Midyear foreclosures up across state’s MSAs

RealtyTrac reported in its Midyear 2010 Metropolitan Foreclosure Market Report that the Charleston metro area had the highest rate of foreclosure filings; Columbia, Spartanburg, central western South Carolina and the Grand Strand had some of the lowest rates in the state.  Read More...

Judge approves sale of Business Report’s parent company

A New York bankruptcy judge has given the go-ahead for Brown Media Corp. to acquire the majority of the company’s assets for $22.4 million.  Read More...

The South Financial Group, shareholders negotiating settlement

The South Financial Group said Wednesday that it entered into a memorandum of understanding with shareholders who filed suit challenging its merger with TD Bank Financial Group. The memorandum lays the groundwork for a settlement in the case.  Read More...

Doing business in S.C.? Sure, if the price is right

The majority of respondents to a four-day Daily Report poll said the business climate in South Carolina is Famously Lukewarm, depending on incentives. Only 10.4% said South Carolina was Famously Hot, the place to be.  Read More...

Columbia office, retail markets struggle in Q2

Grubb & Ellis Wilson Kibler’s report indicated that the office market slipped further in the second quarter of 2010 but at a slower pace than it did in the first quarter. The retail market posted a negative absorption in the second quarter after a quarter of positive absorption.  Read More...