A disaster reconstruction company based in North Carolina recently opened an office in Wilmington.  RestorePro Reconstruction’s location at 311 Judges Road, Suite 1G, in Wilmington is the company’s sixth office in the Southeast and has 12 employees. “The addition of the Wilmington office extends its footprint to coastal North Carolina and bring ...

A new industrial park is under construction in New Hanover County.  Edgewater Ventures, in partnership with McKinley Building Corp., announced Tuesday the development of Wilmington Trade Center, a three-building Class A industrial project near the interchange of Interstate 140. Upon completion, the center will include 425,000 square feet. Edgewater Ventures, whi ...

On Thursday's broadcast of WilmingtonBiz Talk, two local commercial real estate brokers said the industry had a surprisingly good year despite the pandemic that hit home a little more than a year ago. John Hinnant, vice president of Eastern Carolinas Commercial Real Estate, and Brian Eckel, co-founder of and partner in Cape Fear Commercial and its development a ...

Mayfaire Town Center owner CBL Properties, which filed for bankruptcy in November, announced Monday that it has entered into an amended agreement that will allow the firm to proceed with its restructuring plans. The amended Restructuring Support Agreement (RSA) provides for the elimination of $1.6 billion of the company’s debt, according to a CBL Pr ...

Holly Bader might have been destined to open a bookstore. The Port City native majored in philosophy at the University of North Carolina Wilmington, and now she has an answer when someone asks her what she could do with a philosophy degree -- continue to read way too much, she joked. Bader is the owner of Papercut Books, a new downtown Wilmington store with an e ...

Autumn Hall has been growing into its next phase, with construction underway on one of two buildings in the works that will hold commercial space.   The master planned community sits on more than 230 acres off Eastwood Road and already includes houses, apartments, office users and more.   Under construction these days is the first building in the latest phase ...

Cape Fear Commercial Real Estate Women (CREW) has announced the finalists and achievement award winners for its third annual Awards of Excellence, which are scheduled to be held April 29 at the Wilmington Convention Center. The awards, which focus on the Cape Fear Region's commercial real estate sector, recognize excellence and leadership in commercial real estate, ...

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 ...

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 ...

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 ...