Bookmarks: 5 Interesting Articles to Help You This Week

March 20th, 2017

Credit: iStock

Credit: iStock

Each week, I select a few articles that rise above the fray and hopefully help you on your journey in the CRE world. They pull from one of four “corners:” corporate real estate, technology, management science and anything positive. I welcome your comments on these articles and the submissions of others (with credit to you if I post them). I wish you a terrific week!

Millennials are Forcing America’s Largest Corporations to Kill Traditional Suburban Office Parks
“…developers still have to decide if their buildings align with what employees are asking for, and doubly so as the desire for certain elements of the ‘urban experience’ have bled into the suburbs. If businesses choose not to adapt to those changing preferences, as…research suggests they should, it shouldn’t come as a surprise if tenants begin to jump ship. The cities that have strong downtowns and are successful in attracting corporate relocations and millennials to live nearby will have an unquestionable edge. “In those metropolitan areas, the suburban campus will be less successful.” www.businessinsider.com

It’s 10 AM. Do You Know What Your Sales Reps Are Doing?
“The revelation of how sales people actually spend their time paves the way for management based on facts, not myths. It makes clearer what combination of coverage, alignment, and behaviors generates the best outcomes. And it gives frontline managers a specific agenda for coaching and training, all in the service of inspiring greater productivity for the entire sales team..” www.hbr.com

High Above, Drones Keep Watchful Eyes on Wildlife in Africa
“Popices launched with a new offering: indoor spaces. Their portfolio includes restaurants, cafes, a hotel, and even a converted house-boat. Baker tells us that each space offers different perks, but that “if you compare it to Airbnb, we basically guarantee members a bed (desk + chair) and all the other extras depend on the location they choose. www.https://allwork.space.com

How The Top Real Estate Tycoon In LA Overcame MS To Achieve Success
“Pardee took a year off from working to focus on her values and what was most important to her. She attended the LifeForward program through the Hudson Institute of Coaching in Santa Barbara, which gave her the tools to get her life under control. “I was able to hone in on what was important to me in each area of my life – personal, family, friends, business and community. I had to make a commitment to live within my values and be true to myself. I had to learn to give up things I could not change. I made visions boards for my life that incorporated creative ways to live in the moment and truly appreciate every day. Rather than letting the MS diagnosis set me back, I took control of my life and made an actionable plan.”www.forbes.com

How the ‘Airbnb for Pets’ Became a $70 Million Business
“The company’s success has been good news for Rocky the fearful goldendoodle, who no longer has to spend her time in kennels. Hirschhorn, speaking while on vacation in the Dominican Republic, says that she’s currently boarding with a DogVacay sitter. “From the pictures I’ve gotten of Rocky at the beach, on a hike, and passed out in her bed,” he adds, “I’m pretty sure she’s having as much fun on vacay as we are.” www.inc.com

Your success blesses others. I wish you a great a hugely impactful week!

Ken

 

Bookmarks: 5 Interesting Articles to Help You This Week

March 13th, 2017

Credit: iStock

Credit: iStock

Each week, I select a few articles that rise above the fray and hopefully help you on your journey in the CRE world. They pull from one of four “corners:” corporate real estate, technology, management science and anything positive. I welcome your comments on these articles and the submissions of others (with credit to you if I post them). I wish you a terrific week!

Why Do Employees Stay? A Clear Career Path and Good Pay, for Starters
“At Glassdoor, we have ample data on workers’ job trajectories from millions of résumés that people have shared on our site. Looking at those résumés, we can gain insight into the reasons for employee turnover by comparing job transitions where workers stayed with their original employer with those where people left for another company.” www.hbr.com

Why We Don’t Value Flextime Enough
“Even when flextime is available, its attractiveness depends on how it is perceived by others, particularly by higher-ups. Employees may wonder, for example, whether they will be at a disadvantage for promotion if they don’t put in enough face time at the office during business hours. If we really are going to change the way that people think about the benefits of flextime, managers need to make it clear that there is no stigma attached to it.” www.wsj.org

Pop-Up Workspaces: The New Hype in Amsterdam
“Popices launched with a new offering: indoor spaces. Their portfolio includes restaurants, cafes, a hotel, and even a converted house-boat. Baker tells us that each space offers different perks, but that “if you compare it to Airbnb, we basically guarantee members a bed (desk + chair) and all the other extras depend on the location they choose. www.https://allwork.space.com

