Home Builder Developer - Interior Renovation and Design
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April 23, 2020 by
Mr HomeBuilder
Trammell Crow has also committed to setting aside 10 percent of the multifamily rental apartments as affordable units.
KINGSTON The proposed four-story, 282-unit apartment complex at Kingston Collection can go forward with a $385,000 commitment from the developer toward the cost of a new fire engine and other money to be spent as the town sees fit.
The Planning Board voted 5-0 Monday night to approve a special permit for Trammell Crow Residentials development at the former Sears location.
Planning Board Chairman Tom Bouchard said negotiations with the company focused on the developers offer towards the cost of a new fire engine and the cost associated with building sidewalks, but funding specifically for sidewalks is not part of the agreement.
Instead, Trammell Crow has committed to $150,000 for the fire engine and $235,000 toward costs for the public benefit. Bouchard said the $235,000 could still be spent on sidewalks or nearby intersection improvements, or additional funding could be applied toward the cost of the fire engine.
Trammell Crow Residential Development Manager Mark Baranski said from their standpoint they dont see the value in giving the town money for sidewalks and would rather see the $235,000 benefit the town.
Planning Board members agreed to this, although Bob Gosselin did question the timing of the payment of the $385,000. The recommendation was that Trammell Crow pay the town before approval of an occupancy permit.
Gosselin suggested that the company be required to pay the town before approval of a building permit instead.
Baranski said the preference is always to delay large expenditures until they are really needed, and with his understanding that the money for the fire truck isnt needed in the next several months, thats why the company has built in some wiggle room.
Gosselin asked what happens if Trammell Crow decides not to proceed with developing the project or sells it.
Baranski said legal language as part of site plan approval spells out that only the limited liability corporation that owns the land for Trammell Crow, or its successors, can develop this project under this permit. He said its essentially about satisfying debt and equity partners.
The intention is to go forward as planned, Baranski said. Its us. Were with you going shoulder to shoulder through this project.
The Planning Board added to the list of conditions of approval to ensure that the project would be substantially the same as proposed at this time by requiring that the plans are in substantial conformance with the plans before the start of construction.
Trammell Crow attorney Jim Ward suggested this language to satisfy Planning Board members concerns that the plans could at some point be altered. Ward said its not that unusual to include this kind of language so it satisfies their concerns that the lenders would be comfortable with it.
Bouchard initially asked for the Planning Board to get a final look at the final plans before the start of construction, just in case the project changes hands, but he and the other Planning Board members agreed to the condition as long as the development meets or exceeds the standards set in the final draft.
Our objective would be that it meets or exceeds your preliminary drawings, Bouchard said. Thats our goal.
While most of the conditions are standard conditions, including submission of final architectural and landscaping plans, Trammell Crow has also committed to setting aside 10 percent of the multifamily rental apartments as affordable units.
Follow Kathryn Gallerani on Twitter @kgallreporter.
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Approval for Kingston Collection apartments includes $385,000 - Wicked Local
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April 23, 2020 by
Mr HomeBuilder
Tetra images / Getty Residential housing development
There's no doubt about it: March's housing numbers were awful.
As reported by the U.S. Census Bureau and the Department of Housing and Urban Development on April 16, new home construction starts for single-family homes -- the sort provided byD.R. HortonandNVR'sRyan Homes -- were down 17.5% from February 2020.
Considering how disruptive the coronavirus has been to the overall U.S. economy, with more than 90% of Americans under stay-at-home or similar orders, that may seem like an indication that things aren't so bad. But the underlying context reveals bad news for homebuilders and other stocks that benefit from a strong housing market, likeHome DepotandLowe's.
Let's put that 17.5% number into context.
First of all, it only refers to single-family homes. While that's the only number that may matter to homebuilders like D.R. Horton and NVR, it's not the only part of the housing market. Starts for new multi-family homes (like apartment complexes) with five or more units tumbled 31.6%. That means overall housing starts fell by 22.6% from February to March.
Related video: Existing home sales fall 8.5% in March (provided by CNBC)
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That still may not seem like a huge number, given everything that's going on right now, but it's the biggest month-over-month percentage drop in starts in more than 35 years. You'd have to go back to March 1984 (what is it with March and housing declines?) to find a larger single-family home drop of 26.4%.
Even with that giant monthly drop, though, housing starts were still up 1.4% year-over-year. Rock-bottom mortgage rates drove up demand through late 2019 and into February 2020. So, if things are up year-over-year, that's not so bad, right?
Wrong.
