Get your news online!
Business Today NC
January 2017 Published monthly
Business Intelligence for the Golden Crescent: Lake Norman • Cabarrus • University City
John Mack will speak at the Mooresville Chamber Page 4 Luncheon
What’s on the road ahead for trains, buses and Page 8 automobiles
Cheryl Kane explains how to get to know your Pages 12 customer
YOU & YOUR MONEY
Chris Davis asks the why’s and wherefores of investing Page 22
With luggage on board, Johnny Fly takes off John S. Freeman knows retail. The son of car stereo entrepreneur John E. Freeman, he took a chance few entrepreneurs do: He opened a pop-up store to catch flesh and bone shoppers in Birkdale Village. The hip space near Starbucks was supposed to close Jan. 1, but he’s extended Johnny Fly Co.’s brick and mortar presence another week. “E-commerce is great but you only know why the customer did buy. You never know why they didn’t buy it,” Freeman says, emphasizing the did and didn’t. “There is something about telling a story to the customer.” By all accounts Birkdale was a success. “We get our name out in the local community, meet people and talk to the customer directly and learn more about our products,” says Freeman, who turned 30 New Year’s Day. His five-year-old company is as much a manufacturer and distributor as a lifestyle brand with complementary lines of hip sunglasses and chemical-free heirSee JOHNNY FLY page 18
John Freeman: An entrepreneur for the millennial
The cycle of life: Biking helps drive business BY DAVE FRIEDMAN Will Washam grew up in Cornelius, graduated from Appalachian State in 2011, and lives in Mooresville. Bob Nibarger is 68 years old. He lives part of the year in Cornelius and a portion in Sarasota, Fla. The desires and priorities of this classic Millennial and Baby Boomer are strikingly similar. Couuntless Millennials and Boomers
aim to spend less time in the car, and, instead, walk or ride a bike from their residence to work, or for social gatherings. Developers and communities are trying to satisfy them. “The interesting thing is that location has become an amenity,” said Mike LaRuffa, president of Charlotte-based BSI Builder Services, a new home community marketing company. “A develop-
Transactions Cabarrus 15 Mecklenburg 15 Mooresville 15 Foreclosures 65 Union Street North: Tax value of the Cannon house is Cabarrus 16 $1 million
ment might not have something, but if it is next to a hospital, walking paths and a movie theater, that is attractive.” For Washam, his recent move from Cornelius to Mooresville halted a routine of biking a mile to work each day. Though he still rides to his job as a Senior Planner for the Town of Cornelius occasionally, it See CYCLING page 18
RECORDS Mecklenburg 16 Mooresville 16 Corporations Cabarrus 16 Mecklenburg 17 Mooresville 17
PRSRT STD US POSTAGE PAID WINSTON-SALEM, NC PERMIT NO. 319
Is quaint Davidson at a crossroads?
Volume 15, Number 10 $1.50
DATED NEWS - POSTMASTER PLEASE DELIVER BY 1/6
Business Today P.O. Box 2062 Cornelius, NC 28031
2 January 2017
Call or email for a free proprietary business valuation & analysis: Joe@Jvagnone.com "Joe and his team were on top of things from day one. Joe's no-nonsense approach was incredibly refreshing.” Steven Gold and Gordy Rogers: Kid Speak
Matching great companies with great professionals
Call owner Jamie Ottinger at (704) 662-6685
Proud to serve Cabarrus and Lake Norman since 2008 ExpressPros.com/MooresvilleNC facebook.com/Express.Mooresville
Managing growth in classic small town can be ‘messy’ Davidson seems to get the mix of community preservation and economic development right BY ERICA BATTEN Is Davidson’s small-town charm at risk? Mayor John Woods projected that Davidson’s current population of roughly 12,000 will double in the next four decades, consistent with the rest of Mecklenburg County “Our greatest chalWOODS lenge is managing the effects of change while protecting our small-town character,” Woods said. The consequence of getting it very nearly right—small-town charm and landing MSC Industrial and Valspar— is more growth is heading Davidson’s way. Development is happening at several nodes around this college town. Near Exit 30 on I-77, the Williams Place retirement community just opened. The proposed Davidson Commons East Hotel along Griffith Street, if approved, will add a six-story hotel with a rooftop restaurant, and The Linden-Jetton Street Apartments development just south of Jetton Circle includes 164 residential units and approximately 5,000 square feet of retail space. Meanwhile the NC Department of Transportation will be working to replace the Griffith Street bridge at exit 30 and install two roundabouts as well as pedestrian and bicycle lanes. NCDOT is also working on a project connecting Potts and Sloan Streets to create a loop roughly parallel to Main Street. “Many residents that live in close proximity to Exit 30 are concerned,”
said Rusty Knox, a lifelong Davidson resident whose father was mayor for many years. Indeed, he is planning to run for mayor this year. “They feel uncertain about the future development that will continue in this critical corridor.” Last year, concerns over the Downtown Catalyst Study, which proposed more development around Main Street, prompted Knox to start Paradise Lost, a lively Facebook forum where citizens could post updates on town projects and private development. The town has since shifted away from private investment around the painfully small Town Hall toward improvements to municipal facilities and parkKNOX ing. Forty-five percent of Davidson’s jurisdiction is a Rural Planning Area. The town recently completed its rural area plan for the nearly 4,000 acres between its corporate limits and the Iredell and Cabarrus County lines. An open house Jan. 5 to inform citizens about the plan’s recommendations. East of downtown, several large developments are set to have the greatest impact on Davidson’s population. Lennar Carolinas LLC’s West Branch development on Davidson-Concord Road would add more than 300 residential units. The Summer’s Walk development, also along Hwy. 73, has added more than 500 residential units to the town’s landscape. The proContinued on page 3
Continued from page 2
posed Washam Neighborhood along June Washam Road would add another 80 units. While Davidson and its Charlotteregion neighbors can’t stem the tide of in-migration, Davidson has taken steps to proactively manage growth. Starting with the General Plan in 1993, when the town’s population was under 5,000, Davidson’s smart-growth initiatives have helped to preserve its bike and pedestrian culture, open spaces, design continuity and affordability. The planning ordinance has been updated to develop Davidson in the more thoughtful way for which it has become so popular. In fact, it’s a destination for people who want a more intentionally planned and sustainable community. But Davidson, where the average home costs $266,500 according to Trulia, runs the risk of becoming unattainable for many, including those who grew up or work there. That’s the challenge for communities that have planned—they become unaffordable. It’s becoming a destination for Baby Boomers. Davidson College alumnae are also retiring here, some of them
paying cash, sight unseen, for homes. The town’s affordable housing plan ensures that 12.5 percent of new development be reserved for applicants whose income is under a prescribed percentage of Mecklenburg County’s median income. The goal is to ensure that people who work in Davidson— no matter their occupation—can also afford to live there. “We have been very successful in bringing these affordable properties into fruition,” said Christina Shaul, the town’s official spokeswoman. While smart growth has helped to maintain the town’s aesthetic integrity, its sense of community is what continues to attract newcomers. Citizens are involved in signature events like Christmas in Davidson, the threeROSE day showcase at the beginning of each December where townsfolk and visitors swarm Main Street for roving carolers, horse-andbuggy rides, holiday refreshments, fun contests and music.
(704) 938-3121 HilbishFord.com
In warm weather, the Concerts on the Green series is a giant town picnic with the band on the library steps and dozens of blankets dotting the lawn. The concern, though, is maintaining the quality of life as Davidson continues to grow. The town is currently embarking on initiatives to maintain its aesthetic and quality of life. Such initiatives include the Town Hall Center project, which has been scaled down to public facilities from the previous large “Catalyst Project.” The town is updating its planning ordinance, as well as its economic development strategic plan. Kathleeen Rose of Rose & Associates, who helped develop the economic development plan in 2012, said the strategic plan was driven by guiding principles consistent with the town’s vision and the 2016-2017 “Davidson Game Plan,” developed by Board of Commissioners. It considers commercial growth limited to specific targeted areas to provide goods and services to its growing population, while balancing tax base and maintaining quality of
life,” she said. “Growth is always a challenge, particularly with many passionate voices. It can be a messy business,” Rose said.
How Davidson got it right Preserve Davidson’s character and sense of community. Encourage alternative means of active transportation. Use our scarce land resources wisely. Create an environment that fosters diversity. Manage growth so the town can provide public facilities and services apace with development. Enhance our quality of life through architecture and design. —Source: Davidson Rural Area Plan, 2016
SERVING THIS AREA SINCE 1954 SuperCrew 4WD Lariat
Straight Talk For an immediate price, call or email
Candice Thompson, our customer relations manager at CThompson@hilbishford.com
Hilbish Discount $15,125
MSRP $58,425. Sale Price $43,300 plus tax tag and adming fees. See dealer for details.
I85N - Exit 58 (US 29) - Kannapolis
4 January 2017
Blake Kiger installed on Cabarrus board
Blake Kiger, a principal with SimonMeyer, a construction consulting firm, has been appointed to the Cabarrus County Board of Commissioners. He replaces Grace Mynatt who re-
signed Dec. 19. The Harrisburg resident was elected in 2010 to the Cabarrus County Board of Education, where he served as vice chair in 2012 and 2013, and chair in 2014. He’s previously served Cabarrus County Government as member of the Cabarrus County Active Living and Parks Commission. He’s also served on the Hickory Ridge High School Athletic Booster Club, Harrisburg Parks and Recreation Master Plan Committee and the Lake Norman Homebuilders Association. Kiger received his bachelor’s degree in political science from the University of Georgia.
Board members named at Mooresville Chamber
John Mack featured speaker at Mooresville Chamber
The MooresvilleSouth Iredell Chamber of Commerce has a new Board of Directors for 2017: Chairman of the Board: Jim Marshall, blueharbor bank
Immediate Past Chair: John Dodson, NASCAR Technical Institute Vice Chair of Finance: Bob Taylor, Potter & Co. Vice Chair of Economic Development: Kevin Donaldson, Jones, Childers, McLurkin & Donaldson Vice Chair of Membership: Ben Goins, Randy Marion Automotive Vice Chair of Retail & Small Business: Suzanne Meyer, The Welcome Committee John J. Mack, Mooresville native, senior advisor and former CEO of Morgan Stanley, will deliver the keynote
CELEBRATE THE NEW YEAR
with Our 2017 Money Market Rate Special!
0.10% 0.35% 0.70%
(0 - $25,000)
($25,001 - $200,000)
BANK NEAR. GO FAR.
Branches in Cornelius, Davidson, Huntersville, Mooresville, SouthPark and Wilmington *Annual Percentage Yield (APY) effective as of 1/1/17 and is subject to change without notice. 0.10% rate has a $15 fee. Other terms and conditions may apply.
speech at the Mooresville Chamber’s 2017 Celebrate Business Luncheon Jan. 24 at The Cove Church. Mack is the youngest of six sons of Charles Mack, for whom the Charles Mack Citizen Center in downtown Mooresville is named. Alice and Charles Mack, immigrants from Lebanon, were well known in Mooresville for their wholesale grocery, clothing and general merchandise store, John Mack & Sons. In 2001, the family contributed $4.5 million to renovate the then Mooresville Citizen Center. Today the Charles Mack Citizen Center is a centerpiece for downtown Mooresville. The Business Person, Citizen, Duke Energy Service Award and Top Women in Business award recipients will also be announced at the luncheon. To reserve a seat, call 704-664-3898 or email Info@MooresvilleNC.org.
