Bank failures cause uncertainty for contractors
Construction Dive
MARCH 16, 2023
The collapses of Silicon Valley Bank and Signature Bank could weaken this year’s outlook for commercial real estate and construction, an economist said.
Navigating Commercial Building Loan Landscape for Small Business
Wolgast Corporation
OCTOBER 26, 2023
Navigating Commercial Building Loan Landscape for Small Business One of the essential components of business growth and sustainability is securing necessary financial resources. For many, this means turning to commercial loans. Securing a commercial loan offers a wealth of opportunities for business owners.
Commercial 
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Phases of Commercial Real Estate Development
Construction Marketing
JANUARY 25, 2023
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.
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Will banking woes drag down commercial real estate?
Construction Dive
MARCH 21, 2023
Given the current economic climate, the dominant outlook is that things might get worse, but there is a silver lining, writes proptech executive David Bitton.
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Wells Fargo CFO calls commercial real estate a ‘long movie’
Construction Dive
FEBRUARY 28, 2024
The office market is under the most pressure, the bank’s finance chief Michael Santomassimo said on Monday.
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Commercial, institutional projects boost construction backlog
Construction Dive
AUGUST 16, 2023
Contractors are signaling that demand for their services will continue to expand despite high interest rates and regional bank failures, said Anirban Basu, ABC chief economist.
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Chicago’s Bank of America Tower completes, opens
BD+C
OCTOBER 14, 2020
At 56 stories, Bank of America Tower is the tallest commercial building to be added to the Chicago skyline in the last 30 years. . Designed by Goettsch Partners, the 1,770,000-sf tower includes a stepped center core, which allows for a 45-foot lease span on each side.
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Minneapolis Fed sees pain in residential, commercial construction
Construction Dive
DECEMBER 11, 2023
A survey by the bank highlighted the divide between hard-hit private projects and booming industrial and infrastructure markets.
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Commercial Construction Real Estate Trends from ICSC 2014
HardHatChat
JUNE 12, 2014
For one week each year, the commercial construction industry converges on the desert city as national retail construction firms, retail brokers and retailers all get together to make deals and plan for the following year. While money is readily available, commercial real estate lenders won’t just give it to anybody. Tenant scrutiny.
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Construction Dive
MAY 15, 2018
A Federal Reserve Board survey revealed that commercial lenders' loan standards are the most relaxed they have been in three years.
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Plans in for 4,800 homes Manchester new town
Construction Enquirer
MAY 9, 2023
Urban renewal joint venture Far East Consortium and Manchester City Council have finally submitted plans to create a new town in the Red Bank area of the city. The plan, which also includes 160,000 sq ft of commercial and community facilities, is one of the largest residential schemes to be brought forward in the city in recent years.
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Office/Retail/Mixed-Use Best Project: Bank of America Tower
ENR Construction
SEPTEMBER 29, 2020
Downtown Houston’s newest high-rise, the 35-story Bank of America Tower, was constructed with the goal of attaining an elite designation for green commercial design.
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How to Increase Cash Flow for Your Construction Business When You Can’t Get the Financing You Need From the Bank
Levelset
SEPTEMBER 30, 2022
As a commercial specialty contractor, it can be frustrating to have the crew, time, and skills you need to take on construction projects but not enough cash to purchase materials. Add in being denied a bank loan, and the frustrations mount. It’s unfair to feel like the bank and the contractor on all of your projects.
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Green Buildings are Subsidizing Conventional Buildings Stymying Climate Progress
Green Building Law Update
APRIL 4, 2021
That improved balance sheet for green buildings translates directly into green buildings having over 30% fewer commercial mortgage backed securities defaults. and admittedly uneven) commercial green building mortgage backed securities market; although several offerings were hugely oversubscribed. Today there is a nascent (.
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GSD: A solid commercial contracting blog demonstrates trust-building talent
Construction Marketing Ideas
MARCH 7, 2018
Lauderdale, FL based GSD Contracting LLC has built the phrase “Building Trust” into its logo — and this commercial contractor has achieved that objective with its well-designed and written blog. Consider this post for example: Top 5 Design Trends: The Future of Bank Construction in South Florida.
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Best and Worst of Commercial Construction Practices in 2009
HardHatChat
DECEMBER 15, 2009
At the beginning of 2009, I don’t think anyone, including a national commercial general contractor like Englewood Construction, was prepared for the twists and turns that would face the commercial construction industry. As this year draws to a close, let’s look back on some of the highs and lows of what was a challenging year.
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How to Stop Further Deterioration of Distressed Commercial Assets
HardHatChat
OCTOBER 15, 2009
Whether you’re a bank with distressed commercial real estate assets on your balance sheet, or you’re a real estate investor/developer who purchased a foreclosed commercial property, creating a viable workout plan can be an uphill battle. I’m not going to sugar coat it.
