Happy anniversary
CBA celebrates 50 years
Page 10
February 9, 2024 - February 22, 2024 Vol. 3, No. 17
bizfayetteville.com
$2.00
WEB EXCLUSIVE Hospitality
Comedian Kevin Hart coming to Crown Event Theatre bizfayetteville.com
Technology
Booz Allen adds new tech resource to Fayetteville Page 3
Hospitality
African American Heritage Trail gets revitalized Page 12
PHOTO PROVIDED BY CITY OF FAYETTEVILLE
The City’s Department of Economic and Community Development brought the community of Murchison Road together for a meeting on Friday Jan. 26 to provide background and present the ins and outs of what the plan entails, introduce developers and start the early discussions for relocations.
MEETING WITH
PURPOSE W
hat began as a HUD City of Fayetteville Choice Neighborhoods Grant for the continues to MurchisonPlanning neighborhood awardprogress towards ed in 2020 has now become fully plans for a better life for the $130.6 million fledged residents on Murchison Road. The Murchison Choice NeighMurchison Choice borhood Plan is a development plan designed renew and revitalize the Neighborhood Plan Murchisonto neighborhood by focus-
Index
Technology ............................................. 3 Editor’s Note .......................................... 4 Power Breakfast...................................... 5 Achievers ............................................... 8 Residential Real Estate...................10, 18
ing on housing, the neighborhood and the people who live there.
Hospitality ...........................................12 Banking + Finance ...............................15 Biz Leads........................................16, 17
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By Faith Hatton
See MEETING, page 7
Page 2
February 9, 2024 - February 22, 2024
Greater Fayetteville Business Journal
Greater Fayetteville Business Journal >>
By Faith Hatton
February 9, 2024 - February 22, 2024
bizfayetteville.com
MILITARY BUSINESS
Page 3
Meeting DOD demands BOOZ ALLEN HAMILTON ANNOUNCES NEW JOINT TECH ACCELERATION FACILITY AT FAYETTEVILLE LOCATION
B
ooz Allen Hamilton (NYSE: BAH) has announced the expansion of its Fayetteville presence with the opening of its new Joint Tech Acceleration Facility developed to create and field operationally relevant capabilities for the U.S. military and its warfighters. This investment reaffirms Booz Allen’s focus on applying innovation at the intersection of mission and technology. In a closed ceremony featuring private community members, Booz Allen leaders, board members and other relevant guests, Booz Allen representatives officially cut the ribbon to celebrate the result of two years of work and development finally joining the Fayetteville area. Booz Allen’s Joint Tech Acceleration Facility is a modular, nearly 8,000-square-foot facility located in Fayetteville, NC, just minutes from Fort Liberty. It provides an ecosystem of resources and controlled collaboration spaces that enable the rapid adoption of proven solutions into existing command architectures and networks. With a modular floorplan, single or multiple teams have the flexibility to work collaboratively to identify, prototype, test and deploy capabilities, reducing costs and time on on-site installations. “It’s a multifunctional space, it is a controlled environment. The way we’ve set it up, it provides for a lot of flexibility, where we can do prototyping there, we can do testing there, we can deploy capabilities there, and really testing simulating the client's environment and their networks,” shared Annette Redman, an executive vice president at Booz Allen based in Fayetteville. “We’ve got a large kind of modular area where we can do training, large scale demonstrations, whole post secure meetings, [etc.]” Following the ribbon cutting, guests were able to take self guided tours through different dedicated areas in the facility including: Cyber, AI/ MIL/ Data Science, Edge Systems and Devices, Network and Cloud sections. This facility will allow Booz Allen employees, clients and teammates to continue to engineer innovative, open and secure mission critical solutions while also removing costly
PHOTOS PROVIDED BY FCEDC
Pictured from left to right: Booz Allen Executive Vice President in Fayetteville Annette Redman, President & CEO of FCEDC Robert Van Geons, Executive Director of the NCMBC Scott Dorney, Cumberland County Commissioners Chairman Glenn Adams, Executive Director of the ASOMF Renee Lane, Booz Allen Global Defense Sector President Judi Dotson, Mayor of Fayetteville Mitch Colvin, Civilian Aide to Secretary of the Army Dan Dederick, and BG (R) Stephen Iacovelli, VP of Management Council, Defense Alliance for NC.
proprietary barriers and offering the Department of Defense (DOD) full reign and flexibility to create the specialized solutions they need. “I think that what this really enables us to do, especially here locally, is to start doing some of that rapid deployment of ready solutions and have this facility to demonstrate that and get those out the door and kind of answer DOD’s call for capabilities in a quick fashion,” shared Redman. This is the latest facility of its kind to be added to Booz Allen locations across the country. The local Booz Allen location added staff to run the new facility and, according to Redman, will continue to expand in the future. “It really is here to meet the demand. What we’re seeing across the board, across the DOD, is a desire for new capabilities for rapid fielding at speed and scale. There was a sense of urgency I think to meet some of the growing threats in the dynamic threat environment out there. So this is just another step in that process to give capability here locally, we're only minutes from Fort Liberty, and so to really provide that kind of capability
here [we want] to really be able to respond to evolving needs,” shared Redman. Redman also shared that this new facility will not only provide resources, but will also connect with other lab facilities within Booz Allen Hamilton, provide training opportunities and provide access to other capabilities that are being developed across the firm. The Fayetteville Cumberland Economic Development Corporation (FCEDC) shared their excitement at the facility coming to Fayetteville and will continue to support Booz Allen and their impact on the technological advancements within the community. “We really believe that Fayetteville is becoming, and it is our goal to become, a center for applied innovation, that intersection of industry, and advanced technology and defense. And there is no louder statement that can be made than the investment by a private sector company to advance that area of expertise in your community, so it's absolutely something we’re very proud of,” shared Robert Van Geons,
President and CEO of the FCEDC. “Booz Allen Hamilton is one of our largest and best often quietly kept secrets here and so we’re really grateful that they’re willing to share this.” In addition to careers for its workforce, Booz Allen provides funding, assistance and technology expertise to a variety of local organizations supporting veterans and military families, STEM education, and environmental stewardship. Booz Allen is providing a kick-off grant for a STEAM Innovation Lab to be housed at the Airborne and Special Operations Museum in downtown Fayetteville. The STEAM Innovation Lab will educate students about the development and deployment of equipment, planning and preparation of today’s Airborne and Special Operations Soldiers. Leading military, technology and equipment businesses will help with developing primary, middle and high school components for the Lab. “The dynamic STEAM Innovation Lab will foster active learning and provide hands-on, problem-solving activities using military equipment and technology,” said Renee Lane, Executive Director of the Airborne and Special Operations Museum Foundation in a press release. “This is an exciting new opportunity for Museum visitors, especially schoolage attendees, and we are grateful for Booz Allen’s generous support.” Booz Allen will continue to provide innovative technical support to defense, federal civilian and national security clients in artificial intelligence, data science, software development, systems integration, engineering and cybersecurity. Redman shared Booz Allen’s excitement and growth for this area with this new facility sharing in a press release: “Over the last 15 years, Booz Allen has been dedicated to the Fort Liberty area through multiple programs, projects and continued investments. Starting with only a handful of employees in the area and having grown to more than 600 across the region, we remain committed to the Fayetteville community and are excited to expand our operations to support the needs of the mission and warfighters.”
Page 4
Greater Fayetteville Business Journal
February 9, 2024 - February 22, 2024
EDITOR'S NOTE
bizfayetteville.com
4424 Bragg Blvd, Fayetteville, NC 28303 910-240-9697 bizfayetteville.com PUBLISHER Marty Cayton martyc@bizfayetteville.com EDITOR Faith Hatton faithh@bizfayetteville.com ASSISTANT EDITOR Stephanie Meador stephaniem@bizfayetteville.com CONTRIBUTING WRITERS Kate Griffin Diana Hansen Thomas Manning Jenna Shackelford Rachel Townsend Eddie Velazquez CONTRIBUTING WRITER MARKETING CONTENT Stacie Borrello CONTRIBUTING DESIGNER Samantha Lowe samanthal@bizfayetteville.com
Happy February!
