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Commercial Real Estate To See Moderate Growth In 2016 originally appeared on Business Facilities - Economic Development, Site Selection & Workforce Solutions. s 2016 Global Real Estate Market Outlook. s 2016 Global Real Estate Market Outlook. CBRE expects 2016 to be a year of volatile markets but steady economic growth.
The company will lease 210,000 square feet at Tampa Regional Industrial Park and the facility is scheduled to open in late 2018. Advanced Airfoil Components will hire workers for a range of skilled positions, including technical engineers, manufacturing technicians and production workers.
will expand its manufacturing capacity by leasing a 115,000-square-foot food grade manufacturing plant in Wheeling, IL. We expect the site to be fully operational in the second half of 2016 and to employ as many as 125 new workers over the next 12 months.”. Richelieu Foods Inc. and Canada.
million facility, a CGI Onshore IT Services Center of Excellence, will be home to 400 high-quality IT jobs at full employment. CGI’s arrival in Louisiana has helped elevate our state’s status as a leading destination for knowledge-based employers and the creative professionals who help them thrive,” said Governor John Bel Edwards.
Opening in late fall 2016, the project will create more than 100 new jobs. “Through our rapid, continual growth, we are excited to not only bring new employment opportunities, but also to be a part of the revitalization of the Indy East Side.” Amazon to lease facility in Bethpage as distribution center.
The College of Business Administration’s new home, a 140,000-square-foot building that opened in fall 2016, has more space and special features like financial trading rooms, a stock ticker and areas for professional development. Entrematic currently has a 400,000-square-foot facility in Lawrence that opened in 1989.
What’s more, Arizona offers a robust portfolio of programs and resources supporting both large and emerging tech employers. After leasing the U.S. In 2016, U.S. Peoria has an abundant, educated workforce within a 30 minute drive from most major employment centers in the Phoenix metropolitan area. City of Peoria).
Kubota Tractor Corporation plans to purchase 203 acres near its current leased facility in Edgerton, KS, where it will establish its North American Distribution Center (NADC). In late 2016, the company announced the 617,000-square-foot expansion of its National Distribution Center (NDC) in Jefferson, GA. customer base.
million to construct and equip a 150,000 square-foot office to house its headquarter operations at the Creekside Corporate Park in Zionsville, as well as lease more than 600,000 square feet of additional warehouse space in Indianapolis. Hat World, Inc. million to renovate and equip its current 1,100 square-foot laboratory in Bloomington.
The geographic boundaries have been extended, and capital investment and employment eligibility requirements have been reduced. The QRT program is successful because it works with employers, workforce boards, colleges and school districts to find the best situation to provide training for new employees. The company will invest $2.28
By the BF Staff From the March/April 2016 Issue. Available sites include two rail-served sites, business parks, and available buildings for sale or lease. In 2016, Southeast Community College will open a York Regional Learning Center focused on business and industry training. All sites are within five miles of Interstate 80.
Whenever we hear about a major employer expanding or relocating to Texas, it affirms what we’ve been telling people all these years,” Gov. The company extended its lease in Greenway Plaza in March of 2013. He has agreed to do so through the 2016 Annual Meeting of Stockholders. million in capital investment. Perry said.
The company expects to break ground on the new facility by the end of this year and begin tire production by 2016. Deal said the Innovation Center is “is exactly the kind of employer we want in the state.” The studio currently is in talks with more than 600 potential vendors interested in locating in the complex.
percent in 2016, was down 0.8 of Labor BLS, noted that New England’s unemployment rate was measurably lower than the national average in 2016—Maine’s unemployment rate was 3.9 percent in December 2016, marking the sixth consecutive month the rate had declined. percent the same time in 2016. percentage points to 4.9
Infrastructure and a workforce that specializes in industrial sector employment are two areas where many competing locals around the nation fall short when compared to Southwest Louisiana. Generally these sites are leased. The public will build to suit and issue bonds for buildings and lease them back to the business.
By the BF Staff From the March/April 2016 Issue. The retail sector in the United States includes well over three million retail establishments and according to a report conducted by PricewaterhouseCoopers LLP, it is the largest private-sector employer in the U.S., supporting one out of every four jobs. CAPE CORAL: PRIMED FOR RETAILERS.
As part of the agreement, Wayfair must enter into a minimum seven-year lease and invest in new personal property with an appraised value of $1 million by April 30. Liz Graham, vice president of sales and service for Wayfair, told theeagle.com that the call center is designed to keep pace with the company’s growing customer base.
Determine, a global provider of cloud-based contract lifecycle management, will invest over $720,000 to lease and equip a 9,000-square-foot office in Carmel, which will officially become Determine’s global headquarters. million in revenue in the third quarter of fiscal year 2016. Determine Inc.
While VEESAG does not lease wet lab space at CCIT, company founder Raj Sadhu points to numerous CCIT resources that have helped him grow his company — particularly the advice he is able seek from professionals on a wide variety of topics, and synergetic environment that the incubator offers. Advaxis currently employs more than 45 people.
Two of the leading employers, UPMC and West Penn Allegheny Health System, together account for more than 50,000 jobs. Little Rock, AR is a center for several major employers in a variety of industries including healthcare, service, government and agriculture. A burgeoning health care industry drives the regional economy in Pittsburgh.
A rendering of CSC’s next-generation IT center at the National Cyber Research Park in Bossier City, Louisiana, where 800 technology professionals will work after the technology and data center opens in 2016. Also attractive to CSC were the state and region’s multiyear preparation to attract major technology employers.
This move significantly expands the company’s presence in the state, bringing total Caterpillar employment in Southern Arizona to nearly 1,000. In the short term, Caterpillar will lease approximately 40,000 square feet at 97 East Congress, with renovation planned to meet the unique needs of the Caterpillar business.
