The Cliffs Club & Hospitality Group Inc., which owns the Cliffs Communities golf courses and associated amenities, said assets are being sold to the Carlile Group.

In a letter to members, the group’s board said Carlile Group’s offer was “selected after months of negotiations, analysis and deliberations.”

“The board unanimously agrees that the Carlile Group has the strongest plan for the future of our clubs with terms that address the interests of the creditors fairly,” the letter states.

The Cliffs Communities developed by Upstate native Jim Anthony were hit hard by the recession as sales stalled and banks quit lending on lots. In 2010, he partnered with community residents to raise at least $60 million from club members to fund development of courses and amenities at the Cliffs at Mountain Park in South Carolina and the Cliffs at High Carolina near Asheville. The hope was that the finished amenities would boost lot sales.

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The 55,038-square-foot Stanford Court, anchored by BI-LO and CVS/pharmacy, has traded. Located at 3220 W. Blue Ridge Dr. in Greenville, the property is situated immediately south of a Wal-Mart Supercenter. The Mansour Group of Marcus & Millichap represented the seller, a private developer. A private investor purchased the retail property. According to Loopnet, the center was built in 1996.

Baptist Easley Hospital broke ground today on a 32,000-square-foot medical complex in Powdersville at the corner of Highway 81 and McNeely Road, near the intersection of highways 153 and 81.

The $8 million facility will be anchored by MD360, an urgent-care center operated by Greenville Hospital System University Medical Center. This will be the fourth MD360 for GHS, joining locations in Greenville, Greer and Simpsonville.

The Steadman Hawkins Clinic of the Carolinas, Proaxis Therapy and specialty surgeons from GHS will also have space at the Medical Center of Powdersville. Baptist Easley is a joint venture of GHS and Palmetto Health of Columbia.

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Cunningham Villas, an 80 unit apartment complex located at 24 Cunningham Road in Taylors, SC has sold. According to Loopnet, the complex consists of one, two, and three bedroom units. The one bedroom units are appx. 700 square feet, two bedroom units are appx. 800 square feet, three bedroom units are appx. 875 square feet. Washer dryer connections are in select units. The property has recently had +/-60 of the units completely upgraded; including new paint, carpet, appliances and overhaul of the landscaping. It is reportedly 98% occupied.

All of the buildings are wood frame construction with hardy plank and brick siding and composite shingle roofs. Community amenities include on-site leasing office and on-site laundry facility. Cunningham Villas was built in 1980. The units are electric and use gas for heat and hot water. Unit amenities include fully equipped kitchens, spacious floorplans and storage units. Tenants are responsible for electric and gas. Water and sewer are master metered.

The purchase price was $2,050,000, or $25,625 per unit. Mark Boyce, with the National Multi Housing Group of Marcus & Millichap represented the buyer and seller.

Bell Partners has purchased the 224-unit Vinings at Brookfield Apartments, located at 815 E. Butler Rd. in Greenville, for $20.3 million. The property will be renamed Bell Brookfield.

Davis Property Group has begun construction on 100 East, a seven-story mixed-use building featuring apartment units and retail space in the heart of downtown Greenville. Scheduled for a Summer 2012 completion, the project will consist of 48 apartment units, 6,000 square-feet of ground level retail and the city’s only rooftop swimming pool.

Featuring large open spaces, the floor plans at 100 East will be contemporary and will provide residents with a unique living environment. Interior specifications for all units include GE appliances, stackable washer/dryers, granite countertops and plank flooring. Common amenities include private electronic access to the building, Spring Street Garage parking on the same level as the apartment with a short walk to the front door, and a ground level fitness center that will be accessible 24 hours a day.

According to Austin Knapp, the Development Manager for the project, “This project will be truly unique for South Carolina as our feature amenity will be a rooftop swimming pool. This will be the only rooftop swimming pool off the South Carolina coast and the only one currently offered in an apartment community. The rooftop deck will offer outstanding views of downtown and provide outdoor entertaining space with gas grills.”

Milestone Plaza on Pelham Road in Greenville was one of 36 shopping centers in the Southeast and Maryland sold by Equity One Inc. for $473 million to Blackstone Real Estate Partners VII. The 89,721-square-foot shopping center is anchored by Bi-Lo. Other tenants include Ruby Tuesday, Advance Auto, Great Clips, Allstate and RadioShack.

The other shopping centers sold as part of the Blackstone acquisition are predominately located in the Atlanta, Tampa, Fla., and Orlando, Fla., markets, with additional properties located in North Carolina, Alabama, Tennessee and Maryland.

The portfolio generated net operating income of approximately $35.4 million for the 12-month period ended June 30 and was 91% occupied, Equity One said.

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One of the pillars of downtown Greenville — Wachovia Place — is facing foreclosure, and the future of the office, retail and apartment complex remained uncertain Monday as a judge decides whether to name a court-appointed receiver to manage the property. The individual businesses that are tenants in the 200,000 square feet of offices, shops and apartments aren’t in foreclosure. But the property could be sold, raising the possibility of new ownership, according to court records.

The property at the corner of South Main and Washington streets began in 1973 as a nine-story office building. Its former owner, DRA Advisors Inc. of New York, added shops, apartments and a courtyard during a major renovation and expansion.

In 2002, Mayor Knox White called the Wachovia-driven rebirth of the block the “most significant redevelopment since the Hyatt” and a hoped-for “breakthrough in retail downtown.”

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Home sales jumped 42% in August, compared to the same month in 2010, according to the most recent data from the Greater Greenville Association of Realtors.

In August, 675 homes were sold, up 42% from August 2010. Average price was $175,340, and the median price was $141,976. This was the second consecutive monthly increase when compared to last year’s data. In July, 614 homes sold, up 25.6% from July 2010.

For the year, however, sales remain unable to keep pace with 2010 levels, which were inflated by tax credits during the first half of the year.

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The build-to-suit activity is expected to increase for the rest of 2011 for the Greenville, Spartanburg, Anderson market, according to a quarterly commercial real estate report by Colliers International.

Developers showed interest in acquiring sites for build-to-suit activity and construction reappeared for the first time since the start of the recession, during the second quarter of 2011. Tenant activity in the Greenville office market slowed during the second quarter, resulting in a net decline in occupancy by 19,968 square feet, which resulted in an 18.4% vacancy rate at mid-year 2011.

Several existing firms, mainly in the engineering sector, caused the negative absorption. Several economic development announcements could bring momentum in the coming months, such as Project One, a mixed-used of office and retail tenants at Washington and Main streets in downtown Greenville.

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