Real Estate - Commercial

Jan 17, 2020

Finalists Announced For Commercial Real Estate Awards

By Cece Nunn, posted Jan 17, 2020

Cape Fear CREW (Commercial Real Estate Women) announced the finalists and achievement award winners Friday for the Cape Fear CREW second annual Awards of Excellence.  The awards recognize excellence and leadership in the local commercial real estate industry, a news release stated  “We received a remarkable number of excellent submissions this year fo ...

Jan 16, 2020

Cape Fear Industrial Complex Sells For More Than $8M

By Christina Haley O'Neal, posted Jan 16, 2020

The Cape Fear Industrial Complex in Pender County sold this week for $8.3 million. Jeremy Phillips, of Wilmington-based Environments Unlimited Commercial Real Estate LLC, was the listing agent on the property and facilitated the sale. The buyer was Cape Fare Holding LLC, which includes Joseph Ostreicher, president of Fine Fixtures Inc., as a partner, and the seller was ...

Jan 15, 2020

Developers Plan Modern Industrial Building In Pender

By Christina Haley O'Neal, posted Jan 15, 2020

In Pender Commerce Park, developers are planning a building designed to be the first modern Class A industrial space for lease in the Wilmington region in over 10 years. Pender Commerce Park Partners 1 LLC, a new entity formed for the development, released plans this week for the construction. Closing on the property is slated for late January, said Chris Ramm, managing ...

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What To Do If There Are Insufficient Reserve Funds

Posted Jan 7, 2020
What are reserve funds and what are they used for? Reserve funds are broken down into capital and non-capital expenses; capital would be replacing a roof; non-capital would be painting. These are IRS terms really, but for HOAs reserves are in general a savings account saving up to take care of long-term repairs and replacement — replacing the roof, paving the roads, resurfacing the pool...read entire article
Jan 14, 2020

Big Sky Design Moving To Oleander Drive

By Cece Nunn, posted Jan 14, 2020

Big Sky Design plans to move this year to new office and retail space on Oleander Drive. The commercial and residential interior design firm founded more than two decades ago is relocating from Masonboro Loop Road to Bradley Creek Station, an 80,000-square-foot retail and office complex under construction at 5815 Oleander Drive. "We just love the new building an ...

Jan 10, 2020

Tractor Supply Co. Store Coming To Leland, Bringing Jobs

By Christina Haley O'Neal, posted Jan 10, 2020

Tractor Supply Co. has plans to open in Leland this year, bringing several jobs. The company is slated to build about 19,000 square feet on more than 3 acres in Ibis Landing, a new development planned at Carol-Lynn Drive and U.S. 17 in Leland, said Gary Vidmar, the town’s economic and community development director. Tractor Supply Co. is a retail chain that off ...

Jan 8, 2020

Redevelopment Project Could Add To Castle Street Activity

By Christina Haley O'Neal, posted Jan 8, 2020

A proposed redevelopment of a city-owned property on Castle Street could add to a growing list of projects within an area that has seen revitalization in recent years, local developers say. A mixed-use project that would transform 1110 Castle St. will have another 60 days in the predevelopment period following approval by Wilmington City Council on Tuesday. The addit ...

Jan 7, 2020

Going Local, a store featuring local artists, now occupies a restaurant space in front of the movie theater at Mayfaire Town Center. The store’s move marks its third location in the center, which is mainly filled with national chain restaurants and retailers. The new space, at 890 Town Center Drive, formerly held Symposium, a Greek restaurant that closed last year ...

Jan 3, 2020

Last Year's Five Highest Sales

By Cece Nunn, posted Jan 3, 2020

The real estate industry in the Wilmington area last year produced some high-dollar sales, mainly of apartments, office buildings and storage units. These are the top 5 highest-selling properties of 2019 in New Hanover County.   1. Sawmill Point 15 Cowan St., Wilmington Price: $65.3 million Buyer: Chaucer Creek Capital Seller: The Davis Companies of Boston ...

Jan 3, 2020

The upcoming transformation of property in the Wrightsboro area into a mixed-use development dubbed Wrightsboro Commons marks a milestone for New Hanover County. Blue Ridge Companies of Greensboro bought about 12 acres in the 2500 block of Castle Hayne Road from Edwin and Nancy Ennis for $3.27 million, according to a deed recorded in December. The Wrightsboro Co ...

Jan 2, 2020

Trask Land Co. and Novant Health have entered into a development agreement for Novant's Brunswick Medical Center campus, according to an announcement. The agreement means that Trask Land, a Wilmington-based commercial real estate and land development firm, will provide development services for Novant at the medical center and on the campus's surrounding land, wh ...

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