August 2018 Published monthly
YEARS Business Intelligence for the Golden Crescent: Lake Norman • Cabarrus • University City
NEWS INSIDE HOME PRICES
Volume 17, Number 5 $1.50
Business is booming in North Carolina
The Business of Beer
US Year Over Year Gain
• GAIN SINCE 2006 (INFLATION ADJUSTED)
2.6% • GAIN SINCE 2006 (INFLATION ADJUSTED)
PetScreening grows by leaps and bounds
BY DAVID FRIEDMAN Growing up in Summerville, S.C., N.C. Rep. John Bradford had an entrepreneurial spirit. He partnered with his cousin Howard on H&J Workshop in middle school, making country crafts, signs and bird houses. They could turn three or four bucks of supplies into $25 pieces for craft shows and flea markets. Though creating products and businesses has taken a back seat to his work as a state legislator the last several years, Bradford’s entrepreneurial mind is always in gear. He founded Park Avenue Properties
Source: S&P Corelogic Case-Schiller Indices
“The majority of aboveaverage price appreciation in the region is homes under $500,000” —Pat Riley, CEO Alan Tate Co.
NC Rep. John Bradford and Maggie
See PetScreening page 22
Newsmakers Breakfast Aug. 16 at The Peninsula Club Page 3
3661 Richwood Circle in Kannapolis for $1,600,000
See Wallethub page 10
RECORDS Transactions Cabarrus Mecklenburg Iredell Foreclosures Cabarrus
17 16 18 18
Mecklenburg Mooresville Corporations Cabarrus Mecklenburg Mooresville
18 18 19 19 19
PRSRT STD US POSTAGE PAID WINSTON-SALEM, NC PERMIT NO. 319
BY ERICA BATTEN North Carolina ranked 12th in WalletHub’s recent “2018 Best States to Start a Business” report. The study compared the 50 states across 25 key indicators of startup success to determine the most fertile ground in which to launch and grow a business. The indicators were grouped into three key dimensions: Business environment, access to resources and business costs. Lake Norman Economic Development Executive Director Ryan McDaniels said he thought the Tar Heel State would have received a higher ranking, especially given that Forbes had re-
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Lake Norman.....Destination for beer enthusiasts?
Business Today P.O. Box 2062 Cornelius, NC 28031
CLT Year Over Year Gain
2 August 2018
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WSIC Owner Mark Sanger
New FM station picks up where 100.7/1400 left off BY DAVE VIESER Bucking a national trend in radio broadcasting, WSIC in Statesville, which focuses on local programming, has turned on a brand new FM transmitter in Mooresville, which will give them a signal reaching Lake Norman and South Iredell area. The new signal is at 105.9 MHz on the FM dial and will give the station more impact on a local level. “Our population coverage with the old signal was 60,000 to 160,000, while the new signal adds to this and pushes us up to 295,000-693,000,” said owner Mark Sanger. “We plan to continue our News/Talk/Sports format with an emphasis on local events.” WSIC will continue to also transmit on AM at 1400, and FM at 100.7, but the coverage area for both is much smaller than 105.9. Sanger and his wife Kathy bought the station in 2006 for $525,000 from Clear Channel Broadcasting, which is now known as I-Heart Radio. It was the first time the station had been in local hands for many years.
Clear Channel absorbed hundreds of radio stations at the time, switching most of them to a lower cost model featuring syndicated programming and national news. Many of the stations Clear Channel owned dropped local news and programs altogether but Sanger would have none of that. “We are giving our local communities a place to voice their thoughts, ideas and opinions,” he said. The opportunity for Sanger to explore the new signal arose in 2014 when the FCC unveiled its AM Revitalization Program. It allowed existing AM stations to re-broadcast their programming on an additional FM frequency. In order to hold down the cost of expanding the FM signal, Sanger chose to place his station’s signal on an existing 400 foot tower located behind an automobile dealership on Hwy. 150 in Mooresville. Erecting a new tower would have been a far more expensive, although Sanger had a custom antenna fabricated and attached to the tower.
Auto. Home. Life. Business Products underwritten by Nationwide Mutual Company and Affiliated Companies, Columbus, Ohio. Subject to underwriting guidelines, review and approval. Nationwide and the Nationwide N and Eagle are service marks of Nationwide Insurance Company. © 2016 Nationwide NPO0194M1.2(01/15)
Source: NC Technology Association (NC TECH)
Panel discussion on Opioid Crisis is Aug. 16 at The Peninsula Club The nation’s Opioid Crisis will be front and center at an important Newsmakers Breakfast Aug. 16 at The Peninsula Club. Speakers include the Cornelius chief of police, the medical director of the Novant Health Huntersville Medical Center emergency department and the mother of a victim of the nationwide opioid epidemic. It is a national Bence Hoyle problem with business implications beyond the strain on local hospitals and emergency responders. Economic developers report that the inability to pass a drug test has become a major barrier to filling positions. Two manufacturers in Indiana say Dr. Jason that 50 percent or Mutch more of their job applicants either fail the drug test or withdraw their application when they discover drug testing is a condition of employment. And the Altarum Institute, a nonprofit health system research and consulting organization, says the cost of the country’s opioid crisis is estimated to have exceeded $1 trillion from 2001
to 2017, and is projected to cost an additional $500 billion by 2020. The costs of the opioid crisis are borne by individuals in the form of lost wages; the private sector in lost productivity and health care costs; and federal, state and local governments in lost tax revenue and additional spending on health care, social services, education and criminal justice. The speakers July 16 are Cornelius Chief of Police Bence Hoyle; Dr. Jason Mutch, medical director of the Novant Health Huntersville Medical Center emergency department; and Debbie Dalton, co-founder of the Hunter Dalton HD Life Foundation. The Daltons lost Debbie Dalton their son Hunter to an accidental overdose in 2016. The Presenting Sponsor of Business Today’s Newsmakers Breakfast, an open-forum Q&A, is Cornelius-based Aquesta Financial. The Coffee Sponsors are Carolina Trust Bank, Davidson Wealth Management and Raymer Kepner Funeral Home. Doors open at 7:15 a.m. for networking. The country breakfast buffet gets under way at 7:30 a.m. The Q&A begins at 8 a.m. and concludes promptly at 9 a.m. The cost to attend, $12. Reserve a seat at 704-895-1335 with Visa or MasterCard.
With gratitude to our clients who made our recognition possible.
• 2018 Barron’s Top Advisor Rankings: North Carolina, 12th.* • 2018 Forbes Best-in-State Wealth Advisor Ranking, 6th North Carolina.*
Advisors recognized on these lists typically are the founders of a practice who have remained steadfast and client focused during industry turbulence, mergers, and financial crises. They are passionate about what they do, would do it under any name, and undeservingly, get the credit that their teammates deserve. The rankings are based on data provided by thousands of advisors. Factors included in the rankings were assets under management, revenue produced for the firm, regulatory record, quality of practice and philanthropic work. Investment performance isn't an explicit component
Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC, Member SIPC
SNAP Fitness of Davidson Joe Vagnone, Charlotte Area Managing Director with ENLIGN Business Brokers & Advisors, has facilitated the sale of SNAP FITNESS of Davidson, NC to Richard Graziadei, the buyer.
"Joe is the real deal for small business"
LKN Chamber golf event is Aug. 23 The Lake Norman Chamber of Commerce Annual Captain’s Choice Golf Tournament will be held Thursday, Aug. 23 at the Mooresville Golf Club. Check-in begins at 11 am, with a shotgun start at 1 pm. Single players are
$125; a foursome is $500. Prices includes green fees, cart, driving range, shirt, lunch, dinner and drinks. Register at LakeNormanChamber.org or call 704-892-1922 for registration. Sponsorships are available.
Small Business Broker & Adviser
4 August 2018
Fitness franchise beefs up local presence
John Mills earns top designation in the tourism industry John Mills, executive vice president of the Cabarrus County Convention and Visitors Bureau, has earned the designation of Certified Destination Management Executive, the only integrated executive program specifically designed for the destination marketing industry and is the tourism industryâ€™s highest individual educational achievement.
Cornelius resident Todd Armstrong, a former president of the Lake Norman Tennis Association, has opened Fitness Machine Technicians. The franchise specializes in the maintenance and repair of exercise equipment for gyms.
Travis reappointed to NC Turnpike Board
Bob Branch heads up Aquesta loan production office in Raleigh Aquesta Bank has hired Bob Branch as its Raleigh market president. Aquesta entered the market in January of 2018 with the hiring of commercial relationship banker Cynthia Nation.
Former Mayor Chuck Travis Former Cornelius Mayor Chuck Travis has been re-confirmed as a member of the NC Turnpike Authority Board of Directors. The Charlotte architect served as the mayor of Cornelius following two terms as a Town Commissioner.
To book, call 704-455-1200 or email Matt.Zvanut@jqh.com and visit www.rockyrivergolf.com today!
6 August 2018
‘Top Women’ Champagne Reception & Expo Oct. 17
The 2018 Top Women Champagne Reception will be Oct. 17 at River Run Country Club in Davidson. The event, hosted by Business Today for 14 years, includes a mini-business expo with a grand piano in a reception area outside the ballroom. Karen Bentley, former Mecklenburg County Commissioner as well as a member of the Board of Education, will address the women. Her conversation is called “Courage to Follow Your Passion.” She is the Class of 2005 Joni Davis, District Manager Duke Energy Carol Lovin, Vice President,Carolinas Medical Center-NorthEast Robin Smith, Marketing Director Lake Norman Chrysler Jeep-Dodge Cyndie Mynatt, President,Ben Mynatt Pontiac-Buick-GMC Kate Gaither, Owner/Broker,Newport Properties Mooresville Mary Hopper, Executive Director, University City Partners Lynne Scott Safrit, President,Atlantic American Properties Pat Horton, CEO Cabarrus Bank & Trust Abigail Jennings, President,Lake Norman Realty Diane Honeycutt, Team Leader, Team Honeycutt Allen Tate Realtors Melanie O’Connell Underwood, Economic Development Consultant Class of 2006 Sally Ashworth, Executive Director, Visit Lake Norman Alaine Hines Bollinger, Senior VicePresident, BD&H Advertising Catherine M. Bentz, President,Bentz & Associates PA Dari Caldwell, PresidentRowan Regional Medical Center Ginger Griffin, Owner and Principal, Ginger Griffin Marketing and Design Carol Lesley, Branch Manager,Retired, Allen Tate Co. Barbara McCall, CPA President, Ladd, McCall and Assoc. Karen Shore, Executive Director, Mooresville /South Iredell Chamber of Commerce Barbara Walker, President,BJW Architecture Inc. Vickie Weant, Exec.Director,(retired) Concord Downtown Development Class of 2007 Marilyn Celenza, Owner, Good Clean Fun LLC Susan A. Medlin, Chief CreativeOfficer & Founder, Vintage Marketing Sherre DeMao, Founder / Chief Marketeer, SLD Unlimited Marketing/PR Inc. Kelley Earnhardt Elledge, VP, JR Motorsports Huyla I .Jackson, CEO, Southern Select Community Credit Union
founder and president of Bentley Consulting Group. The event honors women leaders from the worlds of business, community service, education and politics in Lake Norman and Cabarrus County. The awards have a tradition of recognizing career achievement, community service and positive impact on others. Top Women winners exemplify the contributions women have made to business and the community.
