Business

CSX project faces opposition from landowners

January 21, 2016

(The News & Observer, Raleigh)

Jacksonville, Fla.-based CSX plans to build a $272 million container hub on 450 acres in Johnston County, but some landowners are telling the railroad giant their properties aren't for sale. State law allows private railroad companies such as CSX the power of eminent domain, which means they can forcibly take land for a fair-market price.
Also: Johnston County commissioners oppose CSX cargo hub plans

Planning board OKs toll lanes for I-77

January 21, 2016

(The Charlotte Observer)

The Charlotte Regional Transportation Planning Organization voted 50-12 in support of toll lanes, allowing a controversial project on a 26-mile stretch of Interstate 77 spanning northern Mecklenburg and Iredell counties to move forward.

Raleigh's Capital Bank could move HQ to Charlotte

January 21, 2016

(The Charlotte Observer)

Capital Bank is considering relocating its headquarters to the Queen City after regulators approve its proposed $350 million acquisition of Charlotte's CommunityOne Bancorp. Capital Bank will have nearly $10 billion in assets when the deal closes, expected to be in the first quarter.

Winston-Salem's Inmar acquires Chicago food analytics firm

January 21, 2016

(Winston-Salem Journal)

Inmar is buying Willard Bishop, a 19-employee analytics and consulting firm in Chicago, for an undisclosed amount. It's the Winston-Salem-based technology company's fifth acquisition since January 2014. Inmar employs about 950 people at its headquarters and about 4,400 across North America.

Burke County approves incentives for company expansion

January 21, 2016

(The News Herald, Morganton)

Burke County commissioners approved incentives for an unidentified company to bring 25 new jobs over five years. The company, whose name will be revealed Jan. 29, plans to invest $8.5 million in Valdese.

New construction will bring thousands to downtown Charlotte

January 21, 2016

(The Charlotte Observer)

Construction in downtown Charlotte is booming, according to a report released Wednesday by booster group Charlotte Center City Partners. About 3.5 million square feet of office space, more than 2,200 hotel rooms and more than 8,700 apartments are planned or under construction. CEO Michael Smith said he's not worried about overbuilding.

Duke Energy sets solar record

January 21, 2016

(The Charlotte Observer)

The Charlotte-based utility installed more than 300 megawatts of solar power in North Carolina in 2015, enough to power 60,000 homes. Duke spent $500 million to acquire four large solar farms, mostly in eastern N.C., and buying solar energy from other developers.

Wegmans to open first NC grocery store

January 20, 2016

(The News & Observer, Raleigh)

Wegmans Food Markets, an 88-store chain based in Rochester, N.Y., plans to open its first North Carolina store in Cary. Consumer Reports ranked Wegmans, which has stores in New York, Massachusetts and across the Mid-Atlantic region, the No. 1 supermarket in the U.S. in 2015. The grocer earned high marks for produce, freshness, baked goods and overall shopping experience.

Entity with ties to PPD raises $71M

January 20, 2016

(Greater Wilmington Business Journal)

X-Co Holdings LP raised more than $71 million in a securities offering, according to an SEC filing. X-Co Holdings is listed a biotechnology entity that shares the same address as Wilmington-based Pharmaceutical Product Development, which is owned by private-equity firms The Carlyle Group and Hellman & Friedman.

Greensboro developer Marty Kotis buys downtown property

January 20, 2016

(News & Record, Greensboro)

Marty Kotis, the Greensboro developer who compares his approach to rehabbing buildings to the Extreme Makeover TV show, will pay $900,000 for the city-owned human services building in downtown Greensboro. Kotis said he has no immediate plans for the property.