Real Estate - Residential

Nov 26, 2024

Brunswick County planning officials are set to consider a proposed development that would include more than 1,100 residential units near Southport. Formerly called Project Indigo, the project has been in the works for several years and would have a mix of housing, including apartments and a Continuing Care Retirement Community (CCRC), said McKay Siegel of East West Part ...

Nov 15, 2024

For $48M, Florida Firm Buys Apartments In Porters Neck

By Cece Nunn, posted Nov 15, 2024

Florida-based RAS Realty Partners has purchased another apartment community in Wilmington, paying more than $48 million for Beaumont Oaks at Porters Neck. The complex, at 115 Beaumont Oaks Drive, has 204 units in 11 buildings, a nearly 5,000-square-foot clubhouse and 49 private garages. RAS also owns the adjacent 34 townhomes, which the company bought for $15.25 mill ...

Nov 8, 2024

Local and state election results will hopefully give a boost to homebuilders – and housing affordability – in the Wilmington area, according to participants in a panel discussion on Friday about the post-election market. Shawn Horton, owner of Wilmington-based Trusst Builder Group, said, “It’s really local that matters, local and state, ...

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Strategic planning is the bedrock of long-term business success, providing a clear roadmap for organizations to navigate the complex and ever-changing market landscape. Conducting this planning on an annual basis is crucial for several reasons, ensuring that companies remain agile, forward-thinking, and resilient in the face of both opportunities and challenges.
 
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Nov 8, 2024

Apartments could rise on property where a bowling alley used to be on Shipyard Boulevard in Wilmington. Plans submitted by a development company show 19 proposed buildings that would hold more than 450 apartments at 3907 Shipyard Blvd. The site plans also show two three-story buildings with a total of 43,600 square feet, marked "office/commercial" on the drawi ...

Nov 1, 2024

A troubled apartment complex in Leland has a new owner after selling for a bargain. Huntington, New York-based URS Capital Partners, a real estate investment firm, paid a little over $21 million for The Park at Village Oaks, a 126-unit apartment community at 114 Parsley Lane in Leland. The price was nearly $10 million less than the previous owner paid in 2022. ...

Oct 25, 2024

From 2016 to last year, Del Webb built more than 500 homes for buyers ages 55 and older in Riverlights, the 1,400-acre master planned community on River Road in Wilmington. Now the builder is focusing on an even bigger hotspot for active adults in their 50s: northern Brunswick County. A brand of national firm PulteGroup (NYSE: PHM), Del Webb specializes in 55-pl ...

Oct 17, 2024

The N.C. Regional Multiple Listing Service (NCRMLS), the MLS used by Wilmington-area Realtors, is transforming to Hive MLS and Hive Solutions, according to a news release. "The new Hive brand marks a pivotal moment in the organization’s evolution, signifying its ongoing commitment to serving and supporting the success of real est ...

Oct 16, 2024

A proposed development could bring 580 new apartments, townhomes and single-family homes to a 60-acre tract off Independence Boulevard in Wilmington.  The Wilmington Planning Commission is set to consider a rezoning application for the project, which includes 512 apartments, 43 townhomes and 25 single-family homes, next month. The land slated for the project at 399 ...

Oct 15, 2024

Luxury Home Market On Track For Another Record-breaking Year

By Staff Reports, posted Oct 15, 2024

For the third year in a row, the luxury housing market in the Wilmington area has surpassed $1 billion. It's never happened this early in the year, according to a luxury market report released Oct. 10 by Wilmington-based Just For Buyers Realty. In both 2022 and 2023, the milestone was reached with the final sales recorded in December, the report stated. ...

Oct 4, 2024

Brett Blizzard could have stayed in Italy after playing professional basketball there for 16 years. But upon retirement, the father of five decided to return to Wilmington, where he attended UNCW from 1999-2003, earning a bachelor's degree in communication studies and a spot in the school's athletic hall of fame for his standout Seahawks and CAA basketball ...

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In The Current Issue

Branching Out

Live Oak Bank’s latest spinoff emerged last month with the announcement of its $4.8 million seed round....


Couple Gets Moving With Beach Carts

The idea for the Beach Mule, an electric beach cart, came to company owner and founder Will Parker while on the Bald Head Island ferry....


Rebranded MLS Follows Tech Buzz

When officials rolled out Hive MLS, a rebranded version of the former N.C. Regional Multiple Listing Service, they said Hive comes with new...

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