Commercial
Thompson Thrift Launches 8th Multifamily Development Limited Partnership
Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced the launch of Thompson Thrift 2026 Multifamily Development, LP. The offering seeks to raise approximately $230 million in total capital commitments from accredited equity partners who will participate in a multi-project portfolio of ground-up Class A multifamily…
NAIOP Industrial Space Demand Forecast, Third Quarter 2025
The U.S. market for industrial space continued to slow into the first half of 2025, with only 27.0 million square feet absorbed during this period, with demand shrinking by 11.3 million in the second quarter, the first negative quarterly reading since 2010. This decline was likely driven by increasing macroeconomic uncertainty caused by unclear tariff…
NAOIP Office Space Demand Forecast: Positive Office Space Absorbtion After Five Straight Negative Quarters Signals Further Growth
Net absorption of office space turned positive in the second and third quarters of 2024, following five consecutive quarters of shrinking demand. Although it is still possible that a recession could delay a recovery, recent trends suggest the office sector is stabilizing and that demand for office space will grow modestly in 2025, according to…
Distribution / Warehouse
NAIOP Industrial Space Demand Forecast, Third Quarter 2025
The U.S. market for industrial space continued to slow into the first half of 2025, with only 27.0 million square feet absorbed during this period, with demand shrinking by 11.3 million in the second quarter, the first negative quarterly reading since 2010. This decline was likely driven by increasing macroeconomic uncertainty caused by unclear tariff…
United Therapeutics Unveils Net Zero Energy Distribution Center
United Therapeutics Corporation (Nasdaq: UTHR), a public benefit corporation, yesterday unveiled its new net zero energy distribution center located on the company’s co-headquarters campus in Research Triangle Park, North Carolina. “As far as we are aware, this is the first cGMP warehouse designed to meet site net zero energy standards. Achieving this goal required extensive collaboration…
Supply Unchained: Codependent Infrastructure and Last-Mile Logistics Critical to Economic Growth
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…
Government Facilities
Conti Federal Completes Restoration of Fort Liberty Barracks
Conti Federal Services, a leading U.S. government construction and engineering firm specializing in military construction, critical infrastructure and rapid response and recovery, has successfully completed an ambitious barracks renovation project at Fort Liberty in North Carolina, completing the project in an impressive 11 months. “The security of a nation is only as strong as the…
Conti Federal Awarded $69.4M Contract to Restore Fort Bragg Barracks
Conti Federal Services, a leading U.S. government construction and engineering firm specializing in military construction and rapid response projects, has been awarded a $69,364,902.46 task order under the Rapid, Disaster, Infrastructure (RDI) 2 Multiple Award Task Order Contract (MATOC) by the U.S. Army Corps of Engineers (USACE) Omaha District for a Barracks Restoration Project at…
Fluor Selected by U.S. Department of Energy for Position on Nationwide Indefinite Delivery/Indefinite Quantity Contract
Fluor Corporation (NYSE: FLR) announced today that the U.S. Department of Energy (DOE) Office of Environmental Management selected the company for a position on the multiple award Indefinite Delivery/Indefinite Quantity (IDIQ) contract to provide nationwide Deactivation, Decommissioning and Removal (DD&R) of facilities, waste management and program support. As one of nine companies selected, Fluor is eligible…
Health Care
MUSC Board of Trustees Greenlights Integrated Center for Cellular Therapy Project
The Medical University of South Carolina (MUSC) announced plans to expand the existing cellular therapy programs and create an Integrated Center for Cellular Therapy (ICCT), with the goal of becoming the country’s leading program. The project was approved by the MUSC Board of Trustees on Dec.13. The existing facility is the only certified cellular therapy…
Healthcare Providers Can Realize Savings By Transforming Construction Approach
“Health providers seeking to lower operational, capital and maintenance costs across facilities should consider prototyping and standardizing approaches that can shift project delivery from bespoke, time intensive solutions to a manufacture-ready kit-of-parts uniquely authored by and for an organization,” said Deb Sheehan, DPR Construction’s healthcare market strategy leader at Bisnow’s Healthcare Summit Feb. 22. Healthcare systems face…
ECU Health Partners With Acadia Healthcare to Build a New Behavioral Health Hospital Expanding Access to Behavioral Health Service
July 19, 2022 10:15 AM Eastern Daylight Time GREENVILLE, N.C.–(BUSINESS WIRE)–ECU Health and Acadia Healthcare announced today plans to build a state-of-the-art, 144-bed behavioral health hospital in the medical district of Greenville, N.C., less than a mile from ECU Health Medical Center. This new facility will be a center of excellence, providing North Carolinians with…
