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Maxus Realty Trust, Inc. (“MRTI”), a real estate investment trust with corporate headquarters located in North Kansas City, MO, has completed the acquisition of a controlling interest in Cape Fear Multifamily, LLC (“Cape Fear”). Cape Fear is a single purpose entity that owns the Astoria Apartment Homes (“Astoria”). Astoria is an apartment community located in Hope Mills, North Carolina that was built in 2011 and includes approximately 299,000 square feet spread over 272 apartment units.

New Hanover County Board of Commissioners adopted a resolution at their regularly scheduled meeting held on Monday, August 17, 2015, declaring certain personal property surplus and authorization for the property to be sold by electronic public auction. The County will be using GovDeals, an on-line auction service provider, for the disposal of this property

Monthly Workshop to Help Landlords Effectively Manage Properties and Halt Illegal Activity; Pre-Registration Deadline August 17. City of Durham Neighborhood Improvement Services Department, Durham Police Department, Solid Waste Management Department, Public Works Department Stormwater & GIS Services Division, Water Management Department, and the Durham City/County Planning Department.

Although property taxes are due on September 1 each year, they can be paid without interest until January 6, 2016. To further assist and encourage penalty-free payments, all property tax bills will include four payment coupons. The coupons will reflect the total amount owed, divided into four equal payments. The coupons indicate a monthly due date September through December

New Hanover Soil & Water Conservation District Board has called a special meeting to host a public presentation by UNCW Research Professor Dr. Mike Mallin. Dr. Mallin will present on local sources and effects of stormwater run-off pollution, water quality impacts, and best management practices aimed at reducing stormwater run-off.

The Department of Veterans Affairs (VA) announced that the VA would begin the process to grant presumptive disability status to veterans of service at Camp Lejeune, North Carolina who have certain cancers and conditions known to be associated with long term exposure to the chemicals that contaminated the base water system from 1953-1987. VA is conceding that it will no longer deny benefits to eligible veterans based on VA’s faulty and selective interpretations of science

This week, Congressman G. K. Butterfield (NC-01) introduced a bill to create a voluntary “Residence Star” program to encourage residential property owners to make energy-saving improvements to their residential housing units. Butterfield’s bill – H.R. 3322 –would direct the Department of Energy (DOE) and the Environmental Protection Agency (EPA) to establish a voluntary program where owners who make qualified energy efficiency improvements to their housing units would receive Residence Star certification.

Congresswoman Alma S. Adams (NC-12) today announced $3,574,061 in federal funding for Greensboro, North Carolina. The funding was allocated through four U.S. Department of Housing and Urban Development (HUD) grant programs and will be used to support housing initiatives to help those in need. Greensboro will receive $1,967,294 through the Community Development Block Grant program (CDBG), $177,108 through the Emergency Solutions Grant (ESG) program, $1,108,477 through the HOME program and $321,182 through the Housing Opportunities for Persons with AIDS (HOPWA) program

Raleigh: A mortgage broker that took money upfront to refinance mortgages but failed to deliver is permanently banned from the business and under court order to pay refunds and penalties, Attorney General Roy Cooper announced today

The U.S. House today passed H.R. 1734, Improving Coal Combustion Residuals Regulation Act of 2015. Congresswoman Alma S. Adams (NC-12) introduced an amendment to H.R. 1734 that would have required regular water-well testing as well as the creation of a public website containing up-to-date water quality information.

New Hanover County Board of Commissioners adopted a resolution at their regularly scheduled meeting held on Monday, July 20, 2015, declaring certain personal property surplus and authorization for the property to be sold by electronic public auction. The County will be using GovDeals, an on-line auction service provider, for the disposal of this property.

The Durham City-County Planning Department is updating and consolidating the existing local review criteria that applies to all properties within a local historic district or designated as a local historic landmark.

Nearly a dozen Small Town Main Street communities have now achieved Main Street status. Those communities are Ayden, Benson, Bessemer City, Cherryville, Elizabethtown, Tryon, Valdese, Waxhaw and Williamston. These cities and towns have fulfilled the requirements necessary to achieve this designation such as hiring a permanent Main Street director and organizing their downtown revitalization work in accordance with the Main Street Four-Point® program. These communities will benefit from additional training and resources that the NC Main Street Center offers local Main Street directors

Kannapolis City Council members have finalized the purchase agreements for properties located in the downtown area. The City has purchased land and buildings for $7,550,000 from Castle & Cooke, NC, LLC and Atlantic American Properties, Inc. These firms are owned by Mr. David Murdock. The City is also purchasing K-Town Furniture from the Uwharrie Bank for $875,000 and a house located at 206 S. Main Street house for $325,000.

A federal grand jury in San Francisco returned an indictment against a Northern California real estate investor for his role in bid-rigging and fraud conspiracies at public foreclosure auctions in Northern California, the Department of Justice announced today.