@businesstodaync
January 2020 Published monthly Business Intelligence for Lake Norman and Cabarrus
NEWS INSIDE
Small business sales BizBuySell says a third of business owners have experienced tariff-related cost increases Page 2
Managing bad news online
Volume 18, Number 10
Boom continues for CLT suburbs BY ERICA BATTEN Despite forecasts earlier this year that the economy may be headed downward, optimism around the economy abounds in 2020. “We don’t have any of the typical imbalances that come with recession,” said Wells Fargo Senior Economist Mark Vitner. “We didn’t buy too many cars; we didn’t build too many homes.” A housing bubble helped bring down the economy in 2007. Vitner and Allen Tate president and CEO Pat Riley discussed regional trends and the economic outlook at a recent Newsmakers Breakfast hosted by Business Today at The Peninsula Club in December. Single-family home-building continues to be strong, although in fast-growing urban areas,
Mark Vitner, Pat Riley: Net in-migration is significant like Charlotte, the supply of single-family homes struggles to keep up with demand. Over the past decade, Raleigh and Charlotte have been among the top 10
fastest-growing nationwide.
metropolitan
areas
See Econ Outlook page 13
R&D kitchen coming to Cornelius
The delete button only goes so far Page 6
Leading with Grace First in a series on building your personal brand
Page 10
Creative Zone Ahead It takes discipline to get the creative juices flowing RECORDS Corporations
Transactions Mecklenburg
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Iredell
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Foreclosures
The jury is still out on whether toll lanes reduce congestion Page 22
2276 Brawley School Road Mooresville, $1,375,000
Mecklenburg
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Iredell
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Mecklenburg Cabarrus
Page 18 Page 19
Iredell
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Denver
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www.businesstodaync.com
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Business Today
2 January 2020
Number of businesses sold fell during 2019 A total of 2,454 small businesses were reported to have sold in the third quarter of 2019, an 8.6 percent decline compared to the same period last year. BizBuySell (BBS) says the median sale price rose just .1 percent year-over-year. Stagnant sale prices are not for lack of trying. The median asking price of a sold business stood at $278,000 in the third quarter, up 3.3% from 2018, according to BBS, the largest online business-for-sale marketplace online. It has more than 1 million monthly visitors. Business owners—and would-be buyers—don’t like uncertainty. Despite a strong economy, trade tariffs are unsettling. Fifty-three percent of business brokers surveyed say a recession is the biggest concern, especially for small businesses, according to the Q3 2019 Market Pulse Report published by the International Business Brokers Association, M&A
Source and the Pepperdine Private Capital Market Project. Restaurants are a hot commodity, while retail and manufacturing are softer, according to Corneliusbased business broker Joe Vagnone. He suggest some buyers are Vagnone trying to avoid the kinds of businesses that require a strict opening time as well as those that are more often in the role of waiting for customers. “Some newer businesses and oldschool, service-related businesses you can market to your customers and go to them. It’s more efficient and productive,” he said.
BUYER TIPS 1. Identify a line of work you like. 2. Find sellers who are ready. 3. Sign a nondisclosure agreement. 4. Study the books. 5. Figure out financing. 6. If the numbers check out make an offer.
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R&D kitchen, Renovations worth $500K BY DAVE YOCHUM Restaurateur Joe Douglas plans to build an R&D test kitchen at the original 131 MAIN restaurant in Cornelius. The total tab, which includes renovations, will be on the order of $500,000. Douglas says the research and development kitchen is being designed to develop new products for both 131 MAIN and COWBOY Steak Chicken and Ribs. “We plan to offer ‘R&D Features’ to the Douglas guests so they can try new items that we have in development,” Douglas says. The restaurant business is in the midst of change, many of them driven—at least indirectly—by technology. The rising popularity of ordering out instead of dining in is behind “ghost kitchens” where all food is prepared to go. 131 Main has a serious investment in brick and mortar, which means ambiance and memorable experiences. Douglas runs 131 MAINs in Blakeney, SouthPark and Asheville as well as the Cornelius location at Bailey Road and Hwy. 21. What tests well in Cornelius will find its way to the other locations. Douglas said the R&D kitchen in Cornelius will have a large window providing visual access to patrons. “It will be an internal process designed to keep 131 MAIN and COWBOY current with their offerings,” he said. Douglas expects construction to get under way during the second quarter. The basic concept behind 131 Main is fresh, made-from-scratch products. “No freezers in our operations. I believe there is always room for these products. We avoid chasing trends,” he said.
Business Today
January 2020
3
N ewsmakers Breakfast
CMS board members speak at Newsmakers Breakfast Jan. 15 A Newsmakers Breakfast Jan. 15 at The Peninsula Club will focus on education, with speakers Jennifer De La Jara De La Jara and Rhonda Lennon Cheek, both Charlotte Mecklenburg Schools board members.
Feb. 6 meeting will focus on doing well, doing good A “community discussion” on investing for impact will be held Feb. 6 at The Hut Hub in Davidson. Speakers include Jennifer Cannon, vice president with Pax Ellevate; Mary Mock, divisional vice president with Touchstone Investments; and Daniel Wanstreet, director of the market advice team at Wells Fargo Advisors. “The same values that encourage us to engage in community service and recycling, for example, can be expressed in our investment portfolio,” said Chris Davis, founder of Davidson Wealth Management, host of the event. He said we no longer need be influenced by the stereotypes in the movie “Wall Street.” Greed is not good. “Many of us strive to live and invest our personal lives with integrity, reflecting our values,” Davis said, explaining that Wall Street is changing with the times. “Companies that consider environmental sustainability, treat all employees respectfully and engage in corporate governance and policies that reflect stewardship and responsibility are more likely than not to be sustainable business enterprises themselves,” he said. The event at The Hurt Hub is free. It will be presented from noon to 2:30 pm and from 4 pm to 7 pm. To RSVP call 704655-7696
Newsmakers Breakfasts, which cost $12 to attend, are open-forum Q&As with people who make the news. AnyCheek one can ask a question. Doors open at 7:15 a.m. for network-
ing. The buffet-style breakfast gets under way at 7:30 a.m. The Q&A begins at 8 a.m. and concludes at 9 a.m. The $12 cost includes a full country breakfast. Reserve a seat by calling 704-895-1335 with Visa or MasterCard. The Presenting Sponsors are Allen Tate Realtors Dixie Dean and Christina Stone. The Breakfast Sponsor is Carolina Trust Bank.
The Coffee Sponsors are Davidson Wealth Management and James Funeral Home.
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Business Today
4 January 2020
The buzz on Andrew Westin Oh how times change. The gorgeous old Concord National Bank HQ at 4 Union St. N. will soon be the home of Buzz City Games in Concord. Just a little more than one year after opening at 18 Union St. N., Buzz City owner Andrew Westin says the business has become a destination for the game community. In fact, he calls it the Friendly Local Game Store, FLGS in Buzz City parlance. He has tripled the square footage for gamers who are into Dungeons and Dragons and Magic as well as board games, card games, miniatures Westin and dice. The whole place is anchored by Concord National’s iconic 25 square foot vault door, chandeliers and vaulted ceilings. Opening day is Feb. 4.
Aneralla inducted into NCGOP Hall of Fame The newest member of the NCGOP Hall of Fame is Huntersville Mayor John Aneralla. Now in his third term, he started helping Republican candidates in Mecklenburg County over 25 years ago. “I didn’t do it for the recognition, rather to make the area I lived in a better place,” the investment advisor said. “Hopefully, through my efforts helping candidates as well as successfully running for Mayor, it’s benefited the lives of those living here.” U.S. Sen. Thom Tillis, who lives in Huntersville, attended. Additional awards went out to Lynda West, Duane Cutlip, Mary Boughton, Patricia Randall, Lee McMillan, Evonne
Big Day at the Lake
Parker, Adrain Arnett, Eleanor McGinnis, Mark Schenck, Pat C. Smith, Betty Budd and Kelly Gallimore. The J.E. Broyhill Award named for furniture magnate James Edgar Broyhill. He served on the Republican National Committee from 1948 to 1965—went to his grandson, J. Edgar “Ed” Broyhill. He is also the son of James T. Broyhill, a former U.S. representative Nancy and John Aneralla and U.S. senator.
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Business Today
6 January 2020
Harbor Realty Inc. Davidson Keyman Offices
Pulp Friction: A day after a Davidson assistant professor was arrested, there was almost no trace of him on the college web site. This screenshot shows the result of an early, post-arrest search for Michael Bovino. It has been removed.
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When bad news happens, it’s time to get a ‘cleaner’ BY DAVE VIESER On Nov. 21, a Davidson College assistant professor was one of 10 people arrested in a child exploitation sting operation conducted by the York County SC Sheriff’s Office and 12 other state and federal law enforcement agencies. Michael Bovino, 38, had taught chemistry for close to two years at Davidson but the next day his photo and name were deleted from the college’s web site. The college issued this statement: “The employee was placed on leave and barred from campus immediately following the arrest. The college cooperated promptly and completely with the investigation and cannot comment further regarding an ongoing criminal investigation.” It demonstrates how quickly businesses and institutions can literally erase the names and photos of employees accused or even suspected of bad behavior, regardless of whether they are found guilty or not. In this day of public access and social media, polishing a firm’s or an individual’s image is big business. Davidson College worked fast to remove any connection the school had with Bovino, but as of late December he still turned up on archived catalog
called “New Faculty and Instructional Appointments, 2018-19,” not to mention ratemyprofessor.com—where he gets a 4.6 out of 5 point score.
Harvey Keitel was the cleaner in Pulp Fiction Businesses can launch their own clean-up efforts by deleting content or—if they don’t control the site themselves—by flooding the Internet with alternative messaging. New posts and press releases can help bury a negative story in search results. Lots of new information can push older information down. Regardless of whether a crime was committed or not, anyone can publicly say almost anything about anyone. It doesn’t have to be true or fair. Savvy businesses can manage search results. California-based Reputation Defender provides online reputation and digi-
November 2019
tal privacy solutions for individuals and businesses. “We believe that everyone has the right to be empowered online—whether that means controlling the spread of your personal information or the way you are portrayed to others,” said founder Michael Fertik. Reputation Defender staff uses proprietary algorithms and positive stories that virtually overwhelm negative search results with positive ones. Not discussing a negative situation is another way to manage an image or brand. When CMS Superintendent Clayton Wilcox resigned his post several months ago after lengthy negotiations with the school board, there was no information to be had. “No you are not going to hear about it from us, unfortunately,” said Board Member Rhonda Cheek at the time. “We are going to uphold the law as we have been instructed by our own attorneys and the attorneys with the North Carolina School Boards Association,” she said. A search for Wilcox on the CMS web site brings up 15 generic items but nothing about his period as Superintendent. The law which Cheek referred to is the integrity clause which exists in the state’s statute on personnel. The board attorneys have interpreted that clause to prohibit the release of any information on an employees departure “unless the employee who has separated from us is spreading misinformation,” Cheek added. Months after Wilcox was let go, news reports said that he pushed for the district to buy digital learning technology from a company that employed his son and a longtime business associate. A high-ranking administration official wrote a letter reporting Wilcox’ efforts, and several CMS officials found his action part of a disturbing pattern of behavior, a likely factor in his dismissal. Perhaps the biggest concern for an accused individual is what to do when he or she is found not guilty. Accusations sometimes get front-page play, but acquittals run on Page 2. Ronald Reagan’s Labor Secretary Raymond Donovan raised the question in 1987, after he was found not guilty of corruption charges: “What department do I go to to get my reputation back?” That’s why companies such as Reputation Defender exist.
