Latest news with #Triangle
Associated Press
5 days ago
- Business
- Associated Press
The Rise of Walkable Suburbs: Where Raleigh-Durham Families Are Heading Next
CHAPEL HILL, NC / ACCESS Newswire / June 24, 2025 / More families in the Triangle are following the nationwide trend and looking for homes in walkable suburbs. While schools and square footage are still major considerations, other aspects of family life are influencing relocation decisions. For instance, if you're a young family, you probably want to be able to walk to parks, coffee shops, and grocery stores. Maybe you desire a healthier, more sustainable lifestyle, or perhaps you simply crave the convenience of getting around safely without a car. Either way, walkability is fast becoming one of the most searched-for features in real estate. If you're looking to buy, here are some stand-out areas where families are going. Fuquay-Varina: the Hottest Local Market Fuquay-Varina is one of the fastest-growing towns in the Triangle. Specifically, its ZIP code 27526 beat over 41,000 others and ranked 20th nationally, according to a study by Opendoor, and it's easy to see why. It has a low crime rate and a small-town feel, with around 45,000 residents, almost double that of 10 years ago. There's plenty of shopping, entertainment, dining, and family-sized homes, with new developments underway to account for the swelling population, so when you begin your local Raleigh-Durham real estate search, Fuquay-Varina should be on your radar. Holly Springs: Great for Community Holly Springs has secured itself as a firm favorite for young families thanks to its clean, organized, and kid-friendly spaces. It's a safe neighborhood, with multiple parks, walkways, and recreational centers. Downtown, you'll find a great variety of shops, cafes, restaurants, and more. The schools are highly rated, and most areas are connected by sidewalks and greenways. It's relatively easy to get around on foot, with a Walk Score of 65. Apex: Historic Charm Apex is famous for being a fantastic place to raise a family, emphasized by its local motto, being the 'Peak of Good Living'. There's a good dose of Southern charm in this safe suburban neighbourhood, with a pedestrian-friendly downtown and amazing walkability between schools and residential areas. Plus, for weekends in nature, there are biking and hiking trails nearby and Jordan Lake State Recreation Area for windsurfing, boating, and other outdoor activities. The Walk Score here is 74, meaning it's very walkable. Durham: Urban Walkability If you're looking for a mix of walkability and city vibe, Durham may be more up your street. In places like Trinity Park, Old West Durham, and Downtown, you can easily live within walking distance of markets, schools, parks, restaurants, and music venues. You still get the close-knit neighborhood feel, but without sacrificing the culture and convenience that comes with inner-city living. Downtown Durham has a Walk Score of 94, earning it the coveted status of Walker's Paradise. This means you can easily take care of daily errands without a car. Endnote Walkable suburbs are in high demand in the Raleigh-Durham area, especially with families. Places like Fuquay-Varina, Holly Springs, and Apex provide plenty of green space, good quality living, and a strong sense of community. If you're looking for somewhere you can walk the kids to school, take a stroll downtown, and leave the car keys at home, these local neighborhoods are a good place to start. Company: Triangle House Hunter Name: Ryan Cassidy Email: [email protected] Address: 318 Cloister Ct Chapel Hill NC 27514 SOURCE: Triangle House Hunter press release
West Australian
6 days ago
- Business
- West Australian
Pilot, Triangle lock in Cliff Head transfer for carbon capture play
Pilot Energy has locked in the purchase of the West Australian-based Cliff Head oil facility from former joint venture partner Triangle Energy and will repurpose the asset as a carbon capture and storage facility within its Mid West Clean Energy project. Triangle's remaining 78.75 per cent interest in the Cliff Head oil field within the Perth Basin, held under the current JV, has been transferred to Pilot in exchange for a secured $5.563 million promissory note. The previously announced revised terms of the sale allowed for Pilot's existing debt to Triangle to be converted via the secured note. It matures on September 30, 2026. Interest will accrue from June 30 at 10 per cent and will be capitalised to maturity. Ownership of all onshore and offshore assets falling within WA state jurisdiction has been transferred to Pilot. The assets include onshore processing facilities, the Arrowsmith production plant, Arrowsmith freehold land, infrastructure licences and offshore pipelines within state waters. The pipelines extend 16 kilometres to an offshore platform, with the first 12km estimated to fall within WA waters. The remaining 4km of pipelines are in Commonwealth jurisdiction. Pilot will ask to transfer the project via the National Offshore Petroleum Titles Administrator. The company plans to soon lodge the relevant paperwork with the administrator. Triangle stands to receive a considerable boost to its cash position from the sale. In addition to the secured note funds due next year, the company will receive a one-off $167,000 payment on August 31 this year in recognition of the deferred interest accrual under the secured note. It will receive a further $4.5 million when Pilot receives a greenhouse gas injection licence and up to a further $7.5 million in royalties from the project. Pilot is also looking to sell its Three Springs solar project, also in WA's Mid West region. If that occurs, Pilot has agreed to pay Triangle 30 per cent of the sale proceeds towards its secured debt. Triangle will continue to hold full security over Pilot and its subsidiary company Royal Energy until the debt is repaid in full. Pilot Energy is now champing at the bit to bring in an elite group of investors interested in agreeing on a joint venture to develop and