The Presenting Sponsor is Duke Energy. The Platinum sponsor is Novant Health and Lake Norman Chrysler Jeep Dodge. Silver sponsors include Potter & Co. accountants, Rose & Associates and Uwharrie Bank. The Champagne Sponsor is Aquesta Bank. Prior winners include: Cabarrus County Commissioner Diane Honeycutt; Uwharrie Bank market president Pat Horton; Cornelius-based Champion Tire executive Shelley
13 Years of Top Women: 2005 - 2017 Fran Boling, Owner, AlphaGraphics DeSales Wagster, VP of Strategic Alliances, Speedway Motorsports Inc. Class of 2008 Celia Bensman, Owner,Camp Wagging Tails Gayle Deal,Ex. Director of Bus. & Comm. Relations CMC-NorthEast Lori J.Dvorak, Owner/BusinessSuccess Coach, InVision 4 Inc. Dakeita Vanderburg Johnson,VP, Southgate Masonry and Lumber Co. Karen Lawrence, Event Producer, It’s My Affair Jennifer B.Pippin, Owner,Pippin Home Designs Class of 2009 Barbara Green, owner, Sensibly Chic Cheryl Kane, Business Consultant,UNCCharlotte lecturer Suzanne Meyer, The Welcome Committee, Mooresville Noelle Rhodes Scott,Cabarrus Arts Council, Concord Class of 2010 Donna Carpenter, Cabarrus County CVB Lori Eberly, Comfort Keepers Katrina King, Novant Health Shelley Mahl, Champion Tire Kathleen Rose, Rose & Associates SE Carol Spalding, RCCC Class of 2011 Jean Wright, MD, Vice President and CMO CMC-Northeast and CMC-University Rhonda Lazenby, Owner BK Professional Counseling Center Julia Austin, Owner Fifi’s Fine Resale, Cornelius Class of 2012 Raegan Brogdon – Owner Solace Salon and Spa Concord Erika Erlenbach – McIntosh Law Firm Davidson Karen Bentley – Presbyterian Novant Huntersville Tricia Sisson – co-owner The Range at Lake Norman Cornelius Angela Swett, owner Image Promotions
Cornelius Kristel Swayze, Owner KS Image Solutions Concord Cheri Thebeau – Thebeau and Associates Law Cornelius Jennifer Stoops – Park Avenue Properties Cornelius Kelley Daspit – Iredell Health System Statesville Kristin Rodgers – Owner Dough Girls Catering Katherine Propst – Cabarrus County Schools Concord Class of 2013 Wendy Moran, Peoples Bank Denver Hilary Broadway, Allen Tate Realty Mooresville Diane Young, Concord Downtown Development Tammy Whaley, Duke Energy Concord Tonya Blackmon, Novant Presbyterian Huntersville Tracie Brunt, S&D Coffee Concord Deborah Young, Deborah Young Studio Class of 2014 Ruth Brooks, Multi Cultural Community Student Union, Concord Holly Emerson, Ingersoll Rand, Davidson Denise Hallett, Vulcan Materials Company, Concord Judge Donna Johnson, Cabarrua County District Court Georgia Krueger, Ada Jenkins Center, Davidson Lisa Perry, Perry Productions, Concord Dianne Snyder, Cabarrus College f Health Sciences Phyllis Wingate, Carolinas Medical Center, Concord Carla Howell, Rowan-Cabarrus Community College Class of 2015 Jan Beatty, Wells Fargo Concord Sheri Bistreich, Sheri Bistreich and Associates Statesville Angie Brown, Great Wolf Lodge Concord Julianne Colvin, Crawford and Colvin Huntersville April Cook, Lake Norman Community Health Clinic Huntersville
Apply online at www.businesstodaync.com
Mahl; events entrepreneur Karen Lawrence; Robin Salzman, co-owner of Lake Norman Chrysler Jeep Dodge; Sally Ashworth, executive director of Visit Lake Norman; Ginger Griffin, owner of Ginger Griffin Marketing & Design; and Laura Engel, marketing director at Aquesta Financial. Applications may be submitted online at www.businesstodaync. com. The essay question this year is simple: Define Success. Pamela Dubois, County Manager Cabarrus County Concord Margi Kyle, Designing Doctor, and Little Smiles NC Founder, Cornelius Colleen Lloyd-Roberts, Brandgarden Mobile Solutions, Mooresville Lauren Moore-Fischer, Inspiration for Aspirations Mooresville Jennifer Parsley, AIM Tours, City of Concord Council member, Concord Michelle Riley, Aquesta Bank Concord Susan Tillis, Community leader, former Sales Manager Allen Tate Cornelius Sandi Vizner, Lapis Financial Strategies Huntersville Class of 2016 Arlene Berkman, Foundation for Respectability Barbi Jones, Cabarrus Regional Chamber Carol Roth, National MS Society Cindy Michael, A+ Network Deborah Young, Deborah Young Studio Donna Moffett, Donna Moffett Accountants Jennifer T. Szakaly, Caregiving Corner Karen Tovar, The Tovar Group, LLC Katie Page, Habitat for Humanity Cabarrus County Kelly Hawkins, Main Street Management Group Lauren Kimsey , Aquesta Bank Lisa (Natalie) Mayhew, Community Volunteer Marcia Webster, Davidson Housing Coalition Mary Margaret Flynn, CVAN Nettie Reeves, N Shape Within Class of 2017 Cheryl Pletcher, Carolina Comfort Coalition at Serenity House Connie Rheineker, BBBS Central Carolinas Dr. Jennifer Lidstrom, Lakeside Chiropractic Jessica Castrodale, Carolinas Health Care Kelly Waugh, Lucky Dog Bark and Brew Laura Engel, Aquesta Bank Lori Savio, Ambiance Interiors/Shoppes at Home Heart Soul Margaret Dabbs , Allen Tate Concord Team Honeycutt Mel Miller, Amerprise Financial Robin Byrd, Lake Norman Lucky Cat Shelia Brumlow, Ohanakey Company Stephanie Wetzel, Capital Bank
August 2018 7
8 August 2018
Lake Norman a hub for beer enthusiasts BY ERICA BATTEN Five years ago, it would have been hard to imagine Lake Norman as a destination for beer enthusiasts. Craft brewing was not one of the target areas for growth, said Ryan McDaniels, CEO of Lake Norman Economic Development. But times have changed, and not just locally. “It’s not like it was,” said Andrew Durstewitz, one of the founders of D9 Brewery in Cornelius. “People are now introducing beer in more of a European way. People are grabbing a beer on the way. They’re in the park.” Tim Kent, executive director of the N.C. Beer and Wine Wholesalers Association, said North Carolina has more breweries and brewpubs than any other Southern state. The number of breweries statewide has increased from 45 to more than 200 since 2010. “North Carolina consumers have witnessed an unparalleled level of consumer choice and entrepreneurial opportunity in North Carolina’s beer and wine industry,” Kent said. NC Sen. Jeff Tarte called the craft brew industry “massively critical.” Right now, the vast majority—96 percent—of beer consumed here is produced outside the state. A shift toward smaller, local breweries would change the economic outlook in many areas. “If you’re looking to revitalize a town, craft brewers is the No. 1 thing you can do,” Tarte said. Breweries create jobs and increase the tax base. McDaniels said craft brewers infuse the state’s economy with more than $1 billion annually, and not just through beer sales. The industry also attracts tourism. “If you look at our POS system on a weekend, 50 percent of those dollars are not from Lake Norman,” said Durstewitz. “They’re not even from Charlotte.” Ray Hutchinson, brewmaster at Eleven Lakes Brewery, agreed. “We have customers that come in that say, ‘We normally go to Charlotte. But now we come here.’” Like the Yadkin Valley wineries and Asheville breweries, Lake Norman’s beer producers could develop a critical mass—McDaniels compared it to the Disney World model—that would attract tourists. Already, third-party
Andrew Durstewitz event coordinators like the Charlotte Special Events Group have begun offering beer and distillery tours in Lake Norman, Charlotte and Concord. “I think that in five years, if we have two or three other breweries up here, we can become a destination,” said Hutchinson. Durstewitz hopes local leaders will support this growth by relaxing zoning regulations and helping breweries find suitable space. That support certainly influences the choice of where breweries will locate. “I love Huntersville; that’s where I live and that’s my home,” said Hutchinson, who is also a high school teacher. “At the time we were looking [to open a brewery], it was easier to work with Cornelius.” Hutchinson also cited traffic and accessibility as factors in their decision on where to locate. “Cornelius was hungry,” said Durstewitz, who lives in Davidson. “We leaned that way because we were looking for partners. We didn’t know what we were doing; we were two engineers and a doctor that brewed beer together.” D9 opened its first production facility in 2014, turning out 40 barrels of beer a month. Now, it’s the fourthlargest brewery in the Charlotte area, producing 1,000 barrels a month. With
60 employees—twice as many as last year—D9 is set to start construction on a second facility within the next few months. But when they started, D9 had a lot to learn. For example, Durstewitz didn’t know that breweries in North Carolina are not permitted near a school or church. He and his partners needed help navigating the legal landscape, as do other startups. “Anybody in the brewing industry did not come from the brewing industry,” Durstewitz said. He envisions towns that create an incubator-like environment for new breweries as being most successful. He also wants towns to allow public land to be used more freely for beer events. Huntersville Mayor John Anarella said the town has loosened regula-
Ray Hutchinson, Teri Lippy, Jack Lippy
tions to allow brewing in more areas. And when Olde Mecklenburg Brewery was looking to convert the old Curtis Screw/MacLean Curtis facility in Cornelius to a brewery, Lake Norman Economic Development helped to make the space compatible with sanitation requirements, McDaniels said. OMB is working with Spencer Architect to finalize the design of its 51,000 square-foot facility on Zion Avenue. Construction is expected to start early next year with a grand opening by the end of 2019. In addition to the $3 million OMB has already spent on the property, Charlotte’s largest craft brewer expects to spend $8 and $10 million on this location, which will feature a full restaurant and beer garden plus event space. OMB’s expansion is expected to add 100 jobs to the Cornelius market. The Alcoholic Beverage Control Commission, though, is focused on rules and enforcement. “A lot of the regulations they’re facing are not at the local level; they are at the state level,” said McDaniels. The ABC’s three-tier system for alcohol distribution requires that, beyond an annual cap of 25,000 barrels, brewers sell their product to wholesalers, who then sell to retailers. And while this law may not directly affect small breweries like Eleven Lakes, which currently produces only 350 barrels per year, larger breweries like OMB and Greensboro-based Red Oak are already feeling the squeeze. OMB and Charlotte’s NoDa Brewing Company have filed a constitutional challenge to the cap. According to Tim Kent, the state’s regulatory environment has enabled growth. And growing breweries don’t necessarily want complete deregulation. After talking with producers at Colorado-based New Belgium, which also has a brewery in Asheville, D9’s Durstewitz hopes regulators will proceed with caution. When self-distribution is not regulated, large national and international brewers can crowd out midsized producers. “Having an ability to self-distribute is critical, but I would also say that having that cap is also critical,” Durstewitz said.
