Newsroom
A tale of two markets: New Sotheby’s BIC is industry leader at 35
Lake price points higher,but it takes longer to sell. By Dave Yochum. The new Managing Broker at Sotheby’s in Cornelius grew up in modest circumstances in Elkin. An industry leader, he gets his work ethic from his father, a truck driver who still puts in 40 hours a week at the age of 71. Jason […]
Bob Branch heads up Aquesta loan production office in Raleigh
Aquesta Bank has hired Bob Branch as its Raleigh market president. Aquesta entered the market in January of 2018 with the hiring of commercial relationship banker Cynthia Nation. A graduate of the University of North Carolina at Chapel Hill, Branch has more than 35 years of experience in the industry. He most recently served as Senior […]
Public meetings remain before path for Hwy. 73 is finalized
By Dave Vieser. Development along Hwy. 73 near Beatties Ford Road is stuck in the slow lane awaiting a decision on the preferred path for widening the key east-west connector. The road—much of it two lanes—supports commerce and commuters from Lincolnton to Huntersville to Concord and points east. The NCDOT and local towns have talked […]
New director of Concord Downtown has ‘passion for economic development’
Johnson Y. Bray, who is currently the planning director in Troy, says he was quickly impressed by downtown Concord. “It immediately felt like a place that I could call home,” the new executive director of Concord Downtown Development said. “The City and CDDC have approached economic development in a way that has not only improved downtown […]
Home prices continue their upward climb in Charlotte
July 10. By Dave Yochum. Home-price gains moderated just a little in April, a sign that the hot, hot market for mid-priced homes may be one-word hot, thanks (or no thanks) to rising mortgage rates.A new Case-Shiller report says Charlotte home prices rose .8 percent April over March, vs. 1 percent March over February. […]
Behind bars: Distiller doubles 2017 output
July 9. By Dave Yochum. Southern Grace Distilleries in Mt. Pleasant is adding a second shift to handle the increasing demand for the award-winning Bourbon it distills in an old state prison. And half-way through 2018, Southern Grace revenue this year has already surpassed all of 2017, says Leanne Powell, CEO of Southern Grace. The […]
Aquesta Financial sells insurance unit
July 2. NFP, one of the nation’s largest insurance brokers, has acquired Aquesta Insurance Services. It is estimated the sale will result in an after tax gain to Aquesta’s parent company, Cornelius-based Aquesta Financial Holdings, of approximately $1.7 million or 43.1 cents per share. NFP will continue to operate from the current Aquesta Insurance locations, […]
Newsmakers Breakfast July 11 taps into business side of beer
Lake Norman’s economic developer in chief, along with two beer industry leaders, will be the Newsmakers Breakfast speakers July11 at The Peninsula Club. Joining LKN economic developer Ryan McDaniels are Andrew Durstewitz, founder of D9 Brewing Co.and Ray Hutchinson, Head Brewmaster at 11 Lakes Brewing. Both craft breweries are located in Cornelius. Craft breweries are […]
LKN Chamber Expo moving from Davidson to Huntersville
Huntersville Mayor John Aneralla says he is excited to have the Lake Norman Chamber Expo come to the new Huntersville Recreation Center in November. A mainstay of spring, the Lake Norman Chamber Business Expo is moving from Davidson College to the $6 million facility in Huntersville Oct. 11, as first reported by Business Today back […]
BB&T Leadership Institute: $35 million facility is a jewel in world of corporate retreats
June 21. When it comes to offsite corporate retreats, places like the stately Graylyn Conference Center have some new competition. The BB&T Leadership Institute officially opened its new 60,000-square-foot campus in Greensboro. The $35 million campus has “immersive spaces” for learning, as well as 48 individual guest rooms, a “tree house” meeting room, dining and […]
