Business

North Hills breaks ground on 12-story office building

December 8, 2015

(WRAL.com)

Construction crews broke ground Monday on Midtown Plaza, a 12-story building in Raleigh's North Hills area that is being developed by Kane Realty. Chicago-based Allscripts Healthcare Solutions will lease space in the 330,000-square-foot tower. Construction is expected to be complete by spring 2017.

Coughlin ousted as CEO of Cabarrus Chamber

December 8, 2015

(The Independent Tribune)

The executive committee of the Cabarrus Regional Chamber of Commerce voted unanimously to terminate CEO Patrick Coughlin's employment agreement after less than a year on the job. Board member and past chairman Terry Crawford was named interim CEO.

NCDOT contracts with company to operate rail spur serving Global TransPark

December 8, 2015

(The Sun Journal, New Bern)

Gulf & Ohio Railways will operate a 5.7-mile rail spur that will connect freight from the Global TransPark in Kinston to New Bern and Port of Morehead City. The cost of the project is $14.3 million.

Food Lion's remodeling paying off, president says

December 7, 2015

(The Charlotte Observer)

President Meg Ham is overseeing a change in merchandising and pricing at the 1,100-store Food Lion supermarket chain. The company, which employs 1,900 in Salisbury, is part of Delhaize, the target of a $10.4 billion acquisition by Dutch retailer Ahold.


Read more here: http://www.charlotteobserver.com/news/business/article47981215.html#storylink=cpy

Report: HPU's Qubein among best-paid presidents

December 7, 2015

(The News & Observer, Raleigh)

High Point University President Nido Qubein was the third highest-paid among private college presidents in 2013, according to a report by the Chronicle of Higher Education. Qubein, who has raised $1.2 billion at the school since 2005, earned $2.9 million and trailed only Columbia's Lee Bollinger and the University of Pennsylvania's Amy Gutmann.

Duke Energy to seek 50-year license for Catawba

December 7, 2015

(The Charlotte Observer)

Duke Energy will ask the federal government to extend its hydroelectric license for the Catawba River from 40 to 50 years. Duke would agree to conserve an additional 274 acres along the 225-mile river if the longer term is granted.

Qorvo adding 100 jobs in Greensboro expansion

December 7, 2015

(Winston-Salem Journal)

Qorvo plans to invest $25 million and add 100 jobs with an average annual salary of $80,000 at a new facility in Guilford County. The semiconductor company could receive more than $1.3 million in state and local incentives if it meets hiring and investment goals.

UNC Pembroke startup incubator seeking applications

December 7, 2015

(The Fayetteville Observer)

UNC Pembroke's $1.2 million entrepreneurship incubator will officially open for business following a ribbon-cutting on Monday. The Robeson County facility, which was aided by grants from the U.S. Department of Commerce, the Golden Leaf Foundation and others, includes space for nine tenants. The incubator is seeking applications from interested startups.

Charlotte office park sells for $114M

December 7, 2015

(The Charlotte Observer)

Toringdon Office Park near Ballantyne in south Charlotte was sold to an undisclosed buyer for $114 million. The park is 87% leased and consists of six buildings totaling 520,000 square feet. The seller was a joint venture of Stockbridge Capital Group and Trinity Capital Advisors.

Randolph County seeks to rezone megasite land for industrial use

December 7, 2015

(News & Record, Greensboro)

Randolph County and the Greensboro-Randolph Megasite Foundation this week will apply to rezone 1,400 acres for heavy industrial use. The county owns 425 acres of the land, located in northeastern Randolph County, while the foundation owns or controls the right to buy the remainder of it. Local economic developers hope the megasite will attract an automaker.