Your source for construction industry news in the Carolinas
Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW) announced that it had signed a definitive agreement to sell its MEGTEC and Universal businesses to Dürr AG (“Dürr”) for $130 million, subject to adjustment. Proceeds from the transaction will largely be used to reduce outstanding balances under the Company’s bank credit facilities, improving its balance sheet and…
Construction costs have been consistently rising just when the industry can least afford it. Today, a new report from Skender offers “101 Ways to Build Smarter.” The 18-page eBook, available for download at www.skender.com/buildsmarter/, is a resource filled with quality-enhancing and value-optimizing possibilities for building owners, developers, architects, brokers, contractors, corporate real estate and workplace…
Axon (Nasdaq: AAXN), the global leader in connected law enforcement technologies, and DJI, the world’s leader in civilian drones and aerial imaging technology, today announced an exclusive partnership, within the digital evidence management industry, to sell DJI drones directly to public safety and law enforcement agencies worldwide through the new Axon Air program. The partnership…
With Governor Roy Cooper in attendance, the NCWorks Commission met on May 23 to approve new Career Pathways, certify Career Centers and celebrate local innovations in workforce development. The group held its quarterly meeting at Moretz Mills in Hickory, marking the first time the Commission has met in western North Carolina. Moretz Mills features an…
Fifty-four percent of highway contractors reported that motor vehicles had crashed into their construction work zones during the past year, according to the results of a new highway work zone study conducted by the Associated General Contractors of America. In response, association officials have launched a new mobile advertising campaign urging drivers who routinely pass…
NAIOP Office Space Demand Forecast Q2 2018 Download the NAIOP Office Space Demand Forecast, Second Quarter 2018 Report. The U.S. office markets averaged just 4.4 million square feet of positive net absorption over the past two quarters; specifically, 7.4 million square feet were absorbed in the fourth quarter of 2017 and just 1.3 million square…
Charlotte, N.C. – Associated Builders and Contractors (ABC) of the Carolinas announced that Angela Latino has assumed the role of President and CEO, based in Charlotte. Latino comes to the ABC Carolinas Chapter after leading ABC’s New Orleans/Bayou Chapter for the past 10 years. As CEO of the ABC New Orleans/Bayou Chapter, Latino oversaw the…
Generally, no one benefits from surprises on a construction project. A particular problem that often catches general contractors by surprise occurs when a lower-tier subcontractor or materials supplier (i.e., one who does not contract with the general contractor but instead has a contract with a subcontractor) suddenly appears claiming that an unpaid contract balance is…
Keystone Power Holdings, LLC and Crown Holdings, Inc. (NYSE:CCK) (Crown) announced a solar energy project that will offset one-third of the annual electrical usage in Crown’s Spartanburg, South Carolina plant. Keystone Power Holdings is the financier, developer and owner of the system, with Crown enjoying the solar power via an operating lease. Keystone Power Holdings and its affiliate KPH Construction…
Patricia Lucas Smith is all about encouraging women to think of the construction industry when considering career options. Smith owned and operated a paint contracting business for more than 15 years before founding Raleigh-based Serving 4 Success, an organization that focuses on growing sustainable opportunities in local communities. Two years ago, Smith started Chix Dig…
