Telhio Credit Union’s Post

A week removed from Starnet Commercial Flooring’s Annual Meeting, I was grateful to contribute to Reginald Tucker’s latest Floor Covering News article, "Starnet Helps Members Navigate Choppy Waters." At the recent meeting, over 700 attendees explored strategies to adapt and thrive in today's market. In the article, I emphasized the value of the relationships and the network as a whole. When asked about the current business climate, I noted that the Southeast still remains hot, with plenty of pent up demand. Different than years prior though, projects buyouts are far more thorough and customers are slower to award. This means touching the same project many times over, and far more stakeholders are now involved in the buyout process. This isn’t a bad thing. During supply chain disruptions, general contractors and developers attempted to lock in costs to alleviate escalation risks. While we navigated those rough waters with our customers, many of those same customers found themselves in a tight spot, as early buyouts often created unforeseen scope gaps in the design process. For some customers, they struggled to balance the benefits of the early buyout and the additional scope gaps that same strategy posed during the execution phase. Additionally, smaller subcontractors struggled to navigate cash flow when faced with many changes and extended durations. Today, we find ourselves identifying risk with our clients earlier. By offering a thorough take off, RFI questions, and a comprehensive, team-based approach during the buyout process, our clients have a clearly defined scope of work that supports success for all parties. Read more about our discussions and strategies here: [Starnet Helps Members Navigate Choppy Waters](https://lnkd.in/epx3Ae3i). #FlooringIndustry #MarketTrends #Leadership #Innovation #BusinessStrategy #Starnet

Because businesses provide products and services in /to a constantly evolving / dynamic market, arises the need for ever receptive, adaptive, self-correcting systems. Like in any other system, all these constant evolutions must be tested for ease & effectiveness resulting into uniting the company for better efficiency achieved through my favorite management function of #consolidation Popularly defined :the process of uniting :the quality or state of being united specifically :the unification of two or more corporations by dissolution of existing ones and creation of a single new corporation. Should never remain a singular #topmanagment function, instead a holistic and inherent in-company culture for every organisation. Where tightening things up, plugging all in between, sharpening of process cycles, streamlining gaps & processes all happen periodically. Tom talks about how Theodore Alexander is sharpening things up at Trinity, NC.. Horizons Unlimited - India #KnowledgeNEXT Aaron Gochman Larry Wright Aaron Larry Abel Yzaguirre Abe Rosenberg Abercrombie & Fitch Co. Hind Baghdadi AB Upholstery Abiti Paola Abigayle Coghlan Annette Grewe-Achtzehn Adriana De Martino Adrian Dombey Adrienne Kravchuk Adrienne Concra Ae Lowder CLAUDIO BELLINI Studio Agnes Hasselmann AGOSTINO MONACO Aimee Kempfer Áine Sheehan Danny Aiken Bindiya Yadav Frank Boardman, AIA, NCARB, NCIDQ, MBA, Anthony DiGuiseppe, AIA RIBA Al Matthews Alexandre Monteiro de Oliveira ALESSANDRO CAVIGLIA Amy Hoban Amanda Eaton Aparattus Design April Lagman April Geter Arthur Friedman Audrey Lowery Zoe Mallard Interior Designer Zeferino Silva

Gary Gabor, Division Manager for ARCO Pittsburgh, recently shared insights on key design and construction trends in industrial and commercial development in the latest issue of Developing Pittsburgh. Check out the article to learn more about regional and national trends, such as a move toward smaller footprint and multi-tenant speculative facilities, an increased focus on design flexibility to accommodate specialty users, industrial facility upgrades in response to aging existing product, and the repurposing of commercial assets. View the article here: https://lnkd.in/g9vR2Fvx Pictured: A 350,439 SF beverage distribution facility completed by ARCO for Frank B. Fuhrer Wholesale Co. in Pittsburgh. As discussed in the article, markets nationwide are seeing new industrial developments driven by users in resilient industries like food and beverage, with aging existing assets, especially in markets like Pittsburgh, further driving a need for space. #pittsburgh #construction #industrial #commercial

