75,000 Sq. Ft. Office Building in Myrtle Beach SOLD

Core Commercial - The Pinnacle Group has just sold a 4-story, 75,000 square foot office building known as Founders Centre I located in Myrtle Beach, SC.  The office building was acquired by a group of investors.  The Founders Centre I is situated on approximately 8 acres in the heart of Myrtle Beach’s financial and business district within walking distance to several major banks as well as the Myrtle Beach Convention Center.  The building's tenant mix is anchored by the National Bank of South Carolina.  For more information, please visit our website at http://www.myrtlebeachcommercialrealestate.com/.

Industrial Sector Lags Despite Manufacturing Gains

NREI - Widespread improvement in the industrial sector won’t occur until 2011 and 2012 despite recent economic and manufacturing gains.  That is according to a new report issued by Encino, Calif.-based Marcus & Millichap Real Estate Investment Services.  While the manufacturing sector grew for the tenth consecutive month in May on the strength of new orders and production, industrial vacancies will remain elevated throughout 2010 as tenants have more space than they need.  However, some industrial markets like Houston, a port city, are better positioned to rebound faster as tenant demand rises and greater employment growth is expected. 

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