Archive for September, 2009

Sep
30

Report Ranks Columbia as One of the Nation’s 10 Best Affordable Places To Retire

Posted by: | Comments Comments Off on Report Ranks Columbia as One of the Nation’s 10 Best Affordable Places To Retire
– The State

Five Points — the famed decades-old college hangout — apparently has a hand in attracting retirees to Columbia.

So do Lake Murray, ultramodern apartments and strolls past the Governor’s Mansion. And then there are the low housing prices.

Those are among the reasons why this week U.S. News & World Report chose South Carolina’s capital city as one of the nation’s 10 best affordable places to retire.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.thestate.com/local/story/964353.html
Categories : Columbia
Comments Comments Off on Report Ranks Columbia as One of the Nation’s 10 Best Affordable Places To Retire
Sep
29

Publix Receives Approval for Zoning Variance in Clemson

Posted by: | Comments Comments Off on Publix Receives Approval for Zoning Variance in Clemson
– UpstateToday.com

Developers for the new Publix on Freedom Drive successfully completed the latest hurdle as the Clemson Board of Zoning Appeals recently approved a variance allowing light poles to be installed at a height of 33 feet.

“The variance was to give the applicant the ability to install taller light poles in the parking lot,” said Bob Vecchio, Zoning Director for the city of Clemson.

The variance request, issued by Tom Hamilton, of the Hamilton Property Group, surpasses the previous maximum height of 20 feet to the top of the light.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.upstatetoday.com/news/2009/sep/28/publix-receives-approval-zoning-variance/
Categories : Clemson
Comments Comments Off on Publix Receives Approval for Zoning Variance in Clemson
Sep
29

NMHC: Student Housing Recession-Resistant

Posted by: | Comments Comments Off on NMHC: Student Housing Recession-Resistant

– Commercial Property Executive

Overall, student housing is recession-resistant because of U.S. demographics, which are producing an increasing number of high school graduates, says Jim Arbury, senior vice president of National Multi Housing Council (NMHC) which recently released a report that seeks to determine whether the dramatic U.S. economic downturn has had an impact on enrollment and on-campus dormitory vacancy rates.

The study also finds that the economy can affect the type of housing students can afford. An oversupply in certain individual markets can also create problems for developers.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:
http://www.cpexecutive.com/cpn/NMHC-Student-Housing-Recession-Resistant–1563.shtml

Categories : National News
Comments Comments Off on NMHC: Student Housing Recession-Resistant
Sep
29

Social Media and Commercial Real Estate are a Perfect Fit

Posted by: | Comments Comments Off on Social Media and Commercial Real Estate are a Perfect Fit

Categories : National News
Comments Comments Off on Social Media and Commercial Real Estate are a Perfect Fit
Sep
28

New Regulatory Crack Down on CRE Lending; Up to 2,000 Banks in Examiners’ Cross-Hairs

Posted by: | Comments Comments Off on New Regulatory Crack Down on CRE Lending; Up to 2,000 Banks in Examiners’ Cross-Hairs

– FinCriAdvisor.com

Regulatory scrutiny of commercial lending has ratcheted up, with examiners searching Call Reports for banks that exceed what once were suggested thresholds for CRE or ADC loan concentrations and demanding justification for it. A FinCri Advisor analysis reveals that nearly 2,000 banks fit that category, with FDIC examiners citing CRE lending in 15% of C&D orders this year vs. just 2.8% in 2008.

Banking analysts expect that is just the beginning. “Wait until next year when this thing starts to blow up,” says Bill Nayda, an economist and principal at Second Pillar Consulting in Glen Allen, Va., which specializes in capital management.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.fincriadvisor.com/2009-09-27/CREconcentrations
Categories : National News
Comments Comments Off on New Regulatory Crack Down on CRE Lending; Up to 2,000 Banks in Examiners’ Cross-Hairs
Sep
28

Officials Update Plans For Proposed Jasper Port

Posted by: | Comments Comments Off on Officials Update Plans For Proposed Jasper Port
– The Island Packet

Plans for a port on the Savannah River in Jasper County are progressing slowly but surely, leaders of two groups involved in the plans said.

