Commercial
NAIOP Releases Commercial Real Estate Industry Sentiment Index
The NAIOP CRE Sentiment Index for September 2020 is 45, indicating that respondents expect unfavorable conditions for commercial real estate over the next 12 months. “Although industry professionals know more about how COVID-19 affects demand for commercial real estate than they did in the spring, uncertainty remains about when the economy will fully recover,” said Thomas J….
Southern First Bank to Build New Corporate Headquarters in Greenville, SC
Southern First Bank (NASDAQ: SFST), the largest bank headquartered in South Carolina, has announced plans to build a new corporate headquarters in Greenville, SC. The new headquarters, situated at the intersection of Laurens Rd and Verdae Blvd, will serve as a symbol and celebration of Southern First’s focus on the future of banking. The landmark project…
NAIOP Industrial Space Demand Forecast: While Long Term Growth Is Expected, Recession Will Have a Significant Impact on Industrial Real Estate Absorption Rates Into 2021
Although industrial real estate has outperformed other commercial property types this year due in part to a surge in e-commerce, broader macroeconomic indicators suggest industrial space absorption will decline sharply in Q3 2020 and then rebound to positive levels in Q2 2021, according to the NAIOP Industrial Space Demand Forecast, released today. Industrial net absorption is…
Distribution / Warehouse
Marlboro Development Team, Inc. Developing 208,000 Square Foot Class A Speculative Industrial Facility in Dillon, South Carolina
Marlboro Development Team, Inc. (MDT) announced the development of a new 208,000 square foot Class A industrial development in the Carolinas I-95 Megasite in Dillon County, SC. Scheduled for delivery in Q3 2021 and located on a 24-acre site within the park, the facility will be designed to accommodate modern logistics, manufacturing and distribution requirements…
Publix Announces Expansion of North Carolina Distribution Center
Publix announced today it will expand its distribution center in Greensboro, North Carolina, to include a dry grocery warehouse, which will add more than 1.2 million square feet of space. In February 2020, Publix broke ground on the distribution center’s first phase, a refrigerated warehouse, currently under construction. The entire distribution center is expected to…
The Evolution of the Warehouse: Trends in Technology, Design, Development and Delivery
The built environment is experiencing an unparalleled automated revolution across all commercial real estate asset classes, according to “The Evolution of the Warehouse: Trends in Technology, Design, Development and Delivery,” a new report published by the NAIOP Research Foundation. The report was authored by Steve Weikal, lecturer, researcher and CRE Tech lead, MIT Real Estate…
Government Facilities
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…
Turning Old in to New In Durham, NC
The new Durham County Administration Building will be the central location for Durham County’s management and administrative functions. Once home to the Durham County Judicial Building (constructed in 1978) the newly renovated structure will house nine county departments, community meeting spaces, a fitness center, TV studio, and two-ground floor retail tenants. The design had to…
Health Care
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…
Robins & Morton Projects Recognized for Excellence in Construction
Associated Builders and Contractors (ABC) announced Robins & Morton as the 2019 National Excellence in Construction Pyramid Award winner for two projects at the 29th Annual Excellence in Construction Gala on March 27 in Long Beach, California. Robins & Morton’s Pyramid Award winners include: AdventHealth Carrollwood: Healthcare, $25 million to $100 million category. Located in…
Hotels / Hospitality
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…
Sustainability in Hotels Explores Growing Emphasis On Green Building Practices in the Hospitality Industry
A new report from the Urban Land Institute (ULI) suggests that sustainable building practices, including those involving energy and water conservation as well as waste reduction, are increasingly being incorporated throughout the hotel sector to add value and provide a competitive edge to properties. Sustainability in Hotels: Opportunities and Trends Shaping the Future of Hospitality assesses the state…
Industrial
Marlboro Development Team, Inc. Developing 208,000 Square Foot Class A Speculative Industrial Facility in Dillon, South Carolina
