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Five years ago, Sheila Duncan had just been laid off from her job in the design industry and, like many of us who face disappointment, she turned to comfort food – not for herself, but for her friends and neighbors.
Raleigh-based Highwoods Properties has acquired One Bank of America Plaza, one of the Triangle’s biggest office buildings. The acquisition includes the four glass retail pavilions on Fayetteville Street’s City Plaza.
New mortgage-lending rules designed to curb the abusive practices that were widespread in the lead-up to the financial crisis took effect Friday. For the most part, the new rules read like common sense, and speak to just how lax lending standards became during the bubble.