Davis joins Artisan Signs Anna Davis has joined Artisan Signs and Graphics in Cornelius. A graduate of the University of Tennessee, she has more than 30 years experience in branding, marketing and advertising.
Vice Chair of Community Development: Christine Patterson, Springhill Suites/TownPlace Suites Vice Chair of Marketing & Communications: Myron Gough, Iredell Living Vice Chair of Public Policy: Mark Needham, The Clusters/Bonanza Development
New VP of operations at Master Title Agency Ronda Strickland has been promoted to vice president of operations at Master Title Agency, a real estate title company based in University City. In her new role, STRICKLAND Strickland will oversee all internal processes and communications regarding title insurance commitments and policies; serve as trainer for new employees and ongoing professional development; and assist with personnel matters. Strickland joined Master Title Agency in 2014 as a title insurance underwriter. She has worked in the title industry for 10 years. Master Title Agency is part of the Allen Tate Family of Companies.
Davidson’s Newest And Best Option For Gracious Retirement Living Is
NOW OPEN A N D F I L L I N G FA S T !
At Williams Place, all of our amenities except personal phone are included in one reasonable monthly rent. We take care of the cooking, cleaning, and yard work, leaving you the time to enjoy your retirement. We’ll even drive you to appointments, shopping, and other outings. Join us for a complimentary meal and personal tour to experience our gracious retirement lifestyle yourself.
• Three chef-prepared meals daily • Caring managers on-site 24 hours • Scheduled local transportation
Rushcho Food Store
• Planned activities & special events
LAKE CORNELIUS B LV D
It’s all included:
Beautiful new suites are still available! Call now for your complimentary chefprepared meal and personal tour
PE NI NS U
• All utilities except personal phone
AT EW AY
• Month-to-month rent, no buy-in fees or leases
N O DS
• Weekly housekeeping & linen service
Please join us for our
GRAND OPENING Sunday, January 29th, 2017 11:00 am - 4:00 pm
825 Peninsula Dr, Davidson, NC 28036
© 2016 HRG
6 January 2017
Kiger brings business savvy, not just education, to board Blake Kiger brings a business perspective, not just an education perspective, to the Cabarrus County Board of Commissioners. The newly appointed Harrisburg resident—and former Board of Education member—is the principal at Simon-Meyer Construction Consultants in Charlotte. The company provides third-party construction consultant services to clients in lending, development and prop-
erty ownership. He said he is solidly behind economic development incentives for companies expanding or moving to Cabarrus, explaining that tax incentives bring jobs that support families and long-term ratables which help pay for schools. This was a major issue back in 2013 when the County Commission voted 3-2 against incentives for Windshear. The company was turned down for an
$89,250 tax break on a proposed $5 million expansion that would have created seven to 10 jobs with an average salary of $30 an hour. Commissioners JaKIGER son Oesterreich, Chris Measmer and Larry Burrage voted against the incentives. The trio of anti-incentive commissioners were all voted out, of course, and pro-business leaders took their place. Kiger said his experience on the Board of Education will help him make better decisions on the county's board of commissioners. Education spending comprises the bulk of county spending "At the end of the day, North Carolina used to be a leader in public education but that has slipped. Funding certainly
plays a role in getting back to where we need to be but so does innovation, technology, leadership and creativity," Kiger said. Kiger replaces Grace Mynatt, 81, who also served on the Cabarrus Board of Educations. She said she wants take on new hobbies and experiences, and spend time with her family. Kiger, a University of Georgia graduate, said one of the role models in his life was Tommy Cannon, the former basketball and golf coach at Benedictine Military School in Savannah, where he grew up. A licensed general contractor, Kiger was elected to the board of education in 2010, serving as chair in 2014. He also served on the Cabarrus County Active Living and Parks Commission and Harrisburg Parks and Recreation Master Plan Committee.
Alevo expects growth in 2017
Cabarrus College of Health Sciences
OPEN HOUSE for Prospective Students
Saturday, January 21 - 9 am-11 am Occupational Therapy | Nursing | Medical Imaging | Medical Assistant | Pharmacy Technology | Surgical Technology | Science
Apply now for Fall Admission! Contact Admissions for more information
401 Medical Park Drive | Concord, NC 28027 | 704-403-1555 www.cabarruscollege.edu
BY MARTY PRICE The skill sets are changing, but jobs in manufacturing will continue to grow, providing career paths for those willing to learn, says Scott Schotter, chief marketing and sustainability officer for Alevo in Concord. The international battery maker is hiring 20 maintenance technicians in trade and salaried positions to keep the sophisticated machines that produce the batteries running. “The jobs of the future in manufacturing are going to be around this kind of utility player. As equipment becomes more sophisticated the people that not only run, but more importantly maintain and repair these systems, need a higher level of skill. That is going to lead to better pay and job security,” he said. Workers with the multi-platform skills to work on mechanical, electrical, plumbing and computer systems are in high demand and hard to find because so many people have left manufacturing. “The concept that manufacturing is dying in the U.S. is not true,” said Schotter. “Alevo is a 21st century manufacturing company. Automation is built into our systems. As we add more lines we are going to need more people. Hav-
ing the ability to understand and work with high-tech equipment is your key to job security and an upward financial path,” he said. The plant currently employs 300 people and the first GridBank is scheduled to be turned on shortly, with a few more to follow. “We are ramping up hiring because we are ramping up production,” he said. The company is planning on ordering more production lines in this year. “2017 is going to be a break-out year for Gridbank installations across the country and around the world. The years 2018, ’19 and ’20 will be ‘Katie bar the door.’ We’re going to be one of the biggest energy storage manufacturers…possibly in the USA,” said Schotter.
Storage doesnâ€™t have to be boring!
Only a few spots left
8 January 2017
Transportation planning pays off for CATS riders, Cabarrus
BY DAVE VIESER When you’re stuck in traffic on I-77 or Hwy. 73, the mind turns to why modern roads weren’t built as Lake Norman developed. Lack of funds or lack of planning? Indeed, 25 years ago, private banking advisors were telling high net worth clients growth would flood Charlotte and its environs. A number of projects in the region which should help relieve some of the regions’ congestion will put a dent in traffic congestion
I-85 Highway Widening: This is $293 million project has the DOT adding four additional travel lanes and other improvements to Interstate 85 in Cabarrus and Rowan counties. The Cabarrus County portion begins just north of N.C. 73 (Exit 55) where a previous widening project ended in Concord near Rowan-Cabarrus Community College. It will continue for approximately seven miles, through Kannapolis and the U.S. 29/601 connector in China Grove, ending just north of
Now is the time. Let us take care of payroll, so you can take care of business.
If you’re spending more time than you’d like on your company’s payroll, then it’s time to look at Payroll Plus. We put our expertise to work with our sophisticated technology to streamline the process saving you time and money. In addition, we back up our work with the Payroll Plus Promise … We prepare and file all necessary forms to comply with all federal, state and local tax requirements. If we ever cause a tax payment to be late, we pay the penalty!
(704) 895-0777 — 19300 Statesville Rd., Suite 302, Cornelius, NC 28031
email@example.com — www.payrollplusus.com
Moose Road in Rowan County. DOT plans to reconstruct the existing interchange at U.S. 29/601 and N.C. 152, as well as the I-85/NC 152 interchange. The completion date for the Cabarrus County section is December 2017 Derita Road Widening: This $21 million project will widen a 2.6 mile stretch of Derita Road in Concord. The section to be widened begins at the intersection with Poplar Tent Road extending to Concord Mills Boulevard. When completed the road will be four lanes with a 23 foot median and 14foot lanes to accommodate bicycles. The widened road should facilitate increased traffic being generated in the immediate vicinity by Concord Regional Airport, expanding industry near the air field and motorists traveling to and from Concord Mills Mall. This project is being built in two sections. Right-ofway acquisition is in progress and construction is expected to begin shortly. George Liles Parkway: Widening of the 3.2 mile section of George Liles Parkway in Concord from Roberta Road to Weddington Road is covered under a $37 million DOT contract. The road will be widened to four lanes and work should be completed in early 2018. Mooresville Road/NC 3 Widening: This is a joint project between the DOT and the City of Kannapolis. The $27 million project calls for widening 2.5 miles to a four-lane “superstreet” with a median from the Kannapolis Parkway to Dale Earnhardt Blvd. It includes wider sidewalks on both sides, curb and gutters, and wider outside travel lanes for bicyclists. The superstreet concept which the DOT favors will require motorists seeking to turn left onto NC-3 to first turn right and then do a U-turn.
I-77 toll lanes: Construction work continues daily on adding the toll lanes between Exit 23 and Exit 36. DOT has entered into a controversial contract with Cintra/I 77 Mobility Partners for the work, claiming that it is investing only about $90 million of its own money. NCDOT says that its partnership with I-77 Mobility Partners significantly sped up the targeted completion date. Of course, general purpose funding was not used for I-77. The status of the toll lane contract may change with a new administration in Raleigh.
Bonus Allocation Funds: As part of the I-77 contract the DOT made funds available for adjoining projects in local communities, as an “expression of appreciation,” although some critics called it “bribe money.” The funds are provided to regions that accept toll road projects or commit local funds toward state projects. For example, out of a total pool of $158 million, $5 million was allocated to improve the intersection of Torrence Chapel Road and West Catawba Ave in Cornelius, adjacent to Exit 28. However, these funds come with time limitations on when the money must be committed, or the funds will be reassigned to other projects. It remains to be seen whether local officials will be able to agree on specific project details in time to actually use the bonus funds.
In Cornelius, a $2.47 million construction project has begun on the town’s first park and ride facility, as crews clear land on a 4.34 acre parcel a block south of West Catawba just east of the One Norman Boulevard intersection. When completed by the end of April 2017, the facility will be able to accommodate approximately 350-400 vehicles and address current and future demand for park and ride spaces in Cornelius. Still under study is what bus lines will be actually serving the new facility. Blue Line extension: The Blue Line Extension runs 9.3-miles from the 7th Street Station in Center City Charlotte through the NoDA (North of Davidson) and University areas, terminating on the UNC-Charlotte campus. The line will have 11 new transit stations, and approximately 3,100 parking spaces will be provided at the four stations with parking facilities, including 3 parking garages. The alignment will run within the existing Norfolk Southern and North Carolina Railroad (NCRR) rights-ofway from Center City Charlotte to the middle of the route where it will transition to the median of North Tryon Street/US-29. The line will remain in the median until approximately 1,000 feet north of the existing entrance to the UNC Charlotte’s Charlotte Research Institute, where it will enter the campus. The $1.16 billion extension is expected to be completed by the end of 2017.
10 January 2017
Legislators call I-77 contract ’terrible’ and totally one-sided NC Rep. Chaz Beasley says NCDOT showed ‘virtually no experience’
BY DAVE VIESER The I-77 toll plan was front and center at a Newsmakers Breakfast at The Peninsula Club with NC Rep. John Bradford, a Republican, and Assemblyman-elect Chaz Beasley, a Democrat.
