A real estate investor recently bought more than 51 acres on Mt. Misery Road in the northern Brunswick County town of Leland. Pura Vida Partners LLC sold the property to Wilmington-based firm SKF ILM LLC for $700,000, according to deeds. The land, which contains a manmade lake, is adjacent to Leland Industrial Park and Leland Plaza and in between the Inters ...

Brunswick County’s residential real estate market showed higher prices and low inventory in August, which also came with a dip in sales, according to a news release from the Brunswick County Association of Realtors. The number of units sold in August was down 11% compared to August 2020, from 667 to 593, according to the BCAR statistics from the N.C. Regional Mult ...

Developers are working on creating hundreds of apartment units in Wilmington and surrounding communities, with some proposals farther along in the development process than others. The following are updates on three of the many projects in the area that include apartments.   Switchyard Description: A community planned to contain 192 apartments on 10 acres off 3804 M ...

An exchange this week between city officials and developers proposing to build affordable housing on Carolina Beach Road in Wilmington revealed some of the challenges such proposals can face. Bradley Development and Kelley Development Co., two workforce housing developers that have projects across North Carolina and South Carolina, want to build 278 apartments at 2346, ...

Stephania Bloodworth has joined Cape Fear Realtors as the organization's chief operations officer. A Pender County native who lives in Wilmington, Bloodworth has more than 20 years' worth of experience spanning finance, budgeting, operations, data analysis and fundraising, according to a CFR news release. “Stephania is an excellent fit for this newly cr ...

A couple of high profile redevelopment projects are part of the agenda for tonight’s Wilmington Planning Commission meeting, including a mixed-use project that would be built where a car dealership used to be on South College Road and the transformation of two Market Street motels into apartments. The commission is holding public hearings on conditional district r ...

A rental home neighborhood is underway at Riverlights, the 1,400-acre master planned community on River Road in Wilmington. The project, The Cottages at Riverlights, will hold 279 homes for rent and is a partnership between Riverlights and Birmingham-based Capstone Communities, a news release stated. Construction on The Cottages at Riverlights began in early August w ...

While it can be a challenge for a potential homebuyer to find a property in the Wilmington market these days, the same is true for those who want to rent a house.   Local experts can cite numerous examples. Wilmington-based Sweyer Property Management manages about 1,200 rental homes in the region and in the past, its occupancy rate percentage has hovered around the ...

A Wilmington-based residential real estate firm surpassed $2 billion in sales this week, according to an announcement Thursday. The closed sales volume milestone, achieved Aug. 17 by Coldwell Banker Sea Coast Advantage, marks the third consecutive year the brokerage has exceeded the $2 billion mark, a news release stated. “This milestone represents the tremendo ...

A Baltimore-based real estate investment and management firm bought The Reserve at Mayfaire in Wilmington for $76 million, according to an announcement Friday. The upscale 264-unit community was acquired by Continental Realty Corp. on behalf of Continental Realty Fund V, a $210.8 million private equity fund that has purchased 12 assets overall since it was formed in 201 ...