How The Top Real Estate Tycoon In LA Overcame MS To Achieve Success
“Pardee took a year off from working to focus on her values and what was most important to her. She attended the LifeForward program through the Hudson Institute of Coaching in Santa Barbara, which gave her the tools to get her life under control. “I was able to hone in on what was important to me in each area of my life – personal, family, friends, business and community. I had to make a commitment to live within my values and be true to myself. I had to learn to give up things I could not change. I made visions boards for my life that incorporated creative ways to live in the moment and truly appreciate every day. Rather than letting the MS diagnosis set me back, I took control of my life and made an actionable plan.”www.forbes.com

The American Suburbs as we Know Them Are Dying
People in US suburbs are changing the way they shop, where they eat, and what they want in their homes.Malls are shutting down as e-commerce continues to take over, and the casual-dining chains that fed shoppers after a day of hoofing it through the mall are struggling to cope.” www.businessinsider.com

Your success blesses others. I wish you a great a hugely impactful week!

Ken

 

Bookmarks: 5 Interesting Articles to Help You This Week

March 6th, 2017

Credit: iStock

Credit: iStock

Each week, I select a few articles that rise above the fray and hopefully help you on your journey in the CRE world. They pull from one of four “corners:” corporate real estate, technology, management science and anything positive. I welcome your comments on these articles and the submissions of others (with credit to you if I post them). I wish you a terrific week!

‘Ugh, I’m So Busy’: A Status Symbol for Our Time
“The gleam of being both well-off and time-poor, the authors write, is “driven by the perceptions that a busy person possesses desired human capital characteristics (competence, ambition) and is scarce and in demand on the job market.” In a curious reversal, the aspirational objects here are not some luxury goods—a nice watch or car, which are now mass-produced and more widely available than they used to be—but workers themselves, who by bragging about how busy they are can signal just how much the labor market values them and their skills.” www.theatlantic.com


The Right Way to Start a Meeting
“If you want to have a more productive meeting, focus on a strong opening. A good start to a meeting is like an overture: It sets the tone, introduces the major themes, and provides a preview of what you can expect. Here are some best practices for starting your next meeting.” www.hbr.org

NAR: 2017 Will Be Strong Year for Commercial
Strengthening demand from smaller markets will help the commercial sector see stable growth and offer “decent” returns for investors in 2017, according to the National Association of REALTORS®’ quarterly commercial real estate forecast NAR predicts that the national office vacancy rate will drop 1.1 percentage points to 12.1 percent this year. Job growth in the business and professional services sector is expected to increase the need for office space in 2017. www.realtormag.com

Why We Don’t Value Flextime Enough
“Workplace flexibility has obvious appeal as an alternative to the traditional 9-to-5 day. It allows employees to get to the doctor, stop for a haircut or attend a school assembly during the day and to wrap up work after the kids go to bed. And if employees value this flexibility, companies may benefit as well—by attracting better employees or making existing ones more productive, because they are happier on the job.www.wsj.com

Cities Embrace ‘Transit Hubs’ to Boost Business, Jobs
“Are transit hubs the new malls? Several major nerve centers of U.S. transportation—like Union Station in Washington, D.C., and Penn Station in New York City—are planning major overhauls that would transform them from pass-through structures into glittering corridors of restaurants, retail, and event spaces. Meanwhile, expanding local rail systems around the country are also sparking the development of new transit hubs, trying to take advantage of built-in foot traffic to boost business and job markets.” www.curbed.com

Your success blesses others. I wish you a great a hugely impactful week!

Ken

 

Bookmarks: 5 Interesting Articles to Help You This Week

February 27th, 2017

Credit: iStock

Credit: iStock

Each week, I select a few articles that rise above the fray and hopefully help you on your journey in the CRE world. They pull from one of four “corners:” corporate real estate, technology, management science and anything positive. I welcome your comments on these articles and the submissions of others (with credit to you if I post them). I wish you a terrific week!

Apple Will Open Its New ‘Spaceship’ Campus In April
“Apple’s new campus has a name and a move-in date.