Despite being on opposite sides of the aisles, the two—both rising stars in their respective parties—showed every sign of getting along, mutual respect and a willingness to work together in the Capitol. Bradford said the toll lane issue is
one example where Democrats and Republicans are in lockstep. “My Democratic colleagues from this region and I have and will continue to pool our efforts to address this terrible contract,” he said. Beasley concurred. “We’ll need to work together because the clock is ticking, and there are two other toll lane projects already on the drawing board.” The 900-page contract has been called a fiasco by political leaders from Cornelius Commissioner Dave Gilroy to N.C. Sen. Jeff Tarte, the former mayor. The N.C. Department of Transportation plans to add toll lanes to Interstate 485 and U.S. 74. Beasley, who is an attorney, doesn’t want the same mistakes that were made on the I-77 contract to be made elsewhere.
Beasley was elected to the NC House seat formerly held by Charles Jeter of Huntersville, who resigned last spring. He beat his opponent, Beth Caulfield, 54 percent to 45 percent. Bradford, a former Cornelius commissioner, defeated independent Jane Campbell 56 percent to 43 percent. The two were the featured speakers at the open forum NewsMakers Q&A which also drew the likes of NC Sen. Jeff Tarte, Huntersville Mayor John Aneralla and Mecklenburg County Commissioner Pat Cotham. Members of the town boards came from both Huntersville and Cornelius. Tarte reiterated his charge that there was “malfeasance” involved on the part of NCDOT lawyers who signed off on a 900-age contract with Cintra, the only bidder on the $650 million toll lane project between Mooresville and Charlotte. “Isn’t it strange that virtually all of the DOT legal staff which worked on this contract are no longer with DOT?”, Tarte said. Beasley said the contract is almost totally in favor of Cintra, not the citizens of the Tarheel State. He should know. Beasley is an attorney with Alston & Byrd, a large Charlotte law firm where he has reviewed countless contracts in the world of high finance and public entities. “I know the law firm Cintra used and they are familiar with this type of agreement. It’s almost as if Cintra had written it, while the DOT staff had no virtually no experience,” Beasley stated. Continued on page 11
Economic outlook Q&A with top economist Jan. 19 Sarah House, a vice president and economist with Wells Fargo Securities in Charlotte, will be the featured speaker at the Cornelius Today and Business Today Newsmakers Breakfast Jan. 19 at The Peninsula Club. Frequently quoted on Bloomberg News and National Public Radio, the Huntersville resident was a research associate for the Federal Reserve Bank before joining Wells Fargo. Newsmakers Breakfasts are an openforum Q&As with people who make the news. Anyone can ask a question.
Doors open at 7:15 a.m. for networking. The buffet-style breakfast gets under way at 7:30 a.m. The Q&A begins at 8 a.m. and concludes at 9 a.m. The cost to attend, $12, HOUSE includes a full country breakfast. Reserve a seat at 704-8951335 with Visa or MasterCard. Sponsors include Davidson Wealth Management, Donna Moffett Accountants and KS Audio Video.
Continued from page 10
Bradford also agreed, adding that “one of the problems we have is that representatives from other parts of the state could care less about I-77, so it’s a tough sales job. However, we intend to push our recent bill calling for an independent review of the contract and RFP process when the long session convenes in January.” Bradford’s appearance in itself was a surprise after a series of special sessions in Raleigh that were profoundly newsworthy in and of themselves. For one thing, Republicans bridled incoming Gov. Roy Cooper, a Democrat. “I’ve been excused from the special session because I really wanted to be here, and I also have local meetings lined up all day,” Bradford said. Bradford defended the bills approved by the Republicans. “I’m a moderate conservative and many of these changes will give us better tools to control spending and oversee state government more efficiently,” he said. Beasley countered: “We in government need to be as transparent as possible.”
Regarding HB-2, Bradford said, “No one is pure.” He regretted that the Charlotte City Council failed to annul their ordinance last summer. “The votes were there and if they had moved, we would have done so, too, in Raleigh.” Both representatives also agreed that the composition of the Charlotte Regional Planning and Transportation Organization needs to change. Charlotte holds an almost insurmountable majority of the weighted votes, even around projects that might only affect North Mecklenburg. “I’d like to see some sort of formula where votes are apportioned by project mileage, not just by population as it is now,” Bradford said. NewsMakers Breakfasts are openforum public discussions with key people in the news. Questions are driven by the audience. The presenting sponsor was Dixie Dean, with Allen Tate Realtors. Carolina Trust Bank, Davidson Wealth Management, Master Title Association and KS Audio were also sponsors.
Is your Accountant a Bean Counter or a Benefit to your Business? For small businesses, an accountant is not optional. But does your accountant provide real value, or are they just counting your beans each month? In reality, your accountant should be a strategic partner who adds value to your business, not just another cost.
How do you know? Does your accountant focus on your Success? Does your accountant look for New Innovations? Does your accountant help you plan your Financial Future?
8220 Village Harbor Dr. Cornelius, NC 28031 704.895.7181 2518 A Plantation Center Dr. Matthews, NC 28015 704.841.1080
12 January 2017
Growth S trategies
Your customers’ operations matter big time As you sell you must meet both the customer’s needs and their internal objectives—which may be distinctly different. If you can discern the operational rules your customer uses to navigate, you can score more points faster and more frequently. But if you don’t take the thoughtful time to learn how many policies the customer has to follow internally, you could lose or slow down the sales process. Every customer has multiple internal process rules they need to follow. Making their job easier makes it easier for them to seek you out again in the future. What role and value does your product or service serve in their operation chain? Is it critical? Does it directly complete their primary end product or service? If so, quality control will also be critical-in your sales process and the commitments you need to clarify this to build their confidence in your operation chain. Be especially clear about quality assurance processes and your organization’s service quality record. Is it optional? Can they do without it? If so to create a sense of urgency in your sales processes such as time limits on available discounts in order to coax them to the finish line in their decision making. And you may
have added value to your cusget told ‘no’ more often and tomer. Offering to keep track of thus need to plan to call on future dates available for purthem with regularity in order chases can help you help your to obtain their order. customer. Does it play a back-up Confidence of availabilrole in the operation? This ity. Just-in-time inventory is may means once they buy, it highly rated but not always for may be a long time in-between those doing the actual operapurchases, but when the event tion. While the inventory levoccurs their “Plan B” should els may have to be controlled be back in place, fast. Build Sales Coach tightly your customer relationin quick access to you on the CHERYL KANE ship may benefit from knowing product (signs, tags, tear-off how reliably fast you can fulfill cards) to be top-of-mind during the “Plan B” process. An example is fire an order. And this capacity may make you extinguishers; when in an emergency it is the go-to person without competitor considused someone will see the easy to re-order eration Constraints such as funding may present tag for this important tool and process it right away-from you- vs. putting it on a ‘pur- unique options for your sale. Billing terms. Always consider the entire chase someday from someone soon’ list. Cost controls and accounting practices sale value, the time value of money, and the are in place to create control, not create op- timing between purchase decision, invoice, portunities for you; you may have to help and payment timing, before you price and your customer in unique ways to win the close the sale. If your customer requires longer to pay you may offer them discounts in sale. Timing and quantity. Certain budgets ways that help reflect that longer period or limit the frequency or size of purchases. that speeds up the payment. And being willAuto order placements in smaller volumes, ing to wait for payment may be an important or placing the order on specific dates may aspect of the sale to the customer (as long as
you get paid). Category restrictions. Labels matter. Make sure your invoice data matches the terms your customer needs to ensure their internal approval process goes smoothly. A few minutes to customize an invoice by putting specific project names in place to obtain budgetary approval or payment makes your customer’s life-and your next sale- easier. A product or service not only has to meet an obvious or stated need, customers need the purchase process to meet their internal requirements as well-make sure to ask. Just asking may demonstrate your professional savvy sales perception of their playing field in a way that other sales people may not have. And it can make you appear more competent and memorable. Cheryl Kane, MBA, is a strategic business consultant, sales trainer, and professional speaker specializing in service quality. If you seek assistance in growing your business, need a business speaker, or have a question you would like to see answered in this column, Cheryl welcomes your communication at 704-595-7188 or through her web site, www.cherylkane.net.
Speaking of finance and management, do you have the right tools? I am an avid remodeler of older homes. Even turned an element of this passion into a successful business. In the process, I gained a great appreciation of matching the job at hand with the correct tool. One would not consider using a hammer when a wrench is needed. In business, choosing the correct tool is seldom that clear-cut. One challenge is that the tools in business are not only physical objects, but also advice from experts. The right tool for the job is often nuanced. But using the correct tool for the job offers many benefits. The right tool: may be the only one that works for that particular job, no matter how rare that tool may be can get the job done better, faster, and cheaper, as opposed to using something that is close but not quite right. clearly reduces the use of 4-letter words and frustration in completing the job. So why not always use the correct tool for the job? • You may not know there is a tool made
specifically for that job. more functionality. In all • Laziness. Sorry, there is cases the job at hand needs no other way of saying it. You a different tool, or used in don’t feel like getting the cora different way than what rect tool, so you will try and management is currently usmake work whatever is curing. rently in the toolbox. The situations I often find • The MacGyver complex. have to do with the use of With a little duct tape and the wrong finance reporting string I can make anything system. Not only the wrong work. LOL, right? system, but not using as inYou may think you are saving tended. Owners Only money through the latter two The thinking that accountDAN GOTTE reasons above. But ultimately, ing is only for compliance a culture of laziness or “makneeds, (e.g. tax filing, payroll ing do” may cost the business in poor de- reporting, etc.) and missing the larger piccisions, poor product or service and fewer tures of data for decision making that a corcustomers. rect system can give them. As a finance consultant I typically get A proper financial system correctly used, called in when things are not going so well. gives management foresight into potential What do I generally find? The company cash problems, sub-performing products or leaders have employed the wrong tools, services, operational bottlenecks and inefare using the tools incorrectly, or have suc- ficiencies; all valuable information for runcessfully grown the company but now need ning the company financially better. a bigger wrench or something with much If your business is experiencing prob-
lems or significant changes, whether good or bad, these are the times to evaluate whether you have the right tools. You may need to engage experts who can advise on: • What other tools are out there that you may not be aware of that are better suited to job needs at hand. • Whether you are using the tools you currently have as intended, or whether they are misused or not used to full extent of their capabilities. Even if things are going well, preparing for significant changes is a good proactive stance. If you talk with experts and find the business is well prepared, that is something good to know as well. Dan Gotte, MAcc, CPA, CMA, Is a partner in Fuse Financial Partners LLC, a Charlotte financial services firm. Dan has been an instructor in CPCC Small Business center for about 7 years presenting on funding, financial and accounting topics.
Switch to DIRECTV, get a
AT&T Visa® Reward Card! Just in time for the holidays.
Req’s qualifying svc w/24-mo. agmt. Redemption req’d. Offer ends 2/28/17.
