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Business Today NC

July 2017 Published monthly

YEARS

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

CHARLOTTE, NC 6.1% DALLAS, TX 8.4% Denver, CO 8.2% Portland, OR 9.3% Seattle, WA 12.9% TAMPA, FL 5% WASHINGTON, DC 3.6% Source: Case-Shiller/S&P

KANNAPOLIS Work on a renewed downtown begins in earnest in October Page 6

EAST-WEST CONNECTION

Critical piece of Lake Norman-Cabarrus connection will be widened

BY SAM BOYKIN The town of Davidson currently has about 20 development projects that are either approved, pending approval or under review. These projects represent approximately 2,000 new residential units, from single-family homes to apartments to condos, along with mixed-use developments, a hotel, and municipal buildings. For a town that has garnered national recognition for carefully controlling growth through moratoriums and tightly enforced regulations, this is remarkable. Some critics claim that town officials are sacrificing Davidson’s small-town charm for property development tax dollars. But Davidson leaders say they are doing their best to balance the rights of property owners with the area’s noted quality of life, all while facing tremendous market pressure. A backdrop to all this is Davidson and Mooresville’s MI-Connection deal— which many believe is a primary driving force behind all the new development.

BY DAVE VIESER With recent town board approval, Vermillion Village in Huntersville appears to have a clear path for development, at a time when several other large mixeduse projects, including Lake Davidson in Mooresville and the Beaty Project in Davidson, are in various stages of consideration and controversy throughout the Golden Crescent. The Vermillion project will cover about

HOT PROPERTIES

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BUILDING SALE

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Based on budget figures, for the year ending June 30th, 2018, the total subsidies paid by the towns from 2010 – 2018 will be over $40.7 million. Mooresville will have paid $28.2 million and Davidson will have paid $12.5 million. Now, 10 years after the deal was first made, many Davidson citizens are adamant that they want the town out of the MI-Connection deal. Will new development pay for it? Like other cities in north Mecklenburg and southern Iredell County, Davidson has experienced explosive growth over the past few decades. But even as Davidson’s population has grown from about 4,000 in 1990 to 13,000 today, it’s still relatively small compared to neighbors like Cornelius (about 29,000 residents) and Huntersville (55,000 residents). Moreover, Davidson’s charming downtown, bucolic countryside, and familyfriendly lifestyle have remained largely intact. But there’s no question the town is See Painful page 19

Vermillion Village in Huntersville on the move

Page 7

Trinity Capital developed a building in 2014 with the help of an ‘assignable grant’ from Concord

The two towns spent $60 million in 2007 to form the cable business, which replaced the now bankrupt Adelphia Communications. While cable service in the area has improved, the company is losing money, and Davidson and Mooresville have had to come up with hundreds of millions of dollars to cover a budget shortfall at the system. During the 2010-2011 budget process, the towns were told the subsidy needed for the upcoming fiscal year was $6,460,000. Davidson’s 31% share amounted to $2,019,000 (more than 10% of the town’s budget). As a result, Davidson had to lay-off staff and cut on services. And debt payments continue to stress the budget. Currently, the 2018 budget projects the towns’ subsidy to be $2.9 million. Davidson’s 30% portion is $879,311 and Mooresville’s 70% is $2,051,727. Since Davidson’s subsidy portion is less than $1 million, the remaining $120,689 will go towards paying down the $2 million balance Davidson accumulated and owes to Mooresville.

16520 Belle Isle Drive Sold for $1.42 million

30 acres of vacant land and is designed to establish a town-center theme between North Church Street and HuntersvilleConcord Road. Downtown Huntersville will be transformed when a long-vacant property— the old Anchor Mill site, unused for decades—is replaced with apartments, condos and retail large and small. Previous town leaders were never able to work a deal to redevelop the property,

despite its importance in the downtown landscape. Mayor John Aneralla said Vermillion will be a catalyst for redevelopment nearby. “The development of Vermillion village combined with the development of the town’s properties surrounding town center will put pressure on current downtown landowners to update their facilities in order to remain competitive,” Aneralla said. See Vermillion page 20

RECORDS Transactions Cabarrus 15 Mecklenburg 15 Mooresville 16 Foreclosures Cabarrus 17

Mooresville 17 Corporations Cabarrus 17 Mecklenburg 17 Mooresville 18

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Business Today

July 2017

New planning chair says mixed-use offers choices

BY DAVE YOCHUM An associate professor of architecture and urban design at UNC-Charlotte is the new chair of the CharlotteMecklenburg Planning Commission. Deb Ryan, who has been on the planning commission for six years, says what urban planning is about now is choices. “For the longest time we did single-family housing and we did it well and did a lot of it… but having choices for other kinds of development—such as mixeduse—is what makes a lot of sense to a lot of people. The idea is you don’t have to have a car to meet your daily needs. With mixed use you can have a lifestyle based in walking and biking as well as drivRYAN ing,” Ryan said. She did her undergraduate work at NC State and received her graduate degree from Harvard University. Both degrees are in landscape architecture. The Planning Commission is divided into two committees: Zoning and Planning. The commission advises the mayor, Charlotte City Council and the Mecklenburg Board of County Commissioners on all matters related to urban design, long-range planning and rezoning. There are three new mixed-use proj-

ects proposed in North Mecklenburg and Iredell County comprising more than 185 acres. Meanwhile, the Augustalee mixed-use project in Cornelius never got out of the ground, partly because of connectivity issues. Mixed-use projects impact how people navigate, for sure. Ryan said there’s no “driving force to stop people from doing what they are doing” in terms of driving to work or to a store. She says the commission’s contemporary “livability principles” give people the “ability choose to live in a place which is not so auto dependent.” Auto-dependent growth was the norm before mixeduse projects like Birkdale Village helped change the development mindset almost 15 years ago. Indeed, she says Birkdale Village was originally conceived of as a strip center. In her near 30-year career, Ryan has worked with elected leaders from more than 25 municipalities to help formulate strategies to guide growth in their communities. In Charlotte, she has worked on master plans for Second and Third wards and has served as chair of the Charlotte-Mecklenburg Public Art Commission and as a member of the Arts & Science Council board and the University City Partners Board of Directors.

Corning Optical will move HQ ​ orning Optical Communications, a C division of Corning Inc., is moving its headquarters to Riverbend Village​in Northwest Charlotte​. Corning Optical will build a $38 million, 182,500 square foot office headquarters. The move will bring about 400 jobs here from Hickory, where Corning will ​maintain​ a manufacturing facility with more than 1,200 employees. According to Motley Fool, Corning is “firing on all cylinders.” During the first quarter, all five of its business segments saw year-over-year revenue growth. Optical Communications saw double-digit earnings increases over the previous year’s results.

Riverbend Village is comprised of 120-acres off I-485 at Mt. Holly-Huntersville Road. In addition to Corning Optical headquarters, Riverbend will include a 78,000 square foot Harris Teeter along with restaurants and neighborhood service concepts. Riverbend Village will include 330,000 square feet of retail space and over 500 residential units. Joey Morganthall and Keely Hines with MPV Properties represent Riverbend Village and are leasing the remaining available space in the center. Simpson Commercial and Landmark Development Partners are the developers of Riverbend Village.

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

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Business Today

4 July 2017

New dean for informatics at UNCC

Fatma Mili will join UNC Charlotte as dean of the College of Computing and Informatics beginning Aug. 1. She comes to the University from Purdue University, where she was the founder and director of the Center for Trans-institutional Capacity Building and Educational Equity in STEM. In announcing the MILI appointment, UNC Charlotte Provost Joan Lorden stated, “We live in a digital world. UNC Charlotte has sought a collaborative leader who can help us envision and address the present and future needs of all our students, continue to build our innovative and interdisciplinary research programs and engage with our partners to address pressing community needs. We believe that we have found that leader in Dr. Mili.” She graduated with a Ph.D. in Computer Science in 1984 from Pierre and Marie Curie University in Paris.

Two on deck at OnQ

One woman, two men and a truck

RAVEN

Two Men and a Truck has a new GM in the Charlotte franchise. Rachel Raven, of Concord, was recently promoted to general manager and will oversee the daily operations. She has been with the company 13 years. At age 33, she is the first female general manager running the operation.

Mooresville’s John Amon Awarded NC Main Street Champion

Carol LaShombe new sales manager at Builder Services

BSI Builder Services, the new home sales division of Allen Tate, has named Carol LaShombe is a new sales manager in the Charlotte region. She will help oversee new construction sales teams for Peachtree Residential, Brookline Homes LLC, EvLASHOMBE ans Coghill Homes, Chelsea Builders and Main Street Properties. She will also work with the custom home communities of Tuscan Ridge and River Run in Davidson. LaShombe brings more than 12 years of residential real estate and new construction expertise to BSI, including four years with a top-producing team at Allen Tate. Prior to her real estate career, she worked in human services management. She has a bachelor’s degree from Winthrop University and a graduate degree in human services from the University of South Carolina.

Vice President at BB&T Home Mortgage Dennis Cowardin, and Amon

John Amon has received the North Carolina Main Street Champion award for his work in downtown Mooresville. He has served on the Mooresville Downtown Commission board for more than a decade, and conceived the idea for the popular Festival of Lights Christmas show consisting of over 150,000 lights, synchronized to music. Amon has served on the MDC Board of Directors for over a decade and also

served as Treasurer for eight years. He was part of the family team that successfully renovated a 20+ year vacant building—now the home of Epic Chophouse—to its former glory. The renovated building currently houses a thriving restaurant that brings many customers from all over the region into the heart of Downtown. The MDC was formed in 1987. More info: www.downtownmooresville. com/mdc

HASTINGS

RICHARDSON

Scott Hastings and George Richardson have joined OnQ Financial, a retail-focused mortgage company at 9624 Bailey Road in Cornelius. Hastings began in the mortgage business in 2003 after working in financial advertising and investor relations. Richardson has worked in both the operations and originating side of the mortgage business for more than 25 years.

Aneralla will run again for mayor of Huntersville

Huntersville Mayor John Aneralla has officially announced that he will seek a second term as mayor. An investment advisor and veteran community leader, Aneralla defeated incumbent Jill Swain by a wide margin in November of 2015. “Over the last year and a half...we’ve focused on making our town more fiscally responsible; improving the quality of life for Huntersville citizens by enhancing public safety, increasing parks and rec opportunities, looking for real solutions to traffic problems plaguing our community; creating a business friendly atmosphere throughout our town; bringing a new level of transparency and accountability to town government; and increasing communications between the town and our citizens and business community.” Managing debt and cash resulted in a $600,000 in interest savings for the town, worth about a penny on the tax rate. Aneralla was also an early critic of the I-77 toll plan, and helped see to it that Huntersville exited the Lake Norman Transportation Commission, a regional transportation planning organization that promoted the failed Red Line commuter rail plan into Lake Norman, and was virtually silent as the $650 million Cintra-NCDOT toll plan turned into a political disaster for toll proponents like Swain.


