Commercial Property – Biz China NFL Jersey Cheap http://bizchinanfljerseycheap.com/ Mon, 11 Oct 2021 12:31:33 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://bizchinanfljerseycheap.com/wp-content/uploads/2021/07/icon-1.png Commercial Property – Biz China NFL Jersey Cheap http://bizchinanfljerseycheap.com/ 32 32 Arthur J. Gallagher & Co. acquires SeaCoast Underwriters, Inc. https://bizchinanfljerseycheap.com/arthur-j-gallagher-co-acquires-seacoast-underwriters-inc/ Mon, 11 Oct 2021 12:00:00 +0000 https://bizchinanfljerseycheap.com/arthur-j-gallagher-co-acquires-seacoast-underwriters-inc/ ROLLING PRAIRIES, Ill., October 11, 2021 / PRNewswire / – Arthur J. Gallagher & Co. today announced that its U.S. wholesale, enforcement and program brokerage division, Risk Placement Services, Inc. (RPS), has acquired Lake Mary, Florida-SeaCoast Underwriters, Inc. Terms of the transaction were not disclosed. Logo Arthur J. Gallagher & Co. (PRNewsfoto / Arthur J. […]]]>

ROLLING PRAIRIES, Ill., October 11, 2021 / PRNewswire / – Arthur J. Gallagher & Co. today announced that its U.S. wholesale, enforcement and program brokerage division, Risk Placement Services, Inc. (RPS), has acquired Lake Mary, Florida-SeaCoast Underwriters, Inc. Terms of the transaction were not disclosed.

Logo Arthur J. Gallagher & Co. (PRNewsfoto / Arthur J. Gallagher & Co.)

Founded in 1996 by RC Chaffin, SeaCoast Underwriters is a wholesale specialist who serves as a General Management Agency (MGA) with enforceable authority, as well as a surplus line broker, for a wide variety of insurers admitted and not. admitted. The company specializes in the risks of commercial damage, flooding and excessive flooding, personal lines and transportation and garage, mainly in Florida and in 13 other states. Shawn chaffin and its associates will continue to operate from their Lake Marie location, edited by Laura Allen, responsible for binding operations in the South East region of RPS.

“SeaCoast Underwriters has a strong team of dedicated underwriters who will bring additional products and programs to RPS retail agent and broker clients,” said J. Patrick Gallagher, Jr., Chairman of the Board, President and CEO of Gallagher. “We are very pleased to welcome Shawn and his associates to our growing global team.”

Arthur J. Gallagher & Co. (NYSE: AJG), a global insurance brokerage, risk management and advisory services firm, is headquartered in Rolling Meadows, Illinois. The company is present in 57 countries and offers customer service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.

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Voting measures target property taxes, child care income | Politics https://bizchinanfljerseycheap.com/voting-measures-target-property-taxes-child-care-income-politics/ Sun, 10 Oct 2021 06:15:00 +0000 https://bizchinanfljerseycheap.com/voting-measures-target-property-taxes-child-care-income-politics/ A right-wing group wants Colorado voters to approve two voting measures this fall to reduce all property taxes and ensure that the Colorado legislature has the sole authority to appropriate all income, not just that collected by through taxes and fees. Michael Fields, executive director of Colorado Rising State Action, said the two measures, Proposition […]]]>

A right-wing group wants Colorado voters to approve two voting measures this fall to reduce all property taxes and ensure that the Colorado legislature has the sole authority to appropriate all income, not just that collected by through taxes and fees.

Michael Fields, executive director of Colorado Rising State Action, said the two measures, Proposition 120 and Amendment 78, are common sense propositions.

That is why his group, which claims to advance conservative principles and hold the Liberals accountable, proposed and obtained that both measures be put on the ballot this fall.

Carol Hedges, executive director of the Colorado Fiscal Institute, however, called the measures “unnecessary” and “sour,” saying Fields and other supporters of the two measures appear to want to overturn elections they did not win. for their conservative candidates.

She said one measure was already moot due to a bill approved by the Legislature, and the other allows her to be overturned so easily by state lawmakers to make her toothless. .

PROPERTY TAXES

When Colorado voters last year approved the repeal of the 1982 Gallagher Amendment that kept residential property tax rates low and set it at 7.15%, that did not change the 29% rate for commercial properties.

Fields said it wasn’t fair.

“If they hadn’t frozen it at that higher rate, it would have come down further,” he said of the residential rate. “What we did was we took that ratchet and split it between commercial and residential, so that residential doesn’t go down as far as under Gallagher. We are implementing a 9% property tax cut to help families and small businesses as their property taxes rise.

According to Fields’ proposal, the residential rate would drop to 6.5% and the commercial rate to 26.4%.

If the proposal passes, however, he would face a legal challenge.

This is because, in the closing days of this year’s legislative session, lawmakers passed Senate Bill 293, which changed the definition of residential and commercial property with respect to appraisal rates. .

