Morris Sokol store building sells for $22.5M

The now-vacant Morris Sokol furniture store building sold last week for $22.5 million. (Photo/Liz Segrist)Charleston-based investment and development firm Vanderking LLC partnered with Greenwich, Conn.-based Wexford Capital to buy the vacant building and surrounding land. The buyer said the development plan for 510 King St. is under evaluation.  Read More...

PeopleMatter partners with Texas-based HotSchedules on workforce platform

Charleston-based PeopleMatter has partnered with Austin, Texas-based HotSchedules on a workforce management platform geared toward the restaurant industry. Company officials said it is not a merger or an acquisition; rather, the companies will collaborate by referring customers to each other’s platforms.  Read More...

Charleston industrial market tightens

Automotive announcements and growth at the Port of Charleston have boosted activity in the industrial segment throughout the region. The total vacancy rate for the Charleston industrial market was 6.5% in the fourth quarter, down from 9.1% the same time a year ago, according to Colliers International’s fourth-quarter report.  Read More...

GED Testing Service lowers passing score; diplomas awarded retroactively

In late January, the GED Testing Service recalibrated the passing score for the high school equivalency credential from 150 to 145. In South Carolina, 571 GED testers who scored between 145 and 149 since Jan. 1, 2014, will be awarded their S.C. High School Equivalency Diploma.  Read More...

10% of S.C. properties considered seriously underwater at end of 2015

Last year in Charleston County, 8,098 properties, or 8.9% of all properties in the county, were considered to be seriously underwater, meaning the total loan amount for the property was at least 25% higher than the property’s estimated market value. Nearly 23,000 properties were equity-rich, meaning the homeowner had at least 50% equity.  Read More...


Hot Properties for Feb. 8, 2016

Jeremy Willits and Gerry Schauer of Avison Young represented the landlord, Traverse Point LLC, in the lease of a 4,020-square-foot office building at 2093 Executive Hall Road in Charleston to Audio Tech Services LLC. Read More...

Fashion Plate for Feb. 4, 2016

Peyton William jewelry store is closed today as it moves to its new location at 241 King St. in Charleston. It will be open for business Friday. (Photo/Provided)Peyton William jewelry store is relocating to a new shop at 241 King St. in downtown Charleston. The store is closed today as it moves and will reopen Friday.  Read More...