Real Estate - Commercial

May 29, 2020

An office and retail building that was on its way to completion before the coronavirus pandemic started affecting Wilmington will now have some new touches, so to speak. The project, Bradley Creek Station, consists of more than 80,000 square feet on three floors at 5815 Oleander Drive.  Developer Parker Anderson of SAMM Properties said when the novel coronavirus ...

May 27, 2020

On Castle Hayne Road, Fetching Space For Doggy Daycare

By Cece Nunn, posted May 27, 2020

Scott Weikert has three dogs: Zeus, a coonhound mix; a mutt named Saint; and his latest rescue, a golden retriever named Barney. Now his career is going to the dogs: He’s opening the first North Carolina location of Hounds Town USA, a growing doggy daycare franchise. After 14 years in the restaurant industry, Weikert wanted a change. “I was ready for s ...

May 20, 2020

The former site of Vertex Railcar Corp., the failed rail car manufacturer that set up shop in Wilmington in 2014 before closing four years later, is available for lease. The 68-acre property at 202 Raleigh St., with more than 500,000 square feet in five buildings, is being marketed as Wilmington Business Park by property owner Industrial Realty Group. Vertex Railcar ...

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PPP Forgiveness - What You Need To Know

Posted May 20, 2020
This article is current as of 5/20/20. The SBA has indicated that there will be constant, ongoing updates.

Many businesses have been fortunate enough to receive funds via the Paycheck Protection Program (PPP). These funds were initially disbursed as a loan, but some or all of the funds can potentially be forgiven. How much really depends upon a complex, and ever evolving se...read entire article
May 10, 2020

On Oleander Drive, More 'Magic' On The Way

By Cece Nunn, posted May 10, 2020

The McDonah family capitalized on a popular niche when they started Practical Magic in 2016. The business sells gemstones, crystals, candles, essential oils, jewelry and more online and in a retail location in Wilmington. Founded by sisters Carly and Nellie McDonah and their mother, Amy, Practical Magic moved recently from a house on Oleander Drive to the 6,000-squar ...

May 8, 2020

Brunswick Centers Aim For New Tenants

By Cece Nunn, posted May 8, 2020

Brunswick County has long been considered by those in the commercial real estate industry as underserved when it comes to retail offerings, but new retail is on the way.   For example: In Shallotte, the Coastal Walk shopping center shopping center under construction at Main Street (U.S. 17) and Smith Avenue will include numerous national chains.   Hobby Lobby ...

Apr 30, 2020

City Puts $90M Northern Gateway Proposal On Hold

By Cece Nunn and Christina Haley O'Neal, posted Apr 30, 2020

Work on a $90 million mixed-use development proposal for city-owned property in downtown Wilmington's northern gateway is on hold, for now, according to city officials. Because of the coronavirus crisis, it is uncertain when the city will resume its exploration phase with East West Partners, said city spokesman Dylan Lee in an email this week.  Chapel Hill-b ...

Apr 30, 2020

It's a complicated time for most industries, including commercial real estate. Local commercial firms are working through issues that include landlord-tenant relationships, working remotely, sales that were in the works before efforts to slow the novel coronavirus and more. Mark Johnson (pictured below), executive vice president/sales manager of Coldwel ...

Apr 17, 2020

Shopping Center's New Owner Plans Improvements

By Cece Nunn, posted Apr 17, 2020

The owner of properties in southern Brunswick County on Thursday bought Shallotte Commons Shopping Center for $1.75 million with plans for improvements. The nearly 86,000-square-foot center, built in 1984 and last renovated in 2006, now belongs to Carolina Dreams Golf LLC of West Virginia. The firm also owns the Food Lion-anchored center The Village at Sunset Beach, alo ...

Apr 16, 2020

Investors Pay $9.2M For Wilmington Industrial Property

By Cece Nunn, posted Apr 16, 2020

A commercial real estate investment firm with properties throughout the Carolinas recently completed its fourth Wilmington-area industrial acquisition. Edgewater Ventures bought the 240,000-square-foot distribution facility at 421 Landmark Drive near the Port of Wilmington for $9.2 million, according to the deed dated April 3. The seller was Noelle Holdings LLC, and ...

Apr 9, 2020

Developers known for creating high-profile office space throughout Wilmington bought back property in the Porters Neck area on Tuesday. The $1.35 million transaction involved 5.5 vacant acres at 8604 Market St. The seller was Wilmington Health. The buyer, SAMM Properties, sees the potential for development at the site, as it did when it used to own it more than 15 ye ...

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In The Current Issue

Phases Aim To Aid Economy Safely

Included in our new lingo these days besides “social distanc­ing” (staying 6 feet apart) and COVID-19 (the novel coronavirus) are “phase one...


Education Leader Forges Way Forward

Burns was tapped as interim superintendent of NHCS in February, following the resignation of Tim Markley. Burns assumed his new role in Marc...


In Beach Town, Waves Of Reopening

Business owners on Pleasure Island, which includes the New Hanover County towns of Carolina Beach and Kure Beach, share a measured enthusias...

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