Business: Local and State

Jul. 07, 2014 @ 02:01 PM

South Court building has new owner after foreclosure

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The loan was originally made in 2003 by Column Financial Inc., a company of Credit Suisse.

Jul. 02, 2014 @ 08:10 PM

Business briefs, July 3

  • Viamet Pharmaceuticals looks to go public
  • Video game convention coming to Durham

Jul. 01, 2014 @ 05:42 PM

Quintiles completes acquisition

Quintiles has completed its acquisition of Encore Health Resources, the company announced on Tuesday.

Jul. 01, 2014 @ 05:53 PM

Area adds 5,900 jobs for year through May

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.


Jul. 01, 2014 @ 05:47 PM

Datrose to lay off Durham employees

Datrose Industries Inc. is laying off 167 people in Durham, according to a notice sent to the N.C. Department of Commerce.

Jun. 30, 2014 @ 05:36 PM

Bayer CropScience building new greenhouse in RTP

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.

Jun. 30, 2014 @ 05:48 PM

Durham start-up’s technology to generate AP financial stories

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.

Jun. 29, 2014 @ 05:52 PM

Downtown Hendrick dealership site under contract

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.

Jun. 27, 2014 @ 07:14 PM

Career briefs

  • Allen Tate announces June ‘Winner’s Edge’ Triangle graduates
  • Sigma Xi executive director appointed dean
  • Chimerix announces new board members
  • Dilweg Companies announces new asset manager
  • RTI’s Graber serving as co-editor of medical journal
  • RTI’s Lewis named American Vacuum Society fellow

Jun. 27, 2014 @ 05:57 PM

Uber launches ridesharing service in Durham, Chapel Hill

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.

Jun. 26, 2014 @ 05:53 PM

Colorado firm buys former downtown motel for $5 million

A Colorado firm has added the former Jack Tar Motel to its downtown Durham real estate collection.

Jun. 25, 2014 @ 09:51 AM

Downtown artisanal pizza restaurant to re-open in July

Pizzeria Toro, the downtown restaurant that was closed by a fire in November, is re-opening in late July.


Jun. 23, 2014 @ 06:44 PM

Quintiles makes ‘Best Places to Work in IT’ list

For the sixth time in seven years, Quintiles was named to Computerworld’s “100 Best Places to Work in IT” list.

Jun. 23, 2014 @ 06:33 PM

Bell and Howell spins off software company, retires debt

Durham-based Bell and Howell has spun off a software business as a standalone company. 

Jun. 23, 2014 @ 11:32 AM

Downtown location announced for new ramen shop

The new ramen noodle shop and Japanese gastropub Dashi is slated to open this winter in a three-story building downtown at 415 E. Chapel Hill St.