Business

I-485 completion could trigger development boom in north Charlotte

June 1, 2015

(The Charlotte Observer)

The last leg of Interstate 485 opens Friday, and at least one developer already has plans underway for a mixed-use project along the 5.7-mile stretch.

Wilmington native to become CEO of Dollar General

June 1, 2015

(Greater Wilmington Business Journal)

Wilmington native Todd Vasos will become CEO of Dollar General, the company said Thursday. Vasos was chief operating officer of the Goodlettsville, Tenn.-based discount retailer, which last year attempted an unsuccessful takeover of Family Dollar Stores. He replaces Rick Dreiling, who is retiring.

NC Bankers Association announces new board of directors

June 1, 2015

(Winston-Salem Journal)

Bob Hatley, president and CEO of Raleigh-based Paragon Bank, was named chairman of the N.C. Bankers Association for 2015-16. BNC Bancorp CEO Rick Callicutt will become vice chairman.

World's largest pension fund may divest shares of Duke Energy

May 29, 2015

(The Charlotte Observer)

A finance committee has recommended the Norway Government Pension Fund Global divest its shares in Duke Energy and other companies that receive more than 30% of revenue from coal.

Top tech companies ask legislators to keep green-energy policy

May 29, 2015

(WRAL TechWire)

Apple, Facebook and Google sent a joint letter to N.C. Senate leader Phil Berger and N.C. House Speaker Tim Moore urging the legislators not to change a requirement that utilities must obtain increasing amounts of energy from renewable sources through 2021. The three tech companies say they built data centers in the state because of its green energy policies.

Officials work to reopen hospital in Yadkinville

May 29, 2015

(Winston-Salem Journal)

Yadkin County commissioners say state health regulators are helping them work on a solution to reopen Yadkin Valley Community Hospital, which was abruptly shut down last Friday. State and local officials are working with representatives from Hugh Chatham Memorial Hospital, which may acquire the license for the 20-bed hospital.

Red Ventures buys Pitney Bowes unit for $310M

May 29, 2015

(The Charlotte Observer)

Indian Land, S.C.-based Red Ventures completed its $310 million acquisition of Imagitas, a marketing-services unit of Stamford, Conn.-based Pitney Bowes that has a contract with the U.S. Postal Service. It's the first major acquisition for Red Ventures, which employs about 2,300 people at its South Carolina headquarters and in Charlotte.

Raleigh's North Hills gains new office tower

May 29, 2015

Raleigh developer John Kane plans a 12-story building in the city's North Hills district for Chicago-based Allscripts Healthcare Solutions.

Apartment developer buys downtown Durham property

May 29, 2015

(The News & Observer, Raleigh)

Charlotte-based Northwood Ravin paid $11.7 million for a 6.1-acre site adjacent to the Durham Bulls ballpark and the American Tobacco Campus. The apartment developer is considering potential plans for the site that could include residential units, a hotel, offices and retail.

Blowing Rock health care facility to open March 2016

May 29, 2015

(The Watauga Democrat)

Construction of Chestnut Ridge at Blowing Rock, a health care facility on 68 acres that will replace Blowing Rock Hospital and an extended-care center, is moving ahead of schedule and is now 47% complete.