1st EDITION
Tuesday March 27, 2018
Chicago • FREE
The Progress Continues in Homestead, Florida Homestead is a steadily growing, diverse community situated in sunny South Florida just minutes from Miami. It’s easily accessible to nearby centers of global trade like PortMiami and Miami International Airport. Homestead is also the Gateway to the Florida Keys and the Gateway to Everglades and Biscayne National Parks — renowned tourism destinations that draw millions of visitors each year. In 2014, the city embarked on a mission to revitalize its historic downtown and create a place to live, work and play. In total, revitalization projects represent more than $100 million in combined public and private investment. Recently completed projects include a new city hall, new police headquarters and restored historic theatre. Thanks to a united elected body and dedicated staff, all three projects were completed on-time and on-budget. Construction is underway on Homestead Station, a transit center, parking garage and Showbiz Cinemas family entercontinued on page 25
The Time for LED Lighting Is Now! Visit Us at Booth #N937 Article Courtesy of On-Site Lighting & Survey
How often have you heard people talking about lighting in the past several years?
On-Site Lighting & Survey makes it easy for our customers and will work with you to develop a lighting package to custom fit to your needs. Why upgrade now? Energy savings and improved lighting uniformity are the motivating reasons behind many LED retrofits. The reason is simple, the energy use in commercial buildings, for an example, represents about 19 percent or more of their expenditures and it climbs even higher for those operating seven days a week. There are additional considerations that could help make your lighting retrofit savings even more enticing. The immediate benefits of a retrofit project are as follows: • Energy savings. • Lighting maintenance savings. continued on page 25
Nucor Buildings Group Provides Custom Building Solutions for the Retail Market
Nucor Buildings Group, a division of Nucor Corporation, is one of North America’s largest and most experienced manufacturers of metal building systems. Comprised of an elite family of independent brands, Nucor Buildings Group (NBG) has full service plants strategically located throughout the country and a coast-to-coast network of a combined 2,600 authorized builders. Nucor buildings are ideal for the retail market beginning with versatile designs that offer column-free open floor plans to construction and finishing materials that can save on facility maintenance. Specializing in custom buildings for the retail industry, Nucor Buildings Group has designed and manufactured thousands of square feet of retail-related buildings throughout the country. Nucor can team you with a Nucor Builder to provide the building solution that will be delivered on schedule and offer years of reliable service. By utilizing the very latest in engineering practices and design technology,
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The Bellevue Collection’s Expansion Continues Mixed-Use Success
While retail centers around the country look to diversify their offering to compete in this new retail paradigm, The Bellevue Collection continues to expand its mixed-use urban gathering place amongst some of the Northwest’s wealthiest zip codes. A fourth-generation, family-owned property, The Bellevue Collection recently opened its 1.5million-square-foot expansion, creating a 51 acre, 5.5million-square-foot magnet in the heart of the region’s tech hub, Bellevue, Washington. Kemper Development Company, owner and developer leverages the legacy of over 70 years of real estate expertise to focus on this singular location. A curated mix of desirable fashion, innovative retail, tech and a top-performing Nordstrom, Bellevue Square’s 1.3 million square feet is the retail catalyst attracting 23 million people annually. The recent addition of 20 new restaurants, including the city’s first food hall as part of the expansion, amplified the success of
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Making it Work — A Road Map To Economic Development By James Graham, Economic Development Director, City of Minden, Louisiana
When one compares themselves to others, it is natural to focus on what one does not have as opposed to what one already possesses. The City of Minden is fortunate to have so many comparative advantages relative to other communities. Location The City of Minden is 31 minutes east of Shreveport and 40 miles west of Ruston. Minden is right in the middle of an eastward moving growth pattern along the I-20 Corridor fueled by several economic facilitators such as the Barksdale Airforce Base, CSRA Integrated Technology Center and the National Integrated Cyber Education Research Center (NICERC), just to name a few. It will not be long before these and other economic facilitators bleed into Minden, adding jobs and broadening the city’s tax base.
