Gratitude is not only the greatest of virtues, but the parent of all the others.
–Cicero (106-43 BC)
Author: Liam Murphy
Liam Murphy is a partner at Hayes Commercial Real Estate and supports many national clients in their commercial real estate needs. He holds the distinguished Certified Commercial Investment Member (CCIM) designation as a recognized expert in the disciplines of commercial and investment real estate. Less than 6 percent of the commercial real estate practitioners nationwide have earned the CCIM designation.
A topic of much discussion is the proposed changes to Financial Accounting Standards Board (FASB)…
The Wall Street Journal reported that commercial property owners are intentionally defaulting on mortgages. Companies…
Overview Market reports both globally and nationally have been asking the same question for the…
In January of 2009 Starbucks sent letters to nearly all of its landlords asking for rental rate reductions of up to 25%; that was a bold move indeed. Many times they were successful…
This article drew my attention to two things:
1) The importance of continuing to support non-profit organizations which are making a difference in our country despite having their budgets slashed.
2) The degree to which corporations have put the brakes on their productive output. The implicit message in the article is that businesses are increasingly focusing on reducing operating expenses. Everyone has shifted to a cost-savings focus.
Proactive clients are using this undeniable fact to do one of two things to improve their business: 1) Secure a much nicer location for their business at an equal or lower cost than their current arrangement; or 2) sign a new lease in their current location at a significant savings.
What is it that keeps you up at night? Is it an incomplete task list?…
Commercial Real Estate Insights 