Instead of two categories, there are now five.

This bill, which had bipartisan sponsorship, also reduced the rate for some of these categories, but only for the next two years.

Under it, regular residential properties would be valued at 6.95%, but multi-family properties, from duplexes to apartment buildings, would pay a rate of 6.8%.

Non-residential agricultural properties, such as farms and ranches, and businesses that produce renewable energy would rise to 26.4%, while all other commercial properties would remain at 29%.

Because of this bill, the proposal could end up in court. That’s because the proposal no longer reflects existing law, which means it could be made moot, Hedges said.

Fields, however, said he believed the Legislature had approved the bill, which had the backing of Democratic and Republican lawmakers, including Sen. Bob Rankin, R-Carbondale, just so he could thwart its measure.

“Basically, they’re just changing things and saying, ‘Your law no longer applies now because it’s no longer in the law,’” he said. “It sets a dangerous precedent that whatever they don’t like and know is happening, they can make a difference.”

Fields said if the measure passes, he is already planning to take legal action to say it will take precedence over SB293.

Hedges, however, said the role of the legislature is to pass laws, including lowering taxes if they so choose.

“To me, this is the classic example of why it makes no sense to develop tax policy during the ballot,” she said.

“What is the point of the trial? Are they saying that the legislature does not have the power to lower tax rates? It’s a new take on TABOR, ”added Hedges. “What are they suing for?” I don’t like it because the legislature made our ballot not as cool as we wanted it to be? This is not the basis for a legal challenge.

Hedges said all the measure does is harm local governments, especially in rural areas, because the state does not support property taxes.

She said while it may be nice to cut taxes by around $ 1 billion statewide, as the measure claims, it does have consequences for special districts, such as fires, sewers. and water, not to mention schools, towns and counties.

“Yes, they can go to the polls next year and ask people to raise their factory taxes to generate the exact same amount of money, but what a clumsy way to run a government,” Hedges said. “It’s unnecessary, it’s unfair, it’s a bigger question: it doesn’t make sense that our property tax laws are uniform.”

She said rural areas of the state would be hit hardest by the drop, as property values ​​there aren’t climbing as high as in the Denver metro area. While increasing property values ​​would mean zero impact on richer areas, rural areas that do not have the same increasing values ​​would get less income and be forced to cut services accordingly, Hedges said.

MONEY IN CUSTODY

The second measure, amendment 78, aims to withdraw the powers of appropriation of the governor and the attorney general.

It deals with money the state receives through things like federal special allowances, such as COVID-19 relief payments or money earned through legal settlements initiated by the Colorado Attorney General’s office, including any interest earned on that money, which can all be in the millions of dollars.

While a portion of this income, called “custody money”, is distributed by the Legislature, others can often be considered discretionary and can be distributed directly by the Governor or Attorney General at their discretion.

Some of that money, however, is for specific purposes.

Money from drug company settlements of the opioid epidemic, for example, is typically used to fund treatment programs.

The COVID aid money is intended for things affected by the pandemic, including helping to improve the economy, Hedges said.

Still, Fields said there was no reason why all that money couldn’t be appropriated by state lawmakers, as they already do with tax revenue and money generated from fees and interest earned. .

In this way, the public has a say in where the money goes.

“This money should go into the general fund (of the Legislature) where we can compare it to everything else, and the Legislature be in charge of that money,” he said.

One criticism of the amendment, however, is what to do with the emergency money the state receives, such as fires and floods. Delaying that money to wait for a legislative session or a special session would only slow down the process to get to where it is most needed.

Fields said it was an easy fix.

“They could just go to the next session and say, ‘Look, all the emergency money the governor can spend,’ or up to a certain amount the governor can spend,” he said. “On the first day, they could tell everything was just as it was before. At least we can weigh in and say, “What about this? What about that? ‘ “

If so, then what’s the point of the measure, Hedges asked.

She said it was the first time she had heard this argument in favor of the amendment, saying it made no sense to change the state’s constitution if it could be so easily overturned with a simple draft. law in the Legislative Assembly.

“It’s just unnecessary and it’s going to ruin the work completely,” Hedges said. “It will just force communities to wait when they have emergencies that the legislature did not consider in May regarding the fire that was set to occur in Grand County in October. This one is really disappointing for me. It seems to use the ballot as an offensive tool to react to election results they don’t like.

Because the proposal is a constitutional amendment, it takes at least 55% of voters for it to pass.


