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As we close in on the final days of 2017, it’s time once again for our annual commercial construction blog post reflecting back on the positives – and the negatives – that have impacted our business and the industry as a whole over the last 12 months. Low – The Labor Shortage: It’s Real, and It’s Not Going Away.
At Englewood Construction, we’re proud to say we’ve already been “on tour” with American Girl for the last 10 years, working with the popular retail brand to build, remodel and maintain American Girl Place stores across the country. Grand Entrances (And Tight Squeezes).
Retailers across the nation are buttressing their trash disposal practices after Dollar General Stores and Big Lots Stores paid Millions of dollars to settle civil suits for environmental violations for the unlawful disposal of hazardous waste, including customer returned merchandise and batteries. This is not a California only issue.
Looking back at the past 12 months, we’ve seen a tremendous variety of opportunities ranging from restaurant construction to senior housing development, yet there has been one common thread among our many projects that will continue to shape the work we do in 2017: creating an exceptional experience for the end user is more important than ever.
As traditional retailers continue to be impacted by e-commerce, there is an ongoing discussion about how physical stores and shopping centers can compete within the new dynamics of the market. 2: Remixing the Mall. But today, these businesses, as well as sports and recreations concepts, are viable options for filling mall space.
At a glance, many of the latest retail trends strike me as incongruous. Retail demand continues to grow, but retailers are falling short of sales goals and closing stores at an alarming rate.
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.
E-commerce is reshaping the landscape for traditional retailers. Store closures and consolidations in 2017 are on pace to eclipse the total number of stores that failed in 2008, in the depths of the Great Recession. Just two months ago, Credit Suisse forecasted that 20-25% of malls will close by 2022.
Retailers went through another tough year in 2017, during which store closings included 1,430 Radio Shacks, 808 Payless ShoeSource outlets, 667 Ascentas (which sell nutritional supplements), and 600 Walgreens.
Here’s a look at our top 2016 commercial construction “highs” and “lows”: Low: Mall Retail Tenants Choose Local over National. However, over the last year, we’ve seen more retail brands award tenant build-out work to local firms rather than national construction partners. High: Big Opportunities in Big Box Retail. Chuck Taylor.
Read Ready For Retail In Cape Coral on Business Facilities - Area Economic Development, Site Selection & Workforce Solutions. The City of Canals offers industry the best of both worlds—an ideal business environment with vital resources and a competitive cost of living.
As more and more people desire an urban lifestyle, architects and developers are creating a large number of mixed-use projects — that is, developments and even single buildings that combine residential and commercial uses with retail and public space. This paradigm is not new.
Essentially, our team tags anything and everything a client wants to track maintenance on with a QR code – this could include individual equipment pieces such as HVAC units, or even a specific location within a fleet of restaurants or retail stores. Many congratulations to the class of 2017! Chuck Taylor, Director of Operations.
Ecommerce needs three times the space of any other kind of retailing.”. That observation came from Hamid Moghadam, CEO of Prologis, the world’s largest warehouse owner and developer, during a March 14, 2017, interview with Jim Cramer on the TV business program Mad Money. That same month, Prologis paid a reported $28.3
Cities and suburbs are constantly changing and 2017 served up more than its share of challenges—some we saw coming (massive retail closures), while others took us by surprise (historic flooding and other natural disasters). Those expectations?
By 2020, technology adoption in construction is expected to reach 70 percent, according to a 2017 report from McKinsey Global Institute. In 2017 alone, Viewpoint issued more than 50 releases and updates across our office, team and field products. In case you haven’t heard, construction software use is on the rise.
While there are plenty of indications that the new agency leadership will seek to reconsider, revise, or even rescind the amended recordkeeping rules, it appears that the most recent deadline, December 15, 2017, will stand. While one might think that the list of supposed “high hazard industries” is short, it is actually extensive.
Things we’re reading today include … Bitcoin lottery launches in Ireland Top 10 Retail Banking Trends and Predictions for 2018 Tandem’s Takeover of Harrods Bank Approved by Bank of England BNY Mellon freezes $22 billion in Kazakhstan assets: source Bank’s olive branch increases chance of Brexit deal City can live … The post (..)
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.
Retail sales are up nearly 5% from last year, with lawn and garden power equipment demand expected to rise 4% a year through 2017 as consumer confidence rises.'
It is projected for completion in 2017. Architects Building Owner Contractors Designers Engineers Facility Managers Events Facilities Hospitality Facilities Hotel Facilities Office Building Resort Design Retail Centers Shopping Centers Designers / Specifiers / Landscape Architects' million gsf. Body Image: read more.
