Commercial
NAOIP Industrial Space Demand Forecast: Outlook Bright
The outlook for the industrial real estate market remains bright, despite rising interest rates and the growth of new space being developed, according to the latest NAIOP Industrial Space Demand Forecast, released today. Low vacancy rates will continue to support growth in rents and property values. The current forecast has been revised upward from August…
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…
Lowe’s Sets Goal to Reach Net-Zero Emissions across Scopes 1, 2 and 3 by 2050
Company’s net-zero roadmap focuses on reducing impact of its value chain, increasing product efficiency and transitioning to renewable energy sources Lowe’s today announced its goal to reach net-zero emissions across the company’s scope 1, 2 and 3 greenhouse gas emissions by 2050, in accordance with guidelines from the Science Based Targets initiative (SBTi), the global body enabling…
Distribution / Warehouse
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…
A M King Breaks Ground on ALDI Divisional HQ and Distribution Center in Southern Alabama
Carolinas-based A M King, an integrated Design-Build Firm, has partnered with ALDI U.S. to provide property consulting, design, and construction of ALDI’s new facility in Loxley, AL. The 570,660-square-foot divisional headquarters and distribution center will service more than 100 stores in southern Alabama, Mississippi, Louisiana and the Florida panhandle. The grocery retailer, which opened its…
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
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…
New Medical Office Building Completed by Mashburn Construction in Irmo, S.C.
Columbia, S.C.— Mashburn Construction is pleased to announce the completion of Irmo Wellness Center, a two-story medical office building in Irmo, S.C. This is the second building that Mashburn has constructed for South Carolina Internal Medicine. The 43,480-square-foot building was constructed using 66 tilt-up concrete panels, allowing for a more aggressive schedule and a most cost-effective…
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
Wolfspeed Hosts the First Stop on the Biden Administration’s ‘Invest in America’ Tour at its Durham HQ
President Biden delivered remarks about initiatives aimed to grow the American economy, such as investing in semiconductor manufacturers like Wolfspeed Today, Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology, hosted the first stop of President Joe Biden’s ‘Invest in America’ tour at the company’s Durham, N.C. headquarters. The President highlighted initiatives designed to boost…
International Race for Lithium Heats Up as Auto Giants Invest in Mining Space
An international scramble for lithium is fully underway, with some of the world’s largest automakers now jockeying for position in the mining space to secure supplies for the battery metal moving forward. The latest to throw its hat in the lithium ring is General Motors Company (NYSE:GM), which announced a $650 million equity investment in Lithium Americas Corp. (NYSE:LAC) (TSX:LAC) in connection…
Albemarle Corporation Announces New U.S. Lithium Mega-Flex Processing Facility in South Carolina
Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced plans to locate its previously announced lithium hydroxide Mega-Flex facility in Chester County, South Carolina. Plans for the facility include an initial investment of at least $1.3 billion to help meet the surging demand for domestic and international electric vehicles…
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
Commercial and Multifamily Make Solid Gains in 2022
All top 10 metro areas posted gains during the year In 2022, the value of commercial and multifamily construction starts in the top 10 metropolitan areas of the U.S. increased 37% from 2021, according to Dodge Construction Network. Nationally, commercial and multifamily construction starts increased 25%. Commercial and multifamily construction has made impressive gains in 2022 largely…
Olive Tree Affordable Housing Enters Into North Carolina Market with Acquisition of Multifamily Community in Wilmington
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…
Atlas Real Estate Partners and FIDES Development Acquire Multifamily Development Site in Charleston
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…
Office Buildings
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…
Balfour Beatty and Samet Corporation Joint Venture to Deliver Modernized Courthouse in Forsyth County
Balfour Beatty, in joint venture with Samet Corporation, is partnering to deliver the new Forsyth County Courthouse in Winston Salem, North Carolina. A groundbreaking event for the new courthouse took place in February to celebrate the construction of the newly modernized courthouse that will provide improved security, accessibility, and technologies to better serve Forsyth County citizens and…
Preparing for Office Re-Entry: A Case Study
Since the beginning of our work-from-home experience, the workplace design team at Progressive AE has been focused on building a plan for our eventual office re-entry. Mitigating risk and keeping staff safe have been foundational to our efforts. To help guide our work, we made the decision early on to follow federal and state-issued guidelines,…
Power / Energy
Former SCANA CEO Sentenced to Two Years for Defrauding Ratepayers in Connection with Failed Nuclear Construction Project
Acting United States Attorney M. Rhett DeHart announced today that Kevin B. Marsh, 66, former SCANA Corporation (SCANA) Chief Executive Officer and Chairman of the Board of Directors, was sentenced to two years in federal prison after pleading guilty to conspiracy to commit mail and wire fraud. Evidence presented to the Court showed that Marsh…
Duke Energy Carolinas Requests Rate Review by North Carolina Utilities Commission to Build a Cleaner, More Reliable Energy Future
Duke Energy Carolinas today asked North Carolina regulators to review its rates as the company continues to strengthen the electricity grid to improve reliability for customers and facilitate a cleaner, more secure energy future in a manner that supports economic development across the state. The rate case includes a three-year plan to fund system improvements, including nearly $4.2…
Duke Energy Restores Thousands of Customers After Substation Vandalism in N.C.
