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Commercial Construction Industry Trends: The “Highs” and “Lows” that Shaped 2019

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With the countdown on to 2020 – and the start of a brand-new decade right around the corner – it’s time for our annual look back at the commercial construction industry “highs” and “lows” from 2019. At RECon 2019 in Las Vegas, where Englewood hosted a cocktail party, CRE professionals were thinking more openly about commercial property uses.

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FEATURE STORY: 2013 Economic Development Deal of the Year Awards

Buisness Facilities Contributed Content

The Arizona team worked closely with Maricopa County’s air-quality department to obtain the required permits for Apple. Mesa also processed the required permits expeditiously. The company will occupy the new building in early 2019. The headquarters expansion is also expected to create approximately 1,000 construction jobs.

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Less Is More In New England

Business Facilities

Franklin is a platinum rated Bio-Ready Community as a result of establishing a biotechnology overlay zoning district, its streamlined permitting processes and the modern and robust infrastructure. As part of the project, Finlays has committed to hiring 73 new full-time employees by 2019. Gregory Chiklis, PhD.,

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FEATURE STORY: Racing To Be Ready – U.S. Ports Prepare for Post Panamax Era

Buisness Facilities Contributed Content

The P3 project is a 50-year agreement between the Maryland Port Administration (MPA) and Ports America Chesapeake to lease and operate the 200-acre Seagirt Marine Terminal. Rendering of the Bayonne Bridge, as it will look after it is raised to permit passage of Post-Panamax container vessels. The port and U.S. Photo: NJ.com.).

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A Force Majeure Decision during the COVID-19 Pandemic

Green Building Law Update

There has been much speculation and supposition about the interplay of force majeure provisions in leases and other contracts in response to government orders closing businesses during the coronavirus disease 2019 (COVID-19) pandemic, but now there is an authoritative court decision that may provide persuasive authority.

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State by State Incentives Guide

Buisness Facilities Contributed Content

The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. Effective for facilities placed into service between January 1, 2011 and December 31, 2019. The business must obtain a direct-pay sales and use tax permit from the State of Arkansas.

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New Maryland Real Estate Laws from the 2020 Legislative Session

Green Building Law Update

Given that real estate accounted for more than 25% of the gross state product (the state Gross Domestic Product) in Maryland last year and that more than 650,000 rent cases were filed in the Maryland courts in 2019, more than anything else the courts adjudicated, some have suggested the legislature might focus more of its efforts on real estate.

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