Business

Now rolling: ‘George & Tammy’ starts production in Wilmington, other projects wrap, state budget preserves film incentive

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WILMINGTON — “George and Tammy” is back in Wilmington after a false start earlier this year. Originally slated to commence shooting in the spring, the title disappeared from the Wilmington Regional Film Commission website, only to return recently. Last week the production pulled its first film permits with the City of Wilmington for “motel room […]

Another proposal for across-the-river hotel is in the pipeline

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NEW HANOVER COUNTY — On the heels of newfound interest in developing the western shores of the Cape Fear River, project plans filed in New Hanover County indicate another large-scale proposal is in the works.  Site plans have been submitted for a project titled “The Wilmington Hotel and Spa,” designed to house 290 bedrooms and […]

nCino inks $1.2B agreement to acquire digital mortgage platform SimpleNexus in early 2022

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WILMINGTON — Last week, the worldwide leader in cloud banking, nCino, whose newly renovated headquarters are located in Mayfaire Town Center, announced it will acquire Utah-based SimpleNexus by the end of January 2022. The two companies entered a $1.2-billion definitive agreement — a legally binding deal, signed by both parties to outline the terms and conditions […]
Property owners at Freeman Park are claiming the town has failed to protect their land and are asking for a Jury Trial to halt all unauthorized activities of their land (Port City Daily/Courtesy Carolina Beach)

Carolina Beach announces $7M deal to settle Freeman Park lawsuits

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CAROLINA BEACH — The lawsuits and land disputes that for years have swirled over Freeman Park — the vehicle-friendly beachfront at the north end of Carolina Beach — have been settled.  The Town of Carolina Beach will pay $7 million to an assortment of private landowners, who had bought chunks of the protected coastal territory from […]
Pender County is looking to drill three wells at a cost of $375,000 to increase water supply in the Hampstead are by roughly 67 percent. The area is currently supplied by two water tanks; one, pictured, is just north of Topsail Middle School. (Port City Daily photo/Mark Darrough)

After resistance from Pender officials, Evolve Co. apartments approved on appeal

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PENDER COUNTY — After more than half a year of winding through myriad checkpoints of local government, the backers of a mixed-use project in Topsail that aims to station apartments along Highway 17 finally succeeded this week.  Two development proposals — each consisting of around two dozen acres with substantial Highway 17 frontage — previously appeared […]

Wilmington eases taxi regulations to help industry compete with Uber, Lyft

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WILMINGTON — Fearing Wilmington is close to losing its traditional taxi services, the city has relaxed some of its cab regulations to help the industry regain its footing. Operators within city limits will now be able to raise prices and extend the life of their vehicles, leveling the playing field with rival ride-hailing apps. Back […]

Let’s Talk Real Estate Investing [Free read]

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It is fortunate to live in a city that is beloved by not only those born and raised here, but also the large influx of residents that move here. It is thrilling to live in such a thriving market for real estate, which is largely impacted by the popularity of investors. Wilmington is a hotspot […]
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Film industry no longer threatened by a walkout after successful IATSE vote

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SOUTHEASTERN N.C. — Film crew workers will not strike after solidifying their labor contracts with productions in a near-split national ratification vote. The International Alliance of Theatrical Stage Employees (IATSE) has ratified two three-year contracts with the Alliance of Motion Picture and Television Producers (AMPTP). The revised agreements grant across-the-board raises, meal penalties to dissuade […]

The Proximity, mixed-use project on Carolina Beach, approved by council

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CAROLINA BEACH — Town council approved a rezoning bid last week for the Proximity. The mixed-use development will take up 10 acres next door to the Publix grocery store off Lake Park Boulevard.  Spearheaded by Cape Fear Commercial and its sister company GHK Cape Fear Development, the proposal was the latest attempt to launch development […]
Brunswick County has accepted over $530,000 worth of water and sewer infrastructure. (Port City Daily photo/Johanna Ferebee)

300-home subdivision, 67-acre mixed-use project approved in Brunswick County

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BRUNSWICK COUNTY — Two developments projects scored approval in Brunswick County earlier this week, clearing a path for further construction along the county’s central thoroughfare, Highway 17.  Brunswick County, with its vast plots of undeveloped land and relative cost-friendliness for homebuyers, has attracted feverish interest from builders this year. The Brunswick County Planning Board has […]