ACCOUNT MANAGER Marshall Waren marketing@bizfayetteville.com
BLACK HISTORY MONTH, VALENTINE’S DAY AND OUR FIRST POWER BREAKFAST OF 2024!
ACCOUNTING Priscilla Nelson billing@bizfayetteville
The Greater Fayetteville Business Journal is published twice a month throughout Fayetteville and the Cumberland County region. News related to the region’s business sector is posted daily at bizfayetteville.com. SUBSCRIPTIONS Your free trial of Greater Fayetteville Business Journal is ending soon. To subscribe, call 910-240-9697 or visit bizfayetteville.com/ subscribe. Subscriptions cost $9.95 per month or $95 per year. REPRINT For article reprints, plaques and more contact Faith Hatton at 910-240-9697. ADVERTISING For advertising information, please email us at marketing@bizfayetteville.com or call 910-240-9697. © Copyright 2024 Greater Fayetteville Business Journal
J
anuary has finally passed and we are closer to seeing the end of winter! I’m not sure about the rest of you, but I am excited to finally be done with January. Did it seem to last forever for anyone else? As we enter into February, it is a time to celebrate Black History with a tour of Fayetteville’s own. Did you know that Fayetteville has its very own African American heritage trail? Well if not, you’re in luck! We have a feature article in this very issue (page 12) focusing on a revitalization of the trail with new signs, new additions and more! This is a perfect launch story before our special Black Owned Business issue coming up later this month! If you know of a Black owned business that may make a good feature, please feel free to email us at editor@bizfayetteville.com. Just a reminder for the general
public, Valentine’s Day is on Wednesday, Feb. 14. Based on the date of this issue’s release, if you’re reading this and this is the first time you’ve thought about it, it’s already too late. Just kidding – maybe – but it’s never too early to start thinking about your loved ones. Flowers and chocolate are always safe bets, or, you can take your loved ones to see the Cape Fear Regional Theatre’s production of Rodgers and Hammerstein’s Cinderella! The GFBJ team went to see it as a replacement for our office Christmas party (thanks, COVID) and I can say that the production was phenomenal! (The stepmother was hilariously unhinged.) The singing and acting was astounding! Roses and chocolates to the cast for putting on a fantastic show! Finally, we have our very first Power Breakfast of 2024 currently
scheduled on Leap Day, Feb. 29. This year’s theme is “Leaping Forward” and will feature Economist Gerald Cohen as the main speaker. Cohen will share what to expect from the economy in 2024 from a national, state and local perspective. Coincidentally, we also have a featured article in this issue (page 5) detailing the event if you’d like to take a gander. As always, we are glad to be the premiere business journal in the Fayetteville area and we look forward to continuing to connect with the business community and tell your stories!
Happy reading!
Greater Fayetteville Business Journal >>
By Stephanie Meador
February 9, 2024 - February 22, 2024
bizfayetteville.com
Page 5
MORE NEWS
Leaping Forward GREATER FAYETTEVILLE BUSINESS JOURNAL TO HOST ITS FIRST POWER BREAKFAST OF 2024 ON LEAP DAY
T
he Greater Fayetteville Business Journal team extends a warm invitation to our dear readers for the upcoming Power Breakfast on Feb. 29. This Power Breakfast, themed “Leaping Forward,” will be held at the Cape Fear Botanical Gardens where guests will hear from Economist Gerald Cohen about what to expect in 2024 from a national, state and local perspective. Cohen is the Chief Economist at UNC’s Kenan Institute of Private Enterprise and has worked in a range of business and government roles, giving him unique insights into the direction of our economy. “It’s exciting for us to collaborate once again this year with the Fayetteville Cumberland County Economic Development Corporation to bring an economic and financial outlook for our region. Gerald Cohen with the Kenan Institute of Private Enterprise is someone that is well respected in the industry and we expect a good turnout because of that. We’re thankful for our relationship with the FCEDC,” remarked Greater Fayetteville Business Journal Publisher Marty Cayton. Cohen is prepared to speak on a few hot topics before fielding questions from attendees. These topics include things such as the intersection of politics and economics and the impact of our macroeconomy on Extended Metropolitan Areas or micro economies, such as Fayetteville. “Our baseline forecast is that the economy is going to slow and potentially decline in the second half of 2024…Interestingly, the smaller cities like Fayetteville or kind of what we call our mid-sized cities are less impacted by national goings on than larger cities,” remarked Cohen. Navigating uncertainty tends to be a difficult task. As individuals and organizations prepare for an election year there is a heightened sense of variability which may lead to increased stress regarding business decisions. Cohen is keenly aware of how political factors affect economic outcomes and is eager to provide insights to our greater Fayetteville business community. “Our goal [at the Kenan Institute] is to help businesses and policy makers make better decisions through an
JOIN US
FEB. 29, 2024
GERALD COHEN
Chief Economist Kenan Institute of Private Enterprise at the University of North Carolina Kenan-Flagler Business School
understanding of economic activity and business research. And so we are very focused on saying, ‘How is this relevant to a business person?’” shared Cohen. Cohen is prepared to break down how concerns and trends on the national level are affecting our local economy. “Many people have views on
the national economy, but what we particularly have, and this is pretty new and we’re very excited about this, is we also have our research on the micro economies and our understanding of the modeling of the 150 largest micro economies in the United States, or Extended Metro Areas…what I hope to do [at the Power Breakfast] is illustrate the data that is driving our understanding of the Fayetteville economy and put that in the context of the United States, other cities in North Carolina and other cities that Fayetteville thinks of as competitor cities,” stated Cohen. Additionally, this Power Breakfast will mark the unveiling of our annual Book on Business, a resource for our
readers that showcases the Fayetteville region as a center of business and serves as an update to business and community leaders on initiatives to boost economic development. Don’t miss this chance to be one of the first people to take home our 2024 Book on Business!
GREATER FAYETTEVILLE BUSINESS JOURNAL
TICKETS ARE ON SALE NOW. Reserve your seat by going to fayettevillepowerbreakfast.com.
Page 6
February 9, 2024 - February 22, 2024
Greater Fayetteville Business Journal
Greater Fayetteville Business Journal >>
February 9, 2024 - February 22, 2024
bizfayetteville.com
By Faith Hatton
Page 7
RESIDENTIAL REAL ESTATE
From MEETING, page 1
Being worked on by the City of Fayetteville in partnership with the the Fayetteville Metropolitan Housing Authority (FMHA), the Murchison Choice Neighborhood Plan now includes proposed development plans for: · 207 mixed income rental units, 25 homeownership units featuring inunit washers and dryers, pantries, gardens, a park, a picnic area, a fitness center, art murals and improved street lighting. · Family Supportive services that ensure access to economic self-sufficiency, youth and adult Education, health and wellness programs and community engagement. · A grocery store, bank, pharmacy, trails, senior center, public art, youth center, crosswalks, bus shelters, façade improvements, workforce development center and learning lab for the community.
Two sites have been chosen for development: · THE MURCHISON SITE: Includes 9.6 acres, plans to demolish 60 existing units, new construction of multi-family units, parking and plans designed around courtyards and walkable streetscapes. · THE ELLIOT CIRCLE SITE PLAN: Includes 16.6 acres, 110 existing units to be demolished, Phase I of 163 new multi-family units, Phase II plans for the construction of 44 elderly units and a design around connected parks and greenways.
PHOTO PROVIDED BY FAYETTEVILLE ECONOMIC AND COMMUNITY DEVELOPMENT
Early paintings of the one, two and three story housing units that will be placed in walkable community spaces and accessible to residents.
