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Announcements & News

Bridging The C-suite Gap – Deadline Extended To May 31st

Many have expressed an interest in the Executive Mentoring Program but have not had the chance to complete an application. Therefore, we have extended the deadline to May 31st to give more women the opportunity to apply for the 2013-14 class of Bridging the C-Suite Gap Executive Mentoring Program mentees. Please take advantage of this extension to submit an application today for a program which can help advance your career and leadership skills.

For more information or to apply, please click here.

Please fee free to contact Bobbi Jo Lazarus, chair of the Leadership Development Committee, if you have any questions or would like assistance with your application.

Elliott Davis To Open Raleigh Office Through Combination With Lunsford & Strickland

The shareholders of Elliott Davis, LLC/PLLC and Lunsford & Strickland, P.A. are pleased to announce they have voted to combine their firms effective July 1, 2013.

The combination will establish a Raleigh office for Elliott Davis, one of the largest accounting, tax and consulting services firms in the Southeast.

“We have served Triangle-based clients for years; therefore, Raleigh is a strategic opportunity and prime location for us,” said Elliott Davis Managing Shareholder Rick Davis. “By joining forces with Lunsford & Strickland, Elliott Davis will add top caliber talent who will help us seed and grow an even more significant local presence in the near term.”

Click here to read the full press release.

Crew Network Foundation Scholarship Deadline Is Fast Approaching

The CREW Network Foundation Scholarship deadline is April 26th. This is a fantastic opportunity for a young women in college pursuing a career in any field of commercial real estate (legal, development, brokerage, finance, architecture, interior design, engineering, construction, etc.). Scholarships are a minimum of $5,000.  Please take a moment to think of someone who would benefit from it!  

For more information, please visit  https://www.crewnetwork.org/CZ_scholarships.aspx?id=257.

 
For additional assistance please contact Patty Drummond.

Six Crew Charlotte Members Named As Mecklenburg Times 50 Most Influential Women

CREW’s Leadership Development Committee supports its outstanding members through nomination in the  region’s premier industry awards.  This year CREW is pleased to announce that 6 CREW members have been named as The Mecklenburg Times 50 Most Influential Women.   The Mecklenburg Times is a gold sponsor of CREW and we appreciate the opportunity to partner with them on this event. A  black tie celebration will take place to honor this year’s recipients on Friday May 31st. 
 
You can find more information on the event at www.mecktimes.com  

Our CREW member winners are:

Liz Etheredge, Mecklenburg Paint Company
Lisa Fry, Cassidy Turley
Kati HynesThe Charlotte Chamber of Commerce
Marie McLucas, Primax Properties
Cheryl Steele, Horack Talley
Cindy Wolfe, Bank of the Ozarks

Four New Tenants Moving To Harris Corners

Four new tenants will be moving to Harris Corners Corporate Park this spring, and two existing tenants have renewed their leases.

The new leases and renewals total 74,180 square feet, according to New Boston Fund Inc., the real estate investment firm that purchased the three-building park in 2011. The multi-year leases bring the occupancy rate at Harris Corners to 90%.
To read the complete article, please click here.

Crew Charlotte Member Daniel Merlin Named To Rising Stars List

Greg Ahlum, Jim Allison, Bob Burchette, David Carson, Ray Farris, Patrick Kelly, David Lewis, John Morrice, Gary Welch, Marty White and Mike Wilson of Johnston Allison & Hord were selected as 2013 Super Lawyers by Super Lawyers magazine. Jon Coffin, Ryan Hoffman, William Isenhour, Trey Lindley, Daniel Merlin, Holly Norvell and Kerry Traynum were named North Carolina 2013 Rising Stars.

Read more here:http://www.charlotteobserver.com/2013/03/02/3890463/career-almanac.html##storylink=cpy

An Even Bigger 2013

Last year, Charlotte office and industrial saw steady absorption and investment. The momentum is still there, according to Cushman & Wakefield Thalhimer specialists, as long as the wheels don't fall off the economy again. (For the 224th straight year, there was no coup d'etat during a State of the Union, so we're off to a good start.)