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Featured Commercial Real Estate: Front Porch on Auburn Avenue Seeks Local and Regional Restaurant Groups https://bizchinanfljerseycheap.com/featured-commercial-real-estate-front-porch-on-auburn-avenue-seeks-local-and-regional-restaurant-groups/ Fri, 08 Oct 2021 22:47:12 +0000 https://bizchinanfljerseycheap.com/featured-commercial-real-estate-front-porch-on-auburn-avenue-seeks-local-and-regional-restaurant-groups/ The entrance porch on Auburn Avenue is Atlanta’s newest mixed-use development, offering approximately 30,000 square feet of retail space within walking distance of the Beltline’s Eastside Trail, bustling Edgewood Avenue and Georgia State University . Sign up now to receive our daily news alerts Unsubscribe at any time Located near Martin Luther King Jr. National […]]]>

The entrance porch on Auburn Avenue is Atlanta’s newest mixed-use development, offering approximately 30,000 square feet of retail space within walking distance of the Beltline’s Eastside Trail, bustling Edgewood Avenue and Georgia State University .

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Located near Martin Luther King Jr. National Historic Park and along Atlanta’s streetcar route on Auburn Avenue, The Front Porch will serve as a gathering place for the diverse neighborhood to enjoy shopping, dining and living. relaxed downtown.

“Sweet Auburn has a daytime population of over 500,000 people who live, work and play within a 5 mile radius,” said Sam Krueger, retail leasing manager at the Franklin Street Atlanta office. “The Front Porch will serve this eclectic neighborhood as it continues to revitalize itself and become one of Atlanta’s most promising trade corridors.

In addition to the retail and dining space available, the Front Porch will offer a mix of housing units for rent and for sale, including urban gardens and artistic and cultural design elements throughout it. development. Krueger is looking for local Atlanta restaurant groups and regional restaurant groups. Additional tenants could include sit-down restaurants, take-out places to eat, boutique fitness centers, ice cream / dessert concepts, or a unique underground bar concept. Already, there is engaged interest from a fitness group and a local full-service restaurant.

Located in the historic Martin Luther King Jr. neighborhood, the developer, Historic District Development Corporation, was intentional in their plans and commitment to maintaining the historic significance and character of the neighborhood. Many have called the Front Porch “Atlanta’s first equitable development project”.

For more information on The Front Porch, contact Sam Krueger of Franklin Street at 404.649.6268 or click here.

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Neighborhood residents versus more apartments nearby; city ​​approves the rezoning of the Willow lot | New https://bizchinanfljerseycheap.com/neighborhood-residents-versus-more-apartments-nearby-city-%e2%80%8b%e2%80%8bapproves-the-rezoning-of-the-willow-lot-new/ Fri, 08 Oct 2021 01:00:00 +0000 https://bizchinanfljerseycheap.com/neighborhood-residents-versus-more-apartments-nearby-city-%e2%80%8b%e2%80%8bapproves-the-rezoning-of-the-willow-lot-new/ Some Enid residents oppose plans to build more apartments near their homes, near the intersection of Willow and Van Buren. David Moore, who lives in the Willow Run Addition between Burgundy Place and High Point Mobile Home Park, said he collected signatures in the neighborhood ahead of Tuesday’s public hearing for the rezoning of a […]]]>

Some Enid residents oppose plans to build more apartments near their homes, near the intersection of Willow and Van Buren.

David Moore, who lives in the Willow Run Addition between Burgundy Place and High Point Mobile Home Park, said he collected signatures in the neighborhood ahead of Tuesday’s public hearing for the rezoning of a nearby commercial property.

Moore said that while he was not concerned about businesses such as a liquor store apparently planned for space at 1120 W. Willow, he did not want another apartment complex near. his home.

The new owner of the property, Mohammad Jamshed, said he plans to build commercial facades on the property facing Willow, with a 40 to 60 unit apartment complex to the rear. Jamshed also has the Phillips 66 gas station stop further west on Willow and the Kings Travel Plaza and Valero station stop on North Van Buren.

“We want to see commerce, but we don’t need more apartments,” Moore told Enid city commissioners.

He said he and other residents of Willow Run and the Northgate subdivision have already struggled to get out of their neighborhoods since construction began in March 2019 on an apartment complex at 1410 W. Willow.

“Getting out of our area is difficult some days,” said Moore. “It gets frustrating sometimes. “

The low-rental housing project, called Manor on Willow, was originally due for completion in December 2020 but is still under construction.

Residents of the same neighborhoods had also expressed concerns about the complex at several town hall meetings.

David Unruh, who said he had friends living in the area, suggested the city should install a traffic control light on either of the planned apartment building streets crossing Willow. .

Commissioners unanimously approved the commercial rezoning request on Tuesday, following a recommendation from land use commissioners last month.

Planning administrator Chris Bauer said the lot’s previous C-2 commercial zoning had the same uses as the newly granted C-3 commercial districts – only the setbacks are larger.

A property zoned as C-2 must be set back at least 50 feet from a street or floodplain, rather than the minimum 25 feet required for a C-3 property.

“When you develop narrow ground, like (Jamshed) did, it benefits him,” Bauer said.

Jamshed previously said the back half of the site, where the apartments would be located, would later be rezoned into an R-7 multi-family residential neighborhood.

Jamshed also said construction on the already developed area would not begin until a site plan being drafted was submitted to the city of Enid for final approval.

