Recently I was contacted by a non-profit organization whose lease will be expiring soon.
Throughout my career, I have seen many situations in which doing business is made difficult by a dysfunctional power structure, but there are two that are particularly vexing:
1. A person has all of the authority, but none of the responsibility; or
2. A person has all of the responsibility, but none of the authority.
Responsibility: Project Manager
Have you ever taken a moment to appreciate the curves of a quiet country road surrounded by bursts of yellows, reds and a last touch of green? It truly is a pleasure to drive in and out of rock formations, farmland, and forests - with bends and rises just gentle enough to let you satisfy your need for speed.
I was at a networking event recently where we were asked to do an intellectual exercise. The speaker posed the question: If you had a magic wand, what would you change—even if it was disruptive—to make your life better? The point of the exercise was to get us thinking about our businesses and the services we offer from a different perspective.
When looking for short-term space, a sublessor’s interests compete against the interest of its potential landlord.
I’ve been working with a client who has been seeking a lease for a short term (i.e. under two years). The best possible scenario is a sublease from a tenant who has the extra space on a short-term basis. For the sublessor, it is found money, and for the subtenant, it gives them the short-term space they need. Additionally, the subtenant does not have to carry the burden of the liability that comes with a long-term arrangement.
Goldman Sachs alum David Valdez officially joined Mohr Partners as a Managing Director last month to support our mission of advising our clients to navigate the complex world of New York City commercial real estate with our strategic representation and market analysis.
It’s a presidential election year, and while that often has implications for markets, it is also a useful insight into people’s thinking. Politics engenders passion, so what we often see are people entrenched in their positions—sometimes while ignoring potentially important points of view.
Recently, there was an article in Bloomberg News entitled Negative Rates Hit Global Shipping Market.
The article details remarks from Nils Smedegaard Andersen, CEO of shipping giant A.P. Moeller-Maersk (“Maersk”). Andersen makes a good case for the assertion that “cheap money” is hampering consolidation in his industry. Low-interest rates have been enabling banks to keep marginal shipping companies in business, according to Andersen, and the result is lower shipping rates and excess supply. One of Maersk’s competitors, Hanjin Shipping Co. of South Korea, has recently been forced into debt restructuring in order to cope with lower revenue.