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Real Estate Related News January 2, 2013 How a commercial real estate buyer should handle due diligenceAfter signing a contract for your commercial building purchase, you begin due diligence, which is usually a 45- to 60-day period you and your broker use to inspect every possible issue, use or aspect of the property. There are a number of key areas to consider and you only have a limited time to do so. December 17, 2012 City of Spartanburg to subsidize downtown rentsThe city of Spartanburg is launching a competition for businesses to battle for rent subsidies and fill vacant storefronts on Main Street. Starting in January, the Main Street Challenge will help three entrepreneurs open new businesses next year by providing a cash incentive of $12,000, or $1,000 each month for the first 12 months, to be used as rent assistance in a downtown location pre-identified by the city and participating property owners. December 3, 2012 Plaza makeovers take downtown to new levelUsed to be when people got to Main and College, they’d turn around and walk back. There wasn’t much beyond if you weren’t staying at the hotels — just some shops, a mass of office towers and parking garages on either side. October 10, 2012 Net Lease Properties Become a Hot Commodity Due to Low Yields on Alternative InvestmentsSeptember proved to be a busy month for the single-tenant net lease sector. Within a 24-hour period on Sept. September 27, 2012 ULI Survey Scales Back Commercial Real Estate PredictionsBy Keith Loria, Contributing Editor The Urban Land Institute released findings from its second semi-annual survey of the nation’s leading real estate economists and analysts on Wednesday, Sept. 26, and predicted less than hoped for commercial real estate sales in the next three years. August 30, 2012 Upstate retail space adapting to changing marketThe owners of The Point shopping center got creative in 2009 when Circuit City closed and left behind a large, empty shell on Woodruff Road in Greenville. The shopping center fell from 100% to 60% occupancy. August 29, 2012 The lease: how it evolvesMaybe it is just me, but recently I have read a number of leases which are, at a minimum, badly out of date. In many cases, this is due to the fact the landlords had the text initially drafted to contemplate their then new project, spending monies to compile a text which was both correct and acceptable. August 24, 2012 Market for downtown office space on the riseFor all that downtown Greenville is — with its restaurants, bars, trees, sidewalks and entertainment — it’s also a place where scores of people come to work. And the legions working in banking, finance and communications jobs in high-rise buildings downtown are important components of what makes the central business district vibrant, providing daytime activity and customers for restaurants, shops and city parking garages. August 15, 2012 Planning board denies request for commercial zoning near East-West ConnectorANDERSON — Anderson County's planning commission rejected a request Tuesday to rezone 26 acres near the East-West Connector to allow an assisted-living center there. M&S Management LLC sought to have property near the intersection of Concord Road and the connector reclassified from residential land to commercial acreage to allow for the building. August 9, 2012 Apt. Recovery Shifts Into Expansion Mode As Developers Step Up Delivery of New ProjectsApartment market fundamentals continued to be rock solid through the second quarter, becoming the first CRE property sector to make the full transition from recovery mode into expansion and see increasing rents, declining vacancy and a burst of new construction. Of the four major property types, apartments possess the best recovery story with vacancy rates compressing by 190 basis points since the beginning of 2010. July 6, 2012 Remade Church Street offers hint for other downtown thoroughfaresChurch Street, the partly reconstructed artery that skirts downtown to the east, is now prettier, bike-friendlier and somewhat slower to drive. With the $5.1 million effort to remake the boulevard from a blistering bypass into a part of the city center comes with wide sidewalks and tree-filled medians but also the loss of some driving space and rush-hour back-ups, though complaints so far seem to be few. July 6, 2012 Commercial Mortgages Show How Bad It GotJust five years ago, the commercial real estate market was thriving. The delinquency rate on mortgage loans was at a record low, and the volume of new mortgages being sold to investors was at a record high. June 22, 2012 Wave of small West End projects boosts downtown developmentThere’s plenty of evidence of a development wave washing over downtown Greenville and some of it isn’t noisy at all, with almost all the work being done inside buildings that have stood for decades. A local real estate company plans to restore three old industrial buildings in the West End to create a 62,000-square-foot, mixed-use development that would include a new headquarters for Oobe Inc., the homegrown uniform services company. June 14, 2012 Big-Box Space Remains Hard to FillClose to a year after Borders Group Inc. collapsed, suburban shopping centers still are struggling to fill the vacated big-box space—and to cope with changes in the way Americans shop. June 14, 2012 New Proposed