10 August 2018 wallethub from page 1
NEWSMAKERS b r e a k f a s t
The Opioid Crisis Thursday, August 16
Cornelius Chief of Police
Dr. Jason Mutch
Medical Director, Novant Health Huntersville
Founder, The Hunter Dalton Foundation
The Peninsula Club 19101 Peninsula Club Dr. $12 Includes Breakfast 7:30 am - 9:00 am Presenting Sponsor:
cently ranked North Carolina as the best state for business. “The factors [of the WalletHub study] seemed reasonable,” said McDaniels. “But it is difficult to compare factors that impact all startups. For instance, labor costs may not impact a startup until the company grows enough to need staff.” The WalletHub study used average length of the work week, average growth in the number of small businesses, growth of business revenues, industry variety and five-year business survival rate to assess states’ business environments. Access to resources was evaluated through a combination of total annual value of small business loans, venture investment per capita, unemployment rate, higher education assets, the share of population with a college de-
region’s assets. “Our community is appealing for talented business leaders who are attracted by the small town charm with easy access to urban amenities and a world-class airport,” McDaniels said of the Lake Norman region. He also said that Cornelius, Davidson and Huntersville have adjusted “numerous regulations,” including signage standards and location restrictions, in order to facilitate business. WalletHub evaluated business costs by the availability of office space, labor costs, employee insurance premiums, corporate taxes, cost of living and incentive spending. But local and state governments must be cautious about offering incentives, said Al Danto, a lecturer at Rice University who was also consulted in the WalletHub study. “Authorities must develop a clear strategy for understanding what types
290 businesses sold in Charlotte April-June • Median asking price of businesses for sale in Charlotte in Q2 of 2018 was $290,000 compared to $295,000 at the halfway mark of 2017. • Businesses listed in Charlotte had a median revenue of $537,649 down from $538,534 at the same time last year. • Median cash flow for Charlotte businesses was $111,417 vs. the median cash flow of $110,000 last quarter. Source: BizBuySell.com
gree, and the share of the population of working age, 16-64. The study did not appear to consider natural resources, transportation and other infrastructure resources. “We have natural assets that most communities would only dream of,” said Robert Carney, executive director of Cabarrus Economic Development, the economic development agency for Cabarrus County and its five municipalities including Concord, Kannapolis, Harrisburg, Midland and Mount Pleasant. “We’re attractive to businesses that want both urban and rural lifestyle options,” Carney said. He also cited quality school systems, a large high-quality workforce and low taxes among the
of businesses are the right fit [for the region] and in turn build an ecosystem that will attract these businesses. Incentives, tax cuts and other concessions must be used in the context of an overall long-term strategy,” Danto said. Russ Rogerson, executive director of the merged Iredell County/Mooreville economic development organization, said that incentives are necessary for attracting businesses. “We should strike a balance of investment, incentives and jobs,” he said. Peter Lorenzi, professor of management at Loyola University’s Sellinger School of Business, said incentives such as targeted tax breaks are often continued on page 11
Blueharbor reports gain in net income Second quarter net income at blueharbor bank rose 58 percent compared to $423,851 earned for the second quarter of 2017. For the six-months ended June 30, 2018, the bank reported net income of $1,225,905, an increase of 58 percent compared to $777,757 for the six-months ended June 30, 2017. Jim Marshall, CEO, said return on assets year-to-date of 1.21 percent is up 40 percent over the prior year. Return on equity rose 49 percent to 9.68 percent. “We continue to keep an eye on expenses as evidenced by our year-to-date efficiency ratio
of 60.2 percent,” he said. Credit quality at the Mooresville-based bank remains “very solid” and capital levels are above regulatory guidelines for well-capitalized banks. The bank will open a new main office late in the third quarter. “Our temporary home for our first 10.5 years has served us well but it is time to say thank you very much,” he said. The $206.1 million (assets) bank has operated from manufactured units off Williamson Road since its inception. It has additional branches in Huntersville, Statesville and downtown Mooresville.
Margaret Keith Dabbs
Ranked #242 out of 1.4 million Realtors
Blueharbor bank is building a 30,000 square foot headquarters on its property at 106 Corporate Park Drive in Mooresville. It will replace the existing ‘temporary’ facility on the same parcel. The bank will occupy the ﬁrst ﬂoor and rent out the other two ﬂoors. The general contractor is G.L. Wilson and should ﬁnish up this fall
The 23,000 square foot building, formerly part of the old Davidson Cotton Mill, is now home to open meeting areas, 15 office spaces, a virtual reality lab, and other collaborative spaces where business ideas can take root. Incubators, along with most resources, are tied to location, and economic development efforts are naturally focused on their respective regions. When businesses fail, poor location is often cited as a major factor. But wealth and business opportunities are less anchored to geography than they have ever been, said Lorenzi. This shift suggests that forward-thinking regions will continue to think holistically about creating environments that are attractive to people, not just businesses. McDaniels agrees. “All three towns [in the Lake Norman region] desire to have continued job and investment growth, and allow local residents to work, live and play in our community,” he said.
WHAT A DIFFERENCE AN APP MAKES
continued from page 10
“arbitrary and excessive, tailored to new businesses and often disrespectful of current businesses. Broad, across the board enhancements of tax and regulatory conditions are a better idea,” he said. Carney said Cabarrus Economic Development interprets global market conditions for the local community. “That strategy changes as market conditions change and the community changes,” he said. Even with strategic economic development and inherent assets, local regions face challenges. Having siteready product, utilities and workforce are ongoing challenges in the Cabarrus region, Carney said. In Lake Norman, space is an ongoing challenge to new business. However, McDaniels said, the Jay Hurt Hub for Innovation and Entrepreneurship at Davidson College, commonly called Hurt Hub @ Davidson, is an example of how the community can provide space to support entrepreneurship.
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14 August 2018
It’s time to plan your 4th QUARTER RESET Generally our electronics work well for long periods of time. We receive notices to update the software or run tests to assure their Sales Coach efficiency is beCHERYL KANE ing achieved; sometimes we follow those instructions and sometimes we ignore them. But if we ignore prudent recommendations too long our operational system stops working well—and sometimes it stops functioning all together.
Review your calendar for the year so far.
Recall the more turbulent issues you and your team have faced, but don’t rely on just your own memory. List the root causes. Memorialize the lessons you learned.
3. Methodically, in a quiet, undistracted environment, review each of your sales team members’ efforts year to date. Draw on your impressions of Your sales team may reflect some how effective you think they of these same phenomena. have been and recall conversations with them when you When managing an industrious were really listening to their group of sales professionals you reperspective. ceive information all the time in short texts and brief conversations; you make a mental note to check it out or remember to bring this up at the next sales meeting, but it slips through the cracks of busy days and full agendas. August is a good time to reset sales goals, practices, and direction for a strong fourth-quarter finish. Here are some tips:
Accumulate relevant data from known, recorded sales outcomes year to date.
How do your impressions compare with their actual results—you might be surprised! What is it they’ve told you they need more resources for? How satisfied are they with their sales, and your management, to date? If you could change one thing about how they sell, what would it be? What is it they do so well you’d like to have them train others to mimic?
4. Identify closed, in-process, 8. and lost sales collectively, and per sales professional.
Get your team together to reflect on and reinvigorate their sales efforts.
Acknowledge successful endeavors and get the sales professionals to tell their best individual stories, uninterrupted. This allows everyone to quietly evaluate their approach compared to others’ way of pursuing sales. Delve into the failed efforts in particular. Collectively dissect transactions at every step and identify cues in the process that could be used in the future to adjust processes or tactics, or cease efforts earlier and put energies into new opportunities.
6. Thoughtfully listen to your sales professionals’ interactions. Do they seem to collaborate well? When you specifically ask, do they tell you what they need from you?
Document your findings, and your action items, from your re-set session.
Re-prioritize sales goals for the last quarter.
Re-energize your sales team with encouragement, making sure they have the resources they need.
Re-commit yourself to your sales team. Make sure your efforts are in their best interest. Be the best support you can be to them. Often the fall season feels sluggish or slower with regards to annual goals—and sales effectiveness can be impacted. As you and your sales team start out fresh from a ‘reset’ session, instead of slowing down as we evolve into the fall season everyone should have a fresh, clear view of how to finish the year up with efficient, robust sales. Cheryl Kane, MBA, PHR, GPHR, SHRM-SCP, is a strategic business consultant, sales trainer, & professional speaker specializing in strategic planning and service quality. If you seek assistance in growing your business, need a business speaker, or have a topic you would like to see in this column, Cheryl welcomes your communication at email: CherylKane@cherylkane.net.
Lake Norman Coin Shop We buy U.S. Coins and Currency
Buy - Sell - Appraisals 19905 W. Catawba Suite 106 Cornelius, NC 28031
Aquesta net rises during 2nd quarter
Aquesta Bank Headquarters Aquesta Financial Holdings secondquarter net income was $2.031 million this year compared to $482,000 during the second quarter of 2017. This year’s results include a one-time after-tax gain of $1.7 million on the sale of Aqusta Insurance. There were also one-time transaction costs which reduced earnings by $292,000. Normalized earnings were $622,000, a 29.0 percent increase over the same quarter last year. Jim Engel, CEO and president, said earnings growth of $381,000 was remarkable in light of a new core operating system and selling the insurance agency. Loans grew at a rate of 20.2 percent annualized for the year. “In essence, we didn’t miss a beat in running the core business while taking on these two significant one-time projects,” Engel said. At June 30, Aquesta’s total assets were $440.1 million compared to $408.6 million at year-end 2017. Total loans were $336.1 million on June 30, compared to $305.3 million Dec. 31, 2017. Aquesta had $791,000 in non-performing loans as of June 30, compared to $27,000 in non accrual loans at the end of last year. The increase for the second quarter of this year was due to one loan.
Key Highlights • Loan growth of $11.5 million in the second quarter of 2018 (annualized 14.2 percent). • Core deposit growth of $10.9 million in the second quarter of 2018 (annualized 17.5 percent). • Tangible book value increased by $1.14 per share or 16.6 percent since December 2017.
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16 August 2018
On T he Record
THIS MONTH TRANSACTIONS……………...16-18 FORECLOSURES……………...…..18 NEW CORPORATIONS………........19
REAL ESTATE TRANSACTIONS August 2018 - Business Today: These recent property transactions in Cornelius. Davidson and Huntersville were recorded by the Mecklenburg County Register of Deeds.
