Eastern

Hearing for Amazon Wind Farm case set for Wednesday

April 13, 2016

(The News & Observer, Raleigh)

Lawyers will debate whether an additional regulatory review is required for Amazon's $400 million wind farm that is under construction in northeastern N.C. A couple from Perquimans County contends the wind farm must be reviewed again since the current project differs from the original proposal. The wind farm will be the largest in the Southeast and represents the region's biggest economic-development project.

Suddenlink drops WRAL in Greenville viewing area

April 13, 2016

(The Daily Reflector)

Cable provider Suddenlink is dropping Raleigh-based WRAL from its lineup after WRAL switched its affiliation to NBC after more than 30 years as a CBS affiliate. The change should benefit WITN, a Chocowinity-based station that broadcasts NBC in the Greenville region.

Medical-products manufacturer opens HQ in Pitt County

April 12, 2016

(The Daily Reflector, Greenville)

DR Burton Healthcare Products will open its headquarters and manufacturing center in a 29,000-square-foot space in Farmville, aided by a building reuse grant from the N.C. Commerce Department. The company makes surgical and respiratory products. The company didn't say how many people it plans to hire.

Wood-pellet domes almost complete at Port of Wilmington

April 11, 2016

(StarNews, Wilmington)

Two white, 170-foot-tall domes at Port of Wilmington are nearly ready for use by Enviva, a Maryland-based company that will store wood pellets inside them for shipment to Europe. The pellets are produced at a plant in Sampson County. The company expects to begin shipping by the end of the third quarter.

3 former NewBridge execs to open Southern Bank office in Wilmington

April 7, 2016

(Greater Wilmington Business Journal)

Paul McCombie, Leon Pruzan and Lenny Smith leased space for a loan production office in Wilmington. All three worked for Greensboro-based NewBridge Bank in the Wilmington market. Southern Bank is based in Mount Olive and has more than 60 office and about $2.6 billion in assets. In February, Southern acquired Heritage Bankshares of Norfolk, Va.

New Hanover Regional CEO stepping down

April 6, 2016

(Greater Wilmington Business Journal)

Jack Barto will retire no later than June 30, 2017, according to a news release. Barto has been president and CEO of New Hanover Regional Medical Center in Wilmington for 12 years. John Gizdic, currently chief operating officer, will succeed him.

Massive Pender County development could launch soon

April 5, 2016

(StarNews, Wilmington)

Construction could begin in late April on Blake Farm, a 1,300-acre mixed-use development in Pender County. The project will be built in phases and could take 10 years to build out. Plans call for 2,200 residential units and about 50 acres of commercial development, including a YMCA and events center.

Study: Offshore wind farms could impact vacation rentals

April 5, 2016

(The News & Observer, Raleigh)

A study by N.C. State University shows that building a wind farm off the North Carolina coast could harm tourism and vacation rentals if the turbines were visible.

Cable manufacturer to close Wilson County plant

April 4, 2016

(The Wilson Times)

After 60 years in Wilson County, Nexans will close its Elm City plant on June 30 and 113 workers will lose their jobs. The French company makes wire and cable for the aerospace and defense markets. Decreased sales and declining market prices contributed to the decision to close the facility.

Greenville airport seeks new use for 90 acres

April 4, 2016

(The Daily Reflector, Greenville)

Officials at Pitt-Greenville Airport want to develop an industrial park on 90 acres it purchased in 2011. The airport authority paid $1.8 million for the land, intended to serve as a buffer to prevent development such as housing that would interfere with flight patterns. With fewer commercial flights, the airport is seeking new revenue streams and says a commercial/industrial development could provide jobs for people in northern Pitt County.

New Hanover apartments sold for $22M

April 4, 2016

(Greater Wilmington Business Journal)

New York-based Gamma Real Estate paid more than $22 million for the first and second phases of The Park at Three Oaks, an apartment community with about 200 units in Ogden, located in northern New Hanover County.

Brunswick Realtor group's office face foreclosure

April 1, 2016

(Wilmington Business Journal)
The home of the Brunswick County Association of Realtors is facing foreclosure, prompting the association to leave the office in Supply and move to new space in Shallotte. It had bought the property 10 years ago and it includes a 5,600-square-foot ballroom. Bluefield, Va.-based First Community Bank is the lender on the property.

Loss of Titan plant, offshore drilling affect industrial outlook in eastern NC

March 30, 2016

(StarNews, Wilmington)

President Obama's decision to abandon a plan that would have allowed offshore drilling and Titan America's cancellation of a cement plant in Castle Hayne leave fewer prospects for industrial workers in southeastern N.C.

NC ports see growth in cargo volumes

March 30, 2016

(Greater Wilmington Business Journal)

The Port of Wilmington reported an 8% increase in container cargo volumes in February when compared with the same month a year ago. Container cargo shipments were up 18% for the 2014-15 fiscal year, according to a release Tuesday. The Port of Morehead City also reported a 19% year-over-year increase in tonnage through February.

Eastern NC railroad resumes service

March 29, 2016

(The News & Observer, Raleigh)

The former Carolina Southern railroad is up and running again after a five-year pause. R.J. Corman Railroad Co. bought the 90-mile short-line railroad last year. The line runs between Whiteville in Columbus County and Myrtle Beach, S.C.

LS3P merging with Savannah architecture firm

March 29, 2016

(Greater Wilmington Business Journal)

LS3P, which has offices in Charlotte, Raleigh and Wilmington, announced its second merger within the last three months. After combining with Hubbard Architecture in Myrtle Beach, the firm now plans to merge with Dawson Architects of Savannah, Ga., adding 20 employees. The Charleston, S.C.-based firm now employs more than 300 architects, designers and staff.

Downtown Wilmington is thriving, group says

March 28, 2016

(StarNews, Wilmington)

More than $200 million worth of development including apartments, hotels and mixed-use projects is underway in Wilmington's urban core, according to a presentation last week by Wilmington Downtown Inc., which promotes economic growth in the Port City. The group estimates 49 new businesses were started and 160 new jobs were created last year.

Little Washington-based bank targeted by investor pushing for change

March 28, 2016

An investor is pressing First South Bancorp to consider a possible sale, contending the Washington, N.C.-based community bank is underperforming and overpaying its directors.

Kinston hospital to partner with UNC Health Care

March 24, 2016

(Winston-Salem Journal)

The board of directors of Lenoir Memorial Hospital voted to pusue a management-services agreement with UNC Health Care. The Kinston hospital ended a similar agreement with Novant Health in late October. If an agreement is reached, it would be the 10th hospital that UNC Health Care owns or manages.

Townend named associate vice chancellor at UNCW

March 22, 2016

(StarNews, Wilmington)

UNC Wilmington named Paul Townend associate vice chancellor and dean of undergraduate studies. Townend is an associate professor and chair of the history department. He replaces Martin Posey, who became director of the school's Center for Marine Science in January.