Investing for Impact
the intersection of striving to do well while doing good Thursday, February 6th, 2020
12:00
PM
– 2:30 PM & 4:00 PM – 7:00 PM
at The Hurt Hub@Davidson 210 Delburg Street | Davidson, NC
With guest speakers: Mary Mock, Divisional Vice President, Touchstone Investments Jenifer Cannon, VP, Product Specialist, Pax Ellevate Daniel Wanstreet, CFA, Director of Market Advice Team, Wells Fargo Advisors Hosted by: Chris Davis CFP®, CIMA®, Managing Director-Investments
RSVP: 704-655-7696 or 866-996-7696 Educational in nature. No specific products will be discussed. Event sponsored and financially supported in part by Touchstone Investments and Pax Ellevate. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC, Member SIPC, a registered brokerdealer and non-bank affiliate of Wells Fargo & Company.
Investments and Insurance Products:
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Business Today
8 January 2020
Siskey-related lawsuits go after Carolina Beer, founders BY DAVE YOCHUM A memo sent to investors in an LLC related to Mooresville-based Carolina Beer & Beverage and its founders says claims in a lawsuit brought by 18 former investors “are absolutely 100 percent false.” In the memo, the entrepreneur behind CB&B said the disgruntled shareholders’ complaints only came to light in November, more than 10 years after the same shareholders actually made a profit on their investments. “I am mad, hurt and extremely disappointed these individuals (all of whom made a profit selling their interest in Carolina Beer & Beverage) have The late Rick Siskey: chosen to make A $43 million settlethese false alle- ment in 2019 bengations,” J. Mi- efitted Ponzi scheme chael Smith said victims, thanks to a in the memo dat- life insurance payout ed Dec. 9. The lawsuits were filed in Mecklen-
burg County Superior Court in November. They allege Cornelius entrepreneur Smith and his wife Jennifer Smith worked with deceased Charlotte fraudster Rick Siskey to cheat early investors in Carolina Beer & Beverage out of tens of millions of dollars. One suit alleges that “Mike Smith, Jennifer Smith and Carolina Beer & Beverage breached their fiduciary duty to the Plaintiff, aided Rick Siskey in committing securities fraud, committed constructive fraud and engaged in a civil conspiracy to commit securities fraud and as a result, they each are each jointly and severally.”
Siskey bought out investors
The Smiths own a home at 17638 Spinnakers Reach in The Peninsula. They could not be reached for comment. Their attorney Ward Davis said the Smiths will be seeking a court order for the plaintiffs to pay the Smiths’ legal fees based on the “frivolous claims and false statements throughout the complaints.” Siskey, the founder of Wall Street Capitol and the benefactor of the
Investors made money
Mike & Jennifer Smith since-renamed Siskey YMCA in Charlotte, committed suicide three days after Christmas in 2016. He left behind a tangled web of Ponzi investments, ruined retirement plans—and a heady success in Mooresville-based Carolina Beer & Beverage (CB&B). The suits say Siskey used insider knowledge to buy out early investors in CB&B at a lower premium than a “pending” sale which netted considerably more money. Smith, as CEO of Carolina Beer, approved each allegedly fraudulent transaction, the suits say. The lawsuits contain affidavits from the FBI, including copies of emails and cancelled checks. One email from Mike Smith to Rick Siskey said “I love you man... You bring out the good vibes in me! FYI—best month in history of the business...good one to go out on.” Other emails between the Smiths and Siskey outline Super Bowl trips and a chartered flight on a private jet. Both Smiths were employed at Carolina Beer and Beverage in Mooresville where Mike Smith was the long-time CEO. The suits say Jennifer Smith, his wife, “was at all times relevant to this complaint, an employee and Special Projects leader of Defendants, Caroline Beer & Beverage LLC and Defendant Home Run Holdings.” Home Run Holdings is a corporation located at 17638 Spinnakers Reach in Cornelius. There have been two sales of Carolina Beer, which was launched with the investment advice of Siskey, according to the lawsuit. The second sale took place at an “enormous” profit. The suits contain an email from Mike Smith to Rick Siskey Dec. 11, 2006 with a postscript that said: “I am being approached by an investment group seeking to purchase CBCO. I’ll keep you posted... I’m certainly not in a rush as the best is yet to come... This franchise is worth about 6-7 million net profit annually.”
The Smiths were wined and dined by Siskey and participated in the profits, according to the lawsuits. But Mike Smith, in the memo to current Home Run Holdings investors, said the disgruntled investors made money on their investments. Litigant Carl E. Merrell, according to Smith, invested $75,000 in 2003 and sold out in 2007 for $125,000, a 66 percent profit. Litigants Jeffrey A. and Penny N. Strack invested $50,000 in 2001 and sold out in 2007 for $135,000, an $85,000 profit. The memo says the plaintiffs “conveniently ignore the fact that the company was not sold until Aug. 2010,” more than two-and-a-half years after they sold their units. The lawsuits will hold up final distributions from Home Run Holdings Escrow Holdabck, which were to be made prior to the end of 2019. Carolina Beer & Beverage is an early success story in the world of upstart breweries. In 2018, Brynwood Partners VII announced that its wholly-owned portfolio company, Cold Spring Brewing, acquired 100 percent of the stock of Carolina Beverage Group, LLC from SunTx Capital Partners and other selling shareholders. Terms and conditions of the transaction were not disclosed. Brynwood created one of the largest independently owned contract manufacturers in the beverage sector for numerous well-known national and international brands. Customers include well-known energy drinks, sparkling waters, teas, cocktails, flavored malt beverages and craft beers. The suits alleges Siskey ultimately collected $27 million in shareholder distributions. Despite the years that have passed, “plaintiffs would not have sold their shares of Carolina Beer & Beverage if they had been informed of the true facts concerning the pending sale of the company to a private equity firm.” The suit asks that the sale of Carolina Beverage to Siskey be voided, and that the Smiths and CB&B “pay the plaintiffs an amount they would have received from their rightful shareholder distributions from 2009 to present.” Also named in the suit is Metropolitan Life, Siskey’s previous employer.
Business Today
December 2019
9
10 January 2020
L EADING
WITH
GRACE
Business Today
Are you starting 2020 in control of your brand? BY GINNY MACKIN I’m not big on resolutions. Sure, a crisp new calendar inspires me to become more organized and mindful of my time and priorities. But the big transformational proclamations leave me cold. There is one commitment I made two years ago that has stuck, and I want to share it in hopes you will give it a try. I work with individuals and teams to help them build clarity around themselves, their brands and reputations. A few years ago, the term “leader brand” struck me as contrived. After all, we are not consumer products or manufactured beings. But here is the rub – we DO have brands and we certainly have personal reputations. In fact, in this digital age, a professional reputation is our most precious asset because it is what we are known and remembered for. Almost three years ago, I went through a significant career change. After 35 years working in big corporations, I left to strike out on my own. After I took a few months to clear my head, I focused on my future. Nothing was clear. Ideas popped in and out of my head. I needed clarity. I needed to become clear about myself—my purpose and how my behaviors matched with my passions and work. Right before the new year, I worked on my own brand with a trusted colleague. That process gave me clarity, purpose AND a language to put around who I am and what I stand for as a leader. Why does this matter? • First, if you are a leader at a company, research shows that 50 percent of that company’s reputation is attributed to you and your fellow leaders. This means that your reputation is as important to the company’s reputation as other things like products, services, culture and customer service. • Second, leaders who intentionally cultivate their personal brands are far more successful in managing their career progressions. They do a better and more focused job of networking and presenting themselves more consistently in person and online. • And third, the people who are important to you are watching and forming opinions. Prospective customers,
employees and suppliers “learn up” about you from what they see online or what they hear from colleagues. Those who know you watch to make sure your feet match your mouth! Whether you buy into resolutions or not, the start of a new year is a
good time to refresh and consider your own brand and reputation. Over the next few months, I will discuss our brands, including how we build them, how we derail them and how we propel ourselves and our success—from the inside out.
How to get started
Step 1:
Think about and write down the reasons you are taking action. Example: I want to be promoted. Don’t stop there. Take it a step further and state the underlying purpose or motivation. Example: I want to overcome a perception that I am inexperienced so that I can be considered for the promotion.
Step 2:
After you consider your reason for action, think about and write down the reason that your organization or team need you to work on your personal brand. Example: My company and leaders need me to demonstrate my experience so that they have more confidence in me as a manager, therefore I need to work on my personal brand.
Step 3:
Now put it all together in a statement. Example: I am working on my personal brand so that I can get promoted. I will do this by demonstrating that I am an experienced and valuable member of the team, therefore earning the confidence of my manager and company.
For now, let’s take the first steps. In the corporate world, we take a page from Lean Six Sigma, and call this our “reason for action.” The goal is to dig deep and get real about the reasons for working on your brand.
NEXT MONTH: Do you have a good understanding of how you are perceived? Understanding your stakeholders and their perceptions of you, including the gaps between how you are viewed today and how you want to be viewed, is the next step in building your personal brand. Ginny Stone Mackin is the principal of Grace & Stone Communications, LLC. Based in Cornelius, Ginny led communication functions at Ingersoll Rand, Duke Energy and Wachovia Corp. She also held management roles at Bank of America, CPC International and Bonwit Teller Stores. www.GraceandStoneComms.com
Business Today
January 2020
G ROWTH STRATEGIES
11
Tap creativity with teamwork and strategy Sales professionals by nature have a laser-like, goal-oriented focus, and they push themselves against all odds to produce outstanding results. Along the way they develop skills and habits that make them more efficient. But the world we work in continues to evolve, change, and develop, so we have to make sure we are adapting to be just as effective tomorrow as we were yesterday. Don’t wait for a problem to show you how important it is to stay current and on top of your game. Sales professionals and their managers need to be purposeful and methodical in considering how they can improve sales, develop strong customer relationships, identify new ways to meet customer expectations and adapt processes toward a fresh level of excellence. But those efforts require thoughtful analysis and creativity to form new policies and practices. Just as it is impossible for a highperformance automobile to run at two speeds simultaneously, it is generally not feasible to expect most highperformance persons to function as both a hard-charging performer and a thoughtful, creative analytic. The two speeds have to be done at two different times in two different kinds of environments. My advice: Plan now. When in the New Year you will set aside time, energy and effort to be creatively strategic in order to bring about your best sales results in 2020? 1. Clear your calendar. Set a date for your planning session and define a clear agenda; allow everyone to be thinking of critical questions and ideas in advance. Leave ample time for the session, include meals on site, select a time of the month when sales staff are not trying to meet approaching deadlines. 2. Clear your heads. Pick a time of day and week when everyone can be fresh, to focus on the purpose at hand. Only allow creativity be the framework for conversation-don’t stray into a chronic problem solving session-keep that for standing meetings. Do a bit of research on how to be ‘creative’ and relaxed in this kind
can’t be done on demand. Plan time for creatively considering how to help your sales staff enhance their efforts. This allows high-performance professionals to shift gears from overdrive to a calm cruising speed. The results can reinvigorate both people and the processes they use to achieve their next set of sales goals.