Safety In previous years, Minden was listed as the fourth safest city in Louisiana. It has moved up to the second spot on the list by Safe Home. Safe Home conducts studies all over the country to help identify at-risk communities. Minden is well known as the friendliest city in the South and we strive to keep
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Benefits of Credit Tenant Lease (CTL) Financing Be sure to visit Calkain Booth #S326R
Increased Liquidity, Greater Proceeds and Superior Pricing Through credit tenant financing, traditional bank borrowers in the commercial real estate space can achieve greater financial flexibility and maximize proceeds by taking advantage of the superior credit rating of the tenant and the advantageous long-term net lease structure of
the lease. NetCMG, the capital markets division of Calkain, recently completed a highly successful credit tenant loan transaction for the construction of the $35.5 million regional outpatient facility for the Children’s National Health System in Woodmore, Maryland. More on that in just a bit. Not all lenders provide credit tenant finance options, but those that do provide
Out of Africa 7-Eleven Introduces Seven Reserve™ Premium Brand with Africa Blend, an Exclusive Rainforest Alliance Certified™ Coffee IRVING, Texas — 7-Eleven, Inc. headed straight to the continent of Africa for the first limited-time coffee available under the company’s new Seven Reserve™ brand of fresh-brewed premium coffees. Africa is considered the birthplace of one of the world’s most popular beverages. The Seven Reserve Africa Blend is a 50-50 combination of 100 percent Rain-
forest Alliance Certified™ Arabica beans cultivated on small farms in the countries of Ethiopia and Rwanda. Seven Reserve Africa Blend coffee is available at participating 7-Eleven® stores and is offered at the same low price as all other hot beverages. “This isn’t just a new coffee flavor for 7-Eleven, it’s an entirely new segment of our business, in which we will be introducing coffees originating from exotic locales specifically known for producing the finest coffees,” said Shawn Barnes, 7Eleven Senior Category Manager for hot
An independent publication not affiliated with any other organization Gary Cox Steve Cox Publishers Andrew Oseman National Sales Director Sharon Collins John McQuaig Deborah Yarbrough Senior Associate Publishers
their borrowing clientele with the unique benefits listed above. This is especially continued on page 25
beverages. “Seven Reserve targets serious coffee drinkers who are looking for a richer, more intense coffee flavor, but that’s just part of the equation,” he added. “We know our customers also care about coffee crops that are responsibly grown and sourced directly from small farms.” Africa Blend is 7-Eleven stores’ first duo-Arabica coffee to carry the Rainforest Alliance Certified seal. Since 2016, 7Eleven has introduced four Rainforest Alliance Certified coffees — Nicaragua, Mexico, Peruvian and Colombian, all responsibly grown. Single-origin 100 percent Colombian Rainforest Alliance continued on page 23
Joe Canez Ashley Davis Zach Goodrich Shari Kether Jennifer Kinsman Darryl Monroe Lindsey Monroe Bill Morris Carlos Velasquez Grant Wadsworth Associate Publishers Valerie Wilson Art Director Josh Meinhausen Graphic Designer David Vonnegut Chambers Joshua Espinal Tim Towle Editors Lynn Hardy Traffic Manager Monique Carter Julie Evans Tiffany Webster Administration
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Acoustiblok® Delivers Peace of Mind to Family Living With a Child With Autism FINDLAY, Ohio — Acoustiblok donated its award-winning Block 16 sound isolation system to a family living with a child with autism to help provide the extreme level of noise reduction needed in the construction of a “Sensory Room.” Since the Sensory Room’s completion, Craig Holbrook, the father, said, “Our daughter not only loves the activities in her room, but her meltdowns have decreased in frequency, length and severity. She can focus more when we engage with her, and the entire household has benefited
from her having a professionally engineered soundproof Sensory Room.” The Holbrooks had been thinking about building a custom-made Sensory Room in their home since they toured one at the school their daughter was attending. The moment they knew they had to move on it was when they saw how much fun Cailyn, their daughter, had and how much more active she was when they took her to a Sensory Room at a special needs school in town. Sensory Rooms have been shown to
Moreno Valley Wins Award From Small Business Administration
City of Moreno Valley Wins Inaugural Community Excellence Award from U.S. Small Business Administration
MORENO VALLEY, Calif. — The U.S. Small Business Administration (SBA) has named the city of Moreno Valley the recipient of the 2018 Community Excellence Award, recognizing the city’s Eco-
nomic Development Department’s passion for helping small businesses succeed at every stage of development, from startup to expansion. This is the first time the Small Business Administration has presented the Community Excellence Award. “Small business owners have the creativity, the resourcefulness and the
be particularly beneficial to children with autism. A current study concluded that children in the sensory integration group scored significantly higher on attaining their goals. In addition, standardized tests showed that the children receiving sensory integration therapy required less assistance from their parents in self-care and social situations. What is a Sensory Room? First developed in the Netherlands in the 1970s, a Sensory Room is a place for decompression and tranquility, where specific skills can be engaged and enhanced in a playful/desirable non-threatening environment. It can often help isolate specific senses, reduce overload, and soothe a child with autism from having a panic attack or feeling overwhelmed. Sensory rooms can also be used as safe-play-
