Archive for September, 2016

Sep
13

Top States for Doing Business – SC at #2

Posted by: | Comments Comments Off on Top States for Doing Business – SC at #2

2nd-place-trophyWhat’s it take to be recognized as a top state for doing business? On one hand, it’s a complicated question to answer, because there are a lot of factors that go into that kind of a reputation. On the other hand, you can get a pretty good idea of what it takes by checking out the attributes of some of the states that top the list.

The overall cost of doing business is, of course, a primary consideration, one that encompasses a wide range of components, from real estate costs to utility rates to labor expenses. The environment created by state and local leaders plays a big role, too — the choices they make on tax structures and business incentives can tip the scales on cost, and they also can impact the no-hassle factor driven by their overall responsiveness, their regulatory practices, and how fast they respond to permitting requests. And the kinds of workforce programs states establish make a tremendous difference in both labor-related costs and hiring challenges. A location or facility project won’t get far without adequate capital, either, and that’s a factor that can vary quite a bit from one place to another.

Site consultants have an insider’s view into all of these factors — and an unbiased perspective, too. That’s why Area Development’s Top States for Doing Business analysis solicits the views of in-the-know consultants. For 2016, we surveyed consultants and asked them to name their top state picks in each of 10 categories that impact location and facility decisions. They shared their top picks in each category, and we weighted those scores to come up with rankings within each factor, along with overall rankings that take all of the factors into account.

READ MORE HERE

Comments Comments Off on Top States for Doing Business – SC at #2
Sep
13

Colliers Releases Columbia Medical Office Report

Posted by: | Comments Comments Off on Colliers Releases Columbia Medical Office Report

Key Takeaways
> The Columbia, MSA population is expected to grow by 5.4% between 2016 and 2021 to more than 866,000 people.
> Statewide consolidation of medical records will enable healthcare providers to service the community efficiently and at a reduced cost.
> Owners of hospitals are updating their interiors to improve patient experience and safety during their visits.
> Construction has begun at Lexington Medical Center’s 545,000 square-foot expansion.

Click on the image to download the report.

colliers-2016-mob

Categories : Columbia
Comments Comments Off on Colliers Releases Columbia Medical Office Report
Sep
13

The NC/SC CCIM Fall Conference is Next Week

Posted by: | Comments Comments Off on The NC/SC CCIM Fall Conference is Next Week

The NC/SC CCIM Fall Conference is in Charlotte next week. There is  a great lineup of speakers and networking events. Click on the image below to learn more.

sc-nc-ccim

Comments Comments Off on The NC/SC CCIM Fall Conference is Next Week
Sep
13

Extensive Renovation Planned for Faber Place Park Building

Posted by: | Comments Comments Off on Extensive Renovation Planned for Faber Place Park Building

faber-parkAllegiancy is in the midst of an extensive renovation and branding project at 4130 Faber Place Drive, located in the Executive Park at Faber Place Park in North Charleston. The renovations will include significant upgrades to both the interior and exterior of the building.

Allegiancy, a Richmond VA based commercial real estate Asset Management firm, has been managing properties in N. Charleston for nearly a decade. The company acquired the building in April and made its first step in rebranding the asset by changing its name to Faber Crossing. The building’s extensive renovation project has been ongoing since the time of purchase.

The company is incorporating modern finishes to the interior lobby, common areas, restrooms and elevator. Outside, the building now showcases an extensive landscaping upgrade, complete with local flowers and shrubs. All vacant spaces have been white boxed to allow new tenants the ability to design a custom space that will fit their needs. A modern monument sign and new roof complete the renovations.

Faber Crossing, formerly Ashley Corporate Center, is well located in one of Charleston’s premier office parks just off I- 526. The asset, with 11,402 RSF available for lease, is being leased by Frank Norvell of Norvell Real Estate Group.

The building upgrades are expected to be completed by early Fall 2016 and Novell and Allegiancy will host an exclusive broker event to reveal the upgrades at that time.

Categories : Charleston
Comments Comments Off on Extensive Renovation Planned for Faber Place Park Building
Sep
13

Recent Coldwell Banker Commercial Atlantic Transactions

Posted by: | Comments Comments Off on Recent Coldwell Banker Commercial Atlantic Transactions

coldwell banker commercial atlanticLadson – Kristen Corri Krause of Coldwell Banker Commercial Atlantic Intl. / Historic District Real Estate represented the Tenant, Feyen-Zylstra LLC, in the lease of a 7,500-square-foot Industrial/Office space at Acro Commerce Center, 8351 Palmetto Commerce Parkway in Ladson, SC. Alan Bolduc of Avison Young represented the Landlord.

North Charleston – Brent Case, CCIM and Marlena Franklin, CCIM of Coldwell Banker Commercial Atlantic represented the Buyer, Mummert Financial LLC, in the purchase of 1.668-acres of land for $837,500. Chris Rozakos of Christopher David Properties represented the Seller.

