Having been in the office leasing business for over 50 years I have been asked on hundreds, if not thousands, of occasions to define an A building. My answer has always been the same – an A building is one that is owned by an A owner. Buildings like Rockefeller Center in New York, or
I recently read an article in a Costar release entitled “Flight to quality continues in Chicago.” For the past 50 years I have been actively involved in the Commercial Real Estate industry in Chicago and to say it mildly, I would beg to differ with this assumption. What is really happening is a FLIGHT TO
Recently there has been a great deal of publicity for Hudson yards in New York as well as Lincoln Yards in Chicago. While both have similar names, I have identified 2 contrasts. #1 Chicago has a variety of established office markets. New York has begged for ages for an alternate location able to provide Midtown
By Howard Ecker I was having a talk with a good friend of mine who is quite involved in the tech community and actually understands real estate from the tech point of view. Whether it be one click on Amazon, a Google search for almost anything or the instant gratification of booking something on Airbnb
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
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
CFOs are bracing for corporate real estate turmoil beyond their balance sheets when the new Financial Accounting Standards Board (FASB) lease standards are implemented in 2019 and 2020. The new rules will require CFOs to document all leases on their balance sheets as liabilities rather than expenses. This will put CFOs at greater risk with
