All posts in Industry News

11 Jan 2016

Kohl’s Off/Isle Store Coming to Sunset Crossing in Waukesha, WI

OffAisleLockard announced a new anchor tenant for Sunset Crossings in Waukesha, WI. Off/Aisle by Kohl’s, an outlet store stocking discounted merchandise previously returned to Kohl’s stores and Kohls.com, will occupy approximately 25,000 sf of the redevelopment of the former Kmart building.

“Sunset Crossings is pleased to have the Off/Aisle by Kohl’s concept as part of the center and we look forward to its opening,” said Robert Smith, Jr., SIOR, CCIM, president of Lockard. “It is very exciting to be a part of Kohl’s rollout of this new concept, especially in their home state. We are also in negotiations with other regional and national retailers and will have future announcements very soon.” Construction of the space has begun, and Kohl’s is planning a March 2016 opening.

8 Jan 2016

2015: Commercial Real Estates Biggest Year Since the Financial Crisis

Commercial real estate had a big year in 2015. Preliminary figures of income-producing properties priced above $2.5 million show sales totaled nearly $504 billion, according to data compiled by Real Capital Analytics. These sales figures are likely to grow when final values are tabulated, but as it stands, that’s the most in one year since 2007.

See full article here.

7 Jan 2016

The Outlets at Corpus Christi Bay Announce First Three Stores

19 Nov 2015

First Concrete Poured at the Outlets at Corpus Christi Bay

17 Nov 2015

Construction Industry Hindered by Worker Shortage, Labor Regulations

By: Jamie Fettkether
President, Construction

One would think that after millions of layoffs during the Great Recession that there would be plenty of workers available to meet the growing demand for construction. But the opposite is true.

The industry is facing a shortage of available workers at a time when construction demand is exploding. The number of unemployed construction workers is at a 14-year low, according to federal employment data released by the Associated General Contractors of America. Construction employment expanded in 249 of our 358 metro areas, between March 2014 and March 2015. The AGC also reported that 83 percent of contractors are struggling to find enough qualified skilled labor.

Many of the workers who lost their jobs during the economic downturn either switched careers or retired.  The industry hasn’t recruited and trained near enough new workers to replace those lost, and the situation likely won’t improve anytime soon.