Lovett Industrial breaks ground on a 21-acre, 282,000 Square Foot Industrial Business Park in Charlotte, NC
Lovett Industrial, the Houston-based real estate investment firm, recently broke ground on Orr Road Business Center, an urban infill 21.7-acre development consisting of 282,000 square feet spread across two Class A industrial buildings in the North Graham submarket of Charlotte, NC. Located on Orr Rd, just northeast of Downtown Charlotte, and within 1.5 miles of…
Toyota Charges Up Investment and Jobs in U.S. Manufacturing
Toyota will prepare for assembly of an all-new, three row battery electric SUV in the U.S. as part of a new $1.4 billion investment in its Princeton facility, affirming Toyota’s commitment to reinvesting profits in its U.S. operations and bringing total investment in Toyota Indiana to $8 billion. This also brings the addition of up to 340 new, high-quality jobs…
NC Governor Cooper Announces 157 New Jobs as Innovative Construction Group Selects Chatham County
Innovative Construction Group, LLC, an off-site construction services company serving developers, general contractors, and professional builders, expects to establish a new manufacturing facility in Chatham County and the Town of Siler City. The company plans to make a capital investment of approximately $39.8 million which will create, they believe, as many as 157 jobs over…
FUJIFILM Diosynth Biotechnologies Expands Holly Springs Facility to Create One of the Largest End-to-End Cell Culture Facilities in the World
FUJIFILM Diosynth Biotechnologies North Carolina, Inc. will expand its biopharmaceutical manufacturing facility in Wake County, adding 680 jobs and investing $1.2 billion in the Town of Holly Springs, Governor Cooper announced today. In 2021, the company announced that it would construct one of North America’s largest end-to-end biopharmaceutical manufacturing facilities in Holly Springs, creating over…
e-VAC Magnetics Receives Historic $111.9 Million Qualifying Advanced Energy Project Tax Credit for Construction of First U.S. Manufacturing Facility in South Carolina
e-VAC Magnetics (“e-VAC” or the “Company”), a leading manufacturer of rare earth permanent magnets in the Western Hemisphere, today announced that it has been awarded a $111.9 million Qualifying Advanced Energy Project Tax Credit (“Section 48c”) to advance the construction of its first U.S. manufacturing facility in Sumter, South Carolina. The facility was one of more than 100 projects…
Forza X1, Inc. Updates Construction Progress on North Carolina Facility
Forza X1, Inc. (Nasdaq:FRZA) (“Forza,” the “Company”), a developer of electric sport boats aimed at promoting sustainable recreational boating, announced today most of the concrete for the 60,000 square foot floor has been poured and crews are scheduled to start setting steel this week at the site of the Company’s state-of-the-art manufacturing facility located on…
ISPE Announces 2024 Facility of the Year Awards Submission Finalists
Two North Carolina Projects names finalist for the 2024 Facility of the Year Awards (FOYA). The International Society of Pharmaceutical Engineering (ISPE) is pleased to announce the 2024 Facility of the Year Awards (FOYA) submission finalists that met the rigorous qualifications and requirements of the FOYA program. FOYA is the premier global awards program recognizing innovation and…
The Construction Users Roundtable Announces its 2023 Construction Industry Project Excellence Award Winners
The Construction Users Roundtable (CURT) announced its seventh annual Construction Industry Project Excellence (CIPE) Awards and called upon the industry to continue its progress in promoting construction productivity across the globe. CURT is committed to giving significant national and international recognition to companies and organizations that excel in productivity on capital projects. CURT is an…
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…
