Charlotte

Charlotte office tower for sale

December 4, 2014

(The Charlotte Observer)

The 20-story 101 Independence Center at Trade and Tryon streets in uptown Charlotte is for sale. Bank of America is the largest tenant in the 565,000-square-foot building, which is owned by KBS and Gramercy Property Trust. A source reports the asking price is $120 million.

Charlotte's Olde Mecklenburg named top brewery tour in US

December 4, 2014

(USA Today)

Olde Mecklenburg Brewery in Charlotte won USA Today's 10Best readers' poll for best brewery tour in the nation. Burlington, Vt.-based Magic Hat Brewing came in second, while Fort Collins, Colo.-based New Belgium Brewing – which broke ground in May on an East Coast brewery in Asheville – was third.

CommunityOne names new market president for Gastonia

December 4, 2014

(The Gaston Gazette)

Charlotte-based CommunityOne Bank tapped Reggie Gaither to be market president and commercial relationship manager for the Gaston County region. Gaither was a relationship manager for Wells Fargo in Charlotte and Gastonia. CommunityOne was formed in 2013 through a merger of Granite Falls-based Bank of Granite and Asheboro-based FNB United Corp.

Charlotte Chamber touts 5,518 new jobs in 2014

December 3, 2014

(The Charlotte Observer)

At its annual meeting Tuesday, the Charlotte Chamber said it has announced 5,518 new jobs and $528 million in capital investments in 2014. Former Wachovia executive Mac Everett received the 2014 Citizen of the Carolinas award for his business, civic and and volunteer contributions.

Lincoln Harris proposes mixed-use development in south Charlotte

December 3, 2014

(The Charlotte Observer)

Charlotte-based developer Lincoln Harris filed a request for a 188-acre parcel along Providence Road in south Charlotte to be rezoned for offices, retail, a public school and up to 500 residential housing units. The former Charlotte Golf Links property – part of the Carolina Trail group – went into foreclosure earlier this year. The land is zoned for single-family residential use; a rezoning hearing will likely be held in early 2015.

Duke Energy to solicit bids for coal-ash management

December 3, 2014

(The Charlotte Observer)

Duke Energy will seek proposals from researchers, universities and other industry specialists for beneficial ways to reuse coal ash. Interested bidders should submit their organization name and contact information to CoalAshReuse@duke-energy.com by Dec. 9. The company will accept proposals through Feb. 6, 2015.

EPA plan draws criticism

December 2, 2014

(The Charlotte Observer)

Charlotte-based Duke Energy and the N.C. Department of Environment and Natural Resources joined other utilities and states in criticizing an Environmental Protection Agency plan to reduce carbon emissions 30% by 2030 compared with 2005 levels. 
Related: Duke Energy names communications chief 

Charlotte Chamber to modernize uptown HQ

December 1, 2014

(The Charlotte Observer)

The Charlotte Chamber will begin renovations at its uptown headquarters in early December. A visitor information center, which operated in a subleased space on the first floor of the building at 330 S. Tryon St., has relocated to the Charlotte Convention Center. Amelie's French Bakery, which also subleased a space in the building, has moved out and it is unclear if the company plans to open a new uptown location. Construction is expected to be completed by April.

Amazon fulfillment center prepares for busy shipping season

December 1, 2014

(The Independent Tribune, Concord)

Online retailer Amazon has hired about 400 seasonal workers at its new Concord fulfillment center in preparation for holiday shopping. The company announced in September it would occupy 222,500 square feet at Concord Airport Business Park, but there was no official grand opening.

CEO of Charlotte's National Gypsum named to Fed board

December 1, 2014

(The Charlotte Observer)

Tom Nelson, CEO of Charlotte-based National Gypsum since 1999, was elected a director of the Federal Reserve Bank of Richmond. Nelson will begin a three-year term as a Class B director in January. He succeeds Marshall Larsen, retired CEO of Goodrich Corp.