of a meeting-it is very different than a normal sales meeting; perhaps you aren’t the one to run it-look about you for the right leader for this session. 3. Time. Set aside a large block of time that allows for a slower-paced meeting environment than normal, standard information-out sessions. Plan the agenda to allow for ice-breaker example questions and answers, individual insights to be shared, bestpractices to be identified by each person present. And be sure the format of your meeting allows introverts and extroverts alike to fully participate. 4. Set the tone. Right up-front, clearly state what you want the meeting environment to be like. Encourage ideals and ‘what-if’ conversations to be initiated. Specifically set time to talk through complex ideas, take “quiet time” breaks and set a timer, so everyone can have personal time to think through their ideas, points, and possibilities, before reporting out. 5. Push the envelope when brainstorming. Encourage as many out-ofthe-box “What-if-we-did-x?” questions to be asked, before you attempt to dissect any of them. 6. Have patience. Don’t demand answers to all questions and ideas. Creativity requires thoughtful cerebral effort, and time; often a good deal more time and cerebral energy than you will have available in one session. 7. Document initial results. Capture ideas, information, and questions. Share them with everyone soon after the meeting. If you can, identify specific action items assigned to individuals to encourage continued consideration of the topics generated, and accountability. 8. Let ideas simmer a while. Before you leave this first meeting, set a
date for the next session, and identify the purpose. This keeps everyone looking forward. 9. Finalize plans and goals. At the next session(s), define your new targets, activities, opportunities. 10. Schedule tune-ups. Creativity sessions gain value when you monitor the effectiveness of newly implanted ideas, and hold tune-up sessions outside of normal operational meetings a few times a year. Creativity can’t be done well when people are tired or distracted, and it
IP
CPA T
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Cheryl Kane, is a strategic business consultant, sales trainer, & professional speaker specializing in strategic planning and service quality. If you seek assistance in growing your business, need a business speaker, or have a topic you would like to see in this column, Cheryl welcomes your communication at email: CherylKane@cherylkane.net.
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12 January 2020
News-
News from www.Businesstodaync.com
Microsoft to create 500 new jobs in Wake Dec. 17. Microsoft Corp. will invest $47.5 million and add 500 new jobs in the Wake County town of Morrisville, just west of Raleigh. This comes on top of an expansion announced in Charlotte that will create 430 jobs with a $23 million investment. “When tech giants choose North Carolina, they join a thriving technology hub with the largest research park in the nation,” said NC Commerce Secretary Anthony M. Copeland. Over the course of the 12-year term of the grant, the project is estimated to grow the state’s economy by nearly $2.1 billion. “This expansion affirms the value that Microsoft finds in our world-class
research universities, innovative research and development network, and strong pipeline of tech talent,” Cope-
land said. The NC Department of Commerce led the state’s effort around the expan-
sion. Although wages will vary depending on the position, the average for all new positions could reach up to $125,354. The current average annual wage in Wake County is $58,138. Microsoft’s project in North Carolina will be facilitated by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee earlier today. N.C. Sen. Wiley Nickel said Microsoft’s expansions further cement “North Carolina as a booming ecosystem for startups and large information technology companies.”
Allen Tate raises $144K for public education
Cataler plans 2nd plant in NC in Hickory Dec. 18. Cataler North America, a major manufacturer of catalysts for automobiles and engines, will spend $42 million on a new manufacturing plant in Hickory, creating 151 jobs. Cataler North America is a whollyowned subsidiary of the Cataler Corp., a Japanese-based firm that operates seven plants across the globe. Cataler North America, established in 2002, is located in Lincolnton where it has a 100,000 square foot manufacturing facility. The company currently employs 378 people in North Carolina. Payroll at the new plant, also 100,000
square feet, will be about $7 million a year. The NC Department of Commerce led the state’s support for the company during its site evaluation and decisionmaking process. The Cataler project will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee. Over the course of the 12-year term of the grant, the project will add an estimated $414 million to North Carolina’s economy.
Dec. 17. Regional events sponsored by Allen Tate this past fall brought in $144,000 for public education in the Carolinas. Allen Tate’s FUNday 22year total is $2.35 million. FUNday is a fundraising event where agents and professional staff come together in a social setting, with vendor sponsors. For the first time this year, five regional events were held throughout Allen Tate regions in North and South Carolina. There were two Charlotte events: “An Evening Well Spent” at Providence Country Club and “Country Club ParTee” at Northstone Country Club in Huntersville. Nearly 1,200 Allen Tate Realtors, employees, vendors and guests attended. Festivities included silent and live auctions, raffles, wine pulls, games, live music and other activities to raise
funds for local schools and educational foundations. “It’s amazing what can happen when we all come together for the common good. Each year, Allen Tate makes this commitment to public education, and each year, Tate people and community partners give it their all. I am so, so proud,” said Pat Riley, president and CEO, Allen Tate Cos. FUNday is part of the Tate Cares giving initiative, along with the company’s annual giving campaigns to benefit arts and cultural organizations and United Way agencies. The lifetime Tate Cares contribution since 1998 is $5.36 million. More than 40 local school systems, foundations and education organizations in North and South Carolina receive support from Allen Tate FUNday.
January 2020 Econ Outlook continued from page 1
Charlotte recently reclaimed the rank as the United States’s second largest banking city, home to Truist, the newlyformed merger of BB&T and SunTrust, along with being a key employment base for Wells Fargo, Ally Financial and Dimensional Fund Advisors. A Wells Fargo report noted that Charlotte is also growing as a tech hub, citing recent Microsoft and Lowe’s global technology center expansions. Charlotte has the nation’s highest growth of office rent, particularly in SouthPark, Ballantyne, along with Vitner the university and airport areas. “Charlotte may be the fastest-growing metro area in the country; this ramped up over the last year,” said Vitner. The value of Charlotte’s residential building permits remains among the highest in the nation. Vitner estimates that 150 people are moving to the Charlotte MSA every day. Not surprisingly, the incoming population is young and collegeeducated. Vitner said the addition of a Major League Soccer team aligns perfectly with Charlotte’s vibe. And home prices—at just 1.8 times the average income—means the Queen City is affordable compared to similar metro areas. “We’re a place young people want to move to,” said Vitner Where the young people come, the parents follow, said Riley. Retirees prefer Charlotte’s South Carolina suburbs and submarkets within city limits. And, in many cases, they’re sharing the housing. Riley said that 30% of young people are still living at home. But with interest rates at historic lows, rents at record highs, and two-thirds of millennial renters determined to buy a home, that trend may soon change. “Home ownership is not an interest rate issue anymore. It’s an affordability issue,” said Riley. A recent Wells Fargo report said that household formation is outpacing home building, meaning there are too few homes in markets—like Charlotte—with rapid job and population growth. Already, the city’s new homes are 23 percent more expensive than they were a year ago. While the surge of multi-family home building has slowed, apartment development is shifting away from lifestyle and luxury units in a few metro areas toward
more affordable units in suburban areas. Vitner predicts an “urbanization” of suburban areas over the next decade. “If you’re really worried about economic mobility and you live in Mecklenburg County, you can improve your situation
go economists acknowledge that the gig economy—Uber drivers and online job search forums—has altered how laborers engage with the market, meaning that the historically low unemployment rate can co-exist with low inflation.
“Consumer spending on durable goods, housing, capital spending and nonresidential structures collectively account for 20% ofGDP but over 100% of the decline in GDP during recessions. We have seen less of a boom in the most cyclical parts of the economy during this cycle, which may push a correction further out and ultimately make that correction less severe.” —Mark Vitner by moving to Gaston County,” said Vitner. A tight labor market has spurred another means of economic mobility. In September, average hourly wages for the bottom two-fifths of earners were up 4.4 percent over the previous year. Wells Far-
Employment in North Carolina grew at 2 percent over the past year, making the Tar Heel State a standout in the Southeast. Only Florida’s employment grew faster. But will the coming election year may
13
affect the economy negatively? “I do think that’s going to be a problem in the second half of the year. I don’t think it’s a problem that going to cause a recession,” Vitner said. His firm’s economic forecast shows real GDP growth slowing to under 2 percent over the next few months as business fixed investment slows. But the Federal Reserve’s quick reaction to the global financial crisis kept American banks strong, while fiscal stimulus and expanding energy industry has “propelled U. S. growth ahead of most other developed economies,” according to Riley the Wells Fargo report. This year, as part of an assessment of its monetary policy strategy and communications, the Federal Reserve Board conducted a series of “Fed Listens” events with workers around the country. “What they were hearing more and more was that the economy has never been better for them at any time in their lifetime,” said Vitner.
14 January 2020
On The Record
Business Today
THIS MONTH TRANSACTIONS…………….... 14-18 FORECLOSURES……………..........18 NEW CORPORATIONS………...18-19
REAL ESTATE TRANSACTIONS These recent property transactions in Cornelius, Davidson and Huntersville were recorded by the Mecklenburg County Register of Deeds.
