Commercial Real Estate News

Infrastructure improvements aren't limited to roads and utilities. A section of the American Tobacco Trail in Apex will be closed August 1 through October 31 as Wake County repairs landslide damage caused by Hurricane Helene. 📍 The closure impacts the section between...

Durham's position as a life sciences powerhouse continues to strengthen. 🏗️💊 AbbVie is moving forward with plans for a $1.4 billion pharmaceutical campus in Durham, with county leaders considering a $15 million incentive package to support the investment. Construction...

Wake County has approved funding for structural repairs at three elementary schools after engineers determined the buildings were unsafe to occupy. The schools, all constructed in the early 1990s, are facing significant structural settling that could delay the start...

Frito-Lay announced that 68 warehouse employees in Raleigh will be laid off as it restructures warehouse operations at its Midway West Road facility. The company emphasized that the site will remain operational, with changes focused on how warehouse functions are...

Commercial real estate isn't just about buildings—it's about the workforce that fills them. 👷‍♂️🧬 Wake Tech plans to relocate its Western Wake campus to Veridea in Apex, placing students directly alongside one of the Triangle's fastest-growing employment hubs. 📍 The...

The latest development report from the Town of Apex shows growth continuing across the community, while commercial construction remains firmly in the pipeline. 📊 Key highlights:🏠 69 residential Certificates of Occupancy were issued👥 Apex experienced modest growth in...

A $350,000 public restroom approved through Durham's Participatory Budgeting program will move forward as a standard restroom, replacing the originally proposed self-cleaning model. For downtown businesses and commercial property owners, this is about more than public...

Wake County real estate activity continued to strengthen in June, with several key metrics moving higher: 🏡 Median sales price increased to $475,000 (+$10,000 from May)💰 Total transaction volume exceeded $1.84 billion📈 3,641 real estate transactions closed, up 12.1%...

Western North Carolina's first multi-lane roundabout has opened in Haywood County as part of a $38.5 million transportation project designed to improve safety and mobility. 🚧 For commercial real estate, infrastructure investments like this often signal more than...

A new report ranked Cary as the 5th safest city for drivers in the U.S., with Raleigh, Durham, and Fayetteville also placing among the nation's safer cities. 📊 For commercial real estate, that's more than just a transportation statistic. 📍Safe, efficient road networks...

After Tropical Storm Chantal caused an estimated $11 million in damage, many businesses have reopened—but not all. Some spaces remain vacant, while others are being backfilled with new tenants. For property owners and business owners, severe weather is becoming more...

A class action lawsuit has been filed against Microsoft over alleged noise from one of its Wisconsin data centers, with nearby residents claiming HVAC systems and cooling equipment created persistent off-site noise. Microsoft says it has implemented mitigation...

Greensboro is exploring a pilot program to close a block of South Elm Street to vehicle traffic and convert it into a pedestrian-focused space. 🌳🪑🚶 For property owners and business owners, it's an interesting case study in placemaking. 📍 Potential impacts:• 🚶...

Saint Augustine's University continues through Chapter 11 bankruptcy, and one of the options being considered is the sale of portions of its 105-acre Raleigh campus. 🏢📍 For commercial real estate, this raises a much bigger question: ➡️ What is the highest and best use...

The latest quarterly business update shows a market that's continuing to evolve through a mix of new openings, expansions, relocations, and closures. 📍 📊 A few notable trends:• 🏗️ Continued investment in mixed-use developments like MOSAIC and University Place• 🍽️...

The City of Raleigh is considering selling the South Wilmington Street Station Parking Deck—home to one of downtown's popular free two-hour parking programs. 📊 Why it matters:• 🏙️ The deck has seen a 37% increase in usage since free parking was introduced.• 🛍️ It...

Saw that sign on a vacant piece of land the other day. First thought—probably tired of getting calls. 📞 Then I wondered… how many of those calls actually come from someone who drove by the property, versus someone pulling it from GIS or a database and targeting it...

The federal government has committed an additional $65 million to advance the Raleigh-to-Richmond S-Line rail project, including acquisition of the rail corridor and continued construction of key grade separations. 🚧 📍 Why it matters for property owners and...

Chapel Hill-Carrboro City Schools recently voted to close Glenwood Elementary after the 2026-27 school year, citing long-term enrollment declines. District enrollment has fallen from approximately 12,000 students a decade ago to around 10,000 today, with projections...

Recent water restriction warnings in Raleigh highlight an often-overlooked reality: not all communities in Wake County rely on the same infrastructure. 📍 Raleigh and many eastern Wake County communities receive water from Falls Lake. 📍 Meanwhile, Apex, Cary, and...