TODAY'S HEADLINES / MARCH 24, 2011Moore gives USC $5M for aerospace research centerDarla Moore announces to a gathering of USC students and administrators on the Columbia campus this afternoon that she’s giving $5 million to the university to establish an aerospace research center. Moore, a native of Lake City, said she wants the center named in honor of the late Ron McNair, also a Lake City native, who died in the space shuttle Challenger explosion. Richland County population up 19.9% since 2000Columbia remained the state’s largest city, with a population of 129,272 — an increase of 11.2% since 2000, according to redistricting data released Wednesday by the U.S. ... |
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Columbai SC Real Estate Update 3-24-11
Fri, Mar 25th 2011 8:45 am by Craig Summerall Real Estate NewsPosted By Craig Summerall No comments
Columbia SC Real Estate Update 3-23-11
Wed, Mar 23rd 2011 4:19 pm by Craig Summerall Real Estate NewsTODAY'S HEADLINES / MARCH 23, 2011
Bank of America Plaza owner in default on $34M loan
The owner of the Bank of America Plaza building on Columbia’s Main Street is more than 30 days in default on a $34 million loan on the building. The 302,843-square-foot, 17-story building has Bank of America as its main tenant, occupying 27% of the space.
South Carolina still far behind in personal income
Growth in per capita income in South Carolina outpaced the national average of 3%, according to data released today by the U.S. Bureau of Economic Analysis. Still, South Carolina ranks No. 45 with a per capita income nearly 20% below the national average.
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Columbia SC Real Estate Update 3-22-11
Tue, Mar 22nd 2011 5:08 pm by Craig Summerall Real Estate News
TODAY'S HEADLINES / MARCH 22, 2011
Budget and Control Board authorizes $100M deficit
Department of Health and Human Services Director Tony Keck returned to the board Tuesday with $2.8 million in cuts but told board members that federal and state regulations severely restrict his ability to cut spending on the entitlement program, which provides health care for the poor.
Santee Cooper looking to sell share of nuclear output
The state-owned electric and water utility has signed a letter of intent to negotiate a power purchase agreement with Orlando Utilities Commission. Santee Cooper would sell between 5% and 10% of its output from two nuclear units it is building in a project wit...
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Columbia SC Real Estate Update 3-21-11
Tue, Mar 22nd 2011 5:03 pm by Craig Summerall Real Estate NewsTODAY'S HEADLINES / MARCH 21, 2011
Poll: Haley blundered by taking Moore off USC board
Gov. Haley had few supporters of her move, with only 7.1% saying they approve of her decision to replace Darla Moore with Lexington attorney Tommy Cofield, who financially supported Haley’s campaign. However, 78.6% want Moore back on the board.
Builders and contractors board installs new members
An Aiken businessman begins his second term on board of directors of the Associated Builders and Contractors of the Carolinas, and three Upstate construction leaders join the board, which represents 500 member firms in the two-state region.
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Columbia SC Real Estate Update 3-18-11
Sat, Mar 19th 2011 9:15 pm by Craig Summerall Real Estate News
TODAY'S HEADLINES / MARCH 18, 2011 |
Soaring cotton prices good for S.C. farmersFarmers are expected to devote more acreage to cotton this year as they try to take advantage of prices that have soared on global commodity markets. The crop reached a high of $2.12 a pound as a result of global demand and weather problems in other cotton-producing countries Local homebuilders look to Capitol Hill for capitalEleven members of the Home Builders Association of Greater Columbia converged on Capitol Hill with 500 builders from across the country to call on Congress to “restore the flow” of acquisition, development and construction lending. |
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Columbia SC Real Estate Update 3-17-11
Thu, Mar 17th 2011 9:58 pm by Craig Summerall Real Estate News
TODAY'S HEADLINES / MARCH 17, 2011Ethics Commission hits Ard with 92 charges |
As a result of an investigation, the commission charged Lt. Gov. Ken Ard with 69 counts of converting campaign funds to personal use and 23 counts of failing to disclose campaign expenditures. Graham urges confidence in new nuclear reactorsU.S. Sen. Lindsey Graham The S.C. Republican said that regional electric utility officials are “scared to death” that the failed nuclear power station in Japan will slow or stop construction plans. But he praised the Obama administration for standing behind its program to help utilities replace aging nuclear and coal-fired plants. Hal... |
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Columbia SC Real Estate Update 3-16-11
Wed, Mar 16th 2011 3:00 pm by Craig Summerall Real Estate NewsTODAY'S HEADLINES / MARCH 16, 2011
Haley removes Moore from USC board of trustees
Wall Street investor Darla Moore, who has donated $70 million to the university since 1998, was ousted in favor of Lexington lawyer Thomas Cofield, the governor’s office confirmed this morning.
Midstate Chambers Coalition aims for one voice
The new organization aims to break down regional political barriers and speak with a single voice on issues of vital business and economic interest to the region, officials said Tuesday.
