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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). From meeting with our connections in the commercial real estate banking industry, we’ve been assured there is no shortage of financing for commercial construction projects today.
Last month, our Englewood Construction business development team had a great trip to Las Vegas for RECon, the global retail real estate convention hosted annually by the International Council of Shopping Centers (ICSC). It was refreshing to hear RECon attendees be so open to new ideas and more inclusive when it comes to ICSC offerings.
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. Retail and restaurant sales are steadily increasing and commercial construction space is slowly being absorbed.
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.
While admittedly there is no silver bullet for leasing woes, a good commercial general contractor can help make some minor changes to a shopping center development that may provide a boost to struggling tenants and help shopping mall owners capture higher, more consistent rents. This creates a problem for shopping mall owners. Never fear.
Earlier this month, the Englewood team headed to Las Vegas for RECon , the global retail real estate convention hosted annually by the International Council of Shopping Centers (ICSC). The Online Effect. We would be remiss in not mentioning the ongoing impact of e-commerce on brick-and-mortar retail as a big topic at RECon.
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. Even as the labor situation improves, it’s being outpaced by a high commercial construction activity level across the country.
Given that our firm already has experience working with clients on medicinal and recreational marijuana dispensary construction projects in other states, we know firsthand that this legislation will quickly lead to new activity in the local commercial real estate and construction landscape. Good News for the Local Retail Landscape.
Last week BRE Global announced that the “BREEAM USA In-Use Version 6 for Commercial and Residential” green building rating system has launched. But despite several attempts at a North American invasion, including a 2008 joint venture with ICSC, BREEAM has never been widely accepted nor utilized in the U.S.,
BCDC is focusing on industrial, technology and commercial growth sectors, putting New Jersey’s Urban Transit Hub Tax Credit to good use to secure capital investments of more than $50 million for large-scale renovation or new construction projects. Brick City Development Corp.
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