Marlboro Development Team, Inc. (MDT) announced the development of a new 208,000 square foot Class A industrial development in the Carolinas I-95 Megasite in Dillon County, SC. Scheduled for delivery in Q3 2021 and located on a 24-acre site within the park, the facility will be designed to accommodate modern logistics, manufacturing and distribution requirements…
The Basics of Industrial Refrigeration
The global industrial refrigeration market has shown steady growth over the last few years, and even with COVID-19 disrupting every industry, that growth hasn’t majorly halted. This is due to the fact that industrial refrigeration covers a variety of different machinery and processes. As a result, these are a critical component of several industries, from food processing to…
A M King Begins Construction on Cold Distribution Center for Combs Wholesale Produce in Winston-Salem
Charlotte-based A M King, an Integrated Design-Build firm with offices in Greenville, SC and Chicago, IL, has begun construction of a USDA-certified, greenfield cold distribution facility for Combs Wholesale Produce Company in Winston-Salem, NC. The 40,000-square-foot structure, which will replace the company’s original facility built in 1978, will allow Combs Wholesale Produce to move to…
Mission Critical / Data Centers
New Technology Neighborhood to be Part of CU-ICAR
Home to 21 global businesses, the Clemson University International Center for Automotive Research (CU-ICAR) is expanding its footprint on the 250-acre campus with a new technology neighborhood, Technology Neighborhood III. The first building in the neighborhood will be a multi-tenant 40,000-square-foot high-bay facility supported by $2 million in funding from the U.S. Economic Development Administration…
DC BLOX to Build $200 Million Data Center in Greenville, SC
DC BLOX, a multi-tenant data center provider in the Southeast, today announced plans to establish operations in Greenville County. The new data center will initially bring five new positions to the community – along with an expected, combined investment of over $200 million by DC BLOX and its tenant customers over the next few years….
Lowe’s Chooses NC for Technology Hub
Home improvement retailer Lowe’s is locating a new $153-million global technology center in Charlotte, North Carolina, creating more than 1,600 jobs. “We’re excited to stand up our new global technology center here in North Carolina to continue to drive our company’s growth,” said Marvin R. Ellison, president and chief executive officer of the company based…
Multi-Family Residential
Luxury Senior Housing Developer, Bridgewood, Acquires Land in Charlotte, NC
Bridgewood Property Company (Bridgewood), a national developer of high-end senior living properties, announces the acquisition of 727 E. Morehead in Charlotte, North Carolina with plans underway to construct a luxury senior living community, The Village on Morehead. The community will offer exceptional living options for discerning seniors, proximate to Dilworth, Eastover, and Myers Park neighborhoods, offering…
Groundbreaking at Historic Trenton Mill Lofts in Gastonia Reflects Growth in Revitalizing Downtown Areas
Gastonia, N.C. (October 30, 2020) – Kaufman Lynn Construction broke ground today for the Trenton Mill Lofts, located at 612 West Main Avenue in the heart of Gastonia’s Franklin Urban Sports and Entertainment (FUSE) District. Trenton Mill Lofts will serve the rising number of North Carolinians choosing to live in smaller cities like Gastonia, considered a vital…
Graycliff Capital Adds to Residential Holdings with Acquisition of Lullwater at Riverwood
Greenville, SC – Greenville-based Graycliff Capital Partners, LLC (Graycliff Capital), a leading developer/owner in the multi-family sector,has acquired Lullwater at Riverwood, a well-maintained, Class-A, gated apartment community in Evans, Georgia – voted Money magazine’s No. 1 Best Place to Live in America for 2020. Built in 2015, Lullwater at Riverwood is ideally situated between downtown…
Office Buildings
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,…
NAIOP Releases Commercial Real Estate Industry Sentiment Index
The NAIOP CRE Sentiment Index, based on a survey of real estate practitioners, has dropped below 50 for the first time since its inception; however, because the survey was conducted March 11-25, 2020 as the nation was rapidly reacting to the COVID-19 pandemic, the long-term outlook is better understood as a snapshot of industry sentiment…
A Commercial Real Estate Conundrum: How to Tier Markets?
