Gladstone Commercial Corp. today said it has bought a 60,000-square-foot office building in Hickory for $10.7 million. A press release from the McLean, Va.-based company did not list the property’s location. The building has a tenant with nine years remaining on its lease ...Read More »
LMC Capital said it has changed its name to Sherman & Co. Holdings. The Charlotte-based investment banking firm said it is not changing its services, which focus on the insurance industry. But the company has changed its website. LMC Capital was founded in ...Read More »
Unemployment in the Charlotte area fell to 10.7 percent in February from 11.2 percent in January, while Mecklenburg County’s unemployment rate remained unchanged at 10.2 percent, the Employment Security Commission of North Carolina said today. Those rates are still higher than ...
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Contractors throughout the Carolinas are concerned about increases in construction costs, despite a relatively stable construction market, the Charlotte-based Carolinas Associated General Contractors said today. In its latest “Barometer” report, Carolinas AGC said that while some areas of construction — such as public ...
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Charlotte-based Forsite Development said today that it now has financing partners for a proposed plant that would burn Mecklenburg County’s garbage and convert it to energy as part of the ReVenture Park development. ReCommunity, Pegasus Capital Advisors and Hannon Armstrong Securities ...Read More »
A U.S. House bill that would prohibit the federal government from requiring contractors to use project labor agreements for some federal projects seemed to be dead earlier this year. But now the resurrected legislation is gaining momentum. After failing to ...Read More »
Duke Energy Corp. and Progress Energy today filed applications with the North Carolina Utilities Commission, asking for approval for a merger the companies announced in January. Charlotte-based Duke and Raleigh-based Progress would become the largest electric utility in the U.S. if the ...Read More »
The Central Intercollegiate Athletic Association basketball tournament set an attendance record when it was held in Charlotte last month. According to figures released today from by the Charlotte Regional Visitors Authority, the 66th annual men’s and women’s tournament had 190,000 attendees. During ...Read More »
United Methodist Agency for the Retarded will open an $175,000 independent living home in Cornelius. The facility on Zion Avenue will teach residents life skills, such as how to make a home budget and cook healthy meals, so they can be ...Read More »