Business: Local and State

Jun. 16, 2014 @ 06:56 PM

Imperial Center buildings sell for $44.25 million

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.

Jun. 16, 2014 @ 06:54 PM

Holly Springs plant licensed for cell-culture flu vaccines

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.

Jun. 15, 2014 @ 06:25 PM

CellBreaker seeks to help customers end cellphone service contracts

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. 

Jun. 15, 2014 @ 03:31 PM

Career briefs

  • Frontier names regional sales manager
  • M&F Bank Founders Award recipients announced

Jun. 11, 2014 @ 05:04 PM

CFO survey: Public mistrust, sanctions may hurt global economy

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.

Jun. 09, 2014 @ 04:55 PM

Online grocer Relay Foods expands into Durham

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 Customers then can either pick up their items at designated locations or to have the items delivered.

Jun. 08, 2014 @ 05:03 PM

Plans for three Central Park sites to become residential housing

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.

Jun. 08, 2014 @ 04:42 PM

Career briefs, June 9

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


Jun. 07, 2014 @ 04:06 PM

Ambacco incentive payments beginning to wind down

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.

Jun. 06, 2014 @ 04:57 PM

Business briefs, June 7

  • Morinaga breaks ground on Orange County plant
  • Quintiles named to 2014 CIO 100

Jun. 05, 2014 @ 01:35 PM

Business briefs, June 6

N.C. IDEA awards grants to six start-ups

Jun. 04, 2014 @ 08:19 PM

Business briefs, June 5

  • CED report: NC sees nine IPOs in 2013
  • Tri Pillar Investments acquired by Atlanta firm
  • N.C., 44 others states settle with GSK

Jun. 04, 2014 @ 11:17 AM

Co-founder of Burt's Bees says he was ousted

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.

Jun. 03, 2014 @ 07:05 PM

Durham economy on upswing, but ‘we’re not there yet’

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.”

Jun. 03, 2014 @ 06:29 PM

Business briefs, June 4

  • Durham-Chapel Hill home prices up from 2013
  • BioCryst completes stock offering