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Parkway Properties to buy Los Angeles company, increase footprint in Texas (access required)

Parkway Properties, the owner of about 3.3 million square feet of office space in Charlotte, including the 46-story Hearst Tower, has agreed to buy Thomas Properties Group, based on Los Angeles, the companies announced Thursday.

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Subdivision approved after developer changes proposal (access required)

A proposed 440-home residential development that was vehemently opposed by residents of two counties became a proposed 338-home residential development that was endorsed by those same residents on Wednesday night. And after protest petitions were withdrawn that would have required a supermajority vote, the Kannapolis City Council voted unanimously to approve the River Pointe at Davidson development.

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Lowe’s names senior vice president (access required)

Lowe’s Companies, Inc. (NYSE:LOW) announced today that Michael P. McDermott will join the company as senior vice president and general merchandising manager- building and maintenance, a new position. McDermott will be responsible for the Lumber & Building Materials, Millwork, Hardware & Tools and Rough Plumbing & Electrical divisions.

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SBA loan filing deadline approaching (access required)

The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes that Sept. 23 is the filing deadline for federal economic injury disaster loans available in Mecklenburg and Union counties as a result of drought between Nov. 15, 2012, and Jan. 21, 2013.

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