Real Estate - Residential

Jun 11, 2021

Residential real estate firm Nest Realty Wilmington is opening an office in Hampstead. The company, which has nearly 60 agents, has two other offices in the Wilmington area, one at Mayfaire Town Center, 990 Inspiration Drive, and one at 112 Cape Fear Blvd. in Carolina Beach. The Hampstead office will be about 1,500 square feet on the second floor of the April Jones I ...

Jun 10, 2021

A local homebuilder recently bought more than 1,000 acres in Pender County with an eye toward future development. Wilmington-based McAdams Homes and partners bought 612 acres on Island Creek Road for $5.8 million and 411 acres on Sidbury Road in Scotts Hill for $6 million. The sellers were entities controlled by Jim Teachey.  McAdams Homes also bought 130 acr ...

Jun 4, 2021

Hundreds of new apartments could be coming to Carolina Beach Road if one of the latest development proposals in New Hanover County comes to fruition. A national developer, Thompson Thrift Development Inc., is planning 15 buildings with about 300 units. As a result, the company is seeking to rezone the property at 6124 Carolina Beach Road from Regional Business (B-2) to ...

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Genesis Block

Salient Points From The Genesis Block Minority Accelerator

Posted May 19, 2021
The first cohort of the Genesis Block Back on the Block Minority Accelerator will graduate on May 27, 2021 at 6:30 p.m. in a distinguished ceremony held at Genesis Block. Ten companies were selected to participate in this program designed to provide entrepreneurship training, mentoring, networking, collaboration opportunities and access to capital. These companies are now ready to re-enter th...read entire article
Jun 3, 2021

The $6.4 million sale of a Wrightsville Beach home broke the previous record for the most expensive New Hanover County sale ever recorded in the local MLS.  The latest sale price for the home at 915 S. Lumina Ave., which sold May 10, also represented a $1.4 million increase from its last sale in July 2019, according to a luxury market report by Wilmington-based Jus ...

May 28, 2021

Denise Kinney, the new president of Wilmington-based residential real estate firm Coldwell Banker Sea Coast Advantage, answered some questions recently about her life, her career and the real estate market. An agent for 20 years, Kinney served as broker in charge for two other companies before joining Coldwell Banker Sea Coast Advantage in 2008. Kinney’s journey t ...

May 27, 2021

A real estate agency based in Jacksonville has merged with Wilmington-headquartered Coldwell Banker Sea Coast Advantage, according to an announcement this week. A news release stated that the merger of Coldwell Banker Alliance Group Realty with Sea Coast will give the venture a greater presence in eastern North Carolina. As a result of the merger, two staff members came ...

May 24, 2021

More Than 900 Apartments In The Works In Leland

By Cece Nunn, posted May 24, 2021

More apartments are coming to the rapidly growing northern Brunswick County town of Leland. Either under construction or in various stages of development are more than 900 apartments in three complexes on Westgate Drive. In addition to apartments, the 550-acre Westgate community includes retail and dining projects and single-family homes, as well as the 146-acre ...

May 21, 2021

In Hot Market, New Homes Shine

By Cece Nunn, posted May 21, 2021

The area housing market’s feverish activity has led some homebuyers to give up on trying to find an existing home that meets their needs.   The frenzied buying atmosphere, with multiple offers coming in within days, or even hours, of listing a home, is leading to higher prices and other side effects, including some potential buyers going so far as to submit co ...

May 21, 2021

Land developer and homebuilder Brookfield Residential is acquiring Riverlights development company Newland, according to a recent announcement. For Brookfield, the acquisition will provide immediate access to nine new markets, including Wilmington, and add strength in five other locations, a Brookfield news release stated.  The move "significantly wide ...

May 18, 2021

The Wilmington area's largest residential real estate firm has a new president. Denise Kinney, formerly senior vice president and general manager, has been promoted to president of Wilmington-based residential real estate firm Coldwell Banker Sea Coast Advantage. Previous President Tim Milam is transitioning to the role of CEO. “The level of enthusiasm and ...

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