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@businesstodaync

July 2019 Published monthly

YEARS

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

Opioid crisis has major implications for business

See Sprizzi page 10

BY DAVE VIESER The opioid epidemic continues to loom large in North Carolina business and industry, although dispensing here has decreased by 24% since 2017. Fifteen states have passed laws limiting opioid prescribing for

See Opioid page 22

Highest Rates of Opioid Overdose ED visits among Counties > 10 visits: April 2019* County Surry Randolph Davidson

Count 13 20

Rate 18.0 14.0

21 14

12.7

Harnett Moore

10

10.5 10.3

Buncombe

22

8.5

Cumberland Alamance Guilford Cabarrus Statewide

27 13 30 11 552

8.1

Mecklenburg

8.0 5.7 5.3 5.4

RECORDS Cabarrus

*Estimated annual statewide rate calculated by multiplying average monthly rate by 12. Monthly rate is calculated using year-todate counts of opioid overdose ED visits standardized to the statewide annual population *Source: ED Data NCDETECT

Judges set for 15th annual Top Women in Business The 2019 judges for Business Today’s 15th Annual Top Women leadership awards include women leaders from the worlds of business and politics in Lake Norman and Cabarrus. All four are prior winners: Cabarrus County Commissioner Diane Honeycutt; Business Today columnist Cheryl Kane; Cornelius-based Aquesta Marketing Director Laura Engel; Mecklenburg County Commissioner Pat Cotham; and events director Karen Lawrence of It’s My Affair. The awards honor the region’s most dynamic women in business, community service, education and politics. The winners will be feted at the15th Annual Top Women Champagn Reception and Business Expo at River Run See Top Women page 10

Iredell

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Foreclosures

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New Corporations

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NEW: Denver New Business listings...Page 19

www.businesstodaync.com

PRSRT STD US POSTAGE PAID WINSTON-SALEM, NC PERMIT NO. 319

Sprizzi Beverage is still behind schedule on plans to install a multi milliondollar manufacturing facility in the old Michael Waltrip Raceworld facility, but company officials say they are on the cutting edge of eco-friendly beverage systems. Rather than transporting countless millions of gallons of sodas around the countryside, Sprizzi—pronounced Spritz-i—markets and sells both drink machine and flavor cartridges for both office and home markets. It collects revenue on the purchases of cold drink machines and flavor “bullets” that will be manufactured in Cornelius. Transporting water when you can filter H2O from the tap is old school. California-based Sprizzi has landed a $100 million investment from China, based on the concept of dispensing the equivalent of bottled beverages at home or in an office setting. Sprizzi has hired former Coca-Cola executives Tim Goff as president and Bob Relf as chief operating officer to run the show, signs

DATED NEWS - POSTMASTER PLEASE DELIVER BY 6/10

Hiring underway

acute pain to a 7-day supply. Arizona, North Carolina, and New Jersey limit initial prescribing to 5 days. Prescriptions for drugs used to treat opioid use disorders increased by 15% in that time frame, and opioid use disorder treatment specifically for uninsured and Medicaid beneficiaries is up by 20%. There were nearly 10% fewer emergency department visits for opioid overdoses in 2018 than in 2017. In addition, North Carolina has re-

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

Sprizzi uncaps plans for new Cornelius plant

Volume 18, Number 4 $1.50


Business Today

2 July 2019

Call for Entries

We are now accepting applications for the Top Women Class of 2019 To nominate a Top Women leader or apply, please visit http://businesstodaync.com and click on the top banner

Application deadline is

Friday, August 23, 2019 Attention: Women leaders! Nominate your boss, a friend or yourself. Business Today has recog nized women leaders across Cabarrus County, Lake Norman and University City since 2005. More than 75 women—from attorneys and educators to politicians and retailers—have earned the title of Top Women. Here are some of the ways our judges look at nominees: · Owner, founder, partner, executive · Small, medium or large company · Possess leadership skills · Charitable work

A Champagne Reception and Expo honoring this year’s Top Women will be held Thursday, October 17 at River Run Country Club from 6-9 pm.

Sponsorships available. Call 704.895.1335.

Andy’s is coming

Ice cream franchises aren’t just desserts

Ice cream franchises are hot and it’s not just the summer heat. Andy’s Frozen Custard will open a new location in a 48,000 square foot shopping center in Cornelius to be known as Catawba at Knox. The Missouri-based chain has some four dozen locations in eight states. Leading ice cream franchises in addition to Andy’s include Baskin-Robbins, Ben & Jerry’s, Bruster’s, Cold Stone and Dairy Queen. Ice cream and frozen custard franchises are selling for about 45% of gross sales plus property value and inventory, according to business broker Joe Vagnone. Average cost of goods is in the neighborhood 30% to 32%. Profit margins average just under 16 percent. Ice cream stores benefit enormously from the fact that most everyone loves

ice cream. Bruster’s wisely broadens its product line and year ‘round appeal with Nathan’s hot dogs. Andy’s has eggnog shakes near Christmas. Absentee owners are common, although on-site ownership drives up profitability. “It’s not just time owners spends in operation; waste and efficiencies, productivity along with positive morale...are better with owneroperators,” Vagnone said. In the brutal heat of late June/July, it’s when the sun goes down that business tends to heat up, says Bruster’s franchise owner Stuart Modeen in Cornelius. It can be too hot to leave the house mid-day. People come out, enjoy the weather, and some ice cream in the evening. Add-ons, like crushed Oreos and M&Ms add flavor and profit.

Sheriff McFadden speaking at Newsmakers Breakfast July 25 Mecklenburg County Sheriff Garry McFadden will be the Newsmakers Breakfast speaker July 25 at The Peninsula Club. The 36-year veteran of the Charlotte Mecklenburg Police McFadden Dept. was elected county sheriff last year. The department has made the news around traffic enforcement in Cornelius as well as whether or not to report the immigration status of its inmates to Immigration and Customs Enforcement.. Newsmakers Breakfasts, which cost $13 to attend, are open-forum 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 8:05 a.m. and concludes at 9 a.m. The $13 cost includes a full country breakfast. Reserve a seat by calling 704-8951335 with Visa or MasterCard. The Presenting Sponsor is Ckezepis Law Firm, based in Huntersville. The Breakfast Sponsors are Allen Tate Realtors Dixie Dean and Christina Stone and Irvin Law Group Coffee Sponsors are Davidson Wealth Management, KS Audio Video, and Carolina Trust Bank.


Business Today

July 2019

ENTREPRENEUR

Congratulations

to several of our clients:

Pediatric Advanced Therapy (PAT) - completed a $1.8 million financing with United Community Bank supporting the company’s ongoing growth in locations (currently Mooresville, Charlotte and Salisbury), facility space, and staffing. PAT provides occupational, physical, speech, and psychological therapy to children. SF Managing Director Dave Gilroy is a co-owner and advisor to PAT.

Vo’s next Waterbean will be in the new Montford Park complex off Park Road in Charlotte where rents range up to about $3,100 monthly

Waterbean eyes new locations as business nears 6-year mark Five years and five locations later, Tony Vo, the entrepreneur behind Waterbean has secured his own coffee farm in Vietnam. “We will eventually have coffee shipped directly from Vietnam to our stores. It’s like having your own garden,” he says. Vietnam is the second largest coffee exporter, after Brazil. However, the majority of coffee from Vietnam is Robusta, a sturdy bean with low acidity and high bitterness. In the specialty coffee world, Arabica is more common, “so I want to change that,” Vo says, explaining that he will soon announce another expansion. “We’re actually the largest and fastest-growing local coffee shop from Lake Norman to Charlotte. We have the biggest footprint in term of square footage and actual locations,” he says. The business employs about three dozen people. Vo’s newest location is in Midtown Charlotte near Trader Joe’s; the largest location is in the Northcross Shopping Center at Hwy. 73 and 21 in Huntersville. Annual revenue is in the $1.5 million to $2 million range. Rent is one of the largest expenses. After all, coffee shops are in prime retail real estate, with upwards of $25 a square foot. But he also invests in people.

How do you hire and retain employees in a tight job market? Vo: We’re very fortunate to have the best people working for us. I know what it is like to work for someone, so I want to create an environment that everyone wants to work at. We’re a big family and, even in this tight job market, what sets us apart is everyone that works for us knows that I care very much about them and not only about my bottom line. That’s all that the majority of businesses care about. But for me that has never been the No. 1 priority. My priority is our customers and community, so I have to retain the best people. This keeps our turnover very low. We usually do not need to hire a lot because not many people quit. That’s very hard to do, especially in retail.

What’s your “secret business sauce?” Vo: Our customers. Customers are our family, and we really mean that. That means we can never cut corners when it comes to quality. But what sets us apart is our staff. We have an amazing staff here, and when you surround yourself with people who have high integrity and loyalty and who know how to have fun, the sky is the limit for any business!

Horsepower Site Services (HSS) - completed a highly successful control-change recapitalization with Colorado-based MCG Civil. HSS provides site construction services including grading, paving, underground utilities, sewer, erosion control, etc. Dave Gilroy advised HSS throughout the process. Gilroy remains an investor/partner in the business going forward and Bill Schiffli is part-time CFO. Cayden Security - completed a strategic sale of the company to NY-based SCE Group. Cayden is a national provider of cyber security, IT risk management, and compliance solutions, and is also a portfolio company of Atlanta-based Fulcrum Equity Partners. SF Managing Director Dave Gilroy managed the company sale process end-to-end. Better Car People, (BCP) - completed a major growth recapitalization with private equity firm Graham Group. Monroe-based BCP is a fast growing SaaS provider of sales, service, and lead management solutions to auto dealers all over North America. SF Managing Director Dave Gilroy advised BCP throughout the transaction process and SF Partner Bill Schiffli is part-time CFO for the company.

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Business Today

4 July 2019

If you have items for BT PEOPLE, send to businesstodaync@gmail.com

Keela Shumard joins Allen Tate Allen Tate Relocation and Corporate Services, a division of the Allen Tate Companies, has named Keela Shumard as director of operations. She will Shumard oversee relocation services for Allen Tate Relocation clients as well as manage and train staff. Shumard has 25 years in the relocation business, working in roles as a relocation counselor, trainer, operations manager and account manager. She is experienced in both government and corporate home sales, as well as domestic and international relocations. She holds the Certified Relocation Professional® (CRP) and Global Mobility Specialist® (GMS) designations and has completed Asher Sales Training and Development and American Management Association Presentation Training.

Bacola new LKN market executive for Aquesta Chris Bacola is the new Lake Norman m arket executive and senior vice president at Aquesta Bank, which has branches in Cornelius, Davidson, Huntersville and Mooresville, Bacola as well as Charlotte and Wilmington. He has more than 20 years of banking experience and previously worked for Home Trust Bank. Bacola received his MBA from Lynchburg College and his BS from Liberty University.

Healy gets down to business at UNCC

UNCC head football coach Will Healy When Will Healy arrived at Austin Peay State University in Tennessee in 2016, one of the first things the new football coach did was change its logo so everyone understood they were in Tennessee, not Austin, Texas. He also organized one of the most impressive turnarounds in college football history, taking the team from 0-8 to 7-1. Now the new coach of the UNCCharlotte 49ers football hopes to re-shape the team and build a winning brand that attracts the best new recruits. The 34-year-old will earn about $700,000 annually, not including incentives and additional payments, for the next five years. Redesigning the 49-ers logo—there are “multiple shades” of green and different treatments—and new marketing strategies came up during Healy’s offthe-cuff remarks at the Lake Norman Chamber Power Luncheon in June. He talked about expanding the stadium even though the 15,000-seat arena hasn’t typically been filled for a game.

