Business Today - August 2015

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August 2015 Published monthly Business Intelligence for the Golden Crescent: Lake Norman • Cabarrus • University City

Film industry

Volume 14, Number 5 $1.50

Race world mashup on road ahead

What happens when managers get overtime?

Is part of the Michael Waltrip Raceworld complex at Chartwell Drive and Liverpool Parkway in Cornelius up for grabs? People close to the operation say the racing entrepreneur has shown the property to more than one racerelated company currently located in the “Golden Crescent” between Mooresville and Concord.

Officials at Michael Waltrip Raceworld would not comment on the record.

Waltrip himself is not exactly in the driver’s seat when it comes to the race shop and fan attraction, which has more than 200 employees. An investor with considerable wealth on an international scale— Rob Kaufman—is a substantial owner of the enterprise.

Kaufman addressed MWR employees Aug. 4 and gave a rough

By Dave Friedman Last month President Obama laid out plans for major changes in overtime benefits, more than doubling the threshold for overtime pay, to $50,440 a year.

The change would impact more than 5 million workers nationwide.

Hourly workers qualify for overtime pay automatically if they work over 40 hours in a week. Those rules do not apply to employees with duties classified as executive, administrative or professional.

People like Tim Goss, Charlotte area rep for the Firehouse Subs franchise, predicts salaries will come down accordingly. “If it passes, we’ll no longer be able to pay how we pay now,” he said.

For mid-range franchises,

See RACING Page 14

See OVERTIME Page 15

By Dave Yochum

For the love of beer

Craft brewers and tap houses are hot Page 3

Cabarrus County

Entrepreneurship is all about growing Page 6

Small Business Toolbox

Advice for sales teams, entrepreneurs Pages 10-11

Big Day at the Lake

One for the record books Page 27

Nominations for Top Women now open Nominations for Business Today’s 11th Annual Top Women in Business leadership awards are officially open.

The prestigious awards honor the Golden Crescent’s most dynamic women in business, community service, education and politics.

HOT PROPERTIES

Pages 24-25

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Online nomination forms are at BusinessTodayNC.com To be eligible for this awards program, women should own a business or work in Cabarrus County, Lake Norman or University City.

Prior winners include Cyndie Mynatt, owner of the Con-

cord-based Ben Mynatt auto dealerships, Abigail Jennings, president of Lake Norman Realty, based in Cornelius; Kate Gaither, owner of Mooresvillebased Newport Properties; Georgia Krueger, director of the Ada Jenkins Center in Davidson; Dianne Snyder, chan-

cellor of Cabarrus College of Health Sciences; Deborah Young, founder of Deborah Young Studio in Cornelius; and Phyllis Wingate, CEO of Carolinas Medical CenterConcord.

The awards have a tradition of recognizing career achieveSee TOP WOMEN Page 15

RECORDS Transactions Cabarrus 16 Mecklenburg 16 Mooresville 18 Foreclosures Cabarrus 18

www.businesstodaync.com

Mecklenburg 19 Mooresville 19 Corporations Cabarrus 19 Mecklenburg 19 Mooresville 23

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Tax credits, the sequel

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

NEWS INSIDE

Business Today

2 August 2015

Reduced film credits still help retain some production jobs

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Payzer, LLC, a Charlotte-based mobile and cloud-based financial technology platform raises $4.2 million growth equity financing from Grotech Ventures and Route 66 Ventures with Scale Finance support T1Visions, LLC, a Charlotte-based provider of large format, multi-user touch screens, acquires Cenique Infotainment Group with Scale Finance part-time CFO and transaction advisory support Travel Resorts of America, Inc, operator of RV membership resorts on the east coast, secures $10.0 million debt financing from First Bank with Scale Finance support Competition Accessories, based in Rock Hill, merges with Cheap Cycle Parts to form an industry-leading ecommerce provider of motorcycle gear, parts, and accessories with Scale Finance support RANDA Solutions, Inc, a leading educational software company, closes $5.0 million in growth capital through Fulton Financial Corporation, with Scale Finance support

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By Dave Friedman In 2011 Justin Goff was honored at a White House ceremony for making the Empact 100, which recognizes entrepreneurs under the age of 30. His company, Innocinema, provided production tools to the film industry from their offices near Northlake Mall. Business was booming and his family was thriving.

He did not want to move away from Charlotte, his home, but he has taken Innocinema to Atlanta.

Three years ago Goff told Business Today that if the Film Production Credit was not renewed, it would kill the film industry here, and force him to relocate. He spent time in Raleigh lobbying legislators, and quoted numbers from the Charlotte Regional Film Commission that indicated the industry had brought $1 billion into the state since 2007. A UNC-Charlotte study on the economic impact of films, video productions and distribution, looked at the year 2008. It found that the 16 county Charlotte region had benefited to the tune of 1,398 full-time equivalent jobs thanks to the industry.

It's a tear-jerker for sure, but the General Assembly opted not to renew the credits, and major productions like Homeland and Banshee left, and Innocinema is now located in the Atlanta suburbs. Goff, who didn't want to relocate, is perplexed.

“The credits are 100 percent of the reason we moved,” said Goff. “The irony is I don't see any money from those credits. I work in equipment sales. I need people who use the credits to come into the state. When they don't come, I don't have any clients.”

N.C. Rep. John Bradford, who is in the first year of his first term, said there is really "no impetus to take up the matter again."

According to Bradford, the Film Production Credit had a major flaw: The positive effects of having productions in the area weren't permanent.

“For every dollar we give in credits, that is the taxpayer's money, and we need to get a return,” said Bradford.

“The challenge for the film industry is that it is hard to quantify the returns.

Jobs come and go. They aren't setting up a studio where they have full-time employees that are here every day.

There's no good data.”

Bradford said he'd fight for the film industry, just as he would any sector, if the return was full-time jobs. He suggested job incentive grants and infrastructure money are available for anyone that wants to build a studio.

While the credits, which had a $20 million cap per project and could be used by as many films that qualified each year, were discontinued, a $10 million credit per year with up to a 25-percent rebate was approved.

To some degree, the smaller carrot is helping to keep the industry alive in the state.

"Late in the Season," an independent film directed by Gary Hershberger, got $1 million in incentives and is expected to shoot in Charlotte and Davidson.

CBS's Under the Dome received $5 million for its third season in Wilmington. A Lionsgate project was approved for $4 million for a production in Western North Carolina.

Charlotte Regional Film Commission Director Beth Petty says that the change in policy has forced a shift in the work she does.

“We're optimistic state-wide and want to continue to showcase and educate about the value of films,” said Petty.

“Now we are focusing on smaller projects and commercials.”

She admits that Goff is not a one-ofa-kind situation, and while lobbying efforts continue, without a change in policy, some people are forced to make difficult decisions.

“Everybody would like to sleep in their own bed, but you have to go where the opportunities are,” said Petty.

Business Today

August 2015

Craft beer really is golden for local start-ups, entrepreneurs When Bottled & Tapped opens in Cornelius in the next few weeks, owner Dan Johnson will be fulfilling part of a dream. His new craft beer and bottle shop gets him a step closer to some day opening a micro-brewery.

“We like Cornelius in general because of the proximity to the lake. This shop is about the right size, the traffic in terms of just being noticed is good and it is a cool place,” says Johnson.

In Concord, on a much larger scale, Cabarrus Brewing Co. will start brewing craft beers in a 15,000 square foot space on the grounds of the historic Gibson Mill. Owners Steve Steinbacher and Keith Griffin hope to open to the public in early 2016. They’ve signed a 10-year lease. Total investment is on the order of $1 million.

A recent study of the U.S. beer industry’s contribution to the national economy, says 49,000 people are directly employed by brewers and beer importers. Overall, the beer industry contributes about $252.6 billion in economic output which is equal to about 1.5 percent of the U.S. Gross Domestic Product, according to “Beer Serves America,” which was prepared by John Dunham & Associates for the National Beer Wholesalers Association and the Beer Institute.

Suppliers to the brewing industry— enterprises that manufacture bottles and cans, cardboard boxes, brewing equipment and marketing displays— generate more than $83.17 billion in economic activity and are responsible for more than 383,190 jobs alone, according to the study.

But the total number of brewing facilities has grown by 2,290 in two years – most being very small brewers or brewpubs, according to the John Dunham & Associates study. At the same time large and regional brewers account for about 70 percent of total employment, roughly the same as in 2012.

The micro-brewing business is booming, with craft brewers comparing the trend to the rapid growth in small farmto-table agriculture operations, and the buzz that goes with them.

Forty nine-year-old Johnson was born and raised in Colorado—Mecca in the craft brewing world—and spent most of his career in construction and

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construction consulting, and brewed beer at home for years.

So when he and his wife Shelly Stevenson were looking to start a new chapter in their lives, they came to Charlotte. “We looked everywhere, Charlotte, Weddington, Pineville, Matthews and Mooresville,” Johnson says.

Johnson and Stevenson are spending $50,000 to open Bottled & Tapped in an intimate 1,000 square foot space.

If you get the feeling there are a lot of beer establishments on the way, you’re right. The City of Concord has just clarified rules and zoning requirements to accommodate a growing wave of microbreweries and small wineries.

According to the U.S. Brewers Association, overall beer production grew just .5 percent last year. Craft beer consumption grew 14.6 percent in 2014.

“North Carolina is getting where Colorado has been,” Johnson says. “Critical mass is happening, where people become sophisticated about the product, and where people push the frontiers of beer.”

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Business Today

4 August 2015

New tax administrator in Cabarrus County

The Cabarrus County Board of Commissioners appointed Robert “Eddie” Mitchum as Cabarrus County Tax Administrator. He replaces Jeffrey “Brent” Weisner, MITCHUM who retired July 31, for the remainder of the unexpired term, through Aug. 8, 2017. Mitchum is a native of Cabarrus County with nearly 40 years of tax experience. Earlier this year, Cabarrus County began a revaluation process that will continue through 2016.

Notes New Weichert Affiliate

LKN Partners Real Estate in Mooresville is a new Weichert Realtors affiliate.

It is independently owned and operated

by Christie Krantz.

NC Downtown elects Diane Young president Andy Yates ‘Rising Star’ in national publication Andy Yates, senior partner of Red Dome Group, has been named a “Rising Star” in the political campaign world by Campaigns and Elections magaYATES zine. Yates managed NC Rep. Charles Jeter’s closely watched campaign last year. Below is part of a Q&A with Yates from Campaigns and Elections www.campaignsandelections.com C&E: How do you become a self-made consultant?

Yates: It’s getting to learn from people in the business. My first race as a

staffer was Congressman Robin Hayes’ (R-N.C.) reelection in 2002 when we were one of the top targets of the DCCC. I’ve since had a chance to work on races at every level. I’ve done everything from small town city council races to working on the Super PAC for Ben Carson’s presidential campaign…

C&E: What’s your advice for aspiring consultants?

Yates: The single best piece of advice that I’ve gotten was from Jack Hawke and that was that it’s just as important who you choose not to work with as who you do choose to work with. One ethically challenged candidate can bring down all of your hard work. The second piece of advice: don’t get discouraged if you’ve done everything you can and the race didn’t turn out the way you wanted it to…

Sim Frazier joins Cabarrus CVB

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Sim Frazier is the new leisure sales manager at The Cabarrus County Convention and Visitors Bureau.

He will promote and sell Cabarrus County as a destination for moFRAZIER tor coaches as well as social, military, educational, religious and fraternal groups and car clubs. Frazier, who has a background in cellular phone sales and service, is a graduate of Wilkes Community College.

Montambo joins BB&T

Ryan Montambo, a veteran Lake Norman area banker, has joined BB&T as a small business development officer covering North Charlotte, Lake Norman and Statesville. He MOTAMBO works out of BB&T's office on Plantation Ridge Drive in Mooresville.

Diane M. Young, executive director of Concord Downtown Development Corp., is the new president of the North Carolina Downtown Association, which works at “the creative intersection of the public and private sectors to enYOUNG hance downtowns as cultural and economic centers throughout the state.”

Dakeita Johnson reappointed to RCCC Board

The Rowan-Cabarrus Community College Board of Trustees has announced the reappointment of Dakeita Vanderburg-Johnson of Concord to the College’s board. Vanderburg-Johnson was recently reappointed

by Governor McCrory to serve on the board through 2019.

Vanderburg-Johnson has served as a RowJohnson an-Cabarrus trustee since September 2011. She currently serves as chairman of the Legislative Advancement Committee.

Recently, Vanderburg-Johnson oversaw the successful 2014 Bond Referendum as chair of the bond campaign.

Adam Eberhart joins Master Title Agency

Adam Eberhart has joined Master Title Agency as marketing representative in the Charlotte region. He will develop the company’s business relationships and opportunities with real estate EBERHART attorneys and law offices throughout the greater Charlotte region. Prior to joining Master Title, Eberhart worked for five years in marketing and sponsorship development for the Community Blood Center of the Carolinas.

Master Title is part of Allen Tate.

Business Today

6 August 2015

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Elizabeth Anne Dover, 30, is doing exactly what she wanted to do when she grew up. She's a full-time farmer, flirting with break-even, selling her product, from Cherokee Purple tomatoes to wine, at farmer's markets all around Charlotte.

"We just have to get bigger," she says.

She plants 10 acres on Hwy. 29, just north of the Speedway and south of Christy’s Nursery. The name of the business is hip and market-savvy: The Farms at Dover Vineyards. Her staff members run booths at various farmer's markets ranging from NoDa in Charlotte to downtown Davidson and Rotary Square in Concord. Bottles of wines made from Chambourcin, a French-American hybrid, run $20.

"The ROI for wine is about 10 years," she says.

She expects to be profitable in about four years. Of course, having family farmland helps the financial picture, as does the former Dover family grocery store on West Cabarrus Avenue where she can sell her wine.

"No farms out there are making a killing. The whole point out there is to preserve the farming way of life," she says.

