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Monday, February 19, 2018

Assisted living community Inverness at Spartanburg sold for $10 million

A prominent assisted living and memory care community in Spartanburg County has changed hands for $10 million. California-based LTC Properties Inc. recently announced it acquired the 87-unit Inverness at Spartanburg at 2720 Country Club Road in a joint venture with an affiliate of Hickory, N.C.-based Affinity Living Group. LTC said the facility will be operated […]

Former Goodyear facilities in Spartanburg sold for $2.2M

Two industrial buildings from Spartanburg County’s textile past will get a new lease on life. Bridgeway Realty LLC has purchased the facilities at 200 and 280 National Ave. on more than 21 acres near the intersection of Interstate 26 and New Cut Road for $2.2 million. The buildings, which each total about 150,000 square feet, […]

Across South Carolina and the Upstate, the arts not only provide...

Words by Jordana Megonigal When we think of the industry clusters that make our state tick, there are a few that come to mind easily. Aerospace, automotive manufacturing, and life science industries all get plenty of notice for their influence in South Carolina. But arts, as an industry, is not usually part of the economic […]

Steps to reduce your chances of becoming a victim of tax...

By Robert DeHollander, CFP®, AIF®, CRPC® Managing principal, DeHollander & Janse Financial Group There has been a lot of chatter regarding the recent Tax Cuts and Jobs Act. If you’re not thinking about your taxes yet, you should be — identity thieves certainly are. During tax season, there’s a significant increase in the sharing of […]

With our eyes on the prize, we may miss opportunities that...

By Laura Haight Innovation. As a word, it is grossly overused, joining my 2017 “tired of” list that includes “hand-crafted,” “impactful,” and “transformative.” As a function, it is misunderstood. As a business reality, it is elusive. So what does it mean to be an innovative company, and what does it take to get there? We […]

Downtown Greenville’s Bank of America Building is getting a much-needed face-lift,...

As Greenville-based RealOp Investments looks to expand its portfolio across the Southeast, the real estate private equity firm remains committed to its hometown investments.  The latest example of that commitment is the newly released plans for a series of renovations in the Bank of America Building at 101 N. Main St. in the heart of Greenville’s […]

CRE quarterly market reports

Market analysis derived from fourth-quarter 2017 CRE market reports provided by Avison Young, CBRE, Colliers, CBC Caine, Cushman & Wakefield | Thalhimer, and NAI Earle Furman By Sherry Jackson, contributor Office Summary: The Office market saw some turnover in 2017, and the Upstate is feeling those effects. CBRE says, “The Greenville-Spartanburg market has now experienced […]

Marlboro Development Team announces new office in downtown Spartanburg

Bennettsville-based Marlboro Development Team (MDT) has announced it will establish an office in downtown Spartanburg. MDT is the commercial and industrial development subsidiary of the 79-year-old Marlboro Electric Cooperative (MEC). The company said it has hired Kyle Edney, Brian Nash, Bill Keener, and Traci Williams to run the Spartanburg office. Edney, Nash, Keener, and Wilson […]

2017 shows South Carolina businesses experience upward trend in trademark litigation

By Douglas W. Kim, McNair Law Firm, P.A. South Carolina federal trademark litigation filed in 2017 continued its 10-year upward trend, while trademark litigation nationally has generally declined. As reported in its 2017 Trademark Litigation Report, Lex Machina national trademark case filings have generally declined between 2009 and 2016. Conversely, South Carolina trademark litigation cases […]

Foxcroft Wine Co. inks deal for former Brazwells location

Foxcroft Wine Co., a wine bar from Charlotte, has signed a lease as of Feb. 3 for the building at 631 S. Main St. formerly occupied by another Charlotte-based restaurant, Brazwells Premium Pub, according to Foxcroft management. The Charlotte Agenda posted a story Jan. 10 about Foxcroft’s Charlotte-area renovations and also announced the upcoming Greenville […]

Business, community leaders recognized at Greenville Chamber’s annual meeting

The Greenville Chamber’s 129th Annual Meeting, presented by TD Bank, was held Thursday, Feb. 1, 2018, at TD Convention Center, where chamber officials shared 2017 successes and looked ahead to 2018, while honoring those leaders who have made some of the greatest strides toward moving the Upstate forward.   The Honorable Merl Code emceed the […]

The number of women-owned businesses has more than doubled in the...

Across the nation, entrepreneurship is on the rise. But growth among female business owners, particularly in South Carolina, is far outpacing growth among males and closing the gap between the two sexes. Credit card giant American Express said in its annual State of Women-Owned Businesses Report that, as of January 2017, there were an estimated […]

Burrito Hub will bring modern Mexican fare to downtown Spartanburg’s dining...

A new fast-casual Mexican restaurant is headed for downtown Spartanburg. Greenville businessman Hugo Montanez has leased the 1,800-square-foot space that formerly housed McClellan’s Urban Eatery/Pierre’s at 253 Magnolia St., where he plans to open his concept Burrito Hub by late spring or early summer. Montanez said the restaurant is inspired by his heritage and newfound admiration […]

In an age of internet shopping and major retail chains closing...

If there’s one constant across retail, it’s that the internet has taken a sizeable chunk out of brick-and-mortar stores’ bottom lines. In 2017, discount stores Sears and Kmart closed 116 and 283 stores across the country, respectively. Payless Shoe Source filed for bankruptcy, leading to 808 closings. Radio Shack led the way with 1,430 stores […]

Spartanburg Young Professionals announces inaugural winners of The YPs

Spartanburg Young Professionals (SYP) on Wednesday, Jan. 31, announced the winners of its inaugural annual awards program The YPs. SYP launched the initiative in November, creating a way for the community to honor individuals ages 21 through 40 who are making a positive impact on Spartanburg through work or service across various industries. The winners […]

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