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N.C. Gov. McCrory calls for preservation tax credit renewal in Salisbury appearance

N.C. Gov. Pat McCrory says renewing the state’s historic preservation tax credits is vital to communities small and large because they bring jobs and economic development throughout North Carolina.

He remembers attending Catawba College in the 1970s when students “didn’t come to downtown Salisbury.” Today after 40 years of redevelopment, it’s a vibrant spot for businesses and residents.

“Now downtown is a destination,” McCrory says, speaking this morning in Salisbury. He and Susan Kluttz, secretary…

Nob Hill’s Toad Road: Local shopping ‘more human than big boxes or mouse clicks’

The Nob Hill corridor is known for its popular independent restaurants and unique, locally owned boutique retailers. But the retail offerings have dwindled a bit in recent months with the closures of The A Store, Savvy Boutique and Dawg Gone Good, to name a few. There are stalwarts that continue to weather the big box and online storm, like Izzy Martin, Elsa Ross, Beeps, Birdland and many others. New retailers have opened and flourished, too — such as Julia Jones’ Kouture Konsignment.

Toad Road…

Chestnut Hill apartment complex sells for $25M

A New York real estate investment firm has acquired Chestnut Hill Tower, a 228-unit apartment building at 7600 Stenton Ave. in Philadelphia, for $24.5 million, according to property records.

Eagle Rock Advisors, through its UOB Eagle Rock Multifamily Property Fund, bought the complex from two entities affiliated with Premier Properties of Lakewood, N.J., which bought the Chestnut Hill Tower in 2012 for $16.75 million. The 18-story high-rise sits on just over five acres and includes 12 ground-floor…

World of Beer headed to Rookwood Exchange?

It looks like World of Beer has found a home in Cincinnati.

World of Beer, a craft beer tavern that sells more than 500 brews from around the globe, has centered on Rookwood Exchange for its first location in the region.

World of Beer would lease about 4,000 square feet of space on the ground floor of Rookwood Exchange’s 250,000-square-foot mixed-use building.

J.R. Anderson, vice president of development at Jeffrey R. Anderson Real Estate Inc., said there are still steps that need to be taken…

Solar bill sails through Georgia House

Undeterred by the rainy weather outside, members of the Georgia House of Representatives unanimously passed legislation Monday expected to give the state’s solar industry a big lift.

The bill, which now moves to the state Senate, would for the first time let Georgia property owners use third-party financing to have solar panels installed at their homes or businesses.

“The way the law is currently written, if you put power panels on your house … you are a power company and are violating the [Georgia]…