Competition is fierce. Big commercial farms and agribusiness operations can produce more at a lower cost—one reason most grocery store tomatoes have that tasteless pink-yellow variety. Then, too, hobby growers undercut everyone's prices, but they come and go.

"They sell tomatoes for $1 a pound...but the real cost is $2.50 to $3 a pound," Dover says.

With a drought officially settling over the region, farmers are tweaking their

product lines—and irrigating more—to maintain production the best they can.

But it will affect quality, quantity and price.

Brent Barbee of Barbee Farms on Shelton Road, said he is pumping a lot of water from seven wells right now on his 70 acres, adding that everything they plant has to have irrigation. Crops like tomatoes and bell peppers will use as much water as you can give them daily with the irrigation equipment they use.

“So it’s pretty much turn it on and leave it on,” Barbee said.

The drought has not made a big dent in product production, Barbee said, but it has made a dent on their bottom line at the farm because of the costs associated with running the wells for irrigation as opposed to free rain water.

“We’ve got two wells hooked to one power service and last month that power service was at $350 just to pump two wells,” he stated. “But then again you can have too much rain. My great grandfather always said, ‘A dry year will always worry you to death, a wet year will bust you.’ And that’s pretty much close to the truth.”

Barbee picks corn as-needed and squash, zucchini and tomatoes every other day. They grab product out of the cooler to stock in their own store or to take to farmer’s markets, grocery stores like Lowe’s Foods and Harris-Teeter and to local restaurants.

“That’s something we just started this year and it’s been a really good relationship,” Barbee said of his partnership with grocers.

Anna, Tommy, and Brent Barbee of Barbee Farms in Concord.

Business Today

August 2015

Cabarrus County

RCCC and community leaders confab on downtown Kannapolis

The recent Rowan-Cabarrus Community College summit with North Carolina Research Campus representatives, the mayor of Kannapolis and community members centered on NCRC’s and RCCC’s pivotal role in the growth and development of the campus and downtown Kannapolis.

Mayor Darrell Hinnant said he envisions downtown Kannapolis as a mixeduse destination with living, dining and entertainment options. The city has hired DFI, the company responsible for successfully revitalizing Downtown Durham, to develop an overall plan for downtown Kannapolis.

The city is also planning a conference center as part of the new Kannapolis municipal center and police headquarters.

Clyde Higgs, executive vice president at the North Carolina Research Campus, said the NCRC will be “ground zero for all things nutrition, agriculture and human health.” Economic spillover outside of the campus already includes “PreGel,

Gordon Foods and S&D Coffee and Tea choosing the campus to conduct various research.”

Dr. Nicholas Gillet, director of the Dole Nutrition Institute, spoke on the importance of Dole’s work at the research campus.

“We are not just a company that sells things; we care about people’s health,” said Gillet. “Beyond education, we do our own research – very cool research that makes it exciting. We are also involved with many collaborative studies here at the research campus. Every one of us has open positions, for every Ph.D. you need a team to support their work. Everyone is recruiting, everyone needs more scientists, and that means more biotechnologists.”

Dr. Mary Ann Lila, director at the Plants for Human Health Institute, was present as well and spoke on how research is not solely based on nutrition, but on the ways foods can help reduce the symptoms of chronic disease.

The City of Kannapolis has a brand new planning department, a reflection of the growth that is expected ahead. Benchmark Planning, an outside consulting firm, had conducted the town’s planning business, including code enforcement, since the 1980s, according to Kannapolis spokesperson Annette Privette Keller.

The new in-house municipal department will cost about the same per year— roughly $750,000—as the old Benchmark relationship. But with the population expected to jump from about 44,000 right now to 50,000 in five years, along with

a bustling economy and the rebirth of downtown Kannapolis, it made sense to have a full-time, in-house planning department, said Mike Legg, city manager.

There were roughly 400 new building permits last year, and that number is expected to climb. “Part of the equation is rebounding growth,” Legg said.

“We get more value [in-house] because we were paying essentially for parts of people. We weren’t getting 100 percent of one person, we were getting parts of different people,” he explained.

City of Kannapolis establishes in-house planning department

Cabarrus named a 2015 top 10 Digital Counties Survey winner The Center for Digital Government (CDG) and the National Association of Counties recently released annual survey results that highlighted the communities with the best technology usages to boost governmental efficiencies. In it’s population category, Cabarrus placed seventh.

Since 2012, Cabarrus has ranked in the top ten in this survey.

The CDG seeks to build global research capacity, to advance practice, and to strengthen the network of researchers and practitioners engaged in building and using technology in government.

Their survey identifies the most innovative, pioneering and effective uses of technology in county governments.

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You CAN Take it with You! Business Today is as mobile as you are. Download mobile versions of each issue by visiting our web site: www.BusinessTodayNC.com

7

Business Today

8 August 2015

Cintra hints of possible legal action against critic of toll plan

By Dave Yochum The fight against the plan to widen I-77 with the help of a company whose roots are in Spain continues to escalate, with a lawsuit, another bill in Raleigh and even the threat of legal action against someone who has spoken out against I-77 Mobility partners, the new entity that will build the 26-mile, $650 million project.

Meanwhile, some more recent players in the anti-toll movement who are weighing in against this particular P-3 or public-private partnership are also saying some type of tolling may be appropriate to manage growthdriven congestion on HETTWER I-77.

From Exit 23 to Exit 36, I-77 functions as a local road for business conducted within Lake Norman.

Business leader John Hettwer, the owner of Payroll Plus at Exit 28 in Cornelius, said he believes Cintra, the company owned by Ferrovial in Spain, has been less than forthcoming around their own business practices.

Here it gets interesting.

Diane “Dee” Gilroy, a Spanish professor at UNC-Charlotte, said she researched Spanish newspaper articles online. She said she found evidence of bribery in Ferrovial’s business practices elsewhere, which would apparently ne-

PUCKETT

gate the possibility of doing business with the NCDOT. Here is part of what she wrote to NC Attorney General Roy Cooper: “The NCDOT deliberately concealed criminal information and manipulated the outcome of the vote on this toll lane project. Politicians would not have voted for this project if they were aware of all of the criminal proceedings against Ferrovial/Cintra. If this is the case, a criminal investigation into the NCDOT should take place immediately. The entire organization would need to be restructured and top individuals should be removed from the NCDOT. Criminal hearings against NCDOT officials should take place.”

Of course, former NC Transportation Secretary Tony Tata resigned last month, rather “abruptly,” according to NC Rep. John Bradford, a Republican from Cornelius.

I-77 Mobility partners is less than thrilled with Ms. Gilroy, whose husband, Dave, is a prominent businessman in his own right—Scale Finance—and the first member of the Cornelius Town Board to cry wolf on the Cintra deal.

Cintra sent this statement to Business Today: “The allegations of GILROY systematic corruption made in the letter from Ms. Diane Gilroy dated July 12, 2015 are absolutely and categorically false,” said Patrick Rhode, United States Vice President of Corporate Affairs for Ferrovial. “Furthermore, we have fully complied with all of the various disclosure requirements throughout the multiple-year procurement process for the I-77 project. As a result of the severity and falseness of these allegations, we feel compelled to consider all appropriate legal action in respect of this matter.”

The statement was provided by the director of corporate affairs for i77 mobility partners, Jean Leier.

The issue is on the NCDOT’s radar.

Spokesperson Jordan Baker said this: “At this time NCDOT believes that I-77 Mobility Partners and all affiliated companies accurately completed all forms and fully disclosed all items in the I-77 Express Lanes contract process.”

The I-77 Express Lanes project was

unanimously approved and requested by the local transportation planning organization. NCDOT says it is delivering the project that local planners developed, recommended and still support, along with the Charlotte Chamber of Commerce, “based upon the fact that this project will offer drivers more choices for reliable travel time, and help manage traffic on one of the state’s most congested corridors for people and freight.”

Of course, many local businesses, including the Lake Norman Chamber, want to stop this particular P3 plan in its tracks. For one thing, it prevents easy onoff between the toll lanes and Catawba Avenue in Cornelius, which has been dubbed the “Main Street” of Lake Norman by members of the Lake Norman chamber.

Under the agreement with Cintra/ Ferrovial, NCDOT is investing $95 million directly in the I-77 Express Lanes project, and an additional $145 million in “bonus” transportation projects for a total $240 million investment in the region.

The estimated cost of adding simple general purpose lanes from where the bottleneck begins south of Exit 23 to Mooresville was only $100 million. Of course, with growth, they would likely fill to capacity in a matter of a few years, so tolls, in theory, actually do manage congestion.

But Cintra/Ferovial P-3’s have had their share of difficulties. The Commonwealth of Virginia will write off $260 million paid to another Cintra undertaking—US 460 Mobility Partners. And in Indiana, ITR Concession Co. LLC filed for Chapter 11 protection in U.S. Bankruptcy Court in Chicago. ITR is also controlled by Ferrovial and an Australian

investment bank.

Hettwer says the $100 million figure that has been cited BRADFORD as the cost of canceling the Cintra deal here was pulled from thin air. “It could be zero,” he said, pointing to the possibility of incorrect documents underlying the NCDOT contract.

Meanwhile, people like Hettwer, WidenI-77 founder Kurt Naas, who has doggedly fought the Cintra plan for three years, Mecklenburg County Commissioner Jim Puckett and anti-toll leader John “Mac” McAlpine V are meeting on a regular basis to map battle strategies in what has morphed from a citizen war to a business war against the Cintra/Ferrovial-NCDOT plan.

On the legislative front, Bradford is running a floor amendment in the NC House that would redirect monies from Gov. McCrory's proposed transportation bond package to terminate the current contract with Cintra and install general purpose lanes from Exit 23 to 36.

David Hartgen, a retired professor of transportation at UNC-Charlotte, says the negative economic impact over the life of the 50-year contract with Cintra is devastating. He pegs it at $30 billion, in terms of lost opportunity, and negative impacts on real estate values when the cost of doing business is lower outside of Lake Norman.

As reported in Business Today in June, there was no economic impact study done on the I-77 toll plan.

Newsmakers Breakfast Aug. 13 with Kurt Naas, founder of WidenI77.org Call 704-895-1335 to RSVP

Business Today

August 2015

9

Business Today

10 August 2015

Small Business Toolbox Sales Software: Build a Bridge not a Barrier Sales related software is a foundational aspect of the culture and capacity of a company today. It can bring efficiency, internal collaboration, relationship management, and a clearer view of the whole operation to all employees, leaders and decision makers. But if the software chosen, or the way it is implemented is not effective, it can create unbelievable dysfunction. Because it can act as the lifeline to an organization, it deserves careful consideration to determine what it is you want it to do for you, and needs to be implemented properly for its full effectiveness to be achieved.

I once had a customer who used a small black book kept in his back pocket to record sales and collections; he told his banker he was just not good with computers. He had the corner on his single product consumer commodity market in his state. His customers were large and small and located all over-only he knew exactly who they

were at any time; he gave hand writ- electronic records as a way to manage ten reports to his accountant-and never operational accuracy and efficiency, the needed a banker for a loan. After multi- father viewed it as unwanted record ple decades at the helm a son took out a keeping. All employees need a single loan, purchased the business, installed view of what you want to achieve with computers, updated opthe software you choose. erations and started to Another customer move the company forcreated their own ward; steady sales volsales management ume continued without tracking and monitoring a snag. processes using spreadUntil it was discovered sheet software alone. It the reason for the fawas simple, a bit crude, ther’s black book was seand it worked fine for crecy. The son received their small company. It his first tax bill and was could not grow well with horrified-taxes due were them if they expanded far higher than historibut was cost effective for cally owed given similar a long time in their view. sales levels. When the Everyone learned it, evson approached the faeryone used it faithfully, CHERYL KANE ther about the dilemma and as long as it was the father, disgruntled, backed up consistently, it replied, “Well, why in the world did you supported them for the limited purposreport all those sales?” The son viewed es they wanted it to perform: revenue, collections, basic operational ratios, closed sales tracking, and period to period comparisons. They prospered and purchased more sophisticated customer relationship management software when they were ready, learned to use it faithfully and prospered more.

Another well-established customer wanted to grow large fast and thought the best way to help do this was to buy the most current agile operation and customer relationship management system available up front, not buying it in components as they grew but the whole complete package, all at once.

Taking on a “loan to finance” the purchase they ‘saved money’ by not buying the staff training from the vendor and demanded employees learn it on their own. They were paying for far more capacity than they needed at the time; staff learned at uneven rates and created unauthorized and undocumented changes in the software to make it do their work ‘the old way’ which prevented the system from working properly; departments never developed standardized interactive data sharing; customers’ files were treated differently between departments. All of this created a morass of information with no way to obtain accurate, efficient reports

Sellers Market

without much redundant manual effort.

Delayed access to reliable information angered staff, handicapped sales professionals, frustrated customers, and allowed the owner to make decisions that turned out to further disrupt the company.

Where to start? Thoroughly identify what you want to accomplish overall (how will this assist your company to grow, expand, or be competitive), what you want to be able to achieve between internal departments, and how much interface with external relationships you want to conduct.

Here’s a checklist to start the conversations you will need to have. What do you want and what will you need to consider?

• Sales pipeline management • Sales professional effectiveness measurement • Departmental collaboration • Operational productivity • Interface capacity with other organizational software • Customer relationship management • Customer access and/or self-management of their records • Owner views of ROI in various organizational segments • Vendor interface • Comprehensive training processes needed • Data ownership, storage, and accessibility • Security access, upgrades, and desired confidence • Data transferability between systems • Expansion capacity in the future • Software ownership or leased expertise Know what you want, use strategic planning processes to define your direction and weigh options, then be thorough in your selection and implementation processes. Make your decision one that fits your company, builds strong vision and cultural acceptance, and supports your goals.

Cheryl Kane, MBA, is a strategic business consultant specializing in service quality. Cheryl welcomes your communication at (704) 795-5058 or through her web site, www.cherylkane.net.