Get 3 premium services for the same guaranteed price for 2 years!
plus taxes for 24 months
W/24-mo. TV, 12-mo. Internet agmts & combined billing.* Incl unlimited data allowance ($30 value) at no add’l charge.†
INCLUDES: SELECT™ All-Included Package – Over 145 Channels Monthly fees for included Wi-Fi Gateway, Genie® HD DVR and 3 add’l receivers
BUNDLE OFFER REQUIRES 24-MO. TV & 12-MO. INTERNET AGREEMENTS. ALL OTHER DIRECTV OFFERS REQUIRE 24-MO. AGREEMENT. ADD’L FEES APPLY. *New approved residential customers only (equipment lease req’d). Credit card req’d. Pro-rated ETF fees (up to $480 for TV; up to $180 for Internet) and Equipment Non-Return fees apply.
Get the best value in TV with DIRECTV. CALL NOW!
KS AUDIO VIDEO
19925 Jetton Road, Cornelius, NC 28031
Geographic and service restrictions apply to AT&T services. Call or go to www.att.com to see if you qualify. $89.99 2-YR BUNDLE PRICE: Ends 1/21/17. Price includes SELECT All-Included Pkg ($50/mo.), Internet 6.0 plan ($30/mo.) and Phone Unlimited North America ($9.99/mo.) and monthly fees for Wi-Fi Gateway and a Genie HD DVR + three (3) add’l receivers. Must maintain all bundled services for 24 mos. to receive advertised pricing. After 24 mos., then-prevailing monthly rates apply unless canceled or changed by customer prior to end of the promotional period. Pricing excludes taxes, add‘l equip fees and other charges. Some offers may not be available through all channels and in select areas. †Must maintain a bundle of TV and Internet on a combined bill in order to receive unlimited data allowance at no add’l charge. For more info, go to att.com/internet-usage. DIRECTV SVC TERMS: Subject to Equipment Lease & Customer Agreements. Must maintain a min. base TV pkg of $29.99/mo. Add’l Fees & Terms: $19.95 Handling & Delivery fee may apply. Programming, pricing, terms and conditions subject to change at any time. Visit directv.com/legal or call for details. AT&T PHONE: AT&T Phone is provided through our fiber-optic network and powered by electrical power in your home. AT&T Phone service, including 911 dialing, will not function during a power outage without battery backup power. It is your responsibility to purchase any necessary battery backup units for your service. Caller ID may not always be available for all calls. AT&T Voicemail may not be fully compatible with all AT&T wireless voicemail systems. Phone Unlimited North America: Includes unlimited nationwide calling within the U.S., plus calls to Canada, Mexico and U.S. Territories; otherwise, per-minute rates apply. An additional per-minute rate applies to international calls terminating on mobile phones. Offers may not be combined with other promotional offers on the same services and may be modified or discontinued at any time without notice. $100 Reward Card for purchase of qualifying DIRECTV SELECT and above. For new residential customers. Reward Card: Will be sent letter with redemption requirements. Redemption req’d. w/in 75 days from reward notification mail date. Reward Card delivered within 3-4 weeks after redemption to customers who maintain qualifying service from installation date and through reward fulfillment. Card expires at month-end 6 mos after issuance. No cash access. For cardholder agreement, go to rewardcenter.att.com/myreward/agreementFSV.pdf. AT&T Reward Card issued by U.S. Bank National Association, pursuant to license from Visa U.S.A. Inc. May not be combined with other promotional offers on same services. Offer ends 2/28/17. ©2016 AT&T Intellectual Property. All Rights Reserved. AT&T, Globe logo, DIRECTV, and all other DIRECTV marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks are the property of their respective owners.
14 January 2017
More slow growth expected in 2017
Dec. 8. The economy will continue to grow next year, albeit slowly, according to UNC Charlotte economist John Connaughton. “During the first half of 2016, the North Carolina economy seemed to experience slower growth than during the previous 18 months,” said Connaughton. “It seems that after seven years of economic expansion, the economy has begun to slow. The U.S. economy has been expanding for 89 months, which represents the fourth-longest economic expansion on record,” Connaughton said. Despite an expected increase in interest rates by the Federal Reserve, key indicators for the economy are strong, including the stock market and consumer spending. The November Consumer Confidence Index was at 107.1, the highest level since the Great Recession began. “This, along with the general bump associated with the election, should increase consumer spending over the next several months, providing an offset to increased interest rates,” Connaughton said. He expects that the economy will not experience a significant change in the growth pattern through 2017. The North Carolina economy is expected to increase by an inflation-adjusted rate of 2.0 percent next year over the 2016 level. “Positive economic growth in 2017 would represent the eighth consecutive year of economic growth for the North Carolina economy. While this is an impressive trend of growth, the size of that economic growth has been somewhat lacking,” Connaughton said. For most of the 21st century, both the U.S. and North Carolina economies have been unable to achieve an average 3.0 percent real GDP growth rate that had been fairly consistent since World War II. “The 2.5 percent real growth rate experienced over the 2014-2015 period was stronger than the recent past, but the slower growth expected in 2016 could signal a return to the slow growth pattern,” Connaughton said. GDP growth will only be possible though productivity growth measures, as labor force growth has been stagnant for many years through the retirement of the Baby Boomer generation. Connaughton presented his quarterly forecast at a luncheon held at UNC Charlotte Center City. The forecast is funded by Barings, the global asset management firm.
NEWS - e
Veteran public servant leaving Cabarrus County Commission
Dec. 20. Grace Mynatt, a long-time public servant in Cabarrus County, has announced her resignation from the County Commission, effective immediately. Mynatt is 81 and ready “to appreciate that gift of time” and spend more time with family. She was elected to
the Board of Education from 19932006 and recalled to fill a vacancy in 2011-2012, serving as both chair and vice chair during her tenure. She was also elected to her second term as county commissioner in 2014. She previously served from 2006-2010,
with one term as vice chair. “Twenty-two years of unselfish service to the people of Cabarrus County is certainly something to celebrate and appreciate. I would like to personally thank Grace, not only for her service to Cabarrus County, but for being a mentor and example to me of exemplary public service,” said County Board Chairman Steve Morris. A former teacher, she and her late husband, Ben, moved to Concord in 1976 when he purchased Ben Mynatt Chevrolet and, in addition to her teaching career, she held various positions in the family business, Ben Mynatt Megastore auto dealerships. The Board of Commissioners will meet Dec. 28 at 1 p.m. in the multipurpose room of the Cabarrus County Governmental Center to discuss the vacancy, with the possibility of either setting a process for filling the vacancy or filling the vacancy at that time. Morris invited qualified individual who would like their name considered for the vacancy call Clerk to the Board Megan Smit at 704-920-2109 or email firstname.lastname@example.org by the start of the Dec. 28 meeting.
Legislators say anti-toll battle will continue in 2017 Dec. 15. A bipartisan bill asking for an independent review of the bidding process around the I-77 toll plan—known as a request for proposals—looks like it will not get out of the key transportaTARTE tion committee in Raleigh. In an interview, NC Sen. Jeff Tarte stated: “The attorneys who signed this contract should be disbarred. It is malfeasance and gross negligence.” NC Rep. John Bradford, who cosponsored HB7 said he will try again in the long session which begins Jan. 23. Gov. Pat McCrory called a special session to deal with disasters like Hurricane Matthew and “any other matters” legislators decide to consider. That’s where HB7 came from, a joint effort of Rep. John Bradford, a Republican; Rep. Tricia Cotham, a Democrat; and Rep. Justin Moore, who was appointed to fill the seat of Rep. Charles
Jeter who resigned this past spring. Moore will be replaced by newly elected Chaz Beasley, a Democrat. HB7 would have helped determine whether the 900-page contract between NCDOT and Cintra, a company from Spain, is valid. Bradford said the legislative trio filed HB7 “because we were advised that we could file any legislation we wanted” during the special session. Bradford represents NC District 98 which includes Cornelius and Davidson. He is a Cornelius resident and a former member of the Town Board. Efforts to cancel the contract in Raleigh have been thwarted every step of the way, presumably at the direction of Gov. Pat McCrory who was defeated in November. BRADFORD McCrory was humbled by voters in North Mecklenburg, reflecting the broad base of anti-toll sentiments along I-77 north of Char-
lotte. “I believe my job as Representative is to look for any and every opportunity to support my local elected officials’ and constituent’s repeated calls for action to stop the tolls. Yesterday, I saw a small window of opportunity so I took full advantage of it,” Bradford said. Cotham, a Democrat who is retiring COTHAM from the House of Representatives, said the leadership had an opportunity to cancel this “bad deal of a contract.” Her mother is Pat Cotham, a member of the Mecklenburg County Board of Commissioners and a leader of the anti-toll movement. Tricia Cotham said: “This toll road contract is bad for taxpayers and will burden NC for many years. We should support small businesses, families and those going to work everyday by canceling this project once and for all. We should listen to the people. “
On The Record
THIS MONTH REAL ESTATE TRANSACTIONS . . 15 FORECLOSURES . . . . . . . . . . . . . . . 16 NEW CORPORATIONS . . . . . . . . . . 16