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Business Today

6 July 2017

Birkdale Village inspires rebirth of Kannapolis Downtown Kannapolis will most definitely begin transforming before our very eyes, starting this fall. The City has hired a “construction manager at risk” to help ensure on-time, on-budget delivery of the West Avenue streetscape. The first component of the city’s Downtown Revitalization Project will be Birkdale Village incarnate, with vintage buildings, plenty of brick and the carefully tailored,

street-level ambiance that draws a crowd. And investment. When completed, the Revitalization Project is expected to bring over $370 million in private investment. Construction manager Barton Malow in Charlotte will manage the $22 million streetscape project which includes dozens of key components, ranging from electric service and gas

to garbage cans and pavers along West Avenue. Annette Privette, spokeswoman for Kannapolis, said planning meetings require upwards of two dozen people representing different disciplines, since one component can affect another and another. “We’ve all visited Birkdale Village… whenever anyone goes anywhere for a conference we bring back photos, pictures of streetlights, sidewalks and even trashcans,” Privette said. One of the visionaries of downtown Kannapolis is the man who once owned it: Billionaire David Murdoch, the founder of the adjacent North Carolina Research Campus. He visited Birkdale Village to get a sense of the appealing streetscape there.

“We’re very blessed that we have a wide main street now,” Privette said, explaining that the new streetscape is designed to curve and wind through the main core of downtown on West Avenue. Land Design in Charlotte is in charge of design. It will feature green and outdoor spaces that will complement the new sports and entertainment venue, apartments, retail and restaurants. It will also include improvements to the surrounding streets of downtown. Infrastructure improvements include replacing and upsizing sewer, water, storm water, natural gas, electricity and the installation of technology. The project gets under way in October.

Firm that helps with doctor certifications moves to LKN TrueLearn LLC, which helps physicians achieve board certifications in various fields of medicine, is moving its operations to 109 Professional Park Drive, Mooresville from Pittsburgh, PA. The new offices are near the Lake Norman Regional Medical Center. True Learn COO Jason Wandersee says they have been contemplating the move for about a year. “This is really a quality of life move. By moving to Mooresville, we can build our team in a great part of the country with access to excellent universities, academic research facilities, a great airport, good weather, coupled with a professional workforce.”The

company currently has 20 employees and hopes to expand once the relocation is complete. True Learn has been in business for eight years and estimates that they have assisted some 70,000 physicians achieve board certification. The company could add another five employees this year.“We were impressed with the plans for economic growth in the Mooresville and Langtree areas and look forward to drawing new talent from the surrounding colleges and universities. There is great education here in our backyard and we plan to supercharge the tech community right here in Mooresville,” Watersee said.


Business Today

July 2017

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Growth drives traffic ahead of schedule on Hwy. 73 County to US 29 in Cabarrus County into one major project, at an estimated total cost of $343 million. The work would include either widening the bridge over the Catawba River or building a second parallel bridge. “The anticipated timeframe to complete the project is three to four years after construction begins, except for the N.C. 73/N.C. 16 intersection improvements, which could take up to

Huntersville mayor says NCDOT is accelerating purchase of rights of wayg

BY DAVE VIESER When conversation in the Golden Crescent—the motorsports region from Lake Norman to Cabarrus— turns to traffic, I-77 is normally front and center. However, there’s another traffic corridor that is getting a significant amount of attention: Hwy. 73. A 35-mile stretch from Lincoln County on the west to Concord eastward is like a Main Street for the motorsports region and a connector between I-85 and I-77. While there’s a four-lane stretch known as Sam Furr Road, it’s two lanes most of the way even though some segments carry up to 70,000 vehicles a day—highly unusual for what is primarily a two-lane road. It also traverses some of the fastest growing communities in the state. “This is a critical corridor to the region and every community needs to combine their efforts for the best results, ” said Charles Knox, founder of the The Council of Planning, a multijurisdictional group that monitors and

helps manage planning for Hwy. 73. Knox formed the planning council when he was in his 30’s. “Now I’m in my 50’s and by the time Hwy. 73 is a four-lane highway from end to end, I may well be in my 70’s. However it’s a project that must be done.” Speaking at a Lake Norman Chamber Focus Friday sponsored by Business Today, Knox, and Kannapolis Planning Director Zac Gordon said they are witnessing traffic levels today which were not originally expected for another 10 years. “We will need to keep the pressure on the DOT to get it done as soon as they can,” Gordon said. Knox and Gordon expect NCDOT to begin land acquisition in 2020. “In many spots, the road has a reasonably wide right-of-way which will help,” Gordon said. To complete the widening as soon as possible, the DOT has combined what was originally seven separate widening projects from NC 16 in Lincoln

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two years,” said DOT spokeswoman Jennifer Thompson. That would mean possible completion in the 2025-2026 time frame. Mayor John Aneralla of Huntersville, where much of Hwy. 73 will be widened, said the NCDOT is accelerating the purchase of rights of way. “This is overall a very important positive for transportation and commerce in this area,” he said.


Business Today

8 July 2017

Cabarrus County

Trinity Capital Advisors sells industrial building in Concord BY SAM BOYKIN Charlotte-based Trinity Capital Advisors, which developed a Concord industrial spec building in 2014 with the help of a city grant, recently sold the building to Griffin Industrial Realty, a property developer based in New York. Griffin purchased the 277,253-squarefoot building for approximately $18.6 million through a like-kind exchange. This is a tax deferred exchange that allows for the disposal of an asset and the acquisition of a replacement asset without generating a tax liability from the sale of the first asset. As part of the Griffin deal, approximately $9.7 million of cash was held in escrow—funds derived from the sale of approximately 67 acres of undeveloped land in Connecticut that closed in April. Trinity Capital owned the building in a joint venture with Crow Holdings. Trinity Partners, a separate commercial real estate services firm, represented Griffin in the transaction, ac-

Trinity Capital developed the building in 2014 with the help of an ‘assignable grant’ from Concord

cording to Molly Carroll, director of marketing for Trinity Partners. As Trinity Capital Advisors developed the building in 2014, the City of

Concord issued an “assignable grant” to help with the project, according to W. Brian Hiatt, Concord City Manager. The grant was for three years based on a formula calculated by using 85 percent of the additional property tax value generated once the structure was built. The second of three payments was made in February 2017. The third and final payment would

occur in FY 2017-18, based on the additional tax value of the building. “As long as the increased assessed value is at least $1.5 million, the owner gets 85 percent of what the formula generates based on that increased value,” says Hiatt. The Class A building, which is 74 percent leased and just minutes from I-85 exits 54 and 55 and Hwy. 73, is Griffin’s first property in the Charlotte area, according to the company’s press release. Griffin owns more than 3.3 million square feet of property in Connecticut and Pennsylvania and has land holdings totaling more than 4,500 acres in Connecticut, Massachusetts, Pennsylvania and Florida, according to the company website. Michael Gamzon, Griffin’s president and CEO, said in the company’s press release that Griffin has studied the Charlotte market for several years and believes “it has strong long-term fundamentals driven by continued population growth, new business formations and relocations, and the influx of manufacturing in the region.” He added the company plans to grow its presence in the Charlotte market through additional building purchases and development opportunities.

Cabarrus County Convention and Visitor’s Bureau recognizes tourism draws​

Lake Norman Coin Shop We buy U.S. Coins and Currency

The Cabarrus County Convention and Visitors Bureau honored area hospitality and tourism professionals​as well as destinations at the “Celebrate Cabarrus” promotional event. Known as the “Golden Helmet Award​,” the​recipients​ were:

5. Restaurant of the Year:

1. Hospitality Humanitarian Award:

8. Hospitality Professional of the Year:

Paige Welch

2. Hotel of the Year Award:

Buy - Sell - Appraisals Mike Young 19905 W. Catawba Ave. Suite 106 Cornelius, NC 28031 (704) 895-6884

Comfort Suites, Kannapolis

3. Attraction of the Year: Southern Grace Distilleries

4. Small Business of the Year:

Cabarrus Brewing Co. and NASCAR Racing Experience

Forty Six

6. Outstanding Ambassador: Devante Watkins, Hilton Garden Inn

7. Unsung Hero:

Adam Dancy, Concord Regional Airport

Vicki Baptista, Comfort Suites at Concord Mills

9. Destination Visionary Award: City of Kannapolis

Cabarrus County ranks 12th in travel impact among North Carolina’s 100 counties​ . Visitors spen​ d about $400 million a year in Cabarrus.


10 July 2017

Cabarrus College of Health gets NorthEast grant JUNE 26. Cabarrus College of Health Sciences was recently awarded a $23,997 grant from the NorthEast Foundation to purchase 3D printer technology for the Master of Occupational Therapy Program (MOT). Nancy Murphy, program chair of the MOT program, authored the grant after seeing first-hand the difference 3D technology can make when providing occupational therapy services to clients. In support of client centered, customized treatment, this technology is expected to become an essential tool for best-practice provision of occupation-

NEWS - e

al therapy services. “With this technology, students will have the ability to critically analyze client needs, design, and customize the creation of personalized adaptive equipment, orthotics, and prosthetics that will improve client function in performing daily living activities,” she said. Using 3D technology, a client’s hand for example, can be scanned and a customized splint created using the 3D printer.

Growth spritz: NC economy to grow slowly June 5. The North Carolina economy is expected to continue the slow growth pattern of the past eight years, UNC Charlotte economist John Con-

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the unemployment rate to around 4.6 percent by December 2018. Consumer confidence is another positive indicator of the economy, Connaughton says. “During the third and fourth quarters of 2016, both North Carolina and the U.S. economy began to expand at a rapid rate. The mixed signals that had been putting a damper on the economy during the first half of the year began to sort themselves out. Consumer confidence began to rise and by December 2016 the index stood at 113.3, the highest level since the Great Recession began,” he said. Yet, Connaughton stressed that consumer confidence can change and should be monitored closely. Connaughton added that productivity growth is lacking. Connaughton said North Carolina’s labor productivity has been flat, indicating that the growth in state GDP has originated from labor force growth. “Over the last five years, North Carolina’s labor productivity has actually declined by an annual average of 0.68 percent. This means that all of the growth we have experienced during the past few years has come from labor force growth. This has come in the form of the unemployed becoming employed again and people migrating to North Carolina. The recent changes in these trends suggest that we face a challenge pushing long-term inflation-adjusted GDP growth above the 2.0 percent level in the future,” Connaughton said.

