Real Estate - Residential

Dec 3, 2021

Plantation Village Marks $57M Phase Of Expansion Project

By Cece Nunn, posted About 22 hours ago

Senior living community Plantation Village this week marked the start of a project that will add homes and amenities to the 58-acre campus.  Located at 1200 Porters Neck Road in Wilmington, the community is home to 300 residents in apartments and villas. At a cost of nearly $57 million, the first phase of the expansion project includes adding 44 homes in four new b ...

Dec 1, 2021

A Wilmington buyer purchased the home at 513 S. Lumina Ave. on the oceanfront in Wrightsville Beach for more than $6.42 million this week. The sale breaks the most recent New Hanover County record, based on N.C. Regional Multiple Listing Service data, that was set in May. The nearly 4,500-square-foot, three-story home on a 74-foot-wide lot sold Nov. 30 and was o ...

Nov 23, 2021

October Slowdown: Brunswick County Home Sales, Volume Drop

By Staff Reports, posted Nov 23, 2021

Brunswick County’s residential real estate market in October experienced its first significant drop of the year in its monthly sales volume, according to a news release Tuesday. The total fell 19.5%, from $261 million to about $210 million, last month compared to October 2020. The only other month with a drop in total sales volume so far this year was August, ...

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The GIN at Castle Innovation Corridor

Posted Dec 2, 2021

The GIN at Castle represents a bold vision to transform 1110 Castle Street into a hub for inclusive entrepreneurship, arts and entertainment, community spaces, dining and flexible housing options for the community.

Genesis Block has a vision to leverage the advancement of entrepreneurship as a mechanism to promote economic prosperity and social reconciliation in our community. Th...read entire article

Nov 19, 2021

Rural Realtors See Some Similar Trends

By Cece Nunn, posted Nov 19, 2021

For 34 years, the residential real estate market numbers for Sampson County remained “pretty flat” in Deno McLamb’s experience.   McLamb, broker and owner of Southern Heritage Realty in Clinton, said that changed amidst the COVID-19 pandemic.   “This past summer, it spiked just like the rest of the country,” said McLamb, who coun ...

Nov 16, 2021

Downtown Apartment Complex Refinanced With $85M Loan

By Cece Nunn, posted Nov 16, 2021

A developer of apartments in downtown Wilmington recently secured an $85 million loan to refinance Pier 33, a 286-unit project along the Cape Fear River at 901 Nutt St. The loan was made to Pier 33 developer Dewitt Carolinas by H.I.G Realty Partners, an affiliate of H.I.G. Capital.  Ed Soccorso, CFO of Raleigh-based Dewitt Carolinas, said that by teaming up with ...

Nov 2, 2021

High-end Home Sales Increase In October

By Staff Reports, posted Nov 2, 2021

Luxury home sale numbers in the Wilmington area climbed again in October, continuing a 17-month streak of year-to-year sale increases, according to a report released Tuesday.  The streak for New Hanover, Brunswick and Pender counties started in June 2020, when experts say COVID-19 worries led people to flee larger cities and move to less-congested ar ...

Oct 29, 2021

Wilmington-based Firm Names New CEO

By Cece Nunn, posted Oct 29, 2021

A company based in Wilmington recently announced a new top executive. Dave Orr is now CEO of Community Association Management Services (CAMS), a Wilmington-based community association management firm with a presence throughout the Carolinas.  Orr, formerly president of CAMS, has taken over the role previously held by Dave Sweyer, who is currently co-owner of CAM ...

Oct 28, 2021

Riverlights Apartment Complex Sells For Nearly $64M

By Cece Nunn, posted Oct 28, 2021

A Florida firm bought an upscale apartment complex in Wilmington for nearly $64 million, according to an announcement Thursday. Middleburg Communities of Vienna, Virginia, a real estate investment, development and management company, sold Mosby at Riverlights, 4027 Watercraft Ave., to RAS Realty Partners. As part of a new branding initiative, Boca Raton-based RAS wil ...

Oct 22, 2021

A Charleston, South Carolina-based homebuilder recently opened an office in Wilmington as it works toward building homes in Riverlights, the 1,400-acre master-planned community on River Road. New Leaf Builders, founded in 2010, is occupying office space at Common Desk in downtown Wilmington, the company's first office location outside the Charleston area. The com ...

Oct 11, 2021

Home Sales Decline 17% In September

By Staff Reports, posted Oct 11, 2021

The number of home sales in the tri-county area declined last month, according to a report by Cape Fear Realtors. The number of units sold fell about 17% compared to September 2020, and pending home sales dropped by 12%, the report stated. September is typically a slower month for home sales in the region, Realtors say. Inventory levels plummeted by 48% in New Hanove ...

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