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If you are a player in the retail world, odds are you spent a few days in Las Vegas last month at ICSC’s “ Global Retail Real Estate Convention ” (RECON). It’s always an exciting event for the retail real estate industry. Here are my three takeaways for retail construction trends from RECON 2014: Money is out there.
The tone of the attendees at ICSC’s “Global Retail Real Estate Convention” (RECon) in Las Vegas last month was as positive and energizing as it was in the commercial construction boom years before 2008. Retailers are starting to feel more confident and expansions are on the horizon. Business is good. Overall, confidence is high.
Observations and Conversations about Commercial Construction, Development and Management. What are Today’s Best New Retail Developments? I get asked a lot about commercial construction trends. Recently someone asked me: “What is the best retail center to build today?”. Restaurant. Shopping Center. Hospitality.
Commercial real estate development involves the process of acquiring, designing, constructing, and leasing or selling commercial properties such as office buildings, retail centers, and industrial parks. Read more on the proper steps to ensure your commercial investment runs smoothly.
Value-based retailers like hhgregg, Ross Dress for Less and Savers should experience construction growth in 2012. It’s that time of year when our team predicts the 2012 commercial construction trends – from what’s on tap for Chicago retail construction to national restaurant construction and hospitality construction.
Value-based retailers like hhgregg, Ross Dress for Less and Savers should experience construction growth in 2012. It’s that time of year when our team predicts the commercial construction trends for the upcoming year– from what’s on tap for Chicago retail construction to national restaurant construction and hospitality construction.
But then I came across a press release while I was at Greenbuild: Destiny USA in Syracuse Aims to be America's Largest LEED® Gold Certified CommercialRetail Project; More than 100 Tenant Retail Spaces to Also be Certified.
Real Estate Investment Trusts (REITs) are owners, operators, and financers of income-generating real estate properties. Mixed-Use Developments These developments typically include a combination of residential, commercial, and retail spaces in one building or complex, and can be located in urban or suburban areas.
With 332 retail properties, the REIT''s portfolio encompasses over 43.9 Department of Energy''s Better Buildings Alliance as an inaugural Green Lease Leader, leading the market by incorporating lease clauses that help overcome market barriers and align tenant and property owner interests to save energy in commercial buildings.
Have you considered commercial investment properties to add to your portfolio? Cbre.com 2 identifies strength in retail (with price adjustments), industrial/logistics space, multifamily housing in downtown locations, and single-family rentals in the suburbs. Financing Help. So, there are opportunities available.
Commercial Real Estate market are reaching new heights since financial giants fell more than five years ago, according to a survey conducted by Akerman LLP, a U.S. were interviewed by telephone on their perceptions of the health of the commercial U.S. commercial real estate financing in 2014. Posted by Heidi Schwartz.
The purpose of a legal opinion given in a commercial real estate transaction is, most simply put, to provide the recipient of the lawyer’s writing with comfort regarding specified aspects of the transaction. One might ask why they need an opinion from a lawyer that their building is green? a mortgage) a green building.
The purpose of a legal opinion given in a commercial real estate transaction is, most simply put, to provide some or all of the parties to the transaction with comfort regarding specified aspects of the transaction. One might ask why the need for an opinion from a lawyer that a building is green?
The purpose of a legal opinion given in a commercial real estate transaction is, most simply put, to provide some or all of the parties to the transaction with comfort regarding specified aspects of the transaction. One might ask why the need for an opinion from a lawyer that a building is green?
The US commercial construction industry is poised for significant changes and growth in the coming years. This article delves into the key factors shaping the commercial construction landscape, providing comprehensive insights and practical solutions.
Commercial buildings have seen a drop in their energy intensity of more than 40% since 1980, according to a recent report from Bloomberg New Energy Finance and the Business Council for Sustainable Energy. Increased utility energy efficiency programs and higher efficiencystandardsare the main reasons. read more.
Construction businesses that are looking to thrive would do well to pay close attention to the differences between residential and commercial construction projects. At first glance, residential and commercial projects have similarities. Residential vs. commercial construction definitions. Commercial construction.
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. By the BF Staff From the March/April 2016 Issue. Credit: City of Cape Coral). percent.
That’s aided by the longer-term leases developers can secure from commercial tenants. Financing is another concern. As mixed-use developments become more popular, lenders become more willing to finance these projects. But they’re still comparatively more difficult to finance. Disadvantages of mixed-use development.
Retailers and wholesalers do their best to buy low and sell high. In economics jargon, the “street” prices paid by builders are “sticky.” This phenomenon is largely a result of dealers’ inventory carrying costs and potentially significant differences between the price at which inventory is bought and sold. For more, visit nahb.org.
WASHINGTON, D.C. -- 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.
Respondents were particularly positive about the prospects for equity capital from foreign investors, institutional investors and private equity funds, as well as debt from insurance companies, mezzanine lenders, and issuers of commercial mortgage-backed securities. real estate advisory practice leader, PwC.