“What are you going to do when we fill it for two straight years,” he asked. The Eddie Robinson Award winner and National FCS Coach of the Year was selected as the head football coach for the Charlotte 49ers in December. He is known for infusing energy and enthusiasm in his program, as well as being a gifted recruiter. Healy replaced Brad Lambert who lead the 49-ers to a 5-7 season last year. Healy compared recruiting in this day and age to an arms race. “Guys want to feel good about where they play,” he said, mentioning topics like a name change and a new entrance for the university. The coaching phenom credits his success as a people manager to “hiring right.” The 2008 graduate of the University of Richmond was a team captain on the Spiders’ 2008 FCS National Title team. “I feel like I have surrounded myself with people who are better than I am,” he said. “I want to have a staff meeting all the time. I love my guys.”

Three new attorneys at McIntosh The McIntosh Law Firm in Davidson has added three attorneys: Jeff Gray has practiced law for over 30 years in both the private and corporate sectors. He spent more than two decades at Lowe’s Cos. as it transitioned from a contractor focused retailer to one of the world’s largest home improvement retailers. Gray He will focus on the firm’s commercial real estate practice.

Shaheen

Larry Shaheen Jr., the well-known political advisor, has joined the firm as in-house general counsel position. He will help broaden the services offered to commercial real estate clients, including property tax appeals and

condemnation. Gaither Keener is a new Special Counsel, coming from Lowe’s where he served as executive vice president, chief legal officer and corporate secretary.

Keener


February 2019

BUDGETS & W ORKFORCE

Rethink Your Garage

Education spending: A tale of three counties BY DEBBIE GRIFFIN As each county completes its budgeting process and sets a tax rate, companies throughout Cabarrus, Iredell and Mecklenburg counties have the tax data they’ve been missing and needing to plug into various businessfinance formulas. Each county had until June 30 to approve a budget, including a tax rate for the next fiscal year. • Cabarrus County: 74 cents per $100 of assessed value, a 2-cent increase. • Iredell County: 52.75 cents per $100 of assessed value, an increase of zero. • Mecklenburg County: 61.69 cents per $100 of assessed value, a decrease from 82.32 cents. What will people and businesses pay for schools and county services? These numbers are based on a property value of $250,000 and don’t include city tax rates: • Cabarrus = $1,850/year or $154/ month • Iredell = $1,319/year or $110/ month • Mecklenburg = year/$129 per month.

$1,542

per

Mecklenburg and Iredell counties conducted large-scale property revaluations in 2018, and owners received notices this spring about their new, increased values. Iredell values were reported to go up between 4% and 18%, depending on the property’s location

in the county. In Mecklenburg, commercial values are up a median 77%, some considerably higher. The revaluation will generate new tax revenue, so Mecklenburg was able to decrease its tax rate per $100 of assessed value.

Education Business needs workforce development and schools need funding, with about 25% of district budgets coming from local-county sources, 11% or so from federal coffers, and the remainder from North Carolina. Two of the school budgets comprise approximately half of its county’s overall budget. Schools in Mecklenburg County requested a 15% increase plus $13 million in one-time funding but got 10.2%, representing an overall increase from $484 million to $534 million. Education represents about 28% of its overall, $1.9 billion budget. The school board in Iredell County requested an additional $7.2 million in funding, an increase of nearly 20%. The county did not increase its tax rate for school funding because the countywide revaluation is expected to generate in the neighborhood of $10 million in additional revenue, which commissioners explained will be used to fund future, ongoing, operational needs of the schools and county. Iredell had asked taxpayers last year for a quarter-percent increase in the sales tax that would fund the school and county needs, but the measure was denied. CommisEducation continued on page 10

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6 July 2019

Medical

marijuana

Business Today

Billion-dollar industry becomes more legitimized every day BY ERICA BATTEN The question of whether to legalize the medical use of marijuana is about more than just the health effects, but the potential for cannabis products to treat chronic pain, anxiety, insomnia and inflammation, among other potential medicinal benefits, is what typically starts the conversation. Medical marijuana is already legal in 15 states, and pending in 14 more. California is currently considering legalizing marijuana for recreational purposes, not just medical. NC House Bill 401 would create the Medical Cannabis Act, which would protect patients with a registry identification card with debilitating medical conditions and their physicians and caregivers, from arrest and prosecution. At a Newsmakers Breakfast hosted by Business Today in June, Dr. William Wright, an addiction psychiatrist with Atrium Health, and Jeff Tarte, a former NC District 41 senator who served on the Senate Health Care Committee for six years, hashed out the pros and cons.

Former NC Sen. Jeff Tarte and William Wright, MD, an addiction specialist at Atrium “The vast majority of the [North Carolina] population wants it legalized,” said Tarte. But legalization has “social impact issues,” including potential increased hospitalization and traffic fatality rates—and the potential for legalization to actually drive the black market. That’s what has happened in Colorado, Tarte said, where out-of-state sellers use the state’s system of legal dispensaries to locate customers. Tarte

said he has been in frequent contact with legislators from that state, where medicinal marijuana use was legalized in 2000. Cannabis is the umbrella term for a family of plants that include both the marijuana plant and the hemp plant. Marijuana plants and their derivatives contain high levels of tetrahydrocannabinol or THC, the psychoactive ingredient that produces a “high.” While hemp products also contain low levels

of THC, they contain high levels of cannabidiol, or CBD, and are typically used to produce CBD oils for therapeutic use. CBD products are legal in North Carolina as long as the THC levels do not exceed 0.3 percent. According to the World Health Organization, CBD can potentially treat several major diseases, such as Alzheimer’s disease, Crohn’s disease and multiple sclerosis. CBD’s potential for disease treatment extends to other


June 2019

drug addiction, including addiction to opioids, cocaine and psychostimulants. For most disease treatment, the research is limited. However, the WHO reports that clinical trials have proven the effectiveness of CBD in treating some forms of epilepsy. “There’s not the greatest evidence for its use as what [proponents of legalization] tout it for,” said Wright, who pointed to grim statistics about teen marijuana use in states where it had been legalized. “What we know is that cannabis interferes with brain development,” he said. Like Tarte, Wright is concerned

Michael Sims, owner Charlotte CBD about the effects of marijuana use on the population at large, particularly when it comes to highway safety. “Your reflexes are still impaired,” Wright said. “Your reaction time is still impaired.” He also questioned the medical benefits of cannabis. A recent article in The Atlantic magazine highlighted findings from the Proceedings of the National Academy of Sciences suggesting an increase in opioid overdose deaths in states where medical marijuana has been legalized—not the expected decrease that had accompanied what was to be an alternative to opioid-based pain management. There seems to be a new Gold Rush under way, with shops popping up in retail locations almost everywhere. “We don’t have enough data,” Wright said about the purported benefits of medical marijuana use. He added that physicians are wary of giving the green-light to a drug that hasn’t been well studied, particularly in light of the medical profession’s role in advancing opioid use and the ensuing abuse epidemic. “I’m afraid we’re getting into the same kind of thing,” Wright said. “There has to be more research.”

Medicinal uses for marijuana have not been thoroughly studied—and won’t be—as long as the drug remains a Schedule I controlled substance under federal law. What research has been done involves the increasing potency of marijuana, Wright said. Through bioengineering, the levels of THC in these plants have increased exponentially in the last 25 years. Whereas the typical level of THC in marijuana in 1995 was 4%, today it’s about 12%, with several varieties greatly exceeding that level. One, dubbed “Girl Scout Cookies,” has a THC level of almost 22%. For derivatives like oils, waxes and a glassy concentrate called shatter, THC levels can reach 97%. “I’ve seen products with 100%,” said Michael Sims, owner of Charlotte CBD, which opened in October. He, along with Lee VanTine, used the panel discussion’s question-and-answer format to express dissenting views on the legalization of marijuana. VanTine is the proprietor of Apotheca CBD stores in Greensboro and Asheville, with a store opening soon in Cornelius. “We’re being fed misinformation,” said Sims. “I have patients coming in every day in tears, saying that they’ve been on 12, 13 medications, and now they’re on nothing.” VanTine agreed. “There’s a lot of one-sidedness going on,” he said. “We have anecdotal evidence. All. Day. Long.” Whether the science will ultimately support medicinal use of cannabis products or not, Sims is poised to take advantage of its potential legalization in what has traditionally been a tobacco-producing state. He said his store is set up like a dispensary, where clients are advised of the possible effects of cannabis therapeutics and are required to present proof of age. “We market very clearly,” Sims said. “We take it very seriously.” The Newsmakers Breakfast presenting sponsor was Ckezepis Law. The Breakfast sponsors were Jack’s Corner Tap and KS Audio Video. The Coffee sponsors were James Funeral Home, Aquesta Bank, and Allen Tate realtors Dixie Dean and Christina Stone.

7

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Business Today

8 July 2019

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Concord-Padgett Regional Airport has landed an international certification for best practices in business aviation ground handlers, including safety management. Concord is only the second fixedbased operator in North Carolina to achieve top honors from the International Standard for Business Aircraft Handling. The airport undertook the certification process in 2017, focusing on upgrading equipment, updating the Safety Management System (SMS) program, updating Standard Operating Procedures (SOP) manuals and employee training and successfully completing an independent audit of operations and changes made to meet IS-BAH standards. Communication is one of the key aspects of the IS-BAH program, and part of the Stage II process. The airport encourages all tenants and visitors to report safety and security issues to Aviation staff so it can continue providing the safest operating environment pos-

sible. The airport is operated by over 40 City of Concord Aviation Department coworkers who provide aircraft fueling, hangaring, tie-down, parking, and customer services. The Concord airport was one of the first airports in the nation to partner with the FAA and complete a SMS program for a general aviation airport. Many airport operations are related to the motorsports industry as most NASCAR related teams are located in the Charlotte region, several with facilities adjacent to or near the airport. The airport’s strong general aviation focus has been enhanced by the availability of Allegiant Air’s scheduled passenger service to six destinations. The airport opened in 1994 with a general aviation terminal and a 5,500foot runway and has grown to be one of the busiest airports in the Carolinas.

Mooresville outfit adopts ESOP to help spur growth AMS Retail Solutions says a new ESOP and a new contract with Samsung Home Appliances will help the Mooesville company to double its size to 1,000 employees. In the past nine months, AMS has acquired its largest customer by “having the industry’s best work- Ballard force and capabilities,” said AMS chairman and chief operating officer Bruce Ballard. An Employee Stock Ownership Plan, which gives ownership to the people who helped build the company, will help with recruiting in a tight labor market. “It is the right time to share with the people who made us successful and to further differentiate AMS from private-equity owned competitors,” Ballard said. AMS works with large, global brands across all 50 states and Canada.