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 12/15/16 $395,000 Christopher & Mary Notaro to David Goodrich & Jennifer Shutwell, 2074 Feldspar Dr., Davidson 28036 12/15/16 $392,500 Chad & Karen Browninger to Kyle & Whitney Conrad, 6195 Fox Chase Dr., Davidson 28036 12/15/16 $392,500 Cabarrus County, Bunnie & James Ellis, City of Concord & PNC Bank to Christopher McCrimmon, 6195 Fox Chase Dr., Davidson 28036 12/15/16 $319,000 NVR, Inc. to Charles & Cynthia Pearson, 7426 Greene Mill Ave., Concord 12/15/16 $430,000 Timothy & Delana Dawson to Daniel & Sarah Gromko, 1310 Fawn Ridge Rd., Concord 12/15/16 $459,000 Timothy & Suzan Jarman to Aaron & Lisa Smith, 982 Lyerly Ridge Rd., Concord 12/15/16 $415,000 Taylor Morrison of Carolinas, Inc. to George & Marjorie Christian, 2040 Wellington Chase Dr., Concord 12/15/16 $300,000 Jennifer King to Kyle & Kristin Jeffries, 9859 Darby Creek Ave., Concord 12/15/16 $290,500 NVR, Inc. to Daniel & Rachel Bagnasco, 7336 Newsome Ct., Concord 12/15/16 $506,000 Weekley Homes, LLC to Dubose Model Home Investors #203, LP, 10409 Ambercrest Ct., Huntersville 28078 12/15/16 $283,000 Charles & Julie Riggleman to James & Melissa Smith, 1567 Wheaton Way, Concord 12/15/16 $400,000 Troutman Land Investments, Inc. to Art Enterprise, LLC, 384 Church St., Concord 12/15/16 $292,000 The Ryland Group, Inc. to Sanjeev & Richa Saxena, 6984 Founders Way Dr., Harrisburg
More Cabarrus Foreclosures online at www.BusinessTodayNC.com
Mecklenburg County 12/16/16 $270,000 Bonnie Ennis to Anita & Lee Schilling, 15630 Seafield Ln., Huntersville 12/16/16 $285,000 Larry & Sandra Haynes to
Jason & Anita Stewart, 7838 Village Harbor Dr. Unit 7838, Cornelius 12/16/16 $1,150,000 James & Wendy Poplin to Scott & Amy Dill, 715 Davidson Run Ln., Davidson 12/16/16 $312,000 Eric & Shannon Beiter to Anna Freuler, 19400 Yachtmans Dr., Cornelius 12/16/16 $526,000 David & Peggy Horton to James & Anna Prock, 18530 Carnegie Overlook Blvd., Davidson 12/16/16 $270,000 Bonnie Ennis to Anita & Lee Schilling, 15630 Seafieldn Ln., Huntersville 12/16/16 $305,500 South Creek Homes to Mitchell & Ann Levine, 11728 Mount Argus Dr., Cornelius 12/16/16 $1,210,000 Patricia Dumser to Ankur Saralya & Devi Thangavelu, 18103 Watercraft Pl., Cornelius 12/19/16 $339,000 Carrene Harmer to Raul Chipre & Gladys Lezama, 16106 Grafham Cir., Huantersville 12/19/16 $445,500 Bonterra Builders to Chenda Ban & Minh Nguyen, 11207 Wescott Hill Dr., Huntersville 12/19/16 $485,000 Charles & Linda Bondurant to Charles & Carol Greenwald, 16512 Morecambe Dr., Cornelius 12/19/16 $317,000 Kathy & Robert Lee III to CSH Property One, 15315 Aberfeld Rd., Huntersville 12/19/16 $270,000 Kevin & Kimberly Smith to Diane & Thoams Anastasio, 10420 Santa Fe Trl., Huntersville 112/19/16 $368,000 John & Charlotte Ellison to Rachel & Michael Wade Jr., 15145 Macbeth Ct., Huntersville 12/19/16 $414,000 Taylor Morrison of Carolinas to Chase Miller & Erika Blink, 9328 Hightower Oak St., Huntersville 12/19/16 $362,000 Epcon Hutnersville to Penny Wilsond, 14909 Dewpoint Pl., Huntersville 12/20/16 $259,500 Southern Point Homes to Steven & Andrea Sander, 12308 Huntersville Concord Rd., Huntersville 12/20/16 $375,000 South Creek Homes to Kelly & John Russ III, 12807 Hazelbrook Ln., Cornelius 12/20/16 $338,500 Mary Powers & Julie Klever to Elizabeth & Benjamin Henderson Jr., 14814 Salem Ridge Rd., Huntersville 12/20/16 $299,000 R&R Ventures tyo The Carrbridge Berkshire Group, Unit 2 Peninsula Village Office Condominium, Cornellius 112/21/16 $466,000 John & Emily Schultz to Vinh Huynh & Hoang Nguyen, 14927 Old Vermillion Dr., Huntersville 12/21/16 $565,000 Judy & Vance Deal Jr. to Melissa & George Robinson III, Kevin & Blair Cohn, 22226 Country Club Cir., Cornelius 12/21/16 $417,000 Christopher & Jamie Emerine to Susan & Don Preski, 7427 Chaddlsley Dr., Huntersville 12/21/16 $256,000 Robert & Pornwisa Wiese to CSH Property One, 18611 Coachmans Trace, Cornelius 12/22/16 $457,000 Taylor Morrison of Carolinas to Vijay Boorla & Swetna Akula, 9426
Hightower Oak St., Huntersville 12/22/16 $380,000 Keith & Tammy Manchester to Steven & Angela Stromberger, 12639 Willingdon Rd., Huntersville 12/22/16 $505,000 Lynn & Danny Skidmore to William Oâ€™Donnell, 19505 Sunnypoint Ct., Cornelius 12/22/16 $898,500 Roberta Gaines to Gary &Tedra Maves, 13515 Evening Primrose Dr., Davidson
More Mecklenburg Transactions online at www.BusinessTodayNC.com
Mooresville 12/16/16 $396,000 Elzbieta & Marek Banaszak to Malloy Mawuli Mortoo, 126 Canvasback Rd. 28117 12/16/16 $600,000 Douglas & Angela Caudle to CRC Holding Group, 2425 Statesville Hwy. 28115 12/19/16 $260,000 Thomas Gaughan & Debra Hensley to Christopher & Paige Winn, 290 Elysian Dr. 28117 12/19/16 $380,000 Meritage Homes of the Carolinas to Jill S. Huneycutt, 135 South San Agustin Dr. 28117 12/20/16 $487,500 David & Gay Moss to Carla Moss Rosbrook, 221 Knoxview Ln. 28117 12/20/16 $830,000 Mark & Margaret Fischer to Alan & Emily Scharsu, 131 Quaker Rd. 28117
12/20/16 $314,000 Linda Erdman & Donald Duga to Jan & Patricia Coetsee, 135 Brantley Acres Dr. 28117 12/20/16 $299,000 Standard Pacific of the Carolinas to Mark & Alison McGinnis, 286 Blossom Ridge Dr. 28117 12/21/16 $515,000 Lakeshore Holdings to Frances M. Ciotti, 118 Cedar Branch Ct., Lot 97 28117 12/21/16 $268,000 M/I Homes of Charlotte to CSH Property One, 186 Glastonbury Dr. 28115 12/21/16 $446,500 Lakeshore Holdings to Joseph & Mary Ann Galemmo, 112 Cedar Branch Ct., Lot 97 28117 12/21/16 $367,000 Lennar Carolinas to Matthew & Andrea Gravina, 139 Elk Shoal Ln. 28117 12/21/16 $254,500 Joseph & Kristin Faucher to Ronald & Christy Hassay, 167 Vance Crescent Dr. 28117 12/22/16 $281,000 Earl & Sarah Olsen to Patrick & Jessica Fezza, 112 Renville Pl. 28115 12/22/16 $260,000 Jennifer Helsley to Andrew & Lainey McMillan, 125 E. Fenway Ave. 28117 12/22/16 $263,000 David & Penny McClure to John Rhodes & Jennifer Collier, 145 Elbia Dr. 28115 12/22/16 $460,000 James & Aimee Rowland to Amber Miller, 111 Wildiris Dr. 28117 12/22/16 $333,500 NVR to Timothy & Lee Continued on page 16
A GREAT HOME LENDER MAKES THE DIFFERENCE. You need more than a mortgage. You need a home lender to guide you through the financial confusion. Weâ€™re here to help make sense of it all. Get started by finding out how much house you can afford with our online calculator. Tap into all the great home-buying resources on our website. Or just give us a call to speak to one of our experienced mortgage lenders, people who know you and want to help make your home-buying experience a breeze.
3688 - UWB - Mortgage Print Ad_5x 5.5_1.5.indd 1
6/28/16 5:13 PM
16 January 2017
On The Record
TRANSACTIONS from page 15
Zywiolek, 139 Welcombe St. 28115 12/22/16 $645,000 Peachtree Residential to Jaydip & Puja Bhalodi, 125 Leeward Shoals Ln. 28117 12/22/16 $393,000 Taylor Morrison of Carolinas to Marion D. Ervin, 114 Eagles Landing Dr. 28117 12/22/16 $285,000 Lorenzo & Vania Zignago to Joel & Andrea Bouslough, 201 Silverspring Pl. 28117 12/22/16 $366,500 CalAtlantic Group to Brian Scott Lee, 160 Alexandria Dr. 28115
More Mooresville Transactions online at www.BusinessTodayNC.com
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 12/02/16 Jonathan & Tammy Rochelle, 9822 Edinburgh Ln., Charlotte 28269, Freedom Mortgage Co., $294,062 12/02/16 Lavonne Rosbor, 1028 Sandy Point Dr., Concord, CitiMortgage, Inc., $137,650 12/05/16 Marcus & Kermilya Simmons, 959 Avery Ct., Concord, JP Morgan Chase Bank, $123,469 12/06/16 Daniel & Christine Heddleson, 207 School Ave., Harrisburg, JP Morgan Chase Bank, $129,300 12/07/16 Sammy Mack, 2498 Shady Lane Ave. Extension, Kannapolis, JP Morgan Chase Bank, $130,000 12/08/16 William Harkey Estate, 9251 Robinson Church Rd., Harrisburg, Federal National Mortgage Assn., $230,400 12/007/16 Isaac & Yvette Clark, 1255 Bridgeford Dr., Huntersville 28078, U.S. Bank National Assn., $213,535 12/12/16 Raymond & Deborah Davis, 1350 Piper Ct., Concord, Wells Fargo Bank, $247,716 12/12/16 Jeffrey & Tanya Mitchell, 1213 Dunblane Ct., Charlotte 28262, $222,700 12/12/16 Robert & Melinda Stalnaker, 3319 Roundcliff Dr., Concord, Ditech Financial LLC, $109,600
704-467-3062 | FruitfulCatering.com | FruitfulCatering@cs.com
“We bring great taste to your event!” Celebrating 15 years of fine catering!
Corporate, Private, Church and Holiday events - Wedding celebrations - Showers - Luncheons - Buffet dinners
Serving the Copperfield Room at 720 Copperfield Blvd., Concord We accept all major credit cards
12/15/16 Courtland & Latricha Hamilton, 10906 Tailwater St., Davidson 28036, Nationstar Mortgage LLC, $191,323 12/15/16 James & Onae Ford, 5874 SW Mahogany Pl., Concord, JP Morgan Chase Bank, $136,898 12/15/16 Frances Clay, 210 Brook St., Kannapolis, Wells Fargo Bank, $50,000
28115, Mooresville Savings $30,000 12/20/16 John & Lisa Bryan, 145 N. Shore Dr.
More Cabarrus Foreclosures online at www.BusinessTodayNC.com
Mecklenburg 12/7/16 Sheketa & Eddie Gamble, 7522 Melstrand Dr., Charlotte 28269, Mortgage Electronic Registration Systems $130,974 12/8/16 Alan K. Bishop, 7716 Burch Shire Rd., Charlotte 28269, Merchants Bank $108,000 12/8/16 Michael & Sandra Robinson, 2011 David Earl Dr., Charlotte 28213, Argent Mortgage $115,200 12/9/16 Cynthia J. Glendale, 6073 Cougar Ln., Charlotte 28269, Allen Tate Mortgage $96,224 12/9/16 O. Leger, 5327 Grenelefe Village Rd., Charlotte 28269, Fairway Independent Mortgage $84,179 12/13/16 Patricia Cherry, 4715 Tewkesbury Rd., Charlotte 28269, First Horizon Home Loan $164,000 12/13/16 David & Michele Sizemore, 10142 Forest Landing Dr., Charlotte 28213, EquiFirst Corporation $95,400 12/14/16 Marjorie Piccolo, 6349 Mallard View Ln., Charlotte 28269, Ameriquest Mortgage $100,526 12/16/16 John & Peggy Moore, 1216 Yuma St., Charlotte 28213, Ameritrust Mortgage $95,000 12/16/16 Sandra McAllister, 718 Yuma St., Charlotte 28213, Wachovia Bank $60,730 12/16/16 Bryan M. Lucas, 17730 Trolley Crossing Way, Cornelius, DHI Mortgage Company $153,559 12/19/16 Dwight Richards, 4842 Palustris Ct., Charlotte 28269, WR Starkey Mortgage $148,265 12/20/16 James G. Murray, 8919 Merrie Rose Ave., Charlotte 28213, DHI Mortgage $230,485 12/20/16 Deborah Choate, 10013 Barbee Dr., Charlotte 28269, NVR Mortgage $167,854
More Mecklenburg Foreclosures online at www.BusinessTodayNC.com
12/5/16 Carol & Jo Ann Neill, 2259 Charlotte Hwy. 28117, Bank One $74,400 12/6/16 Kellie R. Jones, 125 High Ridge Rd. 28117, New American Mortgage $132,600 12/7/16 Douglas & Brenda Agan, 148 Devon Forrest Dr. 28115, Wells Fargo Financial $183,779 12/14/16 Mary & Jesse Anderson, 155 Middleton Pl. 28117, Argent Mortgage Company $304,127 12/19/16 John R. Reid, 522 Biltmore Ave.
