Black Wall Street Investments launches out of RTP

Black Wall Street Investments, a new crowdfunding investment firm aimed at supporting and investing in minority entrepreneurs and technology startups, has launched out of Research Triangle Park’s co-working space The Frontier. The firm has two funds: a $25 million micro-equity fund and a $5 million “tech disrupt” fund that will focus on mid to late stage tech startups. The firm's founder Chris Shella explained; "Black Wall Street Investments is not just for tech entrepreneurs but entrepreneurs across all sectors, including people in Durham, even if “you just want to start a bar or a restaurant.”

Incubator for entrepreneurial veterans launches at RTP

Bunker Labs, launched Tuesday at Research Triangle Park’s The Frontier. Bunker Labs has locations across the country to help existing veteran-owned technology startups grow, plans to capitalize on being in a state where nearly 10 percent of the population is comprised of veterans. 

XRpro Sciences acquires Icagen assets

XRpro Sciences has acquired the assets of Icagen, a drug firm from parent company Pfizer. XRpro is paying Pfizer $500,000 up front for the Icagen name, technology and employees plus "earn outs" for as much as $10.5 million.

New Buildings Go Up in RTP

Liberty Property Trust, a Pennsylvania real estate investment trust, has broken ground on two speculative industrial and flex buildings at Liberty Ridge near Research Triangle Park. The buildings include a 58,500-square-foot building at 1951 T.W. Alexander Dr. and a 126,000-square-foot building at 1953 T.W. Alexander Dr.. Both buildings are expected to be completed in December and both will be LEED-certified.

Durham's RTP COO to retire at the end of 2015

Elizabeth Rooks, executive vice president and chief operating officer of the Research Triangle Foundation, will retire after twenty-five years with the organization.

Durham Marriott hotel sells for $16M

The Durham Courtyard Marriott at  1815 Front Street, a recently renovated 146-room select-service hotel in Durham has been sold to Lightstone REIT for $16 million.

Durham Office Park For Sale

Headquarters Park, a two-building, 147,477-square-foot office campus near at 2222 NC Highway 54 in Durham, has been put up for sale by Transwestern Investment Management.

RTP named winner of national STEM competition

The Research Triangle Park has been named grand prize winner of the US2020 competition and will have $1 million in funding for a mentorship and leadership program.