Started in 1999 as an exclusive instore merchandising service provider to American Water Heater Company (AWHC) in Tennessee, AMS’ clients include Husqvarna, Bissell, Bosch Home Appliances and Bosch Power Tools as well as Samsung Home Appliances. AMS employees work in large retailers like Lowe’s and Best Buy, representing clients’ technologically advanced and innovative products. AMS personnel educate retailers’ sales associates/managers to increase recommendations for their clients’ products and drive incremental sales through training, merchandising, product demonstrations and assisted selling events. Nearly all AMS U.S. employees can be company owners, including parttime employees age 21 and older who work more than 1,000 hours annually. Vesting is over a six-year period, and AMS will accelerate vesting by one year for every four years of prior continuous service.


Business Today

July 2019

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Business Today

10 July 2019 Education continued from page 5

sioners said the failed measure is why the tax rate wasn’t lowered after the recent revaluation. Iredell’s school budget last year was $95.7 million and for next year is $103.5 million. Education represents 46% of Iredell’s overall $222.6 million budget. Cabarrus County Schools’ proposed budget for nearly $128 million represents an increase of about 1.79% over last year’s $125.7 million for schools. The 2020 budget includes approval of about $1.5 million in debt service to buy land that in the future will be home to a new Cabarrus County middle and high school, as well as a library-senior center. Its education expenses comprise about 46% of its overall budget of $275.8 million.

Population Growth drives the need for bigger schools, more roads and improved or expanded infrastructure. A check with the U.S. Census Bureau shows county population numbers:

Top Women continued from page 1

Cabarrus County funds the capital needs of the schools in addition to many other services. We are in the process of building our eighthschool since I became a commissioner and we need to build a new courthouse because of growth. In addition, cost of living goes up for the county to provide the services we do, just as it does for our citizens. Education is 47% of our budget and we still can’t meet all of our needs in as timely of a fashion, but we are doing the best Kane we can to take proactive steps to keep taxes low. —Diane Honeycutt, commissioner Cabarrus County Board 2018, from 178,087 people to 211,343. • Iredell grew 12% in that same period, from 157,451 people to 178,435. • Mecklenburg grew 19%, too, from 919,668 people to 1,093,901. The United States’ overall population has grown by an average of 6% since the last Census.

Employer establishments* • Cabarrus – 4,234 • Iredell – 4,633

Honeycutt

• Mecklenburg – 30,988 *Source: US Census

• Cabarrus grew 19% from 2010-

Works For Me! “Aquesta’s own advertising in Cornelius Today and Business Today has helped us succeed far more than other forms of advertising. I love seeing the new businesses that Aquesta Bank has financed in the ads and articles in Business Today and Cornelius Today. Local residents and local businesses supporting each other for a better and more prosperous community – this is what Cornelius Today, Business Today and Aquesta Bank are all about!”

Laura Engel, VP Marketing Director & Shareholder Relations

To find out how we can work for you call 704.895.1335

Sprizzi continued from page 1

they’re serious. “These two hires came at the optimum time, as we quickly and eagerly approach our U.S. launch,” said Michael Breault, President and CEO The opening has been delayed from late spring to summer to possibly this fall. Company officials said hiring is under way, with about 40 expected at launch-time and up to 250 when production is ramped up. Meanwhile, Sprizzi has launched a new line of flavors called “1767” in honor of the year that chemist Joseph Priestly discovered that he could infuse water with carbon dioxide. The line features colas, a Dr. Spicer flavor, ginger ale and a vanilla cream, all with natural ingredients. “The definition of health is changing from desiring low/no-fat and -sugar, to ‘real’ or unadulterated ingredients,” said Michael Breault, CEO. “Craft and natural sodas provide new flavor experiences, including blends of fruits, spices and herbs, while hitting naturally sweetened and premium ingredient trends,” he said.

Cotham

Engel

Lawrence

Country Club on Oct. 17 The awards have a tradition of recognizing career achievement, community service and impact. Top Women winners exemplify the contributions women have made to business and the community. The underlying message of Top Women Awards over the past 15 years is that the sky is the limit for women. Nominees are often owners, founders or partners of small, medium and large companies and nonprofits. The judges’ criteria includes, in part, leadership skills, giving back and, of course, achievement. Applications may be submitted online beginning July 16. Applicants are invited to selfnominate. The essay question this year isn’t easy: How did you overcome what once looked like failure? To be eligible, women leaders should be based in the “Golden Crescent,” a business region that stretches from Lake Norman to Cabarrus. They should have a history that includes impact, giving back and longevity.


Business Today

July 2019

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12 July 2019

News-

News from www.Businesstodaync.com

Lowe’s picks Charlotte for tech hub June 29. Mooresville-based home improvement company Lowe’s will bring 1,600 new jobs to a new $153 million technology center in Charlotte. Four hundred employees will be relocated from Mooresville. Average annual salaries will be over $114,000. Lowe’s received $54 million in incentives, helping Charlotte land this project over Dallas, Texas. The 23-story Design Center Tower will be at the corner of Worthington and Camden, currently a parking lot. They’re still keeping the existing headquarters in Mooresville. Gov. Roy Cooper, who announced the expansion, said, “Lowe’s is expanding in a way that will take technology to new heights and this company knows its home state can provide the highly trained workforce it needs.” Lowe’s serves more than 18 million customers a week in the United States and Canada across more than 2,200 home improvement and hardware stores. Associates at the new center will help accelerate the company’s technology transformation, serving as an

epicenter for the team that will help modernize technology systems for the company. The company announced in December it would add up to 2,000 technology associates to transform the company’s technology. Most of the new positions will be based at the new center in Charlotte, while others will join at existing Lowe’s locations where it has a strong technology team presence, including the headquarters in Mooresville. “We’re excited to stand up our new global technology center here in

North Carolina to continue to drive our company’s growth,” said Marvin R. Ellison, Lowe’s president and CEO, who joined the company in July 2018. “Locating our new facility in the heart of Charlotte, the state’s largest metropolitan area, will enable Lowe’s to attract top technology talent and foster collaboration with our teams in our nearby Mooresville headquarters. This team will create technology solutions that will accelerate our commitment to becoming a bestin-class, omni-channel retailer and

strengthen our associate and customer experiences.” The Design Center will open in late 2021. The developer is a joint venture between Childress Klein and RAM Realty Advisors. Ground -breaking is next month. Adjacent to the Lynx Blue Line light rail, the Rail Trail, restaurants and available parking and housing, the new building will provide attractive amenities for the area’s top tech professionals. The Charlotte Plaza in uptown Charlotte will serve as the interim home for the Lowe’s tech center.

Greenheck, a manufacturer, announces $58.8M expansion in Shelby

Greenheck Group, a Wisconsinbased manufacturer of commercial and industrial ventilation equipment, will build a $58.8 million campus in Shelby, bringing 400 new jobs. Greenheck already employs more than 400 people in North Carolina. “With the addition of a campus we will be able to offer team members a variety of career opportunities and amenities,” said Dave Kallstrom, president. “The close proximity to our customers and ready access to a smart, talented workforce made the decision to expand our footprint in Shelby an effortless one.” The North Carolina Department of Commerce and the Economic Development Partnership of N.C. (EDPNC) led the state’s support for the company’s decision, with support from Gov. Roy Cooper’s office as well as Cleveland County, the City of Shelby and the Cleveland County Economic Development Partnership.


May 2019

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13


14 July 2019

GROWTH STRATEGIES

Business Today

Savvy Use of Technology Helps You Sell More that’ view. Unsolicited messages should have clear and specific purposes. The “just nice to know” data may train your customers to ignore your communications. Don’t mistake frequency for relevance in the mind of the customer.

The customer experience is composed of many facets in the sales process, over a period of time, if in fact you are granted the time to sell to them. Make sure you are continually assessing how what you do (or don’t do) influences the customer; find ways you can access their time, and win that sale. And don’t try so hard to be available that you jeopardize your relationship. Using technology to allow your customers to reach you any time allows you to be easily accessible when they want your assistance, product or service. That’s great! As long as you treat every interaction with unwavering polished professionalism, scrutinize each communication with acute active listening, and reliably follow through efficiently. We don’t all have unflinchingly perfect poise.

Stay in control of your image Being “live and on-call” all of the time can create a risky situation; you may find yourself interacting with a customer when you are fractionalized in your attention, exhausted, or in a casual setting that allows you to feel less than ideally professional. It would be better at times like these to purposefully not be “live” but rather allow a message to

wait, at least until you can fully focus on the customer, assure you are clear thinking, and in an environment that creates a professional frame of mind for you. Not all customer calls are urgent; technology allows you to sort them by priority. This may mean a few minutes delay while you re-situate, asking someone to take your calls for a while, using a different medium of communication that is not a live conversation to reply in a professional tone even when you don’t

Invite specific feedback

feel professional, or using an extended delay before replying to non-urgent communications. Just because they could communicate with me live, I’ve had sales professionals: • Try to answer my service call when they were driving with exuberant children in the car • Talk with me while at another customer’s site and they bad mouthed that customer to me; • Give me a courtesy call late in the evening (10:00 p.m.) to ask how my dental work done early that day was doing (it was the ‘first chance’ they had to call and check on me) • Giggle while apologizing for not being clear in their speech because they were inebriated Leave your image intact! Wait until you have your professional self together before communicating with a customer.

Maintain your relevance to the customer Using the latest technological tools to pepper communications to customers’ eyes and slather their senses with bright images of your products and services is certainly, getting in front of them. But that is not always helpful. If they don’t need what you are selling at the moment, or worse, if your communications become so prolific or distracting you become a barrier between them and what they are trying to read or do, you have become an annoyance—not what you want. In essence, just because you can frequently send one-way messages, if those messages don’t have unique identifying purposes, they can become a blur vs. a clear reason to find, ‘I need

The most welcomed surveys are personalized and ask for open-ended feedback. Check-the box surveys are fast and easy to complete, easy to process, and are often completed. However, it’s the details of a customer experience that can offer the most value. By allowing free-form feedback, you may glean critical insight otherwise missed completely. Though subjective written answers vs. categorical boxes are more challenging to analyze, technology can offer you ways to quantify and analyze this information alongside the standardized survey data.

Be prepared A dissatisfied customer may take the time to explain to you much about their transaction while a satisfied customer may not. This means you may have to be willing to see you and your services through the eyes of one who doesn’t think you are doing the best you can; it may not be comfortable but it will yield value. From this person you may learn much more than from many happy customers. Be willing to ask and listen. Technology offers sales processes much efficiency. Make sure your use of it is also effective.

Cheryl Kane, is a strategic business consultant, sales trainer, & professional speaker specializing in strategic planning and service quality. If you seek assistance in growing your business, need a business speaker, or have a topic you would like to see in this column, Cheryl welcomes your communication at email: CherylKane@cherylkane.net.


Business Today

July 2019

ON T HE RECORD

THIS MONTH TRANSACTIONS…………….... 15-18 FORECLOSURES……………..........18 NEW CORPORATIONS………...18-19

REAL ESTATE TRANSACTIONS These recent property transactions in Cornelius, Davidson and Huntersville were recorded by the Mecklenburg County Register of Deeds.

