Kevin Ellis

A 29-story, 600-room Omni hotel could provide a big boost to downtown Raleigh once it’s complete in late 2028. The hotel is going up between the Raleigh Convention Center, which is undergoing a $387 million renovation, and the Martin Marietta Center of Performing Arts.

Pharmaceutical company AbbVie plans to invest $1.3 billion to build a manufacturing campus in Durham that will employ 734 people by 2031.

Housing Impact Fund raised more than $100 million in private capital to acquire and renovate more than 1,500 apartment units for low- and moderate-income residents in Charlotte. It’s the third and largest fund to date for the social impact equity fund launched in 2020 by Charlotte investment banker Erskine Bowles, who was chief of staff to President Bill Clinton in the late 1990s, and his Carousel Capital co-founder Nelson Schwab.

SMBC will move into the 42-story building formerly known as One Wells Fargo Center as early as this fall after announcing this morning it has signed a lease for the property. In April, Sumitomo Mitsui Banking Corp., one of Japan’s largest financial institutions, announced plans to establish a second U.S. headquarters in Charlotte by investing […]

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Durham-based BioCryst Pharmaceuticals (Nasdaq: BCRX) has entered into a licensing agreement with an Irish affiliate of Neopharmed Gentili to commercialize its angioedema drug Navenibart in Europe. BioCryst will receive $70 million upfront and will be eligible to receive up to $275 million in future payments. BioCryst will also receive tiered royalties on net sales ranging […]

The Truist Championship and Charlotte Trail of History unveiled a statue Tuesday honoring Charles “Charlie” Sifford at Elizabeth Park, celebrating the trailblazing golfer’s legacy and ties to the Charlotte community The ceremony marked the launch of Truist Championship Tuesday, a way to extend the championship’s impact beyond tournament week. Acclaimed sculptor Emmanuel Gillespie worked closely […]

Statue of Charlie Sifford at Elizabeth Park in Charlotte (Photo courtesy of PGA Tour)

Adam Hayes and his wife are asking for almost $14 million for this home outside Charlotte.

Leading technology company NVIDIA (NASDAQ: NVDA) and fiber optic company Corning Incorporated (NYSE: GLW) announced plans today to build three manufacturing plants in North Carolina and Texas, creating more than 3,000 jobs. The latest announcement in the expansion of artificial intelligence factory buildouts will allow Corning to expand U.S. optical connectivity tenfold, and expand its […]