Tips
Fed rate hikes and commercial construction
Here’s what the Federal Reserve’s move means for commercial builds and renovations In December 2022, the Federal Reserve approved another rate hike of one-half of a percentage point. And while the Fed is signaling that the hikes may soon slow though as it’s premature to suspend increases, a key question remains for commercial building owners…
Why you shouldn’t delay commercial construction projects
Delays in commercial construction can be multifactorial, but the price to pause is too high Every developer understands — all too well perhaps — the reasons commercial construction projects get delayed. First, there are financial challenges, which can bring a project to a standstill in the face of interest rate increases and material and equipment…
The 3 most common obstacles in senior living and multifamily development
(And how to overcome them.) Every experienced developer knows and anticipates obstacles on the way toward building senior living facilities and multifamily developments. The wisest also develop a plan of attack for overcoming those challenges. Whether you are new to commercial construction or a seasoned expert, we all encounter trials on our way to building…
What’s a typical payment schedule?
Knowing what to expect for your commercial construction project is essential.
This vs. that: Natural gas or electric HVAC systems
For commercial construction, here’s what you need to know When planning your next design-build project or seeking remodeling contractors in La Crosse, WI or Rochester, MN, to upgrade your commercial building’s heating system, you may wonder whether you should choose natural gas-fired or an electric-fired HVAC system. Knowing and understanding the benefits and drawbacks of…
Is it time to renovate your commercial building?
Here are the signs to watch for and why they’re important If you’re waiting for a sign on whether it’s time to renovate your commercial building, chances are your building will tell you. Dilapidated buildings can come at a high cost — far higher than if an owner stays on top of maintenance, repair, replacement…
Construction Site Visits: Do’s and Don’ts
A walk through a construction work-in-progress can be inspiring and motivating, or it can be disastrous.
Material lead times and cost increases impact commercial construction
Owner/builders should plan projects earlier than ever Equipment and material lead times and cost increases continue to impact the commercial construction industry. The good news is you can mitigate some of these increases by thoughtful planning in the very early project stages. How early? Earlier than ever, say our design-build experts. That means if you’re…
Understanding grants and incentives for sustainable construction
Sustainable construction gaining traction with commercial projects Increasingly, Earth Day is every day as developers seek opportunities to design and build commercial construction projects in a more earth-friendly manner. Eco-friendly practices used to be a consideration only for those on the fringes of commercial construction even a couple of decades ago, and these days it’s…
Senior housing conversions: financing for adaptive reuse
A closer look at financing for adaptive reuse Vacant commercial buildings are like an aging pop star icon: you never know what they’ll look like in their next incarnation. But, unlike some performers who never seem to age, commercial spaces are increasingly being remade in their golden years into something that appeals to older generations:…