article thumbnail

The Impact of ASC 842 – The New Lease Standard Is Here

Construction Business Owner

The Impact of ASC 842 – The New Lease Standard Is Here. It is time for contractors to get serious about the new accounting lease standard. It is time for contractors to get serious about the FASB ASU 2016?02 02 ASC 842 Leases, the new lease accounting standard issued by the Financial Accounting Standards Board (FASB).

Leases 177
article thumbnail

Report: Real estate leasing will continue to expand in 2020

Construction Dive

The Commercial Real Estate Market Sentiment Survey found that medical space will outpace office and industrial leasing, but there are market red flags that could impact contractors building in these sectors.

Leases 135
professionals

Sign Up for our Newsletter

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

article thumbnail

4 Commercial Construction Industry Trends and Predictions for 2019

HardHatChat

Here are our predictions of the four commercial construction industry trends we expect will shape our work in different sectors – and the construction landscape overall – in the year ahead: Senior Housing Communities Woo Workers with Facility Updates. We know there are more good things to come for our industry in 2019.

article thumbnail

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 can be done through a purchase or lease agreement. To Lease or Sell?

article thumbnail

45L Energy Efficient Home Tax Credit Extended for 2021 by Covid Relief Bill

Green Building Law Update

133, signed into law by President Trump on December 27th, extended the 45L energy efficient home $2,000 tax credit, which had been scheduled to expire last year, to cover qualified new energy efficient homes sold or leased through 2021. For example, if the person that hires a third party contractor (.

Leases 280
article thumbnail

Determining What Your Fleet Needs

Construction Business Owner

As a construction business owner, you can use them to guide your decisions for renting, leasing or buying construction equipment. A widely accepted industry rule of thumb argues in favor of buying equipment when you expect to achieve a utilization factor of 60 percent or higher.

Leases 200
article thumbnail

Cannabis Retail Construction: How to Navigate the Green Rush

HardHatChat

Between 2018 and 2022, Englewood’s national construction work in the cannabis retail industry grew by 100% and we expect that trajectory to continue as more states legalize recreational marijuana use and cannabis firms expand into new markets.

Retail 296