Archive for July, 2009

Jul
31

Mast General Said to Be Eyeing Lourie’s Building

Posted by: | Comments Comments Off on Mast General Said to Be Eyeing Lourie’s Building
– The State

The buzz has it that the popular and eclectic Mast General Store is considering moving into the old Lourie’s building on Main Street.

The store – which carries a little bit of everything from Necco Wafers to socks and skirts to camping lanterns – is considering several cities for expansion in 2012, said spokeswoman Cheryl Miller, but has not settled on any.

She would not confirm if the old Lourie’s site was one of those, but she did say the store is looking at locations in South Carolina for possible expansion. The chain has one store in the state on Main Street in Greenville.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.thestate.com/business/story/883835.html
.
BLOG NOTE:
.
I hope this is true. The Greenville store is one block from our office, and I am in the store on a regular basis. We’ll see…..
.
Mike Dodds
Categories : Columbia
Comments Comments Off on Mast General Said to Be Eyeing Lourie’s Building
Jul
30

Blanchard and Calhoun Expands its Mt. Pleasant Investments

Posted by: | Comments Comments Off on Blanchard and Calhoun Expands its Mt. Pleasant Investments

Blanchard and Calhoun Commercial Corporation (B&CC) has acquired The Residences at Etiwan Pointe in Mt. Pleasant. The purchase of Etiwan represents the second major purchase of a Mount Pleasant community for B&CC. Earlier this year, they acquired The Residences at 656 Coleman Boulevard and are now completing construction of Phase I.

The Etiwan Pointe property offers townhomes located off of Long Point Road in Mount Pleasant. These 2 and 3 bedroom townhomes range in size from 1700 to 1900 square feet and will be priced from $189,000. All homes offer hardwood floors, stainless steel appliances, screened porches, and garages. Residents also enjoy a community pool, clubhouse, workout facility, a large lawn area for entertaining, and the long marsh views that encompass the community. A unique amenity offered at Etiwan Pointe is the community dock, which provides residents with deep water access to the Wando River.

Categories : Charleston
Comments Comments Off on Blanchard and Calhoun Expands its Mt. Pleasant Investments
Jul
30

Reform, Demographics Bode Well for Medical Office Investors

Posted by: | Comments Comments Off on Reform, Demographics Bode Well for Medical Office Investors
– National Real Estate Investor

Already enjoying a surge in investment activity, the burgeoning medical office sector is poised for an even larger boost, if Congress approves President Obama’s sweeping overhaul of the nation’s health care system. The plan could cost at least $1 trillion over the first 10 years, according to experts.

“The overriding goal of health care reform is simply this — to expand access, quality and affordability,” says Al Pontius, national director of Marcus & Millichap’s office and industrial properties group, based in San Francisco. “Consequently, you’re going to see very solid demand characteristics for medical office buildings over the longer term, and in particular related to health care reform.”


ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:
http://nreionline.com/finance/news/medical_office_investors_0729/

Categories : National News
Comments Comments Off on Reform, Demographics Bode Well for Medical Office Investors
Jul
30

Industrial Market Vacancies on Rise in Columbia

Posted by: | Comments Comments Off on Industrial Market Vacancies on Rise in Columbia
– SCbizmag.com

The Columbia industrial market continues to experience rising vacancy numbers with a midyear report showing a rate of 7.89%, Colliers Keenan Inc. commercial real estate company reported.

The vacancy rate at midyear 2008 was 3.25%, and it was 6.78% by year’s end. Even with the increase, it is still rare in this economy to see vacancy rates in the single digits, said Ryan Hyler, Colliers Keenan’s director of marketing and research.

