Business

Wilmington's Envision Mortgage to merge with Raleigh's North State Bank

December 9, 2014

(Greater Wilmington Business Journal)

Wilmington-based Envision Mortgage will merge with Raleigh-based North State Bank Mortgage. Financial terms of the deal, which is expected to close Dec. 31, were not disclosed. North State Bank has seven offices in New Hanover and Wake counties.

Charlotte approves $16M for coliseum upgrades

December 9, 2014

(The Charlotte Observer)

Charlotte City Council approved $16 million in renovations for Bojangles' Coliseum, including $4 million for ice-making equipment, new seats and a new scoreboard for the Charlotte Checkers, the city's minor-league hockey team. The Checkers will move to the east Charlotte coliseum from uptown's Time Warner Cable Arena for the 2015-16 season.

Chapel Hill CEO killed in Maryland plane crash

December 9, 2014

(The News & Observer, Raleigh)

Michael Rosenberg, president and CEO of a Durham-based clinical research company, died Monday in a plane crash in Gaithersburg, Md. Rosenberg, who lived in Chapel Hill, founded Durham-based Health Decisions in 1989 and was a former manager at the National Centers for Disease Control and Prevention. Two other people on board the plane and three people on the ground also died in the crash.

Movement Mortgage reaches employment milestone

December 9, 2014

(The Charlotte Observer)

As the mortgage market continues moving toward home purchasing rather than refinancing, Virginia Beach, Va.-based Movement Mortgage announced it has hired its 1,500th employee. Co-founded in 2008 by ex-Carolina Panther Casey Crawford, the mortgage bank now employs about 200 in Charlotte ("Catching a Break," July).

Wilmington plans waterfront improvements

December 9, 2014

(StarNews, Wilmington)

The city of Wilmington held a public workshop to help prioritize projects proposed as part of its Waterfront Improvement Plan. Potential projects include an urban park, reconstruction of a section of the city's river walk and public art.

McCrory, Duke Energy CEO talk coal ash on '60 Minutes'

December 8, 2014

(The Charlotte Observer)

On Sunday's episode of CBS' 60 Minutes, Gov. Pat McCrory questioned Duke Energy's knowledge of potential structural problems at its 32 coal-ash ponds across the state. Duke CEO Lynn Good said the February spill into the Dan River near Eden (cover story, April) was an accident, and that there is no "quick answer" to the ash disposal problem.

42-acre mixed-use project near Crabtree Valley proposed

December 8, 2014

(The News & Observer, Raleigh)

Developers are planning a mixed-use infill project on 42 acres near Crabtree Valley in Raleigh. Plans for Glenwood Place, which would be co-developed by Raleigh-based Grubb Ventures and Charlotte-based Lincoln Harris, include a half-million square feet of offices, plus retail and apartments. The project could cost as much as $500 million to build.

New Hanover county manager supports sales-tax increase

December 8, 2014

(Greater Wilmington Business Journal)

New Hanover County Manager Chris Coudriet believes a temporary quarter-cent sales-tax increase would boost economic-development efforts in the Wilmington area by creating a sustainable fund for recruiting new business.

NC State's sale of Hofmann Forest is canceled

December 8, 2014

(The News & Observer, Raleigh)

N.C. State's controversial plan to sell its 79,000-acre research forest has fallen through because the buyers were unable to secure financing for the $131 million deal. Chancellor Randy Woodson said the university will likely try to find another buyer for Hofmann Forest, which is in Onslow and Jones counties.

Developers seek approval for 667 apartments in Asheville

December 8, 2014

(Asheville Citizen-Times)

Three proposed apartment projects would bring a total of 667 new apartments to Asheville. The largest of the three, a 309-unit complex on Fairview Road, has residents concerned over increased traffic volume they say will make the road more dangerous. Asheville City Council is expected to vote on the projects Tuesday.