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Upscale restaurants will be a growing trend in 2014. We are coming into the final stretch of 2013, a year that has been rather good for the commercial construction industry. This year, I thought I’d take a look at our lengthy, active bid sheet in making 2014commercial construction industry trends and predictions in the coming year.
If you are a player in the retail world, odds are you spent a few days in Las Vegas last month at ICSC’s “ Global Retail Real Estate Convention ” (RECON). It’s always an exciting event for the retail real estate industry. Here are my three takeaways for retail construction trends from RECON 2014: Money is out there.
With 2013 behind us, we wanted to look back at the year that was in the commercial construction industry. Some of the 2013 commercial construction trends we predicted came to pass, some were more significant than we originally thought they would be and others emerged that caught our attention. Not your parents’ mall.
to create better foot-traffic flow and help struggling retailers. Many shopping centers owners have difficulty leasing or keeping consistent retail tenants in certain portions of their shopping mall. More importantly, this demographic concentration would appeal to retailers such as toy stores or a children’s clothing store.
For savvy commercial real estate investors and venture funds, terrific opportunities exist today to purchase and reposition underperforming shopping malls. Consumers kept money in their pockets, retailers stopped expanding and owners ceased new retail construction for their facilities. 4) Solid retail connections.
When I look back on 2014, I’m kind of sad to see it go. While it was a good year for commercial general construction, it was by no means a record setting year. These are the three most important commercial construction trends I will take from the commercial construction industry in 2014. Rekindling relationships.
As the economy improves and prices hit bottom, these transactions have become more realistic for commercial real estate investors when compared to past years. Perhaps the most important aspect in this process will be engaging a national retailcommercial contractor for advice and feasibility studies.
Writing our annual “Highs and Lows” commercial construction blog post was a bit more difficult this year because, on the whole, 2015 was pretty great for Englewood Construction and many others in the construction industry. Yet despite all its positives, 2015 wasn’t without its commercial construction challenges.
I tell you this because I think it’s a great example of how the commercial construction industry can stay relevant and keep current, despite the fact that there is very little innovation in the construction process itself. Or how often do you visit their websites to see what they consider the latest retail and shopping mall news?
Healthy fundamentals in the commercial property market combined with the international economy returning to more traditional growth levels are factoring into a projected increase in growth for the design and construction industry. Body Image: read more.
Bill Di Santo, president of Englewood Construction (second from right), and the Englewood accounting team receiving recognition from the Chicago Chapter of the Construction Financial Management Association (CFMA) for participating in their 2014 Accounting Intern Program. Unfortunately, that time has not come yet. million jobs.
real estate recovery is set to continue into 2014, with investors increasingly looking beyond some of the traditionally popular markets to secondary markets in search of higher yields, according to Emerging Trends in Real Estate® 2014 , co-published by PwC US and the Urban Land Institute (ULI). Posted by Heidi Schwartz .
From the March/April 2014 issue. The focus of our 2014 Economic Development Awards is Achievement. Without further ado, here are the winners of our 2014 Economic Development Awards. By Business Facilities Editorial Staff. ACHIEVEMENT IN TARGETED INCENTIVES. Funds are to be used for business development activities.
Green Building Council released its annual List of the top 10 states for LEED certification in 2014. In 2014, LEED for Existing Building Operations and Maintenance was once again the most popular rating system within the top 10 states, with existing buildings representing 48% of the total square footage certified. Washington, D.C.,
Commercial Real Estate market are reaching new heights since financial giants fell more than five years ago, according to a survey conducted by Akerman LLP, a U.S. Capital availability from a wide range of equity sources also is expected to improve in 2014, with increased activity by institutional forces. Posted by Heidi Schwartz.
Green Building Council is about to announce that there are more than 3 Billion square feet of LEED certified commercial and institutional building. Billion square feet” of building space was certified as of January 1, 2014. Billion square feet had been LEED certified, buried in a February 18, 2014 press release.
From the July/August 2014 issue. To read about the 2014 state rankings, visit this link.). Mobile landed a crown jewel of the commercial aircraft sector with Airbus’ decision to put its A320 final assembly line in the city. By Business Facilities Staff. Austin, TX: On Top, Still Rising.
Commercial real estate investments are expected to produce generally solid returns in 2014, according to the authors of Expectations & Market Realities in Real Estate 2014—The Future Unfolds , an annual forecast report released by Real Estate Research Corporation (RERC), Deloitte, and the National Association of REALTORS® (NAR).
But any shock at Jerry’s new job is resoundingly suppressed when you hear him say that with more than four and a half million commercial buildings in the U.S., Touting his motto, “It is green building for practical people” Jerry sees the larger growth opportunity in the private sector, from retail to healthcare.
The latest, Pittsburgh native Jon Davis, CEO of The Davis Companies, paid $14 million in 2014 with the intention of revitalizing it into an amenities-rich commercial center. This 11-story Flemish-Gothic–style building has had several owners.
million square feet per day average in 2014. Commercial Interiors. Retail - Commercial Interiors. Retail - New Construction. While that is a very large number, it is the lightest month this year and on an annualized basis, Green Business Certification, Inc., is certifying more than 1.8 Rating System. 16 million.
Regency Centers Corporation, a publicly traded REIT, completed the sale of $250 million of “green building bonds” on May 14, 2014. With 332 retail properties, the REIT''s portfolio encompasses over 43.9 ” Only days before the green building bond sale, on May 12, 2014, Regency was honored by the U.S.
