Boeing expects 787 program to make money in 2015

Boeing S.C. employees work on a 787 on the floor of the company's final assembly plant. (Photo/Kim McManus)The company anticipates the 787 Dreamliner program will move into the black by 2016 as production teams build the wide-body jets more efficiently. Boeing executives said during the second-quarter earnings call that they expect to deliver 120 Dreamliners this year.  Read More...

Vacancy rates decline, rents inch up in Charleston industrial real estate market

As major manufacturers like Volvo Cars and Mercedes-Benz Vans announce projects in the region, vacancy rates are declining and rental rates are inching slowly upward in Charleston’s industrial market. The market needs more speculative industrial buildings and warehouses, according to second-quarter market reports.  Read More...

CofC auditorium to be demolished

Demolition of the 43-year-old Physicians Memorial Auditorium on the College of Charleston campus is scheduled to begin this week. The 9,500-square-foot facility will be completely removed by October, and the space will likely be used to develop a flexible-use auditorium for the college’s School of Sciences and Mathematics.  Read More...

Tidelands Bancshares reports $1.1M loss

The parent company for Mount Pleasant-based Tidelands Bank would have ended the second quarter with a net income of about $35,000 if it did not have a loan-loss provision expense of roughly $1.2 million. The expense allowed Tidelands Bancshares to “resolve several significant nonperforming loans,” the company said in a filing with the U.S. Securities and Exchange Commission.  Read More...

Anonymous donor steps in to save local Big Brothers Big Sisters organization

After the Big Brothers Big Sisters board of directors decided to close the youth mentoring program because of a lack of funding, an anonymous donor has stepped up to keep the program, which is operated under the Carolina Youth Development Center, in operation.  Read More...


Hot Properties for July 27, 2015

Philip Owens of Cushman & Wakefield Thalhimer represented the seller, NAT Charleston LLC, in the sale of 80,000 square feet of rail-served warehouse property on 4.25 acres at 916 Commerce Circle in Hanahan to Sumter Packaging for $3.3 million. Read More...

Fashion Plate for July 23, 2015

Charleston company Y’allsome is donating 100% of proceeds from the sale of its Charleston Strong T-shirts, posters and stickers to the Mother Emanuel Hope Fund. Read More...