f

CLASS OF 2017

naughton said during the Mid-Year Economic Update. Foecasting a 2.4 percent inflation-adjusted growth rate, Connaughton said there are several positive economic indicators that could continue into the foreseeable future, including the pattern of growth, low unemployment and strong consumer confidence. “We are in the eighth consecutive year of positive economic growth for the North Carolina economy. We are entering the second-longest economic expansion on record. Yet the size of the economic growth has been somewhat lacking, not able to achieve an average 3.0 percent real GDP growth rate that had been fairly consistent since WWII,” Connaughton said. Connaughton also said employment trends look positive into the future. Seasonally adjusted nonagricultural employment in North Carolina is expected to reach 4.4 million people in December 2017, an increase of 1.7 percent over the employment level in December 2016. The state is expected to gain 75,200 net jobs during the year. The sectors with the strongest expected employment increases in 2017 are construction at 5.5 percent, other services at 4.2 percent, and hospitality and leisure services at 3.3 percent. By December of 2017, the North Carolina unemployment rate is expected to be around 4.7 percent. The North Carolina economy is expected to add 89,000 jobs in 2018, reducing

Business Today

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Business Today

July 2017

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NEWS - e

NC Rep. Bradford secures $100K to help seed Cornelius Arts Center

The art center is immediately west of the Cornelius Police Station

June 24. It looks like NC Rep. John Bradford, a Cornelius resident, has secured $​1​00,000 in discretionary ​funds from the state​for the embryonic Cornelius Arts Center. The seed money will help launch the multimillion-dollar arts center in downtown Cornelius that will be built on 1.85 acres just to the west of the Police Station. ​Bradford, a Republican who previously served on the Cornelius Town Board, could not be reached for comment. T ​ he arts center is expected to provide a powerful economic development boost to the downtown area which so far has dodged the revitalization seen in places like Mooresville and Concord. Funding for an arts center was approved by voters in a bond referendum for town center redevelopment back in 2013. Some $4 million was approved, separate from the land which was recently acquired for just under $1.5 million​. The property​​was assessed at $1.1 million during the 2011 revaluation, according to Mecklenburg County tax records. The property includes a century old cotton gin which is expected to be incorporated into the new facility. ​The arts center, which is expected to include arts and ceramics studios, performance spaces and a gallery, would cost well north of $4 million, which means a robust private fundraising ​campaign will get under way. Town officials envision an arts district downtown that could include a redo of the Catawba Avenue streetscape to facilitate festivals. The arts center Strategic Working Group, comprised of

business and community leaders, put together a vision for the arts center: www.cornelius.org/DocumentCenter/View/3754 As first reported by Business Today and Cornelius Today, the board of directors of the arts center, a non-profit

John Bradford announced the $100,000 funding on the steps of Cornlius Town Hall

quite distinct from the town, has hired Justin Dionne, 32, to run the facility. He is the former artistic director of Lee Street Theater in Salisbury, a model for a community-driven theater that embraces multiple communities and types of performances and art.

Strategic Working Group members include Greg Wessling, a former senior executive at Lowe’s; Denis Bilodeau, former president of Aquesta Insurance; and Carroll Gray, the former CEO of the Charlotte Chamber as well as the Cabarrus Chamber.


Business Today

12 July 2017

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Mooresville Office RE/MAX Mooresville: 121 Rolling Hill Rd, Mooresville, NC 28117 (704) 662-0095


Cornelius, Huntersville, Denver

ED CLOS Beautiful Craftsmanship throughout this lovely home with extensive upgrades. Beautiful kitchen with granite island and stainless steel appliances.

4345 Cricket Cove Ct | $415,000

Angela Purvis

3500 sq ft in Macaulay. 14631 Hillmoor Ln in Pristine Condition. $360,000 MLS # 3266096�

Frances Dawson

168 Brownstone Drvie | $1,099,000

(704) 707-6632 angelapurvisrealtor@gmail.com

Full Brick home, 4 BR, 3 full baths. 2-Story Great Rm w/tons of windows.

(704) 701-7599 frances@homesoflkn.com

124 River Birch Circle| $264,725

Helen Reece

Lovely well maintained full brick home in desired neighborhood. MLS #3235531 AGENT BONUS $3,000

(704) 929-2848 HelenReece47@gmail.com

Stunning W/F Ranch, serene setting with water views from almost every room

1120 Churchill Rd. | $534,000

4 Bedrooms, 3 Baths - Incredible Davidson property. Living Rm w/vaulted ceiling Beautiful Bonus Rm off Breakfast area

Sandy Reynolds

(704) 634-5666 SandyRemax26@aol.com

Helen Reece

(704) 929-2848 HelenReece47@gmail.com

Frances Dawson

(704) 701-7599 frances@homesoflkn.com

Cornelius Office RE/MAX Cornelius: 19600 W Catawba Ave, Ste B101, Cornelius, NC 28031 (704) 815-3200


Business Today

14 July 2017

GroWth s trateGies

Sales Orientation: How to read a sales exec’s psyche Did you ever wonder where a person is coming from, particularly your sales professionals? How an individual is oriented to the world and people around them impacts their perception of where and how they fit, what they may or may not have control over, what motivates them, and how they react to problems. If you know their perspective you may be better able to find the best ‘fit’ for them in your company, or eliminate a hiring mistake.

Here are some examples

If a person frequently places themselves in the pivotal center of stories where they alone were responsible for success, perhaps they see themselves as more influential or effective than others, and they may work best, alone. If a person reaches out to other people by asking open-ended questions to initiate conversations then listens well, they may be acutely aware of the needs and feelings of others which may posi-

tion them as someone who draws on Interviewing: Identify Their the expertise of others making for a Orientation powerful team approach to sales. Knowing during seIf someone talks most lection how a person frequently in quantitaplaces themselves in tive terms to explain sucrelationship to other cesses or describe situapeople may help you tions (as in “86% success distinguish a flexrate” vs. “it was a highly ible strong team player successful outcome”, or, from a solo sales prac“91-degrees and 85% hutitioner with a by-themidity” vs. “it’s hot and book-only perspechumid outside”), you tive toward others. may have identified a You need the best fit person focused primarfor your organization ily on methodical proand its sales processcess steps and numeriSales Coach es such as long term cal goal achievement vs. relationship building relationship building in CHERYL KANE that develops customtheir sales orientation. ers (hopefully) for life None of these is best, (insurance, healthcare practices); correct, or undesirable, unless the ‘fit’ to the sales role placement is not ac- telephone call center sales (catalog curate. Aim to locate and place sales sales, fundraising); and highly adaptprofessionals with the best alignment able sales approaches from customer to customer (advertising, automotive to your sales process objectives. sales). Each requires unique sales process approaches with a distinct fit for success in sales roles.

Call or email for a free proprietary business valuation & analysis: Joe@Jvagnone.com “Joe, it was a pleasure cooperating with you in the sale of the Pro Shine carwash in Mooresville.” John R. Kindley: Equity Commercial Properties

Knowing during selection how a person places themselves in relatioship to other people may help you distinguish a flexible strong team player from a solo sales practitioner with a by-the-book-only perspective toward others. Training: Set the Direction

When you design new-employee orientation, design it to frame the sales process, the explanation of how your organization works, and why your company polices and administrative practices are the way they are, relating each with frequent reminders of their relationship to the mission of the company. It sets employee expectations in a way that gets them

accustomed to using that same directionally oriented method to solve problems on the job, interact with other employees, and how they work with customers.

Mentoring: Define the Desired Orientation

As you offer personal insight to challenges you’ve confronted in your career, carefully and precisely identify the ways you prioritized the issues at hand, and how you evaluated alternatives for the good of the company and the customer at each step. Don’t assume the employee can see the context-define it, repeat it, then ask them to paraphrase your story, or tell a current comparative situation of their own-then listen. Are they picking up on the alignment of company values and sales process objectives you want instilled in them? When they can do this in a mentoring session they are more apt to be able to do it on their own in the field.

Evaluation and Discipline

As you review performance and find improvement needs-use their specific situations to review with them. Get the sales professional to reflect on the viewpoint they may have had at the time and listen to their thought processes as they made decisions. Where was their frame of reference? What was the pivotal decision point? How did they evaluate alternatives and balance out options? The insight you gain may offer you priceless ways you can redirect them in future situations. If you select and manage your sales professionals whose orientation is a best-fit to your particular sales processes, it can enhance your sales professionals’ motivation and sales effectiveness at every step.

Cheryl Kane, MBA, PHR, GPHR, SHRMSCP, is a strategic business consultant, sales trainer, & professional speaker specializing in strategic planning and service quality. If you seek assistance in growing your business, need a business speaker, or have a topic you would like to see in this column, Cheryl welcomes your communication at (704) 595-7188 or through her web site, www.cherylkane.net.


Business Today

July 2017

15

On The Record

THIS MONTH TRANSACTIONS……………..…...15 FORECLOSURES………………….17 NEW CORPORATIONS………..17-18

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

Cabarrus County 05/30/17 $385,500 Lennar Carolinas, LLC to Wayne & Ana Janick, 9927 Travertine Tr., Davidson 28036 05/30/17 $250,000 Serge & Leann Mathieu to Christopher & Lisa Barnhardt, 1889 Oberhaus St., Mt. Pleasant 05/30/17 $363,000 Mattamy Homes to Christopher & Julianne Pavey, 10126 Castlebrooke Dr., Concord 05/30/17 $369,500 Charles & Sara Heiser to Martin & Francene Greene, 759 Lyerly Ridge Rd., Concord 05/30/17 $266,500 Thomas Pepper to Michael & Kelli Antonides, 5418 Opehla Ct., Concord 05/30/17 $474,000 U.S. Bank Trust to Justin & Kimberly Griffith, 9712 Moody Ct., Harrisburg 05/30/17 $539,000 Scott & Carol Gibson to Michael & Kimberly Lyda, 3553 Windy Rd., Concord 05/30/17 $300,000 Jerry & Judith Long to Trey & Hannah Miller, 2790 Keady Mill Loop, Kannapolis 05/31/17 $320,000 William & Nelida Nunes to John Leinweber & Elena Reetz, 96 Cabarrus Ave. W., Concord 05/31/17 $265,000 Clayton & Courtney Smith to Jamie & Erin Andrews, 9807 Ravenscroft Ln., Concord 05/31/17 $379,000 Larry & Amber Moore to Darrin Gamradt, 2876 Donegal Dr., Kannapolis 05/31/17 $320,000 Todd & Jane Kropf to David & Wendy Champion, 3232 Kelsey Plaza, Kannapolis 05/31/17 $255,000 Secu*re, Inc. to Joel Silver & Adrian Davis, 5171 Rocky River Crossing Rd., Harrisburg 05/31/17 $322,000 Ivey Spears to Dean & Anita Vaughan, 8314 Burgundy Ridge Dr., Harrisburg 05/31/17 $501,500 Meritage Homes of the Carolinas, Inc. to Toy & Kimberly Talley, 4486 Buckskin Dr., Harrisburg 05/31/17 $307,000 Scott & Karen Waller to Megan Waninger, 11030 River Oaks Dr., Concord 05/31/17 $365,000 JR Homes of North Carolinas, LLC to Lance & Alison Wooster, 10521 Sweethaven Ln., Harrisburg 05/31/17 $329,000 Dwight & Judy Trout-

man to Daniel & Wendy Bignall, 13401 Old Camden Rd., #4, Midland 05/31/17 $365,000 Annie Johnson to Kenneth & Monica Able, 2665 Treeline Dr., Concord 05/31/17 $431,000 Meritage Homes of the Carolinas, Inc. to Venkata Siva & Ushalatha Pappala, 8390 Breton Way, Harrisburg 05/31/17 $295,000 Brian & Hope Elliott to Robert & Collette London, 7332 Milltown Ct., Concord 05/31/17 $294,000 Pitts School, LLC to Carlo & Evelyn Parillo, 5383 Roberta Meadows Ct., Concord 05/31/17 $257,000 John & Adelaide McNeill to 5M’s, LLC, 1.363 ac. on Mt. Pleasant Rd., Mount Pleasant 05/31/17 $390,000 JR Homes of North Carolina. LLC to David & Bria Smith, 10509 Sweethaven Ln., Harrisburg

