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The Importance of Considering Dew Point When Increasing Insulation in Existing Buildings

The Importance of Considering Dew Point When Increasing Insulation in Existing Buildings Many of Nova’s clients seek our help in retrofitting existing buildings, with the goal of reducing utility expenses. Often, we are asked to evaluate the impact of additional insulation on an exterior wall. This is a tricky subject to navigate and depends on a variety of factors. In International Energy Conservation Code (IECC) Zones 5 and higher, retrofitting an exterior wall with additional insulation carries a risk of moving the dew ... Read more

Environmental Compliance Reviews

An environmental compliance review evaluates the operations and equipment at a property, determines the applicable environmental requirements, identifies where gaps exist, and presents a pathway to compliance. Compliance gaps may be caused by many factors, including acquisition of new operations, the continuous development of new environmental regulations, facility growth or expansion, and personnel changes resulting in loss of inherent knowledge. The above operations and equipment may trigger air permit requirements, EPA NESHAP requirements, water discharge permitting, spill plan development, waste disposal management ... Read more

Team Building and Community Service Come Together at Nova

Nova is committed to corporate giving and community service. Last month, the Administrative team (Accounting, Associate Management, Human Resources, and Recruiting) in Chaska, MN, decided to organize a fundraising activity for local charities as their team building event. The team chose to brew and bottle a couple of fun specialty beers at a local brewery, Vine Park Brewery in St. Paul, MN. “Our hope was that people would be interested in making a monetary donation in support of our selected charities in ... Read more

New to the Nova Team – July 2016

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Byron Nelson Golf Tournament

On Friday, May 20, Nova hosted guests at our signature suite overlooking the 17th green at the Byron Nelson Golf Tournament. The event was hosted by the TPC Four Seasons Resort in Irving, Texas. . Read more

Lien Laws and Avoiding Construction Delays

Money flows on a construction project, from lender to borrower to general contractor to subcontractor and supplier—that’s a lot of changing hands, and that means risk. This is why our lending clients often ask for advice on the specifics of lien laws and lien waivers. For those active in construction lending, one version or another of a lien waiver document likely crosses your computer screen at least once a day. These files are a lot like receipts—receipts which state that, in ... Read more

A UK “Brexit” and the Commercial Real Estate Market

You’ve likely recently heard the term “Brexit”—in the news, on the radio, in conversation—but do you know what it is? In short, on June 23, 2016, the United Kingdom is holding a referendum to determine if there should be a British exit (nicknamed “Brexit”) from the European Union. If adopted, the UK would leave the 28-member coalition government in Brussels, in favor of more economic and political autonomy. This is a highly controversial move, akin to Texas voting to leave the US, ... Read more

New to the Nova Team – May 2016

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Case Study: Incorporating Energy Efficiency into Your Capital Improvement Plan

In the fall of 2014, Kurt Shillington at Princeton Properties hired Nova Consulting Group for an energy retrofit of the company’s newly acquired Princeton Dover Apartment Homes. The property is a 5.84-acre parcel hosting 10 three-story buildings with 125 garden-style apartments and a stand-alone management-leasing office. It is located close to downtown Dover, New Hampshire, and includes amenities such as a swimming pool, a tot lot, an exercise room, and generous amounts of open space.  Heat at the property is provided ... Read more

KPMG Survey Finds CRE Investors Positive but Prudent in 2016

Investors expect 2016 to be another great year for commercial real estate, as noted in KPMG LLP‘s 2016 Real Estate Industry Outlook Survey. Succinctly put, Phil Marra, national real estate funds leader with KPMG, told Commercial Property Executive, “Respondents to our survey remain cautiously optimistic about the real estate investment environment in 2016.” KPMG queried senior executives across the industry, and on the topic of real estate fundamentals in 2016…well, there couldn’t be a more positive group. A whopping 91 percent of respondents expect ... Read more
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