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Here’s a look at our top 2016 commercial construction “highs” and “lows”: Low: Mall Retail Tenants Choose Local over National. As a national commercial construction firm, it’s not surprising the majority of our 2016 revenue came from work outside our home market of Chicago. High: Big Opportunities in Big Box Retail.
There’s no doubt that local businesses will have much to celebrate if on October 2, 2009, Chicago wins the 2016 Summer Olympics bid. But just how would Chicago hosting the Olympics affect the city’s restaurant and retail construction activity ? Retail and restaurant construction would most likely start in 2015. Bill Di Santo.
Low – Chicago losing the 2016 Olympic bid. When Chicago lost the 2016 Olympic bid this fall, it was a devastating blow to the city’s restaurant and retail construction industry. High – Niche or value-driven retail construction. Retail construction projects in niche or value-driven markets. 3 Dollar General.
Caterpillar released its retail sales statistics today for the three months ending in August 2017, showing total global sales up 11 percent over this time last year supported by a surge in the Asia/Pacific market to 44 percent over August 2016. North American sales in August were up 1 percent.
That’s particularly true of retail and consumer brands at a time when the drawing power of physical stores has been diluted by the proliferation of online options that accounted for $349.9 billion in sales in 2016, a 15.6% Companies are always looking for ways to extend their brands to new customers.
OSHA recently announced another delay in the deadline for employers to electronically submit their 2016 injury and illness data to the agency. The list covers all or portions of industries such as construction, manufacturing, retail and department stores, hospitals, nursing homes, and even amusement parks and arcades.
A strong retail sector has helped drive 2016 U.S. construction activity with retail construction projects up 24.4% year-over-year. Overshadowing the good news is a cloud of economic uncertainty that has companies laser-focused on lean budgeting and smart spending decisions. .
Macerich, a leading owner, operator and developer of major retail real estate with a portfolio of over 50 shopping malls, also earned the #1 GRESB ranking in the North America Retail Sector in 2016 for the second consecutive year. The Oaks, a 1.3 The Oaks was built in 1978, renovated in 1993 and again in 2007.
Before the 2016 Games opened, media coverage showed crews in Rio de Janeiro putting finishing touches on new-construction Olympic facilities, and reporters speculated whether venues and the athletes village would be completed in time to welcome participants and spectators.
Rounding the corner into the final weeks of 2016, it’s time for our annual post predicting the commercial construction trends that will influence the industry in the coming year. In 2017, retail center developers will continue to focus on creating exceptional experiences that give shoppers new reason to head to the mall. Bill Di Santo.
I would usually concentrate on apartments, hotels, office, retail, mixed-use, etc., There is an across the board need for industrial space and almost every retailer is involved. One member of the panel showed a graph of the historical growth of e-commerce and then predicted that e-commerce will increase by 62% by 2016.
On Thursday, September 22, 2016 (1 pm CST – 2:00 pm CDT), the Construction Marketing Association (CMA) is hosting a webcast on the social media marketing strategies and best practices in the construction industry. His experience includes retail, independent (hardware) co-op, lumber yards and industrial supply. ABOUT Kevin Enke.
By the BF Staff From the March/April 2016 Issue. Retail accounts for more than $2 trillion in total GDP impact with consumer spending accounting for more than two-thirds of the U.S. The Tarpon Point Resort at Marina Village is home to a number of upscale retail shops and restaurants. Credit: City of Cape Coral). percent.
But AI is already having a huge impact in other industries like transportation, manufacturing and retail, so this technology certainly isn’t going away. percent between 2016 and 2022. The takeaway: At this point, most contractors don’t have the skills, personnel and/or resources to invest in AI. BIM to Aid in Eiffel Tower Makeover.
District Court for the District of Vermont issued a preliminary opinion and order in a case where the Grocery Manufacturers Association, Snack Food Association, International Dairy Foods Association, and National Association of Manufacturers are challenging Vermont’s Act 120 ’s requirement that manufacturers and retailers identify whether (..)
Business Facilities March / April 2016. 2016 Economic Development Awards | We adjusted our annual awards categories to shine our spotlight on locations that are leading the way in addressing today’s hot-button issues, including funding infrastructure upgrades, initiating smart grid modernization and pioneering offshore wind farms.
Since 2005 through July of this year, this metro has added 3,672 residential units, 1,000 hotel rooms, 346,000 sf of retail space and 1.5 billion last year in new capital investments, and more than 30,000 new jobs announced in 2016. million sf of office space downtown. The Raleigh-Durham metroplex has seen more than $3.3
The project, which is being developed by Terra and Mayfair Real Estate Advisors, will create 75,000 sf of Class A office space, 20,000 sf of ground floor retail, and parking, according to Curbed Miami. The parking structure was purchased by Terra in January 2016 for $16 million.
But the retail rate is at an actual loss to the monopoly utility. In 2016, expect more states to roll back net metering tariffs that incentivize photovoltaic installations for the benefit of big banks and large corporate investors. It is not good energy policy. It is not good environmental policy.
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.
Caterpillar's 8-K filing today reports a 21 percent drop in worldwide total machine retail sales for the rolling three-month period ending in February, following a 15 percent decline for the three months ending in January.
