Target aims for Charleston distribution site, following Walmart’s lead
Retail giant Target Corp. is looking for an import distribution center in the Lowcountry after bringing cargo through a temporary warehouse set up at the Port of Charleston‘s Leatherman Terminal these past few months. Target, the nation’s second-biggest importer behind Walmart, has been using a portable cross-dock hub built on a future expansion site at […]
Charleston-area apartment communities sell for $18M and $24M in separate deals
A pair of Charleston-area apartments recently changed hands in separate deals. Ohio-based real investment firm CREC Real Estate recently partnered with Rincon Capital Partners of Miami and Colombia, South America, to buy the 96-unit Planters Trace Apartments at 2222 Ashley River Road near the Mark Clark Expressway for nearly $18 million, according to Charleston County […]
Commercial real estate vacancies reflect transitional state of Greenville retail scene
For 75 years, the Army-Navy store in downtown Greenville had occupied a 6,000-square-foot space on South Main Street. The business announced plans in early 2021 to relocate to Laurens Road, after selling the location it had long occupied for a reported $1.34 million. While the new owner clearly has plans for the space after paying […]
Why Commercial Real Estate?
Commercial real estate (CRE) has long been used by institutional and high net worth investors to diversify their portfolios. Meanwhile, retail investors are searching – often unsatisfactorily – for income and diversification. The global quest for yield is driving a long-term shift from conventional investments to alternative assets. As interest in alternative investments grows, private […]