Duke Energy crews have restored power to nearly 7,000 customers since Sunday night when substations in Moore County were attacked. Today, approximately 38,000 customers in the area remain without power – down from 45,000, who were initially affected. Duke Energy will continue to restore service quickly and safely, although many affected customers should prepare for an outage…
Retail / Shopping Centers
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…
Woolpert Contracted to Plan, Design Northwest Concord (N.C.) Community Park
Woolpert has been contracted by the city of Concord, N.C., to provide park master planning, conceptual design, and engineering and architecture services for its new 28.6-acre Northwest Concord Community Park. The park site is at 1252 Cox Mill Road in Concord, adjacent to Cox Mill Elementary School and across the street from Cox Mill High School. Woolpert…
Roads, Bridges and Highways
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…
Construction Partners, Inc. Completes North Carolina Acquisition
Construction Partners, Inc. (NASDAQ: ROAD) (“CPI” or the “Company”), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today announced that it has acquired Ferebee Corporation, a full-service hot-mix asphalt and paving company headquartered in Charlotte, North Carolina. With three hot-mix asphalt plants in the greater Charlotte/Rock Hill…
Carolinas AGC and SCDOT Announce Results of South Carolina Work Zone Safety Survey
On Wednesday, May 26, Carolinas AGC proudly partnered with AGC of America and the South Carolina Department of Transportation (SCDOT) for a press conference in Columbia, South Carolina to release the South Carolina results of AGC of America’s 2022 Work Zone Safety Awareness Survey consisting of results from CAGC Members. CAGC Highway Division Vice Chair…
Schools (K-12 and Higher Education)
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…
Skanska to Build School in Wake County, NC
Skanska has signed a contract with the Wake County Public School System to build a new middle school in Fuquay-Varina, North Carolina, USA. The contract is worth USD 78M, about SEK 770M, and will be included in the US order bookings for the third quarter of 2022. The contract for the final phases of a multi-phase contract,…
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
Wolfspeed Hosts the First Stop on the Biden Administration’s ‘Invest in America’ Tour at its Durham HQ
President Biden delivered remarks about initiatives aimed to grow the American economy, such as investing in semiconductor manufacturers like Wolfspeed Today, Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology, hosted the first stop of President Joe Biden’s ‘Invest in America’ tour at the company’s Durham, N.C. headquarters. The President highlighted initiatives designed to boost…
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…
Several Major Industries Making Efforts to Meet Net Zero Goals Through Carbon Credits
Set to be held in November, the UN’s Conference of Parties conference (“COP27”) has been set with a goal of seeking clarity and concrete guidelines for Voluntary Carbon Market (VCM) players. Last year’s COP26 conference in Scotland ended with 632 of the world’s largest 2000 public companies by revenue announcing plans to achieve Net Zero greenhouse gas emissions. Efforts are being made across…
International Race for Lithium Heats Up as Auto Giants Invest in Mining Space
An international scramble for lithium is fully underway, with some of the world’s largest automakers now jockeying for position in the mining space to secure supplies for the battery metal moving forward. The latest to throw its hat in the lithium ring is General Motors Company (NYSE:GM), which announced a $650 million equity investment in Lithium Americas Corp. (NYSE:LAC) (TSX:LAC) in connection…