More Cabarrus Transactions online at www.BusinessTodayNC.com

Mecklenburg County 5/26/17 $290,000 Matthew & Emily Stilley to James & Joan Hickey,14436 Colonial Park Dr., Huntersville 5/26/17 $283,000 Pulte Home Co to Bonitta & Dianand Maharana, 12825 Stella Belle Dr., Huntersville 5/26/17 $287,000 William & Mary Murren to Chia Ming Chung, 15502 Waterfront Dr., Huntersville 5/26/17 $355,000 Lynn Hulen, Ronaald & Linda Hulen, James Hulen, Rima Hulen to Troy & Cindy Williams, 12200 McCord Rd., Huntersville 5/26/17 $569,000 Christopher & Teresa Crabtree to Kevin & Amanda Underwood, 19444 Stough Farm Rd., Cornelius 5/26/17 $476,000 Epcon Nantz Road LLC to Arlis Galloway, 15015 Courtside Cove Ln., Cornelius 5/26/17 $365,000 Scott & April Ross to Timothy & DeAnne Harrington, 12435 Bradford Park Dr., Davidson 5/26/17 $390,000 Corrine Peterson to Alexa Arias & Sean McCune, 17013 Carlton Way, Huntersville 5/26/17 $288,000 Rick & Natalie Zoerb to Debra Agnostinelli, 17532 Harbor Walk Dr., Cornelius 5/26/17 $658,500 Rolf & Holly Paeper to Kyle & Jenna Mayo, 18206 Nautique Dr., Cornelius 5/26/17 $507,000 Lauren Denszczuk & Kyle Margrave to Elizabeth Bozzini & Raphael Bozzini Jr., 15921 Robbins Green Dr., Cornelius 5/26/17 $2,000,000 Micheal & Geraldine Foran to Gregory Farbolin, Lot 536 The Peninsula, Cornelius 5/26/17 $291,000 Pulte Home Co. to Diana Osborne, 15242 Liberty Ridge Ln., Huntersville 5/26/17 $282,000 Pulte Home Co. to Amanda & Aaron Dworsky, 15226 Liberty Ridge Ln., Huntersville 5/26/17 $900,000 Plattner Custom Builders

to Craig Savage, 15640 June Washam Rd., Davidson 5/26/17 $596,000 John & Edith Gross to Lance & Polly Cantor, 18108 River Ford Dr., Davidson 5/30/17 $650,000 William & Sally Ntim to Justin Murphy & Gabriella Alberdi, 17404 Pennington Dr., Cornelius 5/30/17 $735,000 Bari & Lauren Goggins to Willem & Valerie Kuybenhoven, 18524 Hammock Ln., Davidson 5/30/17 $315,000 Michael & Dana Napierkowski to Craig Vesling & Emily McLoughlin, 8317 Sandowne Ln., Huntersville 5/30/17 $370,000 Jeffrey & Kayla Marty to Jeffrey Marchant & Luz Barona, 12029 Willingdon Rd., Huntersville 5/30/17 $232,500 Leanne & William Costello III to CSHP One LP, 9022 Glenashley Dr., Cornelius 5/30/17 $288,000 Stephen & Lauren Hoegler to Kristie Edward Fatscher III, 8111 Townley Rd., Huntersville 5/30/17 $289,000 Polly & Jon Taylor to CSHIP One LP, 13305 Banner Court Ln., Huntersville 5/30/17 $325,000 Joseph & Joan Schrody to Joseph Labus & Ann Wilson, 8110 Townley Rd., Huntersville 5/31/17 $323,000 Thomas & Debra Hafner to J. Michael & Nancy Kota, 1126 South St., Cornelius 5/31/17 $317,500 James Davis & Tobias & Kelly Kienle, 8814 Cool Meadow, Huntersville 5/31/17 $350,000 Jose & Allison Fernandez to Andrew & Ashley Palladino, 6604 Olsmford Dr., Huntersville 5/31/17 $281,000 Chessman Homes to West & Rebecca Robinson, 12416 Bradford Park Dr., Davidson 5/31/17 $367,000 Epcon Huntersville to thomas & April Martocci, 8007 Parknoll Dr., Huntersville 6/1/17 $305,000 Mark & Angela Graham to Alan & Carrie Lockcuff, 9935 Willow Leaf Ln., Cornelius 6/1/17 $600,000 Robert Jones to Martin & Patricia Schottenheimer, 19825 North Cove Rd. Suite B, Cornelius 6/1/17 $510,000 Robert Valentinsen Jr. to Brian & Mindi Robinson, 17533 Caldwell Track Dr., Cornelius 6/1/17 $319,000 Christopher & Kenna Terrill to Karthik Ravishankar & Deepa Natarajan, 15744 Centennial Forest Dr., Huntersville 6/1/17 $299,500 Carolyn Atwell to Scott & Karen Waller, 18840 Nautical Dr. Unit 66, Cornelius 6/1/17 $726,000 Mark & Susan McDermott to Michael & Dawn Mayhew, 18628 Town Harbour Rd., Cornelius 6/2/17 $296,000 Christina & Peter Beamer to Martin Radmann & Julia Montognese, 10523 Danesway Ln., Cornelius 6/2/17 $316,500 Wesley & Yvonne Young to Heidi & Russell Laiche, 15731 Kiser Corner Ln., Davidson 6/2/17 $377,000 Patrick & Beverly Greene to Thomas & Kathleen Corbett, 20418 Middletown, Cornelius

6/2/17 $345,000 Indigo & August LLC to Pope Investments, 8655 Brook Glen Ln., Huntersville 6/2/17 $517,500 Taylor Morrison of Carolinas to Katherine & Joseph Musser, 9512 Hightower Oak St., Huntersville 6/2/17 $309,000 Chesmar Homes to Kelly & Betty McClain, 12424 Bradford Park Dr., Davidson 6/2/17 $308,000 Joshua & Laura Hollar to John & Alicia DiBernardo, 3825 Hil Tree Cir., Huntersville 6/2/17 $699,000 JCB Urban Co. to Erik & Margaret Sass, 828 Patrick Johnston Ln., Davidson 6/2/17 $402,000 Gary & Caireen Broadbent to Julianne & Ronald Davan, 15118 Hugh McAuley Rd., Huntersville 6/5/17 $291,000 Michael & Kimberly Helms to Farhod & Barno Elbekova, 8834 Cherry Blossom Ln., Cornelius 6/5/17 $246,000 Sara Butler to Ruhail & Amaryllis Butt, 20556 Harbor View Dr., Cornelius 6/5/17 $210,000 Joshua & Jocelyn Seeburger to Christina Demaine, 20308 Harroway Dr., Cornelius 6/5/17 $335,000 Michael & Ann Matthews to Michelle Dillon, 14017 Holly Springs Dr., Huntersville 6/5/17 $1,200,000 Patrick McNamara to Yubi Chen & Wei Hang, 17520 Sail View Dr., Cornelius 6/5/17 $201,500 Brent Crutchfield & Gregory Bialck to Charles Lacy, 19797 Acasia Pl., Cornelius 6/5/17 $421,000 Carl & Margaret Rogers to Rodrigo & Simone Canova, 7613 Chaddsley Dr., Huntersville 6/6/17 $475,000 Michael & Diana Horn to David & Katherine Smith, 15915 Northstone Dr., Huntersville 6/6/17 $1,310,000 James & Donna Kohosek to John & Filomean Turnblom, 17920 John Connor Rd., Cornelius 6/6/17 $600,000 Christopher & Joan Karas to Christopher & Paula Barton, 1039 San Michele Pl., Davidson 6/6/17 $135,000 Leah & Brandon Taylor to Shauna & Jeffrey Burns, 19850 Deer Valley Dr., Cornelius 6/6/17 $365,000 Charles &Amanda Windell to Victor Brown, 1122 South St., Cornelius 6/7/17 $495,000 Jacob & TerrinWright to Christopher & Elizabeth Wilson, 14102 Holly Glade Cir., Huntersville 6/7/17 $143,000 Stephanie & Donald McAvoy III, Edgar Thomas to Heather Clark, 19852 Deer Valley Dr., Cornelius 6/7/17 $307,000 Pulte Home Co. to Ricardo Aguilar & Alesia Kashko, 15222 Liberty Ridge Ln., Huntersville 6/7/17 $436,000 Epcon Huntersville to Jeffrey Burkey, 8015 Parknoll Dr., Huntersville 6/8/17 $475,000 Epcon Nantz Road LLC to Joan Fesko, 17712 Courtside Landing Dr., Cornelius Continued on page 16


Business Today

16 July 2017

Call for Entries

We are now accepting nominations for the Top Women Class of 2017 To nominate a Top Women leader, please visit http://businesstodaync.com and click on the top banner Nominations deadline is Thursday, August 31, 2017

Attention: Women leaders! Nominate your boss, a friend or yourself. Business Today has recognized 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 Challenging workloads, juggling families or children True professionals who maintain a positive attitude. A Champagne Reception and Expo honoring this year’s Top Women will be held Thursday, October 19 at River Run Country Club from 6-9 pm. Presented by:

Sponsorships available. Call 704.895.1335.

