Authored by Glenn Madere and Louis Battagliese In August 2010 FASB proposed a new lease accounting standard that it finalized in February 2016. Much of the five-and-a-half-year incubation period can be traced to vocal opposition by commercial tenants and their advisors who objected to what FASB now calls “finance lease” treatment for virtually all leases—the … Continued
By definition, an amenity is a desirable or useful feature of a building. They are often listed well below what used to be considered the “essential” facts (price per sq/ft, building size, availability). As Millennials take over as the largest demographic in the work force, tenants and landlords are starting to pay greater attention to … Continued
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In a tight industrial market, there are some flex industrial availabilities here in southeastern Pennsylvania.
Let’s give Millennials credit for one good idea: cutting down on commuting. Workers spend about 204 hours a year commuting, at a cost of $2600, according to the Census Bureau. That’s just the average, it doesn’t take into consideration the evitable traffic jam, the construction project or the overturned tractor trailer. No wonder commuting to … Continued
Jackson Cross Partners (JCP) Broker Philip Rothenberg, SIOR, proudly presented the Annual Philadelphia Regional Chapter of Society of Industrial and Office Realtors and the SIOR Foundation (SIORF) scholarship, in the amount of $3000, to Jordan Abrams.
The Morrissey Clan has staked a claim on a corner of the Jackson Cross Partners office. Sitting side by side are Founding Partner, John Morrissey and his son, Sean Morrissey, who recently joined the Jackson Cross Brokerage team.
Not all real estate professionals have the same titles. Find out what each title means and which one is best for your real estate needs.
Goldilocks was lucky, she got to try out each bed until she found the one that was just right. Unfortunately when it comes to finding the right commercial real estate space, you don’t get to try them out. Since commercial real estate is one of a company’s biggest expenses and leases are usually signed for … Continued
An interesting finding came out of a recent survey by one of the Big Four accounting firms. Only 8% of 13,000 questioned said they have a good understanding of the recently announced changes to the Lease Accounting Standard. With 92% somewhere between “general understanding” and “haven’t started”, the impending IASB/FASB deadline is going to seem … Continued