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Ne w W P Bre sma he ost C ak ke re har fa rs to lotte st f

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YEARS Business Intelligence for the Golden Crescent: Lake Norman • Cabarrus • University City

NEWS INSIDE BANKING

Aquesta will open a second branch in Charlotte, this Page 3 one on Ardrey Kell

SOLAR ENERGY

Reporter Dave Vieser throws some light on new rules that benefit smaller Page 8 installations

LET CHERYL EXPLAIN

romsville he re?

Pa ge 30

September 2017 Published monthly

Volume 16, Number 6 $1.50

Top Realtors The LKN Chamber is 30 say growth keeps coming BY KATE STEVENS Demand for mid-price housing in the Lake Norman area is outstripping supply although luxury homes could sit a bit longer on the market since fewer people can afford them. The Lake Norman real estate market is expected to continue this low-supply trend into the foreseeable future, according to local market experts. That’s due to a combination of “stars aligning,” including a labor shortage slowing the renovation of existing homes, new construction and the development of vacant land as well as the continued migration of newcomers to the Charlotte area, said Pat Riley, president and CEO of Allen Tate Real Estate. “I don’t see it changing for a long time to come,” said Riley.

Sept. 23, 1987 marks an important milestone for Lake Norman. The Lake Norman Chamber of Commerce, first incorporated as the North Mecklenburg Chamber of Commerce, will be 30 years old. Business Today is honoring the Chamber with a special report on its history and goals. Pages 11-15

See DROVES page 29

Home remodelers hammered by demand

SHINE’s Beaty Street appraisal is far higher than the town’s Page 18

Pages 27

RECORDS

Transactions Cabarrus 20 Mecklenburg 22 Mooresville 23 Foreclosures 16607 Jetton Road in Corne25 lius has sold for $1.145 million Cabarrus

Mecklenburg 25 Mooresville 25 Corporations Cabarrus 25 Mecklenburg 26 Mooresville 26

www.businesstodaync.com

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HOT PROPERTIES

construction and renovation company. A common problem across the Queen City, this lack of skilled labor can be lucrative for renovation companies as long as they can complete their jobs, said Mike Waite, executive director of the National Association of the Remodeling Industry of Greater Charlotte, a professional orga-

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nization with 170 company members in the metro-Charlotte area. “They’ve got all the work they can handle,” said Waite. Driving up the demand for home renovation is the low supply of inventory and developable land in Charlotte and the Lake Norman area, said Brooks Henderson, owner of Henderson Building Group, LLC in Cornelius. See Remodeling page 28

Business Today P.O. Box 2062 Cornelius, NC 28031

How to expand carefully and successfully, with an emphasis on sales managePage 10 ment

​BY KATE STEVENS The home renovation business is hot post-recession but labor shortages in the construction and remodeling sector are extending project timetables and driving up costs, according to industry experts. “We just don’t have the crew, the availability of the labor that we once had because so many people let the field during the recession,” said Dave White, president and owner of WHB, Inc., a Mooresville


Business Today

September 2017

Hundreds attend anti-toll meeting in Mooresville ​B​Y DAVE VIESER If there was any ​doubts t​hat people in Iredell County have significant concerns ​about​the I-77 toll lane​s, th​ey​ were erased ​in August​​when ​more than​ 300 people showed up at the Charles Mack Citizen Center. The event was a community meeting on the controversial issue hosted by Widen I-77, ​the original​anti toll lane advocacy group, and it attracted a wide range of business leaders and ​residents. ​At one point the​f​​ire ​m​arshall was turning people away. It’s not surprising. I​ -77​within Iredell County ​will have ​the most number of interchanges and miles of any Lake Norman community. Under the current plan, Iredell County drivers will either pay the most in tolls or sit in traffic the longest. The specific focus of this meeting was to provide an update on the draft consultants report analyzing the contract for this project. Mercator Advisors, based in Philadelphia, was hired in April by the DOT for $100,000 to review the contract and examine ways to improve or end the agreement. As it stands, the contract calls for adding express toll lanes from Exit 36 in Iredell County southward through Davidson, Cornelius and Huntersville into Charlotte with Cintra’s subsidiary I-77 Mobility Partners managing the project for 50 years. The N ​ C​DOT is seeking input from the public before the report is finalized and anti​-​toll advocates want to be sure

plenty of residents make their feelings known before it’s too late. “What was focused on at the meeting is the negative impact that these lanes will have on the economy, not just locally and in the region, but to the entire state,” said A ​ laina ​Davis. “Everyone was urged to contact their representatives to convey the profound negative economic impact the toll lanes and the continued, even exacerbated, congestion through this main trade artery will have.” The fact that the state is even considering a change in the contract is “remarkable,” according to Widen I-77​ founder Kurt Naas. “Residents realize this project is detrimental to our quality of life and our economy, which I believe explains the sustained opposition.” However, not everyone is convinced that the toll lane contract should be shelved. “There have been instances of ​ p​ ublic​ -private projects being purchased by the state at some point after completion,” said NC Rep. John Fraley (R-95). It does not seem logical to me that someone would sell an investment for their cost when there is a potential revenue stream with profit to follow.” In either case, comments on the Mercator Report will continue to be accepted until Sept 9 at the web site I77feedback@ncdot.gov. The report summary can be seen by accessing the following web site: www.ncdot.gov/projects/I-77ExpressLanes/download/mercator-draftreport.pdf.

Aquesta Bank plans new branch in S. Mecklenburg Cornelius-based Aquesta Bank plans to open a branch on Ardrey Kell Road in a fast-growing upscale area of South Mecklenburg. The full-service branch, pending approval from the Commissioner of Banks as well as the FDIC, will likely have about 3,000 square feet. “We are expanding in south Charlotte to capitalize on the terrific growth we have experienced at our South Park branch as well as to better serve customers with locations both at the Lake and in South Charlotte,” said Jim Engel, CEO.

Aquesta is aiming for an opening in late 2018. Aquesta Insurance Services a subsidiary of Aquesta Financial, would also have offices there. The branch will be built on about one acre of land, not far from a Harris Teeter grocery store. The purchase price was not disclosed. The branch could be expanded by another 3,000 square feet for third-party tenants as well as branch expansion. In 2015, Aquesta completed the purchase of the CertusBank branch in SouthPark, its first venture in the Charlotte market.

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Offering Congratulations

to several of our clients making good news recently:

Family Care Partners (FCP), headquartered in Fort Mill, SC, has acquired a majority interest in Eastern North Carolina Medical Group, a primary care practice based in Rocky Mount, NC. FCP was formed in 2015 by Varsity Healthcare Partners (VHP) in connection with its recapitalization of Colonial Family Practice, one of the largest providers of primary care and ancillary patient diagnostic services in South Carolina. Scale Finance advised on these transactions CTL Packaging is a family owned packaging company established in 1964 in Spain and specializing in the manufacturing of plastic tubes and injection molded closures for high end cosmetic, personal care products and pharmaceutical industries. Scale Finance recently closed an $8 million growth capital financing for CTL Packaging USA Yodil, LLC., a fast growing SaaS provider insurance data management solutions was recently acquired by Duck Creek Technologies, Inc., a leading provider of core system cloud services and software to the global Property and Casualty industry. Scale Finance advised Yodil on the sale of the company and managed the process end-to-end Atlantic Research Group (ARG) is a full-service Contract Research Organization based in Charlottesville, VA. ARG is growing fast and recently accepted a $3 million investment from undisclosed private investors with deep experience in healthcare services. Scale Finance advised on the transaction and handled finance and accounting due diligence Oneliance Group, LLC, a fast growing regional provider of construction site cleaning, staffing, and maintenance services was acquired by a private family office. Scale Finance provided accounting and finance due diligence and transaction advisory support throughout the company sale process CFOs & Controllers - Expert Support, Part-time Cost & Flexibility Raising Debt, Subdebt, or Equity Capital - Best Terms Available in Market Mergers & Acquisitions - Cost Effective, Veteran Support

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Dave Gilroy, 704.258.6653

Closing the GAAP to Scale Your Business

3


Business Today

4 September 2017

Concord city manager will retire in 2018 Brian Hiatt will retire next year after 20 years as Concord’s city manager. “It will be extremely hard to leave the City of Concord organization,” Hiatt said, explaining that he has “been blessed to work for mayors and council members with constructive agendas.” He has worked side by side with Mayor Scott Padgett, who announced back in July that he would not run for a fifth term. “​Brian Hiatt’s conservative financial approach allowed us to remain good stewards of public funds and maintain needed services, infrastructure, and equipment despite the challenges of growth, recession and multiple impacts on revenue from the General Assembly,” Padgett said.

ClearWater Artist Studios unveils new website Brian Hiatt

ClearWater Artist Studios, the artist haven located in Concord’s vintage water works building, has a new website that highlights not only tenant artists, but events, classes and online reservations. Artistic endeavors and galleries are proven economic development generators for cities around the world and Concord is no slouch. The new

website gives the studios a “polished, interactive gateway to what is becoming a welcoming creative center for the community,” said Sarah Gay, manager of ClearWater. The site was built over the past eight months, with some design help from resident artists Walter Stanford and Regina Burchett. Take a look: clearwaterartists.com

HOHT worked its way right out of a job

Share The PASSION “It is a beautiful thing when a career and a passion come together” Blue-J’s Janet Schultz is passionate about providing opportunities to those on the Autism spectrum, and she wants to share that with others Now offering Blue-J start-up business packages that include Schultz’s already successful business plan Expanding the Blue-J model offers employment to even more individuals on the spectrum Perfect for parents, families, schools and groups Blue-J is now accepting new clients for commercial cleaning settings For more information, call 704-589-3148 Bluejsmallofficecleaning.com

A buoyant economy—​nationally and job growth is strong, with more than locally​—helped put Joe Carbon’s 209,000 jobs coming on in July, accordLake Norman job resourcing to the Bureau of Labor es group out of work. The Statistics. board of Helping Others At 4.3 percent, the jobless Help Themselves (HOHT) rate is approaching full emhas decided there is no ployment. About 200,000 new longer a need to stay in jobs a month is considered a business. sign of a robust economy. “The economy is back In April of 2010, the US jobon its feet and we’ve run less rate was almost 10 perout of people to help,” said cent. CARBON co-founder Joe Carbon, Carbon plans to keep the who launched HOHT seven HOHT website up and runyears ago with Vickie Stening, but “since economies vens. are cyclical, HOHT may be The group held numerous called upon again in the fujob fairs as well as coachture by the Lake Norman ing sessions for people who community to help others were out of work or re-enhelp themselves,” Carbon tering the job force. said. “Maintaining our webOver the course of seven site ability will be important years, though, much has should a restart ever become changed. In addition to risnecessary.” STEVENS ing consumer confidence,


Business Today

6 September 2017

Cabarrus County

Cabarrus Chamber has 24 in 2018 Leadership Class Twenty-four people have enrolled in the Cabarrus Regional Chamber of Commerce 2018 Class of Leadership Cabarrus. The civic leadership program, sponsored by Duke Energy, is designed for experienced business and community leaders. Through a series of monthly sessions from September through May, members examine how leadership in the historical, geographical, educational,

economic, governmental and cultural​ sectors​work together. Additionally, the class c​ ompletes a legacy service project that benefits the community. More than 4​00 ​ people have completed Leadership Cabarrus since its founding 20 years ago. The 2018 participants are: Marcella Beam, Healthy Cabarrus Executive Director, Cabarrus Health Alliance

Haynes Brigman

Town Manager, Town of Harrisburg

White Brown

Director of Finance, Cannon School

Kelly Burgess

Assistant Superintendent, Kannapolis City Schools

Ryan Emery

Real Estate Agent, T​eam Honeycutt – Allen Tate Realtors

Susan Fearrington

Finance Director, Cabarrus County Government

Zac Gordon

Planning Director, City of Kannapolis

Todd Hendley

Owner/Manager, Speedmax Car Wash

Amber Herlocker

Communications Manager, Town of Harrisburg

Glenda Jones

Assistant Superintendent, Cabarrus County Schools

Heather Kincel

Development Director – Events, Marketing and PR, NorthEast Foundation

Kristin Klinglesmith

Program Coordinator, Cabarrus Health Alliance

Jeanne Madorin

Executive Director – Human Resources, University of North Carolina Charlotte

Hanif Miller

Work-Based Learning Internship Director, Rowan-Cabarrus Community College

Mallory Morris

Deputy Director of Constituent Services,Office of US Congressman Richard Hudson

Lisa Perry

Owner, Perry Productions

Don Post

Director, Business Operations, Skookum, Inc.

