Lincoln Harris to begin construction on second SouthPark tower

November 17, 2015

(The Charlotte Observer)

Chemical company Albemarle Corp. signed a lease for 47,060 square feet at Capitol Towers in Charlotte's SouthPark neighborhood. Other companies who have signed leases for the office project are Sterling Capital Management and Dixon Hughes Goodman. Developer Lincoln Harris plans to break ground later this year on a second tower at the site, which will include a total of 480,000 square feet of office space and 35,000 square feet of retail.

GKN to invest $19.8 million in Conover auto-parts plant

November 16, 2015

(Hickory Daily Record)

GKN Sinter Metals, a division of United Kingdom-based GKN, is investing $19.8 million in its Catawba County plant and plans to add 55 new jobs to its existing 83. The company makes auto parts for companies including General Motors and Ford. GKN employs more than 2,500 people in the state.

Old Dominion CEO lands on Fortune top 50 list

November 16, 2015

(Winston-Salem Journal)

David Congdon, who took over as CEO of Old Dominion Freight Line in 2008, ranked 23rd on Fortune magazine's list of the world's top 50 business people for 2015. During Congdon's tenure at the Thomasville-based trucking company, revenue has more than doubled and profits have increased fivefold, according to Fortune.

Pittenger land firm seeks sale to Charlotte's South Street Partners

November 16, 2015

(The Charlotte Observer)

Pittenger Land Investments is asking investors to approve a sale of the company to Charlotte-based South Street Partners. U.S. Rep. Robert Pittenger transferred the company, which is under investigation by the FBI and the IRS, to his wife, Suzanne, after he was elected to Congress in 2012.

Sampson County plant will convert turkey waste into energy

November 16, 2015

(The Fayetteville Observer)

A $25 million plant under construction in Sampson County will turn 55,000 tons of turkey waste into industrial steam for energy. The 165,000-square-foot Prestage AgEnergy plant is expected to open by the first quarter of 2016.

Chapel Hill-based kids coding site reaches 70,000 students

November 16, 2015

(WRAL TechWire)

Youth Digital, a Chapel Hill-based startup that offers online courses to train kids to design games, 3-D animations and apps has expanded its reach from 800 customers in 2013 to more than 70,000 children in over 100 countries.

Greensboro's Qorvo plans to raise $1 billion

November 16, 2015

(News & Record, Greensboro)

The Greensboro semiconductor company plans to raise $1 billion by 2025 through a senior notes offering. The company will use the proceeds to buy back shares and pay off debt.

Wilmington cold-storage facility to open in April

November 16, 2015

(StarNews, Wilmington)

Despite weather-related construction delays, a cold storage facility at Port of Wilmington should be open by mid-April. The 100,000-square-foot facility, which will house seafood, poultry, vegetables and other foods waiting to be exported, will be operated by a subsidiary of real-estate development group USA Investco.

Raleigh City Council aims to protect historic structures

November 13, 2015

(The News & Observer, Raleigh)

Raleigh City Council is expected to approve Monday new development zones that would allow for 40-story buildings in the central business district while maintaining height restrictions on 19 of the city's oldest buildings. The action would make it harder for developers to raze historic properties and redevelop them for a profit.

Contruction to begin Monday on I-77 toll lanes

November 13, 2015

(The Charlotte Observer)

Construction is scheduled to begin Monday on Interstate 77 toll lanes, though, in a last-minute effort to halt the project, two state legislators from the Charlotte region plan to ask Gov. Pat McCrory to cancel the project.