Your source for construction industry news in the Carolinas
Spartanburg, SC – July 22, 2021 – Marlboro Development Team, Inc. (MDT) is pleased to announce a full building lease of the new 100,440 square foot speculative industrial building at 60 Industrial Court, Prosperity, SC to a confidential tenant. In the Fall of 2019 MDT broke ground on the Class A building to assist in…
As the country begins its economic recovery efforts in all industries, it remains clear that last-mile logistics and solid infrastructure are key to seamlessly fueling growth throughout commercial real estate and beyond. Historically, the health of the commercial real estate segment has been a trustworthy indicator of the elasticity of the U.S. economy. CCIM Institute…
Total construction starts lost 7% in June, slipping to a seasonally adjusted annual rate of $863.6 billion, according to Dodge Data & Analytics. All three major sectors (residential, nonresidential building, and nonbuilding) pulled back during the month. Single family housing starts are feeling the detrimental effects of rising materials prices. Large projects that broke ground in…
Although business conditions have improved for commercial real estate, according to the most recent COVID-19 impact survey conducted by NAIOP, 86.6% of developers now report delays or shortages in construction supplies — an all-time high since the survey began in April 2020. This suggests that supply chain disruptions may outlast other effects of the pandemic,…
Interested in an economic update tailored for companies involved in residential and commercial construction in the Carolinas? If so, register for the sixth annual Construction Industry Symposium offered by the Clemson University Nieri Family Department of Construction Science and Management (CSM) — set for October 14, 2021, in Greenville, S.C. from 9 a.m. to 5…
Fluor Corporation (NYSE: FLR) and the Fluor Foundation announced today their commitment to a $1 million funding program in partnership with North Carolina Agricultural & Technical State University, Texas’ Prairie View A&M University and Alabama’s Tuskegee University. “Fluor and the Fluor Foundation’s three-year, $1 million program will assist the universities’ science, technology, engineering and math (STEM) programs and students in…
Charlotte, NC – A M King announced it has achieved Diamond level in Associated Builders and Contractor’s (ABC) STEP Safety Management System, meaning the company is 655 percent safer than the industry average. Diamond is the highest level of merit-based safety awarded by ABC. Founded more than three decades ago, STEP has evolved into a world-class safety program…
Greenville, SC-based Graycliff Capital Partners, LLC (Graycliff Capital), a leading developer/owner in the multi-family sector, announces its newest multi-family development, Waterleaf at Old Franklin, a luxury apartment community positioned in the heart of Southeast Nashville, Tennessee. Waterleaf at Old Franklin is currently leasing with units available immediately. Only 11 miles from downtown Nashville and…
FMI Corporation, a leading consulting and investment banking firm serving the built environment, announces a strategic partnership with the U.S. Minority Contractors Association (USMCA), a nonprofit that helps and advocates for minority business owners, contractors and subcontractors. FMI will serve as a strategic partner and consultant to USMCA, helping the association expand member services and…
Nephron Pharmaceuticals Corporation (Nephron) announced the opening of Nephron Nitrile, a plant that will produce American-made, medical-grade nitrile gloves. The more than $100 million investment that will create 250 new jobs follows Governor Henry McMaster’s Executive Order 2021-17, which established a new, statewide focus on the recruitment of pharmaceutical and medical supply manufacturers and directs state agencies to…