Hotels / Hospitality
First ECHO Suites Extended Stay by Wyndham Opens in South Carolina
Construction workers hitting the road for month-long projects, traveling nurses visiting a new city for extended periods and digital nomads taking advantage of today’s work-from-anywhere policies will now have a new home-away-from-home with ECHO Suites Extended Stay by Wyndham, which celebrated the grand opening of its first location, ECHO Suites Spartanburg in South Carolina. The…
Construction Set to Begin on Catawba Nation Casino
The Catawba Nation is set to begin construction on a $700 million casino project in Kings Mountain, which will create nearly 2,000 jobs, tribal leaders announced on Friday. After resolving a financial dispute with developer Wallace Cheves over the Catawba Two Kings Casino in Kings Mountain, the two parties reached a settlement this month. The…
Watercrest Myrtle Beach Assisted Living and Memory Care Honored for Outstanding Creative Landscape Design by the City of Myrtle Beach
Watercrest Senior Living Group proudly announces that Watercrest Myrtle Beach Assisted Living and Memory Care has been awarded for Outstanding Creative Landscape Design by the City of Myrtle Beach Community Appearance Board. Watercrest Myrtle Beach Executive Director Hunter Weaver accepted the award on the community’s behalf at the 2021 City of Myrtle Beach Arbor Day Celebration. The exterior landscaping…
Industrial/Manufacturing
Toyota Charges into U.S. Battery Manufacturing
Toyota supercharged its multi-pathway approach to global vehicle electrification with the highly anticipated start of production at its all-new battery plant in Liberty, North Carolina. It is Toyota’s eleventh U.S. plant and the company’s first and only battery plant outside of Japan. The nearly $14 billion facility will create up to 5,100 new American jobs….
Sealed Air to be Acquired by CD&R for $10.3 Billion
Sealed Air Corporation (“Sealed Air” or the “Company”) (NYSE: SEE), a leading global provider of food and protective packaging solutions, announced today that it has entered into a definitive agreement to be acquired by funds affiliated with CD&R, a leading private investment firm with deep experience in the industrial and packaging industries, in an all-cash transaction…
Stäubli Expands U.S. Manufacturing and Reinforces Leadership in Liquid Cooling
Following last week’s announcement of its involvement with the Mini-QD and leadership in the UQD v2 standardization, Stäubli is underscoring its growing role as the global benchmark for precision, reliability, and scalability in liquid cooling. As AI workloads continue to accelerate power density in data centers, Stäubli is expanding its U.S. manufacturing capabilities and setting new quality standards…
Mission Critical / Data Centers
DartPoints Expands Greenville Data Center to 12.5 MW to Support Enterprise and Edge Growth
DartPoints, a leading regional provider of colocation, cloud and interconnection solutions, today announced a $125 million expansion of its Greenville County, South Carolina data center. The project increases total capacity from 2.5 MW to 12.5 MW, adding 88,000 square feet of high-density space engineered for AI, enterprise and edge applications. The investment will create 10…
Google to Invest $9 Billion in South Carolina to Expand Cloud and AI Infrastructure
Google announced plans for a $9 billion investment in South Carolina between 2026 and 2027, marking one of the largest technology investments in the state’s history. The initiative will expand Google’s cloud and artificial intelligence (AI) infrastructure, strengthen energy affordability programs, and support workforce development — further establishing South Carolina as a national hub for…
Driving AI Innovation: Gray’s Data Center Leadership in the National Spotlight
As the demand for AI and more data continues to rise, Gray’s work in the Data Center market is playing a critical role in this rapidly expanding industry. Gray, a fully integrated design-builder, was recently highlighted in a New York Times’ piece showcasing the Data Center market. This industry is advancing at a blistering pace thanks to the constant need for more…
Office Buildings
Permanent Modular Building With Palomar Modular Buildings
Jumbo Shrimp. Army Intelligence. A Little Pregnant. Permanent Modular. Which one of those terms is NOT an oxymoron? That’s right, the term “Permanent Modular” is not the oxymoron some might believe it to be. Many people think “temporary” when they think “modular building”. That’s just not correct. Although modular buildings are often used to satisfy…
Duke Energy to Pilot EV Charging Subscription Service in North Carolina
As North Carolina looks toward a cleaner energy future with reduced greenhouse gas emissions and clean transportation, Duke Energy, General Motors, Ford Motor Company and BMW of North America are teaming up to launch a new electric vehicle (EV) pilot program in the state aimed at bringing certainty to the cost of EV charging. Duke Energy’s 12-month EV Complete Home…
The Winners of the 8th Annual Excellence in Concrete Construction Awards
