Nearly 28% of S.C. homes sold in June bought in cash

Distressed sales made up 7.6% of all sales in South Carolina in June, which is down from 9.5% in May and 19.4% in June 2014, according to RealtyTrac’s midyear report.In the Charleston-North Charleston MSA, institutional investor sales accounted for 1.9% of all sales from January to June, according to real estate data company RealtyTrac. Nearly 26% of sales in that period were all-cash, and just over 12% were distressed, meaning the properties were in foreclosure or bank-owned when sold.  Read More...

Berkeley County School District narrows superintendent search to 3 finalists

More than 100 candidates applied to become the next superintendent of the Berkeley County School District. The finalists are: Brenda Blackburn, superintendent of Montgomery County Public Schools in Virginia; Samuel DePaul, superintendent of Colquitt County Schools in Georgia; and Jerome Stewart, most recently superintendent of Midlothian Independent School District in Texas.  Read More...

Lyman takes command of Joint Base Charleston; DeVore moves to Pentagon

Col. Robert Lyman (Photo/Sr. Airman Jared Trimarchi for the Air Force)Col. Robert Lyman has assumed command of Joint Base Charleston and the 628th Air Base Wing. Col. Jeffrey DeVore, who commanded the base since August 2013, will be chief of the Global Mobility Division at the Pentagon. Read More...

CresCom Bank parent declares dividend

The board of directors for Carolina Financial Corp., which is the parent company for Charleston-based CresCom Bank, declared a cash dividend of 3 cents per share as a result of the company’s strong second-quarter results. It will be paid on Oct. 7 to stockholders of record as of Sept. 18.  Read More...

Economist on midyear job growth: Charleston ‘doing the best in the state’

S.C. economists Stephen Slifer, owner of NumberNomics; Joseph C. Von Nessen at the University of South Carolina’s Moore School of Business; and Bruce Yandle, at the Clemson University College of Business and Behavioral Science, weigh in with their views on the economy for the next six months. Read More...


On the Menu for July 28, 2015

CoffeeLatte Out Loud, a latte art competition of Charleston-area baristas, is set for Aug. 13 at Kudu Coffee & Craft Beer in downtown Charleston. Baristas will be judged on contrast, difficulty, design, symmetry and positioning.  Read More...

Hot Properties for July 27, 2015

Philip Owens of Cushman & Wakefield Thalhimer represented the seller, NAT Charleston LLC, in the sale of 80,000 square feet of rail-served warehouse property on 4.25 acres at 916 Commerce Circle in Hanahan to Sumter Packaging for $3.3 million. Read More...