Real Estate - Commercial

Jul 12, 2019

A Georgia hospitality firm plans to build a hotel at The Pointe at Barclay in midtown Wilmington. Owner Mehul Patel of Ideal Hospitality Investments Inc. said Thursday that the company intends to create a four-story, 108- to 110-room Home2 Suites by Hilton beside The Pointe 14 movie theater.  Wilmington Hotel Investors LLC, an entity of Ideal Hospitality of Pool ...

Jul 11, 2019

Old Wilmington City Market, Waterfront Property For Sale

By Christina Haley O'Neal, posted Jul 11, 2019

A historical building in downtown Wilmington has been listed for sale. Old Wilmington City Market, located on South Front Street in downtown Wilmington, has been placed on the market for $1.8 million, according to the property listing on the N.C. Commercial Multiple Listing Service. The building is in downtown Wilmington’s Central Business District an ...

Jul 8, 2019

A group of investors has purchased the former boat-building facility in Navassa where a manufacturer plans to create 299 jobs and invest more than $37 million. The group that bought the former U.S. Marine site at 100 Quality Drive, which includes 336,000 square feet of industrial space, is Quality Drive Partners Holdings LLC, with whom Pacon Manufacturing executed a lon ...

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Turning a Lifestyle Business Into a Business Enterprise

Posted Jul 8, 2019
Many business owners start their companies as lifestyle businesses to support a certain kind of lifestyle that they want. Some found businesses because they have an urge to create and build. Others want to be their own bosses. Still others want to control their own destinies.

Whatever the reason, many businesses start as and evolve into lifestyle businesses. This ...read entire article
Jul 8, 2019

A State Employees Credit Union branch is the latest plan for a site on South 17th Street that at one time was expected to be part of a Lidl grocery store-anchored center, according to documents submitted to the city of Wilmington. The site plans show an 8,590-square-foot branch building for SECU on about 4 acres at 4355 S. 17th St., one of the parcels where developers h ...

Jul 5, 2019

Wave Of Commercial Interest Near The Sea

By Cece Nunn, posted Jul 5, 2019

In recent years, existing residential growth and the potential for more around Pender County’s Topsail Island, including its largest town, Surf City, has drawn the interest of commercial developers and brokers.   Surf City has a year-round population of more than 2,300, according to a recent U.S. Census count.   But there are thousands more residents wi ...

Jul 3, 2019

Changes to the former Cape Fear Serpentarium property in downtown Wilmington are slated to take place over about seven months. That's according to Terry Espy, real estate broker and president of MoMentum Companies, who represented Donald S. Bland in the purchase of the property, which was completed last week. The purchase price of the property, located ...

Jul 1, 2019

An investment firm in New York has acquired local self-storage properties in a multi-million dollar deal that closed last month. Prime Group Holdings bought several Monkey Junction Self Storage Inc. facilities, including on Carolina Beach Road in Wilmington and one in Leland, according to deeds. The real estate alone, deeds show, cost the new owner at least $36 million. ...

Jun 25, 2019

With ILM Business Park Fully Leased, Land Still Open For Development

By Christina Haley O'Neal, posted Jun 25, 2019

Two tenants filling the last available building space in the Wilmington International Airport (ILM) Business Park are slated to be finished outfitting their spaces by August, according to Carol LeTellier, ILM’s business development director. With the final tenants solidified, the ILM Business Park is fully leased, she said. Now there remains 140 acres available fo ...

Jun 25, 2019

Medical Building In Wilmington Sells For More Than $5M

By Cece Nunn, posted Jun 25, 2019

A medical office building in Wilmington sold to investors recently for more than $5 million. The property at 1725 New Hanover Medical Park Drive is home to New Hanover Regional Medical Center Physician Specialists-Internal Medicine Specialists, according to NHRMC's website. The local doctors who owned the 17,000-square-foot structure sold it to Charlotte-based in ...

Jun 24, 2019

A new clinic opening at Mayfaire Town Center aims to help athletes of all kinds get their mojo back. But it's not magic; it's physical therapy. Jon Duplessis, chief therapist for Mojo SportClinic, has been a physical therapist for more than two decades. His experience includes working for 13 years in Wilmington out of a clinic across Military Cutoff Road from Ma ...

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In The Current Issue

Boosting Burgaw

Now that Richard Johnson is living in Wilmington, he hopes to use the same marketing skills that helped grow HotJobs to create a successful...


BB&T, SunTrust Announce Merged Name

The new name, announced June 12, reflects a common thread from both banks, as each has the word trust as part of its name....


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As affordable housing becomes ever more scarce, people are looking to alternatives to single-family homes and apartments....

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