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Terrace Plaza on James Island Sold to NY Company for $3.7M

Posted & filed under Local News.

The Terrace Plaza, home to James Island's Terrace Theatre, has been sold for $3.7M as an investment to a NY-based firm. The 20,000 SF center is home to Zia Taqueria, Crust Wood Fired Pizza, Studio Barre and How Art Thou. No changes currently planned for the center. Learn more here.

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PeopleMatter Acquired by Snagajob

Posted & filed under Local News.

Charleston-based PeopleMatter announced today that it was being acquired by Virginia-based Snagajob. Snagajob connects hourly workers with businesses, while PeopleMatter provides employers with software that assists in hiring, training and scheduling. Seems like a perfect fit! Read more here.

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Critical Solutions Lands $33M Contract

Posted & filed under Local News.

Will Phillips' client, Charleston-based Critical Solutions International, was awarded a $33M contract to manufacture and supply 500 explosive systems to the Iraqi army to enable Iraqi soldiers to "effectively create safe passages through known and suspected danger areas and obstacles". Read more...

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2 Day Googlefest Coming to N.Charleston in June

Posted & filed under Real Estate Tech.

In June, Google will host a 2 day workshop with a focus on Educators and Small Business & Nonprofits at Trident Technical College's North Charleston campus. Registration is free, but required. Attendees will learn about Google Tools and Apps that can increase efficiency and productivity in the...

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Buyer of Old Port HQ Requests Rezoning

Posted & filed under Local News.

Although the buyer of the Ports Authority headquarters on Concord Street is not disclosing plans for the property, they have requested a rezoning to make the building taller. The new zoning would allow for construction of a rooftop feature, while adding a public space (ie; green space, park, vendor...

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Milken Institute Ranks Charleston No12 in Tech Sector

Posted & filed under Real Estate Tech.

Charleston ranks #12 on the Milken Institute's list for its 5-year growth in gross domestic product in the high tech sector. Charleston's tech sector grew 16% faster than the national average in the past 5 years. Click here to see what the average wage is for employees of Charleston's digital...

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Coworking is Changing the Face of CRE

Posted & filed under Real Estate Tech.

Coworking is changing the face of the traditional office space. Shared and flexible spaces are in higher demand and tenants want shorter leases. People more often want an informal and low cost space and don't care about big corner offices anymore. Developers and building owners will continue to...

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Mt. Pleasant Tech Company Zubie Receives $6M in Funding

Posted & filed under Real Estate Tech.

Mt. Pleasant based tech company, Zubie, lands an additional $6 million in funding to improve its product line, scale its products for customers, and hire additional employees. The company makes a device to plug into a vehicle to collect data about both car and driver, used by individuals, insurance...

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Southeast Frozen Food Expands for Third Time

Posted & filed under Local News.

Calhoun County is picking up another 30 jobs with the third expansion of the Southeast Frozen Foods facility in Gaston. Overall the company has invested $20 million and created more than 100 jobs. Current expansion plans will grow the facility to over 200,000 SF.

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