 
To read the full article, please click here

A 92 Year-old Solution For Real Estate Investors Facing Higher Taxes In 2013

The familiar adage, “It’s not how much you make, but how much you keep” rings truer than ever for real estate investors in 2013. Not only have capital gain taxes increased significantly for high earners, but many investors below the top tax bracket face an additional 3.8% surtax on passive investment income like capital gains. Fortunately, IRC Section 1031, a provision which has been in the tax code since 1921, provides critically needed tax relief.

Under the American Taxpayer Relief Act of 2012, the top capital gain tax rate has been permanently increased to 20% (up from 15%) for single filers with incomes above $400,000 and married couples filing jointly with incomes
exceeding $450,000. In addition, the new IRC Section 1411 3.8% Medicare surtax on net investment income, which includes capital gains, results in an overall rate for higher-income taxpayers of 23.8% — a staggering 58% increase
from 2012 tax rates!

 
To read the complete article, please click here.

Belk, Inc. Gives $5 Million To Belk College At Unc Charlotte

Feb. 12, 2013 – Belk, Inc. and the University of North Carolina at Charlotte today announced that Belk, Inc. will donate $5 million to the university’s Belk College of Business. This gift is the largest in the history of the Belk College, which was named in honor of the Belk family and organization in 1990.

The announcement was made at UNC Charlotte’s Center City campus at a luncheon attended by university officials and more than 100 business and community leaders.

“UNC Charlotte and the Belk College of Business have long benefited from the generosity and dedicated personal involvement of the Belk family and executives at Belk, Inc.,” said UNC Charlotte Chancellor Philip L. Dubois. “This gift not only reinforces that very special relationship, but marks a new era in corporate-university partnerships for the college and the university.”

Components of the gift include:
• Endowed Professorship in Business Innovation
Building on a growing focus on innovation in business as well as Belk’s specific emphasis on this area, this faculty position will add expertise in the research and teaching of innovation – ideas and processes that add value to business, customers and society. In addition to creating curriculum and teaching courses on innovation, the professor will teach alongside Belk, Inc. associates and will serve as a liaison to the company for programs that support innovation. Matching funds from the State of North Carolina will provide an additional $500,000 to this endowment.
• Endowed Chair in Marketing Analytics
This faculty position will play a key role in development of the Data Science and Business Analytics (DSBA) initiative being championed by UNC Charlotte, providing research and teaching expertise in the growing fields of customer analytics and customer relationship management. This professor will also help develop a learn-work-hire program for Belk College students to prepare participants for direct entry into the retail industry. Matching funds from the State of North Carolina will provide an additional $667,000 to this endowed faculty fund.
• Belk Scholars Program
This program will identify undergraduate business students with high potential and groom them for careers in analytics and business innovation. Scholars will participate in a fast-track program that leads directly to a graduate program, with students encouraged to pursue the proposed Professional Science Masters (PSM) in Data Science and Business Analytics currently under development at UNC Charlotte.
• Faculty Research and Teaching Grants
These funds will support research and curriculum development by Belk College faculty in the areas of marketing analytics, customer analytics, customer relationship management and strategic innovation. Some research projects and educational offerings will be developed in partnership with Belk, Inc.

“This is a transformational gift for the Belk College,” said Steven H. Ott, dean of the college. “With the support of Belk, Inc. we can build on our strong reputation of collaboration with the business community by moving into new areas of growth and opportunity. We want to be seen by Charlotte’s business community as the region’s school of choice for business education, and to be recognized as a preeminent public urban research business school.”

The UNC Charlotte gift comes as Belk, Inc. prepares to celebrate its 125th anniversary this spring. “As we celebrate our 125th year in 2013, we are honoring our heritage while celebrating the future. This gift symbolizes both values,” explained Chairman and CEO Tim Belk. “This contribution honors our decades-long support of education, while it provides the foundation of future growth for the University’s Belk College of Business.”

Ties between the company and UNC Charlotte’s college of business run deep. The college was named in honor of the Belk family and organization in 1990, in recognition of their long-standing personal and philanthropic contributions. The late Thomas M. Belk, a UNC Charlotte trustee, was the first chair of the college’s Business Advisory Council in the 1980s, a position later held by his son, current Belk Inc. President and Chief Operating Officer John R. Belk, in the early 2000s. The late John M. Belk, then Chairman of the company, contributed $1.5 million to the college in 2003 to support expansion of international programs. Most recently, The Belk Foundation provided a $250,000 grant for the Belk College to launch the Student Center for Professional Development this year, a comprehensive career resource center for undergraduate business students.