Brent Rowland

Sergeant, City of Kannapolis Police

Dustin Shoe

Principal, Cabarrus County Schools

Shanell Smaw

Resource Development Director, Habitat Cabarrus

Michael Waddell

Business Development, Propst Brothers

Mark Whitley

Assistant Vice President – Investments, Wells Fargo

Andy Yoos

Risk Manager, City of Kannapolis


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Business Today

8 September 2017

New regulations generate renewed interest in solar BY DAVE VIESER North Carolina has adopted new energy reform regulations aimed at boosting and streamlining the use of solar energy in the state. The rules, which became effective in late July, are structured so that both business and residential electric customers can have better access to so called “clean solar energy” by making purchase of the energy source more competitive. North Carolina is already ranked

second in the nation for overall solar power and solar experts believe the new rules could generate an additional 2.6 gigawatts of new solar power over the next 3-4 years, tripling the current amount of solar power. Duke Energy estimates that, with the new guidelines, its customers will save $850 million in purchased solar power over the next 10 years. The new regulations will permit for the first time in the state:

• A solar leasing program to allow businesses and residents to purchase renewable energy with little or no upfront costs. Smaller solar installers and homeowners will now be able to initiate lease agreements for residential solar projects which were not allowed previously. A competitive bidding process for utility scale renewable energy projects, and an independent 3rd party to oversee the bidding process. Utility customers to participate in community solar programs.

legislation will help North Carolina stay ahead with lower cost renewable energy that protects our environment and grows our economy” Cooper said. In addition to the leasing element, the new regulations will require Duke’s two utilities in North Carolina to seek construction of 2,660 megawatts of solar energy over the next 42 months, which converts to nearly 700 megawatts of new construction a year. “These changes will make solar energy more affordable and efficient

New regulations are part of House Bill 589, aka ‘Competitive Engergy Solutions for North Carolina’

• Installation of solar panels on a small house of less than 1,000 square feet can still run as much as $10,000 in upfront costs, while solar panels on a larger home will cost even more. For that reason, Dave Sawchak, president of Mooresville based Morningstar Enterprises, which specializes in the design, engineering, and installation of solar energy systems, believes the leasing element is an important addition to the state’s regulations.

Copper Barrel

“Up until now, property owners, such as retirees, who had somewhat limited income streams, were unable to afford the up​ -​ front costs of purchasing solar energy systems, “he said. “Now, with leasing permitted, they too can also take advantage of solar energy systems. This will be a welcome addition for both homeoweners and solar energy installers.” The new solar regulations were adopted as part of House Bill 589, known as “Competitive Energy Solutions for North Carolina.” It received bipartisan support and was finalized after a year of meetings among utilities, clean energy companies, consumer groups and environmental groups. The legislation was signed into law by Gov. Roy Cooper on July 27. “This

for all customers, while providing a balanced, reliable approach to connecting solar energy onto the grid​ ,​ “ said Duke’s North Carolina President David Fountain. “They will also help maintain North Carolina’s competitive position as a leader in energy policy and economic growth.” What the new state regulations don’t address is the patchwork quilt of local regulations pertaining to the installation of solar energy systems. In the Golden Crescent alone, there are a number of different approaches. For example, in Kannapolis, there are no regulations concerning solar panels or equipment. “They are handled as an accessory structure and typically allowed within five feet of any side or rear property line” said spokeswoman Annette Privette Keller. “They may also be installed on the roof of the home.” In Cornelius, solar farms are prohibited but solar panels can be installed on any structure or in the rear and side yard, just not the front yard. There are no specific regulations on the panel sizes. It’s another matter, of course, in HOA neighborhoods​. Davidson​does​not regulate solar panels outside of solar farms or the town’s historic district.


Business Today

September 2017

9


Business Today

10 September 2017

Growth Strategies

How to train your sales team to sell more Your organization’s reputation, resources and revenue all depend on your building a clear path to closed sales. Every salesperson must have a clear idea of what they are to do, and how exactly they are to present themselves and the company in the sales process. You need to train them well. Investing in quality sales staff skills is just like saving for anything else that is important to you. It requires knowing what you want as a result of saving, how much risk you are willing to bear to achieve the return you wish to achieve, and making sure you plan well in advance of when you want the investment to pay off. Don’t put your sales at risk by failing to have a thorough sales training process, a way to measure and evaluate your sales staff’s efforts, and seeing your company’s sales efforts through the eyes of your customers.

Know what you want

While critical in overall strategy, just orienting new-hires in your organization’s history and values is not enough. You have to know what attributes you want in the sales person’s behaviors post-training to know what

you should look for during selection, and what standard to train to. Low-cost providers know their customers want accurate information and defect-free products and services. Consistency in standard quality is paramount. Training staff to defined

actions and reliable reWhat do excellently sponses requires time trained sales staff but it’s time wisely spent produce? so customers find your Flawlessly excellent organization reliable. customer experiencProduct and service es, error-free orders, providers whose cusand reliable repeat tomers pay a premium sales. expect the sales process to offer a more personal touch, polished polite inWhat do poorly teractions, refined mantrained sales staff nerisms, and gracious Sales Coach appreciation. This, too, produce? takes time, but without My examples of perCHERYL KANE proper training, a sales sonal experiences inrepresentative can be clude: perceived as too inforA delicious, 4-star meal in a beaumal, callous, or rude—and turn your tiful setting being served callously, customers off. sloppily, and with rude waiter com-

Consider the risks

Hiring people who are conscientious, outgoing, empathetic, and willing to learn is hard—that is why so many managers choose to lower the bar and take a risk with someone who doesn’t measure up to their standards. Thinking you can train someone to care about how other people feel when they clearly don’t (through assessment) too often wastes you effort (and is expensive). Using assessment tools known to offer insight into a candidate’s personality, preferences, and motivation is well worth their cost. Not being willing to pay for tools and drawing on expertise to construct a methodical, evidence-based process for candidate selection and training increases your risk of failure and can result in high turnover, offended customers who will not return, and improves your competitor’s chances of success.

Have a clear plan thoroughly in place. And follow your plan!

Once you determine the processes you will use in selection and training, be willing to be dogmatically methodical in both following the plan carefully, and holding sales staff to clearly defined and consistently measured performance standards. If you are weak in either one, you will find sales results still lower than you’d like.

mentary. A personal service provider who instead of listening to my request to customize the product (meaning more in sales) eschewed my interest in the customization so they could close the sale a few minutes faster. Sales professionals who fail to properly greet a customer with warmth and sincerity and eye contact, or remember to say thank you. Effectively using all resources of a company is required to achieve successful profitable outcomes. Whether investing in a new piece of equipment, technology updates, or precise selection and training of sales staff, it is all the same. Efficiency (filling the role fast and putting someone out selling) is not more important than effectiveness (having a deliberate, well developed plan that is impeccably implemented). A stellar sales professional will advance your organization’s reputation, help conserve company resources, and increase revenue. The return is worth the time it takes to make a good investment. Cheryl Kane, MBA, PHR, GPHR, SHRMSCP, 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 (704) 595-7188 or through her web site, www.cherylkane.net.


Business Today

September 2017

11

The Lake Norman Chamber: On a mission since day one In August of 1987, businessman John Cherry gathered approximately 50 people together at the old Home Federal Bank building at Exit 28 in Cornelius to discuss the formation of a North Mecklenburg Chamber of Commerce. The 20 to 25 businesses represented elected John president and created a board with 12 members. The initial 12 were representative of all three towns and included then-Mayor Sarah McAulay of Huntersville as all three North Meck towns were to have a hand in shaping the Chamber for the next three decades. The original Articles of Incorporation were accepted by the NC Secretary of State on Sept. 23, 1987. The Chamber has served as a catalyst for positive change for our regional community ever since. One of the first initiatives was getting a handle on growth. Cherry said, “We wanted controlled growth, not urban sprawl.” Cherry added, “The Chamber brought the three towns together. It highlighted that Davidson, Huntersville, and Cornelius had more in common with each other and we should look at North Mecklenburg as a geographic area, not just separate towns.” North Mecklenburg citizens had felt largely overlooked by Charlotte for some time and the water rates from CMUD (the predecessor to Charlotte water) angered many. At that time

The way we were: Former Chamber chairs

Front row: Randy Ford – 1992, John Cherry – 1987, Donna Moffett – 1998, Scott Hinkle - 1999; Second row: Richard Wilson – 1994, Darrell Gettys – 1995, David Christenbury – 1997, Mike Hoffman – 1993, Scott Lawrence 1996

there was no district representative from the North Mecklenburg area on the County Commission or School Board. The young Chamber pushed to get the northern communities better representation. Under the leadership of Gary Knox, the Chamber began hosting “PowerLuncheons” sharing pertinent information on education, infrastructure, and legislative reports as a formal way to educate the business community on local issues. From its beginning, Knox said the Cham-

ber was always “community-based.” By the mid 1990s, the towns began feeling the significant growth as new neighborhoods and commercial developments were approved. The Chamber, which had grown with the community, opened an office and Visitors Center at Shops on the Green where it would remain until a new headquarters was built on Catawba Avenue in 2005. Among the most notable accomplishments was working with the three towns to create Visit Lake Norman in 2002 and

a year later the Lake Norman Economic Development Corp. Those two new organizations virtually created the travel and tourism and economic development markets which the region needed to diversify the tax base and provide employment. In 1999, the Chamber officially changed its name to the Lake Norman Chamber of Commerce under the leadership of Scott Hinkle reflecting the significance the lake played on commerce and quality of life. Each Chamber chair, board director and member has played a significant role in the success of the Chamber. In 2015 the Lake Norman Chamber was named the “Most Outstanding Chamber of Commerce in North and South Carolina” by the Carolina Chamber of Commerce Executives. Perhaps the words of past Board Chair Bob McIntosh sum it up best: “The Chamber simply MUST be the single tie that binds business in the Lake Norman region. We can re-invent the wheel all we want with referral and leads groups, but there is no substitute for a strong Chamber united for the good of its members and the region at large. It is only as strong as the commitment of officers, board bembers and general membership to the Chamber’s goals and objectives. Get behind your Chamber. It’s a great investment for your business and our community.”

Congratulations! Congratulations to the Lake Norman Chamber of Commerce. For 30 years, your work and efforts have shaped a community for all of us. fnb-online.com | 1-800-555-5455

Thanks for serving the Lake Norman Business Community for 30 years! Denis Bilodeau Past Chamber Board Member www.bilodeauforcommissioner.com


Business Today

12 September 2017

Message from the Chamber Chairman BY JAY LESEMANN From day one, the focus of the Lake Norman Chamber of Commerce has been to provide value for our members. For some, that ​v​alue is delivered via our many networking events while others receive v​ ​alue by attending our monthly Focus Friday meetings that address local and state political issues and concerns. Some businesses see v​ ​ alue by participating in Chamber-sponsored community events. As a small business owner and entrepreneur myself, I have always derived ​ v​ alue by attending our quarterly PowerLuncheons and participating in our business training seminars. No matter why you joined or what you are interested in attending, our Chamber board and staff is committed to making sure you receive that return on your investment. The Lake Norman Chamber is a regional Chamber that believes we are

Ground-breaking: The Lake Norman Chamber established its new headquarters on West Catawba Avenue in 2005

stronger as an association when we pool the business resources of our vibrant and growing communities. As the 2017 Board Chair, I recognize how far we have come in 30 years and the impact we have made on the face of our communities, helping local business grow and nurture, advocating for our

businesses and citizens, and planning for our future growth. But I am also keenly aware of the challenges that lay ahead and we need your help as we prepare for the future. If you are a member of the Chamber, please get involved and take an active part in your business association. If you are not a member and

own a business, consider “Getting on Board” today. Working together, there is no limit to what we can accomplish! Here’s looking to the next 30 years of success for our region! Lesemann, managing member of Lesemann CPA PLLC, is the 2017 Board Chair of the Lake Norman Chamber


