June 2020

Retail & Hospitality
Bi-Lo’s parent will drop the brand and sell 62 stores, five near Charleston, to Food Lion
Southeastern Grocers is selling Bi-Lo stores in Summerville, Walterboro, St. George and Edisto Beach and exploring options for the rest, including the six left in the tri-county area.
June 3, 2020
Economy
Charleston-area unemployment hits a record 12.1% in April as payrolls shrink by 46,500 jobs
The metro area’s jobless rate was 2.6% in March. Federal figures show about 47,000 residents of Berkeley, Charleston and Dorchester counties out of work in April.
June 3, 2020
Real Estate
Greystar buys Alliance Residential’s management business, adding nearly 130,000 apartments
The Charleston company says the deal grows its U.S. footprint by about 25% and its worldwide total to more than 660,000 units under management. Phoenix-based Alliance will keep developing and buying apartments.
June 2, 2020