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Management

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

By |2020-03-09T14:57:50+00:00March 9th, 2020|Blog, Chicago, Office Space, Tenant Representation|Comments Off on Management

Flight to High Rent

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

By |2019-11-26T19:06:24+00:00November 12th, 2019|Blog, Chicago, Lease Renewal, Office Space, Tenant Representation|0 Comments

Hudson Yards vs Lincoln Yards

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

Meeting the Real Need

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

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

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

Conflicts of Interest Exposed by New FASB Lease Standards

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

By |2017-04-25T14:17:40+00:00April 25th, 2017|Accounting, Tenant Representation, Thought Leadership|Comments Off on Conflicts of Interest Exposed by New FASB Lease Standards

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