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Successful Commercial Construction Strategies and Operations: Tip #2
HardHatChat
SEPTEMBER 24, 2009
Key Steps Commercial Developers Can Take to Ensure Their Contractors are Financially Stable. Whether you’re hiring a general contractor , architect, engineer or some other consultant, their ability to pay their subs directly and on time affects the success of your commercial construction project. So how do you avoid all of this?
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SBA 504: Funding Business Growth with Less Capital
Wolgast Corporation
MAY 22, 2023
It is still a nominal rate spanning a longer term than the traditional bank loan. In dealing with our commercial construction clients who have considered the program, we have learned more about the SBA 504 and why some choose to use it or not. Treasury issues plus approximately 3% in fees.
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Gove leans on big investors behind Grenfell cladding firms
Construction Enquirer
APRIL 20, 2023
Major shareholders Blackrock, Vanguard and Fidelity Management, as well as central bank of Norway, have received letters. “To those cladding companies who fail to do the right thing: you will face severe consequences and I will use all commercial and legal tools available to me to ensure you take responsibility.”
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Brady Associates Donate 9,420 Meals to Local Food Banks
Contractor Magazine
JANUARY 22, 2013
Brady, a company that provides energy systems and comprehensive HVAC building solutions for commercial and industrial facilities across North Carolina, announces today that associates across the company’s nine locations raised nearly $1,900 and more than 300 cans of food for donation to local food banks. read more.
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Cub Cadet Renews Partnership with TD Bank
Green Industry Professionals
JANUARY 28, 2019
TD Retail Card Services will continue to support Cub Cadet by providing consumer and commercial revolving credit financing.
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The Construction Software Toolbox Part 2: More Reasons Why It Pays To Work With A Tech-Savvy Commercial Contractor
HardHatChat
MARCH 8, 2016
Mason workers close openings at a Countryside Bank in Chicago. In a post last month, we took a look inside the commercial construction technology toolbox, specifically a rundown of construction management software options that benefit not only the contractor, but also the client. Incorporating the Next Big Thing.
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The Dime is Williamsburg’s newest mixed-use development
BD+C
APRIL 28, 2021
Connecting to the existing Dime Bank at the foot of the Williamsburg Bridge, The Dime is a new 22-story tower that merges retail, commercial, and multifamily units.
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Multiplex pips Mace to £500m BBC TV Centre phase 2
Construction Enquirer
JUNE 21, 2023
Multiplex secured the project following a break-through £120m deal with Stanhope last summer to redevelop the IBM building on London’s South Bank. Multiplex will act as construction manager on the £200m-plus job to deliver 345 flats in two blocks. Multiplex will build out two separate plots designed by practices dRMM and AHMM.
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Hill Group counts on partnership housing to drive growth
Construction Enquirer
APRIL 26, 2023
Hill’s accounts show a £315m land bank of over 12,300 homes, representing £4.6bn of future income, and a balance sheet of £322m together with net cash of £132m. The firm also holds a £220m development funding facility with four high street banks.
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79 Commercial Real Estate Recovery To Accelerate In 2014
Buisness Facilities Contributed Content
DECEMBER 30, 2013
Jones Lang LaSalle’s (JLL) research experts have polished off the firm’s crystal ball and it reveals a clear path to stronger performance expectations for commercial real estate in 2014. The post Commercial Real Estate Recovery To Accelerate In 2014 appeared first on Business Facilities. Posted by Heidi Schwartz .
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Housing slump sees construction output fall
Construction Enquirer
JULY 6, 2023
Civil engineering was the best-performing segment (index at 53.1), with business activity rising at the second-fastest pace since June 2022 while commercial building also expanded at a solid pace in June (index at 53.0), although the rate of growth slipped to a three-month low. A large blot on the landscape was the fall in employment growth.
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Delinquency rate for commercial real estate loans at lowest level in three years
BD+C
SEPTEMBER 3, 2013
Trepp, LLC, a provider of information, analytics and technology to the commercial real estate and banking markets, released its August 2013 U.S. The delinquency rate for US commercial real estate loans in CMBS dropped for the third straight month to 8.38%. CMBS Delinquency Report today.
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Helical to start £100m London office refurb job
Construction Enquirer
MAY 23, 2023
In February, Helical was selected by TfL’s wholly-owned commercial property company, TTL Properties as the investment partner for a planned commercial office portfolio. TfL JV pipeline – Bank Over-Station Development – located above the recently opened Bank station entrance on Cannon Street.
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Steady Optimism Among U.S. Commercial Real Estate Executives, Increased Investor Appetite
Buisness Facilities Contributed Content
MARCH 17, 2014
Commercial Real Estate market are reaching new heights since financial giants fell more than five years ago, according to a survey conducted by Akerman LLP, a U.S. were interviewed by telephone on their perceptions of the health of the commercial U.S. commercial real estate financing in 2014. Posted by Heidi Schwartz.