On Wednesday, Apple announced that its 175-acre ring-shaped futuristic campus will be called “Apple Park” and employees will being occupying it in April, although construction will continue through the summer. By the end of this year, Apple expects to move more than 12,000 employees into the new Cupertino campus.

To honor Steve Jobs’ memory, the 1,000-seat auditorium on campus will be named after Apple’s iconic founder. Apple announced the news days before what would have been Jobs’ 62nd birthday.” www.forbes.com


How to Handle Interrupting Colleagues
“You’re giving a presentation on the company’s strategic direction when one of your colleagues interrupts you. You pause, address his question, and continue with your point — until he interrupts again. Sound familiar?

All of us have known colleagues, friends, or romantic partners who seem unable to let us finish a sentence. How do you handle them effectively? There are a number of tactics.” www.hbr.org

What CEOs Should Know About Speaking Up on Political Issues
The unpredictability of our current political environment, in the U.S. and around the globe, has drawn company leaders into a maelstrom. CEOs don’t know whether a presidential tweet will bring their company into the limelight, or whether a controversial policy will pressure them to speak out. For example, there was anxiety among CEOs about how to respond to President Trump’s recent executive order restricting immigration. There’s even an app that notifies users when the president tweets about a particular company.

Should executives respond when a tweet or unexpected event touches their business or rouses their employees and customers? There are risks and rewards to CEO activism. Weber Shandwick, where I serve as chief reputation officer, and KRC Research surveyed 1,050 senior executives and 2,100 consumers across 21 markets worldwide to find out what people expect from corporate brands.. www.hbr.com

Investors Are Targeting Smaller, Last Mile Warehouses
“Investors are taking aim at smaller industrial properties that cover the critical last mile that e-commerce firms need to make same-day delivery a reality. These warehouses tend to be smaller, less efficient and older than bulk facilities, and until now they’ve  largely sat idle on the market,www.bisnow.org

The B-52s Played its First Gig 40 Years Ago Today, so Here are 52 Fun Facts About the Band
“In honor of one of Athens’ most legendary bands celebrating the anniversary of its first gig 40 years ago, here are 52 fun, freaky and factual things to know about the B-52s.” www.redandblack.com

Your success blesses others. I wish you a great a hugely impactful week!

Ken

 

Bookmarks: 5 Interesting Articles to Help You This Week

February 20th, 2017

Credit: iStock

Credit: iStock

Each week, I select a few articles that rise above the fray and hopefully help you on your journey in the CRE world. They pull from one of four “corners:” corporate real estate, technology, management science and anything positive. I welcome your comments on these articles and the submissions of others (with credit to you if I post them). I wish you a terrific week!

It Only Takes 7 Words to Create the Last Work-From-Home Policy You’ll Ever Need
“Recently, a friend asked me to review his work-from-home policy. He’s tired of being reactive and wants to be proactive. “What am I missing?” he asked. “What should I add?”

I didn’t even look at his policy.

“Here are all the guidelines you need,” I said.

* Get your work done.
* Be available.
* Overcommunicate.

Sound too simple? It’s not. Those seven words cover most of the issues you’ll face–and if they don’t, you can deal with those situations one-off rather than as systemic issues that require a blanket policy.” www.inc.com


Want to Be More Productive? Sit Next to Someone Who Is
“We saw that neighbors have a significant impact on an employee’s performance, and it can be either positive or negative. In terms of magnitude, we found that approximately 10% of a worker’s performance spills over to her neighbors. Replacing an average performer with one who is twice as productive results in his or her neighboring workers increasing their own productivity by about 10%, on average.” www.hbr.0rg

Business travel. It’s a killer. Literally.
“Now I don’t wish to sound like some harbinger of doom and put a downer on what some believe is one of the few pleasures they have in their working lives but several recent studies suggest that extensive air travel is incredibly detrimental to your health.. www.linkedin.com

Energy Strategy for the C-Suite
“To understand how firms are approaching energy strategy, we surveyed executives from 145 companies with $1 billion or more in revenue from across sectors and geographies. The research looked at the firms’ performance on 15 measures of energy practice, including developing a formal strategy, deploying cutting-edge technologies, and leveraging advanced financing mechanisms. We sorted the firms into leaders, middle tier, and laggards and gauged how well their “energy maturity” drove business value. Drawing on this research and on our decades of experience in energy consulting and management, we have developed a new framework for using energy strategy to drive business value.www.hbr.org