“So we have to watch what’s going on there, and so we can file our complaint on time,” Moore said Tuesday.


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Mortgage Contracting Services appoints Craig Torrance as CEO https://bizchinanfljerseycheap.com/mortgage-contracting-services-appoints-craig-torrance-as-ceo/ Thu, 07 Oct 2021 13:30:00 +0000 https://bizchinanfljerseycheap.com/mortgage-contracting-services-appoints-craig-torrance-as-ceo/ Chad Mosley will continue to serve as President of MCS as an industry leader expanding its services into existing and new markets. LEWISVILLE, Texas, October 7, 2021 / PRNewswire / – Mortgage Contracting Services (MCS), a national provider of residential and commercial real estate services, has selected Craig torrance to hold the position of Chief […]]]>

Chad Mosley will continue to serve as President of MCS as an industry leader expanding its services into existing and new markets.

LEWISVILLE, Texas, October 7, 2021 / PRNewswire / – Mortgage Contracting Services (MCS), a national provider of residential and commercial real estate services, has selected Craig torrance to hold the position of Chief Executive Officer. Chad Mosley will continue as President of Residential Services.

In his new role, Mr. Torrance will oversee the company’s strategic initiatives, including the growth and expansion of services within the company’s core default field service offering. He will also lead the company’s expansion in residential and commercial maintenance solutions.

“We are delighted that Craig is joining the team. We are confident in his vision and leadership and believe that he brings the right skills and experience to build on MCS’s success to date, ”said the chair of the MCS board. Caroline reaves.

“I would also like to thank the president of MCS Chad Mosley for his leadership over the past few months, ”said Ms. Reaves. “Chad continues to do an exceptional job running our property preservation business and providing the best customer service in the industry. We are incredibly fortunate to see him continue in his role as President. “

Prior to joining MCS, Mr. Torrance served as Senior Vice President at Brightview, one of the nation’s leading exterior maintenance companies. In this role, Mr. Torrance led Brightview Enterprise Solutions, the company’s business unit that provides nationwide commercial property maintenance services to large accounts in several business segments.

“I am excited about this new opportunity and the chance to lead such a great team at MCS,” said Mr. Torrance. “Caroline and Chad have done a great job positioning MCS as an exceptional provider of property preservation services and creating an exciting opportunity to expand into new commercial property services. I think the future is very bright at MCS. “

About MCS
For 35 years, MCS has protected, preserved and served communities across the country. Some of the largest and most respected banks, lenders and mortgage services, as well as real estate and insurance companies, trust MCS to provide a variety of real estate related services for millions of homes and businesses. ‘businesses across the United States. MCS is used to providing these services in a highly regulated environment, the proven ability to manage large volumes of properties and a solid background in recruiting and monitoring a substantial supplier network. More information is available at mcs360.com.

Media contact:
Marc Annick
800-559-4534
mark@androvett.com

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BP takes over a New York start-up that transforms buildings into “virtual power stations” https://bizchinanfljerseycheap.com/bp-takes-over-a-new-york-start-up-that-transforms-buildings-into-virtual-power-stations/ Thu, 07 Oct 2021 02:02:00 +0000 https://bizchinanfljerseycheap.com/bp-takes-over-a-new-york-start-up-that-transforms-buildings-into-virtual-power-stations/ BP has strengthened its growing presence in the electricity sector with the acquisition of Blueprint Power, an American distributed technology start-up that aims to transform commercial buildings into “virtual power plants” capable of exchanging energy green and now plans a major expansion under the wing of the supermajor. Blueprint said that with the help of […]]]>

BP has strengthened its growing presence in the electricity sector with the acquisition of Blueprint Power, an American distributed technology start-up that aims to transform commercial buildings into “virtual power plants” capable of exchanging energy green and now plans a major expansion under the wing of the supermajor.

Blueprint said that with the help of BP, it hopes by the end of 2022 to nearly triple to 36 megawatts the aggregate generating capacity of buildings that use its cloud-based software and services based on advanced algorithms to manage and flexibly sell the excess energy they produce on site. renewables such as photovoltaic modules.

Robyn Beavers, founder and CEO of Blueprint, told Upstream’s sister publication Recharge that growth would be driven by expansion beyond New York City, where the company is already working with some of the largest owners of commercial buildings in the city to help decarbonize their building fleets, balance the grid and open up new sources of income through the sale of electricity.

Boston is next on Blueprint’s radar, with other U.S. cities and a later global expansion slated for the startup, which was founded in 2017 in response to regulatory changes introduced after Hurricane Sandy hit New York five years earlier, wreaking havoc on power supplies. and spur efforts to improve energy resilience.

“This is a country independent problem, the solution we have developed can be useful in cities around the world,” Beavers said.

Texas-sized opportunities

Texas cities are among those where Blueprint sees early opportunity, Beavers said, with that state’s own energy system firmly in the spotlight following catastrophic blackouts earlier this year.