New homeowners are also being kept in mind in the development plans with spaces set aside purposely for “infill homeownership” in which community residents can work with partner programs to help new homeowners acquire land within the community for new builds or to purchase a renovated property. The plan includes rehabilitation/ new construction of 25 homes in the neighborhood available for affordable homeownership. Within 1/8 mile from the edge of the Murchison site development plan property, there are between 65-70 vacant sites that could accommodate new homes. The City’s Department of Economic and Community Develop-
PHOTO PROVIDED BY FAYETTEVILLE ECONOMIC AND COMMUNITY DEVELOPMENT
Top: The Elliot Circle site includes a total of two townhomes, one, two and three story walkups and a three- story elderly community with an elevator for accessibility. Bottom: Plans for the Elliot Circle site also highlight the needs of the community and include inclusive spaces such as a community building.
ment brought the community of Murchison Road together for a meeting on Friday Jan. 26 to provide background and present the ins and outs of what the plan entails, introduce developers and start the early discussions for relocations. Director of Economic and Community Development for the City of Fayetteville Chris Cauley kicked off the meeting by presenting a current layout of the plans all made possible due to the HUD Choice Neighborhoods Planning Grant won in Dec. of 2020. “We’ve worked to engage the community to do a comprehensive neighborhood plan to create a neighborhood of choice centered on distressed public housing. We won that grant. We were one of 11 that were awarded in 2020. …they gave us just shy of half a million dollars to bring in some folks to augment my staff and the Housing Authority staff and really engage the community and talk about what the first scenario meant to folks, what they hope to see in the future and what they hope to retain from the past,” said Cauley. “There was a clear vision from the council to create a plan centered on diversity, equity and inclusion.” Building on that initial funding, the City of Fayetteville, Metropolitan Housing Authority, Cumberland County Schools (CCS), JBS Developers, Inc., developers for the projects and Urban Strategies, Inc. (USI) are submitting a Choice Neighborhoods Implementation Grant to HUD for $27 million to help fund the project. With additional leverage, overall neighborhood investment will be $130.6 million. Jim Smith of JBS Developers was
able to offer a construction timeline pending being awarded the grant funding needed to begin. “This Choice Neighborhood Initiative is approximately an eight year endeavor from the time that this team successfully receives the grant award, which we intend to do, which can be as early as July or August of this year. At such time, this team would begin to close the Choice Neighborhood grant, close the tax credit funding and begin to work through the relocation with the existing tenants. These activities will take approximately 18 months and then the first phase of construction would be ready to begin and from there we are projecting about a two and a half year build out of the family and elderly units,” shared Smith. On Jan. 31, the Fayetteville City Council held a special meeting to speak directly with Cauley about the plans and the next steps. Cauley announced that all of the partner groups are working on the final preparations to submit their application for the $27 million implementation grant by Feb. 13, 2024. Cauley approached councilors to ask them to authorize the City Manager to execute an agreement between all partnered organizations to submit an application for the grant. After a brief discussion and Cauley fielding questions from councilors, the motion passed unanimously. As these plans continue to evolve and develop, interested members of the community can follow along with progress by going online to www.fayettevillenc.gov/city-services and finding the full plans under the “Economic & Community Development” tab.
Page 8
ACHIEVERS Sylvia Campbell presented with the Order of Long Leaf Pine SYLVIA CAMPBELL, Mayor of the Town of Elizabethtown and area businesswoman, was presented with the Order of the Long Leaf Pine at the Annual Meeting of the Elizabethtown-White Lake Area Chamber of Commerce on Thursday, Jan. 25. Chamber Member Robin Summerlin presented the award to Mrs. Campbell expressing gratitude for
PHOTO PROVIDED BY TOWN OF ELIZABETHTOWN
Mayor Sylvia Campbell, her husband Mac and their sons.
her years of service in town government where she first served on the Town’s Planning Board and Town Council and has spent the last 16 years as Mayor. Summerlin spoke on her impact as one of owners of the family-based Campbell Oil Company/ Minute Man Food Marts, her leadership in social issues and her participation in organizations like Bladen We Care. He also commended Campbell for her forty-plus years as organist and choir director at Elizabethtown Presbyterian. Order of the Long Leaf Pine is a prestigious award conferred by the Governor of North Carolina and awarded to persons for exemplary service to the State of North Carolina and their communities. Awardees demonstrate efforts above and beyond the call of duty and have made a significant impact and strengthened North Carolina. The Campbell Family was also recognized as the 2023 Chamber Outstanding Member of the Year in recognition of the company’s 75th Anniversary.
Arts Council of Fayetteville/Cumberland County awarded $20,000 NEA Grant
The Arts Council of Fayetteville/ Cumberland County has been approved by the National Endowment for the Arts (NEA) for a $20,000
Greater Fayetteville Business Journal
February 9, 2024 - February 22, 2024
bizfayetteville.com
What are you and your peers achieving? Have you reached a new goal? Have you acquired another business? Maybe your business has a new hire you would like to highlight.
Greater Fayetteville Business Journal wants to hear from you and your business to shine a spotlight on your accomplishments. To nominate someone for GFBJ’s Achievers section, email editor@bizfayetteville.com with the subject line “Achiever.” Grants for Arts Projects (GAP) award. This grant will support a new Regional Residential Artist Program, which is the first residency opportunity offered through the Arts Council. In total, the NEA will award 958 GAP awards totaling more than $27.1 million that were announced as part of its first round of fiscal year 2024 grants. “The NEA is delighted to announce this grant to The Arts Council of Fayetteville/ Cumberland County, which is helping contribute to the strength and well-being of the arts sector and local community,” said NEA Chair Maria Rosario Jackson, PhD, in part in a press release. President and CEO of the Arts Council, Bob Pinson, expressed his enthusiasm surrounding the grant announcement. “I would like to thank Michael Houck of our staff for seeking out this funding and am thrilled that the NEA has once again recognized the great work of The Arts Council,” said Pinson in a press release. Leveraging the grassroots investments in the NC Arts Council’s Artist Support Grant Program, the Arts Council will seek one mid-career visual artist living in Cumberland, Hoke, Robeson, Sampson or Scotland county for a residency at the Arts Council’s home on Hay Street in Downtown Fayetteville.
Dr. Alex Smith assumes ownership of Fayetteville Family Chiropractic Fayetteville Family Chiropractic, a resource for health and wellness in our community since its estab-
lishment in 1992, is excited to announce a change in ownership. DR. ALEX SMITH has taken the reins as new owner. Dr. Smith joined Fayetteville Family Chiropractic in 2016 under the leadership of Dr. Jerry Fonke. Having served the community for 32 years, Dr. Fonke expresses confidence in this transition. “It’s been an incredible journey and passing the torch to Dr. Smith feels like a natural evolution for the future of Fayetteville Family Chiropractic,” shared Dr. Fonke in a press release. “I am honored to have the opportunity to lead our team, as we continue our commitment to providing exceptional care with the highest standards of professionalism and expertise,” said Dr. Smith in a press release. “Our commitment to personalized patient care, community health and a holistic approach to well-being is unwavering. In addition to treating injuries and physical conditions, we introduce patients to chiropractic as an effective program for general wellness and preventive care,” Smith he added. Dr. Jerry Fonke, Dr. David Fonke and Dr. Christopher Long will continue to provide care along with Dr. Smith, as Fayetteville Family Chiropractic serves their existing patients and welcomes new ones to the practice. Dr. Smith graduated from East Carolina University with a Bachelor of Science in Exercise Physiology. Following completion of undergraduate studies, Dr. Smith proceeded to obtain a Doctor of Chiropractic (D.C.) from Life University in Marietta, Georgia. He is an active member of the North Carolina Chiropractic Associa-
tion, the American Chiropractic Association and the Exchange Club of Greater Fayetteville.
FSU computer science faculty member named funded collaborator with NC State Lab on AI research A Fayetteville State University computer science faculty member is collaborating with the Laboratory for Analytic Sciences (LAS) at NC State University for research on artificial intelligence to enhance national security announced on Jan. 11. Dr. Sambit Bhattacharya, is the professor of computer science and director of the Intelligent Systems Lab (ISL) For the second consecuBhattacharya tive year, Sambit Bhattacharya, Ph.D., professor of computer science and director of the Intelligent Systems Lab (ISL), is one of 22 funded collaborators, representing 11 academic institutions and six industry partners conducting research projects with the LAS. His project aims to create AI software to detect rare and uncommon objects in video, which will serve the needs of the National Security Agency. Creating this type of AI technology requires collecting data on rare, uncommon objects of concern to national security which are then used to train the AI to detect these objects in new or previously unseen video. Bhattacharya is an expert in creating synthetic data that aids in the AI learning process. Students working in the ISL assist Bhattacharya and LAS, including the NSA scientist working there. With support from the U.S. Department of Defense as a prime funding agency, FSU students receive stipends for their contributions. “Our research is impactful for both students and the university as a whole because of the combination of technological challenge, societal impact, and professional growth opportunities for students and faculty,” said Bhattacharya in a press release. The Laboratory for Analytic Sciences is a partnership between the intelligence community and North Carolina State University that develops innovative technology and tradecraft to help solve mission-relevant problems.
