GroundBreak Carolinas recently sat down with Jyot Parmar, General Manager for Graycor’s Southeast Division. Jyot provided us with insight and perspectives on Graycor’s history and growth in the region. Tell us about Graycor, your presence in the Carolinas.Graycor established an office in Charlotte about 25 years ago. Since then, we’ve successfully worked on a range…
Business
Growth vs. Profitability
Balancing growth and profitability is essential for long-term value creation and success in AEC firm valuation strategies. I have often complained here and elsewhere about those financial “experts” who only want to use historic EBIT as the basis for determining value in an AEC firm. I think it shows a real naivety to just look…
Choate Construction Hosts Annual Lowcountry Event for Women in AEC Industry
Choate Construction Company kicked off 2025 with an event that brought together nearly 100 women from across the Architecture, Engineering, and Construction (AEC) industry to celebrate, empower, and support one another. More than just a networking event, Choate’s annual oyster roast and Lowcountry boil at Rivers + Glen Trading Co. fosters meaningful connections and strengthens…
North Carolina Railroad Company Launches Options Program to Boost Industrial Site Readiness
The North Carolina Railroad Company (NCRR) announces the launch of a new economic development program, the Options Program, aimed at preserving land for future industrial users and strengthening North Carolina’s competitive position in attracting new businesses. “Speed to market is critical for businesses, and site control is a key factor in meeting that demand,” said…
A M King Promotes Four to Vice President Positions, Recognizing their Outstanding Contributions
Integrated Design-Build firm A M King announced that JD Boone, Andre Harris, Carl H. Morse and David Sawicki have been promoted to Vice President, effective January 1, 2025. These four assume their new roles in recognition of their exceptional performance and outstanding contributions to the company’s continued growth. These latest company promotions follow last January’s…
Markets
Construction of 461-unit Mixed-Use Multi-family Community underway by McShane in Greenville
McShane Construction Company’s Southeast regional team was selected to build a 461-unit multi-family community in Greenville, South Carolina, for repeat client Flournoy Development Group. “We are thrilled to partner with Flournoy Development Group once again to bring this dynamic and thoughtfully designed community to Greenville,” commented Dave Meadows, Vice President & Regional Manager at McShane….
Balfour Beatty Wins Prestigious CAGC Pinnacle Award for Innovative Harkers Island Bridge Project
Balfour Beatty has been honored with a 2024 Pinnacle Award from Carolinas AGC (CAGC) for its exceptional delivery of North Carolina Department of Transportation’s (NCDOT) $60 million Harkers Island Bridge Replacement project. The award was presented during CAGC’s 104th Annual Convention in Charleston, South Carolina. The CAGC’s Pinnacle Awards, co-sponsored by CPA firm GreerWalker LLP and the law…
Caruso Homes Debuts Decorated Model at Rolling Meadows in Mooresville, NC
Caruso Homes is excited to announce the grand opening of their only model home in the Charlotte area at Rolling Meadows, its newest luxury community in Mooresville, North Carolina. The decorated Lexington II model home, now open to the public, offers prospective buyers a firsthand look at the exceptional quality and craftsmanship that define Caruso Homes. The grand opening…
NEWSTAR Announces New Single-Family Rental Neighborhood Development in Charlotte, NC
NEWSTAR announced today that it has acquired 23 acres on Harrisburg Road in Charlotte, North Carolina, planned for development with 159 homes in a new single-family rental subdivision known as Long Farm. This project expands NEWSTAR’s Charlotte portfolio to more than 500 single-family lots and homes in various stages of construction, lease up, and operation. NEWSTAR is partnering on…