Business Today

September 2017

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Business Today

14 September 2017

Thirty Years: Top 10 Lake Norman Chamber Accomplishments BY BILL RUSSELL Recently I was asked by one of our Chamber members what I considered to be the most significant accomplishments since I was hired as its CEO in 1996. While changing the name from the North Mecklenburg Chamber to the Lake Norman Chamber certainly helped brand the association and buying property for an office gave us a sense of place, these are not things which impact the members and our community as much as it does the chamber itself. Here is what I consider though to be major milestones which have impacted our commerce and community in no particular order: 1. When I arrived in 1996, North Mecklenburg High School was severely overcrowded and had by far, the largest enrollment in the state​ ,​ overflowing with mobile classrooms. In spite of the exponential growth in North Meck, CMS still refused to acknowledge and plan for our schools. Not only did Chamber and community leaders advocate at CMS Board ​m​ eetings, we went to Charlotte, packed​ b​ oard ​ m​ embers in cars and drove them up for a windshield tour to see firsthand our growth. Hopewell High School was just one of many new schools that extra effort produced. 2. While we had several quality healthcare providers in our region, community leaders lobbied for almost a decade to build a new hospital in Huntersville. After several failed attempts at a Certificate of Need, community and Chamber persistence paid off and Presbyterian Hospital—later to be named Novant Health—Huntersville Medical Center opened. 3. In 1997, the Cabarrus, Lincolnton and Lake Norman Chambers approached NCDOT to create an Access Management Study to both examine land use along the corridor and plan for the eventual widening of Hwy 73. A study of its kind had never been undertaken covering three counties and multiple municipal jurisdictions. Work-

It took almost 20 years of lobbying before Lake Norman’s first public access was opened in 2016 at Ramsey Creek Beach. Not without early challenges, the swimming area is currently the only local beach available for the public.

ing together, the Chamber and public jurisdictions overcame the resistance from the state and the Highway 73 Council of Planning was created and still oversees the corridor today. 4. In early 2000, Chamber leaders determined that thousands of dollars of prepared meals taxes were going straight to Charlotte from North Meck. The Chamber led the charge to return those dollars to the point o​f ​origin which today represents approximately $1.8 million to the three towns. It also paved the way for the creation of Visit Lake Norman which is responsible for helping bring 93,000 visitors who spent an estimated $23 million annually in economic impact in FY16. How does hospitality impact the average person? If it were not for hospitality and tourism, the average household would pay an additional $349 annually in taxes!

5. The Mecklenburg County’s 2011 Tax Revaluation became a focus of the Chamber as both commercial and residential property owners saw their tax bills skyrocket. Through advocacy and workshops the Chamber worked with property owners to lower the tax bill which ultimately led to the review of the country’s evaluation. 6​. In 2002, the Chamber contracted an economic development firm to undertake a study to determine tracts of land which could best be used for commercial use which the three towns later adopted in their land use plans. It also established the Lake Norman EDC which was formed in partnership with the Chamber and the towns. 7​. The Chamber had lobbied county officials since 1997 for public access swimming. Mecklenburg County over-

turned the ban in 2009 which led to the creation of Ramsey Creak Beach in 2016. 8​. Working in cooperation with the Town of Cornelius, the Chamber led the charge to create additional left turn lanes on West Catawba (five in total) over the objection of NC DOT through special legislation. 9. Twenty-one​years ago, the Chamber created Leadership Lake Norman, which to date has graduated more than 410 business and community leaders. 10. The creation of such programs as the Business Expo, Diversity Council, Young Professionals, Education Collaborative, Academy of Political Leadership have all made lasting impacts on our regional business community.


Business Today

September 2017

The Lake Norman Chamber of Commerce, with approximately 1,000 business members, has been serving the Lake Norman region since 1987. Many people join the Chamber to network and build stronger business connections through the mixers, Business AfterHours and BeforeHours events. The Chamber often hosts networking events with the Charlotte, Mooresville, Lincolnton and Statesville chambers to bring the members together with other businesses in different markets. Events such as the Business Expo, with 180 businesses and organizations, showcases the region to 2,5003,000 people every year. New businesses are encouraged to host ribbon cuttings, and each year we have recognitions of our Small Business, Diversity Champion and Business Person of the Year. The Lake Norman Chamber hosts

Get involved in the Chamber

The Lake Norman Chamber Business Expo is the largest businesses to business trade show of its kind in the Lake Norman region. Held annually in June, it is attended by nearly 3,000 people and boasts 180 business exhibitors and nonprofits.

several seminars a month to help businesses improve their management, marketing and operations through BusinessWorks, Tech Talks, Economic Forecasts and other seminars and programs. Programs such as the Diversity Council work to promote female and minority business development. The e-Commerce Division focuses on internet-based retail business. The Chamber partners with business and

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education through the Lake Norman Education Collaborative and a special group was formed in 2014, the Lake Norman Young Professionals, to get young people 21-39 engaged in the business community. Other outstanding programs of the Chamber include its Leadership Lake Norman program, Junior Leadership Lake Norman and Academy of Political Leadership.

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The Lake Norman Chamber is the voice of our regional business community, working with local, county, state and federal officials on a host of issues ranging from local transportation and education to taxes and business regulations. Monthly PowerLuncheons and Focus Friday events keep members informed on issues which impact their bottom line. The Chamber is also pleased to host candidate forums in each of the towns to ensure the businesses and citizens have a voice in who leads our growing and diverse region. Not a member? Check out the benefits of belonging today at LakeNormanChamber.org or call 704-8921922. To those who are members of the Lake Norman Chamber, thank you for your investment and support as we work to make the Lake Norman region a great place to live, work and visit!


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Business Today

18 September 2017

New Beaty St. valuation is double Town of Davidson’s BY KATE STEVENS Development plans in this picturepostcard college town continue to move fast despite one volunteer organization’s efforts to preserve its trademark green space and hold elected officials accountable for what organization members say is unchecked growth. Save Davidson, an online Facebook group with more than 1,500 members, has mobilized since its inception in February, and on Aug. 3rd, held its first SHINE—Sharing Helpful Information Now with Everyone—meeting to educate town residents about the proposed developments that could change the Davidson brand. “We’re worried about the overall quality of life in Davidson,” said Save Davidson member Jamie Ramsden before more than 100 people gathered at the SHINE meeting at a micro-brewery in Cornelius. The group also hopes to hold political forums or debates to help voters choose the best candidate running for mayor and the five-seat member Davidson Board of Commissioners this fall, Ramsden said.

But right now, the organization is focused on stopping a proposed project on Beaty Street called the “Luminous” development, Ramsden said. On July 11, Davidson Board of Commissioners voted 3-2 to enter into contract negotiations with Davidson Development Partners for the $1.65 million sale and subsequent development of approximately 18 acres of town-owned land on Beaty Street.

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The town is currently forming a committee to negotiate a contract with the developers, said Cristina Shaul, the town’s public information officer. The board of commissioners will eventually vote on the contract once it has been reviewed by attorneys for both sides, but Shaul said she is unsure when the vote would happen. Davidson Development Partners hopes to turn the land into its proposed “Luminous” development, featuring 138 residential units, a 135room hotel, 28,000 square-feet of retail space and a seven acre-park. The potential annual tax revenue to the town would be about $350,000, according to the town web site. But Save Davidson founding members Denise Beall said the group is against the “Luminous” project because the mixed-use, high-density plan is in direct opposition to the intent of now deceased landowner Venie Clontz who sold the property to the town beginning in 1985 for use as a park. Beall, who lives behind Beaty Street, said current town officials have not been transparent during the development process, especially when town officials denied the existence of documents stating Clontz wanted the property to be used for recreational purposes. A sale contract and correspondence regarding the sale did turn up after an open records request, Beall said. “We were basically steamrolled by our town elected officials on the issue,” said Beall. Although the “Luminous” plan does include a seven-acre park, Beall said the use of the park would primarily

be for hotel guests and not Davidson residents. What’s more is that two of the seven acres of the proposed park includes a pond and four of the seven acres include a deep gully watershed that cannot be built upon, Beall said. Shaul said the Beaty Street property was not deed restricted to only allow a park. Save Davidson is also concerned a town appraisal has low-balled the value of the property. On Aug 24, the group released an appraisal from a firm it hired to obtain an outside opinion on the Beaty Street property’s valuation. Valbridge Property Advisors appraised the property at $4.6 million, more than double the town of Davidson’s appraisal of $1.9 million, according to the citizen group. The $1.9 million town appraisal, released in July 2017 by T.B. Harris & Associates, was an updated valuation from the same firm’s $1.6 million appraisal originally conducted in spring 2016. Save Davidson members are concerned the town is trying to sell the land at a low price and that the property’s private developer could plan to sell a portion of the land for a hotel at at much higher price. Save Davidson is also gearing up to fight several other proposed developments that could bring more cars to the town’s roads and put a strain on infrastructure, including the proposed construction of a four-story, 115-room hotel with plaza and retail space to be built on two acres at Griffith Street Continued on page 19


Business Today

September 2017

Continued from page 18

and Davidson Gateway. On Aug. 4, town leaders held a site walk along the property and later held a lunch presentation for the public to learn about the plan and give feedback. The proposed site is across the street from the lower grade building of the Community School of Davidson, prompting concern from parents about student safety and ongoing concerns about parking. The project includes 113 parking spaces for the hotel, which is 36 spaces less than required by town ordinance for such a property, Short said. The project identifies a mix of on-site surface parking, shared parking with a neighboring property and on-street parking spaces, Shaul said. Some of these spaces already exist and some will have to be constructed, Shaul said. “In sum, this totals 113 spaces, which is less than the 149 spaces required by the Davidson Planning Ordinance,” Shaul said. “Any deviation from the ordinance standards, such as counting on-street parking spaces on an adjacent block, would need to be ap-

proved as a condition specific to the proposal.” Members of SHINE want town leaders to demand the developer live up to all 149 parking spaces. A public hearing on the project has been tentatively scheduled for Sept. 12 with the planning board scheduled to make a recommendation Sept. 25, according to the town web site. The Davidson Board of Commissioners may elect to vote on the proposal Oct. 10, according to the town web site. The Potts Street development by Crescent Communities is another project Save Davidson is opposing because it is zoned for dense development and would be inappropriate for the area’s narrow streets, Beall said. The project calls for the construction of 19 townhomes and 276 multi-family units on 23 acres at 513 Catawba Avenue near Potts Street, according to the town web site. According to town plans, part of the development falls in the town of Davidson and part of it falls in the town of Cornelius.

Shaul said the Potts property is currently under technical review with Mecklenburg County. Davidson town officials are also currently awaiting results from Cornelius regarding improvements along N.C. 115 and any

potential realignment of Potts Street before moving forward with a public input session. A transportation impact analysis is currently under development, according to the town web site.

Uwharrie reports assets rose 11.5 percent from last year Uwharrie Capital Corp and its subsidiaries reported total assets reached $586 million as of June 30, up 11.5 percent from June 30 last year. Total deposits grew $60 million or 13 percent, to $522 million. Loan balance at June 30 was $356 million, reflecting a 7.1 percent growth over the $333 million in loans outstanding reported as of June 30 last year. Earnings for the second quarter ended June 30 amounted to $632,000 vs. $710,000 reported during the same quarter in 2016. For the six-month period ending June 30, earnings were $1.25 million vs. $1.22 million reported for the six months of 2016. Earnings last year included one-time security gains of $542,000. As stated

previously, 2017 earnings-to-date reflect a stronger level of recurring earnings reported, as 2017 earnings are all from operations. In a letter to shareholders, the financial company said all key performance measurements are moving in the right direction. “Asset quality continues to improve, and progress is being made on our first full-service banking office in Mecklenburg County. Uwharrie Bank Mortgage and Uwharrie Investment Advisors, as key contributors to our fee based strategy, continue to make progress toward adding diversification to our earnings base while permitting us to take a holistic approach in meeting the needs of our customers,” the letter said.

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Business Today

20 September 2017

On The Record

THIS MONTH TRANSACTIONS……………..20-24 FORECLOSURES………………….25 NEW CORPORATIONS………25-26

REAL ESTATE TRANSACTIONS These are recent property transactions recorded by the county Register of Deeds in Cabarrus, Iredell and Mecklenburg.

