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Columbia SC Real Estate Update 1-28-11

Posted By: Craig Summerall In: Real Estate News
Date: Fri, Jan 28th 2011 10:58 pm

TODAY'S HEADLINES / JAN. 28, 2011

Benefit Bank to help low-, moderate-income residents

BlueCross BlueShield of South Carolina Foundation and The Duke Endowment have donated millions to ensure the operation and access to services provided by the nonprofit Benefit Bank. The organization announced its launch during an event at Charles Towne Landing.

Foreclosures below 3% in largest regions of state

After posting the lowest rates of foreclosures in 2009 at just over 10%, the Columbia metro area saw the numbers drop precipitously in 2010, to 1.55%. Among the state’s largest regions, Charleston-North Charleston and the Grand Strand posted the highest number of foreclosures in 2010.

SCBT boosted profit fourfold in 2010

The company reported consolidated net income of $559,000 for the three months ended Dec. 31, compared with consolidated net income of $1.5 million for the fourth quarter of 2009.

Treasurer’s Office sues N.Y. bank seeking $200M

State Treasurer Curtis Loftis alleges the Bank of New York Mellon Corp. and the Bank of New York Mellon did not follow specific investment guidelines and failed to honor obligations in managing a portion of the state’s investment portfolio.

Attorneys general tell NLRB they will fight lawsuit

S.C. Attorney General Alan Wilson and his counterparts in three states were responding to a lawsuit threatened by the National Labor Relations Board over constitutional amendments guaranteeing workers the right to secret-ballot voting for union representation.

Minority Business Enterprise Center hires project director

 

Cheryl Salley, a native South Carolinian, has spent more than 20 years developing minority businesses throughout the Southeast and has served the center in varying roles since 1994.

List of the Week

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