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Beavers said: “It is clear that there are a lot of things that could be improved to prevent this from happening. One is better energy management behind the meter in buildings, there is very little in Texas at the moment. This would have been one of the main risk reduction factors [to prevent future problems]. “

The financial terms of the acquisition of Blueprint, which was previously backed by venture capital, were not disclosed and will now join the British energy giant’s BP Launchpad portfolio of startup incubators.

Beavers – whose own energy career began at Google in the tech giant’s early days, and also included spells at Vestas and NRG – said BP would open new doors to Blueprint with its global reach and expertise in areas such as energy trading. .

The oil and gas giant is already on its way to becoming a major player in New York’s renewable energy sector through its stake in giant offshore wind farms that later in the decade will begin supplying the state with green energy.

Blueprint is active in electric vehicle charging through a pilot program with the New York State Energy Research and Development Authority (NYSERDA), which will see the deployment of 150 EV chargers in a building in Queens that uses the company’s technology.

Beavers said the project is particularly important for “connecting the world of building electrification and mobility” and aims to show how advanced management technology can dramatically reduce the cost of deploying electric vehicle charging.

Sam Skerry, senior vice president of BP Launchpad & Ventures, said: “Decarbonizing dense urban areas is a major challenge as we work to play our part in achieving a net zero world. Blueprint’s technology can help achieve this critical transformation. This can help secure access to renewable energy and, most importantly, create new business opportunities for many sectors.

“This is exactly the type of business BP wants to grow and scale quickly with our BP Launchpad accelerator. “

BP is part of a group of European groups leading the push towards renewable energies by global oil and gas players. In addition to its New York offshore wind projects with Equinor, BP has a long-standing US onshore wind portfolio and is making large-scale solar investments there.

BP’s primary goals are to develop 20 net gigawatts of renewable assets globally by 2025 and 50 GW by 2030, as part of a goal of becoming a net zero enterprise by 2050.

(This article first appeared in Upstream’s sister publication on renewable energy, Recharge, on October 6, 2021)


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How the all-electric, all-digital transformation is paving the way for future success https://bizchinanfljerseycheap.com/how-the-all-electric-all-digital-transformation-is-paving-the-way-for-future-success/ Wed, 06 Oct 2021 15:41:10 +0000 https://bizchinanfljerseycheap.com/how-the-all-electric-all-digital-transformation-is-paving-the-way-for-future-success/ Annick Villeneuve Northampton, MA –News Direct– Schneider Electric Thanks to the electrification and digitalization of properties, today’s real estate investors, owners and operators can achieve these ambitions and make their facilities sustainable. If you own or operate commercial real estate, this blogging series could be one of the most important things you read over the […]]]>

Annick Villeneuve

Northampton, MA –News Direct– Schneider Electric

Thanks to the electrification and digitalization of properties, today’s real estate investors, owners and operators can achieve these ambitions and make their facilities sustainable.

If you own or operate commercial real estate, this blogging series could be one of the most important things you read over the next few months. You will understand why the “all electric, all digital” properties will play a crucial role in the success of your business, allow you to understand what these terms mean and how they can have a positive impact on your buildings, your operations, your tenants and your results. .

Schneider Electric’s vision for buildings of the future is particularly relevant to today’s commercial real estate market. Its leaders will have portfolios that will fully embrace sustainability, hyper-efficiency, resilience and the people-centered approach. Thanks to the electrification and digitalization of properties, today’s real estate investors, owners and operators can achieve these ambitions and make their facilities sustainable.

So what is the commercial real estate market asking for today, and what kinds of electrical and digital upgrades should you consider?

A whole new world for commercial real estate

Today’s challenges in the commercial real estate market are unique and unprecedented, and “all bets are on” to predict how things will develop. Nonetheless, this will undoubtedly include the need to re-attract tenants, minimize operating costs and meet sustainability goals while complying with regulations. This will cause some introspection within organizations as they attempt to determine what tools are needed to be successful under the post-COVID “new normal”.

Against this background, I guess your building’s electricity supply has been a relatively minor concern. If the building’s designers ensured that it complied with electrical codes, that was enough. And energy bills may not be a significant percentage of operating costs, so you pay them. As long as the building is functioning, you may find that there is nothing to worry about.

However, when you start to think about How? ‘Or’ What electricity affects almost every aspect of building operations and tenants, you can begin to appreciate its real value. This value and the way you manage it continues to increase, and building codes aren’t changing fast enough to meet the needs of the market.

In 2030, you might have a building to code, but it might be totally unusable and unsaleable. It’s not that the code is no longer needed; it’s about staying one step ahead to anticipate future needs. Here are three trends to consider:

1. We no longer burn “things” in buildings

When we say it will be an “all-electric future” what do we mean? Simply put, we will stop burning things, and there are a lot of “things” causing this fatality.

