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News releases from Triangle Business Journal
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Cary will play host to first-ever MLB Draft combine this summer
January 26, 2021
Some of the top prospects for Major League Baseball will showcase their skills in Cary this summer.
Tags
Major League Baseball
Sports Business
From
Business Journals
TBJ Plus: Raleigh among top new home markets in US; NC product makes NFL history; Good news on Covid vaccine
January 25, 2021
Raleigh is among best the new home markets in the U.S.; positive Covid-19 Moderna vaccine news; there is a new Carolina Hurricanes game schedule.
Tags
Sports Business
Moderna Inc/
Ron Rivera
From
Business Journals
TBJ Plus: Raleigh's Krispy Kreme run is on; Charlotte's Trump bump; Bernie – and his mittens – love Pinehurst
January 22, 2021
One of Raleigh’s most fun events will continue this year, although in a new format. And one thing that well for Donald Trump in 2020 – his Charlotte golf course.
Tags
Carolina North State University
Career & Workplace
Insurance
From
Business Journals
Highwoods buys out partner to take hold of $184 million Raleigh office park
January 22, 2021
The 5-building office park in north Raleigh has 636,000 square feet of space and is currently valued at $184.5 million.
Tags
Construction
Crane Watch All Markets
CRE Developers
From
Business Journals
If big business wants to help, here's a noble opportunity
January 21, 2021
Pandemic is tough – but much tougher for smaller businesses. But there's a way out of this as vaccines slowly make it into our communities.
Tags
JPMorgan Chase Bank
Brian Moynihan
Sougata Mukherjee
From
Business Journals
Judge sides with former Duke phenom Zion Williamson in lawsuit against marketing agency
January 20, 2021
A federal judge in North Carolina has sided with former Duke basketball phenom and current NBA star Zion Williamson in his case against his former marketing agency.
Tags
Legal Services
Sports Business
Media & Marketing
From
Business Journals
TBJ Plus: Brewery taps space near RTP; Big name joins local firm; Citrix bets $2B on remote work
January 20, 2021
Brewery taps space near RTP; a big name joins Durham firm; Citrix bets $2 billion on remote work.
Tags
AgBiome
Retailing
Human Resources
From
Business Journals
After scoring Covid relief funds, Ideal Industries to close Durham facility
January 20, 2021
Nearly two years after buying Cree’s lighting business, Ideal Industries is shuttering a Durham plant.
Tags
Human Resources
Greg Lowe
Cree Inc/
From
Business Journals
Former VisionQuest employees fined $7.5K each for role in Ponzi scheme linked to Stephen Peters
January 19, 2021
The former employees cooperated with federal investigators in the case against their former boss, Stephen Peters.
Tags
Banking & Financial Services
Stephen Peters
Legal Services
From
Business Journals
For Raleigh bar owner facing crisis, more PPP loans just kick the can down the road
January 18, 2021
A fresh round of PPP loans is on the way, but the owner of multiple bars in Raleigh says it won't be enough to save his businesses.
Tags
Coronavirus
Larry Barbour
Food & Lifestyle
From
Business Journals
Investors bet another million on Durham food startup with UNC roots
January 15, 2021
Durham flash-frozen produce startup Seal the Seasons leveraged a pandemic to raise nearly $1.4 million.
Tags
Food & Lifestyle
Retailing & Restaurants
From
Business Journals
TBJ Plus: 'Crazy' interest surges in NC beaches; Iconic RTP site demolished; Durham mall to be transformed
January 15, 2021
If you're starting to dream about a trip to the North Carolina beaches this summer, you may want to jump on it.
Tags
Neal Fowler
Liquidia Technologies, Inc/
Media & Marketing
From
Business Journals
With full PPP launch date looming, Raleigh-Durham banks already taking loan applications
January 14, 2021
The portal for PPP loan applications doesn't open for all lenders until Tuesday, but some local banks are already accepting applications to get a head start.
Tags
U/S/ Small Business Administration
Dogwood State Bank
TowneBank
From
Business Journals
PPP rules for sole proprietors, others need a rework
January 14, 2021
In raw numbers, sole proprietors and independent contractors easily make up the largest block of businesses in this country.
Tags
Banking & Financial Services
Government & Regulations
Coronavirus
From
Business Journals
TBJ Plus: Triangle hospitals' Covid status; Apple boosts Shaw, St. Aug's; Pharma startup expands to Raleigh
January 13, 2021
The latest Covid-19 tracking numbers for Triangle hospitals; a pharma startup expands to Raleigh; the Carolina Hurricanes are set to drop puck Thursday.
