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As we flip the calendar over to 2018 this month, it’s a great time to share some of the commercial construction trends we predict will shape our work in the year ahead. #1: The grocery sector has been keeping a steady pace in recent years, but it is definitely an area to watch in 2018. 1: Grocery Sector Ripe for Change.
A strong pipeline of senior living construction was a “high” of 2018. So before we officially ring in 2019, here is our rundown of Englewood Construction’s commercial construction trends “highs” and “lows” from 2018: High: A Sizable Senior Living Pipeline. Low: Labor Shortage Shapes Schedules.
Here are our predictions of the four commercial construction industry trends we expect will shape our work in different sectors – and the construction landscape overall – in the year ahead: Senior Housing Communities Woo Workers with Facility Updates. Developers Think Outside the Big Box to Fill Retail Vacancies.
It’s already been a busy year for Englewood’s Restaurant Construction division, with a wide variety of projects ranging from ground-up new construction and interior renovations to commercial kitchen work. Some of the most interesting commercial kitchen construction projects we’ve been working on actually have nothing to do with a restaurant.
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 Incredible Shrinking Construction Timeline. Bill Di Santo. Tel: 847-233-9200 x710.
2018 Mid-Year Commercial Construction Market Update. Down 6.3% – Non-residential starts June 2018 versus June 2017. Down 27% – Commercial construction starts YTD. The post 2018 Mid-Year Commercial Construction Market appeared first on 4BT. Down 5.5% – Non-residential starts YTD.
State, local governments may spend approximately $275B on commercial construction in 2018, including $90+B on roads and $70+B. The post State, County, Local Government – $275B on Commercial Construction in 2018? appeared first on 4BT.
A robust multifamily market, which balanced an almost equal downturn on the commercial side, helped prop up overall starts in the first six months of 2018.
If you are a commercial construction business owner planning your bids for spring and summer of 2018, controlling fuel expenses for your fleet is a major consideration. Based on the laws of supply and demand, the variability of diesel fuel costs is driven by a range of factors, from regional and global events to Mother Nature.
The post FM & Cost Estimating Tools in the Cloud & Free – 2018 National Commercial Construction Cost Database appeared first on 4BT. Also view link documents, add notes, etc. to BIM files. Learn more… Sign up. link] Watch the video!
As a National General Contractor working across multiple verticals in the commercial construction space, we understand the challenges (COVID and Supply Chain) facing our retail, restaurant, hospitality, and senior housing clients. Adaptive Reuse Construction: Reimagining Space Adaptive Reuse in commercial construction is nothing new.
There’s no denying that sustainable building projects continue to grow in popularity among commercial construction clients. It’s also a job-creator, driving growth in a construction space while also encouraging more responsible consumption of building materials.
It has become a bit of a tradition that we start off the year for Hard Hat Chat with a look at the commercial real estate trends we think will impact our work in the months ahead. Here are four commercial construction and commercial real estate trends we expect to shape our business and our industry: 1. Tel: 847-233-9200 x712.
As noted in January’s Hard Hat Chat post about commercial real estate trends shaping Englewood’s work in the year ahead, we expect 2018 will maintain the same strong momentum we’ve recently experienced working with owners and operators to update existing senior communities.
The Q3 2018 USG Corporation + U.S. Chamber of Commerce Commercial Construction Index (Index) released today indicates skilled labor shortages will have the greatest impact on commercial construction businesses over the next three years.
The impact is upon commercial contracts is equal to that upon owners. The post Construction Cost Update 2018 appeared first on 4BT. Paving mixtures and blocks, 5.2 Both are struggling to deal with accelerated cost pressures. contact-form].
During the first half of 2018, five of the top ten metropolitan markets for commercial and multifamily construction starts ranked by dollar volume showed increased activity compared to a year ago, according to Dodge Data & Analytics. Of the top twenty markets, eleven were able to register gains.
The Federal Motor Carrier Safety Administration (FMCSA) passed a new rule in December 2015 regarding the use of electronic logging devices (ELD) in commercial motor vehicles in which drivers are mandated to record their hours of service (HOS). The construction industry is currently in the "awareness and transition phase" of the new rule.
Traditionally, when you think about the main players at ICSC RECon and who “belongs to the club,” it’s commercial landlords, retailers and restauranteurs – groups with an interest in the business of shopping centers. Here’s a quick summary of our main takeaways: . Come One, Come All. Municipalities Get Savvy .
Building owners that utilize ENERGY STAR Portfolio Manager will see a dramatic change in the 1 to 100 ENERGY STAR scores after August 26, 2018. commercial building space is benchmarked in Portfolio Manager (versus less than 1% of U.S. commercial building is LEED certified). You have 75 days to act. sort of) by the U.S.
