While CFOs may understand the basics surrounding the new Financial Accounting Standards Board (FASB) standards, they may not be aware of the many ways FASB could actually disrupt their business. Under the new rules, any lease over 12 months must now be recorded on the balance sheet as both an asset and liability by the
I just read an interesting article in the NY times about why corporate America is leaving the suburbs for the city. This article comes on the heels of a blog Howard Tullman wrote about the Merchandise Mart being what I would call “the building of the future” or as I’ve named it a GROUNDSCRAPER. Furthermore, recently I
Often times it takes reading some interesting articles for me to focus on a real issue. I recently read an article about the swelling number of commercial real estate brokers coming into the industry. It is my opinion that the heart of this increase is a combination of two things. First, the common "get rich
There seems to be a huge disconnect between the slow moving industry that is Commercial Real Estate and the extremely fast paced world of Tech. I have been seeing a lot of Tech clients lately who come to me with a need for office space. Usually, they want to move within 1-2 months, but unfortunately,
Never thought you guys would hear from me this soon again. Needless to say, it wasn’t my intention, but a situation occurred after writing my most recent blog post about American Pharaoh that I couldn’t pass up. Your law firm goes through a conflict resolution process before they are able to take your case; your
Several months ago, after American Pharaoh won the Triple Crown, I started to write this blog. What prompted me to do so was the thought that I had witnessed one of the great feats in all of sports, while, at the same time, being removed from working on a deal by someone who didn’t even
Earlier this week I found some papers at home I had been procrastinating reading. Recently, I came across two articles dealing with the issue of tenant representation and whether or not full-service brokers are fair to tenants. I read the articles, which stated the usual arguments, put them aside and went about taking a break
I heard an interesting comment the other day, one I haven’t heard before. One of our current clients came to Howard Ecker + Company after a brief relationship with a young broker from a large brokerage firm. When this client informed her broker that she would be switching over to our company, his parting words
Moving your law firm can be pricey, challenging, and risky. Problems may include deteriorating team morale, getting locked in to a long-term lease that doesn’t work for the firm, and spending more money than necessary. Firms that do it right in Michigan not only lock in efficient space at economic terms supported by the firm’s
The law office style that was prevalent many decades ago is no longer relevant. Gone are the days of large law libraries, mountains of paper files, and an assistant for each attorney. Recent technological advances are going to take this even further, as firms transform older, inefficient offices to well-planned work environments, or move to
