Commercial
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…
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…
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
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
Design-Build for Manufacturers: Collaboration is King
People that I’m meeting for the first time often ask me how A M King brings value to manufacturing clients. I love having the opportunity to talk about our approach to industrial facility growth and development. Because each project is uniquely complex, our job, the service that we deliver, is to truly get to know…
Foundry Commercial Brokers Landmark Industrial Land Sale in Fuquay-Varina
Foundry Commercial is pleased to announce the successful sale of a nearly 40-acre infill, industrial site along the Highway 55 corridor in Fuquay-Varina, N.C. Foundry Partners Jim Allaire, Sarah Godwin, and Karl Hudson, IV, CCIM represented the seller in the transaction. The buyer, Chicago-based Stotan Industrial, will deliver approximately 487,200 square feet of small-bay industrial…
Boeing Commits to Expand Charleston County Operations
Boeing (NYSE:BA) today announced it plans to expand its operations in Charleston County. The company plans to invest $1 billion in infrastructure upgrades at its existing site and create 500 new jobs over the next five years. “Boeing’s decision to expand in Charleston County further solidifies South Carolina’s position as a leader in the aerospace industry,” said…
Mission Critical / Data Centers
Greenidge Generation Announces Sale of South Carolina Property to Data Journey for $12.1 Million and 8% Stake in Planned Data Center’s Profits
Greenidge Generation Holdings Inc. (Nasdaq: GREE) (“Greenidge” or the “Company”), a vertically integrated cryptocurrency data center and power generation company, today announced that it has entered into a definitive agreement to sell its 152-acre Spartanburg, South Carolina property (the “Spartanburg property”) to Data Journey LLC (“Data Journey”) for $12.1 million in cash and an 8%…
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…
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
Integrated Power Services (IPS) Acquires Switchgear Solutions
Integrated Power Services (IPS), a world-class provider of electrical, mechanical, and power management systems, has acquired Switchgear Solutions, Inc., effective December 19, 2024. “This strategic acquisition allows IPS to further expand its reach across the Southwestern United States, delivering a comprehensive suite of power management solutions tailored to the needs of industrial, commercial, and renewable…
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…
Residential/Multi-Family Residential
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….
Caruso Homes Debuts Decorated Model at Rolling Meadows in Mooresville, NC
Caruso Homes is excited to announce the grand opening of their only model home in the Charlotte area at Rolling Meadows, its newest luxury community in Mooresville, North Carolina. The decorated Lexington II model home, now open to the public, offers prospective buyers a firsthand look at the exceptional quality and craftsmanship that define Caruso Homes. The grand opening…
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
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
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…
Design-Build for Manufacturers: Collaboration is King
People that I’m meeting for the first time often ask me how A M King brings value to manufacturing clients. I love having the opportunity to talk about our approach to industrial facility growth and development. Because each project is uniquely complex, our job, the service that we deliver, is to truly get to know…
Foundry Commercial Brokers Landmark Industrial Land Sale in Fuquay-Varina
Foundry Commercial is pleased to announce the successful sale of a nearly 40-acre infill, industrial site along the Highway 55 corridor in Fuquay-Varina, N.C. Foundry Partners Jim Allaire, Sarah Godwin, and Karl Hudson, IV, CCIM represented the seller in the transaction. The buyer, Chicago-based Stotan Industrial, will deliver approximately 487,200 square feet of small-bay industrial…
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….
