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Leasing momentum builds for South End's newest and emptiest office tower
Leasing momentum builds for South End's newest and emptiest office tower

Axios

time23-05-2025

  • Business
  • Axios

Leasing momentum builds for South End's newest and emptiest office tower

After standing largely empty for over a year, the 110 East office tower in South End is expected to be at least 40% leased in the next 30 to 45 days, as Trinity Partners confirms new office tenants. Why it matters: Leasing interest in 110 East, a $186 million tower completed in March 2024, has become an informal indicator of the Charlotte office market's recovery. If the office is going to make a comeback anywhere in Charlotte, it's likely South End's newest Class-A tower, as prospective tenants seek out state-of-the-art facilities in hip neighborhoods, a trend known as the " flight to quality." What they're saying: Trinity Partners' team says 110 East's location draws interest from companies ranging in types and sizes. The building touts amenities like a sky lobby, conference room and a 4,000-square-foot fitness center. 110 East is a spec building, meaning the development team built it without any tenants lined up. Despite leasing interest, however, the property doesn't yet have an anchor tenant. The latest: SouthState Bank is the newest tenant announced. The Florida-based bank will relocate its regional headquarters from SouthPark to 110 East, filling 40,000 square feet — about a floor and a half. SouthState Bank will bring in more than 100 workers, with room for growth, when it moves into the space in the second quarter of 2026. Catch up quick: Humana, a healthcare administration company, and Patterson Pope, a storage solution company, have leased nearly 20,000 square feet combined. The entire building is 370,000 square feet, including a nine-story parking deck. On the ground, a Spanish tapas restaurant has announced plans to open in 2026, taking up about 4,600 square feet along the light rail platform. "The Iberian Pig is going to be one of the most exciting restaurant openings in South End," says Adam Williams with Rebel Rebel, the firm handling retail leasing. "They're already just super successful in Nashville and Atlanta." Its restaurant group, Castellucci Hospitality Group, was awarded a Michelin star for its sushi restaurant Mujō in Atlanta. Williams says the remaining roughly 1,000 square feet could be a healthy, fast-casual coffee business, which would make sense for serving pedestrians along the light rail and rail trail. The big picture: Although South End is Charlotte's most resilient office market, office vacancies persist across the city. That's raised alarm bells for city leaders concerned about a potential drop in property tax revenue. Uptown offices are around 25% vacant, while South End is about 20%, according to CBRE's Q1 report. "There have been some grim headlines for office in general, but I think if you're looking at well-amenitized Class A and trophy product in the Charlotte area, it's seen good activity across the board," says John Hannon, director of office brokerage at Trinity Partners. Hannon says Charlotte's seen a fair share of leasing activity from local relocations and new-to-market groups. Trinity's team is showing 110 East several times a week, he says. What's next: Also on the 110 East campus, Stiles is redeveloping The James Building, a 100-year-old, 10,000-square-foot, two-story property formerly home to Tupelo Honey. Rebel Rebel is also marketing the former home of The Manchester, which spans about 7,500 square feet and two floors. Both restaurants closed before 110 East became a construction zone. "We've got some deals that look really good," Williams says.

Man arrested for sexual crimes against children
Man arrested for sexual crimes against children

Yahoo

time10-04-2025

  • Yahoo

Man arrested for sexual crimes against children

( — A 39-year-old man was arrested last month for multiple sex crimes against children in California and Nevada, according to the Sacramento County Sheriff's Office. Video Above: Efforts by law enforcement to stop AI-generated child sex abuse images The Sacramento Valley Hi-Tech Crimes Task Force discovered a Google account uploading newly created videos and images of child sexual assault material (CSAM) in Sacramento County. Detectives identified the account holder as Adam Williams, according to the sheriff's office. Police found that Williams had recorded himself performing various acts of sexual abuse with multiple female children within the age range of infant to pubescent over several years. Sonoma County man arrested for sexually assaulting dog, deputies say Williams was arrested on March 28 and was also found to have thousands of CSAM images involving toddlers prepubescent children, and pubescent children, along with artificial intelligence CSAM images as well, according to authorities. Detectives counted 10 girls among Williams' victims, but say they fear there are more. Williams is being held on a $1,000,000 bail for charges including: Lewd and lascivious acts with a child under the age of 14 Lewd and lascivious acts with a child 14 or 15 years old while being at least 10 years older Possession of child pornography ​Possession in excess of 600 images of child pornography ​Production of child pornography Production of child pornography for commercial purpose The sheriff's office asks the community to call (916) 874-5115 if they are aware of any more possible victims that Williams may have contacted. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Imported wine prices set to surge as new Trump tariffs shake up small businesses
Imported wine prices set to surge as new Trump tariffs shake up small businesses