It's easy to forget that the coronavirus pandemic hasn't actually been going on all that long. While the first confirmed U.S. case was identified on Jan. 21 in Washington state, it was March 4 before the U.S. had 100 confirmed cases, and March 11 before the U.S. surpassed 1,000 confirmed cases. March 11 was also the day the World Health Organization declared the then-outbreak a coronavirus pandemic, and a lot of government organizations and businesses suddenly started taking action.
Before March 11, though, it was more or less business as usual in the housing market. Indeed, in a March 9 survey of its members, the National Association of Realtors found that just 16% of them saw a decrease in interest among buyers, and only 19% reported sellers considering pulling their homes from the market.
In other words, about one-third of March was over before COVID-19 started to have an impact on the national housing market. Andit wasn't until March 19 that California issued the first statewide stay-at-home or similar order.
So, while it sure mayfeel like you've been cooped up in your home forever, March was about two-thirds over before anyone outside a handful of West Coast municipalities was being forced to stay at home. Just 20 states had issued stay-at-home or similar orders by March 26.
With that in mind, let's look at those March housing numbers again.
If the housing market wasoperating on, for want of a better term, "pre-coronavirus" status for the first third of March, and was severely (although not completely) impacted by coronavirus-related shutdowns for the last third of March, then it's likely that real estate activity in March was probably in between "pre-coronavirus normal" (February) and what we'll see in April. In other words, hold onto your hats when the April numbers come around!
By April 7, 42 states had issued statewide stay-at-home orders, with additional orders affecting the largest cities in three more states (Oklahoma, Utah, and Wyoming). Of the top 100 cities in the U.S. by population, the only two currently unaffected by a stay-at-home order are Omaha and Lincoln, Nebraska. That's likely to be the status quo for most, if not all, of the month.
While in many states, home construction is deemed an "essential business" that's exempt from stay-at-home orders, housing completions fell 6% in March, suggesting that the coronavirus was still having an impact on construction work.
That impact is likely to be even larger in April. After all,if no customers are out buying new homes -- especially in the major urban real estate markets -- it isn't going to matter how many workers are available. The number of new residential building permits being pulled rose 6.5% in March, suggesting that fewer starts are likely next month.
National Association of Home Builders (NAHB) Chief Economist Robert Dietz agrees, saying in an article on the NAHB website, "We expect further declines in housing starts in April."
If you thought March's residential housing report was bad, brace yourself for a downright ugly report in April.
The data suggests that April's housing numbers are going to be even worse than March's. While homebuilder stocks and those of companies affected by the residential housing market like Home Depot and Lowe's largely shrugged off the March report, they may not be able to do the same in April.
Investors looking to buy stocks should probably wait until the other shoe drops before putting money into this troubled sector.
John Bromels has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Home Depot and NVR. The Motley Fool recommends Lowe's and recommends the following options: long January 2021 $120 calls on Home Depot and short January 2021 $210 calls on Home Depot. The Motley Fool has a disclosure policy.
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now, and D.R. Horton wasn't one of them. That's right, they think these 10 stocks are even better buys.See the 10 stocks.
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Why the latest housing numbers are worse than they look - msnNOW
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April 23, 2020 by
Mr HomeBuilder
Given the coronavirus pandemic around the world, things have been different for the people, schools, professionals on the frontlines, and the business industries, especially real estate. Due to the threat to life brought by the coronavirus disease, different governments have declared community quarantines and lockdowns to slow down the spread of the virus.
With the different establishments ordered to stop operations until further notice, the realty business is undeniably one of the most affected industries across the globe. While the degree of the effects will depend upon the market and other relevant factors, the truth remains that the impacts are going to get worse throughout the duration of the economic shutdown.
Keep reading this article to learn how the realty business is severely affected by the pandemic.
People Refuse To Buy Homes Because Theyre Fearful
Real estate is one of the major industries in the market today. With more people buying houses and other real properties for investments, the sector is undeniably booming, not until the global outbreak of a life-threatening coronavirus disease.
Even if you want to make some sales despite the pandemic, you might not be able to do so because more and more people are becoming fearful of going outside their homes and instead of buying real estate properties. This situation has started to complicate both the buying and selling process due to many people worldwide being ordered to stay at home, unable to enter into a real estate transaction. As a result, several realty companies might fail to make more sales, resulting in a loss of profits in the long run.
For example, if you have real estate assets belonging to a deceased estate in Colorado Springs that need to be sold as soon as possible, the recent pandemic might cause some delay to these transactions considering that people are more fearful of going out and closing a deal by themselves. Nevertheless, if you need help administering your dead loved ones estate, working with a dedicated probate attorney Colorado Springs can be an excellent idea.