Categories : Charleston
Comments Comments Off on Recent Coldwell Banker Commercial Atlantic Transactions
Sep
12

Greenville’s Largest Industrial Park Sold

Posted by: | Comments Comments Off on Greenville’s Largest Industrial Park Sold

matrix-currenttenant-map-foAt 1,100-acres, The Matrix, the largest industrial park of its kind in Greenville County, has a new owner, a new name, and will soon have a new look. The park’s new ownership entity, Augusta Grove – Greenville, LLC, is a partnership led by TPA Group of Atlanta and Appian Investments, a Greenville-based investment group, together with Greenville County Business Park Public Facilities Corporation as a minority partner. TPA/Appian will manage the venture that now owns more than 700 acres that remain undeveloped within the park. NAI Earle Furman will be overseeing a substantial rebranding effort to reintroduce the park as Augusta Grove – A Greenville SC Business Park. The park will also receive a number of significant improvements including new signage, landscaping and lighting plans.

The Matrix was created more than 15 years ago has until now has been owned and marketed by a county-led initiative. Fueled by the proximity to major interstates, Greenville’s central position along I-85 between Atlanta and Charlotte, and the neighboring South Carolina Technology and Aviation Center (SCTAC, the 2,600-acre former Donaldson Airforce base and home of an expanding group of nearly 100 corporate users such as Michelin and Lockheed), The Matrix has seen success attracting a diverse mix of key successful manufacturing and logistics owners such as GE Aviation, KI Logistics, Roy Metals, The Blood Connection, Sun City Produce, JTEKT, Magna Industries and others.

NAI Earle Furman represented the buyer, Augusta Grove – Greenville, LLC, and will facilitate future land sales and development as well as manage the overall park.

Categories : Greenville
Comments Comments Off on Greenville’s Largest Industrial Park Sold
Sep
12

Integra Sponsors Greenville CRE Forecast

Posted by: | Comments Comments Off on Integra Sponsors Greenville CRE Forecast

Integra Realty Resources is proud to sponsor the 13th Annual Greater Greenville Commercial Market Forecast to be held on Thursday, September 29, 2016. The Greater Greenville Association of REALTORS®, CCIM South Carolina Chapter, and SIOR Carolinas Chapter, have partnered to bring you the most comprehensive discussion of commercial real estate trends in the Upstate. I hope to see some SCREnews followers at the event. Click on the photo below to learn more about the event.

greenville-ccim

Categories : Greenville
Comments Comments Off on Integra Sponsors Greenville CRE Forecast
Sep
12

NAI Avant Brokers ±23,392 Square Foot Industrial Lease

Posted by: | Comments Comments Off on NAI Avant Brokers ±23,392 Square Foot Industrial Lease

leased-agreement-with-keysNAI Avant senior broker Nick Stomski, SIOR, and Dick Stanland, CCIM, SIOR, recently represented the landlord, Shop Grove Warehouses, LLC in the lease transaction at 195 Shop Grove Drive in Columbia. Alimex Precision in Aluminum, Inc. leased ±23,392 square feet (SF) of the modernized distribution space that was completed in April 2015. This lease brings the ±130,500 SF industrial park to 100% occupancy. The third and final phase of the park is under design and permitting, and ground breaking is expected in the fourth quarter of 2016.

Categories : Columbia
Comments Comments Off on NAI Avant Brokers ±23,392 Square Foot Industrial Lease
Sep
12

What if They Had Relied on Zillow to Set the Asking Price?

Posted by: | Comments Comments Off on What if They Had Relied on Zillow to Set the Asking Price?

money-drainAccording to The State newspaper, a house on Lake Murray just sold for $1,425,000.

The “Zestimate” for the same house, at 18 Scott Branch Road in Chapin, SC is $822,368.

Think twice before placing any weight on anything from Zillow.com……..

 

Comments Comments Off on What if They Had Relied on Zillow to Set the Asking Price?
Sep
05

Columbia’s Doubletree Hotel Sold

Posted by: | Comments Comments Off on Columbia’s Doubletree Hotel Sold

sold sign56The DoubleTree by Hilton located in Columbia has been sold. Newmark Grubb Knight Frank (NGKF) represented the seller, Columbia Hotel and Conference Center LLC. North Carolina-based TT&C Hotel Group LLC/Smith Curry Hotel Group purchased the five-story property for an undisclosed amount. The buyer plans significant renovations to retain the DoubleTree by Hilton affiliation.

“The DoubleTree has substantial meeting space and the largest ballroom in the market, allowing it to effectively compete for group business to complement its transient market share. The buyer sought to expand its existing Charlotte portfolio and capitalized on an opportunity to acquire the property at a discount to the current market replacement costs,” said Sam Winterbottom, executive managing director, NGKF. “Meanwhile, the seller disposed of a non-strategic asset and recycled capital into Augusta, GA, where it’s based.”

The hotel offers 237 guestrooms, 23,000 sq. ft. of event/meeting space, a lounge, an on-site restaurant, an outdoor swimming pool, business center, fitness center and gift shop. Nearby destinations include the University of South Carolina, the South Carolina State House, the Columbia Metropolitan Convention Center, the central business district and The Vista, a live-work-play area.

Categories : Columbia
Comments Comments Off on Columbia’s Doubletree Hotel Sold