In May 2016, Novavax signed a lease for approximately 150,000 square feet of facility space located at 1201 Clopper Road in Gaithersburg. Novavax has initiated more than 20 clinical trials targeting infectious diseases, including respiratory syncytial virus (RSV), seasonal influenza, pandemic influenza and Ebola virus (EBOV).
MISO will invest $30 million in its Carmel campus, including costs for construction, new technology and leasing to reconfigure its 133,409-square-foot facility to increase the efficiency of its operations. Midcontinent Independent System Operator (MISO) Inc.,
Loan funds may be used to finance real estate, machinery and equipment and for the purchase or leasing of equipment. Total credits are limited to $2 million in any per calendar year for 2013-2015 and $500,000 per calendar year for 2016 and 2017. The term of the loan will vary depending on the loan purpose with a maximum of 15 years.
Following the recent closure of $3,200,000 in venture funding, ChartSpan has signed a lease for nearly 100,000 square feet of office space. The company will run its clinical support operations from the new location, making ChartSpan one of the largest employers in the downtown area. ChartSpan Medical Technologies, Inc.
Loan funds may be used to finance real estate, machinery and equipment and for the purchase or leasing of equipment. A project located on property leased from a government entity qualifies for an exemption for up to five additional years upon annual application by the project operator. Land does not qualify for an exemption.
“This building offered a unique opportunity to build for a young, professional demographic and the employers who seek out and hire these employees,” said Curt Kremer, Managing Principal – Equity Ventures, EverWest Real Estate Partners. “Oscar’s lease brings that vision full circle.
By the BF Staff From the March/April 2016 Issue. Last year, childcare learning center Kiddie Academy signed a lease to occupy a portion of the complex’s retail space. Current plans are for the new site to be operational in the 4th quarter of 2016. Bank, FedEx and Chase Bank.
Paul, MN-based Securian Financial Group, will lease four floors of a new 137,000-square-foot, five-story facility in Carmel’s emerging Midtown district. The company, which is a subsidiary of the St. The facility will also include a mixed-use space on the building’s first floor with a total project investment of $32.9
By the BF Staff From the March/April 2016 Issue. A fter several years of job losses, aerospace and defense sector employment is expected to grow in 2016 by more than 39,000 jobs in the U.S., This reverses a five-year trend that resulted in employment decreases of 9.4 according to Deloitte’s new U.S. Credit: One Acadiana).
By the BF Staff From the January/February 2016 Issue. is one of the nation’s leading operators of general acute care hospitals and one of Tennessee’s largest employers. The organization’s affiliates own, operate or lease 199 hospitals in 29 states with approximately 30,000 licensed beds. Source: georgia.org).
From the September/October 2016 Issue. employment growth. Just recently, BNA was ranked the 9th Best Domestic Airport by Travel + Leisure as part of its World’s Best Awards 2016 and was included in Lonely Planet Travel News’ “World’s Top Eight Airports Where Getting Stuck for A Long Layover Can Be A Bonus.”. By the BF Staff.
For FY16 (July 1, 2015 through June 30, 2016) EDD has received an appropriation of $50 million in LEDA CO. High Wage Jobs Tax Credit: A taxpayer who is an eligible employer may apply for and receive a tax credit for each new high-wage economic-base job. Qualified employers: . Qualified employers can take the credit for 4 years.
By the BF Staff From the January/February 2016 Issue. However, analysts say higher interest rates and a glut of cars coming off leases (which will crowd used-car lots with late-model vehicles available at discounts) could act as a damper on new-car sales. In all, automakers sold 17.5 million cars and light trucks in the U.S.
High Wage Jobs Tax Credit: A taxpayer who is an eligible employer may apply for and receive a tax credit for each new high-wage economic-base job. Qualified employers can take the credit for four years. Are growing with employment greater than the previous year. Are growing with employment greater than the previous year.
By Ed Felton From the March/April 2016 Issue. LIMA is serviced by both Southwest and American Airlines and just recently National Airlines announced it will start flying to Puerto Rico in June of 2016. Just next door to Long Island MacArthur Airport is our Foreign Trade Zone (FTZ).
And what appears to be the early signs of recovery for commercial building may well end up being deferred by rising investor concern about employment growth and the near term prospects for the U.S. Single-family housing continues to see homebuyer demand restrained by the sluggish economic environment and more restrictive lending standards.
PactSafe , a legal-focused technology company, plans to invest $575,000 to lease and equip a new office in Indianapolis. Firms like PactSafe and WDD Systems can expand their operations and their services anywhere, but they are committing to Indiana because the benefits of doing business in a state that works are clear.”.
By Dominique Cantelme From the May/June 2016 Issue. To meet demand, rails increased capacity with 1,300 new and rebuilt locomotives; 3,800 freight car purchases; and 700 new leased freight carts. T he Council of Supply Chain Management Professionals’ (CSCMP) released its 26th Annual State of Logistics (SoL) Report® in June 2015.
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. The expansion made room for 20 new employees, which brought its total employment in Sunrise to more than 70. The M-1 Rail line is expected to open mid-2016.
Our competencies include expertise in construction materials , development of modern living spaces , and leasing state-of-the-art commercial real estate. Consequent upon the demerger of AAC Block Division of Mohit Industries Limited effective from March 16, 2016, the AAC Block business is being conducted by Bigbloc Construction Limited.
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. PortMiami contributes approximately $28 billion annually to the South Florida economy and helps provide direct and indirect employment for more than 207,000.
The federal Bureau of Land Management, which has subsurface mineral rights for much of the Monterey shale field, in December sold about 15 leases for thousands of acres of potential shale development in California. Barstow is where an eclectic mix of railroad, military, high technology, and mining employers have located.
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