Business, Free News Articles, Real Estate, Reports and Studies

Choyce Peterson Publishes Year-End 2021 Lower Fairfield County Office Space Availability Poster

NORWALK, Conn. -- Choyce Peterson, Inc. (www.choycepeterson.com), a full service commercial real estate brokerage firm with a specialization in tenant representation, announced the release of its 24th semi-annual Lower Fairfield County Office Space Availability Poster.

The full-size poster depicts silhouettes of 96 buildings with a total inventory of 18.2 million square feet (sf) and tracks changes in office space availability from Year-End 2020 to Year-End 2021 in larger, primarily multi-tenanted Class A office buildings in Stamford, Norwalk, Greenwich, and Westport. The unique study illustrates the absorption and give back of direct and sublease space, as well as overall availability statistics.

This report shows there was a 0.9 percentage point decrease in total availability during 2021, from 29.8% at Year-End 2020 to 28.9% at Year-End 2021. Of the 5,277,382 sf of available space: 3,738,928 sf (70.9%) is on a direct basis while 1,538,454 sf (29.1%) is sublease space.

The following refers to the poster's "availability rate" at Year End 2020 vs. Year-End 2021 in each market surveyed:

* Stamford decreased from 34.1% to 30.4%. Of the 31 buildings surveyed, 17 experienced a decrease in available square footage, 10 had an increase and 4 were unchanged. 300 Atlantic Street, 1 Landmark Square, and One Station Place (Metro Center) combined added 145,781 sf of available space, while 290 Harbor Drive, 2200 Atlantic Street (1 Harbor Point), and 3001 Summer Street combined leased 258,461 sf. Interestingly, of the 2,913,696 sf of available space in Stamford, five buildings account for 47%, or 1,370,324 sf, of the total.

* Norwalk increased from 34.6% to 38.3%. Of the 20 buildings surveyed, 10 experienced a decrease in available square footage, 8 had an increase and 2 were unchanged. 201, 301 and 401 Merritt 7 combined added 157,689 sf of available space, and 801 Main Avenue and 20 Glover combined leased 90,914 sf. The 38.3% availability is the highest level since we started tracking these buildings ten years ago.

* Greenwich, the strongest of the four markets, decreased from 16.1% to 15.5%. Of the 25 buildings surveyed, 14 experienced a decrease in available square footage, 3 had an increase and 8 were unchanged. 100 West Putnam Avenue, 1 American Lane and 411 West Putnam Avenue combined added 196,409 sf of available space, and 1 Greenwich Plaza, 600 Steamboat combined leased 148,992 sf. A rare occurrence in the market: there is now essentially an equal amount of sublease and direct space available in Greenwich.

* Westport increased from 12.6% to 16.0%. Of the 20 buildings surveyed, 5 experienced a decrease in available square footage, 6 had an increase and 9 were unchanged. 276 Post Road W, 57 Greens Farms Road and 285 Riverside Avenue combined added 53,491 sf of available space, and 33 Riverside Avenue and 274 Riverside Avenue combined leased 25,440 sf. Two points of interest: there is almost double the amount of available sublease space versus direct, and 13 of the 20 buildings surveyed have either no space for lease or less than 5,000 sf available.

"It's certainly an interesting office market environment where two sub-markets had a decrease in availability (Greenwich and Stamford), while two sub-markets had an increase (Norwalk and Westport)," stated John P. Hannigan, co-founder and a principal at Choyce Peterson. "There's a balancing act going on right now: on one hand, sublease space continues to be added to the market, while at the same time Greenwich and Stamford in particular are attracting companies from outside the area who are absorbing large amounts of space. As a result, we expect the overall availability rate to remain relatively the same during the first half of 2022."

Adam M. Cognetta, vice president at Choyce Peterson noted, "Sublease supply, fueled by a shift in workplace trends and an underlying uncertainty, is something we continue to track closely as it remains a primary contributor to overall availability. Interestingly, we're seeing well-located assets at premium price points attract more interest and outperform the broader market."

Hannigan added, "Now more than ever, landlords continue to be flexible in their lease negotiations and accommodating tenants' specific needs. Transactions are even being completed with companies who have two plus years of term remaining on their leases. We at Choyce Peterson are successfully advising our clients to create an action plan on whether to renew, downsize or relocate. From there, we are negotiating very favorable financial terms on their behalf, including generous amounts of free rent, discounted base rent, and landlord funded retrofits designed exactly to a tenants' specific layout needs."

To view the poster, click on the following link: https://www.choycepeterson.com/officeposter

To order a copy of Choyce Peterson's comparative Silhouette Poster, please call 203-356-9600 or email info@choycepeterson.com.

About Choyce Peterson

Choyce Peterson, Inc., a full service commercial real estate brokerage and consulting firm with offices in Norwalk, CT and Rye Brook, NY, was founded in 1997 and has negotiated millions of square feet of transactions in 42 states and Canada. The Choyce Peterson process delivers comprehensive and creative real estate solutions to ensure clients derive maximum value from their real estate decisions. https://www.choycepeterson.com/

Related link: https://www.choycepeterson.com/

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Business, Free News Articles, Manufacturing, Reports and Studies

134 New Industrial Manufacturing Planned Industrial Project Reports – December 2021 Recap

JACKSONVILLE BEACH, Fla. -- SalesLeads announced today the December 2021 results for the new planned capital project spending report for the Industrial Manufacturing industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 134 new projects in the Industrial Manufacturing sector.