An article in the New York Intelligencer noted that “the era of climate denial is over, thanks to extreme weather conditions, the march of science and the historic work of activists … The cultural cachet of the oil companies is rapidly approaching that of the companies. tobacco… Virtually every leader in every country and every big figure in every company and industry now feels compelled – due to protests and social pressure, economic realities and cultural expectations – to at least show their support to climate action. “

While responding to the European Commission’s proposal to bring the EU to net zero emissions by 2050, a McKinsey report confidently states: “Most of the technologies needed to decarbonise the building sector are already available” . However, to achieve the target, “gas consumption in buildings should also be reduced by more than half”.

Driven by government mandates and corporate sustainability goals, CRE buildings are encouraged on the path to 100% electrification. We receive many calls from real estate investors and investment trusts asking us how to improve their portfolios so that they are greener, more sustainable and ready for this new future.

We often recommend:

But how can these upgrades be profitable and generate a return on your investment?

The capital could come from the many organizations and funds seeking greener investments in companies demonstrating sustainable practices.

Richard Kelly of Legal & General Investment Management said: “Environmental, social and governance [ESG] investing is now at the forefront… Millennials in particular want their investments to have a low carbon footprint… People say they don’t want fossil fuels, but renewables. In fact, futurist Jeremy Rifkin predicts that the future of the fossil fuel industry is bleak, stating: “Citigroup, a big bank, says that could represent some $ 100,000 billion in assets stranded in civilization. fossil fuels. The Economist The magazine’s intelligence unit said it was at least $ 40 trillion.

2. Support the explosive growth of electric vehicles

To reduce U.S. greenhouse gas emissions by 50% by 2030, President Biden recently signed an executive order that half of all new cars sold in the United States be electric. by 2030 (it is currently only around 2%). ICCT reported in 2020 on EV targets announced by other major countries. For example, Canada and Singapore pledge to become all electric vehicles by 2040, France to all passenger and light commercial electric vehicles by 2040, Germany to all passenger electric vehicles by 2050 , Denmark to all electric passenger vehicles by 2035 and the United Kingdom to all passengers and vans. VE by 2035.

What will be the impact of these commitments on the built environment?

Think about it: about 90% of people’s lives are spent indoors. This is when they want their EV to charge. Every building in the world, whether it is a residence, an office, a shopping center or a hospital, will take on the additional role of vehicle charging station. Some cities in the United States already require that 25 or 30 percent of new parking lots and lots must be capable or ready to be replaced with electric vehicles.

McKinsey estimates that “up to 130 million electric vehicles could share the world’s roads by 2030 … commercial on-site charging will need to become a standard feature of buildings over the next ten years to meet consumer demand.” . For existing buildings, this means the need to upgrade. “Charging electric vehicles on a large scale requires careful planning of a building’s power distribution system as well as the infrastructure of the local power grid. “

This type of infrastructure extension will require a building permit and possibly consultation with the local utility. It will also require selecting the safest and most optimal charging, engineering and installation solutions, and, of course, having sufficient capacity.

Fortunately, today’s technology allows this upgrade to easily adapt to a building’s electrical switchgear and be scalable if needed. You’ll also need the digital infrastructure to manage it, with analytics to balance load requirements and maintain building comfort and resiliency.

Serving electric vehicle owners and fleet charging needs will be a huge opportunity for CRE professionals to improve the value of their properties and use the convenience of on-site charging as a differentiator to attract the most tenants. research. By starting now, you will anticipate the electric vehicle charging regulations that are likely to come for other parts of the world.

read the full blog on the Schneider Electric website

See additional multimedia content and more ESG stories from Schneider Electric at 3blmedia.com

See the source version on newsdirect.com: https://newsdirect.com/news/commercial-real-estate-how-the-all-electric-all-digital-transformation-sets-a-path-for-future-success – 834188242


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Benefits of landscaping for your commercial property https://bizchinanfljerseycheap.com/benefits-of-landscaping-for-your-commercial-property/ Wed, 06 Oct 2021 03:52:55 +0000 https://bizchinanfljerseycheap.com/benefits-of-landscaping-for-your-commercial-property/ No matter what type of business you run, a good first impression goes a long way. The way your business is presented can determine how professional you look, and that doesn’t always mean having a stylish website and accurately presenting yourself. Your commercial property is another opportunity for you to impress new and existing customers. […]]]>

No matter what type of business you run, a good first impression goes a long way. The way your business is presented can determine how professional you look, and that doesn’t always mean having a stylish website and accurately presenting yourself. Your commercial property is another opportunity for you to impress new and existing customers. The interior of your building should represent your brand, but what about the exterior? Using commercial landscaping experts can take your business to the next level, making new customers’ first viewing experience a great one!

Today we’ll discuss some of the potential benefits of landscaping your commercial property, propelling your business to new heights.

Increase property value

If the owner of the premises wants to invest in a project that will provide him with a significant return, he must think carefully about it. Reselling your home with a landscaped yard can increase its value by up to 14%. In addition, it could shorten the sales process by up to six weeks. A crucial aspect of home ownership is maintaining the landscape of the property.

