North Carolina news

• CIAA impact down 17% to $47.4 million

  05-06-2017 22:45
  Estimated economic benefit from staging the Central Intercollegiate Athletic Association basketball tournament dipped this year by $10 million, or 17%, according to figures released by the conference Monday afternoon.The men’s and women’s basketball tournament generated $47.4 million and brought in an estimated 103,000 to 138,000 visitors, the CIAA said. In 2016, the tournament added $57.4 million worth of spending and spin-off benefits to the local economy and $31.5 million in direc
  
  Read more

• Duke Energy documents detail spending to build four solar projects in eastern N.C.

  05-06-2017 21:15
  Duke Energy Progress' first public accounting of the costs of four projects is contained in the utility’s application for a rate increase filed last week.
  
  Read more

• Lift-off approaches for PGA Championship in Charlotte

  05-06-2017 20:57
  Seven years ago, the PGA of America selected Quail Hollow Club in Charlotte as the site of the PGA Championship. And it’s still not here. But it’s getting closer. Much closer.In two months, the city’s first major golf championship begins, as the 99th PGA Championship will tee off at Quail Hollow. On Monday, the club hosted the event’s defending champion, Jimmy Walker, who won last summer at Baltusrol Golf Club in New Jersey, as part of a media preview. Executives from the
  
  Read more

• Economist: More slow growth on horizon for North Carolina

  05-06-2017 20:56
  John Connaughton, UNC Charlotte economist, says there is more slow growth on the horizon for North Carolina. The economist expects the state’s economy to increase by 2.4% in 2017, compared to a 1.7% growth rate in 2016.Connaughton says we are in the eighth year of positive economic growth for the state, and we are entering the second-longest economic expansion on record — although it doesn’t really feel like that, the economist adds. Growth has been slow — under the avera
  
  Read more

• Advertisement

• Indian Land shopping center sells for $4M

  05-06-2017 20:45
  An Indian Land shopping center has been sold for $4 million to a growing real estate-investment group that’s based in Charlotte.The Shoppes at Sun Valley Commons, a 20,000-square-foot that includes a Subway shop, Sun Valley Café, a pizza restaurant and a martial-arts studio, among other businesses, was bought by JP Investment Partners.It’s the second recent purchase for JP Investment, which is headed by CEO John Papageorge. In March 2016, Papageorge’s group bought Perime
  
  Read more

• Charlotte's industrial market currently favors landlords, says panel

  05-06-2017 20:42
  With low vacancy rates, rising rents and demand across the entire Charlotte MSA, the local industrial real estate market is especially good for landlords.
  
  Read more

• Charlotte Marriott City Center hotel sells for $152 million

  05-06-2017 20:41
  The Charlotte Marriott City Center hotel that received more than $40 million in capital improvements over the past year was acquired last week for a record-setting amount.The 446-room hotel at 100 W. Trade St. was sold by Marriott Hotel Services Inc. to CWI 2 Charlotte Hotel LP, affiliated with Carey Watermark Investors 2, the non-traded REIT of W.P. Carey (NYSE:WPC) that focuses on hotel investments, for a little less than $152.2 million, according to Mecklenburg County real estate records.The&
  
  Read more

• Homemade ice cream shop expands to Lake Norman

  05-06-2017 20:06
  This homemade ice cream shop will begin dishing up cones in the Lake Norman area on Tuesday.Two Scoops Creamery relies on a secret family recipe for its homemade flavors, says Rich Moyer, owner.“I think that’s our selling point. We think we have an excellent product that needs to be out,” he adds.On any given day, expect up to 28 flavors to be available at the 1,200-square-foot location in Mooresville.It is located at 807 Williamson Road, Suite 108.Two Scoops will dish up class
  
  Read more

• Advertisement

• Monster still finding its groove in NASCAR

  05-06-2017 20:00
  Monster Energy faces tricky navigating in NASCAR relative to some of the other smaller sports properties it sponsors.
  
  Read more

• Chinese e-waste recycler to bring 45 jobs to Anson County

  05-06-2017 19:41
  This may be the best latest example of a new industry replacing an old one in the Charlotte region.A Chinese electronic waste recycler has bought a former Anson County shirt factory with plans to bring a 45-employee company there to reclaim old computers, mobile telephone, televisions and other e-waste.It’s like a cut-and-sew apparel operation being turned into a 21st-century recycling operation.John Marek, the new executive director of the Anson County Economic Development Partnership, is
  
  Read more

• U.S. Supreme Court Affirms North Carolina Districts Rely Too Much on Race

  05-06-2017 17:56
  Monday’s decisions regarding the state’s legislative districts were the latest in a series of voting rights cases there.
  
  Read more

• Justices Act on Voting Rights and Cellphone Privacy

  05-06-2017 17:56
  The Supreme Court struck down dozens of North Carolina voting districts and agreed to hear a major privacy case.
  
  Read more

Follow @News_NC_USA on Twitter!