The following are selected highlights on new Industrial Manufacturing industry construction news.

Industrial Manufacturing - By Project Type

- Manufacturing/Production Facilities - 123 New Projects

- Distribution and Industrial Warehouse - 54 New Projects

Industrial Manufacturing - By Project Scope/Activity

- New Construction - 46 New Projects

- Expansion - 49 New Projects

- Renovations/Equipment Upgrades - 52 New Projects

- Plant Closings - 7 New Projects

Industrial Manufacturing - By Project Location (Top 10 States)

Indiana - 11
Texas - 9
North Carolina - 9
Georgia - 7
Tennessee - 7
Michigan - 7
Minnesota - 7
Pennsylvania - 6
New York - 6
Ontario - 6

LARGEST PLANNED PROJECT

During the month of December, our research team identified 16 new Industrial Manufacturing facility construction projects with an estimated value of $100 million or more.

The largest project is owned by Toyota Motor North America, who is planning to invest $3 billion for the construction of a battery manufacturing facility in LIBERTY, NC. They have recently received approval for the project. Completion is slated for 2025.

TOP 10 TRACKED INDUSTRIAL MANUFACTURING PROJECTS

WISCONSIN:

Pulp and paper company is planning to invest $500 million for the renovation and equipment upgrades on their warehouse and manufacturing facility in GREEN BAY, WI. They have recently received approval for the project.

GEORGIA:

Steel company is considering investing $350 million for the construction of a manufacturing facility and currently seeking a site in GEORGIA. Watch SalesLeads for updates.

MICHIGAN:

Building materials mfr. is planning to invest $340 million for the construction of a manufacturing facility in GRAND RAPIDS, MI. They are currently seeking approval for the project.

TENNESSEE:

Silicon refining company is planning to invest $150 million for the construction of a manufacturing facility in TIPTONVILLE, TN. They are currently seeking approval for the project.

LOUISIANA:

Lumber company is planning to invest $111 million for the construction of a manufacturing and sawmill facility in PLAIN DEALING, LA. They are currently seeking approval for the project.

OHIO:

Custom corrugated packaging products mfr. is planning for the construction of a 537,000 sf manufacturing, warehouse, and office facility at 595 Thornwood Drive SW in NEWARK, OH. They are currently seeking approval for the project. They will relocate regional operations upon completion.

ARIZONA:

Semiconductor mfr. is planning to invest $100 million for the construction of a 120,000 sf manufacturing and office facility in ORO VALLEY, AZ. Construction is expected to start in early 2022.

SOUTH CAROLINA:

Electric vehicle mfr. is planning to invest $89 million for the construction of a manufacturing facility in GREER, SC. They are currently seeking approval for the project.

INDIANA:

Automotive mfr. is planning to invest $51 million for the renovation and equipment upgrades on their manufacturing facility in BEDFORD, IN. They have recently received approval for the project.

NORTH CAROLINA:

Wood products mfr. is planning to invest $50 million for an expansion of their manufacturing facility in LEXINGTON, NC. Completion is slated for late 2022.

About SalesLeads, Inc.

Since 1959, SalesLeads, based in Jacksonville, FL is a leader in delivering industrial capital project intelligence and prospecting services for sales and marketing teams to ensure a predictable and scalable pipeline. Our Industrial Market Intelligence, IMI identifies timely insights on companies planning significant capital investments such as new construction, expansion, relocation, equipment modernization and plant closings in industrial facilities. The Outsourced Prospecting Services, an extension to your sales team, is designed to drive growth with qualified meetings and appointments for your internal sales team.

Each month, our team delivers hundreds of industrial capital project intelligence reports within a variety of industries, including:

* Industrial Manufacturing

* Plastics

* Food and Beverage

* Metals

* Power Generation

* Pulp Paper and Wood

* Oil and Gas

* Mining and Aggregates

* Chemical

* Research and Development

* Distribution and Supply Chain

* Pipelines

* Pharmaceutical

* Misc. Industrial Buildings

* Waste Water Treatment

* Data Centers

Learn more: https://www.salesleadsinc.com/industry/industrial-manufacturing/

Related link: https://www.salesleadsinc.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Free News Articles, Reports and Studies

Kiosk and Digital Signage News from Industry Group and Kiosk Association (KMA) for Jan. 2022

​DENVER, Colo. -- January news from the Industry Group and the Kiosk Association: NRF is coming up this weekend and we are hopeful our retail facial payment finalist takes home the "Best Payment Innovation" award. The transactions and enrollment numbers certainly justify it.

We also thank Jim Kruper with KioWare who is managing the booth. Stop by and see contactless self-order, assistive technology ala McDonalds and the new Ingenico Self-4000 terminal. He is featured on our portal page on NRF -- NRF Big Show #1606.

Big legal ADA news is Quest Diagnostics got very bad news on two fronts. The class action part will drive remedial actions across the entire country, and all units. That originally inexpensive kiosk has the definite possibility now of turning out to be an expensive choice.

For the upcoming DSE show in Vegas/March, besides hoping COVID will subside, we are hoping to show a cool 4K 85-inch demo deployed recently at super major retailer (they sell staples?). At NRA our odds are pretty good we will have the Samsung "KMA" kiosk in our booth (running Nanonation partner software). We are in the Tech Pavilion.