Both groups met recently, and their leaders provided updates in phone interviews last week:

Jasper Ocean Terminal Joint Project Office

The bi-state group of South Carolina and Georgia leaders charged with developing the port hit “a bump in the road” when it learned it will have to help pay for the U.S. Army Corps of Engineers’ examination of how a Jasper port would impact the Corps’ regular dredging of the river, chairman William Bethea Jr. said

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.islandpacket.com/news/local/story/980539.htm
Categories : Hardeeville
Comments Comments Off on Officials Update Plans For Proposed Jasper Port
Sep
28

Greater Columbia Commercial Property Transactions

Posted by: | Comments Comments Off on Greater Columbia Commercial Property Transactions

This week’s featured Greater Columbia area commercial real estate transactions are:

– Vacant warehouse at Huger and Senate sells for $189/SF June ’09.
– 1980’s quadraplex on Patterson Rd, Columbia goes back to the lender.
– Warehouse with 20% office space on Andrews & Barlow sells for $76/SF June ’09.
– Rosewood Dr retail store sells for $75/SF June ’09.
– 1960’s Belleview Circle office-warehouse sells for $89 June ’09.

To research these commercial real estate sales visit http://www.midlandstrends.com/ to register for your free account. Search 5,100+ real estate transactions from 2009.

Categories : Columbia
Comments Comments Off on Greater Columbia Commercial Property Transactions
Sep
28

Offer Expected Soon for Port of Port Royal

Posted by: | Comments Comments Off on Offer Expected Soon for Port of Port Royal
– scbiznews.com

The S.C. State Ports Authority is expecting “within days” to receive an offer for its Port Royal facilities, according to Gene Green, COO of NAI Avant Commercial Real Estate Services, which is listing the property.

The offer is expected to come from an experienced South Carolina developer, which Green declined to name.

If the SPA were to accept the offer, there still would be numerous steps before a deal could close, including contract negotiations and the securing of financing, Green said.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.charlestonbusiness.com/news/29613-offer-expected-soon-for-port-of-port-royal
Categories : Beaufort
Comments Comments Off on Offer Expected Soon for Port of Port Royal
Sep
27

Construction Humor (Photo)

Posted by: | Comments Comments Off on Construction Humor (Photo)
A little humor to start off your week.
Categories : Humor
Comments Comments Off on Construction Humor (Photo)
Sep
24

Midlands Profiles: Bobbitt Design Build

Posted by: | Comments Comments Off on Midlands Profiles: Bobbitt Design Build
– Midlandsbiz.com

Have you seen Bobbitt Design Build signs around Columbia over the past few years? Utilizing a technique that dates back to the master builders of yesteryear (design build), Bobbitt has built religious, medical, office, flex, retail, and community buildings across the Carolinas. They are a 60 year old company with offices in Raleigh and Columbia and a growing reputation as one of the largest general contractors in the Carolinas specializing in the design build process.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://midlandsbiz.com/news/profiles/445/
.
BLOG NOTE:
.
I highly recommend Bobbitt Design Build. Learn more about them here:
http://www.bobbitt.com/
.
Mike Dodds
Categories : Columbia
Comments Comments Off on Midlands Profiles: Bobbitt Design Build
Sep
24

Brantley Clark Earns MAI Designation from Appraisal Institute

Posted by: | Comments Comments Off on Brantley Clark Earns MAI Designation from Appraisal Institute