operate the Mid West Clean Energy project. Pilot has a state-owned enterprise (SOE), experienced with carbon storage and capture, locked and loaded to help develop the project. A consortium of South Korean mega-energy firms led by Korea Southern Power Co is also looking to link up with Pilot and acquire a 60 per cent interest to jointly develop the Mid West project to secure a supply of ammonia. The ammonia will be used for hydrogen cofiring in coal-fired power plants in Korea. The Korean Southern Power Co is one of six State-owned power companies and the nation's largest electric utility group. It plans to burn a mix of 20 per cent ammonia and 80 per cent coal at the company's large Samcheok 2044-megawatt thermal power plant in the eastern Korean province of Gangwon-Do, about 120 kilometres from the capital city of Seoul. The consortium comprises Korea Southern Power Co, Korea East-West Power, Samsung C&T and hydrogen producer Approtium. The company plans to repurpose the depleted Cliff Head oil well into a facility capable of storing liquified carbon emissions from WA's industrial emitters. Pilot will create a carbon storage business, charging third-party emitters, to add to its clean energy ammonia project arsenal. Pilot also plans to supply blue and eventually green hydrogen into WA's energy grid, positioning itself as a major supplier as the State looks to cut emissions and help develop sources of cleaner electricity. As Cliff Head swaps hands, both Pilot and Triangle appear to have emerged as winners. Is your ASX-listed company doing something interesting? Contact:
Sydney Morning Herald
6 days ago
- Business
- Sydney Morning Herald
Pilot, Triangle lock in Cliff Head transfer for carbon capture play
Pilot Energy has locked in the purchase of the West Australian-based Cliff Head oil facility from former joint venture partner Triangle Energy and will repurpose the asset as a carbon capture and storage facility within its Mid West Clean Energy project. Triangle's remaining 78.75 per cent interest in the Cliff Head oil field within the Perth Basin, held under the current JV, has been transferred to Pilot in exchange for a secured $5.563 million promissory note. The previously announced revised terms of the sale allowed for Pilot's existing debt to Triangle to be converted via the secured note. It matures on September 30, 2026. Interest will accrue from June 30 at 10 per cent and will be capitalised to maturity. Ownership of all onshore and offshore assets falling within WA state jurisdiction has been transferred to Pilot. The assets include onshore processing facilities, the Arrowsmith production plant, Arrowsmith freehold land, infrastructure licences and offshore pipelines within state waters. 'All the hard work to consolidate ownership of the Cliff Head oil JV assets and infrastructure is beginning to pay off.' Pilot Energy managing director Brad Lingo The pipelines extend 16 kilometres to an offshore platform, with the first 12km estimated to fall within WA waters. The remaining 4km of pipelines are in Commonwealth jurisdiction. Pilot will ask to transfer the project via the National Offshore Petroleum Titles Administrator. The company plans to soon lodge the relevant paperwork with the administrator. Triangle stands to receive a considerable boost to its cash position from the sale. In addition to the secured note funds due next year, the company will receive a one-off $167,000 payment on August 31 this year in recognition of the deferred interest accrual under the secured note. It will receive a further $4.5 million when Pilot receives a greenhouse gas injection licence and up to a further $7.5 million in royalties from the project.
The Age
6 days ago
- Business
- The Age
Pilot, Triangle lock in Cliff Head transfer for carbon capture play
Pilot Energy has locked in the purchase of the West Australian-based Cliff Head oil facility from former joint venture partner Triangle Energy and will repurpose the asset as a carbon capture and storage facility within its Mid West Clean Energy project. Triangle's remaining 78.75 per cent interest in the Cliff Head oil field within the Perth Basin, held under the current JV, has been transferred to Pilot in exchange for a secured $5.563 million promissory note. The previously announced revised terms of the sale allowed for Pilot's existing debt to Triangle to be converted via the secured note. It matures on September 30, 2026. Interest will accrue from June 30 at 10 per cent and will be capitalised to maturity. Ownership of all onshore and offshore assets falling within WA state jurisdiction has been transferred to Pilot. The assets include onshore processing facilities, the Arrowsmith production plant, Arrowsmith freehold land, infrastructure licences and offshore pipelines within state waters. 'All the hard work to consolidate ownership of the Cliff Head oil JV assets and infrastructure is beginning to pay off.' Pilot Energy managing director Brad Lingo The pipelines extend 16 kilometres to an offshore platform, with the first 12km estimated to fall within WA waters. The remaining 4km of pipelines are in Commonwealth jurisdiction. Pilot will ask to transfer the project via the National Offshore Petroleum Titles Administrator. The company plans to soon lodge the relevant paperwork with the administrator. Triangle stands to receive a considerable boost to its cash position from the sale. In addition to the secured note funds due next year, the company will receive a one-off $167,000 payment on August 31 this year in recognition of the deferred interest accrual under the secured note. It will receive a further $4.5 million when Pilot receives a greenhouse gas injection licence and up to a further $7.5 million in royalties from the project.
Business Journals
18-06-2025
- Business
- Business Journals
Micropep partners with Corteva to develop crop protections
2025 40 Under 40 Awards For the 25th year Triangle Business Journal will recognize 40 of the Triangle's best and brightest business and community leaders- all under the age of 40!