Business Today

August 2015

Small Business Toolbox

Is it time to swat SWOT?

As we are two months into the sec- opportunities, you are missing what efond half of the year for most business- fective strategy is all about. Additionally, es, savvy business owners are already coupled with a review your strengths, planning for the year ahead, along with what are the biggest opportunities to lecontinuing to look three to five years verage or set you apart from your comahead strategically. For decades, the petition? norm for situation analysis A = Advantages: Too within a business plan and often businesses will constrategy is to use SWOT fuse strengths with advan(strengths, weaknesses, tages when advantages reopportunities, threats) as a ally haven't been identified basis for making strategic at all. This is where comdecisions and prioritizing petitive analysis and maraction. Too often, howevket analysis play a pivotal er, specifically the weakrole. Through assessing nesses and threats are not both, you can then overlay effectively explored or unyour list of strengths and derstood as they relate to your opportunities to narthe business, resulting in row down which pose the missing opportunities and greatest potential for straover-estimating perceived tegic positioning, preferSHERRE DeMAO strengths. ence, and next-level return SOAR vs. SWOT: on investment.

The focus of a SOAR preview is in the R = Reach: Where you are aiming present as it relates to the future. The is only as good as who you are aiming problem with SWOT review is it tends to reach as customers of your business to focus on the present as it relates to and employees of your business. As the past, which can sometimes make your business grows, both are equally it difficult for people within your com- important as one can break the other if pany, including you, to move forward. poor focus, intentions and expectations SOAR is proactive and this is where it are undermining your efforts. I am a gains merit for me as an alternative to huge believer in niches and targeted fothe stale SWOT approach. cus when it comes to ideal profiling of S = Strengths: Reviewing your your target markets. This also means strengths is, of course, critical. Truly ideal profiling your target employees, knowing your strengths is another sto- vendors, and suppliers to ensure that ry. Perception can sometimes not be what you set out to deliver will indeed the reality. Validate your strengths as a be exceptional and preferred. company and as a leader from vendors, As John Owens, author of the book, customers, employees, and trusted col- Corporate Cure, where this concept of leagues. Consider what you uniquely SOAR versus SWOT is introduced statset out to do within your business and ed, "By focusing on SOAR, you are takask yourself if this is still a strength ing your strategy to the next level. You today or if it has become a commodity are not just doing a situation analysis with others doing it as well. Consider based on where you are currently; you every strength that helps you operate are looking at where you expect to go in your organization effectively, serve your order to soar your business to greater customers exceptionally and keep your heights in market share, sales profitabilteam members happy and productive. ity, loyalty …"

O = Opportunities: This is where Consider how shifting from a SWOT you should really be rolling up your review to a SOAR preview can help your sleeves. Some of the greatest opportu- business grow to its next level. nities that businesses have uncovered to take them to the next level were in Sherré DeMao is the founder of SLD reviewing any weaknesses or threats Unlimited Biz Growth Inc. based with a mindset of potential opportuni- in Denver. DeMao can be reached at ties in disguise. If you just acknowledge 704.483.2941 or sherre@sldunlimited. a weakness or threat, and don't explore com. them from a standpoint of solutions and

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11

12 August 2015

Uwharrie reports gains in second quarter July 24. Second-quarter net income at Uwharrie Capital Corp and its subsidiary, Uwharrie Bank, climbed nearly 11 percent this year vs. last. For the three-month period ended June 30, the financial institution earned $660,000 compared to $596,000 for the same period in 2014, a 10.74 percent improvement. Also for the second quarter of this year, net income available to common shareholders was $513,000 vs. $449,000 during the second quarter of 2014.

Consolidated total assets at June 30 of this year were $515.8 million vs. $518.5 million at year-end 2014.

Net income for the six month period ended June 30, 2015 was $1.3 million compared $1.1 million for the same period in 2014, a 18.18 percent improvement. For the six months ended June 30, 2015, net income available to common shareholders was $1 million, compared to $840,000 for the first half of 2014.

Second-quarter net at blueharbor fell as new Statesville branch opens July 10. Mooresville-based blueharbor bank says net income during the second quarter ended June 30 was $174,743, compared to $302,076 during the same period last year. For the first six months of this year, the bank reported net income of $353,220, compared to $545,593, for the six months ended June 30, 2014.

CEO Jim Marshall said income levels were in line with expectations in light of the bank’s expansion into the Statesville market. “The office opened a couple months later than we anticipated so we had those fixed expenses without the earning assets to complement. We are very pleased with our reception in Statesville and traction is gaining each month with solid loan and deposit relationships,” Marshall said.

Gross loans increased 9 percent, from $112.2 million at the end of last year, to $122.3 million at June 30. Total deposits have increased 5.6 percent to $113.0 million during the same time period.

The bank, with $144.4 million in assets, has branches in Huntersville and Statesville as well as a loan production office in Gastonia.

NEWS - e

Evernham: Toll planners should be ‘ashamed’

July 15. Opposition to the I-77 toll plan continues to gain speed. Major voices in the motorsports community are speaking out against the $650 million plan to widen I-77 with a public private partnership.

As reported in BusinessToday’s July print edition, Humpy Wheeler opposes the current plan. Another major voice in the motorsports community, Ray Evernham, said the project has been “mismanaged, miscommunicated and is not in any way, shape or form fair to the residents, taxpayers and users of I-77.”

He said the “team that negotiated this deal should be ashamed and held accountable.”

Greg Wallace, son of racing legend Rusty Wallace and an executive in his own right, said “simply put, the Lake Norman region and its business community—of which our motorsports industry is a large part—cannot withstand the negative long-term economic effects of the toll lanes project.”

Wallace will be sharing his sentiments at a meeting tonight of the Charlotte Regional Transportation Planning Organization (CRTPO).

A 30-day public comment period for the 2016-2025 draft Transportation Improvement Plan began July 1. CRTPO will vote on the plan at its Aug. 19 meeting. The proposed plan, of course, does not include general purpose lanes for I-77 from Charlotte to Mooresville, but it does include four additional toll

projects 77, 485 and 74. While it is a regional transportation authority, the CRTPO is dominated by Charlotte interests.

This battle is a test of Lake Norman’s political strength against Charlotte’s.

Statements opposing the tolls will be provided by Wallace, Wheeler and Evernham.

Racing legends they may be, but they run serious enterprises—and they give money to political campaigns. Wallace is vice president of brand management and corporate communications for Rusty Wallace Inc. Meanwhile, high-level, toll-busting strategy sessions that include members of the Lake Norman Chamber, the racing community and local political leaders are being held at the chamber. It’s a sea change for the chamber which struggled with volunteer difference of opinion among board members.

NC Rep. John Bradford and NC Sen. Jeff Tarte called for business support to fight the toll plans seven weeks ago when Cornelius resident and motorsports employee John “Mac” McAlpine organized the “I-77 Business Transportation Summit,” a landmark event in Lake Norman history.

More businesses began to visibly oppose the common political wisdom this spring.

“I think this deal will turn out to be

Business Today

so bad, that it will be remembered among all the people who were in office at the time who allowed this to happen,” said former chamber Chairman John Hettwer, himself the owner of a leading Lake Norman business, Payroll Plus. “The business community in 2009, 2010, 2011 was struggling with the economy and we had confidence that our elected officials were making the right decisions,” Hettwer said.

Instead, political leaders, with the exception of people like Cornelius Commissioner Dave Gilroy and Mecklenburg County Commissioner Jim Puckett, were led down a particular path by the accepted transportation wisdom at the NCDOT. McAlpine said this: “We continue to educate, inspire and increase awareness of the negative economic impact the toll lanes will have on the Lake Norman and State economies.

We continue to gain business and political support to stop the project.”

A press release from the WidenI-77.org anti-toll group said now is the time to stop the toll plan. The NCDOT has put out the figure of $100 million to end the toll plan.

Meanwhile, business leaders are saying that is merely a position to thwart opposition.

“Given that Charlotte and the Lake Norman towns comprise the most populated areas of the state, it is unconscionable that general purpose lanes are not being proposed for our highways while the state plans to spend billions of dollars on rural highways,” said Vallee Bubak, a Davidson resident who has spoken out frequently for the WidenI-77 anti-toll group.

“I-77 is only two lanes through what is one of the state’s fastest growing areas and has for decades needed at least a third general purpose lane. For the safety of the public and our economic well-being, citizens are requesting that CRTPO not approve the draft TIP and add general purpose lanes for I-77 from exits 23 to 36. In addition, citizens oppose the use of taxpayer money for entering into 50-year contracts with private companies to collect tolls when for at least half as much money the state could build regular lanes.”

— Dave Yochum

Business Today

Continued from page 10

August 2015

NEWS - e

John Aneralla, incumbent Jill Swain file to run for mayor of Huntersville

July 10. It’s official: Both incumbent Jill Swain and John Aneralla have filed with the Mecklenburg County Board of Elections to run for mayor of Huntersville. Swain, who filed Thursday, may be tough to beat.

Swain is in her fourth term as mayor. She served four previous terms on the Huntersville Town Board.

During this time Huntersville has grown from 5,000 to 50,000 residents. Huntersville has also been recognized as one of the best places in America to relocate.

Investment advisor Aneralla has raised over $25,000 in campaign contributions and pledges since announcing his candidacy a month ago.

Swain said she has not raised any money.

“I am proud that we have announced two corporate entities choosing Huntersville as their headquarters this year and two corporate expansions. I have not raised one

cent,” Swain declared.

Aneralla is the founder of Bulldog Asset Management Inc., an investment advisory firm. Aneralla, his wife Nancy and their children have lived in Huntersville since 1997.

“I feel like I’m the underdog, but I will run a grass roots campaign,” Aneralla said.

Aneralla is a member of the Board of Trustees of the Local Government Employees’ Retirement System and the Teachers’ and State Employees’ Retirement System.

He said his top priority as mayor will be “establishing a vision and a plan for the Town of Huntersville that enhances the quality of life in our community” and creating a unique identity for the town.

Aneralla was one of the first local political leaders—he is the former former chairman of the Mecklenburg County Republican Party—to come out against the I-77 toll plan.

CommunityOne completes Certus acquisition in Lenoir June 28. CommunityOne Bank has completed its purchase of the Lenoir Branch of CertusBank. As part of this transaction, the bank assumed the customer deposits from both the Lenoir and Granite Falls branches of the troubled bank. The purchase expands CommunityOne’s network to 12 branches in the Caldwell and Catawba areas. It is the second largest community bank there.

“We welcome our new customers and

employees of CertusBank,” said Bob Reid, President and CEO of CommunityOne. “This acquisition is a natural fit for our company, as we continue to look for opportunities to expand our footprint in key markets. We look forward to delivering a superior experience to our new customers in the Caldwell and Catawba areas and additional opportunities for our employees.”

Visit www.businesstodaync.com for daily news updates

13

Business Today

14 August 2015

RACING

from page 1

WALTRIP

outline of what looks like a deal where one of MWR’s race teams moves over to Concord-based Chip Ganassi Racing.

Although it leaves some employees at the Cornelius operation up in the air, when layoffs occurred after the notorious MWR

cheating incident, those who were let go were said to be well-treated.

Kaufman is purchasing an ownership piece of Ganassi, which was a surprise to some employees. In the world of motorsports, owning two separate racing operations that compete against each other is not how it works, just like the owner of the Yankees doesn’t also own the Atlanta Braves.

“What we’re really doing is integrating the businesses, trying to get the most competitive product on track, do the best for all of our partners. It’s a competitive business. … It’s competitive on track as well as off track,” Kauffman said.

Kauffman, a car and racing buff on a grand scale, invested on the order of $50

million in Michael Waltrip Raceworld during tough times in 2007.

Kaufman is a founder of Fortress Investment Group; at one time Forbes magazine pegged his wealth at $1.8 billion.

Given the massive cost of mounting serious race teams, consolidation efforts are inevitable. With buildings, equipment and massive duplication from shop to shop, the value of the enterprise is in sponsor contracts. If those deals are shaky, there’s a lot at stake, from morale to cash flow.

Both Ganassi and MWR are two-car teams. There has been speculation that one of the MWR teams, namely Clint Bowyer, would move to Ganassi.

MWR has not renewed the Toyota contract, sources said. Sponsors Maxwell

KAUFFMAN

House and 5Hour would stick with Bowyer, leaving MWR short on sponsor fuel. The Aaron’s Inc. sponsorship is said to be up in the air right now.

“Every one knows the teams are under quite a bit of pressure. … On the business side, it is very difficult for the teams to maintain a sensible business model,” Kauffman said.

NASCAR, meanwhile, is looking at a different way to build long-term value in the teams that run deep. Franchises and licenses—comparable in some ways to a tax medallion in New York City—have been discussed. Kauffman has played a major role in the discussions as head of a coalition of race

team owners. The Race Team Alliance was formed last year to advance the long-term interests of race team owners. Kauffman is the chairman.

Meanwhile, employees at the big racing operation and tourist attraction across from the U.S. Post Office in Cornelius are dusting off their resumes and calling friends at other shops.

Commercial brokers in Cornelius say the MWR property—an old cinema multiplex—is not officially listed for sale.

The county wide 2011 revaluation pegs MWR’s property at $17.8 million.

In a statement, MWR said the companies will continue to operate separately and compete against each other for the remainder of the 2015 season. “They are also currently evaluating ways to field the most competitive race teams possible to provide an excellent platform for their partners and employees for the 2016 season and beyond. More details will follow in due course.”

Waltrip himself said his focus is on 2015 and “fulfilling the commitment we have made to our partners and Toyota which is placing our teams in the Chase for the NASCAR Sprint Cup. There are a lot of details yet to be sorted regarding 2016. I will work closely with Rob Kauffman and our sponsors to formulate the best way forward.”