Mecklenburg County 6/27/18 $293,500 Ken & Lisa Kroemer to Timothy & Kristyn Boland, 13911 Holly Stream Dr., Huntersville 6/27/18 $350,000 Ann Marie Woolfrey to Robert Pennington & Rebecca Lindsay, 20807 Rio Oro Dr., Cornelius 6/27/18 $660,500 Michael & Lori Austin to Greg Stanley, 18409 Dunblane Ct., Cornelius 6/28/18 $629,000 James & Kristine Strodel to Vanessa & Randall Richardson, 19721 Hagen Knoll Dr., Davidson 6/28/18 $499,000 Taylor Morrison of Carolinas to Daniel Bain & Brogyn Mullinix, 9016 Borealis Way, Huntersville 6/28/18 $715,000 John & Stacey Fregosi to Jessica & Jennifer Kane, 19409 Laurel Glen Ave., Cornelius 6/28/18 $293,000 John & Gay Muir to Krzysztof & Ellie Kwasniewicz, 17632 Invermere Ave., Huntersville 6/28/18 $597,000 Elizabeth & Raphael Bozzini Jr. to Jeffry & Carolyn Mullins, 15921 Robbins Green Dr., Cornelius 6/28/18 $680,500 Carolina Cottage Homes to Joshua & Kaitlin Krogh, 478 Beaty St., Davidson 6/28/18 $357,000 Michael & Amy Shaw to Bren & Jodi Bergquist, 14512 Harvington Dr., Huntersville 6/28/18 $555,000 Jason & Jennifer Stallings to Tara Hartman-Gud, 327 O’Henry Ave., Davidson 6/28/18 $865,500 Brian & Jeannette Tye to James & Janet Duncan, 19208 Peninsula Shores, Cornelius 6/28/18 $366,000 Katherine Barger to Jean Spangler, 158 Harper Lee St., Davidson 6/28/18 $1,010,500 ES Johnson Builders to John Coates & Bradley Faucette, 18850 Flat Shoals Dr., Cornelius 6/28/18 $305,000 Edward Harrell & Dale Pierde to Daniel & Maryann Ennis, 15514 Waterfront Dr., Huntersville 6/28/18 $418,000 Janet Leising & Brenda Kay Atkins to Alisa La Liberte, 2015 Bishops Ct., Cornelius
6/28/18 $325,000 Susan Johnson to Philip Osterhus, 17001 Carlton Way Rd., Huntersville 6/28/18 $282,000 William & Sara Piner to Melissa Stone & Gordon Smith, 13713 Bateman Rd., Huntersville 6/29/18 $468,000 Taylor Morrison of Carolinas to Timothy Moore & Lisa Casper, 9803 Quercus Ln., Huntersville 6/29/18 $375,000 Patrick & Rachel McNamara to Cody & Amanda Rachau, 16717 Hugh Torrance Pkwy., Huntersville 6/29/18 $383,000 Paul & Nancy Anderson to Tommy & Sara Cox, 15312 Barnsbury Dr., Huntersville 6/29/18 $1,100,000 Joseph & Margaret Collea to Rolf & Holly Paper, 17528 Sail View Dr., Cornelius 6/29/18 $367,000 South Creek Homes to Bruce & Joyce Mehlman, 11619 Meetinghouse Dr., Cornelius 6/29/18 $320,000 Cynthia Jordan & John Sutton to David Hultz, 16116 Spruell St., Huntersville 6/29/18 $517,500 Daniel Smith & Susan Bernstein to Sharon Cunningham-Thompson, 22039 Lady Glencairn Ct., Cornelius 6/29/18 $266,000 Jason & Amy Andrade to Zhaina Myrzakhanova, 7437 Monbrison Cir., Cornelius 6/29/18 $419,500 Epcon Huntersville to Barbara & Anthony Scaturro Sr., 8113 Parknoll Dr., Huntersville 6/29/18 $300,00 Wynfield LLC to Ian Rheannon Rogers, 14100 Wynfield Creek Pkwy., Huntersville 6/29/18 $544,000 Epcon Nantz Road LLC to Thomas & Patricia Lackey, 17225 Courtside Landing, Cornelius 6/29/18 $515,000 Davidson Boys LLC to Jason & Kathy Fickes, 20340 Cathedral Oaks Dr., Cornelius 6/29/18 $346,000 Gerard Donnelly to Barry & Megan Childress, 8825 Glade Ct., Huntersville 6/29/18 $288,000 Timothy Moore to Bradley & Kelly Dix, 17126 Grand Central Way, Cornelius 6/29/18 $490,000 Gerald & Sherry Vincent to Jessica & Michael Shaffer Jr., 10830 Brandie Meadow Ln., Huntersville 6/29/18 $300,000 Geraldine & Robert Riker to Andrea & Vernell Napper Jr., 13422 Centennial Commons Pkwy., Huntersville 6/29/18 $340,000 Kevin Devore & Anne Marie De Angelis to Opendoor Property W5, 10713 Drake Hill Dr., Huntersville 6/29/18 $445,000 Phillip & Rugh Lamantia to David & Kelly Talbott, 11628 Bradford Park Dr., Davidson 6/29/18 $404,000 Epcon Nantz Road LLC to Linda & Jonathan Trask, 16204 Lakeside Loop Ln., Cornelius 6/29/18 $486,000 Epcon Nantz Road LLC to Elaine & Elliott Cuff Sr., 15008 Courtside Cove Ln., Cornelius 6/29/18 $320,000 Daniel Prober & Nancy Greene to George Meszaros & Amy Smith, 8834 Oakham St., Huntersville 6/29/18 $268,000 Thomas & Jennifer Lauda to Hattie Sauders & Renee Hayes, 7422 Still-
brook Bend Ct., Huntersville 7/2/18 $340,500 Ashley & Justin Winge to Mesa Verde Assets, 12511 Surreykirt Ln., Huntersville 7/2/18 $567,500 George & Jennifer Ingraham to Daniel & Hilary Hurley, 110 O’Henry Ave., Davidson 7/2/18 $443,000 Betty Garcia, Kimberly & Scott Clark to Jon & Donnelle Graham, 17715 Sedona Way, Cornelius 7/2/18 $594,000 Edward & Jilinda Conway to Michael DeVoney & Seanna Fisher, 105 N. Downing St., Davidson 7/2/18 $575,000 Steven & Lauren Sloan to Mark & Diane Bernice, 17009 Piermont St., Davidson 7/2/18 $314,000 Robert Turczany to Donna Bergeron, 17739 North Shore Cir., Cornelius 7/2/18 $309,000 William & Courtney Lamb to Ryan Mulligan & Holly Hamilton, 12910 Heath Grove Dr., Huntersville 7/2/18 $389,000 Guanbei Li & Yun Zhou to Chris & Maria Isemann, 15338 Aberfeld Rd. Huntersville 7/2/18 $336,000 Robert & Laurie Burlington to Ulrich & Jennifer Tombuelt, 15534 Safefield Dr., Huntersville 7/2/18 $430,000 Rachel Stutheit to Anibal & Laurie Sepulveda, 17018 Winged Oak Way, Davidson 7/2/18 $318,000 Wayne & Karen Diegelmann to Thomas Roach & Caroline Bridges, 15614 Centennial Forest Dr., Huntersville 7/2/18 $525,000 Helen Haynes to Deborah Fanning & Stephen Noe, 18754 Greyton Ln., Davidson 7/3/18 $273,000 Jason & Michele Rippy to Randy & Dawn Jennings, 18417 Train Station Dr., Cornelius 7/5/18 $295,000 Ramon Quintero & Joanna Ortiz to Felicia Butler, 9626 Cheery Meadow Dr., Huntersville 7/5/18 $534,500 Evolution Investment Group to Thomas & Tiffani Napier, 16336 Autumn Cove Ln., Huntersville 7/5/18 $276,000 Gina Mufalli to Amy Yu 10334 Mull Ct., Huntersville 7/5/18 $565,000 Emily Kingsley & Joshua Knichel to Nicole & Chase Turpin, 18335 Turnberry Ct., Davidson 7/5/18 $422,500 Erin Schmalzried to Jeffrey & Lindsey Wiseman, 20309 Val Cir., Cornelius 7/6/18 $320,000 Robert & Staci Hobson to Lynn Cavanaugh, 9007 Tartan Ridge Dr., Huntersville 7/6/18 $272,500 Thomas Hyatt to Britney & Michael Phifer Jr., 14111 Garden District Row, Huntersville 7/6/18 $377,500 Robert & Lydia Chandler to Opendoor Property D LLC, 13620 James Ervin Way, Davidson 7/6/18 $504,000 Sandra Jordan to Jason & Cameron Durso, 18015 River Ford Dr., Davidson 7/6/18 $327,000 Shawn & Kristi-Anne Gilmore to Michael Brewer, 8851 Magnolia Estates Dr., Cornelius 7/6/18 $654,000 Barry & Dana Lanham to Kent & Amy Carter, 17124 Piermont St., Davidson
7/9/18 $950,000 David & Margaret Merriman to Wiley & Eldean Burrow, 19429 Laurel Glen Ave., Cornelius 7/9/18 $335,000 Daryle & Gloria Garner to Opendoor Property W30 LLC, 8901 Tartan Ridge, Huntersville 7/9/18 $280,000 Chelsea Williamson to Opendoor Property D LLC, 16125 Kelly Park Cir., Huntersville 7/9/18 $320,000 Christopher Broyles to Daniel Tucker, 7405 Gilderstern Glen Ct., Huntersville 7/9/18 $331,000 Sharon Keenan to Julie Cansler, 15431 Shinner Dr., Huntersville 7/9/18 $690,000 Lisa & Jeffrey Mohler to Daniel & Dominique Bredeson, 19043 Meta Rd., Cornelius 7/9/18 $791,000 Philip Mead to Mary Mitchell & Dale Townsend, 17619 Springwinds Dr., Cornelius 7/9/18 $320,000 Jessica & Michael Shaffer Jr. to Sherri & Kelway Howard III, 11138 Skytop Dr., Huntersville 7/9/18 $305,000 Douglas & Kathleen Graham to Erin Schmalzried, 20597 Harbor View Dr., Cornelius 7/10/18 $276,000 Christopher & Peggi Kite to Timothy & Megan Cook, 10414 Caldwell Depot Rd., Cornelius 7/10/18 $440,000 Brian & Tamara Pysz to HP North Carolina I, 22229 Market St., Cornelius 7/10/18 $965,000 Nancy & Randy Skiles to Donald & Michelle Trumpower, 19301 Stableford Ln., Cornelius 7/10/18 $320,000 Teresa & Jason Taylor to HP North Carolina I LLC, 7416 Lochrein Ridge Dr., Huntersville 7/10/18 $465,000 Christopher &Sandra O’Keefe to Taylor & April Lane, 2027 Bishops Ct., Cornelius 7/10/18 $352,500 Taylor & April Lane to Joseph & Cari Sgroi, 9017 McDiarmid Ln., Huntersville 7/11/18 $399,000 Joan Tolmie to James & Judith Deering, 243 N. Faulkner Way, Davidson 7/11/18 $308,000 Gloria & Richard Dieterich to Patricia Vineyard, Lot 20 Westmoreland, Cornelius 7/11/18 $260,000 Marcus & Tara Kilgore to Christopher & Peggi Kite, 21032 Torrence Chapel Rd., Cornelius 7/12/18 $325,000 Kerry & Renee Hill to Michael & Beth Adams,15925 Lavenham Rd., Huntersville 7/12/18 $359,500 Standard Pacific of the Carolinas to Richard & Jacqueline Santella, 15435 Davidson East Dr., Davidson 7/12/18 $300,000 James & Regina McEneaney to Jonathan & Angela Marlowe, 101030 Allison Taylor Ct., Cornelius 7/12/18 $1,615,000 Ronald & Patricia Jones to David & Meredith Romley, 16802 Baywatch Ct., Cornelius 7/12/18 $332,500 Jennifer Wolski to Francine Sulak, 15822 Waterfront Dr., Huntersville 7/12/18 $251,000 Carol Frietag & Margaux Slade to Joel Stinson, 7527 Mariner Cove Dr., Cornelius 7/13/18 $429,000 Terry & Jane Lursen to
