On November 11, 2015, the Financial Accounting Standards Board (FASB) decided upon the effective date for the long awaited and much debated new lease accounting standard requiring companies to recognize leases on their balance sheets. The effective date for public companies will be in fiscal years (including interim periods within those years) beginning after December…
How does your company’s real estate support and enhance corporate goals and objectives? I.E. – if a corporate goal is to be a low-cost producer, does the real estate footprint support that objective? If retaining and attracting talent is critical, how do locational decisions, workplace decisions, and facilities decisions advance that goal? Many C-suite executives…
In 2016 the Financial Accounting Standards Board (FASB) and international Accounting Standards Board (IASB) changed accounting rules so that in the near future, companies will be required to show virtually all leases on their balance sheets. This solution will require detailed planning and preparation that all companies will need to address promptly and with collaboration…
Whether you are planning a new office, renewing an existing lease or developing company-wide space standards, developing updated design benchmarks and occupancy strategies will prove extremely helpful. A company’s real estate can and should be an enabler of the business plan! When a new client engages my team, we take nothing for granted. Far too…
Corporate Leaders: What is your vision of the ideal workplace? Is it the same vision as that of the ideal labor force that you are trying to attract and retain? Does it truly represent and enable your vision for culture? Real estate markets around the world are tightening, and will continue to do so for…
Different cities, different landlords, different space measurement methods! Accurately defining your leased square footage is important. How can you best protect your company’s interests and assume that you are getting the amount of usable and rentable square footage that you bargained for? Since 1915, the BOMA Standard Method for Measuring Floor Area in Office Buildings…
When a company acquires or merges with another company, it’s often also acquiring outstanding obligations, holdings, liabilities, employees and real estate assets. M&A due diligence should include a comprehensive evaluation of all real estate assets and liabilities. Having an experienced and knowledgeable real estate professional included early in the process of an M&A transaction will…
Labor analytics – using a combination of both primary and secondary data – will help a company to ensure the location it is considering will be able to meet its workforce needs, today and in the foreseeable future. Understanding your potential workforce, and/or your current workforce is critical when undertaking a site selection project. Ensuring…
With markets tightening dramatically around the country, most of the “low hanging fruit” opportunities for cost reduction are gone. Your team needs to be keenly positioned to bring value in other ways. Three key questions to flush out their preparedness and capabilities: How will you use data to better align the company’s real estate with…
An office lease is a long term commitment, but the real estate needs of your business are subject to change. Armed with foresight and enjoying maximum leverage (because you were still talking with multiple landlords) you had your broker negotiate a right for you to terminate your lease early. With a termination option in your…