Continental Realty Corp., a Maryland based real estate investment company, purchased the West Ashley Shoppes, across from the Citadel Mall, for $17.3 million. Their VP of Acquisitions cited the high barriers-to-entry environment of new shopping centers and ongoing residential growth as reasons...
South Carolina was ranked No. 2 in Area Development Magazine's list of 2016 Top States for Doing Business. Among other things, SC ranked high because of its tax environment, business incentives programs, and its speed of permitting. Learn more here.
Progress continues on a proposed project in the upper peninsula of downtown Charleston to turn the unused Norfolk Southern line into a linear park. The project, which is expected to cost approximately $30 million, would provide an economic benefit in new jobs and tourism dollars. Read more here.
As the Charleston metro area continues to see impressive growth, demand for space in all sectors is outpacing supply. As businesses settle in Charleston, the need for more housing, improved infrastructure, better education options, and more retail, industrial, and office space is paramount as...
The Charleston Metro has enticed another auto supplier to invest in the area. Stoba, a manufacturer based in Germany, expects to spend $7.7 M and create 61 new jobs at its new 43,000 SF site in Berkeley County. They chose Charleston to be closer to their customers, like Bosch, the proximity to...
Tenants have rights! Make sure you read your lease before you sign it. Your commercial real estate broker can help you negotiate a favorable lease. Read here about 5 of your rights under a commercial lease.
FOR SALE! Will Phillips and Carlyle Blakeney have listed a portion of undeveloped land for sale on Highway 17 N in Ravenel, SC. Call to schedule a tour of this property! Click here for more information.
Congratulations to Will Phillips on finding the right office space for his client at 3509 Iron Horse Road in Ladson. SOLD!
Trident Tech has raised $79M needed for construction and equipment for a new Aeronautical Training Center. The project was approved last week by the State Fiscal Accountability Authority. The center will be 224,000 SF and accommodate 5,400 students per year. Students will be educated and undergo...
More than 30 aerospace companies have announced a new location or expansion in South Carolina since 2011. The annual economic impact of the state's aerospace industry has grown to $19 billion. Read more here.
Due in large part to the technology sector and construction trade, Inc. Magazine includes 23 lowcountry companies as fastest-growing private companies in America. The companies combined reached more than $300M in sales last year. Congratulations to a job well done! See the companies to make the...
The new MUSC women's and children's hospital broke ground this week and is expected to open in 2019. The hospital will be named after Shawn Jenkins, founder and CEO of Benefitfocus, who donated $25M toward the new hospital. MUSC President said of the hospital, "“Imagine what’s going to rise...
"People just want to be able to be effective. Nobody likes going to work and being ineffective." Technology and data are allowing work spaces to change with the needs of employees, allowing them to dictate everything from traffic patterns, shared spaces, and room temperature. Read more here about...
Charleston-based CrowdReach, a communications platform for small businesses, is growing out of its current location and expanding into a 3,500 SF space in 2017. The company launched in May of this year and already plans to hire 20 additional employees. Read more about their product here.
The Charleston MSA added 1,000 construction workers in the past 12 months, the largest percentage increase in South Carolina, up 6%. Officials of the Associated General Contractors of America say despite the current increases, "construction employment [is] becoming less widespread as more...