They have collected data from years 2014-2021 and have determined that there is an average of 60 vehicle/building impacts daily, 500 deaths annually, and 4,000 injuries each year. The top impacted storefronts are retail stores – 29%, commercial buildings – 20%, restaurants – 19%, and the remaining 32% includes “other” buildings.
WASHINGTON, D.C. -- Healthy fundamentals in the commercial property market combined with the international economy returning to more traditional growth levels are factoring into a projected increase in growth for the design and construction industry. percent increase in 2014, with next year’s projections raised to 8 percent.
The rebate is 50% of the purchase and installation price capped for residential at $900, commercial at $5,000, and for retail service stations at $7,500. The EVSE rebate program is for systems installed before June 30, 2017, but rebates are issued on a first-come, first-served basis.
As business and political leaders convene to discuss global challenges at the World Economic Forum annual meeting in Davos, Switzerland, there is a greater appreciation for the importance of real estate in reshaping cities and, therefore, the world’s commercial geography. Far West U.S. - Mid Atlantic U.S. -
Cassidy Turley , a commercial real estate services provider in the U.S., economic data and the outlook for the economy and commercial real estate. Highlights on the commercial real estate sector include: Office: The office sector is evolving. E-commerce sales currently comprise just under 6% of total retail sales.
High demand for hotels and retail projects have the commercial sector pacing what projects to be a rise in spending this year for nonresidential construction projects of 5.0% – up from a projection of a 4.4% increase of spending in 2014. . – Growing at a faster rate than the overall U.S. increase in the July 2012 forecast.
Among its most notable findings, the report indicates 2014 construction spending will finish the year 5.4 Further, most major nonresidential markets, including education, healthcare, commercialretail, office and manufacturing, along with residential construction will all realize much-needed spending increases in 2015.
Consider, for example, this posting describing 2015 Commercial Construction Highs and Lows. Low – Retail’s Continued Slump. The retail construction sector was one of our “lows” in our 2014 “Highs and Lows” blog post, and unfortunately it made the list again this year. High – A Banner Year for Englewood Construction.
Branding is one of the most important aspects of any business, large or small, construction or retail. Her previous work experience was for a technology startup where she wore many hats from event planning and commercial production to marketing and brand management. Use unique catchy phrases, fonts, colors and taglines. Entrepreneur.
The organization is comprised of businesses operating in Texas that are focused on retail and wholesale electric market opportunities. Southwest Blog-July-2014 Solar Energy Solar Power TSPA' The founding board members of TSPA are E.ON, First Solar, Recurrent Energy and SunPower Corporation, all of which have operations in Texas.
Targeting a retail cost of $6,800, the company will position the Elio vehicle as a cost-effective alternative to four-wheeled autos. Elio Motors Inc. plans to create 1,500 new direct jobs by late 2015 paying an average annual salary of $47,700, plus benefits, as well as make a capital investment in excess of $100 million.
Amerlux is a manufacturer of energy efficient interior and exterior lighting for the retail, supermarket and commercial markets. Southwest Blog-Feb-2014 manufacturing Oakland Pearland' Mid Atlantic U.S.
Plumbing Commercial Plumbing. As employment growth accelerates and housing markets improve in 2014, expectations are for stronger growth of home improvement sales averaging 5.9% in 2014-2015 with a slight deceleration in the following two years as the housing market cycle runs its course. Username or e-mail: *. Password: *.
See, for example, Kendall Jones’ posting about five commercial construction trends for 2015. 2015 should be another year of positive growth for the commercial construction industry. billion through November 2014 which was 5.7% His first observation sets an optimistic tone: Improved Growth.
Over $100 million in investments are expected to be made by concerns adjacent to the arena, which could generate over 1,000 new jobs, new retail and significant quality of life enhancements. That research supports the trade shows and targeted retail and hospitality efforts of the city. The company $7.2-million million paint shop.
percent in 2014, 2.8 percent in 2012, retail sales will grow at an average pace of 3.7 This is due in part to the fact that economic recovery in Florida is feeding into retail sales. Rick Scott signed a bill into law that will eliminate sales tax on the purchase of manufacturing equipment starting April 30, 2014.
Overall, the new Global Investor Sentiment Survey found optimism about the economic outlook for 2014, and with this increased confidence, many investors are planning to expand, especially in “safe haven” cities around the world. a shortage of commercial property is driving investor confidence. In the U.S. and the U.K.,
From the May/June 2014 issue. MF: The program is open to virtually all business expansions with the exception of retail and retention projects. They are commercializing technology that comes from a spinoff from the FRIB, the Facility for Rare Isotope Beams, at Michigan State University. By the Business Facilities Staff.
Air Force Research Laboratory for several years, the City purchased the facility in 2014, renamed it, and retained its high security protocols. Vistancia Commercial Core: 320-acres in the affluent, growing community of Vistancia. Zoned mixed-use/commercial. Zoned mixed-use/commercial. After leasing the U.S.
ALABAMA - updated for 2014. Alabama Economic Development Loan Program: The state has more than 2,300 commercial lending sources with assets of over $61.3 The Alabama Economic Development Loan Program is used to work with commercial lenders for projects in non-entitlement communities. ALASKA – updated for 2014.
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