“We’re grateful to Belk, Inc., for believing in the Belk College’s aspiration to be at the forefront of business education in the 21st century,” said Chancellor Dubois. “We hope this gift – and the resulting partnerships between the college and the company – will serve as a catalyst for other companies to strengthen their involvement with the university and mobilize our vast intellectual resources.”

About Belk, Inc.:
Charlotte, N.C.-based Belk, Inc. (www.belk.com) is the nation's largest family owned and operated department store company with 301 Belk stores located in 16 Southern states. The company was founded in 1888 by William Henry Belk in Monroe, N.C., and is in the third generation of Belk family leadership. Its belk.com website offers a wide assortment of fashion apparel, shoes and accessories for the entire family along with top name cosmetics, a wedding registry and a large selection of quality merchandise for the home. To connect with Belk via Facebook, Pinterest, Twitter, YouTube, blog, mobile phone text messages or by email, go to: Belk Get Connected.

About the Belk College of Business:
Accredited by AACSB International, the Belk College of Business at UNC Charlotte offers outstanding business education programs at the undergraduate, graduate and doctoral levels, including a nationally-ranked part-time MBA program based at UNC Charlotte Center City. The Belk College is committed to building strong partnerships in the Greater Charlotte region and beyond as a vital part of our mission as North Carolina’s urban research business school. Visit belkcollege.uncc.edu orwww.facebook.com/BelkCollegeOfBusiness.

Media contacts:
Belk, Inc: Jessica Graham, 704-426-8333, 704-668-5342 (cell);jessica_graham@belk.com
Belk College: Sasha Trosch, 704-687-7601, 704-517-8730 (cell);sasha.trosch@uncc.edu
UNC Charlotte: Buffie Stephens, 704-687-5830, 980-355-3110 (cell),buffiestephens@uncc.edu

Trinity Partners Announces Jeld-wen Lease In Downtown Charlotte’s Ally Center

January 29, 2013 – Trinity Partners is pleased to announce Jeld-Wen Windows and Doors has leased 23,187 SF in Ally Center in Downtown Charlotte’s Third Ward. Trinity Partners’ Leah Bailey, SIOR, and John Ball represented the landlords, Trinity Capital Advisors and Principal Real Estate Investors.

"We are thrilled Jeld-Wen chose our building," noted Bailey. "This is such an exciting time for Ally Center and downtown Charlotte. Romare Bearden Park’s spring opening and the construction of new apartments and the baseball stadium is creating remarkable energy around Ally Center and Third Ward."

Trinity Partners’ Project Manager, Margaret Markovich, and Director of Construction Services, Randy Gonyea, have been hired by ownership to upfit Jeld-Wen’s first-generation space. The company plans to move into the fourth floor of the building in March of this year.

Brian Brtalik of Cushman Wakefield | Thalhimer represented Jeld-Wen in the transaction.

Jeld-Wen is one of the world’s leading manufacturers of reliable windows and doors. Jeld-Wen began operations in 1960 and today has approximately 20,000 employees across more than 100 locations in the Americas, Europe, Asia and Australia. The company’s extensive product offering encompasses windows, exterior doors, interior doors and related building products that are sold globally through multiple distribution channels, including retail home centers, wholesale distributors and building products dealers. Jeld-Wen has been an ENERGY STAR Partner since 1998.

Ally Center is a 15-story, 365,000 square foot building located at 440 South Church Street in the heart of the cultural campus in downtown Charlotte. Developed by Trinity Capital Advisors and managed by Trinity Partners Management, Ally Center was completed in October of 2009 and is North Carolina’s first LEED Gold Certified Core and Shell building. Tenants include Ally Bank and HDR, and Trinity Partners recently announced Driven Brands’ seventh floor lease and fast-casual Just Fresh’s ground floor lease. The building is now 83% occupied.

MEDIA CONTACT
Molly Carroll
msc@trinity-partners.com
704.295.0413