Cabarrus County 07/25/17 $332,500 Broadstreet Homes, Inc. to Mark & Traci Schadler, 4151 Green Park Ct., Harrisburg 07/25/17 $324,000 Lennar Carolinas, LLC to Vishnu Vedula & Naga Neti, 9895 Travertine Tr., Davidson 28036 07/25/17 $332,500 Michael & Belinda Threlkeld to Keith & Pamela Ross, 247 Virginia St., Concord 07/25/17 $321,000 Victory Industrial Park, Inc. to Kirk & Shelley Schultz, 2370 Baxter Pl., Concord 07/26/17 $252,000 Shelley Smith to Monett Williams, 8448 Magnolia Springs Ln., Harrisburg 07/26/17 $395,000 Bobby & Deborah Doby to Tony & Wendy Benz, 843 Craigmont Ln., Concord 07/26/17 $390,000 Elizabeth Baas to Jerrod & Jennifer Kraftchick, 9578 Nomenore Dr., Charlotte 28269 07/26/17 $262,500 Albert & Regina Curl to Duane & Katie Aagaard, 301 Eastover St., Concord 07/27/17 $398,000 Taylor Morrison of Carolinas, Inc. to Robert & Jane Perino, 2259 Prairie Rd., Concord 07/27/17 $361,000 Narendra & Sushmita Shah to Gregory Larson & Anna Auglander, 9884 Ravenscroft Ln., Concord 07/27/17 $391,500 HB22, LLC to Judith Cook, 313 Park Pl., Harrisburg 07/27/17 $400,500 Taylor Morrison of Carolinas, Inc. to Rocco & Mary Daloia, 2253 Prairie Rd., Concord 07/26/17 $339,500 Live Well Homes, LLC to Vinod Ardinary & Swetha Gn, 8040 Frances Haven Dr., Harrisburg 07/26/17 $470,000 Keven & Melonie Johnson to Sharon Ann Composky, 6823 Manatee Dr., Concord 07/26/17 $260,000 Johnathan & Chiana Hill to Malcom & Netiva Heard, 5609 Hammermill Dr., Harrisburg 07/27/17 $325,000 Eric & Jennifer Baucom to Samuel & Brittany Kicklighter, 7226 Baybrooke Ln., Harrisburg 07/27/17 $400,000 Bank of North Carolina to David Cuthbertson, 127 ac. on Hwy. 601, Concord 07/27/17 $300,000 Sally Beeman-Mitchell to

Kristofer Barrow & Heather Banes, Lot 197, Morris Glen Subdivision, Concord 07/27/17 $256,500 NVR, Inc. to Johnathan & Lauren Johnson, 1717 Mill Creek Ln., Concord 07/27/17 $267,000 NVR, Inc. to Estella Antanga, 1825 Mill Creek Ln., Concord 07/27/17 $272,000 David & Susanne Ireland to Louis & Lori Quievryn, 5645 Nolen Ave., Concord 07/27/17 $332,000M/I Homes of Charlotte, LLC to Sumanth Kalidindi & Nimitha Gottumukkala, 106898 Sky Chase Ave., Concord 07/27/17 $295,000 Cory & Kayla Donley to Erica Royal, 2224 Barrowcliffe Dr., Concord 07/27/17 $329,000 Broadstreet Homes, Inc. to Michael & Lori Endres, 8525 Whitworth Ave., Harrisburg 07/27/17 $289,500 Connie Moro to Doran Nieman, 547 Harrison Dr., Concord 07/27/17 $280,000 Paul Lentz Estate and John, Linda, Anne, Phillip, James, Frances, G.E. & Jane and Catherine & Keith Efird to 17 Mile Real Estate, LLC, 1945 Gold Hill Rd., Concord 07/27/17 $376,000 NVR, Inc. to KC Gokarna & Shikshya Dhimal, 2318 Drake Mill Ln., Concord 07/27/17 $418,500 Niblock Homes, LLC to John & Melinda Spangenberg, 2292 Fairport Dr., Concord 07/28/17 $575,000 Darin & Johnna Watson to Christopher & Michele Evans, 10620 Harris Rd., Huntersville 28078 07/28/17 $459,000 Bobby & Susan Feezor to Thomas & Julie Natale, 6036 Havencrest Ct., Concord 07/28/17 $2,970,000 TAC Niblock, LLC to Taylor Morrison of Carolinas, Inc., Phase 1, Hunton Forest Subdivision, Concord 07/28/17 $316,500 NVR, Inc. to Robert & Megan Mayes, 2322 Drake Mill Ln., Concord 07/28/17 $375,000 Estate of Gerald Takahashi to Brandon & Jennifer Bradley, 2603 Shoal Park Rd., Concord 07/28/17 $310,000 Frank & Rita Doering to Amit & Diksha Rajput, 7323 Millstone Cr., Concord 07/28/17 $1,500,000 Ernest Irvan, Jr. to John & Jessie Long, 9855, 9943, 9927, 9869, 9985, 1011, 10059 & 9939 Troutman Rd., Midland 07/28/17 $325,000 NRZ REO VI Corp. to Rudolph & Dawn Lewis, 10321 Elven Ln., Charlotte 28269 07/28/17 $462,000 M/I Homes of Charlotte, LLC to Kiran Nanubala & Lakshmi Yanamala, 8414 Sundrop Pl., Harrisburg 07/28/17 $382,000 M/I Homes of Charlotte, LLC to Chaitanya Gangineni & Divya Mandava, 10656 Skipping Rock Ln., Concord 07/31/17 $260,000 Todd Ockert & Ana Murillo to Sherrie Norris & Kaitlin Weldon, 10872 Tailwater St., Davidson 28036 07/31/17 $316,000 D.R. Horton, Inc. to Vivek Gajula & Anushga Prathi, 1450 Skygrove Pl., Concord 07/31/17 $316,500 Christopher & Jessica Chamness to Nathan & Jill Poirier, 9510 Numenore Dr., Charlotte 28269 07/31/17 $290,000 Jason Adams to Bradley


Business Today

September 2017

On The Record & Amy Smith, 9712 Ravenscroft Ln., Concord 07/31/17 $319,000 Nina Malholra to Shameer Salim & Abna Rahim, 380 Sutro Forest Dr., Concord 07/31/17 $375,000 M/I Homes of Charlotte, LLC to Tara Beverly, 2539 Snap Dragon Dr., Harrisburg 07/31/17 $352,000 M/I Homes of Charlotte, LLC to Maurice & Kimberly Cousineau, 2645 Cherry Laurel Dr., Harrisburg 07/31/17 $275,000 Gregory & Doreen Piersanti to Brendon Helms & Mary Kissiah, 4706 Hanwell Ln., Concord 07/31/17 $371,000 Meritage Homes of the Carolinas, Inc. to Narishwar & Richa Grimire, 8374 Breton Way, Harrisburg 07/31/17 $485,000 Justin & Melissa Doster to Stuart & Frida Cantor, 434 Vintage Hill Ln., Huntersville 28078 07/31/17 $330,000 Teresa Compton to Jason Adams & Denette Carte, 1127 Asheford Green Ave., Concord 07/31/17 $343,000 Lennar Carolinas, LLC to Samuel & Semonna McNeil, 9868 Travertine Tr., Davidson 28036 07/31/17 $300,000 Neil & Mary Buhl to Promissor Relocation, LLC, 2127 Baggins Ln., Charlotte 28269 07/31/17 $300,000 Promissor Relocation, LLC to Ronald & Samantha Maynard, 2127 Baggins Ln., Charlotte 28269 07/31/17 $264,000 Amanda Bates, Sean Sullivan and John & Gillian Steimke to William & Crystal Shull, 595 Martha’s View Dr., Huntersville 28078 07/31/7 $257,000 Brandon & Crystal Harrington to John & Linda Bain, 589 Harrison Dr., Concord 07/31/17 $350,500 Scott Hall to John & Dana Sweat, 3272 Fairmead Dr., Concord 07/31/17 $361,000 Niblock Homes, LLC to Darrin, Elaine & Richard Dissler, 2403 Ashborne Pl., Concord 07/31/17 $390,000 Jason Wehrum & Elise Todd to Scott Baker, 22658 Lansing St., Concord 08/01/17 $1,645,000 Amanda Phifer, Gayle Hatley, Danny Phifer & Helen Phifer to Harrisburg Holdings, LLC, 4850 N.C. Hwy. 49, Harrisburg 08/01/17 $1,620,000 THD Investments, LLC to Concord Parkway Properties, LLC, 369, 371 & 375 Concord Pkwy., Concord 08/01/17 $427,500 Weekley Homes, LLC to Joel & Kerri Mills, 11329 Fullerton Pl., Huntersville 28078 08/01/17 $297,000 Eastwood Construction, LLC to John & Kristy Pearson, 2624 Keady Mill Loop, Kannapolis 08/01/17 $283,000 Chesmar Homes CL, LTD to Tammy Beene & Teresa Compton, 3204 Kelsey Pl., Kannapolis 08/01/17 $325,000 Dennis & Nancy Miller to HP North Carolina I LLC, 619 Harrison Dr., Concord 08/01/17 $375,000 Donald & Irene Hatfield to Richard & Christina Bellina, 2081 Hambridge Ave., Kannapolis 08/01/17 $375,000 Rudolf Muenster to Ashley London & Jaime Guerra, 189 Union St. N., Concord

08/02/17 $388,000 Phil & Sherry Harris to Cory & Janet Lay, 3443 Cal Bost Rd., Midland 08/02/17 $307,000 Jerry & Nancy Pierce to Ruth Patterson, 1202Greenside Dr., Concord 08/02/17 $272,500 Douglas & Sandra House to Teresa Galvin & Paul Hudson, 11761 Crossroads Pl., Concord 08/02/17 $342,000 HB22, LLC to Gilda Thomas, 317 Park Pl., Harrisburg 08/02/17 $293,500 Kevin & Anna Bryant to Jonathan & Meredith Honeycutt, 585 Penelope Pl., Concord 08/03/17 $4,423,000 Mardan Enterprises, LLC to Crown Point 51 LLC, property located on west side of Lake Concord Rd. near Nursecare, Concord 08/03/17 $12,778,000 Mardan II, LLC to Crown Point 152 LLC, property on south side of Poplar Tent Rd., Concord 08/03/17 $13,850,000 Concord Five Portfolio, LLC to Threshold C5, LP, Ptnrp., 19.98 ac. on US Hwy. 29 (Concord Apartments), Concord 08/03/17 $8,000,000 Concord Five Portfolio, LLC to Threshold C5, LP, Ptnrp., 16.9 ac. on Cooper Ridge Rd., Kannapolis 08/03/17 $20,000,000 CK Afton Ridge I, LLC to Exeter 636 Glen Afton, LLC, 6361 Glen Afton Blvd., Concord 08/04/17 $392,500 Nonie Tucker Estate to Sara Plakakis, 5861 Colwick Ct., Concord 08/04/17 $375,000 Steve Purser & Aubie Cook to Todd & Ruth Groenhout, 87 Bridlewood Pl., Concord 08/04/17 $508,000 Taylor Morrison of Carolinas, Inc. to George & Cheryl Adams, 8465 Blume Pkwy., Harrisburg 08/04/17 $40,598,500 Suncap Charlotte, LLC to MREIC Concord NC II, LLC, 56.572 ac. at International Business Park, Concord 08/04/17 $310,000 Anthony & Andrea Carinci to Ankur & Rishabha Srivastava, 1266 Sandy Bottom Dr., Concord 08/04/17 $312,000 Edison Square Holdings, LLC to NVR, Inc., Lots 2901 – 2906, Edison Square Townhomes, Harrisburg 08/04/17 $337,000 Charles & Petra Patton to Shawn & Erin Britt, 11385 Serenity Farm Dr., Midland 08/04/17 $290,000 Hugh Holt Morrison Family LLC to Kurt Johnson & Kimberly Rowland, 425 Spruce Pl., Concord 08/04/17 $5,500,000 Faggart Family Trust to Kannapolis Logistics Center, LLC, 117 ac. on Macedonia Church Rd., Kannapolis 08/04//17 $290,000 T. Hall Enterprises II, LLC to Kannapolis Logistics Center, LLC, 6307 Macedonia Church Rd., Kannapolis 08/04/17 $290,000 Ally Properties, LLC to Christopher & Lori Hardee, 165 Cottontail Ln., Concord 08/04/17 $436,000 Steven & Lisa Halprin to Tamika & Devon Daniels, 2549 Fallbrook Pl., Concord 08/04/17 $358,000 Derick & Heather Pegram to Michael & Deann Warner, 11131 McCamie Hill Pl., Concord 08/07/17 $390,000 D.R. Horton, Inc. to AnContinued on page 22