Novant Huntersville layoff amounts to 15 positions

About 15 jobs at Huntersville Medical Center will disappear after Novant Health completes an organizational redesign. System-wide Novant is trimming 2 percent of its workforce with 400 people being laid off. The Huntersville hospital has 730 employees.

The Winston-Salem based health system reported profits of $201.7 million last year, down from $282.4 million in 2014. The biggest difference, however, was how the company's investments performed. In 2014 investment income was $39 million vs. $167 million the pre-

vious year.

“We must make sure our organization has a strong foundation that will enable us to weather the challenged climate currently facing the healthcare industry, ” said Novant spokeswoman Kati Everett.

Novant is working with impacted employees and matching them to open positions within the organization. “We are proactively positioning our organization for ongoing success in a challenging environment,” Everett said.

Business Today

OVERTIME

August 2015

15

from page 1

teams that stay in hotels and many of them highly entreopen up new stores. When preneurial endeavors, the they get back, we’ll give them sweet spot for good managsix days off. It’s not going to ers is anywhere from $35,000 work if we have to calculate to $50,000 a year. The Obama overtime every week. We plan would make them eligilose a lot of flexibility.” ble for overtime pay.

Employees that ask to work “You don’t go from making double-shifts one week so $8 an hour to $50,000 a year,” that they can have more flexsaid Goss. “Good businesses ibility during a different part operate by trying to take care GOSS of the month will also run into of workers. There are a lot of little steps along the way. Companies issues. The bigger problem might be are going to be forced to prolong hourly how businesses react to the new rules.

Howie Kaplan has worked in nearly pay. Few will go to salary.”

The arguments for the change get at every sector of the franchising industhe growing gap between the middle try. He runs Sea Tow of Lake Norman, class and the people at the top of the a marine towing franchise. He is fearful of what changing regulations will do to food chain.

According to the White House Do- franchise owners.

“You are forcing a nickle-and-dime mestic Policy Council, in 1975 60 percent of salaried workers were eligible mentality on small business owners,” for overtime. That number has dwin- said Kaplan. “No entrepreneur is ever dled to 8 percent of full-time workers successful with that mentality.”

Kaplan said the proposed changes are currently.

There is little debate over the fact that making a difference now.

“The government operates at 50,000 there are employees in the U.S. that are performing duties and working hours feet, but the impact is felt at 5,000 feet,” that should qualify for overtime, but said Kaplan. “I just ratcheted a borderGoss suggests the new threshold will line guy back to hourly pay. Now it is have a negative impact for both employ- going to be harder to move people up.

We’re going to have to toe the line a bit ers and employees.

“During the Democratic National extra.”

The Department of Labor is reviewConvention we fed the security personal, and people were working here ing the matter. After comments on the all night. After the DNC left, we gave a topic, the administration has the final week off to some employees to make up say and does not need approval from for the craziness,” Goss said. “We have Congress.

TOP WOMEN

from page 1

ment, community service and impact.

This year we are asking an essay question: “If I had to do it all over again, I would (fill in the blank)?”

Nominations close Sept. 2.

Judges include Cabarrus community leader Dakeita Vanderburg Johnson; Diane Honeycutt, one of the top Allen Tate Realtors in North Carolina and a Cabarrus County Commissioner; Cornelius business attorney Catherine Bentz; Uwharrie Bank Market Regional President Pat Horton; Corneliusbased closing attorney Cheri Thebeau; Tricia Sisson, co-founder of the Range at Lake Norman in Cornelius; and Robin Smith, co-owner of Lake Norman Chrysler Dodge Jeep.

All the judges are former Top Wom-

Pinpoint Your Prospects

en winners. There are no advertising quid pro quos.

Each year there is a Champagne Reception in honor of the winners, all of whom will be notified prior to this year’s event.

The reception and a mini business expo for women will be 6-9 p.m.

Wednesday Oct. 21 at River Run Country Club in Davidson.

We'll help you find targeted business marketing solutions with ads in Business Today

Contact Gail Williams - gail.todaypubs@gmail.com or Aimee Peer - aimee.todaypubs@gmail.com 704-895-1335 - www.businesstodaync.com

Business Today

16 August 2015

On The Record

THIS MONTH REAL ESTATE TRANsACTIONS . . . 16 FORECLOSURES . . . . . . . . . . . . . . . . . 18 NEW CORPORATIONS . . . . . . . . . . . . 19

REAL ESTATE TRANSACTIONS These are recent property transactions over $200,000 as recorded by the county Register of Deeds in Cabarrus, Iredell and Mecklenburg.

Cabarrus County 07/06/15 $410,000 North Carolina Railroad Company to Town of Harrisburg, Lots 6 & 7 of Harrisburg Industrial Park, Harrisburg 07/07/15 $300,000 Justin Willess to Chad & Annemarie Irons, 6425 Pharr Mill Rd., Harrisburg 07/07/15 $260,000 Charles & Janice Barone to Jonas & Brenda Gould, 557 Harrison Ave., Concord 07/07/15 $435,000 Joseph & Loree Anderson to William & Brooke Umann, 966 Aberdeen Ct., Concord 07/08/15 $290,000 Andy & Marie Hedrick to Clairesa Scales, 11623 Baystone Pl., Concord

07/08/15 $427,500 Barry & Leighann Cook to Timothy & Dawn Gallegos, 9872 Fontana Ct., Concord 07/08/15 $365,000 Lester & Delores Eller to Joel & Hope Stewart, 109 Partridge Bluff Dr., Concord 07/09/15 $325,000 Edwin & Edna Starnes to Riveroaks Land LLC, 770 Derita Rd., Concord 07/09/15 $375,000 Trenton & Courtney Whalen to Dennis & Dana Hale, 185 Hillcrest Ave., Concord 07/09/15 $356,000 Natasha Bower to Ann Mathis, 533 North Oak Dr., Huntersville 28078 07/09/15 $377,000 NVR, Inc. to Daemon & Angela Woods, 4211 Green Park Ct., Harrisburg 07/09/15 $363,500 JPO Peach Orchard, L.P., PTNRP to Travis & Rebecca Vander Kolk, 3765 John Boster Ln., Charlotte 28215 07/10/15 $378,000 MRECV-KW, LLC to Meritage Homes of the Carolinas, Inc., Lots 2-211, 2-215, 2-229, 2-230, 2-231 & 2-236 of Kellswater Bridge Subdivision, Kannapolis 07/10/15 $345,000 David & Lori Mariano to Aaron & Barbara Hussey, 3707 Bingham Dr., Concord 07/10/15 $315,000 Gary & Pamela Page to Robert & Donna Hensler, 5853 Colwick Ct., Concord 07/10/15 $257,000 JPO Peach Orchard, L.P., PTNRP to Donald & Baily Sumrell, 11516 Glowing Star Dr., Charlotte 28215 07/10/15 $1,750,000 CRP Properties, LLC to BMRS Realty, LP, PTNRP, Lot 1 of Carpenter Industrial Park, Concord 07/10/15 $865,500 Karen Tibbetts to Whitney

Pleasants, 5699 Stafford Rd., Charlotte 28215 07/10/15 $365,000 Thomas & Mary Shoupe to Annie Johnson, 2195 Wallace Rd., Midland 07/10/15 $425,000 NVR, Inc. to Mark & Crystal Berry, 4217 Green Park Ct., Charlotte 28075 07/10/15 $470,000 Parker & Orleans Homebuilders, Inc. to Thomas & Melissa Haggard, 1087 Matchstick Pl., Concord 07/13/15 $292,000 D.R. Horton, Inc. to David & Deirdre Maxwell, 1441 Overlea Pl., Concord 07/13/15 $369,500 D.R. Horton, Inc. to Alok & Preeti Sharma, 11163 River Oaks Dr., Concord 07/13/15 $319,000 D.R. Horton, Inc. to Marcus & Judith Samuel, 1463 Overlea Pl., Concord 07/13/15 $358,000 D.R. Horton, Inc. to Ashish Jhingran, 11139 River Oaks Dr., Concord 07/13/15 $279,000 Daniel & Calabro and William, Betzaida & Martha Welsch to William, Betzaida & Marth Welsch, 6565 Pharr Mill Rd., Harrisburg 07/13/15 $319,000 M/I Homes of Charlotte, LLC to Prashanth Menon & Pushpa Radhakrishnan, 1105 Sandy Bottom Dr., Concord 07/13/15 $420,000 NVR, Inc. to Shaun & Wendy Beane, 8521 Whitworth Ave., Harrisburg 07/14/15 $288,000 M/I Homes of Charlotte, LLC to Jonathan & Cory Grimshaw, 1261 Tranquility Point Ave., Concord 07/14/15 $253,000 Gerald & Diane Goodman to Micah & Autumn Kinnaird, 4179 Morris Burn Dr., Concord 07/14/15 $304,500 John Jordan to James & Nicole Harris, 702 King Fredrick Ln., Concord 07/15/15 $282,500 Kathleen Haw to Robert & Ivory Blakley, 2940 Jim Johnson Rd., Concord

More Cabarrus Transactions online at www.BusinessTodayNC.com

Mecklenburg County 7/8/15 $341,000 Shawn & Jennifer Actis to Victoria Wilson, 17721 Harbor Walk Dr., Cornelius 7/9/15 $258,000 Cheryl Neill to Emily Sherman, 18911 Cloverstone Cir., Cornelius 7/9/15 $351,000 Janis Greig to Steven & Christina Clarke, 8536 Sandowne Ln., Huntersville 7/10/15 $275,500 Michael McKenna to ColFin AH-North Carolina, 11732 Kennon Ridge Ln., Huntersville 7/10/15 $278,500 Dario Ramirez & Crystral Pedrero to Celia & Charles Van Wickel, 18544 Victoria Bay Dr., Cornelius 7/10/15 $420,000 David & Heather Tetzlaff to Cory Powell & Ella Vinson, 11930 Ulsten Ln., Huntersvlile 7/10/15 $178,000 Robert & Heidi Rozner to Michele & Ira Jr. Carlock, 18821 Silver Quay Dr., Cornelius 7/10/15 $895,000 John III & Barbara Dawkins to Priyesh & Hanill Patel, 18312 River Ford Dr., Davidson 7/10/15 $485,000 Vincent & Nancy Russell to Raymond & Laura Fisher, 21720 Old Canal St., Cornelius 7/10/15 $589,000 Gregory Bialek & Brent Crutchfield to Michael & Pamela Fabrizius, 18812 River Ford Dr., Davidson

7/10/15 $330,000 Stanley Lucas III to Brian & Edmee Hadcock, 19928 Catamaran Ct., Cornelius 7/10/15 $860,000 Adam & Brandy Hayes to Gary Cruikshank & Liane Lowell, 16815 Yawl Rd., Cornelius 7/13/15 $369,500 Donald & Judy Gundry to James III & Katherine Dunworth, 12616 Framfield Ct., Huntersville 7/13/15 $222,000 William & Jamie Jeffrey to Douglas & Jenna Lightody, 19115 Juanita Ln, Cornelius 7/13/15 $339,000 Douglas & Jenna Lightbody to Manjeet Bawa-Cavia & Amvdena Pereira, 16230 Grafham Cir., Huntersville 7/14/15 $390,000 John & Stacie Mounts to Steven & Theresa Kaake, 11909 Cupworth Ct., Huntersville 7/14/15 $285,000 David & Lee Jensen to Glenna Martin, 20019 North Cove Rd., Cornelius 7/14/15 $358,000 Douglas Jr. & Rachel Kirk to Christopher & Jillian Hansen, 14301 Tuxford Dr., Huntersville 7/14/15 $300,000 Terry & Ellen Bruce to Jennifer Wolski, 15822 Waterfront Dr., Huntersville 7/14/15 $127,000 Brett Stordeur to Korilynne Hodan, 17640 Caldwell Track Dr., Cornelius 7/15/15 $558,000 Micheal & Kerry Bettenhausen to Christopher & Kristen Brown, 503 Three Greens Dr., Huntersville 7/15/15 $360,000 George & Darlene Knab to Sean & Shannon Malone, 11322 Warfield Ave., Huntersville 7/16/15 $265,000 Stacey & Bobby Strong to Brian Resetar, 12920 Heath Grove Dr., Huntersville 7/16/15 $545,000 Kyle & Dena Jones to Joseph & Cynthia Gregory, 13339 Robert Walker Dr., Davidson 7/16/15 $294,000 William III & Jennifer Montgomery to Thomas Brolsma, 21104 Crealock Pl., Cornelius 7/16/15 $275,000 ZL Metz Homes to Richard & Jeffrey Scot, 14001 Old Vermillion Dr., Huntersville 7/16/15 $385,000 Fred & Judith Hochman to Nina Suddeth, Lot 66 A New Neighborhood in Old Davidson, Davidson 7/16/15 $425,000 Melissa & Matthew Hinman to Jorge Martinez & Soraya Gavino, 9815 Devonshire Dr., Huntersville 7/17/15 $420,000 Gary & Blanca Wright to Timothy & Dana Derylak, 10234 Edgecliff Rd., Huntersville 7/17/15 $418,000 Garfield & Debra Garland to Sean & Julia Quick, 14124 Bramborough Rd., Huntersville 7/17/15 $272,500 Lee & Laura Syria to John III & Fifi Ray, 9818 Penn Station St., Cornelius 7/17/15 $267,000 Benjamin & Emily Ray to Kevin Jr. & Catherine Oliver, 9614 Blossom Hill Dr., Huntersville 7/17/15 $235,500 MS Antiquity LLC to Seth & Sandy Bodgett, 21406 Old Canal St., Cornelius

More Mecklenburg Transactions online at www.BusinessTodayNC.com See TRANSACTIONS, Page 18

