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Tom Warn Named NEEDDA President

Tom Warn Named NEEDDA President Read more

Big-Box Retailers: How Are They Being Repurposed and Who Are the Major Players Taking Them Over?

Big-Box Retailers: How Are They Being Repurposed and Who Are the Major Players Taking Them Over? Big-box stores were once hailed as the future of retail, but in 2019, they’re rapidly becoming part of the past. Given that these huge structures usually required costly infrastructure changes — like new roadwork and high-demand utility connections — when they were built, it would be wasteful to simply abandon or demolish them. With more than 10.4 billion square feet of retail space measured in 2016, there’s a ... Read more

Environmental Due Diligence in the Garden State

Environmental Due Diligence in the Garden State  Are you doing the right environmental due diligence when purchasing property in New Jersey? Nova Consulting Group recommends that a purchaser of New Jersey property conduct both a Phase I Environmental Site Assessment (“Phase I”) and a Preliminary Assessment prior to acquisition. Here are some reasons why: In most states, conducting a Phase I satisfies a buyer’s “all appropriate inquiries” requirement for a limitation to liability under that state’s environmental liability law; however, not so in New Jersey. In ... Read more

New Nova Team Members – March 2019

New To The Nova Team Read more

Year-End Quire Q&A

Year-End Quire Q&A As announced at the beginning of the year, Nova teamed up with Quire, a state-of-the-art report authoring software platform, to enhance our report writing and data collection capabilities. Click here for the original interview with Quire CEO, Kelly L. Stratton, from January 2018. After a year of using Quire, we talked with some Nova experts for their feedback on the partnership, how we benefited, challenges we faced, and what the future may hold. What has been the biggest benefit Quire has offered Nova ... Read more

The Implications of Tariffs on the Construction Industry

The Implications of Tariffs on the Construction Industry There has been a great deal of discussion of late about impending tariffs, including a lack of clarity bordering on confusion about their structure and the short- and longer-term implications for the U.S. construction industry. These concerns are well warranted; the imposition and often mere threat of tariffs can cause price fluctuation in building materials. Steel, lumber, aluminum, and other materials see artificial volatility, thus affecting construction costs from top to bottom on projects ... Read more

Arsenic and Chromium Investigation

Arsenic and Chromium Investigation, A Nova Case Study Nova Investigates Arsenic and Chromium at North Carolina Lumber Yard Nova Consulting Group, Inc. (Nova), was contracted in August 2018 by a developer in Mecklenburg County, North Carolina, to perform a Phase I Environmental Site Assessment at a working lumber yard slated for residential redevelopment. The lumber yard is in the Catawba River Basin’s critical watershed, which provides drinking water for the city of Charlotte, among other municipalities. In 2004, the EPA suggested that two groups ... Read more

New Nova Team Members – December 2018

New To The Nova Team   Read more

Industry Forecast: What to Expect for Commercial Real Estate in 2019

Industry Forecast: What to Expect for Commercial Real Estate in 2019 With a growing economy that’s on track to have the longest period of expansion in decades, if not centuries, the strength of the U.S. commercial real estate market is likely to continue. A recently published report from Deloitte highlights what to expect within the industry throughout 2019, and agility is key. Investor confidence is strong, but there have been shifts in where that capital is going. Here are three key takeaways to help prepare for ... Read more