Newsmakers

b r e a k f a s t Where do we go from here? Wednesday, September 6

with

Woody Washam Mayor Pro Tem

Chaz Beasley NC House Representative

John Wertheimer Professor, Davidson College The Peninsula Club 19101 Peninsula Club Dr., Cornelius $12 Includes Breakfast Doors open at 7:15 a.m. for Networking Breakfast begins at 7:30 a.m. Out by 9 a.m. RSVP Today at 704.895.1335 Presenting Sponsor:

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Business Today

22 September 2017

On The Record Continued from page 21

thony & Andrea Carinci, 11211 Smokethorn Dr., Concord 08/07/17 $318,500 Bobby & Elsie Bonds to Stanley & Barbara Houchen, 3031 Fairmead Dr., Concord 08/07/17 $350,000 David & Kim Hall to Stephen & Wendy Pennell, 7975 Grimsley Cr., Harrisburg

More Cabarrus Transactions online at www.BusinessTodayNC.com

Mecklenburg County 7/26/17 $275,000 Lee & Jessica Watkins to Darrien & Yanessa Page, 6931 Church Wood Ln., Huntersville 7/26/17 $280,000 Cynthia Leigh to Todd & Amy Elwell, 19242 Lake Norman Cove Dr., Cornelius 7/27/17 $1,300,000 John & Melinda White to John & Mary Kinzer, 16710 Green Dolphin Ln., Cornelius 7/27/17 $320,000 Brian & Julia Carr to Edwin Melendez & Evelinne Zabala, 15406 Troubadour Ln., Huntersville 7/27/17 $824,500 Stephen & Susan Krisel to Melissa Lynch, 16215 Sasanoa Dr., Cornelius 7/27/17 $312,000 Sherie Haymore to Donovan & Stephanie Resh, 13134 Centennial Commons Pkwy., Huntersville 7/27/17 $328,500 John & Erin Bowling to Tracey Kavanaugh & Robert Dockrill, 13825 Thach Ct., Huntersville 7/27/17 $525,000 Seamas & Ann Kenny to Bonita Caldwell, 10939 Brandie Meadow Ln., Huntersville 7/28/17 $699,000 Sam Sungand & Ulsook Sung to Paul Bartman & Marlene Markey, 21205 Island Forest Dr., Cornelius 7/28/17 $303,000 Andrew & Meredity Konik to Orlando & Andrea Cruz-Solano, 124 Shorecrest Dr., Davidson 7/28/17 $320,000 Rita Moore to CRM Holdings, 17002 Carlton Way Rd., Huntersville 7/28/17 $380,000 Justin Murphy & Gabriella Alberdi to Shane Winters, 19511 Dufour Ct., Cornelius 7/28/17 $450,000 Michael & Shaun Simmer to Gretchen Williamson, 15804 Woodcote Dr., Huntersville 7/28/17 $265,000 Lynn Webster to Barbara MacLean, 17137 Doe Valley Cr., Cornelius 7/28/17 $283,000 HPA Borrower 2016-1 LC to Thomas & Catherine Kipp, 15842 Kiser Corner Ln., Davidson 7/28/17 $307,000 Amberly & Rafael Hazembuller to Lazaro Figueroa & Wendela Diaz, 12503 Surreykirt Ln., Huntersville 7/28/17 $2,550,000 National Residential Nominee Services to Steven & Kim Morris, 18930 Balmore Pines Ln., Cornelius 7/31/17 $380,000 Marian Hooker to Fronia & Nestor Calero Jr., 19238 Dutch Iris Ln., Cornelius 7/31/17 $394,000 Lela Wulf & Tim Frantz to Bryan & Tiffany Spach, 15933 Hollingbourne

Rd., Huntersville 7/31/17 $265,000 Christopher Weaver & Lindsay Smith to Hannah & Brennan Roth, 6906 Olmsford Dr., Huntersville 7/31/17 $332,000 Pulte Home Co. to Tillie & Woldermar Hebrert, 12803 Stella Belle Dr., Huntersville 7/31/17 $355,000 Matthew & Teresa Blaich to Todd & Jennifer Howe, 5212 Chapel Chase Ln., Huntersville 7/31/17 $305,000 Amy Lykins to Randy & Cristal Brawley, 8208 Ballymore Ct., Huntersville 7/31/17 $389,000 Charles Daymude to Jose Martinez & Anna Covaria, 9732 Cockerman Ln., Huntersville 7/31/17 $425,000 Chase & Stepahnie Prettyman to Sharon & Edward Moses, 307 Billings Pl., Huntersville 7/31/17 $265,000 Keith & Amanda Fortier to Thomas & Jessica Nolam, 10609 Caldwell Depot Rd., Cornelius 8/1/17 $307,000 Jonathan &Alyssa Fernandez to Ashlee Humphrey, 211 Quail Crossing Huntersville 8/1/17 $475,000 Rostislav & Bianca Beyer to Kristan & Anaya Chavious, 739 Branchside Ln., Huntersville 8/1/17 $250,000 Andrew & Courtney Cody to Jeffrey & Brenda Stanton, 11130 Harbert Rd., Huntersville 8/1/17 $362,000 Pulte Home Co. to Casey & Vela Chandler, 15238 Liberty Ridge Ln., Huntersville 8/1/17 $257,000 Matthew & Beth Hardy to FREO North Carolina, 7235 Tanners Creek Dr., Huntersville 8/1/17 $1,400,000 Mercedes Bittan to Mark & Denise Imhoff, 19309 Peninsula Shores Dr., Cornelius 8/2/17 $565,000 Nancy & J. Michael Kota to Kevin & Erica Croke, 112 Caldwell Ln., Davidson 8/2/17 $435,000 Scott Sommerfeld to Homer Sutton & Catherine Slawy-Sutton, 331 O’Henry Ave., Davidson 8/2/17 $430,000 Jon-Eric & Jennifer Sullivan to Tina & Philip Joseph, 10437 Blackstone Dr., Huntersville 8/2/17 $400,000 Larry & Christine McKinney to John McBride & Kelly Bradley, 16307 Spruell St., Huntersville 8/2/17 $490,000 Scott & Julia Glover to Daniel Briggs, 9615 Hillspring Dr., Huntersville 8/3/17 $254,500 Brian Kirby & Carrie Arceneaux to AMH NC Properties, 17360 Caldwell Rush Cir., Huntersville 8/3/17 $747,500 Charles & Jean Glass to Christopher & Meghan Lemke, 16507 Morecambe Dr., Cornelius 8/3/17 $255,000 Alison Bradley & William Keible Jr. to Michael Boynton, 19135 Juanita Ln., Cornelius 8/3/17 $500,000 David & Patricia Blyler to Daniel & Debra O’Handley, 17718 Sedona Way, Cornelius 8/4/17 $412,500 John & Lynn Lang to William & Anna Nolte, 229 N. Kimberly Rd., Davidson 8/4/17 $351,500 Jason & Jessica Wonderly


Business Today

September 2017

On The Record

Mooresville

7/24/17 $386,000 JR Homes of North Carolina to Jonathan & Lindsay Vickery, 125 Butler Dr. 28115 7/24/17 $265,000 Michael & April Gayford to Keith & Carrie Winchester, 104 Burlingame Ct. 28117 7/24/17 $1,200,000 George & Judith Fogle to Wei Guang Li & Sherry Xiao, 400 Beech Tree Rd. 28117 7/24/17 $675,000 Lynn Gibbons-Beddow & Don Papernik to Erik & Melissa Sanchez, 123 Ewart Pl. 28117 7/25/17 $300,000 Bert & Kathryn Allen to

Continued on page 24

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More Mecklenburg Transactions online at www.BusinessTodayNC.com

Allan & Haixia Liu, 139 Oxford Dr. 28115 7/25/17 $410,000 Daniel & Tracey York to Ralph & Georganna Rafaniello, 121 Prestwood Ln. 28117 7/25/17 $320,000 Thomas & Ivey Guthrie to Don Lillibridge, 637 Williamson Rd., #306 28117 7/25/17 $900,000 John W. Taylor to Russell & Jody Boyd, 107 Easton Dr. 28117 7/25/17 $2,638,000 Steven & Patricia Shawley to Linon Slossberg & Thomas North, 154 Union Chapel Dr. 28117 7/25/17 $514,000 D.R. Horton to Eleanor A. Rose, 289 Blueview Rd. 28117 7/25/17 $286,000 Richard & Angie Shipp to Amber J. Bassett, 192 Glastonbury Dr. 28115 7/25/17 $300,000 Linda S. Peltier to Marissa Ann Vest, 637 Williamson Rd., #203 28117 7/25/17 $274,000 Matthew Mattson to CSHP One LP, 138 E. Warfield Dr. 28115 7/25/17 $380,000 Russell & Leslie Zimprich to James & Charity Creel, 568 Highland Ridge Rd. 28115 7/25/17 $572,000 Legacy Constructors to Brian Morrison & Kimberly Hoffman, 107 Canterbury Place Rd. 28115 7/26/17 $375,000 John & Patricia Wright to Elizabete & Jose Madeira, 110 Seneca Pl. 28117 7/26/17 $415,000 First National Bank of Pennsylvania to Acropolis Enterprises, 215 Harbor Landing Dr. 28117 7/26/17 $385,000 IQ Custom Construction to David & Kathryn Teague, 125 Brawley Woods Ln. 28115 7/26/17 $279,000 Lennar Carolina to Carol & Donald Sutton, 112 Lassen Ln. 28117 7/26/17 $575,000 BMCH North Carolina to Brian & Tracy Bissonnette, 104 Avensong Ct. 28115 7/26/17 $380,000 Mark & Kimberly Mannion to David & Claire Grimsley, 255 Farmstead Ln. 28117 7/26/17 $370,000 D.R. Horton to Joseph & Arlene DeStefon, 219 Blueview Rd. 28117 7/26/17 $526,000 John & Linda Gromko to Susan & Michael Melton, 108 Lawrence Tee Ln. 28117 7/27/17 $575,000 Scott & Karen Reeves to Guy & Karen Miller, 120 Tuskarora Point Ln. 28117 7/27/17 $607,500 Meritage Homes of the Carolinas to Richard Fernandez & Yolanda Gil, 347 South San Agustin Dr. 28117 7/27/17 $400,000 August & Kim Mauro to Chrissy & Jess Walters, 138 S. Gibbs Rd. 28117 7/27/17 $273,000 Lennar Carolinas to Chelsea Evans & Adam Stipe, 115 Lassen Ln. 28117 7/27/17 $328,500 Pulte Home Company to Benjamin H. Saperia, 151 Farmers Folly Dr. 28117 7/28/17 $407,000 Michael & Rebecca Sharar to Kevin & Suzanne Culbertson, 296 Blume Rd. 28117 7/28/17 $515,000 David & Susan Hines to

CLASS OF 2017

f

to Benjamin & Brittany Goodman, 8924 Parkcrest St., Huntersville 8/4/17 $455,000 Maryanne Pratt & Chris Brennan to Timothy & Kimberly Breault, 15843 Lavenham Rd., Huntersville 8/4/17 $296,000 McSulltri Developments to Bradley Heinrich, 15901 Hollingbourne Rd., Huntersville 8/4/17 $256,000 Brian Morrison to Lauren & Eric Wysong, 18626 The Commons Blvd., Cornelius 8/8/17 $660,000 Paul & Kathleen Miller to Jason Wehrum & Elise Todd, 13350 Bally Bunnion Way, Davidson 8/9/17 $325,000 Kyle & Loretta Riddle to Susan Clayton, 17810 Half Moon Ln. Unit K, Cornelius 8/9/17 $875,000 Donna & Carl Council Jr. to Christopher & Michelle Bowe, 13342 Bally Bunnion Way, Davidson 8/9/17 $650,000 C. Peter & Judy Cole to Ella & Frederic Smith, 108 Edgewater Park St., Davidson 8/9/17 $344,000 Pulte Home Co. to Ricahrd & Mary Louise Westcott, 15112 Liberty Ridge Ln., Huntersville 8/10/17 $430,000 Daniel & Debra Jean Ohandley to Paul Steen, 15603 Aberfeld Rd., Huntersville 8/10/17 $500,000 Suzanne & Rodney Toohey Jr. to Manish & Deanna Jain,12910 Olive Park Dr., Huntersville 8/10/17 $275,000 Dennis & Patricia Jones to John Stankiewicz, 8303 Townley Rd., Huntersville 8/10/17 $274,000 Trustees of Davidson College to James & Amanda Wheeler, 261 Ashby Dr., Davidson 8/11/17 $307,000 Bradley & Holly Lewis to Tracy & David Fender Jr., 9004 Scottsboro Dr., Huntersville 8/11/17 $295,000 Timothy & Diane Buhler to Nicky & Kathryn Arbia, 16023 Hollingbourne Rd., Huntersville 8/11/17 $307,000 Bradley & Holly Lewis to Tracy & David Fender Jr., 9004 Scottsboro Dr., Huntersville 8/11/17 $295,000 Timothy & Diane Buhler to Nicky & Kathryn Arbia, 16023 Hollingbourne Rd., Huntersville

Champagne Reception, Expo & 12th Annual Awards 6 - 9 p.m., Thursday, October 19 River Run Country Club • 19125 River Falls Drive • Davidson RSVP 704-895-1335 Tickets - $39

Sponsorships available. Call 704.895.1335.

