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…
Graycor Selected as General Contractor for Bosch’s Lincolnton, NC Project
New facility to produce power tools and accessories. Graycor Construction Company has started construction on a new, 325,000-square-foot building for manufacturing, logistics, and warehouse operations in Lincolnton, North Carolina for Bosch, a leading global supplier of technology and services. “Graycor has been a trusted construction partner for Robert Bosch Corporation since the early 2000’s on…
Wolfspeed Hosts the First Stop on the Biden Administration’s ‘Invest in America’ Tour at its Durham HQ
President Biden delivered remarks about initiatives aimed to grow the American economy, such as investing in semiconductor manufacturers like Wolfspeed Today, Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology, hosted the first stop of President Joe Biden’s ‘Invest in America’ tour at the company’s Durham, N.C. headquarters. The President highlighted initiatives designed to boost…
International Race for Lithium Heats Up as Auto Giants Invest in Mining Space
An international scramble for lithium is fully underway, with some of the world’s largest automakers now jockeying for position in the mining space to secure supplies for the battery metal moving forward. The latest to throw its hat in the lithium ring is General Motors Company (NYSE:GM), which announced a $650 million equity investment in Lithium Americas Corp. (NYSE:LAC) (TSX:LAC) in connection…
Albemarle Corporation Announces New U.S. Lithium Mega-Flex Processing Facility in South Carolina
Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced plans to locate its previously announced lithium hydroxide Mega-Flex facility in Chester County, South Carolina. Plans for the facility include an initial investment of at least $1.3 billion to help meet the surging demand for domestic and international electric vehicles…
Cirba Solutions to Build World-Class EV Battery Materials Facility in South Carolina
Cirba Solutions, the most trusted and comprehensive battery materials and management company for end-of-life batteries and gigafactory scrap, announced today a phase I investment of more than $300 million into a world-class, lithium-ion electric vehicle (EV) battery recycling flagship facility in South Carolina. With over 30 years of experience, Cirba Solutions has paved the way for a sustainable…
A M King Wins ABC National Excellence in Construction Award for Mission Produce’s Ripening and Processing Facility
A M King, a leading integrated Design-Build firm with offices in Charlotte, NC, Greenville, SC, and Chicago, IL, was recognized nationally by the Associated Builders and Contractors (ABC) for the company’s exemplary project delivery of a new 275,000-square-foot avocado ripening and processing facility for Mission Produce, Inc. in Laredo, Texas. A M King took second…
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. …
