Charlotte Business News
BUSINESS NEWS
Wells Fargo Unveils New Signage in Charlotte
News Summary Wells Fargo has marked a significant milestone by installing 14-foot letters on its tower in Charlotte. The installation, which utilized helicopters, enhances the city’s skyline and reinforces Wells...
Trimont Expands Office Space in Uptown Charlotte
News Summary Trimont, a leading commercial mortgage servicer, has signed a significant office lease at One South Tower in Uptown Charlotte. The new 67,935 square foot space will accommodate around...
American Airlines Launches New Nonstop Flight from Athens to Charlotte
News Summary American Airlines is expanding its transatlantic services by introducing a daily nonstop flight from Athens International Airport to Charlotte Douglas International Airport, effective June 5, 2025. This new...
Coinbase Expands Office Presence in Charlotte
News Summary Coinbase has signed a lease for 58,600 square feet at the 110 East office tower in Charlotte, marking a significant expansion. The move focuses on compliance and customer...
Ascent Housing Acquires Woodford Estates for $30.2 Million
News Summary Ascent Housing has completed the acquisition of Woodford Estates, a 228-unit multifamily community in Charlotte, for $30.2 million. This significant investment translates to about $141,228 per unit. The...
Charlotte Unveils The Pearl: A New Medical Innovation District
News Summary Charlotte has inaugurated The Pearl, a groundbreaking medical innovation district aimed at enhancing health education and creating thousands of jobs. This project, a collaboration between Atrium Health and...
Seven Charlotte Area Companies Make Fortune 500 List
News Summary The 2025 Fortune 500 list includes seven companies from the Charlotte area, down from eight last year. Bank of America leads North Carolina at 17th place, while Lowe’s...
Local Resistance Grows Against Proposed Business Park in Cornelius
News Summary Plans to establish the Cornelius Business Park are being met with significant opposition from local residents, mainly due to concerns over increased traffic and community impact. The proposed...
PSA Airlines Relocates Headquarters to Charlotte, NC
News Summary PSA Airlines, a regional carrier of American Airlines, will move its headquarters from Dayton, Ohio, to Charlotte, North Carolina by January 2026. The strategic relocation to Water Ridge...
Finance
Wells Fargo Unveils New Signage in Charlotte
News Summary Wells Fargo has marked a significant milestone by installing 14-foot letters on its tower in Charlotte. The installation, which utilized helicopters, enhances the city’s skyline and reinforces Wells...
Trimont Expands Office Space in Uptown Charlotte
News Summary Trimont, a leading commercial mortgage servicer, has signed a significant office lease at One South Tower in Uptown Charlotte. The new 67,935 square foot space will accommodate around...
Coinbase Expands Office Presence in Charlotte
News Summary Coinbase has signed a lease for 58,600 square feet at the 110 East office tower in Charlotte, marking a significant expansion. The move focuses on compliance and customer...
Ascent Housing Acquires Woodford Estates for $30.2 Million
News Summary Ascent Housing has completed the acquisition of Woodford Estates, a 228-unit multifamily community in Charlotte, for $30.2 million. This significant investment translates to about $141,228 per unit. The...
Seven Charlotte Area Companies Make Fortune 500 List
News Summary The 2025 Fortune 500 list includes seven companies from the Charlotte area, down from eight last year. Bank of America leads North Carolina at 17th place, while Lowe’s...
Daimler Truck Financial Services USA Establishes Headquarters in Charlotte
News Summary Daimler Truck Financial Services USA has chosen Charlotte, North Carolina, as its new headquarters, creating 276 jobs and investing over $7.8 million. The decision, endorsed by Governor Josh...
Brighthouse Financial Reports Significant First Quarter Loss
News Summary Brighthouse Financial Inc. faced a $268 million loss in the first quarter, significantly underperforming Wall Street expectations. This translated to a $5.04 loss per share, raising concerns among...
Enpro Inc. Reports Strong Q1 Financial Results
News Summary Enpro Inc. has released impressive financial results for the first quarter of 2025, showing a net income of $24.5 million and adjusted earnings of $1.90 per share. The...
Coca-Cola Consolidated Reports Strong Q1 2025 Results
News Summary Coca-Cola Consolidated, Inc. from Charlotte, NC, announced its Q1 2025 financial results with a net income of $103.6 million and earnings per share at $11.87. The company’s total...
