Commercial
Slow Rebound in Office Space Demand Expected in 2024
NAIOP Research Foundation Releases Office Space Demand Forecast, Download: naiop.org/officedemand With a recession now appearing to be less likely than had been predicted and employment growth continuing, the NAIOP Research Foundation’s Office Space Demand Forecast predicts a gradual rebound in leasing activity. Net office-space absorption in 2024 – the amount that is leased or occupied less the…
NAIOP DEI Strategic Pillars: New Committee on DEI
2023 NAIOP Chair Kim Snyder and the NAIOP Board of Directors are proud to announce the adoption of its Diversity Equity and Inclusion (DEI) policy statement by NAIOP, the Commercial Real Estate Development Association. During the board meeting on October 17, held as part of NAIOP’s CRE.Converge conference in Seattle, the board unanimously approved the…
EastGroup Properties Announces Recent Business Activity and Participation in Upcoming Conferences
EastGroup Properties, Inc. (NYSE: EGP) (the “Company” or “EastGroup”) announced today its recent business activity. Commenting on the Company’s activity, Marshall Loeb, CEO, stated, “We continue to be pleased by both the strength and resiliency of the Sunbelt, shallow bay industrial market. Operationally it’s been a positive, steady year in an unsteady capital markets environment. Given the volatility in…
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 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…
Corvias Renovates 480 on-Base Houses at North Carolina Military Base
Corvias, a partner to the U.S. military for the construction and management of on-base housing, nears completion of renovating 480 homes at Seymour Johnson Air Force Base. Renovations are expected to be completed this summer. “We are in the final stretch of renovations with just 10 homes remaining,” said John G. Picerne, Founder and CEO…
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
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…
Historic Black Social Club Starts Renovation, Seeks Black Architects to Restore Charlotte Landmark
The new owners of the historic Excelsior Club announced this week they are seeking distinguished Black architects from around the nation to participate in the redevelopment and revival of the club, a longtime epicenter of African-American politics and culture in North Carolina. The Excelsior Club opened in 1944 as a fashionable nightclub that attracted Black professionals and politicians…
Blending Business, Friendship & Family: Creative Builders and Saskatoon Lodge Partnership
Will McCauley and the team at Creative Builders have gone back and forth with Greenville, S.C.’s Saskatoon Lodge Restaurant and Event Center team, trading places as vendors, customers, and coworkers. Creative Builders played a large role in constructing the restaurant’s new venue on Halton Road — and they also did the upfit renovation that turned…
Industrial/Manufacturing
The Construction Users Roundtable Announces its 2023 Construction Industry Project Excellence Award Winners
The Construction Users Roundtable (CURT) announced its seventh annual Construction Industry Project Excellence (CIPE) Awards and called upon the industry to continue its progress in promoting construction productivity across the globe. CURT is committed to giving significant national and international recognition to companies and organizations that excel in productivity on capital projects. CURT is an…
What’s Driving the Manufacturing Boom in the Carolinas: Part 1
Business is booming for manufacturing in North Carolina and South Carolina. Historically, the Carolinas have been effective in attracting manufacturing projects. During the last few years, this investment has been driven by a number of factors, including reshoring, foreign direct investment (FDI), emerging technologies, government incentives, the energy transition, consumer demand, and more. The first…
Build to Suit Industrial Program: Customized Solutions for Light Manufacturing Facilities
The Hollingsworth Companies, a leading real estate development firm located in the Southeastern United States, is expanding its innovative “Build to Suit Industrial Building Program.” This innovative Development Program is designed to serve “on shoring” or companies migrating to the Southern US to establish manufacturing operations. At this time, with Supply Chain delays and rising Real Estate…
Mission Critical / Data Centers
DC BLOX Breaks Ground on its Myrtle Beach Cable Landing Station and Dark Fiber Route
DC BLOX, a provider of multi-tenant data centers, dark fiber, and connectivity solutions that delivers the infrastructure essential to power today’s digital business, announces today the groundbreaking on its new international subsea cable landing station (CLS) in Myrtle Beach, SC. In addition, a new dark fiber route linking Myrtle Beach with the connectivity hub of the Southeast in Atlanta is…
DC BLOX’s New Greenville Data Center is Open for Business
DC BLOX, a provider of interconnected multi-tenant data centers that deliver the infrastructure and connectivity essential to power today’s digital business, announces the opening of its Greenville, South Carolina data center. The data center, designed to Uptime Institute’s Tier III standards, is the first-of-its-kind multi-tenant data center located in South Carolina. The initial 25,000 square foot facility can…
Apple to Invest $1 Billion, Hire 3,000 in North Carolina
Apple has selected North Carolina’s Research Triangle region as the location for its newest research and development campus and will create 3,000 jobs in Wake County, Governor Roy Cooper announced today. Apple plans to invest more than $1 billion in the state by 2032. Earlier today, Governor Cooper, Senator President Pro Tempore Phil Berger, Senator…
Multi-Family Residential
Addison Homes Receives U. S. Department of Energy 2023 Housing Innovation Award
Addison Homes, a South Carolina home builder which specializes in building healthy, high-performance homes that emphasize increased comfort and durability, better indoor air quality, and ultra energy efficiency, has received a Housing Innovation award from the U. S. Department of Energy (DOE). The award was presented at the 2023 Energy & Environmental Building Alliance (EEBA)…
U-Haul Migration Trends: Florida had 7 of Top 25 U.S. Growth Cities in 2023