Greater Fayetteville Business Journal
February 9, 2024 - February 22, 2024
MEET THE
BUILDER
·
Page 9
Page 10
RESIDENTIAL REAL ESTATE
Greater Fayetteville Business Journal
February 9, 2024 - February 22, 2024
bizfayetteville.com
>>
Staff report
50 years strong
COLDWELL BANKER ADVANTAGE CELEBRATES 50 YEARS IN SERVICE TO THE REAL ESTATE NEEDS OF THE GREATER FAYETTEVILLE COMMUNITY
C
oldwell Banker Advantage in Fayetteville, a company long recognized for its pioneering spirit, vision and innovation, is celebrating 50 years of serving real estate clients in southeastern North Carolina. The golden anniversary will be highlighted this year in signage, advertising, internal and external marketing and special events. CEO Ralph Huff has long believed in the power of his company to differentiate itself in an expanding market. “We have a culture that is special and rare – a culture of family and community based on integrity,” he noted in a press release. Coldwell Banker Advantage has had the Number 1 market share in the region since 1995 – and the Fayetteville office has been Number 1 in North America an impressive six times within the Coldwell Banker franchise system. “I have a deep sense of pride and gratitude for being part of the Leadership Team at Coldwell Banker Advantage,” said Lisa Geddie, President of the Sandhills Division in a press release. “The company’s long standing involvement in the community for the past 50 years is indeed a remarkable achievement and sets us apart from others.” Geddie shared that well-trained and service-oriented agents who assist both home buyers and sellers are the cornerstone for the company’s success. “Our outstanding agents play a crucial role in contributing to our company’s success. Their unwavering commitment to providing an excellent customer
Ralph Huff
Suzanne Pennink
Lisa Geddie
The emphasis on giving back to the community reflects a strong commitment to social responsibility and creating a positive and special environment for everyone. It’s evident that the culture at Coldwell Banker Advantage is deeply ingrained in the values of service, excellence and community involvement.” — Lisa Geddie, PRESIDENT, SANDHILLS DIVISION PHOTOS PROVIDED BY COLDWELL BANKER ADVANTAGE
The success of Coldwell Banker Advantage is due in part to the work of their leadership, CEO Ralph Huff, President of the Sandhills Division Lisa Geddie and Real Estate Agent Suzanne Pennick who has been apart of the team since joining forces with Huff in 2005.
experience has been instrumental in the company’s growth and standing in the community,” she continued in the release. According to Geddie, “The emphasis on giving back to the community reflects a strong commitment to social responsibility and creating a
positive and special environment for everyone. It’s evident that the culture at Coldwell Banker Advantage is deeply ingrained in the values of service, excellence and community involvement.” Coldwell Banker Advantage embodies a longstanding commitment to
supporting the military, local businesses, and educational endeavors, as well as the arts community. Among the most visible examples of hometown pride is Coldwell Banker Advantage’s District Trolley, which provides free transportation between downtown Fayetteville and the Historic Haymount neighborhood. Coldwell Banker Advantage operates two offices in Fayetteville, on Raeford Road and Yadkin Road, near Fort Liberty. Additional regional offices include Western Harnett County (Cameron), Sanford and Southern Pines/Pinehurst. The company has a rich history which has been shaped by real estate trailblazers. Founded in 1974 as United Realty by developer Murray Duggins, the company has been managed since 1981 by Ralph Huff, who bought the business in 1990. Huff and Suzanne Pennink merged in 2005. The Coldwell Banker Advantage franchise has grown and is thriving under various owners and leadership, from the coast to the Triangle to the mountains of North Carolina, as well as parts of South Carolina and Virginia. Ralph Huff, Tim Milam and Gary Rabon are the core partners in Coldwell Banker Seacoast Advantage, which has 60 offices, 2,000 agents and 24,000 transactions totaling $7 billion in sales annually – those phenomenal numbers make it the largest Coldwell Banker franchise nationally.
Greater Fayetteville Business Journal
February 9, 2024 - February 22, 2024
Page 11
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HOSPITALITY
Greater Fayetteville Business Journal
February 9, 2024 - February 22, 2024
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By Kate Griffin
Walk through history
T
FAYETTEVILLE’S AFRICAN AMERICAN HERITAGE TRAIL ANNOUNCES PLANS FOR REVITALIZATION AND RENEWAL
he African American Heritage Trail of Fayetteville has been a project in the works for over 20 years. In an effort to educate, contribute and monumentalize, the African American Heritage Trail offers guidance to visitors in an even more straightforward way as the trail undergoes new developments. The Fayetteville Cumberland Parks and Recreation is proud to announce a new revitalization to the trail, adding new signage, discovering and adding new landmarks and making educational and artistic strides in the community. “The African American Heritage Trail is something that’s historical,” said Michael Gibson, Fayetteville and Cumberland Parks and Recreation Director. “From the Linear Park, from the Cape Fear River Trail to the Little Cross Creek Trail, it’s all who we are. It's a beautiful testimony and for us to be able to recreate and memorialize that history so people will have it and when you come to this community you’ll be able to experience it, that’s our intent.” The African-American Heritage trail spans all over the town of Fayetteville, covering well over 20 different sites of history, with more in the works to be added over time. “We’ll be expanding and moving and identifying and doing more, it’ll evolve,” said Gibson. “It goes all over the place from Evans Metropolitan Zion Church on Coolspring Street to Orange Street School to Blunt Street to historical markers around town, so it’ll be challenging but that’s why the wayfinding [is there].” Some of the landmarks are physical historical buildings or sites, like the E.E. Smith Monument, Cross Creek Cemetery and the historical marker in Fayetteville State University. Other landmarks are sign markers, describing notable figures in Fayetteville history, like the Charles W. Chesnutt marker, the Henry Evans marker, the Hiram R. Revels marker and the Lewis Leary marker. Additional landmarks on the trail are featured in museums or other establishments, such as the Museum of the Cape Fear Historical Complex, the Airborne and Special Operations Museum and Fayetteville History Museum. “You look at a marker of 1760 or a marker of 1784, the biggest thing
PHOTOS PROVIDED BY DISTINCTLY FAYETTEVILLE AND GFBJ
The trail highlights specific historic landmarks such as Martin Luther King, Jr. Park (left) and other areas with markers such as Fayetteville State University (top) and Bethel AME Zion Church.
