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For a number of reasons – usually cost, location or a lease agreement – commercial real estate owners are opting to refresh or remodel their retail stores , restaurants and hotels instead of building new commercial construction projects. Chuck Taylor. Director of Operations. Tel: 847-233-9200 x712.
All of this commercial construction activity is taking place because smart owners and retail investors realize they need to refresh, rebrand and reimage the shopping experience to be competitive in the future. This has emboldened them to not only take on new long-term leases, but also expand the footprint of their traditional retail space.
What are Today’s Best New Retail Developments? With the way the commercial real estate market has been the last several years, people are looking to commercial construction experts for the best construction tips on how to proceed with a successful new retail development. Restaurant. Shopping Center. Hospitality. Office/Industrial.
(Updated 2/20/23) Retail real estate has shrunk over the past three years according to CBRE’s report “ US Real Estate Market Outlook 2023 ”. With less retail construction happening, there is less opportunity for businesses to move into this type of space.
We see this as a natural next step to the work Englewood has already been executing with senior housing operators to refresh and remodel resident amenity spaces and common areas at older properties. Developers Think Outside the Big Box to Fill Retail Vacancies. Subcontractors Say No Thanks to Off Hours.
But just how would Chicago hosting the Olympics affect the city’s restaurant and retail construction activity ? Given the fact that most national and international retailers already have stores in Chicago, most retail construction will involve remodeling and expansion of existing stores. Ditto for restaurants.
We saw drawings for new Chicago restaurant projects, retail construction work, office renovations, school construction and learning center additions – you name it, we saw it. Developers and retailers that would normally go 2 deep in bidding went 4 deep. HIGH – Everyone was submitting drawings in 2011. I was wrong.
When it comes to current retail and commercial construction trends , we all know there aren’t a lot of new shopping centers under construction right now, or new office buildings under construction for that matter. we came in on time and under budget without one complaint from any of the retailers. Q uiet over there! No complaints?
I recently sat down with Kim Sawyer and Tina McGrath, two of our experienced Business Development team leaders, to gain their perspective on what they’ve learned from talking to our existing and potential retail, restaurants, automotive, senior housing, and hospitality clients.
We saw much-improved activity in shopping center construction – not necessarily the building of new malls, but in general commercial contractors working with landlords and developers on pre-construction services , such as commercial construction budgeting to help them propose attractive lease deals for new tenants. Low – Pop-up Shops.
Office Remodel (Part II). Lease Hold Improvements. Lease language can be long, tedious, and yet full of important details. Depending on how long you’ve been in your building, it’s a good idea to refresh yourself on your remodeling stipulations. There are other ways to negotiate a lease hold improvement.
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. For commercial it may include medical offices, retail, parking garages, etc.
At just under 13,000 square feet, the building was fully remodeled for mixed retail and residential use, and in a few weeks, its first tenants from a homeless shelter will move into their new apartment homes, the Delaware News Journal reports. They expect that leases will be signed soon and people will move in beginning in June.
At just under 13,000 square feet, the building was fully remodeled for mixed retail and residential use, and in a few weeks, its first tenants from a homeless shelter will move into their new apartment homes, the Delaware News Journal reports. They expect that leases will be signed soon and people will move in beginning in June.
MHC says starts rise in August; housing is mixed; retail remains weak; industrial gains. The outlook for retail construction remains bleak. whose sprawling stores are laden with extra space, is aggressively marketing itself as a place for other retailers to set up shop,” the Wall Street Journal reported on Friday.
Don''t be fooled into thinking just because it is somewhat easy for small retail companies that it will be easy for you to perform a QuickBooks setup for your construction company. You don''t have to buy QuickBooks, we can lease it for you. Pay Application Invoicing For Remodel. Pay Application Invoicing For Remodel.
Don''t be fooled into thinking just because it is somewhat easy for small retail companies that it will be easy for you to perform a QuickBooks setup for your construction company. You don''t have to buy QuickBooks, we can lease it for you. Pay Application Invoicing For Remodel. Cloud based desktop version of your QuickBooks.
Don''t be fooled into thinking just because it is somewhat easy for small retail companies that it will be easy for you to perform a QuickBooks setup for your construction company. You don''t have to buy QuickBooks, we can lease it for you. Pay Application Invoicing For Remodel. Cloud based desktop version of your QuickBooks.
The primary candidates for this program are businesses that create new wealth for the state and provide new jobs outside of the retail sector. Loan funds may be used to finance real estate, machinery and equipment and for the purchase or leasing of equipment.
The IT company’s flagship product is MyOnlineToolbox, a community platform that brings business innovations to contractors who repair and remodel homes. eStockIt.com in Hollywood is an online retailer of restaurant, janitorial and office supplies. 17 on the Forbes inaugural ranking of “America’s Most Promising Companies.”
Flex PACE will allow communities the ability to provide assistance to businesses that would not meet the current requirements of PACE, such as: jobs retention, technology creation with no new jobs, retail, smaller tourist businesses and essential community businesses. Land does not qualify for an exemption.
Advanced Energy Deduction & Advance Energy Tax Credit: Receipts from selling or leasing tangible personal property or services that are eligible generation plant costs to a person that holds an interest in a qualified generating facility are deductible from gross receipts and compensating tax. TAX INCENTIVES. Certain green industries.
Non-retail service companies that export a substantial% age of services out of state (50% or more revenues and/or customer base). Receipts from maintaining, refurbishing, remodeling or otherwise modifying a commercial or military carrier over 10,000 pounds gross landing weight. The credit may be carried forward for up to 3 years.
The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. Small Producer Credit (AS 43.55.024(c)): Credit of up to $12 million per year for taxpayers incurring eligible oil and gas lease expenditures in North Slope operations. TAX INCENTIVES.
The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. The program offers the following incentives: Transaction Privilege Tax Exemption (TPT Exemption) on purchased qualifying equipment and leased or rented qualifying equipment. TAX EXEMPTIONS.
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