Real Estate - Residential

Mar 20, 2020

Homes Popular In S. Brunswick Towns

By Cece Nunn, posted Mar 20, 2020

At the height of the housing downturn, Brunwick County had 22 months of supply.   That situation had changed drastically by the end of 2019.   The months of residential supply for the county as whole at the end of last year was 4.72 months.   It was similar in two popular Brunswick County areas: 5.38 months for Oak Island, a beach town, and 4.66 for So ...

Mar 20, 2020

New Hanover County issued a statement this week about the register of deeds, a critical component for the real estate industry. "The Register of Deeds is open and serving customers Monday through Friday, 8 a.m. to 5 p.m," the Thursday release stated.  According to the release, the following practices (that apply most to real estate professionals) are i ...

Mar 12, 2020

Wilmington-based residential real estate firm Coldwell Banker Sea Coast Advantage, along with the Coldwell Banker Advantage family of companies, was recently named the No. 1 brokerage in North America for closed transactions in 2019 by Coldwell Banker Real Estate LLC. The results show that the Coldwell Banker Advantage team successfully assisted clients with nearly 20,0 ...

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What Small Businesses Can Do Now

Posted Mar 31, 2020
The outbreak of the COVID-19 pandemic has crippled our economy nationwide and small businesses are among the most heavily affected by this crisis. Cape Fear Community College’s Small Business Center is a free resource that area small businesses can count on for practical advice and counseling. Jerry Coleman is the director of our Small Business Center. I have asked him to provide a few thoug...read entire article
Mar 5, 2020

On South 17th Street, a Charlotte development firm plans to create 270 apartments after closing Wednesday on a nearly 8-acre tract. DPJ Residential, which has two other apartment projects in Wilmington, bought the 7.79 acres at 1625 S. 17th St. for $3.5 million from limited liability company 17th Street WPG LLC. The site is set to hold 17 Social, an apartme ...

Mar 2, 2020

Apartment Complex Changes Hands In $38M Deal

By Cece Nunn, posted Mar 2, 2020

A publicly traded real estate investment trust recently purchased an apartment community in Wilmington, according to an announcement. BRT Apartments Corp. (NYSE:BRT) announced Feb. 24 that an entity in which it has an 80% equity interest acquired Abbotts Run Apartments, a 264-unit complex at 511 Cobblestone Drive, for $38 million. That includes $23.2 million o ...

Feb 28, 2020

The rise of more apartments in the Wilmington area can be attributed in part to a housing shortage and affordability concerns that are also being felt nationwide, experts said Thursday. The nation as a whole is dealing with a shortage of homes available to buyers in the amount of 5 million to 6 million dwellings, said Nadia Evangelou, senior economist and director of fo ...

Feb 24, 2020

Luxury Student Housing Sells For $27M In Wilmington

By Cece Nunn, posted Feb 24, 2020

Student housing in the Port City continues to make the grade among real estate investors. A commercial real estate company announced Monday the purchase of a Wilmington student housing complex by a Chicago firm. OC Ventures bought Lighthouse, a 348-bed, 124-unit luxury student housing community at 4955 Pepys Lane in Wilmington from California-based Coastal Ridge ...

Feb 21, 2020

Jumping January: Home Sales Off To Brisk Start

By Cece Nunn, posted Feb 21, 2020

Home sales hit a high note in January, with large gains throughout the tri-county region as buyers scooped up more homes, nearly 40% more, than last year, according to Cape Fear Realtors (CFR) statistics. “We've kind of been building up to it,” explained Tony Harrington, president of CFR. “We always say that usually during the holidays we ...

Feb 21, 2020

Taking Stock Of Townhome Appeal

By Cece Nunn, posted Feb 21, 2020

Dave Spetrino loves townhomes.   The custom homebuilder and founder of PBC Design + Build has created numerous townhomes in the Wilmington area, including several in downtown Wilmington and a couple dozen so far in Marina Village in the Riverlights master planned community off River Road. He considers one of his latest townhouse projects, Indie Ice Townhomes on Nort ...

Feb 21, 2020

New Townhomes Nearing Completion In Echo Farms

By Cece Nunn, posted Feb 21, 2020

In Wilmington's Echo Farms subdivision, the first units of a new housing development are nearing completion. Woodlands Landing Townhomes include 176 one-, two- and three-bedroom units. Rents range from $1,234 to $2,200.  "We have started our pre-leasing on Woodlands Landing," said Brian Eckel, of GHK Cape Fear Development and Wilmington-based comme ...

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