Five buildings in Durham’s Imperial Center Business Park sold recently for $44.25 million.
Crown Realty & Development sold the five buildings, which have 705,365 square feet of space, to Liberty Property Trust as an investment.
The U.S. Food and Drug Administration has licensed Novartis’ Holly Springs vaccine production plant to make cell-culture influenza vaccines, the company announced Monday.
Durham-based CellBreaker is looking to launch software this fall to help customers get out of their cellphone service contracts automatically if they’ve been breached by the carrier.
“I’m basically just very passionate about pushing back against unfairness,” said Jon Colgan, the company’s CEO and founder, who launched the start-up in May of last year after graduating from the University of North Carolina at Chapel Hill.
The start-up went live with a mostly manual agreement-breaking service in January, but is looking to launch software that would automate that process as early as September.
Public mistrust and severe sanctions against Russia threaten the global business environment, according to a recent survey by Duke University and CFO Magazine.
Other results of the survey, which concluded June 6, include companies stockpiling cash and that, although economic optimism is on the rise in the United States and Asia, it is down sharply in Latin America and Africa.
The online grocer Relay Foods has launched service in Durham as its first stop of a planned expansion plan in the Triangle.
The company allows people to order locally grown food as well as other grocery items online by visiting www.relayfoods.com. Customers then can either pick up their items at designated locations or to have the items delivered.
Two properties in downtown’s Durham Central Park district have sold to new owners who envision developing residential units on the sites.
At the end of May, a company connected to Durham’s Greenfire Development sold a property at 619-621 Foster St. for $1.2 million to Somerset Partners of North Carolina.
Glenn P. Bradley becomes Certified Plumbing Designer
Triangle researcher elected to American Academy of Arts and Sciences
Mary Batcher to chair NISS trustees board
SAMSI appoints new directorate leaders
Warm up the fires at City Hall, it’s time to start burning the public’s mortgage on the American Tobacco complex. The city’s incentive-payment promises for the redevelopment of the former cigarette factory are set to start dropping off as of July 1, when its annual obligation to the project drops from $919,011 to $291,325.
N.C. IDEA awards grants to six start-ups
Conventional wisdom suggests the Burt behind Burt's Bees left the company after he became disillusioned with the corporate world in North Carolina and wanted to return to his solitary life in Maine.
The reality, Burt Shavitz says, is that he was forced out by co-founder Roxanne Quimby after he had an affair with an employee.
Downtown Durham’s workforce has grown, and last year was the third consecutive year of employment growth for the county. But at least one city leader said he doesn’t think “we’re there yet.”