Fed Lending Rules Could Tighten Development CapitalThe Federal Reserve Board this past week invited comment on three proposed rules that would revise the methods for calculating risk-weighted assets for certain exposures and would increase the amount of capital that banks would be required to maintain. Taken together, the proposals would implement in the United States the Basel III regulatory capital reforms from the international Basel Committee on Banking Supervision and changes required by the Dodd-Frank Wall Street Reform and Consumer Protection Act. June 11, 2012 Resident gifts land to city for green spaceOne Greenville resident decided to buy the Historic Cleveland Park Stables in an attempt to prevent potential green space from turning into an apartment development. M. June 8, 2012 State's commercial real estate market shows improvementSouth Carolina’s commercial real estate market showed improvement in the first quarter, with the greatest growth coming in apartments, office and industrial facilities, according to a Wells Fargo Economic Group report. Overall the state’s economy is “finally gaining some traction” with a recent spate of economic development announcements, the economists said. June 1, 2012 Commercial Real Estate Improves, Multifamily StrongShaking off a prolonged impact from the recession, fundamentals are gradually improving in all of the major commercial real estate sectors, according to the National Association of REALTORS® quarterly commercial real estate forecast. The apartment rental sector has fully recovered and is growing. May 25, 2012 Park could spur Westside developmentA new public park off Hudson Street along the Swamp Rabbit Trail could be just one of many efforts to spur revitalization throughout Greenville’s Westside. The park could open up the doors to create more housing opportunities on the Westside, city of Greenville Mayor Knox White said to more than 200 people at a GSA Business Power Breakfast event at the Kroc Center Thursday. May 24, 2012 All Commercial Real Estate Sectors Continue to Improve, Multifamily StrongWASHINGTON, DC, May 24, 2012 (MARKETWIRE via COMTEX) -- Shaking off a prolonged impact from the recession, fundamentals are gradually improving in all of the major commercial real estate sectors, according to the National Association of Realtors(R) quarterly commercial real estate forecast. The apartment rental sector has fully recovered and is growing. May 24, 2012 Commercial-Property Recovery Slowed in March, Moody's SaysU.S. commercial-property price gains slowed in the past three months as concern over Europe’s debt crisis reduced the availability of financing for real estate transactions, Moody’s Investors Service said. May 23, 2012 A Community Springs From Acres Once Held by a Reclusive MagnateGREENVILLE, S.C. — Over the last decade this city of 60,000 invested $76 million to erase memories of the malaise that had settled over its downtown. May 22, 2012 City to acquire site for Public WorksGreenville City Council gave unanimous, preliminary approval Monday to acquire 33 acres of property along Fairforest Way that would be used to construct a new Public Works facility. The West Greenville site of the current facility on Hudson Street could be turned into a public park on the Swamp Rabbit Trail, said Greenville Mayor Knox White. May 22, 2012 Downtown airport breaks ground on parkThe Greenville Downtown Airport began site preparation on Monday for the park planned next to its runway. The airport has been raising funds for the park since 2010 and hopes the park will spur children’s interest in becoming pilots. May 16, 2012 Hope for Commercial Real EstateAs the deepest U.S. recession since the Great Depression grinds on, there are some hopeful signs for a turn around in the much diminished commercial real estate arena. May 10, 2012 Growth Diagnosis Differs for Largest Drugstore ChainsThe nation's three largest retail pharmacy chains continue to diverge on their real estate expansion plans. Rite Aid Corp., which has consolidated dramatically since the onslaught of the Great Recession, has recently slowed the pace of closures and believes it now may even have an opening to regain some marketshare. May 9, 2012 Finding The Right Commercial Real EstatePurchasing real estate related to commercial purposes is a lot different from purchasing a home. Read on for a few suggestions and tips that could help you get a great deal. May 8, 2012 The turn is here: vibrant commercial real estate development abounds in Downtown CharlestonOn Saturday, I started my day with an early spin class downtown. The only available street parking was more than a half a block down King Street past Wentworth Street, where I parked in front of the old Abercrombie & Fitch, which is now the new Anthropologie Store. May 8, 2012 Commercial Markets Stabilize in First Quarter 2012Commercial real estate in REALTOR® markets recorded broader stabilization trends during the first quarter of 2012. Based on the results of the April Commercial Real Estate Market Survey, overall market activity registered slight improvements compared with the fourth quarter 2011. May 7, 2012 CREShow: Experts Bullish on Healthcare Real EstateWhile some commercial real estate property sectors are struggling to recover from the Great Recession, the market for medical office buildings has and will continue to remain healthy.
