“To have or not to have”, that is the credit question. Tenants’ credit can easily make or break a deal. With the positive economic outlook, low vacancy rates, and higher rent rates- tenants are having to do more to prove their worth. In 2014 alone, according to CoStar, there was a 42 percent increase in … Continued
Catherine Swift Sennett, Esq., Partner in Charge of Advisory Services for Jackson Cross Partners is being recognized for her leadership skills as a 2015 Brava! Award recipient.
Zoos used to be concrete, barred cages with little regard for the captive animal. The same could be said for offices; spaces were divided and you were assigned a seat based on availability. But times are changing and zoos are putting the emphasis back on the most important part of the operation-the animals. Similarly, companies … Continued
“Massive concrete eyesores” is most often used to describe parking garages. Originally, when garages were integrated into the urban landscape, they were usually converted stables or repurposed large buildings. But as Americans became more auto-dependent, the parking garage shifted from a mechanized or attendant parked garage to the self-park, ramped buildings that dominate today’s landscape. … Continued
The buzzword when it comes to the office environment is “flexible”. Trends, technology and tight budgets are reshaping the office interior. Cube farms are being eliminated as more companies are moving to an open floor plan and shared work space environment. Server rooms are being replaced with cloud-based solutions. And, the average square footage of … Continued
It’s not enough anymore to put a recycling can in the break-room and LED light bulbs in your desk lamp in order to say a company is environmentally conscious. According to the US Department of Energy, commercial buildings account for 35 percent of US electricity consumption. That number, along with other environmental factors is what’s … Continued
There’s a major cultural problem facing companies who are broadening their real estate beyond the US borders as well as global companies who are strategically looking at their real estate assets. The issue is business textual translation – it’s more than the difference between writing a date (3/Mar/2015 versus Mar. 3, 2015), it’s about key … Continued
You know the saying “love and marriage go together like a horse and carriage”? Zoning and planning are much the same way. While many people think they are the same thing, they are in fact not. Understanding the differences can help landowners make the best use of their property, and give someone who is looking … Continued
Real Estate is a social business, so it’s ironic that so many people, within the industry, scoff at social media. While we can all agree you probably aren’t going to make the sale of a lifetime from social media, you are certainly going to get yourself out there. The power of social media is that … Continued
Very few companies view their real estate as a profit center. In the coming year, new FASB rules regarding accounting for leases should highlight your approach to utilizing real estate. Here are three ways companies can potentially profit from properties.