23


Business Today

24 September 2017

On T he Record Continued from page 23

&

Old Fashioned BBQ Candidate Forum Meet the candidates for Cornelius Town Commission at the Old Fashioned BBQ and Candidate Forum Tuesday, Oct. 6 in the Community Room at Town Hall. There will be a benediction, a patriotic song, a meaningful discussion and a barbecue lunch. Proceeds benefit the TopDeck Foundation, which supports our Police Department.

Oct. 6 - 11:30 am - 1:00 pm Admission $9.50

DENIS P. BILODEAU

AVA CALLENDER

JIM DUKE

MICHELLE FERLAUTO

DAVE GILROY

DR. MICHAEL MILTICH

KURT NAAS

WILLIAM RAKATANSKY

THURMAN ROSS, JR.

TRICIA SISSON

RICHARD J. STILWELL, JR.

Pledge of Allegiance led by Mayor Pro Tem Woody Washam Moderator: Rev. David Judge, pastor of First Baptist Church Sponsored by:

Presented by:

Randolph John Murphy, 140 Montclair Dr. 28117 7/28/17 $755,000 Anthony & Glenda Read to Joshua & Jessica Ziebell, 374 Ponderosa Cir. 28117 7/28/17 $258,000 Marcia R. Howell to William & Patricia Gordon, 139 Ivy Creek Ln. 28115 7/28/17 $450,000 John & Janet Aultman to Deborah Wellman, 129 Wood Thrush Ln. 28117 7/28/17 $600,000 Christopher & Stephanie Shaw to Mike & Lisa Macdonald, 121 Walnut Hill Dr. 28115 7/28/17 $470,500 Brian & Gina Emerson to Thomas & Valorie Liggett, 184 Castle Gate Dr. 28117 7/28/17 $335,000 Michael & Elizabeth White to David & Charlene Wolfe, 166 Lavender Bloom Loop 28115 7/28/17 $340,000 CalAtlantic Group to Yang Shen, 187 Alexandria Dr. 28115 7/28/17 $258,000 Robert & Beth Story to Josh Szakacs, 114 Biscuit Ct. 28115 7/28/17 $602,000 Meritage Homes of the Carolinas to Mark & Ashley Shanks, 313 S. San Agustin Dr. 28117 7/28/17 $380,000 Jerry & Karen Spruell to Renee & Ronald Jones, 147 Billy Jo Rd. 28117 7/28/17 $313,000 H&H Constructors to Thomas & Victoria Brooks, 112 Havenbrook Dr. 28115 7/31/17 $340,000 Robert & Shannon Montgomery to James & Barbara Besecker, 162 Albany Dr. 28115 7/31/17 $281,000 Qwest Investment Properties to Karen Pena, 112 Riding Trl. 28117 7/31/17 $338,000 Grande Home Company to Michael & Crystal Tokarsky, 222 Pintail Run Ln. 28117 7/31/17 $520,000 Susan & Charles Raines to James & Jennifer Sweeney, 300 Greenbay Rd. 28117 7/31/17 $350,000 Richard & Kathleen Mazewski to Kathryn & John McCash, 137 Bridle Path Ln. 28117 7/31/17 $285,000 River Rock Construction NC I to CSHP One LP, 106 Four Seasons Way 28117 7/31/17 $392,000 Adam & Wendy Lewis to Bryson & Shelley Seales, 143 Walden Dr. 28115 7/31/17 $1,575,000 Norman & Saundra Weiss to Darius & Karen Callahan, 203 Milford Cir. 28117 7/31/17 $300,000 Faith Presbyterian Church to New Hope Lutheran Church, 2987 Charlotte Hwy. 28117 8/1/17 $1,855,000 Joan Stock to Matthew & Kristina Tamas, 160 Attleboro Pl. 28117 8/1/17 $785,000 Jerome & Catherine Kaproth to Dan Munson, 703 Isle of Pines Rd. 28117 8/1/17 $252,000 M/I Homes of Charlotte to Ann E. Whitney, 185 Glastonbury Dr. 28115 8/1/17 $378,000 D.R. Horton to Karen Desrochers & Eleanor Rose, 171 Blueview Rd. 28117

8/1/17 $469,500 Essex Homes Southeast to Christopher Katz & Silvia Davis, 145 Shinnville Ridge Ln. 28115 8/1/17 $350,000 Timothy & Kellee Meadows to Thomas & Lynn DiPierro, 132 Waterbury Dr. 28117 8/1/17 $750,000 Linnane Construction to David G. Ellertson, 236 Washam Rd. 28117 8/1/17 $292,000 Dusty & Abigail Nester to Kurt Engelhardt, 151 Trotter Ridge Dr. 28117 8/1/17 $352,500 David Ryan to Russell & Connie Beebe, 134 W. Warfield Dr. 28115 8/1/17 $799,000 Sisters of Cove LKN to Adam & Wendy Lewis, 164 Twin Sisters Ln. 28117 8/1/17 $915,000 James & Cheryl Griffith to Isha & Arvid Mishra, 147 Clusters Cir. 28117 8/1/17 $330,000 IQ Custom Construction to Scott & Akriti Schmoyer, 113 Brawley Woods Ln. 28115 8/1/17 $260,000 Virginia Laufer to Tyler & Jill Phillips, 201 Charter Oak Ct. 28115 8/1/17 $601,000 BMCH North Carolina to Brian & Nicole Ketring, 187 Rain Shadow Dr. 28115 8/2/17 $715,000 Timothy & Ann Whelan to Jason & Stephanie Myers, 127 Ewart Pl. 28117 8/2/17 $750,000 Sisters Cove of LKN to David & Lori Kumpf, 114 Sisters Cove Ct. 28117 8/2/17 $313,000 Mitchell & Kristen Brink to Brian & Kirstie Green, 254 Forest Walk Way 28115 8/2/17 $390,000 Lakewalk Waterfront to Nest Homes, 145 Little Indian Loop 28117 8/2/17 $465,000 SC Landholdings to Nest Homes, 159 Homer Ln. 28117 8/2/17 $465,000 Perry & Sharon Chambers to Richard & Rita O’Shea, 145 N. San Agustin Dr. 28117 8/2/17 $264,000 Jana G. Adams to Joe & Cecilia Borders, 111 Elmhurst Ln. 28115 8/3/17 $358,500 Morrison Suites to Lift Properties, 441 Barber Loop 28117 8/3/17 $320,000 Michael & Melissa Walsh to Daniel & Roxanne Berry, 139 Forest Walk Way 28115 8/3/17 $890,000 Ben & Edith Honeycutt to Brian & Sarah Walker, 117 Golden Pond Ln. 28117 8/3/17 $306,500 NVR to Kendra & Christopher Giaculli, 192 Welcombe St. 28115 8/4/17 $300,000 Robert & Marta Leonard to Gregory Troutman, 130 Clipper Ln. 28117 8/4/17 $255,000 Kenneth & Rebecca Hatfield to Adam & Ashley Moore, 135 Meandering Way Ln. 28117 8/4/17 $376,000 Taylor Morrison of Carolinas to Marcus & Sotithavy Spears, 135 Heron Cove Loop 28117 8/4/17 $274,000 Gus & Chrisoula Kanos to Psalms Properties, 920 N. Main St. 28115 8/4/17 $450,000 Rodney Hopkins to Jeremy & Tausha Phillis, 144 Fox Hunt Dr. 28117

More Mooresville Transactions online at www.BusinessTodayNC.com


Business Today

September 2017

25

On The Record

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.

Cabarrus County 07/26/17 Victor & Roxanne Witherspoon, 5216 Bahama Dr., Kannapolis, U.S. Bank Association, $75,510 07/28/17 Sara Lynch, 574 Carriage Ave., Concord, Lakeview Loan Servicing, $66,907 07/28/17 Steven & Kathleen Clark, 10411 Rutledge Ridge Dr., Huntersville 28078, $190,046 07/31/17 Lasundra Newsome, 1276 Farm Branch Dr., Concord $213,675 08/01/17 Estate of Vance Goodman, 4108 Irish Potato Rd., Concord, CIT Bank, $154,500 08/01/17 James & Evelyn Miller, 7334 Mount Olive Rd., Concord, Freedom Mortgage Corp., $255,138 08/01/17 Xavier & Melody Peguese, 12868 Mustang Rd., Midland, RoundPoint Mort-

gage Servicing Corp., $236,157 08/01/17 Frances Tate and Myra Thomas, 1200 Cox Mill Rd., Concord, U.S. Bank Trust, $85,298 08/02/17 Pamela Reid, 1485 B St., Mt. Pleasant, Habitat for Humanity, $76,000 08/02/17 Ronald & Tonya Barnes, 2475 Walker Rd., Mount Pleasant, Farmers & Merchants Bank, $114,000 08/02/17 Barnes Enterprises, Inc., 2505 Walker Rd., Mount Pleasant, Farmers & Merchants Bank, $36,000 08/03/17 David & Peggy Thornhill, 6657 Fox Ridge Cr., Davidson 28036, Deutsche National Bank, $396,000 08/07/17 Theodore Sever, 8517 Indian Summer Tr., Harrisburg, Nationstar Mortgage LLC, $144,637 08/07/17 Stephanie Estrella, 910 Elrond Dr., Charlotte 28269, M & T Bank, $218,000 08/07/17 Maurice Stark, 354 Queens Dr., Concord, Wells Fargo Bank, $134,089 08/08/17 Jennifer Amaya-Hernandez, 204 Wood Ave., Kannapolis, Habitat for Humanity, $90,000 08/08/17 Larry & Ruth Bostian, 7101 Dr. Floyd Rd., Concord, Carrington Mortgage Services, $121,923 08/09/17 LeCharles & Teresa Oldham, 242 Davidson Hwy., Concord, Pacific Union Financial, $62,840 08/09/17 Leslie Steele IV, 1053 Cambrook Ct., Concord, Wells Fargo Bank, $140,800

08/09/17 Eugene & Nina Kozhevnikov, 10402 Spring Tree Ln., Huntersville 28078, Specialized Loan Servicing, $379,250 08/09/17 Mark & Sandra Croote, 4968 Wheat Dr., Concord, JP Morgan Chase Bank, $133,841 08/09/17 Michael & Lori Negron, 9615 Bellamy Ave., Kannapolis, HSBC Mortgage Services, Inc., $115,900 08/09/17 Heirs of Ada Davis and Mark & Alda Ratliff, 1472 Burrell Ave., Concord, Nationstar Mortgage LLC, $216,465 08/14/17 Billye & Benjamin Dupree, 144 Beaumont Ave., Kannapolis, HSBC Mortgage Services, LLC, $216,465 08/14/17 Ronald Measmer, Sr. Estate, 414 NW Spring Street, Concord, Wells Fargo Bank, $65,884

More Cabarrus Foreclosures online at www.BusinessTodayNC.com

Mecklenburg County 8/2/17 Thomas & Marla Westmoreland, 18364 Nantz Rd., Cornelius, Wilmington Finance $840,000 8/9/17 Eric & Pholile Scott, 13642 Toka Ct., Huntersville, Mortgage Lenders of America $186,067 8/10/17 William C. Williams Jr., 22312 John Gamble Rd., Cornelius, Movement Mortgage $231,750

More Mecklenburg Foreclosures online at www.BusinessTodayNC.com

Mooresville 8/1/17 Bryan Jacob Reed, 2286 Charlotte Hwy. 28117, Paragon Mortgage $82,400 8/3/17 Stephen J. Phelps, 109 Coronilla Rd. 28117, Myers Park Mortgage $145,000

More Mooresville Foreclosures online at www.BusinessTodayNC.com

NEW CORPORATIONS These businesses have registered with the N.C. Secretary of State.