On The Record Continued from page 15

6/8/17 $327,000 Binnie Neel to Avi & Monica Ram, 12114 Ulsten Ln., Huntersville 6/9/17 $411,000 Mark & Dora Johnson to Zane & Jessica Browning, 15616 Louth Ct., Huntersville 6/9/17 $1,435,000 Jennifer & Jason Yaudes to Daniel & Stacey Ryan, 19213 Hidden Cove Ln., Cornelius 6/9/17 $490,000 Mark & Carolyn Wieser to Levi & Jennifer Hetrick, 18732 Greton Ln., Davidson 6/9/17 $410,000 Rodney Sims & Christy Durbin to Holly Beeson, 8629 Camberly Rd., Huntersville 6/9/17 $560,000 Eric & Bonnie Shelton to Mark & Amanda Dudek, 18824 Greyton Ln., Davidson 6/9/17 $379,500 David & Peggy Yountz to John & Colleen Towle, 18639 Harborside Dr., Cornelius 6/9/17 $345,000 NEI Global Relocation Co. to Kevin & Adreinne White, 15405 Tuxford Dr., Huntersville 6/9/17 $349,000 Batric & Natasa Mihailovic to NEI Global Relocation Co., Lot 4 NorthStone, Huntersville 6/9/17 $470,000 Michael & Kelly McNulty to Keith & Julie Pavlick, 12526 Willingdon Rd., Huntersville 6/9/17 $315,000 Thomas Benson to AMH NC Properties, 13225 Hidcote Ct., Huntersville 6/9/17 $294,000 Nick & Connie Cotugno to Jonathan & Elizabeth Schrand, 13231 Fremington Rd., Huntersville 6/9/17 $370,000 Andrea & Jeffrey Riddle to Nancy Conley, 14523 Harvington Dr., Huntersville 6/12/17 $897,000 Edward & Robin Abramson to Jesse & Rebecca Davis, 17909 Nodghia Cir., Davidson 6/12/17 $479,000 John & Holly Hancey to Eric & Sanya Woods, 15628 Glen Miro Dr., Huntersville 6/12/17 $370,000 Michael & Maria Tobin to Sae Woong Kil & Yun Kyoung Kim, 8447 Sandowne Ln., Huntersville 6/12/17 $372,000 Leo & Carol Dagostin to Evelyn & Leo Harvey Jr., 11602 Dublin Cres cent Rd., Cornelius

More Mecklenburg Transactions online at www.BusinessTodayNC.com

Mooresville 5/30/17 $399,000 Jacqueline Swindell to Lorena & Donald Snell, 122 Snow Fountain Ln. 28115 5/30/17 $450,000 Robert & Heather Royal to Bruce & Angela Trent, 216 Collingswood Rd. 28117 5/30/17 $1,215,000 Sisters Cove of LKN to Chris & Rhonda Muhlenkamp, 719 Cornelius Rd. 28117 5/30/17 $307,500 NVR to Christine & Jerry Owen, 180 Welcombe St. 28115 5/30/17 $270,500 Kevin & Joyce Salvadori to

Huifen & Zhifeng Chen, 120 Dabbling Duck Cir. 28117 5/30/17 $599,000 John & Denise Kwiatkowski to Gregory M. Sanders, 255 Marietta Rd. 28117 5/31/17 $300,500 Standard Pacific of the Carolinas to Jonathan & Brittany Mayes, 225 Blossom Ridge Dr. 28117 5/31/17 $1,230,000 The William M. Falotico Trust to JDCA LLC, 745 Kemp Rd. 28117 5/31/17 $297,000 Luke & Christi Hessels to Jennifer & Joshua Bender, 146 N. Wendover Trace Ave. 28117 5/31/17 $282,000 Joseph & Joanne Schierer to Erin & Aaron Mathews, 117 Cranbrook Ln. 28117 5/31/17 $392,000 Kurt James Cook to Luke & Christi Hessels, 125 Eclipse Way 28117 5/31/17 $312,500 NVR to Jerathen Tillman, 190 Welcombe St. 28115 5/31/17 $253,000 Joel & Peggy Bistok to Dwayne Kieta, 142 Glenn Allen Rd. 28115 5/31/17 $270,000 Michael & Barbara Strait to Michelle & Gordon Alworth, 136 Harris Farm Rd. 28115 5/31/17 $287,000 Lennar Carolinas to Leslie & Robert Morton, 133 Mackinac Dr. 28117 5/31/17 $338,000 Live Well Homes to CSHP One L.P., 126 Bushey Loop 28115 5/31/17 $300,000 Lance & Marie Christiansen to Yolanda & Jonathan Lindsay, 162 E. Warfield Dr. 28115 5/31/17 $378,000 D.R. Horton to John & Erin Bowling, 207 Blueview Rd. 28117 5/31/17 $257,000 M/I Homes of Charlotte to William E. Calvert, 175 Glastonbury Dr. 28115 5/31/17 $410,000 True Homes to Scott & Sherry Draher, 114 Wheaton Ln. 28117 5/31/17 $295,000 BMCH North Carolina to Willie & Linda Wooldridge, 120 Boxtail Way 28115 5/31/17 $362,500 Matthew & Cherie Gallo to Eric & Amanda Foster, 217 Crimson Orchard Dr. 28115 6/1/17 $359,500 H&H Constructors of Fayetteville to Alvaro & Luciane Valls, 214 Branchview Dr. 28115 6/1/17 $325,000 Dana & Christopher McClure to Lance & Marie Christiansen, 176 Lavender Bloom Loop 28115 6/1/17 $285,000 River Rock Construction to CSHP One LP, 128 Four Seasons Way 28117 6/1/17 $332,500 Crane Realty to Salvatore & Cheryl Cristofalo, 227 Beracah Pl. 28115 6/2/17 $328,000 Prestige Corporate Headquarters to Jason & Ganna Bennett, 139 Crystal Cir. 28117 6/2/17 $290,000 Douglas & Susan Bassinger to Joseph Korb & Angela Timmons, 119 Worley Dr. 28117 6/2/17 $405,000 Angelo & Michele Dellorso to Lee S. Cooperman, 136 Orchard Farm Ln. 28117

More Mooresville Transactions online at www.BusinessTodayNC.com


Business Today

July 2017

17

On The Record

FORECLOSURES

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

Cabarrus County 05/23/17 Trina Benfield-McGuire, 1160 Duchess Dr., Mount Pleasant, Bank of New York Mellon, $215,000 05/23/17 George &Carol Peek, 167 Kerr St., Concord, U.S. Bank Trust, $81,000 05/23/17 Voideal Stapleton, 142 Beaumont Ave., Kannapolis, CitiFinancial Services, $72,212 05/24/17 Michael & Marsha Dickenson, 2435 Lynn Dr., Concord, Federal National Mortgage Assoc., $81,000 05/30/17 Mary Smith, 6677 Thistle Down Dr., Harrisburg, Wells Fargo Bank, $195,000 05/30/17 Sihony & Fibiola Medina, 3987 Longleaf Ct., Concord, Federal National Mortgage Assoc., $174,815 05/31/17 Dwight & Holli Davis, 838 Highlander Ct., Concord,Wilmington Savings Fund Society, $171,500 05/31/17 David & Regina Taylor, 2995 Clover Rd., Concord, U.S. Bank National Assoc., $186,300 05/31/17 Donald & Jacinda Stremovihtg, 8980 Cherrys Ford Ct., Harrisburg, Dover Mortgage Co., $150,000 05/31/17 Joel Simmons, 10985 Slate Terrace, Davidson 28036, Wells Fargo Bank, $360,380 05/31/17 James & Dawn Wells, 4219 Kellybrook Dr., Concord, Wells Fargo Bank, $120,955 05/31/17 Everette Biddy Estate, 5943 Ashebrook Dr., Concord, Wells Fargo Bank, $160,000 06/01/17 Lirio Rosas, 252 Vance Dr., Concord, Bank of New York Mellon, $32,960 06/02/17 RachelSpidel, 82 Arlington Ave., Concord, Fifth Third Bank, $100,000 06/02/17 Mason Brown, 7234 Streamhaven Dr., Harrisburg, U.S. Bank National Assoc., $327,750 06/06/17 Patrick Phillips, 4950 Sunburst Ln., Charlotte 28213, Wells Fargo Bank, $103,500 06/07/17 Robert & Trixy Yeomans, 940 Lynnview Ct., Kannapolis, Sterns Lending LLC, $161,200 06/07/17 Robert & Evy Smith, 163 Arlington Ave., Concord, U.S. Bank Assoc., $175,000 06/09/17 Gabrielle Goins, 104 N. Bostian Ave., Kannapolis, Wells Fargo Bank, $33,343 06/20/17 Mary Baillif, 353 Splicewood Ave., Concord, Ditech Financial LLC, $84,800 06/20/17 James & Katara Dixon, 10247

Kirkmont Dr., Charlotte 28269, Nationstar Mortgage LLC, $228,000 06/21/17 Casey Litaker, 2911 Trinity Church Rd., Concord, Bank of North Carolina, $306,941 06/21/17 Timothy & Corey Davis, 2745 Lamplighter Dr., Kannapolis, Nationstar Mortgage LLC, $187,933

More Cabarrus Foreclosures online at www.BusinessTodayNC.com

Mooresville

5/30/17 Diane & Michelangelo Fortuna, 158 Quiet Cove 28117, Century 21 Mortgage $216,000 5/31/17 Robert & Lynette Thompson, 513 Fieldstone Rd. 28115, Mooresville Savings Bank $151,400 5/31/17 Brenda J. Dipple, 134 S. Cromwell Dr. 28115, Southern States Mortgage $179,054 6/2/17 Janice Elaine Propst, 129 Hidden Harbor Rd. 28117, Wells Fargo Bank $151,096 6/5/17 Gary & Charlene Miller, 150 Commodore Loop 28117, Myers Park Mortgage $153,000 6/6/17 Charles & Kerstin Caputo, 1488 Mecklenburg Hwy. 28117, Equity Services $92,000 6/19/17 Michael & Mary Readling, 107 Millen Dr. 28115, Pine State Mortgage $224,940 6/20/17 Jeffrey A. Simpkins, 152 Barkdale Ln. 28117, Cunningham & Company $152,000 6/20/17 Jon & Jan Carlson, 178 Attleboro Pl. 28117, SunTrust Mortgage $880,500

More Mooresville Foreclosures online at www.BusinessTodayNC.com

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

Cabarrus County 5/30/17 Faggart Travel Inc., Debra Faggard, 51 Union St. South, Ste. 102, Concord 5/30/17 J.D. Pro Cleaning Service LLC, Natalie Forbes, 312 Lily Green Ct. NW, Concord 5/30/17 L & B Masonry Construction LLC, Scott E. Little, 10580 Pioneer Mill Rd., Concord 5/31/17 A ‘N’ J Construction Inc., James Jordan, 2420 Roberta Rd., Concord 5/31/17 Dale Smith Enterprises LLC, Dale Smith, 5399 Village Dr. NW, Concord 5/31/17 First International Baptist Church, Edwin D. Martinez, 117 Peachtree Ave. NW, Concord 5/31/17 Heavenly Hearth LLC, James Albert Conyer, 188 McGill Ave., Concord 5/31/17 PunkinHeads LLC, Mary Emory