Selling Properties Are Challenging Due To Stay-At-Home Orders
Because of the increasing number of people getting infected, most states issue stay-at-home orders that only allow essential business establishments to operate. Unfortunately, the realty business isnt among those that are labeled essential, forcing them to stop their operations for an indefinite period.
Unfortunately, when things like these will last for a long time, the real estate industry is definitely in big trouble because properties for sale might stay idle until the stay-at-home orders are lifted and normal operations will resume.
Not only that, but work for real estate agents, such as open houses and listing of properties for sale, are reduced or restricted to prevent the risk of contracting the virus, making the process of selling and buying properties a lengthy and complicated undertaking.
Construction Of Residential Houses And Commercial Buildings Are Interrupted
As mentioned, the real estate industry isnt deemed an essential business during this COVID-19 pandemic. Because of this, many realty-related business establishments, including construction supply stores, are stopping their operations until further notice to follow the states stay-at-home or lockdown orders. Consequently, on-going construction projects by many builders and developers are being stopped due to lack of supplies and other resources.
Moreover, constructions and other building processes are affected in a way that more and more workers need to stay home due to curfews, quarantines, and business shutdowns. As this situation happens, real estate developers will not be able to finish the construction as agreed upon in the contract, resulting in a significant financial loss for their companies.
Construction Workers And Those Working In Realty Companies Are Unable To Work For A Living
Whether you believe it or not, the coronavirus pandemic is continually affecting the world. Aside from curfews, workers from the real estate industry are deeply affected by the business mandatory shutdowns to contain the spread of the virus. Although its against their will, they have to follow the government orders, just like anybody else, to reduce the transmission.
Unfortunately, not all of them enjoy the privilege of getting paid even if they havent worked for it. Most of these workers receive nothing from their salary while they stay at home, making their financial circumstances more challenging than ever.
Due to these vast numbers of unpaid employees and layoffs, the economy might be pushed toward a great deal of recession in no time.
Rental Apartment Industry Will Experience Decline In Profits
Aside from residential real estate, theres a real crisis in the commercial real estate sector due to coronavirus disease. Just before the health crisis strikes, lease renewal rates are high, and apartment constructions are everywhere around the world. But, when the coronavirus pandemic has reached many communities globally, the rental apartment industry is preparing to face a downturn of events due to lockdowns, business shutdowns, and many more.
For instance, landlords will have to deal with some tenants who have no income and are unable to pay the rent. Since most landlords pay attention to retention, theyll become more lenient with the rental terms, but it means a lower rental income until the pandemic subsides.
Need For Office And Co-Working Spaces Will Become Low
As many companies are gearing towards telecommuting, throughout the coronavirus outbreak, therell be a low demand for large office spaces. With the advent of technology advances these days, more employers will ask their employees to work from home using apps, such as Zoom, Slack, and many more. Since technology can facilitate a virtual work environment, then the need for office spaces will decelerate as the result of the pandemic.
Further, the demand for co-working spaces is also expected to significantly decrease as more people are trying to avoid interaction with others within an office setup. As such, individuals who are leasing out co-working spaces will more likely be in business and financial trouble.
Closing Words
With the situations described above, its clear that the coronavirus pandemic has severely
impacted the realty business. From the inability to make sales to lower demand of office and co-working spaces, the current global health crisis is starting to reshape high-level market forces and the process involved in buying and selling property.
Therefore, if youre into a realty business, expect that the industry will face major changes during and after the coronavirus outbreak.
See the article here:
Is The Realty Business Badly Affected By The Pandemic? - Live Trading News
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April 23, 2020 by
Mr HomeBuilder
AT Monday nightsRegular Council Land Use Meeting, Surrey City Council granted final adoption to projects that have a combined total construction ofover $55 million that will create approximately 550 new jobs.
While we all have to do our part to prevent the spread of COVID-19, it is equally important to find ways to keep our local construction sector going that is so critical in creating so many meaningful and essential jobs, said Surrey Mayor Doug McCallum.
Surrey City Council has made it a priority to ensure there is an environment for our builders and developers to carry through with their projects. Most importantly by doing so, we are making sure that projects are not only design ready, but shovel-ready as soon as possible in order for people to have access to the well-paid and skilled jobs created through the construction sector.
The total cost of the construction projects given final adoption, which include single family homes and a six-story rental apartment building, is $55,201,000.
The rest is here:
Surrey City Council focuses on job creation within local construction sector - Voiceonline.com
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April 23, 2020 by
Mr HomeBuilder
Tankless water heaters have come a long way in the last 10 years or so. One-third of respondents (33.2%) to our exclusive 2019 Multifamily Design+Construction Amenities Surveysaid they had installed tankless water heaters in an apartment or condominium community in the previous 12-18 months.