The eighth annual ACI Excellence in Concrete Construction Awards showcased dozens of innovative concrete projects from around the world. The “Overall Excellence” award was presented to Chau Chak Wing Museum, located in Sydney, New South Wales, Australia. The winning concrete project also received first place in the mid-rise structures category at the ACI Excellence in Concrete Construction Awards…
Power / Energy
Santee Cooper Selects Brookfield Asset Management to Proceed with Nuclear Project
After a thorough, expert-driven review of proposals from global leaders in the nuclear power industry, the Santee Cooper Board of Directors approved today a letter of intent with Brookfield Asset Management (“Brookfield”) to guide final, exclusive negotiations with Brookfield concerning the two partially built AP1000 nuclear units in Fairfield County, SC. The letter of intent…
RTI International Breaks Ground On Major Expansion Of Pilot Xcelerator Energy Facility
RTI International, an independent scientific research institute, celebrated the start of a project that will more than double the size of its RTI Pilot Xcelerator (RPX), a plug-and-play demonstration facility at its Research Triangle Park campus that helps government agencies, commercial partners and startup companies scale, engineer and test transformative energy and industrial innovations. The expansion…
Combining Duke Energy Carolinas and Duke Energy Progress Projected to Save Customers Over $1B in Future Costs
Today, Duke Energy asked state and federal regulators for permission to combine its two electric utilities in the Carolinas. Planned for years, the combination is projected to result in billions of dollars in customer savings. Duke Energy Carolinas (DEC) and Duke Energy Progress (DEP) have operated as separate utilities since the 2012 merger of Duke…
Residential/Multi-Family Residential
Thompson Thrift Launches 8th Multifamily Development Limited Partnership
Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced the launch of Thompson Thrift 2026 Multifamily Development, LP. The offering seeks to raise approximately $230 million in total capital commitments from accredited equity partners who will participate in a multi-project portfolio of ground-up Class A multifamily…
Foundry Commercial Facilitates Land Transaction for Major Durham Mixed-Use Community
Foundry Commercial’s Land Advisory Group in Raleigh is proud to announce its representation of SpaceCraft in the acquisition and rezoning of a 95-acre tract in Durham, North Carolina. Approved unanimously by Durham City Council in January, the rezoning paves the way for Brickworks, a thoughtfully designed, mixed-use community that will include up to 1,880 residential…
Construction of 461-unit Mixed-Use Multi-family Community underway by McShane in Greenville
McShane Construction Company’s Southeast regional team was selected to build a 461-unit multi-family community in Greenville, South Carolina, for repeat client Flournoy Development Group. “We are thrilled to partner with Flournoy Development Group once again to bring this dynamic and thoughtfully designed community to Greenville,” commented Dave Meadows, Vice President & Regional Manager at McShane….
Retail / Shopping Centers
CoStar Maintains U.S. Retail Projections Through 2026
U.S. retail projections have not changed materially compared to July, according to a revised forecast from CoStar, the leading global provider of online real estate marketplaces, information and analytics in the property markets. Following positive demand and a slowdown in store closures during the third quarter of 2025, the near-term U.S. retail outlook remains unchanged from the…
Dave & Buster’s Launches Reimagined Store in Winston-Salem
Today, Dave & Buster’s, the ultimate entertainment, restaurant, and sports watching destination for families and friends, announces the opening of its completely reimagined location in Winston-Salem, North Carolina, at 3320 Silas Creek Parkway, #300 on June 7. The Future of Play is Here! Literally. The newly updated location takes everything families and crew connectors alike love about Dave &…
JETSET Pilates Signs Initial Deal in North Carolina and Eyes Further Expansion
JETSET Pilates – the Miami-based, modern Reformer Pilates franchise, combining curated music and fitness for the ultimate revitalizing experience – is thrilled to announce its plans to further expand in North Carolina through franchising. With one multi-unit deal already signed in Raleigh, the brand is seeking aspiring entrepreneurs to bring its 360-workout experience to local communities such as Asheville, Raleigh and Charlotte. The new…
Roads, Bridges and Highways
Balfour Beatty Wins Prestigious CAGC Pinnacle Award for Innovative Harkers Island Bridge Project
Balfour Beatty has been honored with a 2024 Pinnacle Award from Carolinas AGC (CAGC) for its exceptional delivery of North Carolina Department of Transportation’s (NCDOT) $60 million Harkers Island Bridge Replacement project. The award was presented during CAGC’s 104th Annual Convention in Charleston, South Carolina. The CAGC’s Pinnacle Awards, co-sponsored by CPA firm GreerWalker LLP and the law…
Slow & Steady Progress Repairing America’s Bridges, According to Latest Federal Government Data
