Real Estate - Commercial

Aug 2, 2021

A developer wants to build a community with 1,200 lots for rental, resort-style neighborhoods, along with amenities and commercial space, on Cedar Hill Road in Navassa. For the more than 460-acre project titled, "Cedar Lakes," Wilmington-based Tribute Investment and Development Inc. is seeking a Planned Unit Development (PUD) designation from the town. The ...

Jul 23, 2021

The Efird family has been in the real estate business for more than half a century, with Frank Efird Sr. forming a company in 1965 to build homes in New Bern and Craven County. The Efird Company bought a 1,200-acre farm near New Bern in 1967 that became River Bend Plantation, which incorporated in 1980 to become the town of River Bend.  Frank Efird’s son, ...

Jul 22, 2021

A California-based real estate investment firm aims to transform two motels on Market Street in Wilmington into efficiency apartments. Vivo Investment Group, a company that specializes in such conversions, proposes to turn the Budgetel Inn and Motel 6, both at 4903 Market St., into a multifamily complex with 230 units. Capitalizing on a real estate trend that's e ...

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Reaping The Benefits Of Patience

Posted May 27, 2021
If you have been following our firm, you have probably discovered by now that we embrace a unique philosophy when it comes to investing.

Partner Connor Keller recently shared a great investment analogy of a butterfly and patience in his recent blog. I want to tell you a sto...read entire article
Jul 21, 2021

A Wilmington business park is about to grow again if recent plans come to fruition. A 15,500-square-foot office building would be the 17th and the last in Burnt Mill Business Park for development firm Abinto Corp. Demand has been strong over the years for the park's offerings, said Steve Hall, a partner with Wilmington-based commercial real estate firm Maus, Warw ...

Jul 15, 2021

Developers based in Cary want to build a mixed-use project with apartments and commercial space in Wilmington, on South College Road property that previously held a Honda dealership. The proposal calls for 298 apartments and 15,000 square feet of commercial space that could contain retail, food and/or beverage businesses, on about 6 acres, a rezoning application stated. ...

Jul 14, 2021

The Hemp Farmacy, a business planted in Wilmington in 2016, grows again with its third store in the Port City and eighth location overall. A seller of cannabinoid-based products, The Hemp Farmacy’s latest store reuses a former bank building at 1701 Shipyard Blvd., on the corner of Shipyard and Wilmington medical corridor South 17th Street. “This is a new ...

Jul 6, 2021

Downtown Landmark Graystone Inn Sells For Nearly $2M

By Cece Nunn, posted Jul 6, 2021

A landmark bed and breakfast in downtown Wilmington sold recently for nearly $2 million. The Graystone Inn, built around 1905 at 100 S. Third St., will remain a bed and breakfast and event venue, said one of the new owners, Jamie Alfalla, of Alfalla Hospitality Group LLC. Jamie Alfalla and her husband, Ace, who live in Wilmington, are majority partners in the ve ...

Jul 2, 2021

Industrial Park Gaining Momentum

By Christina Haley O'Neal, posted Jul 2, 2021

Economic developers are working to bring more business to the Pender Industrial Park.   An update to the master plan for the park, located in Burgaw, was completed in February, said Scott Satterfield, CEO of Wilmington Business Development (WBD), the economic development organization serving Wilmington and New Hanover and Pender counties.   WBD and Four Count ...

Jun 29, 2021

A Wilmington-based commercial real estate firm is expanding its property management business and its team with the hire of a local industry veteran. Cape Fear Commercial (CFC) announced Tuesday the addition of Hae Ellis, who is joining the firm as a senior vice president and brings over 30 years of real estate experience to the role, a news release stated. Accor ...

Jun 25, 2021

Construction is nearly complete on a pet boarding and grooming facility in midtown Wilmington, and the company involved has grown again with a purchase in Pender County that will house its corporate office. The firm, Pawville Inc., will soon open Midtown Pawville at 3532 Carolina Beach Road, where crews on Friday were putting the finishing touches on the property anchor ...

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Info Junkie: Michelle Fogle

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Over the past year, the stock prices of Wilmington’s two public fintech companies have followed opposite trajectories....


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