is you wonder what those people experienced that far back and how they adapted and lived in this community and thrived and got buried in this community,” said Gibson. “You always wonder, when dealing with history, how a person lived and the adventures that they had.” The African American Heritage Trail has plans to interweave with Big Cross Creek Trail, Little Cross Creek Trail, Linear Park trails and others. The African American Heritage Trail sprawls all across Fayetteville, ensuring an adventure of learning for any visitors. “We’ll be adding trails, widening trails just so people feel comfortable moving around and navigating well,” said Gibson. “It doesn’t loop, it’s not like that. It’s landmarks, so there is no pattern to it.” To provide clarity and direction, new signs are being put up around to help visitors better identify the landmarks and learn more about the history behind them. “All the information on that signage and placards and crosswalks it’ll be different, it’ll be something that this community [already had] flashes of, but this will be a concentrated effort,” said Gibson. “The signage is going to be a little funky and if you’re driving down
the street you’ll be able to see them and go ‘Hmm that’s different what is that?’ especially if you’re walking, it will be able to give you tremendous information, it’ll help you understand where you’re going, it even allows you to understand how to get downtown all the way to Methodist.” The African American Heritage Trail also incorporates programs and community efforts in addition to historical sites. The trail highlights the Umoja Group’s ‘Wall of Honor’ on Langdon Street. Plans for adding a new tile mosaic to that wall are in the works as well. The Orange Street School is a prominent landmark on the trail, which is undergoing renovation for the Fayetteville-Cumberland Youth Council Program’s ventures in creating an arts and STEM project, offering opportunities for children more inclined to those areas. Within the Orange Street School’s renovations are plans for a museum area for all of the site’s historical artifacts being discovered. “So when you walk into that building you get that feel and all that history, plus that environment where kids are learning,” said Gibson about the Orange Street School. Businesses of Fayetteville can be involved in this project as well via the
adoption programs via the Fayetteville-Cumberland Parks and Recreation website. The FCPR has many options for donors to credit their contributions. “Everyone talks about livable environments…so being blessed to have funding from the state to go ahead and do this and having our city council supporting it is a major thing for this community so we don’t take it lightly, we intend to do the right thing,” said Gibson. The African American Heritage Trail memorializes the dedication and perseverance of Fayetteville’s Black community throughout the centuries. In addition to the education of the public, it also incorporates beneficial programs to the community and revitalization. “It’s all about contribution. This community was built on diversity, this community was built on people eventually getting along and developing a place where they could live and thrive and raise their children,” said Gibson. “Just like any other community working toward that livability, how people existed, that’s the biggest thing history teaches you.” You can learn more about the The African American Heritage Trail online at www.distinctlyfayettevillenc.com.
Greater Fayetteville Business Journal
February 9, 2024 - February 22, 2024
Page 13
THE LIST
bizfayetteville.com
Banks Banks
Ranked deposits of30, June 30, 2023 Ranked byby deposits as ofas June 2023 RANK
BANK
RANK
1
1
2
BANK
TRUIST BANK
TRUIST BANK FIRST BANK
LOCAL ADDRESS PHONE IN-MARKET SHARE WEBSITE
LOCAL ADDRESS PHONE WEBSITE
3817 Morganton Rd Fayetteville, NC28314 31.30% 3817 Morganton Rd 910-487-7500 truist.com Fayetteville, NC28314 300 SW Broad St Southern Pines, NC 28387 910-485-5855 localfirstbank.com
910-487-7500 truist.com
18.17%
FIRST-CITIZENS BANK & TRUST COMPANYFIRST BANK
828-433-6310 Southern Pines, NC 28387 15.15% firstcitizens.com 910-485-5855
4
BANK OF AMERICA, NATIONAL ASSOCIATION
800-432-1000 bankofamerica.com
5
PNC BANK, NATIONAL 888-762-2265 BANK OF AMERICA, NATIONAL pnc.com ASSOCIATION
7
LUMBEE GUARANTY BANK
5
8.21%
828-433-6310 firstcitizens.com
Sioux FallsS.D.57104 800-869-3557 wellsfargo.com
64
8
27
31.30% $2.17M
YEAR
IN-MARKET DEPOSITSFOUNDED NO. OF LO 1891
$3.74M 21
1935
$1.81M 18.17%
18 $2.17M
1898
4
1904
localfirstbank.com
FIRST-CITIZENS BANK & TRUST 101 N Philips Ave COMPANY WELLS FARGO BANK, NATIONAL ASSOCIATION
$3.74M
NO. OF LOCAL OFFICES
300 SW Broad St
32
3
IN-MARKET DEPOSITS IN-MARKET SHARE
7.72%
800-432-1000 5.28% bankofamerica.com
ASSOCIATION
866-674-5576 lumbeeguarantybank.com
3.53%
101 N Philips Ave WELLS FARGO BANK, NATIONAL Sioux FallsS.D.57104 100 S Main St 800-869-3557 ASSOCIATION Fuquay VarinaN.C.27526 THE FIDELITY BANK wellsfargo.com 2.59% 855-547-1385
$980,369
15.15%
$1.81M
$922,386
10
$630,671
10
$421,582
15
8.21%
7.72%
1870
$980,369
1804
1971
$922,386
$309,553
5
$240,125
5
$190,824
2
1909
fidelitybanknc.com
UNITED BANK PNC BANK, NATIONAL
241 Green Street FayettevilleN.C.28301 800-327-9862 bankwithunited.com
10
FIRST NATIONAL BANK OF PENNSYLVANIA
11 7
166 Main St GreenvillePa.16125 833-226-5362 www.fnb-online.com
FIRST HORIZON BANK
12
FIRST FEDERAL BANK
9
6
8
ASSOCIATION
LUMBEE GUARANTY BANK 800-382-5465
THE FIDELITY BANK
13
SOUTHERN BANK AND TRUST COMPANY
14 9
UNITED BANK DOGWOOD STATE BANK
15
FSNB, NATIONAL ASSOCIATION
10
firsthorizon.com
2.01%
1.60%
866-674-5576 lumbeeguarantybank.com 1.39%
866-871-7926 firstfederalbanknc.com
100 S Main St 1.31% Fuquay VarinaN.C.27526 855-547-1385 16 E Main St fidelitybanknc.com Mount OliveN.C.28365 855-275-7226 southernbank.com
0.83%
FIRST NATIONAL BANK OF PENNSYLVANIA
800-749-4583 fsnb.com
WOODFOREST NATIONAL BANK
877-968-7962 woodforest.com
1711
CARTER BANK TRUST FIRST& HORIZON BANK
833-275-2228 cbtcares.com
18
THE FIRST BANK AND TRUST COMPANY
818 Mckinney Pkwy LilligntonN.C.27546 (984) 229-8899 www.firstbank.com
5.28%
3.53%
$166,126
3
$156,435
4
2.59% $98,869
$630,671
1839
1864
$421,582
1864
1958
$309,553 3
1901
1 $240,125
2001
5
1946
241 Green Street
225 Green Street Suite 102 Fayetteville, NC 28301 FayettevilleN.C.28301 800-327-9862 0.32% (910) 500-1509 dogwoodstatebank.com/ bankwithunited.com
16
12
888-762-2265 pnc.com
0.19%
2.01% $38,202
$22,862
166 Main St GreenvillePa.16125 833-226-5362 www.fnb-online.com 0.18%
1.60%
800-382-5465 0.12% firsthorizon.com
$14,115 1.39%
0.12%
$13,862
$21,438
$190,824 6
1980
1 $166,126
1974
1
1980
866-871-7926
The Greater Fayetteville Business Journal's list FIRST of banksFEDERAL is limited toBANK those with branches within our coverage area. The ranking criteria was obtained from a1.31% market share report from the Federal Deposit Insurance Corp. Additional $156,435 firstfederalbanknc.com information was obtained from the banks themselves and other Business Journal research.
