The consolidation in everything continues and we see it in the home building arena. A local favorite, Rosewood Communities, was just acquired by United Homes Group which is a publicly traded company headquatered just out of Columbia, SC. Rosewood Communities builds a gorgeous cottage home in several communities throughout the Upstate of South Carolina. They are a high quality builder that will help $UHG continue to grow in the high growth market of the Upstate.
Here’s the press release announcing the purchase. Congratulations to Rosewood’s owner, Mark Nyblom on the exit. He developed Rosewood Communities into a top notch home building company that delivered a product people really enjoyed. Hopefully United Homes Group will continue with this excellent in quality, design and style. According to the press release, Mark Nyblom will stay on as division manager which should be a good thing.
“Acquiring Rosewood Communities is a great opportunity to expand our existing footprint in the Upstate area,” said UHG Chief Executive Officer Michael Nieri. “With a world-class university in Clemson and a booming industrial base in Greenville with employers like BMW, Upstate South Carolina is a fast growing, attractive new home market. Rosewood’s innovative home designs will also allow us to diversify our product offering in the Upstate, and we plan on using their designs in our other markets.”
There was no mention of the price paid. It sure seems to me to be a brilliant acquisition as I would think these types of plans and communities will be well received throughout the markets where UHG is established as well as those they will move into in the future. Congrats to all involved!
The new 25,000 square foot state-of-the-art multi-tenant data center is now officially open in Greenville. DC BLOX has announced that it’s new facility is open for business.
“We are excited to announce that our new Greenville data center is ready and open for business. As promised, this first Tier III-designed data center in this market was built specifically to accelerate the deployment of critical infrastructure and interconnected cloud services throughout South Carolina. We have seen robust pre-leasing activity as the Upstate is thriving, and we are thrilled to be able to contribute to the region’s future growth,” comments Jeff Uphues, CEO of DC BLOX.”
“DC BLOX’s purpose-built data center facility is located in Greenville’s Global Business Park off of Interstate 85 and will have a capacity of 54,000 square feet of white space and 18MW of power at full build-out. The multi-tenant data center was designed to meet the need for local, reliable, world-class colocation to enable the region’s future growth. Previously, companies in the region looking for this class of facility were forced to house their IT infrastructure in Charlotte or Atlanta.”
The way I read this is that this opens the door to South Carolina and specifically the Upstate area to start to see more IT-related companies start to develop footprints in the area. It’s just another sign of the continued growth of South Carolina.
This sounds serious folks. The Greenville County Schools Board of Trustees are holding a meeting tomorrow morning at 9am to discuss the upcoming school year.
Given the incredible rise in positive coronavirus cases in the past 6-7 weeks here in South Carolina, I’ve been of the opinion that they will not be going back to school this year and that everything will be virtual. Just today, South Carolina DHEC announced that we had 1,532 new Covid-19 cases and 13 new deaths…205 are on ventilators. We’ll see what the Trustees have to say after tomorrow’s meeting.
Note, I’d like to see the students go back to face to face education. We’ve seen the sharp spike in Covid cases but not a corresponding rise in deaths fortunately. Perhaps we’ve nearly achieved herd immunity? Maybe the virus is weaking? I don’t know but just following the data, I personally don’t have big concerns at this time.