Real Estate - Commercial

Oct 15, 2021

Will $500M Development Across The River Sink Or Swim?

By Cece Nunn, posted Oct 15, 2021

Building a major riverfront development of any kind in the Wilmington area means facing a raft of challenges, from environmental issues to making the numbers work.   A group of local partners that has never tackled such a development before wants to create a $500 million mixed-use project, with condos, apartments and commercial space, on 8 acres at a fork of the Nor ...

Oct 15, 2021

The 3,800-square-foot retail strip center at 1930 Carolina Beach Road has a new owner. Summer Hill Square was purchased for $485,000 on Sept. 24 from Natson Enterprises by SEEK Land Holdings, according to property tax records and an announcement from Eastern Carolinas Commercial Real Estate. Wilmington-based ECCRE represented the seller while Carolina Commercial Inve ...

Oct 14, 2021

The developers behind the six Offices at Mayfaire buildings and Bradley Creek Station in Wilmington are bringing a 77,000-square-foot building to northern Brunswick County.  Wilmington-based SAMM Properties is in the design phase of planning a class A office and retail development. The Offices & Shoppes at Waterford will be located on Olde Regent Way adjacent t ...

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Boosting Off-Season Vacation Rental Income With Technology Upgrades: Gaming, Wi-Fi, Charging Outlets, TV, Streaming, Etc.

Posted Oct 13, 2021
As we dive into this year’s fall season, we continue to focus on creating a healthy work-life balance. Many continue to work from home and search for a getaway where they can experience a new place while comfortably working from home. Upgrades to technology and improvement to in-home office spaces will help to boost off-season rental income. Let’s take a look at ways your home away fro...read entire article
Oct 8, 2021

Cape Fear Commercial Real Estate Women (CREW) began this week accepting nominations for the fourth annual Awards of Excellence. The awards program, scheduled for 11 a.m. Feb. 24 at the Wilmington Convention Center, recognizes excellence and leadership in commercial real estate in Wilmington and the tri-county region of New Hanover, Brunswick and Pender and beyond, inclu ...

Oct 6, 2021

Plans to build a mixed-use project on South College Road and convert motel buildings on Market Street to housing have moved forward after the Wilmington City Council approved rezonings for the project sites. On Market Street, California-based Vivo Investment Group has 7.7 acres under contract that include two motels operating out of the same lobby. The company&r ...

Oct 1, 2021

Surgery Center In Wilmington Sells For $15M

By Cece Nunn, posted Oct 1, 2021

A Charlotte-based outpatient healthcare real estate investment trust recently bought an ambulatory surgery center in Wilmington. Flagship Healthcare Trust purchased 1801 S. 17th St., which includes the 24,757-square-foot Wilmington SurgCare facility, in September.  The sale price was $15 million, according to property tax records. Wilmington SurgCare, a partners ...

Oct 1, 2021

Taking A Look At Like-kind Exchanges

By Cece Nunn, posted Oct 1, 2021

Steve Warwick is a big fan of 1031 like-kind exchanges.   One of his personal examples: He and a member of his family bought property together in the 1980s on Market Street in Porters Neck, a transaction that would result in additional investments.   “We rented it to a plumbing company for five to six years, sold it and rolled the sale proceeds into a c ...

Sep 23, 2021

Activity is coming back to two long-vacant commercial properties on Wrightsville Avenue not far from Wrightsville Beach. One of the neighboring properties, 7041 Wrightsville Ave., changed hands, while the other, 7037 Wrightsville Ave., gained a tenant, according to an announcement from Wilmington-based commercial real estate firm Cape Fear Commercial. In an $857,500 ...

Sep 23, 2021

A longtime custom homebuilder in Wilmington recently completed a unique office project and will showcase it during an open house Friday. PBC Design + Build created an office of its own in the former fellowship hall of Pearsall Memorial Presbyterian Church at 3902 Market St. The nearly 25-year-old company had moved around to various locations, relocating to 314 Walnut ...

Sep 17, 2021

Trailblazing Builder Hangs Up Her Hard Hat

By Cece Nunn, posted Sep 17, 2021

Beth Pancoe can trace her love of construction as far back as early childhood.   “Well, my dad was a Methodist minister, and they didn’t pay ministers anything. So I really never had toys when I was a little girl, but I did have big trees around our house and the roots out of the ground,” Pancoe said, “and I would go out for hours and play wi ...

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