The commercial real estate industry has long ranked cities and regions into tiers for the purpose of market analysis, based on their investment potential or growth characteristics. However, the lack of a uniform approach and differences in variables – including the rise of certain industries in specific markets, changing rates of growth, and strengths in…
Power / Energy
Duke Energy Unveils Sweeping Clean Energy and Emissions Reduction Plan at Inaugural ESG Day
Duke Energy today announced an extensive expansion of its clean energy and emissions reduction plans to significantly increase the company’s carbon and methane reductions, coal plant retirements and renewable energy generation goals. The sweeping plans were announced at the company’s inaugural environmental, social and governance (ESG) day. The virtual investor event featured Duke Energy’s senior…
U.S. Marine Corps Selects Duke Energy & Ameresco to Implement $41 Million Infrastructure Project at North Carolina Air Station
Ameresco, Inc., (NYSE:AMRC), a leading energy efficiency and renewable energy company, today announced that Naval Facilities Command Mid-Atlantic (NAVFAC MIDLANT) has awarded to Duke Energy and Ameresco’s Federal Solutions group a $41 million utility energy savings contract (UESC) at the United States Marine Corps Air Station (MCAS) Cherry Point. Under a $38 million contract with Duke, Ameresco…
Duke Energy Renewables closes $109.4 million in a preferred tax equity funding from Goldman Sachs
Duke Energy Renewables, a subsidiary of Duke Energy (NYSE: DUK), today announced the closing of $109.4 million in a preferred tax equity funding from Goldman Sachs’ Alternative Energy Investing Group. The investment will be used over 18 months to fund a diverse portfolio of approximately 75 megawatts of solar and solar plus storage projects, which will be developed and constructed by…
Retail / Shopping Centers
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…
DICK’S Sporting Goods Announces the Grand Opening of Two New Concept Stores
DICK’S Sporting Goods (NYSE: DKS), the largest U.S.-based, full-line omni-channel sporting goods retailer, will be expanding its nationwide footprint with the opening of two new concept stores – OVERTIME by DICK’S Sporting Goods and DICK’S Sporting Goods Warehouse. Following the opening of three clearance centers last year in in Utica, MI, Spartanburg, SC and Racine WI, DICK’S is expanding its footprint of outlet…
CBL Properties Announces Redevelopment at Coastal Grand in Myrtle Beach, SC
CBL Properties (NYSE:CBL) today announced redevelopment plans at Coastal Grand in Myrtle Beach, South Carolina. As part of the project, DICK’S Sporting Goods will relocate to a new building near Dillard’s, which will include the addition of Golf Galaxy. Flip N Fly will then open a 53,000-square-foot family entertainment venue in the former DICK’S Sporting…
Roads, Bridges and Highways
Construction Partners, Inc. Completes North Carolina Acquisition
Construction Partners, Inc. (NASDAQ: ROAD) (the “Company”), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across five southeastern states, today announced that it has acquired Riley Paving, Inc., an asphalt and paving contractor based in Carthage, North Carolina. Among other things, the acquisition adds four hot-mix asphalt plants in central North Carolina,…
Tindall Corporation’s Utility Division Provides Precast Bridge for Chestnut Mountain Ranch
“Tindall is a company who has a heart for serving others,” said Steve Finn, Founder and Executive Director of Chestnut Mountain Ranch. “Their team’s leadership is always looking for opportunities to make things better than the way they found them, and we are beyond grateful for their partnership and contributions that support the mission of…
Construction Partners, Inc. to Participate in the Baird 2020 Global Consumer, Technology & Services Conference
Construction Partners, Inc. (NASDAQ: ROAD) (the “Company”), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across five southeastern states, today announced that it will participate in the Baird 2020 Global Consumer, Technology & Services Conference, to be held on June 2 and 3, 2020. Charles E. Owens, the Company’s President and Chief Executive…
Schools (K-12 and Higher Education)
Campus Leaders in Libraries, Student Affairs and Facilities Address Fall Planning
