Spring lawsuit moved to federal court

May 1, 2015

(Greater Wilmington Business Journal)

A lawsuit filed by former Cape Fear Community College President Ted Spring will now be heard in a federal District Court instead of New Hanover Superior Court. The suit alleges college trustees forced Spring to resign in January. He is seeking reinstatement and at least $25,000 in damages.

Study ranks Wilmington a top place to start a business

April 30, 2015

(StarNews, Wilmington)

Wilmington ranked No. 2 among best places in the country to start a business, according to personal-finance website NerdWallet.com. The study looked at 183 metro areas with 15,000 or more businesses and populations greater than 250,000. Wilmington earned high marks for its growing population, strong tourism industry and high volume of businesses. Boulder, Colo., was the top-ranked city.

Brunswick County home sales outpacing Wilmington area

April 29, 2015

(Greater Wilmington Business Journal)

Sales of single-family homes in Brunswick County increased 25.4% in the first quarter, compared with the same period a year ago. Sales were boosted by retirees and second-home buyers looking to move closer to the coast, according to a local realtor. The average sales price increased 17.2% to $248,681.

'A Chef's Life' wins Daytime Emmy

April 28, 2015

(Kinston Free Press)

A Chef's Life, the PBS television series directed by Pink Hill native and Durham resident Cynthia Hill and featuring Kinston chef Vivian Howard, won a Daytime Emmy award for Outstanding Directing in a Lifestyle/Culinary/Travel Program.

New Bern's redevelopment efforts an 'example' for other towns

April 27, 2015

(New Bern Sun Journal)

Nearly $323.9 million in public and private funds has been invested over the last 35 years in New Bern's downtown, resulting in the creation of 608 jobs. It's the largest investment of any city that participates in the N.C. Main Street program, which was started in 1980 to help revitalize central business districts across the state.

NC ports on pace for record year

April 27, 2015

(StarNews, Wilmington)

The N.C. State Ports Authority reported a 20% increase in container volume in the third quarter compared with the same period a year ago, and the Port of Wilmington is on track to set a fiscal-year record. Container volume increased 34% in March.

Wilmington's Azalea Festival attacts 300,000 people

April 22, 2015

(Greater Wilmington Business Journal)

About 300,000 people attended this month's Azalea Festival in Wilmington. A 2011 study showed 160,000 people participated in the festival that year. Event officials estimate the festival's annual economic impact is at least $60,000.

Apple buys forest land in Brunswick County

April 17, 2015

(StarNews, Wilmington)

Through a partnership with nonprofit environmental group The Conservation Fund, Apple has acquired more than 3,600 acres of forest land in Brunswick County. The California-based company plans to harvest timber using sustainable practices and use it in packaging for products including iPhones, iPads and Apple TVs.
Related: Apple to invest in solar projects, forests

Company buys 46,000-square-foot industrial space in Leland

April 17, 2015

(Greater Wilmington Business Journal)

A company named Barn Creek LLC bought a 46,000-square-foot, bank-owned industrial building in Leland for $575,000. The warehouse has about 4,500 square feet of office space and sits on about 3 acres. The buyer's plans for the property are unknown.

Southeastern Health gets grant for medical training center

April 16, 2015

(The Fayetteville Observer)

Southeastern Health received a $500,000 grant from the Golden LEAF Foundation that will allow it to complete renovations to a medical-education center at its Lumberton hospital. Southeastern has raised a total of $1.6 million for the renovations, which are expected to be complete by July.

Investigation continues in Smith Advertising case

April 14, 2015

(The Fayetteville Observer)

Nearly a year after they were arrested and charged with wire fraud in a federal court in Florida, Gary Smith and his son Todd have yet to face trial. The duo, who owned the former Smith Advertising and Associates in Fayetteville, are accused of running a Ponzi scheme that bilked investors out of $55 million (Cover Story, December 2013).

New chancellor chosen for UNC Wilmington

April 13, 2015

(Greater Wilmington Business Journal)

The UNC Board of Governors named Jose "Zito" Sartarelli chancellor of UNC Wimington. A native of Brazil, Sartarelli spent 30 years working in the pharmaceutical industry and has been dean of West Virginia University's business school since 2010.

Carteret County's oldest restaurant is for sale

April 13, 2015

(Cateret County News-Times)

The owners of Capt. Bill's Restaurant have decided not to open for the summer season and have listed the business, which first opened in 1938, for sale. John and Diane Poag have owned the waterfront restaurant since 1982 and are retiring.

NewBridge names regional real-estate chief

April 10, 2015

(StarNews, Wilmington)

Greensboro-based NewBridge Bank tapped Senior Vice President Hunter Gallimore as head of commercial real estate in Wilmington and eastern North Carolina.

Wilmington's PPD forms joint venture with Japanese company

April 9, 2015

(Greater Wilmington Business Journal)

Pharmaceutical Product Development announced a joint venture with Japan-based Shin Nippon Biomedical Laboratories to provide clinical-development services in Japan. The new company, which will have three offices in Japan, will be majority-owned by Wilmington-based PPD.

UNC governors could name UNCW chancellor this week

April 9, 2015

(Greater Wilmington Business Journal)

The UNC Board of Governors is expected to announce its candidate for UNC Wilmington's new chancellor on Friday. Former Chancellor Gary Miller resigned last summer to lead the University of Wisconsin-Green Bay.

Wilmington's Lumina Station sells for $14.5M

April 8, 2015

(Greater Wilmington Business Journal)

A Myrtle Beach, S.C.-based REIT has acquired Lumina Station, a 68,794-square-foot office and retail center in Wilmington, for more than $14.5 million. Burroughs & Chapin's portfolio includes entertainment complexes Broadway at the Beach in Myrtle Beach and Barefoot Landing in North Myrtle Beach.

Utility changes would cost Fayetteville $1.6M

April 3, 2015

(Fayetteville Observer)

Fayetteville City Manager Ted Voorhees said Thursday that proposed changes to the town's Public Works Commission would mean a $1.6 million shortfall next year. In response, Voorhees instituted a hiring freeze and requested plans for cuts of up to 10%.

Vidant announces new CEO

April 2, 2015

(The Daily Reflector, Greenville)

Vidant Health on Wednesday named Michael Waldrum CEO. Waldrum was most recently president and CEO of the University of Arizona Health Network. He replaces David Herman, who resigned in October and now leads Essentia Health in Duluth, Minn. Greenville-based Vidant employs 12,000 people and operates eight hospitals in eastern N.C.

International Paper to invest $135M in NC plant, layoffs to follow

April 1, 2015

(StarNews, Wilmington)

International Paper plans to invest $135 million in its Columbus County plant, but the upgrades will result in the loss of an unspecified number of jobs. The conversion, expected to be completed by mid-2016, will allow the mill to move to 100% production of fluff pulp that is used in products including baby diapers. The company employs 740 people at the plant.