Business

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.

Georgia-based engineering company moving HQ to Garner

December 8, 2014

(The News & Observer, Raleigh)

Conyers, Ga.-based Overland Contracting will move its corporate headquarters to Garner, where the company plans to invest $8.4 million and create 89 new jobs over three years. A subsidiary of Black & Veatch, Overland provides engineering, procurement and construction services for the energy, telecommunications and water industries.

 

Health-insurance rates vary across NC

December 8, 2014

(The News & Observer, Raleigh)

Health-insurances rates vary widely across the state and are among the highest in the United States. Counties in northwestern N.C., the Charlotte area and along the coast have the highest individual insurance rates.

Winston-Salem's IMG College faces job cuts

December 8, 2014

(Winston-Salem Journal)

The parent company of IMG College will cut 3% of its workforce over the next few weeks, which could lead to the loss of 27 jobs for the Winston-Salem-based sports-marketer. IMG Worldwide, parent of IMG College – which has partnerships with more than 90 universities – was acquired by Beverly Hills-based talent agency William Morris Endeavor Entertainment in 2013 in a deal valued at about $2.4 billion.