Johns Island residents push for better infrastructure

Wooden stakes show possible areas where Maybank Highway will be widened. (Photo/Ashley Heffernan)Two-lane roads leading on and off the state’s largest island are increasingly at a standstill during rush hour, prompting some Johns Island residents to ask for a pause on residential permitting until infrastructure can catch up.  Read More...

CofC buys King George IV Inn for $3.2M

The King George IV Inn, located at 32 George St. in downtown Charleston, was purchased by the College of Charleston and will continue as a lodging operation. However, it will be used for college purposes, not in a commercial environment, college spokesman Mike Robertson said.  Read More...

Analysts worry Department of Labor’s new overtime rule may slow job growth

The Department of Labor doubled the threshold at which salaried workers are entitled to overtime pay, raising that figure from $23,660 to $47,476. The government says the new threshold will protect millions of workers, but some fear the increase in labor costs may result in fewer jobs and higher prices. Read More...

Airbnb to start collecting hotel, tourist taxes from S.C. hosts, guests

Airbnb plans to begin collecting and remitting hotel and tourist taxes from S.C. hosts and guests, the company announced Wednesday in a news release. Many municipalities around the state, such as North Charleston, Columbia and Myrtle Beach, allow short-term rentals; while others, like Charleston, prohibit them.  Read More...

Ceterus bookkeeping service closes on $4.2M Series A investment round

Charleston-based Ceterus, which streamlines bookkeeping services for franchise owners, has closed on a $4.2 million Series A investment. The round was led by Atlanta-based TechOperators, with participation from Idea Fund Partners of Raleigh and Alerion Ventures of Charleston. The money will be used to hire more employees. Read More...


Hot Properties for May 23, 2016

Michael Carmody and Markus Kastenholz of CBRE Inc. represented the seller, 68 Spring Street LLC, in the sale of The Abbey, a renovated 19-unit apartment building at 221 Coming St. in Charleston, to James Towne Village LLC for $5.4 million. Miles Martschink of Clement Crawford & Thornhill represented the buyer. Read More...

Fashion Plate for May 19, 2016

Clothing retailer Torrid has opened a location in Tanger Outlets-Charleston, and Bath & Body Works has relocated to a temporary space while its suite undergoes renovation. And Croghan’s Jewel Box is holding a Single Stone trunk show Friday and Saturday.  Read More...