Business

2,600-home community proposed for Pender County

May 11, 2015

(Greater Wilmington Business Journal)

A development group called Lane's Ferry Landing wants to build a mixed-use community on 988 acres in Pender County with up to 2,600 residential units, a marina, retail shops and offices. County officials are expected to consider the master development plan later this month and in June.

Commercial Credit postpones IPO

May 11, 2015

(The Charlotte Observer)

Charlotte-based lender Commercial Credit Group has postponed its plans to go public, according to IPO adviser Renaissance Capital. Las Vegas-based International Market Centers, which owns the majority of showroom buildings at the High Point Market, also postponed its planned IPO, Renaissance said last week.

Raleigh wants to make it easier to build skyscrapers

May 11, 2015

(The News & Observer, Raleigh)

Raleigh City Council will consider new height limits that would allow developers to build downtown towers as high as 40 stories without obtaining special permission. Currently, projects more than 80 feet high, or about six floors, must obtain approval from the city's planning commission.

Bank of the Carolinas to be acquired for $64M

May 8, 2015

(Winston-Salem Journal)

Mocksville-based Bank of the Carolinas will be sold to Bank of the Ozarks for $64.7 million in stock. The Little Rock, Ark.-based bank will increase its N.C. deposits from $596.2 million to $963.7 million, giving it the No. 19 market share in the state.

Growth up next for Bojangles' after Friday's IPO

May 8, 2015

(The Charlotte Observer)

Bojangles' will sell 7.75 million shares priced at $19 each, according to a securities filing Thursday. Friday's IPO could raise as much as $169 million. The Charlotte-based fast-food chain plans to increase the number of stores by 7 to 8% a year, though it could face challenges in the competitive breakfast segment and in expanding beyond the Carolinas.

Chapel Hill startup raises $18M

May 8, 2015

(WRAL TechWire)

Spyryx Biosciences raised $18 million in a financing that included Durham-based Hatteras Venture Partners, Connecticut-based Canaan Partners and California-based 5AM Ventures. Founded in Chapel Hill in 2013, Spyryx is developing a treatment for lung diseases including cystic fibrosis and COPD.

Crescent Communities plans 72-acre development in south Charlotte

May 8, 2015

(The Charlotte Observer)

A proposed mixed-use development on Providence Road in south Charlotte would add 600 housing units, up to 30,000 square feet of office space and a hotel. Lincoln Harris and Childress Klein also have projects under construction or planned for the area, which is just south of I-485. Including the new proposal, more than 2,100 housing units are planned on about 356 acres.

Mountaire will fire workers seen in undercover video

May 8, 2015

(The Fayetteville Observer)

Mountaire Farms said it will fire workers who were seen abusing chickens at its Robeson County plant in a video released by animal-rights group Compassion Over Killing.

ECU graduates first dental class

May 8, 2015

(The Daily Reflector)

ECU will graduate the first class of students from its School of Dentistry this week. The school operates community-service learning centers across the state to provide training for its students and dental care for underserved areas.

Duke CEO faces shareholder questions

May 8, 2015

(The Charlotte Observer)

At Duke Energy's annual meeting in Charlotte on Thursday, CEO Lynn Good fielded questions about coal-ash storage plans and whether the utility would try to recoup a $10 million loan the company made to the Democratic National Convention in 2012.