Picking out the perfect office space has always been a complicated decision, but it’s become much more difficult in recent decades. For the majority of human history, companies selected their space based on the headcount of employees they needed to support. Every employee came into the office to complete their tasks, and was hired with [...]
It’s common for companies to hire either outside consultants or a real estate director to manage their commercial real estate decisions, but this often ends in disaster, especially if they are not properly guided. While yes, real estate directors may have specialized knowledge about the real estate market, it’s critical that someone who is knowledgeable [...]
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 [...]
Prices of the area's biggest commercial properties keep rising, and so do their taxes. Property taxes rose at nine out of the 10 commercial properties in Cook County with the highest bills in 2013, according to the Cook County Treasurer's Office. That's similar to the 2012 tax year, when tax bills also mostly rose for [...]
Former Village Council member Robert Gusman has opened a Miami office for Howard Ecker & Company, where he will serve as the Managing Broker of a large commercial tenant representation firm. Howard Ecker & Company is based in Chicago and also has offices in New York and Denver. Gusman’s main focus will be assisting the [...]
When relocating, think about culture and space differently Law offices have changed dramatically over the past few years, with the elimination of traditional law libraries and mountains of paper files, and so have the offices of bar associations. Not only do recent advances in technology and communication make old offices obsolete, but law firms, bar [...]
When a forward-thinking firm relocates its offices, it will lock in favorable terms on efficient space - but also strive to create a work environment that reflects the firm's culture and values. Although no master blueprint works for all firms, several considerations are key.
Certain colleges and universities across the country are making plans in 2014 to expand their campus footprint and acquire more real estate. The question is, how do they carefully manage the potential challenges and risks, and implement a successful and efficient plan? It's a topic that I know very well: Large and small colleges – [...]
Veracen Partners is among a set of several new tenants to take space at Boston Properties’ 250 West 55th Street, signing a 10-year, 11,263-square-foot lease for a portion of the 16th floor at the 38-story tower. CBRE, which represented the landlord, announced the lease concurrently with a 7,196-square-foot deal with RTW Investments & LifeSci Capital [...]