Business

Creative Loafing Charlotte sold to Triad publisher

August 20, 2014

(News & Record, Greensboro)

Jamestown-based Womack Newspapers Inc., publisher of Greensboro-based YES! Weekly, will acquire Creative Loafing Charlotte. Terms of the deal, expected to close by the end of the month, weren't disclosed.

Developer hopes Asheville outlets will draw tourists

August 20, 2014

(Asheville Citizen-Times)

Asheville Outlets, under construction at the site of the former Biltmore Square Mall, will add 1,341 jobs and $33 million in local spending, according to an economic impact study commissioned by the developer. The 325,000-square-foot shopping center will open in spring 2015.

Family establishes commercial real estate firm in Wilmington

August 20, 2014

(Greater Wilmington Business Journal)

A family of brokers who worked the past five years with Coldwell Banker Commercial Sun Coast Partners has started their own commercial real estate company, Eastern Carolinas Commercial Real Estate. 

Dollar General deal could lead to job cuts at Family Dollar

August 19, 2014

(The Charlotte Observer)

At least one analyst says a potential Dollar General acquisition of Family Dollar Stores could lead to heavy job losses at the discount retailer's Matthews headquarters. Goodlettsville, Tenn.-based Dollar General's business model is more similar to Family Dollar's than Chesapeake, Va.-based Dollar Tree's, meaning there could be many jobs with duplicate functions.

Wake County to hit 1 million residents Friday

August 19, 2014

(The News & Observer, Raleigh)

Based on the average growth rate of 62 people a day, Wake County is expected to reach the milestone of 1 million residents on Friday. The majority of Wake's growth comes from net migration − about two thirds of new residents come from other states, foreign countries and other counties in North Carolina.

Charlotte's Sonic Automotive to launch used-car dealerships

August 19, 2014

(The Charlotte Observer)

Sonic Automotive, the Fortune 500 company founded by Bruton Smith, plans to open a chain of stand-alone used-car dealerships. The first three EchoPark stores will open in Denver, Colo. by November.

Silicon Valley venture-capital firm looking to RTP for opportunities

August 19, 2014

(The News & Observer, Raleigh)

HealthQuest Capital, a Silicon Valley-based venture-capital firm, is looking to invest in life-sciences companies in North Carolina and other parts of the Southeast. The firm was founded by Garheng Kong, a former partner at Durham's Intersouth Partners, who says the region has long been underfunded when it comes to venture-capital investments.

Fayetteville could get call center, 500 jobs

August 19, 2014

(The Fayetteville Observer)

An unnamed company is considering downtown Fayetteville for a call center that would employ 500 people. The company is also considering Georgia and Tennessee for the jobs.

DOT to replace 11 bridges in Western NC

August 19, 2014

(Asheville Citizen-Times)

The N.C. Department of Transportation will replace 11 bridges in Buncombe, Madison and Mitchell counties that, while deemed safe for use, are costly to maintain due to outdated design standards (NCTrend, August). Mooresville-based Dane Construction was awarded an $11.4 million contract to replace the bridges.

ZeekRewards receiver looks to reclaim funds from overseas 'net winners'

August 19, 2014

(Winston-Salem Journal)

The receiver in the Lexington-based ZeekRewards.com case received permission to pursue claims from "winners" − those who had a net gain of at least $1,000 in the Ponzi scheme − in foreign countries.