Fisher, 1014 Mistywood Ln., Concord 5/31/17 Robert C. Rogers Dental Lab LLC, William F. Rogers Jr., 238 Union St. N, Concord 5/31/17 RRT-Plant 3 LLC, Zachary M. Moretz, 300 McGill Ave. NW, Ste. 100, Concord 5/31/17 Thunderline Transport Corp., David Lopera, 325 McGill Ave., Ste. 524, Concord 5/31/17 Verimax Tax Services LLC, Maxwell Ofori, 1425 Overlea Pl. NW, Concord 6/1/17 Applied Governance LLC, Brian A. Dandeneau, 1154 Riding Trail Ln., Concord 6/1/17 Elmira Grove Inc., Corry Brannen, 141 Union Street South, Concord 6/1/17 Metz Holdings LLC, Dawn Metz, 4894 Renfrew Dr., Concord 6/1/17 Yankees Dough Company LLC, Vito Caputo, 571 Bruton Dr. NW, Concord 6/5/17 BE Green LLC, Brynn Green, 84-Z Lake Concord Rd. NE, Concord 6/5/17 Cooper’s Corner LLC, Anthony Cooper, 3034 Deep Cove Dr. NW, Concord 6/5/17 Cortes Painting LLC, Homero Cortes, 1131 Peoples Ct., Concord 6/5/17 Cuadra Construction LLC, Eliseo Pascual-Baez, 133 Wilson St. NE, Concord 6/5/17 Gift Box Shop LLC, Travis Williams, 8611 Concord Mills Blvd., Ste. 208, Concord 6/5/17 Jordan Investments LLC, Jody Jordan, 225 Northchase Dr., Concord 6/5/17 Optimized Properties LLC, Stephanie L. Cooper, 5620 Concord Pkwy., Ste. 203, Concord 6/6/17 Kings Connections CDC Inc., William Brunson Sr., 283 Morning Dew Dr., Concord 6/6/17 Lipscomb’s Janitorial Services LLC, Gwendolyn Lipscomb, 3275 Oulten St. SW, Concord 6/6/17 LMS Properties Inc., Mark Alan Barbee, 761 Courtney St. SE, Concord 6/6/17 McGaha-Yow & Company LLP, Brenda Yow, 963 Odell School Rd., Concord 6/7/17 ARB Construction Inc., Maria Rodriguez, 193 Kerr St. NW, Concord 6/7/17 Miracle Rock 3:16, Paula Jones, 5835 Brookstone Dr., Concord 6/7/17 Trina’s Cleaning Services LLC, Patrina Hodges, 1 Buffalo Ave. NW, Ste. 90, Concord 6/7/17 Urban & West Inc., Heather Lee, 613 Georgetown Dr. NW, Concord 6/8/17 AM Logistics LLC, Arsenig Egorov, 3044 Prade Ln. SW, Concord 6/8/17 D & T Trucking LLC of NC, Damon McNair, 5235 Moonlight Drive Trl. SW, Concord 6/8/17 Fregulia Trucking LLC, Marcos J. Fregulia, 6000 Grand Summit Blvd., #6312, Concord 6/8/17 Hodges Studio LLC, Daniel Hodges, 223 Blackberry Trl., Concord 6/9/17 Express Fire Protection LLC, Javier A. Dominguez, 618 Faith Dr. SW, Concord 6/9/17 S3R Partners LLC, Subramanyeswar Chinthala, 2373 Maple Grove Ln. NW, Concord 6/9/17 Salomon Family Properties LLC, Lisa Ann Salomon, 3220 Westridge Ln. SW, Concord 6/12/17 CEAK Trucking LLC, Kelly L. Williams, 8361 Bampton Dr., Concord 6/12/17 Greater Carolina Homes LLC, Rich-

ard D. Hopkins, 3901 Dakeita Cir., Concord 6/12/17 The KVN Group LLC, Kevin Griffin, 10298 Lemmon Ave., Concord 6/12/17 Metrolina Driving Academy LLC, Brain Keith Cook, 4435 Dawn Ridge Place, Concord 6/13/17 4 My Girls Trucking LLC, Eric Morales, 1227 Hydrangea Cir. NW, Concord 6/13/17 Costa Del Sol Restaurant LLC, Diman Jesus Cante, 268 McGill Ave. NW, Concord 6/13/17 Davis Dukes Real Estate Developments LLC, Tiffany B. Davis Dukes, 3170 Patrick Henry Dr. NW, Apt. F, Concord 6/13/17 Heartwood Home Services LLC, David K. Magnuson, 1511 Cambridge Heights Pl. NW, Concord 6/13/17 J&R Cleaning Brigade LLC, Jacobi Adams, 609 Harris St. NW, Concord 6/13/17 Techni Solutions LLC, Lakshmi Sravanthi Sudha, 10593 Skipping Rock Ln. NW, Concord 6/14/17 905 Investments LLC, Chase Propst, 788 Rothmoor Dr. NE, Concord 6/14/17 C4Cycling Inc., Matt Hartman, 5633 Zion Church Rd., Concord 6/14/17 Finisher Athletics LLC, Danielle Thomas, 546 Easy St., Concord 6/14/17 Hollow Hops LLC, Ashley Roth, 629 Weyburn Dr., Concord 6/14/17 Kijuan’s Trucking LLC, Manuel K. Jones, 2908 Mountcrest Cir. NW, Concord 6/14/17 Moon Holdings LLC, Stephanie L. Cooper, 5620 Concord Pkwy., Ste. 203, Concord 6/14/17 Practice Compliance LLC, Karen Ann Schepler, 4553 Waldens Pond Trwy., Concord 6/14/17 Rapha Kingdom Global Ministries Inc., Avril Wiggins, 5125 Albright Rd. NW, Apt. 205, Concord 6/15/17 DHR Rental LLC, Hiteshkumar Rathod, 9788 Ravenscroft Ln. NW, Concord 6/15/17 HandBuilt Leather Goods LLC, Carl E. Miller, 799 Rubens Rd., Concord 6/15/17 Kennedy Konextions LLC, Demarcus Kennedy, 1362 Hidden Valley Dr., Concord 6/15/17 Maya Logistics LLC, George O. Onsongo, 333 Crown Point NW, Concord 6/15/17 Safeguard Fencing Inc., Luther Daniel Stidham, 227 Laverne Dr. SW, Concord 6/16/17 LOU-OWL LLC, Lina Gibson, 161 Hillcrest Ave. SE, Concord 6/16/17 Terra Change LLC, Zachary M. Moretz, 300 McGill Ave. NW, Ste. 100, Concord

More Cabarrus New Corporations online at www.BusinessTodayNC.com

Mecklenburg County 5/30/17 Belmont Rowing Supporters LLC, Cynthia L. White, 16615 Flying Jib Rd., Cornelius 5/30/17 Bostian Wealth Management LLC, Derek Bostian, 9525 Northdowns Ln., Huntersville Continued on page 18


Business Today

18 July 2017

On The Record Continued from page 17

5/30/17 Burgin Auto Movers LLC, Larry Burgin, 13016 Eastfield Rd., Ste. 200, Huntersville 5/30/17 Everlark Dressage and Eventing Inc., United States Corporation Agents, 14614 Brown Mill Rd., Huntersville 5/30/17 Majestik Home & Lawn LLC, John Burak, 17619 Train Station Dr., Huntersville 5/30/17 RJF Holdings LLC, United States Corporation Agents, 21315 Sandy Shore Ln., Cornelius 5/30/17 The Roofing Gal LLC, Lisa A. Thompson, 20019 Oakbranch Ln., Cornelius 5/31/17 AFFK Juice Inc., Francis J. Carreli, 14204 Black Farms Rd., Huntersville 5/31/17 Barber Pedagogy Inc., Paul L. Burch, 7103 April Mist Trl., Huntersville 5/31/17 groupizy LLC, Joseph Bruce Hewitt, 16106 Henry Ln., Huntersville 5/31/17 Kadad Resources LLC, Katharine Pierce, 200 Royalton Pl., Huntersville 5/31/17 Myruka Food Group LLC, United States Corporation Agents, 19601 Whilehaven Ct., Cornelius 5/31/17 NSMBM LLC, Bina S. Kalaria, 10114 Edgecliff Rd., Huntersville 5/31/17 Organic Mama Deals LLC, Giovana Frei, 18709 The Commons Blvd., Cornelius 5/31/17 USwell Nonwovens LLC, Jiayun Li, 11220 Wescott Hill Dr., Huntersville 6/1/17 6409 Barrington Drive LLC, Martin M. Brennan Jr., 13801 Reese Blvd. W, Ste. 110, Huntersville 6/1/17 Hoops College LLC, Dickran Parunak, 10505 Madison Park Dr., Charlotte 28269 6/1/17 North State Auten Woods LLC, Christopher Shane Buckner, 16930 W. Catawba Ave., Ste. 205, Cornelius 6/1/17 Pack Meals LLC, Summer Davis, 7738 Autumnview Ct., Huntersville 6/1/17 Reel Hook Up Sportsfishing LLC, United States Corporation Agents, 20427 Havenview Dr., Cornelius 6/1/17 Tim Small Holdings LLC, Thomas C. Jeter, 18525 Statesville Rd., Ste. D-02, Cornelius 6/1/17 TRB Distribution LLC, Todd R. Burleson, 19612 Heartland St., Cornelius 6/1/17 Turning Point Physical Therapy LLC, Matthew P. Turner, 14233 Bankside Dr., Huntersville 6/2/17 AdvantaClean Foundation Inc., Jeffrey R. Dudan, 107 Parr Dr., Huntersville 6/2/17 The Factory Church of North Carolina Inc., Dave Wedding, 17807 Largo Pl., Cornelius 6/2/17 Johnny Construction LLC, Judit Mejia, 11912 McCoy Rd., Huntersville 6/5/17 Creative G Concept Inc., Gaspar Cantanzaro, 8015 Evanston View Rd., Apt. A, Huntersville 6/5/17 DJ Solutions LLC, Tim A. Castlebury, 18440 The Commons Blvd., #204, Cornelius 6/5/17 Home Media Solutions of Charlotte Inc., Brian Reischman, 8712 Lindholm Dr., Ste. 300, Huntersville 6/5/17 Warnemunde Services LLC, Case Warnemunde, 21325 Catawba Ave., Cornelius

