January 11, 2018

Blue Sky Services facilitated acquisition of former Applebee’s location at 3625 Hillsborough St near NC State University days after restaurant’s permanent closure.

Raleigh, NC, United States - January 11, 2018 /MarketersMedia/ — Blue Sky Services has facilitated acquisition of the former Applebee’s Restaurant near downtown Raleigh on behalf of its long-term investors. This 4,942 sq ft building on 0.95 acre, situated on the hard corner at the prime intersection of Hil...

February 18, 2017

Blue Sky Services has closed the purchase of another tract of land in Belville, NC. This prime location, adjacent to the Brunswick and Cape Fear Rivers stands at the Gateway to Wilmington, its deep water, container seaport and numerous destination beach communities. Development plans are underway for the construction of a new Belville Town Hall, adjacent to a new super pumper Circle K location, sold by Blue Sky Services last year. Nikita Zhitov and Steve Niemeyer of...

February 18, 2017

After over 30 years of ownership, a set of commercial buildings near the busy intersection of SW Maynard and Kildaire Farm Roads in Cary NC was sold to Cary Ventures, LLC a subsidiary of Blue Sky Services Development. The purchase included a long-established landmark, Caribou Coffee, along with three other retail buildings and an office building. Immediate plans include renovations of building’s façade, parking lot, and landscaping, as well as taking care of some ot...

March 10, 2016


The same developer that's building the five-story Friendly Apartments next to Stanhope on Hillsborough Street has bought another prominent property across from the N.C. State University campus from the Baptist State Convention.


An affiliate of Blue Sky Development Services of Raleigh has paid $860,000 for the 6,000-square-foot Baptist Student Center building at 2702 Hillsborough St., according to county records. The modernist-style building at the intersection...

March 2, 2016


Blue Sky Development Services acquires Downtown Baptist Center in Raleigh NC, further solidifying its participation in the revitalization of Hillsborough Street.


Raleigh, NC, United States of America – March 1, 2016 /MarketersMedia/ —

After 73 years of ownership, The Baptist State Convention of NC has sold its flagship, Student Union Building at 2702 Hillsborough Street to Blue Sky Development Services. This prime Downtown location is at the signalized corner of Gar...

February 24, 2016



A developer has acquired the Raleigh Baptist Student Center building at 2702 Hillsborough Street for $860,000, according to Wake County property records.


Raleigh-based Blue Sky Services bought the building from the Baptist State Convention of North Carolina.


Nikita Zhitov, a principle with Blue Sky, said the company plans to lease the 6,000-square-foot building for three to five years while it develops plans for the site. He said plans could include a...

December 17, 2015


RALEIGH :The surge of redevelopment activity along Raleigh’s Hillsborough Street shows no signs of slowing, with developers now actively seeking to transform several large parcels on the western end of the thoroughfare.A Georgia-based student housing developer wants to redevelop a 3.2-acre site along Hillsborough that is now home to the offices of the online book publisher Lulu.com.


Athens-based Landmark Properties wants to convert the site into a five-story apart...

December 15, 2015


Circle K acquires land in Belville NC, facilitated by Blue Sky Services Real Estate as one of over 25 transactions closed by the firm this year.


Raleigh, NC, United States of America - December 14, 2015 /MarketersMedia/ — Blue Sky Services has closed the purchase of another tract of land, this time in Belville, NC. This prime location, adjacent to the Brunswick and Cape Fear Rivers stands at the Gateway to Wilmington, its deep water, container seaport and numerous...

November 7, 2015


On October 30, the Securities and Exchange Commission adopted “Regulation Crowdfunding,” which consists of final rules that will enable eligible companies to raise up to $1 million in capital in any 12-month period by offering securities through SEC registered intermediaries in crowdfunding transactions on the Internet. The long-awaited crowdfunding rules implement the exemption from registration under the Securities Act of 1933 (Securities Act) provided by Section...

October 30, 2015


Entrepreneurs raising money through crowdfunding campaigns have typically rewarded their backers with early access to products and with tchotchkes like T-shirts and coffee mugs.


But under new rules adopted Friday by the Securities and Exchange Commission, they will be able to offer a prize that could be more lucrative: an equity stake in their business.


The rules will allow small investors to buy shares of private companies under the provisions of the Jump-Start Ou...

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Blue Sky Development Services acquires Baptist Center on Hillsborough Street, Raleigh NC

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