28117, Countrywide Bank $400,000
More Mooresville Transactions online at www.BusinessTodayNC.com
These businesses have registered with the N.C. Secretary of State.
Cabarrus County 12/12/16 Affordable Custom Painting LLC, Terry Wayne Stegall Jr., 1100 Hess Rd., Concord 12/12/16 Cole and Boetsch at Keowee LLC, Stephen F. Cole, 341 Beckwick Ln. SE, Concord 12/12/16 Guang Yan Huang & Company Inc., Guang Yan Huang, 8650 Waterlynn Cir. NW #403, Concord 12/12/16 Precast Temporary Labor Inc., Mark Howard, 1201 Biscayne Dr., Concord 12/12/16 Wayne Sawmill LLC, Daniel Wayne, 3563 County Down Ave., Kannapolis 12/13/16 Pennington Marketing LLC, Lamonte Pennington, 1402 Napa St. NW, Concord 12/13/16 S.W.A.G FitNation LLC (Strong Warriors Achieve Greatness), Teya Crawford, 5040 Avent Dr. NW, Apt. 202, Concord 12/14/16 Platinum Media Solutions LLC, Zachary M. Moretz, 300 McGill Ave. NW, Ste. 100, Concord 12/15/16 CCA Automotive LLC, Timothy J. Packer, 2015 West C St., Ste. 1A, Kannapolis 12/15/16 Sandy’s Rentals LLC, Sandra Jane Gehl, 4576 Rocky River Rd., Concord 12/16/16 Every Single Detail LLC, Marshall Brawley, 1950 Mallard Pointe Dr., Kannapolis 12/16/16 Faith, Rest, Refuse Ministries, Cynthia Hinson, 1151 Randall Ct., Concord 12/19/16 Amber Enterprise Inc., Amber Lube, 388 Faith Dr. SW, Concord 12/19/16 J.L. Campbell Properties LLC, Jeffrey S. Campbell, 5406 Club View Dr., Concord 12/19/16 Momentum Solar LLC, Colleen McDaniel, 104 York Ave., Kannapolis 12/20/16 Antidote Metal Works Inc., Ben Hinson, 151 Wankel Dr., Kannapolis 12/20/16 Bless and Shine LLC, Ian Fernandez, 1725 Inspire Way, Kannapolis 12/20/16 Christian Film Foundation Inc., Jason A. Oesterreich, 900 Branchview Dr. NE, Ste. 125, Concord 12/20/16 Feaginism LLC, Charles D. Feagin Jr., 4112 Margate St. SW, Concord 12/20/16 Triumph the Church and Kingdom of God in Christ Concord NC, Clifford Pauling Jr., 123 Melba Ave. SW, Concord 12/21/16 Shaw Strategies LLC, Daniel Shaw, 8611 Concord Mills Blvd., #127, Concord 12/22/16 Powercat Equipment Inc., RonContinued on page 17
On The Record
NEW CORPORATIONS from page 16
ald James McMurphy, 2052 Wilshire Ct., Concord 12/22/16 TTO Partners LLC, Donald E. Whitaker, 530 Concord Pkwy. North, Concord
More Cabarrus New Corporations online at www.BusinessTodayNC.com
Mecklenburg County 12/19/16 Alana Micaela Hair Boutique LLC, Vanessa Durhan, 10909 Wyndham Pointe Dr., Charlotte 28213 12/19/16 All American Pallet Inc., Entrusted Guardian Service Inc., 8640 University City Blvd., A3-P188, Charlotte 28213 12/19/16 ELSW LLC, Ecoscape Solutions Group LLC, 11010 Metromont Pkwy., Charlotte 28269 12/19/16 GC Property Investments LLC, Meek Law Firm P.C., 10130 Mallard Creek Rd., Ste. 300, Charlotte 28262 12/19/16 Kouz Kuizine LLC, Sekou Gargonnu, 4404 Hubbard Falls Dr., Charlotte 28269 12/19/16 LVLFRM LLC, Margaret Mary Coyle, 17227 Caldwell Track Dr., Huntersville 12/19/16 LVLFRS LLC, Margaret Mary Coyle, 17227 Caldwell Track Dr., Huntersville 12/19/16 Metamyth Education LLC, George L. Zoeckler, 19609 Feriba Pl., Cornelius 12/19/16 Milennium Home Design of the Central Carolinas Inc., Shawn A. Copeland, 215 S. Main St., Ste. 301, Davidson 12/19/16 Newbee Inc., Douglas R. Yantis, 3027 Fairglen Rd., Charlotte 28269 12/19/16 Nickson Engine Build Up Company LLC, Nickson Kapenga Kibambe, 1307 Tom Hunter Rd., Charlotte 28213 12/19/16 NS Partners LLC, Kurt Naas, 18636 Northline Dr., Cornelius 12/19/16 Pepper’s Path LLC, Christina Jean Luke, 14432 Tribute Place Dr., Unit 411, Huntersville 12/19/16 SNG Hospitality LLC, Shreya Chirag Gandhi, 1200 W. Sugar Creek Rd., Charlotte 28213 12/19/16 Solution Partners Inc. LLC, Cameron N. McHugh, 4900 Spring Chase Way, Davidson 12/19/16 StaffLINK Consulting LLC, Richard Ruby, 9723 Northcross Center Ct., Huntersville 12/19/16 Tech-Savvy LLC, Sean Briselden, 16001 Wynfield Creek Pkwy., Huntersville 12/19/16 Uptown Cool LLC, Jerry T. McCarthy, 17104 Niblick Ln., Cornelius 12/19/16 Visu-Nuity Transport LLC, Marvin S. Dibble, 1223 Logcabin Rd., Charlotte 28213 12/19/16 Vogue Salon Matthews LLC, Christopher Shane Buckner, 16930 W. Catawba Ave., Ste. 205, Cornelius
12/19/16 WAYPOINT Serves, Lawson Alex Weaver, 123 Pineridge Dr., Huntersville 12/20/16 360 Professional Solutions LLC, Yolanda L. Williams, 11208 Bryton Pkwy., #12107, Huntersville 12/20/16 Just Like Family Inc., Veronica White, 9600 High Falls Dr., Charlotte 28262 12/20/16 Learning Resources for Change, Veronica Clark, 3018 Parsifal Ln., Charlotte 28213 12/20/16 Little Angel’s Preschool LLC, Marlaina Williford, 210 E. Arrowhead Rd., Charlotte 28213 12/20/16 Vogue Salon Holdings LLC, Christopher Shane Buckner, 16930 W. Catawba Ave., Ste. 205, Cornelius 12/21/16 The Contracting Guys Inc., Gary Williams, 2750 E WT Harris Blvd., Ste. 203, Charlotte 28213 12/21/16 Ember Labs LLC, Benjamin Lee, 238 S. Main St., Davidson 12/21/16 Evolve Leadership Consulting LLC, David Newell, 423 Ashby Dr., Davidson 12/21/16 Fresh Start Resource Center Inc., Jacob E. Jenkins, 10123 Atkins Ridge Dr., Charlotte 28213 12/21/16 Hampton and Hampton LLC, Shawn A. Copeland, 215 S. Main St., Ste. 301, Davidson 12/21/16 Hello, Sailor LLC, Shawn A. Copeland, 215 S. Main St., Ste. 301, Davidson 12/21/16 Hutchison Properties LLC, Hans P. Betz, 2600 Hutchinson McDonald Rd., Charlotte 28269 12/21/16 JMF Roofing & Carpentry LLC, Jose Manuel Flores Silva, 826 Dobson Dr., Charlotte 28213 12/21/16 K & J Management LLC, Shawn A. Copeland, 215 S. Main St., Ste. 301, Davidson 12/21/16 La Petite Maison NC, Misty Butcher, 211 Walking Horse Trl., Davidson 12/21/16 One Mile Logistics LLC, Bryan Keith Speigner Jr., 9107 Olmstead Dr., Unit 4, Charlotte 28262 12/21/16 Santiago Homes LLC, AAlejandra A. Gamboa, 12508 Tanners Ct., Charlotte 28262 12/21/16 Sea La Vie Kiawah LLC, Della T. Stafford, 18731 Peninsula Cove, Cornelius 12/22/16 Berry Global Enterprises Inc., Donnie Barlow-Berry, 5018 Oak Pasture Ln., Charlotte 28269 12/22/16 Beverly Robinson Statesville Ave. LLC, Beverly Robinson, 12203 Wickson Ct., Huntersville 12/22/16 kamosity2 Inc., Dino Piperno, 9800 Fairlea Dr., Charlotte 28269 12/22/16 Replay Productions LLC, Nick Kosir, 8115 Bud Henderson Rd., Huntersville 12/22/16 Rise Empowerment Center Inc., Gwendolyn Holman-Barton, 17063 Greenlawn Hills Ct., Charlotte 28213 12/22/16 Strategic Marketing and Technology Solution Inc., Willard L. Smith, 13340 Meadowmere Rd., Huntersville 12/22/16 Your Charlotte Home Source Inc., Lisa Marie Turley, 20329 Norman Colony Rd., Cornelius
12/22/16 The Zaika Group LLC, United States Corporation Agents Inc., 18708 W. Catawba Ave., Cornelius
More Mecklenburg New Corporations online at www.BusinessTodayNC.com
Mooresville 12/12/16 Rocket Housing LLC, Donald Skalsky, 106 Torrence Chapel Rd. 28117 12/12/16 Tree of Life Arborist Supply Inc., Robin Daniel, 3153 Charlotte Hwy. 28117 12/12/16 Wild Daisy Events LLC, Johnathan Stallings, 144 Hedgewood Dr. 28115 12/13/16 Brower LLC, Sherri B. Brower, 277 Patternote Rd. 28117 12/13/16 Normandy Road Holdings LLC, Francis A. Lee III, 706 Normandy Rd. 28117 12/13/16 Weber Tax Company, Brandon A. Weber, 114 Morlake Dr., Ste. 203 28117 12/14/16 BJB Group LLC, Barbara J. Bertolami, 208 Prestwood Ln. 28117 12/14/16 Christie Rentals LLC, Timothy Stutts, 2387 Charlotte Hwy. 28117 12/14/16 Hot Rods & Homes LLC, Johnny Lee Wright, 224 Tammy Dr. 28115 12/14/16 International Agriculture Group LLC, Maurice Moragne, 106 Langtree Village Dr., Ste. 301 28117 12/15/16 Blue & Gold Investment Services II
LLC, Bruce Krum, 127 Standish Ln. 28117 12/15/16 Jordiloosa Ventures I LLC, Gary Bruner, 1138 Gateway Dr. 28115 12/15/16 One United Healthcare Services LLC, Willie J. Crite, 139 Aqua Dr. 28117 12/16/16 Max Properties LLC, Brian Confoy, 131 Market Rd. 28115 12/16/16 Sokal Air LLC, April Safar, 165 Cedar Pointe Dr. 28117 12/19/16 8331 Sherrills Ford LLC, Todd Jason Farlow, 114 Morlake Dr., Ste. 203 28117 12/19/16 Gravel House Automotive LLC, Brian Michael Campe, 138 Little Daisy Dr. 28115 12/19/16 Precision Outdoor Storage LLC, Melody E. Hinson, 680 Linwood Rd. 28115 12/20/16 Cacoosing Solutions Group LLC, Todd Jason Farlow, 114 Morlake Dr., Ste. 203 28117 12/21/16 All4printing Inc., Jeffrey K. Vargo, 316 Kenway Loop 28117 12/21/16 Altair Biostatistics LLC, Brandon Scott Brown, 115 Knox Haven Ln. 28117 12/21/16 Dhitechgroup Inc., Jeffrey K. Vargo, 316 Kenway Loop 28117 12/21/16 Robert R. Haglund Jr., DMD, MDS, II, PA, Robert R. Haglund Jr., 150 Professional Park Dr., Ste. 100 28117
More Mooresville New Corporations online at www.BusinessTodayNC.com
18 January 2017
from page 1
loom leather goods suitable for Indiana Jones. Sunglass frames start at under $300; leather laptop bags run about $140, leather overhead duffles, $320. Freeman says revenues have doubled every year since the beginning. Freeman grew up racing cars—he started when he was 11—and at one time was the youngest Legends champion. He went on to graduate from Hopewell High School, and, for him, that was enough formal education. Freeman raced full time from age 18 until he was 21. He began working in the family business, Freeman’s Car Stereo, and successfully restructured the Hickory store. Freeman says he always had an itch for cars and design. So designing Tshirts, tie clips and then sunglasses was a natural. He began tinkering with pieces of wood for eyeglass frames, they caught on, and a business was born. The frames are manufactured all over the world; the distinctive wooden earpieces come from six countries, acetate from two. Over the past five years, Johnny Fly
has shipped 70,000 sunglasses to 86 countries, Freeman says. In the past year, he has operated out of 1,200 square feet of leased space in a flexible office-warehouse complex on Hwy. 115 south of Cornelius. The cool graphics are courtesy of his new wife Tara Masud Freeman. The hand-crafted luggage line is new. Freeman says he couldn’t find similar bags online, free of chemicals, with a natural, heirloom look. “Just like eyewear, it is a product I had a passion for,” Freeman says. Sunglasses accounted for nearly 90 percent of the business in 2015. With luggage on board, Freeman sees the sunglass share dropping to 50 percent. They’re already approaching 4,000 bags shipped. He considered a two-week popup store in Manhattan, but Birkdale, almost around the corner from his home in Huntersville, was a better fit even without a long-term lease option. Birkdale got a piece of gross sales and “manageable” rent for about six weeks. “The brand itself is fairly well known