To read full article, click here. May 3, 2012 NAR: tight lending choking commercial real estate sector2011 showed signs of a potential commercial real estate sector recovery, but industry professionals are pointing to tightening lending standards as a hindrance to that recovery, particularly with smaller commercial businesses.
Market recovery hindered by lending conditionsAccording to the National Association of Realtors’ (NAR) annual Commercial Real Estate Lending Survey, commercial markets showed signs of recovery in 2011, but commercial lending standards have tightened in the past year for small businesses, which NAR has said “scuttled a major portion of contracted transactions for smaller properties.”
To read full article, click here. May 2, 2012 S.C. moves up state business rankingsSouth Carolina moved up a spot to No. 7 on Chief Executive magazine’s list of the best states in which to do business. April 28, 2012 Where to Start When You Want to Sell Your Commercial Real EstateThinking about selling your commercial real estate? Want some advice to help you do it right? April 27, 2012 Greenville list as one of America's Greatest Main Streets by Travel & LeisureGreenville has made tremendous strides over the last few decades, successfully turning its Main Street area into a lively and pedestrian-friendly destination (case in point: four lanes of traffic were reduced to two lanes with free parking). Its streets are lined with coffee shops, pubs, and antique shops. April 26, 2012 Greenville crafting transit development planThe city of Greenville will have a workshop May 3 to gather public input on crafting a plan that will promote mixed-used development along an enhanced public transit system. The city hired Chicago-based Center for Neighborhood Technology to develop a “transit-oriented development” strategy or TOD. April 17, 2012 Greenville ranks No. 9 for growth in U.S.Greenville is ranked ninth nationwide as one of the fastest growing U.S. cities, according to CNNMoney. April 11, 2012 Office and Warehouse Sectors Lead Continued Recovery of U.S. Commercial Real Estate Market, According to CoStar GroupWASHINGTON, Apr 10, 2012 (GlobeNewswire via COMTEX) -- Although rising energy prices and fiscal debt issues for both domestic and foreign governments remain as clouds on the horizon, the U.S. commercial real estate market is in the midst of a continued recovery being led by the office and warehouse sectors, according to the latest research from CoStar Group. April 11, 2012 MBA report: Multi-family continues to lead commercial real estate recoveryThere's no doubt which commercial real estate sector is performing the best today: multi-family. And a new report from the Mortgage Bankers Association does nothing to contradict this. April 11, 2012 New Reports Highlight Continued Growth In Commercial Real EstateTwo new reports are charting a significant increase of activity in the commercial real estate industry.According to the latest research from CoStar Group, the U.S. commercial real estate market is in the midst of a continued recovery being led by the office, industrial and - to a lesser extent - retail sectors. April 10, 2012 US Apartment Vacancy Down, Rents UpThe multifamily sector continued its torrid run as vacancy rates fell by 30 basis points in the first quarter down to 4.9 percent, according to real estate research firm Reis Inc. The last time the vacancy rate was this low was more than 10 years ago in the fourth quarter of 2001. April 10, 2012 U.S. Borrowers Falling Behind on Commercial Real Estate LoansIt's not a pretty picture. Numerous borrowers who took out commercial real estate loans in 2007 find themselves defaulting on the payback today, according to the latest research from New York City-based Trepp LLC. April 10, 2012 Bankruptcy Reorganizations Increasingly Utilized by Commercial Real Estate Loan Borrowers“Over the past few months, we have been seeing an increase in Chapter 11 bankruptcy reorganizations as a tool utilized by