Business

Grubb Ventures invests $10M in Raleigh redevelopment project

Real estate development firm Grubb Ventures has invested $10 million in the acquisition of the former Peden Steel property north of downtown Raleigh. The company is betting the success it enjoyed with its makeover of a former Winn-Dixie warehouse will carry over to the 18.6-acre site across the street at the corner of Atlantic Avenue […]

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Cherokee casino plans $200M expansion

The Eastern Band of Cherokee Indians is moving forward with a $200 million plan to add 600 to 800 more hotel rooms and 100,000 square feet of convention space to Harrah’s Cherokee Casino. The casino currently employs 2,600 people in Cherokee, and another tribe-owned casino in Murphy, Harrah’s Cherokee Valley River Casino & Hotel, has […]

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No love for Novan as shares collapse 78%

A bank buyout that will cost North Carolina the headquarters of its most successful community bank of recent years and a stunning clinical trials disappointment sparked major moves in Carolinas-based stocks for the week ending Jan. 27. The best performing stocks in the Capital Investment Cos./Nottingham Index of public companies: Insteel Industries  (IIIN)  13% – […]

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Get that application in for State Banking Commission!

Anyone who wants to serve on the North Carolina State Banking Commission may have a better shot in the next few months than ever before. Ray Grace Eleven of 14 appointed positions are rolling off as of April 1, a quirky situation that developed after state lawmakers combined the regulatory agencies overseeing the state’s banks […]

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