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US CMBS Delinquency Rate Falls to Lowest Rate in Almost a Year
Construction Business Owner
FEBRUARY 1, 2013
31, 2013) - Trepp, LLC, the leading provider of information, analytics and technology to the CMBS, commercial real estate and banking markets, released its January 2013 U.S. commercial real estate loans in CMBS fell 14 basis points in January to 9.57%. NEW YORK (Jan. CMBS Delinquency Report. The delinquency rate for U.S.
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Combining vision and values; how Keystar is building on the Spottswood family legacyÂ
Construction Today
JANUARY 24, 2024
(SCI) and its affiliates, of which Keystar is one, is a diversified, family-owned organization with investments in real estate, timesharing, marinas, hospitality, construction, broadcasting and banking. Founded in 1992, SCI is in its third decade of active property development.
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Elgin Tower: Elgin's heart beats again
BD+C
DECEMBER 3, 2018
Completed in May 1929 as the headquarters for Home National Bank and Home National Savings and Trust, the 15-story Elgin Tower has had a tumultuous history. Other than a short stint of prosperity in the late 1940s, the tower never achieved its promise as the city’s landmark commercial building. Until now.
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92 Delinquency rate for U.S. commercial real estate loans hits 11-month low
BD+C
FEBRUARY 1, 2013
Trepp, LLC, the leading provider of information, analytics and technology to the CMBS, commercial real estate and banking markets, released its January 2013 U.S. commercial real estate loans in CMBS fell 14 basis points in January to 9.57%. CMBS Delinquency Report. The delinquency rate for U.S. read more.
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Commercial Real Estate To See Moderate Growth In 2016
Buisness Facilities Contributed Content
FEBRUARY 16, 2016
Commercial Real Estate To See Moderate Growth In 2016 originally appeared on Business Facilities - Economic Development, Site Selection & Workforce Solutions. property sector, is expected to see commercial real estate rents rise 3.4 s 2016 Global Real Estate Market Outlook. s 2016 Global Real Estate Market Outlook.
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Green Building Bonds as a Game Changing New Source of Capital
Green Building Law Update
MAY 25, 2014
Department of Energy''s Better Buildings Alliance as an inaugural Green Lease Leader, leading the market by incorporating lease clauses that help overcome market barriers and align tenant and property owner interests to save energy in commercial buildings. In November 2013, Bank of America issued the first ever U.S.
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Brick giant to cut jobs as housing still in doldrums
Construction Enquirer
JULY 10, 2023
It was banking on a second half recovery but in a trading update this morning said: Demand for our products for the rest of the year remains subject to significant uncertainty with rising interest rates widely expected to adversely impact the demand for new homes for the foreseeable future.” last time. .” last time.
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Renters Are Falling Behind on Payments in These 10 States
Pro Builder
OCTOBER 10, 2022
A recent report from MyEListing.com, a commercial real estate website, found that roughly 15% of American households are behind on rent this fall, particularly in states like South Dakota and Alabama, where median rents are on the rise. . Soaring inflation and historically high housing costs are putting increased pressure on U.S.
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Morrisroe Group suffers its first trading loss
Construction Enquirer
AUGUST 6, 2023
“We have been able to convert a number of opportunities in the commercial office sector as well as in the health sector. Over the course of the testing year, cash at bank slipped to £27m from £38m.
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Nearly a Quarter of Millennials Say Homeownership Out of Reach Due to Pandemic
Pro Builder
MAY 5, 2021
Another 23% said the pandemic actually increased their chances of homeownership, according to the Bank of America Research Millennial home improvement survey. million homes while a recent bank note from Jefferies put that shortage at 2.5 Freddie Mac estimated the US was short 3.8 million homes.
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I Just Read my 1000th Phase I Environmental Site Assessment this Year
Green Building Law Update
AUGUST 30, 2020
The majority of our work in reviewing Phase I Environmental Site Assessments is for lenders across the country, much of that undertaken by a non law subsidiary of this law firm, but the fastest growing segment in this space, by far, is Phase Is for commercial tenants. In 2020, the state of the environmental industrial complex is strong.
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Phase l Assessments for Tenants are the Hottest Environmental Issue in 2020
Green Building Law Update
JANUARY 19, 2020
In 2020, an increasingly large number of prospective tenants, from commercial banks to sports apparel retailers and the defense industry are actively seeking protection for existing contamination before signing leases. Such is a dramatically large issue with the economic contribution of real estate to the U.S.
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Your ENERGY STAR Score is About to Fall Precipitously
Green Building Law Update
JUNE 10, 2018
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. sort of) by the U.S.
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