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Columbia SC Real Estate Update 3-15-11
Tue, Mar 15th 2011 8:26 pm by Craig Summerall Real Estate NewsTODAY'S HEADLINES / MARCH 15, 2011
SCANA undeterred by Japanese nuclear failures
SCANA Corp. executives indicated Tuesday they are not pulling back on plans to build two new nuclear reactors 20 miles northwest of Columbia despite the destruction in Japan of as many as six electric power generating reactors.
DeMint introduces reform bill for Army Corps
In legislation he introduced Monday, U.S. Sen. Jim DeMint, R-S.C., proposed reforms that, among other changes, would give the Army Corps of Engineers more authority to start studies and projects. The reform effort has been at the center of a debate about how to fund the beginning of a feasibility study on deepening Charleston Harbor.
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Columbia SC Real Estate Update 3-14-11
Mon, Mar 14th 2011 4:29 pm by Craig Summerall Real Estate NewsTODAY'S HEADLINES / MARCH 14, 2011
19 chambers to unveil regional coalition
A group of chamber of commerce executives from 19 chambers and 11 counties will jointly announce the formation of the Midstate Chambers Coalition on Tuesday.
GSP director: “We’re not done”
Greenville-Spartanburg International Airport and Southwest Airlines concluded a weekend-long celebration Monday of the low-cost airline’s arrival in the Upstate. GSP Executive Director Dave Edwards said that he has his sights on another low-fare carrier.
Clemson to host auto conference, German ambassadorThe Clemson University International Center for Automotive Research will host the 2011 Internation... |
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Columbia SC Real Estate Update 3-11-11
Fri, Mar 11th 2011 2:35 pm by Craig Summerall Real Estate NewsTODAY'S HEADLINES / MARCH 11, 2011
South Carolina drops more construction jobs
Construction jobs in the state fell by 4.6%, or 3,600 jobs, in January, according to the Associated General Contractors of America. South Carolina was one of the top states that lost construction-related jobs in January, likely as a result of a harsher than normal winter.
Cmark completes three federal projects
The projects, all completed in the past eight months, included the furnishing and installation of office, conference and classroom furniture. The largest project, completed in January, was a $1.3 million barracks and dormitory project at Fort Sam Houston in San Antonio.
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Columbia SC Real Estate Update 3-10-11
Thu, Mar 10th 2011 8:51 pm by Craig Summerall Real Estate News
TODAY'S HEADLINES / MARCH 10, 2011 |
Unemployment drops statewide in JanuaryThe statewide jobless rate was 10.5%, with the Charleston, Columbia and Greenville metro areas hovering around 8.5%. Some 3,599 people found jobs in January, according to the S.C. Department of Employment and Workforce’s monthly report. Foreclosures down across South Carolina for FebruaryForeclosure filings were down across the nation and state for February, according to data from a national foreclosure tracking company. RealtyTrac says that while the numbers will likely not hit the peak of March 2010, the industry is still resetting from problems with processing d... |
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Columbia SC Real Estate Update 3-9-11
Wed, Mar 9th 2011 5:26 pm by Craig Summerall Real Estate News
TODAY'S HEADLINES / MARCH 9, 2011 |
Yandle sees economic growth, despite oil price spikeThe U.S. economy appears poised to achieve "meaningful" expansion this year, despite rapidly rising oil prices, economist Bruce Yandle asserts in his latest economic analysis published by the Strom Thurmond Institute at Clemson University. Point-of-sale repeal passes House subcommitteeThe so-called point-of-sale provision is widely hated by the real estate industry, which blames the reset provision for slumping real estate transactions. But cities and towns, represented by the Municipal Association of South Carolina, defend the point-of-sale provision as necess... |
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Columbia SC Real Estate Update 3-8-11
Tue, Mar 8th 2011 4:45 pm by Craig Summerall Real Estate News
TODAY'S HEADLINES / MARCH 8, 2011 |
Amazon construction under wayThe distribution center will be a three-story building of 2.4 million square feet. Completion is slated for Oct. 1. Chuck Whipple, economic development director for Lexington County, said the Amazon center, which is expected to bring more than 1,200 jobs to the Midlands, is projected to be a $100 million investment. Columbia to put money into Main Street facadesThe initial focus area for an incentive program to improve building facades within targeted redevelopment areas comprises 36 blocks bounded by Gervais, Elmwood, Assembly and Marion streets. While the entire district is eligibl... |
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Columbia SC Real Estate 3-4-11
Fri, Mar 4th 2011 3:25 pm by Craig Summerall Real Estate NewsTODAY'S HEADLINES / MARCH 4, 2011
Former CFO sentenced in Doctors Care fraud case
Jerry Francis Wells Jr. was sentenced to 78 months in prison to be followed by three years of supervised release. Wells will also be required to pay restitution of nearly $3 million.
