Commercial Real Estate News

Disney has released new images for the entrance to Asteria, its planned 1,500-acre Storyliving community in Pittsboro. A few numbers stand out: 🏘️ 4,000+ residential units📍 1,500 acres👨‍👩‍👧‍👦 Single-family + multifamily housing👵 Neighborhoods planned for residents...

Wake County's planned Western Bus Rapid Transit (BRT) extension will connect Downtown Raleigh, Cary, and RTP by 2035—but one notable takeaway is that Morrisville will largely be bypassed. For commercial property owners and business owners, this is a reminder that...

July's data shows a market that's still generating significant dollar volume, even as transaction activity slows. Here are a few takeaways: 🏢 Median sales price increased $15,500 to $458,500💰 Total transaction volume reached $1.7 billion🏗️ Three properties traded for...

A new 200-unit affordable housing development is underway on publicly owned land in South Raleigh, combining public resources, private investment, and housing tax credits to bring additional housing options to the market. The Chapanoke project is a strong example of a...

The 70-year-old downtown fire station, built by volunteers in 1954, is at the center of a discussion about what happens when a community landmark no longer meets modern operational needs. The Town of Apex is evaluating the future of the site, balancing:🚒 Modern public...

FOR IMMEDIATE RELEASE Oak Street Commercial Real Estate Completes Sale of Cary Office Condo in 46 Days Transaction provides former business owners with an exit strategy for commercial real estate they no longer need CARY, N.C. — August 12, 2026 — Oak Street Commercial...

Asheville City Council recently approved rezoning nearly 41 acres of the Asheville Mall property, creating more flexibility for future redevelopment. The discussion centered around a common issue facing many aging retail assets: ➡️ How do communities encourage...

The former Mountaineer Inn property in Asheville is drawing interest from Sheetz, which is exploring the potential redevelopment of the site into a convenience store and fuel location. While the final outcome is still uncertain, the bigger commercial real estate...

The NC Senate recently approved legislation that could make it easier to add accessory dwelling units (ADUs) — including backyard cottages, garage apartments, and in-law suites — in certain residential areas. 🏡 The goal: create more housing options by allowing...

📋 The numbers: 🔹 5% year-over-year increase in downtown visitors, per the Downtown Raleigh Alliance 🔹 40% spike in visitors on nights the Hurricanes played in the Stanley Cup Final 🔹 ~80,000 additional visitors across the six Cup Final nights combined 🔹 Watch parties...

📋 The deal: 🔹 160+ new jobs at Skyeton's first North American facility 🔹 Located in Fayetteville, home to Fort Bragg 🔹 $500,000 performance-based grant from the One North Carolina Fund 🔹 Average salary: $70,759 — well above Cumberland County's $49,382 average 🎯 Why...

📋 What's changing: 🔹 Application fees: $5,000 → $15,000 🔹 Renewal fees: $5,000 → $7,500 (term extended 20 → 25 years) 🔹 New one-time fee: $3/foot of cable in state waters (~$1M+ per new cable) 🔹 Revenue directed to Oregon's Common School Fund 🔹 Tighter...

While more than 30 North Carolina communities have adopted restrictions or moratoriums on data centers, Richmond County approved Amazon's $10 billion investment after evaluating nearly 50 competing industrial proposals. For building owners, developers, and business...

📋 The update: 🔹 Construction has now shifted to the second side of the street in downtown Apex's revitalization project 🔹 First side of the corridor is complete 🔹 Project continues to reshape the look and function of the town's historic core 🏢 Why it matters for...

FOR IMMEDIATE RELEASE Oak Street Commercial Real Estate Represents Buyer in $1.2 Million Downtown Durham Mixed-Use Acquisition 4,500-square-foot property acquired as part of a time-sensitive 1031 exchange after a two-year search DURHAM, N.C. — July 23, 2026 — Oak...

A packed room at month’s NC CCIM Lunch & Learn brought together commercial real estate professionals to hear directly from developers shaping the Triangle's future. 🏥 Medical🏢 Office🛍️ Retail🏭 Industrial Each panelist shared what they're seeing in today's...

National recognition like this can have a real impact on retail traffic. 📈 Handel's Homemade Ice Cream in Charlotte was recently recognized by National Geographic as the No. 1 ice cream shop on the planet. 🏢 Awards like this can drive destination traffic, increase...

Infrastructure improvements aren't limited to roads and utilities. A section of the American Tobacco Trail in Apex will be closed August 1 through October 31 as Wake County repairs landslide damage caused by Hurricane Helene. 📍 The closure impacts the section between...

Durham's position as a life sciences powerhouse continues to strengthen. 🏗️💊 AbbVie is moving forward with plans for a $1.4 billion pharmaceutical campus in Durham, with county leaders considering a $15 million incentive package to support the investment. Construction...

Wake County has approved funding for structural repairs at three elementary schools after engineers determined the buildings were unsafe to occupy. The schools, all constructed in the early 1990s, are facing significant structural settling that could delay the start...