I find the language in the article interesting. It's not 'health and safety' that caused this. It's poor design and construction choices that could lead to end of life events. How about we name the architects, builders, and council that signed this off, rather than blame health and safety? #Construction #Design #Safety #Architecture #BuildingCouncils

The Indianapolis Office Market posted nearly 429,000 SF of new leasing activity in Q1 2024, surpassing last year's first quarter activity by 37.6%. One building in the Bottleworks development was completed during the quarter as well, adding 94,000 SF to the Downtown inventory, and another 85,000-sf building in the development also kicked off construction during Q1. Find out more insights in the First Look piece below and the MarketBeat report that will be released next week: #indianapolis #indianapolisoffice #officecre #indianapolisdevelopment

Q1 Chicagoland industrial report out now- •Tenant demand was consistent with the previous quarter, measuring 7.4 million s.f. Demand was most prevalent in the 100-150,000 s.f. size range as 12 lease were signed. These leases comprised half of the overall volume completed in that size range, in 2023. •Although market conditions have weakened, Chicago is poised for a strong finish to the year due to the limited amount of new speculative developments underway, coupled with an increase in tenant inquiries that could absorb a major portion of the remaining big box speculative product. Full report here: https://lnkd.in/gGQsKq3e

The Des Moines metro has experienced a surge in industrial warehouse growth over the past 4 years. Currently, there is 3.9 million square feet available across 18 properties, each featuring 100,000 SF or more for lease. Of these 18, 10 are new construction. To put the amount of space available into perspective, 3.9 million square feet is the equivalent of 67 football fields. Warehouse leasing activity has cooled off year over year, with some buildings sitting vacant for more than 12 to 18 months since their delivery. What does this mean for tenants looking for distribution space? There are multiple options in the market leading to more aggressive rental incentives offered by landlords eager to fill their properties. If your lease is up for renewal or you're considering a move into the Des Moines market, now is a prime time to start negotiating for space. Want to learn more about the industrial market and see how your current lease stacks up? Reach out to me today for more information. #desmoines #iowa #warehouse #distribution

Check out our NWA Q2 Market Summary!

Carpetright to cut over 1,500 jobs despite rescue agreement. Carpetright: Over 1,500 Jobs to be Cut Despite Rescue Agreement with Tapi In a significant development in the retail industry, Carpetright, a leading flooring retailer, has announced that it will be cutting more than 1,500 jobs despite securing a rescue deal with rival firm Tapi. This announcement has sparked widespread discussion and has quickly become one of the most trending topics on Google search today. For more detailed information, you can refer to this news article. The Rescue Deal Carpetright, known for its extensive range of carpets, flooring, and beds, has been struggling financially for several years, primarily due to […] https://lnkd.in/dV227zSi https://lnkd.in/d6Mpm8gg

Business for Sale Victoria BLUE-CHIP COMMERCIAL SHOPFITTING & JOINERY BUSINESS This blue-chip commercial shopfitting and joinery business, headquartered in Melbourne, is presented for sale for the first time after over 30 years in operation. With both local manufacturing and offshore sourcing capabilities, this highly resilient business has strong operating leverage and is ideally positioned to benefit from the entry of large new international retailers to Australia over the coming years. The business provides products and services in both the retail and commercial building markets, with strong national retail chain customers in addition to work with large building companies. In addition to the local and offshore manufacturing capabilities, the business provides an end-to-end design service for clients with strong internal development capabilities. This is a rare opportunity to secure a first-rate business with a strong management team and staff, internal systems and processes. The business is run under general management with no day-to-day involvement from the current Directors. FY2023 YTD to May Sales Revenue: $19 million. FY2023 YTD to May EBITDA: $3.9 million. This would represent an ideal bolt-on acquisition to an existing enterprise in a complementary market segment, including both commercial shopfitting and joinery companies and large commercial building companies seeking to diversify, and international operators seeking a solid foothold or expansion in the Australian market. View more details: https://lnkd.in/eHSpDgjR #businessesforsale #investinabusiness #smallbusinessmelbourne #sellingabusiness #businessbrokers #ownyourownbusiness