Business: Local and State

May. 28, 2015 @ 05:37 PM

Developers purchase Van Alen site downtown

Nationwide developer Northwood Ravin has purchased the 6.1 acre Van Alen tract downtown, also known as the former Johnson Chrysler dealership, for $11.7 million.

May. 27, 2015 @ 06:01 PM

Cisco projects tripling of Internet traffic by 2019

Annual Internet traffic will triple between 2014 and 2019, Cisco Systems predicts in its 10th annual Visual Networking Index.

May. 25, 2015 @ 01:00 AM

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SubmittedMel Melton & The Wicked Mojos, along with John Dee Holeman, will perform at Friday�s Blues on the Plaza event at Northgate Mall. This free concert begins at 6:30 and continues until 9 p.m. Beer and food will be available. For information, call 919-286-4400 or visit

May. 24, 2015 @ 03:51 PM

Careers: SCYNEXIS appoints chief medical officer

Drug discovery and development company SCYNEXIS, Inc. has appointed David Angulo as chief medical officer, effective June 1.

May. 23, 2015 @ 03:43 PM

Kenan-Flagler study examines leadership

The importance of globally competent leaders is recognized by the vast majority of organizations, but few have a strategy to provide the training needed to compete globally, according to a study by the University of North Carolina Kenan-Flagler Business School and the Human Capital Institute.

May. 22, 2015 @ 04:46 PM

Dry cleaning site remediation ongoing

Nearly 23 years after toxic contamination was discovered at a defunct Durham dry cleaning site, remedial efforts continue to rid the area of health risks.

May. 21, 2015 @ 04:55 PM

Google launches digital inclusion project

Google Fiber, along with the Nonprofit Technology Network, has launched the Digital Inclusion Fellowship, an initiative designed to get more people online.

May. 20, 2015 @ 07:01 PM

Old Crown Park Hotel downtown set for new life

Chicago-based AJ Capital Partners has acquired the shuttered Crown Park Hotel for $7.6 million, and plans to renovate it to add another hotel to the downtown Durham portfolio. The company will begin renovations to the 150-room hotel at 600 Willard St., later this year, with plans to have it open by late 2016.

May. 19, 2015 @ 06:50 PM

Budding biotechs convene in Durham

Two out of state agricultural biotechnology companies came away with $12,500 in funding Tuesday after winning a pitch contest at the North Carolina Biotechnology Center.

May. 19, 2015 @ 08:50 AM

ACC Tournament visitor spending could exceed $16M

Durham, DBAP hope to become permanent home for ACC baseball tournament

May. 17, 2015 @ 03:26 PM

The Buzz: Hendrick opens Southpoint dealership

Hendrick Automotive Group has opened its new dealership at 127 Kentington Drive, adjacent to The Streets at Southpoint.

May. 17, 2015 @ 03:22 PM

Business briefs: NC Mutual gets rating upgrade

Insurance rating and information company A.M. Best has upgraded the financial strength rating to B(Fair) from C+ (Marginal) and the issuer credit rating (ICR) to “bb+” from “b-for Durham-based North Carolina Mutual Life Insurance Company.

May. 17, 2015 @ 03:19 PM

Career briefs: Chapel Hill physician joins Cary group

Sangeeta Varanasi, M.D., of Chapel Hill, a board-certified internal medicine physician, recently joined Cary Medical Group.

May. 16, 2015 @ 04:20 PM

FULL BLOOM: Iconic Bull City rose grower welcomes visitors

The thermometer was nearing 90 degrees Saturday but the warm weather didn’t deter area residents from coming out to Witherspoon Rose Culture’s First Bloom Festival.

May. 16, 2015 @ 03:52 PM

The Colonial Inn: What does the future hold?

After more than a decade of inactivity, The Colonial Inn may see new life after a report outlined its development potential. The Town of Hillsborough spent $8,500 on a contract with the UNC School of Government’s Development Finance Initiative (DFI) to explore the town’s options for the 176-year-old inn, currently owned by Francis Henry.