Mecklenburg County 5/30/19 $232,000 Christopher Chidgey to Betty Dias, 19779 Playwrights Way, Cornelius 5/30/19 $252,000 Devin & James Gracely to SPH One, 7510 Lullwater Cove, Huntersville 5/30/19 $380,000 Robert & Sara Mayer to Julie & Michael Britt, 15432 Saxon Trace Ct., Huntersville 5/30/19 $511,000 Epcon Kinnamon Park to Janie Gaylord, 10117 Passau Path Dr., Huntersville 5/30/19 $433,000 Joseph Dahl to Thomas & Salena Kelly, 17028 Pennington Dr., Huntersville 5/30/19 $264,000 Paula Foss to Toni Barbee, 8000 Leisure Ln., Huntersville 5/30/19 $850,000 Sarah & Christopher Teague to Darrell & Laura Freeman, 18706 Peninsula Cove Ln., Cornelius 5/30/19 $319,000 Eric & Lauren Scott to David Keli Mrotek, 12418 Brenthaven Dr., Davidson 5/30/19 $328,000 Scott & Suzanne Mitchell to Timothy Cleavenger, 12421 Willingdon Rd., Huntersville 5/30/19 $397,000 Standard Pacific of the Carolinas to Stephen & Allyson Dixon, 17423 Shearer Rd., Davidson 5/31/19 $357,000 William & Kristen Rogers to Lauren & Babak Shabanpour, 8810 Lizzie Ln., Huntersville 5/31/19 $398,000 William & Emily Mueller to 12609 Kane Alexander LLC, 12609 Kane Alexander Dr., Huntersville

5/31/19 $315,000 Alexandria Carpenter to Jake Wagner & Grace Guttormson, 13729 Dutch Fork Dr., Huntersville 5/31/19 $2,700,000 Robert Safari & Atessa Safari to Joy Evans, 18402 Peninsula Cove Ln., Cornelius 5/31/19 $793,500 W. Norman & Nadine Roth toJennifer & Kenneth Buck Jr., 18300 River Ford Dr., Davidson 5/31/19 $250,000 Peter & Mary Terenzio Trust to Michael Watkins, 10509 Quarrier Dr., Cornelius 5/31/19 $290,000 Ellen Osborne to Jill Ganley, 21012 Entrada Dr., Cornelius 5/31/19 $283,000 Deanna & Brian Slep to Thomas & Jennifer Lauda, 9824 Caldwell Depot Rd., Cornelius 5/31/19 $515,000 Charles & Allison Puckett to Trevin & Jamie Francom, 9351 Standerwick Ln., Hunersville 5/31/19 $950,000 Angelina & Robert Lauer Jr. To Eric & Karen Rowe, 13019 Westmoreland Farm Rd., Davidson 5/31/19 $283,000 Standard Pacific of the Carolinas to Dinbko & Jenna Vujic, 15509 Davidson East Dr., Davidson 5/31/19 $358,500 Richard & Holly Rehbock to Abigail Camarota & Joseph Mscisz Jr., 159 28 Lavenham Rd., Huntersville 5/31/19 $452,000 Bruce & Jacqueline Hawtin to Mark Roches & Lee Gendreau, 18549 Boulder Rock Loop, Davidson 5/31/19 $277,000 James Quattlebaum to Abbie Rosario & Carrie Rosario, 15546 Crossing Gate Dr., Cornelius 5/31/19 $382,000 Caitlin & Andrew Woolford to Devin & James Gracely Jr., 8716 Cool Meadow Dr., Huntersville 5/31/19 $410,000 Edwin & Sarah Schlichter to Michael & Mandi Flake, 11638 Bradford Park Dr., Davidson 5/31/19 $495,000 Heather & Robert Dubiel to Eric & Kathryn Sherman, 19115 Berkeley Commons Dr., Cornelius 5/31/19 $327,000 Richard & Kerrie Wenzel to Ethel Zimmer, 15603 Gallant Ridge Place, Huntersville 5/31/19 $435,000 Richard & Linda Jones to Kevin & Deborah Kingry, 1158 South St., Cornelius 6/3/19 $250,000 Opendoor Property D to Jacob Klein, 16125 Kelly Park Cir., Huntersville 6/3/19 $388,000 Timothy & Casey Curtis to Jacquelyn Smith & Matthew Vogel, 8710 Lake Pines Dr., Cornelius

6/3/19 $473,000 Brian & Cathleen Stenger to Carmine & Laura Malone, 107 Spencer St., Davidson 6/3/19 $625,000 Brian & Julie Gibbons to Marc Schulman & Mary Lynn Krolczyk, 19814 River Run Dr., Davidson 6/3/19 $281,000 Christopher & Amber Caldwell to Abigail & Christopher Uthe Jr., 9215 Island Overlook Ct., Cornelius 6/3/19 $405,000 Opendoor Property W25 to Derek & Christina Debruhl, 1425 Harvington Dr., Huntersville 6/3/19 $345,000 William & Renee Jones to Nicholas & Laura Rabilpour, 8737 Oakham St., Huntersville 6/3/19 $380,000 Opendoor Property W35 to Anna & Ricard Kwarteng, 12422 Kemerton Ln., Huntersville 6/3/19 $400,000 Chadwick & Melissa Jones to Stephen & Natalie Paavola, 14033 Harvington Dr., Huntersville 6/3/19 $360,000 Richard & Cheryl Smith to Justin & Morgan Molenaur, 15605 Wynford Hall St., Huntersville 6/3/19 $250,000 Todd Cimmino & Svetlina Kirkyakova to Clarrissa Ann Surowski, 18832 Nautical Dr. Unit 51, Cornelius 6/3/19 $390,500 Standard Pacific of the Carolinas to Shannon & Christopher Link, 17517 Shearer Rd., Davidson 6/3/19 $414,500 Standard Pacific of the Carolinas to Brian & Samara McMillen, 17510 Shearer Rd., Davidson 6/3/19 $465,000 Standard Pacific of the Carolinas to Grant & Lauren Truex, 17520 Julees Walk Ln., Davidson 6/4/19 $260,000 John & Ellen Kazmierczak to Paul & Julian Arena, 17020 Shady Glen Dr., Cornelius 6/4/19 $930,000 Didier Teirlinck & Claire Conchom to Alberto Mizrachi & Vanessa Bal, 17116 Jetton Rd., Cornelius 6/5/19 $382,000 Frederick & Kathleen Moscatelli to Kyle Cox & Natalie Nortman, 13521 Northbourne Rd., Huntersville 6/6/19 $515,000 Sandra Ferrell to Blake & Sarah Honeycutt, 17431 Summer Place Dr., Cornelius 6/6/19 $277,500 Caroline & Marc Mayer to Eric Bareis, 19139 Juanita Ln., Cornelius 6/6/19 $388,500 Rendino Revocable Trust & Michael Rendino to David Fuller & Cynthia Holland, 1022 South St., Cornelius 6/6/19 $850,000 Tiffany & Robert Coscia

15

to Matthew & Megan Lineberger, 16716 Yardarm Ln., Cornelius 6/6/19 $3,200,000 Douglas & Shannon Jones to Paul Curran, 17130 Freshwater Ln., Cornelius 6/6/19 $410,000 Melody & Charles Wood Jr. to Kristina & John Boykin, Lot 188 Antiquity, Cornelius 6/6/19 $510,000 Brandy Baker to Carl & Jennifer Anderson, 19106 Southport Dr., Cornelius 6/7/19 $291,500 Nathan & Kimberly Bishop to Opendoor Homes Phoenix 2, 15637 Seafield Ln., Huntersville 6/7/19 $405,000 Suzette & Stephen Marek to Maribeth Amy, 10502 Donahue Dr,. Huntersville 6/7/19 $685,000 Taylor & Cynthia Koch to Michael & Terry O’Connell, 1019 San Michele Pl., Davidson 6/7/19 $354,000 Opendoe Property C to Thomas & Leann Moyer, 9035 Magnolia Estates Dr., Cornelius 6/7/19 $271,500 John & Elizabeth moray to Gary Walker, 16508 Landen Forest Ln., Davidson 6/7/19 $500,000 John & Gilliam Steimke to Daniel & Martha French, Lot 44 River Run, Davidson 6/10/19 $735,000 Perry & Lisa Maddox to Timothy & Christine Murphy, 18401 Dunblane Ct., Cornelius 6/10/19 $300,000 Manmohan & Prithipal Madan to Nicholas & Mallory McConnell, 20908 Brinkley St., Cornelius 6/10/19 $392,000 Roberty Crowely & Sonya Little, Gergory & Susan Fiedler to Albert & Paula Fischlein, 15814 Burlingame Rd.,

More Mecklenburg Transactions online at www.BusinessTodayNC.com

Cabarrus County 05/29/19 $278,000 Subrahmanyam & Indira Sadhu to Ramya Renukuntla, 9818 Coley Dr., Huntersville 28078 05/29/19 $392,000 Michael & Theresa Greenhall to HPA US1 LLC, 728 Mercer Pl., Huntersville 28078 05/29/19 $295,000 Elsie Twigger to Brandy Horton, 430 Crestside Dr., Concord

continued on page 16

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16 July 2019

Business Today

O n T he Record

continued from page 15 05/29/19 $274,500 Adam & Nichole Perry to Jacob Terrell, 1245 Soothing Ct., Concord 05/29/19 $259,000 Red Wolf Real Estate Investments, LLC to Andrew & Anna Pohl, 9639 Widespread Ave., Concord 05/29/19 $332,000 D.R. Horton, Inc. to Gennette Fields-Smith, 5893 White Cedar Tr., Concord 05/29/19 $536,000 M/I Homes of Charlotte, LLC to Rensi & Rohit Sutaria, 2213 Sweet Pea Ln., Harrisburg 05/29/19 $359,000 NVR, Inc. to Keith Oteri, 10285 October Glory Way, Charlotte 28215 05/29/19 $411,000 Taylor Morrison of Carolinas, Inc. to Prasadvarma Jampana to Gayatri Nadimpalli, 1015 Capwalk Rd., Concord 05/29/19 $339,500 Journey Capital, LLC to John & Charity Reeves, 3291 Keady Mill Loop, Kannapolis 05/29/19 $305,000 Carla Ashton Revocable Living Trust to Ryan & Christina Brown, 13236 N.C. Hwy. 49 49, Mount Pleasant 05/29/19 $334,500 NVR, Inc. to Linda Pickett, 2363 Drake Mill Ln., Concord 05/29/19 $350,000 Shea Investment Fund III, LLC to Sebonti Sen, 738 Juniper Berry Ln., Harrisburg 05/29/19 $349,500 NVR, Inc. to Naveen & Ashwini Cheedella, 100040 Paper Birch Dr., Charlotte 28215 05/29/19 $925,000 Dwayne & Mamie

