David Mudrick, President and CEO of Topcon America Corporation, discusses the transition from CFO to CEO in a CFO Studio Interview with Andrew Zezas.
Why commercial real estate brokers insist that tenants look at the office building men’s rooms when presenting space for relocation is a bit peculiar.
Don’t landlords know that people look at restrooms? As a result, don’t most landlords pay extra attention and keep them clean, even if they might not properly maintain other parts of their buildings?
I guess office building men’s rooms are like getting your signature notarized. One only has a problem when you cannot get your signature notarized or when the men’s room is not clean and orderly.
Certainly, a clean men’s room should suggest the environment in which a company’s employees would work. However, is it really a true indicator of the quality of a building and how well it is maintained and managed? What about the building’s financial circumstance and that of its landlord?
In challenging economic times where good companies work diligently to avoid financial collapse and good landlords find it difficult to attract new tenants and retain existing ones, a well-maintained building suggests that the landlord may, in fact, be focused on more than just protecting its investment. However, essential to determining the long-term viability of any potential real estate transaction is a thorough investigation of the physical condition of any property under consideration, as well as, a detailed review of the landlord’s ability to perform, not only operationally, but financially in accordance with the intended terms of a lease.
About CFO Studio
CFO Studio and CFO Studio Magazine deploy the best of new and traditional media to promote finance executives as business and strategy thought-leaders. Andrew Zezas, CEO of Real Estate Strategies Corporation, is the host and moderator of CFO Studio and the Publisher of CFO Studio Magazine.
Visit www.CFOstudio.com to watch interviews with New Jersey area CFOs, with new releases every Friday morning at 10:30 AM EST!
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Real Estate Strategies Corporation provides corporate real estate advisory and transaction services to CFOs, Management, and corporate Boards in New Jersey and around North America. Real Estate Strategies Corporation is a major sponsor of CFO Studio and CFO Studio Magazine, and is the sole real estate sponsor of the NJBiz CFO-of-the-Year Award, Financial Executives International – New Jersey Chapter, and the ACGNJ CFO Forum.
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