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This South End hotel is on track for June 2018 completion
A 123-room hotel at the intersection of South Tryon Street and West Kingston Avenue in Charlotte's South End is expected to deliver next June. The South End Holiday Inn Express & Suites, a mid-priced flag of InterContinental Hotels Group (NYSE:IHG), will add hotel rooms to a neighborhood that's been the recipient of dozens of apartment projects and is now evolving into a more vibrant commercial center. The 0.9-acre parcel was rezoned last May. In addition to the hotel, about 4,500 square feet of…



For-rent townhouse project near uptown under construction
Construction has begun on a project by Camden Property Trust (NYSE: CPT) on a highly-visible site between South Boulevard, East Morehead Street and Interstate 277. Houston-based Camden is developing 28 rental townhouses on a 2-acre parcel adjacent to its Camden Grandview apartment complex, as previously reported by the Charlotte Business Journal. Will Smith, director of real estate investments at Camden, said it's the first project of its kind for the company in the Charlotte market. "This is certainly…



Wells Fargo embraces its Western roots in Opera Carolina’s upcoming production
Wells Fargo & Co. (NYSE:WFC) is embracing its historical roots in Opera Carolina’s upcoming production of Puccini’s The Girl of the West. The San Francisco-based bank has long been a supporter of Opera Carolina, but this season the company is taking the partnership to a new level. The Girl of the West, which takes place in California during the Gold Rush, features a prominent character who is an agent of the Wells Fargo Company. So in addition to Wells Fargo Private Bank being the season presenting…



Charlotte task force cites segregation as major economic problem
“The Task Force is confident the report will not sit on a shelf.” Those words are part of the executive summary from the Charlotte-Mecklenburg Opportunity Task Force Report, an exhaustive analysis and prescription unveiled Monday for improving the region’s dreadful history of economic inequality and lack of mobility. Shamed by a 2013 ranking of 50th among the 50 largest metros for economic mobility — the chances of a child born in poverty climbing out — local leaders hope to reverse what…



Charlotte's whopping 30-year population growth correlates to home-price gains
Census Bureau data released last week revealed that metro Charlotte's population grew at an annual pace of 2% in 2016. Meanwhile, home prices jumped 5.3% year-over-year. On the surface, the short-term trend between population and home-price growth in the Queen City isn't terribly notable. However, data spanning a 30-year period — from 1986 to 2016 — is more striking. During that time, the population across the Charlotte area has increased 98.3%, while home prices have soared by 19.5%. Those…



American Airlines launching new summer route from Charlotte in June
Interested in visiting Mount Rushmore National Memorial this summer? American Airlines (NASDAQ:AAL) will offer a new seasonal route from Charlotte to Rapid City, S.D. that launches June 3. American's regional subsidiary, PSA Airlines, will operate the nonstop, weekly flight to RAP — located near Black Hills National Forest in southwestern South Dakota. The flight will run through Aug. 19 on a Bombardier CRJ900 aircraft, which can seat 79 passengers. The three-and-a-half hour flight has a scheduled…



Sharon Lane petitioner reduces density for residential project again ahead of...
A rezoning petition that's been in the works for nearly a year has had another density reduction hours ahead of a vote on the project at tonight's Charlotte City Council meeting. Alan Simonini Homes and Saratoga Asset Management have reduced the number of residential units pegged for a 6.3-acre site on Sharon Lane from 24 to 18 while still seeking the UR-1 zoning classification (the lowest level of urban residential development). The reduction is the third one for the petitioners, who have faced…



GameStop to close at least 150 stores this year
After a holiday season marked by sales dips and losses in market share, GameStop Corp. has announced plans to close 2% to 3% of its physical stores. The Texas-based retailer said in its fourth quarter and full-year 2016 earnings that it’s shuttering at least 150 locations as it shifts its focus away from video game hardware and software and toward categories like technology and collectibles. It did not say when the closures will happen or how many employees will be affected. GameStop operates…



Wells Fargo officially launches cardless ATMs at all 13,000 locations
Wells Fargo & Co. (NYSE:WFC) has officially launched cardless technology at all 13,000 of its ATMs, the bank announced Monday. Customers can now log into their Wells Fargo mobile app to receive an eight-digit code to use all of the company’s ATMs around the country, instead of pulling out a physical debit card. “At Wells Fargo, we believe the future is cardless, and the launch of one-time access code provides our 20 million mobile banking customers another convenient way to manage money,”…



