Business

Cumberland County rejects plans for chicken plant

January 6, 2015

(The Fayetteville Observer)

Cumberland County commissioners voted against holding a public hearing on whether or not to offer incentives for Mississippi-based Sanderson Farms to build a chicken-processing plant that would have created 1,000 jobs. The board voted informally in September against moving forward with the project, but the issue was revived following November's election.

Lee County commissioners oppose Duke's coal-ash disposal plan

January 6, 2015

(The News & Observer, Raleigh)

The Lee County Board of Commissioners approved a resolution saying Duke Energy's plan to dispose of coal ash at a local clay mine would create environmental risk and cause economic hardship. 

Study: North Carolina is No. 3 state for relocations

January 6, 2015

(News & Record, Greensboro)

North Carolina ranked third on a 2014 list of Top Moving Destinations. According to the study from United Van Lines, more people moved into the state than out of it last year. Oregon and South Carolina ranked first and second.

Charlotte developer, New York Life buy uptown office tower for $60M

January 6, 2015

(The Charlotte Observer)

Charlotte-based Grubb Properties and an affiliate of New York Life Insurance will acquire the 525 North Tryon Street office tower for $60 million. Orlando, Fla.-based Parkway Properties paid $47.4 million for the 405,000-square-foot tower in 2012. 

New Hanover Regional to expand, renovate ER

January 6, 2015

(Greater Wilmington Business Journal)

New Hanover Regional Medical Center will renovate its emergency department and add 12,600 square feet at its main campus in Wilmington. The renovation will increase the number of patient exam rooms from 48 to 73. Construction is expected to begin this spring with an estimated completion date of early 2017.

Charlotte-based Falfurrias sells Dorsey Wright for $225M

January 6, 2015

Falfurrias Capital Partners, a Charlotte-based private-equity firm led by Hugh McColl Jr. and Marc Oken, sold its stake in investment company Dorsey, Wright & Associates to New York trading company Nasdaq OMXGroup Inc.

BofA settles with mortgage company over defective loans

January 6, 2015

(The Charlotte Observer)

Bank of America reached a deal with SecurityNational Mortgage to settle claims that the Utah-based bank sold it defective mortgages. SecurityNational said it has made a settlement payment to Charlotte-based BofA; the amount of the payment was not disclosed. 

Developer to present plan for Greensboro's Friendly and Hobbs site

January 6, 2015

(News & Record, Greensboro)

Despite neighborhood protests, Greensboro city planners recommended rezoning a 6.77-acre tract from residential to retail to accommodate an Atlanta developer's proposal to build a grocery store and other retail shops. Halpern Development will present its plans at a public meeting Tuesday night.

Dominion to host open houses on proposed pipeline

January 6, 2015

(The News & Observer, Raleigh)

Dominion Resources will hold information sessions for landowners in eastern and central N.C. who may be affected by a proposed natural-gas pipeline. This week's open houses will include updated maps showing the route of the 550-mile pipeline, which will run from West Virginia to southeastern N.C.

Lenovo introduces new ThinkPad products

January 6, 2015

(The News & Observer, Raleigh)

To commemorate the sale of its 100 millionth ThinkPad computer, Lenovo is introducing new ThinkPad products, including a third-generation X1 Carbon laptop that will go on sale later this month.