10 Journalism Brands Where You Find Real Facts Rather Than Alternative Facts
“One key question for any publication is this: If a reporter gets facts in a story wrong, will the news outlet investigate a complaint and publish a correction? Does the publication have its own code of ethics? Or does it subscribe to and endorse the Society of Professional Journalist’s code of ethics? And if a reporter or editor seriously violates ethical codes – such as being a blatant or serial plagiarizer, fabulist or exaggerator – will they be fired at a given news outlet? While some may criticize mainstream media outlets for a variety of sins, top outlets such as the Washington Post, the New York Times, NBC News and the New Republic have fired journalists for such ethics violations. That is remarkable in a world where some celebrities, politicians and other realms of media (other than news… such as Hollywood films “based on a true story”) can spread falsehood with impunity.” www.forbes.com

Your success blesses others. I wish you a great a hugely impactful week!

Ken

 

Bookmarks: 5 Interesting Articles to Help You This Week

February 13th, 2017

Credit: iStock

Credit: iStock

Each week, I select a few articles that rise above the fray and hopefully help you on your journey in the CRE world. They pull from one of four “corners:” corporate real estate, technology, management science and anything positive. I welcome your comments on these articles and the submissions of others (with credit to you if I post them). I wish you a terrific week!

Big Investors Cut Back on Commercial Property as Bull Market Loses Steam
Is the pendulum swinging back the tenant’s way? “Some prominent real-estate investors are reducing their holdings and getting more selective about new deals, in a sign that the eight-year bull market for U.S. commercial property is coming to a close.

Asset managers at pension funds and endowments, as well as private-equity firms and other big investors, are throttling back on new acquisitions, selling more assets and shifting to less risky strategies as a way to protect against potential losses in a downturn.” www.wsj.com

Finally, Proof That Managing for the Long Term Pays Off
“Companies deliver superior results when executives manage for long-term value creation and resist pressure from analysts and investors to focus excessively on meeting Wall Street’s quarterly earnings expectations. This has long seemed intuitively true to us. We’ve seen companies such as Unilever, AT&T, and Amazon succeed by sticking resolutely to a long-term view. And yet we have not had the comprehensive data needed to quantify the payoff from managing for the long term — until now.

New research, led by a team from McKinsey Global Institute in cooperation with FCLT Global, found that companies that operate with a true long-term mindset have consistently outperformed their industry peers since 2001 across almost every financial measure that matters.” www.hbr.0rg

Sorry, Working From Home Isn’t the Future of Job Flexibility
Workers say in survey after survey that flexibility is a very important aspect of job satisfaction. But what they really want is to work from home, according to a recently published study by the Washington Center for Equitable Growth.

That’s not realistic for many of the fields of work that are growing fastest, and it’s not something most employers are offering.

The average worker would take an 8 percent pay cut to work from home, the study found. Other possible work arrangements, such as compressing five days’ worth of work into four or picking different start and end times, don’t seem to justify a lower salary. www.bloomberg.com

How to Make Sure Your Emails Give the Right Impression
Given the avalanche of email we receive each year — 121 messages per day, on average — it’s no wonder that we have become somewhat desensitized to its impact on our professional brand. We’ll spend hours polishing our LinkedIn profiles and revising our résumés, but hastily hit send on an unintelligible missive simply because we’re in a rush. “Sent from my device, please overlook typos” is not a get-out-of-jail-free card for shoddy communications.

Have you ever thought about the brand you’re conveying through your emails? You should. Every email you send affects your professional reputation, or brand. Don’t make these all-too-common mistakes in your communication:” www.hbr.org

10 Journalism Brands Where You Find Real Facts Rather Than Alternative Facts
“One key question for any publication is this: If a reporter gets facts in a story wrong, will the news outlet investigate a complaint and publish a correction? Does the publication have its own code of ethics? Or does it subscribe to and endorse the Society of Professional Journalist’s code of ethics? And if a reporter or editor seriously violates ethical codes – such as being a blatant or serial plagiarizer, fabulist or exaggerator – will they be fired at a given news outlet? While some may criticize mainstream media outlets for a variety of sins, top outlets such as the Washington Post, the New York Times, NBC News and the New Republic have fired journalists for such ethics violations. That is remarkable in a world where some celebrities, politicians and other realms of media (other than news… such as Hollywood films “based on a true story”) can spread falsehood with impunity.” www.forbes.com

Your success blesses others. I wish you a great a hugely impactful week!