Cabarrus County 7/26/17 CS & R Transport LLC, Shana Nicole Ross, 426 Ithaca Dr., Concord 7/26/17 McAteer Consulting LLC, Shannon McAteer, 2651 Bedford Pl. NW, Concord 7/26/17 Raging Bull Charlotte LLC, John Edward Littlefield, 175 Davidson Hwy., Concord 7/27/17 Bird Nest Properties LLC, Gloria R. Continued on page 26

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• Tour 450 booths, filled with antiques from every era! Home decor, floral and paintings to suit every tast and style

• Plants and planters for porch and garden • Visit French Market Cafe & Gourmet Shop

500 S. Main Street | Mooresville, NC -next to Merinos Home Furnishings | 704-746-3636 | mainantiques.com


Business Today

26 September 2017

On T he Record Continued from page 25

Call or email for a free proprietary business valuation & analysis: Joe@Jvagnone.com “I referred Joe to a business friend of mine. He sold their business in less than 60 days. I would recommend Joe and his team to anyone thinking about selling their business.” Shawn Shrader: Business Owner & member of our Preferred program (PRP member)

Hawks, 95 Bridlewood Pl. NE, Concord 7/27/17 Byrd Mosquito Control LLC, Scott Matthew Byrd, 157 Union St. South, Concord 7/27/17 Micah Lucas Salon LLC, Crystal Turner, 12 Cabarrus Ave. E, Concord 7/27/17 Wicked Awesome Maine Lobster Company LLC, James F. Cloutier Jr., 1029 Gerry Ct., Concord 7/28/17 Aeromotive Inc., Jack Hickman, 4001 Dearborn Pl. NW, Concord 7/28/17 C Herman Construction LLC, Christopher Herman, 165 Brumley Ave., Concord 7/28/17 Mnemosyne Studio LLC, Ray Evans, 3796 Sedgewick Dr. SW, Concord 7/28/17 Vanager Properties LLC, Benjamin Vanager, 1450 Remington Ln. NW, Concord 7/31/17 Nidge Brook LLC, Stephanie L. Cooper Esq., 5620 Concord Pkwy., Ste. 203, Concord 7/31/17 SFC Products LLC, Graham Harrison, 8528 Pit Stop Ct. NW, Ste. 10, Concord 7/31/17 Trusha Distribution Inc., Prakashkumar Pansuria, 9799 Ravenscroft Ln. NW, Concord 8/1/17 Another Positive Experience LLC, Jermaine Thompson, 2833 Island Point Dr. NW, Concord 8/1/17 Brothers Unaware LLC, Jeffrey Scott Davis, 6901 Sandusky Blvd., Concord

More Cabarrus New Corporations online at www.BusinessTodayNC.com

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Mecklenburg County 7/26/17 BVP Holdings LLC, James Pierce, 18005 Whispering Oaks Dr., Cornelius 7/26/17 Christine S. Smith LLC, Christine S. Smith, 6321 Alba Rose Ln., Huntersville 7/26/17 Continuum Medical Communication LLC, Mona Shah, 9606 Devonshire Dr., Huntersville 7/26/17 The Float Conference LLC, Cecil Robuck, 16501 Northcross Dr., Ste. B, Huntersville 7/26/17 Peterson Remmey LLC, Ernest B. Remmey, 19619 Weavers Cir., Cornelius 7/27/17 ALG Services LLC, Anthony L. Givens, 12600 Asbury Chapel Rd., Huntersville 7/27/17 Campaign Counsel LLC, Thomas Trickett, 19119 Brookgreen Garden Pl., Cornelius 7/27/17 Charlotte Piping Society Inc., Alasdair Martin, 14015 Garden District Row, Huntersville 7/27/17 DCS/Cyber Security LLC, John F. Hanzel, 19425-G Liverpool Pkwy., Cornelius 7/27/17 Grundman Investments LLC, Daniel T. Grundman, 5430 Ashbury Ln., Davidson 7/27/17 Kairos Chiropractic Wellness Center PLLC, Jannette Rodriguez, 19109 W. Catawba Ave., Ste. 106, Cornelius 7/27/17 Perry’s Property Solutions LLC, Henry Perry Jr., 109 Holbrook St., Huntersville 7/27/17 True Built LLC, Michael Strensrud, 11811 Lawings Corner Dr., Huntersville

7/27/17 Woodbridge Homeowners’ Association Inc., W. Kendall Foster, 17824 Statesville Rd., Cornelius 7/28/17 Avoda Consulting Services LLC, Erickson Pece, 11233 Suunto Ln., Cornelius 7/28/17 Connection Counseling PLLC, Robert B. Newkirk III, 19810 W. Catawba Ave., Ste. E, Cornelius 7/28/17 Grey Dog LLC, Justin Edwards, 15321 Timberview Ln., Huntersville 7/28/17 Jensen Real Estate Inc., Brad Jensen, 14231 Old Vermillion Dr., Huntersville 7/31/17 Advisor Club LLC, William Hall, 18720 Jetton Rd., Third Fl., Cornelius 7/31/17 Fund 24-Davidson LLC, Anthony B. Bowman, 19701 Bethel Church Rd., #202, Cornelius 7/31/17 Lake View Property LLC, Rhonda Renee Pruitt, 1225 Torrence Cir., Davidson

More Mecklenburg New Corporations online at www.BusinessTodayNC.com

Mooresville 7/26/17 Spands 117 Everett LLC, Michael Shelley, 134 Secretariat Ln. 28117 7/26/17 Toyo Seal America NC Coporation, Kevin C. Donaldson, 149 Welton Way 28117 7/26/17 Your Employer Solutions LLC, Edward Marshall Wick, 104 Sapling St., Ste. 104 28117 7/27/17 Laurie Horton Inc., Laurie Horton, 122 Creston Ct. 28115 7/28/17 Buy Now Discounts LLC, Kenny Abrams, 516 D River Hwy., Ste. 280 28117 7/28/17 Empowered2 LLC, Bob R. Price, 925 Muirfield Dr. 28115 7/28/17 Full Throttle Drag Racing Experience LLC, James Seeley, 268B Pitt Rd. 28115 7/28/17 ID Theft Protect LLC, Kenny Abrams, 516 D River Hwy., Ste. 280 28117 7/31/17 The Advantage Software Company LLC, Ellen Coulter, 119 Backstretch Ln., Ste. A 28117 8/1/17 Brighter Minds LLC, Gabriel Araujo, 115 Elysian Estate Ct. 28115 8/1/17 Dandy Products LLC, Kenneth Teeters, 111 Jouster Ct. 28117 8/1/17 Ellis Racing Inc., Jasper Accounting Group Inc., 217 Rolling Hill Rd., Ste. B 28117 8/1/17 Fresh Entrance Commercial Cleaning LLC, Emily N. Ramsey, 114 Springwood Ln. 28117 8/1/17 Louisiana Fried Chicken City LLC, Manh Tang, 140 Marakery Rd., Unit A 28115 8/1/17 SRMR Properties LLC, Laila Roy, 164 Pinnacle Ln. 28117 8/2/17 Couture Blo Bar LLC, Amber Nicole Cope, 124 Town Center Dr. 28117 8/2/17 FELLFAB Enterprises LLC, David D. McKnight, 1618 Landis Hwy. 28115

More Mooresville New Corporations online at www.BusinessTodayNC.com


Business Today

September 2017

Hot Properties

If your abode truly is a castle, it takes time to sell

27

Q

: I have bought property in other states, and my closing was not conducted by a real estate attorney. Why does North Carolina require that an attorney conduct a real estate closing?

A

The Clampett’s had a nice crib. It’s on the market in LA for $350 million

Patience is a virtue when it comes to multimillion-dollar properties. The average DOM for $2 million-plus​ properties in Cornelius is 147, down 11 percent from same time last year.​ Nevertheless, Cornelius has a 9-month supply of inventory priced at more than $2 million, but that’s down 53 per-

cent from this time last year. Spoken in a Thurston Howell voice: “$2 million isn’t really that much, is it Lovey?” The Beverly Hillbillies mansion in Bel-Air, Ca. is on the market for $350 million. (You could actually retire comfortably on that.) There’s another house, a “world-class estate” in East Hampton

on the market for $140 million. For ​ $2 million-plus p ​roperties in Mooresville, average DOM is 206, down 12​percent​from same time last year. Mooresville has a 26-month supply of​ $2 million-plus i​ nventory​ , however. Stephanie Gossett, Allen Tate regional vice president​, provided the local data.

In Cornelius

A 4,000 square-foot home on Jetton Road with great views of the lake has sold for $1.495 million after being listed at $1.695 million by Monica Besecker of Keller Williams in Mooresville. The house, with a tax value of $1.378 million, was on the market for a little over eight months. It features masters on each level as well as an office with french doors, a butler’s pantry and a fitness room. The buyers of the house, located at 16607 Jetton, were represented by Terry Donahue of Carlyle Properties in Cornelius.

In Davidson

13350 Bally Bunion Way in Davidson has sold for $660,000

A​country-elegant 3,400 square foot stone ranch on the River Run golf course has sold for $​ 660,000 after being listed at $​690,000 ​by Sherry K. Hickman. The four-bedroom house​ has a stacked stone fireplace, tray ceilings, a Jacuzzi tub and an oversize shower in the master bedroom. It was on the market only 39 days—while​ the ​average DOM for River Run is 105.​ Joe Hartsell with Remax Executive 257 Pintail Run Lane in Moorseville has sold for $1.445 million was the buyer’s agent. According to Mecklenburg tax records, the house is after being listed at $1.5 million by with SubZero and Wolf appliances. The Ryan Miller of Allen Tate/Lake Nor- house, on 257 Pintail Run Lane off Old assessed at $568,000. man. The house has a 16-foot pocket Squaw off Canvasback, was completed In Mooresville door that opens to the covered porch, this year as a spec home. Lora Riddle A distinctive 4,000 square foot home lending lots of flexibility and drama to of Allen Tate in Concord represented with a hint of the Prairie School of ar- entertaining. Every bedroom has a wa- the buyers. All in all the house was on chitecture has sold for $1.445 million terview, while the kitchen is stocked the market three months.

: Many aspects of real estate law are State specific. North Carolina has a somewhat unique system that involves a real estate attorney searching and opining on the state of the property’s title to an independent title insurance company or agency. The title insurance company then issues the title insurance commitment or policy, while the real estate attorney conducts the closing, handling of funds, and recording of the documents. A few advantages of the North Carolina JACKSON approved attorney system are: 1. Cost – Involvement of an attorney in the process keeps the overall cost of the transaction down 2. Legal Representation – Attorneys are able to provide legal advice during the closing process 3. Oversight of Attorneys - Attorneys are closely regulated by the State Bar and General Statutes, and most carry malpractice insurance. 4. Oversight of Attorney Trust Accounts - Attorneys’ trust accounts are regulated by both the State Bar and the North Carolina Good Funds Settlement Act These are just a sample of the many benefits to closing your real estate transaction with an approved real estate attorney.

Contact Patrick M. Jackson President, Master Title Agency 8640 University Executive Park Dr., Charlotte

704-348-2866 www.mastertitleagency.com


Business Today

28 September 2017

Remodeling

from page 1

Instead of searching for a new home, structures, which will create new job homeowners are choosing to stay openings for construction and extracwhere they are and renovate, Hender- tion occupations, according to the Bureau of Labor Statistics. son said. Demand for home reno“With the economy doing vation is high in Charlotte, better, with more people Mooresville and Cornelius. employed, people seem to Waite said he is hearbe making more money, and ing from NARI company are deciding to stay in their members words like “pipehomes and do renovations,” line” and “backlog” when Henderson said. it comes to renovation and Both Henderson and construction projects, voWhite reported seeing incabulary that hasn’t been creases in the number of used in a few years. renovation jobs they have HENDERSON “We went several years seen over the past few without hearing about a years, a trend that is expected to draw more workers to the field, backlog of work, and scheduling issues,” Waite said. “Now the contractors according to national labor statistics. Employment construction is pro- are having to plan further in advance jected to grow 10 percent from 2014 to and manipulate their pipeline efficient2024, faster than the average for all oc- ly to maintain the service and expeccupations, increasing from 6.5 million tations they’ve grown accustomed to. jobs to 7.2 million jobs, according to They’re also able to be more selective the U.S. Department of Labor’s Bureau in the work they choose, rather than jump at every opportunity.” of Labor Statistics. This backlog is causing slow-downs. “We find that we get delays in our Overall growth in the economy and population will increase demand schedule because the labor force is so for new buildings, roads, and other short right now,” said Henderson.

