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BUSINESS NEWS

Mount Pleasant Real Estate Market Insights for Homebuyers

January 26, 2025

News Summary Mount Pleasant’s real estate market offers a blend of stunning properties and vibrant communities. Before purchasing a home, potential buyers should consider the local weather, family-friendly neighborhoods, commute...

Bennett Hospitality Expands in Downtown Charleston

January 26, 2025

News Summary Bennett Hospitality has made a strategic investment by acquiring two key properties in downtown Charleston for $5.95 million. The buildings, located at 409 King Street and 4 Vanderhorst...

SBA Offers Low-Interest Loans for Hurricane Helene Recovery

January 25, 2025

News Summary In response to Hurricane Helene’s devastation, the U.S. Small Business Administration (SBA) has announced low-interest disaster loans for small businesses and nonprofits in Georgia and South Carolina. Affected...

PHENOGY AG Establishes U.S. Headquarters in Columbia, SC

January 25, 2025

News Summary Columbia, South Carolina, welcomes Swiss energy storage leader PHENOGY AG as it sets up its U.S. headquarters. This move promotes clean energy innovation and local partnerships, enhancing job...

New Painting with a Twist Studio Opens in Mount Pleasant

January 25, 2025

News Summary Painting with a Twist is set to open a vibrant new studio in Mount Pleasant on January 24, 2025. This location will offer a unique blend of art...

Chernoff Newman Announces New CEO David Campbell

January 24, 2025

News Summary Chernoff Newman has appointed David Campbell as its new CEO, effective January 23, 2025. Previously serving as COO, Campbell is known for his operational excellence and strategic leadership,...

Cohn Development Acquires Nisbet Business Center in Pineville

January 24, 2025

News Summary Cohn Development, based in South Carolina, has acquired the Nisbet Business Center in Pineville for $13 million. The acquisition adds four buildings providing 80,790 square feet of industrial...

Oconee Federal Financial Corp Declares Cash Dividend

January 24, 2025

News Summary Oconee Federal Financial Corp has announced a quarterly cash dividend of $0.10 per share for shareholders, a positive sign of the bank’s financial health. The dividend will be...

Society Apartments Opens in Downtown Charleston

January 24, 2025

News Summary Southern Land Company has unveiled Society, a luxury apartment complex in Ansonborough, Charleston, featuring 148 units and a variety of amenities. With diverse floor plans and community-first initiatives,...

FINANCE

Scott Bessent Appears for Senate Confirmation Hearing

January 17, 2025

News Summary Scott Bessent, nominated to be the U.S. Treasury Secretary, is preparing for his Senate confirmation hearing scheduled for January 16, 2025. The hedge fund investor, whose financial assets...

SouthState Bank Sells and Leases Back 170 Branches

January 15, 2025

News Summary SouthState Bank has announced a significant sale and leaseback of about 170 branches across six states, valued at $475 million. This strategic move aims to optimize operations while...

South Carolina Insurance Provider Atlantic Coast Faces Challenges Amid 100-Year Celebration

January 9, 2025

News Summary As Atlantic Coast Life Insurance Co. gears up to celebrate its 100th anniversary in Charleston, it faces serious financial challenges. With regulators halting new policies due to concerns...

CONSTRUCTION

SBA Offers Low-Interest Loans for Hurricane Helene Recovery

January 25, 2025

News Summary In response to Hurricane Helene’s devastation, the U.S. Small Business Administration (SBA) has announced low-interest disaster loans for small businesses and nonprofits in Georgia and South Carolina. Affected...

Cohn Development Acquires Nisbet Business Center in Pineville

January 24, 2025

News Summary Cohn Development, based in South Carolina, has acquired the Nisbet Business Center in Pineville for $13 million. The acquisition adds four buildings providing 80,790 square feet of industrial...

Society Apartments Opens in Downtown Charleston

January 24, 2025

News Summary Southern Land Company has unveiled Society, a luxury apartment complex in Ansonborough, Charleston, featuring 148 units and a variety of amenities. With diverse floor plans and community-first initiatives,...