commercial real estate borrowers in their negotiations with lenders,” stated Kevin M. Levine, Executive Vice President of Peak Asset Solutions (http://www.peakassetsolutions.com). April 9, 2012 Confusion of commercial rent: What are you actually paying for?Understanding commercial real estate rents is one of the most confusing topics for small businesses. Terms such as “base rent,” “net rent,” “triple net,” gross and CAM fees all add to the confusion. April 9, 2012 CoStar: Region's property prices continue recoveryPrices for commercial real estate property have been on a wild ride in recent years. As was the case in the single-family housing market, commercial property prices increased rapidly during the middle of the past decade but then took a nose dive during the Great Recession. April 5, 2012 GSP's land use plans could recruit industryBy Liz Segrist lsegrist@scbiznews.com Published April 5, 2012 Plans for the nearly 3,500 acres of land surrounding the Greenville-Spartanburg International Airport could help recruit manufacturers or large companies to the Upstate. “We want to help position the Upstate to go after the next BMW-type project that may be out there in the future,” GSP President and CEO Dave Edwards said during a GSA Business Power Breakfast Thursday. March 27, 2012 Real Estate Agent, Broker, Realtor or Commercial BrokerReal Estate Agent, Broker, Realtor or Commercial Broker - what do they all mean and who are you looking for? These are all different types of real estate professionals. March 26, 2012 Change to property tax law stimulates some real estate dealsLarge commercial real estate deals are already benefiting from changes to South Carolina’s property tax laws approved in 2011, while the impact on second-home sales has been limited. “The projects that we have on the drawing board wouldn’t be on the drawing board” if the law hadn’t changed, said John Darby, president of The Beach Co., which has several large projects under way. March 26, 2012 S.C. House Ways and Means Committee to vote on abandoned buildings billIn an effort to revitalize the state’s surplus of older buildings to fit today’s manufacturing needs, a S.C. House Ways and Means subcommittee approved a measure giving tax breaks for renovations of abandoned or dilapidated buildings. March 22, 2012 NC, SC state line isn't where folks thought it wasLAKE WYLIE, S.C. — Relatively small errors by surveyors using stakes, hatchets and mental arithmetic 240 years ago could mean the end of Victor Boulware's tiny convenience store.For decades, officials thought the land where the store sits was in South Carolina, because maps said the boundary with North Carolina drawn back in the 1700s was just to the north.But modern-day surveyors, using computers and GPS systems, redrew the border to narrow it down to the centimeter. March 20, 2012 The Way To Select A Commercial Real Estate BrokerChoosing a commercial real estate broker is important due to the fact his services would establish whether you will succeed in your business endeavour or not. You should make sure that you are hiring a licensed professional and not someone who will not have any legitimate suitable to work as a commercial real estate broker. March 20, 2012 The Best And Worst Cities For Jobs This SpringThe country added 227,000 new jobs in February, according to the Bureau of Labor Statistics, the third consecutive month of gains of more than 200,000. That’s a good sign that the labor market is strengthening and the economy is finally on the mend, even if unemployment remains at 8.3%. March 16, 2012 Greenville's Year in Review PublicationClick here to see The Year in Review from Greenville, SC. March 15, 2012 S.C. ranks No. 5 in region for economic development dealsSouth Carolina finished in the middle of the pack in the South Atlantic region for the number of new facilities and expansions announced in 2011, according to the March edition of Site Selection, a national publication that tracks economic development.