Hensley to Streetscape TW, LLC, 11.395 ac. at Poplar Tent Rd. & Harris Rds., Concord 05/29/19 $297,000 Andrew & Frances Lomonaco to Thomas & Christina Anderson, 8412 Willow Oak Ln., Harrisburg 05/30/19 $316,000 Floyd & Mary Hartsell to Bryan & Casey McCachren, 9529 Hickory Ridge Rd., Harrisburg 05/30/19 $268,000 Stephen & Scarlett Rumberg to Ronald & Charleen Jones, 4876 Keeneland Pl., Concord 05/30/19 $285,000 Joseph & Susan Ordasz to Kathryn Richards, 10808 Peddlers Ct., Davidson 28036 05/30/19 $468,500 Century Communities Southeast, LLC to Vinton & Latonya Simpson, 11308 Serenity Farm Dr., Midland 05/30/19 $364,500 Larry & Cynthia Cook to Rachel Stoner, 9547 Laguna Ave., Concord 05/30/19 $306,000 Meritage Homes of the Carolinas, Inc. to Alan & Gena Ward, 10090 Enclave Cr., Concord 05/30/19 $300,000 Eastwood Construction LLC to Tomica Edwards, 4398 Falls Lake Dr., Concord 05/30/19 $340,000 Lewis & Cynthia Stabel to Michael & Christina Yoder, 422 Claymont St., Concord 05/31/19 $345,000 Century Communities Southeast, LLC to Juan & Jessica Aviles, 11327 Cedarvale Farm Pkwys., Midland 05/31/19 $431,500 Bonterra Builders, LLC to Martelia Cunningham, 10004 Sunset Ridge

Ct., Midland 05/31/19 $2,500,000 Margaret Stallings and Billy McCharney to Farmingdale, LLC, 19 Franklin Ave., Concord 05/31/19 $310,000 Jason & Jennifer Huff to Reginald & Cassandra Springer, 4304 Britley Ln., Harrisburg 05/31/19 $360,000 Timothy & Rebecca Shivers to Donna McLain, 1316 Rolling Hills Ct., Concord 05/31/19 $344,000 Taylor Morrison of Carolinas, Inc. to Aimee Kabengele & Freddy Shembo, 499 Hunton Forest Dr., Concord 05/31/19 $395,000 D.R. Horton, Inc. to Jason & Leslie Minnick, 5854 Green Maple Run, Concord 05/31/19 $375,000 Betty Smith to Essex Land Entitlement, LLC, 9089 Robinson Church Rd., Concord 05/31/19 $314,500 NVR, Inc. to Kalalesh & Bijta Bhattacharya, 10286 October Glory Way, Charlotte 28215 05/31/19 $335,000 Raeford Troutman to Charles Liberatore, 3605 Greenside Dr., Concord 05/31/19 $290,000 Manuel Ortiz & Angelica Ulloa to Allen Marston, 6767 Thistledown Dr., Harrisburg 05/31/19 $317,000 NVR, Inc. to Derek & Catherine Berger, 10272 October Glory Way, Charlotte 28215 05/31/19 $250,000 Matthew & Stephanie McSparran to Christina Poole, 8237 Chatham

Oaks Dr., Concord 05/31/19 $459,500 Taylor Morrison of Carolinas, Inc. to Ravi Yarlagadda & Sushree Dash, 991 Capwalk Rd., Concord 05/31/19 $384,500 Ramy & Dina Georgy to Jason & Lisa Williams, 1108 Taranasay Ct., Charlotte 28269 05/31/19 $396,000 Taylor Morrison of Carolinas, Inc. to Brittany Mullman, 920 Parkland Pl., Concord 05/31/19 $357,000 NVR, Inc. to Jay Rhodes & Patricia Buontempo, 10374 Paper Birch Dr., Charlotte 28215 06/03/19 $417,000 Bonterra Builders, LLC to Thomas & Marjorie Vandeventer, 10939 Sparkle Creek Dr., Midland 06/03/19 $325,000 Meritage Homes of the Carolinas, Inc. to Dennis & Charlotte Bean, 5126 McSweeney Ln., Kannapolis 06/03/19 $427,000 Taylor Morrison of Carolinas, Inc. to Vineeth Kakkat & Sruthy Mampatta, 995 Capwalk Rd., Concord 06/03/19 $305,000 Stephen Emmerth to SPH TWO, LLLP, PTRP, 2215 Barrowcliffe Dr., Concord 06/03/19 $345,000 Derek & Catherine Berger to Randy & Tammy Oppy, 7926 Woodmere Dr., Harrisburg 06/03/19 $519,000 Dan & Teena Boone to John & Nancy Kapp, 5612 Yorke St., Concord 06/03/19 $462,000 Taylor Morrison of Carolinas, Inc. to Kevin Donnellan & Victoria Kummer, 10405 Paper Birch Dr., Charlotte 28215

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Huntersville - Cornelius - Davidson - Mooresville


Business Today 06/03/19 $378,000 D.R. Horton, Inc. to Alpeshkumar & Shilpabahen Patel, 1483 Coffeetree Dr., Concord 06/03/19 $375,000 D.R. Horton, Inc. to Bhaskara & Pallavi Beerakayala, 1461 Coffeetree Dr., Concord 06/03/19 $527,000 M/I Homes of Charlotte, LLC to Sudharani Parepalli, 983 Parkland Pl., Concord 06/03/19 $305,000 Samuel & Cynthia Lopez to Omar & Jessica Kamani and Rita Gable, 5684 Underwood Ave., Charlotte 27213 06/03/19 $295,000 Mark Alascio to Bret & Ashley Johnson, 11722 Crossroads Pl., Concord 06/03/19 $322,000 Wasim & Fawzia Anwar to Stephen & Jennifer Allen, 10131 Montrose Dr., Charlotte 28269 06/04/19 $415,000 Gaye Bodeis to Matthew & Valerie Pereira, 912 Hanover Dr., Concord 06/04/19 $385,000 Jennifer Epps & Quentin Smith to SPH ONE, LLLP, PTNRP, 917 Aragorn Ln., Charlotte 28269 06/04/19 $390,500 Mattamy Homes to Earley Properties LLC, 2716 Chaverny Pl., Concord 06/05/19 $285,000 NVR, Inc. to Glenn Gregory & Dawn Mills, 1540 Van Burch Ave., Concord 06/05/19 $388,500 Patrick & Mary Lynch to Charles & Christin Dow, 522 Fairwoods Dr., Huntersville 28078 06/05/19 $5,900,000 Seritage KMT Finance LLC to Concord Retail Investment Group, LLC, 545 US Hwy. 29N., Concord 06/05/19 $372,500 NVR, Inc. to Garry McFarland & Cynthia Gamble, 7389 Boson St., Concord 06/05/19 $319,000 Christian & Karen Richter to Jason Bristol & Christine Benitez, 1201 Bennington Dr., Concord 06/05/19 $450,000 Sylvia Williams-Simmons to Curtis Keaton, 197 Carlota Ct., Concord 06/06/19 $257,000 Kenneth Miles to Dillon & Aubrey Mangum, 286 Meadow Oaks Dr., Concord 06/06/19 $345,000 Michael & Judith Hickey to Piyush Parihar & Vandana Singh, 1269 Reflection Ave., Concord 06/06/19 $402,000 James & Buffy Dover to Jason & Krystle Stallings, 8207 Deer Dr., Harrisburg 06/06/19 $375,000 Fernando & Christine Ricart to Wilbur & Joy Joiner and Robert Williams, 522 Iron Horse Ln., Midland 06/06/19 $251,500 Opendoor Property C LLC to Amanda Hinson, 1253 Soothing Ct., Concord 06/06/19 $388,000 M/I Homes of Charlotte, LLC to Subrahmanyam Venkata & Indira Sadhu, 976 Bellegray Ln., Concord 06/06/19 $535,000 CCCP Properties, Inc. to Jun Deng & Nancy Zheng, 219 Le Phillip Ct., Concord 06/06/19 $325,000 Brian Stover & Nina Davis to Jacob & Amanda Williams, 8896 Happiness Rd., Harrisburg 06/07/19 $1,425,000 Journey Investment Group, LLC to MUPR3 Assets, LLC, Lots 1 – 9 of Rogers Lake Townhomes, Rogers Lake Rd., Kannapolis

More C abarrus Transactions online at www.BusinessTodayNC.com

O n T he Record

Iredell County 5/20/19 $818,000 Scott & Tru Byrnes to Troy & Angela Renken, 226 Bullfinch Rd. 28117 5/20/19 $498,400 Lakeshore Holdings to Jonathan & Sheri Campbell, 154 Kenway Loop 28117 5/20/19 $685,000 Lakeshore Holdings to Aaron & Kristen Feldman, 143 Tuskarora Point Ln. 28117 5/21/19 $470,000 Nest Homes to Cory & Christy Stucker, 149 Slocumb Ln. 28117 5/21/19 $350,000 Michael & Colleen O’Connell to Bradley & Megan Wolford, 116 Pamlico Ln. 28117 5/21/19 $325,000 D.R. Horton to Yong Lei & Qing Hua, 118 Sweet Leaf Ln. 28117 5/21/19 $595,000 Jennifer & Robert Reaves to Harry & Amy Marshall, 133 Bayberry Creek Cir. 28117 5/21/19 $388,000 Vonda Hall & Kaaryn Brackett to David & Tammy Hayes, 193 Bay Laurel Dr. 28115 5/21/19 $267,000 William & Casey Talley to Ann Edna Rogers, 252 Ervin Rd. 28117 5/22/19 $273,900 Douglas & Stephanie Berg to Arthur & Theresa Caldwell, 109 E. Fenway Ave. 28117 5/22/19 $550,000 T&M Investments of Lake Norman to Jan & Bruce Pickett, 196 Elysian Dr. 28117 5/22/19 $586,000 Nest Homes to Cirrus Property Management, 106 Slocumb Ln. 28117 5/22/19 $845,000 Nest Homes to G.R. & Kristina Schrotenboer, 147 Little Indian Loop 28117 5/22/19 $383,500 Eastwood Construction to Toby & Shawnel Peecher, 135 Morden Loop 28115 5/22/19 $287,500 Richard & Deborah Shutt to Derek & Kari Ayres, 111 Silverleaf Ln. 28115 5/23/19 $330,000 D.R. Horton to Irina & Douglas Desherlia, 112 W. Northstone Rd. 28115 5/23/19 $395,000 Michael & Jill Prpich to Joseph & Kristy Del Monte, 144 Fernbrook Dr. 28117 5/23/19 $355,500 Standard Pacific of the Carolinas to Liliana Do Amaral Meneses, 155 Rainberry Dr. 28117 5/23/19 $295,000 Kristin & Patrick Rice to Michael & Jill Prpich, 113 Edenton Ln. 28117 5/23/19 $325,000 Brett & Melissa Humphrey to Darren H. Cox, 232 W. Wilson Ave. 28115 5/24/19 $439,000 Taylor Morrison of Carolinas to Bryan & Kim Erdody, 201 Stibbs Cross Rd. 28115 5/24/19 $348,000 Robert & Patricia Wunsche to Alexandra & David Taylor, 390 Almora Loop 28115 5/24/19 $287,425 BKS Real Estate to Michael & Lisa Thompson, 111 Portola Valley Dr. Townhouse A 28117 5/24/19 $285,000 Katherine & David Crane to Alejandro & Sarah Ferrari, 165 Quiet Cove Rd. 28117 5/24/19 $305,000 Deanna Dale & Steven