Mecklenburg County 11/27/19 $995,000 Jonas & Martha Kihlgren to Michael & Amy Wing, 17048 Jetton Rd., Cornelius 11/27/19 $1,000,000 Keith & Terri Bishop to David & Amanda Stophel, 15825 N. Point Rd., Huntersville 11/27/19 $2,755,000 Brett & Mary Kay Portaro to Joseph Mazzo, 19801 Bustle Rd., Cornelius 11/27/19 $305,000 Than & Kieu Ho to The Kieu Oanh Dang & Hung Quoc Vo, 9816 Skybluff Cir., Huntersville 11/27/19 $318,000 Opendoor Property Trust I to Lucas Baker & Amanda LaVelle, 13239 Hidcote Ct., Huntersville 11/27/19 $1,328,000 Frank & Lynn Manis to Steven & Theresa Sellin, 18817 Coveside Ln., Cornelius 11/27/19 $403,500 Taylor Morrison of Carolinas to Scott & Michele Horvath, 15111Keyes Meadow Way, Huntersville 11/27/19 $497,000 Jen. Infer & Elinos Whitlock III to James & Karen Adding, 14120 Rhiannon Ln., Huntersville 11/27/19 $287,000 Ryan & Erin Turk to Tammy Poler, 20276 Harroway Dr., Cornelius 12/2/19 $397,000 Josh & Ashley Wise to Michelle & William Foley II, 14117 Hiawatha Ct., Huntersville 12/2/19 $312,000 Todd & Erin Glory to Edwin & Thishana Mumford, 219 Quail Crossing, Huntersville 12/2/19 $768,000 Ridgemont Construction to Neeraj Jindal, 904 Naples Dr., Davidson 12/2/19 $281,000 Shannon Lassiter to Cerberus SFR Holdings III, 15507 Troubadour Ln., Huntersville 12/2/19 $510,000 Legacy Pointe Properties to Roger Skeen, 10402 Bailey Rd. Unites 505 & 506, Cornelius 12/2/19 $340,000 Zachary Wasylyna to Timothy Bell & Amanda Harrell, 14428 Holly Springs Dr., Huntersville 12/2/19 $381,000 Gregory & Jennifer Heiler and Jared Heiler & Katherine Grantham to Steven & Glendas Bennett, 15932 Woodcote Dr., Huntersville 12/2/19 $310,000 Jerry & Heather Vassey to Cherece Hatcher, 15608 Waterfront Dr., Huntersville 12/2/19 $420,000 Standard Pacific of the
19801 Bustle Road in Cornelius for $2,755,000 Carolinas to Diogo & Thea Silva De Souza, 16714 Setter Point Ln., Davidson 12/3/19 $360,000 Fred & Michelle Arooji to Jeffrey Carnahan & Heather Thomasson, 82445 Dumphries Dr., Huntersville 12/3/19 $309,000 Opendoor Property C to Ben & Taylor Joyner, 12605 Kemerton Ln., Huntersville 12/3/19 $2,300,000 Paul & Tammy Ramsay to Dara & Robert Whiteing Jr., 18137 Sunset Cove Ln., Cornelius 12/3/19 $293,000 Derek & Rebecca Barrow to Jacob Frye & Alexandra McGill, 6713 Garden Hill Dr., Huntersville 12/4/19 $310,00 Manisa & Ben Wozniak to Addison Palko & Kaitlyn O’Brien, 20803 Brinkley St., Cornelius 12/4/19 $686,000 John & Barbara Lavella to Gary & Jane Geiken, 18303 Indian Oaks Ln., Davidson 12/4/19 $3538,000 Lisa Dubois to Jason & Jennifer Patrick, 10530 Quarrier Dr., Cornelius 12/4/19 $250,000 Steve & Holly Dudzic to Clifford & Loretta Depka, 9045 Glenashley Dr., Cornelius 12/5/19 $422,500 Jerry & Linda Broadway to Kevin & Deborah McKenzie, 6320 Savannah Grace Ln., Huntersville 12/5/19 $682,000 John & Kristina Corry to Richard & Maureen Pond, 18908 Henry Lee Knox Ln., Cornelius 12/5/19 $331,000 John & Kathleen glover to Derek & Erica Toole, 13222 Hidcote Ct., Huntersville 12/5/19 $285,000 Abigail & Christopher Uthe Jr. to Dana Plummer, 9215 Island Overlook Ct., Cornelius 12/5/19 $450,000 Patrick Tobler & MariePierre Capistran to Stacy & Randolph Bond, 5805 Sandowne Ln., Huntersville 12/5/19 $590,000 Estate of Dale Hughes to
Charles & Sandra Osborne, 18445 Carnegie Overlook Blvd., Davidson 12/5/19 $380,000 Darryl & Carol Miller to Doreen& Michael Duggan, 21522 Gulfstar Ct., Cornelius 12/5/19 $391,000 Junyne & Lafarrell Lloyd to Chelsea & William Lennon Jr., 6333 Savannah Grace Ln., Huntersville 12/5/19 $296,000 River Run LP to Adam & Tess Levinson, 16610 Reinsch Dr., Davidson 12/5/19 $344,000 Barbara Howell to Cory & Samantha Scott, 17429 Harbor Walk Dr., Cornelius 12/5/19 $490,000 David & Shelley Little to Robin & Thomas Jahn, 20437 Harborgate Ct. Unit 703, Cornelius 12/5/19 $258,000 Blair Arledge to Lee Underwood, 10520 Meadow Crossing Ln., Cornelius 12/5/19 $3,150,000 Taylor Leasing Enterprises to Investicore Prop CO 3, FLot 1 (1.315 acres) Huntersville Plaza, Huntersville 12/5/19 $435,000 Robert & Megan Lehane to Richard & Laura Brady, 20427 Tamara Oak Dr., Cornelius 12/5/19 $361,000 George & Jodi Betts to Opendoor Property Trust I, 15021 Parsons Ridge Ln., Huntersville 12/5/19 $306,000 Opendoor Property N to Prayog Kadel & Rachana Shrestha, 14916 Colonial Park Dr., Huntersville 12/9/19 $260,000 Alfredo Acevedo & Luz Casanova to Jonathan Castro, 13615 Aldenbrook Dr., Huntersville 12/9/19 $296,000 Glenda Voss to Robert Dry, 9127 Glenashley Dr., Cornelius 12/9/19 $242,000 Susan Karn to Colin Davis Jr., 18224 Taffrail Way, Cornelius 12/9/19 $255,000 Tracy & Todd Lohse to Matthew & Keli Jones, 11329 Heritage Green Dr., Cornelius
12/9/19 $550,000 Christopher & Julie Wilkinson to George & Jodi Betts 14223 Old Vermillion Dr., Huntersville 12/10/19 $355,000 Kevin & Kellee Olmsted to Michael & Brittany Wyenberg, 15723 Taviston St., Huntersville 12/10/19 $328,000 Michael & Joanna Bates to Brittney Pardini, 12835 Heritage Vista Dr., Huntersville 12/11/19 $236,000 Jennifer Stone to Jennifer Gerber, 18611 Bonham Ln., Cornelius 12/11/19 $422,000 Thomas & Janice Kurek to Michael & Shirley Griffin, 17116 Courtside Landing Dr., Cornelius 12/11/19 $241,000 Juan Quintero & Marisol Acosta to Kristyn & Neville Painter, 19529 Heartland St., Cornelius 12/12/19 $228,000 Opendoor Property C to Robert Walters, 10711 Meadow Crossing, Cornelius 12/12/19 $254,000 Robert & Kathy Ward to Frances Smith, 19406 East Batery St., Cornelius 12/12/19 $355,000 Christopher & Cynthia Horton to Stephanie & Whitaker Augler Jr., 15907 Cranleigh Dr., Huntersville 12/12/19 $326,000 Allison Smith & Robert Harty to Lori & James Belk, 8800 Taunton Dr., Huntersville 12/12/19 $266,000 Darren & Stephanie Berkman to George & Sarah Greene, 6908 Tanners Creek Dr., Huntersville 12/12/19 $428,000 Patrick & Nicole Keaton to Frank Sizer III, 22230 Market St., Cornelius 12/12/19 $435,000 Jeannie Phillips to Henry Furches, 18315 Glenealy Dr., Cornelius 12/12/19 $695,000 Michael & Christina Rouleau to Allan & Marsha Egeth, 17040 Piermont St., Davidson 12/13/19 $317,000 Ethan & Emily Janzen to Jonathan & Rebecca Spooner, 9004 Torrence
Business Today Crossing Dr., Huntersville 12/13/19 $326,500 NVR Inc. to Curtis & Cierra McGill, 12603 ES Draper Dr., Huntersville 12/13/19 $257,000 Andrew & Melissa Kruep to Ashley Miles, 8164 Bridgegate Dr., Huntersville 12/13/19 $1,167,000 Clifford Farris to Charles & Grace Pear, 7107 Windaliere Dr., Cornelius 12/13/19 $772,500 Classica Homes to Hames Dishing & Jill Driscoll, 17744 Jetton Green Loop, Cornelius
Iredell County 11/12/19 $779,000 KAAPA Properties to Adam N. & Cheryl L. Welch, 112 Bells Run Ct. 28117 11/12/19 $292,000 Edgar & Suzanne Lupo to Michelle Lynn Croft, 123 Tall Fern Loop 28117 11/12/19 $366,500 Niblock Homes to Debra M. Callen, 128 Holly Ridge Dr. 28115 11/12/19 $443,500 Essex Home Southeast
14223 Old Vermillion Drive in Huntersville for $550,000 12/13/19 $418,000 William & Susan Ballard to Neil & Michelle Joyce, 15112 Hugh McAuley Rd., Huntersville 12/13/19 $380,000 Elizabeth Jackson & Seth Chadbourne to Kimberly Barta & Jeffrey Wallin, 316 Caldwell Ln., Davidson 12/13/19 $243,000 Gary Swanson to Zachary Rodriguez, 19927 North Cove Rd., Cornelius 12/16/19 $300,000 Jeanne Jordan to Stephen Crull, 16510 Spruell St., Huntersville 12/16/19 $1,431,475 Watermark Lake Norman to Carl Foulks Jr., 19329 Watermark Dr. Unit 361, Cornelius
More Mecklenburg Transactions online at www.BusinessTodayNC.com
January 2020
ON T HE RECORD
to Jason & Jennifer Stevenson, 113 Mackinac Dr. 28117 11/12/19 $1,200,000 Dean & Tina Sellers to Kurt & Terri Stephenson, 129 Kelly Cove Ct. 28117 11/12/19 $266,000 Joneka B. Smith to Cerberus SFR Holdings III, 149 Sequoia St. 28117 11/13/19 $380,500 D.R. Horton to Priya Shingade & Ketan Kolekar, 109 Yellow Birch Loop 28117 11/13/19 $258,000 Piedmont Landco to Morris Enterprises of Lake Norman, 1249-C River Hwy. 28117 11/13/19 $820,000 Gerald Scott Broderick to Edward & Natalie Belanger, 105 Quail Ln. 28117 11/13/19 $369,000 D.R. Horton to Kyle Avery
