Triangle Business Journal
Chapel Hill firm with $378M AUM isn't scared to make big bets in pandemic
by Lauren Ohnesorge on October 26, 2020 at 4:30 pm
“Remember, we’re not investing for 2021,” Bohlen said. “When we are investing in 2021, we’re investing in 2029 and 2030 ..."
TBJ Plus: Architects see silver lining in pandemic; Golfing at DBAP?; Delta bans hundreds of anti-maskers
by Cameron Snipes on October 26, 2020 at 4:08 pm
FAVORABLE TREND: Here’s a bit of silver lining though all the downbeat Covid-19 news. A slight improvement in business conditions has led to fewer architecture firms reporting declining billings, according to a new report from the American Institute of Architects (AIA). AIA’s Architectural Billings Index (ABI) score for September was 47 compared to 40 in August (any score below 50 indicates a decline in firm billings), according to the release. Last month’s score indicates overall revenue…
Why this national real estate firm is making a $500M bet on Charlotte
by Ashley Fahey on October 26, 2020 at 3:03 pm
Amid the uncertainty that's served as the theme of this year, a national commercial real estate firm feels good about its big bet on the Queen City.
Bayer to buy AskBio in deal worth up to $4 billion
by David Purtell on October 26, 2020 at 12:55 pm
A global pharmaceutical company is buying a Triangle gene therapy outfit in a deal that could reach as high as $4 billion. Bayer AG announced early Monday that it is acquiring RTP-based Asklepios BioPharmaceutical (AskBio) as the German company looks to grow its gene therapy platform. Bayer will pay $2 billion upfront with the potential for another $2 billion in milestone payments. "AskBio will continue to operate as an independent company on an arm’s-length basis," according to a press release…
More clues emerge on who purchased 100-plus acres near NC casino site
by Collin Huguley on October 26, 2020 at 12:18 pm
The picture of who is buying up land around a casino project in Kings Mountain is becoming clearer.
How much you need to earn to live comfortably in Raleigh and other major cities (Slideshow)
by Ashley Portero on October 26, 2020 at 12:08 pm
The residents of 14 U.S. cities must earn at least $100,000 a year to comfortably rent or own a home in their area, according to an analysis from GoBankingRates.com. The website used housing information from Zillow and price estimates of necessities like transportation and groceries from Sperling's Best Places to determine how much a person needs to earn to live in the country's 50 largest metros, including Raleigh and Charlotte. The analysis used that information to determine the income necessary…
How NC State aims to remove plastic from oceans – by using plastic
by Seth Thomas Gulledge on October 26, 2020 at 11:49 am
Microplastic pollution has become a serious ecological challenge. And Researchers at N.C. State think the microplastics themselves might be the key to the cleanup. Researchers at the university were recently awarded a $2 million, four-year grant from the National Science Foundation’s Emerging Frontiers in Research and Innovation program to create a system to clean up microplastics in the oceans. "The removal of the [microplastics] that pervade the Earth's oceans and waterways, and their conversion…
Raleigh developer plots new apartments across from NC State campus
by Caleb Harshberger on October 26, 2020 at 11:25 am
A new apartment complex is in the works on the edge of the N.C. State campus in Raleigh with plans calling for dozens of units.
From NC State to Fortune 500 deal: A Durham startup's path to success
by Lauren Ohnesorge on October 25, 2020 at 11:19 pm
Bright Wolf, which has never raised outside capital, has all the trappings of a true Triangle entrepreneurship story.
Ohio firm, former Raleigh exec charged in bid rigging scheme linked to NCDOT
by Lauren Ohnesorge on October 23, 2020 at 9:12 pm
An Ohio company and its former executive in Raleigh have been charged in what the feds are describing as “long-standing conspiracies to rig bids and defraud” the North Carolina Department of Transportation. Contech Engineering Solutions and Brent Brewbaker have been charged in a six-count federal indictment, one that accuses them of conspiring to rig bids for aluminum structure projects funded by the United States and NCDOT over nearly a decade. In the indictment, handed down Oct. 21, a grand…