Archive for December, 2009

Dec
30

Lawyers Tout Observation Tower-Topped Building To Watch 787 Dreamliners Take Off

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– The Post and Courier

The sky’s the limit for the first round of developers hoping to capture Boeing-related business.

Two Mount Pleasant lawyers, for example, are floating the idea of building a 10-story office complex on Montague Avenue, complete with an observation tower to watch the 787 Dreamliner take off and land.

The $30 million project is being marketed toward Boeing suppliers who will need to set up shop in the Charleston area to support the Dreamliner final assembly plant, scheduled to open in mid-2011. And one local expert expects industrial developers to follow suit, tweaking their warehouse plans toward aviation manufacturers.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:
http://www.postandcourier.com/news/2009/dec/30/developers-set-their-sights-high/

Categories : Charleston
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Dec
29

RealtyLink Sells Bridgestone Building in Myrtle Beach, S.C.

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Greenville, S.C.-based RealtyLink has sold an 8,142-square-foot Bridgestone building located in Myrtle Beach. Situated on 1.1 acres, the building was completed in February. Bridgestone is occupying the property under a 15-year corporate net lease with 10 percent rent increases every 5 years as well as four extension options. Tyson Glass of RealtyLink represented the seller. The buyer was a South Carolina-based private investment group. This transaction closed escrow on December 16, 2009 for $2,237,000 (approx. 40 days in contract)Buyer was a private investment group out of SC and obtained a loan equal to approx. 80% of the price
Categories : Myrtle Beach
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Dec
29

Anderson, SC Retailers Say Sales Better Than Expected For Holiday

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– Anderson Independent-Mail

Anderson retailers reported solid holiday sales this year, in line with a national trend.

National data showed that shoppers spent more money this holiday season than last year, and that caused major indexes to rise during Monday stock trading. MasterCard Advisors’ SpendingPulse, a report tracking all forms of payment, said retail sales rose 3.6 percent from Nov. 1 to Dec. 24. Those sales dropped 2.3 percent the year before.

Lee Luff, president of the Anderson Area Chamber of Commerce, said local retailers reported modest gains in holiday sales. He said the clothing industry was very successful this year.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.independentmail.com/news/2009/dec/28/anderson-retailers-say-sales-better-expected-holid/
Categories : Anderson
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Dec
29

Beaufort County Assessor’s Office Dealing with Property Assessment Appeals

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– The Island Packet

Monday was the last day for thousands of Beaufort County taxpayers who disagreed with their recent property reassessment to file appeals — and it showed in the county Assessor’s Office in Beaufort, which was swamped with visitors.

About 116,000 notices were mailed Sept. 28. Taxpayers must file appeals within 90 days of the postmark on their property reassessment notices.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.islandpacket.com/news/local/story/1083458.html
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Dec
28

Downtown Spartanburg, SC Takes On New Vibrancy

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– Spartanburg Herald Journal

During the past 10 years, corporate headquarters, new restaurants, a state-of-the-art library and excitement surrounding future educational facilities have pumped life back into Spartanburg’s downtown.

In an opinion column in 2001, then Mayor-elect Bill Barnet wrote that he hoped by the year 2010, Spartanburg would have creative housing opportunities in the central business district, a new arts and science complex and a Renaissance Park project under way.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.goupstate.com/article/20091227/ARTICLES/912271091/1086?Title=Downtown-Spartanburg-takes-on-new-vibrancy&tc=ar
Categories : Spartanburg
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Dec
28

Hope Remains Steady for Myrtle Beach’s Inlet Square Mall

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– The Sun News

Three months after falling under new ownership and a month after the conclusion of its bankruptcy proceedings, employees and shoppers are still awaiting answers about the future of Inlet Square mall.

In September, Murrells Retail Associates, an entity within the Philadelphia-based RAIT Partnership, became the owner of the Murrells Inlet mall. Outside of a statement made at that time saying the new owners have “many years of experience managing and rehabilitating properties in transition” and that they were working on plans for the mall, officials have been unavailable for contact.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.thesunnews.com/news/local/story/1230270.html
Categories : Myrtle Beach
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Dec
28

Columbia’s new 18-Story Main & Gervais Tower Opens Today

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– The State

When the new 18-story Main & Gervais tower opens on Monday, it will mark the zenith of a building boom unmatched in Columbia since Sherman’s troops got tricky with matches.

The $60 million building is the third office tower to open on “South Carolina’s Main Street” in the past five years and crests a decade-long wave of new construction that has reshaped the capital city’s downtown.

