Charleston-Columbia *DO NOT USE*
Palmetto to Develop 4,500-Acre Medical Campus in SC; Phase One to Cost $135M
Palmetto Primary Care Physicians and Equity Inc. are developing a $135 million health and wellness campus in Summerville, S.C., featuring two 150,000-square-foot medical buildings.
Inland American and Kessler Enterprises Develop $25M Charleston Luxury Boutique Hotel
Inland American Real estate Trust, Inc. in a joint venture with Kessler Enterprises has announced the development of the 50-key Grand Bohemian Hotel Charleston, the first luxury hotel to be developed in Charleston in ten years.
Public-Private Partnership Brings 878 Student Housing Beds and 110KSF Office Building to Columbia
Student housing continues to enjoy an upswing in South Carolina, with Columbia being at the foremost of student housing activity. And a new public-private partnership between the University of South Carolina (USC) and Atlanta-based Holder Properties will spice things further up.
The Palms at Premier Park Sold for $19M, REIT Pays $15.3M for SC Retail Portfolio, While Auction Sells Shopping Centers for $83.3M
Companion Associates, a Charleston-based real estate development and construction company, has recently purchased The Palms at Premier Park, a 240-unit Columbia apartment complex
The Beach Company Opens 325-Unit Urban Infill Project
Charleston-headquartered The Beach Company has celebrated the opening of The Boulevard, a mixed-use apartment and retail development in Mount Pleasant, SC.
$108M Wind Energy Research Facility Dedicated by Clemson University
Clemson University has dedicated the SCE&G Energy Innovation Center, a globally unique energy systems research and testing facility, in a ceremony attended by an international audience of more than 1,000 people, among which were elected representatives, industry executives and U.S. Department of Energy officials, including U.S. Deputy Secretary of Energy Daniel Poneman.
Charleston Boutique Hotels Renovate and Rebrand
The Vendue Inn, a boutique hotel located in Charleston’s historic French Quarter near the city’s iconic waterfront, has announced the kick-off of a $4.8 million renovation and restructuring project.
CBRE Buys CB Richard Ellis Carmody to Expand Reach in Southeastern U.S.
Expanding its reach in the Southeast, CBRE Group has acquired CB Richard Ellis Carmody, a Charleston, S.C.–based CRE services firm that has been a CBRE affiliate since 1997.
$34 M Bond Refinances South Carolina Senior Care Centers, Covers Further Expansion
Lutheran Homes of South Carolina, Inc., a faith-based, not-for-profit adult care and services organization has secured a $34.45 million bond financing after collaborating with the South Carolina Jobs-Economic Development Authority (JEDA).
108-Unit Downtown Condominium Project Sold Out in Charleston
Charleston’s growing economy and appetite for housing has been proved again with the announcement that Bee Street Lofts, a 108-unit downtown condominium development has officially sold out.