New Gold sponsors - FEC POS -- now entering self-checkout (SCO) kiosk market. American Kiosks - offices here in Colorado. Custom projects is prime competency.

KIOSKS

* Self-Checkout Kiosks by FEC

* ADA Kiosk Quest Diagnostics Update + Walmart Blind Access

* Olea Kiosks Names Director of Sales

DIGITAL SIGNAGE

* Message from Brad Gleeson -- Digital Signage Tradeshow

* Video of Latest Starbucks..oops I mean 7-Eleven Digital Menus

* OLED Display Solution 30 Percent Brighter Than Standard OLED - LG

* LG taps DSP Concepts for voice command recognition

* Redbox Digital Signage Kiosks Coming Soon!

RETAIL

* Autonomous Robots - Sidewalk Robot with Uber and 7-Eleven

* Autonomous Robots Airport Food Delivery Robot

* Restaurant Market Report - Investment in 2022 includes tech, real estate

* Drive Thru Technology - McDonalds Sells Platform to IBM

OTHER SEGMENTS (E.G., HOSPITALITY)

* Hotel chain converts Windows PCs to Chrome OS

* Linux Developer for Kiosks - Raspberry PI developer for Kiosks

* Accessibility Trends For Internet Access - Desktops and Mobiles - 2022 - What will be considered accessible?

MORE INFORMATION:

For more information visit https://kioskindustry.org/.

Since 1996 for 25 years serving the self-service technology market. For a complete list of verticals visit The Industry Group ( https://industrygroup.org/ ).

Related link: https://kioskindustry.org/

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Business, Free News Articles, Reports and Studies

Critical defect rate increases 13% Q2 2021, according to ACES Quality Management Mortgage QC Industry Trends Report

DENVER, Colo. -- ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced the release of its quarterly ACES Mortgage QC Trends Report covering the second quarter (Q2) of 2021. The latest report provides an analysis of post-closing quality control data derived from ACES Quality Management & Control® software.

Notable findings from the Q2 2021 report include:

* A 13% increase in the overall critical defect rate to 2.27%, ending a multi-quarter trend of improvement;

* The continued dominance of the Income/Employment defect category, which reached its highest observed rate since the inception of this report in 2016;

* Improvement in some of the core underwriting categories as well as in manufacturing-related categories, most likely driven by more predictable and stable volumes;

* A significant shift in reviews of refinance versus purchase transactions, further signaling that the transition from a refinance market to a purchase market is well underway;

* Increased share and improved performance for conventional loans; and

* A decline in Early Payment Defaults ("EPDs"), indicating that reviews have peaked and are now below pre-pandemic levels.

"Several factors contributed to the increase in the critical defect rate to 2.27% in Q2 of 2021, including the transition from a refinance market to a purchase market, the previous quarter's falling margins, eviction moratorium uncertainty and rising inflation," said ACES Executive Vice President Nick Volpe. "As the market continues to transition to primarily purchase transactions, lenders should expect continued volatility over the next few quarters and, therefore, keep a close watch on defects for the foreseeable future."

Findings for the Q2 2021 ACES Mortgage QC Industry Trends Report are based on post-closing quality control data derived from the ACES Quality Management and Control® benchmarking system and incorporate data from prior quarters and/or calendar years, where applicable. All reviews and defect data evaluated for the report were based on loan audits selected by lenders for full file reviews.

"While the increase in the critical defect rate was disappointing, there are several silver linings to our Q2 findings, including volume stabilization and declining unemployment numbers. These, combined with other economic factors, provide some optimism for the coming quarters, though the possible effect of inflation on interest rates may dampen that outlook," said ACES CEO, Trevor Gauthier. "Given the uncertainty of 2022's market and increasing regulatory pressures, lenders must ensure their existing QC and compliance programs are leveraging automation to maximize loan quality and mitigate risk."

Mortgage QC Industry Trends Reports are available for download, free of charge, at https://www.acesquality.com/resources/reports.

About ACES Quality Management

ACES Quality Management, formerly known as ACES Risk Management (ARMCO), is the leading provider of enterprise quality management and control software for the financial services industry. The nation's most prominent lenders, servicers and financial institutions rely on ACES Quality Management & Control Software® to improve audit throughput and quality while controlling costs, including:

* 3 of the top 5 and more than 50% of the top 50 independent mortgage lenders;

* 7 of the top 10 loan servicers;

* 11 of the top 30 banks; and

* 1 of the top 3 credit unions in the USA.

Unlike other quality control platforms, only ACES delivers Flexible Audit Technology, which gives independent mortgage lenders and financial institutions the ability to easily manage and customize ACES to meet their business needs without having to rely on IT or other outside resources. Using a customer-centric approach, ACES clients get responsive support and access to our experts to maximize their investment. For more information, visit https://www.acesquality.com/ or call 1-800-858-1598.

Related link: https://www.acesquality.com/

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Business, Construction and Building, Free News Articles, Manufacturing, Reports and Studies

145 New Industrial Manufacturing Planned Industrial Project Reports – November 2021 Recap

JACKSONVILLE BEACH, Fla. -- SalesLeads announced today the November 2021 results for the new planned capital project spending report for the Industrial Manufacturing industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 145 new projects in the Industrial Manufacturing sector.