6/6/17 AVA Gallery LLC, Eric Vogen, 108 South Main St., Ste. B, Davidson 6/6/17 Avie Banks LLC, Avie Banks, 2054 Topaz Plaza, Davidson 6/6/17 Delighted Hair Studio LLC, Emily Nicole Pope, 16623 Birkdale Commons Pkwy., Ste. 103A #24, Huntersville 6/6/17 Lake Norman Lawn Care LLC, Herman Bruno, 16241 Leeward Ln., Huntersville 6/6/17 New York Bar and Lounge Corp., John C. Woodman, 11742 Windy Mist Way, Huntersville 6/6/17 Paradigm Shifters LLC, Budmin R. De Silva, 11731 Banter Ln., Huntersville 6/6/17 Shami Sweets LLC, Clay Resweber, 209 Armour St., Davidson 6/6/17 Trails End Custom Construction LLC, Benjamin Hammill, 11745 Trails End Ln., Huntersville 6/6/17 XLR8 Reps LLC, United States Corporation Agents Inc., 18619 Silent Falls Cove, Davidson 6/7/17 Auto Inspections In/Out – Huntersville South, Inc., Gary D. Bailey, 11230 Mount Holly Huntersville Rd., Huntersville 6/7/17 Collaborative Solutions Group LLC, Sean Michael Bartolotta, 12902 Blakemore Ave., Huntersville 6/7/17 K. Cunningham Consulting LLC, Pam Cunningham, 17304 Royal Court Dr., Davidson 6/7/17 LKN DroneWorks Inc., Keith Roach, 20101 Norman Colony Rd., Cornelius 6/7/17 ROC Solid Transportation LLC, Raheem Griffin, 12705 Coral Sunrise Dr., Huntersville 6/7/17 Venkra LLC, Venkatesan Parkunan, 13035 Serenity St., Huntersville 6/7/17 Watkins Builders LLC, Ann B. Watkins, 7507 Montrachet Ln., Cornelius 6/8/17 Bill Price Properties LLC, William A. Price Jr., 18714 Peninsula Cove Ln., Cornelius 6/8/17 Bill Price Realty Group LLC, William A. Price Jr., 18714 Peninsula Cove Ln., Cornelius 6/8/17 Brian Resetar Realty Inc., Brian Resetar, 12920 Heath Grove Dr., Huntersville 6/8/17 Bright Path Group LLC, John E. Allen Jr., 14632 Holly Springs Dr., Huntersville 6/8/17 D3 Foundation, Douglas Abell, 15607 Knox Hill Rd., Huntersville 6/8/17 Dream Chasers 3.0 Inc., Shawn W. Cooper, 367 Armour St., Davidson 6/8/17 Erica Jordan Designs LLC, Thomas C. Jeter III, 18525 Statesville Rd., Ste. D-02, Cornelius 6/8/17 Franchise Acceleration Partners Inc., Jeffrey R. Dudan, 107 Parr Dr., Huntersville 6/8/17 North State Walton LLC, Christopher Shane Buckner, 16930 W. Catawba Ave., Ste. 205, Cornelius 6/9/17 Beyond Decadence Inc., Maria C. Kemp, 16440 Sedgebrook Ln., #206, Huntersville 6/9/17 D&Hunk LLC, Marion Sekerak, 320 Cathey St., Davidson

More Mecklenburg New Corporations online at www.BusinessTodayNC.com

Mooresville 5/30/17 Northlake Home Solutions LLC, Daniel Thomas, 110 Lookout Point Pl. 28115 5/30/17 William – Allen Construction LLC, George F. Allen, 150 Weeping Spring Dr. 28115 5/31/17 2K Equine Ventures LLC, Robert A. Benson, 233 Bite Size Ln. 28115 5/31/17 Scripternity LLC, Nakomi Burgett, 107 Peterborough Dr. 28115 6/1/17 Ace Restoration Pros Inc., Logan Riera, 156 Bluffton Rd. 28115 6/1/17 Awesome Sauce Inc., Lance W. Degroot, 718 S. Magnolia St. 28115 6/1/17 Petrenko Holdings LLC, Victor Petrenko, 148 Royal Pointe Way 28117 6/2/17 Retrofit Renewables LLC, Kevin M. Rose, 138 N. Main St. 28115 6/2/17 Shierson Family Foundation Inc., Fern C. Shierson, 156 Union Chapel Dr. 28117 6/2/17 SKW Inc., Steve Wells, 121 Harrison Point Ct. 28117 6/2/17 Southern Pear Counseling and Consulting Inc., Morgan Bartlett-Hicks, 111 Waderich Ln. 28117 6/5/17 Acres of Hope International Inc., Amy La Count, 128 Yacht Rd. 28117 6/5/17 B & C Lifestyle Properties LLC, Richard J. Lutzel, 542 Williamson Rd., Ste. A 28117 6/5/17 Bungalow Lifestyle LLC, Richard J. Lutzel, 542 Williamson Rd., Ste. A 28117 6/5/17 KF Corp., Karen Finkelstein, 137 Tennessee Cir. 28117 6/5/17 Serenity Homes Construction LLC, George F. Allen, 150 Weeping Spring Dr. 28115 6/5/17 Solergy Inc., William Edward Pomnitz III, 124 Claire Ln., Apt. 203 28117 6/6/17 Allbee Investments LLC, James Allbee, 107 Zolder Ln. 28117 6/6/17 Mindful MD Coaching LLC, Assaad Mounzer, 214 Chandeleur Dr. 28117 6/6/17 Temple Sales Properties LLC, Kenneth R. Temple Jr., 115 Marstons Mill Dr. 28117 6/6/17 United Translation Services LLC, Fabrice Raharomanana, 325 S. Broad St. 28115 6/7/17 Barnhardt Poultry Inc., Adam Barnhardt, 2705 Corriher Springs Rd. 28115 6/7/17 CHUSA Empire LLC, Annabelle Leuthardt, 176 Hickory Hill Rd. 28117 6/7/17 GoDive Ventures LLC, Danielle Katsamas, 482 E. River Hwy. 28117 6/7/17 Small Talk & Smiles LLC, Ana W. Wolff, 104 Waters Edge Ct. 28117 6/8/17 Blue Ridge Solutions Enterprises LLC, Harris Green, 120 South Park Dr., Ste. 401 28117 6/8/17 Deep Well Athletics LLC, Justin Fisher, 148 Chertsey Dr. 28115 6/8/17 LKN Blue Parrot Inc., Alida Gjuraj, 169 Pinnacle Ln. 28117 6/8/17 RLD3 Global Marketing LLC, Kenneth S. Gibson, 146 Staff Ln. 28115 6/8/17 Vidas Closet LLC, Stacey Conrad, 155 Portola Valley Dr., Unit D 28117

6/9/17 Beyond Streetwear LLC, Stacey Conrad, 155 Portola Valley Dr., Unit D 28117 6/9/17 JBJS Transport LLC, Rebecca M. Lambert, 116 Regatta Ln. 28115 6/9/17 LK Styles Inc., Lindsay O’Dell, 202 Wellshire St. 28115 6/9/17 Seven Miles Per Second LLC, Stephen Cook, 104 Alameda Cir. 28117 6/12/17 126 Haney Drive Moving LLC, William Downing, 112 Laurel Glen Dr. 28117 6/12/17 126 Haney Drive Storage LLC, William Downing, 112 Laurel Glen Dr. 28117 6/13/17 0 Bearcreek LLC, Mike Johnson, 105 Twiggs Ln. 28117 6/13/17 1021 Allen LLC, Mike Johnson, 105 Twiggs Ln. 28117 6/13/17 105 Twiggs LLC, Mike Johnson, 105 Twiggs Ln. 28117 6/13/17 2790 Cherry LLC, Mike Johnson, 105 Twiggs Ln. 28117 6/13/17 3655 Warp LLC, Mike Johnson, 105 Twiggs Ln. 28117 6/13/17 423 West 8th 77 LLC, Mike Johnson, 105 Twiggs Ln. 28117 6/13/17 Action for Animals Inc., Barbara Bonsignore, 163 Quarter Ln. 28117 6/13/17 DCO Enterprise Inc., Raymond Halstead, 223 Williamson Rd., Ste. 204 28117 6/13/17 Katie Enterprises Inc., Katherine M. Reyes, 185 Longboat Rd. 28117 6/13/17 Kerry L. Musick MD PLLC, Kerry L. Musick, 105 Purple Finch Ln. 28117 6/13/17 Sailview Logistics LLC, Roberto Luciano, 104 Chinook Ln. 28117 6/14/17 Cottage Lifestyle LLC, Richard J. Lutzel, 542 Williamson Rd., Ste. A 28117 6/15/17 ARC Risk Management LLC, Robert K. Cofod, 417 S. Broad St. 28115 6/15/17 Lake Yoga Tribe LLC, Amber Kay Miller, 111 Wildiris Dr. 28117 6/15/17 Magnolia Real Estate Company LLC, Jeremy Comeaux, 120 Wheaton Ln. 28117 6/15/17 Millsboro Solar LLC, Kenny Habul, 192 Raceway Dr. 28117 6/15/17 Montross Solar LLC, Kenny Habul, 192 Raceway Dr. 28117 6/16/17 Charles City Solar LLC, Kenny Habul, 192 Raceway Dr. 28117 6/16/17 Tri Cap Fundamentals LLC, Todd Brower, 228 Wildwood Cove Dr. 28117 6/19/17 Nautley Fishing LLC, Tammy Ricci, 109 Breton Ct. 28117 6/19/17 Rose Tree Care Specialist LLC, Christopher Rose, 113 Laura Rd. 28117 6/20/17 4 Clover Marketing Systems LLC, David Ireland, 103 Hayden Ct. 28117 6/20/17 Jacob Amon LLC, Ginger A. White, 116 South Main St., Ste. 101 28115 6/20/17 Jessica Reed LLC, Jessica Reed, 136 Abbeville Ln. 28117 6/21/17 Binkley Business Associates LLC, Jody Binkley, 326 Colony Dr. 28115

More Mooresville New Corporations online at www.BusinessTodayNC.com


Business Today

Painful

July 2017

19

from page 1

changing fast, with both big commercial projects, as well as residential. “Overall, we’ve done a relatively good job of staving off the steam shovel that has changed the look of so many other communities around here in the last 20 years,” says Rusty Knox, a longtime Davidson Realtor, who is running for mayor this fall. “We’re still grasping at our small-town core that we’ve bragged about all these years, but I see an expeditious freight train of development being unleashed right now and I don’t like it.” Jason Burdette, Davidson’s planning director, acknowledges that the town is facing a number of challenges as it tries to keep pace with the changing times. “Our commitment to our core values and planning principles hasn’t changed, but the market around us has changed, and the pressure around us has changed,” says Burdette. “We’ve tried our best to uphold the values of smart growth in the face of all this pressure, but it’s hard. You want to balance property rights with quality of life; sometimes those align and sometimes they don’t.”

As the Lake Norman region began to experience sprawl and growth, Davidson, adopted zoning ordinances in the late 1990s to help promote connectivity and pedestrian-friendly developments. These ordinances required new buildings to be constructed near streets, additional sidewalks and open spaces, as well as more roadways between the towns. In addition, Davidson enacted a series of moratoriums for the thousands of rural acres within its ETJ (extraterritorial jurisdiction) in order to put the brakes on sprawling development. Last year, Davidson approved its new Rural Area Plan, which encompasses nearly 4,000 acres between its corporate limits and the Iredell and Cabarrus County lines. Burdette says the plan, which incorporated community feedback over an 18-month period, provides the blueprint for Davidson development over the next 30 years, with an emphasis on pedestrian-friendly, mixed-use nodes, improved street connections, and open space.

