Fastest growing metros report highlights opportunity for self-storage

Self-storage investors frequently focus on major markets like Atlanta, GA; Dallas-Fort Worth, TX; and Phoenix, AZ. After all, top-tier metro areas are where the most people — and potential customers — are. Yet if you look at where the most population growth is occurring on a percentage basis, it’s not those places. Rather, the metro areas seeing the biggest population …

City of Charleston set to tear up Market Street as part of long-term drainage project

CHARLESTON, SC (WCSC) – The City of Charleston is planning to rip up both North and South Market Street as part of a project that aims at improving drainage in that area of downtown. It’s expected to take between three and four years to complete, according to Matthew Fountain, the city’s director of stormwater management. In that time, crews will …

Preqin Survey Shows CRE Investment May Slow Down

Private equity real estate investment activity may slow down in the next 12 months, according to a recent report from London-based research firm Preqin. That’s largely because a significant number of the investors surveyed by Preqin—33 percent—believe the sector will perform worse in 2019 than it did in 2018, which was a record year for both the number and value …

With neighborhood backing, new hotel near Charleston’s City Market moves forward

A new Charleston hotel project with five-star aspirations secured a key city approval this week. A zoning board OK’d plans for a 115-unit property planned for a surface parking lot across from the City Market. Thanks to a unique agreement with the adjacent neighborhood association, many of the details — including building heights, the addition of a public amenity space and …