BlueChoice HealthPlan names new vice president
The health insurer promoted Dave Krupa to vice president and chief marketing officer. Krupa replaces Bill Ferguson, who retired from a 41-year career in the health insurance industry.
Jim Rogers made a push for nuclear power in a speech at the annual meeting of the... |
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Columbia SC Real Estate Update 3-3-2011
Thu, Mar 3rd 2011 3:01 pm by Craig Summerall Real Estate NewsTODAY'S HEADLINES / MARCH 3, 2011
SCANA contracts with N.C. company for nuclear project
Pike Electric Corp. was given a $275 million contract for engineering, procurement and construction of 250 miles of 230-kilovolt transmission lines associated with the expansion of the V.C. Summer Nuclear Station in South Carolina.
Federal grand jury indicts 10 on business crime charges
Ten people have been indicted by a federal grand jury in Columbia on charges of business-related crimes. Eight of those charged were involved in a credit card fraud ring, said U.S. Attorney Bill Nettles.
South Carolina among national LEED-ersSouth Carolina is among the top 10 states for LEED-cer... |
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Columbia SC Real Estate Update 3-2-11
Wed, Mar 2nd 2011 6:21 pm by Craig Summerall Real Estate NewsTODAY'S HEADLINES / MARCH 2, 2011
USC to operate hydrogen-powered bus
The University of South Carolina will operate a hydrogen-fueled bus in its transportation fleet for a year as part of a Ford Motor Co. and U.S. Department of Transportation prototype demonstration project.
Edens & Avant names VP of portfolio management
The Columbia-based development company said Carol Hall will “be responsible for creating value through the delivery of technology-enabled process and analytical tools to the investment management, property management and leasing teams.”
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Columbia SC Real Estate Update 3-1-2011
Tue, Mar 1st 2011 8:51 pm by Craig Summerall Real Estate NewsTODAY'S HEADLINES / MARCH 1, 2011
BMW adds $100M investment at Spartanburg Co. factory
BMW Manufacturing is adding another $100 million investment at the company’s Spartanburg County factory as well as a new X3 program to further streamline the company’s export operation. BMW President Josef Kerscher made the announcement Monday night in his keynote speech at the annual meeting of the Spartanburg Chamber of Commerce.
First-time jobless claims on the decline
For the past month, South Carolina and the rest of the United States have seen a steady decline in the number of first-time unemployment claims, an indication of fewer layoffs. From Feb. 5-11, first-time claims fell 15% in South Ca...
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Columbia SC Real Estate Update 2-28-11
Mon, Feb 28th 2011 8:26 pm by Craig Summerall Real Estate News
TODAY'S HEADLINES / FEB. 28, 2011Fluor, Savannah River Nuclear invest $1.5M in USCFluor CEO David Seaton said the gift, granted to the Center of Economic Excellence in the Hydrogen Economy, would help pair private-sector researchers with academic researchers to uncover innovative ways of bringing jobs to the state. Seaton is an S.C. native and University of South Carolina alumnus. Successful contract challenge keeps jobs at BlueCrossAccording to BlueCross BlueShield of South Carolina, the five-year, $23.5 billion contract that Humana Military Healthcare Services was awarded by Tricare Management Activity means 925 jobs will be retained at BlueCross subsidiary PGBA L... |
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Columbia SC Real Estate Update 2-25-11
Fri, Feb 25th 2011 10:00 pm by Craig Summerall Real Estate NewsTODAY'S HEADLINES / FEB. 25, 2011
Wilbur Smith merges with Massachusetts company
Columbia-based international engineering firm Wilbur Smith Associates has been acquired by wastewater and environmental remediation company CDM of Cambridge, Mass. The two companies have been in discussions since June.
Comptroller wants to consolidate state’s financial offices
In a letter sent today to Sen. Larry Martin, chairman of a Senate Judiciary subcommittee studying possible changes to statewide elected offices, Eckstrom advocates combining the Comptroller’s and Treasurer’s offices as a means of streamlining costs and eliminating administrative duplication.
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Columbia SC Real Estate Update 2-24-11
Thu, Feb 24th 2011 4:20 pm by Craig Summerall Real Estate NewsTODAY'S HEADLINES / FEB. 24, 2011
Foreclosures cause hefty price cuts in residential sales
Unlike in some states, such as Kentucky, non-distressed homes that sold in 2010 in South Carolina saw a slight bump in sales price, on average. But homes that were sold in foreclosure in this state took a 21% discount for the year and a 20% cut for the fourth quarter.
Insurance Auto Auctions opens Columbia location
The company, based in Illinois, also has locations in Charleston and Greenville, as well as more than 150 corporate-owned facilities across the United States and Canada. The company focuses on the automotive total-loss industry.
Charter schools bill passes HouseThe S.C. H... |
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