Following a foreclosure on the six-story South Court building, the property sold in April to a New York investment management firm for $12.8 million.
A lender to the previous owner moved to foreclose on the property in November after the owner defaulted on a $14.55 million loan, according to Durham County property records.
The loan was originally made in 2003 by Column Financial Inc., a company of Credit Suisse.
Quintiles has completed its acquisition of Encore Health Resources, the company announced on Tuesday.
The Durham-Chapel Hill metro area added 5,900 jobs year-over-year in May, with the largest gains made in the leisure and hospitality sector.
Datrose Industries Inc. is laying off 167 people in Durham, according to a notice sent to the N.C. Department of Commerce.
Bayer CropScience, a maker of crop pesticides and genetic traits to improve soybean, corn and other crop seeds, is building a new, $29.6 million greenhouse at its Research Triangle Park campus.
The Associated Press announced Monday that it plans to use technology from a Durham-based start-up to automate the process of writing stories about the quarterly financial results of U.S. publicly traded companies.
The Hendrick Durham Automall is expected to move from its downtown location on South Roxboro Street to a new site that’s under construction near The Streets at Southpoint.
Although the dealership hasn’t made the move yet, an investor group has the dealership’s existing downtown site under contract, according to officials connected to the project.
With the touch of a smartphone button, Durham and Chapel Hill residents can now hail a driver to take them where they need to go.
A Colorado firm has added the former Jack Tar Motel to its downtown Durham real estate collection.
Pizzeria Toro, the downtown restaurant that was closed by a fire in November, is re-opening in late July.
For the sixth time in seven years, Quintiles was named to Computerworld’s “100 Best Places to Work in IT” list.
Durham-based Bell and Howell has spun off a software business as a standalone company.