Business
Land recording online in Cabarrus; demonstrations Wednesday
Feb. 10. A new service called Simplifile will bring e-recording capabilities to the Cabarrus County Register of Deeds, which logs and records some 30,000 land documents annually. Cabarrus began processing land records electronically late last year, along with other vital records, such as birth, death and marriage certificates which were already electronic. Cabarrus County Register of […]
Co-founder leaves Boatsman Gillmore Wagner, firm changes name
Feb. 9. There are some big changes at the former Boatsman Gillmore Wagner CPA firm. Dale Gillmore, a partner in the firm, has left to form a management consulting firm, Make An Impact Consulting. Meanwhile, the new name of the CPA firm is BGW CPA. BGW, which has offices in Huntersville and Charlotte, has expanded […]
Rack Room Shoes promotes pair
Feb. 6. Charlotte-based retailer Rack Room Shoes has promoted two employee within the retailer’s buying and store operations teams. Associate Buyer Laryssa Grant will assume an expanded position with buying responsibilities in men’s, women’s and children’s slippers. Additionally, the company also named Kevin Stimson as the new director of store operations and training.
Lenoir County farmer receives award from NC Sweet Potato Commission
Feb. 6. The North Carolina Sweet Potato Commission has given its highest honor to a Lenoir County farmer. It was sweet news for Kendall Hill who grew up on a family farm in Lenoir County, where sweet potatoes have always been an important crop. Each year the North Carolina SweetPotato Commission selects a member in […]
Commercial real estate loans ‘much improved’
By John Rehkop. Fundamentals for the commercial mortgage market continue to improve as the number of delinquent loans is on the decline and the banks loosen the reins on lending. According to commercial real estate research firm Trepp LLC, commercial mortgage delinquency rates in the Charlotte market have dropped for 12 consecutive months from 7.62 percent […]
SBA Office of Advocacy Releases North Carolina Small Business Profile
North Carolina is home to more than 800,000 small businesses Feb. 5. The Office of Advocacy within the Small Business Administration reports there are 833,107 small businesses in North Carolina, employing 1.6 million people. The three industries with the most small business employment include: health care and social assistance; accommodation and food services; and manufacturing […]
Private real estate investment firm announces $20 million acquisition
Feb. 5. NorthState Capital Partners led an investment group in the acquisition of a three-property student housing apartment portfolio totaling 336 beds. The properties serve students of Appalachian State University and include Highland Crossing, a 204-bed apartment community, Greenway Commons consisting of 84 beds, and Greenway Cove with 48 beds. The combined apartment units are […]
Alevo appoints Duke Energy exec to lead sales, field ops
Jan. 29. Alevo Group has appointed Jeff Gates as director of sales and field operations. Gates, an acknowledged leader in the energy industry, will head Alevo’s energy storage deployment and operations out of the company’s Concord manufacturing headquarters. In this position, Gates will be responsible for GridBank customer sales and helping strengthen Alevo’s position as […]
John Woods retiring from Peoples Bank
Jan. 23 John Woods, a well-known local banker before he became mayor of Davidson, is retiring from Peoples Bank, which has an office on Bailey Road near Highway 21. The Davidson native has been mayor since 2007, having first been elected to the town board in 1997. Woods’ office was in Cornelius.
Newton-based Carolina Trust reports 2014 net income of $7.14 million
Jan. 22 Carolina Trust Bank reported net income available to common shareholders of $5.12 million for the fourth quarter 2014 or $1.10 per diluted common share. For the year 2014, the company reported net income available to common shareholders of $6.91 million, or $1.48 per diluted common share. Net income reflects recognition of a tax […]
