Commercial Real Estate News

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...

A few notable trends: Median sale price dipped slightly from $470,000 to $465,000 Four transactions exceeded $30 million, including Capital Marketplace in Raleigh ($80.6M) Transaction volume increased month-over-month Lending activity cooled modestly, with deed of...

For a median-priced $450,000 home, that's roughly $90 per year. The increase is intended to help fund public safety, education, infrastructure, and other services as the county continues to grow. For commercial property owners and investors, it's another reminder that...

Géos Tavern & Oyster Bar will open June 8 in the East 54 development, bringing a 220-seat seafood-focused gastropub concept to the market. The restaurant comes from Giorgios Hospitality Group and will feature multiple dining environments, including a tavern,...

Capital Marketplace, a 383,000 SF shopping center on Capital Boulevard, has sold for approximately $80.6 million to Principal Financial Group. The center is anchored by tenants including BJ's Wholesale Club, Burlington, and ParTee Shack, and sits in an area that has...

A proposed 383-acre mixed-use community in northern Chatham County remains under scrutiny as residents and county officials weigh the impacts of growth. Fearrington Preserve would add approximately 630 housing units, including affordable housing, near Briar Chapel....

Charlotte added more than 20,000 residents between 2024 and 2025, making it the fastest-growing large city in America by total population growth. For years, Charlotte attracted residents seeking a combination of jobs, affordability, and quality of life. Today, many of...

Apex, NC — Oak Street Commercial Real Estate is pleased to announce the successful long-term lease of a medical office condominium located within the prestigious Apex Medical Park in Apex, North Carolina. The property was secured on behalf of the landlord after Oak...