The following are selected highlights on new Industrial Manufacturing industry construction news.

Industrial Manufacturing - By Project Type

Manufacturing/Production Facilities - 128 New Projects

Distribution and Industrial Warehouse - 61 New Projects

Industrial Manufacturing - By Project Scope/Activity

New Construction - 52 New Projects

Expansion - 55 New Projects

Renovations/Equipment Upgrades - 46 New Projects

Plant Closings - 12 New Projects

Industrial Manufacturing - By Project Location (Top 10 States)

North Carolina - 12

California - 11

Ohio - 9

Indiana - 9

Georgia - 8

Florida - 7

Ontario - 7

Texas - 7

New York - 6

Michigan - 6

Largest Planned Project

During the month of November, our research team identified 13 new Industrial Manufacturing facility construction projects with an estimated value of $100 million or more.

The largest project is owned by SKC, Inc., who is planning to invest $473 million for the construction of a manufacturing facility at 3000 SKC Dr. in COVINGTON, GA. Completion is slated for Fall 2023.

Top 10 Tracked Industrial Manufacturing Projects

SOUTH CAROLINA:

Flooring products mfr. is planning to invest $400 million for an expansion of their manufacturing facility in AIKEN, SC. They have recently received approval for the project. Completion is slated for late 2024.

GEORGIA:

Metal recycling service provider is planning to invest $340 million for the construction of an electronic recycling facility in AUGUSTA, GA. Completion is slated for Spring 2024.

FLORIDA:

Contact lens mfr. is planning to invest $200 million for the expansion of their manufacturing facility in JACKSONVILLE, FL. They are currently seeking approval for the project.

INDIANA:

Biotechnology company is planning to invest $125 million for the construction of a 110,000 sf processing facility in FISHERS, IN. They have recently received approval for the project. Completion is slated for late 2023.

NORTH CAROLINA:

Consumer products mfr. is expanding and planning to invest $110 million for the construction of an 80,000 sf manufacturing facility in GREENSBORO, NC. They have recently received approval for the project.

TEXAS:

Medical glove mfr. is considering the construction of two manufacturing facilities and is currently seeking sites in the KATY and CYPRESS, TX areas. Watch SalesLeads for updates.

ALABAMA:

Wire mfr. is planning to invest $100 million for the construction of a 270,000 sf manufacturing facility in HARTSELLE, AL. They have recently received approval for the project. Completion is slated for early 2023.

OHIO:

Home appliance mfr. is planning to invest $65 million for an expansion of their manufacturing facility in OTTAWA, OH. Construction is expected to start in Summer 2022, with completion slated for 2023.

INDIANA:

Trailer mfr. is planning to invest $50 million for the renovation and equipment upgrades on their manufacturing facility in TERRE HAUTE, IN. They are currently seeking approval for the project. Construction is expected to start in early 2022. They will consolidate part of their operations upon completion in late 2024.

NORTH CAROLINA:

Shipping pallet mfr. is planning to invest $40 million for the renovation and equipment upgrades on a recently leased 253,000 sf warehouse and manufacturing facility in MOCKSVILLE, NC. Completion is slated for Summer 2022.

About SalesLeads, Inc.

Since 1959, SalesLeads, based in Jacksonville, FL is a leader in delivering industrial capital project intelligence and prospecting services for sales and marketing teams to ensure a predictable and scalable pipeline. Our Industrial Market Intelligence, IMI identifies timely insights on companies planning significant capital investments such as new construction, expansion, relocation, equipment modernization and plant closings in industrial facilities. The Outsourced Prospecting Services, an extension to your sales team, is designed to drive growth with qualified meetings and appointments for your internal sales team.

Each month, our team delivers hundreds of industrial capital project intelligence reports within a variety of industries, including:

* Industrial Manufacturing

* Plastics

* Food and Beverage

* Metals

* Power Generation

* Pulp Paper and Wood

* Oil and Gas

* Mining and Aggregates

* Chemical

* Research and Development

* Distribution and Supply Chain

* Pipelines

* Pharmaceutical

* Industrial Buildings

* Waste Water Treatment

* Data Centers

Learn more: https://www.salesleadsinc.com/solutions/industrial-project-reports/

Related link: https://www.salesleadsinc.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Free News Articles, Reports and Studies, Restaurant, Hotel and Hospitality

Kiosk News from Industry Group and Kiosk Manufacturer Association (KMA) for Nov. 2021

​DENVER, Colo. -- November news from the Industry Group and Kiosk Association. Events and Features This Month: First Responder Lockers and Kiosk; Bill Payment Kiosk Review; and McDonalds Deploys Accessibility to self-order kiosks.

Events and Features This Month

* First Responder Lockers and Kiosk -- Our feature story on innovative new public safety lockers and kiosks from CR+M. The CR+M digital kiosk stores five CR+M belts, each containing five STOP THE BLEED® kits as well as a breaching tool and a ballistic shield. The units also provide a highly valuable real-time digital bulletin board, branding and advertising tool.

* Bill Payment Kiosk Review - an onsite review, photo gallery and discussion of 2021 payment stations used in retail telecom stores such as AT&T, Verizon, T-Mobile and Xfinity Comcast.

