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Lowes Foods to open Summerville store, close others
Lowes Foods, a Carolinas-based grocer, is opening a fifth store in the Charleston market in Summerville, while the company plans to close other locations. The Summerville store will be 50,887 square feet and will anchor a new retail center between two large Berkeley County residential developments, according to a news rele[...]
How this Charleston startup uses tech to track cargo across the globe
As COVID-19 brought the global supply chain into focus with myriad disruptions, it became clear the lack of visibility in overseas shipments needed to be addressed. It also marked a turning point in the future of logistics, as it was clear new tools and technology would be necessary to avoid similar problems in the future. [&hel[...]
Economy remains solid – for now
With a surprisingly large 336,000 increase in payroll employment for September, one can make a plausible case that the Fed will boost the funds rate by 0.25% to 5.75% at the end of this month. We disagree. We are looking for no change in the funds rate at this meeting. While the level of interest […]
North Charleston apartments sell for more than $5.4M
Investment specialists with Marcus & Millichap assisted with the sale of Clement Arms Apartments, a 49-unit multifamily community in North Charleston. The property sold for $5,440,000, or $111,020 per unit. Ryan Lipomi, Will Graves and Nate McDaniel in Marcus & Millichap’s Charleston office had the exclusive listin[...]
African carrier orders 4 Boeing Dreamliners
TAAG Angola Airlines became the latest carrier to order Boeing 787 Dreamliners in what it calls a move to make its fleet more modern and efficient. The carrier and Boeing said the African airline has ordered four of the fuel-efficient widebody planes. “Our goal is to work with the best manufacturers in the world toward [&h[...]
Construction begins on 278-unit community in Summerville
Construction has begun on Marlowe Summerville, a 278-unit rental complex on a 27.9-acre site in Summerville. It is the first foray into South Carolina for The Resmark Companies, a Los Angeles-based real estate investment management company, which is partnering with Greystar Real Estate Partners, a Charleston-headquartered invest[...]
HOT PROPERTIES: Healing Hands leases office in Mount Pleasant
Jeremy Willits and Gerry Schauer of Avison Young represented the landlord, First Point Properties LLC, in the lease of 1,484 square feet of office space at 498 Wando Park Blvd. in Mount Pleasant to Healing Hands Wellness P.C. Hot Properties highlights recently sold or leased commercial properties in the Charleston region. Send i[...]
Restaurant, entertainment venue opens in downtown Charleston
When Michelle Van Jura moved from New York to Charleston a decade ago, she was shocked by the lack of entertainment options. “I was so used to having the opportunity to visit a variety of nightlife venues, like comedy clubs and so forth, that it took me by surprise,” said Habit owner and partner, who, […]
This CEO is the only South Carolina member of Forbes’ 400 Richest People in America list
Forbes has released its annual 400 Richest People in America list, and South Carolina can boast a member. Bob Faith, founder, chairman and CEO of Charleston-based Greystar, a property and investment management and development services company, ranks No. 182 on the list with an estimated worth of $5.8 billion. That ranks Faith, w[...]
South Carolina Research Authority accepts new member companies in Charleston, Greenville
The South Carolina Research Authority accepted two new companies for membership and approved grant funding for another. Members HQ Inc. of Charleston and Supermoon of Greenville are the new members, while Charleston’s PeriopHealth will take advantage of the organization’s Acceleration Grant, according to a news relea[...]
Two South Carolina cities make Cond Nast Best Cities’ in US list
Two South Carolina cities noted for their beauty have once again been named to a national ranking of best U.S. cities. Charleston in the Lowcountry and Greenville in the Upstate have been named to Condé Nast Traveler’s Best Cities in the U.S. Reader’s Choice Awards. Greenville comes in at No. 4 in the ranking [...]
Mayor announces Charleston’s next police chief
Charleston Mayor John Tecklenburg said Chito Walker will be the city’s next police chief. The mayor made the announcement Oct. 4 during a press conference at Washington Square. The Charleston City Council will vote to confirm Walker’s appointment during their next meeting, scheduled for 5 p.m., Oct. 10. Wa[...]