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Business Today

18 August 2015

On The Record

TRANSACTIONS from page 16

Mooresville 6/29/15 $495,000 Sean & Margaret Coyle to Ernest & Sherard Spangler, 144 W. Callicutt Trl. 28117 6/29/15 $343,000 Lennar Carolinas to Keerthi Rallapati & Emmanuel Prabhakar, 112 Serravista St. 28117 6/29/15 $570,000 Ansell & Deborah Osborne to Philip Page & Christine Davison, 116 McNaron Ln. 28117 6/29/15 $612,000 Peachtree Residential to Michael & Nicole Roth, 249 Cove Creek Loop 28117 6/29/15 $655,000 Jeffrey & Amanda Keith to Christopher & Alison Lapre, 505 Stonemarker Rd. 28117 6/29/15 $2,700,000 John & Lois Steed to Brett Buerk & Erin Sullivan, 185 Shelbourne Pl. 28117 6/29/15 $386,000 Joseph & Joann Dimola to Jeffrey & Amanda Keith, 198 Chandeleur Dr. 28117 6/29/15 $620,000 Paula & Thomas Monk to Melinda Dutcher & Bobby Kinser, 538 Canvasback Rd. 28117 6/29/15 $285,000 Adams Homes AEC to Mary Ann Haskett, 148 Nesting Quail Ln. 28117 6/30/15 $288,000 George & Maribeth Stewart to Paul & Tara Dye, 124 Harris Farm Rd. 28115 6/30/15 $442,000 Lakeshore Holdings to Linda

& Clark Moore, 128 Daventry Pl. 28117 6/30/15 $298,000 Alan & Lois Harwood to Joseph & Jennifer Harris, 1221 Mt. Ulla Hwy. 28115 6/30/15 $515,000 Marble Ventures to Douglas & Elizabeth Dugan, 150 Blue Ridge Trl. 28117 6/30/15 $250,000 NVR to Antoinette M. Litteer, 278 Almora Loop 28115 6/30/15 $325,000 Jerry & Valerie Horoschuck to David & Karen Fraleigh, 113 Alyah Ln. 28117 6/30/15 $276,500 Eric & Caryn Brown to Lillian & Ryan Littell, 227 Laurel Glen Dr. 28115 6/30/15 $250,000 Kate Williams to Brian & Kathi Landis, 145 Lockerbie Ln. 28115 6/30/15 $312,000 Harry & Alicia Kelly to Ryan Robinson & Sarah Noble, 133 Montibello Dr. 28117 6/30/15 $259,000 Lorraine Winterkamp to Dana & Barbara Balum, 166 E. Morehouse Ave. 28117 6/30/15 $342,500 Lennar Carolinas to Kristin Mink, 110 Flora Vista Dr. 28117 6/30/15 $599,000 Bryan & Brittany Barker to Michael & Stephanie McCarty, 296 Bayberry Creek Cir. 28117 6/30/15 $758,000 Laura Barnes & Sheila Truman to Stephen & Lydia Robinson, 918 Stoney Crest Ct. 28115 6/30/15 $485,000 Janet Leising & Brenda Atkins to Christian Chenier & Jennifer Andrews, 193 Yacht Rd. 28117 6/30/15 $1,000,000 Timothy & Cynthia Nooner to Greenbay Electronics, 192 Raceway Dr.

28117 7/1/15 $274,000 Peyton Davis to Chen Liu, 106 Runningdeer Dr. 28117 7/1/15 $297,000 Live Well Homes to Antonio & Jaime DeCicco, 138 W. Warfield Dr. 28115 7/1/15 $480,000 Meritage Homes of the Carolinas to Eden & Oliver Mangaoang, 140 Bells Crossing Dr. 28117 7/1/15 $380,000 Benjamin Gordon to Stephen & Joanne Cowin, 137 Isle of Pines Rd. 28117 7/1/15 $390,000 Crane Realty to Andrew & Jodi Morgan, 210 Buckingham Place Rd. 28115 7/1/15 $357,000 Lennar Carolinas to Curtis & Wendy Evans, 104 Yellowbell Rd. 28117 7/2/15 $336,000 Lennar Carolinas to George & Terri Auman, 116 Serravista St. 28117 7/2/15 $494.000 Meritage Homes of the Carolinas to John & Maria Kertesz, 128 Bells Crossing Dr. 28117 7/2/15 $620,000 Shelley & Phillip Edge to James & Jan Claborn, 528 Barber Loop 28117 7/2/15 $275,000 Wylie & Pamela Cossar to William & Sarah Mathias, 118 Gresham Ln. 28117 7/2/15 $449,000 Meritage Homes of the Carolinas to Frank & Elizabeth LaVecchia, 127 Leaning Tower Dr. 28117 7/2/15 $318,000 Eric & Phillis Mason to Ryan & Shelley Thomas, 309 Whipporwill Rd. 28117 7/2/15 $849,000 Ira & Gail Cox to Luis Chacon & Julie Beichler, 108 Kelly Cove Rd. 28117 7/2/15 $253,000 Brian & Christine Freeland to Sneha & Umesh Bandekar, 182 Silverspring Pl. 28117 7/6/15 $440,000 Thomas & Jamie Connotillo to Nicholas & Tresa Mendolia, 282 Corona Cir. 28117 7/6/15 $416,500 Epcon Mooresville to Linda & Thomas Campbell, 143 Brawley Point Cir. 28117 7/7/15 $605,500 Nancy Vince to Robert & Inez Kraus, 604 Beaten Path Rd. 28117 7/7/15 $322,000 Sean & Eva Schutt to Patrick & Maria McDonough, 175 Sandreed Dr. 28117 7/8/15 $1,650,000 HGST Group to 1744 Concord Lake Road, 796-800 River Hwy. 28117 7/8/15 $265,000 Kevin & Heather Forte to Tristan & Lauri Mares, 144 Castleton Dr. 28117 7/9/15 $425,000 Nicholas & Joan Guglielmi to Troy Matthew Blanchette, 258 Fernbrook Dr. 28117 7/9/15 $1,025,000 Robert & Cheryl Sweeney to Salvatore Zammitti, 117 Ewart Pl. 28117 7/9/15 $348,000 William & Shelly Sims to Gregory Yost & Julie Powers, 114 Lakeshore Dr. 28117 7/9/15 $358,000 Parker & Orleans Homebuilders to Thao Huong Thi Dinh, 124 Heron Cove Loop 28117 7/9/15 $675,000 Erwin & Joyce Gremmer to Thomas & Wendy Watkins, 123 Timberside Dr., Davidson 7/9/15 $335,000 John Koenig to Philip & Patricia Bochey, 267 Spring Run Dr. 28117 7/10/15 $385,000 Terry & Karen Tate to Shawn & Andrea Goodrich, 838 Cornelius Rd. 28117 7/10/15 $436,000 Jasper Builders inc. to Nicholas & Joan Guglielmi, 258 Fernbrook Dr. 28117 7/10/15 $400,000 George & Adrianne McKee to Herschel Farmer, 111 Yellowbell Rd. 28117

7/10/15 $1,253,000 Theodore & Susan Schultz to Peyton Wayne Davis, 110 White Horse Dr. 28117 7/10/15 $250,000 Janet T. Meadows to Frank & Jill Goode, 129 Honeysuckle Creek Loop 28117 7/10/15 $690,000 David & Lori Jessey to Christopher & Keri Norcross, 1709 Brawley School Rd. 28117 7/10/15 $297,000 Charles & Brenda Kadlecik to Ronald & Esta Elliott, 179 Elizabeth Hearth Rd. 28115 7/10/15 $369,000 Kim & Paula Wallace to Charles & Brenda Kadlecik, 163 Bay Laurel Dr. 28115

More Mooresville 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.

Cabarrus County 06/19/15 Bridget Mercer & Stacey Carter, 530 NW Havenbrook Way, Concord, Wells Fargo Bank, $125,159 06/22/15 Christopher & Valerie Sanders, 1081 Cruse Rd., Mount Pleasant, The Bank of New York Mellon, $91,928 06/22/15 Chad Moore & Amber Nagel, 3910 Longwood Dr., Concord, Ocwen Loan Servicing, $172,163 06/22/15 James & Teresa Gillespie, 5940 Smith Lake Rd., Mount Pleasant, Wells Fargo Bank, $134,730 06/25/15 Robert & Robin Humphries, 11611 Tucker Field Rd., Midland, Bank of America, $214,812 06/29/15 Michael & Sandra Friedah, 4100 Dakeita Cr., Concord, Southeast Mortgage Corp., $93,000 06/29/15 Randall Gonyo & Jessica Alonso, 1227 Central Dr., Concord, PennyMac Holdings, $117,600 06/30/15 Michael & Billie Fisher, 7339 SW Mill Ruins Ave., Concord, U.S. Bank National Assn., $273,489 06/30/15 Robert Smith, 497 Debra Cr., Concord, Nationstar Mortgage, $140,025 07/01/15 Sean Cummiskey & Kathleen Wright, 2155 Barnhardt Ave., Concord, Wells Fargo Bank, $130,300 07/01/15 Johnny & Melissa Sheets, 4560 Horseshoe Cr., Kannapolis, Vanderbilt Mortgage and Finance, Inc., $70,020 See FORECLOSURES, Page 19

Business Today

August 2015

On The Record

FORECLOSURES from page 18

07/01/15 Carole Greenert, 440 Whitewater Way, Concord, CitiMortgage, $137,150 07/02/15 Robert & Kara Jones, 4487 Woody Glen Ct., Harrisburg, Wells Fargo Bank, $378,718 07/02/15 Kenneth Miller, 553 Westwood Dr., Kannapolis, Wells Fargo Bank, $120,615 07/02/15 Charles & Elizabeth Brock, 7612 Running Deer Dr., Concord, Federal National Mortgage Assn., $305,000 07/07/15 Shawn Ure, 175 Cannon Ave., Concord, 1st Choice Mortgage/Equity Corp., $48,500 07/08/15 Elizabeth Reffell & Ella Thomas, 533 Pullman St., Concord, CitiMortgage, Inc., $102,667 07/13/15 William Barnhardt & Alice Lewis, 1118 Mason St., Kannapolis, Centex Home Equity Corp., $62,100 07/13/15 Arnold Kinney, 933 Back Bay Ct., Concord, Wells Fargo Bank, $145,800 07/13/15 Taron Robinson, 225 Saddlebrook Dr., Midland, JP Morgan Chase Bank, $170,724 07/15/15 Rodney & Nancy Whitaker, 14 Durham Ct., Concord, EquiFirst Corp., $54,000 07/16/15 Walter & Deborah Bennett, 7901 Saddleview Ct., Charlotte 28215, MidFirst Bank, $168,500 07/15/15 Tommy & Mary Pressley and Peggy Cromer, 250 Franklin Ave., Concord, CitiMortgage, Inc., $38,950

Mecklenburg 6/15/15 John & Katherine McCoy, 8934 Lizzie Ln., Huntersville, Regions Bank $244,200 6/17/15 Douglas & Crystal Lewis, 5715 Hewitt Dr., Charlotte 28269, Crossland Mortgage $62,400 6/18/15 Andrew Bellamy, 1238 Squirrel Hill Rd., Charlotte 28213, GreenPoint Mortgage $94,800 6/18/15 Andrea S. Kash, 3238 Erwin Trace Dr., Charlotte 28213, Universal American Mortgage $139,950 6/18/15 Keri & Nathan Mena, 12951 Deaton Hill Dr., Charlotte 28269, Allen Tate Mortgage $162,011 6/19/15 Eric & Latarsha Duncan, 3730 Wandering Oaks Ln., Charlotte 28269, W.R. Starkey $161.761 6/22/15 Charlotte L. White, 12206 Jessica Pd., Charlotte 28269, Bank of America $103,098 6/25/15 William & Yolanda Vaughn, 11738 Kinross Ct., Huntersville, TRSTE $356,906 6/25/15 Lenzie & Donna Legette, 6514 W. Rockwell Blvd., Charlotte 28269, Bank of America $31,309 6/29/15 Sean & Mayra Corsi, 12414 Swan Wings Pl., Huntersville, UVEST Mortgage $159,000 6/29/15 David R. Haines, 12713 Windyedge Rd., Huntersville, Myers Park Mortgage $148,740 6/29/15 Christopher & Jessica Cordero, 12936 Deaton Hill Dr., Charlotte 28269, Columbia National $137,100 6/29/15 Leslie R. Malone, 4468 Antelope Ln., Charlotte 28269, First National Bank of Arizona

$118,400 6/29/15 Mor, Chue & Tria Moua, 1206 Well Spring Dr., Charlotte 28262, Countrywide Bank $148,108 6/30/15 Lovan & Ella Sharpe, 8602 Sutherlin Forest Ct., Charlotte 28213, NVR Mortgage $124,201 7/1/15 Schreese Becton, 9511 Inglenook Ln., Huntersville, First Horizon Home Loan $275,500 7/1/15 Michael & Jennifer Freeman, 7411 Saddle Trail Ln., Charlotte 28269, Village Capital & Investment $136,235 7/7/15 Deborah D. Clifton, 6433 Park Pond Dr., Charlotte 28262, Quicken Loans Inc. $141,475 7/8/15 Janet Johnson, 12449 Mallard Dr., Charlotte 28269, Allen Tate Mortgage $221,848 7/8/15 Shirley M. Butler, 5002 Cello Ct., Charlotte 28269, CTX Mortgage $146,566 7/8/15 John & Rose Jackson, 11105 Leadenhall Ln., Charlotte 28262, Ace Mortgage $132,000 7/8/15 Samuel & Sheri Smith, 2314 Phlox Ct., Charlotte 28213, Accredited Home Lenders $199,750 7/8/15 Frank & Elizabeth Brierly, 3932 Archer Notch Ln., Huntersville, NVR Mortgage $224,372 7/8/15 Regina D. Kiser, 8612 Mineral Ridge Way, Charlotte 28269, Countrywide Home Loans $96,000 7/8/15 Angela N. Morrow, 10553 Yellow Rose Ln., Charlotte 28269, American Financial Network $117,170 7/8/15 Maki R. Orr, 2502 Stream Bank Dr., Charlotte 28269, Bank of America $141,402 7/9/15 Frank & Joan Patriss, 9968 Hyde Glen Ct., Charlotte 28262, Benefit Mortgage $62,740 7/9/15 Judy McCorkle & Garry Robinson, 5723 Seths Dr., Charlotte 28269, Countrywide Home Loans $91,665

