Archive for Wilmington

Dec
09

Wilmington CRE Activity on the Rise

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An increase in new commercial development and leasing activity throughout greater Wilmington could spell a more optimistic first quarter of 2012.

Port City Mattress is expanding into the University Centre Shopping Plaza on College Road. The firm — which sells American-manufactured mattresses — will ink a lease agreement Monday for 1,200-square feet of space at the shopping center. Nicholas Silivanch, director of retail leasing and acquisition for Coldwell Banker Commercial Sun Coast Partners, brokered the three-year lease agreement.

Adam Withey, managing partner of Port City Mattress, said his firm will close its current Carolina Beach Road location before opening its new store in University Centre.

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Sep
22

Wilmington-Area Home Sales Up 10.5% over Last Year

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The Wilmington area’s real estate market is like a football game.

“Say, you’re in a game and you’re losing. The other team scores eight touchdowns on you and you score one back. “You are moving in the right direction, but you still have a long way to go.”

Intracoastal Realty agent Ashley Garner borrowed that idea from the National Association of Realtors’ chief economist to describe where residential real estate stands in the Wilmington area.

As we scoot along the bottom of the market, it’s too early to tell whether the last two months of sales figures are any harbinger of better days ahead, Garner said last week.

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