O n T he Record Gary & Brenda Jones, 12912 Cadgwith Cove Dr., Huntersville 7/13/18 $327,500 Matthew & Sara Middleton to Kevin Grabow & Paola Pena Paz, 8431 Bridgestone Dr., Huntersville 7/13/18 $441,000 Terry & Trisha Dymytruk to Opendoor Property D LLC, 12615 Kane Alexander Dr., Huntersville 7/13/18 $568,000 South Creek Construction to Vendelin & Cheryl Took, 15133 Reese Finley Ln., Cornelius 7/13/18 $273,000 Nicholas & Robin Gajdos to Lesley & Jason Webster, 12204 Palomar Dr., Huntersville 7/13/18 $325,000 Loni & Robert Johnston III to Jason Ridenhour, 20210 Beard St., Cornelius 7/13/18 $366,000 John & Angela Call to Brett & Jessica Groleau, 8816 Lizzie Ln., Huntersville 7/13/18 $415,000 Harold & Laura Andrews to Andrew & Laura Gillette, 16402 Cardross Ln., Huntersville 7/13/18 $473,000 Taylor Morrison of Carolinas to Clinton & Tara MacDonald, 9811 Quercus Ln., Huntersville
More Mecklenburg Transactions online at www.BusinessTodayNC.com
Cabarrus County 06/25/18 $282,000 NVR, Inc. to Gerald & Monique Davis, 7350 Raylee Ave., Concord 06/25/18 $326,000 Clarence & Dorothy Warren to Joel & Emily Wommack, 4328 Annelise Dr., Harrisburg 06/25/18 $355,000 Todd Perkins to Ahmed ElGhannam, 9718 Aragornj Ln., Charlotte 28269 06/25/18 $330,000 George & Kristy Lampe to Michael & Tonya Smith, 4737 Myers Ln., Harrisburg 06/25/18 $510,000 Robert & Barbara Hayes to Charles & Mary Cooke, 1179 Asheford Greenj Ave., Concord 06/25/18 $250,000 EGW Enterprises, LLC to Justin & Samantha McClellan, 114 Kirkwood Dr., Concord 06/25/18 $425,000 Christopher Zagar & Kathleen Springer to Patricia Marta, 652 Georgetown Dr., Concord 06/25/18 $301,000 Bonterra Builders, LLC to Keona Griffin, 10067 Fox Trotter Ln., Midland 06/25/18 $376,000 Taylor Morrison of Carolinas, Inc. to Anthony & Janet Barton, 450 Hunton Forest Dr., Concord 06/25/18 $330,000 Robert & Jennifer Davis to Ashley Zachary, 8254 Quail Hollow Dr., Harrisburg 06/26/18 $256,500 Derek & Angelia Evatt to Zachary & Liesl Elison, 3303 Burnage Hall Rd., Harrisburg 06/26/18 $267,000 Theron & Ashli Palmer to John & Jeannemarie Ripp, 7899 Cotswold Ctr., Charlotte 28213 06/26/18 $399,000 Lennar Carolinas, LLC to Ross & Bethany Blum, 1981 Smokey Quartz Rd., Davidson 28036 06/26/18 $332,500 Niblock Homes, LLC to Robert & Cheryl Weatherman, 2375 Ashbourne Pl., Concord 06/26/18 $337,000 Niblock Homes, LLC to
Nelson & Dorin Chandler, 2385 Ashbourne Pl., Concord 06/26/18 $310,000 The Ryland Group, Inc. to Qetesh Bey & Joyce Stowe, 2190 Holden Ave., Concord 06/26/18 $262,500 Jeffrey & Irma Sides to Michael & Patricia Carey, 3323 Eva Dr., Concord 06/26/18 $254,000 Dustin & Amber Hooks to Alan Knitter, 4353 Tucker Chase Dr., Midland 06/26/18 $550,000 Locust Golf Associates, LLC to Adams Homes AEC, LLC, Lots 17-22, 75 & 77-79 of Glenwood @ the Village of Redbridge, Locust 06/26/18 $300,000 Century Communities Southeast, LLC to Andrew & Katie Miers, 11531 Vista Ridge Ct., Midland 06/27/18 $398,000 Christopher & Nicole Riddle to Matthew & Danlia Crater, 10700 Alabaster Dr., Davidson 28036 06/27/18 $296,500 Roddie & Tabitha Furr to Claudie & Teresa Smith, 7i628 Maple Bluff Ln., Concord 06/27/18 $434,500 Niblock Homes, LLC to Richard & Carol Schofield, 3911 Zemosa Ln., Concord 06/27/18 $433,500 Lennar Carolinas, LLC to Tulasilakshmi Sunkara, 1977 Smoky Quartz Rd., Davidson 28036 06/27/18 $390,000 M/I Homes of Charlotte, LLC to Manas & Lipsarani Sahoo, 975 Old Trace Rd., Concord 06/27/18 $547,000 Rodney & Sharon Lilly to Chad & Heather Thompson, 12600 Culp Rd., Gold Hill 06/27/18 $253,000 William & Connie Cagle to Jardel & Rosana Senno, 388 Winecoff Woods Dr., Concord 06/27/18 $335,000 Richard & Cynthia Sickle to Stacie McLean, 2169 Barrowcliff Dr., Concord 06/27/18 $412,000 Niblock Homes, LLC to Bradford & Laura Price, 3900 Zemosa Ln., Concord 06/27/18 $265,000 Derek & Misty Cole to Marty & April Green, 3586 Catherine Creek Pl., Davidson 28036 06/27/18 $275,000 Aldo & Anna Rondinelli to Rao & Ratha Jasti, 1344 Soothing Ct., Concord 06/27/18 $765,000 Curtis Preik & Dana Erato to Rakesh & Sonal Patel, 9915 Clarkes View Pl., Concord 06/27/18 $253,500 River Rock Construction NC I, LLC to CSHP One LP, Ptnrp., 840 Richardson Way, Concord 06/27/18 $270,000 Jerry & Gayle Phillips to Susan Cornell, 1121 Windsor Dr., Kannapolis 06/27/18 $330,000 Century Communities Southeast, LLC to Bryan & Amy Cameron, 642 Iron Horse Ln., Midland 06/28/18 $265,000 NVR, Inc. to Neiman Murrell, 1107 Discovery Dr., Concord 06/28/18 $275,000 NVR, Inc. to Lucas & Alyssa Foster, 11013 Discovery Dr., Concord 06/28/18 $275,500 True Homes, LLC to Shane & Tamryn Oâ€™Toole, 345 Wyndham Forest Cr., Midland
06/28/18 $288,000 Roberta Woods, LLC to Charles & Tasha Trull, 5312 Fox Meadows Ct., Concord 06/28/18 $266,500 NVR, Inc. to Jeffrey & Sherry Bunten, 1683 Scarbrough Cr., Concord 06/28/18 $262,000 Michael & Lois Hardister to Jerry Drye, 8715 Yesteryear Tr., Concord 06/28/18 $259,500 NVR, Inc. to Irby Hurst, 11009 Discovery Dr., Concord 06/28/18 $457,000 M/I Homes of Charlotte, LLC to Muguntha Lakshmanan & Deepa Rajagopal, 987 Old Trace Rd., Concord 06/28/18 $296,000 Mark & Emily Powers to Alexander & Bari Sinoyannis, 2390 Bridgeford Dr., Huntersville 28078 06/28/18 $324,000 NVR, Inc. to Roger Makabi & Judith Luaba, 1764 Mill Creek Ln., Concord 06/28/18 $564,500 NVR, Inc. to Sarika Moran & Anandkumar Gopalakrishnan, 4370 Oldstone Dr., Harrisburg 06/28/18 $296,000 Adam & Natalie Renstrom to Russell Edwards & Amanda Dzeeuvki, 7690 Rocky River Rd., Concord 06/28/18 $326,000 Donald & Tabitha Bowden to Andrew & Hallie Greenlees, 1519 Chartwell Ct., Concord 06/28/18 $364,500 Bonterra Builders, LLC to Stephen & Robyn Tate, 10071 Dressage Ln., Midland 06/28/18 $530,000 Larry & Joan Richardson to Stephen & Lauren Swartz, 885 Craigmont Ln., Concord 06/28/18 $462,500 Daniel Garber to Daniel & Joanna Cormier, 1033 Lyerly Ridge Rd., Concord 06/28/18 $293,500 NVR, Inc. to Nicholas & Daniela Riley, 7354 Raylee Ave., Concord 06/28/18 $362,500 Century Communities Southeast, LLC to Larry Lee & Ruby West, 854 Double Oak Ln., Concord 06/28/18 $325,000 Carlos Palacios & Yamila Suarez to Charles & Cynthia Sain, 2540 Treeline Dr., Concord 06/28/18 $356,000 Ryan Ivey & Debra Penafeather to David & Jennifer Henry, 10965 Aspen Ridge Ln., Concord 06/28/18 $321,500 NVR, Inc. to Rashaud & Jasmine McCray, 1768 Mill Creek Ln., Concord 06/28/18 $257,000 River Rock Construction NC I, LLC to CSHP One LP, Ptnrp., 5403 Roberta Crossing Dr., Concord 06/28/18 $417,000 Chih & Jessica Wang to Smiley & Michelle Kent, 4422 Queensbury Dr., Harrisburg 06/28/18 $275,000 Michael & Janet Barker to Charles & Stephanie Stapleton, 4779 Rocky River Rd., Concord 06/28/18 $980,000 Timothy & Dianne Tallent to Byron & Sarah Branch, 10260 Enclave Dr., Concord 06/28/18 $256,000 Buck Mountain Creek, LLC to Kelly Hoey, 10942 Tailwater St., Davidson 28036 06/28/18 $348,000 David & Kimberly Spencer to Marques & Monica Johnson, 9625 Brandybuck Dr., Charlotte 28269 06/29/18 $334,000 Century Communities
Southeast, LLC to Kenny & Carol Edney, 861 Double Oak Ln., Concord 06/29/18 $830,000 New South Enterprises, LLC to FHP Management, LLC, 1.16 ac., Central Drive Industrial Park, Concord 06/29/18 $278,500 Century Communities Southeast, LLC to Tahuna Kidd, 111427 Cedarvale Farm Pkwy., Midland 06/29/18 $330,000 Brian & Robin Foley to Raymond Keenan & Elisabeth Strand, 1626 Abercorn St., Concord 06/29/18 $376.000 David & Joy Nifong to Andrew & Shelileah Newman, 7772 Woodmere Dr., Harrisburg 06/29/17 $282,000 Carla Gomez to Leonard & Carrie Stafaniak, 4696 Pascal Ct., Concord 06/29/18 $372,000 Lennar Carolinas, LLC to Anand Jalnapure, 1989 Smoky Quartz Rd., Davidson 28036 06/29/18 $386,000 Niblock Homes, LLC to James Bunn & Katelyn Jeans, 4198 Abernathy Pl., Harrisburg 06/29/18 $319,000 Roberta Woods, LLC to Ross & Belinda Phillips, 3233 Fairmead Dr., Concord 06/29/18 $480,000 Tung Huynh & Kim Dien to John & Jamie Williams, 9999 Jim Sossoman Rd., Midland 06/29/18 $305,000 Daniel & Sara Hagg to James & Peggy Swank, 3580 Valiant Ave., Concord 06/29/18 $371,000 David & Mary Hicks to Gustavo Delgado & Lue Lopez, 9540 Millen Dr., Harrisburg 06/29/18 $420,000 Carl & Sharon Furr to David & Susan Lewis, 840 Kings Crossing Dr., Concord 06/29/18 $344,500 The Ryland Group, Inc. to Anthony & Ann Valles, 2164 Holden Ave., Concord 06/29/18 $430,500 Bonterra Builders, LLC to Ronald & Annette Slate, 11004 Sparkle Creek Dr., Midland 06/29/18 $361,500 Mattamy Homes to Maryann Estes, 2836 Berkhamstead Cr., Concord 06/29/18 $384,000 Mattamy Homes to Carl & Christine Semmler, 2721 Berkhamstead Cr., Concord 06/29/18 $380,000 M/I Homes of Charlotte, LLC to Haraish Adama & Shravani Kariveda, 1001 Old Trace Rd., Concord 06/29/18 $317,000 Century Communities Southeast, LLC to Jason & Casey Barber, 858 Double Oak Ln., Concord 06/29/18 $330,000 Wayne Eigenmann to Uttam & Mira GC, 2283 Barrowcliffe Dr., Concord 06/29/18 $291,500 NVR, Inc. to Jodian Riley, 1733 Scarbrough Cr., Concord 06/29/18 $262,500 NVR, Inc. to Sagar Melam, 11007 Discovery Dr., Concord 06/29/18 $417,000 NVR, Inc. to Keenan & Tiffany Shelley, 7333 Cattail Ct., Concord 06/29/18 $290,000 Robert & Robin Vollendorf to Jimmy & Deborah Dobson, 2550 Mountain Laurel Ave., Concord 06/29/18 $255,000 Century Communities Southeast, LLC to Brian & Sharon Simpson, 289 Meadow Oaks Dr., Concord
