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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.
Consumers kept money in their pockets, retailers stopped expanding and owners ceased new retail construction for their facilities. In most cases, these malls need significant retail commercial construction upgrades and updates to compete for top-tier retailers. 4) Solid retail connections.
Perhaps the most important aspect in this process will be engaging a national retail commercial contractor for advice and feasibility studies. 1) Don’t be afraid of a big retail construction project. Believe it or not, a lot of shopping center landlords and retail investors are afraid of a shopping mall construction project.
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. This quickly expanding success story has earned the Georgia Department of Economic Development our 2014 Achievement in Cluster Development Award.
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.
Maryland residents may be eligible for a one time excise tax credit, up to $3,000.00, when they purchase or lease a qualifying plug-in electric vehicle through June 30, 2017. 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.
an electronics-focused e-retailer, has announced plans to locate a new warehouse facility in Indianapolis, IN, creating up to 150 new jobs by 2015. The City of Industry, CA-headquartered company will invest $20 million to lease, renovate and equip an order fulfillment facility in Indianapolis. Newegg, Inc.,
New space is often build-to-suit for major retailers and manufacturers, as an estimated 40% of existing U.S. China Sees Long-Lead Lease Renewals: Long-term, increased consumer demand will drive the need for high-quality logistics properties throughout Asia Pacific industrial sectors.
From the January/February 2014 issue. a homegrown Hoosier company, manufactures sports apparel and operates retail stores primarily under the LIDS brand, a familiar mecca for team caps in shopping malls across the U.S. By Jonathan Sanders. Hat World, Inc., Photo: HOLY-CRAFT.COM.). Hat World, Inc., Mike Pence.
Targeting a retail cost of $6,800, the company will position the Elio vehicle as a cost-effective alternative to four-wheeled autos. Industrial developer Stuart Lichter, who has acquired other former GM sites, will buy the 530-acre Shreveport site in conjunction with Elio Motors and lease portions of the site to other tenants.
From the January/February 2014 issue. million in state and local performance-based grants (to assist IBM with facility lease costs, building operating costs; workforce recruitment, relocation and internal training costs; and payroll incentives). Photo: solarsystems-usa.net). By Business Facilities Editorial Staff.
After leasing the U.S. Air Force Research Laboratory for several years, the City purchased the facility in 2014, renamed it, and retained its high security protocols. Build to suit retail/restaurant pads and Class A office development opportunities. More than 2 million square feet of retail and restaurants within 3-mile radius.
From the July/August 2014 issue. New conceptual plans offer two options: as a new Retail District or an Office Park. Retail: Numerous existing retailers in Cape Coral have experienced tremendous annual sales and, in some instances, are the largest grossing stores within their respective chains. By Dominique Cantelme.
From the March/April 2014 issue. One NJ option is a leased facility in Bridgewater; 274 jobs would remain in the state and 550 jobs would be created. Several senior executives as well as finance, accounting, retail operations and other administrative groups are among the 175 jobs to be relocated to the Garden State.
MHC says starts rise in August; housing is mixed; retail remains weak; industrial gains. The outlook for retail construction remains bleak. whose sprawling stores are laden with extra space, is aggressively marketing itself as a place for other retailers to set up shop,” the Wall Street Journal reported on Friday.
From the January/February 2014 issue. Leases range from 5,000 square feet to complete buildings. The Quantico Corporate Center campus, a project of the Silver Companies, is expected to have a total of 1 million square feet of space, including a conference center and retail square footage, to be built in phases. By BF Staff.
From the July/August 2014 issue. Projections show that even just a 15 percent increase in 2014 could generate an additional 1,725 jobs and infuse another $10 million into Illinois’ economy.”. percent are in the manufacturing sector and nearly 20 percent are in the wholesale and retail sectors. By Robert Tilton.
Highlights include the largest industrial spec development lease in the last five years in Broward County. 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. The company $7.2-million
From the July/August 2014 issue. In 2011, Emerson leased 18,000 square feet of space at the Sawgrass International Corporate Park with the option for an additional 9,500 square feet. In May 2014, CoreNet selected the Greater Fort Lauderdale Alliance’s “CEO Council Successful HQ Marketing Plan” as a finalist for the H.
