Your source for construction industry news in the Carolinas
LightBox, a leading provider of commercial real estate (CRE) information and technology, released its Monthly CRE Activity Index, reflecting a modest rise in May deal activity from the previous month. The LightBox Monthly CRE Activity Index provides an aggregate view of the market with information on property listings, due diligence and valuation activity enabling…
Associated Builders and Contractors today released the following statement in response to President Joe Biden’s executive actions on immigration. “The U.S. construction industry faces a workforce shortage of more than half a million, and bipartisan solutions are imperative to address our legal immigration workforce needs,” said Kristen Swearingen, ABC vice president of legislative & political affairs. “Today’s announcement…
The Economic Development Partnership of North Carolina (EDPNC) today released its latest report, North Carolina: Discover the #1 Workforce in the Country, outlining the status of North Carolina’s workforce, the state’s commitment to building and strengthening the talent pool and how North Carolina is preparing for future workforce needs. The report is sponsored by Graham Personnel Services,…
The surge of artificial intelligence (AI) advancement has left many organizations scrambling to adopt the technology to take advantage of the opportunities it promises before considering the necessary safeguards, skills, and capacities required for AI implementation. According to new research from global HR research and advisory firm McLean & Company, the HR division of Info-Tech Research…
Associated Builders and Contractors today issued the following statement regarding the U.S. Treasury Department’s Internal Revenue Service final rule released for public inspection June 18, which requires private developers to follow onerous project labor agreement, prevailing wage and apprenticeship policies when building clean energy projects funded by more than $270 billion in tax credits via the ABC-opposed Inflation Reduction Act. “If…
Economic and geopolitical uncertainties are affecting nearly every construction market sector, but customers are moving key projects forward in spite of them, according to the latest Market Conditions Report from DPR Construction. “Just about every market is facing its own unique headwinds in addition to things like inflation, supply chain and labor challenges, and election year jitters,” said Matt…
Kyowa Kirin, Inc., an affiliate of Kyowa Kirin Co., Ltd. (Kyowa Kirin) (TSE: 4151), a global specialty pharmaceutical company based in Japan, announced that its board of directors has approved plans to invest up to $530 million to build a new, state-of-the-art manufacturing facility in Sanford, North Carolina. The 171,700-square-foot, two-reactor facility will accelerate the company’s development and production…
The Marcum Commercial Construction Index for the first quarter of 2024 reports that the construction industry continued growing despite various challenges. The index is produced by Marcum’s National Construction Services group. The construction industry continues to benefit from massive investment in manufacturing structures. “Construction spending on manufacturing structures is up 184% over the past four years,” said Anirban Basu,…
In an exclusive interview with GroundBreak Carolinas, Marion Bull—Director of Business Development at Davis & Floyd—discusses the company’s role in emerging port logistics and industrial growth trends. With a focus on the strategic importance of ports like Charleston and Savannah, Bull sheds light on how regional shifts in manufacturing and infrastructure needs are redefining the…
Construction Partners, Inc. (NASDAQ: ROAD) (“CPI” or the “Company”), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today announced that it has acquired Hudson Paving, Inc., headquartered in Rockingham, North Carolina. The transaction adds a hot-mix asphalt plant and related crews and equipment serving the Sandhills region…
