A tight commercial real estate market in Wilmington is expected to get even tighter as businesses that were flooded or damaged need to find new space and others move to town in the wake of Hurricane Florence, brokers say. The firms shopping for space in a lot of cases have been forced out of their previous locations because of temporary or permanent damage, while others ...

Filling retail spaces in the age of Amazon.com isn’t always easy.   Sometimes a location dictates how quickly an empty space, whether it’s a new or existing building, might be occupied by a new tenant. In April 2017, officials with electronics chain hhgregg decided to close all 220 of its stores across the U.S., including the Mayfaire Town Center locatio ...

Plans to build an 88-unit apartment complex in the 2600 block of North College Road will not proceed, according to a public hearing request by College Road Development Partners. Instead, a self-storage facility is now planned for the North College Road location, according to the request. A public hearing to revoke a previous rezoning request is scheduled during the N ...

A Wilmington-headquartered development firm is planning apartments and a self-storage facility near Third and Dawson streets. A self-storage warehouse and 38 apartments are being planned for a 2.8-acre parcel at 201 Wright St., a former Kenny Lovitt’s Auto Sales lot, said Robert High, owner Robert High Development LLC, a development firm that specializes in self-s ...

The developer of the restaurants at Port City Marina on downtown Wilmington's northern riverfront owes the project's contractor nearly $860,000, according to New Hanover County Superior Court documents. After a legal dispute that lasted more than a year between Northern Riverfront Marina & Hotel and Clancy & Theys Construction Co. over the two-restaurant ...

Developers and commercial real estate brokers are beginning to market part of a mixed-use development in the works for property at the intersection of Independence and Shipyard boulevards, according to an announcement Friday. The Graham Land Management plans described in a news release Friday afternoon include two 30,000-square-foot class A office buildings that will be ...

Wilmington-based Coastal Beverage Co. Inc. has announced the company has acquired its spot in the Pender Commerce Park. The company closed on the more than 27-acre property on Corporate Drive on Aug. 21, said Tee Nunnelee, president of Coastal Beverage Co., on Tuesday. “We are hoping to break ground immediately, now that we have the property closed,” Nunn ...

One of the newest buildings in the Mayfaire office park has changed hands for $7.36 million. A company that's part of SunTrust Bank bought the 30,000-square-foot structure The Offices at Mayfaire V as an investment that has been leased by one of Wilmington's largest health care providers, a broker announced Thursday.  "Last year, we were truly fortu ...

A company that assembles and repairs motorized pulleys in Wilmington began moving into bigger space this week. Rulmeca Corp. started relocating the company’s headquarters from Windmill Way to 3200 Corporate Drive on Tuesday, according to company officials.  "With lots of equipment, inventory, and furniture to be moved, the company will not be complete ...

Wilmington Brewing Co. is gearing up for expansion with the purchase of its current address and an additional property next door to its South Kerr Avenue location, planning to add an events space. Formerly leasing the space at 842 S. Kerr Ave., the locally-owned brewery and taproom purchased the 2-acre lot and building, and the nearly 3 acre-lot beside it at 800 S. Kerr ...