Commercial
NAOIP: Commercial Real Estate Sentiment Rebounds
The NAIOP CRE Sentiment Index, which measures industry expectations for commercial real estate market conditions over the next 12 months, has increased significantly from the last survey conducted in the Spring. The Index climbed to 56, indicating that respondents expect conditions for commercial real estate development to improve over the next year. The NAIOP CRE Sentiment…
LightBox Monthly CRE Activity Index Reveals Modest May Improvement
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…
Lovett Industrial breaks ground on a 21-acre, 282,000 Square Foot Industrial Business Park in Charlotte, NC
Lovett Industrial, the Houston-based real estate investment firm, recently broke ground on Orr Road Business Center, an urban infill 21.7-acre development consisting of 282,000 square feet spread across two Class A industrial buildings in the North Graham submarket of Charlotte, NC. Located on Orr Rd, just northeast of Downtown Charlotte, and within 1.5 miles of…
Distribution / Warehouse
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…
E. & J. Gallo Winery Establishing East Coast Operations in South Carolina
Governor Henry McMaster and the S.C. Department of Commerce today announced that E. & J. Gallo Winery (Gallo), a global wine and spirits company, will build a new state-of-the-art production facility and distribution center in Chester County to support future business growth and its long-term innovation plans. The $423 million investment will create 496 new jobs over…
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
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…
Ameresco Begins Phase Two of Energy Savings Project at the Medical University of South Carolina
–Ameresco, Inc. (NYSE:AMRC), a leading energy efficiency and renewable energy company, today announced that it has begun phase two of a comprehensive energy savings project at the Medical University of South Carolina (MUSC), one of the nation’s top academic health science centers and the largest medical school in South Carolina. MUSC financed this project under an energy savings performance contract (ESPC) and…
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
ARCO/Murray to Build 1,100,000 Square-Foot Solar Manufacturing Hub in North Carolina
ARCO/Murray, a top-ranked design-build general contractor, has been selected to lead the design and construction of Boviet Solar’s 1,100,000-square-foot solar module and solar cell manufacturing project in North Carolina. The two-phase program will create over 900 skilled local jobs and significantly expand the capacity for solar energy production in the United States. Phase 1: 2.0 GW Solar…
Lovett Industrial Closes on 27.4 Acres, Set to Break Ground on 351,030 Square-Foot Industrial Facility in Durham, North Carolina
Lovett Industrial, a Houston-based real estate investment firm, recently closed on a 27.4-acre land site and is preparing to break ground on Durham Logistics Center, consisting of 351,030 square feet of Class-A industrial space in Durham, North Carolina. Situated at a prime location facing the intersection of I-85 and I-885 in Durham, North Carolina, the…
A M King Transforms Coastal GA Spec Building into Advanced Food Processing Facility for Nonprofit MANA Nutrition
Carolinas-based integrated Design-Build firm A M King has begun transforming a 320,000-square-foot, spec warehouse facility in Pooler, GA, near Savannah, into a state-of-the-art food processing for Charlotte-area nonprofit MANA Nutrition, Inc. When the Pooler buildout is complete, MANA will use the facility to produce its signature Ready-to-Use Therapeutic Food (RUTF) and Ready-to-Use Supplemental Food (RUSF)….
Mission Critical / Data Centers
Flexibility Key to Mitigate Supply Chain Delays in Data Center Construction
Supply chain delays continue to affect construction across the globe, especially for data center facilities. DPR Construction recommends collaborative procurement planning and built-in flexibility to help project teams maintain schedules and get new data centers online as planned. According to McKinsey & Company, the U.S. data center demand is expected to grow at an average…
Schneider Electric Publishes New White Paper on Liquid Cooling for AI Data Centres
Schneider Electric, the leader in digital transformation of energy management and automation, has released white paper 133 titled “Navigating Liquid Cooling Architectures for Data Centres with AI Workloads.” The paper provides a thorough examination of liquid cooling technologies and their applications in modern data centres, particularly those handling high-density AI workloads. The demand for AI…
Crypto Mining Boom: EZ Blockchain Expands Their Hosting Capacity with a New Site in South Carolina
Bitcoin mining leader EZ Blockchain has expanded its operations with the launch of Berry II, a new hosting facility in South Carolina. This project builds upon the success of Berry I, which has been operational for over a year. With Berry II, EZ Blockchain unveils an additional 16 MW of hosting capacity in its strategic effort to…
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
Construction Begins in Wilmington on Metronet’s $30M Fiber-Optic Network
Construction in Wilmington has begun on a $30M fiber-optic network that will bring multi-gigabit internet service to the city’s homes and businesses, Metronet announced today. Named the fastest major ISP in the country for 2024 by PCMag, Metronet will offer customers ultrafast speeds of up to five gigabits per second for residents and up to ten…
EDP Renewables Celebrates its First North Carolina Solar Park