Sales of tankless water heaters in the overall residential marketmultifamily plus single-familyhave jumped from 7-9% in recent memory to 14 or 15% this year, according to Brian Fenske, Director of Commercial Sales for Navien, a tankless water heater and boiler manufacturer.
Navien NPE tankless water heaters "ganged" at West End Asteria Apartments, Boston. Photo: Navien Inc.
One particularly robust component of the multifamily marketnew urban luxury high-rise propertiesmay already have swung over to tankless systems, according to Steve Straus, President of engineering firm Glumac. Five years ago, the tank-to-tankless ratio on Glumac-engineered luxury high-rises was about 80/20; today, its 50/50, Straus said. The pace of adoption in this sector could portend greater acceptance in the broader multifamily market.
Despite these positive signs, many developers hold fast to the belief that tankless units cant produce enough hot water to meet the needs of hundreds of apartment or condo dwellers. Having used tank models for years, they see no reason to switch to tankless. Investors can be risk-adverse, said Straus.
According to Naviens Fenske, however, those days are over. Todays tankless units can supply a steady stream of hot water indefinitely. Manufacturers have markedly improved tankless units, overcoming the perceived drawbacks and improving performance to the point where developers, operators, builders, and engineers should consider using them in multifamily projects.
Navien tankless water heater being installed by Smith Plumbing & Heating, Nashua, N.H. Photo: Navien Inc.
The choice of water heaters should be preceded by a comprehensive analysis of all the options: tank vs. tankless, gas vs. electric, brand vs. brand, model vs. model. Lets look at 12 factors your team should consider in evaluating tankless water heaters for your next multifamily project.
1. Tankless water heaters solve the capacity problem. The most important advantage of tankless systems, said Fenske, is that they provide an endless supply of hot water to your tenants and condominium owners. Thats because tankless systems instantaneously heat the water based on immediate demand, whereas tank systems can temporarily run out of hot water after a period of heavy use. One thing you dont need is angry building occupants complaining about cold showers.
2. Tankless water heaters save space. Tankless units typically occupy 4060% less space than comparable tank units, according to Fenske, who also conducts training, design, and product development for Navien. This is especially important since the latest energy code standards require beefier insulation jackets for new tank units, adding several inches to their girth.
Reducing the space needed for water heaters by a half or so is a significant benefit for multifamily developers, especially in large high-rise projects, said Glumacs Straus. Ganging tankless water heaters in the basement could create more space for, say, a bigger dog washing room.
3. Tankless water heaters are easy to install and provide reliable hot water service. Tankless units can be ordered in pre-assembled rack systems that simplify installation. Centralized or zoned systems provide redundancy and reliability, and are often preferred for large multifamily buildings. Our clients almost always want centralized systems, said Straus. When arranged in parallel, if one unit fails, others can take its place.
Straus said his clients avoid using dispersed systems. They dont want the maintenance associated with servicing individual tankless heaters in every living unit, he said.
Rinnai tankless water heater in rack formation. Photo: Rinnai America Corp.
4. Tankless water heaters score high on energy efficiency. The U.S. Energy Department standard for measuring energy efficiency in similar types of water heaters is the uniform energy factor, or UEF. The higher the UEF, the more energy efficient the water heater.
According to Energy Star, gas tankless water heaters have a UEF of at least 0.87 to as high 0.97 for the most efficient gas units, known as condensing gas models, which use a second heat exchanger to heat water with the exhaust gas. Electric tankless water heaters have a UEF of 0.96 to 0.99, while the UEF of commercial tank water heaters can range from 0.80 to 0.90 according to Energy Star. (Note: The UEF rating does not take into account the cost of producing and delivering natural gas or electricity.)
5. Tankless heaters have a reasonable payback period. Tankless water heaters cost anywhere from 30-40% more up front vs. tank systems, although this premium comes down significantlyand can even disappearwhen multiple (ganged) tankless installations are compared to multiple commercial tank and boiler combinations.
Tankless systems can save 15-25% on energy costs compared to tank systems, depending on the type, the brand, and specific product and model features. If your project is located in a service area with high utility rates, the payback period will be quicker. Your estimator, preconstruction expert, or MEP engineer needs to weigh all these variables to determine the anticipated payback periods for the various systems you may be considering.
If youre going to hold the property and youre looking at cost of ownership over a longer payback period, tankless is going to be a better value for you in almost every situation, said Ansley Houston, Senior Director of Commercial Business for Rinnai America Corp., manufacturer of gas tankless water heaters.
6. Tankless water heaters can contribute to your green marketing campaign. If youre seeking a green certification, such as LEED, or promoting your use of Energy Star appliances, youll want to mention your tankless water heaters in your sales and marketing initiative.