rooms for positive-reinforcement. Craig said about the construction, “We battled with the balance of wanting a soundproof room and it being for a child. We ultimately made some concessions on a door and including a window and reducing STC rating for size, but the Acoustiblok isolation system performance is amazing. At one point, my brother and I were installing the swing mount and I was in the attic, making sure we were hitting the studs just right. We were yelling at each other on each side of the wall and having trouble hearing each other. Ultimately, I called him on the phone.” “I can honestly say, Acoustiblok was the easiest partner in the entire build process. They helped us keep our balance and worked with us on things that I know continued on page 23
courage to transform an idea into a livelihood. That entrepreneurial spirit is a crucial part of our economic success,” said Mayor Yxstian Gutierrez. “But it takes so much more than an idea and persistence for small businesses to make it.” “We recognized that we as a city could help small businesses succeed by ensuring owners had convenient access to vital resources and ongoing support,” Mayor Gutierrez said. “Our creative and comprehensive approach is working. From barber shops to inventive food concepts — small businesses are thriving here in Moreno Valley.” The city of Moreno Valley was selected by an independent board of small business leaders for efforts to increase jobs, innovation and the quality of life in Moreno Valley through business attraction, business retention and local workforce development. The city provides small business owners with a variety of services free of charge including: • Small Business Workshops and Oneon-one Counseling: The city partners with key organizations to provide expert technical assistance to Moreno Valley
startup and expanding businesses. Workshops are held monthly and feature in-demand topics including how to start a business, writing a winning business plan, and government contracting. One-on-one expert counseling is available to all Moreno Valley startups and established businesses. • Hire MoVal: A multi-pronged local hire strategy that encourages businesses to hire local residents in exchange for incentives, including business license fee waivers and reduced electricity rates. • Hire A MoVal Grad: A local hire program that rewards businesses with cash incentives for hiring recent college or vocational and technical school graduates from Moreno Valley. • Hiring Assistance: Provides a free location for businesses to connect with local job seekers through job fairs, recruitment events, labor market surveys, workforce training dollars and job announcements. • Business Spotlight: Twenty businesses are selected each year to receive a professionally produced 30-second commercial highlighting their business. • Business Roundtable: A luncheon that
THE BELLEVUE COLLECTION
ential tech, gaming and financial companies all benefiting from the amenities of the live, work and play aspects of The Bellevue Collection. The recent addition of Two Lincoln Tower luxury rental apartments completes the synergistic offering between the varied real estate categories which all provide mutually beneficial amenities. In addition, thoughtful planning and design connect these three properties by multiple sky bridges and underground tunnels allowing for off-street car and pedestrian movement. Traffic since the opening of the expansion has consistently increased at The Bellevue Collection by double digits and 2018 has seen considerable comp store growth within multiple categories of retail in addition to overall growth of 34 percent in the restaurant sector. For more information, be sure to visit Booth #SMR225.
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The Collection Dining District, growing it to 50 sit-down restaurants and entertainment venues including 22 movie screens. Recognizing the importance of retail to the success of a mixed-use project, Bellevue Square remains the dominant retail hub for The Bellevue Collection with a combined total for all three properties of 1.9 million square feet of retail, restaurant and entertainment GLA. The Hyatt Regency Bellevue, Westin Bellevue and the recent addition of W Bellevue, provide a strong tech-driven, weekday business traveler as well as a retail-seeking, weekend getaway traveler from surrounding states and Canada, creating a 7-day-a-week occupancy. Three office towers with over 1.7 million square feet house some of the country’s most influ-
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ALPOLIC Introduces New Timber Series Finishes Article Courtesy of ALPOIC® Materials
CHESAPEAKE, Va. — ALPOIC®, a leader in aluminum composite material manufacturing, is now offering woodgrain finishes as part of its extensive patterns collection. The new Timber Series finishes range in color from light to dark, traditional to exotic, and are so realistic, they will make you look twice. Included are Mahogany, Teak, Oriental Cane, Harvest Trail Bamboo, Maple, Walnut and
Zebrawood. The Timber Series wood-grain finishes offer the best of both worlds by combining the look of real wood with the adaptable, fade resistant, easy-to-main properties of our trusted aluminum composite materials. Available in our classic core or fire-retardant (FR) core, Timber Series panels, like all ALPOLIC® materials, are easy to fabricate using standard tools, and they provide the elegant look and rigidity of real wood at a fraction of
Nearmap Aerial Imagery Improves Stormwater Billing and Increases Revenue for Carmel, Indiana
Nearmap’s frequently updated imagery helped city’s Engineering Department better calculate stormwater billing, increasing revenue by about $60,000.