EDP Renewables North America LLC (EDPR NA), a leading top five renewable energy developer and operator in North America, is pleased to present the recently completed Misenheimer Solar Park, located in the Village of Misenheimer in Stanly County, North Carolina. The solar project is one of the largest in the state, with an installed capacity of 74 megawatts (MW). Misenheimer…
Duke Energy’s Annual Impact Report Shares Progress Toward a Cleaner Tomorrow That Includes Affordability and Reliability
Duke Energy (NYSE: DUK) today released its 2023 Impact Report, its 18th annual accounting of its progress toward its sustainable business goals. This year’s report includes highlights from its 2050 clean energy transition strategy, which strives to deliver industry-leading reliability, competitive rates for customers, and accelerated infrastructure and economic development to meet the growing needs of its…
Residential/Multi-Family Residential
Where Is New Construction Creating Affordable Housing Options? Look to the South and the West
A New Report from Realtor.com found South Carolina, North Carolina and Idaho are the top three states leading the new construction activity and affordability rankings. New Construction Nationally is Helping Add Needed Inventory and Affordable Options. Today, Realtor.com® launched a brand new report “New Construction Insights,” which found South Carolina, North Carolina and Idaho lead the way when it comes to new home construction. This report creates a ranking for…
Building Beyond the Home: North Carolina Native’s Construction Prowess Has Major Community Impact
From single-family developments to groundbreaking demonstration projects, Emily Bosman, Garman Homes’ product manager of land, leverages her homebuilding mastery and distinct design perspective to build more than just residential communities; she and the team at Garman Homes construct housing solutions that redefine joyfully built, meaningfully different urban living across the Carolinas. In this exclusive Q+A…
Multifamily Developer Confidence Falls in Second Quarter
Confidence in the market for new multifamily housing declined year-over-year in the second quarter, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) had a reading of 44, down 12 points year-over-year, while the…
Retail / Shopping Centers
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…
Krystal Breaks Ground in North Carolina With New Design
Krystal Restaurants LLC, the original quick-service restaurant chain in the South, announces a strategic expansion into North Carolina, marking a pivotal step in the brand’s plans to expand across the United States. The new builds will boast a sleek and contemporary design and cater to consumers’ on-the-go dining desires. The location is projected to open…
Roads, Bridges and Highways
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…
Governor Cooper Announces Game Changing Funding Grant for Cape Fear Memorial Bridge Replacement in Wilmington
Today, Governor Roy Cooper announced a major funding grant for the Cape Fear Memorial Bridge replacement project in Wilmington. The Governor was joined by Biden Administration Federal Highways Administrator Shailen Bhatt, North Carolina Department of Transportation Secretary Joey Hopkins and Wilmington Mayor Bill Saffo to highlight this major investment from the Biden-Harris Administration. “The Biden-Harris Administration’s…
Schools (K-12 and Higher Education)
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…
Swinerton Completes $6M of School Projects: Two North Carolina Schools Welcome Students with Improved Facilities
Just in time for the new school year, Swinerton, an industry leading general contractor with offices nationwide, announces the completion of two construction projects at schools in North Carolina. The firm completed renovations at Carolina Charter Academy in Angier, N.C., south of Raleigh, N.C.; and at Melmark Carolinas in south Charlotte. Enhancements made as a result of these projects…
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
NAOIP: Commercial Real Estate Sentiment Rebounds
The NAIOP CRE Sentiment Index, which measures industry expectations for commercial real estate market conditions over the next 12 months, has increased significantly from the last survey conducted in the Spring. The Index climbed to 56, indicating that respondents expect conditions for commercial real estate development to improve over the next year. The NAIOP CRE Sentiment…
ARCO/Murray to Build 1,100,000 Square-Foot Solar Manufacturing Hub in North Carolina
ARCO/Murray, a top-ranked design-build general contractor, has been selected to lead the design and construction of Boviet Solar’s 1,100,000-square-foot solar module and solar cell manufacturing project in North Carolina. The two-phase program will create over 900 skilled local jobs and significantly expand the capacity for solar energy production in the United States. Phase 1: 2.0 GW Solar…
Reverse Logistics Strategies for the Post-pandemic Supply Chain: Spaces and Places to Recapture Value
The pandemic brought into sharp focus the importance of having a healthy and functioning supply chain, that critical system by which goods are delivered from factories to doorsteps. But how does the process work in reverse, when items are returned and sent back? And what happens to the returned items? Today, the NAIOP Research Foundation…
ABI August 2024: Architecture firm billings continue to decline
It has now been nearly two years since firms saw sustained growth. However, clients are still expressing interest in new projects, as inquiries into work have continued to increase during that period. However, those inquiries remain challenging to convert to actual new projects in the pipeline, as the value of newly signed design contracts declined…
