Your source for construction industry news in the Carolinas
The construction industry added 19,000 jobs on net in September, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has risen by 292,000 jobs, or 3.9%. Nonresidential construction employment increased by 13,100 positions on net, with growth in two…
The American Institute of Architects (AIA) By the Numbers report for 2021 showcases the annual performance of the architecture and engineering firm signatories of the 2030 Commitment. The By the Numbers report can be explored on AIA’s website. With buildings contributing almost 40 percent of U.S. carbon dioxide emissions, architecture and design firms have the opportunity to transform their…
The National Apartment Association (NAA) and IREMⓇ (Institute of Real Estate Management), in partnership with Lobby CRE, a centralized platform for financial and operational data across commercial real estate properties, have released nationwide, real-time property benchmarks for 2022. An unprecedented 9600 submissions were collected from real estate operators across the country through an innovative digital process…
Harbor Freight Tools for Schools Recognizes Outstanding CTE Educators The Harbor Freight Tools for Schools Prize for Teaching Excellence was presented to 20 teachers across the United States this week, including 12 registered SkillsUSA instructors. The prize recognizes outstanding instruction in the skilled trades in U.S. public high schools and the teachers who inspire students…
Duke Energy Progress today asked North Carolina regulators to review its rates as the company continues to strengthen the electricity grid, reducing power outages for customers and facilitating a clean, secure energy future in a manner that supports economic development across the state. Over the past five years, infrastructure upgrades helped avoid more than 1.3 million extended…
CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today announced its updated and final damage estimates for Hurricane Ian. According to this new data analysis, total flood and wind losses are between $41 billion and $70 billion. This estimate (Table 1) includes wind loss, re-evaluated insured and uninsured storm surge loss and…
Leeward Renewable Energy (“LRE” or “Company”) announced that construction has commenced on its Oak Trail Solar facility near Moyock, North Carolina. LRE will sell the 100 megawatts (MW) of renewable energy generated at Oak Trail Solar to Verizon Communications under a long-term power purchase agreement. “Verizon is committed to protecting our planet by supporting the…
Greystar Real Estate Partners, LLC (“Greystar”), a global leader in the investment, development, and management of high-quality real estate, including rental housing, logistics, and life sciences, now has the capability to provide financing to owners and developers of residential rental properties throughout the US by way of senior mortgages, mezzanine loans, and preferred equity. Greystar…
Duke Energy has proposed the creation of innovative customer renewable programs and a major expansion of an existing one to allow South Carolina customers the option to supplement their power usage with 100% renewable power – a critical need for many businesses seeking to relocate or expand operations in the Palmetto State. Details were spelled out today…
Skanska has signed a contract with the Wake County Public School System to build a new middle school in Fuquay-Varina, North Carolina, USA. The contract is worth USD 78M, about SEK 770M, and will be included in the US order bookings for the third quarter of 2022. The contract for the final phases of a multi-phase contract,…
