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Monday, February 18, 2019

A historic cotton mill in Greer could be the first development...

Thanks to the Investing in Opportunity Act, co-sponsored by United States Senator Tim Scott (R-SC), as part of the Tax Cuts and Jobs Act passed in December 2017, the trillions of dollars U.S. investors currently hold in unrealized capital gains  in stocks and mutual funds alone could be funneled straight back into the country’s left-behind locales.

Commercial real estate in the Upstate: Pick a number, any number

For our quarterly commercial real estate issue, the Upstate Business Journal asked local real-estate experts to choose a statistic in the Upstate market that has caught their attention. Here are their responses. 

CBRE Capital Markets secures $8.73 million financing for Mayfair Lofts in...

Through CBRE’s Federal Housing Administration lending platform, the loan is being funded through the U.S. Department of Housing and Urban Development’s Section 223(f) mortgage insurance program providing a 35-year, fully amortizing, fixed rate and non-recourse loan structure.

‘Poe West’ revealed as new identity for former DSI industrial property...

The Furman Co., which purchased the property in fall of 2017, is renovating this property that most recently housed Diversified Systems Inc. (DSI) into “Poe West,” a Class-A office, restaurant, retail, and educational facility.

Greenville-based Aline Capital LLC closes $22.5M loan for Atlanta apartment acquisition

Greenville-based Aline Capital LLC closed a $22,575,000 loan for the acquisition of a The Parc at 1875 Apartments, a 352-unit apartment complex in Atlanta, Ga.

Bank of America announces plan to move to Camperdown development in...

Bank of America has signed a new, long-term lease for approximately 32,000 square feet of space in the Camperdown building being constructed at 423 S. Main St. in Greenville, consolidating two offices currently located at 101 N. Main St. and 300 N. Main St.

Willlow Creek Partners buys Verdae apartments for $19M

Graycliff Capital Partners LLC in June announced the sale of Azalea Hill Apartment Homes for $19 million. Located off Verdae Boulevard, Azalea Hill offers views...

RealOp Investments acquires second Nashville-area asset in two months

This most recent asset, 109 Kirby, was 100 percent occupied by Sun Products at the time of sale and will soon undergo both exterior and interior improvements, including LED lighting, parking lot repair, roof work, and updated office suites.

SunCap purchases 18 acres for Spartanburg industrial building

SunCap Property Group has purchased 18 acres on Tyger Lake Road in Spartanburg and plans to develop a Class A industrial project with availability for...

Two new projects — one residential, one office-retail — slated for...

Two new projects — one high-end residential and the other office and retail — are slated to begin soon in Verdae. The Brownstones at Hollingsworth...

Dominion Realty Partners closes on The Ogletree Building downtown Greenville

The property underwent various renovations and updates in 2016, and was 100 percent occupied by a variety of financial services and law firms at the time of sale.

RealOp expands Raleigh-Durham footprint with a $30.6M acquisition

The portfolio includes RDU Center I, located in the I-40/RTP submarket; Horizon I, II and IV, located in the Six Forks Road submarket; and Franklin Park, located in Chapel Hill. Together, these properties are occupied by a diverse tenant mix.

Greenville-based Griffin Partners joins Sperry Commercial Global Affiliates

Sperry Commercial Global Affiliates announced that Griffin Partners (formerly Griffin Property Solutions), a commercial and investment real estate company based in Greenville, has joined as an affiliate to help with the company’s expansion in the Carolinas and international markets.

River Street Sweets – Savannah’s Candy Kitchen is headed to Main...

The first Upstate franchise location of the Savannah, Ga.,-based River Street Sweets-Savannah's Candy Kitchen has signed on for the former YAP location next to The Orient.

Greenville area shopping center sells for nearly $8 million

Built in 2011, the shopping center includes two buildings with 21,300 square feet fully-leased with tenants including AT&T, Jersey Mike’s Subs, Five Guys Burgers & Fries, Aspen Dental, Supercuts, GameStop, Sprint, and more.

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