Archive for May, 2019

May
31

Winston-Salem Apartments Sold for $16.4 Million

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ashton oaksEller Capital Partners has purchased Ashton Oaks, a 288-unit apartment community in Winston-Salem, for $16.4 million, or $56,944 per unit.

The seller was not disclosed. Built in 1988, the property offers one- and two-bedroom layouts and is situated within one mile of Wake Forest University’s campus.

Chapel Hill, N.C.-based Eller Capital plans to renovate Ashton Oak’s exteriors, build new amenities and upgrade the interior finishes. Affiliate firm Eller Residential Living will manage the property and oversee the construction project

Categories : Winston-Salem
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May
31

CBC Atlantic Announces Transactions

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two soldNorth Charleston, SC – 5/22/2019 – Brent Case, CCIM and Caine Halter of Coldwell Banker Commercial Atlantic represented the Buyer, 3213 Rivers, LLC, in the Purchase of a 2,850-square-foot retail space for $220,000 at 3213 Rivers Ave. in North Charleston, SC. Craig Massey of Avison Young represented the Seller.

North Charleston, SC – 5/22/2019 – Brent Case, CCIM of Coldwell Banker Commercial Atlantic represented the Seller, M35 Investors, LLC, in the Sale of a 3,307-square-foot office for $793,000 at 4515 Spruill in North Charleston, SC.

Summerville, SC – 4/24/2019 – Mike Rose, CCIM of Coldwell Banker Commercial Atlantic represented the Seller, First National Bank of SC in the Sale of a 1.01-acre piece of land for $365,000 at 2861 Ladson Rd. in Summerville, SC. Billy Benedict of SE Retail Advisors represented the Buyer, Speedway, LLC.

Categories : Charleston
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May
31

Columbia Apartment Vacancy Rises to 8.9%

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house constructionAccording to Real Data, supply outpaced demand in the Columbia area over the past six months. The occupancy rate was affected by this and is now 91.1%. There are currently six communities under-construction in the overall market. These communities are located in the Central, Northeast and West submarkets. Rental rates increased by 3.2% over the past twelve months bringing the average monthly rent to $1,077.

Over the next year, new supply will decrease to meet demand. Therefore, occupancies are forecasted to remain level over the next year. Rental rates will increase by 2.5% to 3.0% over the next twelve months.

Categories : Columbia
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May
30

Publix to Open Third Bluffton-Area Location

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Publix (1)Publix is opening a third Bluffton-area location in an area that has long waited for more convenient shopping.

The 70,200 square-foot shopping center’s development was officially announced late Wednesday by Halvorsen Holdings — a Florida-based real estate developer — for May River Crossing, according to a news release from the developer.

The grocery store will mainly serve the New Riverside and Palmetto Bluff communities and will be located on the northeast corner of S.C. 170 and May River Road adjacent to land with a proposed mixed-use development to include office and retail space.

“Located in a high-end residential and visitor area, the accessibility to this center is great and, in fact, a high priority for Publix,” Tim Berg, president of Halvorsen Real Estate Corporation, said.

READ MORE HERE

Categories : Bluffton
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