Commercial real estate brokers are optimistic about their industry’s growth prospects for 2019, according to a poll of brokers that Transwestern released last month. They are buoyed by strong consumer and business confidence, steady employment growth, and the anticipation of available debt and equity liquidity.
Global revenues from consumer and commercial telematics are forecast to reach nearly $20 billion by 2018, with additional ‘soft revenues’ being generated from areas such as car servicing, ‘Big Data’ enabled by telematics and enhanced customer service, according to a new whitepaper by Juniper Research.
We work on everything from high rise buildings in the cities to enormous commercial plants out in the Midwest. In some of our Midwestern locations, we have to deal with material, supplies and things like that getting back and forth from the office. So, we do everything from multi-phase complex design-build projects to a simple service call.
Attending this major event is always a terrific opportunity for us as a national commercial construction firm to meet with our national retail developer clients, network with new connections from across the country, and really take the temperature of the retail construction sector. We came away from RECon 2018 energized and excited.
The number of active fleet management systems deployed in commercial vehicle fleets in North America was 4 million in Q4 2013, a ccording to a new research report from analyst firm Berg Insight. million by 2018. million in 2018.' million in 2018.' Growing at a compound annual growth rate (CAGR) of 15.3
The Consensus Construction Forecast Panel said spending in the commercial/industrial sector will outpace institutional outlays by 2.2% in 2018, but that institutional will take the lead in 2019.
The soaring value of commercial building permits in 2018 is expected to hold its momentum, driven largely by urban renovations and suburban data centers.
months during the fourth quarter of 2018, down 1.1% months in the second quarter of 2018 and averaged about 9.1 commercial, institutional, industrial and infrastructure construction contractors in the months ahead. Associated Builders and Contractors reported today that its Construction Backlog Indicator contracted to 8.9
The building served as a commercial stop for 90 years for this short-line railroad, which still operates today as part of the Rochester and Southern Railroad. For more than 30 years, the Dansville-Mount Morris Railroad (D&MM) train depot sat abandoned, slowly rotting, in the heart of this Western New York town of 5,300.
Buried in the more than 800 page Consolidated Appropriations Act signed on March 23, 2018 was Division N, the ‘‘Brownfields Utilization, Investment, and Local Development Act of 2018’’ (the BUILD Act). In 2020, prospective tenants in commercial and industrial properties are now ordering a Phase I Environmental Site Assessment.
The majority of our work in reviewing Phase I Environmental Site Assessments is for lenders across the country, much of that undertaken by a non law subsidiary of this law firm, but the fastest growing segment in this space, by far, is Phase Is for commercial tenants. 9601 et seq.,
The Consolidated Appropriations Act signed on March 23, 2018 included in Division N, the ‘‘Brownfields Utilization, Investment, and Local Development Act of 2018’’ (the BUILD Act). Such is a real issue when in any given year the vast majority of commercial and industrial real estate transactions are leases and not contracts of sale.
Between 2018 and 2022, Englewood’s national construction work in the cannabis retail industry grew by 100% and we expect that trajectory to continue as more states legalize recreational marijuana use and cannabis firms expand into new markets.
They're the top young leaders of the commercial design and construction industry—40 outstanding individuals who have excelled not only in their chosen fields of work but also in service to their clients, their firms, their professions, and their communities. See Also: BD+C's 40 Under 40 Class of 2018. .
Commercial real estate projects brought $20 billion into Florida’s economy in 2018 and similar to the state’s population, the growth will continue. Read: A Sunny Outlook In Florida at BusinessFacilities.com.
Bill 10-20 dramatically upgrades the Maryland county’s existing green building real property tax credit, prioritizing energy reduction in the name of GHG emission reduction, in new and existing commercial and multifamily buildings and ensuring incentives are now given only for buildings that surpass requirements of the County’s building code.
percent range for the remainder of 2017 as well as for 2018, with a slower growing commercial/industrial market, and an institutional sector facing several challenges. While some slowdown in the commercial sector was anticipated for 2017 and 2018, it was expected to be offset by acceleration in the institutional sector.
Chamber of Commerce Commercial Construction Index plunged from 74 in Q1 to 56 in Q2. However, the third indicator, backlog, dropped only a modest three points, remaining consistent with the first half of 2018. The recently released Q2 2020 USG Corporation + U.S. The overall drop in the index stemmed in part from the fact.
While still firmly rooted in the public sector, current deployments can serve as anchor points for gradual microgrid commercialization within 10 to 15 years,” said GTM Research analyst and report author Magdalena Klemun. The cumulative value of the microgrid market, including investments from prior years, will exceed $3 billion by 2018.
and Navistar reached a long-term agreement to develop and assemble future medium duty, conventional cab Class 4/5 commercial vehicles. The future products will be jointly developed using Navistar rolling chassis configurations and manufacturing capabilities, and GM’s commercial components and engines. General Motors Co.
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