PactSafe , a legal-focused technology company, plans to invest $575,000 to lease and equip a new office in Indianapolis. With more than 30 clients in industries including non-profit, healthcare, construction, education, retail and insurance, WDD software serves an array of businesses ranging from Fortune 500 brands to Indiana-based companies.
From the March/April 2014 issue. In 2013, 459,380 kilowatt (KW) hours were generated by wind farms in Nebraska, a number that is expected to reach 534,380 KW hours in 2014. In January 2014, Texas completed the last segment of the $6.8-billion By Jenny Vickers and Jack Rogers. These three new projects amount to over $1.25
eStockIt.com in Hollywood is an online retailer of restaurant, janitorial and office supplies. The huge $791 million South Runway Expansion Project should be completed and ready for landings and takeoffs in September 2014. of new office space by 2014. Motorola Mobility, Plantation, FL. billion in output and contributed $7.5
From the May/June 2014 issue. Additionally in 2014, the City of Frankfort already has announced the location of two food processing companies to the City. CVS produces “Grab Apples” from locally grown apples that are sliced, packaged and shipped to local schools, retail markets, restaurants and their distributors.
percent in 2014 to $1.45 percent in 2014. percent in 2014 due to stronger shipment volumes and inventory carrying charges that were up 2.1 In 2014, consumers began to drive the economy once again as consumer confidence measures soared,” said Wilson. percent to $80 billion in 2014. percent in 2014.
The primary candidates for this program are businesses that create new wealth for the state and provide new jobs outside of the retail sector. Loan funds may be used to finance real estate, machinery and equipment and for the purchase or leasing of equipment. An unused credit may be carried forward up to seven tax years.
Flex PACE will allow communities the ability to provide assistance to businesses that would not meet the current requirements of PACE, such as: jobs retention, technology creation with no new jobs, retail, smaller tourist businesses and essential community businesses. Land does not qualify for an exemption.
The P3 project is a 50-year agreement between the Maryland Port Administration (MPA) and Ports America Chesapeake to lease and operate the 200-acre Seagirt Marine Terminal. Army Corps of Engineers is expected to issue a final report on the feasibility of the project in April 2014. The project must then be presented to U.S.
Advanced Energy Deduction & Advance Energy Tax Credit: Receipts from selling or leasing tangible personal property or services that are eligible generation plant costs to a person that holds an interest in a qualified generating facility are deductible from gross receipts and compensating tax. TAX INCENTIVES. Certain green industries.
Non-retail service companies that export a substantial% age of services out of state (50% or more revenues and/or customer base). Single Sales Factor: Beginning January 1, 2014, New Mexico will begin phasing in a single sales factor apportionment methodology for corporations whose principal business activity is manufacturing.
exports by the end of 2014. Department store retailer Belk Inc. McCall Farms ships its products to retailers, foodservice and industrial customers throughout the United States. The Burlington facility, operating as Sheetz Distribution Services, will support the company’s growing retail base in Virginia and North Carolina.
From the July/August 2014 issue. To read about the 2014 state rankings, visit this link.). Gilbert is aggressively moving forward with a daring plan to revive two square miles of property with a variety of commercial enterprises, including hotels, casinos and retail stores. By Business Facilities Staff. automotive industry.
ALABAMA - updated for 2014. The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. ALASKA – updated for 2014. A comprehensive guide to state incentives offered throughout the U.S. TAX INCENTIVES.
The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. The increase is to occur in equal increments over a four year period, between 2014 and 2017. percent, between 2014 and 2017. percent down to 4.9 TAX EXEMPTIONS.
In the Bluegrass State, companies announced 92 new-facility or expansion projects since the beginning of 2014, according to the Kentucky Cabinet for Economic Development. The company’s lease of the Hackensack building expired on June 30th, 2017. Build to suit retail/restaurant pads and Class A office development opportunities.
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