SPX CEO gets $4.1M compensation package for 2016
SPX Corp. awarded CEO Gene Lowe $4.1 million in total compensation for 2016, about 6% less than he got in 2015 as he led the company after the spin-off of its SPX Flow division. Lowe’s base salary was significantly higher in 2016 than in 2015 because he became CEO only after the SPX Corp.-SPX Flow split in September of that year. Lowe’s base salary for 2016 was $784,000. That compares with $511,692 in 2015, when he spent more than nine months as the president of SPX’s Thermal Equipment and…



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New study reveals gender gap in Charlotte for women in tech jobs
Charlotte has reappeared on an annual ranking of 15 top U.S. cities for women in the technology sector. But the new report, released this month, also shows a lack of … Click to Continue »



Charlotte-based Bubble Wrap maker to sell over one-third of the company for $...
Charlotte-based Sealed Air is selling over a third of the company to Bain Capital Private Equity for $3.2 billion. The local manufacturer – well known for making Bubble Wrap – … Click to Continue »



There’s a new tower crane on uptown’s skyline
Your eyes don’t deceive you: That’s yet another crane gracing uptown Charlotte’s skyline. Workers over the weekend put up a new crane at the site of the former Charlotte Observer … Click to Continue »



Ahead of Monday’s controversial vote, developer cuts number of townhouses pla...
Seeking to win support for a hard-fought plan to build townhouses in south Charlotte, Simonini Homes has once again cut the number of units it plans to build on Sharon … Click to Continue »



Sewage flooded Charlotte home in Google Fiber contractor mishap. Who pays for...
Nearly 18 months ago, a contractor installing Google Fiber struck a sewer line in the University area and created a ghastly mess, according to a lawsuit making its way through … Click to Continue »



Lash Group expanding Fort Mill operations with second building, new parking deck
Lash Group is beginning construction of a second building and a parking deck at their Fort Mill campus at Kingsley, according to Fort Mill Mayor Guynn Savage. The patient support … Click to Continue »



Cable company Charter make big job, investment promise after Trump meeting
The chief executive of Charter Communications committed in a meeting with President Donald Trump on Friday to invest $25 billion on broadband infrastructure while joining a trend of business leaders … Click to Continue »



New restaurant coming to former Mynt site near South End
Curious about what’s been going on at the site of the former Mynt Restaurant & Lounge near South End? The roughly 3,300 square-foot space will eventually be home to a … Click to Continue »



What to do with a dead mall? Charlotte City Council set to vote on $575,000 E...
Charlotte City Council is planning to vote on a new plan Monday night that they hope will finally point the way to a solution to the vexing problem of what … Click to Continue »



Court rules New Jersey not liable in $80M Superfund cleanup
New Jersey isn't on the hook for part of an $80 million toxic waste cleanup along the Raritan Bay, the state Supreme Court ruled on Monday. In a 6-1 decision, … Click to Continue »



Roadblock: Mississippi House seeks talks on transportation
Mississippi House members have tried to reopen discussions over state transportation and construction money, after an impasse killed such plans last weekend. Representatives voted overwhelmingly Monday to send two transportation … Click to Continue »



Bud Selig to throw out 1st pitch at Brewers opener
Retired baseball commissioner Bud Selig will throw out the ceremonial first pitch at the Milwaukee Brewers' opener next week. The Brewers said Monday they will recognize the team's former owner … Click to Continue »



About 100 protest detention of Vermont farm worker advocates
About 100 people have protested the detention by federal immigration officials of three advocates for Vermont dairy farm workers. A judge in Boston set bond on Monday for two of … Click to Continue »



Trump signs legislation rolling back Obama-era regulations
President Donald Trump signed a handful of measures Monday rolling back Obama-era regulations under the Congressional Review Act. It's part of a larger GOP effort to eliminate an array of … Click to Continue »



House budget proposal seeks $3 billion in new revenue
House Democrats on Monday released a two-year state budget plan that proposes $3 billion in additional revenue — including a tax increase on some businesses and a new capital gains … Click to Continue »



Court filing: Convicted former Christie allies lied at trial
Two ex-allies of Republican Gov. Chris Christie committed perjury on the witness stand during their corruption trial last fall and shouldn't be given any leniency at sentencing this week, government … Click to Continue »