-
Serviced Offices: PTC
Peter Gregory, PTC’s VP of Real Estate and Finance, was required to eliminate over $4 million from next year’s real estate budget. Peter knew that best practice solutions—reducing capitalization on projects and negotiating improved financial terms on renewed leases—would be insufficient. In the past, PTC had used serviced offices only for new market penetration and very small sales offices. Peter ...Read more »
-
FITspace Complete™: Moscow
This global software company had a 3500 square foot, 17-person dedicated requirement in Moscow. Client needed private offices, a large conference room, a communications room, a kitchen, and a bullpen—fully furnished. Further criteria: a turnkey solution, no up-front CapEx, and a reliable Russia-based partner that could ensure timely completion and, later, provide ongoing management. Results: We negotiated a five-year lease with ...Read more »
-
Bandra Kurla Complex, Mumbai
We have been securing offices for several of our clients in this commercial center in a decongested suburb of Mumbai. The complex is of the highest international standards and houses a number of commercial buildings including NABARD Head Office, IL&FS, Asian Heart Institute, Dow Chemicals, ICICI Bank, Citibank, Bharat Diamond Bourse, Dhirubhai Ambani International School, American School of Bombay ...Read more »
-
HK Office Prices on the Rise
WSJ recently featured an article on the rising office rents in Hong Kong. 2010 saw a 30% increase in rents and specialists are forecasting another 30% increase in 2011. This statistic is coupled with projections that demand will reach 3 million sq. ft in HK's central business district while supply will be limited to just 1 million sq ft. In this explosive ...Read more »
-
FITspace Direct™: Raleigh
This financial services company had a 30-person demised requirement for a new regional office in Raleigh, NC. The client needed signage, a boardroom, a reception area, and a communications room among other densely packed, furnished, hard-walled offices. CapEx had to be kept to a minimum, and other costs were to be phased in as new employees were hired. From start ...Read more »
-
FITspace Turnkey™: Tokyo
This global pharmaceutical company had a 26-person requirement in Tokyo, which had to be procured for under $175,000 (including all project management, fit-out, and FF&E investment) and entirely provisioned within eight weeks because client was paying a lease on unoccupied space. Results: Project was completed on-time and on budget, and client saved $60,000 compared to next-best alternative.Read more »
-
FASB 13
The IASB and the FASB are developing new accounting standards that will completely overhaul the way leases are reported on financial statements, significantly impacting return on assets and other key financial ratios. The new standards would require all leases to be capitalized on the companies balance sheet and replace rent payment expense reporting with interest and depreciation expense reporting. Contact us ...Read more »
-
Peter Gregory – VP Real Estate/Facilities PTC
OfficeNetwork is an important part of our real estate process for our field offices. We have worked with them for over 3 years and they have helped us save a significant amount of money on leasehold improvement expenses.Read more »
-
Flextime
Flextime is a hotly-debated and undeniable trend gaining in popularity, perhaps lead by the more forward-thinking hi tech companies. "Flex time" refers to practice of designing a flexible work schedule for employees that breaks the mold of the traditional 9-5 workday. Some of the main reasons for this work place renaissance include; emerging technologies; advancements in telecommuting; employee morale; and reduced overhead. In ...Read more »
-
Steve Hirai – Sr. Director Global Real Estate
The OfficeNetwork team has been instrumental in helping my firm achieve our goals of cost savings and portfolio flexibility. Read more »
Follow Us on Twitter
Connect with us on Linkedin
Become Our Fans on Facebook