CHAPEL HILL -- Timberlyne Family Medical Center, a Duke University Health System clinic, is moving to Dawson Hall in Chapel Hill.
The clinic, which provides primary care services ranging from minor surgery and preventative care to the management of upper respiratory illnesses, diabetes and hypertension, is now at 110 Timberhill Place off Weaver Dairy Road. Its new location will be at 77 VilCom Circle, residing in 11,558 square feet of office space at the three-building office park.
Arnold Siegmund, Gary Hill and Churchill Bunn of Grubb Ellis | Thomas Linderman Graham represented the landlord, Redwing Land LLC, in the transaction. The tenant was represented by Laura Kiley of Kiley Associates.
Trinity to lease, manage center
DURHAM -- Trinity Partners, a full-service commercial real estate firm in Charlotte and Raleigh, has been awarded the leasing and management of Palladian Corporate Center in south Durham.
The property has two four-story office buildings totaling about 201,000 square feet. The office complex is off Interstate 40 and N.C. 54, adjacent to the American Institute of Certified Public Accountants.
Palladian Corporate Center I is fully leased and Palladian Corporate Center II has 65,000 square feet vacant. The buildings are owned by Northwestern Mutual Life Insurance Co. of Milwaukee.
Price fixing deal nets states $25M
RALEIGH -- Vitamin manufacturers who took part in a price fixing scheme have agreed to pay North Carolina and 22 other states $25 million, Attorney General Roy Cooper announced Wednesday.
The settlement was negotiated on behalf of consumers and businesses that purchased certain vitamins between 1988 and 2000. As a result of the settlement, North Carolina will receive more than $1.7 million.
Cooper and the other attorneys general alleged that certain manufacturers collaborated to fix the prices of vitamin ingredients they sold to food processors and drug manufacturers.
The companies subject to the $25 million settlement included Akzo Nobel Inc., Mitsui Co. Ltd., and Sumitomo Chemical America Inc.
Comcast, GE deal said imminent
PHILADELPHIA -- The deal to give Comcast Corp. control of NBC Universal is expected to be announced this morning.
Two people familiar with the talks told The Associated Press of the plans on condition of anonymity because the agreement has not been made public.
Comcast's purchase of a 51 percent stake in NBC Universal would transform the nation's largest cable TV provider into one of the biggest owners of TV and movie programming.
Comcast is expected to pay GE $5 billion to $7 billion in cash and contribute $6 billion to $7 billion worth of cable channels. GE would transfer $8 billion to $10 billion in debt to the venture and own 49 percent at the outset.
GE paved the way by reaching a deal this week to buy out the 20 percent stake in NBC Universal that is held by France's Vivendi SA.