18 August 2018
O n T he Record 06/29/18 $264,000 NVR, Inc. to Lindy Ngo & Phi Ung, 7355 Raylee Ave., Concord 06/29/18 $260,000 Michael & Starla Jenkins to Yanwei Ma & Xinzi Ji, 1528 Burning Lantern Ln., Kannapolis
More C abarrus Transactions online at www.BusinessTodayNC.com
Iredell County 6/28/18 $272,500 Standard Pacific of the Carolinas to Katherine Schaefer, 173 Rustling Waters Dr. 28117 6/28/18 $301,000 NVR to Taylor Evans & Bethany Downey, 157 Stibbs Cross Rd. 28115 6/28/18 $448,000 Richard & Cynthia Hess to Joseph & Mackenzie Precht, 218 Crystal Cir. 28117 6/28/18 $420,000 Timothy & Lisa Shutler to Christopher & Megan Ropchack, 125 Longboat Rd. 28117 6/28/18 $300,000 Manuel & Jennifer Daskalos to John & Brandon George, 194 River Birch Cir. 28115 6/28/18 $585,000 Kenneth & Emily Mueller to Justin & Nicole Kaplan, 400 Agnew Rd. 28117 6/28/18 $274,000 M/I Homes of Charlotte to Adam & Krista Pearson, 104 W. Neel Ranch Rd. 28115 6/28/18 $333,000 D.R. Horton to Cody Daniel Railey, 125 Tomahawk Dr. 28117 6/28/18 $334,000 D.R. Horton to Steven & Barbara Howard, 107 Rosebay Dr. 28117 6/28/18 $418,900 Garrison & Loren Davis to Evan Buston & Kristal Martin, 282 Blume Rd. 28117 6/28/18 $256,000 Eastwood Construction to Sarah & Tyler Scheld, 109 Emperors Trl 28115 6/28/18 $2,340,000 James & Patricia Spencer to PowerWorks Electric LLC, 160 Gasoline Alley Dr. 28117 6/28/18 $257,000 William & Christianne Wanner to Vasiliki Valsamakis, 162 Canoe Pole Ln. 28117 6/28/18 $690,000 Freddy E. Becker to Luciano & Kimberly Tekampe, 116 Hyannis Ct. 28117 6/29/18 $305,000 Adams Homes AEC LLC to Timothy & Lisa Shutler, 135 Tall Fern Loop 28117 6/29/18 $455,000 Steven Ciociola to Garrett Rodriguez, 106 Estate View Ct. 28117 6/29/18 $385,000 Kyle & Krissy Power to Michael & Cynthia Hosey, 372 W. Center Ave. 28117 6/29/18 $300,000 Ronald J. Yannone to Benjamin & Alicia Corriveau, 119 Forest Walk Way 28115 6/29/18 $549,000 David & Laura Johnson to Robert & Erin Hardison, 595 Stonemarker Rd. 28117 6/29/18 $270,000 Gil & Christy Bernhardt to Nucompass Mobility Services Inc., 102 Pebble Ct. 28115 6/29/18 $270,000 Nucompass Mobility Services Inc. to Donald & Wanda Philips, 102 Pebble Ct. 28115
6/29/18 $430,000 Nest Homes to Paul & Gail Dimarco, 133 Slocumb Ln. 28117 6/29/18 $317,000 Gregory & Donna Scapellati to Adam & Kady English, 155 Cherry Bark Dr. 28117 6/29/18 $270,000 Lennar Carolinas to Robert & Diana Howland, 112 Sequoia St. 28117 6/29/18 $282,000 Meeting Street Towns II LLC to Joseph & LaDawn Devane, 109 Mint Ave. 28117 6/29/18 $336,000 D.R. Horton to Hitesh & Sapna Thakkar, 127 Tomahawk Dr. 28117 7/2/18 $280,500 Robert & Maryann Morgan to Peter & Connie Poremba, 102 Walmsley St. 28117 7/2/18 $425,000 Jared & Candace Newman to Jason & Brooke Griffith, 143 Farm Knoll Way 28117 7/2/18 $387,000 Koehler Homes to James & Krista Gomola, 104 Jess Ct. 28117 7/2/18 $270,000 Barryr & Kim Meadows to Matthew Bragg & Courtney Setterington, 2068 Statesville Hwy. 28115 7/2/18 $317,000 Shirley Susan ScartoliOâ€™Rorke to Robert & Jude Crupi, 130 Sugar Magnolia Dr. 28115 7/2/18 $770,000 Steven & Brenda Hager to Jeffrey D. Swedish, 415 Robinson Rd. 28117 7/2/18 $497,500 Cullan R. Reilly & Claire Covington to Judith & Howard Weckerle, 134 Wynward Ln. 28117 7/2/18 $275,000 Jed & Irene Young to Chris & Georgie Burton, 141 Glenn Allen Dr. 28115 7/2/18 $320,000 Nilyum & Shailaja Behara to Latrice & Jarrett Lee, 198 Montibello Dr. 28117 7/2/18 $473,000 D.R. Horton to Shawn & Rachel Crawford, 115 Canoe Pole Ln. 28117 7/2/18 $477,000 D.R. Horton to Venetia & Stylianos Valsamakis, 123 Canoe Pole Ln. 28117 7/2/17 $337,000 D.R. Horton to Lars & Lisa Weidemann, 148 Blueview Rd. 28117 7/3/18 $390,000 Dwayne & Jennifer Smith to Gary & Alma Outen, 108 Wildiris Ln. 28117 7/3/18 $622,500 Matthew & Daiana Hayden to Halfbackenterprises LLC, 808 McKendree Rd. 28117 7/3/18 $299,000 Jared & Heather Ramseur to William H. Wilson Jr., 145 Wellshire St. 28115 7/3/18 $298,000 D.R. Horton to Kirk Gunhus, 106 Chase Water Dr. 28117 7/3/18 $682,000 Shade Tree Development Company to Brent Allen Taylor, 130 Bagby Rd. 28117 7/3/18 $255,000 Paul A. Nicander to Steven A. Roth Jr., 109 Spring Run Dr. 28117 7/3/18 $252,500 Carl & Lindsay Ford to Valerie & Michael Sweatlock, 170 Stallings Mill Dr. 28115 7/5/18 $280,000 Robert & Christine Beaudoin to Daniel & Wann Mahurin, 132 Scanlon Rd. 28115 7/6/18 $330,000 Eastwood Construction to Marvin Lee Stockwell Jr., 230 Bushney Loop 28115 7/6/18 $580,000 Alan & Darlena Goodwin to Steve & Leslie Esposito, 380 Agnew Rd. 28117
7/6/18 $2,200,000 Craig & Linda Bakstad to Mark & Ann Beeson, 103 Masthead Ct. 28117 7/6/18 $620,000 William & Rachel Solomon to Christopher & Sheila Beck, 120 Brockton Ln. 28117 7/6/18 $291,000 Lennar Carolinas to Gerald & Elizabeth Jobst, 146 Sequoia St. 28117 7/6/18 $275,000 Jose & Sandra Conde to Ronda & Sherry Smith, 107 Glade Valley Ave. 28117 7/9/18 $4,860,000 GNP Properties II to New Victory Lane, 247 Fernbrook Ln. 28117 7/9/18 $445,000 Michael & Jodi Wynblatt to Joseph & Steffany Webb, 201 Fernbrook Dr. 28117 7/9/18 $645,000 Eldean & Wiley Burrow to Tomas & Vicki Duski, 124 Knox Haven Ln. 28117
More Iredell Transactions online at www.BusinessTodayNC.com
FORECLOSURES Foreclosure actions have been started on the following properties. Items show the date foreclosure documents became public, owners, property address, lien holder, lien amount. After required notices are published, the property is sent to auction.The property then can be sold, not sold (examples: bankruptcy files or action dismissed without prejudice) or the sale postponed.
Mecklenburg County 7/6/18 Brenda Carol Beard Pope, 7508 McIlwaine Rd., Huntersville, Countrywide Bank $114,000
More Mecklenburg Foreclosures online at www.BusinessTodayNC.com
Cabarrus County 06/24/18 Warren & Treba Daniels, 1438 Mitchell Glen St., Kannapolis, Wells Fargo Bank, $140,000 06/29/18 Lon & Shelby Jenkins, 708 Laura Ave., Kannapolis, Metropolitan Life Insurance Co., $70,348 07/02/18 Kellie Hensley & Sherri Efird, 11174 Mooresville Rd., Davidson 28036, Ditech Financial,$108,900 07/06/18 Jaylene Carr Heirs, 623 Central Dr., Kannapolis, Fifth Third Bank, $33,750 07/06/18 Gerard & Antoinette Karyeah, 390 Courtland Ct., Kannapolis, Lakeview Loan Servicing, $176,741 07/06/18 Thomas & Shelley Rogers, 10780 Archer Rd., Davidson 28036, Wells Fargo Bank, $84,840 07/06/18 Jennifer Sanders, 3048 Winners Cr., Concord, Guild Mortgage Co., $113,960 07/10/18 Betty Shipman, Corey & Sabrina
Combs, 1507 Burning Lantern Ln., Kannapolis, Deutsche Bank National Trust Co., $210,000 07/10/18 Shane & Stacy Eudy, 11355 Flowers Store Rd., Midland, Federal National Mortgage Assoc., $77,700 07/10/18 Frank Vazquez, 1571 Matthew Allen Cr., Kannapolis, Federal National Mortgage Assoc., $147,705 07/11/18 Robert & Jacqueline Donahue, 529 Echo Ave., Concord, Ocwen Loan Servicing, $68,000 07/12/18 Thomas & Donna Wright, 216 Union St., Concord, Bank of America, $151,000 07/13/18 Steven & Stephanie Waller, 166 Cottontail Ln., Concord, Farmers & Merchants Bank, $265,000 07/16/18 Lamont & Linda Andrews, 219 Gumtree Dr., Kannapolis, Freedom Mortgage Corp., $124,755 07/16/18 Christopher Boltwood, 1956 Stonewyck Ave., Kannapolis, Bank of New York Mellon, $131,240 07/16/18 Todd & Alexis Ouellette, 9658 Estridge Ln., Concord, Wells Fargo Bank, $274,325 07/16/18 Robert & Robin Christian, 8800 Erbach Ln., Mount Pleasant, Wells Fargo. Bank, $125,000 07/17/18 Sean MacFeiggan, 4412 Robins Nest Rd., Concord, Wells Fargo Bank, $93,500 07/17/18 Sharon Carmichael, 1425 Tygress Dr., Kannapolis, Wells Fargo Bank, $146,530 07/17/18 Michael & Kimberly Gordon, 3760 Sedgwick St., Concord, U.S. Bank National Trust Assoc., $116,207 07/18/18 Jemela Jimenez, 513 Dockside Ln., Concord, Wells Fargo Bank, $179,629 07/18/18 Lyle Therriau, 347 Ann St., Concord, Ditech Financial, $109,000 07/18/18 Latoya Chambers, 4410 Fawnbrook Ave., Concord, Freedom Mortgage Corp., $155,628 07/18/18 Scott, Kristen & Phyllis Nostro,
More Cabarrus Foreclosures online at www.BusinessTodayNC.com
Iredell County 6/27/18 Margaret A. Panico, 298 Wiggins Rd. 28115, Tribeca Lending $123,500
More Iredell Foreclosures online at www.BusinessTodayNC.com
NEWCORPORATIONS These businesses have registered with the N.C. Secretary of State.
