Published on Friday, 29 November 2013 09:34:17 Written by Marc
Published on Tuesday, 26 November 2013 11:48:44 Written by Marc
During the years that I was managing real estate, one of the most challenging tasks of finding the right office sites for our operations was to find sites in specific locations. On a number of occasions, we needed to consolidate business units together into new office sites. One of the most popular concerns that people who manage real estate leases can have with moving people from one site to another is getting people to the site. Read More
Published on Friday, 22 November 2013 18:26:50 Written by Marc
Published on Monday, 18 November 2013 08:19:18 Written by Marc
Of all the important tasks that real estate managers face on a daily basis, it would probably be fair to say that finding ways to save money probably ranks pretty high on the list. If your company leases sites for its operations and your job is to manage these leases, chances are that your responsibilities also include finding ways to save money for the company. Few departments do not have ‘saving money’ somewhere in their objectives these days and the real estate department is no exception. Read More
Published on Friday, 15 November 2013 09:55:33 Written by Marc
We often talk on our blog about things to remember when entering into a lease. Although managing leases can seem straightforward to many, for people who are in the field day in and day out negotiating leases and managing real estate portfolios for companies and organizations, the work is often much more technical that outsiders would think. Read More
Published on Tuesday, 12 November 2013 09:17:07 Written by Marc
It has already been 16 years; however, the day still rings fresh in many peoples’ minds. On July 2, 1997, a cascading effect caused by the sudden devaluation of a handful of currencies across Asia caused the debt-to-GDP ratios of those economies to balloon between 100% and 167%. The subsequent result was the doubling of corporate debt caused by companies heavily leveraging their assets using foreign denominated loans. Therefore, many projects that had capital allocated to them were shelved, stalled, or scrapped altogether.
Published on Friday, 8 November 2013 11:35:21 Written by Marc
When moving out of a site, it is good to have a restoration checklist of what to do before you can exit the site. While this might sound obvious, simply of a lease with restoration clauses, you will have the legal obligation to restore the lease site at the end of your lease. However, many companies fail to plan these restorations ahead and wait for the last minute to start the planning of the restorations, only to find out that the restoration work will take longer than planned. They also might find themselves having to pay an extra month or two of rent on an empty site, simply because the restoration work extends beyond the lease. Having a restoration plan, with a checklist of things to do, and who to contact well in advance will help. Yes, most of the time, it becomes project management but it does not always have to be so complicated. Read More
Published on Monday, 4 November 2013 09:13:23 Written by Marc
Most large businesses have processes in place to do a uniform cost and benefit analysis of proposed capital expenditures. This is often performed at the level of the initiating entity and then again at the approval level. Small businesses; however, often lack procedures and processes to deal with what they would consider major capital expenditures. Let us look at some of the factors that small businesses should take into consideration when determining the viability of a capital expenditure project.