13 14 15
SOUTHERN BANK AND TRUST COMPANY
16 E Main• StFree Registration for Military and Government Civilians Mount OliveN.C.28365 0.83% 855-275-7226 • Learn About Innovations and Best Practices that Help$98,869 Solve southernbank.com
the IT Challenges Faced by the DoD • 80+ IT Exhibitors Green Street Suite 102 February 21-23, 2024 | Iron Mike Conference225 Center Fayetteville, NC 28301 for 2024! AFCEA 0.32% • New Resource & Career Fair (Feb. 21) DOGWOOD STATE BANK $38,202 (910) 500-1509
dogwoodstatebank.com/ Register Today. www.TechNetFortLiberty.com
FSNB, NATIONAL ASSOCIATION
800-749-4583
0.19%
$22,862
Page 14
February 9, 2024 - February 22, 2024
Greater Fayetteville Business Journal
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910.829.1617
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OVER
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BROKERS AND EMPLOYEES
Greater Fayetteville Business Journal >>
Staff Report
February 9, 2024 - February 22, 2024
bizfayetteville.com
BANKING + FINANCE
Page 15
Banking better together DOGWOOD STATE BANK TO ACQUIRE COMMUNITY FIRST BANCORPORATION
T
wo major banking institutions with a presence in North Carolina are combining to create the ninth largest community bank in the Carolinas. Dogwood State Bank (OTC: DSBX) and Community First Bancorporation (OTC: CFOK) have jointly announced the signing of a definitive merger agreement for Dogwood State Bank to acquire Community First Bancorporation and its subsidiary, Community First Bank in an all-stock merger. The strategically compelling combination enhances Dogwood’s liquidity and funding while solidifying its position in high growth markets. Dogwood State Bank President and Chief Executive Officer Steve Jones sent an email announcement to Dogwood State Bank Shareholders on Thursday, Feb. 1, to alert them of the acquisition. “I am excited to share that earlier today we announced that we have entered into a definitive merger agreement with Community First Bancorporation for Dogwood to acquire Community First Bank, pending regulatory approval. This merger expands our South Carolina presence with a significant lowcost deposit franchise allowing for continued and future growth opportunities. This is an exciting and significant milestone in our journey, establishing Dogwood as the premier community bank in the Carolinas,” said Jones in the message. The merger agreement provides that each Community First Bancorporation common shareholder receive 0.5875 shares and each preferred shareholder will receive 64.7719 shares of Dogwood’s voting common stock. The transaction is intended to qualify as a tax-free reorganization for federal income tax purposes and to provide a taxfree exchange for Community First Bancorporation stockholders. Based on Dogwood’s most recent capital raise of $16.4 million in March 2023 at $20.00 per share, this would imply a transaction value per share of $11.75 for each Community First Bancorporation common share. “The partnership with Community First Bancorporation unlocks
Enhancing Our Strength Throughout the Carolinas February 1, 2024
Richard D. Burleson, Jr.
Steve Jones
This merger expands our South Carolina presence with a significant low-cost deposit franchise allowing for continued and future growth opportunities. This is an exciting and significant milestone in our journey, establishing Dogwood as the premier community bank in the Carolinas.” — Steve Jones,
PRESIDENT/CEO, DOGWOOD STATE BANK PHOTO BY DOGWOOD STATE BANK
With the success of this merger, Dogwood State Bank will become the ninth largest community bank in the Carolinas. The pro-forma company will have total assets of $2.2 billion, total deposits of $1.8 billion and net loans of $1.7 billion.
long-term growth potential for shareholders and access to significant scale in the Upstate of South Carolina,” said Jones in a press release. “With this transaction, we will have a meaningful presence in the largest major growth markets in the Carolinas.”
The pro-forma company will have total assets of $2.2 billion, total deposits of $1.8 billion and net loans of $1.7 billion. The transaction is expected to be over 65 percent accretive to Dogwood’s earnings on a per share basis in 2025. The initial tangible book value dilution, driven
primarily by the current interest rate environment, is anticipated to be earned-back in approximately one year. “From the beginning, Community First Bank has been focused on developing a business model that focuses on safe and sound relationship banking in the markets we serve. We believe we have been very successful with this in our Tennessee, North Carolina and South Carolina markets, which encompass some of the fastest growing markets in the nation,” said Richard D. Burleson, President and Chief Executive Officer of Community First Bancorporation and Community First Bank in a press release. Mr. Burleson continued in the release stating , “However, to continue growing, to provide cutting edge technology and to become more profitable, we need a partner who can provide us the opportunity to better serve our customers with a much larger balance sheet, enhanced technology and expanded products and services. We believe our partnership with the Dogwood team provides just that and I believe the synergies that exist between our companies will result in tremendous success for both sides.” The boards of directors of both businesses have unanimously approved the merger agreement. The transaction is anticipated to close in the second half of 2024, subject to customary closing requirements, including Community First shareholder, Dogwood shareholder and regulatory approvals. Following the closing, two directors of Community First Bancorporation will join the Dogwood Board of Directors. Additionally, Dogwood will create an advisory board for the Upstate consisting of members of the Community First Bancorporation Board of Directors. Piper Sandler & Co. acted as financial advisor and provided a fairness opinion to Dogwood State Bank and Williams Mullen served as Dogwood State Bank’s legal advisor. D.A. Davidson & Co. acted as financial advisor and provided a fairness opinion to Community First Bancorporation and Brooks Pierce LLP served as Community First Bancorporation’s legal advisor.
Page 16
Greater Fayetteville Business Journal
February 9, 2024 - February 22, 2024
BIZ LEADS Reader’s Guide
bizfayetteville.com
Atomic Orchard PEST CONTROL Salon LLC FOR HUMANITY 5333 Camden LLC BizLeads is a collection of information gathered from greater Fayetteville Rd. 6882 Fern Creek courthouses, state government offices Fayetteville Place and information websites. The listings are intended to help the business community Agent: Audra Kris- Fayetteville find new customers and stay on top Pogo All In One tine Brown Agent: THOMAS of happenings with current customers, vendors and competitors. Owen Smoke Bullpen Sports MARVIN GRANT Services LLC LLC LLC SR 3013 Cope St Ray West New Corporations lists firms from the 2897 Owen Drive 3216 Buckley Dr Greater Fayetteville Business Journal region Fayetteville Distributing Inc. that were recently incorporated in the State Suite 101 Eastover Abbie's Nail Agent: Oliver N 7238 Deerview of North Carolina. Fayetteville Agent: William Universe LLC Davidson Trl Agent: Baligh Joseph Stern 108 Hay St Stedman CareAssist Adult CUMBERLAND Hasan Abdullah Fayetteville FOR THE PEOPLE Agent: Raymond Day Care Center Infinite Nursing Agent: Abigail L SERVICES LLC West COUNTY LLC St. George ManGemz LLC Blen 6882 Fern Creek 100 Hay Street 2125 Saint Nicho- Place BUIE & HOWIE agement LLC Fixit Home Ste 503 Wilson Southern Fayetteville LLC 605 German St las Dr Solutions Inc Fayetteville Agent: Thomas 2623 Westchester Renovations LLC Fayetteville Hope Mills 100 Hay Street Agent: Abundant 3512 Kennicot