Food Feeds Real-Estate Development In Edgy Areas

“A decade ago, downtown Durham, N.C., looked forlorn and empty. Storefronts and old tobacco buildings stood vacant, and street life was virtually nonexistent. “Everybody had fled to the suburbs or the Research Triangle,” said Scott Selig, associate vice president of Capital Assets and Real Estate at Duke University. “Literally 500 people were living there. The whole town was a ghost town.”  No more. Those old buildings like the American Tobacco plant are packed with restaurants, retail, music venues, startups and established companies.

Read more at Investor’s Business Daily.


Exec: Ansible to give Red Hat employees a Durham outpost, ‘choices’

Red Hat (NYSE: RHT)’s purchase of Durham IT open source startup Ansibledoesn’t just bring in new products – it also brings in a Durham outpost, and one the growing Raleigh company needs, says Joe Fitzgerald, vice president of cloud management for Red Hat.

“I think it gives us a great opportunity,” he says, adding that many Red employees work in Durham. “It gives us options and choices.”

Read more at Triangle Business Journal.



“Fall is here, and with the seasonal change comes one of most widely anticipated flavors of the year-pumpkin! Anticipating the demand for fall flavors, Durham’s restaurants are ready to supply you with all your pumpkin needs. Explore the following list of sweet and savory pumpkin specials that will be on Durham menus this season:”

Read more at the Durham Convention and Visitors Bureau.


Red Hat to Acquire IT Automation and DevOps Leader Ansible

“RALEIGH, N.C. — October 16, 2015 —Red Hat, Inc. (NYSE: RHT), the world’s leading provider of open source solutions, today announced that it has signed a definitive agreement to acquire Ansible, Inc., a provider of powerful IT automation solutions designed to help enterprises move toward frictionless IT. Ansible’s automation capabilities, together with Red Hat’s existing management portfolio, will help users drive down the cost and complexity of deploying and managing both cloud-native and traditional applications across hybrid cloud environments. With today’s announcement, Red Hat expands its leadership in hybrid cloud management, OpenStack and containers.”  Ansible is a tenant on the American Tobacco Campus.

Read more at Red


10 best places to retire on $100 a day

“You can retire sooner or with less savings if you are willing to significantly cut your expenses. One way to quickly lower your retirement costs is to move to a place with a low cost of living.

Reducing your housing costs can add to your retirement savings and make your ongoing bills more affordable. “Downsizing to a less expensive, more manageable house has numerous benefits,” says Paul Staib, a certified financial planner for Staib Financial Planning in Aurora, Colorado. “You could use the proceeds from the sale of your current home to add to your retirement savings, thereby providing a bigger source of retirement income, while significantly potentially cutting other housing-related costs, including property taxes, insurance, utilities and ongoing maintenance and management costs.”

Read more at Yahoo! Finance.


4 U.S. regions quickly becoming major tech hubs

“The next Silicon Valley” may seem like the name of a reality television series.  In all seriousness, the competition to claim the title of America’s Next Big Tech Hub is just as fierce as anything you might see on The Bachelor. As many startups promote themselves as “the Uber of” or “the Airbnb of” their respective industries, many cities around the U.S. aim to align with the hotbed of tech and startup activity that defines Silicon Valley.”



Thrillist: These are the 12 best restaurants in Durham

Last week, I shared entertainment and culture website Thrillist’s choices for “Everywhere Worth Eating in Raleigh.” This week, it’s Durham’s turn.

The list of the ” 12 Best Restaurants in Durham,” penned by the same travel writer and geared to Millennials (including where to take a “hot Tinder date”), is divided into categories such as “best power brunch” and “best outdoor dining.”

Read more in Triangle Business Journal.


Report: Durham’s one of the ’10 Best Cities for Millennial Entrepreneurs

“Durham is the ninth best U.S. city for Millennial entrepreneurs, according to a new report by marketing and hiring website Thumbtack.

The report is based on responses from 18,000 small business owners across the U.S. to Thumbtack’s Small Business Friendliness Survey. Questions covered such areas as friendliness of local tax laws, licensing rules, the regulatory environment and opportunities for training and networking.”

Read more in Triangle Business Journal.