Stay updated with breaking news from Janene aul. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The embattled Woodlake community is expected to see new ownership following a foreclosure auction 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. ....