Commercial Real Estate News

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...

🏗️ Alamance County is taking a closer look at large-scale data center development. County commissioners unanimously approved a one-year moratorium on new data centers requiring 10 megawatts or more of electrical power. The decision followed several hours of public...

The Town of Apex has sued a private property owner over an illegal student parking lot, with the town seeking $3,700 in violation fees plus $100 per day in additional penalties. ⚖️ 📍 The bigger issue: the school currently has 556 student parking spaces, with roughly...

I recently attended ULI Triangle’s Healthcare in the Built Environment event in Raleigh. A great panel discussion on how healthcare, population growth, development, and real estate continue to intersect across the Triangle. A few takeaways: 🏗️ Healthcare is...

Adventure Landing, a longtime Raleigh entertainment destination, will close its doors after nearly four decades of operation. The venue offered mini golf, go-karts, laser tag and hosted countless birthday parties, school events and community gatherings. From a...

The latest development statistics from the Town of Apex continue to show a significant pipeline of residential and commercial growth. 📊 Key themes: 🏠 60 residential Certificates of Occupancy issued 🚧 5,230 residential units currently under construction 🏢 2.25 million...

City Gateway, a new 10-acre mixed-use development, is underway near West South Street and Martin Luther King Jr. Boulevard. The project is expected to include: 🏢 140,000 SF of office🛍️ 30,000 SF of retail🏠 1,400 apartments/condos🏨 A hotel🏫 A charter school The...

After 30 years, Cafe Carolina and Bakery will close its final Raleigh location on August 31. The business previously closed its Cary and Chapel Hill locations and, according to the owner, tried several strategies to adapt—including menu changes, relocation and...

NCDMV is planning a new driver license office in Fuquay-Varina, scheduled to open in early 2027. The location will reuse a former Walgreens at 816 N. Main St. and will include: 🏢 14 service stations🚘 Driver license services🔖 License plate agency📍 One location serving...

That is the issue playing out in Buxton in North Carolina’s Outer Banks. Dare County is spending $50 million on a beach nourishment project that will move roughly 2 million cubic yards of sand onto a 3-mile stretch of shoreline. The goal is straightforward: protect...

Two familiar names are expanding their footprint: 🏌️ Merritt’s Grill is opening a second location inside the renovated Finley Golf Club clubhouse, providing dine-in, takeout and catering to both golfers and the general public. 🥯 Einstein Bros. Bagels is opening its...