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Charleston CRE Market Shows Little Signs of Slowing Down

Posted & filed under Local News.

It's a good time to be in the Charleston commercial real estate market. All three sectors - retail, office, and industrial - are experiencing less than 10% vacancy rates. "If real estate growth were an SEC story, [Charleston] would be national champions," said K.C. Conway of the Alabama Center...

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As Airline Passengers Increase, Airport Expansions Likely

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Some of the planned expansions include a new concourse, likely built where the existing rental car area is now, an extension of Concourse B, check-in area expansion with more counter space, a new 3,000 space parking deck, extending the circular drop off loop to create more surface parking, and...

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CofC to Offer Bachelor's Degree in CRE Finance

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College of Charleston's decision to offer one of the only undergraduate finance focused commercial real estate programs in the county comes at a time of great need for Charleston's growing commercial sector. Students will take courses about historic preservation, marketing, planning, and law, among...

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Publix Signs Lease for Rogue Motion Space on Folly Rd

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James Island is slated for a new Publix grocery store in the strip center that currently houses Rogue Motion, a boat storage and sales center. The property will be redeveloped to include out parcels close to Folly Road. > Click here to read when the store expects to open. <

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Business Owners of Historic Architecture Beware

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“If you’re from 1830, you’re probably getting tired,” [Andy Meihaus] said. “So things just get tired. These old buildings get tired." Although appealing to owners and consumers alike, aging architecture is not for the cash-strapped owner. Learn more about downtown Charleston properties...

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Dubbed Silicon Harbor, Charleston Tech Scene Gains Momentum

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"Charleston's affordability, laid-back lifestyle and fledgling tech scene are its selling points at a time when so many cities are pursuing a slice of the booming tech market." As Charleston's tech scene continues to grow, so do the problems it faces. < Click here to find out what is holding...

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Panama Canal Expansion Brings XL Vessels to Charleston

Posted & filed under Local News.

After the widening of the Panama Canal last year, Charleston expects to see a continued increase in vessels carrying over 14,000 cargo boxes. Jim Newsome, CEO of the State Ports Authority, anticipates even bigger ships in the future. < Click here to learn what products make up 40% of the overall...

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140,000 SF Retail Center Planned For Mixed-Use Nexton Site

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A real estate company purchased a 17 acre site in Nexton for $5.01M with plans to develop a 140,000 SF retail center called Nexton Square. Two popular dining spots in downtown Charleston, Halls Chophouse & Taco Boy, plan to open a restaurant in the new center. Groundbreaking this fall. <<...

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2,000 AC Tract on Wadmalaw Island Sold for $18.36M

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American Timberlands purchased approximately 2,000 acres of Wadmalaw Island along Point Farm Road. The new owners plan to use it as a high-end recreational tract, building a new lodge and using it for investors to hunt, fish, and entertain. << Learn more here about what the Coastal...

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Plastics Warehousing & Packaging Co. Expands into Charleston

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Mid-States Packaging, a third party warehousing and packaging outfit for plastic companies, has invested over $5M in a new facility on Goer Drive, North Charleston. Mid-States President, Chuck Giroux said, “The United States, with its natural gas, is a low-cost manufacturer of those pellets in...

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