Real Estate - Commercial

Oct 9, 2018

Developer Hugh MacRae II Dies At 93

By Cece Nunn, posted Oct 9, 2018

Longtime Wilmington businessman and developer Hugh MacRae II, who among his achievements led the development of Hanover Center and was involved in the creation of Independence Mall, died Oct. 8 at age 93. MacRae II, born Nov. 24, 1924, was the grandson of Hugh MacRae, the businessman and developer for whom Hugh MacRae Park in Wilmington is named. After his grandfathe ...

Oct 1, 2018

A company headquartered in Charlotte has purchased The Vault on 17th, a 76,000-square-foot self-storage facility at 1113 S. 17th St. in Wilmington. Madison Capital Group bought the property in an $8 million transaction in September from The Vault on 17th LLC, a partnership involving several principals in GHK Cape Development and Crete Investments.  The Vault, wh ...

Sep 28, 2018

A Charlotte firm plans to replace a former bank with a 6,000-square-foot commercial building at the corner of Market Street and New Centre Drive. MPV Properties purchased the nearly 1-acre property at 5120 Market St., previously home to a PNC Bank branch, for $870,000 from PNC in a deal that closed recently in Charlotte. Austin Easter, a broker with MPV Properties wh ...

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Effort is Attractive: Get the Talent

Posted Oct 1, 2018
Steve Jobs said, “Hiring the best is your most important task.”

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Sep 25, 2018

So many children and adults have gotten a kick out of an indoor fitness venue in Wilmington, the owner is aiming to expand into a larger facility. Janine Blaisdell, owner of Off the Wall at 203 Antilles Court in Dutch Square, said she hopes to eventually move her business, which has been on Antilles Court for about six and a half years, to an indoor/outdoor recreat ...

Sep 21, 2018

Flo Prompts Businesses, Groups To Seek New Space

By Cece Nunn, posted Sep 21, 2018

A tight commercial real estate market in Wilmington is expected to get even tighter as businesses that were flooded or damaged need to find new space and others move to town in the wake of Hurricane Florence, brokers say. The firms shopping for space in a lot of cases have been forced out of their previous locations because of temporary or permanent damage, while others ...

Sep 7, 2018

Bouncing Back From Retail Voids

By Cece Nunn, posted Sep 7, 2018

Filling retail spaces in the age of Amazon.com isn’t always easy.   Sometimes a location dictates how quickly an empty space, whether it’s a new or existing building, might be occupied by a new tenant. In April 2017, officials with electronics chain hhgregg decided to close all 220 of its stores across the U.S., including the Mayfaire Town Center locatio ...

Aug 31, 2018

Plans to build an 88-unit apartment complex in the 2600 block of North College Road will not proceed, according to a public hearing request by College Road Development Partners. Instead, a self-storage facility is now planned for the North College Road location, according to the request. A public hearing to revoke a previous rezoning request is scheduled during the N ...

Aug 31, 2018

New Development Eyed For Third Street Property

By Christina Haley O'Neal, posted Aug 31, 2018

A Wilmington-headquartered development firm is planning apartments and a self-storage facility near Third and Dawson streets. A self-storage warehouse and 38 apartments are being planned for a 2.8-acre parcel at 201 Wright St., a former Kenny Lovitt’s Auto Sales lot, said Robert High, owner Robert High Development LLC, a development firm that specializes in self-s ...

Aug 28, 2018

The developer of the restaurants at Port City Marina on downtown Wilmington's northern riverfront owes the project's contractor nearly $860,000, according to New Hanover County Superior Court documents. After a legal dispute that lasted more than a year between Northern Riverfront Marina & Hotel and Clancy & Theys Construction Co. over the two-restaurant ...

Aug 24, 2018

Plans Proceed For New Midtown Mixed-use Development

By Cece Nunn, posted Aug 24, 2018

Developers and commercial real estate brokers are beginning to market part of a mixed-use development in the works for property at the intersection of Independence and Shipyard boulevards, according to an announcement Friday. The Graham Land Management plans described in a news release Friday afternoon include two 30,000-square-foot class A office buildings that will be ...

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Trending News

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In The Current Issue

Tourist Attractions On The Mend

As recovery efforts from Hurricane Florence continue, several area attractions remain damaged in her wake. Last month’s unwelcome visitor no...


Benefits Spring Up In Florence’s Wake

The aftermath of Hurricane Florence left the region with downed trees, flooded homes and displaced residents in need. This destruction, howe...


Cardinal Foods’ Growth Mode

Cardinal Foods LLC has expanded a market and operations for local farmers under the leadership of Corey Barnhill, founder, president and CEO...

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