This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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. 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. It’s been exciting to see the opportunities that have come with the growth of the cannabis industry. High – CRE Cross Pollinates.
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. To Lease or Sell?
Fast-casual restaurants like Noodles & Company should be a bright spot for commercial construction in 2011. It’s that time of year again, when I dust off the crystal ball to predict commercial construction trends for the following year. Around Labor Day 2008, the faucet shut off for commercial construction projects.
The Commercial Real Estate Market Sentiment Survey found that medical space will outpace office and industrialleasing, but there are market red flags that could impact contractors building in these sectors.
LEED Commercial Interiors projects present the best single opportunity for greening buildings. million existing commercial buildings in the United States today. million existing commercial buildings. greater than 80% exist in rented space within those existing commercial buildings. By Katie Stanford and Stuart Kaplow.
As 2011 comes to a close, it’s time for us to look back on the commercial construction building trends , news and projects of this past year and share our thoughts on the highs and lows in the industry. In fact, our commercial construction budget work was back to 2008 levels. HIGH – Everyone was submitting drawings in 2011.
I’ll say it again, 2010 was a rebuilding year for the commercial construction industry. So I’ve created a commercial construction checklist for what we considered the highs and lows of 2010 commercial construction trends. There are still far too many distressed commercial properties on the market.
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. Learning Curve for Municipalities.
While I think everyone in the retail industry likes to hear news that 2011 retail sales are up – as it usually means new retail construction projects are in the pipeline – it’s still tough for shopping center landlords to make deals work with retail tenants. This is a very generic retail space with cheap commercial construction finishes.
Look for a solid increase in commercial construction renovations verses new locations, which should hold especially true with new retail construction. Green buildings across all commercial construction sectors will continue to gain in popularity. What do you think 2010 holds in store for the commercial construction industry?
Office/Industrial. Observations and Conversations about Commercial Construction, Development and Management. I get asked a lot about commercial construction trends. The best national commercial construction firms can provide developers with the proper cost analysis of a potential development, based on area historical data.
As a National General Contractor, Englewood has a front-row seat to the opportunities and challenges facing the commercial construction industry. Instead of demolishing old buildings, many commercial remodels focus on the adaptive reuse of historic or outdated structures. Adaptive reuse is another popular trend.
Blockchain, a digitized, distributed ledger that records and shares information, could enable the real estate industry to address its ine?ciencies. Real estate is a highly regulated industry and real estate transactions must be recorded in a government ledger to be recognized and enforceable by all.
If solar panels are installed on the property, Buyer is advised to inquire about the terms under which the solar panels were installed, how to transfer the ownership or lease, and any costs associated with the transfer. You understand and agree that this is a lease and not a sale agreement.
It’s taken some time, but shopping mall commercial construction activity is back in a big way, as owners and operators have initiated only what can be described as a renovation renaissance. Almost everywhere we look, it seems an older, out-dated shopping mall is undergoing a substantial commercial construction renovation.
A topic that is tangential to the construction industry is property law. Just recently here at Wolfe Law Group , I had a client come to me with some ownership issues involving leases. Typically after a construction project is complete, especially in the commercial realm, there will be a lease of some type.
For savvy commercial real estate investors and venture funds, terrific opportunities exist today to purchase and reposition underperforming shopping malls. In most cases, these malls need significant retail commercial construction upgrades and updates to compete for top-tier retailers. 5) Tenant coordination expertise. Bill Di Santo.
Earlier this month, while few people were watching, the 20,000th LEED commercial project was certified! In the event you missed the huge happening on December 4th, it is a LEED 2009 Commercial Interior Certified project in Knoxville, Tennessee. CI Commercial Interiors LEED USGBC for' million certified square feet.
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.
The potential applicability of the BFPP protection to a tenant who leases contaminated or formerly contaminated real estate has been the subject of debate for the decades since the CERCLA’s enactment. economy, when in any given year the vast majority of real estate transactions are leases and not contracts of sale. . § 9601 et seq.,
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 potential applicability of the BFPP protection for a tenant who leases contaminated or formerly contaminated real estate and improvements has been the subject of debate for the decades since the CERCLA’s enactment. Phase l ESAs will now become much more common in commercial and industrialleasing.
I do not anticipate new restaurateurs signing long-term leases for a two-week event. What are your thoughts about how the Olympics will affect commercial construction in Chicago? Ditto for restaurants. Retail and restaurant construction would most likely start in 2015. I say back the bid!
