Commercial Real Estate News

A new concept in Durham highlights an emerging trend in retail and hospitality spaces. Soif, a 593 SF coffee bar and cocktail spot with just 13 seats and no Wi-Fi, is designed to run with one bartender and a highly focused menu—espresso during the day, aperitifs and...

Raleigh just leveled up how residents and commuters stay informed. The Raleigh Active Construction Tracker is an interactive GIS map that shows City, State, and permitted private construction projects across the public right-of-way—color-coded by owner for quick...

The Sanford City Council approved a 10-year agreement for the 470-acre Vermilion project: 864 single-family homes 369 townhomes North of US 421 Bypass That’s 1,200+ new rooftops coming online. For building owners — future demand.For business owners — future customers...

The Chapel Hill-Carrboro Board of Education has approved initial site plans to replace the aging Carrboro Elementary School rather than close it, with construction expected to finish early 2028. The project is funded by the 2024 Orange County bond referendum and aims...

Retail giant Costco has withdrawn its application for a new store in Enka Commerce Park, citing increased scope, costs, and required on- and off-site improvements. The NCDOT had recommended substantial traffic mitigations, including dual left-turn lanes, dedicated...

Had lunch with a colleague of mine — two banking backgrounds talking currency, rounding, and fractions of a penny. 💵 Naturally, we landed on retailers: how are they handling change? Enter Zaxby’s: a sign telling exactly how they round at the register. Clear. Simple....

The N.C. Department of Transportation will conduct nightly closures on I-85 and N.C. 86 from 9 PM to 6 AM for critical bridge maintenance. Work aims to keep infrastructure safe and prevent long-term disruptions. 🛠️ What you need to know: Detours in place for...

After Hurricane Helene washed out part of I-40’s eastbound lanes, the North Carolina Department of Transportation (NCDOT) is partnering with a contractor to speed reconstruction in the Pigeon River Gorge. Key moves:• Temporary on-site concrete plant• On-site rock...

The South Wake Landfill is projected to be full by 2040–2045. County leaders are evaluating three options: •Build a new landfill (400+ acres required)•Haul waste to regional sites•Develop a waste-to-energy facility Estimated household impact ranges from ~$250 to $331...

Crooked Hammock Brewery is opening its first NC location this spring near Crabtree (4501 Edwards Mill Rd). The concept: full-service restaurant + large outdoor beer garden with games, fire pits, playground space, and a destination-style layout. Why It Matters For...

A major transit investment is moving forward in Durham. Led by GoTriangle, the planned Triangle Mobility Hub will be located near NC 54 and South Miami Blvd. Construction is expected to begin in 2027, with delivery targeted for 2029. The basics:• $58.2 million total...

The 2026 NC CCIM Triangle Economic Forum was a sold-out event — and a strong reflection of the depth and professionalism of our commercial real estate community. Grateful for the building owners, business owners, investors, and advisors who took the time to engage in...

A Buncombe County judge has ordered the owners of Asheville’s Mountaineer Inn to clean up a long-neglected property—or face a city-imposed lien to recover cleanup costs. ⚖️🏚️ Key takeaways for building owners and business owners: 🚯 Court-ordered remediation: Garbage,...

Shoreline erosion in the Outer Banks continues to accelerate, with 31 homes lost since 2020—and more following recent storms. What matters for owners & businesses:🏠 Homes can’t access insurance or NFIP funds until after collapse📉 Erosion averages 6–8 feet per year...

Darden Restaurants has announced permanent closures of select Bahama Breeze locations as part of a broader portfolio repositioning. Several of these closures directly impact North Carolina. North Carolina locations slated for closure:📍 Raleigh – 3309 Wake Forest...

Effective March 1, 2026, the Small Business Administration (SBA) will no longer guarantee loans for businesses owned by lawful permanent residents (green card holders) or any non-citizen ownership. Key points to know: SBA-backed loans are not direct loans, but...

The latest report tracks new projects, proposed development, and construction trends shaping the local market. 📊🏗️ It highlights where capital is being deployed, how land use continues to evolve, and what that may signal for future supply across retail, office, flex,...

A long-vacant 118,000 SF former Kmart at 4500 Western Blvd. has a new future after Raleigh City Council approved rezoning that allows up to 20 stories of mixed-use development on the 12-acre site near I-440. Key facts: Location: Western Blvd & I-440, just west of...

A recent Southern Living profile on Raleigh’s Players Retreat highlights something building owners and business owners don’t see often—a tenant that has survived multiple cycles without losing relevance. Why this matters in real estate terms: Location compounds over...

January 2026 data from the Wake County Register of Deeds shows a slowdown in activity without a meaningful pricing reset. What stands out: Transaction volume declined — 2,122 sales vs. 3,104 in December Median price dipped modestly — $450,000, down $5,000...