Commercial Real Estate News

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...

A recent audit found North Carolina has spent approximately $61 million studying and planning the proposed Mid-Currituck Bridge project since 1995 — yet construction has not started. 📊 Key takeaways: • 💰 $61M spent over nearly 30 years• 🌉 Estimated project cost has...

Governor Josh Stein has signed legislation delaying the implementation of recent property revaluations until January 1, 2027. 🔑 Key takeaways: • 🏠 Property tax bills will continue using prior assessed values through 2026• 📅 Property owners now have until December 31,...

Approval isn't just about the proposed use—it's about proving the infrastructure can support it. 📍 The court upheld Pender County's denial of a proposed 2,360-acre solar farm after finding insufficient evidence regarding:⚡ Electrical transmission capacity💧 Stormwater...

A renovated Refuel location in Chapel Hill is preparing to reopen with a new mural from local artist Scott Nurkin, whose original Dean Smith mural became a local landmark for many residents. 📍 Takeaways:• Retail properties can become community landmarks• Public art...

👀 Full-window graphics, prominent signage, and creative marketing are hard to miss. It got me thinking: ❓Do signs like these actually generate calls?❓Or is their real value simply creating awareness and staying top-of-mind? In an industry increasingly focused on...

Fort Bragg's main All-American Gate will close for approximately 2 years beginning in July as part of a $15.5 million infrastructure improvement project. 🏗️ 📍 Key impacts:• 65,000–80,000 vehicles per day will be rerouted• Traffic patterns will shift across multiple...

JetZero has officially broken ground on its planned manufacturing facility and headquarters in Greensboro. 🏗️ 📍 Why it matters:• Up to 14,500 jobs projected• One of the largest economic development announcements in North Carolina history• Significant long-term...

Wake Forest's popular Friday Night on White concert series attracts between 3,000 and 10,000 visitors per event, but some downtown business owners say the crowds are actually hurting their bottom line. 📍 Concerns raised by local merchants: • 🚧 Street closures limit...

Chapel Hill, NC — Oak Street Commercial Real Estate has successfully completed the lease-up of a second-generation retail portfolio in Chapel Hill, North Carolina. The assignment included multiple retail suites that had become vacant, representing a value-add...

The building was originally designed in the era of horse-drawn fire equipment. Today, it still serves as an active fire station—just with a modern fire engine instead of horses. Seeing the original floor plan alongside the building itself was fascinating. The mission...

The latest development data from the Town of Apex highlights continued momentum across residential, commercial, and infrastructure projects. 📊 Key takeaways: • 🏘️ New residential growth remains strong• 🏢 Commercial development continues to expand• 🚧 Infrastructure...

A new 65-acre nature preserve has officially opened near Wake Forest, transforming land that was once slated for residential development into permanently protected open space. 📍 Old Creedmoor Nature Preserve Highlights: • 65 acres of protected forest, streams, and...

📍 Key takeaways: • Property taxes will increase by approximately $90 per year on a $450,000 home.• The budget was approved unanimously by the Board of Commissioners.• County leaders cited inflation, population growth, tariffs, and state budget uncertainty as factors...