internationally and even though we’re based here in North Carolina—one of the few complete designed brands here—we realized people locally didn’t even know we existed,” Freeman says. But putting Johnny Fly into big retailers like Macy’s felt like a bad idea: “The fear of going to the big boxes is
that you will lose a little bit of the soul of the brand.” The Birkdale pop-up store saw “a big climb every day,” starting about a week after it opened. “I really think we haven’t scratched the surface of this leather thing yet,” he says.
from page 1
is the crowded roads, not the distance that requires him to take his car. Part of Washam’s job with the town is helping to develop the Master Bike Plan, which will be introduced this month. It joins the Park & Greenway Master Plan, and Pedestrian Plan with a general objective of encouraging healthy living and increasing travel options. “The ultimate goal is to be able to bike or walk to many things,” said Washam. “To be able to go to work, the grocery store, and restaurants without getting in the car. Personally, I just want to be able to ride my bike safely to more places.” For some Millennials, the cost of living in an area that they can navigate without an automobile is prohibitive. However, it is leading to a trend away from established bedroom communities. Older communities built around a downtown are thriving. “Places for $200,000 are selling well in Belmont and Mount Holly,” said LaRuffa. “Young people can be downtown, it’s a cute area, and there is lots there. You have a reverse commute, and there are a lot of amenities.” QUOTABLE
“Any time you can create places that provide options for people to move around, whether bikes or walking, it is providing options to the car that are important.” —Brian Jenest, ColeJenest & Stone
Cornelius Town Commissioner Dr. Mike Miltch hears loud and clear the public’s desire for room to roam. “The biggest thing now for all ages is towns creating greenways,” said Miltch. “Towns love it because it gets people out of their cars. People love that you don’t have to make a reservation and it’s free. When people get up and out, that is great for their health.” In 2014 Kannapolis began using the slogan “Discover a Healthy Life.” John Cock, vice president of Alta Planning + Design in Davidson, says Kannapolis has backed up their motto with action. “Bravo, Kannapolis,” he said, praising the city’s new covered bike parking facility at the Amtrak station next to downtown. “I would say amenities like these will be attractive not only to folks visiting Kannapolis by train or bike—and potentially bringing their bikes on the train, which is a great feature of the Piedmont Amtrak service— it is also a great option for those working in the research campus or living in nearby neighborhoods. This is a great example of implementation of recent multi-modal plans in Kannapolis,” he said. This kind of investment helps put Kannapolis at the top of the list for people looking for a variety of transportation choices. “Kannapolis is committed to being a community that promotes active and healthy choices for individual health and community economic health,” said Cock. The most cycling-friendly towns and neighborhoods are “that much more attractive to younger and older people,” according to Brian Jenest, founder of ColeJenest & Stone, the land planning and urban design firm behind the Billy Graham complex in Charlotte. The Davidson resident said cycling is a “very viable way” to create the street-level ambience that attracts new businesses and homebuyers alike. Continued on page 19
January 2017 Continued from page 18
“Any time you can create places that provide options for people to move around, whether bikes or walking, it is providing options to the car that are important,” he said. It’s not just municipalities that are creating open spaces for strolls and various activities. Builders recognize the desires of a large swath of the population to be active without driving. Glen Goodwin of Taylor Morrison says it is evident in lots of their projects. “Many of our existing and planned neighborhoods have set aside considerable areas for natural green space, forested conservation areas, pocket parks, ponds and lakes, streams, walking trails, fit trails, and more,” said Goodwin. “And the man-made amenities are more substantial with larger pools with separate splash areas, sport courts, clubhouses with fitness rooms, etc.” At Bailey’s Glen, which is not at all what many think of when they hear the phrase “retirement community,” residents are looking for both space and activities. Outside Events Lifestyle Director Debbie Iannucci says that their facility, which offers no meal service or nursing assistance, but has planned trips for residents to see national parks on the west coast, and goes on kayaking excursions, is for those in their third quarter of life, not the fourth. “This is a vacation away from their home, except it is home,” said Iannucci. “It’s a resort. People here are jamming in as much as they can. Our menu is huge and keeps residents physically active.” That menu includes dance, bocce ball, personal trainers, swimming, a horseshoe park, driving range, biking, yoga, croquet, tennis, zumba, and five pickleball courts. Yes, pickleball. The rapidly growing hybrid of tennis and racquetball can generate an economic impact of more than $3 million by hosting tournaments. Bob Nibarger spent 13 days at a tournament in Arizona, earned a silver medal at an event in Mobile, Ala. and has gone to Naples, Fla. as a player and official. Nibarger was introduced to pickleball five years ago when he moved in to Bailey’s Glen. He tracks his daily steps on a Fitbit, and says by playing twoand-a-half or three hours of pickleball a day he exceeds his goal of 10,000
Newsmakers b r e a k f a s t
Thursday, Jan. 19 with
Cornelius Town Commissioner Dr. Mike Miltch hears loud and clear the public’s desire for room to roam
steps. He has no doubt that pickleball is an amenity that some people consider when moving. “Exercise can be extremely boring,” said Nibarger. “Pickleball can be as intense or docile as you want it to be. In certain cases it can be very important for people. New courts are being built constantly.” Sports like tennis are so 2016. Indeed, Bailey’s Glen has converted a tennis court into four pickleball courts to keep up with demand. Interestingly, developers, boomers, and millennials generally agree that having golf courses in town is important, but within walking distance is not. Realtors say the hottest neighborhoods are those connected to greenways and bike trails. They’re among the most revered amenities in terms of choosing neighborhoods or homes, according to Kathleen Rose, founder of Davidsonbased Rose & Associates Southeast in Davidson. Communities that have more choices around walking and cycling—not just automobiles—are “the ones that enjoy greater success and greater value and greater economic success for the community and greater values for the property owners,” she said.
Sarah WATT House
Vice President and Economist, Wells Fargo Securities. LLC The Peninsula Club 19101 Peninsula Club Dr., Cornelius $12 - Includes Breakfast Doors open at 7:15 a.m. for Networking Breakfast begins at 7:30 a.m. — Q&A Concludes at 8:55 a.m. RSVP Today at 704.895.1335
Donna Moffett Accountants & Consultants
20 January 2017
Hot Properties Rising interest rates will have less impact on luxury market
65 Union Street North: Tax value of the Cannon house is $1 million
Competition for homes has driven Charlotte area median home prices up from less than $180,000 three years ago to something north of $210,000 depending on where you are. Meanwhile, interest rates are
climbing. Pat Riley, CEO of Allen Tate, says mortgage rates could climb another two points in the next couple of years. Thirty-year fixed rates are up
Carpet ● Tile ● Wood ● Laminate
Making your flooring dreams come true! Flooring United has been providing homes and businesses in the Charlotte & Lake Norman Area with high quality flooring & flooring installation for more than 10 years.
over 4 percent, up about .75 percent from the bottom in late summer, early fall 2016. Is it a good time to buy? For buyers in the luxury price range over $750,000 or $800,000, almost any time is good. Riley says they’re more resilient than first-time buyers and first-time move-up buyers. Even if rates climb 2 percent over the next two years, they will still be lower than the historic average of 7 percent. “The long and short of it is that there will be as shortage of homes for a couple of years,” says Riley. Prices are still going to go up “way beyond historic averages post-recession. “It’s good if you’re selling, tough if you’re buying,” Riley says. Some of the shortage has to do with Baby Boomers “really going slow” around selling their generally larger homes. They are living longer, healthier, and content to stay put, especially considering what they might have to pay for a smaller home. Meanwhile, the X and Y generations are “still just getting settled into their new homes,” Riley said, so they’re not moving up in the near future. For buyers in the lower price ranges, higher rates will be a shocker, Riley said, explaining that 82 percent of existing homeowners have mortgages at less than 4 percent. “There will be quite a discussion if we go to
5 percent or 6 percent.” Abigail Jennings, co-owner of Lake Norman Realty, says now is a great time buy. “With rates still hovering at all-time lows, slight increases in the rates should not negatively impact real estate markets overall,” she says. Rate increases do mean that the dollar won’t stretch as far. For example, if rates were to rise a half a percent, the monthly mortgage payment for a $480,000 home would be what you could buy a $500,000 for at today’s rates. “For this reason, buying now makes a lot of dollars and sense,” she says.
