On Wednesday, Bank of America confirmed that it plans to sell the 47-story Hearst Tower in uptown Charlotte and lease back the space it uses in that building.
Charlotte-based Bank of America will also sell the 30-story Fifth Third Center and lease back space it uses there.
A third building in New York, 222 S. Broadway will also be sold. That structure is a former Merrill Lynch property.
The Hearst Tower, completed in 2002, has 970,000 square feet of space and is Charlotte's third-largest building.
The Fifth Third Center, completed in 1997, has more than 666,000 square feet and is the city's ninth-largest tower.
A BofA trading floor in the Hearst Tower is one of the largest in North America at three stories tall. For several years it buzzed with activity at BofA built a large capital markets presence in Charlotte. However, many of those jobs have shifted to Manhattan in recent years as BofA combined operations with Merrill Lynch.
According to Reis Inc., New York-based real estate research firm, occupancies at U.S. shopping centers grew during the fourth quarter.
The firm noted this past Monday that U.S. shopping centers filled up an additional 3.18 million square feet, the most since 2007.
This includes neighborhood and community shopping centers usually anchored by grocery stores, drugstores or discount retailers.
Similar increases are expected to hit the Raleigh-Durham retail market when occupancy and absorption figures are released at the end of the month in Space, the Triangle Business Journal's commercial real estate quarterly.
U.S. employers added 300,000 workers in November and December, pushing the unemployment rate down to 8.5%, the lowest since February 2009, according to the Labor Department.
Discount retailer Dollar General Corp. said Tuesday that it would add 625 stores and 6,500 new jobs nationwide in 2012.
Dollar General Corp. said that the new stores would be in the 38 states, including Maryland, that it already has stores in, as well as two new states, California and Massachusetts. There will be remodeling done at 550 more of the chain's 9,800 locations.
Dollar General says it will have created more than 21,000 new jobs since 2009, including the jobs set for this year.
The discount retailer sells a third of its merchandise for a buck or less.
It’s known for its strong selection of private-label products in addition to well-known brands of those that shoppers frequently use and replenish, such as food, snacks, health and beauty aids, cleaning supplies, basic clothing, housewares and seasonal items.
The new year could mean a fresh start when it comes to North Carolina's economy. An expert says things are looking pretty good thanks to a strong November.
The economic pinch has been harder here than in most states. Job creation in North Carolina has lagged behind the rest of nation.
There's new signs North Carolina's painfully slow economic recovery may finally be heating up. NC state Economics Professor Mike Walden made a bold prediction.
"I'm predicting we'll see 40,000 to 50,000 jobs created in North Carolina in 2012," said Walden. "Compared to the 20,000 created in 2011."
It's a forecast for an economic turnaround. Walden's latest index of economic indicators is encouraging. Jobless claims are down across the state. North Carolinians are working slightly more hours and earning slightly more money. It adds up to 1.9% jump, which marks two straight months of growth. The state's economy is still down for the year, but Walden thinks the turnaround will stick.
The state's unemployment rate stands at 10%, which is above the national average. Walden predicts it will drop below 9% this year.
'Twas the night before Christmas, when all through the house Not a creature was stirring, not even a mouse. The stockings were hung by the chimney with care, In hopes that St Nicholas soon would be there.
The children were nestled all snug in their beds, While visions of sugar-plums danced in their heads. And mamma in her ‘kerchief, and I in my cap, Had just settled our brains for a long winter’s nap.
When out on the lawn there arose such a clatter, I sprang from the bed to see what was the matter. Away to the window I flew like a flash, Tore open the shutters and threw up the sash.
The moon on the breast of the new-fallen snow Gave the lustre of mid-day to objects below. When, what to my wondering eyes should appear, But a miniature sleigh, and eight tinny reindeer.
With a little old driver, so lively and quick, I knew in a moment it must be St Nick.
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