Real Estate - Commercial

Aug 7, 2020

Major Project Would Impact Southport

By Cece Nunn, posted Aug 7, 2020

The developer of River Place in downtown Wilmington is partnering with Bald Head Island Limited on a nearly 400-acre development dubbed Project Indigo.   The $565 million project by Bald Head Island Limited and East West Partners, the River Place develop­er, would incorporate single-family homes, apartments, townhomes, duplexes and some commercial space for what ...

Aug 7, 2020

The property at 5216 Oleander Drive in Wilmington held a skating rink for about four decades before the latest business to occupy it, Jelly Beans Family Skate Center, closed last year. An entire Facebook group is dedicated to remembering one of its earliest incarnations, Sports World. Owned by a Sanders family entity, the property got a facelift after Jelly Beans clo ...

Jul 31, 2020

New Hotel Planned In Leland

By Cece Nunn, posted Jul 31, 2020

A new hotel is in the works at a site in Leland's Waterford community. Clarendon Properties LLC is developing a tru by Hilton Hotel to be managed by Crown Hotel & Travel Management, according to a Crown news release. Both companies are based in Wilmington.  The hotel, which will be adjacent to the Harris Teeter grocery store at Waterford, is expected to ...

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8 Signs It May Be Time To Call In The Professionals To Manage Your Investment Property

Posted Aug 3, 2020
So, you've decided to purchase an investment property − congratulations! But what comes next? You of course want to find a great tenant who will pay rent on time and care for the property. And you as the landlord would like to be able to ensure that any maintenance issues that arise are promptly and properly handled. When stated simply, that might sound like an easy job.
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Jul 27, 2020

Former Farmin' On Front Space Available

By Christina Haley O'Neal, posted Jul 27, 2020

After no activity for two years, the former downtown grocery space that was Farmin' On Front is available for a new tenant. The 5,145-square-foot space at 143 N. Front St. is being offered for sub-lease by the owners of Farmin' On Front and was listed by Wilmington-based MoMentum Companies late last week, said Terry Espy, a broker and owner of the firm ...

Jul 24, 2020

Checking In On Plans For Midtown Hotel

By Cece Nunn, posted Jul 24, 2020

The development of a hotel at The Pointe at Barclay commercial center in midtown Wilmington is moving forward.   Civil engineers completed their drawings, and they’ve been submitted to the city of Wilmington, said Mehul Patel, of Georgia-based Ideal Hospitality Investments Inc., the firm creating a Home2 Suites by Hilton near The Pointe 14 movie theater. &nbs ...

Jul 22, 2020

Business Park Buildings Off U.S. 421 Become Fully Leased

By Christina Haley O'Neal, posted Jul 22, 2020

Flex space recently built in the U.S. 421 industrial corridor is now fully leased, according to a news release Wednesday. Three buildings at 3871, 3877 and 3879 U.S. 421 N., near the Interstate 140 interchange, now include multiple tenants. Tenants in the North 421 Business Park are Luke's Furniture Co., KidsTale Inc. and Valiant Restoration Services, officials w ...

Jul 14, 2020

Plans Change For Harris Teeter Site In Carolina Beach

By Cece Nunn, posted Jul 14, 2020

In Carolina Beach, gone is a sign that proclaimed land at 1000 N. Lake Park Blvd. as the future site of a Harris Teeter grocery store. The 7 undeveloped acres owned by Jubilee Carolina LLC, a Harris Teeter entity, now holds a commercial real estate sign from MPV Properties that says the land is "for sale or build to suit." Harris Teeter is not moving forwar ...

Jul 8, 2020

Coworking Spaces Adapt To Coronavirus Shifts

By Cece Nunn and Christina Haley O'Neal, posted Jul 8, 2020

The COVID-19 pandemic has left offices empty as people work remotely, but operations and plans progress for some coworking spaces in the Wilmington area. In downtown Wilmington, the creation of 22,000 square feet of coworking space continues in the historic Gaylord Building at 226 N. Front St.  East West Partners, the developer of nearby mixed-use project River ...

Jul 6, 2020

Mortgage Firm Relocating To Barclay Commons

By Cece Nunn, posted Jul 6, 2020

After about two years on Commonwealth Drive in the Wilmington market, a mortgage firm that serves the military has gotten a bigger office. AAFMAA Mortgage Services leased Suite 202 at 2520 Independence Blvd. in Barclay Commons. The more than 3,600-square-foot office space is in midtown because "it was a central part of town, and Wilmington commerc ...

Jul 3, 2020

Industrial Sector Shines In Pender

By Cece Nunn, posted Jul 3, 2020

Industrial commercial real estate gained more attention over the past few months as a sector that’s still doing well, despite an economic downturn caused by measures to slow the spread of the novel corona­virus.   “It’s thriving – both before, during and likely after the pandemic,” said Mark Johnson, executive vice president/sales m ...

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In The Current Issue

Dosher Foundation Gets Golden LEAF Grant

Dosher Memorial Hospital Foundation received $378,000 from the Golden LEAF Foundation for an on-site well water system at the Southport hosp...


NHRMC Programs Receive Several Accolades

Several New Hanover Regional Medical Center departments and providers recently garnered state and national accolades for their work....


Catching Up With Businesses

Starting in March, the Business Journal featured area businesses and how they are adjusting operations, innovating and coping in general wit...

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