A 5,744 square-foot house at 8468 Queens Court in a gated community in Catawba has sold for $1.028 million after being listed at $1.075 million by Debbie Monroe with Lake Norman Realty. The lakefront house is in Astoria off Highway 150 about seven miles west of I-77. The house has panoramic views of Lake Norman, as well as two porches and a pier with a covered boat slip. The house has three bedrooms on the second floor and one on the third floor as well as a five full baths. There is a three-car garage, cypress hardwoods inside, three fireplaces and built-in wine storage. The tax value of the property is $945,110. Kelly Berrey with Lawrie Lawrence Real Estate repContinued on page 21
8468 Queens Court in Catawba sold for $1,027,800
19601 Stough Farm Road in Cornelius for $850,000 Continued from page 20
resented the buyers.
The iconic Union Street home built by James W. Cannon, the textile magnate who helped put Cabarrus County on the map, has sold for $775,000. It was listed at $899,000 by Matt Alexander with Premier Sotheby’s International. The house was on the market for more than $1.1 million five years ago, but never sold. The spectacular home, complete with grand staircases, high ceilings, a dome turret and ornate moldings, is at 65 Union St., just north of Concord’s resurgent downtown. The house has been in the Cannon family since it was constructed at the turn of the century, blending Queen Anne and Colonial Revival styles. It was the first home of the Cabarrus Academy which is now called the Cannon School. There are classrooms on the rear of the structure. Cannon began the Cannon Mills textile empire in the early 1900s. His mill village became Kannapolis, which of-
ficially became a city in 1984. Carrie Craver, with Southern Homes of the Carolinas, was the selling agent.
of Terra Vista Realty represented the buyers.
A house at 19009 Wildcat Trail in River run has sold for $875,000 after being listed at $899,000 by Meg O’Brien with Allen Tate. The 5,337 square foot home has five bedrooms and four full baths. All brick with a three-car garage, the
A 4,000 square foot lakefront home at 18103 Watercraft Place in The Peninsula has sold for $1.21 million after being listed at $1.35 million by Shelley Johnson of Keller Williams Lake Norman. Dixie Dean of Allen Tate Realty brought the buyers to the table. The four-bedroom house has 149 feet of shoreline and a private dock. The house has a private bath off the rear patio as well as an office and wine cellar in the basement. The tax value of the property is $1.02 million.
house sits on a nearly half-acre lot with views of the 18th hole at River Run Country Club. It has a veranda, screened porch and a covered porch as well as 10-foot ceilings on the main level and two fireplaces. The tax value is $893,900. Phil Puma of Puma & Associates Realty represented the buyers.
° ° ° A house at 19601 Stough Farm Road in Patrick’s Purchase has sold for $850,000 after being listed by Paula Birmingham for $890,000. On the market for four months, the house has a tax value of $715,000. It has a total of 2,923 square feet above grade as well as 1,090 square feet in the basement. It sits on a .89 acres. Jamie Schettino
The Point A Lake Norman Community and home to Trump National Golf Club Charlotte
107 Easton Drive, Mooresville, NC • • •
Former model home at The Point Stone & cedar shake ranch on 1.72 ac golf course lot 3 bedrooms, 4 full baths
• • •
Outdoor kitchen, lanai, pool, hot tub Walk to all Trump golf club amenities Boat slip included $999,900
Jean Griswold-Lynn Broker/Owner 704.609.5362 Jean@ProvidentLivingNC.com
Provident Living Inc 18103 Watercraft Place in Cornelius for $1.21 million
22 January 2017
Have you ever been smart, but not wise? I should listen to Dad and Pip Coburn.
Editor Dave Yochum email@example.com Sales & Marketing Director Gail Williams firstname.lastname@example.org
You & Your Money
BY CHRISTOPHER W. DAVIS It was late in the 1990’s Internet driven stock market. The stock market seemed to be rewarding our every decision. I “smartly” compounded both the future of our clients. I was educated and mindful of estate tax and long-term planning. Anyone using a calculator or the left side of their brain could compound and calculate what the estate tax could look like. Being smart, therefore, I pushed my father, then age 72, to invest in a second to die life insurance policy. Dad’s response was wise. First, he repeated my forecasted value of his estate. He repeated my estimate of the estate tax. He then asked “So, after paying all this tax to Uncle Sam, you and your siblings will still get something that you never worked for, right? “
The “mathematics of life” may offer far more extrapolation than the mathematics of calculation. —Chris Davis
Ouch! Dad was not swayed by “smart.” He was able to articulate that his vision for his children was for them to find their own way in life. For Dad, his responsibilities as a parent no longer included a financial component. By the way, over the next 10 years, the stock market would experience 2 of the 4 worst bear markets in 100 years. When Dad died in 2013, there were no estate taxes. The moral? “Financial smart” is not necessarily “financial wise.” Asking “how” is smart. Asking “why” is wise. A few months later, I should have listened to Pip Coburn (then of Warburg Pincus, now founder of Coburn Ventures, an investment advice firm studying monumental change.) At the time, Pip was one of the rock stars of internet investment banking. In early March 2000 Pip spoke to a large audience of investment professionals at the Wharton School of Finance. A standing room audience picked his brain with question after question of who was the best and who would be next. Pip finally concluded as he walked off the stage with, “But, you know, life happens to the left of the decimal point.” Within a matter of days, not weeks, the Internet bubble burst. The smart money was
betting on who would be next and who is the best. “Life” however, CHRIS DAVIS was about to happen. Whether he knew it or not, Pip Coburn gave us wisdom that day. Financial mathematics is applied to the right of the decimal point. Each digit to the right is less valuable than the one to the left. Life, seems to always happens to the left; each event more influential than the last. And as the ad says, “Life comes at you fast.” Does this ever happen to you in “business and investing life”? When we are wise, we remember to apply the wisdom of Dad and Pip. We ask for advice. We ask ourselves, “Why are we doing this? What are we missing?” The “mathematics of life” may offer far more extrapolation than the mathematics of calculation. Christopher W. Davis, a Certified Financial Planner, is managing director-investments at Davidson Wealth Management, Wells Fargo Advisors in Davidson. A graduate of UNC-Chapel Hill, Davis has been an investment adviser since 1981. His column will appear monthly.
with employees. He urges managers to help staff members link their work and their lives to values, purpose and meaning – with an overlay of accountability. He includes great charts and worksheets throughout and in an extensive appendix called “The Optimism Planner.” Using a combination of solid research and anecdotes about successful teams, Murphy teaches junior, frontline and midlevel leaders how to create happy, balanced, effective teams and how to build an “optimistic workplace.” getAbstract believes this ac-
Contributing Writers Erica Batten, Cheryl Kane, Marty Price, Dave Vieser, Dave Friedman, Cathryn Piccirillo Sherman Phone 704-895-1335 The entirety of this newspaper is copyrighted by Business Today, LLC 2016 with all rights reserved. Reproduction or use without permission of any content is prohibited. Business Today is an Equal Opportunity Employer. Business Today P.O. Box 2062 Cornelius, N.C. 28031 BACK ISSUES Payable by VISA & MASTERCARD ONLY. $1.50 (if available); $4 to mail FAXED ARTICLES - $5 per page PHOTOS - $100 REPRINTS - Reprints on high-quality , framable stock are available, starting at $65. NEWS AND CALENDAR ITEMS Business Today is a local business publication. If you have news items, they may be e-mailed to email@example.com. Business Today is published on the first Friday of every month to qualified small business owners in the Golden Crescent. SUBSCRIPTIONS May be purchased for $36. LETTERS TO THE EDITOR Do you have an opinion you’d like to share? We offer a forum for ideas, opinions and dissenting opinions.
Book Review: The Optimistic Workplace This business manual by professor and leadership consultant Shawn Murphy isn’t just another text about employee engagement and new-style leadership. It’s a useful, comprehensive manual that presents its content – even some ideas that are familiar – in a fresh, compelling way. Murphy makes a solid case for replacing autocratic managers with service-oriented “stewards” who focus on connecting
General Manager Stephen Nance firstname.lastname@example.org
tionable guidebook will help managers who want to build a “pocket of excellence,” even within an ineffective or bureaucratic organization. Shawn Murphy. The Optimistic Workplace: Creating an Environment That Energizes Everyone. AMACOM, 2015. 240 pages. ISBN-13: 9780814436196.
You can e-mail your thoughts to email@example.com or mail to Business Today at P.O. Box 2062, Cornelius, N.C. 28031. Your letter, or a longer opinion piece, may be edited for brevity and/or clarity. Please include a phone number.
Business Internet Solutions • Dependable high-speed Internet solutions • 24/7 Local Technical Support • Flexible options and a variety of bandwidth speeds available
The right communications partner gives you the power to succeed.
Video and Music Solutions
MI-Connection Business Solutions offers all the tools your business needs to succeed. Our cutting-edge, fiber-optic technology enables us to bring you extreme Internet speeds, enhanced video and music solutions and feature-rich business phone services. We’re the only partner you need for your business communications needs.
Feature-Rich Voice Services • Unlimited local and long distance calling in the U.S., Canada and other select territories • Business-rich features for companies of all sizes • Advanced server-based IP Systems available
SaVe 20% eVeRy Month
when you bundle your business communications services.
Some restrictions apply. Ask your Account Executive for details.
firstname.lastname@example.org | www.mi-connection.com
I n t er ne t
• Enhanced programming with access to over 300 ultra-clear digital channels • 45 channels of uninterrupted CD-quality music • Create the right environment for your business
Vo I ce
• Au d I o
$299,000 | Cornelius | 0.98 acres Updated Kitchen | Huge fenced back yard
$850,000 | Waterfront | Pool | Private Dock | Screened Porch | Updated Kitchen
$1,875,000 | Cornelius | 1.18 acres Waterfront | Private Dock
$2,399,000 | Waterfront | 1.87 acres Amazing Covered Porches | Private Dock
$3,499,000 | Waterfront | Cornelius Private Dock | 4 Car Garage
$3,150,000| 2 Waterfront Lots | Mooresville | Amazing Views | 3.6 acres
$380,000 - $659,000 | 2 Waterfront Lots Available
$3,725,000 | Waterfront | Pool | Private Dock | Huge Covered Veranda
$1,950,000 | Waterfront | 3 Levels | Master on Main Cornelius| Pool & Hot Tub | Amazing Kitchen
$2,900,000 | 8486 sq ft | Pool & Hot Tub Gated Community | 7 Car Garage
Lance Carlyle 704-252-0237
Marci Carlyle 704-451-8399
$929,000 | The Peninsula | On Golf Course Master on Main | Great Kitchen
Jim Carlyle 704-252-3047
Terry Donahue 321-402-8543
Terry Byars 704-728-9775
Jim Grywalski 704-236-9899
$700,000| Waterfront | Cornelius | Amazing Kitchen | Open Floor Plan
Al Strickland 704-201-7244
Tammy Godwin 704-650-0296
Michael Green 704-954-4489
19520 W Catawba Ave Suite 113 | Cornelius, NC 28031 | 704-895-4676 Office | www.CarlyleProperties.com