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Triangle Business Journal
Real Estate Leads - Collected week of May 3, 2024
Building Permits Identify the individuals and developers securing the largest commercial and residential building permits in the area, with details on the date, location, dollar value and parties involved. -Commercial Mortgages Permittype: C, Contractor:...
Court Records - Collected week of May 3, 2024
Judgments Legal judgments filed or recorded in local county offices. -Lawsuits Extended Business or Person: B, Plaintiff: Craig Anderson/Sarah Anderson, Defendant: Blue Fawn Builders LLC, Defaddr: 102 Mintawood Ct., Defcity: Cary, Defstate: NC, Defzip:...
New Business Leads - Collected week of May 3, 2024
New Businesses New business licenses and corporate formations. -Assumed Names Company: Bullock's Garage, Address: 112 W. Horton St., City: Zebulon, State: NC, Zip: 27597, Type: auto repair, Sic: 75, Recdate: 2024-04-25, Jurisdiction: Wake County Company:...
In reversal, Triangle's apartment supply now outweighs demand
The Triangle’s apartment supply is starting to outweigh demand amid a flood of new construction in recent years, resulting in rising vacancy rates across the region. Until recently, there were so many people moving to the region — in 2023, about...
Massive wind turbines that will power Google head to North Carolina
One by one, 242-foot-long wind turbine blades are headed to eastern North Carolina where they’ll be powering Google next year. The blades are starting to arrive at the Port of Morehead City, where they’re put on trucks. Cargo ships carrying the...
Triangle's growth exacerbates systemic problems in health care
The Triangle may be home to nationally recognized hospitals and large physicians groups, but there are a multitude of challenges facing the region's health care sector that need to be addressed. The health care sector is as chaotic as it has ever been,...
NC city needs $50M in state funds for clean water. Others could follow
The City of Fayetteville wants $50 million from the North Carolina legislature to battle "forever chemicals" in its water supply. And it's likely that other towns and cities in the state will soon be making similar requests. State Sen. Val Applewhite,...
Best states in the U.S. — apparently not North Carolina
The Triangle and North Carolina are often hailed as great places to live with booming economies and a high quality of life. But a new ranking puts a bit of a damper on that notion. The Tar Heel state comes in at No. 19 — 19! — in the U.S. News...
Raleigh extends bonds to pay for major road projects
As major infrastructure projects come closer to reality for Raleigh commuters, bonds tied to transportation expenses are being extended to help pay the bills. The Raleigh City Council on Tuesday unanimously approved extending a set of 7-year-old bonds...
Durham public company reports earnings boost after CEO shakeup
A medical technology company in Durham says it is seeing better results following a leadership shakeup. Bioventus (Nasdaq: BVS) executives say the company is moving forward with priorities laid out by new CEO Robert Claypoole, who took over in January....
Raleigh OKs North Boylan condos, 12-story heights by Dix Park
Two separate sites in the Downtown Raleigh area are now in line for potential developments that could each top 10 stories with a mix of housing, office and retail space. On Tuesday, the Raleigh City Council unanimously voted to rezone three parcels...
200-year-old building on Carolina coast becomes boutique hotel
For Charles Cushman, upfitting a more than 200-year-old building in a coastal North Carolina city with familial ties and repurposing it into a high-end boutique hotel has been a "labor of love." That hard work will soon pay off, as Cushman, CEO of Heron...
Cary road project supports booming corridor
A $23 million project to realign and revamp a key road in a growing corridor of Cary is nearing the finish line. The work along Carpenter Fire Station Road and Morrisville Carpenter Road included the construction of a railroad bridge over the road,...
Tim Hortons eyes entrance into North Carolina market
A restaurant chain known for being loved by Canadians is eyeing North Carolina, and the Triangle specifically, for expansion. Tim Hortons, the multinational coffeehouse and restaurant chain, could soon be planning to open its first North Carolina locations....
$200M Durham development takes next steps
The $200 million redevelopment of a bottling facility in northwest Durham is moving forward. Atlanta-based Ardent Companies recently filed site plans for its redevelopment of the Durham Coca-Cola Bottling Company warehouse. The new development will...
Lawsuit: SAS tech used by major hotels to fix prices
A group of plaintiffs in California is accusing major hotel companies of using SAS technology to fix room rate prices in violation of antitrust laws. The class action lawsuit targets SAS along with major hotel operators, including Hilton Worldwide Holdings...
Raleigh hedge fund ramps up pressure on Novavax
A hedge fund based in Raleigh is ramping up its efforts to push for changes at the vaccine developer Novavax. Less than a month after calling for "an urgent shake up" of the Board of Directors of Novavax (Nasdaq: NVAX), Shah Capital is urging company...
Retailer closing hundreds of stores after bankruptcy
Welcome to The National Observer, a roundup of top business news and actionable insights from across The Business Journals. We'll take a look today at Walmart's decision to close down its health clinic business, how small businesses are rethinking real...
One of Triangle's largest hotels sold again, upgrades planned
A hotel on the edge of Research Triangle Park has been sold to a Florida investment firm after the property was given back to the lender last year. The Marriott Raleigh Durham Research Triangle Park, one of the Triangle’s largest hotels, was acquired...
Wake County unveils proposed tax rate for new budget
The soaring property values in Wake County are having a big impact on county tax rates. Wake County on Monday revealed the proposed tax rate for the 2024-25 fiscal year — a more than 20 percent cut from 65.7 cents to 51.05 cents per $100 of valuation....
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