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Phases of Commercial Real Estate Development

Construction Marketing

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. This includes analyzing factors such as zoning regulations, transportation access, and market demand.

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BUSINESS REPORT: Tennessee Initiates Site Certification Program

Buisness Facilities Contributed Content

In June, the Tennessee Department of Economic and Community Development (ECD) launched the Select Tennessee Certified Sites Program ( www.selecttennessee.com ), a new, statewide endeavor that assesses, certifies and promotes available sites for relocations and expansions. Each aspect has its own purpose and meaning.

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COVER STORY: Shovel Ready Sites Are Growing From The Ground Up

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are implementing site certification programs called “shovel ready”—meaning that the site is primed and ready for economic development. Certified shovel ready sites are in growing demand among companies and site selection consultants, and they are an increasingly popular tool for communities to attract new business and industry.

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Industry Focus – Retail: Less Than Six Degrees of Separation

Buisness Facilities Contributed Content

The Cape Coral Westin will soon bring a new conference center on this site, attracting visitors from around the world. Lower gas prices are creating more discretionary income to save, pay down debt and spend on travel, eating out and personal services. Investment Zones & Distinct Communities. Credit: City of Cape Coral).

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State by State Incentives Guide

Buisness Facilities Contributed Content

Industrial Revenue Bonds: May be used as long-term financing of up to 100% of a project for: Acquisition of land, buildings, site preparation and improvements; Construction of buildings; Acquisition and installation of furnishings, fixtures and equipment; Capitalizable soft costs (e.g.,

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LOCATION FOCUS: California Dreamin’ – A Rebound Fueled By New Energy

Buisness Facilities Contributed Content

Last year, a State Budget Crisis Task Force headed by former Fed Chairman Paul Volcker estimated California’s long-term debt at a staggering $370 billion. The region boasts one of California’s largest enterprise zones, offering incentives for companies to locate and expand within the greater Sacramento area. Last year, CA Gov.

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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

Types of Capital Credit projects include: New Project or Expansion Project: Consists of new investment at a new site in Alabama, or new investment that will expand the capacity and the number of employees at an existing facility. The law allows more than one project on the same site. The program ends December 2016.

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