Your source for construction industry news in the Carolinas
Total construction starts jumped 27% in December to a seasonally adjusted annual rate of $1.185 trillion, according to Dodge Construction Network. During the month, nonresidential building starts increased 51%, nonbuilding starts increased 30%, and residential starts rose less than one percent. Across 2022, total construction starts were 15% higher than in 2021. Nonresidential building starts rose…
On the heels of extensive growth over the last decade, DPR Construction, one of the nation’s top technical builders, faced a key question: How could the company continue to preserve its core and excel in an ever-evolving marketplace? DPR has answered that question through its ongoing commitment to shared leadership, announcing Mark Whitson as President to work alongside…
Olive Tree Affordable Housing, the affordable housing affiliate of Olive Tree Holdings, a mission driven private investment company with a focus on real estate, today announced the acquisition of The Life at Lakeside Villas, a 429-unit, affordable multifamily community located at 1519 Lake Branch Drive in Wilmington, North Carolina. With equity provided by the American South Fund Management Team, Olive Tree has…
Boom is joined by North Carolina Governor Roy Cooper and Senate Leader Phil Berger at groundbreaking event in Greensboro, NC Boom Supersonic, the company building the world’s fastest airliner, kicked off construction of its Overture Superfactory today in Greensboro, North Carolina. The Overture Superfactory is a state-of-the-art manufacturing facility located on a 62-acre campus at the Piedmont Triad International Airport. This site will…
Atlas Real Estate Partners, a multifamily-focused private investment and development firm with offices in New York and Miami, completed the site acquisition for The Darby multifamily development in Charleston, South Carolina. The firm is partnering with FIDES Development on the project. The transaction closed on Jan. 10, following an intensive two-year contract period in which…
Demand for design services from U.S. architecture firms continued to contract in December, according to a new report from the American Institute of Architects (AIA). The pace of decline during December slowed from November, posting an Architecture Billings Index (ABI) score of 47.5 from 46.6 (any score below 50 indicates a decline in firm billings)….
The Charlotte division of Clancy & Theys Construction Company has hired Sean Quinn as their newest Project Executive for the Healthcare market. Quinn brings 16 years of experience managing hospital and medical office building projects across the Southeast. Quinn’s industry expertise, knowledge of the technical side of construction, and familiarity with the Charlotte healthcare market…
Eli Lilly and Company (NYSE: LLY) today announced plans to invest an additional $450 million and create at least 100 new jobs to expand its manufacturing capacity at the company’s Research Triangle Park facility. The expansion includes additional parenteral filling, device assembly and packaging capacity to support an increased demand for Lilly’s incretin products that treat diabetes. “As we move…
While the environmental, social and governance (ESG) movement started with institutions and financial firms, it has become increasingly relevant for the construction industry. Many project owners and financiers are now requiring construction companies to report on ESG measures because activities completed by contractors are considered part of the owner’s value chain and must therefore be…
McCrory Construction, South Carolina’s oldest general contractor, announced that it has begun construction on a production facility for Scott Bader in Mocksville, NC. Founded in England more than a century ago, Scott Bader provides business, industry and consumers with innovative composite, structural adhesive and functional polymer products. The employee-owned global manufacturer produces materials that are…