USA Today

time09-04-2025

  • Business
  • USA Today

Imported wine prices set to surge as new Trump tariffs shake up small businesses

Imported wine prices set to surge as new Trump tariffs shake up small businesses Show Caption Hide Caption Atlanta wine store owner braces for Trump tariffs Adam Williams, owner of Ansley Wine Merchants in Atlanta, Georgia said, 'A 20 percent increase on European wines is huge, because European wines are about 80 or so percent of the wine in the store." Adam Williams, 57, owner of Ansley Wine Merchants in Atlanta, said he was bracing for the worst on Wednesday, as President Donald Trump's tariffs are set to kick in, which will spike costs of the imported wines and liquors he sells. "That means everything will go up," he said, including the customer favorite, a 2023 vintage Sancerre from France which can cost $45. The Trump Administration has said it will institute a 20% tariff on goods from the European Union, which would cause the price of a bottle of wine to surge past what a casual customer would pay. Tariffs hit small business: Kentucky's $9 billion bourbon industry caught in the crossfire of Trump trade war Other wine merchants are worried too. The National Association of Wine Retailers in a statement released over the weekend said it expected "significant revenue reductions, layoffs, and business closings." The U.S. imports more wine from the European Union than any other part of the world, led by France and Italy. Sales of French wine and spirits could drop by at least 20% when the tariffs go into place, the French wine and spirits exporters FEVS said last week. The National Association of Wine Retailers, a U.S. trade group, said any hope for tariffs spurring sales of domestic wines "is misplaced. When faced with the higher prices that will result from the across-the-board tariffs, consumers will rein in their spending. The first thing they cut back on is non-essential items like wine." Williams has 1,500 different labels and has tasted them all, and most of his stock comes from overseas. "I haven't started losing sleep yet, but maybe I should be already," Williams said. "I just don't know how bad this is going to be, but 90 percent of my labels are from overseas, France, Italy. All from small family-owned vineyards. Small producers. Not the mass-produced grocery store wines." He said there have been hardly any new shipments from overseas because distributors and importers are in "wait-and-see" mode. If the tariffs hit like he thinks, he said, "I'm not sure what will happen. I have eight employees who are like family. I have to look out for them. But what's going to happen here, I don't know." "But I won't sell mass-produced wine," he said. "The bottom line is, prices are going up," said Ryan Stanton, general manager of a mid-sized wine importing company, Ultimate Wine Distributors, based in Atlanta. "Buy America is great in theory, but there are a lot of things that we don't and can't make in America," he said. "We have a lot of wine ready to set sail in France, but it's just parked there as everyone waits to see what happens. It's in negotiations. We're waiting for the dust to settle," he said. Reporting by Rich McKay in Atlanta; Editing by David Gregorio

US wine sellers worry as Trump tariffs set to hit Wednesday
US wine sellers worry as Trump tariffs set to hit Wednesday

Reuters

time08-04-2025

  • Business
  • Reuters

US wine sellers worry as Trump tariffs set to hit Wednesday

NEW YORK, April 8 (Reuters) - Adam Williams, 57, owner of Ansley Wine Merchants in Atlanta, said he was bracing for the worst on Wednesday, as President Donald Trump's tariffs are set to kick in, which will spike costs of the imported wines and liquors he sells. "That means everything will go up," he said, including the customer favorite, a 2023 vintage Sancerre from France which can cost $45. The Trump Administration has said it will institute a 20% tariff on goods from the European Union, which would cause the price of a bottle of wine to surge past what a casual customer would pay. Other wine merchants are worried too. The National Association of Wine Retailers in a statement released over the weekend said it expected "significant revenue reductions, layoffs, and business closings." The U.S. imports more wine from the European Union than any other part of the world, led by France and Italy. Sales of French wine and spirits could drop by at least 20% when the tariffs go into place, the French wine and spirits exporters FEVS said last week. The National Association of Wine Retailers, a U.S. trade group, said any hope for tariffs spurring sales of domestic wines "is misplaced. When faced with the higher prices that will result from the across-the-board tariffs, consumers will rein in their spending. The first thing they cut back on is non-essential items like wine." Williams has 1,500 different labels and has tasted them all, and most of his stock comes from overseas. "I haven't started losing sleep yet, but maybe I should be already," Williams said. "I just don't know how bad this is going to be, but 90 percent of my labels are from overseas, France, Italy. All from small family-owned vineyards. Small producers. Not the mass-produced grocery store wines." He said there have been hardly any new shipments from overseas because distributors and importers are in "wait-and-see" mode. If the tariffs hit like he thinks, he said, "I'm not sure what will happen. I have eight employees who are like family. I have to look out for them. But what's going to happen here, I don't know. "But I won't sell mass-produced wine," he said. "The bottom line is, prices are going up," said Ryan Stanton, general manager of a mid-sized wine importing company, Ultimate Wine Distributors, based in Atlanta. "Buy America is great in theory, but there are a lot of things that we don't and can't make in America," he said. "We have a lot of wine ready to set sail in France, but it's just parked there as everyone waits to see what happens. It's in negotiations. We're waiting for the dust to settle," he said.

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