Costco Wholesale Club entered into a formal agreement with Carolina Park Development Corp. to purchase a 21 acre site at Faison Road and Park Avenue, Mt. Pleasant. Learn more here.
Alert: hurricane warning in effect for charleston county. Read More
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Despite growing sales over 15% in the third quarter, largely due to the company's transition to subscription sales, Blackbaud investors still raising doubts that the company will reach its earning goals by year end. Read the full analysis here..
Charleston is seeing a massive wave of new of housing with more than thirty apartment projects planned or under construction. Combined this will total approximately 6,251 units between the peninsula, West Ashley, James Island, Johns Island, Daniel Island, and Cainhoy. The majority of new apartments...
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...
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.
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...
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...
Anchored by Charleston and the upstate, South Carolina is projected to see a 3.6% economic growth this year, compared to the nation's 1.4% growth. Manufacturers' and distributors' demand for industrial and warehouse space is being propelled by the widening of the Panama Canal. Rents are...
Due to year after year growth, Mercedes-Benz Vans are confident to invest in a new facility at Palmetto Commerce Park in North Charleston. Construction expected to take three years, create about 1,300 jobs, and cover 75 football fields. Learn more here.
The developers of the new Lorelei project on Laurel Island (near Romney St & Morrison Dr) are studying the needs of the city before they determine what to build on the former 160 acre landfill. It will most likely be a combination of retail, office, restaurants, hotel, meeting space...
