The Good News Report

[Niner National]

5 hours ago, Crown said:

It sure is. Was a Tuesday morning after that (and who could forget the "Yellow rose")  they kept the Riccios and the karate place.   I'm super impressed by the way the building looks. Worth the drive through there for sure.

My south Charlotte friends still mourn the loss of the Rose. 

[KJHburg]

Black and Decker Stanley tools is looking at reshoring manufacturing of tools from CHINA back to the Charlotte area probably in northern York County. Already have a DeWalt tool plant in Charlotte and massive distribution center in Cabarrus County. http://www.bizjournals.com/charlotte/news/2017/05/23/toolmaker-plans-huge-manufacturing-center-in.html

[KJHburg]

Mutual Distributing a beer and wine wholesaler bought the former Rooms to Go warehouse along I-85 near Billy Graham Parkway. They will do a major expansion and take over the entire 511K sq ft warehouse except for the 70,000 sq ft section still occupied by Rooms to Go. They will add 30-40 new jobs. Subscriber only article http://www.bizjournals.com/charlotte/news/2017/05/23/wholesale-distributor-triples-warehouse-footprint.html

[cltbwimob]

8 hours ago, KJHburg said:

Black and Decker Stanley tools is looking at reshoring manufacturing of tools from CHINA back to the Charlotte area probably in northern York County. Already have a DeWalt tool plant in Charlotte and massive distribution center in Cabarrus County. http://www.bizjournals.com/charlotte/news/2017/05/23/toolmaker-plans-huge-manufacturing-center-in.html

Don't forget the Glenmark pharmaceuticals plant in Monroe that also announced and expansion today-37 new jobs.

http://www.bizjournals.com/charlotte/news/2017/05/23/pharma-company-eyes-job-growth-expansion-at-50m.html

[KJHburg]

15 minutes ago, cltbwimob said:

Don't forget the Glenmark pharmaceuticals plant in Monroe that also announced and expansion today-37 new jobs.

http://www.bizjournals.com/charlotte/news/2017/05/23/pharma-company-eyes-job-growth-expansion-at-50m.html

Plus they bought extra acreage to expand the plant further. Great news for Union county which needs more commercial tax base to balance all their residential growth. 

[CLT2014]

Ribbon cutting ceremony for the Sealed Air global HQ in Charlotte as the R&D building is now complete. Average salary is six figures and it is the largest corporate HQ relocation to the city:

http://www.bizjournals.com/charlotte/news/2017/05/17/sealed-air-sets-record-for-corporate-relocations.html

Edited May 24, 2017 by CLT2014

[Crown]

Charlotte to host 2019 NBA All-Star Game

http://www.wcnc.com/sports/charlotte-to-host-2019-nba-all-star-game/442522635

 

Edited May 24, 2017 by Crown

[RiverwoodCLT]

I think this will work out better than if it were this year.    We will have more new hotels open and the Lynx Blue line will be open to University City.

[KJHburg]

7 minutes ago, RiverwoodCLT said:

I think this will work out better than if it were this year.    We will have more new hotels open and the Lynx Blue line will be open to University City.

Good point as we will have 5 new hotels opened at least the Kimpton, AC by Marriott and Residence Inn at Epicenter, already opened late this spring Embassy Suites and Springhill Suites. Maybe 2 more the Bohemian not sure  and maybe the Home2Suites at Stonewall Station. 

[caterpillar2]

29 minutes ago, KJHburg said:

Good point as we will have 5 new hotels opened at least the Kimpton, AC by Marriott and Residence Inn at Epicenter, already opened late this spring Embassy Suites and Springhill Suites. Maybe 2 more the Bohemian not sure  and maybe the Home2Suites at Stonewall Station. 

And, the Intercontinental on top of the old Carolina Theater supposedly,

[rancenc]

Thought I would put this article here concerning the re-adaption of old big box retail centers.

http://www.charlotteobserver.com/news/business/biz-columns-blogs/development/article152457684.html

[KJHburg]

Several local job announcements today.

Verizon is adding 100 plus jobs at their call center and taking space in the former Kmart off Sardis Rd N   http://www.bizjournals.com/charlotte/news/2017/05/25/verizon-wireless-expands-into-larger-call-center.html?ana=e_ae_set1&s=scroll&ed=2017-05-25&u=oAaDx%2B74FoP4qOJ%2By4AU6dhJPpc&t=1495742303&j=78255251

But even better for the region is a $40 million expansion at Consolidated Metco a truck parts manufacturer in Monroe with 100 new jobs. Already 500 local employees. http://www.bizjournals.com/charlotte/news/2017/05/25/monroe-truck-parts-plant-building-new-40m-factory.html?ana=e_du_prem&s=scroll&ed=2017-05-25&u=oAaDx%2B74FoP4qOJ%2By4AU6dhJPpc&t=1495742360&j=78255251  (this is subscriber only how they chose this I don't know)

[KJHburg]

Charlotte is adding the 11th most apartments in the county however we are beat by Nashville. Our vacancy though remains low and I guess this is the good news. Since our population is growing so much we need some place to put people. http://www.nreionline.com/multifamily/15-top-markets-apartment-construction-2017/gallery?slide=5

[Guest]

10 minutes ago, KJHburg said:

Charlotte is adding the 11th most apartments in the county however we are beat by Nashville. Our vacancy though remains low and I guess this is the good news. Since our population is growing so much we need some place to put people. http://www.nreionline.com/multifamily/15-top-markets-apartment-construction-2017/gallery?slide=5

Amazing that Charlotte is ahead of Chicago, mind. blowing.

