Commercial
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…
Hybrid Work and the Future of the Office: New NAIOP and CBRE Report Examines How Tennat Preferences are Reshaping the Office Market
As companies and employees absorb the lasting changes in work patterns brought by the pandemic, office occupiers are seeking out well-located buildings with amenities that lower the burden of commuting to work, according to a new report, Hybrid Work and the Future of the Office, published by the NAIOP Research Foundation in conjunction with CBRE….
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…
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
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
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…
Ready for the Electric Future: Groundbreaking on New BMW Group High Voltage Battery Assembly Factory in South Carolina
The BMW Group took a major step today towards building electric vehicles in the United States as it broke ground for a new high-voltage battery assembly plant in Woodruff, South Carolina. The BMW Group Plant Woodruff will produce sixth-generation batteries to supply fully electric vehicles at nearby BMW Manufacturing in Spartanburg. More than 300 jobs…
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 Home Builders Association of Greenville’s Green Building Bridge Award
Addison Homes, an Upstate South Carolina home builder which specializes in building healthy, high-performance homes that emphasize increased comfort and durability, better indoor air quality, ultra energy efficiency, and the use of sustainable materials, has received the Green Building award at the annual Bridge Awards gala for the Home Builders Association of Greenville. Founded in…
South Creek by Beechwood Carolinas, a New Mixed-Use Community in Heart of Chapel Hill, North Carolina, Approved by Town of Chapel Hill
Beechwood Carolinas, a division of The Beechwood Organization – one of the largest privately-owned developers of single-family homes, multi-family homes and luxury lifestyle communities on the East Coast – moves forward with plans for a new mixed-use development, South Creek by Beechwood. South Creek’s 815-home community with 21,000 to 52,000 square feet of commercial and retail space across…
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…
Office Buildings
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…
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…
Power / Energy
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…
New Report Highlights $15 Billion in Utility-Scale Clean Power Investments in North Carolina
A newly-released report from the American Clean Power Association (ACP) details significant contributions being made in North Carolina from utility-scale clean energy projects. The report, Clean Energy Powers North Carolina, finds that nearly 10% of the state’s energy capacity is currently generated through solar and wind projects. Clean energy capacity in the state now stands at 6,433 megawatts…
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
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…
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…
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
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…
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…
Construction Industry’s Top Trending Markets – By The Business Research Company
As per The Business Research Company’s analysis, the global construction market is poised for substantial growth, with projections indicating it will reach $19,519.26 billion by 2027, exhibiting a commendable compound annual growth rate (CAGR) of 6.0%. This growth is notably driven by the burgeoning construction activities in emerging markets, where urbanization, infrastructure development, and housing needs are on the…
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…