Absorption for the first two quarters of the year resulted in an occupancy decline of 79,166 square feet, and new construction accounted for 310,000 square feet of available space in the market.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:
http://www.scbizmag.com/content/view/128269/1/

Categories : Columbia
Comments Comments Off on Industrial Market Vacancies on Rise in Columbia
Jul
29

Retailers Looking to Expand

Posted by: | Comments Comments Off on Retailers Looking to Expand

– Retail Traffic

RBC Capital Markets, along with Retail Lease Trac, has begun to track retailer store opening plans for as many companies for which the firms can compile data. The research shows that the 2,000 retailers the firms are tracking plan to open 64,926 stores over the next 24 months. That is down 5.7 percent year-to-date from a high of 68,854 that the firms counted in January.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://retailtrafficmag.com/charts/retailers-look-expand-0728/

Categories : National News
Comments Comments Off on Retailers Looking to Expand
Jul
29

Real Estate Bottom Will Turn Around Economy

Posted by: | Comments Comments Off on Real Estate Bottom Will Turn Around Economy


Categories : National News
Comments Comments Off on Real Estate Bottom Will Turn Around Economy
Jul
29

Columbia Settles On Garage Site

Posted by: | Comments Comments Off on Columbia Settles On Garage Site
– The State

The city of Columbia has finally decided on a site for a downtown parking garage, albeit its third choice.

The new $8.5 million, 400-space garage is to be build on a present surface lot at the northwestern corner of Taylor and Sumter streets.

The decision was made after deals couldn’t be put together on its first choices – across Assembly Street from the Richland County Library or next to First Baptist Church at Washington and Sumter streets.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:
http://www.thestate.com/business/story/880730.html

Categories : Columbia
Comments Comments Off on Columbia Settles On Garage Site
Jul
28

Almost $165 Billion In Commercial Loans Due In ‘09

Posted by: | Comments Comments Off on Almost $165 Billion In Commercial Loans Due In ‘09
– Bloomberg

Almost $165 billion in U.S. commercial real estate loans will mature this year and need to be sold or refinanced as rents and occupancies fall, according to First American CoreLogic.

The U.S. South has the most maturing loans with 60,893 mortgages valued at $96 billion coming due on shops, offices, hotels, apartment buildings and land, Santa Ana, California- based First American said in a report. The West is second with 20,549 mortgages maturing for a value of $35 billion.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.bloomberg.com/apps/news?pid=20601087&sid=af7Qkovhhoa0
Categories : National News
Comments Comments Off on Almost $165 Billion In Commercial Loans Due In ‘09
Jul
28

Jafza Minimizing Wetlands Impact, Officials Say

Posted by: | Comments Comments Off on Jafza Minimizing Wetlands Impact, Officials Say
– The Times and Democrat

With Jafza South Carolina LLC still bullish on its plans to build a logistics, manufacturing and distribution park near Santee, U.S. Army Corps of Engineers officials say the company has done a good job minimizing the project’s environmental impact.

“They have been pretty aggressive in gathering the information they have needed to move forward,” said Nathaniel Ball, project manager in the Corps’ regulatory division. “They have done a great job in terms of looking at the wetlands.”

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.thetandd.com/articles/2009/07/28/news/doc4a6e2ba9712bf706061809.txt
.
BLOG NOTE:
.
Having appraised this site a couple of times, it still amazes me how little wetlands there are on such a large tract. Jafza will do a good job with the development.
.
Mike Dodds
Categories : Orangeburg, Santee
Comments Comments Off on Jafza Minimizing Wetlands Impact, Officials Say
Jul
28

June New Home Sales Shoot Up 11 Percent

Posted by: | Comments Comments Off on June New Home Sales Shoot Up 11 Percent
– The State

New home sales in June posted the fastest increase in more than eight years as buyers took advantage of bargain prices, low interest rates and a federal tax credit for first-time homeowners.

While home prices are still falling, the figures released Monday were another sign the housing market is finally bouncing back. Earlier this month, the government reported that new home construction rose to the highest level since last fall. And data out last week showed home resales rose almost 4 percent in June, the third straight monthly increase.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.thestate.com/business/story/879792.html
Categories : National News
Comments Comments Off on June New Home Sales Shoot Up 11 Percent
Jul
27

Condo Sales Slow, But Developers Are Patient

Posted by: | Comments Comments Off on Condo Sales Slow, But Developers Are Patient
– Greenville News

For some developers, trying to sell 22 new condominiums in the current economic environment might be scary.

