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Chicago

Navigating the “black swan effect” in business, and how flexibility with leasing space can help

Navigating the “black swan effect” in business, and how flexibility with leasing space can help

By Howard Ecker A “black swan” in the business world is an unlikely occurrence that can either screw up your company or make things even better. An unforeseen event that has a major effect on your business, basically altering everything, positively or negatively. A black swan can change your business so dramatically that the real estate you’re occupying no longer…

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What does it mean for Chicago when a building like the Hancock loses its iconic name?

What does it mean for Chicago when a building like the Hancock loses its iconic name?

By Howard Ecker I’m sure you read or heard a few weeks back that the John Hancock Center’s naming rights will soon be up for sale. The namesake insurance company, which built the 100-story, 1,128-foot skyscraper nearly 50 years ago, asked to have its name and logos removed, much like they did from the 62-story John Hancock Tower in Boston…

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Office flexibility — now even with larger global companies like IBM — is starting to trump corporate identity and risk

Office flexibility — now even with larger global companies like IBM — is starting to trump corporate identity and risk

By Howard Ecker According to a recent study I read about, leasing out flexible or co-working office space can be as much as 50 percent more profitable than leasing it out the more traditional way to a single tenant on a longer lease. But the same analysts that arrived at this statistic were quick to suggest that real estate companies…

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Tech, creative and media industries should remain interested in more than “trophy space”

Tech, creative and media industries should remain interested in more than “trophy space”

By Howard Ecker Yes, it’s true. Tenants from the tech, creative and media industries leased more than 8.5 million square feet in “trophy buildings” across the country in 2017. That’s an increase of seven percent over the year prior. Examples: Spotify snagged a 378,000 square-foot lease in 4 World Trade Center in New York, and Facebook signed a 436,000 square-foot…

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Even commercial real estate is falling victim to “fake news” these days

Even commercial real estate is falling victim to “fake news” these days

  By Howard Ecker Since our most recent election, fake news is, well, all over the news. It seems that everyone has their own perception about what constitutes “fake news.” Sometimes, I think fake news is anything that we really don’t want to know about or goes against our core beliefs. No matter your definition, the phrase is, at best,…

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The bidding war: I’m ready to change the way we think about the real estate leasing business

The bidding war: I’m ready to change the way we think about the real estate leasing business

  By Howard Ecker I’d like to change the game. Change how tenants and how brokers think about the real estate leasing business. Actually, how the world thinks about the real estate leasing business. My plan? I’d like to propose a bidding process for potential clients, and then let the best person, combined with the best bid, win. Imagine being…

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Riverview Realty Partners Announces Lease Expansion With SmithBucklin Corp At AMA Plaza

Riverview Realty Partners announced today that ContextMedia, Inc. and SmithBucklin Corporation, have entered into lease agreements at AMA Plaza, 330 North Wabash, in downtown Chicago with an affiliate of Riverview. The lease with ContextMedia, Inc. provides for it to lease the entire 25th floor of AMA Plaza, consisting of 32,650 rentable square feet, to house its corporate headquarters and operations…

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Startup Culture Inspires Changes In Traditional Chicago Office Spaces

Chicago office spaces originally suited for law and accounting firms are being repurposed to attract tech startups and the firms who want to emulate that culture, says Howard Ecker, whose eponymous Chicago-based firm, founded 38 years ago, matches tenants to space. He described to Blue Sky some ways startup culture is impacting the local commercial office space scene. Below are…

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