Statewide: Eastern region, August 2014

 In 2014-08

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STATEWIDE Eastern Region

""Golf course gains new champion

Raleigh developer DeWitt Carolinas is betting on renewed interest in golf-course living in Beaufort by acquiring North River Club golf course and reviving plans for a 316-acre residential development. Belmont, Calif.-based JMP Golf Design Group built the 275-acre course in 2005, but the residential project — zoned for more than 1,500 lots about 5 miles north of Beaufort’s waterfront — stalled in 2007 when the Great Recession sank many coastal projects. Only about 40 homes are completed. The original lender, Moyock-based The Bank of Currituck, was sold in 2010 to Suffolk, Va.-based TowneBank. DeWitt, which bought the property over the past year, and plans call for a 6,000-square-foot clubhouse this year and a pool and cabana next year. DeWitt is owned by CEO and President Todd Saieed and Ven Poole, who is also president and CEO of Raleigh-based Waste Indus-tries. The company has developed about $750 million of real estate in the Carolinas over 40 years. It announced a $50 million, six-story apartment project in downtown Wilmington in March.


ELIZABETH CITY — Duke Energy Renewables, a subsidiary of Charlotte-based Duke Energy, will build three solar farms totaling 52 megawatts near here by the end of 2015. American University, George Washington University and George Washington University Hospital, all in the District of Columbia, will buy electricity from the sites, which will generate 123 million kilowatt hours of electricity per year. That’s enough to power 8,200 homes. It will be the largest photovoltaic solar project east of the Mississippi River.

WILMINGTONAAIPharma Services named Stephan Kutzer chief executive officer, effective Aug. 1. He replaces Patrick Walsh, who resigned in April after about four years in the post. Kutzer also will serve as CEO of Germantown, Wis.-based Cambridge Major Laboratories, which merged with AAIPharma in October. He was chief operating officer of Basel, Switzerland-based Lonza Group.

WILMINGTONNew Hanover Regional Medical Center entered into a shared-services partnership with Carolinas HealthCare System, seeking to reduce costs by combining purchasing power. The Charlotte-based health system also will provide clinical consulting services for the 769-bed hospital, which employs more than 6,000 here.

WILMINGTON — Gary Miller resigned as chancellor of UNC Wilmington effective July 31 to take the same position at University of Wisconsin-Green Bay. William Sederburg, a former Michigan state senator and commissioner of the Utah System of Higher Education, was named interim chancellor. The board of trustees will form a search committee to find a permanent successor.



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