Marvin Grant Sr Drive Agent: All Accurate Agent: Monica Ste 503 Living Consulting Ct Fayetteville Accounts LLC Wright Fayetteville Corporation LLC Fayetteville Evolving Into Agent: John G. Agent: Abundant Change Buie Jr. Agent: Fran H CONSTRUCTION Left Lane Auto Living Consulting Wilson 1408 Converse PENIEL MENDEZ Carrier LLC Corporation LLC Financial Edge LLC Ave We Can Do Moore LLC 3516 Carlsonbay 1315 Fort Bragg Trillion Dollar Team Fayetteville LLC 2358 NORMENT Cir 205 Team Pope First Road LLC Agent: Lakesha 1149 Patrick Dr. RD Fayetteville Sergeant Council 6437 Morganton Manuel Fayetteville Lumberton Agent: Anthony 259 Maynard St. Fayetteville Agent: Nicholas Rd Agent: Jerome Agent: ABISAI Deray Bilbry Pope AAF John Rademacher King Vending Nelson Moore III Fayetteville MENDEZ ESTRADA Agent: Samuel C Agent: Diane Alicia DiDi Needle Magic Machines LLC Tuggle Jett Power Dawkins 881 Sumner Dr CINDY'S TOO Topiavlush LLC LLC Corporation Apt 8 DUES LLC 5924 Braxton Rd 122 Anderson St The Farmer's Cat 5698 Archer Rd Fayetteville 1045 RULNICK ST Balloons A' More Apt A Fayetteville Cafe LLC Hope Mills LLC Agent: Vaughn APT D Hope Mills Agent: Diana 2589 Gillespie Agent: Horace 3505 Tree Ring Pitts Fayetteville Agent: Denim Bagwell Lights Street Hayes Ct Agent: CYNTHIA Baker Fayetteville CONCIOUS BOYKIN Fayetteville CameraYorks LLC Agent: Andy Agent: Renee CHOICE HEALTH Coles Sandwich 427 Southwick William Iglesias LGT Disaster Services LLC Marie Brooks AND WELLNESS Big Asset ConsultShop LLC Dr. 2501 Bragg Blvd PLLC 100 Hay Street Fayetteville ing LLC MFI Racing LLC Ste A-201 RAN-WHIT-IT 6853 TOWBRIDGE 313 Cornhill Rd Ste 503 Agent: Hilary 1026 Emerald ENTERPRISES ROAD Fayetteville F. York Fayetteville Stone Loop Fayetteville Agent: James G LLC Fayetteville Agent: Abundant Agent: Jennifer J Hope Mills Davis Living Consulting 3627 Dornoch Agent: JULIA M EBAUTOS Geisinger Agent: Robert Drive D RAY Corporation LLC FAYETTEVILLE Cristian Hernandez Covan Fayetteville INC American Agoge International Inc. Agent: William R PH&L Afterschool GP Solutions LLC 663 Horseshoe Project J & A PAINTERS 715 C Whitfield Rankins Facility #2 LLC 5075 Morganton Rd 2800 Raeford PRO LLC Street 600 Rainforest Rd Rd STE 10C Fayetteville Road Suite 2 1084 PROGRESS Fayetteville Mark Pike D.M.D. Fayetteville Agent: EMMANUEL Hope Mills Fayetteville ST Agent: Paula West Agent: Kimberly A. Agent: Michael C. Agent: Alex BAUTISTA ABREU Fayetteville P.L.L.C. Malloy Lamarre Alexis Blackburn Agent: JACINTO 2006 Galax Vision In Motion Pine Hill Provi MORALES SANDrive LLC Families Matter Prime Cleaning Olympus Tax sions LLC CHEZ Fayetteville 6399 Bingham Early Development Solutions LLC & Maintenance 3505 Tree Ring Agent: Mark W. Place LLC Solutions LLC 5075 Morganton Ct 10 Robeson St. Pike Fayetteville 1860 Strickland 3732 Queen Anne Fayetteville Road 10C Investments LLC Bridge Road Fayetteville 3102 N Main St Agent: Jamie Lynn Loop Apt. 305 Agent: Wayne La Dama Mexican Tilke Fayetteville Agent: Patricia Horstine Brooks Jr Fayetteville Hope Mills Bar & Grill LLC Agent: Victoria Agent: Tonelli D Amaya 3041 N Main st. Agent: Christopher Frye Moore RAM Custom G Roberts Housing Mentors Suite A. Investments LLC 8230 English Saddle Dr Fayetteville Agent: Bobbi L Eubanks
Anniegirls LLC 9565 Cliffdale Rd #150 Fayetteville Agent: Peggy Walker
Builders Inc. 900 Hope Mills Road Fayetteville Agent: Adam Coon
Hope Mills Agent: Krystal Tessa Hernandez Red Beard's Peppers LLC 3912 Fox Meadow Ln Hope mills Agent: Vernon Clyde Pond III Trepa Technologies LLC 4742 US HWY 301 Hope Mills Agent: Amanda Aldecoa R & K Futures LLC 5615 Sambo Jackson Rd Wade Agent: James A Bain ThrowBack Collaboration Band LLC 1630 Tryon Drive Fayetteville Agent: Richard Ian Bradford Sr Elite Signature Solutions LLC 6208 Castlebrooke Ln Linden Agent: Megan Elizabeth Smothers Byrd Maui Contracting LLC 552 TREESIDE DR Fayetteville Agent: Naomi Alohalani Alphin-Roberts Roberts IT Solutions LLC 4214 BuckHurst Hope Mills Agent: Jefferson Scott Roberts Mark Blais Realty
Greater Fayetteville Business Journal
bizfayetteville.com
February 9, 2024 - February 22, 2024
Page 17
BIZ LEADS
1660 Sykes Pond Agent: Esperanza McIntyre - Scarlett Rising Stars Drive Apartment Fayetteville Rd Uera Thomas 204 Agent: Henry Childcare LLC Fayetteville SEVEN HORSE Tyson 6771 Longparrish Fayetteville Agent: ShawnteMEN BILLARDS Waugh Rentals Agent: Villette Ct sha Shameika La LLC LLC Rachelle Jones Emma Hope PhoFayetteville Nelle' Ingram 715 WEST ROWAN Agent: Safie 3805 Burlington tography LLC STREET Dr Maple Masters 2406 Elmhurst Kamara T&C Towing & J&N Logistics Fayetteville Fayetteville LLC Drive Transportation LLC Agent: Michael L Agent: Jeffery 416 Timberline Fayetteville M-POWER'D LLC 25502 Cliffdale Hayes Fashions LLC Elton Waugh Drive Agent: Emma RD RSP Homes LLC Fayetteville Hope Freeman 6759 Tabor 2110 Broadman Church Rd Richter Anesthesia Fayetteville 3913 Sarasota Joy In Learning Agent: David A Ave Fayetteville Agent: Naquell Ivy Drive Discovery Center Tremmel PLLC Forever HomeFayetteville Agent: Brett A Walker Fayetteville LLC 256 Hugh Shelton stead L.L.L.P. Agent: Angela McDonald Agent: Randi 108 Hay St Ste Donald Pate InteLoop 5501 Quarter Dunston NEXXXT LEVEL Rachelle Pennings 212 Fayetteville Pole Ln rior Trim L.L.C. Goodies Southern Agent: Brad A ENTERPRISE INC Fayetteville Hope Mills 8443 Sunning Sarah's Angel Grill LLC 3521 MADISON ONE2THAgent: Cherene Agent: Jennifer Court Richter Homecare LLC 837 Pecan Grove AVENUE REE4-TWELVETHIR- Comick 623 Fairbluff Dr Saint Pauls Doyle Loop Fayetteville TY4LLC Agent: Donald Godbold Agency Hope Mills Hope Mills Agent: VICTOR J 828 Bellingham MLW Solutions Optimize U FayBruce Pate Jr. LLC Agent: Eunice Agent: Clifton SMITH Way LLC etteville PLLC 1893 Dunn Eaddy Goodson Fayetteville 269 Westwood Taste of New 336 Whitestone Road Gra-Mar Enterpris- Agent: Tamika Dr Orleans LLC Dr. Eastover Sportsville Cards es LLC JL Mortuary Taylor Fayetteville 3832 Harden Rd Fayetteville Agent: Taylor and Collectibles 6011 Ecru Ct. Transport Services Brooke Godbold Agent: Michael L Hope Mills Agent: Brandon L.L.C. Fayetteville LLC Spells Before Agent: Edward Penebacker Williford 3712 Ramsey Agent: Brandon 932 Country Club EDC Solutions Lands LLC Johnson Jr Street Lee Harvey 727 Emerald Drive Jose's Garage Drive Lot 600 LLC Exceptional Fayetteville Fayetteville Recto Ghost WritChild-Centered Fayetteville LLC Agent: Andrew 3648 Metric Talon Solutions Agent: James C Solutions LLC Agent: Quintin L 1401 Hope Mills Ralph Dempster Jr. ers LLC Drive Group LLC Lilly 2449 Celtic Drive 7705 Spurge Patterson Rd Hope Mills 9660 East Reeves Fayetteville Drive Fayetteville DaSweetest PlanAgent: Omari Bridge Road Blueprint T&F Agent: Barbara M Fayetteville Son Shine Bakery Agent: Michael ning and Event Grant Linden Agent: Omar Sabir Scriven LLC LLC. Joel Sanchez LLC Agent: Lisa Craft #1306 5075 3028 Southridge 305 S Racepath Native Hauling Ct Cross Creek AnaFirst Stop TC LLC Morganton Rd A.N. HOGAN LAW Street LLC Superb Medical Fayetteville 1250 Western lytics LLC Fayetteville PLLC Fayetteville 3326 Nato Rd Delivery LLC Agent: BRANDON Blvd 7051 Evanston Agent: Tabatha 3013 Raeford Rd Agent: Keisha Fayetteville 3011 Town Center Marie Kirby MCDOUGALD Agent: Tyson St Ste A Moneke Cooper Jacksonville Dr Ste 130 Unit Agent: Marcella Fayetteville Fayetteville Edward Locklear II #176 AT Tax Services Jeanise Sutton Agent: Richard Vagos Nightclub Agent: Andrea N. LUVS Trucking Fayetteville Duane Johnson LLC LLC Hogan LLC On Call Staffing Agent: Tammy BLK OUT L.L.C. 308 Barrett St 3041 N Main st 6912 ARDEN CT LLC Wynette Richard1200 Murchison Pragat Guruhari Fayetteville Suite B Stratus Entertain- Fayetteville Fayetteville son Road LLC Agent: Angela ment INC Hope Mills Agent: MARKEE Agent: Tinisi 