SOUTH JORDAN, Utah — Nearmap, a location content provider, has partnered with the fast-growing city of Carmel, Indiana, helping it improve its stormwater billing process, resulting in the collection of about $60,000 in unclaimed revenue. Carmel turned to Nearmap to provide high-quality aerial images that are frequently updated to integrate with its existing applications, including ArcMap and ArcGIS. The city’s Engineering Department uses the high-resolution imagery to aid in data accuracy, verify customer claims, educate developers, enforce compliance
and prepare presentations for internal government meetings. Nearmap has also proven invaluable with constituent problem solving. Through impervious surface digitization and internal audits, the Carmel Engineering Department has collected $60,000 in revenue from 2015 through 2017. “When searching for a GIS solution, we wanted a service that paid for itself,” said Shane Burnham, GIS technician for Carmel. “We have found that in Nearmap. At this point, I can’t imagine working without it.” The city is in the middle of an aggressive, 4-year, $300 million-plus concentrated infrastructure improvement program that includes new roundabouts, intersections, interchanges, and stormwater management and drainage projects. “Nearmap imagery keeps up with
Federal Realty Adds UNIQLO to Tenant Lineup at Pike & Rose in North Bethesda, Maryland Pike & Rose Continues to Build Momentum as International Apparel Merchant Joins Growing List of Retail, Restaurant, Residential, Hotel and Office Tenants
ROCKVILLE, Md. — Federal Realty Investment Trust (NYSE:FRT) announced that global retailer UNIQLO will open its first Maryland location and third in the Washington D.C. metro area at Pike & Rose, a 24-acre mixed-use development in Montgomery County. Expected to open in the fall of 2018, the new 11,000square-foot store will offer LifeWear for men, women and kids. “The latest store announcements and openings at Pike & Rose represent a continued positive trend for Federal Realty. Whether searching for the best location to be first to market, as it was for
Chicago-based Stella Barra Pizzeria, or to expand their footprint in the D.C. metro region, as Scout & Molly’s Boutique did this week, they are choosing Pike & Rose,” said Chris Weilminster, President of Mixed Use at Federal Realty. “As Pike & Rose continues to reshape North Bethesda with a focus on the future, it has established a track record of attracting best-in-class domestic and international interest by offering options not found in other areas of the Greater Washington region.” Other notable highlights from the neighborhood include: • Canopy by Hilton opened its third location in the world in late February 2018. • 930 Rose Condominiums located above Canopy with hotel amenity offerings, 50 percent under contract
the weight and without the need for weatherproofing maintenance. They are perfect for both interior and exterior cladding systems, modular buildings, fascia, accent bands, canopies, column covers and signage and more. Let ALPOLIC help bring your vision to life. For more information about our new Timber Series, please visit www.alpolic-americas.com/timber. Exceptional products demand exceptional materials.
facility began production in 1991 and is home to ALPOLIC® Materials, a division of Mitsubishi Chemical Composites America, Inc. We set the North American standard for innovation and quality, and our selection of colors and finishes is unmatched. Our manufacturing, distribution and support capabilities extend worldwide. ALPOLIC® aluminum and metal composite materials (ACM/MCM) are among the most versatile and useful architectural materials available. They offer the rigidity of heavy-gauge architectural metals in a lightweight composite material, with a standard polyethylene or fire-resistant core. For more information about ALPOLIC®, visit www.alpolicamericas.com or call 800422-7270.
our fast-growing area, and we see progress in real-time at a 3-inch resolution. We measure and bill with confidence knowing that we have accurate and clear infrastructure information. We are no longer referencing imagery that is 2 years old,” said John Thomas, the Stormwater Administrator for Carmel. Before Nearmap, the department lacked an up-to-date, high-resolution base map for its data platforms. They used low-quality aerials taken once annually at a 6-inch resolution provided by the county. By the time the imagery was processed and delivered 6 to 8 months after capture, it was a year and a half out of date and didn’t represent new developments in the city. Because of this lag in the process, it was impossible to calculate stormwater billing fees for new developments, which meant a loss in revenue. Because of the success of Nearmap in the Engineering Department, other departments are taking notice and are finding ways to use Nearmap. The team sees potential uses in planning, zoning, code enforcement and maintenance, among
other possibilities. “We keep finding new ways to use Nearmap imagery,” said Thomas. “When we show people what we’re doing with Nearmap, they immediately ask, ‘Why don’t we have this?’”
• State-of-the-art Porsche Dealership • Conversion of 17,000-square-foot rooftop into The Farm at Pike & Rose “With the addition of UNIQLO, over 60 percent of the project’s retail GLA now comes from iconic domestic and international brand category leaders, cementing Pike & Rose as a beacon for retailers both internationally known and locally loved,” said Stuart Biel, Federal Realty’s Vice President, Leasing. “The complement of an unparalleled mix of amenities within an authentic neighborhood environment means retailers and restaurateurs searching for their next location are finding it at Pike & Rose.” In 2018 Pike & Rose will welcome: • 930 Rose – Condominiums. • Baked Bear – Ice Cream Sandwich Shop. • BlueMercury – Retailer. • Canopy by Hilton – Hotel. • Jinya Ramen Bar – Restaurant. • Julii – Restaurant. • Nada – Restaurant. • Nando’s Peri Peri – Restaurant. • The Red Door Salon & Spa by Elizabeth Arden – Spa.
• Scout & Molly’s Boutique – Retailer. • Taylor Gourmet – Restaurant. • Uniqlo – Retailer. • Up Top Acres/The Farm at Pike & Rose – Rooftop Farm.
About ALPOLIC® Materials ALPOLIC® materials are high-quality aluminum and metal composite panels manufactured in Japan, Germany and the United States. Our Chesapeake, Virginia
About Nearmap Nearmap brings the real world to you. They capture, manage and deliver the most current location content in the world, allowing businesses and governments to explore their environment easily. With Nearmap, organizations unlock opportunities that consistently inform decision-making and transform the way they work. Their highresolution, frequently updated aerial imagery is 2.8-inch GSD, better than satellite imagery. Delivered within days of capture, Nearmap shows changes over time. Users save time and money, reduce site visits and efficiently plan with current, clear imagery. Nearmap is delivered through a refreshingly easy-to-use interface called MapBrowser™ or accessed via Esri® and Autodesk products. For more information, visit go.nearmap.com.
About Federal Realty Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets. Founded in 1962, their mission is to deliver long-term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply. Federal Realty's 104 properties include over 2,900 tenants, in approximately 24 million square feet, and over 2,000 residential units. Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 50 consecutive years, the longest record in the REIT industry. Federal Realty shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit www.federalrealty.com.
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Tuesday, March 28, 2018 • 1st Edition
New Program, Specialization Combine Real Estate and Finance
By Melanie Yeager
dergraduate majors in real estate with an overall GPA of at least 3.4 and an upperdivision GPA of at least 3.2 in finance and real estate courses. Students admitted to the combined program get a head start on graduate school by taking up to nine hours of coursework that will double count for graduate and undergraduate degree requirements. Eligible students also may benefit by applying any remaining undergraduate Bright Futures award toward a portion of their graduate coursework. At the same time, Master of Science in Finance (MSF) students will now be able to specialize in real estate by choosing courses focused on real estate finance instead of further coursework in risk management and investment or international banking.
CITY OF MINDEN
nurtured. The city has recently created a very special and unique approach to supporting its existing and startup small businesses called “The Collaboration.” It is a partnership of a variety of organizations that operate on a federal, state, municipal and community level. They are economic development organizations, financial institutions, and private/public nonprofit community entities leveraging their respective resources to assist entrepreneurs to start or expand their for-profit enterprises within the city.
Giving highly qualified undergraduates a jump-start on graduate school, the College of Business has launched a new Combined Bachelor of Science in Real Estate/Master of Science in Finance (BS-RE/MSF) program. “This new degree program offers star real estate students the opportunity to excel at high-level finance studies earlier, giving them a competitive edge when it comes time for summer internships and eventually their chosen career paths,” said Dean Gatzlaff, the Mark C. Bane Professor of Real Estate, who directs the new combined program and the FSU Real Estate Center. The combined program is open to un-
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it that way. We invite you to visit Safe Home’s website to see for yourself: www.safehome.org/safest-cities/la.