Florida destinations dominated the U.S. growth cities list again in 2023, with the Palm Bay-Melbourne market netting the largest number of movers in one-way U-Haul® equipment last year. Three destinations in the Carolinas were in the top 10. The U-Haul Growth Index found seven Florida markets among the top 25 growth cities last year. It marks the seventh year in a…
McShane to Build 262-unit Multi-family Community in Greenville, South Carolina
McShane Construction Company has been selected by repeat client Flournoy Development Group to build a 262-unit multi-family community in Greenville, South Carolina. “We’re excited to kick off our second project with Flournoy Development,” shared Scott Hoppa, Senior Vice President & Regional Manager at McShane. “Located in one of the fastest growing cities in the country, this project…
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
The Construction Users Roundtable Announces its 2023 Construction Industry Project Excellence Award Winners
The Construction Users Roundtable (CURT) announced its seventh annual Construction Industry Project Excellence (CIPE) Awards and called upon the industry to continue its progress in promoting construction productivity across the globe. CURT is committed to giving significant national and international recognition to companies and organizations that excel in productivity on capital projects. CURT is an…
Duke Energy Honors Eight Organizations with 2023 Power Partner Awards
Duke Energy has chosen eight organizations to receive its 2023 Power Partner Award. The annual program founded in 1992 honors businesses and other organizations that have demonstrated excellence in sustainability, safety, service, and problem solving. “We value our large commercial, industrial and government customers and encourage them to strive for organizational excellence,” said Chris Edge, Duke…
Duke Energy Files Updated Carbon Plan to Serve the Growing Energy Needs of a Thriving North Carolina
Duke Energy today filed a new resource plan to advance the company’s energy transition while prioritizing reliability and affordability – one designed to help maintain North Carolina’s status as the nation’s top state for economic development. The Carbon Plan Integrated Resource Plan (CPIRP) builds on the trajectory of the North Carolina Utilities Commission’s (NCUC) 2022 Carbon Plan, which established a…
Retail / Shopping Centers
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…
NAOIP: Commercial Real Estate Vital to the Overall Economy; Industrial Sector Leads and Retail Stages a Comeback
The impact of new commercial real estate development in the U.S. continues to grow, according to the annual Economic Impacts of Commercial Real Estate research study conducted by the NAIOP Research Foundation. The combined economic contributions of new commercial building development and the operations of existing commercial buildings in 2022 resulted in direct expenditures of $826.9 billion…
84 Lumber Set to Accelerate Expansion Plans
The nation’s largest privately held building materials supplier plans to add to its existing 310 facilities in 2023 84 Lumber, the largest privately owned building materials supplier in the U.S., currently operates 310 facilities which include 234 stores, 14 component manufacturing plants, 28 engineered wood product (EWP) centers and 34 door shops. The company plans to open new facilities…
Roads, Bridges and Highways
Bridge to Success: ECU Construction Management Graduates are Shaping the Region
Will Janning watches as a seagull flies across a clear sky. The nearby water greets the sand he stands on, allowing him a dry spot from where he can see more than two years of his work in front of him. The 45-foot-tall bridge stretches more than half a mile across The Straits, a waterway…
AGC Survey of Highway Contractors Reveals High Incidence of Cars Crashing into Work Zones
Officials Call for Tougher Safety Enforcement and Education Programs as Annual Survey Details Continued Risks to Drivers & Workers in Work Zones and Workers Plead with Drivers to Slow Down in New Video Fifty-five percent of highway contractors report that motor vehicles had crashed into their construction work zones during the past year, putting motorists and…
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…
Schools (K-12 and Higher Education)
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…
USC selects lead development team for health sciences campus in BullStreet District
The University of South Carolina has selected Gilbane to lead the planning, design, development and construction of the university’s health sciences campus in the BullStreet District in downtown Columbia, South Carolina. The initial engagement with Gilbane was presented to the Board of Trustees at its Tuesday (Dec. 13) meeting. “Gilbane has assembled a world-class design…
Strategically Funding School Facility Improvements
A blueprint for districts to secure taxpayer-funded capital investment Public education is facing renewed scrutiny in post-pandemic America. Improving student outcomes for today’s world means bringing disparate topics together to make wiser and bolder decisions in school planning, design and improvement. It has always been a challenge for public schools to keep pace with facility…
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
CIRT Sentiment Index: First Quarter 2024
The Construction Industry Round Table (CIRT) and FMI recently published the CIRT Sentiment Index for the First Quarter of 2024. CIRT members recorded much stronger optimism across index components, including sentiment toward the U.S. economy, the economy where members operate, members’ construction businesses and the nonresidential sector. The overall index score rose to 64.9 from…
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…
NAOIP Industrial Space Demand Forecast: Cooling Market Signifies Return to Normal
Demand for industrial space is expected to cool following a period of rapid expansion. The market for industrial real estate faces headwinds from a large volume of project completions and a slowing economy, but this trend reflects more of a return to normal than a negative outlook for the sector, according to the just-released NAIOP Industrial…
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…