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Financial giant Citco to open new North American office in Charlotte (access required)

By dmc-admin
Published: August 18,2010

Incentives like tax breaks are great, said Robert Gavin, global manager of facility engineering for the financial services company Citco Fund Services. But it’s the little things – affordable housing, local colleges and universities, and proximity to other big cities – that sold Gavin and Citco North America CEO Jay Peller on Charlotte when looking [...]


Tuned out: Legendary Charlotte recording studio tries to compete as newer, cheaper studios rise (access required)

By dmc-admin
Published: August 17,2010

By Sam Boykin It’s Thursday morning and Wayne Jernigan is busy painting the doorway to Charlotte’s legendary Reflection Sound Studio. Some of music’s biggest artists have recorded at the Central Avenue studio since it opened in 1970, including R.E.M., Aerosmith, Robert Plant, James Brown, Whitney Houston and Fantasia. But after decades of being one of [...]


Upset bid kicks off Eastland Mall bidding war: Investor envisions converting site into international mall (access required)

By dmc-admin
Published: August 17,2010

By Tara Ramsey It’s essentially a bidding war between Houston-based Boxer Property and Charlotte real estate investor Dwayne Deese over the heart of Eastland Mall in Charlotte. Deese submitted an upset bid of $2.1 million Aug. 9 during the foreclosure process that Boxer President Andrew Segal said was no more than a housekeeping matter to [...]


Paying @ttention: As customers air gripes online, companies try to maintain e-harmony (access required)

By dmc-admin
Published: August 17,2010

By Caitlin Coakley It used to be that when a customer was upset with the way they had been treated by a business, they called the customer service line and lodged a formal complaint or just griped about it to friends. Now, with the prevalence of social media networks such as Twitter and Facebook, angry [...]


Federal housing aid to N.C. not enough, officials say (access required)

By dmc-admin
Published: August 17,2010

By Tara Ramsey With 40,633 foreclosures statewide and 6,726 in Mecklenburg County so far this year, the $280 million in federal assistance granted during the past month to North Carolina will undoubtedly be a blessing to those it is able to help. But while credit-counseling agencies are thankful for the aid for struggling homeowners, they [...]


Drop in per capita income doesn’t surprise some Charlotte officials (access required)

By dmc-admin
Published: August 17,2010

By Sam Boykin When news came out last week that the Charlotte metro region’s personal income per capita dropped from $39,621 to $37,372, Tom Flynn wasn’t surprised. “We lost a lot of high-paying jobs in the financial sector,” said Flynn, the city’s economic development director. “And the manufacturing base has been hit really hard in [...]


Knock, knock: Door-to-door salespeople feel less at home in Internet age (access required)

By dmc-admin
Published: August 13,2010

By Caitlin Coakley With shopping quickly becoming a one-click experience, coupled with con artists using aggressive and sometimes intimidating sales tactics when selling magazine subscriptions, sales experts say the death of the door-to-door salesman might have arrived. “The door-to-door salesman as we know it is no more,” said Tom Bartholomy, president of the Southern Piedmont/Charlotte [...]


Developers wilt over suspension of green program (access required)

By dmc-admin
Published: August 13,2010

By Sam Boykin Just as the Green Permit Rebate Program was gathering steam, Mecklenburg County in April pulled the plug on the government initiative that offered builders a rebate if they implemented certain sustainable construction features, such as solar panels and energy-efficient lighting. “It’s really unfortunate they shelved that program,” said Clifton Coble, president of [...]


Some government workers take short workweek: But city, county officials say option doesn’t suit all employees (access required)

By dmc-admin
Published: August 13,2010

By Greg Lacour Charlotte and Mecklenburg County governments, like a growing number of local governments around the country, offer flexible work schedules — such as four-day workweeks — to their employees. And like most local governments that offer them, city and county officials have found that the benefits to departments, employees and residents are genuine [...]


Crime blamed for ‘food desert’ proliferation (access required)

By dmc-admin
Published: August 13,2010

By Caitlin Coakley It’s a stark difference between the northwest Charlotte area and the upper-middle class areas south of the city. In the Pineville area, there are grocery stores on seemingly every corner: Fresh Markets, Harris Teeters, even lower-priced stores like Food Lion and Bi-Lo. But in the northwest area, the number of grocery stores [...]