Caudill to David & Katherine Crane, 115 Southhaven Dr. 28117 5/24/19 $297,000 Erin & Aaron Mathews to Martin & Jody Engelhardt, 117 Cranbrook Ln. 28117 5/24/19 $369,000 Essex Homes Southeast to Jason & Alejandra Bentley, 121 Shinnville Ridge Ln. 28115 5/24/19 $279,500 D.R. Horton to Joseph & Christopher Kahler, 108 Honey Ct. 28117 5/24/19 $775,000 Jason & Leslee Basinger to Scott & Shirley Beaver, 2060 Deal Rd. 28115 5/24/19 $331,000 Steven & Alissa Pino to Jacob & Leslie Beaver, 213 Shepherds Bluff Dr. 28115 5/24/19 $545,000 Kevin Charles Cuddihy to Kevin Anderson & Deborah Popolizio, 151 Yellow Jacket Cir. 28117 5/28/19 $291,500 Lennar Carolinas to Denita Marie Ferguson, 149 Eden Ave. 28115 5/28/19 $350,000 David & Jessica Norris to Corey Lowman & Cherie Elliott, 370 Montibello Dr. 28117 5/28/19 $555,000 Nucompass Mobility Services to John & Suzanne Berry, 110 Waterbury Dr. 28117 5/28/19 $462,500 Donald & Miriam Greene to Jerry Hartman, 103 Webbed Foot Rd. 28117 5/28/19 $313,000 D.R. Horton to Shahram & Danielle Mangouri, 105 Chance Rd. 28115 5/28/19 $326,000 Edmond & Lina Johnson to Rantel & Masalea Lee, 155 E. Warfield Dr. 28115

July 2019

17

5/29/19 $272,000 Lennar Carolinas to Ye Zhao & Hui Tang, 151 Eden Ave. 28115 5/29/19 $330,000 Calatlantic Group to Derrell & Nyresha Shields, 109 Avalon Reserve Dr. 28115 5/29/19 $1,225,000 Jason & Mariella Cook to Scott & Soraya Nichols, 130 Union Chapel Dr. 28117 5/29/19 $265,000 James & Angie Trunzo to Michelle Fliss, 194 Harris Farm Rd. 28115 5/29/19 $375,000 D.R. Horton to Brad & Susan Daubenmire, 127 Atwater Landing Dr. 28117 5/29/19 $505,000 Jacqueline Batcha & James Coban to John & Merry Duffey, 106 Nautical Point Ct. 28117 5/29/19 $477,500 Brian & Brande Lyne Lewis to Randy & Jessica Dean, 112 Vista Bluff 28117 5/29/19 $373,000 David & Stacey Faulkenberry to Christopher & Laurie D’Autorio, 165 Lockerbrie Ln. 28115 5/29/19 $270,000 D.R. Horton to Luis & Sandra DeLeon, 111 Chance Rd. 28115 5/29/19 $380,000 Christina & Marc Sandlin to Randy & Krisztina Kovesi, 211 Forest Lake Blvd. 28117 5/29/19 $502,500 Epcon Blume Brawley to Frank & Patricia Anderson, 165 Valleymist Ln. 28117 5/30/19 $427,000 Epcon Blume Brawley to Marion & Janice Broach, 106 Valleymist Ln. 28117

continued on page 18


18 July 2019

ON THE R ECORD

continued from page 17 5/30/19 $1,292,000 Tracy T. Cromie to Tesh Holding to Lake Norman, 127 Silver Eagle Ln. 28117 5/30/19 $275,000 Jenifer Heller to James Guzzio, 105 Clarendon St. Townhouse E 28117 5/30/19 $1,200,000 Andrew & Lana Webb to Holly Jean Foster, 143 Sienna Ln. 28117 5/30/19 $520,000 Gregory & Sheryl Josefchuk to Benjamin & Marla Kilion, 147

More Iredell Transactions online at www.BusinessTodayNC.com

FORECLOSURES Foreclosure actions have been started on the following properties. Items show the date foreclosure documents became public, owners, property address, lien holder, lien amount. After required notices are published, the property is sent to auction.The property then can be sold, not sold (examples: bankruptcy files or action dismissed without prejudice) or the sale postponed.

Mecklenburg County 6/3/19 Mishelle Elizabeth May, 13402 Damson Dr., Huntersville, Allen Tate Mortgage $173,900

6/11/19 Scott & Jennifer Hyland, 9022 Tayside Ct., Huntersville, Monarch Bank $273,455

More Mecklenburg Foreclosures online at www.BusinessTodayNC.com

Cabarrus County No Foreclosures

More Cabarrus Foreclosures online at www.BusinessTodayNC.com

Iredell County 5/20/19 Pat D. Foster, 151 Mackwood Rd. 28115, Wells Fargo Bank $240,000 5/24/19 Brian H. Duppstadt, 559 Shearer Rd. 28115, Nationsbanc Mortgage Corporation $52,600 5/31/19 William & Randi Watson, 107 South San Agustin Dr. 28117, Loandepot.com $432,996

More Iredell Foreclosures online at www.BusinessTodayNC.com

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

Mecklenburg County 5/20/19 Cameryn Jacob Holdings LLC, Jacob R. Palillo, 18440 John Connor Rd., Cornelius 5/20/19 Edelweiss Consulting Group LLC, Randolph G. Prillaman, 629 Village Main Cir., Davidson 5/20/19 Gotta Have It NC Inc., Peter Norrito, 20311 Chartwell Center Dr. #1662, Cornelius 5/20/19 Hickory RE Holdings LLC, David Modlin, 19810 W. Catawba Ave. A1, Cornelius 5/20/19 MJ Fitness LLC, Julie Williams, 11634 Red Falcon Ct., Huntersville 5/20/19 Plastopil Inc., Menashe Hazarie, 10210 Hickorywood Hill Ave. Ste. 130, Huntersville 5/20/19 Titan Venture Group LLC, Law Office of Anderson & Hart PLLC, 19109 W. Catawba Ave. Ste. 200, Cornelius 5/20/19 Travii Productions LLC, Travis Weddington, 11443 Mooresville Rd., Davidson 5/21/19 Bridge Construction LLC, Antonio Juarez Turrubiartes, 146 Seagle St., Huntersville 5/21/19 RAIN International LLC, Tim Koehler, 8712 Lindholm Dr. Ste. 300, Huntersville 5/21/19 Ruby + Root, Marci Parrott, 9701 Vixen Ln., Huntersville 5/21/19 Sterner Family LLC, Linda S. Sterner, 410 Northwest Dr., Davidson 5/21/19 Strategic Print Management Inc., Alex Lee, 16729 Setter Point Ln., Davidson 5/21/19 Tony Mangini Properties LLC, Anthony S. Mangini, 8625 Forest Shadow Cir., Cornelius 5/21/19 Transport Coast 2 Coast LLC, Snary Dorce, 19259 School St., Cornelius 5/22/19 Absolute Transport LLC, Niya Streater, 11731 Banter Ln., Huntersville 5/22/19 City Management Group LLC, Sean Hutchinson, 10228 Bailey Rd. Ste. 203, Cornelius 5/22/19 Crossroad Property Solutions LLC, David Collins, 9943 Beatties Ford Rd., Huntersville 5/22/19 First Class Dent Repair Inc., Catherine Chandler, 1235 Torrence Cir., Davidson 5/22/19 On-Site Fleet Solutions LLC, Martin M. Brennan Jr., 13801 Reese Blvd. West Ste. 110, Huntersville 5/22/19 Sterner GA Rental Property LLC, Linda S. Sterner, 410 Northwest Dr., Davidson 5/22/19 Sterner SC Rental Property LLC, Linda S. Sterner, 410 Northwest Dr., Davidson 5/22/19 Tescher Consulting LLC, Stephanie Luck, 16607 Landen Forest Ln., Davidson 5/22/19 Top Rated Solutions LLC, Renee Francis, 9911 Rose Commons Dr. Ste. E-209, Huntersville 5/22/19 Yaeger Development Services LLC, Christopher Yaeger, 9714 Cadman Ct., Cornelius 5/23/19 10228 Bailey Road Partners LLC,

Business Today Richard P. Johnson, 18816 Balmore Pines Ln., Cornelius 5/23/19 12609 Kane Alexander LLC, Rebecca Brown Cope, 18226 Mainsail Pointe Dr., Cornelius 5/23/19 Accellerate LLC, Francisco Adler, 605 Jetton St. Apt. 402, Davidson 5/23/19 Allure Bundles LLC, Joe Guerrero, 9911 Rose Commons Dr. Ste. E, Huntersville 5/23/19 Atlantic Global Trans Inc., Kristina Anisimova, 17110 Kenton Dr. #304, Cornelius 5/23/19 Land South of MB Mooresville I LLC, Ben J. Cassarino, 445 S. Main St. Ste. 400, Davidson 5/23/19 O’Leary Boys LLC, Thomas O’Leary, 17104 Pennington Dr., Huntersville 5/23/19 Southern Enterprises Group LLC, Chachi Sullivan, 18535 Caleb Jordan Dr. Apt. 302, Cornelius 5/24/19 Hudler Real Estate Group LLC, Ashley Hudler, 1112 Samuel Spencer Pkwy., Davidson 5/24/19 MV Salon LLC, Marvin Varela, 16623 Birkdale Commons Pkwy. Ste. 130-Salon 16, Huntersville 5/28/19 AC Liquidator LLC, Thomas C. Jeter III, 18525 Statesville Rd. Unit D2, Cornelius 5/28/19 CECOM International Market LLC, Bibi Sapu, 12440 Henderson Hill Rd., Huntersville 5/28/19 Epic Chophouse of Fort Mill LLC, Richard D. Mack, 208 South Village Ln. Ste. B, Davidson 5/28/19 ISRAM Inc., Martin V. Alcantar, 16203 Northcross Dr., Huntersville 5/28/19 Proph3t Movement Productions LLC, Thomas C. Jeter III, 18525 Statesville Rd. Unit D2, Cornelius 5/28/19 Square Foot House Measuring LLC, Kelly Kosse, 14804 Bishopstone Ct., Huntersville 5/28/19 YSF TV LLC, James Hood, 9037 Cinder Ln., Huntersville 5/29/19 Artisan Direct LLC, Scott Crosbie, 18335 Old Statesville Rd. Ste. L, Cornelius 5/29/19 Big Sky Group LLC, Timothy D. Neal, 410 Woodland St., Davidson 5/29/19 DataScience.org LLC, United States Corporation Agents, 19810 Schooner Dr., Cornelius 5/29/19 ESC Trench Shoring Inc., Jesse C. Jones, 209 Delburg St. Ste. 203, Davidson 5/29/19 KB Contractors LLC, Luis Beltran Luna, 12512 Walden Lea Dr., Huntersville 5/29/19 Mana International Food LLC, Nancy J. Bravo Leon, 8734 Cantrell Way, Huntersville 5/29/19 North State Shopton LLC, Christopher Shane Buckner, 16930 W. Catawba Ave. Ste. 205, Cornelius 5/29/19 The Fill, Christine Lekovich, 6403 Myston Ln., Huntersville 5/29/19 Waterbean Coffee PR LLC, Tuong Van Vo, 19420 Jetton Rd. Ste. 105, Cornelius 5/30/19 BFR Training LLC, Yordan Ascanio, 19607 W. Catawba Ave. Ste. 102, Cornelius 5/30/19 Boxi Capital LLC, Law Office of Anderson & Hart PLLC, 19109 W. Catawba Ave. Ste. 200, Cornelius 5/30/19 EIRVAA LLC, Jameika Ross, 9218 Portage Dr. Unit 104, Cornelius 5/30/19 Independent Property & Casualty