Recount confirms Beasley's court race win

November 26, 2014

(The News & Observer, Raleigh)

Cheri Beasley, an associate justice, was confirmed the winner in the statewide N.C. Supreme Court race after a recount was completed Monday. The final tally showed Beasley received 5,410 more votes than opponent Mike Robinson, a Winston-Salem lawyer, out of more than 2.4 million votes cast. Beasley was appointed to the seat in 2012. 

Charlotte home prices rise in September

November 26, 2014

(The Charlotte Observer)

As home sale prices nationally continued to slow in September, the Charlotte area posted higher year-over-year appreciation compared with August. Prices were 3.3% higher than September a year ago, while August saw a 2.5% annual gain. Dallas was the only other city to post higher gains.

Catholic charity organization asks BofA to split CEO, chairman roles

November 25, 2014

(The Charlotte Observer)

Citing concern over Bank of America's continuing penalties and settlements, New Jersey-based Sisters of Charity of St. Elizabeth asked the Charlotte-based bank to reverse its decision to name CEO Brian Moynihan chairman. The shareholder joins the California State Teachers' Retirement System and New York City Comptroller Scott Stringer in calling for the bank to separate the leadership roles.

Charlotte Checkers want $4M renovation of Bojangles' Coliseum

November 25, 2014

(The Charlotte Observer)

The Charlotte Checkers will return to Bojangles' Coliseum in 2015-16 if the city agrees to spend $16 million in renovations. That's $4 million more than the city had already planned to spend on coliseum upgrades, and an agreement would represent the first time public funds have subsidized the minor-league hockey team, which has played at uptown's Time Warner Cable Arena since 2005.

Atlanta developer to build second SkyHouse apartment tower in Charlotte

November 24, 2014

(The Charlotte Observer)

Atlanta-based Novare Group said it has acquired land in uptown Charlotte and will begin construction on a second SkyHouse apartment tower next year. A two-story motel will be demolished by year-end to make way for the project. Construction on the first phase of SkyHouse Uptown, a 24-story, $63 million tower, is expected to be completed in mid-2015. 

Dollar Tree expects FTC approval of Family Dollar deal

November 21, 2014

(The Charlotte Observer)

Dollar Tree CEO Bob Sasser said Thursday he expects federal antitrust regulators will approve his company's proposed $8.5 billion acquisition of Matthews-based Family Dollar Stores without requiring it to divest too many stores. The companies agreed to sell as many as 500 stores, though Sasser told analysts he expects that number will be smaller, which could make the deal more attractive to shareholders.

CLT parking deck opens in time for Thanksgiving travel

November 21, 2014

(The Charlotte Observer)

Charlotte Douglas International Airport's new $120 million hourly parking deck opened Thursday, adding 4,000 new public-parking spaces and 3,000 spaces for rental cars. The 3.2 million-square-foot parking deck is twice the size of Charlotte's SouthPark mall.

Charlotte economic-development leaders earn more in 2013

November 21, 2014

(The Charlotte Observer)

Compensation for leaders of Charlotte's three economic-development groups increased in 2013, according to recent tax filings. Charlotte Chamber President Bob Morgan earned $404,368, up 2% over the previous year, while Michael Smith of Charlotte Center City Partners saw a pay increase of 8% and Ronnie Bryant of the Charlotte Regional Partnership received a 5% raise.

Family Dollar delays shareholder vote on Dollar Tree merger

November 20, 2014

(The Charlotte Observer)

Matthews-based Family Dollar Stores rescheduled a shareholder vote on its planned acquisition by Chesapeake, Va.-based Dollar Tree to allow the Federal Trade Commission more time to review the deal. The vote on the $8.5 billion deal is now scheduled for Dec. 23. Family Dollar's stock remained above $78 a share Wednesday, higher than Dollar Tree's offer price of $74.50 a share.

More charges filed against Cornelius payroll company

November 20, 2014

(The Charlotte Observer)

Federal prosecutors have filed additional charges against a Cornelius-based payroll company accused of defrauding more than 100 clients. James William Staz of Iron Station and his father, William James Staz of Huntersville, are accused of stealing more than $11 million from at least 113 clients of Employee Services Net. The new charges bring the total number of counts to 16.