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It has been another successful year for Englewood Construction, and with the calendar flipping over to December we’re excited to see what 2019 will bring. Developers Think Outside the Big Box to Fill Retail Vacancies. We know there are more good things to come for our industry in 2019.
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.
For those concerned about the state of the environmental industrial complex during the coronavirus disease 2019 pandemic, I can report that last Friday I reviewed my 1,000th Phase I Environmental Site Assessment this year. economy, when in any given year the vast majority of real estate transactions are leases and not contracts of sale.
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.
Groundbreaking for the new site is expected to begin before the end of the year with an expected completion date in early 2019. At build-out, Rio 2100 will include office, retail, restaurant and multifamily space, as well as two hotels, within Tempe’s Rio Salado corridor.
MCP USA, a manufacturer of ready-made meal trays, will locate its North American headquarters in Portage, IN, creating up to 60 new jobs by 2019. million to lease and equip the 91,000-square-foot facility. The company, a subsidiary of Israel-based Plazit Industries Group and Kibbutz Hamaapil, will invest $11.38 Photo: MCP.
Both programs have been extended until July 1, 2019. One NJ option is a leased facility in Bridgewater; 274 jobs would remain in the state and 550 jobs would be created. Several senior executives as well as finance, accounting, retail operations and other administrative groups are among the 175 jobs to be relocated to the Garden State.
Waterstone Retail of Needham, MA has a 500,000-square-foot center underway with Phase 1 now open and Phase 2 approved by the city. As part of the project, Finlays has committed to hiring 73 new full-time employees by 2019. The company also is taking advantage of two standard lease incentives offered by the QDC. The NH Dept.
million in state and local performance-based grants (to assist IBM with facility lease costs, building operating costs; workforce recruitment, relocation and internal training costs; and payroll incentives). The company will occupy the new building in early 2019. Upon completion, between 600 and 1,000 new employees will be hired.
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. Since the TraPac terminal opened in 2009, many retailers and 3PL firms have begun to take advantage of the global container services offered at the facility.
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. Terms for both are normally 10-20 years and can finance up to 100% of the project costs. TAX INCENTIVES.
The Ignite Institute is on pace to welcome up to 1,000 students, grades 9-12, beginning in the 2019-2020 school year. The company’s lease of the Hackensack building expired on June 30th, 2017. Build to suit retail/restaurant pads and Class A office development opportunities. The General Assembly passed and Gov.
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