Lazar Cartu Announced College of Charleston pact to aid real estate students;... - Jonathan Cartu Residential & Industrial Construction Services
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Lazar Cartu Announced College of Charleston pact to aid real estate students;…

Lazar Cartu Announced College of Charleston pact to aid real estate students;…

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New partnership to help College of Charleston real estate students

One of the College of Charleston’s fastest-growing academic offerings can now provide new career-boosting advantages for ready-to-work students through a newly forged partnership.

The Commercial Real Estate Finance program at the College of Charleston School of Business was recently named a university alliance partner by the Certified Commercial Investment Member Institute for its undergraduate real estate program, a first of its kind in South Carolina.

Through the partnership, students majoring, minoring or concentrating in commercial real estate finance — and recent graduates — can now benefit from the educational and networking opportunities of the institute and its 13,000 members worldwide. 

“(The institute) is a leader in the commercial real estate professional community that provides extensive education and resources,” said Elaine Worzala, professor of real estate and director of the Carter Real Estate Center.

College of Charleston Carter Real Estate Center

The College of Charleston School of Business’s Carter Real Estate Center is now part of an alliance that benefits real estate students and recent alumni. Provided

“This partnership will assist our students in building an important network with other professionals in the field and allow them to work on their professional designation faster once they graduate,” she said.

Commercial real estate workers are eligible for the institute’s professional designation after completing advanced coursework in financial and market analysis and demonstrating extensive experience in the industry.

‘The (institute’s) curriculum will equip students with skills in financial, investment and market analysis that will allow them to become top commercial real estate professionals and profit from the ever-changing commercial real estate industry,” said Kelley Glenn, president of the institute’s South Carolina chapter.

In the new collaboration with the institute, commercial real estate finance program students and graduates within the past five years are eligible for numerous benefits to expand their professional networks and enhance their career opportunities.

They include:

• Ability to waive CI101 (Financial Analysis for Commercial Real Estate course), fast-tracking toward the institute’s CCIM designation

• Free trial membership to the institute

• Access to local chapter events

• Discounted rates for membership, the institute’s global conference and career-relevant online courses

• Free access to special industry reports and curated content

• Professional mentoring through the institute

• Free subscription to Commercial Investment Real Estate magazine.

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Lot for sale sign in Mount Pleasant

Low mortgage interest rates continue to bolster home sales throughout the Charleston region. File/Warren L. Wise/Staff

Home sales skyrocket nearly 50% amid low interest rates

Charleston-area home sales soared in September as buyers swooped in on low mortgage interest rates even while prices rise due to a dearth of homes on the market.

By the numbers

4: Number of new dining spots now open or on the way throughout Charleston, including a new sports bar in downtown Charleston, a new sandwich shop in Mount Pleasant, a new Mexican restaurant taking over a former Burger King in Summerville and a new café slated for a half-vacant lot on the upper peninsula. 

26: Number of acres between Maybank Highway and Cane Slash Road on Johns Island where site work recently started on a new medical office complex.

829: Address on St. Andrews Boulevard in West Ashley where the former Ryan’s restaurant operated. The property owner wants to demolish the diner for a new apartment development with ground-floor retail space.

This week in real estate

+ Affordable housing help?: Charleston County voters will be asked in November to support a tax increase to help with the housing affordability problem that’s priced much of the workforce out of the market. There will be two questions on the ballot: one to raise taxes  and create a housing fund and another to allow the county to borrow money, using proceeds from the tax increase to offset the debt over 20 years.

+ Path of progress: The plan to widen SC Highway 41 to alleviate traffic congestion brought about by Mount Pleasant’s explosive population over the past few years has drawn strong opinions from those for it and against it.

+ Boom and balance: Flood of new families puts strain on schools to keep up as explosive growth continues throughout the Charleston area.

Plans moving ahead for Downtown Nexton

Nexton sign

A new 99-acre, mixed-use development will soon take shape between Brighton Park Boulevard and Sigma Drive on the edge of Summerville. It will be called Downtown Nexton. File

A New Jersey developer is ready to begin site work on 99 acres it bought for $18.5 million last December between Brighton Park Boulevard and Sigma Drive on the edge of Summerville. The new mixed-use development will be called Downtown Nexton. File photo

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Reach Warren L. Wise at 843-937-5524. Follow him on Twitter @warrenlancewise.

Jonathan Cartu