Cape Fear Commercial

Cape Fear Commercial was thrilled to sponsor Wilmington Downtown, Inc.'s (WDI) Economic Development Luncheon yesterday! It was an incredible opportunity to celebrate the dynamic growth of our downtown and dive into the future of Wilmington’s thriving hospitality industry. Downtown Wilmington has seen an impressive 45% increase in hotel rooms over the past five years, fueling tourism and contributing to the economic growth highlighted in yesterday’s insightful presentation from HVS. Thank you Wilmington Downtown, iNC. (WDI) for putting on such a great event, and thank you to HVS and the panel of hospitality trailblazers for sharing such valuable insights #EconomicDevelopment #DowntownWilmington #CapeFearCommercial

To round out our Q3 2024 Costar Power Broker announcements, Cape Fear Commercial is pleased to announce our Office Leasing Power Brokers. Congratulations to Brian Eckel, Hank Miller, Elizabeth Hawkins, Julia Eckel, Julia Lackey, Paul Loukas, Lindsey Hess, and F. Spruill Thompson, SIOR on an incredible quarter, securing 4 of the top 5 office leasing deals. #CapeFearCommercial #CommercialRealEstate #OfficeLeasing #CoStarPowerBrokers #Q32024 #TopDeals

Cape Fear Commercial is thrilled to announce our CoStar Retail Leasing Power Brokers for Q3 2024! Congratulations to Bryce Morrison, Jr, Lindsey Hess, F. Spruill Thompson, SIOR, and Will Leonard for their exceptional performance this quarter, representing 3 out of the top 5 retail leasing deals in our market! #CapeFearCommercial #CommercialRealEstate #RetailLeasing #CoStarPowerBrokers #Q32024 #TopDeals

Cape Fear Commercial is excited to announce our Costar Industrial Leasing Power Brokers for Q3 2024. Congratulations to Paul Loukas, Julia Eckel, Elizabeth Hawkins, and Will Leonard for their outstanding achievements. Their success this quarter accounted for 3 of the top 5 industrial leasing deals in our market. Thank you to our clients and partners who trust us to find the right solutions for their industrial space needs. Let’s keep the momentum going as we wrap up 2024! #CapeFearCommercial #CommercialRealEstate #IndustrialLeasing #CostarPowerBrokers #Q32024 #TopDeals

This Veterans Day, we’re taking a moment to express our gratitude to all those who have served our country. We’re grateful for your sacrifices every day, but this week, that appreciation runs even deeper. Last Thursday, Cape Fear Commercial had the honor of welcoming 30 service members from various military branches as part of The Honor Foundation’s program, which supports veterans transitioning into the workforce. It was a privilege to share insights into the commercial real estate industry and to learn from these incredible individuals who have already given so much. Thank you for spending your time with us, for your dedication to our country, and for the strength and skills you bring to every endeavor. Happy Veterans Day to all who have served. And a special thank you to Joanna DeMott and the entire The Honor Foundation team for including us among the companies participating in this program. #VeteransDay #CapeFearCommercial #TheHonorFoundation #Grateful

We are proud to announce Cape Fear Commercial's successful third quarter of 2024, completing 10 of the top 15 leasing deals in CoStar’s PowerBroker Awards. This achievement is a true testament to the strength of our experienced brokers and the collaborative partnerships we build with our exceptional clients. Stay tuned to see which deals landed on the top of the charts last quarter. #CapeFearCommercial #CoStarPowerBroker #CRE #WilmingtonNC

Cape Fear Construction Group — a full-service general contractor and affiliate of Cape Fear Commercial and Cape Fear Development — has been awarded its first Certificate of Occupancy, for a multifamily project in New Bern, N.C. The Proximity New Bern is a 252-unit apartment community, with nine 3-story apartment buildings and a modern club house equipped with a fitness center, yoga-training room, and co-working space. The project also includes a resort-style swimming pool, outdoor kitchen, outdoor fireplace, and parking garages. Residents began to move into the first completed building in December. Construction is being finalized on the additional eight buildings and the clubhouse, with leasing on all units now underway. “It’s incredible to see the high levels of synergy on this job across our field managers, trade partners, vendors, and the ownership team,” said Cape Fear Construction Group President David Novotny. “Our model allowed the team to realize many efficiencies in delivering this first project, and that’s thanks to the talented, motivated, hardworking people who believe in us and want to continue working with us.”

The iconic Chapel Hill sports restaurant Four Corners has selected a site in Wilmington to open its second ever location. Cape Fear Commercial Broker-in-Charge Paul Loukas represented Four Corners owner Kristian Bawcom’s FOCO Restaurant Group in the $2.46 million purchase of the restaurant building at 2025 Eastwood Road, a short walk from the Wrightsville Beach draw bridge. CFC Vice President Patrick Riley represented the seller, Urban Food Group of Raleigh, which previously purchased the site from local restaurateur Ash Aziz’s Circa Restaurant Group as part of a three-restaurant sale brokered by Cape Fear Commercial in 2019. “We’re thrilled to be able to find a home in Wilmington for Four Corners,” said Riley. “It has a special history and connection to college sports fans around the state, and we’re excited to help bring them into town.” The original Four Corners, located on Franklin Street across from UNC Chapel Hill’s campus, gets its name from the signature offensive play style popularized by the late Tar Heels basketball coach Dean Smith. Bawcom, who has owned the restaurant for 15 years, plans to open the Wilmington Four Corners around the end of March or early April, according to the Wilmington Business Journal. Read more from Cape Fear Commercial: