Charlie Myers: Managing Growth in an Accelerated Construction Environment
Construction spending in the U.S. has reached its highest level since May 2008, according to a recent report released by the U.S. Commerce Department. That’s a healthy 13.7 percent increase in the past 12 months, and, for those in the commercial real estate business, good news for all.
Charlie Myers: The Good News About the Future of Retail Development
I recently attended the International Council of Shopping Centers’ RECon conference in Las Vegas—along with retailers, developers, investors and brokers from around the globe. It was the largest attendance since the recession, and there were a lot of new players, including many office and hotel developers who traditionally have not been involved in retail.
As a general contractor with projects in diverse market sectors, I am constantly trying to balance our sales outlook with our staffing needs, both in the short-term and for the long-term. Most CEOs know that sustainable growth requires this balancing act. With the recent volatility in oil and gas prices, as with any global issue, there’s a domino effect or chain reaction that occurs when one event sets off other events that may carry sizable momentum.