* McDonalds Deploys Accessibility to self-order kiosks -- McDonalds will deploy accessibility to all owned stores by the end of the year and any new deployments to franchise stores will come with accessibility included. Featured is the integration of the JAWS screen reader and the AudioPad hardware assistive technology.

NRF in New York January -- We will be showcasing accessibility in multiple form factors and in the POS space. As part of the show, the KMA and Datacap Systems have nominated PopID in the Best Payment Innovation award category. As of September 2021, PopID announced that more than 100 restaurants and retail brands now accept PopPay throughout Southern California with around 70,000 registered users and more than four million facial authentications.

On September 7, 2021, PopID announced they plan to go national. Recently, Wendy's in Japan announced a rollout of facial payment technology by PopID. It takes less than 30 seconds to vote. Please vote for PopID at: https://usvendorawards.awardsplatform.com/entry/vote/bnJKmLPa?keywords=PopID&chapter=&category=95290

ARTICLES THIS MONTH

* First Responder Kiosk - Emergency Supply Lockers for "Stop the Bleed"

* Bill Pay Kiosks Review 2021 - AT&T Bill Pay, Verizon, T-Mobile, Xfinity Comcast

* Cashierless Store Kiosks - Starbucks and Amazon Go

* Facial Payment - PopID and SoftBank to Launch PopPay In Japan - Wendy's

* New Kiosk Model From Evoke Creative Supplier for McDonalds

* Retail Market Research IoT Impact 2021 - The Digital Transformation

* Digital Signage Case Study - Westin dvLED Peerless-AV, NovMega, LG in Canada

For more information contact Craig Keefner, 720-324-1837 or craig@catareno.com or you can visit https://kioskindustry.org/.

Since 1996 for 25 years serving the self-service technology market. For a complete list of verticals visit The Industry Group, at https://industrygroup.org/.

Related link: https://kioskindustry.org/

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Construction and Building, Free News Articles, Manufacturing, Reports and Studies

163 New Industrial Manufacturing Planned Industrial Project Reports – October 2021 Recap

JACKSONVILLE, Fla. -- SalesLeads announced today the October 2021 results for the new planned capital project spending report for the Industrial Manufacturing industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 163 new projects in the Industrial Manufacturing sector.

The following are selected highlights on new Industrial Manufacturing industry construction news.

Industrial Manufacturing - By Project Type

Manufacturing/Production Facilities - 148 New Projects

Distribution and Industrial Warehouse - 53 New Projects

Industrial Manufacturing - By Project Scope/Activity

New Construction - 41 New Projects

Expansion - 61 New Projects

Renovations/Equipment Upgrades - 72 New Projects

Plant Closings - 13 New Projects

Industrial Manufacturing - By Project Location (Top 10 States)

Ontario - 10

Indiana - 10

Texas - 9

Ohio - 8

Michigan - 8

North Carolina - 8

Pennsylvania - 7

New York - 7

South Carolina - 6

Illinois - 6

LARGEST PLANNED PROJECT

During the month of October, our research team identified 17 new Industrial Manufacturing facility construction projects with an estimated value of $100 million or more.

The largest project is owned by Ford Motor Company, who is planning to invest $5.8 billion for the construction of two EV automotive and battery manufacturing facilities in GLENDALE, KY. They are currently seeking approval for the project. Completion is slated for 2025 and 2026.

TOP 10 TRACKED INDUSTRIAL MANUFACTURING PROJECTS

ONTARIO:

Automotive mfr. is planning to invest $1.5 billion for the renovation and equipment upgrades on their manufacturing facility in WINDSOR, ON. They are currently seeking approval for the project.

KENTUCKY:

Home appliance mfr. is planning to invest $450 million for the expansion, renovation, and equipment upgrades on their manufacturing facility in LOUISVILLE, KY. They have recently received approval for the project.

FLORIDA:

Satellite mfr. is planning to invest $300 million for the construction of a 660,000 sf manufacturing facility in CAPE CANAVERAL, FL. Construction is expected to start in Summer 2022.

INDIANA:

Automotive mfr. is planning to invest $230 million for the renovation and equipment upgrades on their three manufacturing facilities in KOKOMO, IN. They have recently received approval for the project.

TEXAS:

Metal products mfr. and distributor is planning to invest $200 million for an expansion of their manufacturing facility in NASH, TX. They are currently seeking approval for the project.

NEW YORK:

Aluminum products mfr. is planning to invest $130 million for an expansion and equipment upgrades on their manufacturing facility in OSWEGO, NY. Construction is expected to start in Spring 2022, with completion slated for 2024.

TENNESSEE:

Automotive mfr. is planning for the renovation and equipment upgrades on their manufacturing facility at 983 Nissan Dr. in SMYRNA, TN. They are currently seeking approval for the project.

OHIO:

Clinical research firm is considering investing $100 million for the construction of a 40,000 sf manufacturing facility and currently seeking a site in the CINCINNATI, OH area.

NORTH CAROLINA:

Flooring products mfr. is planning to invest $87 million for an expansion of their manufacturing facility in THOMASVILLE, NC. They have recently received approval for the project.

MISSOURI:

Medical device mfr. is planning to invest $83 million for a 58,000 sf expansion and equipment upgrades on their processing facility in ST. LOUIS, MO. Completion is slated for Fall 2023.

ABOUT SALESLEADS, INC.