Within the Rural Area Plan are new projects like the 170-acre West Branch development on DavidsonConcord Road, which Burdette says is likely to have the most immediate impact on the population. The project calls for 136 residential units, along with a future commercial component at the intersection of Davidson-Concord Road and Robert Walker Drive. Burdette says the town is ensuring that new developments like West Branch have greenway connections, ample open space, parks, expansive sidewalks, and compact retail components. “Those charming downtown characteristics shouldn’t be reserved solely for historic downtown Davidson. We’re doing our best to replicate that feeling elsewhere.” Another notable project is Luminous, situated on a 19-acre tract of land along Beaty Street. The controversial project has gone through multiple revisions, most of which call for a mixed-use development with a park, shops, restaurants, a hotel, and a variety of residential units. The

Davidson Board of Commissioners is working with Davidson Development Partners on this project, which is tentatively scheduled to present a third plan for Luminous during a July 11 meeting. With the rate at which people continue to move to the area, Davidson officials predict the town’s population will double in 20 years. It’s a trend that Knox hopes to slow down if elected mayor by restricting residential growth and focusing more on commercial development. “More residential just means more cars and gridlock,” he says. “I’m not anti-growth, but I think the pace at which we’re growing right now is alarming.” “It’s easy for people to say things like we should stop all development,” counters Burdette. “But we live in a practical reality where we have to balance property rights with the interest of citizens. The town is a steward of the planning ordinance, which is reflective of the community’s input over many years. We’ve created this pretty fantastic place and we don’t want to jeopardize that.”


Business Today

20 July 2017

Vermillion

from page 1

Kathleen Rose, president of Davidson-based planning firm Rose & Associates, recently completed a study of the issues and trends impacting U.S. commercial and residential real estate. “One of the top issues which developers must address is the ability of malls and downtowns adapting to nationwide store closures with new kinds of experience-driven offerings and the reinvention of the grocery stores which have anchored many shopping centers.”

Vermillion Village fits right in to that need with a proposed 78,000-squarefoot supermarket as an anchor and 18,000 square feet of retail space in addition to 400 residential units. Timing is also a major factor, and the post-recession availability of capital certainly helps. A short distance south of the Vermillion Village property lies Bryton Town Development, a 450-acre mixed-use project anchored by Walmart. Bryton is growing, albeit at a slower pace than originally envi-

sioned. As much as timing helps Vermillion, it hurt Bryton. Bryton was approved just before the recession and that had a significant impact on the speed of development,” said Huntersville Planning Director Jack Simoneau. The lack of commuter rail line also didn’t help.” “If commuter rail served this area, it’s reasonable to assume development within Bryton would have occurred at a faster pace. Also, it’s likely the intensity or units per acre in Bryton would be higher if rail service was available,” Simoneau said. Another factor that plays to Huntersville’s favor is its location. That benefits most retail, including Birkdale Village. Huntersville, of the four lake towns, given its proximity to Charlotte, is less impacted by the current congestion on I-77. Then, too, improvements to I-77 will be done before this project is completed. National companies have leased a significant amount of space at Birkdale Village, and that trend is expected to continue. However, not all succeed. With much fanfare, Colorado-based Smoke Modern Barbeque opened an eatery in Birkdale two

years ago. It closed suddenly three weeks ago. Their location may have had something to do with that. The restaurant was not in the cluster of successful eateries near the village square, but rather near the Sam Furr Road entrance. Their closing appears to be the exception rather than the rule. National companies generally find the disposable income and demographics of Lake Norman appealing. The developers estimate it will take three to five years to develop the Vermillion Village project. The retail portion, including the grocery store, will be developed first. The identity of the supermarket is a closely guarded secret, and it may also include a fueling station. While the major supermarkets in Huntersville, including Publix, Harris Teeter and Whole Foods, are not far away, most are all on the west side of I-77. To address concerns about traffic, the developers have agreed to invest a minimum of $250,000 for road improvements such as widening Huntersville-Concord Road and adding more connections to local streets.

The Vermillion project has a large supermarket


Business Today

July 2017

21

Hot Properties

Charlotte luxury home prices increase gently

Q

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

A

A lakefront house at 16520 Belle Isle Drive in Cornelius sold for $1.42 million. The selling agent was Sandy Reynolds with ReMax. The land underneath sold for $196,000 in 1996

Resale home prices continue to soar across the country, with ​cities like Seattle, Portland​, Dallas ​and Denver reporting huge year over year gains​. Seattle had a 12.9​percent​year-over-year price increase, followed by Portland with 9.3​ percent​, and Dallas​ ​with​ ​an​ ​ 8.4​percent i​ncrease​and Denver coming in at 8.2 percent. ​Charlotte came in at a more reasonable, non-spikey 6.1 percent, more in keeping with the region’s history of slower, steadier increases and fewer declines. The data measures price increases in the 12 months ending in April of this year vs. the 12 months that ended in March. Seven​c​ ities​​out of 20 that are measured reported​ ​greater​​ price​ ​increases in​ ​the​ ​year​ ​ending​ ​April 2017 v​s.​ the year ending March 2017.​The rate of increase—monumental by most accounts—appears to be slowing. That’s not a bad thing.​“Moderate steady growth create​s​a more stable and predictable market. While double-digit increases may seem positive for the short term, continued modest growth is far more sustainable for the long-term​,” said Lance Carlyle, of Cornelius-based Carlyle Properties. Generally speaking, housing prices in the higher tiers are more stable than those in the lower tiers where prices can be volatile. Luxury prices beat to a somewhat different drummer. I​n Charlotte and the Golden Crescent, there’s nothing too crazy, virtually no $30 million, $20 million or $10 million homes. In fact, $5 million is quite a stretch. Luxury home prices rose 4.2 percent in the first quarter of 2017 compared to last year, to an average of

A lakefront home down Jetton Road has sold for $1.45 million after being listed at $1.5 million by Dixie Dean of Allen Tate. The house at 15729 Jetton was on the market 49 days

$1.65 million, according to​Redfin​ tinue rising faster than inflation, could which​tracks home sales across the this be a bubble​that’s ready to pop? ​Dav​id M. Blitzer​, m​anaging ​d​irector country​. It​defines a home as luxury if it is among the top 5 percent most and ​c​hair​​of the Index Committee at expensive homes sold in the city in S&P Dow Jones Indices​, said demand is simply exceeding supply and financeach quarter. Prices in the bottom 95 percent of ing is available​. “There is nothing right now to keep the market outperformed the luxury market for the ninth consecutive quar- prices from going up. The increase in ter. The average price for non-luxury real, or inflation-adjusted, home prices homes was $307,000, up 7 percent in the last three years shows that demand is rising. At the same time, the compared to a year earlier. While the number of homes for sale supply of homes has barely kept pace remains stubbornly low in many cities with demand and the inventory of new around the country, luxury buyers had or existing homes for sale shrunk to more to choose from. The supply of only a four-month supply​,” he said. Mortgage rates remain close to 4​ homes for sale priced at or above $1 million ticked up 1 percent in the first percent​and affordability is not a sigquarter, compared to a year earlier, nificant issue. The average gain across all 20 cities while the number of homes priced at or above $5 million jumped 15 percent, was 5.7 percent in April, down from 5.9 percent in March. according to Redfin. “The luxury market has seen sustained growth for the last few years, specifically waterfront properties. This growth has been at a reasonable level with no indication of slowing,” Carlyle said.​ As home prices con- Sources: S&P Dow Jones Indices and CoreLogic Data through April 2017.

Home prices on the rise

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

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

704-348-2866 www.mastertitleagency.com


Business Today

22 July 2017

Guest Opinion

The road well traveled… BY BILL RUSSELL Recently, while reading a book about President John Kennedy, I was reminded that Robert Frost was the first poet to speak at a presidential inauguration. Frost was 87 years old when he stood at the podium in Washington​ , D.C​ .​on that blistering cold day in 1961. The brightness of the overhead sun made it impossible for him to read a poem he had written for the inauguration entitled “Dedication.” So instead, he recited another poem from memory entitled, “The Gift Outright.” I have always been a Robert Frost fan. He was a master of choosing words that could create sharp images in the mind, yet leave interpretation open to many different perspectives. Take Frost’s poem, “​​The Road Not Taken,​”​for example...... “Two roads diverged in a wood, and I - I took the one less traveled by. And that has made all Lake Norman Business and Community leaders on a trip to Raleigh in June 2015 the difference.” These few words could speak to the individualist in mankind. expert, also joined us by phone to for the toll roads was awareness of the In actuality however, the poem liter- stress the damage this transporta- number of parents and students drivally points out the futility that in the tion debacle will have on the truck- ing to and from charter and private ing industry in the Charlotte corridor. schools in the Lake Norman region, end, the choice didn’t matter. Recently, a delegation from Lake Most of our conversation focused on including 1,600 students at Pine Lake Norman left the chamber for yet anoth- how the millions of dollars of poten- Prep, 1,597 students at Lake Norman er trip, in what seems like an endless tial penalty for the toll road contract Charter School, and 1,300 students at round of similar journeys, to Raleigh cancellation paled in comparison to the Community School of Davidson to lobby against the I-77 toll roads. We the billions of dollars of lost economic alone! While paying to drive in the toll viability for our region and lanes might improve travel time to the were once again meetQueen City, that luxury comes at the North Carolina. ing with representatives expense of tens of thousands of resiWe made Gov​ . ​ Cooper’s in the Governor’s office staff aware that no pre- dents from Huntersville to Mooresabout the negative imvious consideration had ville. pact of toll roads in the Frost once said, “In three words I been given to the economLake Norman region. It ic consequences of these can sum up everything I’ve learned was two years ago that toll lanes. There was no about life: it goes on.” And so shall the Lake Norman Chameconomic development we in our efforts to fight this tragedy ber Board of Directors study, no thought to the for our region. We will go on. We will passed a resolution of continue to make the trips to Raleigh, impact to our real estate, opposition to the Cinhospitality and retail mar- week after week, member after memtra Contract. Since that kets, and no consideration ber, because it does matter. It matters time, I have literally lost BILL RUSSELL regarding the lost revenue because it impacts our families, our track now how many that our businesses are businesses, and our communities. It times we have driven to Raleigh to meet with the Governor’s already starting to see. We reminded matters because we have a responsiOffice, our Legislature, and NCDOT those in Raleigh with the ability to bility to leave our communities better make changes to this contract that than we found it. We will not rest, we regarding this issue. So there we were again. Mecklen- although increased road capacity was will not quit, and we will not settle beburg County Commissioners Pat Co- typically good for economic develop- cause the consequences are too great. And in the end, that will make “all tham and Jim Puckett, former Cham- ment, this was not the case in Lake ber Board Chair John Hettwer, and Norman due to the guarantee of the the difference.” — Bill Russell​is p​resident of the myself meeting with Gov​ .​Cooper’s even greater congestion the I-77 toll Lake Norman Chamber of Commerce General Counselor and Senior Policy road plans will create. Also missing in the planning process Advisor. Wallace Everett, a logistics

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


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Business Today - July 2017  

The July 2017 issue of Business Today

Business Today - July 2017  

The July 2017 issue of Business Today

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