Meck County revals could be 50-75% higher next year BY DAVE VIESER Tax values for commercial and business property in Mecklenburg County may increase by as much as 75 percent when the new assessments go into effect next year. That’s based on information gleaned to-date by inspectors from the county’s tax assessor’s office. “While we still have more properties to inspect, the median increase countywide for commercial and business properties is somewhere between 50 percent and 75 percent,” said Mecklenburg County Assessor Ken Joyner. This is about twice as high as the increases in valuations of residential properties. Joyner made his comments at a meeting of the Cornelius Town Board, and while the increase in tax assessments don’t necessarily correlate to a commensurate increase in property taxes, some elected officials are concerned.
“I think we’re going to get drilled between the eyes,” said Commissioner Dave Gilroy. “In the context of a huge increase in tax values, if we don’t have a proportionate decrease in spending and the tax rate, you have increased taxes.” Two factors are driving the sharp increase in tax values: a growing, robust local economy and the fact that some properties in the county hadn’t been checked for a long time. “When I came on board in 2012, veteran staffers told me that some properties might not have been checked for as long as 20 years,” Joyner said. By state law, the county is required to publish the revenue neutral tax rate each year when the annual budget is proposed. This represents the rate the county would need to implement in order to keep tax income flat in spite of
higher values. It sounds good in theory. A similar publication requirement applies to towns, but since about 80 percent of total Mecklenburg property taxes are due to county spending, it is the county budget which will have the largest impact on tax bills. County taxes cover a wide range of local services as well as the CharlotteMecklenburg Schools. With the new numbers coming in, town officials have taken notice. “I know we will try and minimize the impact as much as we can on the town level,” said Huntersville Mayor John Anerella. “But with the county budget generating the majority of taxes, I am sure there are some who will be adversely affected.” Cornelius Town Manager Andrew Grant concurred. “The numbers provided by the tax assessor are reflective
of what we have all seen over the past few years: Property values growing in both residential and commercial markets. We will carefully evaluate the pending town-wide assessed value as we consider the tax implications for our businesses, and residents.” The one piece of good news for property owners is the fact that the new higher tax values will not be reflected on the tax bills going out this summer, but rather on bills sent out in summer 2019, and payable by the end of that year. There are processes in place for those who wish to appeal their new tax values. Joyner urged property owners to visit the county web site: www.mecknc.gov to obtain further information.
7/5/18 Joe Kruschek Inc., Joseph Kruschek, 19709 Copperfield Pl., Cornelius 7/5/18 Telencephalon LLC, Sam Kumar Saha, 246 Walking Horse Trl., Davidson 7/5/18 The BFR PROS LLC, Yordan Ascanio, 19607 W. Catawba Ave. Ste. 102, Cornelius 7/5/18 Walk-About Services LLC, United States Corporation Agents Inc., 14532 Reese Blvd. W, Huntersville 7/5/18 WS Investment Group LLC, Marcus Smith, 15601 Troubadour Ln., Huntersville 7/6/18 Ashley Smith Designs LLC, Ashley B. Smith, 12820 Glassonby Ct., Huntersville 7/6/18 Elvington Family LLC, Robert Fulton Elvington II, 12715 Moores Mill Rd., Huntersville 7/6/18 Erica Sara Designs LLC, Erica Sara Reese, 8743 Oakham St., Huntersville 7/6/18 Ink Plant LLC, Robert James Reese, 8743 Oakham St., Huntersville 7/6/18 Leading Edge Marketing LLC, United States Corporation Agents Inc., 10662 Sapphire Trl., Davidson 7/6/18 Lexx Laurens LLC, Angela Jordan, 19015 River Falls Dr., Davidson 7/6/18 Odyssey Investments & Operations Group LLC, Shelly Li, 21620 Old Canal St., Cornelius 7/6/18 TGD & Associates Inc., John F. Hanzel, 16131 Northstone Dr., Huntersville 7/9/18 Ardor Ltd. LLC, Robert Nathan Sipp, 13621 Hagers Ferry Rd., Huntersville 7/9/18 CCJM Properties LLC, Martin L. Tindall, 20824 Decora Dr., Cornelius 7/9/18 CREE Rental Holdings LLC, Daniel J. Jones, 8117 Antigua Rd., Huntersville 7/9/18 Lyfe Marine Inc., Randy Jordan, 9427 Culcairn Rd., Huntersville 7/9/18 Ruth K. Bolick Properties LLC, Richard Dale Bolick, 8711 Brentfield Rd., Huntersville
7/9/18 Wagner and Son Construction LLC, Michael L. Wagner, 21417 Verano Pl., Cornelius 7/9/18 Wolfgang Environmental Technologies Inc., Tasha B. Hefner, 15819 Pineknoll Ln., Huntersville 7/10/18 B & B Mobile Detailing LLC, Willie Lee Brown III, 20311 Chartwell Center Dr. Unit 2486, Cornelius 7/10/18 Belmont Investment LLC, Karen Losavio, 16638 Greenfarm Rd., Huntersville 7/10/18 Corvus Aviation LLC, Lara Heishman, 13111 Meadowmere Rd., Huntersville
7/11/18 981 Union LLC, Jeffrey Sossoman, 300 Manor Ave., Concord 7/11/18 BJ Lithonia LLC, Zachary M. Moretz, 1036 Branchview Dr. Ste. 204, Concord 7/11/18 GTI Consulting Group LLC, Christopher J. Wilson, 4761 Turnridge Ct. NW, Concord 7/13/18 Metrolina Property Services LLC, Jeremie D. Deese, 918 Stones Throw Dr., Concord 7/13/18 NPS Investment LLC, Stephanie L. Cooper, 5620 Concord Pkwy. S Ste. 103, Concord
7/11/18 Best Alternative LLC, Danielle N. Best, 194 L Lansing Cir. 28115 7/11/18 KAS Services LLC, Kristy Lyn Styborski, 255 Teeter Rd. 28115 7/11/18 Princeton Realty Inc., Jeffery Cernuto, 132 Joe V. Knox Ave. Ste. 105 28117 7/12/18 Dynamics International LLC, Justin Roath, 2915 Charlotte Hwy. 28117 7/12/18 Langtree 101 LLC, Richard W. Howard, 331 Alcove Rd. Third Fl. 28117 7/12/18 Langtree 300 LLC, Richard W. Howard, 331 Alcove Rd. Third Fl. 28117 7/12/18 Langtree Plantation Holdings LLC, Richard W. Howard, 331 Alcove Rd. Third Fl. 28117 7/13/18 Blue Line Property Services LLC, Ed Gallagher, 104 Ariel Dr. 28117 7/13/18 Horsepower Detailing LLC, Gary Derek Queen, 117 Fox Glove Dr. 28115
More Cabarrus New Corporations online at www.BusinessTodayNC.com
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7/9/18 Excellence Church, Iglesia de Excelencia, Wladimir Valencia Rosero, 3971 Hollows Glen Ct. SW, Concord 7/9/18 GM Transports LLC, Moises E. Gonzalez, 419 Lily Green Ct. NW, Concord 7/9/18 Johnson Restoration Pro LLC, Darius H. Johnson, 396 Beacon St. NW, Concord 7/9/18 KIB Investment LLC, Stephanie L. Cooper, 5620 Concord Pkwy. S Ste. 103, Concord 7/9/18 Reliable Wallcovering LLC, Mike Coleman, 7156 Weddington Rd. Ste. 180, Concord 7/9/18 The List LLC, Bobby Blake Monroe, 5620 Concord Pkwy. S. Ste. 103, Concord 7/9/18 uweline llc, Xinguo Wang, 4621 Triumph Dr. SW, Concord 7/10/18 Autopros Inc., J.C. Gillard Jr., 2005 Wilshire Ct. Ste. A, Concord 7/10/18 Intrinsic Holdings LLC, Stephanie L. Cooper, 5620 Concord Pkwy. S Ste. 103, Concord
330 S. Main St. 28115 7/10/18 Rowland Capital Management LLC, Clifton W. Homesley, 330 S. Main St. 28115
More Iredell New Corporations online at www.BusinessTodayNC.com
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Champagne Reception, Expo 14thAnnual AnnualAwards Awards Champagne Reception, Expo && 14th
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20 August 2018
HOT PROPERTIES Home appreciations tops inflation over short-term BY DAVE YOCHUM David Blitzer, the managing director and chair of the Index Committee at S&P Dow Jones Indices, says the Charlotte housing market will continue to benefit from net in-migration. “You are picking up a fair amount of higher-end employment,” he said in an exclusive interview with Business Today. It likely means slow but steady gains in the price tag of executive and luxury housing. More moderately priced homes will increase in value faster, according to Pat Riley, CEO of Allen Tate Cos. “The majority of above-average price appreciation in the region is homes under $500,000,” he said. Blitzer is nationally known for his commentary on S&P’s monthly report on home prices around the country. The 20-city US index, which includes Charlotte, shows home prices are up 6.5 percent year over year. The US inflation rate June over June was 2.9 percent. Home prices in some markets are climbing two and three times faster than inflation, Blitzzer said.
“The year-over-year increases in the Index have topped 5 percent every month since August 2016. Unlike the boom-bust period surrounding the financial crisis, price gains are consistent across the 20 cities…the range of the largest to smallest price change is 10 percentage points compared to a 20 percentage point range since 2001, and a 25 percentage point range between 2006 and 2009,” Blitzer said. What he’s saying is that prices are rising consistently, especially David Blitzer in the Charlotte market. Incredible as it may seem in light of recent gains, Charlotte home prices are up only slightly more than inflation from just before the financial crisis of 2006-2007 to 2018. According to Case-Schiller historic data, home prices rose 24.9 percent over the past 12 years, compared to the
Consumer Price Index, which rose 24.4 percent. “Everyone says inflation is so low, but when you accumulate it over 10-12 years, it’s a real number,” Blitzer said. “To say we’re back to where we were in 2000-2005, that probably makes sense.” On the economic development side, it’s all good. Home prices here are still lower than in much of the rest of the country—and where we’re considerably higher, we are still better off in terms of attracting newcomers. “Yes, the greater the price appreciation, the less competitive our region becomes from an economic development standpoint. However, our competition for economic development is also experiencing similar escalation, and we have a lower price point to begin with,” says Riley. Our region excels in the areas of lower property taxes and cost of living, as compared to other regions. We have not lost a corporate move because of housing prices, Riley says.
Selling beautiful Lake Norman homes for 24 years
Cornelius 16446 Pinwhenny Road $2,599,000 LD SO
Cornelius 16737 100 Norman Place $945,000 LD SO
The Peninsula 17601 Westward Reach Road $1,999,000
Jetton Cove 20046 Northport Drive Listing Price: $399,000
A standing-room only discussion of the luxury housing market by the top brass at Allen Tate Co. suggests the demand for milliondollar houses will keep growing. More private wealth is hitting the real estate markets with many multimillion-dollar properties being purchased for cash. The presentation was held at The Peninsula Club in July. Here are some takeaways: • There is an “ardent” focus on design of the home; the home itself is living art • Extreme homes are driven by lifestyles • A search for “mastery and worth” means people are willing to spend money on the perfect home • If you’re selling, declutter. It’s not about all the stuff, people feel a burden from too many “things.” • Golf communities are making a resurgence. • Low inventory is a national phenomenon. • Boomers are not retiring at the same pace as their predecessors. • This is the age of “dual everything,” including vanities, showers, toilets, closets and even master bedrooms
The Peninsula 18705 Harbor Light Boulevard $1,060,000
River Run 17530 River Ford Drive Listing Price: $850,000
• People are taking money out of the stock market and putting it into real estate. • Small might be beautiful, but high-end buyers are looking for larger houses.
•Multiple-view surveillance cameras are expected, as well as commercial grade kitchen appliances.