Investment in 2016 originally appeared on Business Facilities (BF) Magazine. real estate in 2016. Retail moved from fourth place last year to third; office moved from third to fourth; hotels remained in fifth. Investment in 2016 originally appeared on Business Facilities (BF) Magazine. Credit: Medioimages/Photodisc.
This latest CBECS data became available in 2016 and is based on the results of the 2012 survey. The following 1 to 100 ENERGY STAR score models will be updated: bank branches, courthouses, financial offices, hotels, houses of worship, K-12 schools, offices, retail, supermarkets, and warehouses. sort of) by the U.S.
Overall, the recent Consensus Forecast for April 2016 projects continued economic expansion over the next three years but at a somewhat slower pace than the prior two years. Commercial real estate prices are projected to grow but at subdued and slowing rates over the next 3 years, at 5 percent in 2016, 2.7 percent for retail up to 4.0
According to the Florida & Metro Forecast 2013–2016 , published in April by the Institute for Economic Competitiveness (College of Business Administration, University of Central Florida), Florida’s economic future also looks bright. percent in 2016. percent by the end of 2016. percent during 2013 to 2016. percent).”.
The online retailer currently employs more than 5,000 associates at its sortation and fulfillment centers in Baltimore and fulfillment center in North East, MD. Amazon’s investments in Maryland contributed an additional $100 million into Maryland’s economy from 2014 through 2016. Amazon.com, Inc. Credit: Amazon.com, Inc.).
For a long time, those of us in senior living knew there was a portion of us who wanted to stay nearby, near friends, familiar retail and services, and transit,” says Brad Perkins, the firm’s Co-founder and Chairman. The property, furthermore, is located less than a mile from a restaurant-and-retail hub of the city. completed in 2005.
. – With construction spending continuing on an upward trajectory, 2016 can be considered a successful year for the nonresidential building sector. The commercial construction sectors – retail, office and hotel – will continue to lead the building recovery, while industrial construction is projected to see almost no increase this year.
We compared the most important factors of all four categories to rank your most important SEO factors of 2016. For example, your construction business should select a category to reflect such, rather than a category like food or retail. Domain Authority of Website. Domain authority is a metric given by Moz on a 100-point scale.
Examples of commercial sector buildings include retail stores, office buildings, government buildings, restaurants, hotels, schools, hospitals, and leisure and recreational facilities. 1] [link] – INTERNATIONAL ENERGY OUTLOOK 2016. for each concurrent user (unlimited number of named users). Try Building in Cloud now for free.
The company also sold through third-party websites, including prominent retailers like urbanoutfitters.com, nordstrom.com, and aerie.com, providing third parties with marketing materials used to market and sell Truly Organic products. Truly Organic sold products nationwide using its own website and voracious social media accounts.
Employers in Charlotte, NC; Omaha, NE; Albany, NY and Boise, ID expect to hire the most employees in the second quarter of 2016, according to the latest Manpower Employment Outlook Survey , released by ManpowerGroup. employers for the second quarter of 2016. Overall, the survey indicates stable hiring plans among U.S. “The U.S.
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. The homegrown Hoosier company, which manufactures apparel and operates retail stores primarily under the LIDS brand, will invest $21.8 Hat World, Inc.,
This new location will also house the corporate headquarters of The RoomPlace’s rent-to-own retail division, EasyHome. Opening in late fall 2016, the project will create more than 100 new jobs. The RoomPlace is based in Lombard, IL. ” .
Consumers Energy is helping promote economic development in Michigan by reducing or eliminating up-front expenses for new and expanding manufacturers, farms and retailers. Posted by Heidi Schwartz. An estimated 600 Michigan businesses each year will see the benefits of Consumers Energy’s new, innovative approach.
The Braintree, MA-based company manufactures frozen and deli pizza and shelf stable salad dressings and sauces, and its customers span retail and foodservice channels across the U.S. 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.”. and Canada.
The global retailer will invest $35 million, create more than 100 new jobs in Middle Tennessee over next five years. Read Gap, Inc. Expanding Gallatin, TN Distribution Facility on Business Facilities - Economic Development, Site Selection & Workforce Solutions.
Retailer Lidl will invest $100 million to establish a new regional headquarters and distribution center in Cecil County, MD. Read Lidl US Will Create 100 New Jobs In Maryland on Business Facilities - Economic Development, Site Selection & Workforce Solutions.
d/b/a ooShirts, a T-shirt printing and fulfillment company, has announced plans to locate a new facility in the Indianapolis region, creating up to 105 new jobs by 2016. ooShirts also provides blind fulfillment services to other retailers. Little Raymond’s Print Shop, Inc., will invest $1.2
The auto parts retailer and distributer will invest $50M in Ocala, FL, creating 240 jobs. Read AutoZone Chooses Florida For New Distribution Facility on Business Facilities - Economic Development, Site Selection & Workforce Solutions.
percent are in the manufacturing sector and nearly 20 percent are in the wholesale and retail sectors. In 2016, the company located in a 115,000-square-foot food processing facility in Wheeling after a multi-state site selection program. Retail also thrives in Arlington Heights. In 2016, the community conducted over $1.24
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