& Brittany Steele, 149 Longleaf Dr. 28117 11/13/19 $315,000 Danny Price Mundy to JBR Custom Homes, 221 Big Indian Loop 28117 11/13/19 $595,000 Matthew L. Murphy to Robert & Sheila Snidow, 123 Palos Verde Dr. 28117 11/13/19 $322,000 D.R. Horton to Albert & Barbara Gore, 144 Longleaf Dr. 28117 11/14/19 $254,500 William & Judy Bergenson to SPH One LLLP, 178 Madelia Pl. 28115 11/14/19 $305,000 Richard & Carrie Webb to William & Brooke Tylor, 152 Trotter Ridge 28117 11/14/19 $264,000 Robert & Vina Boyd to Cha Xiong, 119 Gossett Ct. 28115 11/14/19 $436,500 D.R. Horton to Bruce & Lynn Haniford, 122 Sweet Leaf Ln. 28117 11/14/19 $267,000 Robert & Amanda Nguyen to Benjamin & Sesley Larson, 119 Willow Valley Dr. 28115 11/14/19 $262,000 William & Nicole Allen to The Bert Group, 121 Frost Cliff Ln. 28117 11/14/19 $645,000 Nanney Property Group to DLE Properties, 114 Eastbend Ct. Ste. 4 28117 11/15/19 $294,000 Ribbon Home SPV I to Paul & Cathy Zanowski, 137 Chertsey Dr. 28115 11/15/19 $410,000 Eastwood Construction to Joseph & Diane Torchio, 111 Bushney Loop 28115 11/15/19 $332,000 Jerry & Jacqueline Phelps to Logan J. Hoffman, 820 E. Iredell Ave. 28115 11/15/19 $289,000 Hannah Westbrook & Robert DuPree to William & Judy Bergenson, 115 River Birch Cir. 28115 11/15/19 $290,000 Joan Church Sherrill to Jonathon & Michelle Simpson, 155 Deerwood Ln. 28117 11/15/19 $271,500 Aaron & Kerri Montgomery to Joshua & Amy Hudson, 227 Madelia Pl. 28115 11/15/19 $3,650,000 Michael & Mary Lamach to Christopher & Heather White, 107 Eastham Ct. 28117 11/15/19 $389,500 D.R. Horton to Paul & Patricia Goldberg, 244 Preston Rd. 28117 11/15/19 $556,500 IQ Custom Construction to Jeff & Michele Morgan, 441 Beaten Path Dr. 28117 11/15/19 $842,500 Timothy & Sandra West
Billing Address: PO BOX 2844 Huntersville, NC 28070 Phone: 704-947-9933
15
to Mitchell & Esmirna Phelps, 136 Wellfleet Ln. 28117 11/15/19 $359,000 D.R. Horton to Seung Yul Choe, 139 Longleaf Dr. 28117 11/15/19 $394,500 D.R. Horton to Robert & Leah Barber, 124 Sweet Leaf Ln. 28117 11/15/19 $640,000 Richard V. Pacella Jr. to Jeffrey & Deborah Martin, 288 Indian Trl. 28117 11/15/19 $399,000 David W. Graybill Jr. to Aaron & Kerri Montgomery, 181 Lockbrie Ln. 28115 11/15/19 $515,000 James E. Hare to Adam & Theresa Baker, 718 Big Indian Loop 28117 11/15/19 $1,325,000 John & Camille Pepin to Cathy & Christopher Franklin, 108 Yacht Rd. 28117 11/18/19 $700,000 Peachtree Residential to Julian & Sheree Abery, 2584 Brawley School Rd. 28117 11/18/19 $287,000 D.R. Horton to Mark D. Adams, 112 Boatwright Ln. 28117 11/18/19 $700,000 Clyde & Anna Brown to 1021 Allen LLC, 513 Big Indian Loop 28117 11/18/19 $310,000 Antonio & Jamie DeCicco to Robert & Jackie Giannelli, 138 W. Warfield Dr. 28115 11/18/19 $285,000 Kenneth F. Frady to Jeff Scott Lipman, 115 Bufflehead Dr. 28117 11/18/19 $352,000 Robert Keith Gibson to Mike & Molly Murray, 223 Chandeleur Dr. 28117 11/19/19 $285,000 D.R. Horton to Antonio & Jamie DeCicco, 114 Boatwright Ln. 28117 11/19/19 $292,500 D.R. Horton to Ian & Lisa Laughlin, 165 Atwater Landing Dr. 28117 11/19/19 $473,000 Homer & Mary Todd to Jeffrey & Cynthia Todd, 536 Oak Tree Rd. 28117 11/19/19 $680,000 Kathryn & Matthew Engen to Martin & Kathryn Manigross, 328 Whippoorwill Rd. 28117 11/19/19 $666,000 Legacy Constructors to Devin & Laurie Wylie, 258 Sink Farm Rd. 28115 11/20/19 $440,000 Dominic Cannizzaro to Daniella & Abu Kanu, 274 Corona Cir. 28117 11/20/19 $690,000 Timothy & Sherrie Garrett to Troy & Kathleen Yarborough, 105 Kings Crest Dr. 28117 11/21/19 $352,500 ALMS Properties to Wade & Susan Koral, 1871 Mecklenburg
ONSITE EMBROIDERY
continued on page 16
15725 Old Statesville Rd. Huntersville 15725 Old Statesville Rd. Phone: 704.947.9933 • Fax: 704.947.8833 info@awardsnorth.com • www.awardsnorth.com Huntersville, NC 28078
16 January 2020
Business Today
O N T HE RECORD
continued from page 15 Hwy. 28115 11/21/19 $307,000 Venkata & Aswani Karatuni to Ronelle & Shelly Burns, 114 Waterlynn Club Dr. 28117 11/21/19 $300,000 Thomas & Julie Manning to Aditya & Amrita Chauhan, 103 Farmers Folly Dr. 28117 11/21/19 $408,000 Barbara Izzo to Clifford E. Adams, 164 Snow Fountain Ln. 28115 11/21/19 $269,000 Charles & Jo Ann Wooten to Barbara Izzo, 105 Ivy Creek Ln. 28115 11/21/19 $371,000 Derek J. Granger to Robert & Debarah Beshears, 637 Williamson Rd. Unit 209 28117 11/22/19 $310,000 Lennar Carolinas to Kevin & Lori Ann Catine, 106 Eden Ave. 28115 11/22/19 $677,000 William & Julie Sigler to Andrew & Kacey Grebe, 400 Bayberry Creek Cir. 28117 11/22/19 $355,000 Charles & Sheelah Bolmer to Kelly Reese, 132 Monument Ct. 28115 11/22/19 $400,000 Jeffrey & Lauren LaRoche to Kenneth & Brittany Uhll, 116 Sansome Rd. 28115 11/22/19 $1,025,000 D. Robert & Janet Ayers to Kyle & Abbey Vinansky, 186 Fawn Ln. 28117 11/22/19 $369,000 Eastwood Construction to Jonathan & Carly McDonald, 118 Caversham Dr. 28115 11/22/19 $250,000 Foley Home Sales to Ronald & Mariah Otto, 115 Grasslands Dr. 28115 11/22/19 $272,000 Kurt Ellinger to Opendoor Property Trust I, 140 Trotter Ridge Dr. 28117 11/22/19 $278,000 D.R. Horton to Robert & Laurie Ladwig, 159 Atwater Landing Dr. 28117 11/22/19 $362,500 D.R. Horton to Lawrence & Ashley Parish, 157 Longleaf Dr. 28117 11/25/19 $610,000 Barbara Greiss to William & Nicole Allen, 518 Stonemarker Rd. 28117 11/25/19 $700,000 William & Elizabeth Payne to Harvey & Kristi Gouch, 184 Knoxview Ln. 28117 11/25/19 $292,000 Sam & Gail McLean to Earl & Pamela Killian, 160 Beracah Rd. 28115 11/25/19 $341,000 Catherine W. Forquer to Brian Kaczynski, 431 Catalina Dr. 28117 11/25/19 $265,500 D.R. Horton to Frances &
18303 Indian Oaks Lane in Davidson for $686,000 Dominic Huang, 120 Southhampton St. 28115 11/25/19 $326,500 Eastwood Construction to Satheesh Rajendran, 120 Toxaway St. 28115 11/26/19 $570,000 Gregory & Lisa Ryan to Richard & Carrie Webb, 166 W. Calicutt Trl. 28117 11/26/19 $410,000 Jean Craig Long to Kevin & Laurel Harry, 150 Montclair Dr. 28115 11/26/19 $265,000 Audra Eaton Barbour to Louis & Laura Gregori, 266 River Birch Cir. 28115 11/26/19 $325,500 Susan L. Webber to Richard & Sandra Zerby, 114 Clear Springs Rd. 28115 11/26/19 $425,000 John & Rebecca Brown to Thomas & Cariann Williams, 341 Bay Harbour Rd. 28117 11/26/19 $415,000 John & Anita Stackhouse to Peter & Brenda Allen, 120 Jess Ct. 28117 11/26/19 $353,000 Kyle W. Teeters to Monica Rochelle Paszek, 141 Yellowbell Rd. 28117 11/26/19 $267,500 D.R. Horton to Sharon N.
Bostic, 112 Kingsway Dr. 28115 11/26/19 $307,000 D.R. Horton to Michael & Catherine Johnson, 139 Chance Rd. 28115 11/26/19 $765,000 Donald & Kathleen Bernard to Bryan & Meredith Hill, 182 Old Post Rd. 28117 11/26/19 $490,000 BMCH North Carolina to Erik & Belinda Enyart, 164 Turtleback Dr. 28115 11/27/19 $264,000 Richard & Barbara Doucette to Joseph & Judith O’Malley, 131 Northland Ave. 28115 11/27/19 $293,500 D.R. Horton to Anil Chalamalasetty & Chaitanya Talupula, 104 Chance Rd. 28115 11/27/19 $400,000 Wayne & Maureen Enroth to Eric & Wendy Warner, 719 Kemp Rd. 28117 11/27/19 $2,200,000 Howard & Mary Bryan to East Plaza Dr. LLC, 179 River Park Rd. 28117 11/27/19 $460,000 Nest Homes to David & Heather Gschnell, 219 Country Lake Dr. 28115
11/27/19 $375,000 Nest Homes to Ryan & Tiffanie Wilson, 197 Country Lake Dr. 28115 11/27/19 $432,000 BMCH North Carolina to Anthony & Courtney Holmes, 165 Turtleback Dr. 28115 11/27/19 $492,000 Holly & Brain Gantt to Sherma S. Morton, 421 Greenbay Rd. 28117 11/27/19 $1,650,000 Rodney & Katrina Childers to Jason K. Soto, 181 Vineyard Dr. 28117 11/27/19 $260,000 Opendoor Homes Phoenix 2 LLC to Mary Bryant & Sheri Shadley, 102 Shephard Hill Dr. 28115 12/2/19 $725,000 The Entrust Group to Jeffrey & Lisa Keadle, 164 Elysian Dr. 28117 12/2/19 $433,500 Mark & Dana Hemple to Richard & Dixie Carpenter, 213 Lavender Bloom Loop 28115 12/2/19 $275,000 D.R. Horton to Bradley & Caitlin Wilbanks, 116 Kingsway Dr. 28115 12/2/19 $610,000 Fred & Beverly Anthony to Anthony & Lisa Wright, 170 Canvasback Rd. 28117 12/2/19 $1,689,000 Nest Homes to Exemplar
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Holdings, 151 Little Indian Loop 28117 12/2/19 $605,500 Nancy S. Moll to Daiana & Matthew Hayden, 147 Gainswood Dr. 28117 12/2/19 $349,000 D.R. Horton to Brian K. Adimey, 142 Carolina Ash Ln. 28117 12/2/19 $343,000 Jordan & Lucas Maas to SPH One, 176 Rainberry Dr. 28117 12/3/19 $270,000 THR North Carolina II to Cameron & Laura Laliberte, 182 Winterbell Dr. 28115 12/4/19 $619,000 Craig Greene & Jennifer
O n T he Record 12/6/19 $300,000 Earl & Donna Safin to Jeffery & Cheryl Nagle, 136 Gray Cliff Dr. 28117 12/6/19 $1,400,000 B&G2 to EGRE Properties, 105 Bevan Dr. 28115 12/6/19 $348,000 Gregory & Deanna Duncan to Kelli Andonian & Christopher Carter, 121 Biscayne Ct. 28117 12/6/19 $803,000 Matthew & Traci Krampert to Christopher & Alyssa Berglund, 268 Milford Cir. 28117 12/6/19 $487,000 Lewis F. Carpenter Con-
