Companies & People
Albemarle names Ragnar Udd as next CEO
CHARLOTTE - Albemarle has named BHP executive Ragnar Udd as its next president and CEO, effective Feb. 1, 2027.
NC Business Desk
News
Development & Infrastructure
Raleigh office building sells for $24.225 million
RALEIGH - Pharr has purchased the 702 Oberlin office building near Raleigh's Village District from Beacon Partners for $24.225 million.
Economy & Workforce
Partnership says UNCW, CFCC nursing capacity grew 77.5%
A New Hanover County workforce partnership backed by a $22.3 million investment says nursing enrollment capacity at UNCW and Cape Fear Community College has grown 77.5% since 2023.
Economy & Workforce
North Carolina awards 50 technology grants to 46 small businesses
RALEIGH - North Carolina awarded 50 grants totaling nearly $2.5 million to 46 small businesses developing technologies in sectors from health care to space.
Development & Infrastructure
BorgWarner reaffirms Hendersonville turbine launch for 2027
HENDERSONVILLE - BorgWarner has reaffirmed plans to begin turbine-generator production in Hendersonville in 2027, with more than $300 million in sales expected during the first year.
Development & Infrastructure
STERIS plans $600M Sanford manufacturing hub, 335 jobs
SANFORD - STERIS plans to invest $600 million in a 600,000-square-foot manufacturing and distribution center expected to create about 335 jobs in Lee County.
Companies & People
HomeTrust agrees to buy Blue Ridge Bankshares for $448.1M
ASHEVILLE - HomeTrust Bancshares has agreed to acquire Blue Ridge Bankshares in an all-stock transaction valued at approximately $448.1 million.
Companies & People
Crescent expands leadership roles in Charlotte and Raleigh-Durham
CHARLOTTE - Crescent Communities has expanded leadership responsibilities in Charlotte and Raleigh-Durham as part of five multifamily management changes.
Development & Infrastructure
Integral outlines $343M Tribute Rising plan in Durham
DURHAM - Integral Group has filed site plans for its proposed $343 million Tribute Rising redevelopment in Durham’s Hayti community, with construction projected for early 2027 amid unresolved…
Development & Infrastructure
UNCW adds $7.5M research vessel to marine science fleet
WILMINGTON - The University of North Carolina Wilmington has added a $7.5 million, state-funded research vessel to its marine science fleet, expanding capacity for coastal and offshore work.
Economy & Workforce
North Carolina sports wagers rise 53% in July
RALEIGH - North Carolina’s licensed online sportsbooks recorded $566.3 million in total wagering in July, up nearly 53% from a year earlier, while gross wagering revenue reached $63.2…
Development & Infrastructure
Carolina Beach gets financing approval for $12M boardwalk land deal
CAROLINA BEACH - State finance officials approved $10 million in borrowing for the town’s planned $12 million purchase of nine downtown boardwalk properties, advancing a deal targeted to…