Private equity firm KSL Capital Partners has secured $553 million in financing for a 23-property hotel portfolio, marking its second major hospitality refinancing this fall.
Hotel construction activity is strong across the Carolinas, with nearly 7,700 rooms under construction across roughly 70 properties and over 20,000 rooms in final planning. Some 22 projects are expected to open by year-end, accounting for just over 2,200 rooms.
The Carolinas’ hotel sector is performing well, with seven of the region’s 10 hotel markets achieving revenue per available room growth in the first half of 2025. However, some markets could see a drop-off in the second half of the year as hurricane-induced demand subsides and economic concerns rise.
Alterra IOS, a real estate investment firm that claims to be the largest player in the fast-growing U.S. industrial outdoor storage sector, has acquired 12 properties across seven states as the Philadelphia-based firm continues its shopping spree.
The steel industry may be bracing for the impacts from potential tariffs on imported goods, but the largest U.S. steelmaker is not letting the uncertainty stall its expansion plans.
The new owner of Salt Life, an activewear brand for outdoor and ocean enthusiasts, is closing all of its retailer's stores as it transitions the brand to a wholesale and e-commerce model.
Apartment owners and operators, as well as renters in two of South Carolina’s primary beach towns have experienced lower rents over the past 12 months.
Rents in Myrtle Beach, South Carolina’s multifamily sector decreased 1.5% on an annual basis in the second quarter of the year. This marks the first time that annual rent growth for Myrtle Beach apartments declined since the Great Financial Crisis of 2008. The slowdown in rent growth here has been driven mostly by shifts in demand for the region’s units and the historic level of multifamily units that have been added by developers over the past three years.
JPMorgan Chase is doubling down on its physical branches in the Carolinas as part of a strategy to gather more consumer deposits and sell more fee-based services including wealth management advice.
The office sector in Myrtle Beach, South Carolina, is experiencing one of the tightest markets in its history, with the average vacancy in the low single digits at 2.3%. In response, building owners have been able to push the region’s office rents to a record-high average of around $21 per square foot, a level not seen since the quarters leading into the Great Recession.
Public Storage bought a portfolio of eight self-storage facilities in the Carolinas for $108.7 million, a sign of continued investor interest in the property type amid slowing of demand after the pandemic.
Houston made the biggest jump on a list of the top U.S. destinations where people are relocating as southern states grapple with a larger influx of residents compared to any other region.
Japanese battery technology company AESC Group, announced it has started construction on a massive 1.5 million-square-foot battery plant in Florence County, South Carolina, and expects to commence commercial operations in 2026, creating 1,170 new jobs in the region.
One business day after a Texas bankruptcy judge signed a court order, approving the sale of Tuesday Morning to an affiliate of Hilco Global, the liquidator has begun sales of goods at what's left of the off-price retailer's store fleet spanning 25 U.S. states.
In late 2021, developers in Myrtle Beach, South Carolina began the largest expansion of apartment inventory in the city’s history and ended 2022 with 4,082 units under construction.
A team of investors with debt from a real estate investment trust plan to buy and rent new homes in a fast-growing South Carolina coastal city being built by a national homebuilder.
Cushman & Wakefield has expanded its hospitality services group in the Southeast by luring a brokerage team away from Marcus & Millichap with hotel property demand expected to pick up.
A South Carolina real estate investor and developer expanded its home state holdings with the purchase of a newly built apartment property in Myrtle Beach to close the final three months of the year that saw an upswing in sales.
Envision Group, a Japanese manufacturer of batteries for electric vehicles, will develop an $810 million factory near Florence, South Carolina, to supply cars being made in the state for BMW.