Nearly 221,800 U.S. bridges need major repair or replacement, an American Road & Transportation Builders Association (ARTBA) analysis of recently released federal government data shows. Placed end-to-end, these structures span over 6,100 miles, or the equivalent of every mile of urban and rural Interstate in California, Florida, and Illinois. Of the bridges needing repair, 42,067 are rated in…
FMI Releases 2024 3rd Quarter Civil Construction Confidence Report
FMI recently released their 2024 third quarter Civil Infrastructure Construction Index (CICI). According to the management consulting firm, the CICI dropped almost six points in the second quarter, signaling a potential cool down in the civil infrastructure space. This quarter respondents said bid prices dropped while new competitors in their markets increased, indicating a tighter…
Schools (K-12 and Higher Education)
Center for Medical Education Building construction kicks off with ceremonial groundbreaking at ECU’s Brody School of Medicine
Leaders of East Carolina University break ground on a seven-story, 195,000-square-foot Center for Medical Education Building set to open in 2027. (ECU photo)
Building Success: A Journey of Renovation and Innovation at South Carolina’s Tri-County Technical College
Embarking on a construction project is always an intricate dance of planning, execution, and adaptation. When Upstate South Carolina’s Tri-County Technical College (TCTC) chose the team of DP3 Architects and Harper General Contractors to lead the design and construction of the complex and exciting renovation of Oconee Hall on the school’s Pendleton Campus, our team…
USC Upstate breaks ground on $21M library addition
The University of South Carolina Upstate celebrated the groundbreaking of a $21 million library expansion on Thursday, April 4. The project is designed by Moseley Architects, and construction will be facilitated by Thompson Turner Construction. The project was approved by the USC Board of Trustees in December 2022. The addition marks the first time since 2009 that…
Transportation / Ports
Balfour Beatty, Metcon Joint Venture Selected for Raleigh-Durham Airport Authority Construction Program
Balfour Beatty’s Building operations and joint venture partner Metcon Inc., in association with Right Build and Varnedoe Construction, have been selected by Raleigh-Durham Airport Authority to deliver an approximately $650 million phased construction program at Raleigh-Durham International Airport (RDU). As part of its Vision 2040 Master Plan, the construction program at RDU will support growth in…
Balfour Beatty Awarded $242.35 Million Design-Build Contract by North Carolina Department of Transportation
North Carolina Department of Transportation (NCDOT) has awarded Balfour Beatty a $242.35 million design-build contract to deliver improvements to Interstate U.S. 70 between the Havelock Bypass and east of Thurman Road in Craven County. The project will upgrade the 6.4-mile section of U.S. 70 to improve mobility and military interconnectivity, support economic development and increase…
Charleston Turns to Black & Veatch to Map Out City’s Water Resilience Future
Global water solutions leader Black & Veatch today announces its selection by the city of Charleston, South Carolina, to draft a comprehensive, integrated flood mitigation plan for the 155-square-mile community along the Atlantic Ocean. With Black & Veatch serving as an owner’s agent and project lead, the extensive evaluation will help Charleston understand, plan for,…
More Markets
Toyota Charges into U.S. Battery Manufacturing
Toyota supercharged its multi-pathway approach to global vehicle electrification with the highly anticipated start of production at its all-new battery plant in Liberty, North Carolina. It is Toyota’s eleventh U.S. plant and the company’s first and only battery plant outside of Japan. The nearly $14 billion facility will create up to 5,100 new American jobs….
DartPoints Expands Greenville Data Center to 12.5 MW to Support Enterprise and Edge Growth
DartPoints, a leading regional provider of colocation, cloud and interconnection solutions, today announced a $125 million expansion of its Greenville County, South Carolina data center. The project increases total capacity from 2.5 MW to 12.5 MW, adding 88,000 square feet of high-density space engineered for AI, enterprise and edge applications. The investment will create 10…
Sealed Air to be Acquired by CD&R for $10.3 Billion
Sealed Air Corporation (“Sealed Air” or the “Company”) (NYSE: SEE), a leading global provider of food and protective packaging solutions, announced today that it has entered into a definitive agreement to be acquired by funds affiliated with CD&R, a leading private investment firm with deep experience in the industrial and packaging industries, in an all-cash transaction…
CoStar Maintains U.S. Retail Projections Through 2026
U.S. retail projections have not changed materially compared to July, according to a revised forecast from CoStar, the leading global provider of online real estate marketplaces, information and analytics in the property markets. Following positive demand and a slowdown in store closures during the third quarter of 2025, the near-term U.S. retail outlook remains unchanged from the…