The potential applicability of the BFPP protection to a tenant who leases contaminated or formerly contaminated real estate and improvements has been the subject of debate for the decades since the CERCLA’s enactment. Phase l ESAs are now becoming much more common in commercial and industrialleasing.
In the US there are a lot of construction companies doing different work within areas like commercial, institutional, industrial, and civil construction services. O&G Industries. Cajun Industries. Turner Industries Group. Bovis Lend Lease. But who are the biggest construction companies in the US?
Similarly, some simply connect contractors looking to lease their unused equipment with others who want to cover their short-term needs. As the name suggests, this rapidly-growing equipment sharing service helps contractors rent equipment like excavators and boom lifts from peers in the industry that aren’t going to need them for a while.
We’ll identify other national construction lead services, regional lead services, (local) contractor/remodeler lead services, government lead services, and finally other lead services including equipment lease and architectural specification directories. Category, such as commercial, industrial, etc. Contract type.
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. So, there are opportunities available. How to Add Value to the Property.
Blockchain technology is an industry disrupter on the cusp of improving transactions across all sectors and borders. Blockchain, a digitized, distributed ledger that records and shares information, could enable the real estate industry to address many of its ine?ciencies. It is suggested blockchain may do for the $217 trillion U.S.
But snow removal insurance is different from commercial general liability insurance. It also covers those you borrowed, leased, or rented. . So if you’re working in the industry and don’t have any policy yet, it’s best to get your snow removal insurance. Why Is Snow Removal Insurance Important? Legal Expense Insurance.
Driggs has over 22 years of construction and real estate industry experience. He comes to Heery from Lend Lease Corporation, where he served as executive vice president and head of Integrated Projects—Americas.
Your industry will influence your location, but here are a few things to consider when it comes to choosing a workspace for your business. When you’re looking to buy or rent commercial real estate , take into account your current and future budget. Make sure your type of business is allowed in a location before you sign the lease.
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.
Commercial Real Estate Volumes originally appeared on Business Facilities - Economic Development, Site Selection & Workforce Solutions. Foreign Investment Launches Industrial Sector Into Record Fourth Quarter. JLL research shows that Asian investors spurred much of that industrial growth. Credit: LifesizeImages.
With the Federal Reserve Bank’s recent admission that inflation is rising faster than expected, mortgage interest rates are likely to follow, industry experts say. Home buyers, and homeowners, have been rushing to take advantage of what many imagine will be the last chance to lock in a 30-year mortgage at under 3 percent. Read More. .
Developer Landsec has confirmed that it will now steam ahead with two major London commercial schemes after putting them both on go slow late last year. He said: “Last autumn, we decided to commit to the early works for the refurbishment of Portland House, SW1 and Timber Square, SE1.
Penske has opened a new truck rental, leasing and maintenance facility in Phoenix. PRNewsFoto/Penske Truck Leasing). Penske Truck Leasing held a grand opening event in Phoenix to introduce a new state-of-the-art facility. Posted by Heidi Schwartz. Southwest Blog-May-2013 Penkse Phoenix'
Canary Wharf Group and Kadans Science Partner have secured planning approval from Tower Hamlets Council for a new commercial health and life sciences building. The 23-storey tower will provide 823,000 sq ft of of life sciences laboratories and workspace at the North Quay site next to Crossrail Station and new Elizabeth Line at Canary Wharf.
The Department of Energy says that there are active commercial (as opposed to residential) PACE programs in at least 9 states and DC and enabling laws enacted or programs in development in another 23 states. Commercial PACE programs are still very new. The average building owner is desirous of reducing its utility bills.
The latest Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) showed overall new business volume for June was $10.0 The MLFI-25 is the only index that reflects volume of commercial equipment financed in the United States and other metrics of the $1 trillion equipment finance industry.
Commercial Real Estate To See Moderate Growth In 2016 originally appeared on Business Facilities - Economic Development, Site Selection & Workforce Solutions. In 2016, global prime rents across the three major property types—office, industrial and retail—are expected to grow 2.2 s 2016 Global Real Estate Market Outlook.
The food processing industry works to convert raw materials, such as grains, dairy products and meats, to processed food. Much of the foods found in grocery stores have been processed, and the industry remains one of the largest in the United States. Overall, the food processing industry is largely necessary in today’s society.
Sutton, CAE, President and CEO of the Equipment Leasing and Finance Association. Acquiring equipment through leasing and other financing methods is more flexible and customizable to meet unique business needs than most funding options. By William G. Meet the business’s equipment needs.
We organize all of the trending information in your field so you don't have to. Join 116,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content