Since 1959, SalesLeads, based in Jacksonville, FL is a leader in delivering industrial capital project intelligence and prospecting services for sales and marketing teams to ensure a predictable and scalable pipeline. Our Industrial Market Intelligence, IMI identifies timely insights on companies planning significant capital investments such as new construction, expansion, relocation, equipment modernization and plant closings in industrial facilities. The Outsourced Prospecting Services, an extension to your sales team, is designed to drive growth with qualified meetings and appointments for your internal sales team.

Each month, our team delivers hundreds of industrial capital project intelligence reports within a variety of industries, including:

* Industrial Manufacturing

* Plastics

* Food and Beverage

* Metals

* Power Generation

* Pulp Paper and Wood

* Oil and Gas

* Mining and Aggregates

* Chemical

* Research and Development

* Distribution and Supply Chain

* Pipelines

* Pharmaceutical

* Misc. Industrial Buildings

* Waste Water Treatment

* Data Centers

Learn more: https://www.salesleadsinc.com/solutions/industrial-project-reports/

Related link: https://www.salesleadsinc.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Free News Articles, Reports and Studies

SimpleNexus’ Mortgage Loan Compensation Report for Q3 2021 shows year-over-year decline in individual LO commission led by waning refi volume

LEHI, Utah -- SimpleNexus, owner of the recently acquired LBA Ware™, a leading provider of incentive compensation management (ICM) and business intelligence (BI) software solutions for the mortgage industry, today released summary statistics on the state of mortgage industry loan compensation in the third quarter of 2021. Analysis of data from the CompenSafe™ ICM platform showed that declining loan volume in Q3 2021 compared to Q3 2020 pushed quarterly loan originator (LO) commission earnings down 17%. Over the same period, mortgage lenders increased loan processor staffing by roughly a quarter while funding fewer loans, driving average individual processor incentive compensation down by a third.

Methodology

SimpleNexus' LBA Ware team reviewed account data for mortgage lenders who used CompenSafe to automate incentive compensation throughout the third quarters of both 2020 and 2021. The controlled sample dataset consisted of retail, first-lien production from LOs and loan processors with at least six funded loans during the three-month period beginning July 1, 2021, and ending September 30, 2021.

Key Findings
* Monthly commissions earned per LO in Q3 2021 decreased 17% overall from Q3 2020. Monthly refinance commissions decreased 37%, accounting for most of the shortfall, while monthly purchase loan commissions held relatively steady, rising just 2%.

* Overall, LOs saw a 2.44% decrease in per-loan commission rates from 102.878 basis points (BPS) in Q3 2020 to 100.372 BPS in Q3 2021. Notably, lenders dialed down per-loan commission rates on refinances by 7.17%, from 95.210 BPS in Q3 2020 to 88.384 BPS in Q3 2021. BPS paid out on purchase loans decreased 1.58% from 109.838 to 108.102.

* LOs averaged $2.2M in funded volume per month in Q3 2021, a decrease of 14.9% from Q3 2020 ($2.6M). Purchase volume funded by individual LOs increased 4% from $1.4M in Q3 2020 to $1.5M Q3 2021, and refinance volume declined 32% from $1.3M to $0.9M during the same period.

* LO staffing levels held relatively steady from Q3 2020 to Q3 2021, dipping just 2%. Simultaneously, loans funded per LO per month decreased 22%, with LOs in the sample set averaging 9.0 loans a month in Q3 2020 versus 7.0 loans a month in Q3 2021.

* Loan processor staffing grew 23% from Q3 2020 to Q3 2021. Loan processors averaged 29% fewer loans per month in Q3 2021 (15.2 units) compared to Q3 2020 (21.5 units), fueling a 33% decrease in quarterly bonus compensation earned from $3,201 per processor per month in Q3 2020 to $2,140 in Q3 2021.

"The heyday of ultra-low rates and enormous refinance volume is over, and compensation is starting to settle back to pre-pandemic levels. On the bright side, 2021 is still shaping up to be the second-highest production year in the last decade, with modest growth in the purchase market helping take the edge off declining refinance volumes," said SimpleNexus EVP and General Manager Lori Brewer. "We will be watching to see if lenders reduce headcount or take a more conservative approach to incentive comp to protect margin."

About SimpleNexus, LLC:

Founded in 2011, SimpleNexus is an award-winning developer of mobile-first technology for the modern mortgage lender. Lenders depend on our namesake homeownership platform to unite the people, systems and stages of the mortgage process into a seamless, end-to-end solution that spans engagement, origination, closing and business intelligence. By helping lenders manage their teams and stay connected with borrowers and real estate partners, we deliver a measurable return on investment in the form of reduced turn times, increased loan application submissions and more referral business. A four-time Inc. 5000 company, SimpleNexus has been recognized as one of the world's Best Workplaces for Innovators. For more information, visit https://www.simplenexus.com/ or follow @SimpleNexus.

Related link: https://simplenexus.com/

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Business, Free News Articles, Manufacturing, Reports and Studies

162 New Industrial Manufacturing Planned Industrial Project Reports – September 2021 Recap

JACKSONVILLE, Fla. -- SalesLeads announced today the September 2021 results for the new planned capital project spending report for the Industrial Manufacturing industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 162 new projects in the Industrial Manufacturing sector.