108 Yacht Road in Mooresville for $1,325,000 Malone to Rene & Shanie Sanchez, 159 Huntington Ridge Pl. 28115 12/4/19 $365,000 Wayne & Linda Dobey to Richard & Suzanne Woods, 245 Winthrow Creek Rd. 28115 12/5/19 $915,000 Wayne & Anne DelTufo to Scott & Charity Ellis, 260 Queens Cove Rd. 28117 12/5/19 $296,000 D.R. Horton to Christina Tepedino, 184 Atwater Landing Dr. 28117 12/5/19 $765,000 Edmund & Michele D’Orazio to Bonnie & John Tuma, 160 Pinnacle Shores Dr. 28117 12/5/19 $835,000 Reginald & Susan King to Benjamin & Brandi Pollock, 132 Sunstede Dr. 28117 12/5/19 $935,000 Boris & Emily Kokotovic to Paul & Karina Batt, 115 Dedham Loop 28117 12/6/19 $357,500 Eastwood Construction to Karen & Michael Lambert, 115 Toxaway St. 28115 12/6/19 $3,950,000 EGRE Properties to Debotech Properties, 130 Infield Ct. 28117 12/6/19 $475,000 Zincab Properties to Norlene Rae Hearidge, 130 Patternote Rd. 28117 12/6/19 $335,000 Opendoor Property N to Norlene Rae Hearidge, 135 Cherry Bark Dr. 28117 12/6/19 $360,000 Wilson & Dexter Warlick to Nathan & Jonni Carothers, 168 Warlick Dr. 28117 12/6/19 $475,000 Kevin & Ann Skidmore to Katherine & Juan Reyes, 225 Woodstream Cir. 28117
struction to Gregg & Lora Stevenson, 115 Orchard Farm Ln. 28117 12/6/19 $426,500 D.R. Horton to James & Jennifer Brumbaugh, 248 Preston Rd. 28117 12/9/19 $417,000 NVR to Matthew & Traci Krampert, 166 Beacon Dr. Townhouse B 28117 12/9/19 $292,500 Eastin & Kimberlie DeVerna to Michael & Vickie Dematteis, 148 Paradise Hills Cir. 28115 12/9/19 $309,000 Eastwood Construction to Pahalavaraj Sundararaj, 127 Toxaway St. 28115 12/9/19 $495,000 Robert & Dawn Cahn to Daniel & Crystal Isaacs, 137 Shavender Dr. 28117 12/9/19 $288,000 M/I Homes of Charlotte to Kaitlin A. Mattingly, 172 Willow Valley Dr. 28115 12/9/19 $290,000 D.R. Horton to Edward Powell & Sharon Gray, 188 Cherry Birch St. 28117 12/9/19 $440,000 NVR to Donald Christopher Cedrone, 166 Beacon Dr. Townhouse A 28117 12/10/19 $257,000 Brian & Jennifer Wymer to Karen A. Knipper, 109 Middle Grove Dr. 28115 12/10/19 $274,000 D.R. Horton to Hannah McCarthy & Jeffery Telling, 126 E. Northstone Rd. 28115 12/10/19 $299,500 Lake Vision Development to Steven Marchello, 139 Early Frost
Ln. 28115 12/10/19 $390,000 Barry & Arleen Weiss to William & Laurie Street, 209 Flowering Grove Ln. 28115 12/10/19 $255,000 William & Judy Taveras to Cerberus SFR Holding III, 130 Colville Rd. 28117 12/10/19 $450,000 Douglas & Shelly Fox to Katherine N. Ingle, 113 Windy Knoll Ln. 28117 12/11/19 $585,000 Thornton & Rebekah Brooks to Andrew & Heather Miller, 238 Riverbend Dr. 28117 12/11/19 $448,500 Jeffrey & Marie Jarvis to Shaun & Tessa Kelly, 341 Marietta Rd. 28117 12/11/19 $255,000 Matilda R. Coyne to Arleen & Barry Weiss, 523 Woodberry Dr. 28115 12/12/19 $350,000 David Donovan & Richard Plotts to Lelia Ann Veltri, 383 Montibello Dr. 28117 12/12/19 $428,000 Eastwood Construction to John & Crystal Franklin, 124 Bushney Loop 28115 12/12/19 $335,000 Julian & Jacqueline Barker to Pinnacle Properties of Lake Norman, 166 White Horse Dr. 28117 12/12/19 $342,500 Harry & Melinda New to Luis Martinez, 285 Montibello Dr. 28117 12/12/19 $435,000 D.R. Horton to Galen & Shaytrah Hardy, 240 Preston Rd. 28117 12/12/19 $307,000 Steven Yeager & Janet Finney to Zachary & Kristin Brown, 212 Forest Walk Way 28115
January 2020
17
12/12/19 $430,000 Michael & Jessica Taylor to Zegin Braun & Laura Spak, 159 Wood Duck Loop 28117 12/13/19 $462,000 Vaughn & Ashley Stevenson to Tyler & Karleen Rehrer, 118 Trent Pines Dr. 28117 12/13/19 $475,000 Carla P. Porter to David & Valerie Landers, 123 Rutan Ct. 28117 12/13/19 $750,000 Michael & Jennifer Plaster to Boris & Emily Kokotovic, 154 Torrence Chapel Rd. 28117 12/13/19 $335,000 D.R. Horton to Gregory & Melanie Schmidt, 132 Longleaf Dr. 28117 12/13/19 $340,000 D.R. Horton to Andrew & Barbara Johnson, 138 Longleaf Dr. 28117 12/13/19 $1,750,000 Wesley C. McLeMore to William & Tatiana Dyer, 116 Tweed Pl. 28117 12/13/19 $365,000 Frank & Irene Minicucci to Stephen & Deborah Johnson, 1029 Muirfield Dr. 28115 12/13/19 $3,778,000 Kenneth Brotherton to Earnhardt Farms, 1675 Coddle Creek Hwy. 28115 12/13/19 $332,000 D.R. Horton to Kurt & Sydonie Hickling, 122 E. Americana Dr. 28115 12/13/19 $450,000 Vicki Brawley to Johnny & Jennifer Turner, 2493 Charlotte Hwy. 28117 12/13/19 $305,000 Glenn & Spankey Brown to Lindsey McGaw & Luke Steimke, 126 Liberty St. 28115 12/13/19 $1,420,000 Contorno Holdings
continued on page 18
18 January 2020 continued from page 17 to Scripter Properties, 547 Isle of Pines Rd. 28117 12/13/19 $304,500 Eastwood Construction to Pukazh Chandrasekaran, 125 Toxaway St. 28115 12/13/19 $250,000 Tim Boatwright to Endurance Development LLC, 915 River Hwy. 28117
More Iredell Transactions online at www.BusinessTodayNC.com
FORECLOSURES Foreclosure actions have been started on the following properties. Items show the date foreclosure documents became public, owners, property address, lien holder, lien amount. After required notices are published, the property is sent to auction.The property then can be sold, not sold (examples: bankruptcy files or action dismissed without prejudice) or the sale postponed.
Mecklenburg County No Foreclosures
Past Mecklenburg Foreclosures online at www.BusinessTodayNC.com
Iredell County 11/20/19 Jan & Adrienne Berkowitz, 122 Alton Ct. 28117, Mortgage Lenders Network $997,600 11/27/19 Samuel & Mary Beth Smith, 111 Morrocroft Ln. 28117, Loandepot.com $201,600
Past Iredell Foreclosures online at www.BusinessTodayNC.com
NEW CORPORATIONS These businesses have registered with the N.C. Secretary of State.
Mecklenburg County 11/18/19 J & R Prime HR & Health Consultants Inc., Rhonda H. Evans, 22410 Market St. Apt. 2101, Cornelius 11/18/19 Next Gen Designs NC LLC, Daniel Cheveralls, 99 Jackson St. #551, Davidson 11/18/19 Tica Properties LLC, Lidia Magali Ingram, 9605 Caldwell Commons Cir. Ste. A,
Business Today
O n T he Record Cornelius 11/18/19 Vincent Dewayne Industries LLC, Anthony McCarver, 9815 J Sam Furr Rd. #219, Huntersville 11/19/19 CBD Charlotte LLC, Carl Jackson, 13016 Eastfield Rd. Ste. 200-284, Huntersville 11/19/19 CT71STINGER Inc., Christopher Thomas, 8908 Lizzie Ln., Huntersville 11/19/19 Velvet Hammer LLC, Kelly Hall, 13449 Glenwyck Ln., Huntersville 11/20/19 Berkley Group III LLC, Bonnie Newell, 19000 Davidson Concord Rd., Davidson 11/20/19 FCG of North Carolina PLLC, Martin M. Brennan Jr., 13801 Reese Blvd. W Ste. 110, Huntersville 11/20/19 Mannino & Associates Inc., Philip Mannino, 12705 McGinnis Ln., Huntersville 11/20/19 Melinda Rae Consulting LLC, Melinda Rae Durkee, 505 Northwest Dr., Davidson 11/20/19 Slash Stigma Inc., Alexandra Patton, 741 Peninsula Dr., Davidson 11/20/19 Tibi Street Partners LLC, Timothy D. May, 10112 Allison Taylor Ct., Cornelius 11/21/19 D & G Concepts LLC, Greg Janiak, 19424 Fridley Ln., Cornelius 11/21/19 Devinridge Resources LLC, Billy D. Gant, 13015 Eastfield Rd. Ste. 200-252, Huntersville 11/22/19 21228 Catawba LLC, Jesse C. Jones, 209 Delburg St. Ste. 203, Davidson 11/22/19 Balanced Health Therapeutic Massage LLC, Karen Overman Sherill, 8225 De Soto Aly, Huntersville 11/22/19 Carolina Rail Installers LLC, Cecil J. Richardson Jr., 13432 Fremington Rd., Huntersville 11/22/19 Douglas Adjusting LLC, United States Corporation Agents, 19625 Denae Lynn Dr., Cornelius 11/22/19 Eagle Loop LLC, Benjamin Gregory, 16514 Spruell St., Huntersville 11/22/19 HWCD Holdings LLC, Shawn A. Copeland, 215 S. Main St. Ste. 301, Davidson 11/22/19 Maniac Enterprises LLC, Debra Mace Paige, 17416 Tuscany Ln., Cornelius 11/22/19 Swanstone Partners LLC, Andrea Swanick, 112 S. Old Statesville Rd. Ste. 110, Huntersville 11/25/19 Altura Concrete Services LLC, Mauricio A. Medina, 10010 Hambright Rd., Huntersville 11/25/19 CPC Family Portfolio LLC, Christopher Couchell, 17115 Kenton Dr. Ste. 200A, Cornelius 11/25/19 Frost Bite Express LLC, Trumel S. Patterson, 15404 Crossing Gate Dr., Cornelius 11/25/19 H2 Motorsports Inc., Jennifer Yohe, 18340 Invergordon Ln., Cornelius 11/25/19 JAB Resources LLC, James Davies, 20323 Wilcher Ct., Cornelius 11/25/19 Lift Your Finances LLC, Jennifer Lauda, 9824 Caldwell Depot Rd., Cornelius 11/26/19 BTI Holdings LLC, Thomas C. Jeter III, 18525 Statesville Rd. Unit D-2, Cornelius 11/26/19 Marie’s Bakery & Café LLC, Alexis Marie Greer, 12502 Chickasaw Dr., Huntersville 11/26/19 Modern Learning Strategies LLC, United States Corporation Agents, 142 N.
