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The Impact of ASC 842 – The New Lease Standard Is Here. It is time for contractors to get serious about the new accounting lease standard. It is time for contractors to get serious about the FASB ASU 2016?02 02 ASC 842 Leases, the new lease accounting standard issued by the Financial Accounting Standards Board (FASB).
The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index showed a 12 percent increase in new-business volume in August compared to August 2015. Volume as $7.7 billion, up 10 percent from July.
In 2016, Vermont enacted House Bill 868 that provides for the enforcement of transactions using “blockchain technology” by providing a presumption of admissibility in a judicial challenge, A digital record electronically registered in a blockchain, if accompanied by a declaration that meets the requirements of subdivision (1) of this subsection [.
There’s no doubt that local businesses will have much to celebrate if on October 2, 2009, Chicago wins the 2016 Summer Olympics bid. I do not anticipate new restaurateurs signing long-term leases for a two-week event. But just how would Chicago hosting the Olympics affect the city’s restaurant and retail construction activity ?
The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) , which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for March was $8.9 Volume was up 51 percent month-to-month from $5.9
The Equipment Leasing and Finance Association’s ( ELFA ) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for June was $9.8 Volume was up 27 percent month-to-month from $7.7
The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) , which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for July was $7.9 Volume was down 19 percent month-to-month from $9.8
The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) , which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for March was $8.9 Volume was up 51 percent month-to-month from $5.9
The Equipment Leasing and Finance Association (ELFA) released its February Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) that shows confidence in the equipment financing sector dropped from January's 54.0 February 2016 Survey Results : Business conditions over the next four months: index to February's 48.3.
Caelus Energy Alaska Smith Bay LLC announced Tuesday it has made a significant light oil discovery on its Smith Bay state leases on the North Slope of Alaska. Based on two wells drilled in early 2016 and 126 square miles of existing 3D seismic, Caelus estimates the oil in place under the current leasehold to be 6 billion barrels.
a homeowner with leased photovoltaic panels on their roof) in southern Nevada by approximately $623 per year, having the effect of increasing electricity costs for the many (including disproportionately, the poor). Net metering programs that exist today are a regressive income redistribution in support of a greater political goal.
States have been actively making the necessary changes in law since 2016. Interestingly, it may well be leasing that will elevate blockchain in the real estate marketplace ahead of deeds because most leasing transactions do not require involvement of a statutorily mandated government registrar.
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.
Equipment leasing and financing provide the source of funding for a majority of U.S. "Equipment acquisition is critical in driving the supply chains across all U.S. manufacturing and service sectors. businesses to acquire the productive assets they need to operate and grow," says Petta.
Since 2016, Google has leased the seven-story, 750-foot-long hangar where, in 1943, Howard Hughes housed his all-wood-body Hercules IV airplane, the “Spruce Goose.”.
And for projects registered since October 31, 2016 that means the LEED v4 ID+C: CI rating system. CI v4 MRc1: Long Term Commitment can be achieved simply by signing a 10 year or longer lease. Less than 170,000 new commercial buildings were constructed in the U.S. million existing buildings, being over 87.4
The Equipment Leasing and Finance Association (ELFA) announced that President and CEO William G. 1, 2016.' Sutton, CAE, will retire at the end of 2015. ELFA’s executive committee and board of directors have voted unanimously to name Chief Operating Officer Ralph Petta as its new president and CEO, effective Jan.
The change is significant for buildings pursuing LEED or Green Globes certification, for buildings with GSA or other government space leases tied to an ENERGY STAR score of 75, for buildings in cities with mandatory benchmarking, and for the more than 450,000 commercial properties that have an ENERGY STAR score. You have 75 days to act.
The Equipment Leasing & Finance Foundation (the Foundation) released the December 2016 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) today and reports a 12.9 percent increase from November's index of 54.6
The Equipment Leasing & Finance Foundation (the Foundation) released the December 2016 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) today and reports a 23.6 percent increase from November's index of 54.6
However, as I wrote in this blog on July 24, 2016, HUD Jumpstarted Financing For Homes , reversing their previous position and now widely allowing residential PACE loans on top of FHA and VA loans (but still not on top of Fannie Mae and Freddie Mac loans).
However, as I wrote in this blog on July 24, 2016, HUD Jumpstarted Financing For Homes , reversing their previous position and now widely allowing residential PACE loans. It is clear that in 2016 there will be more of them across Maryland including hopefully in Baltimore and ideally across America.
The European Union has gone in another direction with the 2016 General Data Protection Regulation , applicable as of May 2018, updating and modernizing the principles enshrined in the 1995 Data Protection Directive which guarantee individual privacy rights in one’s personal data including “the right to be forgotten.”
The Montgomery County program, hoping to close it first transaction in first quarter 2016, is among the most progressive in the nation when it makes easy for all lenders (including those brought to the table by borrowers) to participate and is not charging administrative fees (above that charged by the contracted program administrator).
Pence joined GEICO Chairman Tony Nicely to announce the company’s plans to locate a customer service center in the Indianapolis metropolitan area, creating up to 1,200 new jobs by 2016. The Washington, DC-based auto insurer will invest millions of dollars to lease, renovate and equip 109,000 square feet of space in the area.
The Dow Jones Industrial Average dropped more than 1,400 points in just the first two weeks of 2016, but that volatility appears to be avoiding the commercial real estate industry, especially when it comes to cross-border investment in the United States, according to JLL’s U.S. Investment Outlook. Some key takeaways: $11.2
Opening in late fall 2016, the project will create more than 100 new jobs. Amazon to lease facility in Bethpage as distribution center. Textile firm leases large distribution building on I-20 in southern Dallas. The RoomPlace is based in Lombard, IL. ” . Related articles across the web.
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.
The company plans to hire 150-180 employees by the end of 2016 and another 350 within five years for more than 500 new jobs to the area. eBay May Build Reno Data Center Beside Leased Space at Switch SuperNap. Jet.com launched nationally in July 2015 with the promise to be the smartest way to shop and save on pretty much anything.
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. “The
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.
I was eventually hired by Draper and Kramer in 2016 to be part of the redevelopment team for a development project in downtown Wheaton. I was absolutely thrilled for the opportunity because I knew it would expose me to yet another side of the real estate industry. What has been your greatest career accomplishment so far?
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.
which for the first time requires “for individual leased, rented, or other tenant or subtenant space within any building totaling in excess of 50,000 ft2 (5000 m2), separate submeters shall be provided.”. There are some modest changes and some that are idiosyncratic like sec 601.3.2.1.j,
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.
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.
which for the first time requires “for individual leased, rented, or other tenant or subtenant space within any building totaling in excess of 50,000 ft2 (5000 m2), separate submeters shall be provided.”. There are some modest changes and some that are idiosyncratic like sec 601.3.2.1.j,
UL Lafayette is providing a 10-year land lease that will include a $600,000 in-kind contribution by the university for the first five years of the project, matched by a $400,000 performance-based state grant to the company over the sixth through 10th years of the lease. “UL
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).
By the BF Staff From the March/April 2016 Issue. The National Retail Federation (NRF)—the nation’s largest retail trade group—recently released its 2016 economic forecast. Cape Coral is positioned for strong commercial growth in 2016 and beyond. percent this year,4 percent higher than the 10-year average of 2.7
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. Credit: Louisiana Economic Development).
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
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.
The company expects to break ground on the new facility by the end of this year and begin tire production by 2016. 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).
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