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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Former West Ashley School Renovated into Office Space

By | Commercial Space, Uncategorized

The former Albemarle School in West Ashley has been converted to 20 office spaces and is already fully leased.  Charleston attorney John Hagerty bought the 25,000 square foot property in 2015 for $1.4 million and immediately started a renovation for an additional $1.6 million.  The newly refurbished office building is now called the Schoolhouse. The Parks Conservancy has leased 4,000 square feet of office space, on the backside of the building, which is adjacent to the Parks Conservancy’s 3 1/2acre…

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Designing Workspace in a Technology Overloaded World

By | Commercial Space, Office Design

Most workers spend their days staring at a laptop screen, only briefly taking their eyes away from the screen to take a quick break. Careful planning can improve the aesthetics of the workspace, and improve the employee’s ability to engage with coworkers when it is time to break from the virtual world. Design spaces to help people connect When designing or renovating a new office, identifying how the space will be used by employees and what activities need to be…

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International E-Commerce Transforming Industrial Real Estate

By | commercial real estate, Industrial Property

Consumers these days are promised anything and expect everything when it comes to the seamless delivery of a product to their home. The supply chain from retailer to consumer follows an international web of retailers and logistics companies, with the goal of speeding up delivery of goods to the consumer.  The demand for urban warehouses and international distribution centers has transformed the industrial real estate market. E-commerce has led to a borderless, international marketplace with growing demand for Western-made products…

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State Legislature Considers Tax Breaks for Businesses Investing in I-95 Low Income Corridor

By | Charleston SC, commercial development, SC

Legislation has been introduced for a second year by Orangeburg lawmakers to try to give tax breaks to businesses that use the Port of Charleston, and develop facilities within rural areas close to interstates 26 and 95 interchange. The “Port Enhancement Zone Act,” was sponsored by Senator John Matthews (D-Bowman).  The legislation would allow distribution centers and warehouses built in low-income rural areas to claim a $1,000 tax credit for each job created as a result of this development. The…

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U.S. Construction Spending Reaches Highest Level in 10 Years

By | Construction

U.S. construction spending rose to its highest level in 10 years, raising economic growth for the final quarter of 2016, according to the Commerce Department (census.gov/construction). Construction spending rose by 0.9 percent to $1.8 trillion, boosted by gains in both the public and private sector investments.  Overall construction spending was up by 4.1 percent from the previous year.  Construction spending in October 2016 was also strong with an increase of 0.6 percent, which prompted economists to raise their gross domestic…

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Cross Laminated Timber Transforming Building Industry

By | Construction

A Portland architectural firm will break ground this spring on a 12 story wood building using a new building product called cross laminated timber.  The building will be located in the city’s trendy Pearl District and will be the tallest all-wood building in the world constructed in a seismic zone. This new wood product is drawing a lot of attention from the construction industry. Proponents of cross laminated timber (CLT) say the panels made from this product are lighter and…

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USC Economists Predict Steady Economic Growth for Charleston in 2017

By | Charleston SC, Construction, Economic Growth

Construction projects in Charleston, Myrtle Beach and Hilton Head Island continue to spur South Carolina’s economic growth. The boost in construction has led to an increase in jobs and demand for housing as a result of building efforts and will continue into 2017, according to economists who spoke at the 36th Annual Outlook Conference held at the University of South Carolina (USC). Doug Woodward, professor of economics and director of the division of research at USC’s Darla Moore School of…

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Firm Selected for West Ashley Master Plan Rejected by City Council

By | Charleston SC, commercial development, Uncategorized

Charleston City Council voted down the contract with the firm selected to develop the West Ashley Master Plan in late December. Dover Kohl was the planning firm selected by the West Ashley Revitalization Commission, and presented to the City Council as the top pick of a dozen bidders for the project. The selection committee includes three council members and five city employers.  Dover Kohl is known locally for its involvement in the development of the I’On Development in Mount Pleasant. …

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Construction Boom Overwhelms Planning Agencies

By | commercial construction, Construction

The Charleston area is experiencing a construction boom across the tri-county area, with construction cranes and bulldozers being seen all over the Lowcountry.  New commercial, industrial, and residential buildings are being built in downtown Charleston, across the river in Mount Pleasant, and up the Interstate 26 corridor from North Charleston past the Summerville area.  The growth in building construction has led to a huge increase in workload for city planners. Municipal planning offices across the Lowcountry are reporting historically high…

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