To read full article, click here. March 15, 2012 CoStar Pricing Indices Point to Consistent Commercial Real Estate Pricing Growth and Improving Investor SentimentWASHINGTON, Mar 15, 2012 (GlobeNewswire via COMTEX) -- This month's CoStar Commercial Repeat Sale Indices (CCRSI) provides the market's first look at January 2012 commercial real estate pricing. Based on 631 repeat sales in January and more than 100,000 repeat sales since 1996, the CCRSI offers the broadest measure of commercial real estate repeat sales activity. March 14, 2012 Homework Trumps Gut Instinct in Retail BrokeringWhen Donald G. Fisher, the founder of the Gap clothing chain, began expanding in Manhattan in the 1990s, “he would stand in front of a space, see how many people walked by, and say, ‘Hey, this looks like a good spot,’ ” said Robert K. March 13, 2012 S.C. seeks solution for old building surplusThe search is on to find solutions for the state’s surplus of older buildings made for manufacturing needs of the past. Many of these buildings remain vacant as economic developers struggle to attract new businesses willing to upfit them. March 12, 2012 Real Estate Advice That Takes The Guess Work Out Of Commercial PropertyIf you’re going to invest in commercial property, have some idea about what type of commercial property you are considering. You could wind up losing your shirt if you don’t invest wisely. March 8, 2012 Banks Returning to CRE Lending via Multifamily, Owner-Occupied PropertiesIt's not a big hook to hang a hat on, but the small increase in some commercial real estate loan balances on bank books at the end of the year serves as yet another indication of thawing lending markets for property investors. Overall loan balances on bank books posted their largest real growth in four years, according to year-end numbers released this past week by the Federal Deposit Insurance Corp. March 2, 2012 Enter the commercial property space, but after a reality checkHigh net worth individuals (HNIs) are betting big on commercial real estate these days. According to wealth managers, many rich individuals are either buying under-construction properties with an intention to sell them later, or buying completed and pre-leased properties for regular rental income. March 1, 2012 NAR Commercial Real Estate Report PositiveThe National Association of Realtors (NAR) reports vacancy-rate improvement across all commercial real estate sectors, although a majority of office and industrial tenants continue to enjoy concessions and discounts, and construction forecasts remain poor. NAR analysts predict vacancy rates will continue to shrink in 2012, which arguably translates to better market performance. February 24, 2012 Commercial Real Estate Vacancy Rates Improving, Rents FirmingWASHINGTON, DC, Feb 24, 2012 (MARKETWIRE via COMTEX) -- According to the National Association of Realtors(R) quarterly commercial real estate forecast, all of the major commercial real estate sectors are seeing improved fundamentals, but multifamily housing is becoming a landlord's market commanding bigger rent increases. These trends also are confirmed in NAR's recent quarterly Commercial Real Estate Market Survey. February 23, 2012 Study: Costs Linked To Proposed Lease Accounting Changes Could Harm Economy, CRE ValuesReal estate businesses and property values could be adversely affected by the new accounting standards -- and the cost of complying with them -- according to a report backed by a coalition of real estate and business groups. As international rule makers prepare to release another draft of proposed accounting changes that would require companies to capitalize real estate and equipment leases, a report warns that current proposals would impose huge costs on businesses, costs that could potentially offset at least 190,000 jobs, slowing U.S. February 23, 2012 Clemson study compares S.C. counties likelihood for growthComparing South Carolina’s 46 counties for likelihood of long-term growth, Greenville County ranked No. 13; Anderson County ranked No. February 20, 2012 How commercial tenants can enforce their rights in the event of foreclosurehe commercial real estate market has been experiencing the kind of instability that requires due diligence from building owners and tenants alike. A tenant may believe that, by signing a lease, it is assured its space as long as it upholds all stipulations of that lease. February 15, 2012 Hyatt to add four retail stores, restaurant to North MainBy: Liz Segrist The renovations to the Hyatt Greenville in downtown will add a new restaurant and four new retail stores to the North Main area, increasing foot traffic and economic activity. The area in front of the Hyatt will be known as “Noma Square,” a play off of the North Main area. February 15, 2012 Charleston commercial market shows optimism for 2012By: Lauren Ratcliffe
Citing slight growth in projected GDP and an influx of 240,000 jobs nationwide in January, Robert Bach is optimistic about the economy for the coming year. Bach, senior vice president and chief economist for Grubb & Ellis, stressed guarded optimism based on economic indicators because each of the past two years showed similar signs of improvement in the spring
To read full article, click here. February 10, 2012 New Cliffs owners bring new business planSteve and Penny Carlile may add a hotel, resort and other commercial development to the Cliffs at High Carolina, the newest of Upstate developer Jim Anthony’s projects. The Carliles, who own a lot at High Carolina near Asheville, said Thursday they plan to acquire the Cliffs Club & Hospitality Group Inc., or ClubCo, through bankruptcy. February 9, 2012 Anthony's Cliffs projects to be soldThe 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.”