Entrepreneurism Owning a business is a journey of endurance, not a get-rich sprint. All of Minden’s older businesses, now larger companies, are homegrown. It is a source of community pride. The City of Minden’s Economic Development Department has established important strategies and programs to ensure that small business growth is supported and
7-ELEVEN
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Certified coffee is now a permanent offering and top-seller on the hot beverage bar. The Rainforest Alliance is an international nonprofit organization that seeks to conserve biodiversity and ensure sustainable livelihoods. Carrying the Rainforest Alliance Certified seal with the little green frog means the 100 percent Arabica beans are sourced from coffeegrowers whose farms are required to meet strict standards designed to protect the environment, conserve wildlife and promote the well-being of local communities.
ACOUSTIBLOK
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made their life harder (the window for example), but they did everything in Cailyn’s best interest and made major revisions when asked. I would highly recommend their products and services to anyone considering building a Sensory Room,” Craig concluded. Lahnie Johnson, President and Founder of Acoustiblok said, “Acoustiblok was happy to donate its
23 “The finance profession has long been intertwined with real estate,” said Gary Smith, Director of the growing MSF program, “we determined this specialization focused on real estate finance will complement the analytical and hands-on learning we already provide.” MSF student opportunities already include managing a Student Investment Fund, currently amounting to more than $3.5 million. The program also boasts a state-of-the art trading room, equipped with presentation and financial data displays, Bloomberg terminals, an eight-zone world clock, touchscreen computers and scrolling stock tickers, replicating real-life trading rooms. The combined program and MSF specialization will leverage the longtime acclaim of the college’s Real Estate program, ranked No. 6 among public institutions and No. 11 in the nation by U.S. News & World Report (2018). The college’s Master of Business Administration (MBA) has
long offered a real estate specialization online, but the new MSF specialization coursework will be offered on campus. Graduates coming through the combined program or customizing their MSF degree with a real estate specialization will benefit from growing industry demand for hires skilled in both disciplines. Over the next decade, the U.S. Labor Department predicts that employment in the business and financial operations sector is expected to grow 10 percent — faster than the average of other occupations. Demand is expected to be even higher for specific careers involving real estate and finance: financial analysts (11 percent); loan officers and underwriters (11 percent); real estate appraisers (14 percent); property and asset managers (10 percent); and market analysts (23 percent). For more on the combined program, visit business.fsu.edu/RE-MSF and for how to apply, visit business.fsu.edu/MSF.
Establishing a way to ensure a readyto-work labor force is essential to attracting and retaining industry within Minden. The City of Minden, the Webster Parish School System, Northwest Louisiana Technical College and North Louisiana Economic Partnership are working with local and new industries to establish a systemic approach to ensuring a skilled labor force within Minden.
for fulfillment centers and other logistical-type facilities are now available. We offer progressive economic development incentive designed to help with the bottom line.
Workforce Development
Developable Land The City of Minden has plenty of available and developable properties for sale or lease. Small tracts of land for smaller enterprises or larger tracts of property
To learn more about the community’s economic development initiatives and programs, we encourage you to visit us at the ICSC RECON (Central Hall, Booth #C2219), visit our website www.developminden.com, or like us on Facebook at Minden Economic Development to keep up with current developments. We are Making It Work in Minden. Talk to us before you make your next move, so that you do not have to repeat it.
“Industrywide, there is a strong push to make coffee the world’s first sustainable agricultural commodity. 7-Eleven’s commitment to responsible sourcing is helping to advance that goal,” said Laura Donnelly, senior associate of Markets Transformation at Rainforest Alliance. “By working with smallholder farmers, 7-Eleven is also helping to transform farmer livelihoods, ensuring a quality coffee supply into the future.” Grown in the Yirgacheffe area of Ethiopia, these select, hand-picked coffee beans are considered by many to be among the world’s finest, with a full-bodied, intense flavor highlighted by citrus tones. The East African country is the birthplace of coffee, and Yirgacheffe is
one of its oldest cultivated areas. The Rwandan coffee is cultivated in the Nyamagabe district and named for the Nyarusiza and Remera coffee-washing station. Its sweet, chocolatey undertones, finished by vanilla caramel notes, complement the Ethiopian beans’ fruity acidity. A medium roast was selected to develop the right balance of each coffee’s best characteristics while not overwhelming or masking their inherent flavors with a dark roast. 7-Eleven is working with Conservation International (CI) to set measurable corporate social responsibility (CSR) goals to reduce its environmental footprint. 7-Eleven’s CSR mission has three focus areas — planet, products and peo-
ple. Using 2015 as a baseline, 7-Eleven set objectives to reduce its carbon footprint and increase community engagement in the U.S. and Canada. The retailer is a member of CI’s Business and Sustainability Council, a forum for corporate leaders taking positive environmental actions in their businesses, to explore mutually beneficial ways to further reduce its environmental impact. As part of its CSR objectives, 7Eleven will continue to seek out responsibly sourced coffees and other products and packaging with less environmental impact. Future Seven Reserve coffees will include both exotic blends and single-origin brews from top-growing areas around the world.
