South Carolina is now widely known for its burgeoning real estate industry, and a new property development center being built in the state could enhance its reputation even more.

According to Yahoo!, The E. Craig Wall Sr. College of Business Administration at Coastal Carolina University recently announced that it would be funding a new hub for real estate and economic data.

While it may not be a household name, Coastal Carolina University is commonly regarded as one of the top business schools in the nation.

The new real estate building, which has been named the Grant Center for Real Estate and Economic Development, will help the school to cement its status as a go-to option for budding realtors.

“The opportunities afforded by the Grant Center will not only assist in attracting and retaining the highest caliber of students, but will also contribute to Coastal Carolina University’s reputation for preparing tomorrow’s leaders in the global marketplace,” said Barbara Ritter, dean of the Wall College of Business.

Property for sale in South Carolina is also in high demand, particularly in the Lowcountry. Known for its leisure-based housing projects, golf opportunities, and warm weather, this region has quickly become the nation’s leader in real estate.

Real Estate Rama recently reported on South Carolina’s budding real estate industry, noting that 2015 was one of the best years in history for the state. The median sales price of South Carolina homes was up 7% from last year, signifying the region’s popularity among potential home buyers.

The Wall College of Business will primarily focus on the international real estate market, in addition to economic trends that impact both international and national housing costs.

Boasting more than 2,000 undergraduate students and 8,000 alumni around the world, it’s safe to say that the Wall College of Business’s latest endeavor will have a distinct effect on the international real estate industry.