The following are selected highlights on new Industrial Manufacturing industry construction news.

Industrial Manufacturing - By Project Type

Manufacturing/Production Facilities - 147 New Projects

Distribution and Industrial Warehouse - 54 New Projects

Industrial Manufacturing - By Project Scope/Activity

New Construction - 57 New Projects

Expansion - 48 New Projects

Renovations/Equipment Upgrades - 66 New Projects

Plant Closings - 12 New Projects

Industrial Manufacturing - By Project Location (Top 10 States)

Indiana - 14

Texas - 12

North Carolina - 9

Ohio - 8

Pennsylvania - 8

Michigan - 8

Tennessee - 7

Ontario - 7

Illinois - 7

California - 6

Largest Planned Project

During the month of September, our research team identified 15 new Industrial Manufacturing facility construction projects with an estimated value of $100 million or more.

The largest project is owned by Ford Motor Company, who is planning to invest $5.6 billion for the construction of an EV automotive and battery manufacturing campus in MEMPHIS, TN. They are currently seeking approval for the project. Completion is slate for 2025.

Top 10 Tracked Industrial Manufacturing Projects

NEVADA:

Lithium ion battery recycling company is considering investing $1 billion for the construction of a 1 million sf manufacturing facility and currently seeking a site in the EASTERN NEVADA area. Watch SalesLeads for updates.

ALABAMA:

Automotive manufacturer is planning to invest $288 million for the renovation and equipment upgrades on their manufacturing facility in HUNTSVILLE, AL. They have recently received approval for the project.

MICHIGAN:

Automotive mfr. is planning to invest $250 million for the renovation and equipment upgrades at their manufacturing plants in DEARBORN, STERLING HEIGHTS, and YPSILANTI, MI. They have recently received approval for the project.

SOUTH DAKOTA:

Battery mfr. is planning to invest $250 million for the construction of a manufacturing and distribution complex in RAPID CITY, SD. Construction will occur in phases. They will relocate operations upon completion.

NORTH CAROLINA:

Fiber optic cable mfr. is planning to invest $150 million for the construction of a manufacturing facility in HICKORY, NC. They have recently received approval for the project.

TEXAS:

Paper products mfr. is planning to invest $120 million for the expansion, renovation, and equipment upgrades at their manufacturing facility in PINELAND, TX. Renovations are expected to start in early 2022, with completion slated for late 2022.

MAINE:

Paper products mfr. is planning to invest $111 million for the expansion and equipment upgrades of their manufacturing facility in RUMFORD, ME. They are currently seeking approval for the project.

VIRGINIA:

Aluminum extrusion mfr. is planning to invest $100 million for the expansion and equipment upgrades at their manufacturing facility in PRINCE GEORGE, VA. They have recently received approval for the project.

OHIO:

Recycled paper products mfr. is considering the construction of a paper mill and currently seeking a site in the SOUTHWESTERN, OH area. Watch SalesLeads for updates.

TEXAS:

Diversified industrial equipment mfr. is planning to invest $77 million for a 75,000 sf expansion and the renovation of their weather-damaged manufacturing and office facility in TYLER, TX. They have recently received approval for the project. Completion is slated for Spring 2022.

Since 1959, SalesLeads, based out of Jacksonville, FL has been providing Industrial Project Reports on companies that are planning significant capital investments in their industrial facilities throughout North America. Our professional research team identifies new construction, expansion, relocation, major renovation, equipment upgrades, and plant closing project opportunities so that our clients can focus sales and marketing resources on the target accounts that have an impending need for their products, services, and indirect materials.

Each month, our team provides hundreds of industrial reports within a variety of industries, including:

* Industrial Manufacturing

* Plastics

* Food and Beverage

* Metals

* Power Generation

* Pulp Paper and Wood

* Oil and Gas

* Mining and Aggregates

* Chemical

* Research and Development

* Distribution and Supply Chain

* Pipelines

* Pharmaceutical

* Misc. Industrial Buildings

* Waste Water Treatment

* Data Centers

Related link: https://www.salesleadsinc.com/

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Business, Free News Articles, Reports and Studies

Sales Boomerang releases Q3 2021 Mortgage Market Opportunities Report

WASHINGTON, D.C. -- Sales Boomerang, the mortgage industry's top-rated automated borrower intelligence and retention system, today released its Q3 2021 Mortgage Market Opportunities Report. Despite marketwide declines in loan volume, Sales Boomerang's report identified several fertile opportunities for mortgage lenders, including a high frequency of borrowers who are well positioned to refinance for a better rate, remove FHA mortgage insurance or tap into home equity.

Methodology

The Mortgage Market Opportunities Report draws on Sales Boomerang system data to identify market opportunities of relevance to today's borrowers and lenders. To generate the report, Sales Boomerang reviewed data from more than 150 residential mortgage lenders that use its borrower intelligence and retention tools to monitor millions of customer and prospect records. Sales Boomerang then calculated the aggregate frequency with which those contact records triggered loan-opportunity, prescriptive-scenario and risk-and-retention alerts during the second and third quarters of 2021.

Key Findings*

Sales Boomerang's loan-opportunity alerts identify the contacts inside a lender's database who are actively shopping for a mortgage loan or who may be able to benefit from a new mortgage loan. Across the sample group, the frequency of each alert type in Q3 2021 was as follows:

* Mortgage Inquiry Alert: 5.27% of monitored contacts (down 10.22% from Q2)

A customer or prospect has shopped with a competitor in the last 24 hours.