noise control products and design plans to the Holbrook Family, and we are very pleased the whole family has benefited from their installation. We know our innovative sound isolation systems have helped many people who suffer from sound sensitivities. Almost everywhere you go today noise can be a problem; Acoustiblok and our isolation systems are a solution.” For more information on conceptualizing a Sensory Room, please contact specialist, Natalia Chudy, M.S. in mental
health counseling and training in mental health disorders, at Acoustiblok.
graphic TV for its unique contributions towards reducing noise pollution. With over 20 years of supplying solutions and backed with over 45 years of experience in audio, sound and acoustics, Acoustiblok has stood the test of time and continues to set new standards in the acoustical industry. Acoustiblok Inc. ships products to more than 50 countries through a network of stocking distributors in the United States, on five continents across the globe and throughout the Mid-East.
About Acoustiblok — “Quieting the World” The Acoustiblok Corporation, a NASA “Spinoff”-listed company, has extensive experience engineering “SCIF (sensitive compartmented information facility) rooms” and “Sensory Rooms,” and has received top awards in the British House of Commons as well as being featured throughout the world on National Geo-
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Tuesday, March 28, 2018 • 1st Edition
ON-SITE LIGHTING & SURVEY (continued from page 1)
• Potential utility rebates. • Improved light quality. • Safer environment. • Reduced operating costs. • Sustainability with reduced carbon emissions.
Both interior and exterior LED fixtures have decreased in cost in recent years, making the payback period very attractive. Along with this, there is a potential for multiple energy rebate options in most states for converting to energy-efficient lighting products. Waiting to complete a retrofit could actually cost you more money in the long run. Lighting controls continue to gain ground in the lighting industry and have become a great addition in helping to reduce your energy spending, while also having fixture level control from a smart
HOMESTEAD, FLORIDA (continued from page 1)
tainment center with movies, bowling and dining. The project is the result of a public-private partnership. Homestead Station offers current opportunities for retail and restaurant leasing. Construction begins soon on the
NUCOR BUILDINGS GROUP (continued from page 1)
Nucor Buildings Group is able to custom design, engineer, detail, manufacture and ship complete, one-of-a-kind building systems to locations throughout North America. NBG proudly partners with
CALKAIN
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true in the current lending environment. Typically, developers obtain either floating- or fixed-rate construction loans through balance sheet lenders, like banks, where they personally guarantee the loan. But those loans can be reset upon completion of construction, affecting cap rates and potentially wiping out any profit or even creating a loss in a rising interest rate environment. But a developer working with a credit tenant can access credit tenant financing and remove all financial risk
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provides businesses an opportunity to interact directly with the Council Members who represents their district to network and receive economic development updates, and discuss current industry issues. • Small Business Visits: A face-to-face, on-site meet and greet with the business to share resources, programs and services.
phone or computer. Lighting controls, which are often overlooked, can yield an additional energy savings of 30 to 50 percent over non-controlled areas, when used correctly. When controls are paired with a lighting retrofit that number can grow substantially.
25 national account clients have been recipient of several LEEP awards in the past 4 years.
your current needs or requirements for both interior and exterior applications. • Rebate management team to assist you with finding, monitoring and payout of rebates. • Lighting surveys and audits to provide photometric options, budget estimates and return on investment reports based on existing lighting conditions. • Extended warranty programs negotiated with the manufacturers. • Full turnkey lighting programs from start to finish.
