2A — January 16 - 29, 2015 — M id A tlantic
Real Estate Journal
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MAREJ A dvertising D irectory 2015 Ind. & Economic Dev. Summit. ....IC-1A Appraisal Institute SNJ Chapter........10-11B Barley Snyder............................................ 18A Bedford Cost Segregation............................ 8A Bussel Realty Corp...................................IC-B CCC Productions. ........................................ 2B Cooper-Horowitz, Inc................................... 9A CREW Lehigh Valley. ............................... 11C Cushman & Wakefield. ............................... 1B Deerwood Real Estate Capital.................. 10A Earth Engineering, Inc.. ............................. 9C Eastern Union. .....................................12-13A Electronic Office Systems.......................... 12B The ELM Group......................................... 10C Fowler. ....................................................... 23A Friedman LLP. .......................................... 14A Gebroe-Hammer Associates........................ 4B Harvey Hanna Associates........................... 6A Heller Industrial Parks............................. 15B Hillcrest Paving & Excavating................. 23A Hinerfeld Commercial..................... 1C & 23A Hollenbach Construction, Inc.. ................IC-C Hutchinson Mechanical Services................ 7B ICREW NJ................................................. 16B Investors Real Estate Agency................... 23A Kaplin|Stewart........................................... 2A Keast & Hood............................................... 2C Landcore Engineering ................................ 7C Lincoln Property Company......................... 4A M&T Realty Capital Corporation............. 11A Marcus & Millichap..................................... 4A Martin Architectural Group........................ 6C Mericle Comm’l Real Estate Services.....BC-C Meridian Capital Group.............................. 8B Michael Cervelli Real Estate................ IBC-A NAI Emory Hill. ........................................ 15A NAI Summit................................................. 7C NorthMarq Capital...................................... 8C P. Cooper Roofing. ...................................BC-B Poskanzer Skott Architects....................... 14B REMCO Realty............................................ 2C Rittenhouse Realty Advisors. ..................... 4C Robert E. Blue. ............................................ 7C SEBCO Laundry Systems .......................... 3A SUBWAY.................................................... 23A Team Resources......................................... 13B The Berger Organization. ..................... IBC-B The Kislak Company, Inc............................ 3B Tranzon Fox................................................. 3C Vandemark & Lynch, Inc.......................... 19A WCRE........................................................... 6B Whitesell...................................................... 9B Whitestone Associates........................... IBC-C Wolff Samson............................................... 3A
Mid Atlantic R eal E state J ournal Publisher ............................................................................ Linda Christman Publisher ............................................................................... Joe Christman Section Publisher .................................................................... Steve Kelley Associate Publisher .............................................................Alissa Aronson Senior Editor/Graphic Artist .................................................Karen Vachon Production Assistant ....................................................................Julie King Office Manager .................................................................... Joanne Gavaza Contributing Columnists ..........Glenn Ebersole, Hollenbach Construction; Chris O’ Connor, CCC Promotions Mid Atlantic R eal E state J ournal — Published Semi-Monthly Periodicals postage paid at Rockland, Massachusetts and additional mailing offices Postmaster send address change to: Mid Atlantic Real Estate Journal, 312 Market St. Rockland, MA 02370 USPS #22-358 | Vol. 27 Issue 1 Subscription rates: $99 - one year, $198 - two years, $4 - single copy REPORT AN ERROR IMMEDIATELY MARE Journal will not be responsible for more than one incorrect insertion Toll-Free: (800) 584-1062 | MA: (781) 871-5298 | Fax: (781) 871-5299 www.marejournal.com The views expressed by contributing columnists are not necessarily representative of the Mid Atlantic Real Estate Journal
Mid Atlantic Real Estate Journal
2015 Should Be Another Good Year For Commercial Construction! Glenn Ebersole A look back at last year indicates that 2014was a good year for com- mercial construction. The Tri County Area of Berks, Chester and Montgomery Counties, the Greater Reading Area and the Greater Lehigh Valley area in Pennsylvania, showed extreme- ly positive results in commercial construction. Successful com- mercial construction projects were completed or underway in the cities of Bethlehem, Easton and Reading as well as in less- urban regions of Berks, Bucks, Chester, Lehigh and Montgom- ery counties. The projects in- clude senior living, health care, multifamily housing, corporate headquarters, office, hotel, re- tail, distribution centers and warehousing. The success seen in 2014 should continue in 2015 for our region in Pennsylvania. Some significant commercial devel- opment construction projects started in 2014 will continue into 2015. And there are sev- eral very significant commercial projects that have been in the
land development and planning process for the last year or two that will bemoving forward into construction in 2015. The types of projects fall into the senior living, health care, multifamily housing, corporate office as well as mixed-use developments that include office, retail, apart- ments, etc. Mc Graw Hill indicates that private nonresidential construc- tion grew at a positive pace on a national basis. Statistics indicate that total dollars spent showed an increase of almost 10 percent over the previous 12 months. The Dodge Outlook Report predicts an increase in construction starts nationally for commercial building in 2015. A main reason for this is that the economic environment going
forward indicates several posi- tives that will help to increase total construction starts. 1.Financing for construction projects is becoming more avail- able, reflecting some easing of bank-lending standards. 2.The investment community is more focused on real estate development. 3.More construction bond measures are receiving approval. Near-term interest rates should stay low, and this also is helpful. All in all, the prediction for 2015 is positive for commercial construction around the corner and around the country. Glenn Ebersole, profes- sional engineer, is strategic vice president, business de- velopment/marketing atHol- lenbach Construction Inc. n
Firmly Rooted in the Law and in the Community We are well grounded in every facet of real estate law, from acquisition to construction. We are committed to serving the needs of our clients and our communities.
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