Business

Furniture company leaves Charlotte for Fort Mill, SC

March 4, 2015

(The Charlotte Observer)

Broad River Furniture, which operates 16 Ashley Furniture stores and one outlet store, will move its headquarters and distribution center from Charlotte to Fort Mill, S.C., where it will employ 200 people. The retailer will invest $12.6 million in its new 174,000-square-foot campus, which is expected to be open by November.

Woodlake Resort and Country Club to be sold at auction

March 4, 2015

(The Fayetteville Observer)

Woodlake Resort and County Club, located in Moore County between Vass and Spring Lake, will go up for auction March 26 with a suggested opening bid of $2.5 million. Developed in 1968, the financially troubled club filed for bankruptcy protection in September.

Family Dollar CEO sells more shares

March 4, 2015

(The Charlotte Observer)

Family Dollar Stores CEO Howard Levine plans to sell one to two million shares of the company's stock over the next five days, according to a securities filing. Levine sold almost 1.8 million shares last month for about $135 million. Chesapeake, Va.-based Dollar Tree is awaiting FTC approval to complete its $8.5 billion acquisition of the Matthews-based retailer.

nCino to offer training course for potential employees

March 4, 2015

(Greater Wilmington Business Journal)

Wilmington-based nCino will offer a certification course in Salesforce, the cloud-based platform on which its Bank Operating System is based, in an effort to draw from local talent as it looks to fill 40 to 75 new jobs in 2015. The software company announced last week it has raised $29 million in financing that will allow it to expand in the U.S. and internationally.

Cumberland officials to discuss alternate route for proposed pipeline

March 4, 2015

(The Fayetteville Observer)

Cumberland County officials will meet next week with representatives from Dominion Resources and Piedmont Natural Gas to discuss altering the route of the proposed Atlantic Coast Pipeline. County staff members are concerned the pipeline will hinder development at the 485-acre Cedar Creek industrial park, which hasn't had a single tenant since it opened 10 years ago.

Belk Endowment gives $9.6M to community college programs

March 4, 2015

(The Charlotte Observer)

The John M. Belk Endowment will give $7.75 million to the Single Stop program, which provides resources for students to complete community college. The endowment also plans to give financial awards to eight other organizations that support community colleges. 

Durham's Square 1 Bank to be acquired by PacWest

March 3, 2015

(The News & Observer, Raleigh)

Square 1 Bank will be acquired by Los Angeles-based Pacific West Bank in an all-stock deal valued at $849 million. The Durham-based bank, which went public a year ago, has assets of about $3 billion and about a dozen loan-production offices nationwide. Square 1 will keep its name and will operate as a division of PacWest.  

Jordan debuts on Forbes' billionaires list

March 3, 2015

(The Charlotte Observer)

With a net worth of about $1 billion, Charlotte Hornets' owner Michael Jordan made his first appearance on Forbes magazine's annual billionaires list. Jordan joins SAS executives Jim Goodnight and John Sall and Charlotte businessman C.D. Spangler on the list, which includes 1,826 billionaires worldwide.

Quicken overtakes BofA on list of top mortgage lenders

March 3, 2015

(The Charlotte Observer)

Bank of America slipped a spot to fourth place on a ranking of lenders with top mortgage market share. San Francisco-based Wells Fargo is still the nation's largest mortgage lender, followed by JPMorgan Chase and Detroit-based Quicken Loans. 

Greensboro-High Point MSA earns national ranking

March 3, 2015

(High Point Enterprise)

The Greensboro-High Point Metropolitan Statistical Area ranked No. 1 in the nation for new and expanded corporate facilities. The listing in Site Selection magazine includes metro areas with populations of 200,000 to 1,000,000. The area had 41 qualifying projects in 2014, including expansions by APAC Customer Service and Thomas Built Buses.