Tags
Sports Business
Technology
Metronet Inc
From
Business Journals
Oil exec sells Miami Beach mansion with floor-to-ceiling-glass rooms for $17M (Photos)
January 13, 2021
The home has eight bedrooms, nine bathrooms, an infinity-edge pool, a dock and an expansive balcony.
Tags
Residential Real Estate
Oren Alexander
Gerardo Pantin Shortt
From
Business Journals
Malik reels in equity investors for Carolina Courage – targets $5M raise
January 13, 2021
Downtown South isn't the only think Steve Malik is focused on these days.
Tags
Steve Malik
Sports Business
Kane Realty Corp/
From
Business Journals
Pinehurst unlikely to land 2022 PGA Championship after officials drop Trump course
January 12, 2021
The stunning move by the PGA of America to pull the 2022 PGA Championship from a club owned by President Donald Trump is not likely to mean the event will land in Pinehurst.
Tags
Sports Business
The PGA of America
Pinehurst, LLC
From
Business Journals
TBJ Plus: Durham gets new HQ in pharma spinoff; Chapel Hill Wegmans opening date; NCFC moves to new league
January 11, 2021
New pharma spinoff to have dual HQ in Durham; North Carolina Football Club moving to new league; luxury beach home sales in Wilmington area break record.
Tags
Insurance
Steve Malik
Jamie Macdonald
From
Business Journals
TBJ Plus: Milestone for SAS leader; Trebek's 'Jeopardy' farewell; Wild West town for sale
January 08, 2021
SAS Institute founder Jim Goodnight turned 78 years old Wednesday, a milestone that's particular significant given the recent shakeup at the Cary company's C-suite.
Tickers
SAS
Tags
Jim Goodnight
Bryan Harris
Technology
From
Business Journals
Biden taps Boston mayor, longtime union leader, as his labor chief
January 07, 2021
Walsh had previously served as a labor leader and state representative in Massachusetts.
Tags
Politics
Government & Regulations
From
Business Journals
Epic's move could transform Cary — and the Triangle
January 07, 2021
Projects like these don't come often or easily.
Tags
Human Resources
Commercial Real Estate
Technology
From
Business Journals
Biotech could pick Triangle for $2 billion expansion, manufacturing facility
January 07, 2021
The Triangle region could be in line for a $2 billion project as a Japan-based company says it's planning a U.S. expansion.
Tags
FUJFILM Diosynth Biotechnologies
Health Care
Technology
From
Business Journals
SAS names new CTO in wake of Schabenberger exit
January 07, 2021
Cary analytics giant SAS Institute has named a longtime company veteran as its next chief technology officer following the departure of one of the company's top executives.
Tickers
SAS
Tags
Oliver Schabenberger
SAS
Jim Goodnight
From
Business Journals
TBJ Plus: Restaurant chain expands in Durham; New town manager for Clayton; Wolfpack QB transferring
January 06, 2021
A restaurant chain with a popular spot on the campus of Duke University is adding another location in Durham.
Tags
Human Resources
Career & Workplace
From
Business Journals
North Carolina banker Kel Landis III dies. Leaves behind legacy of business success and service.
January 05, 2021
Landis is described by friends and colleagues as a man who forever changed banking in North Carolina.
Tags
Human Resources
Kel Landis
Banking & Financial Services
From
Business Journals
Popular downtown Raleigh bar closes amid financial strain, restrictions
January 05, 2021
Raleigh entrepreneur and bar owner Zack Medford had said bad news was coming. On Monday, he delivered it.
Tags
Food & Lifestyle
Bars
Retailing
From
Business Journals
Epic Games Cary expansion could kick off banner year for Triangle, NC
January 05, 2021
News that Epic Games plans to build a massive new headquarters in Cary could be just the first big economic development headline of 2021.
Tags
Human Resources
Economic Incentives
Career & Workplace
From
Business Journals
TBJ Plus: Raleigh company's mega merger complete; Triangle law office makes big-name hire; RDU's safest airlines
January 04, 2021
Mega merger now complete; Triangle law office makes big-name hire; North Carolina has been named a top place to visit in 2021.
Tags
Allegiant Travel Company
Logistics & Transportation
Commercial Real Estate
From
Business Journals
Big shift for Cary Towne Center as Epic Games buys site for $95M for HQ campus
January 03, 2021
The future of the Cary Towne Center has shifted dramatically as Epic Games has acquired the 87-acre site with plans to build a global headquarters campus.
Tags
Stephen Porterfield
Jason Davis
Construction
From
Business Journals
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