I am proud to announce that Brantley Clark, a senior analyst with Integra Realty Resources – SC, has earned her MAI designation from the Appraisal Institute. Brantley has worked with us since graduating from the University of South Carolina and is an excellent appraiser. Few appraisers achieve MAI status before reaching 30 years old, but she did it. In addition to taking appraisal classes through the Appraisal Institute over the last several years, she and her husband have had two baby boys. Congratulations Brantley!
.
Integra Realty Resources – SC now has three MAI designees, including myself and Debora Hendrix, MAI. Our staff has over 100 years of combined real estate experience. Call us if we can assist with your appraisal or market analysis needs.
.
Michael Dodds, MAI, CCIM, MRICS
Categories : INTEGRA NEWS
Comments Comments Off on Brantley Clark Earns MAI Designation from Appraisal Institute
Sep
24

Upstate Groups Planning Neighborhood for Elderly, Low-Income

Posted by: | Comments Comments Off on Upstate Groups Planning Neighborhood for Elderly, Low-Income

– Spartanburg Herald Journal

The Greenville County Redevelopment Authority, Upstate Homeless Coalition and U.S. Department of Housing and Urban Development are working together to build a neighborhood for the elderly and modest-income families, agency officials this week told City Council.

Once the site of a 14-acre mobile home park, the Creekside development is on Biblebrook Drive between West Poinsett and Memorial Drive near the Sunnyside district. It is supposed to include 36 one-bedroom units for the elderly in 18 duplexes and 36 single-family homes, a community center and central laundry facility, GCRA executive director Martin Livingston said.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:
http://www.goupstate.com/article/20090924/ARTICLES/909241032/1083/ARTICLES?Title=Groups-planning-neighborhood-for-elderly-low-income

Categories : Greenville, Spartanburg
Comments Comments Off on Upstate Groups Planning Neighborhood for Elderly, Low-Income
Sep
24

Median Price of Residential Homes, Condos and Villas

Posted by: | Comments Comments Off on Median Price of Residential Homes, Condos and Villas
– Midlandsbiz.com

In the most recent quarter, second quarter of 2009, median price of homes increased to $154,000, a dramatic turnaround after three consecutive quarterly declines. The Columbia region experienced a 3.8% increase in median housing prices between second quarter 2008 and second quarter 2009 – one of the best performing markets in the state over the past year. The only other areas of the state to experience increases in median prices over the past year are Aiken and Cherokee County.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.midlandsbiz.com/local_stats/median_price_of_residential_homes_-_greater_columbia_-_to_q2_2009/
Categories : Columbia
Comments Comments Off on Median Price of Residential Homes, Condos and Villas
Sep
23

Columbia Housing Authority to Receive $10 Million

Posted by: | Comments Comments Off on Columbia Housing Authority to Receive $10 Million
– The State

The Columbia Housing Authority will receive $10 million in federal stimulus money to help build 60 affordable rental units and 36 homeownership units at The Village at River’s Edge. All units will be built with features such as thermopane windows, energy star appliances and plumbing fixtures that will conserve water.

The 28 acres for the $35 million project was purchased and cleared in 2001; it is located off River Drive in North Columbia.

Gilbert Walker, the Housing Authority’s executive director, said: “We are very excited about beginning this new project. We have had great success with building green units and are looking forward to seeing this community become reality.”

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.thestate.com/local/story/954387.html
Categories : Columbia
Comments Comments Off on Columbia Housing Authority to Receive $10 Million
– GSA Daily

Associated Builders and Contractors today reports that the nation’s Construction Backlog Indicator for July rose 8.9% to 6.1 months from 5.6 months in June. The CBI is a gauge of the amount of construction work to be completed, measured in time, currently under contract.

“While the magnitude of the monthly increase was significant and impressive, June was the lowest point for the CBI since ABC began collecting national data in November 2008,” said Anirban Basu, ABC chief economist. “At that time, the CBI stood at 7.1 months, or 14% above its current level of 6.1 months.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.gsabusiness.com/news/29547-nonresidential-construction-industry-may-have-hit-bottom?rss=0
Categories : National News
Comments (1)