Lately it seems like an increasing number of folks have seen the light when it comes to the drawbacks of dark-colored pavement. Black asphalt has traditionally been the surface of choice for our nation’s roadways and parking lots, but asphalt can act as a heat sink that retains the warmth of sunlight. The effect is …
Few people endure slumps and a downturn in performance as often as professional athletes. Even the greatest sports stars suffer through stretches where seemingly nothing goes right. During his heyday, Michael Jordan had a commercial in which he stated, “I’ve failed over and over and over again in my life.” Then, after a short pause, …
I read recently that nearly 1,200 pounds of trash is produced by the average person per year. We ignore that scrap of paper or old cardboard box but it all adds up. The drip-drip-drip process eventually turns into a river of trash. When we moved into our offices, one of my main objectives was to …
Right-sizing, why did I not have this in my vocabulary before ’07? Makes sense. We are constructors of buildings and handle the civil management of projects, but the bottom line is that we are service providers. Just like architects, engineers, lawyers, bankers or accountants, all service providers of different sorts. We need to be adjusting( …
You can’t take anything for granted; even the ground under your feet. That’s why it is important to have Geotechnical testing done before construction begins on a project. But nothing is perfect, and even the best Geotech firms can’t always determine exactly what it is going on beneath the surface. A Sinking Feeling On one …
As our work takes me throughout the southeast, I continue to see optimistic signs that commercial markets are on the upswing. Increases for everyone Retail occupancy is improving, apartment rental rates are starting to increase and we are feeling more buzz around our office. More phone calls for opportunities. While these steps might be small, …
While I think our economy continues to heal from what we are seeing the next 12 to 18 months will see more failures of the weak in commercial real estate and the construction industry. 2012 will be a tough year on the sureties and surety credit will even be harder to obtain over the next …
“Necessity is the mother of invention.” I have always believed this as a truth, particularly in these tough times. Some jobs might have vanished in the recent Recession, but to me, creative ideas will always be with us. There are plenty of smart people out there who found themselves unemployed in the past year. Instead …
I read recently in the Wall Street Journal that as of May, retailer Bed Bath & Beyond had $1.64 billion in cash and short-term treasuries, and expects to generate at least another $600 million by February. Nationwide, non-financial businesses had approximately $1.85 trillion in liquid assets as of June. That’s pretty good, I would say. …
There is no denying that the fallout from this Recession has been widespread. Even companies experiencing a level of success are being affected by the financial issues of others. Here’s an example. Hennes & Mauritz is a Swedish-based fashion retailer that appeals to teens and young adults. My daughters love their stores, and apparently they’re …
As I see it, the need for large store platforms is diminishing, for a while at least. The retail community is starting to think outside the box. When the economy was booming and credit was easy to obtain, consumers were buying goods at a record pace. Retailers began building bigger and bigger box stores to …
It’s not surprising that in the U.S., only one new enclosed mall has opened in the last 4 years. In that same time, it has been estimated that nearly 500 of the 2,000+ malls in our country have closed. That translates to a lot of property and structures available for immediate use. But who wants …