Developers in parts of the country where conservation is either mandated or valued by consumers can show what theyre doing to save energy and water, said Julius Goodman, Marketing Head with Stiebel Eltron, a manufacturer of electric tankless models.
Rheem tankless water heater installed in individual unit. Photo: Rheem
7. Tankless water heaters have a long lifespan. According to the DOE (https://bit.ly/3b0jqO6), most tankless water heaters will last more than 20 years; comparable tank units average 10-15 years. Thats because tankless units dont have the most common point of failure in tank unitsthe tank itself. Check the warranty for coverage of labor, parts, and the heat exchanger.
8. Tankless water heaters may soon be required by code. Tankless units may become a necessity, not a choice, as energy-efficiency codes become tougher. Glumacs Straus noted that tank units with a low UEF (0.80 or less) may fail to meet more restrictive state or local energy codes in the near future.
9. Tankless systems are relatively easy to maintain. The maintenance needs of tankless water heaters depend largely on the quality of the water being fed into them. Hard water can leave mineral deposits on heat exchange elements. When hard water is the only alternative, install a water softening system. Tank water heaters, which store large volumes of water, are more susceptible to mineral buildup than tankless models.
One manufacturer, Navien, uses stainless steel heat exchangers that are more resistant to corrosion from minerals in the water than the more commonly used copper tubing.
Polluted air and contaminated combustion also can be a problem in gas units, as air drawn in for combustion can leave deposits in the heat exchange chambers. Proper installation steps should be taken to assure clean combustion air for gas-fired appliances. Here, too, gas models with stainless steel heat exchangers will resist corrosion more effectively. For optimal operation the combustion elements should be cleaned during scheduled annual maintenance.
10. Gas tankless water heaters may earn utility rebates. Some gas utilities offer rebates for gas tankless units. Utility rebates for electric tankless water heaters are generally less available. Check with your local utility for current rebates.
11. Todays tankless units are getting smarter and smarter. The latest tankless models have sensors that detect when demand fluctuates and send a signal to smart electronic controls that automatically cascade the number of units in operation, so that hot water supply keeps pace with demand. Manufacturers are adding Wi-Fi capability to many models that allow your operations staff to monitor and adjust the units remotely. Check with your supplier, as the technology is getting more sophisticated almost by the minute.
Noritz tankless water heater assembly. Photo: Noritz
12. Work with your tankless water heater supplier. If youre new to tankless systemsor just have a questionconsult with the manufacturer or dealer, especially in the early stages of design, when important decisions are being made. They are eager to provide technical advice to make your project successful.
Stiebel Eltron electric tankless water heater. Photo: Stiebel Eltron
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Tankless water heaters: 12 things to know about these energy savers for multifamily housing - Building Design + Construction
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Apartment Building Construction | Comments Off on Tankless water heaters: 12 things to know about these energy savers for multifamily housing – Building Design + Construction
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April 23, 2020 by
Mr HomeBuilder
Editors note: The Salt Lake Tribune is providing readers free access to critical local stories about the coronavirus during this time of heightened concern. See more coverage here. To support journalism like this, please consider donating or become a subscriber.
Farmington Three northern Utah counties say they are ready to start relaxing some restrictions during the coronavirus pandemic, and could be ready to open shuttered restaurants, gyms and other businesses May 1.
County officials say they are waiting for Herbert to release specific guidelines next week, but said theyll emphasize social distancing, increased cleanings and wearing face masks for businesses that could reopen in the beginning of May.
They say their new order could impact openings for everything from restaurants to retail outlets to spas and construction businesses. Guidelines for opening parks or holding events are expected to be released at a later date.
County officials say they're comfortable with starting to reopen businesses after looking at data, including the number of people in their counties who have COVID-19 and the local hospitals' capability to treat people who are ill with the virus.
"We have been effective," said Weber-Morgan Health Department Executive Director Brian Bennion. "I stand today excited, but still cautious. This is not over."
Like state officials, Bennion likened the soft opening to a "dimmer" instead of a "light switch."
"We're going to begin turning up the light," he said, "and moving forward."
County officials said they believe that by May 1, their areas will be at "moderate risk" and things can start to reopen.
"It is nice to perceive some light at the end of a difficult tunnel," said Morgan County Commissioner Robert McConnell.
The commissioners pushed back on criticism that officials went overboard initially in shuttering certain businesses like gyms and spas, and limiting restaurant services. Davis County Commissioner Lorene Kamalu said they "nailed it" when it came to ordering the closures.
This was all about timing, she said. And doing the right things at the right time. Because if you act too late, you have missed the opportunity. We were very intentional with the timing of each phase so far.
