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4 Commercial Construction Industry Trends and Predictions for 2019

HardHatChat

It has been another successful year for Englewood Construction, and with the calendar flipping over to December we’re excited to see what 2019 will bring. Developers Think Outside the Big Box to Fill Retail Vacancies. We know there are more good things to come for our industry in 2019.

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Commercial Construction Industry Trends: The “Highs” and “Lows” that Shaped 2019

HardHatChat

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. At RECon 2019 in Las Vegas, where Englewood hosted a cocktail party, CRE professionals were thinking more openly about commercial property uses.

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I Just Read my 1000th Phase I Environmental Site Assessment this Year

Green Building Law Update

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.

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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.

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Business Report: Garden State Growth Zones Aim to Lift New Jersey’s Cities

Buisness Facilities Contributed Content

Both programs have been extended until July 1, 2019. One NJ option is a leased facility in Bridgewater; 274 jobs would remain in the state and 550 jobs would be created. Several senior executives as well as finance, accounting, retail operations and other administrative groups are among the 175 jobs to be relocated to the Garden State.

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FEATURE STORY: 2013 Economic Development Deal of the Year Awards

Buisness Facilities Contributed Content

million in state and local performance-based grants (to assist IBM with facility lease costs, building operating costs; workforce recruitment, relocation and internal training costs; and payroll incentives). The company will occupy the new building in early 2019. Upon completion, between 600 and 1,000 new employees will be hired.

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Benchmark Electronics Picks Tempe, AZ For New HQ

Business Facilities

Groundbreaking for the new site is expected to begin before the end of the year with an expected completion date in early 2019. At build-out, Rio 2100 will include office, retail, restaurant and multifamily space, as well as two hotels, within Tempe’s Rio Salado corridor.

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