This figure encompasses residential, commercial, and infrastructure construction projects across the nation ( Statista ). Commercial Construction The commercial construction sector includes projects like office buildings, retail spaces, and industrial facilities.
Over $100 million in investments are expected to be made by concerns adjacent to the arena, which could generate over 1,000 new jobs, new retail and significant quality of life enhancements. Cabela’s credit card operation has moved into its expanded space in northwest Lincoln. The company $7.2-million Brick City Development Corp.
The intention is to protect those industrial lands with the potential for future economic development and job growth from conversion to residential or commercial zoning. Oregon Capital Access Program (CAP): Helps lenders (banks and credit unions) make more commercial loans to small businesses and provides capital for start-up or expansion.
Some privates tap into additional capital by going public, while others secure access to financing by aligning with overseas companies looking for development and revenue opportunities in the U.S. GN: One of the benefits with the partnership is the great reduction in friction surrounding financing our projects.
Collateral Support Program (CSP): The CSP can help small businesses secure bridge loans of up to 18 months including SBA 504 bridge financing. For a list of Washington economic development agencies that can help with the site selection process, visit our Online Site Seekers’ Guide.
Bond Financing: Provides small businesses with access to the public bond market. million for new ethanol infrastructure at retail fueling stations. The REDI Fund is one of South Dakota’s primary economic development financing tools. In addition, through an incentive program created by SB196, $3.5
But making an adaptive reuse project pencil out in a tight financing market isn’t so simple. A ground floor restaurant or retail space can further complicate a conversion, as new shafts and penetrations will need to be run through the building. faces a housing deficit of 3.8 million units. Los Angeles, Calif.
Vistancia Commercial Core: 320-acres in the affluent, growing community of Vistancia. Zoned mixed-use/commercial. Build to suit retail/restaurant pads and Class A office development opportunities. More than 2 million square feet of retail and restaurants within 3-mile radius. Zoned mixed-use/commercial.
MF: The program is open to virtually all business expansions with the exception of retail and retention projects. We give preference to businesses that need assistance for deal-closing or those second-stage companies that need gap financing. CRE teams include site selectors, facility managers, finance and IT experts.
Architecture firms in the Northeast, Midwest, and South all reported increases, along with firms specializing in residential, commercial/industrial, and institutional projects. Real estate markets saw only modest activity in most regions, but commercial markets showed signs of ongoing improvement in several districts. West is down 45.1
have closed on a prime retail and mixed-use multifamily housing development in the heart of Indianapolis’s most popular submarket, Broad Ripple Village. Gershman Partners will spearhead the leasing and management of 3,600 sf of ground-floor retail space with an outdoor patio below the residential living space. www.citimarkinc.com.
Part of the service includes providing aggressive development assistance in the form of tax credits and financing programs. FINANCING & GRANTS. Industrial Revenue Bonds (IRBs): This program provides for customized financing through federal tax-exempt industrial revenue bonds. TAX INCENTIVES.
FINANCING & GRANTS. CAP can be used with term loans or lines of credit, on financing for working capital needs, technology or facility upgrades, business startups or business expansions. Typical financing structure: 50% Bank Loan. Research and development, high technology, service and other non-retailcommercial enterprises.
Whether it is a restaurant, business office, medical office, retail, manufacturer operation or school, we are experts at remodeling most every type of commercial building. Wolgast takes on remodels of all sizes and can provide tips for time and money savings, please contact us when you’re ready to design and construct your upgrades.
The New York State Energy Research and Development Authority (NYSERDA) has made $36 million available through two new initiatives that aim to increase the energy efficiency of New York’s commercial buildings — including office towers, universities, hospitals and retail stores — which are some of the state’s biggest energy users.
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. It can also apply to projects that have a below-market development margin or rate of return. All of these metrics are compared to industry standard measures.
Oregon Business Development Fund (OBDF): A revolving loan fund that provides term fixed-rate financing for land, buildings, equipment, machinery and permanent working capital. may be feasible for financing smaller projects, particularly within the $1,000,000 to $5 million cost range. be a business owned by a severely disabled person.
MHC says starts rise in August; housing is mixed; retail remains weak; industrial gains. And what appears to be the early signs of recovery for commercial building may well end up being deferred by rising investor concern about employment growth and the near term prospects for the U.S. The outlook for retail construction remains bleak.
Firms with a residential specialization, as well as those with a commercial/industrial specialization, both reported increasing revenue for the seventh month in a row. Firms with a commercial/industrial specialization have reported growth in 16 out of the last 21 months, a positive sign that the expansion is well established in that sector.
Commercial District Revolving Loan Trust Funds: ESD has capitalized over $600,000, making funds available to five community-based corporations to administer and make loans to small retail and service businesses in their service areas. The combination of a bank loan and a JDA Loan allows up to 90% financing of a project.
These include transportation carriers of all kinds, as well as warehousing, distribution, third-party logistics services, manufacturers’ operations, retailers and distributers who may have their own distribution centers. Commercial air service is available at Joplin Regional Airport and three other major airports within 90 minutes drive time.
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