Business Today Group LLC, Michael Mullaw, 19520 W. Catawba Ave. Ste. 200, Cornelius 5/30/19 LakeTown Tavern Inc., John F. Hanzel, 19425 G Liverpool Pkwy., Cornelius 5/30/19 Max USA Corp., Daniel Durant, 10106 Drake Hill Dr., Huntersville 5/30/19 Nellie’s Cleaning Services LLC, Yanelly Garcia, 9818 Psalm St., Cornelius 5/30/19 O2 Nexus LLC, Adam Foodman, 20035 Jetton Rd. Ste. D, Cornelius 5/30/19 Prestano Investments LLC, Michael Prestano Jr., 10621 Conistan Pl., Cornelius 5/30/19 ProLand Design LLC, United States Corporation Agents, 20931 Island Forest Dr., Cornelius 5/30/19 Summit Vitality LLC, Dr. Lexi Lain, 442 S. Main St. Ste. 3, Davidson 5/30/19 The Cannon Organization, Joe Guerrero, 9911 Rose Commons Dr. Ste. E, Huntersville 5/31/19 Dudley’s Place Inc., R. Lee Robertson, 103 Commerce Centre Dr. Ste. 103, Huntersville 5/31/19 Emily Pearl Realty LLC, Emily Robertson, 11341 Fullerton Place Dr. NW, Huntersville 5/31/19 FTJ Staffing Solutions LLC, Autrina Wright-Ivey, 13016 Eastfield Rd. Ste. 200-351, Huntersville 5/31/19 Kid Kaos LLC, Thaddeus Puchyr, 19510 Jetton Rd. Ste. 300, Cornelius 5/31/19 Nash-Schove Ventures LLC, Geoffrey B. Ginn, 13516 Crystal Springs Dr., Huntersville 5/31/19 Pavestone Clothing USA LLP, Sharon Yauch-Guinee, 13532 Aldenbrook Dr., Huntersville 5/31/19 Pyramids Transportation Inc., Mohammed Hajmahmud, 16403 Holly Crest Ln. Apt. 313, Huntersville 5/31/19 Renee M. Purdy, CPA, PLLC, Renee M. Purdy, 8824 Devonshire Dr., Huntersville 5/31/19 Roseboro Holdings Inc., Brian Roseboro, 11037 Dry Stone Dr., Huntersville

More Mecklenburg New Corporations online at www.BusinessTodayNC.com

Cabarrus County 5/20/19 All Things Manifested LLC, Gretchen Hyatt, 1107 Waterview Dr. NW, Concord 5/20/19 Allied Progressive Group LLC, Sureshkumar Bodla, 9647 Ashley Green Ct. NW, Concord 5/20/19 Red Wolf Trucking Inc., Jerry J. Lennington, 807 Oak Enbers Dr., Concord 5/20/19 Staging Depot LLC, Brian Touchton, 1165 Biscayne Dr., Concord 5/20/19 Tacos El Peladito Inc., Armando A. Ramirez Garcia, 349 Copperfield Blvd. NE Unit K, Concord 5/21/19 Eunoia Equity Partners LLC, Adrian T. Marable, 9712 Jamestown Rd., Concord 5/21/19 JustJen LLC, Justin Andrikanich, 9736 Ravenscroft Ln. NW, Concord 5/21/19 Sweet Sips Galore LLC, Princess Black, 4730 Baileys Lake Rd. NW Apt. 305, Concord

July 2019

ON THE RECORD 5/21/19 Velocity Planning LLC, Jon-Michael Devine, 8410 Pit Stop Ct. NW Ste. 150, Concord 5/21/19 Woodland Lily LLC, Philip L. Vassallo Jr., 1170 Odell School Rd., Concord 5/22/19 Carolina SOD Installations Inc., Kaleb G. Richeson, 293 Roberta Rd., Concord 5/22/19 Kerns Mobile Veterinary Care PLLC, Melissa G. Kerns, 9700 Jamestown Rd., Concord 5/22/19 One Dollar for DRC Rebuild, Anthony N’Dala, 10164 Shanaclear Ave., Concord 5/22/19 Versa Properties LLC, Stephanie Cooper Roberts, 5620 Concord Pkwy. S Ste. 103, Concord 5/23/19 Diesel Drivers Group LLC, Daniel West, 94 Union St. N, Concord 5/23/19 Making Moves Transport LLC, Kevin Reynolds, 1050 B. Obeds Ln. NW, Concord 5/23/19 Natyanjali School of Dance Inc., Prashanthini Rajappa Purushotham, 9623 Ashley Green Ct. NW, Concord 5/24/19 Bambinos Tech LLC, Harshada Chemburu, 966 Old Trace Rd. NW, Concord 5/24/19 SARJAK NC LLC, Kashyap Patel, 1516 Concord Pkwy. North, Concord

More Cabarrus New Corporations online at www.BusinessTodayNC.com

Iredell County 5/20/19 Jay VanDrake Holdings LLC, Jason Shott, 104 Onslow Ct. 28117 5/20/19 Steven Group LLC, Steven G. Hicks, 136 Fernbrook Dr. 28117 5/21/19 Alliance Motor Group LLC, Shannon Eversole, 119B Capital Ave. 28117 5/21/19 Pristine Pressure Washing LLC, Michael Bari, 116 Easton Dr. 28117 5/21/19 Yackle Media LLC, Daniel Thomas, 107 Lassen Ln. 28117 5/22/19 BSU Management LLC, Scott Underbrink, 107 Redbrook Ln. 28117 5/22/19 Busted Knuckle Logistics LLC, Kyle Niven, 109 Karlstad Ln. 28115 5/22/19 Caitlin Wurtz PLLC, Caitlin Wurtz, 111 Kilson Dr. Ste. 104 28117 5/22/19 Hayes Automotive & Handyman LLC, Terry Hayes, 115 Williford Rd. 28115 5/22/19 Lake Bird LLC, Jennifer Gabehart, 119 Harwell Rd. 28117 5/22/19 Murphy Home Group LLC, Lara Murphy, 209 Riverchase Ln. 28115 5/22/19 Pool Renu LLC, Robert MacCormick, 109 Milan Ct. 28115 5/22/19 Triple Springs Hemp LLC, Charles Neal Tharpe, 161 Schooner Rd. 28117 5/23/19 neatfreakslkn LLC, Hailey Huffman, 516 River Hwy. Ste. 296 28117 5/24/19 Long Days LLC, James Long, 232 Pinnacle Shores Dr. 28117 5/24/19 Prestige Anesthesia PLLC, Melissa K. Thomas, 132 Yellowbell Rd. 28117 5/24/19 S & T Developments LLC, Sam Valadez, 213 Tuskora Trl. 28117 5/28/19 CVR Manufacturing Solution LLC, Laura Weber, 158F Norman Station Blvd.

28117 5/28/19 Ridge Glenn LLC, Richard N. Drake, 862 Brawley School Rd. Ste. 203 28117 5/29/19 Brett Mercier Inc., Brett Mercier, 135 Vandalia Rd. 28117 5/29/19 Connor Colville LLC, McDermott W. Connor, 111 Emperors Trl. 28115 5/29/19 Lakeside Stables LLC, Bianca Wittgraefe, 117 Chuckwood Rd. 28117 5/29/19 RJA Creamery LLC, Ricky Garcia, 129 Flora Vista Dr. 28117 5/29/19 Sullivan Family Properties LLC, Pamela Sullivan, 163 Huntington Ridge Pl. 28115 5/30/19 All American Refinery Inc., Richard D. Cantwell, 129 Fast Ln. Ste. 200 28117 5/30/19 Carolina Keep’s Forty at the Toe LLC, Clifton W. Homesley, 330 S. Main St. 28115 5/30/19 Paradise Visions LLC, Dorian Robinson, 1675 Perth Rd. 28117 5/30/19 Patty Roark Skin Care Solutions LLC, Patty Roark, 129 Manall Ct. 28115 5/30/19 Tailored Consulting Inc., Glenwood Taylor, 193 Gannett Rd. 28117 5/31/19 Cobblestone Glen LLC, John W. Oakes II, 517 Alcove Rd. Ste. 301 28117 5/31/19 Corrado Gelato LLC, Corrado Macchioni, 107 Currituck Ct. 28117 5/31/19 Ellenwood Charlotte LLC, John W. Oakes II, 517 Alcove Rd. Ste. 301 28117 5/31/19 Forshore LLC, Briana Smallwood, 111 Bradberry St. 28115 5/31/19 Moon Elements Inc., Andrew Dorris, 202 Paradise Hills Cir. 28115 5/31/19 Renee J Wolf Inc., Renee J. Wolf, 200 Elrosa Rd. 28115 5/31/19 Robinson Village Charlotte II LLC, John W. Oakes II, 517 Alcove Rd. Ste. 301 28117 5/31/19 Valor Safety and Firearms LLC, Caryn Speaks, 127 Bobwhite Ln. 28117

More Iredell New Corporations online at www.BusinessTodayNC.com

19

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Denver/Catawba 5/20/19 Blue Ridge Tiny Cabins Inc., Jasper Accounting Group, 3535 N. Hwy. 16, Denver 5/20/19 MPE Consulting LLC, Michael Egan, 507 Granite Lake Ct., Denver 5/21/19 Kee Group Investments LLC, Travaras Roseboro, 1953 Saint James Church Rd., Denver 5/23/19 Entwine Event Design LLC, Deann Gibson, 2436 Mariners Cove Ln., Denver 5/23/19 Fenix In You Foundation, Kathleen Varner, 3654 Lake Shore Rd. S, Denver 5/24/19 Blue Chair Investments LLC, John S. Fuller, 6046 Erie View Ct., Denver 5/24/19 WestLake Massage LLC, Patricia M. Froneberger, 8794 Hagers Ferry Rd., Denver 5/29/19 I4 Travel Company LLC, Whitney S. Adams, 129 Rocky Knoll Ct., Denver

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Business Today

20 July 2019

HOT PROPERTIES Residential outlook remains positive for owners, sellers The astronomical gains in home prices around much of the country are slowing down, but Charlotte resale prices are still climbing at a moderate pace. Charlotte home prices rose 4.2% year over year, according to Case-Shiller, part of the S&P CoreLogic Indices. The rate of home price increases across the U.S. continues to slow, but it’s still increasing in most markets. House prices in the Charlotte metro rose up 1.1% in April from March, to a new record. The increase was about in line with the pace in April last year. Super-heated markets like Seattle— where prices are flat from year-ago levels—are cooling off, making it easier for homebuyers. Prices in the New York City region were up slightly from year-ago levels, flat from March to April and down .1% from February to March. Nationwide, there was a 3.5% annual gain in April, down from 3.7% in the previous month. “Home price gains continued in a trend of broad-based moderation,” says S&P’s Philip Murphy. “Yearover-year price gains remain positive in most cities, though at diminishing rates Murphy of change.” Lake Norman and Cabarrus home prices continue to be supported by inmigration and short supply. In Cabarrus County, the $350,000 and up price point is up 17% in sales over last year at this same time. “Interestingly enough, the average sales price was consistent for the two years as was the days on market. We are living up to the prediction of the economists that we will continue to see appreciation in prices but not at the escalated rate we saw it for the last couple of years,” says Diane Honeycutt, of Team Honeycutt at Allen Tate in Concord.

