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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).
And for projects registered since October 31, 2016 that means the LEED v4 ID+C: CI rating system. We reviewed the Green Loop Headquarters, an office, awarded Gold v4 only 10 days ago that is only 846 square feet. CI v4 MRc1: Long Term Commitment can be achieved simply by signing a 10 year or longer lease.
Actually, the first deed in In California, was apparently recorded by Propy on a blockchain transaction in May and the San Francisco Recording office holds a deed containing blockchain information (. States have been actively making the necessary changes in law since 2016. so maybe not a pure blockchain transaction).
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.
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.”.
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 Equipment Leasing and Finance Association (ELFA) announced that President and CEO William G. 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. 1, 2016.' Sutton, CAE, will retire at the end of 2015.
Rick Perry, the GEICO Gecko and Tara Carthew, General Manager of Geico Houston Office. We’re excited about expanding our claims operations with our new Katy office,” Nicely said. “We with more 29,000 employees in 14 major offices around the country. The company extended its lease in Greenway Plaza in March of 2013.
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. Foreign Investment Boosts Office Market. percent ($25.9
For example, I recently finished up a $10 million redevelopment project that included building a new management office and three new amenity spaces, renovating hallways throughout the property and making significant mechanical upgrades. What sparked your interest in the construction industry? What do you love most about your job?
Opening in late fall 2016, the project will create more than 100 new jobs. Founder and Chief Executive Officer Sidney Eskenazi brokered the deal with The RoomPlace as part of a larger partnership between the two companies. Amazon to lease facility in Bethpage as distribution center. The RoomPlace is based in Lombard, IL.
Certain types of businesses are excluded from the program, including retail and wholesale businesses; restaurants and hospitality; professional practices like law firms and medical offices; and energy production and distribution companies. Texas Governor’s Office. Any other fuel that is produced from a renewable or sustainable source.
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. Engineering Hall offers 108,000 square feet of instructional, research and office space.
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 addition to the logistics facilities, Kubota also plans to establish a fifth operational division and sales office in Edgerton. customer base.
The company expects to break ground on the new facility by the end of this year and begin tire production by 2016. “Locating this Innovation Center in [the Atlanta area] makes good business sense because we can draw from a deep pool of local talent,” said Randy Mott, GM’s chief information officer.
After leasing the U.S. In 2016, U.S. Mesa has invested significantly in infrastructure, especially in dark and lit fiber and underground conduit well-suited to technology companies needing robust connectivity such as Apple’s new global command center and Santander Consumer USA’s back-office operation. PEORIA: THE SMART CHOICE.
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. chief executive officer of AB BioTechnologies. Hat World, Inc. Jeff Schwegman, Ph.D.,
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.
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
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
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. Jet will be commencing its build out that will double the size of its corporate offices by an additional 40,000 square feet, for a total of 80,000 square feet. We have an innovative, tech-focused office that is helping lead the Hoboken tech community. Bank, FedEx and Chase Bank.
The New York State Energy Research and Development Authority (NYSERDA) has made $36 million available through two new initiatives that aim to increase the energy efficiency of New York’s commercial buildings — including office towers, universities, hospitals and retail stores — which are some of the state’s biggest energy users.
The region’s large, skilled workforce, high quality of life and pro-business climate and creative office space options like The Circuit were attractive draws for the company. “Oscar’s lease brings that vision full circle. The Circuit is EverWest Real Estate Partners’ newest adaptive re-use project.
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. ChartSpan Medical Technologies, Inc. will bring 300 new healthcare jobs to downtown Greenville, SC.
eStockIt.com in Hollywood is an online retailer of restaurant, janitorial and office supplies. Decommissioning closely with this office is the Office of Minority Economic Development which was established in 1994 as a result of FUTURE Little Rock. Airbus chief operating officer John Leahy told CNNMoney that having a U.S.
PactSafe , a legal-focused technology company, plans to invest $575,000 to lease and equip a new office in Indianapolis. In addition to its Indiana office, PactSafe also maintains a part-time presence in California through its partnership with Acceleprise, an entrepreneurship accelerator operating in the San Francisco Bay Area.
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. Construction is scheduled to begin in May, with the new facility nearly doubling Allied Solutions’ office space in Carmel to serve the company’s growing national client base.
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. Bear, president and chief executive officer of MISO. Midcontinent Independent System Operator (MISO) Inc.,
billion ethane cracker complex on the same 250 acres the MEG and headquarters office will be located. Working with our partners in the Louisiana governor’s office and Louisiana Economic Development, we’ve been able to get the attention of some of the world’s best companies. Generally these sites are leased. Charles, St.
Since those initial inquiries, Economic Development staff have worked proactively to communicate the resources Huntley has available to data center, call center and high data usage back office users. Patrick Davis, Senior Design Phase Manager with the Chicago office of Mortenson Construction is impressed with Huntley.
This data corroborates what we’ve known for a long time,” said EDA Chief Executive Officer Melissa Orsen. The incubator’s leasable space includes offices, as well as both small and large labs. CCIT has graduated over 40 companies. CCIT is a bastion of innovative entrepreneurship whose impact reaches far beyond its doors.
has selected Tucson, AZ as the new location for its surface mining and technology offices. 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. Construction and mining equipment manufacturer Caterpillar Inc.
By the BF Staff From the January/February 2016 Issue. Kaiser Permanente (KP) is a leading integrated healthcare provider operating 600 medical offices and 38 hospitals in 8 states. million grant to defray costs of computer supplies, office equipment and hiring. Georgia’s economic development team provided a $1.2
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. Per a funding agreement with the Bryan Business Council and the Research Valley Partnership, Inc. RVP), Wayfair will be paid $50,000 over three years. million on or before Dec.
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.
From the September/October 2016 Issue. Officers accept entries of merchandise, clear passengers, collect duties and enforce various provisions. By the BF Staff. T he United States is the largest trading nation in the world for goods and services with more than 300 land, air and sea ports. made products overseas for export.
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).
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. million square-feet of hangar, office and warehouse space. supply chain. Overall rail traffic was up 4.5 percent for carloads and 5.2
City of Fort Lauderdale, Workforce Florida, Workforce One Broward County, Florida Power & Light’s Office of Economic Development, Department of Economic Opportunity and Florida Power and Light Energy Services (FPL). “It The M-1 Rail line is expected to open mid-2016. WEDC: OPERATING AT THE SPEED OF TODAY’S BUSINESS.
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. According to reports, a battle for mineral rights is now underway in the scenic vineyards of Hames Valley near Bradley, CA.
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., according to Deloitte’s new U.S. Aerospace & Defense Labor Market Study.
Additional construction will continue into 2016 and the plant is anticipated to begin commercial production in 2018. said Geoff Schomacker, director of project development for the Indiana Office of Community and Rural Affairs (OCRA). A clear path to acquiring or leasing the property must be identified and documented.
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