Commercial Real Estate News

I recently attended the ribbon cutting for Hibachi 88’s newest location in downtown Raleigh. 🍽️ This is their 8th location, and they are making this one their flagship. It was a great event with plenty of people, great food, and a lot of excitement around the opening....

The State Farmers Market Restaurant has been serving Southern comfort food since 1955, and it is still drawing lines out the door. 📍 The restaurant originally opened on Hodges Street before moving to the State Farmers Market in 1991. 🌾 Today, it sits within the...

The Kroenke Organization is planning a 52-acre mixed-use neighborhood in Woodland Hills as part of nearly 100 acres it acquired in 2022. The anchor will be the Los Angeles Rams’ permanent headquarters, with more than 350,000 SF of facilities. 🏟️ Plans also call for a...

Holy Trinity Anglican Church is proposing a new site along Old Lystra Road in southern Orange County, and the plan includes more than just a new church. ⛪ The church is proposing a 10,000-square-foot, two-story facility after outgrowing its current location on U.S....

George Vanderbilt first came to Asheville in 1887, but the Blue Ridge Mountains are what convinced him to stay. According to Southern Living, he eventually acquired about 125,000 acres and built what became Biltmore Estate. 🏡 Biltmore House was completed after roughly...

The Lucas Museum of Narrative Art opens to the public on September 22, and the scale of the project is impressive. 🏛️ The museum includes a 300,000-square-foot building with more than 100,000 square feet of gallery space across 30+ galleries. 🌳 It sits within a...

I recently made the trip to Asheville for the North Carolina CCIM State Conference, and even got to drive through a few clouds on the way in. It was a great chance to connect with CCIMs from across North Carolina and beyond, make some new connections, and catch up...

Wake County commissioners are set to vote on the proposed combination of WakeMed and Atrium Health, a deal that has drawn months of debate over cost, transparency, and future investment. 💰 Atrium has committed to a $2 billion investment in WakeMed capital projects...

The latest development statistics from the Town of Apex continue to reflect strong growth pressure across residential, retail, industrial, and mixed-use sectors. 📊 Key themes: 🏗️ Ongoing pipeline of residential and commercial projects 🚧 Continued infrastructure...

North Carolina regulators have approved air permits for 649 diesel generators tied to Amazon’s massive data center project near Hamlet. 🏗️ Amazon’s permit covers 592 emergency generators, while Duke Energy received approval for 57 temporary generators that will...

That is not a headline you see every day. A major rebuild of Louisburg Road in northern Wake County is complete, about a year ahead of schedule. The work focused on the busy area around Perry Creek, Mitchell Mill and Ligon Mill roads, where congestion has been a...

Starting September 8, Lake Wheeler Road through Dix Park will close to through traffic, with the closure expected to last until summer 2028. The project is more than a repaving job: 🚶 New sidewalks and crosswalks🚲 A bike path along the park🔄 Multiple new roundabouts🚌...

📍 The former Rex Hospital property on Wade Avenue could be sold by the state next year. 🏢 The site is nearly 16 acres between Village District and Hayes Barton. 💰 Wake County currently assesses the property at about $58.3 million. 🏗️ It has been talked about as a...

🏠 Wake County’s median real estate sales price fell to $440,000, down $18,500 from July. 🏢 The $1M to $30M market recorded 234 transactions totaling $558.9 million, down $57.9 million from July. 📊 The core market, transactions of $1 million or less, recorded 5,954...

📍 A recent survey named South Lumina Avenue in Wrightsville Beach the most stressful place to park in North Carolina. 💵 Parking generally runs about $5/hour on the street and $6/hour in lots. 🚶 Heavy pedestrian traffic and roughly a dozen nearby beach access points...

📚 Colorado has opened what is being called the first public “nature library” in the U.S. 🏢 The Anythink Nature Library includes a 33,000-square-foot building on a 15-acre campus. 🥾 The property also connects to roughly 140 acres of protected open space through a...

🏬 University Place will launch UP Social on September 16, creating Chapel Hill’s first entertainment district. 🥂 Guests 21+ will be able to purchase alcoholic beverages from participating restaurants and carry them throughout designated areas of the development. 🍽️...

🐺 NC State welcomed astronaut Christina Koch back to Raleigh following her historic Artemis II mission. 🌕 Koch became the first woman to travel around the moon as a mission specialist on Artemis II. 🏫 NC State renamed Engineering Building II as Christina Hammock Koch...

I’ve driven by this retaining wall for months and watched it slowly become… more of a retaining suggestion. At this point, grass has started growing in the gravel. 🌱 So maybe the real question is: Is it still retaining enough? I guess that’s between the wall, gravity,...

NCDOT is taking a new approach to replace three aging Wrightsville Beach bridges — with the goal of finishing by Spring 2030, about two years ahead of schedule. 🏗️ 🚗 Two lanes will remain open throughout construction🚶 Improved pedestrian access🚴 Better cyclist...