Business

Adviser says Family Dollar should delay vote

December 12, 2014

(The Charlotte Observer)

Institutional Shareholder Services said Family Dollar Stores stockholders should postpone a Dec. 23 vote on the Matthews-based retailer's pending deal with Dollar Tree. The shareholder advisory group says delaying the vote could result in a higher price. 

Dozens of vacant manufacturing sites for sale in Hickory area

December 12, 2014

(Hickory Daily Record)

Catawba County has 69 vacant warehouses and manufacturing buildings listed for sale, but city and county leaders say they need to build a high-end business park to meet market demands and recruit new companies. 

$21M entertainment center proposed for Fort Bragg

December 12, 2014

(The Fayetteville Observer)

The Army & Air Force Exchange Service finance committee approved plans for an entertainment complex that includes a 42,000-square-foot movie theater and 40,000 square feet of dining space at Fort Bragg. The $21 million to $23 million center is scheduled to open in early 2017.

Krispy Kreme debuts rewards program

December 12, 2014

(Winston-Salem Journal)

Winston-Salem-based Krispy Kreme Doughnuts launched an app in four of its markets that will allow customers to earn rewards points for free doughnuts, coffee and other items at its retail stores. 
Related: Krispy Kreme earnings report disappointing 

PNC rolls out redesigned branches in Charlotte

December 12, 2014

(The Charlotte Observer)

Pittsburgh-based PNC Bank has redesigned two of its Charlotte bank branches to allow customers to do more self-service banking using tablet devices and computers. PNC CEO William Demchak said the bank will focus more on converting its existing branches to the new model and less on closing branches.

Carolinas' first curling center to open in Charlotte

December 12, 2014

(The Charlotte Observer)

A $1.8 million curling center will open Saturday in north Charlotte, the first dedicated to the sport in the Carolinas. The 17,000-square-foot building features enough ice for up to four games to be played at a time. A curling center is scheduled to open in the Triangle area in about a month.

Charlotte developer to build 650-home community in Fort Mill, SC

December 11, 2014

(The Charlotte Observer)

Crescent Communities will develop a 550-acre residential community in Fort Mill, S.C. The Charlotte-based company will break ground in the first quarter of 2015 on Masons Bend, which will include 650 houses. Later phases of the project could include apartments and retail.

American Underground unveils economic-impact study

December 11, 2014

(WRAL TechWire)

Startups at American Underground's three Triangle locations created 323 new jobs over the past 12 months, according to a report the business incubator released on Wednesday. The study shows employees spent $674,700 at establishments in Durham and Raleigh. American Underground's 180 companies raised $20.7 million in funding over the past 12 months.

New developer for retail project at Raleigh's Crabtree Valley

December 11, 2014

(The News & Observer, Raleigh)

Lennar Commercial is the new lead developer for Carolina Row, a mixed-use development planned for 10 acres across from Raleigh's Crabtree Valley Mall. Trademark Property announced plans for the project – which will include up to 175 apartments and 150,000 square feet of retail space – in May. Lennar plans a grand opening for Carolina Row in the fourth quarter of 2016.

Kentucky company in talks to acquire Columbus County railroad

December 11, 2014

(The Fayetteville Observer)

A Kentucky company is close to making a deal to purchase Carolina Southern Railroad in Columbus County, which has pledged $1.8 million in economic-development incentives to the company. Commissioners in Horry County, S.C. also pledged $1.8 million for R.J. Corman Railroad Group to restore the idled rail lines.