Lynbrook Dr., Davidson 11/26/19 VSC Properties LLC, Vivian S. Cochran, 21705 Torrence Chapel Rd., Cornelius 11/27/19 601 Property LLC, Mike Ivie, 19830 Davidson Concord Rd., Davidson 11/27/19 Crickett LLC, Angela Casa, 19425-G Liverpool Pkwy., Cornelius 11/27/19 Delighted Hair Studio LLC, Emily Pope, 15013 Rosemary Way Dr., Huntersville 11/27/19 Eight28Mart LLC, Michael Flitcraft, 10343 Cane Creek Dr., Huntersville 11/27/19 FourFriends LLC, Chris Myatt, 19547 Denae Lynn Dr., Cornelius 11/27/19 GreenStory Global Government and Military Contracting LLC, J Edgar Halstead III, 200 S. Old Statesville Rd. Ste. 103, Huntersville
Gajewski, 17109 Freshwater Ln., Cornelius 12/4/19 Atlas Technology Solutions LLC, United States Corporation, 13319 Caite Ridge Rd., Davidson 12/4/19 Brandon Valent PLLC, Brandon Valent, 14235 Boren St. Apt. 208, Huntersville 12/4/19 Elevate Establishment LLC, Brandon Mahaffy, 19701 Bethel Church Rd. Ste. 103310, Cornelius 12/4/19 PAMF Legacy LLC, Perry Lee Mecum, 13333 Willow Breeze Ln., Huntersville 12/4/19 Seventy Seven Consulting LLC, Todd Lotich, 20311 Chartwell Center Dr. #1148, Cornelius 12/5/19 1st Care Kit LLC, Harold Thompson, 13016 Eastfield Rd. Ste. 200-276, Huntersville 12/5/19 Carolina Neuropathy Centers PLLC, Eric Allan Chandley, 19905 Catamaran Ct.,
H2 Motorsports, Matt Hurley, Cornelius 11/27/19 Preferred Restoration Claims LLC, Chad Maitland, 19701 Bethel Church Rd. Ste. 103-138, Cornelius 11/27/19 TLL Holdings Inc., Robert Cambruzzi, 19924 Jetton Rd. Ste. 203, Cornelius 12/1/19 The Fine and Fearless Lifestyles LLC, Grace Wright, 16501-H1 Redcliff Dr., Huntersville 12/2/19 Ameritocracy Holdings LLC, Charles Durham, 17616 Westward Reach Rd., Cornelius 12/2/19 Emerald Isle Consulting Service LLC, Jennifer Spence, 20336 Havenview Dr., Cornelius 12/2/19 JBC Family Real Estate Inc., Jesse C. Jones, 209 Delburg St. Ste. 203, Davidson 12/2/19 LKN Creations LLC, Elizabeth M. Wilson, 17417 Sail View Dr., Cornelius 12/2/19 Rae’s Enchantments LLC, United States Corporation Agents, 11011 Vanguard Pkwy., Huntersville 12/2/19 THAT’S LLC, Hoover A. Gutierrez, 15906 Old Statesville Rd. Ste. A, Huntersville 12/3/19 Carolina Herbals LLC, Jaime Dibble, 18820 Coachmans Trace, Cornelius 12/3/19 Cinn-sane Cinnamon Rolls LLC, Ronald B. Rutherford, 6714 Olmsford Dr., Huntersville 12/3/19 M3CAH LLC, Nikki L. Collins, 11916 Bryton Pass Ln. #2202, Huntersville 12/3/19 Too Many Trees LLC, Joseph A. Russo, 100 Worden Ct., Huntersville 12/4/19 ’84 Apparel Company LLC, Jeffrey
Cornelius 12/5/19 CDN Holdings LLC, Clarkston Hines, 8712 Lindholm Dr. Ste. 300, Huntersville 12/5/19 HYBRIDX LLC, David Yang, 18511 The Commons Blvd., Cornelius 12/5/19 My Hypno Health LLC, Linda M. Thunberg, 16870 Hugh Torance Pkwy., Huntersville 12/5/19 Patients Choice Regenerative Medicine PLLC, Eric Allen Chandley, 19905 Catamaran Ct., Cornelius 12/5/19 RIA Insurance Solutions LLC, Mike Mullan, 19520 W. Catawba Ave. Ste. 200, Cornelius 12/6/19 Boss Chick Apparel LLC, Alex Dewitt, 9949 Travertine Trl., Davidson 12/6/19 Carrozzella Cornelius LLC, William Carrozzella, 302 Houston St., Davidson 12/6/19 Carrozzella Huntersville LLC, William Carrozzella, 302 Houston St., Davidson 12/6/19 Duckworth’s #3106 LLC, Robert S. Duckworth Jr., 17818 Statesville Rd. #223, Cornelius 12/6/19 Fountainhead Academy LLC, Rooney Belizaire, 708 Hunters Rd., Huntersville 12/6/19 FTG Enterprize LLC, United States Corporation Agents Inc., 5626 Colonial Garden Dr., Huntersville 12/6/19 HIVE Foundation Inc., Brandon Mahaffy, 19701 Bethel Church Rd. Ste. 103-310, Cornelius 12/6/19 Premium Bottled Water Inc., Angela
Business Today Casa, 19425-G Liverpool Pkwy., Cornelius 12/6/19 REISHARKS LLC, John Babb, 20711 Rio Oro Dr., Cornelius 12/6/19 Riptide LLC, Grant Bomann, 6526 Colonial Garden Dr., Huntersville 12/6/19 Team Zack Attack Racing Inc., Angela Casa, 19425-G Liverpool Pkwy., Cornelius 12/9/19 Bakery 28 LLC, Keli Marks, 18719 John Connor Rd., Cornelius
More Mecklenburg New Corporations online at www.BusinessTodayNC.com
Cabarrus County 11/18/19 BGCC Support Inc., Valerie Melton, 247 Spring St. NW, Concord 11/18/19 BLA Holdings LLC, Ashlynne Bayne, 4873 Keeneland Pl. SW, Concord 11/18/19 Cash4Lights LLC, Roger Barker, 1011 Warren C Coleman Blvd., Concord 11/18/19 Chapter52 Designs LLC, Kimberly Curry, 2940 Rickenbacker Rd. Apt. 2517, Concord 11/18/19 Fortune Funding Solutions Inc., Anne Ramana Kumar, 1630 Shadow Creek St. NW, Concord 11/18/19 Shearer, D & S Enterprises LLC, Fred Shearer, 4420 Triumph Dr. SW, Concord 11/19/19 Gracefully Sorted LLC, Angela Harrison, 90 Church St., Concord 11/19/19 Moboxtek LLC, Trang Tran, 1253 Abbey Ridge Pl. NW, Concord 11/19/19 New Trails Workshop LLC, Jeffrey Scott Keegan, 9050 Lazy Ridge Ln., Concord 11/19/19 Noreika Holdings LLC, Richard Noreika, 21 Washington Ln. SE, Concord 11/19/19 Shellys Antiques & Wreaths LLC, Michelle Ronacher, 1789 Red Bird Cir., Concord 11/20/19 EJ Vista LLC, Jason Tan, 1446 Laraway Ct. NW, Concord 11/20/19 McKell Consulting LLC, Alicia McKell, 4660 NC 73, Concord 11/21/19 Chely Pressley DDS PLLC, Chely Pressley, 4699 Judge Pl. NW, Concord 11/21/19 Coffeetree LLC, Alpeshkumar D. Patel, 1483 Coffeetree Dr. NW, Concord 11/21/19 Infinity Leasing LLC, Deanne M. Haney, 354 George W. Liles Pkwy. NW Ste. 40, Concord 11/21/19 Perfect Place Valuation Services LLC, Adrianne Swogger, 29 Cabarrus Ave. E Apt. 201, Concord 11/22/19 Be Still Services LLC, Marlene Hnilica, 822 Kings Crossing Dr. NW, Concord 11/22/19 CBJS Acquisitions LLC, BLANQ INC., 5640 Yorke St. NW, Concord 11/22/19 The Pryor Empire LLC, Chancie Pryor, 2887 Mountcrest Cir. NW, Concord 11/25/19 Benham University LLC, Jason A. Oesterreich, 900 Branchview Dr. NE Ste. 125, Concord 11/25/19 Cain’s Corndogs Inc., Mark Cain, 2446 Buffalo Hills Dr., Concord 11/25/19 La Petite Beauty Spa LLC, Brittney Nguyen, 761 Bartram Ave., Concord 11/25/19 Mr. Fade A lot LLC, Philshad Barks-
O n T he Record dale, 732 Crown Point Cir., Concord 11/25/19 Savage Squared LLC, Engrid Savage, 4060 Clover Rd., Concord 11/26/19 Limitless RF LLC, Jon-Michael Devine, 8410 Pit Stop Ct. NW Ste. 150, Concord 11/26/19 MSI Homes LLC, Martin Sloane International LLC, 19 Union St. N, Concord 11/26/19 Renewable Energy Group LLC, Matthew Jones, 1309 Lily Green Ct. NW, Concord 11/26/19 V&L Drywall Inc., Andrea Alexandra Cruz Garcia, 3804 Grouse Dr., Concord
More Cabarrus New Corporations online at www.BusinessTodayNC.com
Iredell County 11/18/19 Charlotte Augusta Club Pilates LLC, Tanya R. Demattia, 766 Lakeview Shores Loop 28117 11/19/19 CMS Consultants LLC, Chad M. Schneider, 123 Craftsman Loop 28115 11/19/19 JA Bookkeeping Services LLC, Melanie Machutta, 115 Trotter Ridge Dr. 28117 11/20/19 Great AXEpectations LLC, Luciana Lilley, 1211 Bellingham Dr. 28115 11/20/19 JDR Realty LLC, Jorge Reyes, 508 Jakes Ridge Dr. 28115 11/20/19 RMB Real Estate LLC, Michelle Bundy, 127 Hunters Pointe Ln. 28117 11/20/19 White Stone Labs Inc., Gregg Sanders, 178 Cayuga Dr. 28117 11/21/19 Elevate Rehab and Sports Therapy LLC, Javin Sterner, 807 Williamson Rd. Ste. 106 28117 11/21/19 Southern Country Customs LLC, Brian P. Wade, 322 Rolling Hill Rd. 28117 11/21/19 The Treehouse Company LLC, Elizabeth P. Gibson, 251 Colony Dr. 28115 11/22/19 Boatyahd LLC, Jeffrey D. Kusz, 137 Keats Rd. 28117 11/22/19 RCSF LLC, Matthew Murphy, 105 Johns Pond Ln. 28115 11/22/19 View of A LLC, Alex Stewart, 114 Gleniris Trl. 28115 11/25/19 Anthony’s Custom Fabrication LLC, David R. Anthony, 254 Rolling Hill Rd. 28117 11/25/19 NAW Transport LLC, William Delosh, 372 Linwood Rd. 28115 11/25/19 Venteus LLC, Renick Morris, 144 Colborne Dr. 28115 11/26/19 Cost Plus Construction LLC, Ryan M. Burke, 115 Easton Dr. 28117 11/26/19 Luminasun LLC, Jeff Austin, 206C Joe Knox Ave. 28117 11/26/19 Sandoval Construction LLC, Hermes Solano, 139 Trotter Ridge Dr. 28117 11/27/19 For You Ministries, John Andrew Kirk, 202 Spring Run Dr. 28117 11/27/19 JS-TS Properties LLC, Terrance Sullivan, 201 Stonewall Beach Ln. 28117 11/27/19 Recovery Ventures US Inc., Kristen Wallace, 150 Oasis Dr. 28117 12/2/19 Alcove Holdings LLC, Richard W. Howard, 331 Alcove Rd. Third Floor 28117
12/2/19 Camacho Spray Foam Insulation of NC LLC, Miguel Angle Perez Moreno, 125 Mackwood Rd. 28115 12/2/19 High Tides Capital Partners LLC, Jacob Edward Hahn, 247 Presbyterian Rd. 28115 12/2/19 LordsCrypto Foundation Inc., Derek Granger, 127 Gannett Rd. 28117 12/2/19 Throw Some Warmth Foundation Inc., Theresa Lynn Padgett, 153 High Bluff Cir. Ste. A 28115 12/3/19 JJMC Capital LLC, Kinndy Rodriguez, 132 Joe Knox Ave. Ste. 100A 28117 12/3/19 LCA Athletic Booster Club Inc., Andrew Smith, 185 W. Waterlynn Rd. 28117 12/5/19 EHD Turner Properties LLC, Johnny Douglas Turner Jr., 2493 Charlotte Hwy. 28117 12/5/19 Feline Network Rescue Inc., Barbara Becker, 117 Island Cove Ln. 28117 12/5/19 LKN Solar LLC, Michael A. Beck Jr., 133 Paradise Hills Cir. 28115 12/5/19 Seymour Global Ventures LLC, Richard J. Lutzel, 542 Williamson Rd. Ste. 1 28117 12/6/19 Britches & Bows LLC, Julianne Christy, 2590 Brawley School Rd. 28117 12/6/19 Carolina Gold Shop LLC, Christopher Kruger, 161 Stibbs Cross Rd. 28115 12/6/19 HR UltraStar LLC, Toby Atkinson, 170 Eagles Landing Dr. 28117 12/6/19 TB12 Holdings LLC, Kimberly Gottberg, 119 Topsail Pl. 28117 12/9/19 Carolina Friends & Feathers LLC, Philip Edge, 116 Poinsettia Ln. 28117
January 2020
19
12/9/19 Supernova Services and Merchandise LLC, Adam Lee Jones, 178 N. Main St. 28115
More Iredell New Corporations online at www.BusinessTodayNC.com
