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Tag: Chicago real estate

When hunting for new office space, determining why you need it in the first place — and then taking care of employers — is vital

When hunting for new office space, determining why you need it in the first place — and then taking care of employers — is vital

By Howard Ecker There is a lot of talk these days about how important it is to take care of your employees when deciding on new office space, especially in regard to factors like the proximity to public transportation and lunch options, as well as the general comfort level of the office. While these are legitimate factors in the search…

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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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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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