But J. Russ Davis Jr., developer of the residential spaces at McBee Station, said he is prepared to weather a recession that has slowed the Upstate residential market.

His 22 units atop McBee Station’s retail buildings were completed in January. They became available in March. None have sold yet, though financing is being arranged for four to five potential buyers.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.greenvilleonline.com/article/20090725/BUSINESS/907250304/1004/NEWS01/Condo-sales-slow–but-developers-patient
Categories : Greenville
Comments Comments Off on Condo Sales Slow, But Developers Are Patient
Jul
27

Homebuilders Can Expect Uptick in Housing Demand, New Study States

Posted by: | Comments Comments Off on Homebuilders Can Expect Uptick in Housing Demand, New Study States

– scbiznews.com

South Carolina’s homebuilders are riding out the housing industry collapse better than the rest of the nation, according to a new report from a University of South Carolina economist.

The necessary factors are in place for homebuilders to see their business rebound in the coming months, according to new data from researchers at the Moore School of Business.

Doug Woodward, who leads the University of South Carolina’s business research center in the Moore School, told attendees of the Home Builders Association of South Carolina annual convention in Greenville that U.S. leading economic indicators are starting to trend up, after six months of decline.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

Categories : South Carolina News
Comments Comments Off on Homebuilders Can Expect Uptick in Housing Demand, New Study States
Jul
27

Industrial Vacancy Rate Continues Rise in Greenville-Spartanburg

Posted by: | Comments Comments Off on Industrial Vacancy Rate Continues Rise in Greenville-Spartanburg
– GSA Business

Vacancy rates for industrial real estate in the Greenville-Spartanburg market continue to rise rapidly and likely will top 13% by the end of this year, Grubb & EllisThe Furman Co. predicts in their second-quarter report.

The forecast also states:

— It’s a great time to lock in long-term leases, but tenants are likely to remain more interested in short-term deals due to market conditions.

— Continuing uncertain credit markets will make property owners wary of making costly improvements for tenants.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.gsabusiness.com/news/28735-industrial-vacancy-rate-continues-rise-in-greenville-spartanburg
Categories : Greenville
Comments Comments Off on Industrial Vacancy Rate Continues Rise in Greenville-Spartanburg
Jul
22

Banks on ‘Troubled’ List In N.C. Up Sharply

Posted by: | Comments Comments Off on Banks on ‘Troubled’ List In N.C. Up Sharply
– charlotteobserver.com

More than one-fourth of North Carolina’s 88 state-chartered banks are on N.C. regulators’ list of troubled institutions, a record number, at least in recent history.

The tally of 23 troubled banks compares with six about two years ago, said Ray Grace, the N.C. deputy banking commissioner who heads bank supervision. Typically, he said, only two or three are on the list.

While acknowledging banks face serious issues, Grace doesn’t expect a spate of failures.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.charlotteobserver.com/408/story/845975.html
Categories : Charlotte
Comments Comments Off on Banks on ‘Troubled’ List In N.C. Up Sharply
Jul
22

Georgetown Steel Plant as a Park?

Posted by: | Comments (1)

I appraised the Georgetown Steel plant in 2003……..and never got paid for it due to the owner’s bankruptcy shortly thereafter. I read this morning that local officials are now planning for the possibility that the now closed mill will not reopen as a mill. So what does one do with a 584,000 square foot vacant steel mill? It sits on 65 acres in a deep water port and the building has ceiling heights up to 72 feet.

Local officials have presented information on an adaptive reuse of a mill in Germany that now serves as a park. Here is a link to information on the German park:
.
www.landschaftspark.de/en/
.
Would this work in Georgetown? A park? Pleae give me your thoughts on this……
.
Michael B. Dodds
Categories : Georgetown, Myrtle Beach
Comments (1)