The northern Utah counties joined Salt Lake, Summit, Tooele and Wasatch counties in issuing stay-at-home orders in late Match. The governor opted for a directive instead encouraging residents statewide to stay home.
Other counties are also considering whether to ease up on restrictions beginning May 1. Summit County leaders made a similar announcement Tuesday though some feared it might be too soon to reopen businesses there because it is a tourist destination and has been a hot spot for the coronavirus.
Salt Lake County Mayor Jenny Wilson relaxed its countys order last week, saying it was no longer necessary for people to stay at home as often. She also said county leaders would evaluate in the coming weeks to see if some businesses could open May 1.
But Salt Lake Citys mayor is not ready to begin loosening stay-at-home restrictions quite yet.
Areas continue to see some of Utahs highest virus transmission rates, Mayor Erin Mendenhall said, so the city needs its own tailored and data-driven approach to the health crisis.
Our most vulnerable communities are the most severely impacted, Mendenhall said during a Monday teleconference with young Utah leaders.
She said the city would continue to monitor several benchmarks for the outbreak and work with newly available data from Salt Lake County Health Department officials.
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Davis, Weber and Morgan counties want some restaurants and businesses to open as soon as May 1 - Salt Lake Tribune
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Restaurant Construction | Comments Off on Davis, Weber and Morgan counties want some restaurants and businesses to open as soon as May 1 – Salt Lake Tribune
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April 23, 2020 by
Mr HomeBuilder
On Tuesday night, Washington Gov. Jay Inslee laid out the outline for what he billed as the states COVID-19 recovery plan. In the televised address, Inslee described a phased approach that was more like the turning of a dial than the flip of a switch, as officials examine data to determine the best approach on lifting certain stay-at-home restrictions. The plan called for a ramping up of testing first and foremost (still hoping for help from the federal government on that front), as well mobilizing a team of contact tracers in the state acting like a fire brigade to identify new coronavirus cases and make sure those who were exposed are isolated. To date, there have been 12,282 cases in the state and 682 deaths.
Even if all goes well and the numbers of COVID-19 cases continue to decline, Inslee cautioned that many current restrictions would not be lifted by May 4, when the current stay-at-home order is set to expire. Three particular industries such as residential construction, elective surgeries, and outdoor recreation might be the first in line to get back to business, even before then. But restaurant dining rooms werent mentioned as part of the early reopening phase.
In fact, its unclear when the state will let restaurants and bars offer services beyond takeout and delivery. David Postman, Inslees chief of staff, tells Eater Seattle that the state is still working with the hospitality industry on what health restrictions may be involved to reopen, but says its too soon to say when those guidelines might be put in place or what exactly theyll look like. Inslee mentioned Tuesday night that information gleaned from other lower risk businesses when some restrictions are lifted could inform efforts elsewhere.
Inslees statements come as other states start rolling out more aggressive plans to reopen businesses. In Georgia, Gov. Brian Kemp announced that restaurants could open as soon as Monday, although that plan received pushback from many chefs and owners, concerned about the safety and welfare of their workers. Tennessee has also announced that the majority of its businesses could open on May 1. Meanwhile, California which is coordinating with Oregon and Washington on a shared vision for reopening West Coast economies has no end date for its stay-at-home order. California governor Gavin Newsom says the new normal for restaurants in the state may mean masks for servers and half-full dining rooms.
Whenever restaurants and bars do return for dine-in service in Washington, Seattleites should still expect significant changes to the way things were before. As Inslee mentioned in his plan, physical distancing will be required for all industries, and the state will set guidelines on rigorous cleaning, screening employees for illness, and providing personal protection equipment. Until we have a COVID-19 vaccine, workplaces are going to look much different, said Inslee.
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Continued here:
When Will Seattle Restaurants and Bars Reopen? - Eater Seattle
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April 23, 2020 by
Mr HomeBuilder
DUBLIN--(BUSINESS WIRE)--The "United Arab Emirates Construction Industry Databook Series - Market Size & Forecast by Value and Volume, Opportunities in Top 10 Cities, and Risk Assessment" report has been added to ResearchAndMarkets.com's offering.
According to the publisher, the building construction industry in United Arab Emirates is expected to record a CAGR of 8.8% to reach AED 248.7 billion by 2024. The residential construction industry in value terms increased at a CAGR of 6.7% during 2015-2019. The commercial building construction market in value terms is expected to record a CAGR of 11.6% over the forecast period.
This report provides data and trend analyses on building construction industry in United Arab Emirates, with over 80 KPIs. This is a data-centric report and it provides trend analyses with over 120+ charts and 100+ tables. It details market size & forecast, emerging trends, market opportunities, and investment risks in over 30 segments in residential, commercial, industrial and institutional construction sectors.