Award-Winning Results The LEEP Campaign (Lighting Energy Efficiency in Parking) was created to support commercial parking facility owners and managers through technical guidance and resources for the application of proven high-efficiency lighting systems to maximize the opportunity for savings. LEEP participants on average save more than 60 to 90 percent in energy costs compared to their previous installations. In 2017, 15 organizations were recognized for achieving exceptional energy reductions in parking facilities through high-efficiency lighting and controls. Two of On-Site Lighting & Survey’s
How to Get Started Finding the right partner to help you with your lighting requirements is one of the single most important decisions you will have to make. On-Site Lighting & Survey is your go-to partner for all your lighting needs. Our experience is unmatched in the industry because we provide a full menu of lighting services that can be customized to suit your needs. Key services to consider when making the decision regarding your lighting vendor: • National account pricing — Due to our high volume of national account lighting sales we negotiate with lighting manufacturers to get the best pricing available. • We have a complete staff of lighting design engineers who use photometric design to plan a lighting system based on
Homestead Cybrary, a high-tech public library that will bring excitement back to learning and literacy with amenities like virtual and augmented reality, a maker space and educational workshops. The Cybrary offers current opportunities for investment and corporate partnerships. In addition to growth and redevel-
opment in Homestead’s historic downtown, the city also offers multiple sites suitable for corporate relocation or multi-use development. Homestead boasts a multi-lingual workforce, military trained personnel with management and technical expertise, and right-to-work protections statewide. Plus, targeted incentives are available
to eligible businesses depending on location, type of business and number of jobs created. For more information on opportunities in Homestead, visit www.cityofhomestead.com, stop by Booth #C2403 or contact the City of Homestead Economic Development Office at kdriver@cityofhomestead.com or 786-405-2825.
Tekla, a leader in BIM technology giving general contractors, engineers and architects an edge over competitors in the market. BIM provides their customers with a modeling system that can display a conceptual replica of their building, which leads to confidence and peace of mind for the lifecycle of the project.
Nucor’s custom-engineered steel building systems offer unique, innovative features, unsurpassed flexibility, speed of construction and real superior structural strength. Dollar for dollar, and pound for pound, steel is the strongest and most cost-efficient construction material available. Designed using Nucor steel, their
buildings are 100 percent recyclable and made up of more than 85 percent post-recyclable content, making it one of the most environmentally friendly options, too. For more information stop by Booth #N1444 or visit their website at www.nucorbuildingsgroup.com.
from the deal through a non-recourse loan, with interest rates that are fixed for the length of the lease and often set below market rate. Unlike traditional lending practices, the creditworthiness of the tenant and quality of the lease determine pricing and proceeds, not the credit status of the borrowing institution. What’s in it for the lender? There are a number of benefits, not the least of which is the ability to provide capital off balance sheet and to lend to a credit rated tenant. All of these dynamics were at work in the financing of the above-mentioned regional outpatient facility for the Chil-
dren’s Hospital, where the lease guarantor carried investment-grade ratings from both Moodys and Fitch. As Calkain Companies president and CEO Jonathan Hipp, the company was able to put together a structure whereby the developer, with lease in hand, “Could gain access to a special kind of financing where he could get not only all the capital to finance construction, but also receive substantial cash out upon completion of the building, all with a long-term, fixed-interest rate that was permanently set upon the one time closing of the construction/permanent credit tenant loan.”
The non-recourse, fixed-rate, highleverage loan represented for the developer a “greater-than-100-percent-cost loan,” says Hipp, which means there was capital available for future projects. “Even on the back end there’s a sliver of equity for which there is a secondary market.” The icing on the cake is after completion of the construction, you have the ability to cash out more money by selling your highleverage loan to a zero-cash flow buyer. The Children’s Hospital, the property discussed above, used a CTL financing strategy that should be considered in an environment with rising interest rates, like we are in today and into the future.
• Business Ombudsman: A designated staff member to serve as a liaison and provide rapid response service to small businesses. • Shop MoVal: A marketing program that encourages residents to support local businesses.
In 2018, the Department consolidated all small business development workshops and programs to the Moreno Valley Employment Resource Center (ERC), providing increased interaction between the community and local businesses. “This year’s class of Small Business Week honorees represent the diversity of industries and individuals that make entrepreneurship the power behind our economy,” said J. Adalberto Quijada, the
SBA’s Orange County/Inland Empire District Director. “Their efforts lead to jobs, innovation and stronger communities for us all.” For more information about the city’s small business programs or to learn more about developing a commercial or retail location in Moreno Valley, please visit www.morenovalleybusiness.com and contact the Economic Development Department at EDTeam@moval.org or at 951-413-3460.
The city of Moreno Valley has worked tirelessly to expand small business development services and to encourage innovation and entrepreneurship in the city.
To get started, contact On-Site Lighting & Survey at sales@onsitelighting.com, visit our website www.onsitelighting.com or call us at 763-684-1548. We are your single source lighting partner with the highest quality results from idea, to design to installation. We look forward to speaking with you about how to get started with your national account lighting program.
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