brightspot strategy, which works with colleges to transform their student experience by better connecting their people, places and programs, released collective findings and best practices from 38 public and private, top ranked institutions, that focuses on the specific needs and interests of campus school architects and facility designers, library leaders, and student affairs leaders. “This fall universities…
Clemson University Dedicates Andy Quattlebaum Outdoor Education Center: Use of Cross-Laminated Timber Draws National Attention
As one of two facilities in the country to use southern yellow pine cross-laminated timber, the 16,500-square-foot Andy Quattlebaum Outdoor Education Center at the Snow Family Outdoor Fitness and Wellness Complex will serve as a national model for recreation and leisure space, bringing attention to not only Clemson University but also the state of South…
Furman University Receives Sustainable Business Award
Furman University has received a Sustainable Business Award from the U.S. Green Building Council Carolinas. The announcement was made Dec. 5 during the USGBC Carolinas: Green Gala & Sustainable Business Awards, which was held at the Mint Museum in Charlotte, North Carolina. The award recognizes excellence in high-performance design, environmental stewardship and community impact, and…
Transportation / Ports
AGC Names VP of Congressional Relations for Infrastructure Advancement
Associated General Contractors of America hires Infrastructure-focused former House and Senate Staffer, Murphie Barrett, as its New Vice President of Congressional Relations for Infrastructure Advancement Murphie Barrett, a former congressional staffer who played key roles in crafting several recent infrastructure laws, has joined the Associated General Contractors of America as its new vice president of…
Granite Awarded $15 Million Airfield Improvement Project in North Carolina
Granite (NYSE:GVA) announced today that GWWH, the joint venture team comprised of Granite, Webcor Construction LP, Weeks Marine, Inc., and Healy Tibbitts Builders, Inc. has been awarded a $15 million design build contract by the United States Coast Guard (USCG) for the Recapitalize Airfield Pavements and Airfield Lighting Project in Elizabeth City, North Carolina. Granite’s…
U.S. Transportation Secretary Elaine L. Chao Announces $1.4 Million in Infrastructure Grants to One Airport in North Carolina
U.S. Department of Transportation Secretary Elaine L. Chao today announced that theFederal Aviation Administration(FAA) will award $477 million in airport infrastructure grants, the third allotment of the total $3.18 billion inAirport Improvement Program(AIP) funding for airports across the United States. This significant investment in airport improvements in North Carolina will fund construction and rehabilitation projects…
More Markets
How the Biden Presidency Will Impact Construction
While final vote presidential votes tallies are still being calculated amid legal challenges, leaders of design and construction firms should prepare for how the new Biden presidency will impact the construction industry. From regulations and taxes, to renewable energy, infrastructure spending and immigration, the Biden administration will have a profound impact on the construction industry….
Luxury Senior Housing Developer, Bridgewood, Acquires Land in Charlotte, NC
Bridgewood Property Company (Bridgewood), a national developer of high-end senior living properties, announces the acquisition of 727 E. Morehead in Charlotte, North Carolina with plans underway to construct a luxury senior living community, The Village on Morehead. The community will offer exceptional living options for discerning seniors, proximate to Dilworth, Eastover, and Myers Park neighborhoods, offering…
Marlboro Development Team, Inc. Developing 208,000 Square Foot Class A Speculative Industrial Facility in Dillon, South Carolina
Marlboro Development Team, Inc. (MDT) announced the development of a new 208,000 square foot Class A industrial development in the Carolinas I-95 Megasite in Dillon County, SC. Scheduled for delivery in Q3 2021 and located on a 24-acre site within the park, the facility will be designed to accommodate modern logistics, manufacturing and distribution requirements…
The Basics of Industrial Refrigeration
The global industrial refrigeration market has shown steady growth over the last few years, and even with COVID-19 disrupting every industry, that growth hasn’t majorly halted. This is due to the fact that industrial refrigeration covers a variety of different machinery and processes. As a result, these are a critical component of several industries, from food processing to…
