In a 2-1 vote Thursday morning, the Washington County commissioners voted to enter into a $90,000 agreement with a commercial real estate firm to advise them on the financial feasibility of acquiring the Crossroads Center office building at West Beau and North Franklin streets. One of the main drivers behind soaring costs has been the growing construction labor shortage. Annually, labor costs have increased by 1.9% to 2.9%. Company Website. on Franklin Street Completes $14M Hotel Construction Project on Fla. Gulf Coast, on 4 Ways Project Managers Can Improve Your Next Build-Out and Reduce Costs, on How to Fight Rising Retail Construction Costs, on Cody Johnston Joins Franklin Street as Project Manager in Atlanta, on The Perfect Answer to Your Retail Build-Out Needs, on Blame The Labor Shortage For Rising Construction Costs Continuing Into 2018, on Franklin Street Names Nick Sanfilippo to Lead Project Management Division, on Franklin Street Brings In JLL Heavy Hitter, Franklin Street Completes $14M Hotel Construction Project on Fla. Gulf Coast, 4 Ways Project Managers Can Improve Your Next Build-Out and Reduce Costs, How to Fight Rising Retail Construction Costs, Cody Johnston Joins Franklin Street as Project Manager in Atlanta, The Perfect Answer to Your Retail Build-Out Needs, Blame The Labor Shortage For Rising Construction Costs Continuing Into 2018, Franklin Street Names Nick Sanfilippo to Lead Project Management Division, Franklin Street Brings In JLL Heavy Hitter, GlobeSt.com: Heritage Insurance Takes 89,000 SF in Tampa Office, Industrial Specialist Matthew Weinberger Joins Franklin Street, Franklin Street Arranges Sale of Clearwater Shopping Center for $5M, CPE: Heritage Insurance Signs 89 KSF Tampa Lease, REBusiness Online: Heritage Insurance Signs 88,643 SF Headquarters Lease in Tampa’s Westshore District. Sanfilippo provides project management and consulting services for clients on projects ranging from tenant build-outs to new developments. The average gross office rental rate in the Grand Rapids market stands at $17.84 per square foot, according to the JLL report. **, Scott + Cormia Architecture and Interiors, First American Title National Commercial Services. We provide customized project management services to retail, office or industrial clients across all 50 states and Puerto Rico. Franklin Street’s project management team, spearheaded by Patrick McGucken out of the Tampa office, also communicated regularly with the property owner and design team to explain all required consultant services and to closely manage project costs and schedules. We diligently track these trends and have yet to see any signs of things slowing down. Mr. Beale has more than 20 years of experience providing customized landlord and tenant real estate services for retail and restaurant clients throughout the United States. Remember passwords are case sensitive. For smaller spaces, leasing activity is strong and steady.”. If you disable this cookie, we will not be able to save your preferences. Mr. Johnston previously worked as a regional engineer for The Reinforced Earth Company and managed more than 25 projects over five states simultaneously, with as much as $30 million in combined value. “Franklin Street’s real estate team is nimble, smart and efficient, while making a significant mark on commercial real estate here in the Southeast and beyond,” said Sanfilippo. “Rates are up, but not enough to justify new construction that would make those larger spaces available.”. Mr. Johnston is a member of the Urban Land Institute, Associated General Contractors of America, and American Society of Civil Engineers. Get the app! Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. The hotel is also close to several local restaurants, microbreweries and Dunedin Stadium, home of the Toronto Blue Jays spring training. “WE’RE THRILLED TO WELCOME NICK AND HIS WEALTH OF COMMERCIAL REAL ESTATE CONSTRUCTION EXPERIENCE TO OUR INCREDIBLE ATLANTA TEAM,” SAID KURT KEATON, PRESIDENT OF REAL ESTATE SERVICES AND MANAGEMENT SERVICES FOR FRANKLIN STREET. Project Management can come into play at any stage of the life cycle. The firm just added T. Scott Williams as general manager in the office and industrial division. Sanfilippo: Construction projects are dynamic ventures that involve risk and many unknowns. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Bateman Yates: Kimley-Horn & Associates: Nashville: TN: UNITED STATES: Biniker Nick: Williamson, Inc. Franklin: TN: UNITED STATES: Bonham Griffin: Maple Street Properties All sponsorship opportunities include your logo on all marketing materials prior to and at the Speaker Series Event, placement of your marketing materials on the registration table, and tickets as detailed below. Once the younger talent sees the gold mine, their interest will shift to it.”. In Atlanta, the West and Midwest, nonunion work is more prevalent than in the North, Sanfilippo said. A skilled project manager knows what obstacles to look out for and always has a strategic plan to handle them. The best brokers pride themselves on knowing the local market and helping companies find the most profitable spots for their specific kind of business. Through a collaborative philosophy of leveraging the resources, expertise and experience of each of its divisions – Investment Sales, Tenant and Landlord Representation, Capital Advisory, Insurance, Property Management and Project Management – Franklin Street offers unmatched value and optimal solutions for clients nationwide. I fully expect we will use him across our platform, managing building projects for our retail and multifamily clients in addition to office and industrial properties.”. Let’s say a landlord only has one space available, but they have three tenants interested in that space. “Right now, construction is a very lucrative business,” Sanfilippo said. 1. Bringing more than 15 years of experience in commercial real estate, T. Scott Williams serves as General Manager for Franklin Street, specializing in commercial property operations, client relations, capital improvement project oversight, leasing planning, and project management. “It is really the labor force that is driving prices.”. In this role, he provides comprehensive project management and consulting services for both investor and occupier clients while leading the project management division across all markets.

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