It provides a comprehensive understanding of construction industry sectors in both value and volume (both by activity and units) terms. The report focuses on combining industry dynamics with macro-economic scenario and changing consumer behavior to offer a 360-degree view of the opportunities and risks.
In addition to country level analysis, this report offers a detailed market opportunity assessment across key cities, helping clients assess key regions to target within the city.
Reason to Buy
Key Topics Covered:
1 About this Report
2 United Arab Emirates Construction Industry Dynamics and Growth Prospects
2.1 Construction Industry Growth Dynamics
2.1.1 United Arab Emirates Construction Industry Market Size by Value, 2015 - 2024
2.1.2 United Arab Emirates Construction Markets Snapshot
2.1.3 United Arab Emirates Building Construction Industry Market Size by Value, 2015 - 2024
2.1.4 United Arab Emirates Infrastructure Construction Industry Market Size by Value, 2015 - 2024
2.2 Analysis by Building and Infrastructure Construction Sectors
2.2.1 Market Share Analysis by Building Construction Sectors, 2015 - 2024
2.2.2 Market Share Analysis by Infrastructure Construction Markets, 2015 - 2024
2.3 Trend Analysis of Key Macroeconomic KPIs
2.3.1 Economic Outlook - GDP
2.3.2 Economic Outlook - GDP per Capita
2.3.3 Business Confidence
2.3.4 Consumer Confidence
2.3.5 Demographics - Population
2.4 Global Construction Industry Attractiveness Snapshot
3 United Arab Emirates Residential Construction Industry Market Size and Forecast
4 Analysis by Residential Construction Markets Outlook by Construction type
5 Analysis by Residential Construction Markets Outlook by Key Cities
6 Analysis by Residential Construction Markets Outlook by Price Point
7 Residential Building Construction Growth Trend Analysis by Development Stage
8 United Arab Emirates Commercial Construction Industry Market Size and Forecast
9 Office Building Construction Outlook
10 Retail Building Construction Outlook
11 Hospitality and Luxury Building Construction Outlook
12 Restaurant Building Construction Outlook
13 Sports Facility Building Construction Outlook
14 Entertainment Building Construction Outlook
15 Commercial Building Construction Growth Trend Analysis by Development Stage
16 United Arab Emirates Industrial Construction Industry Market Size and Forecast
17 Outlook and Growth Dynamics by Industrial Building Construction Sectors
18 Industrial Building Construction Growth Trend Analysis by Development Stage
19 United Arab Emirates Institutional Construction Industry Market Size and Forecast
20 Outlook and Growth Dynamics by Institutional Building Construction Sectors
21 Institutional Building Construction Growth Trend Analysis by Development Stage
22 United Arab Emirates Building Construction Analysis by Key Cities
22.1 Snapshot of Building Construction Markets by Key Cities
22.2 Dubai Building Construction Markets Snapshot
22.3 Abu Dhabi Building Construction Markets Snapshot
22.4 Sharjah Building Construction Markets Snapshot
22.5 Al Ain Building Construction Markets Snapshot
22.6 Ajman Building Construction Markets Snapshot
22.7 Ras al-Khaimah Building Construction Markets Snapshot
22.8 Fujairah Building Construction Markets Snapshot
22.9 Umm al-Quwain Building Construction Markets Snapshot
22.1 Khor'fakkan Building Construction Markets Snapshot
22.11 Dibba Al-Fujairah Building Construction Markets Snapshot
23 United Arab Emirates Utility System Infrastructure Construction Industry Market Size and Forecast
24 United Arab Emirates Transport Infrastructure Construction Industry Market Size and Forecast
25 United Arab Emirates Marine and Inland Water Infrastructure Construction Industry Market Size and Forecast
26 Infrastructure Construction Growth Trend Analysis by Development Stage
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/m2asrl
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UAE Construction Industry Databook Series - Market Size & Forecast by Value and Volume, Opportunities in Top 10 Cities and Risk Assessment -...
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April 23, 2020 by
Mr HomeBuilder
Community Board 7s Business & Consumer Issues Committee (BCI) is hosting a webinar for restaurant owners, retail business owners, and anyone interested in their survival.
The presentation will include a Q&A and will take place on Thursday, April 30th from 12:30-1:30pm.
Discussions will include commercial leases, available Small Business Administration loans, the viability of PPP loans, commercial insurance policies, working with lenders and other resources to help owners navigate the various options.
With many businesses shuttered nationwide, owners are in survival mode. To help make sense of some of the more pressing issues, CB7 is gathering a panel of experts able to provide information specifically relevant to restaurant and small retail business owners.