To read full article, click here. February 2, 2012 Greenville Unveils Plans For Piazza BergamoGREENVILLE, S.C. -- After months of public meetings and information gathering, the city of Greenville has unveiled its plans for the renovation of a central spot in downtown on Wednesday.The announcement was made at a public meeting Wednesday evening at the Hughes Library. February 2, 2012 No More Fear and Loathing of CRE Lending for BanksAs economic headwinds subside, the commercial real estate lending business for U.S. banks has hit an inflection point. February 2, 2012 Back in Business: CRE Sales Volumes Make Strong ComebackThe dollar volume of commercial real estate sales vaulted back to longterm historical levels in 2011. CoStar Group has confirmed $291.6 billion in CRE sales in 2011, a 32% increase over the sales volume in 2010. February 1, 2012 Commercial Real Estate Quarterly Market SurveyCommercial real estate in REALTOR® markets moved toward broader stabilization during the fourth quarter of 2011. Based on the results of the January Commercial Real Estate Market Survey, overall market activity registered slight improvements compared with the third quarter. January 30, 2012 What Investors Should Know About Commercial Real Estate LoansCommercial real estate transactions you do not close unless the loan is approved. You can also improve cash flow if the loan interest rate low. January 27, 2012 Panelists: Recession forces real estate industry to get creativeBy Liz Segrist lsegrist@scbiznews.com Published Jan. 27, 2012 When walking in downtown Greenville and seeing three cranes and a flurry of construction at the Project One site, recession isn’t the word that comes to mind. January 27, 2012 Ecoplosion generates burst of ideas for entrepreneursWell over 300 business leaders, entrepreneurs and the community explored entrepreneurship, economic development and real estate at the first Ecoplosion, a summit designed to focus on ways the Upstate can build an entrepreneurial culture.It worked, said Leighton Cubbage, one of the two original creators of the summit.
To read full article and see video, click here. January 26, 2012 SC listed as one of the top 5 states for Doing BusinessFrom the most recent edition of Commercial Real Estate Investment Magazine, page 43. Top 5 States Doing Business 1. January 25, 2012 How to hire a commercial real estate brokerThe commercial real estate industry is just turning the corner of one of the worst markets in decades. In some cities, vacancy rates for industrial and office spaces are dropping as slow employment gains drive up the demand to put a roof over workers’ heads. January 20, 2012 Answers To Commercial Real Estate QuestionsAny time that you’re entertaining the purchase of commercial real estate property, you need to realize just how much goes in to evaluating that particular piece of property. Unless you’re approaching this the right way, you could end up spending a lot. January 20, 2012 Commercial Real Estate Information For Successful Sales And PurchasingThe world of commercial property is a gigantic place with a ton of information that you'll need wade thru. You'll wonder what precisely qualifies a property to be a commercial property. January 19, 2012 Why You Need a Commercial Real Estate Agent to Lease or Buy a PropertyConsider your agent a source of inside information on the spread between asking and gaining Rates, concessions, incentives, terminology, etc. in the present market. January 18, 2012 City of Greenville invites public to see Piazza Bergamo's designIf you're curious about what the massive construction project in downtown Greenville will end up looking like, take a look... January 18, 2012 Fifth Third Bank moves into S.C. marketBy Liz Segrist lsegrist@scbiznews.com Published Jan. 18, 2012 Fifth Third Bank recently leased property in downtown Greenville for its first location in the South Carolina market. January 12, 2012 Trouble Is Brewing for Office MarketBy CRAIG KARMIN And ELIOT BROWN Penn Mutual Towers, an office complex across the street from Independence Hall in Philadelphia, has seen its vacancy rise and income fall after one big tenant left and another renewed its lease for 15% less than it had been paying. Its creditors are foreclosing on the property, according to data company Trepp LLC. January 5, 2012 Ideas offer hope for Haywood Road rebirthBy Rudolph Bell Staff Writer Potential new development and city beautification work along Haywood Road