Commercial Property Showcase: 101 Sumner Drive in Arden, NC 28704

101 Sumner Drive in Arden is a Great Opportunity for a Builder with Vision! $875,000 | CPE#: 486356 This 25-acre area of gently rolling woodlands is located in a growing area of South Asheville. Located just off Interstate 26 between Long Shoals Road and Airport Road, the parcel is secluded and surrounded by wheat and […]

Beverly-Hanks Q2 2016 Market Report: Booming Residential but Slowing Commercial Markets

Beverly-Hanks’ president, Neal Hanks, was on site at the Within REACH Resale Shop in Waynesville to deliver the 2016 Quarter Two Market Report. Watch the video below to see his short report, or continue reading for more information. 2016 Quarter Two Residential Activity: Overall, our housing markets remain active. Sales pace is at an all-time […]

Commercial Lending Remains a Concern, but Not a Barrier, for Local Business Investment

The sale and lease of commercial real estate continues to grow, both regionally and nationally, but commercial Realtors remain concerned about the availability of commercial financing. Overall, national lending for commercial real estate investment was incredibly strong in Q4 2015. In fact, the time period was the fourth highest quarter for borrowing and lending on […]

Commercial Property Showcase: 7 Cheshire Drive in Black Mountain, NC 28711

  7 Cheshire Drive in Black Mountain is a Great Investment Opportunity! This is a collection of five parcels within the existing upscale, health-oriented, mixed-use Village of Cheshire in Black Mountain. The residential resort projects and recreational facilities included on this listing are all approved in the community’s master plan. In fact, a significant amount […]

Tiger’s First US Golf Course Is For Sale

Tiger’s failed North Carolina course site in Black Mountain is on the market for $24 million. Golfchannel.com by Jason Crook Tiger Woods‘ first signature course in the U.S. opened earlier this month to rave reviews with some even calling it “Augusta-like.” This is slightly better than his first attempt at designing a course domestically in […]

Commercial Real Estate Update: 2015 Recap

Commercial Real Estate In The Asheville (MSA) 2015 was a good year for commercial real estate. As predicted, growth occurred in the hotel and multi-family sectors, and vacancy rates dropped for retail, office, and industrial properties. Sales soared from 2014’s 296 ($378.5M) to 350 transactions ($485.5M). Retail and multi-family properties led the way accounting for […]

Commercial Real Estate Update

Brewery To Begin Pouring Soon Repurposing of former stockyards and auction house industrial sites is almost complete. New Belgium Brewing will be making beer in about six weeks at its West Asheville/River Arts District brewery. The Asheville Citizen-Times, Tony Kiss, reported that New Belgium will open its Liquid Center tasting room in February 2016, with tours […]

Asheville: A Model for Others to Follow

(SalisburyPost.com) ASHEVILLE—The transformation of Asheville’s downtown over the past 25 years has been organic and incremental, seemingly one building and one street at a time. It ultimately found a synergy with developers, independent businesses, and a burgeoning arts community. Meanwhile, architectural landmarks that avoided the wrecking ball long ago now stand as integral parts of […]

Weaverville News: Northridge Commons to Open in May

This post is from guest author and Beverly-Hanks associate Pete McHugh. UPDATE (2016): Pete is no longer affiliated with Beverly-Hanks. We wish him the very best in his pursuits.   Big news around the small town of Weaverville, NC: The mall is coming to town. Northridge Commons in Weaverville is set to open in May […]