Real Estate - Commercial

Feb 22, 2021

Roundtable Focuses On Downtown Redevelopment Project

By Cece Nunn, posted Feb 22, 2021

A virtual community roundtable Tuesday will focus on Project Grace, a $107 million project that would transform a New Hanover County-owned block in downtown Wilmington into new public and private facilities. Wilmington Downtown Inc. President and CEO Holly Childs will share the current vision and next steps with panelists who include:   Dane Scalise, WDI B ...

Feb 19, 2021

Eleven of the 12 highest-priced real estate sales in New Hanover County in 2020 were apartment deals, according to county tax records. The Wilmington apartment community transactions totaled nearly $360 million. The only non-apartment transaction in the top dozen (coming in at No. 8) was the $21.7 million paid by Publix Super Markets for the Publix-anchored ...

Feb 11, 2021

Tractor Supply Co. Coming To Surf City

By Cece Nunn, posted Feb 11, 2021

A developer recently purchased a little over 3 acres in Surf City for the site of a Tractor Supply Co. store.  Surf City Development Group LLC paid $530,000 for the property at 22761 U.S. 17 in the Pender County town and started preparing the site this week for a more than 22,000-square-foot store. The store is expected to be complete by July, said David Long of ...

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Rational Behavior During Irrational Times

Posted Feb 18, 2021
“A genius with poor emotional control can be a financial disaster. An ordinary person with a handful of behavioral traits can be wealthy.”
– Anonymous

As we look back on 2020, it is hard to imagine we would now be in a place where the markets are hitting all-time highs. Think about all that we endured this past year — remote work, online school, Zoom m...read entire article
Feb 5, 2021

Pending Projects: Where Do They Stand?

By Cece Nunn, posted Feb 5, 2021

While some major develop­ment projects in the works in the Wilmington area are progressing, others are on hold for a variety of reasons.   Northern Gateway   The Northern Gateway project planned for downtown Wilmington is an example of a development that has stalled. Early on in the pandem­ic, in April last year, city officials said the $90 million ...

Feb 4, 2021

The Villages At Brunswick Forest Sells For $16.8M

By Cece Nunn, posted Feb 4, 2021

Most of a major commercial area in Leland is under new ownership. The Yelverton family bought The Villages at Brunswick Forest, excluding some outparcels, for $16.8 million in December from entities managed by Lord Baltimore Capital Partners LLC. The Villages at Brunswick Forest is situated in front of the Brunswick Forest master-planned community in Leland. The Y ...

Jan 28, 2021

New Office Building Planned At NCino HQ

By Cece Nunn, posted Jan 28, 2021

Developers are planning another 90,000-square-foot office building for Wilmington-based banking software firm nCino, according to site plans submitted to the city of Wilmington. The new building would be the same size as nCino's current headquarters at 6770 Parker Farm Drive and adjacent to it, along Cavalier Drive by Mayfaire Community Center, the site plans by LS3 ...

Jan 26, 2021

Texas-based coworking and hospitality company Common Desk recently opened the doors to its downtown Wilmington location. Building owner East West Partners hired Monteith Construction Corp. to transform the historical Gaylord Building, 226 N. Front St., into three floors of Common Desk flexible coworking, office and event space. Wide Open Tech, a firm founded abo ...

Jan 12, 2021

Developer Revisits The Avenue’s Phases

By Cece Nunn, posted Jan 12, 2021

Plans for The Avenue, a more than $200 million development to be built on Military Cutoff Road in Wilmington, are proceeding but could include some changes, particularly to what gets built first, as a result of COVID-19. Roy Carroll, owner of The Avenue development firm The Carroll Companies, said in a recent interview that construction on the development’s anchor ...

Jan 8, 2021

Deadline Upcoming For Real Estate Awards

By Staff Reports, posted Jan 8, 2021

Cape Fear Commercial Real Estate Women (CREW) is accepting entries for the 2021 Cape Fear CREW Awards of Excellence. The deadline is Jan. 29.  The awards, which will be held April 29 at the Wilmington Convention Center, recognize excellence and leadership in commercial real estate throughout the Cape Fear Region, including the city of Wilmington and the cou ...

Jan 7, 2021

A partnership that includes local developers in December purchased the Wilmington headquarters office building of growing fintech company nCino.  The property is at 6770 Parker Farm Drive behind Mayfaire Community Center. nCino, which provides cloud-based banking software to banks around the world, has additional office space at Mayfaire. Cloud Real Estate Holdi ...

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In The Current Issue

Transit Director Leads Adaptation

Wave Transit’s role in the community’s physical and economic well-being is something Wave’s new executive director, Marie Parker, wants resi...


Lapetus Zooms In On Asian Market

While Lapetus Solutions is a startup based in Wilmington, much of its growth and market has been focused across the world in the Asian conti...


Buying Homes, Sight Unseen

“The market is so competitive, even a matter of hours can be too little, too late."...

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