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Charlotte Business Journal
Brewery closes after three-year run
Belmont Brewhouse has served its last customers after a three-year run. The nanobrewery posted on social media that it has officially closed at 1500 River Drive, Suite 250, in Belmont.<\p> “We have made some good beers and our seltzers are the best around. But making good beer is not a guarantee of success at the cash register. We have stayed open as long as we could,” it posted on Facebook.<\p>
Dog-centric shop snags first locations here
Splash and Dash Groomerie & Boutique is set to crack into the Charlotte market next month.<\p> The full-service dog grooming and boutique retail concept opens its location in MoRA — short for the Monroe Road area — on July 16. It is at Old Post Road, Suite 103.<\p>
New South End tower in spotlight
Charlotte's newest tower was recently chosen as the country's "most intelligent office building" by a national real estate tech company.<\p> 110 East, developed by Florida-based Stiles Corp. and California-based Shorenstein Properties, earned the Commercial Real Estate Digital Innovation (Digie) award earlier this month at Realcomm IBcon's 26th annual conference in Tampa, Florida,.<\p>
Supreme Court decision marks 'seismic shift' on federal rules
Federal agency rules that target businesses and the workplace have been dealt a blow by the latest Supreme Court decision.<\p> The case, Loper Bright Enterprises v. Secretary of Commerce, was specifically focused on fees in a rule by the National Marine Fisheries Service, but ultimately targeted the four-decade framework for federal agency rulemaking known as Chevron — named after a previous Supreme Court case. <\p>
What stress test reveals about Charlotte's big banks
All 31 of the America's biggest lenders are in a strong position to weather a severe recession, as each passed the latest round of the Federal Reserve’s stress testing, the results of which were released June 26. <\p> That includes Charlotte’s three largest banks: Bank of America Corp., Truist Financial Corp. and Wells Fargo & Co. None of the three fell below their minimum required capital levels. <\p>
CEO Connections: Bringing together top executives in Charlotte
We’re back with CBJ’s second CEO Connections class comprising top executives from the worlds of business, nonprofits, public and civic organizations. Here, you’ll learn about their leadership styles, business goals and personal details. <\p> Charlotte’s dynamic business environment means change is constant. That presents opportunity and challenges. For CEOs new to the region or new to the job, it also brings an overwhelming number of demands on their time, attention and resources.<\p>
Novant fills another C-suite role
As health systems deal with cybersecurity risks and data breaches, Novant Health has hired a new C-Suite executive to navigate this digital landscape.<\p> The Winston-Salem health system appointed Sanjeev Sah as its chief information security officer. Sah is the newest member of Novant's C-Suite, which added several key hires and shuffled existing members to new roles this spring after departures and shake-ups last year. <\p>
Firm eyes growth with move from uptown
A Midwest design firm is expanding its Charlotte office footprint with a move to Camp North End.<\p> Progressive Cos., a Grand Rapids, Michigan-based firm, signed a 10-year lease with the option for five more years. The firm will occupy 16,500 square feet at Camp North End's Gama Goat Building at 1801 N. Graham St. Currently, Progressive occupies 11,500 square feet at 330 S. Tryon in uptown.<\p>
What to expect from Knights’ sale
Peter Freund is accustomed to introducing himself to new baseball markets. The Diamond Baseball Holdings CEO leads a company that has grown its portfolio to 35 minor-league baseball teams since its founding in 2021. Few opportunities have stacked up to the one Diamond Baseball now has after purchasing the Charlotte Knights.<\p> The Knights announced earlier this week that Diamond Baseball purchased the team from longtime owner Don Beaver for an undisclosed price. Freund called the Knights — and Truist Field, which is also now controlled by Diamond Baseball — the "jewel of minor-league baseball" at an introductory press conference today. <\p>
Many managers are posting fake jobs. One reason may surprise you.
Employers are turning to fake job listings as a means of boosting staff morale in the current unsettled hiring market, but those ghost postings could have consequences. <\p> That’s according to a recent Resume Builder survey, which found 40% of 649 hiring managers surveyed have posted a fake job listing in the past year. Three in 10 responded they have an active fake-job posting. <\p>
Big corporate player invests $1.2M for STEAM
Trane Technologies (NYSE: TT) has poured an additional $1.2 million into the Project Scientist STEAM program to bolster science, technology, engineering, art and math activities for young girls. <\p> The grant will be made over the next three years. It follows a $1 million investment from Trane in 2021 to support about 800 girls, ages 4 to 12, in Project Scientist’s after-school programs and summer camps. <\p>
Novant layoffs hit local employees
Novant Health is making more layoffs that will impact 90 employees in York County and another 81 workers in North Carolina. <\p> Locally, the impacted workers are employed at Novant's Indian Land Primary Care center at 6237 Carolina Commons Drive, according to a Worker Adjustment and Retraining Notification filed by Novant on June 25. The layoffs are expected to occur Aug. 25.<\p>
Developer buys historic Charlotte estate
A south Charlotte estate with historical significance sold this week to a local developer. <\p> A limited liability company tied to Levine Properties purchased the 6.45-acre property at 6501 Sardis Road, paying $4.05 million, according to Mecklenburg County real estate records. Daniel Levine, president of the Charlotte real estate firm, said in a news release today there are no set plans for the site but that he aims to "preserve the integrity of the home."<\p>
Local pizzeria racks up more acclaim
A small restaurant in Charlotte's Optimist Park neighborhood continues to build a big name for itself, most recently catching the attention of The New York Times. <\p> The newspaper this week put out a list of "22 of the Best Pizza Places in the United States," and Bird Pizzeria made the cut. <\p>
Charlotte restaurant among Hooters closures
Hooters has closed three of its North Carolina restaurants and dozens more across the country. <\p> The Atlanta-based restaurant chain known for its wings and waitstaff in low-cut tank tops has abruptly closed more than 40 poor-performing locations, according to reports. In North Carolina, it no longer lists its restaurants in Greenville, Jacksonville and uptown Charlotte on its website. <\p>
$5.7M lakefront home tops in May
A lakefront home in Cornelius topped Mecklenburg County's charts in May, carrying the highest residential price tag at $5.74 million. <\p> That home fronts Lake Norman and sits on a 0.64-acre lot on Bluff Point Road, off West Catawba Avenue. At more than 5,600 square feet, it houses four bedrooms and four-and-a-half bathrooms.<\p>
Celebrity chef's restaurant preps for opening
Bobby’s Burgers by Bobby Flay is on track to open in SouthPark within the next month.<\p> Finishing touches are being put on the 3,000-square-foot restaurant at The Towers at SouthPark, a two-building office complex at 6000 and 6100 Fairview Road.<\p>
Local lounge shutting down
A whiskey and cigar lounge in downtown Gastonia purchased last year by the owners of South End's The Vintage is closing its doors to the public.<\p> The Vintage Gastonia, at 190 W. Main Ave., will close after June 30, according to its Instagram page. The space will be available to rent for private events and photoshoots — and will open for certain community events — until further notice. <\p>
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