Ken

 

Bookmarks: 5 Interesting Articles to Help You This Week

February 6th, 2017

Credit: iStock

Credit: iStock

Each week, I select a few articles that rise above the fray and hopefully help you on your journey in the CRE world. They pull from one of four “corners:” corporate real estate, technology, management science and anything positive. I welcome your comments on these articles and the submissions of others (with credit to you if I post them). I wish you a terrific week!

Office Landlords Leverage Co-Working Style Designs to Retain Tenants
“Inspired by Millennials, the collaborative office design is now popular across most industries and age groups. Office building landlords are now outfitting lobbies with amenities and creating indoor and outdoor spaces where building occupants can work, socialize and meet with each other or clients. Office landlords are capitalizing on a concept originally conceived by co-working operators like WeWork.” www.nreionline.com

Cat’s new HQ goal: Change culture
“With all due respect to Peoria, it’s going to be easier to lure corporate talent to the Chicago area. Yes, the area has its problems but it is also home to many world-class cultural amenities and social attractions that help make people want to work and play here.”

“Many of Caterpillar’s senior leaders have spent many years at the firm and have been rotated throughout the business,” Keith Schoonmaker, Morningstar analyst, wrote in a recent report. “Increasingly, however, the company has sought to hire people from outside of the heavy equipment industry.” www.chicagotribune.com

Sorry, Working From Home Isn’t the Future of Job Flexibility
Workers say in survey after survey that flexibility is a very important aspect of job satisfaction. But what they really want is to work from home, according to a recently published study by the Washington Center for Equitable Growth.

That’s not realistic for many of the fields of work that are growing fastest, and it’s not something most employers are offering.

The average worker would take an 8 percent pay cut to work from home, the study found. Other possible work arrangements, such as compressing five days’ worth of work into four or picking different start and end times, don’t seem to justify a lower salary. www.bloomberg.com

Unusual employee benefits at Basecamp – the complete list
I’m often asked about the benefits we offer at Basecamp. Potential employees are obviously curious, but most of the questions I get are from fellow business owners and entrepreneurs. Everyone’s looking to know what everyone else is doing — as are we — so I figured I might as well post our current benefit list publicly.

Note: Since the majority of our staff works remotely, and some outside the US, some of these benefits are provided in different ways. For example, the 401k is only available in the US. We’re currently working on making sure everyone, no matter where they work, have commensurate benefits (or at least as similar as possible). We’re still working on this, so hopefully I can write more about how we’ve addressed this down the road.” www.linkedin.com

How Well Are #CRE Leaders Balancing Need To Attract Talent & The Need To Reduce Company Costs?
Corporate real estate (CRE) leaders around the world are focused on strategies to attract and retain superior employees and help enhance their productivity. At the same time, they must continually find ways to reduce occupancy costs. The overriding challenge is to balance these two goals, which are often in opposition to one another.

This is the picture that emerged from a new global CRE survey conducted by Cushman & Wakefield in conjunction with CoreNet Global in 2016 as a follow-up to the 2015 study of industry trends, which reinforces the criteria that is really driving occupier decisions. This year, our survey examined not only location and workplace strategy as corporate value drivers, but also CRE’s alignment with business strategy alignment.” www.cushwake.com

Your success blesses others. I wish you a great a hugely impactful week!

Ken

 

Bookmarks: 5 Interesting Articles to Help You This Week

January 30th, 2017

Credit: iStock

Credit: iStock

Each week, I select a few articles that rise above the fray and hopefully help you on your journey in the CRE world. They pull from one of four “corners:” corporate real estate, technology, management science and anything positive. I welcome your comments on these articles and the submissions of others (with credit to you if I post them). I wish you a terrific week!

