article thumbnail

6 Billion Barrels of Light Oil Discovered in Alaska

Construction Equipment

Caelus Energy Alaska Smith Bay LLC announced Tuesday it has made a significant light oil discovery on its Smith Bay state leases on the North Slope of Alaska. Based on two wells drilled in early 2016 and 126 square miles of existing 3D seismic, Caelus estimates the oil in place under the current leasehold to be 6 billion barrels.

Alaska 79
article thumbnail

Commercial Real Estate To See Moderate Growth In 2016

Buisness Facilities Contributed Content

Commercial Real Estate To See Moderate Growth In 2016 originally appeared on Business Facilities - Economic Development, Site Selection & Workforce Solutions. s 2016 Global Real Estate Market Outlook. s 2016 Global Real Estate Market Outlook. CBRE expects 2016 to be a year of volatile markets but steady economic growth.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Your ENERGY STAR Score is About to Fall Precipitously

Green Building Law Update

The change is significant for buildings pursuing LEED or Green Globes certification, for buildings with GSA or other government space leases tied to an ENERGY STAR score of 75, for buildings in cities with mandatory benchmarking, and for the more than 450,000 commercial properties that have an ENERGY STAR score. You have 75 days to act.

article thumbnail

Business Report: Nebraska – Community Development Block Grant Funds Expansion in York

Buisness Facilities Contributed Content

By the BF Staff From the March/April 2016 Issue. Available sites include two rail-served sites, business parks, and available buildings for sale or lease. Dr. Steve Eckman, York College’s President, estimates that 10 percent of the local workforce is York College alumni. All sites are within five miles of Interstate 80.

article thumbnail

Business Report-New Jersey: Jet.com Expands HQ in Hoboken

Buisness Facilities Contributed Content

By the BF Staff From the March/April 2016 Issue. Last year, childcare learning center Kiddie Academy signed a lease to occupy a portion of the complex’s retail space. Current plans are for the new site to be operational in the 4th quarter of 2016. Company sales in 2015 were estimated at approximately $50 million.

article thumbnail

Industry Focus – Retail: Less Than Six Degrees of Separation

Buisness Facilities Contributed Content

By the BF Staff From the March/April 2016 Issue. The National Retail Federation (NRF)—the nation’s largest retail trade group—recently released its 2016 economic forecast. Cape Coral is positioned for strong commercial growth in 2016 and beyond. percent this year,4 percent higher than the 10-year average of 2.7

Retail 40
article thumbnail

Technology Center Opens At UL Lafayette Research Park

Buisness Facilities Contributed Content

Upon full employment, total annual payroll will exceed $22 million, and Louisiana Economic Development (LED) estimates the project will result in an additional 405 permanent new indirect jobs, for a total of more than 800 new jobs in Acadiana and surrounding regions. CGI is leasing space for its center in the new 50,000-square-foot, $13.1