may signal a revival of the commercial corridor where business and property owners have long been concerned about retailers and shoppers leaving for greener pastures on Woodruff Road. RealtyLink, a Greenville-based developer, hopes to redevelop the property that Toys R Us is planning to vacate at the intersection of Haywood and Woods Crossing Road as well as the shopping center next door where Circuit City used to be, a principal with the development firm said. January 4, 2012 South Carolina ranks third as top destination to relocateStaff Report Published Jan. 3, 2012 In 2011, South Carolina ranked third as the leading destination state for family relocations, according to the 44th annual Magnet States Report released by Allied Van Lines. January 3, 2012 Investors see commercial real estate as a good betDespite the economy, investors are bullish on the prospects for office buildings, the largest commercial real estate sector, a survey finds. Apartments are viewed as the most favored category. January 3, 2012 How to determine if leasing or buying real estate is a better optionIn light of the slow recovery of the economy, you may not be ready to commit your business to an expansion. But many analysts remain optimistic that the economy will continue to improve. January 1, 2012 Commercial Property Tax Exemption for 2011 and After AvailableMEMORANDUMCommercial Property Tax ExemptionS.C. Code Ann. December 30, 2011 Distressed commercial real estate in retreat?By Mike Donnelly, Published: December 25 Distressed commercial real estate in the United States — including properties in default, foreclosure or taken back by lenders — totaled $171.6 billion in October 2011. That is a dip from the recent past. December 28, 2011 Greenville, SC listed as one of America's Best Downtowns by ForbesAs recently as fifteen years ago, there would be no chance of Greenville making anybody’s list of top downtown areas. Suffering from decades worth of neglect losing business to the suburbs, the city engaged in an aggressive renewal project that has been enormously successful in transforming the downtown into a thriving cluster of new homes, shops, restaurants, and arts offerings. December 27, 2011 Cogdell Spencer sold to Ventas, IncA Chicago-based medical real estate investment trust has agreed to buy Charlotte’s Cogdell Spencer Inc. for $760 million. December 22, 2011 Equity One, Inc sells a shopping center in GreenvilleShareThis Equity One to sell 36 shopping centers Staff Report Published Dec. 22, 2011 Equity One Inc. December 14, 2011 CRE Price Index Sees First Year-Over-Year Gain Since 2008CoStar’s monthly National Composite Index of commercial real estate prices increased 2.2% in October from the same period a year ago, the first year-over-year improvement since the economy took a sharp downward turn in 2008. The solid recovery of investment-grade property prices and the continued decline in distressed sales volume spurred the growth in commercial property pricing, lifting the index to an impressive 1.8% gain in October from the previous month and continuing its upward trend. December 14, 2011 Should a Business Buy Its Own Building?Should a business buy its own building in this market? A small business owner recently asked me that very question. November 30, 2011 Commercial Real Estate Ranks Highest Among Investment AlternativesIn 3Q11, commercial real estate ranked highest among investment alternatives, followed by cash, in CCIM Institute and Real Estate Research Corp.’s 4Q11 RERC/CCIM Investment Trends Quarterly. “Despite the investment losses taken with commercial real estate during the past few years, it is still a relatively stable investment compared to the volatility of the stock market, and the potential is there for reasonable returns,” said Ken Riggs, CCIM, CRE, MAI, chief real estate economist of the CCIM Institute and chairman and president of Real Estate Research Corp. November 22, 2011 Available U.S. Retail Space to Drop for First Time Since 2005, CBRE SaysSpace available for leasing at U.S. local shopping centers will decline next year for the first time since 2005 as a growing economy spurs retailer expansion, commercial-property brokerage CBRE Group Inc. November 16, 2011 Multifamily Media FrenzyApartment investments still rule the front page. by Rich Rosfelder We’ve all seen the headlines: “Apartments Shine as Beacon of Hope” and “Multifamily Sales Defy the Slump.” National newspapers, industry blogs, and