Chick-fil-A is beating every competitor by training workers to say ‘please’ and ‘thank you’
“According to Chick-fil-A, the chain has the upper hand when it comes to customer service because it invests more than other companies in training its employees. The chicken chain’s unique business structure, in which each franchisee is only allowed to open one Chick-fil-A location, further allows for more hands-on supervision and training.” www.businessinsider.com

Top 10 Hot Artificial Intelligence (AI) Technologies
“Coined in 1955 to describe a new computer science sub-discipline, “Artificial Intelligence” today includes a variety of technologies and tools, some time-tested, others relatively new. To help make sense of what’s hot and what’s not, Forrester just published a TechRadar report on Artificial Intelligence (for application development professionals), a detailed analysis of 13 technologies enterprises should consider adopting to support human decision-making.” www.forbes.com

A New Age Industrial Product Emerging To Meet Modern Needs

Inspired by the creative office movement, a new generation of industrial flex space is emerging that combines creative office and industrial uses under one roof. Most of these projects recycle large old industrial buildings by dividing them up for multiple tenants.

This is a relatively new product type that appears most popular in mature urban locations with a large, educated young workforce, such as San Diego, Minneapolis, Seattle, Minneapolis, Los Angeles and New York… www.nrei.com

Unusual employee benefits at Basecamp – the complete list
I’m often asked about the benefits we offer at Basecamp. Potential employees are obviously curious, but most of the questions I get are from fellow business owners and entrepreneurs. Everyone’s looking to know what everyone else is doing — as are we — so I figured I might as well post our current benefit list publicly.

Note: Since the majority of our staff works remotely, and some outside the US, some of these benefits are provided in different ways. For example, the 401k is only available in the US. We’re currently working on making sure everyone, no matter where they work, have commensurate benefits (or at least as similar as possible). We’re still working on this, so hopefully I can write more about how we’ve addressed this down the road.” www.linkedin.com

How Well Are #CRE Leaders Balancing Need To Attract Talent & The Need To Reduce Company Costs?
Corporate real estate (CRE) leaders around the world are focused on strategies to attract and retain superior employees and help enhance their productivity. At the same time, they must continually find ways to reduce occupancy costs. The overriding challenge is to balance these two goals, which are often in opposition to one another.

This is the picture that emerged from a new global CRE survey conducted by Cushman & Wakefield in conjunction with CoreNet Global in 2016 as a follow-up to the 2015 study of industry trends, which reinforces the criteria that is really driving occupier decisions. This year, our survey examined not only location and workplace strategy as corporate value drivers, but also CRE’s alignment with business strategy alignment.” www.cushwake.com

Your success blesses others. I wish you a great a hugely impactful week!

Ken

 

Bookmarks: 5 Interesting Articles to Help You This Week

January 23rd, 2017

Credit: iStock

Credit: iStock

Each week, I select a few articles that rise above the fray and hopefully help you on your journey in the CRE world. They pull from one of four “corners:” corporate real estate, technology, management science and anything positive. I welcome your comments on these articles and the submissions of others (with credit to you if I post them). I wish you a terrific week!

The Surprising Truth About Choice
Technology gives us the power to check emails from home in the middle of the night and to collaborate in real time with colleagues all around world. And because choice empowers a person to work in whatever style they find most conducive to success, we expected our 2016 survey to show that more organizations are offering choice to their employees. So you can imagine the shock we felt when we learned that choice is actually decreasing! According to the results of our 2016 U.S. Workplace Survey, which surveyed 4,000 U.S. workers across 11 industries, only one in four people now reports having choice in where they work. That’s a 24 percent decrease in a span of just three years.” www.gensleron.com

How to Write Email with Military Precision
In the military, a poorly formatted email may be the difference between mission accomplished and mission failure. During my active duty service, I learned how to structure emails to maximize a mission’s chances for success. Since returning from duty, I have applied these lessons to emails that I write for my corporate job, and my missives have consequently become crisper and cleaner, eliciting quicker and higher-quality responses from colleagues and clients. Here are three of the main tips I learned on how to format your emails with military precision… www.hbr.org

What Matters More to Your Workforce than Money
Economists have long argued that money doesn’t buy happiness. But compensation is still a major factor for us when we’re considering where to work. What do we know about how more pay influences employees’ motivations?

That slice of information can be the difference between a workforce that is satisfied and productive and one that isn’t — costing the business money in the long run.