More Mecklenburg Foreclosures online at www.BusinessTodayNC.com

Mooresville 6/18/15 Jeffrey & Liliana Hacker, 213 Flowering Grove Ln. 28115, Lehman Brothers Bank $262,400 6/29/15 Christian B. Innella, 517 E. Iredell Ave. 28115, SIB Mortgage Corp. $69,597 6/29/15 Jim & Sarah Carr, 7 Cascade St. 28115, Mooresville Savings Bank $50,000 7/2/15 Thomas & Joanne Hough, 161 Stone Ridge Ln. 28117, HSBC Mortgage Service $191,600 7/7/15 Zircon International, 194 Brownstone Dr. 28117, Center Street Lending REI $800,000

5/5/15 Ronald & Carol Overcash, 2038 CharMore28117, Mooresville lotte Hwy. Bank of Foreclosures America $83,466

online at www.BusinessTodayNC.com

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

Cabarrus County 6/25/15 Kitty Land Spa, Nakia McCreary, 5607 Hammermill Dr., Harrisburg 6/25/15 Signing Solutions LLC, James Richard Latimer, 2783 Clover Rd. NW, Concord 6/26/15 Pet-Topia LLC, Elizabeth Ann Rothwell, 97 American Ave. NE, Concord 6/26/15 Scarbrough & Scarbrough PLLC, James E. Scarbrough, 584 Sandringham Pl., Concord 6/29/15 Jesse James Jones LLC, Jesse J. Jones, 704 Pearl Ave., Kannapolis 6/29/15 JR Network Group LLC, Jennifer M. Morgan, 2403 Forrestbrook Dr., Kannapolis 6/29/15 Mobile Bubbles LLC, Tyler Z. Rowe, 611 Samuel Adams Cir., Concord 6/30/15 InBetween Time Performing Arts Group, Jacquelyne Hicks, 2006 Blair St., Kannapolis 6/30/15 UGS Video Productions Inc., Steven Reynolds, 8175 Marasol Ln., Concord 7/1/15 Buffalo Investments of Concord LLC, Michael S. Wallace, 3429 Trinity Church Rd., Concord 7/1/15 Byrd Trucking LLC, Jermaine Byrd, 7418 Dover Mill Dr. SW, Concord 7/1/15 Carolina Company Police LLC, Tommy Harvey, 8611 Concord Mills Blvd., #422, Concord 7/1/15 Frye’s Lock and Key LLC, Wesley D. Frye, 173 McKinnon Ave. NE, Concord 7/1/15 Multiplicity Magazine LLC, Talitha A. McGuinness, 4700 Hilton Lake Rd., Kannapolis 7/1/15 Old Castle Properties LLC, Tawnya M. Copeland, 4834 Chesney St., Concord 7/1/15 Pope Landscape and Handyman Services LLC, David C. Pope, 2356 Westminster Dr., Concord 7/2/15 Firmont Construction Group LLC, Mark Coppola, 971 Ramsgate Dr. SW, Concord 7/6/15 Amenity Consulting LLC, Sondra Dickinson, 1221 Hess Rd., Concord 7/6/15 Barnhardt Properties LLC, Robert Woodrow Barnhardt Sr., 4131 US Hwy. 601 S, Concord 7/6/15 Carolina Computing Solutions LLC, Brian Lamonte Conner, 10848 River Oaks Dr. NW, Concord 7/6/15 J.L. Lewis Interiors & Design LLC, Jordan L. Lewis, 2104 Englewood St., Kannapolis 7/7/15 Bridges Realty Group LLC, Jason Bridges, 2282 Eversham Dr. NW, Concord 7/7/15 Chuck’s Electrical Service II, Inc., Charles D. Shearin, 4562 Waldens Pond Thrw., Concord 7/7/15 Dust Genie Cleaning LLC, Jasmin Samuel Byrd, 266 South Circle Dr. NW, Concord 7/7/15 Grace Central Pediatrics PA, Julius K. Tokunboh, 2317 Concord Lake Rd., Concord 7/8/15 BRJ Enterprises LLC, Russell G. Maze, 95 Winecoff Ave. NE, Concord 7/8/15 Meendering Enterprises Inc., Daniel Meendering, 775 Concord Pkwy. N, Concord 7/8/15 Trinity Impact Inc., Felicia Adeoye, 2521 Governor’s Point Ct. NE, Concord 7/9/15 Area Connections Transportation Services LLC, William R. Brunson Sr., 283 Morning Dew Dr., Concord See NEW CORPORATIONS, Page 20

19

Business Today

20 August 2015

On The Record

NEW CORPORATIONS from page 19

7/9/15 Barrett Industrial Corporation, Elizabeth C. Cox, 709 China Grove Rd., Kannapolis 7/9/15 Hanging C. Farms Inc., Jeffrey D. Cox, 1280 Ebenezer Rd., Kannapolis 7/9/15 Powell Girls LLC, John Powell, 852 Turnint Point Ln., Concord 7/9/15 Yates Rowan Rentals LLC, Jon-Michael Devine, 280 S. Cannon Blvd., Kannapolis 7/10/15 Carolina Traffic Mark Inc., Carroll M. Mullis, 494 McCoppin Ct. NE, Concord 7/10/15 Central Piedmont Management LLC, Alan D. Overcash, 1604 S. Ridge Ave., Kannapolis 7/10/15 Chucks Performance Engines LLC, Charles G. Kiber, 1110 Brafford Dr., Concord 7/10/15 Thompson Ventures & Consulting LLC, William C. Thompson, 366 George W. Lyles Pkwy. NW, #116, Concord 7/14/15 aladdinpizzagroup LLC, Marta Rivers, 1458 Haverford NW, Concord 7/14/15 Boliver & Associates Inc., Robert F. Boliver, 4139 Mills Cir., Concord 7/14/15 GrandSeascapeCruises LLC, Mitzi A. Grady, 4096 New Dawn Ct., Kannapolis 7/14/15 MF Real Estate Holdings LLC, Kenneth Miller, 400 Penny Ln., Concord 7/15/15 Baker’s Cupcakery LLC, Elizabeth Baker, 1063 Stirrup Pl. NW, Concord

7/15/15 Complete HOA LLC, John Francis Sulivan, 9591 Audley End Ct. NW, Concord 7/15/15 Grace Legacy Publishing LLC, Dora Hiers, 908 Brighton Dr., Kannapolis 7/16/15 Foresthaven Global Enterprises LLC, Jonathan P. Kish, 5017 Hildreth Ct., Concord 7/16/15 JVW Concord Corp., Zachary M. Moretz, 37 Union St. S, Ste. B, Concord 7/16/15 Sasquatch Hauling LLC, Brandon E. Hansen, 10103 South Gemini Spring Dr., Kannapolis 7/17/15 5 Second Solutions LLC, Roberto I. Nocik, 499 Short St., Concord 7/17/15 Nero Nail Spa LLC, Jessica I. Black, 154 Shamrock St. NE, Concord 7/17/15 Plates Food Company LLC, Lyle P. Chapman, 3979 Long Leaf Ct., Concord 7/20/15 ARI Future LLC, Radwan Ibrahim, 4593 Waterford Dr. NW, Concord 7/20/15 bitShift Design LLC, Steve Guilmette, 6837 Babbling Brook Ln., Concord 7/20/15 Carolina Retractable Screens LLC, Daniel H. Dewulf, 1465 Porters Ct., Concord 7/20/15 Freedom Real Estate Enterprise LLC, Tanesha Thompson, 1439 Burrell Ave. NW, Concord 7/20/15 Jareds Appliances LLC, Jared Raynor, 130 McShag Dr., Kannapolis 7/20/15 Lake Norman Driving Academy LLC, Dwight Gray, 615 Vega St., Concord

More Cabarrus New Corporations online at www.BusinessTodayNC.com

Mecklenburg County 7/1/15 Byrd Highway Maintance Service LLC, Felicia L. Byrd, 5922 Swanston Dr. C, Charlotte 28269 7/1/15 Chesapeake Technology International Corp., Christian Rowlands, 12821 Thistlebrook Ln., Huntersville 7/1/15 Custom Lawn Care of LKN LLC, United States Corporation Agents Inc., 20207 Hammock Oak Dr., Cornelius 7/1/15 Grace Unlimited International Church, Thelma Deretta Thompson-Gordon, 5125 Stone Park Dr., Charlotte 28269 7/1/15 H.E.M. Realty Inc., Elveta Harris, 8524 Carolina Lily Ln., Charlotte 28262 7/1/15 ITP Foundation of North Carolina Inc., 9030 Arbor Creek Dr., Charlotte 28269 7/1/15 Lesedi Properties LLC, Nthabiseng Lennon, 10207 Rocky Ford Club Rd., Charlotte 28269 7/1/15 Michaelina LLC, John F. Hanzel, 19425-G Liverpool Pkwy., Cornelius 7/1/15 Moriah Homes LLC, Jose Gonsalves Neto, 7111 Amarillo Dr., Charlotte 28262 7/1/15 Pena Foods Inc., Elvin Pena, 13824 Mallard Lake Rd., Charlotte 28262 7/1/15 Silver 840 LLC, Bruce Silver, 18628 River Falls Dr., Davidson 7/1/15 Sweet Chickz LLC, Autumn M. Smith, 8401 Compatible Way, Apt. 201, Charlotte 28262 7/1/15 Woodchuck Stump Service LLC, Charles

Jost, 17022 Island View Dr., Cornelius 7/2/15 A Plus Alterations Inc., Thu N. Loi, 3501 Betterton Ln., Charlotte 28269 7/2/15 Aptus Holdings LLC, Scott T. Dill, 11704 Reames Rd., Charlotte 28269 7/2/15 Bonanza Tool & Supply LLC, Bonanza Tool & Supply LLC, 12733 Moores Mill Rd., Huntersville 7/2/15 Breckwoldt Radiology PLLC, Reid Breckwoldt, 9533 Devonshire Dr., Huntersville 7/2/15 Neal Counseling Services PLLC, Chimere D. Neal, 1931 JN Pease Pl., Ste. 102, Charlotte 28262 7/2/15 Opal Burlington Investors LLC, Rajnikant R. Desai, 15908 Robbins Green Dr., Cornelius 7/2/15 Opal Hotels – Burlington, LLC, Rajnikant R. Desai, 15908 Robbins Green Dr., Cornelius 7/2/15 R&I Creative Solutions LLC, Twan Roddey, 3019 Parker Green Trl., Charlotte 28269 7/2/15 Signature Corporate Branding LLC, Dolores M. Galanti, 6807 Heritage Orchard Way, Huntersville 7/2/15 TM Towing LLC, Eddie Gamar Montgomery, 5807 Ankeny Ct., Charlotte 28269 7/2/15 Vibe Dance Fitness Studio LLC, Candice Pegues, 1001 East WT Harris Blvd., Ste. W, Charlotte 28213 7/6/15 Drew Robinson Music LLC, Andrew Robinson, 12316 New Bond Dr., Huntersville 7/6/15 Freedom Window Cleaning LLC, Johnnie Morgan, 9957 Birch Knoll Ct., Charlotte 28213 7/6/15 Independence Consulting Company, Michael G. Lee, 535 Spring St., Davidson 7/6/15 Radiant Concepts Incorporated LLC, Paul C. Jones, 12307 Heritage Hills Ln., Charlotte 28269 7/6/15 Rays of Gray LLC, Lindsay Key, 10103 Drew Ct., Huntersville 7/6/15 Revive International Inc., Ryan Bruss, 10100 White Cascade Dr., Charlotte 28269 7/7/15 AB Painting LLC, Israel Armas Baten, 1411 Kirk Farm Ln., Apt. 101, Charlotte 28213 7/7/15 Calloway Environmental Service Industries LLC, Raphael Joshua Anderson Calloway, 5900 Hewitt Dr., Charlotte 28269 7/7/15 Colde LLC, Dierdre M. Edmiston, 13821 Ramah Oaks Ln., Huntersville 7/7/15 The Crawford Group Inc., James M. Crawford, 19240 Stableford Ln., Cornelius 7/7/15 Crown Enterprise Group LLC, United States Corporation Agents Inc., 13705 Anthea Ln., Huntersville 7/7/15 Hollywood Express LLC, Rodney Medlin, 6916 Statesville Rd., Charlotte 28269 7/7/15 House of Eight Limbs LLC, Thearin Bradley, 1112 Coachlight Cir., Charlotte 28262 7/7/15 Kannady Law Firm PLLC, Darlene Kannady, 6700 N. Tryon St., Charlotte 28213 7/7/15 Lakeside Realty Inc., John F. Hanzel, 19425-G Liverpool Pkwy., Cornelius 7/7/15 Maslyn Holdings LLC, Jacqueline F. Hull, 18900 Craggy Meadows Ct., Davidson 7/7/15 Moore’s Sweets ‘n Treats LLC, United States Corporation Agents Inc., 1934 Wilburn Park Ln. NW, Charlotte 28269 7/7/15 Shrink & Safety Solutions LLC, Lucia I. See NEW CORPORATIONS, Page 22

