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Triangle Business Journal
Who's behind $9 million land deal in Chatham County
A hot North Carolina county has attracted an investment from a West Coast buyer focused on residential real estate. An LLC tied to Tempe, Arizona-based real estate developer Coronado West purchased roughly 160 vacant acres north of Pittsboro off Old...
Why a Triangle public company expects big revenue gains in 2024
More than three years after the commercial launch of its lead product, a public company in Research Triangle Park is nearing profitability. Following a better than expected first quarter, BioCryst Pharmaceuticals (Nasdaq: BCRX) has increased its revenue...
Chatham town wants to accelerate growth — it needs state permission
A fast-growing town in Chatham County is asking the North Carolina General Assembly to add its name to a long list of municipalities exempt from a state statute that hinders how it can grow. State Rep. Robert Reives, the House Democratic Leader who...
Job postings are sliding overall, but not for these high-demand roles
At a time when job postings have declined 28% from a pandemic-era high in 2021, certain positions — including multiple skilled trades — are in high demand. That’s according to recently released data from global job-search engine Indeed. Indeed's...
Former Duke superstar Zion Williamson wins again — in court
Former Duke University basketball phenom Zion Williamson has scored another court victory, this time in the Fourth Circuit Court of Appeals. Williamson, now with the New Orleans Pelicans of the NBA, filed a lawsuit in 2019 against Prime Sports Marketing...
In Lindberg do-over trial, jury instructions hint at what to expect
As former Durham entrepreneur Greg Lindberg’s do-over trial gets ready to commence in Charlotte this week, attorneys are clearly wary of what happened last time — an overturned jury conviction. The appeal in the last case came down to jury instructions,...
Fujifilm gives Triangle life sciences space needed boost
This article is from Triangle Business Journal's SPACE quarterly publication for Q2 2024. The April announcement that Fujifilm Diosynth Biotechnologies will be investing $1.2 billion in the expansion of its already huge building project in Holly Springs...
BizSpotlight: Intracoastal Realty
Overlook at River Place offers one and two-bedroom condominium residences with unparalleled amenities and luxury features while putting you in the heart of Downtown Wilmington. Walk to upscale restaurants and trendy boutiques, or catch a theatre production...
New sandwich shop opens in Raleigh
A new sandwich spot is opening in Raleigh. The Brooklyn Pickle, a New York concept known for its overstuffed sandwiches, is coming in the Marketplace at Lake Boone off Lake Boone Trail near UNC Rex Hospital and is owned by Jane and Peter Kim. The spot...
Land for new grocery store in JoCo nets millions
An international grocery chain has taken a big step toward opening a new store in a booming Johnston County town. German grocery giant Aldi purchased a little more than 2.5 acres at the southwest corner of the intersection of U.S. Highway 70 Business...
BizSpotlight: Blue Water Spa
In honor of Earth Day 2024, Blue Water Medical Spa (BWS), the leading medical spa in North Carolina, celebrates its partnership with 1% for The Planet ® and its green initiative with Trees for the Future (TREES). These environmental efforts highlight...
Iconic Raleigh Holiday Inn to survive — for now
The Holiday Inn hotel in Downtown Raleigh won't be demolished anytime soon, with its new owners set to evaluate options later this year. In November 2021, Tidal Real Estate Partners purchased the lot at 300 Hillsborough St., and the neighboring parking...
BizSpotlight: Blue Water Spa
Blue Water Medical Spa (BWS), the leading medical spa in North Carolina, has been named “the ultimate medical spa experience” in its feature on WRAL.com. In the story, WRAL, the largest television station in the Triangle, recognized BWS for its...
Global firm picks Triangle over Boston, Philly for 170 jobs
A European life sciences company is establishing operations in Morrisville with plans to fill more than 100 positions. Solvias is building out a 50,000-square-foot facility that will expand its analytical testing services for companies developing cell...
Vendor behind RDU's La Farm Bakery being squeezed out, lawsuit claims
The airport vendors that brought La Farm Bakery to Raleigh-Durham International Airport are taking their behind-the-scenes fight to the courtroom. MCS Burbank is suing MERA USA and the Raleigh-Durham Airport Authority, claiming it was pushed out of...
Target, Harris Teeter expand across Triangle market
This article is from Triangle Business Journal's SPACE quarterly publication for Q2 2024. After most big, new retail development was put on hold by the pandemic, investor and retailer interest in the Triangle is perking back up as consumer spending...
North Raleigh flagged for gated community with $3 million homes
A new gated community with custom homes starting at $3 million is coming to the edge of Falls Lake in North Raleigh. Developer Arcadia Real Estate Advisors has planned a 28-home community along Pleasant Union Church Road on the southern edge of Falls...
Wilson property nets millions from South Carolina trucking company
A trucking company based in South Carolina has bought more than 20 acres in an eastern North Carolina city — indicating the company may expand its operations into North Carolina. An LLC tied to ARD Trucking, headquartered in Timmonsville near Florence,...
Triangle warehouse vacancy rises after intense construction activity
This article is from Triangle Business Journal's SPACE quarterly publication for Q2 2024. Following three years of unparalleled demand – and three years of unparalleled construction activity in the Triangle’s industrial market – market indicators...
Massive $3 billion Apex development moves closer to breaking ground
A massive master-planned community in Apex is getting ready to break ground.<\p> RXR, the New York developers behind Veridea, a $3 billion mixed-use development, will start site and infrastructure work this fall with plans to go vertical with the first buildings in early 2025. But plans for phase one have changed slightly as the developer adjusts to the shifting commercial real estate market. <\p>
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