And the modern, wedge-shaped glass building at the corner of Main and Gervais streets puts an exclamation point on arguably the city’s more prominent power location – directly across the street from the State House.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.thestate.com/local/story/1085954.html
Categories : Columbia
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Dec
22

Horry County 4th in South Carolina in Number of Bankruptcies Filed

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– The Sun News

Horry County has the fourth-largest number of bankruptcies so far this year in South Carolina, surpassing some counties with higher populations.

An area economist says the county’s rampant job loss and the income makeup of many residents exacerbate the problem and signal that it could take years before the numbers drop.

From January through November, 620 bankruptcy cases were filed in Horry County, according to data from the U.S. Bankruptcy Court District of South Carolina. There were 444 bankruptcy filings for the county in all of 2008.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.thesunnews.com/business/story/1224214.html
Categories : Myrtle Beach
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Dec
22

New Development Plan Will Guide Mauldin, SC Growth

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– Greenville News

Mauldin City Council has adopted a new 20-year comprehensive plan that will guide how the city develops amid forecasts for continued population growth and growing traffic congestion.

The council passed the state-required plan by unanimous vote on final reading without debate.
The plan covers everything from population and transportation to locations for potential investment, preservation of natural resources and development of cultural resources.

Mayor Don Godbey called it a “well-thought out” plan, while Councilman Gabe Hunter said it was the city’s best comprehensive plan.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.greenvilleonline.com/article/20091222/NEWS/912220333/1004/NEWS01/New-development-plan-will-guide-Mauldin
Categories : Greenville
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Dec
21

Greenville’s NAI Earle Furman Releases 2009 Year End Review

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Here is the link to their year end report:

http://files.e2ma.net/30672/assets/docs/nai_earle_furman_newsletter_4q09.pdf

Categories : Greenville
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Dec
18

Bluffton, SC: Tanger Outlet 1 Makeover Work To Begin Early Next Year

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– The Island Packet

The owners of Tanger Outlet Center I in greater Bluffton plan to begin demolishing and redeveloping the shopping center early next year after Beaufort County officials granted final approval Wednesday for the project.

The owners of the 25-acre center have long been “embarrassed” about its condition and have planned to rebuild it since 2005, said Walter Nester, a McNair Law Firm attorney representing Tanger.
To watch the demolition live, log on to

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:
http://www.islandpacket.com/news/local/story/1072679.html

Categories : Bluffton
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Dec
18

Harper Corporation Begins Demolition of Main St. Building in Downtown Greenville, SC

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This large demolition project will make way for future downtown development. This project includes demolition of five separate structures, totaling over 66,000SF. The Harper team has worked to coordinate with the City of Greenville and surrounding organizations to minimize the impact of the project on the Downtown Community.

Harper Corporation has enlisted the expertise of Clear Site Industrial to perform the hands on demolition and disposal of the structures. This team, with a strong focus on sustainable construction/demolition, will strive to divert 90% of the demolished material from landfills.

You can watch the demolition live at this website:
http://www.clearsiteindustrial.com/projects.html

Categories : Greenville
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Dec
17

Bluffton, Developer Agree To Continue Work on Project East Plan

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– The Island Packet

Bluffton town council members voted four to one Tuesday to sign an agreement with Ohio development company Chippewa Partners LLC to research plans for Project East — a project officials say could create over 800 local jobs and include a culinary school, an indoor amusement park, restaurants, hotels and shops.

Mayor Pro Tem Fred Hamilton voted against the memorandum of understanding, which outlines how Project East might proceed. The memorandum estimates the project would create annual net profits of over $8 million for the town and generate an estimated $771,000 in accommodation tax revenues.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.islandpacket.com/news/local/story/1071502.html
Categories : Bluffton
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Dec
17

Freddie’s Mike May: 2010 Will Be a Tough Year for Multifamily Sector

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– Multifamily Executive

It’s been a turbulent year for the multifamily industry, but not nearly as turbulent as it could’ve been.

Thanks to Freddie Mac and Fannie Mae, the multifamily industry was able to stave off the kind of collapses seen in other commercial real estate sectors. The companies comprised about 80 percent of all multifamily business over the past year, helping to keep values relatively stable by providing liquidity.

For its part, Freddie Mac has navigated the year well, keeping its delinquency rate at the lowest in the industry while churning out new business.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://multifamilyexecutive.com/debt/freddies-mike-may-2010-will-be-a-tough-year.aspx
Categories : National News
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Dec
16

Commercial Real Estate Humor (Video))

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Categories : Humor
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