Business Today

22 August 2015

On The Record

NEW CORPORATIONS from page 20

Verville, 2007 Bishops Ct., Cornelius 7/7/15 TRIN-N-TRE Inc., Leonard Coles Jr., 12012 Mallard Ridge Dr., Charlotte 28269 7/7/15 Velvet Roses, Dewann Smith, 6014 Briggs Dr., Charlotte 28269 7/8/15 Arts Development Association, Michael Hamilton, 1601 Charleston Place Ln., Apt. 2A, Charlotte 28262 7/8/15 Benava Group Imports LLC, Todd Leckinger, 414 Fairwoods Dr., Huntersville 7/8/15 Carolina’s Property Services LLC, William D. Enton, 10431 Samuels Way Dr., Huntersville 7/8/15 Drs Kye Reimels & Associates PLLC, Keith A. Kye, 8936 Northpointe Executive Pk., Ste. 120, Huntersville 7/8/15 Ginn Law PLLC, Geoffrey B. Ginn, 2202 Baggins Ln., Charlotte 28269 7/8/15 Humble Beginnings Inc., Meek Law Firm P.C., 10130 Mallard Creek Rd., Ste. 300, Charlotte 28262 7/8/15 JTS Rentals LLC, Teresa Sanders, 16416 Sutters Run Ln., Huntersville 7/8/15 KSD Promotions LLC, Kevin Dehaven, 1318 Philip Michael Rd., Huntersville 7/8/15 Olde Beau RV Resort and Country Club LLC, Bob Sidney Morris Jr., 100-H North Harbor Pl., Davidson 7/8/15 Perfect Score LLC, Vincent Welch, 17925 Halton Park Dr., 2D, Charlotte 28262

7/8/15 Platinum Youth Network Incorporated, Nichole Bumpas, 4128 Houldsworth Dr., Charlotte 28213 7/8/15 SkilledResumes.Com Inc., Christopher Zourides, 20311 Chartwell Center Dr., Unit 1417, Cornelius 7/8/15 Stainless Auto & Transportation LLC, United States Corporation Agents Inc., 3633 Ernie Dr., Charlotte 28269 7/8/15 VROOOM Automotive, John Franklin Osborne III, 1619 Flat Rock Dr., Apt. 220, Charlotte 28262 7/9/15 4D Coaching LLC, Michael Smith, 17132 Caldwell Track Dr., Huntersville 7/9/15 Anything Commercial Transportation LLC, Ricky Ray Crowder, 6245 Hackberry Creek Trl., Apt. 517, Charlotte 28269 7/9/15 Aptus Group USA LLC, Scott T. Dill, 11704 Reames Rd., Charlotte 28269 7/9/15 Ark Title Group Inc., Josh Costner, 10150 Mallard Creek Rd., Ste. 106, Charlotte 28262 7/9/15 AViDD Sports Development, Trystan McNeill, 5207 Hawkins Meadow Ct., Charlotte 28213 7/9/15 B E Y Consulting LLC, Belinda McKinnon, 11255 Cypress View Dr., Charlotte 28262 7/9/15 Bryan Foshee LLC, Bryan Foshee, 15344 Hugh McAuley Rd., Huntersville 7/9/15 Cabarrus Craft Beverage Alliance, Joel Scott Padgett, 5826 Kinglet Ln., Charlotte 28269 7/9/15 Cheat Days LLC, Christopher J. Robbins, 8636 Hollow Creek Cir., Charlotte 28262

7/9/15 G6 Media LLC, Cory J. DeMarco, 20901 North Main St., Cornelius 7/9/15 Lake Norman Fitness Specialists LLC, Joshua Soper, 9766 Bailey Rd., Cornelius 7/9/15 Law Offices of William H. Harding PLLC, William H. Harding, 9115 Harris Corners Pkwy., Ste. 220, Charlotte 28269 7/9/15 Leigh Contracting & Installation LLC, Helen G. Leigh, 7600 Knollwood Cir., Charlotte 28213 7/9/15 Over & Through Incorporated, Tiffany Richardson, 2342 Brendon Patrick Ct., Charlotte 28262 7/9/15 Pawtect & Serve, Andre Gagne, 6616 White Mist Ln., Charlotte 28269 7/9/15 Rivera’s Enterprise LLC, Osman Perez Rivera, 8848 Avebury Dr., Apt. E, Charlotte 28213 7/9/15 TVM Painting & Remodeling LLC, Manuel Velarde Tavera, 4626 Hidden Alley Rd., Charlotte 28213 7/10/15 Boone Turner LLC, Andrew Kline, 17811 L Half Moon Ln., Cornelius 7/10/15 Rosas Concrete LLC, Ruth Rosa, 225 Sugar Creek Rd., Charlotte 28213 7/10/15 UBD CORP., Umang B. Jokhaker, 3925 Kalispell Ln., Charlotte 28269 7/13/15 ARC Advisory Group Inc., Paul Steinitz, 11514 Lottingly Dr., Huntersville 7/13/15 C2Fitness LLC, Christy Davis, 8118 Strandhill Rd., Huntersville 7/13/15 David Siding LLC, Jose Aron Alvarez Reyes, 5518 Skycrest Dr., Charlotte 28269

I-77 HOT Lanes Will Take A Toll On Your Bottom Line.

Your business depends on the free flow of goods and services. For years, traffic congestion has been strangling commerce on I-77. Toll lanes will guarantee that stranglehold for at least another 50 years. Toll lanes are not designed to reduce congestion, but to “manage” traffic to generate toll revenue. The more drivers use the lanes, the more tolls are increased, which deters most drivers from using the lanes. While that is counterproductive to reducing congestion, it leads to higher profits for the tolling agency. This does not solve our traffic problems, but takes advantage of them. When decisions were made about widening I-77 through toll lanes, state officials met mostly behind closed doors and did not conduct an economic impact study -- even though the project affects thousands of area businesses and a multi-billion-dollar economy. Here are a few of the issues that will affect your bottom line: • Since tolls are so expensive, up to $20 round-trip, few will use the lanes and congestion will worsen • Countless hours will be lost by commuters, customers and suppliers adding costs to businesses • An estimated $34-million in yearly tolls will be taken from our economy – equal to 680 jobs paying $50,000 each • Tractor trailers and most commercial vehicles will NOT be allowed to use the toll lanes • The toll-lane design limits access to many important exits for local businesses and customers We need your help now! The state is forcing this contract even though more than 94% of businesses and citizens do not approve! We are fighting in court and gaining support each day from people like you.

Support Our Businesses. Support Our Community. Support wideni77.org.

Please visit wideni77.org today to donate and fight for the roads you’ve already paid for!

7/13/15 Denise Real Estate LLC, Denise Wilson, 9604 Hanberry Blvd., Charlotte 28213 7/13/15 Everidge Designs LLC, Kristin Everidge, 15201 Sharrow Bay Ct., Huntersville 7/13/15 Ideal Health Biotechnology LLC, 3325 Grandeur Rd., Charlotte 28269 7/13/15 La Bestia Blanca LLC, Ramon C. Reyes, 3812 Dry Brook Ln., Apt. F, Charlotte 28269 7/13/15 Mark’s Garage Gym LLC, Mark Seibert, 8423 Sandowne Ln., Huntersville 7/13/15 Salaam Enterprise Inc., Basil Muhammad, 11238 Fountaingrove Dr., Charlotte 28262 7/13/15 Skin Haven Esthetics Inc., Leah Ann Svensson, 10698 Sapphire Trl., Davidson 7/13/15 VNP Holdings — 1 LLC, V.N. Patel, 4924 Sunset Rd., Ste. 100, Charlotte 28269 7/14/15 Chhabra Inc., Neha Tuil, 12623 Coltart Ct., Charlotte 28262 7/14/15 Meta Knowledge Consulting LLC, Karthiknath Dassari, 3211 Mallard Hill Dr., Apt. 103, Charlotte 28269 7/14/15 On Point Floors LLC, Jesse Sims, 12107 Ramah Church Rd., Huntersville 7/14/15 S and L of NC LLC, Sherri S. Leonhardt, 19203 Peninsula Shores Dr., Cornelius 7/14/15 Studio Glam LLC, Natasha James, 7709 Network Ln. 102, Charlotte 28262 7/14/15 Westbrook & Carlin, Patricia A. Minter, 7715 Pope Farm Rd., Charlotte 28269 7/14/15 X 3 Alarms LLC, Mark Whittaker, 21119 Norman Shores Dr., Cornelius 7/15/15 Anasso Real Estate Solutions LLC, Biray

The Lake Norman Chamber of Commerce, hundreds of area businesses and over 94% of citizens demand the brakes be put on the toll lanes!

Business Today

August 2015

On The Record

NEW CORPORATIONS from page 20

Patel, 9336 Linksland Dr., Huntersville 7/15/15 Burn Bootcamp Cary LLC, Devan M. Kline, 311 Gilead Rd., Huntersville 7/15/15 Burn Bootcamp Nashville LLC, Devan M. Kline, 311 Gilead Rd., Huntersville 7/15/15 Burn Bootcamp New York City LLC, Devan M. Kline, 311 Gilead Rd., Huntersville 7/15/15 Burn Bootcamp Raleigh LLC, Devan M. Kline, 311 Gilead Rd., Huntersville 7/15/15 carolina homework LLC, Daniel O’Connell, 18742 Nautical Dr., Cornelius 7/15/15 Carolina Westie Productions LLC, Frederick W. Dauss, 215 Nottingham Dr., Huntersville 7/15/15 Coffey Fitness Iredell LLC, Craig Coffrey, 12213 Farmborough Rd., Huntersville 7/15/15 Kaizen Goods LLC, Martin M. Brennan Jr., 13801 Reese Blvd. W, Ste. 110, Huntersville 7/15/15 PR Property Holdings LLC, Michael K. Elliot, 13420 Reese Blvd. W, Huntersville 7/15/15 Robertson Athletic Instruction Inc., Desmond Windell Robertson Jr., 9211 Joyce Kilmer Dr., Charlotte 28213 7/15/15 Solars Page Corporation, Margaret Adunola Olusa, 1001 E. WT Harris Blvd., Ste. P 237, Charlotte 28213 7/15/15 Together We Can Tutoring LLC, No Agent, 21433 John Pines Dr., Cornelius 7/16/15 Carolina Warrior Academy, Thomas D. Mack, 16602 Sutters Run Ln., Huntersville 7/16/15 KDaM Property Management LLC, Montanez Montanez, 20324 Carrington Trace Dr., Apt. 112, Cornelius 7/16/15 Prosperity Proprietors Group LLC, Premise Martin, 3310 Sorento Ct., Charlotte 28269 7/16/15 Social Marketing Conversations LLC, Steven Groves, 19140 Kanawha Dr., Cornelius 7/16/15 STGR Supply LLC, Ryan Reed, 21612 Scottcrest Cir., Cornelius 7/16/15 Unmediated LLC, Stuart G. Watsori Jr., 6907 Bickham Ln., Charlotte 28269 7/17/15 DTL Digital Services LLC, Derrick Love, 10816 Carstairs St., Charlotte 28213 7/17/15 GODthentic Incorporated, Elyshia Brooks, 9820 Northcross Center Ct., Huntersville 7/17/15 Island Ice House LLC, Brian S. Carison, 606 Davidson Run Ln., Davidson 7/17/15 Jimespa Enterprise LLC, Odette Jimenez, 8666 Coral Bell Ln., Charlotte 28213 7/17/15 KDM Ventures LLC, Kerby D. McLean, 3165 Zion Renaissance Ln., Charlotte 28269 7/17/15 On Point Acupuncture Inc., Mallorie Geneva Kanter, 20721 Torrence Chapel Rd., Ste. 101, Cornelius 7/17/15 Shelly Jones Enterprises Inc., Shelly A. Jones, 6401 Riverside Oaks Dr., Huntersville 7/20/15 Bustillo Landscaping LLC, Jose Saul Bustillo, 8213 University Ridge Dr., Unit 208, Charlotte 28213 7/20/15 Charlotte’s House of Cars LLC, Karum Johnson, 10146 Loganberry Trl., Charlotte 28269

7/20/15 DJK Media LLC, Jason Boys, 8309 Heath Crest Ct., Charlotte 28269 7/20/15 Hilco & Associates LLC, Jason Todd Hill, 18507 Vineyard Point Ln., Cornelius 7/20/15 Magnus Nutrition LLC, Alexander Reynolds, 14236 Boren St., Apt. 206, Huntersville 7/20/15 Niblett Properties LLC, Meghan Niblett, 1531 Rumstone Ln., Charlotte 28262 7/20/15 Sakura of Cornelius Inc., Shien Zhang, 19905 W. Catawba Ave. Ste. 109, Cornelius

More Mecklenburg New Corporations online at www.BusinessTodayNC.com

Mooresville 7/1/15 Aberdeen Property Management LLC, Donald Skalsky, 229 Montibello Dr. 28117 7/1/15 Dancing Davis Shaking Off Cancer Foundation Inc., Mika H. Overcash, 1453 Charlotte Hwy. 28115 7/1/15 DDH Holdings LLC, David D. Harrison, 104 Nathaniel Ct. 28117 7/1/15 Fired on Broad Pottery LLC, N. Brette Webb, 156 A N Broad St. 28115 7/1/15 Gaughan Corporation, William Joseph Gaughan, 169 Weeping Spring Dr. 28115 7/1/15 Moving Upwards NC LLC, Todd Jason Farlow, 114 Morlake Dr., Ste. 203 28117 7/1/15 Startech Solutions Inc., Tarique Mohammed, 137 Assembly Dr., Unit 210 28117 7/2/15 Dunry Piedmont Corporation, Miguel Heredia, 131 Dedham Loop 28117 7/2/15 Froopies LLC, Angelia Hall, 104 Pamlico Ln. 28117 7/2/15 Hearth and Yarn LLC, Jinny W. La Bar, 122 Hampshire Dr. 28115 7/4/15 GC Auto Inc., George Church, 112 Dannyn Grove Ct. 28117 7/6/15 Abby’s Better Nut Butter LLC, Abby Kircher, 167 Monarch Ln. 28115 7/6/15 Edgewise Services LLC, Angelia Hall, 104 Pamlico Ln. 28117 7/6/15 Kennerly Communications Design & Consulting LLC, Julie Warlick Kennerly, 2087 Coddle Creek Hwy. 28115 7/6/15 Sundown Specialty Applications LLC, Christopher Lee, 169 Sundown Rd. 28117 7/7/15 Golden State Roofing Inc., Steven Graydon, 517 Alcove Dr., #302 28117 7/8/15 Joseph M. Pearson Inc., Jerone D. Pearson, 224 Spring Run Rd. 28117 7/8/15 Piedmont Veterans Assistance Council Inc., Peter T. Meletis, 1007 Briarcliff Rd. 28115 7/9/15 Kirkpatrick Consulting Inc., Kevin M. Shannon, 116 Town Center Dr. 28117 7/9/15 Lean Business Solutions Inc., Martyn Holmes, 218 Indian Trl. 28117 7/10/15 J & J Properties Unlimited LLC, William Jones, 239 Hawks Prey Dr. 28115 7/13/15 Al Shrook LLC, David P. Parker, 666 Normandy Rd. 28117

More Mooresville New Corporations online at www.BusinessTodayNC.com

23

Business Today

24 August 2015

Hot Properties am a Realtor in Q “ILake Norman and

we as a profession come across this quite frequently. Many lenders that we work with in real estate do not require borrowers to obtain a survey when purchasing a home. Is this a good idea?”