CONSTRUCTION
Wells Fargo Unveils New Signage in Charlotte
News Summary Wells Fargo has marked a significant milestone by installing 14-foot letters on its tower in Charlotte. The installation, which utilized helicopters, enhances the city’s skyline and reinforces Wells...
Coinbase Expands Office Presence in Charlotte
News Summary Coinbase has signed a lease for 58,600 square feet at the 110 East office tower in Charlotte, marking a significant expansion. The move focuses on compliance and customer...
Local Resistance Grows Against Proposed Business Park in Cornelius
News Summary Plans to establish the Cornelius Business Park are being met with significant opposition from local residents, mainly due to concerns over increased traffic and community impact. The proposed...
Charlotte’s Real Estate Boom: The Mill Project Secures $48 Million
News Summary Charlotte, North Carolina experiences a significant boost in its real estate sector as Capital City Real Estate and Pennington Real Estate Partners secure $48 million for ‘The Mill’,...
Charlotte Sees Decline in Rent Prices Amid New Apartment Boom
News Summary Charlotte has experienced a decline in rent prices as new apartments become available, according to the Zumper Charlotte Metro Area Report. The median rent for a one-bedroom apartment...
Cornelius Planning Board Approves 36-Acre Business Park
News Summary The Cornelius Planning Board has approved a developer’s plan for a 36-acre business park on Bailey Road, despite resident concerns regarding traffic congestion. The project, aimed at creating...
Charlotte’s Office Market Shows Signs of Recovery
News Summary Charlotte, North Carolina’s office market is recovering as hiring in key sectors boosts demand for office space. In Q1 2025, the net absorption reached 428,289 square feet, supported...
Walmart to Remodel 41 Stores in North Carolina by 2025
News Summary Walmart is set to remodel 41 stores across North Carolina in 2025, investing approximately $682 million over five years. The upgrades will enhance shopping experiences by incorporating improved...
Spring Enhancements for Outdoor Living in Charlotte
News Summary As spring arrives, Archadeck Charlotte is encouraging homeowners to enhance their outdoor spaces with expert design services. With the favorable weather, now is the perfect time to consider...
Marketing
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Real Estate
Trimont Expands Office Space in Uptown Charlotte
News Summary Trimont, a leading commercial mortgage servicer, has signed a significant office lease at One South Tower in Uptown Charlotte. The new 67,935 square foot space will accommodate around...
Coinbase Expands Office Presence in Charlotte
News Summary Coinbase has signed a lease for 58,600 square feet at the 110 East office tower in Charlotte, marking a significant expansion. The move focuses on compliance and customer...
Ascent Housing Acquires Woodford Estates for $30.2 Million
News Summary Ascent Housing has completed the acquisition of Woodford Estates, a 228-unit multifamily community in Charlotte, for $30.2 million. This significant investment translates to about $141,228 per unit. The...
Local Resistance Grows Against Proposed Business Park in Cornelius
News Summary Plans to establish the Cornelius Business Park are being met with significant opposition from local residents, mainly due to concerns over increased traffic and community impact. The proposed...
Charlotte’s Real Estate Boom: The Mill Project Secures $48 Million
News Summary Charlotte, North Carolina experiences a significant boost in its real estate sector as Capital City Real Estate and Pennington Real Estate Partners secure $48 million for ‘The Mill’,...
Charlotte Golf Scene Faces Criticism Amid Heavy Rains
News Summary Charlotte, N.C. is currently receiving criticism in the golf community despite its thriving public golf scene. While heavy rains have affected notable courses like Quail Hollow, the city...
Charlotte Sees Decline in Rent Prices Amid New Apartment Boom
News Summary Charlotte has experienced a decline in rent prices as new apartments become available, according to the Zumper Charlotte Metro Area Report. The median rent for a one-bedroom apartment...
Cornelius Planning Board Approves 36-Acre Business Park
News Summary The Cornelius Planning Board has approved a developer’s plan for a 36-acre business park on Bailey Road, despite resident concerns regarding traffic congestion. The project, aimed at creating...
Longtime Dairy Queen in Charlotte Sold for $1.1 Million
News Summary The Dairy Queen on Wilkinson Boulevard in Charlotte, North Carolina has been sold for $1.1 million to Khan & Singh Property Management LLC. This beloved establishment has been...