Denver/Catawba 11/18/19 Happy Hill Properties LLC, Brad Barton, 7398 Sahalee Dr., Denver 11/19/19 Wilson Ridge Ranch LLC, Powell Andrew Smith, 7905 Norman Ct., Denver 11/20/19 True Born Publishing LLC, Walter J. Finley, 4794 Coves End Rd., Denver 11/21/19 MACAI LLC, Alison Storry, 531 Brentwood Rd. 105, Denver 11/22/19 Carolina Byker Foundation Inc., Jasper Accounting Group, 3306 N. Hwy. 16, Denver 11/25/19 Ellie May Project LLC, Bobby Ray Aton, 7312 Price Point Dr., Denver 11/25/19 Skinsational Aesthetics PLLC, Joanna Weber, 7472 Waterside Loop Rd. Ste. 203, Denver 11/27/19 Miami Fusion Café LLC, Damaris Gonzalez, 278 N. NC 16 Business Hwy. Ste. B, Denver
More Denver New Corporations online at www.BusinessTodayNC.com
Business Today
20 January 2020
Top 10 sales prices for 2019
HOT PROPERTIES
Strong price appreciation continues
147 South Longfellow Lane Mooresville $3,305,000 13,663 sq ft 5 bedrooms
Net in-migration bodes well for Lake Norman and Cabarrus homeowners— the demand for housing will continue to drive up prices. “At a regional level, Phoenix retains the top spot for the fifth consecutive month with October’s 5.8 percent yearover-year gain. The Southeast region was also strong, as Tampa, Charlotte, and Atlanta prices all rose by more than 4.0 percent. Apartment development has been fairly strong the past few years, with a disproportionate share of activity devoted to luxury and lifestyle units in a handful of rapidly growing metropolitan areas. Charlotte is on the national radar for those seeking to relocate. Of those that are moving within the U.S., Austin, Nashville and Charlotte are top of mind, according to Wells Fargo economist Mark Vitner. “For every 10,000 LinkedIn members in Charlotte, 83 moved there within the past 12 months,” he said. For Austin, a known hot commodity, the same figure is just over 140. New figures from Case Shiller have Charlotte near the top of year-overyear price appreciation nationwide. The top five price gainers in order are Phoenix, 5.8 percent; Tampa, 4.9 percent; Charlotte, 4.8 percent; Atlanta, 4.2 percent; and Boston, 3.4 percent. The national average was 3.3 percent. The index of prices actually fell in San Francisco, according to Case Shiller. Apartment development is shifting to more affordable projects in suburban areas and in lower cost parts of the country. Single-family homebuilding has strengthened in recent months, Vitner said, but affordability concerns and development constraints will continue to limit new development.
17130 Freshwater Lane Cornelius $3,200,000 7,892 sq ft 5 bedrooms
3466 Governors Island Drive Denver $3,075,000 6,738 sq ft 5 bedrooms
662 Langtree Road Mooresville $5,200,000 12,675 sq ft 6 bedrooms
127 Thurstons Way Mooresville $4,780,000 12,260 sq ft 4 bedrooms
19135 Peninsula Point Drive Cornelius $3,750,000 10,787 sq ft 5 bedrooms
107 Eastham Court Mooresville $3,650,000 9,150 sq ft 5 bedrooms
18525 Peninsula Club Drive Cornelius $3,512,500 8,834 sq ft 7 bedrooms
HOT PROPERTY
19931 Walter Henderson Road in Cornelius has sold for $950,000. The selling agent was Sally Sutherland of Lake Norman Realty. The buyers were represented by Matt Sarver of Keller Williams, Lake Norman.
H OT PROPERTY
2276 Brawley School Road in Mooresville has sold for $1,375,000. The selling agents were Kent Temple and Kelly Smith of Keller Williams Mooresville. The buyer was represented by Ty Chapman of Lake Norman Realty.
19801 Bustle Road Cornelius $2,755,000 7,966 sq ft 7 bedrooms
16407 Jetton Road Cornelius $2,750,000 6,960 sq ft 6 bedrooms
Business Today
December 2019
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Business Today
22 January 2020
Do toll lanes really cut congestion? BY KATE MARTIN/CAROLINA PUBLIC PRESS North Carolina, like many other states, has gambled on toll roads as a way to reduce congestion. While a relatively recent addition to the state’s highways, some estimates say toll roads in the Triangle and Charlotte areas are drawing more drivers than officials initially predicted. So, how are the toll roads doing at what they were supposed to accomplish — reducing congestion? A Carolina Public Press investigation found that the state appears to lack clear answers and to be in no hurry to find out whether the wealth, materials, acreage, sweat and frustration sacrificed to create the new toll routes have been justified in each case or in any case. Based on recent responses that Carolina Public Press received from the N.C. Department of Transportation, it appears the agency does not monitor the effects of these projects on congestion. Jennifer Thompson, a spokeswoman with DOT, told CPP that the agency doesn’t track congestion “from a statewide level” or on toll roads. Thompson said DOT also does not track vehicle counts on the relatively new Interstate 77 express lane, 26 miles of toll lane between Charlotte and Mooresville to the north. She did not respond to additional questions from CPP. Traffic counts along the toll route through northern Mecklenburg and southern Iredell counties are instead monitored by I-77 Mobility Partners, a limited liability company created to manage development, construction, maintenance and operation of the tollway. Much of the 26 miles of toll lanes has been open for nearly six months. Through Nov. 16, according to a press release from I-77 Mobility Partners, drivers have taken more than 2.7 million trips on the express lanes by more than 515,000 different vehicles. It was unclear what percentage of total traffic volume this represented. However, this rate of usage would mean that in any one minute on average between 11 and 12 cars were using some portion of the 26 miles of toll lanes, though usage was undoubtedly higher at peak times and less at others. Usage may be increasing this month
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as well, with a final portion of the toll lane being completed. While I-77 Mobility Partners has not directly addressed congestion, the private company’s statements suggest things could be improving along the route. It calculates traffic speeds during rush hour as having improved between October 2018 and October 2019, with morning rush hour traffic driving 15% faster and the evening commute speeds up by 17 percent. Of course, this is a comparison of traffic flow along the nearly finished route with flow when traffic was still snarled from construction, not with free-flowing traffic before anyone thought of adding a toll lane through the area. The woes of congestion Though a small delay may not seem like much to an individual driver, those chunks of time can add up. In 2017, congestion in the United States cost drivers $166 billion, according to the 2019 Mobility Report by the Texas A&M Transportation Institute and traffic analytics company INRIX. The cost includes the value of a driver’s time in clogged lanes and the extra gas burned due to the delays. According to INRIX’s report, drivers in the Charlotte area spent an extra 57 minutes in traffic due to congestion in 2017. This was when the route was under construction. Meanwhile, Raleigh and Durham drivers spent extra time on the roads due to clogged lanes — 42 hours and 33 hours, respectively, the report said. Toll lanes in those areas had already been open for years. Charlotte was named among the country’s 25 metro areas with the worst congestion in a separate INRIX report filed last year. According to some experts, tolls can be just enough of a nudge for a driver to change the timing of his or her trip or avoid traveling altogether. A small shift in the number of cars entering a highway can mean increased speeds for the other drivers, said Rob-
ert Krol, senior affiliated scholar at the Mercatus Center at George Mason University. Krol, an economist by trade, said higher tolls as congestion increases have been effective in reducing congestion around the world. He had no idea about actual numbers for North Carolina, though he expected the same principle would hold true here as well, even if the state doesn’t monitor the issue. Of course, some tolls may be better designed and more effective for local traffic demands than others. Not everyone agrees that tolls are a good idea. AAA, which advocates for motorists, recognizes that some tolls are inevitable but discourages their use and doubts that they are always necessary. “AAA believes that while a tollfree system is preferred, tolls can be used with appropriate and necessary motorist protections in certain circumstances for new and existing corridors,” AAA spokeswoman Tiffany Wright told CPP. “We support the continued evaluation of alternative transportation funding solutions, including tolling. Sometimes rush hour traffic is simply unavoidable, but if you have the ability to schedule work and errands around heavy traffic, that’s obviously the best way to avoid congestion.” Looking ahead North Carolina is one of the fastestgrowing states in the country. Since the 2010 census, the state has gained nearly 850,000 new residents, according to Carolina Demography. The largest population growth has similarly centered on the Research Triangle and Charlotte, Carolina Demography says. The state also projects by 2030, around 20% more people will live in the Charlotte and Raleigh areas. Krol, the economist, said rapidly growing areas will need to increase traffic capacity, but tolling should be part of the solution. “If you have a 20 percent population increase over the next 10 to 15 years, that’s a lot more cars on the road,” he said. “I would still argue, you want to increase tolling.” —Martin is a reporter for Carolina Public Press Next Month: New NC toll routes yet to prove they can be profitable
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