Business
Bukowski departs Cabarrus EDC for Charlotte Regional Partnership
By Dave Vieser. Margie Bukowski, formerly senior vice president for economic development at the Cabarrus Economic Development Corporation, is the new director of business development services at the Charlotte Regional Partnership. “Margie did a great job for us and really helped get our economic development efforts back on track,” said Cabarrus Chamber CEO Patrick Coughlin. Bukowski […]
Point counterpoint: I-77 toll lanes
By Kurt Naas. Now that local governments and businesses have lined up against the I-77 toll lanes, the North Carolina Department of Transportation (NCDOT) has been offering up three more rationales why they must move forward with this project. First, we’ve been told it’s “tolls or nothing for 20 years.” That may have been true in […]
Aquesta names city executive for Concord
Aquesta Bank has recruited commercial banker Michelle Riley from Bank of North Carolina to be the Concord City Executive for the Cornelius-based bank. “It’s a very attractive market; there are quite a few businesses that are looking to expand there,” said Aquesta CEO Jim Engel. “This [a commercial loan production effort] is a very practical […]
CMBS delinquency rates keep falling
By John Rehkop. After several years of stagnant growth, the commercial mortgage backed security (CMBS) market continues to pick up steam as a rise in new loan issuance is causing delinquency rates for commercial loans to fall, both locally and nationally, according to commercial real estate research firm Trepp, LLC. In the Charlotte metropolitan area, balance […]
Burn Boot Camp is bulking up with franchise, corporate stores
By Rachel Daniels. Burn Boot Camp is flexing its muscle, less than three years after it started in an empty parking lot. Entrepreneur Devan Kline is already up to eight North Carolina locations and 1,700 clients. Twelve more units, franchises and company-owned, will open by 2016 throughout the Southeast and New York. He’s changing the world […]
Review of Marketing the Moon
Marketing and PR experts David Meerman Scott and Richard Jurek’s beautifully produced case history of the selling of America’s Apollo space program is an anecdotal guide to promoting an industry. Scientist Wernher von Braun, a major figure behind Apollo, said, “Without public relations…we would have been unable to do it.” This is a coffee table […]
Home prices strengthen; what a difference a view makes
High-end home prices in Denver are benefitting from “much-improved highway access to Charlotte. “The Denver area with it’s newly widened highway and improving amenities has posted five straight quarters that exceeded the comparable prior-year quarter,” says Reed Jackson, managing partner of Ivester-Jackson Distinctive Properties in Cornelius. A major change in this year’s luxury home sales […]
LKN businesses en route to Raleigh with 300 no-toll signatures
June 30. Lake Norman power hitters like Chamber Chair Mike Russell, commercial real estate broker Tom McMahon, former Chamber Chair John Hettwer, racing executive Greg Wallace and bankers Tom Dutton and Jim Engel are on their way to Raleigh to express profound and deep-rooted opposition to the NCDOT plan to widen I-77 with toll lanes […]
LKN business leaders bus to Raleigh Tuesday to oppose toll plan
June 29. Lake Norman-area business leaders, ranging from bankers and racing executives to commercial real estate brokers and manufacturers, will travel by bus to the North Carolina State Capitol tomorrow to visibly join the fight against the public-private partnership that would widen I-77 with toll lanes. “I intend to call out that the NCDOT has […]
CommunityOne completes Certus acquisition in Lenoir
June 28. CommunityOne Bank has completed its purchase of the Lenoir Branch of CertusBank. As part of this transaction, the bank assumed the customer deposits from both the Lenoir and Granite Falls branches of the troubled bank. The purchase expands CommunityOne’s network to 12 branches in the Caldwell and Catawba areas. It is the second […]
