NAIOP CRE Sentiment Index: U.S. Commercial Real Estate Outlook is Positive, Bolstered by Confidence in Employment, Debt/Equity Availability
NAIOP, the Commercial Real Estate Development Association, has released the NAIOP CRE Sentiment Index for Spring 2018, a composite of nine survey questions that represents the outlook of commercial real estate developers, owners and investors. NAIOP Sentiment Index The Index of 0.46 indicates that respondents believe, as a group, that overall market conditions 12 months…
Persistent Workforce Shortages Challenge Commercial Construction Industry as U.S. Building Demands Continue to Grow
The Q1 2018 USG Corporation + U.S. Chamber of Commerce Commercial Construction Index (Index), released today, reveals nearly two-thirds of contractors are highly confident that demand for commercial construction will increase over the next year, however, continued concerns around labor shortages have put even greater pressure on the industry. To increase jobsite efficiency and improve…
CarolinaPower wins ABC Carolinas’ Eagle Award for High-Profile Clemson Football Complex
Greer, S.C. — CarolinaPower, a leading electrical contractor based in Upstate S.C., was recently recognized with the 2017 “Best in Class” Excellence in Construction (EIC) Award from the Associated Builders and Contractors (ABC) of the Carolinas. CarolinaPower was singled out for its exemplary work on Clemson University’s new Allen N. Reeves Football Complex which opened…
Corporate Real Estate Managers Embrace Coworking
Coworking, the style of work marked by open shared spaces among workers of different companies and popularized by “solopreneurs” and tech workers, is quickly being embraced by those who manage real estate needs for large corporations. The trend is explored in a new whitepaper, The Evolution of Coworking and Impact on CRE, released by CoreNet Global, the…
SouthCon Building Group Wins ABC Eagle Award for Southern First Bank’s Regional Headquarters
Charleston, SC — SouthCon Building Group, a full-service general contractor based in Mount Pleasant, was recently recognized with the 2017 Excellence in Construction (EIC) Award from the Associated Builders and Contractors (ABC) of the Carolinas. The company was singled out for its distinguished performance in delivering Southern First Bank’s Regional Headquarters facility, a new three-story,…
Corporate Real Estate Managers Embrace Co-working
Co-working, the style of work marked by open shared spaces among workers of different companies and popularized by “solopreneurs” and tech workers, is quickly being embraced by those who manage real estate needs for large corporations. The trend is explored in a new whitepaper, The Evolution of Co-working and Impact on CRE, released by CoreNet…
BOMA Releases New Office Measurement Standard
Building Owners and Managers Association (BOMA) International has released the latest update to its floor measurement standard for office buildings, BOMA 2017 for Office Buildings: Standard Methods of Measurement (ANSI/BOMA Z65.1—2017). This updated publication is designed to reflect changes within the commercial real estate industry since the release of the prior edition of the standard…
Self-Storage New Construction on the Rise in 2017
New construction of self-storage facilities is on the rise, with approximately 900 facilities expected to be constructed in 2017 – a 50% increase on the 600 new projects constructed last year, according to the latest research from CBRE. Dallas is expected to see the most new construction this year, with an estimated 49 projects and…
Commercial Construction Index Forecasts Healthy 2017
Contractors in the U.S. commercial construction industry are optimistic about the current state and forward-looking health of the sector, noting a healthy balance of project backlog and projected growth, which indicates overall strength and confidence in the market. Results from the three leading indicators used to compute the USG + U.S. Chamber of Commerce Commercial…
Tindall Wins ACI Award for Stone Brewery
Spartanburg, SC-based Tindall Corporation was awarded the Virginia American Concrete Institute (ACI) 2016 award for Stone Brewery. Located in Richmond, Virginia, Stone Brewery is a 220,000-square foot facility that produces 600,000 barrels of craft beer per year. By using precast panel construction for the exterior walls, the team was able to erect the steel and…