local business publications, among others, have joined in a chorus singing the praises of apartment investment opportunities throughout the country. November 14, 2011 Measured Improvement in Commercial Sectors ExpectedDespite sluggish economic growth and continuing concerns over high unemployment and the struggling housing market, the modest but steady improvement in commercial real estate in 2011 is expected to continue into 2012 and 2013, analysts told REALTORS® yesterday. There’s some positive news, NAR Chief Economist Lawrence Yun said. November 11, 2011 Here's Why Retail Real Estate Hasn't Shown Any Signs Of Recovery YetWhile other property types, like multifamily and office, have shown consistent signs of recovery, retail has yet to do so. Why is retail recovery lagging, and are there specific retail subsectors that are bucking the trend and posting gains? November 10, 2011 30 Best Cities for JobsThe newest unemployment numbers show a slight improvement in the nation’s unemployment rate. Americans now may have some small hope that the Great Recession might be coming to an end. November 9, 2011 Retail Demand Continues Steady Recovery, Some Pockets of Pain PersistWith the holiday shopping season getting under way in earnest this month, recession-weary American consumers are setting aside their worries about stagnant U.S. employment, a soft housing picture and the debt crisis in Europe to go shopping. November 7, 2011 Westside StoryThe transformation of Greenville’s Westside should open opportunities for residents and businesses. Greenville Mayor Knox White said the city is ready to expand into this area. November 2, 2011 Leaders push for "mega-region" collaborationThe Upstate is in the middle of a push for businesses to capitalize on the emerging “mega-region” between Charlotte and Atlanta, said officials at the Upstate SC Forum at BMW Zentrum Tuesday. The so-called mega-region, created mainly by Atlanta, Greenville and Charlotte, needs to focus on infrastructure, emerging regional clusters, training and retraining and energy and influence, said Ted Abernathy, the director of the Southern Growth Policies Board and event moderator. October 28, 2011 Real Estate Alert - Reliance on Zoning LettersIn Carolina Chloride, Inc. v. October 24, 2011 U.S. Endowment for Forestry renovates abandoned buildingThe U.S. Endowment for Forestry and Communities recently renovated its building at 908 E. October 19, 2011 U.S. Office Market Posts Strong Third Quarter AbsorptionWith the construction pipeline all but shut down and reduced rents prompting many tenants to trade up for better or more efficient space, the U.S. office market absorbed a strong 19 million square feet in the third quarter, according to data presented this week at CoStar Group’s Third-Quarter 2011 Office Review & Outlook. October 12, 2011 Single-Tenant Property Sales Surge To Record NumbersWith money to burn but still having a strong aversion to risk, investors have increasingly turned single-tenant properties into one of the hottest commercial real estate plays in the country. For the last quarter of 2010 and first two quarters of this year, CoStar Group shows that sales of single-tenant properties have averaged more than 10,000 transactions per quarter - the highest quarterly totals on record. September 21, 2011 Commercial Market Hits a Snag in ReboundMany companies that were looking for office space are now opting to delay their plans as uncertainty looms in the economy, stalling what had been a two-year rebound, The Wall Street Journal reports. The commercial market had been picking up in recent months because of expectations that rents and occupancies would continue to rise. September 19, 2011 Greenville textile site added to EPA Superfund listA former Greenville textile site joins five other hazardous waste sites in the Southeast as posing risks to human health and the environment. The former textile operation at US Finishing/Cone Mills in Greenville was added to the list. September 19, 2011 Stores reversing big-box trendThe belief in retail that bigger is better may be fading. National chains known for their huge stores are starting to think smaller. September 13, 2011 Union Mill redevelopment on holdRedevelopment of the former Union Mill property into a senior-living community appears to be off, according to the city’s mayor. Union Mayor Harold Thompson said he hasn’t heard from the developer, Cardinal Real Estate Group, in several months. |
