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Cross-Laminated Timber May Replace Concrete

Cross-Laminated Timber May Replace Concrete

By | Construction, Green Construction

A new hotel in Mount Pleasant will look like other new structures in town, but will be built with an entirely different product, called cross-laminated timber.  This new form of lumber will be used for the first time in a commercial building in South Carolina, and is the latest building product to compete with steel and concrete.  The timber is stacked like a Jenga puzzle, glued together and made into six inch panels.  Cross-laminated timber is as strong as steel…

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Summerville Development Boom on the Horizon

Summerville Development Boom on the Horizon

By | commercial development, Economic Growth

Summerville is becoming the place to be with more and more people establishing roots here, and development shifting from the center city of Charleston to the suburbs.  One in three multifamily units built in the last three years have been in such outlying areas as Summerville, Ladson and southwest Charleston. Colliers International’s  Research & Forecast Report  (Q4 2016) shows that Summerville is becoming a coveted region to live in. Since 2014, 936 new multifamily developments have been delivered, with 240…

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Charleston Surpasses Columbia as Largest City in South Carolina

Charleston Surpasses Columbia as Largest City in South Carolina

By | Charleston SC, Economic Growth, SC

The population boom and rapid growth has enabled Charleston to reclaim the number one spot for largest city in South Carolina. Columbia ranked in the number two spot, while Greenville gained recognition as the fastest growing city in the nation east of Texas. Charleston just inched past Columbia for the number one ranking, with 76 more people than Columbia.  The city has an estimated population of 134,385 as of mid-2016. Ten of the fifteen fastest growing cities are located in…

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Small Businesses Drive Growth in Commercial Real Estate Jobs

Small Businesses Drive Growth in Commercial Real Estate Jobs

By | commercial real estate

Commercial real estate jobs have picked up the pace since a hiring peak a decade ago, and the increase is being driven by small companies and secondary markets. Real estate companies are posting single job opportunities, indicating that smaller, more entrepreneurial firms are hiring. This is a new trend according David Funk, managing editor for the 2017 SelectLeaders Job Barometer Report (selectleaders.com) who oversees an in-depth assessment of the current U.S. job market in commercial real estate. “Over the last…

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CEOs Rank South Carolina Number Four for Business

CEOs Rank South Carolina Number Four for Business

By | Economic Growth, SC

For the 13th year CEO’s have ranked how each state fairs as a business friendly environment.  South Carolina ranked number four due to its seventh straight year posting high export sales of 31.2 billion, a $400 million increase over last year, according to the South Carolina Department of Commerce.  Overall the state recruited more than $3.4 billion in capital investments, and created approximately 13,100 new jobs in 2016. The country’s number one exporter, Texas ranked the number one state by…

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Smart Cities: Data Transforms How Cities Function

Smart Cities on the Rise: Access to Data is Transforming the Way Cities Function

By | commercial development

City officials across the country are increasingly gaining access to more and more data about income, crime, traffic patterns, health and safety issues, and parking issues, and transforming the way cities function.  The use of data by mayors and other officials to improve city operations is on the rise and will continue to see big changes says Stephen Goldsmith, a professor of government and director of Innovations in Government Program at Harvard Kennedy School. He recently told the Wall Street…

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harleston Metro Area Anticipates Strong Job Growth

Charleston Metro Area Anticipates Strong Job Growth

By | Charleston SC, Economic Growth

The Charleston job market is among the strongest in the nation heading into the final quarter of the 2016, according to a survey conducted by human resources consulting firm ManpowerGroup (manpowergroup.us).  Nearly a third of employers plan to hire more employees this quarter, while just 4 percent say they will be reducing their staff. The Charleston metropolitan area ranks number sixth best among the nation’s 100 largest metro areas for job growth. The survey results indicate employers are still confident…

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Charleston South Carolina Economy

Charleston Ranks as the Fastest Growing Economy in South Carolina

By | Charleston SC, Economic Growth

Charleston metropolitan area economy is the fastest growing in the state of South Carolina, according to a 2015 federal report from the Bureau of Economic Analysis (bea.gov).  The tri-county area of Charleston, Berkeley and Dorchester counties had an increase of 14.8 percent in its gross domestic product (GDP)during the last five years (2010 to 2015). The Charleston region grew faster than Greenville, which had a 10.2 percent increase during the same time period. The Post & Courier (postandcourier.com) reported on…

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Growth in Suburbs Outpaces Urban Areas

Suburban Growth Outpaces Urban Areas

By | Construction

The latest U.S. Census Data show that as the overall U. S. population grows,  growth in suburban counties have held steady, while in urban counties have slowed down. An analysis of U.S. Census data by Jed Kolko, an economist at University of California’s Terner Center for Housing Innovation, shows that the population growth in higher density suburban counties outpaced urban counties since 2012. Of the top cities with populations over 250,000, including Austin, and Fort Worth, Texas and Charlotte, North…

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Plans for Redevelopment of West Ashley Gain Traction

By | Charleston SC, commercial development

West Ashley’s hopes to redevelopment along the Sam Rittenberg Boulevard corridor may be gaining some traction. The Post & Courier reports that the Charleston City Council has plans in September to approve a special tax district to raise as much as $69 million for road work, drainage and other improvements along the Sam Rittenberg Boulevard corridor. The Council also plans to appoint members of a new West Ashley Revitalization Commission to provide input into future development plans. Councilman Bill Moody, who represents…

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