Real Estate - Commercial

Mar 16, 2023

Earlier this month, a subsidiary of Riptide Builders purchased land from a China-based company, picking up the Sea Trail Convention Center in Sunset Beach.  Sea Trail Investments LLC bought about 22.1 acres from Chinaway Corporate Development LLC on March 3 in a nearly $2.5 million deal, county records show.  The purchase includes the nearly 31,600-square-f ...

Mar 6, 2023

A developer who restored historical buildings on North Front and Princess streets in downtown Wilmington has turned his attention to another corridor. Recently, James Goodnight bought 555 Castle St. for $800,000 from the Davis family, according to property tax records.  The purchase adds to what Goodnight refers to as an assemblage of properties on Castle, which ...

Mar 3, 2023

Taking Stock Of Wilmington's Office Space

By Cece Nunn, posted Mar 3, 2023

The office market in Wilmington seems to be faring better than in larger areas, commercial real estate brokers and market statistics show. Despite some well-known Wilmington vacancy examples that include the 12-story Thermo Fisher Scientific Inc. building downtown and the former Verizon call center off Shipyard Boulevard, a recent CoStar Group report shows the area had ...

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Chad Pearson
UBS Decision Point Wealth Consulting

The Three Dimensions Of Selling Your Business

Posted Sep 22, 2021
With our team of Certified Exit Planning Advisors and CERTIFIED FINANCIAL PLANNER™ professionals, Chad Pearson, Donis Smith and Jillian Dempsey,  as well as access to the resources of UBS, we can help you at every state of your business lifecycle, whether you’re accelerating growth, evaluating value, preparing a transition or planning your post-exit life. entire article
Mar 2, 2023

Major development leaders shared updates Thursday on their Wilmington-area projects, from downtown transformations to projects underway near Wrightsville Beach. For example, Wilmington Mayor Bill Saffo shared that the city’s purchase of properties in northern downtown has given the city “a seat at the table” to determine what that area’s transfor ...

Feb 27, 2023

Sheetz Submits Plans For Midtown Location

By Staff Reports, posted Feb 27, 2023

A convenience store with a dedicated fan base is planning to establish its first location in Wilmington.  Pennsylvania-based Sheetz submitted plans to the city of Wilmington Monday for a planned store and gas station.   Proposed at 2435 Independence Blvd., the location would take the place on the corner of Independence and Shipyard boulevards, where Barr Ev ...

Feb 16, 2023

A Wilmington commercial real estate group on Thursday announced the winners of its Awards of Excellence during the program's fifth annual ceremony. Cape Fear Commercial Real Estate Women (CREW) revealed the projects and individuals who earned the top prizes during a lunch event attended by nearly 300 at the Wilmington Convention Center.  "This year&rsqu ...

Feb 3, 2023

When The Government Becomes A Landlord

By Johanna F. Still, posted Feb 3, 2023

Should a complicated deal come to fruition, the city of Wilmington could become a landlord over office space in the city’s tallest building. This wasn’t the city’s intention. Officials realized the Thermo Fisher Scientific building could be a cost-saver, given estimates that rebuilding and consolidating city offices at 305 Chestnut St. could cost up ...

Feb 3, 2023

Tennessee-based veterinary and medical real estate investors bought the former N2 Publishing building in Wilmington for $5 million, according to a deed. N2 shut down its facility at 5051 New Centre Drive in Wilmington and last year listed the building for sale, a result of its plans to build a new production facility in Irving, Texas.  Officials with Clarity Ven ...

Jan 31, 2023

Law Firm Relocates From Downtown To Autumn Hall

By Staff Reports, posted Jan 31, 2023

Law firm Cranfill Sumner LLP has relocated from its downtown office to a new location in Autumn Hall.  The new space, at 5535 Currituck Drive Suite 210, was designed to match the brand’s company colors and meet employee needs. “The office will offer traditional office space for on-site employees as well as workstations and reservable offices for employe ...

Jan 31, 2023

A Wilmington-based development firm investigating what role it might be able to play in the next iteration of Project Grace shared an update on its efforts Tuesday. Their work has included asking other businesses for support as it considers navigating what could be a difficult bureaucratic endeavor. The outreach effort is part of a series of steps Cape Fear Development ...

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