Business Briefs: Mohawk adding 40 employees

Calhoun, Ga.-based Mohawk Industries is the largest flooring manufacturer in the world.
Calhoun, Ga.-based Mohawk Industries is the largest flooring manufacturer in the world.
photo Cars drive past the James Building in downtown Chattanooga on Wednesday, April 15, 2015.

James Building sold for $5.8 million

A downtown Chattanooga skyscraper has a new owner.

The 109-year-old, 12-story James Building at 735 Broad St. has been sold for $5.8 million.

The 128,817-square-foot building was sold by a limited real estate partnership formed by the former owners of Rivermont Golf and Country Club, which bought the structure about two years ago for $5.1 million. The Mitts family sold the former Rivermont golf course in 1995.

The building's purchaser is Dew James LLC.

The James Building was designed by architect R.H. Hunt and built by Signal Mountain developer C.E. James in 1907. The original steel-and-concrete building was expanded to the north in 1917 to add another 48 rooms.

Thrive 2055 named finalist

Thrive 2055, a collaborative regional initiative hosted by the Chattanooga Area Chamber of Commerce, has been named a finalist for a national award presented by the Association of Chamber of Commerce Executives.

Thrive 2055 focuses on engagement of the tri-state, 16-county region around Chattanooga to make the most of economic opportunities while preserving what makes the region unique.

Entries from three other organizations - Mason City Chamber of Commerce in Iowa, Greater Rochester Chamber of Commerce in New York, and Nashville Area Chamber of Commerce, have been named finalists for the award, which will be presented August 10 in Savannah, Ga., at ACCE's annual convention.

photo Contributed photo / CBL & Associates Properties Inc. corporate headquarters are in Chattanooga.

CBL closes on Michigan mall sales

CBL & Associates Properties Inc. on Friday announced it closed on the sale of Fashion Square Mall in Saginaw, Mich., and The Lakes in Muskegon, Mich. The malls were sold to a private buyer for an aggregate price of $66.5 million, including the assumption of a $38.2 million loan secured by Fashion Square.

Net proceeds from the sale were used to reduce outstanding balances on the Chattanooga-based company's lines of credit.

"This disposition marks another milestone achievement for CBL, having now completed transactions on 11 lower-productivity regional malls since introducing our portfolio transformation strategy in April 2014," said Stephen D. Lebovitz, CBL's chief executive.

photo Calhoun, Ga.-based Mohawk Industries is the largest flooring manufacturer in the world.

Mohawk adding 40 employees

The Georgia Department of Labor will help Mohawk Industries recruit more than 40 manufacturing employees to work at several Calhoun, Ga., locations.

The recruitment will be held on Aug. 2 from 10 a.m. to 4 p.m. at the Gordon County Agricultural Center at 1282 Highway 53 Spur SW. GDOL staff will be on site to help screen applicants.

The company is recruiting sewing and tufting machine operators, along with press and press image transfer operators.

For the tufting machine operators, a high school diploma, or a General Education Diploma, and six months of related experience is required.

photo Etowah's Waupaca Foundry.

Waupaca receives Bosch award

Waupaca Foundry, a Hitachi Metals Group company with a plant in Etowah, Tenn., has received the Bosch North American Supplier Award at its North America supplier meeting in Mexico City.

Waupaca Foundry's Plant 1 in Waupaca, Wis., supplies gray iron castings used in mobile hydraulic assemblies manufactured at Bosch's Fountain Inn South Carolina plant.

The foundry was honored for achieving high levels of quality, pricing, reliability, technology and continuous improvement.

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