After the economic downturn, many skilled laborers went to Texas or North Dakota, where the recession didn’t hit the construction industry so hard, or traveled back to their home countries, Henderson said. Some subcontractors went out of business while laborers found other jobs in other industries and haven’t returned, White said. White says he has a steady subcontractor base he has used for years but they are stretched. As a result of the labor shortage, White said he now considers each job carefully and is less likely to take on a smaller project. “It’s gotten pretty intense now,” White said. “You get calls on a pretty regular basis but you have to sort through and determine if they’re right to spend some time to even pursue.” The problem is exacerbated by the fact that there has not been a new generation of laborers entering the workforce, Waite said. The median age of construction workers is 41 with many specialized laborers even older, according to the

National Association of Homebuilders statistics. That’s why NARI works to develop the workforce by promoting skilled trades in schools, Waite said. Other costs associated with the renovation business have increased as well. The scarcity of skilled laborers has driven up their salaries and the increasing price of materials like lumber this year - a necessity for construction - also forces companies to pass the cost onto consumers, industry experts said. Today, the remodeling season lasts year-round with work being able to be completed inside although Henderson said spring is typically the time when “everyone comes out of the woodwork” and wants project quotes. The last three years, Henderson said, have been extremely busy. The most common project he sees are people purchasing a home and then deciding they want to do renovation work in their kitchens, bathrooms and bedrooms before moving in. The average cost of a remodeling project in the Charlotte market totals between $25,000-$30,000, Waite said.

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Business Today

Droves

September 2017

29

from page 1

Despite layoffs from local Fortune 500 companies like Lowe’s, there are still 4,500 middle market firms in North Carolina that have been attracted to the state’s cost of living, low taxes and vibrant cities, Riley said. And as more corporations and their employees flock to the state, especially the fast-growing metro-Charlotte area, they all need places to live. “People are coming in droves,” said Riley. Although luxury homes may be listed for sale for a longer period of time than mid-range homes, both markets are seeing positive signs of growth, said Abigail Jennings, president of Cornelius-based Lake Norman Realty Co. “Both markets are doing even better than last year, as we are seeing the inventory decrease in the $1 million-plus market and sales increasing,” she said. Through July 2017, 77 resale homes costing $1 million or more were sold in the Lake Norman area compared to 63 comparable homes sold during the same time period in 2016, according to statistics provided by the Charlotte Regional Realtor Association. These homes take longer to sell be-

cause there is a smaller pool of buyers. “The reality is if you have a home over $1 million, you’re fishing for 6 percent of the fish in the ocean and those are very persnickety fish,” said Riley. “They know what they want.” Lake Norman-area resale homes costing $1 million or more currently have a 12.2 month supply, lower than the July 2016 year to date’s supply of 16.4 months, said Jennings. In the new construction sector for Lake Norman homes priced at $1 million or more, there is an 11.4 month supply through July 2017 vs. a 13.5 month supply through this time in 2016, Jennings said. Through July 2017, six new construction homes costing $1 million or more were sold in the Lake Norman area compared to five comparable homes sold during the same time period in 2016. The number of combined resale and new construction homes for sale in the luxury category priced $1 million or higher totaled 203 through July 2016 compared to 228 during the same time period last year.

“Inventory is down 11 percent,” Jennings said. “That’s a lot.” Jennings said that decrease is due in part to a higher supply of new construction and builders wanting to sell those already built before building more. While the luxury home market represents a buyers market, the mid-range $250,000-$499,000 market is a seller’s market, Jennings said. In mid-range new construction through July 2017, there is a 6.7 month supply in Lake Norman area compared to a six-month supply during the same time period the previous year, according to data from the Charlotte Regional Realtor Association. A six-month supply is considered a balanced market. In resale for the $250,000-$499,000 market through July 2017, there is a smaller pool of a 4.1 month supply down from a five-month supply during the same time the previous year. “It’s really hot,” Jennings said. “Homes need to look their very best.” Through July 2017, 431 resale homes ranging from $250,000-$499,000 sold through the end of August 2017 com-

pared to 347 comparable homes sold during the same time last year, Jennings said. In new construction, 196 resale homes priced $250,000-$499,000 sold through the end of July 2016 compared to 124 comparable homes sold during the same time period last year, Jennings said. Riley said he doesn’t see the housing shortage ending for a few years due to Baby Boomers staying in their current homes and retiring later in life, millennials having children and requiring more space and new residents moving to the area. The shortage in construction labor— after the recession forced many out of the business—has also played a role in the slow-down of construction and projects, especially since there is a huge premium for new homes, Riley said. What will further determine the success of the market are mortgage rates, inventory levels and whether large corporations move to the area, said Terrie Fink, managing broker for Premiere Sotheby’s International Realty in Lake Norman.


Business Today

30 September 2017

Editor’s Notebook

Have a dream, but it is time to act BY DAVE YOCHUM Seeing the devastation in South Texas reminds me that we’re all people regardless of race, color or creed. Eight feet of water in your house will have you in over your head no matter who you are. In a disaster,there’s no doubt we’re all created equal. If only we were able to see that the rest of the time, this would be a better place for everyone. Know that economically speaking, Charlotte ranks dead last among 50 big American cities in terms of economic mobility. That means if you’re down at the bottom of the economic ladder, you and your kids are most likely going to remain there. Sorry, but I wasn’t surprised by what happened after the Keith Scott shooting one year ago this month. I was saddened, of course. I’ve always believed diversity and communication are the opposite of a closed-minded approach to life based on class and color. The Public Religion Research Institute, a non-partisan research institute that focuses on the intersection of religion, culture and public policy, says 75 percent of white Americans have an entirely white network of people with whom they discuss important matters. Only 15 percent report having a more racially mixed social network. T​ensions have been high around the country after the events in Charlottes-

ville, which saw a young woman lose her life. Less than a day later, the Confederate soldiers monument on Zion Avenue in Cornelius was defaced. It has since been cleaned.​ Meanwhile our attentions are focused on Texas where the stories of desperation k ​ now no color, but back at home they do.

The role of a publication in print or online, IMHO, is to shed light on not just current events, but underlying issues. To that end, Cornelius Today will host a Newsmakers Breakfast discussion titled “Post-Charlottesville: Where Do We Go From Here?” Sept. 6 at The Peninsula Club. There will be an informal give-andtake among our panelists as well as questions from the audience, in the traditional Newsmakers Breakfast format.

The speakers are: Chaz Beasley, an African-American who is serving his first term in the North Carolina House of Representatives. He represents District 92, which runs from Huntersville west of I-77 south to Charlotte. Woody Washam, the mayor pro tem of Cornelius who is running unopposed for mayor. He is a lifelong member of Mt. Zion United Methodist Church, as well as the organist for the past 50 years. John Wertheimer, Ph. D., a noted historian and professor at Davidson College. His most recent book is​ “​Law and Society in the South: A History of North Carolina Court Case​s.”​ With a “thank you” in advance 10News.com to the Rev. Joel Simpson, assistant pastor at Mt. Zion United Methodist Church in Cornelius, we will have sign-ups for small-group discussions this fall that will be organized around diversity. Doors open at 7:15 a.m. for networking. 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 cost to attend is $12.​ Reserve a seat at 704-895-1335 with Visa or MasterCard.

Book Review: The Rise and Fall of American Growth In the early 21st century, the pace of US innovation remains hectic in communications, entertainment and information technology. Yet economic output per person is declining as Americans age, and income inequality, educational limitations and US government debt plague the economy. Current slow rates of growth in US labor productivity and economic output can’t compare with the rapid advancements the country enjoyed from 1870

to 1970. Economics professor Robert J. Gordon describes this “special century” – when the electric light, the internal combustion engine, indoor students, professors and investors. plumbing and the telephone changed Robert J. Gordon. The Rise and Fall of virtually every aspect of daily life – in American Growth: The U.S. Standard of great color and detail, though he sets Living since the Civil War (The Princeton out to offer few policy prescriptions Economic History of the Western World). Princfor improving growth today. getAb- eton University Press, 2016. 784 pages. ISBN-13: stract recommends Gordon’s well- 9780691147727. getAbstract is the leading proresearched statistical gold mine as a vider of business book summaries, with thouvaluable economic history lesson for sands of titles covered. www.getabstract.com

Editor Dave Yochum nebiztoday@gmail.com Sales & Marketing Director Gail Williams gail.todaypubs@gmail.com Account Executives Rod Beard rod.todaypubs@gmail.com

Rose Schell-Wilson rose.todaypubs@gmail.com Production Director David Beard production.todaypubs@gmail.com Intern Marco Wertheimer Contributing Writers Erica Batten, Cheryl Kane, Dave Vieser, Cathryn Piccirillo Sherman, Kate Stevens Phone 704-895-1335 The entirety of this newspaper is copyrighted by Business Today, LLC 2016 with all rights reserved. Reproduction or use without permission of any content is prohibited. Business Today is an Equal Opportunity Employer. Business Today P.O. Box 2062 Cornelius, N.C. 28031 BACK ISSUES Payable by VISA & MASTERCARD ONLY. $1.50 (if available); $4 to mail FAXED ARTICLES - $5 per page PHOTOS - $100 REPRINTS - Reprints on high-quality , framable stock are available, starting at $65. NEWS AND CALENDAR ITEMS Business Today is a local business publication. If you have news items, they may be e-mailed to businesstodaync@gmail.com. Business Today is published on the first Friday of every month. SUBSCRIPTIONS May be purchased for $36. LETTERS TO THE EDITOR Do you have an opinion you’d like to share? We offer a forum for ideas, opinions and dissenting opinions. You can e-mail your thoughts to nebiztoday@gmail.com or mail to Business Today at P.O. Box 2062, Cornelius, N.C. 28031. Your letter, or a longer opinion piece, may be edited for brevity and/or clarity. Please include a phone number.

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13

Thank you

2017

Sponsors!

• Provide a full day of fun for kids in Big Brothers Big Sisters • Raise money for an efficiently run non-profit • Recruit mentors for children in BBBS

Rotary Club of North Mecklenburg

Bill & Ericka Cain

Nancy & Randy Cameron John Donoghue

COMMANDER: AlphaGraphics of Lake Norman • Charlotte Ear Eye Nose and Throat Associates - Dr. Michael Miltich • Dobi Financial Group • Jim and Carolyn Duke • Brian Harris and Scarlett Hays • Shelley Johnson and Craig LePage • Kiwanis Club Of Lake Norman • KS Audio Video - Ken Ziegler • Lake Norman Realty - Abigail Jennings • The McIntosh Law Firm • Park Avenue Properties/John & Shea Bradford • Payroll Plus • Rose & Associates - Kathleen Rose • Troy and Della Stafford • Jeff and Nancy Tarte • Dirk & Heidi Tischer • Brian and Tricia Sisson & Erica Erlenbach (The Range) • Stonewall Capital SKIPPERS: Chris and Sally Ashworth • Rod Beard • Law Firm of Bentz and Associates - Catherine Bentz • Denis Bilodeau • Blair and Margaret Boggs • Crafty Burg’r • Dixie Dean • Dressler’s Restaurant • Tom and Ann Dutton • Angela Higbea • Rusty Knox • Rhonda Lennon • Thurman Ross • Brent & Amy Sparks • Jennifer Stoops • Washam Properties - Woody & Sharon Washam MATES: Integrity Heating & Cooling • Freedom Boat Club • John and Nancy Aneralla • Chaz Beasley • Kathleen Byrnes • Martin and Bernadette Fox • Richard and Benjamin Knight • James Hicks FOOD & BEVERAGE VENDORS: Alton’s Kitchen and Cocktails, Big Bite’z Grill, Brickhouse Tavern/Port City Club, Brixx Wood Fired Pizza, Bruster’s Ice Cream, Coca-Cola, Dressler’s Restaurant, Herrin Brothers Ice, Mama’s Pizza Express, Tenders Fresh Food, The Harp and Crown

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Business Today - September 2017  
Business Today - September 2017  

September 2017 issue of Business Today

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