You should also consider the additional features that will make your commercial property more attractive to buyers when landscaping in the hopes of increasing the value. Here are some of the landscaping elements that offer the best return on investment:

  • Car park: Having parking at a commercial site is essential, but you will reap the greatest benefits if you maximize its convenience. During the winter months, remove moss from sidewalks to prevent slipping, trim hedges and repaint road markings regularly.
  • Gateways: The next owner of your property will have one less worry once they move in, as safe, unobstructed driveways will keep their staff and visitors safe. Make sure the walkways are signposted and are not too crowded with shrubs, hedges and other vegetation.
  • Panels: It is always better to have a convenient website. However, incorporating signage into the design of your commercial property could make it much more practical whether or not you consider it when planning the landscaping. Also, do not allow overgrown vegetation to obstruct or cover the panels.
  • Water characteristics: Commercial properties with a larger budget will always have water characteristics. Water bodies such as ponds, streams, and fountains give the appearance of an upscale site, but their maintenance is expensive.

Increase customer attention and retention

An organized and well-maintained landscape is essential to reflect the quality of your service and will influence customer opinion of your business.

Various plant species, such as flowering shrubs and trees, perennials and ornamental grasses, are the current trends in commercial landscaping today. Trendy designs will therefore look great and will infuse a modern touch throughout your business, both improving the perception of your business by customers and allowing it to be more attractive. Beautiful and attractive views can affect the psychological well-being of an individual, causing feelings of happiness and bliss. The results for your business will make a positive impression on clients, clients and potential employees, allowing you to build trust and lasting relationships.

Glass building with green plants placed in front.

Increase safety and security

Along with making your property look great with landscaping, it is also essential to make sure that it is safe, secure, and healthy. Your visitors and employees will be protected from accidents by well-designed and regularly maintained landscaping.

On the one hand, hedges, trees and other overgrown foliage can obstruct pathways and create large blind spots that make turning difficult for passing motorists. If you keep these branches trimmed regularly, you can ensure a clear view of the surrounding roads and prevent falling branches injuring pedestrians or vehicles in the garage (this could also result in significant compensation costs).

While landscaping is usually associated with plants, trees, and flowers, lighting can also be one of them. Good lighting can serve as both a decorative and a functional element. When the mornings and evenings are barren during the winter months, excellent lighting along the paths and walkways will be vital.

According to one study, crime rates were lower in areas with more foliage. A well-planned landscaping project can also improve security and, therefore, deter intruders. In particular, landscaping can be used to block access to areas that must be kept inaccessible, such as ground floor windows and electrical boxes.

A building with a swimming pool and trees around it.

Increase staff morale

Today more than ever, employers are increasingly aware that providing a pleasant work atmosphere has a direct impact on employee morale and productivity. And while there are many factors that contribute to employee well-being, landscaping can play an important role.

More UK workers than ever are skipping their breaks to keep working, according to a recent study which found that up to 56% admit they never take a full lunch break. It can become a big deal for you if you don’t take breaks as it can lead to mental fatigue, more stress, and less fulfillment in your role.

Taking the time to design an inviting outdoor space that creates a positive atmosphere is a great way to motivate your employees to enjoy the fresh air, relax, and unwind. This allows them to maintain a better balance between work and leisure because they feel revitalized, alive and motivated when they resume their function.

Seeing plants or trees, even outside the window, can reduce stress, in addition to providing wellness benefits when enjoying the scenery outside. By increasing employee satisfaction and happiness, your organization will achieve better employee retention and progression.

Save money and time

Maintaining your commercial property can be greatly simplified and cost effective with the help of a landscaping company. Meet your needs, stay on budget, and determine how often each service needs to be performed using our personalized maintenance plans. Having such a plan allows you to focus on what is most important: building your business.

Professional landscaping not only gives you more free time, but also provides you with the best equipment in the industry that will keep your outdoors looking great. Plus, since the necessary hardware will be included in your package, you won’t have to invest in this item, saving you even more money.


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Healthcare real estate investor takes over massive Stemmons skyscraper https://bizchinanfljerseycheap.com/healthcare-real-estate-investor-takes-over-massive-stemmons-skyscraper/ Tue, 05 Oct 2021 12:01:00 +0000 https://bizchinanfljerseycheap.com/healthcare-real-estate-investor-takes-over-massive-stemmons-skyscraper/ A Wisconsin-based medical real estate company has purchased the largest office building in the Dallas Stemmons Freeway corridor northwest of downtown. The 20-story Trinity Towers at Stemmons Freeway and Inwood Road are adjacent to the Southwestern Medical District and close to Dallas Love Field. Built in 1982, the huge office complex has just been purchased […]]]>

A Wisconsin-based medical real estate company has purchased the largest office building in the Dallas Stemmons Freeway corridor northwest of downtown.