Truliant Federal Credit Union Opens New Branch in Mauldin

January 23, 2025

News Summary Truliant Federal Credit Union has officially opened its newest branch in Mauldin, South Carolina, on January 22, 2025. This vibrant financial hub spans 3,040 square feet and aims...

Renewed Interest in South Carolina’s Nuclear Power Reactors

January 23, 2025

News Summary South Carolina’s energy sector is experiencing a significant transformation as Santee Cooper announces a new bid process for two unfinished nuclear reactors. Originally started in 2007, the reactors...

Charleston’s Industrial Real Estate Market Resilient Amid Challenges

January 23, 2025

News Summary Charleston’s industrial real estate market showcases resilience despite challenges like elevated vacancy rates and fluctuating leasing volumes. Significant investments and major developments like the Port of Charleston are...

Charleston’s Housing Market Sees 13.7% Sales Surge in December

January 22, 2025

News Summary Charleston’s housing market experienced a remarkable 13.7% surge in home sales this past December, with 1,382 residential properties sold. This boom was driven by high demand for newly...

Logisticus Group Expands Operations to Glendale, Arizona

January 21, 2025

News Summary Logisticus Group has officially expanded its operations to Glendale, Arizona, becoming the first major tenant in Phase 2 of the Park303 industrial development. They have signed a lease...

Oconee Federal Financial Corp. Reports Strong Fourth Quarter Results

January 18, 2025

News Summary Oconee Federal Financial Corp. has announced impressive financial results for Q4 2024, reporting a net income of $978,000 and completing the acquisition of Mutual Savings Bank. This growth...

MARKETING

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REAL ESTATE

Mount Pleasant Real Estate Market Insights for Homebuyers

January 26, 2025

News Summary Mount Pleasant’s real estate market offers a blend of stunning properties and vibrant communities. Before purchasing a home, potential buyers should consider the local weather, family-friendly neighborhoods, commute...

Bennett Hospitality Expands in Downtown Charleston

January 26, 2025

News Summary Bennett Hospitality has made a strategic investment by acquiring two key properties in downtown Charleston for $5.95 million. The buildings, located at 409 King Street and 4 Vanderhorst...

SBA Offers Low-Interest Loans for Hurricane Helene Recovery

January 25, 2025

News Summary In response to Hurricane Helene’s devastation, the U.S. Small Business Administration (SBA) has announced low-interest disaster loans for small businesses and nonprofits in Georgia and South Carolina. Affected...

Cohn Development Acquires Nisbet Business Center in Pineville

January 24, 2025

News Summary Cohn Development, based in South Carolina, has acquired the Nisbet Business Center in Pineville for $13 million. The acquisition adds four buildings providing 80,790 square feet of industrial...

Society Apartments Opens in Downtown Charleston

January 24, 2025

News Summary Southern Land Company has unveiled Society, a luxury apartment complex in Ansonborough, Charleston, featuring 148 units and a variety of amenities. With diverse floor plans and community-first initiatives,...

Charleston Mayor Increases Offer to Combat Housing Crisis

January 24, 2025

News Summary Charleston Mayor William Cogswell has raised the city’s offer for two key properties on Morrison Drive from $20 million to $30 million to address the ongoing affordable housing...

Truliant Federal Credit Union Opens New Branch in Mauldin

January 23, 2025

News Summary Truliant Federal Credit Union has officially opened its newest branch in Mauldin, South Carolina, on January 22, 2025. This vibrant financial hub spans 3,040 square feet and aims...

Charleston’s Industrial Real Estate Market Resilient Amid Challenges

January 23, 2025

News Summary Charleston’s industrial real estate market showcases resilience despite challenges like elevated vacancy rates and fluctuating leasing volumes. Significant investments and major developments like the Port of Charleston are...

Transformations in the Furniture Industry

January 22, 2025

News Summary The furniture industry is experiencing significant changes, including Ingka Group’s $1.03 billion investment in recycling to enhance sustainability. Meanwhile, Thos. Moser has been acquired, and new retailers are...

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