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Charlotte Business Journal
Vintage store lands at Camp North End
Thrift Pony is on the move. The Charlotte-based secondhand and vintage shop is relocating to Camp North End from Plaza Midwood. <\p> It will operate an expanded, 2,700-square-foot space at 1824 Statesville Ave., Unit 103, in Camp North End’s Boileryard District. <\p>
Office leasing sees resurgence
Despite continued uncertainty in the office sector, leasing is gaining momentum — and is expected to begin impacting the vacancy rate soon.<\p> Chris Schaaf, JLL executive managing director, brokerage co-lead, said that across the three largest commercial real estate firms operating in Charlotte — JLL, CBRE and Cushman & Wakefield — revenue is up. Office, in particular, is leading all sectors year to date, he said.<\p>
Honeywell strikes $2B deal
Honeywell International Inc. has reached an agreement to acquire CAES Systems Holdings from private equity firm Advent International for roughly $1.9 billion in a bid to bolster its defense business.<\p> Charlotte-based Honeywell (NASDAQ: HON) announced the deal last week. The all-cash transaction is expected to close in the second half of this year, pending regulatory approval and other conditions.<\p>
Fast-growing restaurant chain targets Charlotte
A fast-casual restaurant chain built around chicken is setting its sights on Charlotte for future expansion. <\p> Kansas chain Chick N Max wants to put eight to 10 restaurants in the Charlotte market as part of a larger expansion plan to grow its presence in the Southeast. That could create as many as 250 jobs in the local metro area, it says in a news release.<\p>
Is Charlotte's home shortage easing?
Local homeowners appear more willing to move, bringing some relief to Charlotte's persistent inventory shortage. <\p> New home listings across the 16-county Charlotte region posted a double-digit jump for the second straight month in May, recently released data from Canopy Realtor Association shows. That, in turn, helped local inventory levels pick up both over the year and month.<\p>
$80M-plus portfolio hits the market
MV2 Investments is marketing several of its Charlotte-area properties for sale, most of which are in Mooresville. The portfolio includes marquee downtown apartment projects Mill One and Station Two22, along with several development sites.<\p> A listing for the portfolio shows the asking price for all of the properties is $83.7 million combined. In total, the portfolio includes 172 existing apartments between Mill One and Station Two22. There is over 40,000 square feet of retail space across those two projects as well. The portfolio includes three multifamily development sites in Mooresville that are approved for up to 220 new apartments. It also includes two more Mooresville development sites for office/medical and self storage uses, respectively. A Cornelius light industrial site is part of MV2's listing too. <\p>
PHOTOS: Distillery transforms historic mill
Muddy River Distillery is looking toward the future with its $4 million Mount Holly home. It has transformed the historic Mount Holly Cotton Mill into an all-encompassing venue spanning nearly 5 acres.<\p> A grand opening was held on June 22. It is located at 250 N. Main St. in Mount Holly.<\p>
The Playbook: The disconnect on vacation is getting better
Editor's Note: Welcome to The Playbook Edition, a look at stories, trends and changes that could affect your business and career. Want more stories like this in your inbox? Sign up for The Playbook newsletter. <\p> While many organizations have embraced hybrid work, there’s a chance it may not be the best option for certain groups of workers. <\p>
The Pearl lands major partnership
IRCAD North America has landed another major partnership at The Pearl innovation district.<\p> Kalamazoo, Michigan-based Stryker, a medical technologies company, will join Atrium Health affiliate IRCAD at the Wake Forest University School of Medicine Charlotte and innovation district when it opens next summer. IRCAD, a France-based surgical training center, will be headquartered on the campus.<\p>
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