Starwood, South Street Partners Acquire 1 MSF North Beach Towers in Myrtle Beach

Commercial Property Executive, January 11, 2012 published……..

A Starwood Capital Group affiliate and South Street Partners have snapped up North Beach Towers, a two-tower condominium complex along the water in Myrtle Beach, S.C.  The partners are now the official owners of the 1 million-square-foot property, including the approximately 100 remaining unsold residences.  (Read the whole story: http://www.cpexecutive.com/regions/southeast/starwood-south-street-partners-acquire-1-msf-north-beach-towers-in-myrtle-beach/

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Assisted living, nursing care facility planned for Myrtle Beach

Retirement to the area, brings aging parents to be near family….. New Project sited for the Old Ocean View Hospital location.  A prime piece of real estate. Could not find any old pictures of the property….

With the aging population and the healthcare history of the site, the project is a good fit for the property, said James Hubbard, a principal architect at Pegram Associates Inc., the project’s architect and designer………….  Read more: http://www.thesunnews.com/2011/12/09/2541867/assisted-living-nursing-care-facility.html#ixzz1gojj4CrD

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Wind Energy: a natural solution for our SC Coast

To wind or not to wind for the SC coast will discussed!

Energy officials say the high, steady winds off S.C.’s shores could generate enough electricity to power thousands of homes.

This will be one of the talking points at tonight’s public forum focusing on offshore wind energy in S.C. and the economic opportunities that could come with it.   Read more: http://www.thesunnews.com/2011/07/25/2296770/officials-ready-to-sing-praises.html#ixzz1T8xhw36h

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Community Partnership to Prevent Foreclosure Now

Larry Knightner, State Director of South Carolina Office of Housing and Urban Development, will present a workshop on foreclosure prevention at  the Myrtle Beach Train Depot, 10:00 a.m. – 12:00 p.m., Saturday, June 11. If you are a homeowner facing the possibility of foreclosure, you may qualify for help from a $300 million federal package to assist states that are hardest hit by the foreclosure crisis.  Several groups, including the Carolina African American Heritage Foundation, Rehoboth Community Concern, First Choice Family Solutions and the City of Myrtle Beach are working together to make this foreclosure workshop possible. Contact Bennie Swans at843-251-2061 or Tim McCray at 843-742-0372 for more information.

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Less Expensive Homes in Local Upscale Community

Recent reports state that less expensive homes are being build in Grande Dunes.

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Mortgage Fraud Underway Nationally

Illegal flipping does happen, and homeowners should be wary of possible scams according to national news reports.

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Home Sales Fall

National news reports that existing home sales continue to fall.

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Opinions on Adjustable Rate Mortgage

Nationally, home buyers differ in their thinking about adjustable rate mortgages. Overview discusses risks and rewards.

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What Homebuilders Say about the Economy

“Housing Economy in Shambles” in the Sun News reviews the national pace of construction.

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Helpful Ideas for Remodeling

The Sun News describes remodelers council in “Renovation projects helping keep many area businesses afloat.”

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