• Besides cool outdoor spaces and home theater, the truly wellequipped manse has a library or music room and a car work area
Cross Property Agent Full
19108 Betty Stough Road, Cornelius NC 28031-7512
OT ROPERTIES CMLS#: 3377586 Status: In Cornelius Closed Subdivision: Patricks Purchase
Category: Tax Location: Tax Value: Deed Ref:
Single Family Cornelius $805,400 15161-283
Parcel ID: 001County: Meck Zoning: GR Plat Book/Slide: Block/Section:
Legal Desc: L49 M23-406 Approx Acres:0.80 Approx Lot Dim: 0 Lot Desc: Water view, Waterfront 18705 Harbor Light Boulevard in Cornelius for 1,000,000
An iconic home in The Peninsula has sold for $1 million after being listed by Anita Sabates of Allen Tate at $1.06 million. The 4,787 square foot house is a traditional Southern beauty with a distinctive wrap-around porch and a fully renovated kitchen. Itâ€™s the closest house on one side to the Peninsula Yacht Club. Assessed at $753,000, it was on the market six weeks. Eric Layne of Helen Adams represented the buyers.
19108 Betty Stough Road in Patricks Purchase sold for $1,360,000
ON T HE R ECORD
General Information Type: 2 Story Style: Construction Type:Site Built
Sch Elem Mid High
HLA Main: Upper: Third: Lower: Bsmnt:
Bldg Bed Bat Yea New Pro Con Buil Mod
A house at 19108 Betty Stough Road in the Patricks Purchase neighborhood has sold for $1.36 million after being listed at $1.375 million by Debbie Monroe of Lake Norman Realty. The 4,414 square foot house has a tax value of $805,400. It sits on a .8 acre lakefront lot. It was on the market for less than two weeks. Gloria Walsh with Caldwell Banker represented the buyers.
2,710 1,704 Into0 a New 0 look 0
Above Grade: 4,414 email@example.com Total: 4,414 21405 Catawba Avenue Additional Sqft: 0
Unheated Sqft Main: 920 Upper: 0 Third: 0 Lower: 0 Bsmt: 0 Total:
Additional Information Prop Fin: Cash, Conventional Assumable: No Pub Ownership: Seller owned for at least one Occupant Type: Owner Special Conditions:None 06/15/2018 : Sold : UCNS->CLOSD
3661 Richwood Circle in Kannapolis
Room Level Baths Room Type sold for $1,600,00 Beds Main 1 1/2 Bathroom(s), Dining Rm, Family Room, Foyer, Great Rm, Kitchen, La A stately home at 3661 Richwood Upper 4 Creek neigh2/0 Bathroom(s), Bedroom(s), Bed/Bonus, Loft, Office Circle in the gated Pine borhood has sold for $1.6 million after being listed at $1.749 million Features by Mark Soltanski of Z1 Realty. The 11,600-square-foot mansion has a three-story elevator, full theater Lake and Waterbody Name Norman bar, exercise room with a steam room Lake/Water Amenities: Lift, Boat Slip, Floating Dock, Pier a custom wood-paneled office Boat and a curved dual staircase. Of course, Parking: Attached Garage, Garage - 3 Car, Parking Space - 4+ thereâ€™s a pool, complete with waterfall, spa and poolhouse. Pamela Martino of Driveway: Concrete Doors/Windows: Wilkinson ERA represented the buyLaundry: Laundry Room Fixtures Exceptions: ers. According to MLS, the house Main, was Foundation: Crawl Space on the market just under 10 months.
Yes, Gas Logs, Great Room Carpet, Wood
g-Insulated W No
22 August 2018 petscreening from page 1
after stints at IBM and ExxonMobil. His newest venture, PetScreening.com may change the way pet owners rent property. Whether it be off-campus college housing, vacation rentals, or a primary residence, the two-way street of landlords and tenants often clash over animals. Bradford launched PetScreening. com with a $250,000 capital investment. For renters, there is a $20 charge for the first animal, and $15 for each additional pet. There’s no charge for service animals—or landlords and property managers. Bradford’s Cornelius-based business is on track to register 30,000 pets over the next 12 months. The business may be in the right place at the right time as Millenni-
are common before leasing property, not all animals are created equally. Bradford’s site has vetted animals in 45 states and for more than 350,000 rental units. The total staff is seven people, including Bradford. At PetScreening.com, after spending 10 or 15 minutes entering data on your animal, customers receive a FIDO score. The information requested includes photos of the animal, vaccination records, data on behaviors and habits, age, size, breed, name of vet and frequency in which you see the doctor. The site also asks if you walk your dog on a leash or not, whether you pick up waste, if your animal has any history of altercations or biting, and lots of other information that helps determine how likely an animal is to cause problems to property or inconvenience neighbors. Bradford says property owners and
“I’m a pet lover but I also know as a landlord that people and pets create problems. We do lots of checking on people, but know little about their animals.” als postpone purchasing homes, and America’s love affair with pets continues. PetScreening.com adds a layer of third-party liability protection for landlords and provides a pathway to report pet bites and property damage incidents. Pet owners receive a 12-month software license to use their pet profile in other ways such as with pet groomers, pet walkers, campgrounds and pet daycare. “I’m a pet lover but I also know as a landlord that people and pets create problems,” said Bradford. “We do lots of checking on people, but know little about their animals.” While credit and background checks
managers are motivated to have prospective tenants sign up at PetScreening because they get valuable information, and it doesn’t cost them anything. Then, too, they are better able to evaluate whether a tenant is a good fit for their location, and if an issue pops up after a renter has moved in, they have documentation for what the animal was supposed to be like. The profiles are active for a year and can be used in different ways, whether
it be for property rental, camp grounds, or data for a groomer. “We’re opening eyes and changing minds on breeds,” said Bradford. “Large dogs can be better for property owners than small. We allow for a full evaluation of the animal and their owner.” In addition to creating tangible data on pets, the site can also help landlords ensure that service and emotional support animal requests are legitimate. When an accommodation animal request is made, there is no charge, and only the limited allowable legal questions are asked. An attorney looks over the application and documents provided to either approve it, or issue a red flag. Having a third party verify assistance animals can be very important for landlords who don’t want to spend the time and resources to determine whether a renter legitimately needs the animal or not. Avoiding difficult conversations and potentially toeing the legal line is a major benefit to business owners. “Not everyone who says they have an assistance animal actually has a need,” said Bradford. “The housing industry is afraid to ask. There is a fear factor. This helps property managers of all kind.” At PetScreening.com, only about 15 percent of requests are for service animals. Though hiring attorneys for verifications on animals that do not produce revenue is a loss, any company that uses the site is required to funnel all animal requests, pet and service, to the site. Bradford has found that an added benefit of the site is a new openness for landlords to accept pets. For years, college housing was a no-animal business. With the rise of assistance animals, whether legitimate or not, suddenly Fido and Fifi were in the house. With a risk algorithm available, more properties are accepting animals. In some cases landlords are able to charge more for tenants with pets. Though years have passed, the basic principles of Bradford’s woodworking venture were similar to his latest project: Recognize a need, put in the work, and find people who want his product. He still has the H&J Workshop sign hanging in his garage in Cornelius. His family of six humans and two animals has a budding entrepreneur in it too. Oldest son Jack, 15, has been known to dress up in a suit and present PetScreening.com demos. Like father like son.
Editor Dave Yochum firstname.lastname@example.org Sales & Marketing Director Gail Williams email@example.com Production Director Darren Versace firstname.lastname@example.org Contributors Melissa Atherton, Erica Batten, Dave Friedman, Cheryl Kane, Dave Vieser, Cathryn Piccirillo Sherman, Vickie Weant Phone 704-895-1335 The entirety of this newspaper is copyrighted by NorthEast Business Today, LLC 2018 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. $6 (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 email@example.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 firstname.lastname@example.org 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.
• 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
Jim & Carolyn Duke
Bill & Ericka Cain
CAPTAINS & COMMANDERS: Advance Wealth Strategies • Frank & Lynn Manis • Range at LN • Brian & Tricia Sisson • Duke Energy • Bank of America • Alpha Graphics • Christopher & Robin Davis • KS Audio Video • McIntosh Law Firm • CEENTA/Dr. Miltich • Lake Norman Kiwanis Club • Eleven Lakes Brewing • Dobi Financial • Pure Fishing - Neil Eibler • Payroll Plus • Park Avenue Properties - John Bradford • Jeff & Nancy Tarte • Paul Newton • Bentz & Associates • Lake Norman Realty - Abigail Jennings • Brent & Amy Sparks • O2 emc / O2 Energies/Joel Olsen • Morning Star Storage of Cornelius SKIPPERS & MATES • Alton’s Kitchen • Dan and Tracey Stehle • Denis & Chantal Bilodeau • Rose Associates - Kathleen Rose • Margaret & Blair Boggs • Woody & Sharon Washam • Dixie Dean|Christina Stone • Thom and Susan Tillis • Gary and Tracy Davis • Tom and Gail Belousek • Sid Morris • Dressler’s Restaurant • Dave and Dee Gilroy • Merrill Lynch - Tom Francomano • Greg and Anne Wessling • Chaz Beasley • Pamela Martin • Helena Lamb • Integrity Heating and Cooling • Thurman Ross • James Hicks • Brian Harris and Scarlett Hays • John & Pamela Crutchfield • Bob & Lois Watson • Tom & Ann Dutton • Chris and Sally Ashworth • John and Nancy Aneralla • Eric Worthington • Karen Tovar • Marvin & Carol Lee • Pat Cotham • Andrew Fellows • Marvin & Vicki Lich • Patrick Penuch • Wendy Hartley • Sean Travis • Rob Bennett • Randy Stephenson • Max Yochum FOOD & BEVERAGE VENDORS: Big Bite’z Grill, Brickhouse Tavern/Port City Club, Brixx Wood Fired Pizza - Birkdale, Bruster’s Real Ice Cream, Harvey’s In Cornelius, Midwood Smokehouse at Birkdale, Tenders Fresh Food, Dressler’s Restaurant, Herrin Brothers Ice Co., Alton’s Kitchen, Mama’s Pizza Express, Old Store Produce.
for 14 years
JUST LISTED $3,100,000 | The Peninsula | Waterfront Amazing Kitchen | Huge Views | Private Dock
JUST LISTED $1,299,000 | Waterfront Lot Huge Views | Located in Cornelius
$2,999,000| Waterfront | The Peninsula | New Construction | Completed May 2018
JUST LISTED $689,000| The Peninsula | Boat Slip |4 Beds | 3 Â½ Baths
$3,499,000 | Waterfront | Cornelius Private Dock | 4 Car Garage
$1,525,000 | Golf Course | Pool & Hot Tub Amazing Kitchen | The Peninsula
1,475,000| 6.29 Acres| Built by Ken Bealer 4 car garage| Pool | Covered Patio
$4,000,000 | Waterfront | Cornelius| Elevator 10,000+ sq ft | Just Reduced $500k
$5,600,000 | Waterfront | The Point| Pool & Spa 4+ car garage |13,000+ sq ft
JUST LISTED $929,999 | The Peninsula | Boat Slip 2 Bedrooms on the Main | Room for a Pool
Lance Carlyle 704-252-0237
Marci Carlyle 704-451-8399
$1,999,000 | The Peninsula | Waterfront Private Dock | Master on Main
Jim Carlyle 704-252-3047
Terry Donahue 321-402-8543
Terry Byars 704-728-9775
Blaire Cohn 678-591-6621
JUST LISTED $1,590,000 | 0.66 acres | Waterfront Lot Just off Jetton Road in Cornelius
Al Strickland 704-201-7244
Tammy Godwin 704-650-0296
Michael Green 704-954-4489
19520 W Catawba Ave Suite 113 | Cornelius, NC 28031 | 704-895-4676 Office | www.CarlyleProperties.com