Carolinas AGC Leaders last week met with Congressional delegation representatives from North and South Carolina to discuss issues important to the construction industry, ranging from help with the workforce shortage to opposing impractical proposed heat standards. The Capitol Hill visits were part of AGC of America’s annual National Chapter Leadership Conference that drew about 250…
Business
Nonresidential Construction Spending Inches Up in August, Says ABC
National nonresidential construction spending increased 0.1% in August, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.22 trillion. Spending was up on a monthly basis in 10 of the 16 nonresidential subcategories. Private nonresidential spending decreased 0.1%,…
Reverse Logistics Strategies for the Post-pandemic Supply Chain: Spaces and Places to Recapture Value
The pandemic brought into sharp focus the importance of having a healthy and functioning supply chain, that critical system by which goods are delivered from factories to doorsteps. But how does the process work in reverse, when items are returned and sent back? And what happens to the returned items? Today, the NAIOP Research Foundation…
Marsh McLennan to Acquire McGriff Insurance Services
Marsh McLennan (NYSE: MMC), a global leader in risk, strategy and people, today announced that it has reached an agreement through its Marsh McLennan Agency business to acquire McGriff Insurance Services, LLC, an affiliate of TIH. McGriff is a leading provider of insurance broking and risk management services in the United States, with $1.3 billion of…
ABC Joins White House Roundtable on Addiction Recovery-Ready Workplaces
Associated Builders and Contractors today participated in a White House-sponsored roundtable discussion, “Recovery in the Workplace: Investing to Build the Workforce of Tomorrow,” which convened more than a dozen leading corporations, business groups and government leaders at the White House in Washington, D.C., to highlight the importance of recovery-ready and recovery-friendly workplaces and share best…
Markets
Reverse Logistics Strategies for the Post-pandemic Supply Chain: Spaces and Places to Recapture Value
The pandemic brought into sharp focus the importance of having a healthy and functioning supply chain, that critical system by which goods are delivered from factories to doorsteps. But how does the process work in reverse, when items are returned and sent back? And what happens to the returned items? Today, the NAIOP Research Foundation…
ABI August 2024: Architecture firm billings continue to decline
It has now been nearly two years since firms saw sustained growth. However, clients are still expressing interest in new projects, as inquiries into work have continued to increase during that period. However, those inquiries remain challenging to convert to actual new projects in the pipeline, as the value of newly signed design contracts declined…
NAOIP Industrial Space Demand Forecast: Rate of Growth Slows: Demand Remains Strong
The net absorption of industrial real estate – the amount of space occupied minus space vacated over a given period – has slowed from record levels in the wake of the pandemic, but the sector remains strong, according to the most recent NAIOP Industrial Space Demand Forecast. Total U.S. industrial net absorption in the first half…
Lovett Industrial Closes on 27.4 Acres, Set to Break Ground on 351,030 Square-Foot Industrial Facility in Durham, North Carolina
Lovett Industrial, a Houston-based real estate investment firm, recently closed on a 27.4-acre land site and is preparing to break ground on Durham Logistics Center, consisting of 351,030 square feet of Class-A industrial space in Durham, North Carolina. Situated at a prime location facing the intersection of I-85 and I-885 in Durham, North Carolina, the…