Commercial Real Estate News

Gipson Play Plaza at Dorothea Dix Park has been nominated for USA Today 10Best Readers' Choice Awards — highlighting its role as a regional destination 18.5-acre playground (largest in the Southeast)Designed for all ages with ADA accessibilityFunctions as both a...

The Cary is rolling out two upgrades across its 100+ mile greenway system: Artistic striping on key corridors like Black Creek Greenway and White Oak Creek Greenway to improve safety + visibility10 new Eco-Counters to track usage, traffic patterns, and peak demand Why...

A study by the John Locke Foundation found:Property tax revenue up 63% over 10 yearsBenchmark (inflation + population): 51%~$2.7B in additional taxes collected Largest increases in Wake County and Cabarrus County What It Means Owners: Pressure on NOI +...

If you’ve been through Salem Street lately, you’ve likely seen the disruption firsthand. Streets are being torn up as part of the ongoing streetscape improvements in Apex—a short-term inconvenience tied to a longer-term investment in the downtown core. What this...

The North Carolina CCIM Chapter recently hosted a Lunch & Learn featuring Joe Graziose of @RXR and Amanda Bunce of @Apex Planning, offering a direct update on Veridea—a planned 1,100-acre mixed-use project in Apex. Key Takeaways for Owners & Operators: Scale...

The Town of Apex is seeking artists for two new murals: Saunders Street (downtown) Apex Nature Park amphitheater Designs will go through committee input, public feedback, and Town Council approval—a thoughtful, community-driven process. Focus is on large-scale,...

After Natelli Investments pulled its New Hill Digital Campus proposal, Apex is moving toward a one-year moratorium on data centers to study community and environmental impacts and update regulations. Key points:• Moratorium gives the town time to research impacts and...

Duke Energy recently opened a large-scale battery storage facility in Knightdale, adding to the region’s growing energy infrastructure. Key details:• 100 MW battery capacity• Can supply power for up to two hours• Enough electricity to temporarily power ~70,000 homes•...

A recent incident near Washington, D.C. underscores a reality in commercial real estate: development only moves as fast as infrastructure allows. A major sewer pipe collapse released 244 million gallons of sewage into the Potomac River, triggering an emergency...

Wake County is considering a 400-acre hiking and mountain biking trail system near Lake Crabtree, called Haley Branch. The project aims to replace trails lost as part of RDU Airport development. Key points:• Early planning stage with public input underway• County...

Since opening in 2023, the 7-acre Downtown Cary Park has become a major regional draw, attracting millions of visitors and thousands of events. Why this matters for property owners and business owners: High-quality public spaces drive foot trafficParks can...

What looked like a routine development site revealed massive brick walls more than 4 feet thick, preserved underground for centuries. For those in commercial real estate and development, this is a reminder: What’s underground can reshape a projectHistoric sites often...

Residential Development36 Certificates of Occupancy issued5,571 housing units currently under construction Commercial Development2.46M square feet under construction0 SF delivered (yet) For building owners and business owners, this signals a familiar pattern:...

Second Empire Restaurant & Tavern – Raleigh ranked #3 nationwideRistorante Paoletti – Highlands ranked #13 nationwide Why this matters for building owners and business owners: Top operators elevate the propertyStrong restaurants drive traffic to a...

The proposed I-77 South Express Lanes project would add 11 miles of toll lanes from I-277 to the South Carolina line to address congestion in one of the region’s busiest corridors. Key points:• Charlotte commuters average ~41 hours per year in traffic• Project design...

Holly Springs, North Carolina, is moving forward with $135M in revenue bonds approved by the Local Government Commission to fund major infrastructure and utility upgrades, including: Utley Creek Water Reclamation Facility improvements Expansion of treatment capacity...

A retail shift in Morrisville worth noting for building owners and business operators. Harris Teeter plans to close its grocery store at McCrimmon Corners on Davis Drive by April 17, leaving the town without a location. The store currently employs 70–80 associates,...

Wake County, Wake County, saw stable median home prices in February 2026 at $450,000, while overall transaction volume and lending activity increased. 🏡📈 February highlights:💰 Very high-value sales ($30M+): 2 transactions (Veridia East $86.3M, Buckhorn Lot 1 $58.1M)📊...

A new concept in Durham highlights an emerging trend in retail and hospitality spaces. Soif, a 593 SF coffee bar and cocktail spot with just 13 seats and no Wi-Fi, is designed to run with one bartender and a highly focused menu—espresso during the day, aperitifs and...

Raleigh just leveled up how residents and commuters stay informed. The Raleigh Active Construction Tracker is an interactive GIS map that shows City, State, and permitted private construction projects across the public right-of-way—color-coded by owner for quick...