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South Carolina
Commercial Real Estate News
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08/29/2018
Google Moving Forward with $600 Million Expansion of South Carolina Data Center After County Approves Incentive Package
One decade after opening a data center in the Mount Holly Commerce Park in Moncks Corner, South Carolina, just north of Charleston, tech giant Google recently received approvals from Berkeley County to invest $600 million for a third expansion of the...

08/24/2018
Willow Creek Partners Secures $17 Million Bridge Loan for Azalea Hill in Greenville
Reston, Virginia-based Willow Creek Partners secured $17 million in financing for Azalea Hill, a 160-unit apartment complex in Greenville, South Carolina. The loan was originated by Suzanne Cope of Hunt Real Estate Capital, which originated the bridge...

08/24/2018
Medical, Educational and Religious Uses Fortify Southeastern Shopping Centers
Alex Munoz, managing director with Atlanta-based retail real estate firm, The Shopping Center Group. Courtesy: The Shopping Center Group.On the eve of the International Council of Shopping Centers' Florida conference, an expert who oversees 360 properties...

08/21/2018
New Jersey-Based Industrial REIT Buys FedEx Ground Facility in North Charleston for $47.2 Million
Freehold, New Jersey-based real estate investment trust Monmouth Real Estate Investment Corp. acquired a 265,318-square-foot FedEx Ground facility near North Charleston, South Carolina, for $47.17 million, or about $178 per square foot. Monmouth Real...

08/20/2018
Myrtle Beach Multifamily Rent Growth Among the Highest in the Nation
The Latitude at the Commons, a 288-unit apartment complex in Myrtle Beach, South Carolina. With more than 14 million visitors a year, Myrtle Beach, South Carolina, is regularly one of America’s most crowded beaches. But it’s not just tourism keeping...

08/15/2018
New Tariffs Creating Concern Among Carmakers in South Carolina
Pictured: The 6 million-square-foot BMW Assembly Plant in Greer, South Carolina. The increase of tariffs on foreign goods has created uncertainty in South Carolina’s industrial market. Already, major companies have had to address what impact the new...

08/10/2018
Savannah Rentals Go for $50 Million
A suburban Savannah, Georgia apartment complex has sold for just under $50 million. B&M Management, a Montgomery, Alabama apartment shop, closed on Two Addison Place in Pooler, Georgia two weeks ago. It paid $49.75 million, or $153,000 per unit, for...

08/07/2018
Alexander Properties Group Secures $10 Million Loan for River Walk Vista
Alexander Properties Group, a multifamily investor based in Chamblee, GA, secured a $10 million loan for Riverwalk Vista, a 237-unit multifamily complex at 100 Bryton Terrace in Columbia SC. Randy Wolfe, managing director at NorthMarq Capital’s Atlanta...

08/06/2018
Q&A: Capital Development Partners Chief John Knox Porter Sees Opportunity for Ports Markets in Post-Panamax World
Image credit: Capital Development Partners After playing inside linebacker for Georgia Tech’s football team, John Knox Porter followed in his father’s footsteps to pursue a career in real estate. He spent 25 years with CBRE’s logistics and infrastructure...

08/02/2018
Healthcare Trust of America to Sell 16-Bldg. Medical Office Portfolio in Greenville for $285 Million
Pictured: Building C of the Patewood Medical Campus in Greenville, SC. Medical office real estate investment trust Healthcare Trust of America announced it has agreed to sell its 16-building portfolio in Greenville, South Carolina to an undisclosed buyer...

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