Triad

Project announced for former Pilot Life campus in Greensboro

January 16, 2015

(News & Record, Greensboro)

The owner of the former Pilot Life insurance campus in Greensboro's Sedgefield neighborhood wants to partner with other developers on a mixed-use community that would blend residential and commercial projects, possibly including a hotel, at the 142-acre site. 

Winston-Salem finance committee approves loan for spec building

January 15, 2015

(Winston-Salem Journal)

Winston-Salem's finance committee approved a request for a $2.5 million loan to build a 50,000- to 60,000-square-foot speculative building at Union Cross. The Winston-Salem City Council will consider the request at its Tuesday meeting.

Olde Mecklenburg Brewery adding Triad distribution center

January 14, 2015

(News & Record, Greensboro)

Charlotte-based Olde Mecklenburg Brewery is opening a 50,000-square-foot distribution warehouse in Greensboro with a focus on expanding its customer base in the Triad.

Fresh Market CEO resigns

January 13, 2015

(News & Record, Greensboro)

Craig Carlock has resigned as president and CEO of The Fresh Market, the company announced Monday. The board of the Greensboro-based grocer named Sean Crane, executive vice president and chief operating officer, interim CEO and has retained a national search firm to find a permanent replacement. 
Related: "Behind the Checkout Counter," May 2013

Former Wells Fargo exec to lead Piedmont Triad Partnership on interim basis

January 12, 2015

(News & Record, Greensboro)

The Piedmont Triad Partnership announced organizational changes that will allow it to focus on recruiting large-scale employers such as an auto manufacturer. Stan Kelly, who recently retired as president for Wells Fargo's Carolinas region, will become interim CEO, replacing David Powell who resigned last week.

Whitaker Park developers could seek DOT financing

January 12, 2015

(Winston-Salem Journal)

Road improvements to Akron Drive in Winston-Salem could be critical to the redevelopment of the Whitaker Park manufacturing campus, which R.J. Reynolds Tobacco plans to donate to a local nonprofit that is a collaboration of Wake Forest University, Winston-Salem Business and the Winston-Salem Alliance.

Novant Health partners with West Virginia health system

January 12, 2015

(Winston-Salem Journal)

Novant Health has entered into a shared-services agreement with Morganton, W.V.-based Monongalia Health System. The Winston-Salem-based health system now has shared-services partnerships, which help smaller hospitals cut expenses by increasing purchasing power and sharing technology services, with seven hospital systems.

High Point packaging manufacturer to be acquired

January 12, 2015

(High Point Enterprise)

A High Point manufacturer founded as a box company in 1928 is being sold to New-Indy JV Corp., a joint venture between the Kraft Group and Indianapolis-based Schwarz Partners. Carolina Container employs about 250 people at locations in High Point, Archdale and Thomasville. No layoffs or plant closures are expected.

Ennis Paint receives state grant for Thomasville expansion

January 9, 2015

(Winston-Salem Journal)

Ennis Paint was awarded a $500,000 state rural infrastructure grant for a proposed expansion in Thomasville. The company plans to hire 40 workers, according to the state Commerce Department. The Thomasville-based company makes and distributes paints and other pavement marking products used on roads, highways, runways and parking lots. 

Kmart closing Greensboro distribution center

January 9, 2015

(Winston-Salem Journal)

Kmart plans to close its Greensboro distribution center in mid-April, affecting about 130 workers. Some eligible workers will be able to apply for other jobs within the company, a spokesman from  Sears Holdings, the parent company, said in a statement.

Herbalife to hold grand opening in Winston-Salem

January 9, 2015

(Winston-Salem Journal)

Herbalife will hold a grand opening of its 800,000-square-foot, $130 million plant in Winston-Salem on Jan. 16. The Los Angeles-based company, which makes nutritional supplements, currently employs 330 full-time workers at the plant.

Reynolds donates property to local economic-development group

January 8, 2015

(Winston-Salem Journal)

R.J. Reynolds Tobacco Co. plans to donate its Whitaker Park cigarette-manufacturing plant – which has been idle since 2010 – to a local, nonprofit redevelopment group that includes Wake Forest University. The Whitaker Park Development Authority has commissioned a study by the Urban Land Institute to determine the best use for the property.

Burlington approves rezoning request for airport expansion

January 8, 2015

(The Times-News, Burlington)

The Burlington City Council approved a rezoning request that will allow Burlington-Alamance Regional Airport to build additional hangars and other structures. 

Randolph County looks at buying land for megasite

January 7, 2015

(News & Record, Greensboro)

Randolph County is considering spending $4.2 million for 258 acres that would make up part of a 1,200-acre megasite, which it hopes could help lure an auto manufacturer to the state. County commissioners will hold a public hearing on Feb. 2 to discuss the proposal.

Greensboro gaining large spec industrial building

January 7, 2015

McConnell Center Two LLC, a joint venture between Greensboro developer Pete Goria and Richardson Properties LLC, plans to build a 300,000-square-foot speculative building in east Greensboro.

Developer to present plan for Greensboro's Friendly and Hobbs site

January 6, 2015

(News & Record, Greensboro)

Despite neighborhood protests, Greensboro city planners recommended rezoning a 6.77-acre tract from residential to retail to accommodate an Atlanta developer's proposal to build a grocery store and other retail shops. Halpern Development will present its plans at a public meeting Tuesday night.

Qorvo shares climb 2% on first day of trading

January 5, 2015

(News & Record, Greensboro)

Shares of microchip-maker Qorvo closed at $70.40 on Friday, up 2% from an opening price of $69. The company was formed when Greensboro-based RF Micro Devices acquired Hillsboro, Ore.-based TriQuint Semiconductor in a $1.56 billion deal. The company plans to maintain dual headquarters. 

Biscuitville continues rebranding with new exterior look

January 5, 2015

(The Salisbury Post)

Greensboro-based Biscuitville has begun exterior renovations of its 54 restaurants. The company plans to spend $10 million in 2015 to transform the restaurant's country-themed appearance in a more modern one. The company also rolled out a new lunch menu in 2014, partnering with regional companies including Mount Olive Pickle and Greensboro-based Chandler Foods BBQ. 

RF Micro, TriQuint complete merger

January 2, 2015

(Winston-Salem Journal)

Greensboro-based RF Micro Devices and Oregon-based TriQuint Semiconductor completed their merger of equals on Jan. 1, and shares of the new combined company – named Qorvo Inc. – were expected to begin trading on the Nasdaq on Friday.

Krispy Kreme co-founder Rudolph dies

January 2, 2015

(Winston-Salem Journal)

Lewis Rudolph, who co-founded Krispy Kreme Doughnuts with his brother Vernon in 1937, died Sunday in Nashville, Tenn. He was 95. Rudolph was a former vice-president of the Winston-Salem doughnut-maker and remained involved with the company until he retired in 1985.