Retail health clinics, which have been around since 2001, and until recently have been profit question marks, are having their moment in the sun. A recent report by Accenture Consulting predicts that the clinics sector will grow at an average annual rate of 14% through 2017, when their numbers will exceed 2,800, compared to 1,914 in 2014.
employers (21 percent) plan to add staff in the fourth quarter of 2017, according to the latest ManpowerGroup Employment Outlook Survey. ” Taking seasonal variations into account, the Net Employment Outlook¹ for Q4 2017 is +17%. Nationwide, employers in all 13 industry sectors expect to add staff in Q4 2017.
Leopardo Companies, a construction firm serving Chicago and the Midwest, has released its 2017 Construction Economics Report and Outlook, an in-depth analysis of factors that impact development, renovation and build-out costs in commercial facilities, including the office, industrial/manufacturing, retail, multifamily, healthcare and lodging sectors. (..)
The FTC also charged the companies with facilitating deception by retailers who sold their paint. The agreements are subject to public comment for 30 days through August 10, 2017, after which the Commission will decide whether to make the proposed consent orders final. after X number of hours).
Warehouse and distribution assets posted double-digit total returns, record low vacancy rates and all-time high rents in 2017 and are on track for an even stronger year in 2018, according to the report.
Scheduled for a December 1, 2017 start, the mixed-use structure will fill 1.2 The grand old retail location was demolished in 1998. The Detroit Downtown Development Authority approved plans to break ground on what will be Michigan's tallest building. million square feet of space and stand about 800 feet high.
Scheduled for a December 1, 2017 start, the mixed-use structure will fill 1.2 The grand old retail location was demolished in 1998. The Detroit Downtown Development Authority approved plans to break ground on what will be Michigan's tallest building. million square feet of space and stand about 800 feet high.
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. The release date for all updated scores is August 26, 2018.
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.
The 1950s was the heyday of the American department store: the stately elegance of the retail environment supported by welcoming, attentive salespeople revolutionized the way we shopped. Fast forward to 2017, and news of closures have owners and operators rethinking traditional models.
What do the most remarkable deals of 2017 tell us about this remix and its effects on our daily lives? Hospitals , too, are merging horizontally when they can, as did pharmacy retailers. The efficiencies of online business have continued to fell the old giants of retailing. Our health. What we watch.
But as we are already witnessing among companies that thrived during the pandemic—Zoom, Netflix, Clorox, Peloton, and a plethora of online retailers (Amazon included) currently suffering steep declines in their sales and stock values—not everything we came to know and love/hate will stick now that we’re through the worst of it.
The mixed-use development includes retail shops, office space, hotels, residences and even a 140,000 square foot concert hall which celebrated the opening of the public-private project by hometown rock band the Foo Fighters in October 2017.
percent, its largest 12-month increase since the period ending February 2017. 2017 2018 2018 2018 2018 2018 2018 June. percent for the period ending November 2017. percent of the 1-month percentage change based on all retail prices. The food index increased 1.4 percent, and the energy index rose 12.0 city average.
It also anticipates continued commercial price appreciation and positive returns, but at more subdued and decelerating rates; above-average but decelerating rent growth rates in all property sectors, and better than average vacancy/occupancy rates, except for retail. percent in 2017 and 7.1 percent for retail up to 4.0
Preview : Enter 2017 with fresh ideas on how remodelers can generate leads in a cost-effective manner, convert more leads, and properly align their marketing & sales efforts with TODAY’s consumer. Speaker : Rich Harshaw – CEO, Monopolize Your Marketplace. Expertise : Contractor Marketing Specialist. Date : Dec. 14, 11:00 MST.
. -- Skanska USA Commercial Development has plans to start speculative development of 99M, an 11-story, 234,000-square-foot Class A office building with ground-floor retail/restaurant space in Washington’s Capitol Riverfront submarket. Skanska is self-financing 100 percent of the development costs.
The developer of 181 Fremont, a 70-story residential and office tower being built in San Francisco, claims this will be the most earthquake-resistant building on the West Coast when it is completed in the summer of 2017. Jay Paul Company acquired this development from SKS Investments in 2013, and estimates its cost at $665 million.
Experts project that the market has progressed by 26% between 2014 to 2017. Such promising verticals can be associated with the resurgence in sectors such as education, offices, and retail. An estimate is that the projected growth for the period 2018 to 2020 is by 4% every year.
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