Mortgage rates are a factor. Mortgage rates have fallen more than a half percentage point the past four months, although there has been a recent uptick. The 30-year fixed-rate average

moved slightly higher, according to data released in early July by Freddie Mac, to 3.75% with an average 0.6 point. Points are fees paid to a lender equal to 1 percent of the loan amount and are in addition to the interest rate. It was 4.52% a year ago. The 15-year fixed-rate average also ticked up to 3.18% with an average 0.5 point, down from 3.99% a year ago. The national average 30-year fixed mortgage rate was almost 5% by the latter part of 2018. Year-over-year changes in home price changes have tracked—and not tracked—mortgage rates, according to Dow Jones. Rates have fallen enough that homeowners with mortgages only a year old might want to look into

refinancing. How this plays out in home prices is somewhat up in the air because of other factors. Millennials currently make up the largest share of homebuyers, according to the National Association of Realtors. However, the generation’s homeownership rate is lower than that of their parents and grandparents at the same age, a report by the policy research group Urban Institute found. Millennials have been called “The Boomerang Generation.” Many move back in with their parents after college, making 29 the new median age of home purchase. If Millennials following the classic path to home ownership, they will live with parents first, then become

renters, then homeowners. If they move back in with parents after college, this process is postponed. Year-over-year changes in the Dow Jones Index coincided with the upward turn in mortgage rates during the first quarter of 2018. But in 2019, mortgage rates reversed course again and the 30-year fixed mortgage rate is again under 4%, yet the year-over-year house price moderation that coincided with the 2018 uptick in rates has not changed course. Baby Boomers, healthier and more prosperous than previous generations, are staying put. Freddie Mac says 1.6 million homes that could have come on the market in 2018 did not because seniors were staying put and renovating their homes so they could “age in place.” The “trend for the moment is toward normalization around the real long run average annual price increase,” says S&P’s Murphy, comparing price gains to inflation. Doing so brings us closer to the longtime historical average of 1.2%, a good thing, suggesting there is not a bubble to burst. David M. Blitzer, chairman of the Index Committee at S&P Dow Jones Indices, says: “Housing is not repeating the bubble period of 2000-2006.” If George, Harrison, and Foldvary are right, however, Blitzer that won’t happen until after the next peak around 2024. Between now and then, aside from the occasional slow down and inevitable market hiccups, the real estate industry is likely to enjoy a long period of expansion. Tio Nicolaise, who teaches Principles of Real Estate at Harvard Extension School, says historical trends indicate the next bubble is four or five years away, not right around the corner. He forecasts a peak in 2024. “Between now and then, aside from the occasional slow down and inevitable market hiccups, the real estate industry is likely to enjoy a long period of expansion,” Nicolaise said.


Business Today

July 2019

21

HOT PROPERTIES Do your due diligence when hiring to prepare for resale

ON T HE R ECORD

With a quick sale at a good price requiring an updated home, we’re in the midst of an all-out scramble for home improvement contractors, painters, handymen, carpet cleaners, plumbers and roofers. A fatal accident at a large home in Cornelius last month highlights potential perils for homeowners as well. The employee who fell had a criminal record, including jail time Lowe for attempted homicide, according to the Stanly County Sheriff’s Office. He apparently straightened himself out and found himself in the role of trusted advisor to homeowners. Oddly enough, it turns out the boss himself has been arrested for assault and interfering with police

communications. The tight labor market and the generally unregulated nature of home improvement means almost anyone can set foot on your property and even inside your house. Contractors say homeowners should be very careful about whom they hire. “The client is taking on a risk when bringing in a contractor in regards to his/ her proficiency, how employees have they been trained, is there a safety program in place, what insurance is carried, have employees been drug tested, are background and driver licenses checked, are permits pulled when applicable etc.,” says Kent Lowe, owner of Charlotte-based Integrity Heating & Cooling. He said proof of insurance should be available to ensure that the client, the employee and the company are covered in the event that an accident occurs. Here are ways to vet contractors, but they’re not foolproof:

Do Your Research: Check with friends, neighbors, or co-workers who’ve used a contractor. If you can, take a look at the work done and ask about their experience. Look at sites you trust that post ratings and reviews: Do people seem to have similar experiences, good or bad? You also can check out a contractor’s online reputation by

searching for the company’s name with words like “scam,” “rip-off,” or “complaint.” Find out how long they’ve been in business: Look for an established company whose record and reputation you can check out. Check for qualifications, like licensing. Make sure the contractor’s license is current.

HOT PROPERTY

A 6,232 square-foot home on Lake Howell, a reservoir in Cabarrus County, has sold for $1.094 million after being listed at $1.15 million. The 1.76-acre estate-like property does not have access to the reservoir, but there is an infinity pool, as well as luxury details throughout include five-foot wide staircases, intricate moldings, two generators and a three-car garage. Barbara Shraga of Mooresville-based J. Cash Real Estate had both sides of the deal.

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Business Today

22 July 2019 Opioid continued from page 1

ceived more than $54 million in federal funding, which has provided treatment for over 12,000 individuals with substance use disorder. That’s especially good news for business. A new study from the UNCChapel Hill Kenan-Flagler School of Business found that the opioid epidemic has pulled eligible workers out of the labor pool. Without qualified workers, employers who can do so will automate, potentially impacting communities for years to come. “The opioids epidemic can Baumgardner certainly be a significant issue for some businesses depending upon the type of industry,” said Deanna Baumgardner, president of Employers Advantage based in Cornelius. The long-term community effects of the opioid epidemic communities can be devastating. There may not be jobs in the future for people even after they recover. Meanwhile, businesses are allocate extra funds to conduct drug tests, both before hiring, and also in an ongoing

random manner. The tests themselves run anywhere from $25 to $50 each, Baumgardner said. The National Association of Home Builders says the opioid epidemic is a serious problem in the construction industries. Indeed, construction employees are significantly more likely to become addicted to opioids like prescription painkillers and six times more likely to die as a result of overdose, according to the NAHB. The impact on a construction-related business—or any business—can be significant and includes loss of productivity, not to mention increased healthcare expenses and turnover. But low-skilled workers are most impacted by opioid abuse. Statewide statistics were unveiled in Raleigh by Gov. Roy Cooper on June 25 during an opioids summit/round table discussion. The North Carolina Opioid Action Plan 2.0 unveiled at the Raleigh summit updates the 2017 plan with feedback from partners and stakeholders. Action Plan 2.0 includes local strategies that counties, coalitions and stakeholders can use to fight the opioid epidemic, which claimed five lives a day in North Carolina to unintentional overdose in 2017. The plan focuses on three areas of focus to fight the epidemic: prevention, reducing harm and connecting people to care.

Works For Me! “Business Today and Moretz Law Group have grown up together. Since becoming one of the first advertisers in 2003, Business Today has been essential to keeping our lawyers informed and helping us spread the word about the work we do for businesses throughout the North Charlotte, Iredell and Cabarrus areas. We recommend BT strongly to anyone who is a part of the Golden Crescent business community.”

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A North Carolina Payers Council has recommended how insurance payers can respond to the epidemic: • Limiting strength and duration of opioid-related medications and promoting opioid-sparing pain treatment • Decreasing barriers to the opi- Cooper oid reversal drug naloxone • Providing access to medicationassisted treatment for opioid use disorder • Using data analysis and surveillance to inform best practices • Supporting healthcare provider, pharmacist and patient education on safe opioid prescribing, pain management and substance use Debbie Dalton, who lost her son Hunter in 2016 to an unintentional drug overdose, said that some recreational drugs—popular wtih a wide array of people—are being laced with dangerous substances. The Cornelius resident speaks to groups a She said the state action plan is a step in the right direction. Cooper said too many families and their loved ones are still suffering, “and we must do more.” While interest among health experts remains keen on opioid related deaths, its correlation with the use of recreational marijuana is unclear. Studies had shown that from 1999 to 2010, the introduction of medical-marijuana laws was associated with a decline in opioidoverdose deaths. But when states that introduced laws between 2010 and 2017 were added, the Dalton relationship did a “180.” Rather than a reduction in opioid overdoses, medical marijuana was associated with a 23 percent increase in overdose deaths. Even as many states across the country debate legalizing recreational marijuana, the question of whether it is a gateway to opioid abuse remains unanswered. Opioid maker Insys Therapeutics filed for bankruptcy protection in June five days after announcing a $225 million settlement with the federal government. Speculation has grown that other embattled opioid producers could take the same path.

Editor Dave Yochum nebiztoday@gmail.com Production Director Darren Versace production.todaypubs@gmail.com Contributors Erica Batten, Dave Friedman, Cheryl Kane, Dave Vieser, Cathryn Piccirillo Sherman, Vickie Weant To Advertise call Phone 704-895-1335 The entirety of this newspaper is copyrighted by NorthEast Business Today, LLC 2019 with all rights reserved. Reproduction or use without permission of any content is prohibited. Business Today is an Equal Opportunity Employer. Business Today P.O. Box 2062 Cornelius, N.C. 28031 BACK ISSUES Payable by VISA & MASTERCARD. $6 (if available); $4 to mail FAXED ARTICLES - $5 per page PHOTOS - $100 REPRINTS - Reprints on high-quality , framable stock are available, starting at $65. NEWS AND CALENDAR ITEMS Business Today is a local business publication. If you have news items, they may be e-mailed to businesstodaync@gmail.com. Business Today is published on the first Friday of every month. SUBSCRIPTIONS May be purchased for $36. LETTERS TO THE EDITOR Do you have an opinion you’d like to share? We offer a forum for ideas, opinions and dissenting opinions. You can e-mail your thoughts to nebiztoday@gmail.com or mail to Business Today at P.O. Box 2062, Cornelius, N.C. 28031. Your letter, or a longer opinion piece, may be edited for brevity and/or clarity. Please include a phone number.

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and

for 15 years


SOLD $2,899,000 | Waterfront Elevator Pool |Cornelius

$2,400,000| Waterfront | The Peninsula| Pool & Hot Tub | Outdoor Kitchen

$425,000| Commercial Lot | Huntersville 1.25 Acres | Zonesd HWY Commercial

$1,149,000| Waterfront | Cornelius Master on Main | 3 Car Garage

$3,799,000 | The Peninsula | Waterfront Pool & Hot Tub | Huge Views | Private Dock

$3,950,000| Waterfront | Private Dock Located in Cornelius| 1.48 acres | 9400+ sq ft

SOLD

Just Listed

Just Listed

$899,000 | Waterfront | Cornelius New Carpet and Paint |Private Dock

$2,199,000 | Waterfront | Cornelius Private Dock | Master on Main

$2,549,000| Waterfront| The Peninsula Private Dock| Elevator | Walk out Basement

$1,124,900| The Peninsula Golf Course View | 3 Car Garage

$1,899,900| | Waterfront Private Dock | Master on Main

$1,455,000| 0.66 acres | Waterfront Lot Just off Jetton Road in Cornelius

Lance Carlyle 704-252-0237

Marci Carlyle 704-451-8399

Jim Carlyle 704-252-3047

Terry Donahue 321-402-8543

Terry Byars 704-728-9775

Blaire Cohn 678-591-6621

SOLD

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

Profile for Business Today/Cornelius Today

Business Today July 2019  

Business Today July 2019  

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