Stephanie ORourk, CPA, is a Partner atCohnReznickwho leads the Firms Hospitality Industry Practice. She specializes in businesses that operate one to 30 units and has assisted clients in restructuring their businesses in an efficient manner and leverages her knowledge of the various technologies available to the industry to help business owners achieve their goals.
Larry Haberis the Managing Partner of the Commercial Real Estate Department of the bi-coastal law firmAbrams Garfinkel Margolis Bergson, LLP (AGMB), In addition, Mr. Haber is the founder and CEO ofLeasing REality, an online training and negotiating platform. His broad expertise combines decades of commercial real estate ownership with a professional background in law, accounting, commercial brokerage, property management, construction, planning and development.
Doug Kleiman, Director,RIPCO Real Estate, is a retail leasing and sales advisor. Born and raised on the Upper Westside, Mr. Kleiman has represented retail tenants and landlords in the community and beyond for more than two decades. In addition, he is second vice chair of Community Board 7/Manhattan.
The discussion will be moderated by Linda Alexander, Co-Chair, and Christian Cordova, Co-Chair, Business & Consumer Issues Committee, Community Board 7 / Manhattan
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SURVIVING THE PANDEMIC: A Conversation for Restaurants and Retail Businesses - I Love the Upper West Side
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April 23, 2020 by
Mr HomeBuilder
Desiree Seghetti-Sulpizio Commellini Estate and Event Restaurant 14715 N. Dartford Dr., Spokane
Commellini Estate Venue and Event Restaurant has been in my family for 79 years, since Albert and Leda Commellini first opened the business in 1941.
The venue was remodeled in 2009 and reopened as primarily a wedding and event venue. Since then, we have added cooking classes and our gourmet product line, which is sold on location and at local farmers markets.
Normally, we are preparing the venue for an upcoming busy season of both indoor and outdoor events. With COVID-19, we have been forced to reschedule our March 20 through May 4 events, but our coordinators are still working hard to help plan the future weddings and events, as we are optimistic that all events in June and beyond will continue as planned.
In the meantime, to keep our hardworking and deserving team members employed, we have launched a more robust line of Meal Kits 2 Go, along with our Gourmet Retail Line, and are offering curbside pickup. Our team has been extremely creative, even hosting a drive-thru Easter egg hunt to not only provide a fun and safe community event, but to help rev up business and marketing for our product line and other local businesses.
Jordan Tampien Barnwood Social LLC, Brothers Brewing LLC, Checkerboard Tavern LLC, and Too Small to Fail LLCSpokane
We all expected an economic correction at some point in 2020, but not like this.
It feels like the rug has been pulled out from underneath and youre left trying to pick up the pieces.
Were all trying as best as we can to create our new normal as quickly as possible, and more than ever were relying on the community for support and hope.
Not a lot of business plans account for a 76% reduction in revenue even in a worst-case scenario. Well, were all basically operating in that worst-case scenario right now.
But instead of dedicating any time feeling down about where we are, I spend the days being proactive about the future. Every day Im talking with my business partners Matt Goodwin and my brother, Joel, about finding new and more efficient ways to operate and better serve our clients.
Another portion of the day is dedicated to applying for Small Business Administration loans, reaching out to current and past clients while looking for opportunities for all of us to grow through acquisitions or the repurposing of existing properties.
The biggest local impact I see was the complete shutdown of most construction sites across the area creating an extended backlog of projects that will take several months to get going. Subcontractors have pushed their schedules out. So, when the stay-at-home order is eventually lifted, they will have to rehire, and then prioritize their projects, effectively stalling many good projects for our community.
Its going to be a time-consuming process.
Clay Cerna River City Kitchen, SweetBox Delivery; 221 W. First Ave.Spokane
Here are some of the ways were trying to help out the community in Spokane in the midst of this COVID-19 pandemic. During the stay-at-home order issued by Washington Gov. Jay Inslee, were discounting our bagels by 50% and are offering Spokane residents a bagel loan eat now and pay later.
Were actually going to be extending our delivery range to include the rest of the U.S. soon, so please check out our SweetBox Delivery Facebook page, and website under the SweetBox Delivery name.
Another way were trying to help is through the commercial kitchen we opened a little while ago, River City Kitchen. Now through June, Ill be suspending rent for all users of the kitchen in order to help our small businesses stay afloat during this outbreak. The hope is that without overhead to worry about any food truck, caterer, etc., businesses might be able to afford to keep as much staff as possible employed.
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Restaurants and Retail: In Their Own Words > Spokane - Spokane Journal of Business
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