* EPO Alert: 2.23% of monitored contacts (down 8.23% from Q2)

A customer or prospect whose loan closed ≤ 6 months ago has shopped with a competitor in the last 24 hours.

* Credit Improvement Alert: 1.32% of monitored contacts (down 40.00% from Q2)

A customer or prospect has improved their FICO score.

* New Listing Alert: 1.04% of monitored contacts (down 24.09% from Q2)

A customer or prospect has listed their home for sale.

* Equity Alert: 8.02% of monitored contacts (down 6.20% from Q2)

A customer or prospect's home equity has increased.

* Rate Alert: 14.75% of monitored contacts (up 10.65% from Q2)

The interest rate of a customer or prospect's existing mortgage is significantly higher than current prevailing rates.

Sales Boomerang's prescriptive-scenario alerts analyze not only whether a consumer could benefit from a given loan type, but also whether or not the consumer is credit-qualified to apply for financing. This additional layer of intelligence makes prescriptive-scenario alerts among the highest-converting available to mortgage lenders today. The frequency of each alert during Q3 2021 was as follows:

* Cash-Out Alert: 4.31% of monitored contacts (up 291.82% from Q2)

A borrower is credit qualified and has built sufficient equity to tap into the cash in their home.

* Rate-and-Term Alert: 3.86% of monitored contacts (up 34.49% from Q2)

A borrower is credit qualified and can benefit from the current interest rates for a refinance.

* Debt Alert: 1.73% of monitored contacts (up 10.19% from Q2)

A borrower is credit qualified and can benefit from paying off other debts with the equity in their home.

* FHA MI Removal Alert: 7.27% of monitored contacts (up 366.03% from Q2)

An FHA borrower has exceeded 20% equity and can remove mortgage insurance (MI).

For a subset of lenders that maintain servicing portfolios, the frequency of risk-and-retention alerts was as follows:

* Risk & Retention Alert: 36.18% of monitored contacts (down 1.23% from Q2)

A customer is engaging in one or more of 15 credit activities that may put their serviced loan at risk

Analysis*

* Many FHA borrowers with mortgage insurance are unaware they have the option to remove their MI once they reach 20% equity. With a 366% quarter-over-quarter increase in FHA MI Removal alerts, lenders have the opportunity to deliver immediate monthly savings to borrowers.

* Although the frequency of Equity alerts fell slightly from Q2 to Q3, nearly one in 12 borrowers saw significant home equity growth over the last quarter. Moreover, the almost 300% quarter-over-quarter increase in Cash-Out alerts shows that borrowers have grown their credit scores alongside their equity, paving the way for more cash-out refinance and HELOC activity in the coming months. The strong performance of equity-based alerts is underscored by key observations from the latest CoreLogic Homeowner Equity Report, which found that the average homeowner gained $51,500 in equity during the past year while U.S. homeowners as a whole have seen their equity increase by a total of nearly $2.9 trillion since the second quarter of 2020.

* As long as interest rates remain low, refi opportunities remain on the table for many borrowers. This opportunity is apparent in the continued quarter-over-quarter growth of the Rate and Rate-and-Term alerts. However, with Mortgage Inquiry and EPO alerts both showing quarter-over-quarter decreases, lenders will need to be proactive in reaching out to potential refi customers, as many eligible customers do not appear to be shopping for rates on their own.

* With market experts long predicting a late 2021 home purchase boom, the 24% quarter-over-quarter decrease in New Listing alerts suggests lenders may need to revise their year-end revenue forecasts.

* Risk & Retention alerts held nearly steady from the second quarter. With more than one in three borrowers exhibiting risky credit behaviors, mortgage servicers should keep a close eye on their portfolios for default risk.

"As industry experts have predicted, we are starting to see the refinance market slow - and the purchase market has not yet picked up the slack," said Sales Boomerang CEO Alex Kutsishin. "Still, the big-picture view says we are still in the midst of a housing boom. Ample purchase and refinance opportunities remain, and our data intelligence points to myriad ways lenders can improve borrowers' financial position with the right loan product."

*Key findings and analysis provided for informational purposes only. The data represented in the Mortgage Market Opportunities report is historical. Past performance is not a reliable indicator of future results. Sales Boomerang accepts no responsibility or liability for readers' use of the key findings or analysis included in this report.

About Sales Boomerang:

Sales Boomerang transformed the relationship between mortgage lenders and borrowers with the introduction of the first automated borrower intelligence system in 2017. The company's intelligent alerts notify lenders as soon as a past customer or prospect is ready and credit-qualified for a loan. As the mortgage industry's #1 borrower retention tool, Sales Boomerang is trusted by more than 150 lenders - including brokers, independent mortgage companies, credit unions and banks - to help build lasting borrower relationships that maximize lifetime customer value. To date, Sales Boomerang alerts have enabled lenders to close more than $30 billion in additional loan volume that would have otherwise been overlooked and achieve customer retention rates that outperform industry norms by an average of 3-5X. To learn more about Sales Boomerang and its No Borrower Left Behind(tm) ethos, visit https://www.salesboomerang.com.

@SalesBoomerang

Related link: https://www.salesboomerang.com/

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