Business

Cary's SciQuest looks to raise $90 million in stock offering

March 26, 2014

(The News & Observer, Raleigh)

Cary-based SciQuest could raise about $90 million in a public offering of 3 million stock shares. The technology company plans to use the proceeds for working capital and general corporate use.

Watauga County bridge dedicated to fallen officer

March 26, 2014

(The Watauga Democrat)

The U.S. Highway 421 bridge over the South Fork New River near Boone was dedicated to the late William Mast Jr., a Watauga County Sheriff's deputy who was killed while on duty in July 2012. 

Novant Health opens Lexington specialty clinic

March 26, 2014

(The Dispatch, Lexington)

Winston-Salem based Novant Health opened the Lexington Medical Pavilion, a specialty clinic that will make it more convenient for Lexington residents who would otherwise have to travel to Thomasville  for treatment. Specialists will share office space and each will offer limited hours per week.

Heilig-Meyers building in downtown Concord to become apartments

March 26, 2014

(The Independent Tribune, Concord)

The Concord City Council decided Monday to sell the nearly 30,000-square-foot former Heilig-Meyers building to a developer who plans to renovate it into apartments. 

Developer plans $10.2 million Greensboro apartment complex

March 26, 2014

(The News & Record, Greensboro)

Richmond, Va.-based Halcon Companies willl build a $10.2 million, 80-unit apartment complex at South Elm-Eugene St. near Interstate 85.

SECU buying local with purchase of 8,000 Lenovo PCs

March 25, 2014

(The News & Observer, Raleigh)

Raleigh-based State Employees Credit Union is buying 8,000 PCs from China-based Lenovo, which will assemble the computers at its Guilford County plant. The PCs will replace existing computers at SECU's 253 branches and five operations centers.

Crescent reveals plans for two mixed-use projects in uptown Charlotte

March 25, 2014

(The Charlotte Observer)

Charlotte City Council approved a $10.3 million bid by Crescent Communities to purchase a city-owned parcel in uptown Charlotte near the NASCAR Hall of Fame where the firm plans to build a 27-story office tower. The real-estate development firm revealed it also wants to build a second mixed-use project that would include a hotel, apartments and retail space at another uptown site.

Industry pub says Heritage Home Group may move headquarters to High Point

March 25, 2014

(High Point Enterprise)

A furniture-industry publication reported last week that St. Louis-based Heritage Home Group, formerly Furniture Brands International, is planning to move its headquarters to the High Point area. Heritage Home is the parent company of several North Carolina furniture manufacturers; its brands include Broyhill, Drexel Heritage, Lane and Thomasville Furniture.

Novant Health announces new Charlotte outpatient center for cancer, heart patients

March 25, 2014

(The Charlotte Observer)

Novant Health Presbyterian Medical Center in Charlotte announced a $60 million fundraising campaign to raise money for a 150,000-square-foot outpatient service center for cancer and heart-disease patients. The overall cost of the project will be between $90 million and $100 million. A $10 million gift from the family of the late John M. Belk kicked off the fundraising effort.

New Hanover approves industrial investment grant for Fortron

March 25, 2014

(Greater Wilmington Business Journal)

New Hanover County commissioners unanimously approved an incentive package for Fortron Industries to make $50 million in capital improvements at its Wilmington chemical plant. The county will pay a maximum of $100,000 per year for up to five years if the company reaches expenditure benchmarks.