Real Estate - Residential

Aug 27, 2024

The Charlotte office of global real estate firm CBRE has arranged a $48.5 million loan for the refinancing of Wilmington apartment complex Element Barclay Station, according to a news release. Located at 1841 Dusty Miller Lane, Element Barclay Station is a nine-building, 286-unit garden-style apartment complex completed in 2023. The complex includes one- to three-b ...

Aug 27, 2024

Historic Wilmington Foundation Puts Headquarters Up For Sale

By Staff Reports, posted Aug 27, 2024

The Historic Wilmington Foundation has put its headquarters on the market with a list price of $650,000. The 3,100-square-foot house at 211 Orange St., which has four bedrooms and 2.5 bathrooms, was built in 1912. According to property tax records, HWF bought the property for $375,000 in 2019 from the Walter M. Bullard Jr. Trust.  “As an organization ...

Aug 8, 2024

Corcoran HM Properties, an affiliate of New York City-based Corcoran Group LLC, has acquired a local residential real estate firm. Corcoran officials announced their acquisition of Wilmington-based agency The Property Shop International Realty in a news release Thursday. Valerie Mitchener, broker and owner of Corcoran HM Properties, stated in the release, & ...

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Look Out for Hurricane and Gold Bar Scams

Posted Jul 31, 2024
The Carolina coast is no stranger to natural disasters with an active hurricane season predicted this year. In 2023, post-disaster fraud cost Americans over $9.3 billion, according to the National Insurance Crime Bureau (NICB). With hurricane and wildfire season ...read entire article
Jul 26, 2024

A Virginia-based real estate firm recently announced the acquisition of Seaboard at Sidbury Station in Castle Hayne. Capital Square, a company that sponsors tax-advantaged real estate investments and develops and manages multifamily communities, acquired the rental housing community in a $39.3 million deal on behalf of CS1031 Sidbury Station BFR Housing DST, according t ...

Jul 26, 2024

Brunswick County’s real estate market showed some ups and downs in June, according to a report by the Brunswick County Association of Realtors. The county's inventory of homes for sale increased, while prices and total sales volume both dropped compared to June 2023, the report stated. The number of homes sold in June, 551, was nearly identical to last year ...

Jul 19, 2024

KBT Realty Group, a Keller Williams Innovate team, has been selected as the exclusive seller's agent for JD Signature Homes' new home developments in Wilmington, according to a news release. "This collaboration marks a significant milestone for both companies," the release stated. JD Signature Homes has multiple residential development projects unde ...

Jul 12, 2024

Funding Available For Workforce, Affordable Housing Projects

By Staff Reports, posted Jul 12, 2024

New Hanover County offcials are looking for developers and agencies to vie for funds set aside for workforce and affordable housing. For-profit and nonprofit entities can submit proposals for the money through 5 p.m. Aug. 5. The Workforce Housing Services Program has $3 million allocated for this funding cycle, according to a news release.   "This m ...

Jul 9, 2024

Developers Pay $8M For Surf City Property

By Staff Reports, posted Jul 9, 2024

Developers recently paid $8 million for a 7-acre residential development site on Topsail Island, brokers said Tuesday. The Surf City property includes multiple tracts on N. New River and N. Topsail drives, stretching from the ocean to the sound, according to a news release from Wilmington-based real estate firm Cape Fear Commercial. A few of the tracts pr ...

Jul 9, 2024

When Chris Dunbar and his wife, Crystal, decided to build a home on Figure Eight Island, they were attracted to the exclusive community’s look, feel and location. The island’s proximity to I-140 “makes it so convenient from I-40 and the airport,” said Chris Dunbar, president and chief operating officer of High Point-based Blue Ridge Companies.&nb ...

Jun 28, 2024

Brunswick County's residential real estate market surpassed $1 billion in sales volume in May, according to a report released recently by the Brunswick County Association of Realtors. The number of homes sold in May was down slightly compared to the same month in 2023, but the total was the highest of any month so far in 2024, the report stated. The market also saw ...

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