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Fayetteville's Systel Building is now named the Dogwood Bank Building

The 11-story Systel Building in downtown Fayetteville was renamed to be the Dogwood State Bank Building. ....

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Woodlake Fetches $3.5M at Auction, Setting Stage for Local Ownership

The embattled Woodlake community is expected to see new ownership following a foreclosure auctionÂ at the Moore County Courthouse on Thursday.
Atlantic National Capital, an investment group based in Fayetteville, was the only entity to bid on the development, which sold for $3.5 million. Keith Allison, a local businessman who has owned property in Woodlake for about 25 years, is involved with the company.
Shortly after its formation in September, Atlantic National Capital obtained the deed of trust for Woodlake. The previous owner of the gated subdivision was a company managed by Illya Steiner, a German investor who bought Woodlake from another German investor for $750,000 in 2015. ....

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