Business

Project announced for former Pilot Life campus in Greensboro

January 16, 2015

(News & Record, Greensboro)

The owner of the former Pilot Life insurance campus in Greensboro's Sedgefield neighborhood wants to partner with other developers on a mixed-use community that would blend residential and commercial projects, possibly including a hotel, at the 142-acre site. 

Sealed Air to build new Charlotte headquarters

January 16, 2015

(The Charlotte Observer)

Sealed Air, which is relocating its headquarters and 1,300 jobs from New Jersey, will build a new campus in southwest Charlotte. Construction on the complex, which will include three buildings, should be complete by the end of 2016. Childress Klein will develop the project and architect HOK will handle design and engineering.

Concord Hospitality, Kane Realty to build 3rd hotel at Raleigh's North Hills

January 16, 2015

(The News & Observer, Raleigh)

Concord Hospitality Enterprises and Kane Realty will develop a 133-room AC Hotel at Raleigh's North Hills. It's the third hotel the Raleigh-based companies have partnered on at North Hills. The hotel is expected to open next year.

Leader says Asheville needs to appeal to both locals and visitors

January 16, 2015

(Asheville Citizen-Times)

The president of a downtown advocacy group says Asheville needs to be more welcoming to locals, who often avoid downtown on the weekends due to crowds of tourists and parking concerns.

Wilmington commercial real-estate firms announce merger

January 16, 2015

(Greater Wilmington Business Journal)

Coldwell Banker Commercial Sun Coast Partners and Harley & Associates Commercial Real Estate, two of the Wilmington area's largest commercial real estate firms, have joined together as of Jan. 8.

Group withdraws proposal for BofA bylaw change

January 16, 2015

(The Charlotte Observer)

New York-based Interfaith Center on Corporate Responsibility is withdrawing its request that Bank of America allow its shareholders to vote on whether chairman and CEO roles should be combined. The Charlotte-based bank agreed to produce a report on its business standards in exchange for the group withdrawing its proposal.

Chiquita moving 320 jobs out of Charlotte

January 15, 2015

(The Charlotte Observer)

Chiquita Brands International will close its Charlotte headquarters, affecting about 320 workers. The produce company was acquired earlier this month by by two Brazilian companies for about $681 million. In a letter to employees, the company said it will transition operations over the next 12 to 18 months to "be closer to our customers and operations." 
Related: Chiquita's early exit raises incentives questions

Adviser: Family Dollar shareholders should vote for Dollar Tree deal

January 15, 2015

(The Charlotte Observer)

Changing its previous recommendation, Institutional Shareholder Services advised shareholders of Family Dollar Stores to vote in favor of an $8.5 billion deal with Chesapeake, Va.-based Dollar Tree. The advisory group had previously said shareholders should delay the vote on the Dollar Tree deal to learn more about a competing bid from rival Dollar General.

Kane Realty eyes Raleigh's warehouse district

January 15, 2015

(The News & Observer, Raleigh)

Raleigh-based Kane Realty filed a rezoning request for a 2.5-acre site in Raleigh's warehouse district currently owned by Dillon Supply. The North Hills developer is looking to redevelop the site into offices, apartments and retail shops. The property is located opposite Citrix's new regional headquarters, which was acquired last month by a New York real-estate firm for $68.5 million.

Wilmington's nCino projects continued growth in 2015

January 15, 2015

(Greater Wilmington Business Journal)

Live Oak Bank spinoff nCino said its 2014 revenue increased 206% compared with the previous year. Started in 2012, the banking-software company now serves 81 clients compared with 36 at the end of 2013. nCino employs more than 100 people and plans to hire 50 to 75 more workers in 2015, CEO Pierre Naudé said.
Related: Code green: nCino and Tresata aim to make NC a hotspot for financial-services software (December 2014)