Q& A on the Industrial Real Estate Market with Agracel’s Jason Vaughn, P.E.
What is your outlook on the market in the next 12 months? As for the industrial real estate market (IREM), it has performed very well over the past few years and will continue to do so in 2023, just at a slower pace – not quite a tortoise’s pace, but not a hare’s pace either. …
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…
Boom Supersonic Begins Construction on Overture Superfactory
Boom is joined by North Carolina Governor Roy Cooper and Senate Leader Phil Berger at groundbreaking event in Greensboro, NC Boom Supersonic, the company building the world’s fastest airliner, kicked off construction of its Overture Superfactory today in Greensboro, North Carolina. The Overture Superfactory is a state-of-the-art manufacturing facility located on a 62-acre campus at the Piedmont Triad International Airport. This site will…
Lilly Plans to Invest an Additional $450 Million at Research Triangle Park, NC Site
Eli Lilly and Company (NYSE: LLY) today announced plans to invest an additional $450 million and create at least 100 new jobs to expand its manufacturing capacity at the company’s Research Triangle Park facility. The expansion includes additional parenteral filling, device assembly and packaging capacity to support an increased demand for Lilly’s incretin products that treat diabetes. “As we move…
Alcami Builds cGMP Biostorage Facility in North Carolina
Alcami, a leading contract development and manufacturing organization (CDMO), today announced that the build-out is underway of a new 65,000-square-foot cGMP biostorage facility. Located near the RTP corridor in North Carolina, this new facility will leverage Alcami’s Masy division’s industry-leading biostorage systems and processes and feature high levels of redundancy to ensure the protection of customer-owned…
Ziehl-Abegg Invests $100 Million in North Carolina
Ziehl-Abegg, Inc., a manufacturer of commercial ventilation systems, will create 189 new jobs in Forsyth County. The company says it will invest more than $100 million to expand its operations and relocate its North American headquarters to Winston-Salem. “I am delighted to congratulate Ziehl-Abegg on this expansion in Winston-Salem and Forsyth County,” said Governor Cooper….
Saint-Gobain Holds Groundbreaking Ceremony to Begin Construction on $167M Glass Mat Facility in Oxford, North Carolina
Today Saint-Gobain held a groundbreaking ceremony to mark construction toward a new, state-of-the-art glass mat facility at its CertainTeed Roofing campus in Oxford, North Carolina. The investment, now projected at $167 Million with additional funds allocated toward new technology to enhance employee safety and sustainability, marks the company’s largest ever investment in a US roofing…
BMW Invests in Electric Vehicle and Battery Production in South Carolina
The BMW Group continues the roll-out of its electromobility plan with a new investment to expand Plant Spartanburg and the company’s manufacturing footprint in South Carolina. BMW Group Chairman of the Board of Management, Oliver Zipse, announced today a $1.7 billion investment in its United States operations, including $1 billion to prepare for the production of electric…
NC Governor Cooper Announces 131 New Jobs as American Woodmark Expands in Richmond County
American Woodmark Corporation (NASDAQ: AMWD), one of the nation’s largest manufacturers of cabinets, will expand its operations in Hamlet, North Carolina creating 131 jobs in Richmond County, Governor Roy Cooper announced today. “Strong rural communities like Hamlet provide manufacturing companies a great environment for expansion and growth,” said Governor Cooper. “From our skilled workforce to…
Bobcat Company Celebrates Completion of Manufacturing Facility Expansion in Statesville, N.C.
Bobcat Company, a global leader in the compact equipment industry, today celebrated the completion of its Statesville manufacturing facility expansion with a ceremonial ribbon cutting attended by company leaders, employees and community members. The $70 million investment makes the location the company’s largest manufacturing facility in North America and will add hundreds more jobs in…