[KJHburg]

CLT airport attracts a new avocado distribution center. 25,000 sq ft and expected 1 million cartons of avocados shipped a year from this new Charlotte facility. That my friends is a LOT of avocados! http://www.charlotteobserver.com/news/business/biz-columns-blogs/whats-in-store/article152653969.html   4 jobs but all the avocados you can eat! 

Edited May 26, 2017 by KJHburg

[asthasr]

Nobody will be able to buy new houses if we eat that many avocados.

[tozmervo]

3 hours ago, asthasr said:

Nobody will be able to buy new houses if we eat that many avocados.

we're only really in trouble if someone opens a toast distribution facility next door.

[Dale]

My wife and I are selling our condo, in Matthews, and have been assured that the market is hot! Hot! HOT!

Flipside: due to the seller's market -- aided by a shortage of inventory -- we are being warned that we may need to bid for the house we want.

 

 

[KJHburg]

33 minutes ago, Dale said:

My wife and I are selling our condo, in Matthews, and have been assured that the market is hot! Hot! HOT!

Flipside: due to the seller's market -- aided by a shortage of inventory -- we are being warned that we may need to bid for the house we want.

 

 

That is correct and  that is what I am seeing all over town just be ready to sell and be ready to compete 

[Dale]

52 minutes ago, KJHburg said:

That is correct and  that is what I am seeing all over town just be ready to sell and be ready to compete 

We're putting on our game faces.

[KJHburg]

San Francisco based CreditKarma is ramping up Charlotte office with up to 120 to be hired this year up from their current employment of 25. Software and technical jobs which I am sure pay way above the Meck average. http://www.bizjournals.com/charlotte/news/2017/05/30/credit-karma-plans-to-hire-up-to-120-in.html  Office currently in Ballantyne. 

[Tyrone Wiggum]

On 5/25/2017 at 6:24 PM, ricky_davis_fan_21 said:

Amazing that Charlotte is ahead of Chicago, mind. blowing.

312's population has been pretty flat for a long time.  That said, the Grant Park Condo Tower is gonna be a monster, and given all the construction in South and West Loop, that's really surprising.  And encouraging.  

[atlrvr]

Certainly with MetLife, TIAA, and Axa, we've got to be in the mix for this:

Quote

Aetna Inc., whose founding more than 150 years ago helped turn Hartford, Connecticut, into the insurance capital of the U.S., is thinking about leaving.

The health insurer is in negotiations with several states about relocating its headquarters, and will make a decision by early summer, T.J. Crawford, an Aetna spokesman, said in a statement Wednesday.

 

[CLT2014]

14 minutes ago, atlrvr said:

Certainly with MetLife, TIAA, and Axa, we've got to be in the mix for this:

 

http://www.courant.com/news/connecticut/hc-aetna-reports-of-moving-0531-20170530-story.html

Given the plan is to leave most of the lower paid HQ employees in CT and move the top executives to a new separate HQ in a city that shows a forward thinking brand, I wouldn't be surprised if it is Boston, maybe even NYC (where they have apparently shopped for real estate). Boston is a nice compromise of being a "big city" HQ for the company, more affordable than NYC, and allows the senior execs to still live in the comfort of New England and not have to make a major culture shift to a place they aren't familiar with. Most of the top branch of the company has connections to the Boston area too such as the President and CFO.

I would be surprised if the senior execs were looking to move themselves to the Southeast unless they are looking for warmer weather for personal reasons. Leaving most of the 5,800 employees behind in Hartford shows it isn't really a cost cutting thing, but rather moving the senior execs and most highly paid employees to a city with the amenities and luxuries they expect at their pay level (much like GE's "HQ relocation" of a few hundred high paid jobs in a company of 333,000 people to Boston, while leaving the rest of the old HQ jobs in Connecticut). 

If they were moving the bulk of the jobs and doing relocation of the middle class employees, I'd think Charlotte would be in the mix, but this isn't a middle class job relocation. 

Edited May 31, 2017 by CLT2014

[sclark]

http://www.charlotteobserver.com/news/business/banking/article154130684.html

No surprise here. Regions Bank will headquarter their trading operations in CLT. Hopefully HQ will follow someday...