Office market recovering?

October 7, 2010

Therebs a glimmer of hope for the office market, as new research from Reis Inc. shows office rents are starting to stabilize. In the past three months, average rents decreased by only a cent, which is the smallest decline since 2008, according to The Wall Street Journal. Nevertheless, signs do point to a very slow

Lack of financing hasnbt stopped all construction

September 30, 2010

Even despite a dearth of financing for new construction, some developers remain optimistic. Letbs not underestimate the lack of financing. As Anthony Westreich, chief executive of landlord Monday Properties, told The Wall Street Journal, "It's a bit of a cart-and-horse situation. You have tenants saying, 'I don't want to commit to a lease in your

National commercial real estate prices fall in consecutive months

September 21, 2010

National commercial real estate prices fell in July following a previous decline in June, according to Moodybs and Real Estate Analyticsb Monday report. From January through July 2010, commercial real estate prices have dropped 4 percent altogether, even despite gains in April and May. Contributing factors beginning early this year include the potential for a

Property owners decide to default on loans

August 31, 2010

One trend emerging in commercial real estate mirrors a similar course in the housing market: Property owners are choosing to default on debts for buildings not worth the value of their loans, just as some homeowners leave mortgaged houses that have lost a good portion of their value. This isnbt a matter of these commercial

Retailers re-lease vacated big box sites

August 24, 2010

Following many storesb closings over the last couple of years, a number of retailers have announced expansion plans and are re-leasing vacated bbig boxb space. Hhgregg, for example, has opened more than 30 stores in the last year and a half, with plans to open another 45 locations in 2011---and most of these new locations

Office tenants learning to get by with less space

August 19, 2010

A recent marketplace trend reveals businesses are striving to make their workspaces more efficient and to decrease their square footage. Law firms especially have started to reduce their space, and many are assigning more lawyers to a single assistant than in years past. Baker & McKenzie in Chicago is going to move down the street

Slow recovery may be on the horizon

August 9, 2010

For the past two years, office building rents and occupancies have continued to decline, but new research suggests this may slowly start to change. Tenants have had the upper hand for a while now, but businessmen suggest landlord concession packages arenbt going to get any better from here, prompting more tenants to sign long-term leases

Summer Fridays: A continuing tradition

July 26, 2010

Despite the tough economic climate, many small business owners are still letting their employees leave the office early on Fridays, while others have continued providing at least some variance of the perk. Some companies that need staffers available to help customers, for example, will have their employees switch off Fridays they can take off early.

Welcome to Our Blog

July 23, 2010

We are thrilled to announce our innovative new online presence that will allow you to interact with us in brand new ways. Much more than just a new website or blog, our new online presence will provide easy and convenient new ways to stay informed, learn and network. Webd love for you to jump right