A

Generally speaking it is usually a good idea to purchase a survey although this should be discussed with your attorney.

The mortgage lender will have title insurance in their policy for matters that would have been disclosed by a survey, even if one is not obtained.

The buyers or borrowers policy specifically excludes title insurance coverage for any matter that would have been revealed by a current survey. Surveys reveal many issues that may affect the buyer’s use of property such as encroachments, setback lines, and boundary line problems. A survey is a worthwhile investment for any purchase of real property and a great picture of what your client is buying.

D. Kevin Joyce VP and State Legal Counsel Master Title Agency, LLC. Contact Patrick M. Jackson President, Master Title Agency 8640 University Executive Park Dr., Charlotte

704-348-2866 www.mastertitleagency.com

Realtor forecasts LKN future with $10 million estates There were 170 home sales pending valued at more than $500,000 in June, a 10-year-high. The market is hot enough for a new trend: Multiple tear-downs for larger estates as lakefront properties in Cornelius and Mooresville once again approach 2008 peak Properties in both Cornelius and Mooresville once again began to approach 2008’s peak lot values, ranging from $900,000 to well over $1 million.

“One new dynamic in the lot market is the micro-trend of high-end custom home projects now aggregating multiple adjacent tear down lots together to achieve an estate compound…with multiple large projects in the more high demand areas already under way,” says Reed Jackson, managing partner of Ivester-Jackson Distinctive Properties in Cornelius.

A Christie’s affiliate, Jackson said large estate projects will “ultimately raise the bar for Lake Norman’s highest-end home values in select circumstances to crest the $10 million mark.”

Racecar driver Denny Hamlin did just that. He is building a 30,000 square foot home on Mollypop Lane in Cornelius. Not far away there is a massive estate nearing completion at the corner of Belle Isle and John Connor Road.

Meanwhile, the number of pending high-end home sales reached a 10 year high in early June, with more than 170 homes under contract at $500,000 or more, Jackson said.

Across the Charlotte region, home prices are climbing a little faster than the average of the 20 largest U.S. cities year over year, according to S&P/CaseShiller. Charlotte house prices from

Hotel Hamlin: 30,000 square feet where two homes were torn down

May of last year to May of this year rose 4.9 percent vs. 4.4 percent nationwide during the same period.

Comparing May vs. April, though, Charlotte looks like it may have cooled off, with prices climbing .7 percent here, compared to 1.1 percent month to month nationwide.

“As home prices continue rising, they are sending more upbeat signals than other housing market indicators, says David M. Blitzer, managing director at S&P Dow Jones Indices. “Nationally, single-family home price increases have settled into a steady 4 percent to 5 percent annual pace following the double-digit bubbly pattern of 2013.”

He said over the next two years or so, the rate of home price increases is more likely to slow down than to accelerate.

“Prices are increasing about twice as fast as inflation or wages,” he said.

Housing starts, meanwhile, are only

about 1.2 million units annually, and only about half of total starts are singlefamily homes. Sales of new homes are low compared to existing homes.

How Lake Norman and Cabarrus will fare compared to the Charlotte market is anybody’s guess.

Blitzer said first-time buyers are the weak spot in the market. They provide demand and liquidity that supports trading up by current homeowners.

“Without a boost in first-timers, there is less housing market activity, fewer existing homes being put on the market, and more worry about inventory,” Blitzer said.

Millenials, of course, have a different mind-set around home-ownership than previous generations. Then, too, larger downpayments are affecting firsttime homebuyers who currently rent.

“Mortgage rates are far less important to first-time buyers than a downpayment,” Blitzer said.

Nevertheless, Charlotte home prices are coming back at what looks like a healthy pace. Charlotte’s 4.9 percent year over year gain pales in comparison to Denver at 10 percent and San Francisco at 9.7 percent

In Concord

A large home that looks like an English manor house at 4688 Owl Creek Lane in the Jacobs Ridge subdivision has sold for $790,000 after being listed at $799,000 by Jayne Helms of ReMax Leading Edge. The tax value is Continued on Page 25

Business Today

August 2015

Hot Properties continued from page 24

4688 Owl Creek Lane, Concord for $790,000

$827,000. The 5,500 square foot fivebedroom house sits on nearly 1.8 acres, complete with an in-ground pool and a covered porch with a TV area and a fireplace. Team Honeycutt with Allen Tate Realtors represented the buyers.

In Mooresville

A stately lakefront home at 185 Shelbourne Place in The Point has sold for $2.7 million after being listed at $2.75 million. The three-level Cape Cod, which has a tax value of $2.3 million, has more than 8,400 square feet of heated living area. The home includes a billiard room, wince cellar, theater and exercise room, as well as a private pier, spa and pool. It also has a four-car garage and private baths in all five bedrooms. Doris Nash of Ivester-Jackson had the listing. Jessica Simpson, also with Ivester-Jackson, represented the buyers.

In Cornelius

A house at 19319 Betty Stough Road in the Patricks Purchase subdivision has sold for $1.1 million after being listed for $1.225 million by Anita Sabates of Allen Tate. The house, which has a tax value of $1.1 million, sits on a 1.2 acre lot just across the road from Lake

Norman. The 6,178 square foot home has five bedrooms, four baths and a pool and spa come complete with an outdoor fireplace. There are two offices and two laundry rooms and a three-car garage. Sherr y Hickman of Ivester-Jackson represented the buyers.

In Sherrills Ford

A lakefront home at 9224 Fair Oak Drive in Northview Harbour has sold for $1.155 million after being listed at $1.225 million by Maria Jacobs at Lake Norman Realty. The house, with 5,348 square feet of space, has four bedrooms and four full baths. The property features 309 feet of shoreline and a floating dock as well as four garages. The tax value of the property is $1.287 million. The buyers were represented by Lloyd Radeschi of Lake Realty.

Hot Properties

Hot Properties is all about the deal. If you’re an agent with a high-end, closed deal, usually $750,000 and above, let us know.

Email the editor, Dave Yochum, at nebiztoday@gmail.com or call 704-895-1335.

9224 Fair Oak Drive, Sherrills Ford for $1.155 million

25

Business Today

26 August 2015

Big Day at the Lake XI exceeds $80K for BBBS Editor Dave Yochum nebiztoday@gmail.com Sales & Marketing Director Gail Williams gail.todaypubs@gmail.com Business Development Aimee Peer aimee.todaypubs@gmail.com Production Director Stephen Nance, production.todaypubs@gmail.com Contributing Writers Cheryl Kane, Sherre DeMao Dave Friedman, Dave Vieser Cathryn Piccirillo Sherman John Rehkop Bigs and littles enjoying Lake Norman hosted by Joshua Dobi and John Bradford. Photo: Shea Hedinger Bradford

huge because friendships While money is still comare made when hot dogs and ing in, Year No. 11 of Big splashing are involved.

Day at the Lake looks like More than 200 kids who it will net Big Brothers Big would not otherwise enjoy Sisters of Greater Charlotte the lake got a chance to do about $85,000 in cash.

Just as important, the The event is sponsored Notebook so. $85,000 in cash supports the by a wide range of generDave Yochum matching and supervision ous businesses in Lake Norprocess well after the event man. PayPal was once again concludes. the Presenting Sponsor this I’d just like to say “THANK YOU” in a year.

The Town of Cornelius as well as big way to all the people who make Big Mecklenburg County officially pro- Day at the Lake happen every year. claimed July 18 “Big Day at the Lake Day.” Big Day at the Lake Goals While Big Day at the Lake is all about 1. Provide a full day of fun for kids at-risk kids in Big Brothers Big Sisters, who would not otherwise get out on the subtext is people from all walks of the lake life coming together. When they do, 2. Recruit mentors for BBBS good things happen. When children 3. Raise money for an efficient, nonsee life’s possibilities, the upside is profit that benefits at-risk kids

Phone 704-895-1335 The entirety of this newspaper is copyrighted by Business Today, LLC 2014 with all rights reserved. Reproduction or use without permission of any content is prohibited. Business Today is an Equal Opportunity Employer.

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The Cornelius-Lemley fire boat was on the lake all day. Photo: Stephen Nance

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Cato Demille Jennings cooked the hot dogs. Photo: Deborah Young Studio

BBBS of Greater Charlotte CEO Karen Calder with her little.

One of the many littles enjoying the Cornelius Police boat.

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Thank you to all of our 2015 Sponsors

Scene and Heard

2015 Presenting Sponsor 2015 Admiral Sponsors 2015 Commander Sponsors

2015 Captain Sponsors

AlphaGraphics Lake Norman • Alton’s Kitchen Rotary Club of and Cocktails • Allen Tate Realtors • Aquesta North Mecklenburg Bank • Aquesta Insurance • Chantal and Denis Bilodeau • Charlotte Ear Eye Nose & Throat Associates • Kerri and Joshua Dobi • Carolyn and Jim Duke • Julia Holyfield • KS Audio Video 2015 Skipper Sponsors • Lake Norman Kiwanis • Lake Norman Realty Margaret and Blair Boggs • Marcy and Jim Carlyle • • Law office of Bentz & Associates • Mama’s Carolina Eye Care/Dr. Kevin LaFone • Charlotte Party Pizza • The McIntosh Law Firm • Park Avenue Rentals • Dixie Dean • Tom and Ann Dutton • Tom Hilb Properties/Rep. John Bradford • Payroll Plus/ • Lynette and Mark Rinker • Brent and Amy Sparks • John Hettwer • Salon Sabeli • Dr. Nancy Tracey and Dan Stehle • Sea Tow/Howard Kaplan • Sen. Thom and Susan Tillis • Heidi Hansen and Dirk Tischer and Sen. Jeff Tarte

2015 Mates Sponsors

Sally and Chris Ashworth • Mauriello Law Office • Team Honeycutt/ Diane Honeycutt • Newport Properties • Janice and Mayor Chuck Travis • Della and Troy Stafford • Sharon and Woody Washam

2015 Crew Sponsors

John Cherry • Dobi Financial in honor of Dave Yochum • Dave Ferguson • Fresh Chef • Fine and Motherlode Wines • Diane and Dave Gilroy • Jim Hicks • Cheryl and Martin Kane • Linda Love • Lapis Financial • Susan Medlin • Tracy and Mike Russell • Gail Williams In Memory of Bob Williams

Supported by Business Today and Cornelius Today for 11 years

Just Listed in the Cornelius!

3 Waterfront Lots

Waterfront

3 amazing waterfront lots with HUGE views now available in Cornelius.

0.238 acres Listing Price $500,000 0.532 acres Listing Price $675,000 1.001 acres Listing Price $1,324,000 Please call Lance Carlyle 704-252-0237 for more info or to schedule a showing

Just Listed

$969,000 3-Story Custom home in River Run. Over 5600 Sq ft with 5 bed 5 1/2 baths. Master on Main. 3 car garage. 2nd kitchen on lower level.

$5,400,000 9900+ sqft Custom Waterfront Estate, 5 bed, Private Dock, 1.47 acres with 270 degrees of water frontage. Coveniently inMooresville.

Lance Carlyle 704-252-0237 lance@carlyleproperties.com

$3,950,000 Stunning Waterfront Custom home on 1.34 acres in Cornelius. 5 Bedrooms, media room, lake level kitchen, 2 story pool with hot tub.

Great outdoor living. Elevator

www.CarlyleProperties.com

$2,399,000 Waterfront home in The Peninsula. 7 Bedrooms, 3 car garage, private dock, Professional kitchen, second living quarters on lake level Waterfront

Waterfront

Waterfront $2,499,000 Immaculate Waterfront Home on a 1.87 acre peninsula located on a gated private island. Over 6000 sq ft with 5 bedroom suites and private pier. Most amazing views on the Lake

$4,200,000 Waterfront Estate on over 1 acre in The Point. 9000 sq ft with 4 bed 5 full and 2 half baths. 3 Car Garage, salt water pool, private dock.

Call Al Strickland for more info 704-201-7244

waterfront

Waterfront

Waterfront $4,449,000 Gated Waterfront Estate in Cornelius on 1.1 Acres. 9,900 sq ft with 5 car garage, elevator, pool & hot tub and private pier

Waterfront

River Run

Waterfront $3,199,000 Custom Waterfront home in Cornelius on Jetton Rd. Over 10,000 sq ft. Master on Main. Private Dock, Pool & Hot Tub

UNDER CONTRACT

$3,950,000 Custom built gated French Country waterfront home in The Peninsula on over 1 acre with 315’ of shoreline. 9,883 sq ft with 5 beds 5 full and 2 half baths. Pool, Hot tub, gazebo with bath, Theater room, wine cellar, whole house Kohler™ generator.

Jim Carlyle 704-252-3047 jim@carlyleproperties.com