Power Breakfast Panelists Talk Real Estate Boom, Rising Construction Costs
June 16, 2021
// WILMINGTON business journal
Despite some of the construction material and labor shortages that those in the real estate industry have been experiencing, demand and investments in various real estate sectors remain high.
That is one takeaway discussed at Tuesday’s Power Breakfast hosted by the Greater Wilmington Business Journal.
The breakfast, “The Roaring 20s,” brought a panel of those in the regional residential, commercial and industrial real estate markets to catch up on projects and the booming market.
Among panelists included Chris Boney, architect and principal at LS3P; Anne Gardner, CEO of Cape Fear Realtors; Chris Norvell, principal at Edgewater Ventures and Adam Tucker, director of development at Zimmer Development Co.
SPREAD THE NEWS
Tim Skender, principal at Edgewater, said the acquisition was a good opportunity in a submarket that is thriving. "We’re big believers in lifestyle office or neighborhood office," he said. "1800 Central is well-located, in a dynamic, growing (submarket) where the neighborhood is the amenity for the people who office there. There’s a lot of momentum in Plaza, broadly speaking."
Following two recent leases, another building in the Wilmington Trade Center, a growing industrial park along U.S. 421, is at full occupancy.
Edgewater Ventures is pleased to announce the addition of Joey Surles, to the Edgewater Industrial team as their Senior Property Accountant.