2712 Crestridge Tapia Quincy Young 1933 Pamalee STRICKLAND Fayetteville Agent: Krystal Royal Touch 360 Agent: Marcus Ct Drive Tessa Hernandez LLC Battle Fayetteville A Woman's Touch Fayetteville EXCEPTIONAL K & L Jackson 5075 Morganton Agent: Shailesh Contracting Inc. Agent: Montietta REALTY GROUP Come Thru LogisLLC Rd STE 10C tics LLC Strategic PlumbPatel 100 Hay Street Shanice Wilson Limited Liability 525 Rob Fayetteville ing Solutions Two Ste 503 625 Marshtree Company (LLC) Rd Agent: Reggie The-Scented-Bar Fayetteville 2310 Cumberland LLC Lane Unit 305 Sea to Summit Stedman Magwood 5614 Weatherford LLC Agent: Abundant Gap Drive Apt Fayetteville Capital Agent: Kunthy 7641 BranchRd Living Consulting 204 Agent: Katrina Investments LLC Pech Jackson PH&L #2 AfterFayetteville wood Circle Corporation LLC Fayetteville La'Net Gibson 100 Hay school Facility Fayetteville Agent: Gene Austin Agent: Joe Riley Street PsyTech ConsultInc. Thomas Culinary Ray Hopson Agent: Elizabeth ing LLC Deva Dizine LLC Ste 503 600 Rainforest Ann Sanders Services LLC 3121 Bogota Ct 3125 Wisteria Ln Fayetteville Apex Vistar Inc. Rd 5712 Gentleman Kids Safe Haven Fayetteville Apt 102 Agent: Abundant 109 Hay Street Preservation In Hope Mills Drive LLC Agent: Christopher Fayetteville Living Consulting Suite 202 Color LLC Agent: Kimberly Hope Mills Stangle Agent: Eva Elaine Corporation LLC 1416 Deer Trail LLC 809 Pecan Grove Loop Hope Mills Agent: Mark Allen Blais Jr
A. Malloy A-TEAM OPERATIONS LLC 807 Turkey Ridge Dr Fayetteville Agent: Tylicia Andrews
Page 18
RESIDENTIAL REAL ESTATE
Greater Fayetteville Business Journal
February 9, 2024 - February 22, 2024
bizfayetteville.com
>>
By Thomas Manning
State of real estate
LONGLEAF PINE REALTORS TO BRING MEMBERS OF THE REAL ESTATE COMMUNITY TOGETHER TO EXAMINE THE 2024 HOUSING MARKET
L
ongleaf Pine REALTORS®, Inc. will host their annual State of the Real Estate Market Conference on Tuesday, Feb. 13, at the Crown Complex in Fayetteville. From 11:45 a.m. until 1:45 p.m. the trends of the real estate industry will be discussed and analyzed by market experts based on extensive research. Featured speakers for this event will include Dr. Lawrence Yun, National Association of REALTORS® Chief Economist and Loren Hill, Carolina Core Regional Economic Development Director. “The goal of the event is to educate people on what’s truly going on in the market versus what is portrayed in the media and nationwide,” said Megan Gerber, President of the Longleaf Pine REALTORS®. “It addresses nationwide statistics, but they really do go in-depth on our local market. And I think that’s important for people, because there are buyers afraid to buy and sellers afraid to sell right now and I think it’s just from not enough knowledge on what is actually happening with the market.” Dr. Yun will speak for a 30-minute segment at State of the Real Estate Market. He supervises the Research group at the National Association of REALTORS® (NAR), consistently providing analysis in areas such as home sales, affordability and buyers and sellers reports. His studies and observations reach the 1.5 million members of the NAR and inform the approaches they take in their daily work. Additionally, Yun develops outlooks for the NAR and takes part in economic forecasting panels such as the Blue Chip Council and Wall Street Journal Forecasting Survey. His insight at State of the Real Estate Market will aim to examine the patterns of the real estate business in 2023 and gauge the potential future path of the industry in 2024. Loren Hill has more than 25 years of experience in regional and local economic development in North Carolina and will share about his role as Carolina Core Regional Economic Development Director. The Carolina Core is the region within central North Carolina that stretches approximately 120 miles from just west of Winston-Salem to Fayetteville. This development corridor has produced 19,000 new jobs in recent
PHOTOS PROVIDED BY LONGLEAF PINE REALTORS®
Featured speaker Dr. Yun will speak for a 30-minute segment at State of the Real Estate Market and Loren Hill will share about his role as Carolina Core Regional Economic Development Director and their current work on gauging housing needs in the area.
years, with additional major projects in the works such as Toyota Battery Manufacturing, North Carolina, the Overture Superfactory (the first full manufacturing facility for Boom Supersonic) and the VinFast North Carolina Manufacturing Plant. Under the Piedmont Triad Partnership, the NC Carolina Core is also currently working on a Housing Needs Assessment in conjunction with 11 local real
estate associations. This operation is surveying employers and the public alike in a mission to take stock of housing needs in the region. Speaking to the valuable acumen that Dr. Yun and Hill bring to State of the Real Estate Market, Gerber noted their communication style, which is not only highly informative, but also clearly understandable and coherent. “They break it down to
very sustainable information that you can walk away with,” Gerber said. “And they have a personality, so it’s not going to be a boring event – it’s going to be very educational, but they put their spin on it. And they make sure that you walk away understanding – where, if you are a buyer or seller – you understand how it affects you personally.” Following the addresses from Dr. Yun and Hill, Longleaf Pine REALTORS® CEO Zan Monroe will close out the State of the Real Estate Market, with a discussion focused on local data, intending to provide guidance to attendees on accessing detailed market research on a county-by-county level. The State of Real Estate Market Conference is not open to the public, but interested parties can contact Longleaf Pine REALTORS® at 910323-1421 to register for a spot at the event. The event has a limit of 300 guests. Learn more about the Longleaf Pine REALTORS® and their mission online at www.longleafpinerealtors.com.
Greater Fayetteville Business Journal
February 9, 2024 - February 22, 2024
Time for Your Business to Save with Time-of-Use Rates
Winter Peak Hours (November - March) For PWC Electric Customers
As a small business, you can save money on your energy bills with PWC’s Time-of-Use billing. Power used during Peak Hours is billed at higher rates (just four hours a day), and power used during Off-Peak Hours is billed at 29% lower rates. During the winter schedule – from November 1 through March 31 – Peak Hours are weekdays from 6:00 am – 10:00 am. Some things you can do to shift your usage and conserve power during Peak Hours: •
Use a programmable “smart” thermostat to keep your heat at the lowest comfortable temperature during Peak Hours and avoid allowing employees to adjust thermostats. Consider setting the schedule to preheat your building(s) during Off-Peak Hours (before 6:00 am), then lower the heat from 6:00 – 10:00 in the morning.
•
Schedule non-essential equipment to run during Off-Peak Hours. When possible, schedule required equipment to run sequentially (not concurrently) during Peak Hours.
•
Educate your employees on Time-of-Use, encouraging them turn off lighting and equipment they don’t need during Peak Hours and perform non-urgent, high energy-use tasks after 10:00 am.
•
The Whole Business (Super Off-Peak) Rate will not be affected by the change to Winter TOU.
For more details on PWC’s Time-of-Use billing: FayPWC.com/Time-Of-UseRates-For-Non-ResidentialCustomers/ See Business Conservation Resources for more ways to save. 17682
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Off-Peak Hours AM Peak Hours
6-10 AM Weekdays
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Greater Fayetteville Business Journal
February 9, 2024 - February 22, 2024
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