Columbus
Triangle Business Journal
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>
Window maker from NYC picks Selma for 500-job factory
A door and window manufacturer based in New York is set to build a new manufacturing plant in Johnston County that will create hundreds of jobs. Crystal Window & Door Systems, based in Queens in New York City, is investing $96 million to create a window...
BizSpotlight: Morris & Ritchie Associates, Inc.
May 1st marks the 45th anniversary of the founding of the professional services firm, Morris & Ritchie Associates, Inc. (MRA). The company, started by Richard Morris and M. Kirk Ritchie in Bel Air, Maryland as a two-man civil engineering and surveying...
BizSpotlight: Crescent Private Wealth
CARY, NC—MAY 2nd, 2024—Crescent Private Wealth (“Crescent”), a wealth management firm based in Cary, North Carolina, founded by Ahmad Quqa, MBA, AAMS™, has announced the launch of its independent journey. This move is supported by RFG Advisory...
Small-business grants you can apply for this month
Small-business owners are optimistic about their growth prospects as we move toward the midpoint of 2024. <\p> According to a recent WalletHub survey of business owners, more than 60% of small-business owners believe now is a good time to grow. That's despite 64% who believe inflation won’t be coming down soon, and 60% who say their business is in need of financing more than it was a year ago. <\p>
BizSpotlight: Cumberland Trust
NASHVILLE, TENN – Cumberland Trust, a Nashville-based independent trust company, announces Alyssa Mediate as Business Development Officer based in Knoxville, Tennessee. In this role, Mediate will work with Heather Savage, Senior Vice President and...
BizSpotlight: Heirloom Advisors
Raleigh, NC – April 26, 2024 – Heirloom Advisors, a leading provider of wealth management services, is proud to announce that two of its top advisors have been recognized on the prestigious Forbes list of top wealth advisors. This recognition...
What an evolving retail landscape means for America's downtowns
The challenges facing America's downtowns are frequently linked to the staggering amount of empty office space sitting in towers. But another important segment of the downtown revitalization conversation is how to fill a growing amount of vacant retail space in cities across the country.<\p> Once the core shopping hubs of cities and metro areas, downtowns for many retailers have lost favor to more suburban locations, even predating the Covid-19 pandemic, thanks to population and demographic patterns. Even the suburban retail story has faced challenges, though, with U.S. malls posting an average vacancy rate of 8.7% in 2023 — the highest of any retail property type tracked by Jones Lang LaSalle Inc. (NYSE: JLL).<\p>
Cary investors pay $8.5M for private preschool in ritzy community
A private preschool in an upscale community in Chatham County has sold to local investors for millions of dollars.<\p> Cary-based LLC Nextidea, which is tied to married couple Gaurav and Anna Sharma, purchased the Primrose School of Chapel Hill at Briar Chapel at 81 Falling Springs Drive for $5 million, according to Chatham County deed records filed Monday. The school sits on a nearly 2-acre parcel. The seller, Pittsboro-based Mart Enterprises, purchased the land in 2015 for a little under $600,000 and opened the school the following year. Gaurav Sharma said in addition to buying the real estate, the couple bought the business, making the total deal size more than $8.5 million.<\p>
Country club waitlists are surging. What about initiation fees?
Country clubs that made it through the leaner years of the Great Recession and the turmoil of the Covid-19 pandemic are expected to see blue skies in 2024 and beyond — and that means waitlists at well-situated clubs will likely remain robust. <\p> Right now, indicators are showing clubs are largely in the driver's seat in 2024 with increased demand and limited supply, according to Chris Davis, a director at Club Benchmarking, which uses club data and evaluations to help them plan for their capital needs.<\p>
Future unclear for Durham golf course following sale
Changes could be coming to a semi-private golf course in Durham that's now under new ownership.<\p> Deed records show The Crossings Golf Club recently sold for $4.25 million to New Jersey-based Advanced Precision Management, a multifamily property owner and operator.<\p>
These are America's wealthiest colleges and universities
Endowments at the 100 wealthiest colleges in America fell by an average of 3.3% between 2021 and 2022, but they rose an average of 35% since 2019. <\p> That’s according to a recent Business Journals analysis of data from the U.S. Department of Education.<\p>
Raleigh chefs, restaurants nominated for coveted James Beard Awards
The James Beard Foundation has announced its 2024 round of award nominees for best chefs and restaurants in the country, and once again multiple Triangle chefs and establishments are on the list of semifinalists. <\p> Preeti Waas, owner of Cheeni Indian Food Emporium in Raleigh, is nominated for the category of Best Chef: Southeast. Waas was a semifinalist for the category last year. Her first restaurant, in North Raleigh, opened in 2022. She recently expanded with a second location in Downtown Durham. <\p>
$500M Durham development progresses with new towers for housing, office, retail and lab space
A huge development is set to revive a longtime retail center bordering Downtown Durham with luxury housing, creative office and lab space plus retail and restaurants.
TBJ Plus: New business ventures break records; Chilling milestone for the U.S; National Cheeseburger Day deals
Entrepreneurs in North Carolina are starting businesses at a record pace, with more than 16,000 new business filings in August alone. TBJ Plus: Big crowd for Peloton star; Another Downtown Raleigh blow. TBJ Plus: New life for former Raleigh Kroger; Will NC casinos happen?
Triangle Business Journal
5K+
Posts
2M+
Views
The Raleigh region's source for local business news, breaking news alerts, newsletters, business intelligence and local business networking. An American City Business Journals publication.
Welcome to NewsBreak, an open platform where diverse perspectives converge. Most of our content comes from established publications and journalists, as well as from our extensive network of tens of thousands of creators who contribute to our platform. We empower individuals to share insightful viewpoints through short posts and comments. It’s essential to note our commitment to transparency: our Terms of Use acknowledge that our services may not always be error-free, and our Community Standards emphasize our discretion in enforcing policies. We strive to foster a dynamic environment for free expression and robust discourse through safety guardrails of human and AI moderation. Join us in shaping the news narrative together.