Real Estate - Commercial

Aug 12, 2022

Murchison Building Downtown Sold For $8.25M

By Johanna F. Still, posted About 16 hours ago

The historic Murchison building in downtown Wilmington is under new ownership.  Real estate investment firm Bush Watson purchased the property for $8.25 million on Aug. 10, a company representative confirmed Friday.  Cape Fear Commercial announced the sale Thursday, citing Paul Loukas and Lindsey Hess as representing the buyer in the transaction. The buyer ...

Aug 10, 2022

Construction is commencing at a new Lowe’s Home Improvement store in Leland Town Center, a multi-phase development off U.S. 17.  Lowe’s and property owner C&S Commercial Properties reached a deal at the end of June, according to Palmer Williams, vice president of the Fayetteville-based development firm.  Lowe’s Home Centers LLC submitt ...

Aug 10, 2022

Galleria Property On Wrightsville Ave. Sold For $37.5M

By Cece Nunn, posted Aug 10, 2022

Charlotte-based State Street Companies sold the former Galleria Shopping Center on Wrightsville Avenue for $37.5 million, according to a news release. The buyer of the 17-acre site, Haven at the Galleria LLC, is an affiliate of Johnson Development Associates (“JDA”) of Spartanburg, South Carolina, which also owns the Holiday Inn hotel at Wrightsvil ...

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Improving Indoor Air Quality Requires a Systematic Approach

Posted Feb 28, 2022
With more of us working from home than ever, it’s no surprise the average American spends 90 percent of their time indoors.  And considering the EPA has stated that indoor air can be two to five times more polluted than outdoor air, the subject of how to improve indoor air quality has never been more relevant. 

Lately, one of the most important topics I’ve hear...read entire article
Aug 5, 2022

Commercial Tenants Navigate Rent Spikes

By Cece Nunn, posted Aug 5, 2022

Parker Wilson, owner of a company that makes all-natural cleaning products, unintentionally missed a deadline for letting her landlord know she wanted to renew her lease.   As a result, she faced the expensive possibility of having to move the base of operations for her business, SQUEAK, from Netherlands Drive in Dutch Square off Market Street to a new location. &n ...

Aug 5, 2022

The owner of an historical landmark in downtown Wilmington is seeking permission from a city panel to tweak a previously approved redevelopment plan. Stamatia “Nick” Saffo of Global Property Holdings and Saffo Contractors and architect Rob Romero are asking the Wilmington Historical Preservation Commission for a height increase from about 18 feet to 35 feet ...

Jul 29, 2022

A New York-based real estate firm is making progress toward creating a modern industrial park on U.S. 421 after buying an 80-acre site last month. Officials with Treeline, which develops and invests in office, multifamily and industrial properties, said in a news release this week that they have signed on their first tenant in Treeline Industrial Park, 28 ...

Jul 21, 2022

Crews have started building a second industrial facility at Wilmington Trade Center on U.S. 421 in New Hanover County, expecting to add supply to a busy real estate sector. Edgewater Ventures, in partnership with Wilmington-based McKinley Building Corp., recently completed the first 157,610-square-foot building at the center and construction is underway on Building 2, a ...

Jul 19, 2022

A Chapel Hill-based conservation group has entered into a tentative purchase agreement with a developer planning a large commercial project on the Cape Fear River.  Diamondback Development voluntarily entered into a purchase contract with Unique Places to Save, the nonprofit group shared in a press release Tuesday. The contract entails the developer’s 83 acre ...

Jul 6, 2022

The N.C. Court of Appeals issued a ruling Tuesday with mixed results for both parties entangled in litigation surrounding the proposed redevelopment of a portion of The Cape’s former golf course into townhouses. The case is the latest in a national trend marked by high-demand housing, increasing density, lack of available land and the waning financial stability of ...

Jul 1, 2022

Commercial Rises In Surf City

By Cece Nunn, posted Jul 1, 2022

From his office in Surf City’s municipal complex, Town Manager Kyle Breuer can see proof that commercial development is on the rise in and around the Pender County coastal town.   “As we speak, I look out of my window and they are unloading materials for a new PetSmart directly in front of Town Hall, and then on the corner in front of Publix, you’v ...

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In The Current Issue

Film On Rebound; New Horse Enters Race

New soundstages in Wilmington are set to be constructed toward the end of the year – marking activity that appears hasn’t happened since the...


Commercial Tenants Navigate Rent Spikes

One of the realities small businesses throughout the area face when trying to find commercial space, which also include increasing rents and...


Stacking The (parking) Deck

The amount and cost of parking in urban settings is a ubiquitous topic, particularly in growing cities like Wilmington, where not everyone a...

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