The 20-story Trinity Towers at Stemmons Freeway and Inwood Road are adjacent to the Southwestern Medical District and close to Dallas Love Field.

Built in 1982, the huge office complex has just been purchased by Milwaukee-based Hammes Partners.

Commercial real estate company Newmark Group arranged for the sale of the building by owners Stanton Road Capital and Third Lake Capital.

“Trinity Towers has provided Hammes with an ideal opportunity to gain critical mass in Dallas’ first emerging market and the growing life sciences cluster,” Newmark’s Chris Murphy said in a statement. “Hammes is ideally placed to continue pursuing additional conversions in medical practice or in the life sciences.

“Currently, a significant portion of the leasable area of ​​Trinity Towers is leased to top quality healthcare-oriented tenants, demonstrating the long-term value for research healthcare tenants. clinical and non-clinical spaces adjacent to a campus that is at full capacity.

Previous owners have invested over $ 10 million in building improvements.

Major tenants of the tower include Aetna Life Insurance, Children’s Medical Foundation of Texas, Neilson Audio and Wellness Centers of Texas.

The office building is adjacent to one of the county’s largest medical centers. The Southwestern Medical District includes seven hospitals and educational institutions and employs 37,000 people. Almost 3 million patients are treated in the district each year.

Newmark officials say Trinity Towers “is in the process of switching to the use of a doctor’s office.”

The newly sold building sits on the highway of the 23-story Pegasus Park project, which includes an 18-story office tower and surrounding buildings being converted into a state-of-the-art home for businesses. biotechnology companies and non-profit organizations.

Murphy, Gary Carr, Robert Hill, John Alvarado and Chase Tagen of Newmark marketed the Trinity towers for sale.

New owner Hammes was founded in 1993 and has managed over 57 million square feet of healthcare properties valued at $ 23 billion.


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LBX Investments purchases Evergreen Plaza shopping center in Lormax Stern, Fortress https://bizchinanfljerseycheap.com/lbx-investments-purchases-evergreen-plaza-shopping-center-in-lormax-stern-fortress/ Mon, 04 Oct 2021 17:26:41 +0000 https://bizchinanfljerseycheap.com/lbx-investments-purchases-evergreen-plaza-shopping-center-in-lormax-stern-fortress/ The property also serves as a case study illustrating the evolution of the commercial real estate market over the past decades. Opened in 1952, Evergreen Plaza was the country’s first regional mall and became America’s second indoor mall after a renovation in the 1960s. But it started to decline in the 1980s and was largely […]]]>

The property also serves as a case study illustrating the evolution of the commercial real estate market over the past decades. Opened in 1952, Evergreen Plaza was the country’s first regional mall and became America’s second indoor mall after a renovation in the 1960s.

But it started to decline in the 1980s and was largely vacant by 2013 after losing a bunch of tenants. Lormax Stern demolished the mall in 2015 and remodeled the property with its current, smaller iteration, rental space in the new mall to tenants such as Whole Foods Market, Burlington, TJ Maxx, Planet Fitness and Ulta Beauty.

Evergreen Plaza is 94% occupied, but that does not include an empty 120,000 square foot Carson store at its south end that was not included in the sale to LBX. The Carson’s department store chain closed the store when it went bankrupt in 2018. The company that bought the Chapter 11 chain reopened the store later in the year to close it again in 2020.

Lormax Stern and Fortress retained ownership of the Carson store, according to a spokesperson for JLL. But CBRE is marketing the space for rent or sale, confirmed Joe Parrott, senior vice president of CBRE’s Chicago office.

Representatives for LBX and Lormax Stern did not return the calls. JLL Managing Directors Amy Sands and Clinton Mitchell and JLL Managing Director Michael Nieder hosted the sale at LBX.

LBX, based in Studio City, Calif., Paid $ 67.3 million, or $ 263 per square foot, for Evergreen Plaza, its first acquisition in the Chicago market. He funded the deal with a $ 45.4 million loan from Angel Oak Commercial Lending, according to JLL.

Lormax Stern and Fortress put the property up for sale at what seemed like a bad time last year: just as the pandemic pushed the economy and the commercial real estate market over a cliff. Retail owners suffered when tenants closed their stores and many stopped paying rent, and consumers shopped more online. In an uncertain future, investment activity has practically come to a halt.

While the pandemic remains a threat, buyers have returned to stores this year and the retail real estate market has rebounded. The values ​​of U.S. malls are up 6% from pre-COVID levels and are just below their peak in late 2016, according to a recent report from Green Street Advisors, a California-based research firm.

Grocery-anchored malls, like Evergreen Plaza, also remain popular with investors. Since most consumers still buy their groceries from physical stores, investors see them as less vulnerable to competition online and are willing to pay for properties. In the largest local retail real estate sale since the onset of the pandemic, a Boston investor paid nearly $ 71 million in May 2020 for a Whole Foods store in Lakeview.


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