As the chief economist at Glassdoor, my role is to help unearth some of the driving forces behind job seekers’ decisions: why they choose the jobs they do, what matters to them at work, and what causes them to love — or despise — their company or manager.www.hbr.org

Tech That Will Change Your Life in 2017
Ok, teleportation is still a ways off. But we’re still in awe of what’s in store for the next 12 months. The list below has become an annual tradition, where we talk to industry insiders, track the trends and otherwise gaze into our crystal ball to identify the tech that’s going to make an impact in the near term—for better and worse.” www.wsj.com

A New Age Industrial Product Emerging to Meet Modern Needs
“Inspired by the creative office movement, a new generation of industrial flex space is emerging that combines creative office and industrial uses under one roof. Most of these projects recycle large old industrial buildings by dividing them up for multiple tenants.

This is a relatively new product type that appears most popular in mature urban locations with a large, educated young workforce..” www.nreionline.com

5 Trends That Will Change The Way Your Customers Will Shop In 2017
At first glance, the queues for 2016’s hot-ticket holiday item, Snapchat Spectacles, might not have looked all that different from the round-the-block lines that formed for the Tickle Me Elmo craze of 20 years ago. But a closer inspection reveals how the simple act of shopping has been quietly transformed during that time.

Rather than waiting at the mall to make their purchase, Snapchat’s hopeful customers were lining up to buy specs at Snapbot vending machines in exotic locales such as the Grand Canyon, the Rose Bowl and Big Sur…” www.forbes.com

Your success blesses others. I wish you a great a hugely impactful week!

Ken

 

Bookmarks: 5 Interesting Articles to Help You This Week

January 9th, 2017

Credit: iStock

Credit: iStock

Each week, I select a few articles that rise above the fray and hopefully help you on your journey in the CRE world. They pull from one of four “corners:” corporate real estate, technology, management science and anything positive. I welcome your comments on these articles and the submissions of others (with credit to you if I post them). I wish you a terrific week!

100,000-square-foot startup hub ‘TechRise’ planned for Buckhead
“We are seeing increasing demand for short-term leases among emerging growth companies, and specifically in the tech sector,” noted Ken Ashley, executive director at Cushman & Wakefield. “Those companies are changing so rapidly, it’s hard to see even six months into the future, much less five years.”

While there is demand for short-term office space created by co-working spaces and incubators, it is unlikely the real estate industry will adopt the model at scale. “It’s one shelf, but it’s not the whole store,” Ashley said. “It would be unlikely that you would see many landlords take entire buildings and commit them to short-term (leases).” www.bizjournals.com

Why Millennials Don’t Like to Make Phone Calls
“The biggest reason has to do with time. We might not like to admit this, but as we get older, we stop forming as many new brain cells. (The myth is that we lose a lot of brain cells each day.) Millennials think faster than anyone older than 34. Millennials process information faster than most of us. They don’t have time for outdated technology.

In my informal survey, Millennials said they want to communicate faster and get better answers. To me, it’s the difference between asking a question on Twitter or trying to find an expert on a topic. Maybe the quality of the answer is different, but you can post on Twitter in about five second. (Believe me, I’ve tested this.) When I asked a question about parking in Las Vegas recently, about three people answered within seconds.” www.inc.com

Stop Setting Goals You Don’t Actually Care About
“At the start of 2016, I asked myself one question: “How can I make achieving my professional growth goals effortless?” I found the answer was elegantly simple — by focusing on alignment goals.

Many people fail on their professional development goals for the year because they take on a lot of goals — goals that they feel they “should” do but ultimately don’t energize them. For example, maybe they tell themselves that they need to read a pile of books in order to learn more, keep up with their colleagues, or just stay up-to-date with their industry. But if sitting down to read feels more like a chore, it’s unlikely they’ll make any progress — and they may feel badly for not achieving their goal when the year comes to a close. While the goal itself felt like it was something that fit the needs of their professional role, it didn’t match the individual’s preferences or ambitions.” www.hbr.com

Tech That Will Change Your Life in 2017
Ok, teleportation is still a ways off. But we’re still in awe of what’s in store for the next 12 months. The list below has become an annual tradition, where we talk to industry insiders, track the trends and otherwise gaze into our crystal ball to identify the tech that’s going to make an impact in the near term—for better and worse.” www.wsj.com

How To Earn Your Manager’s Respect
recent HBR study of nearly 20,000 employees around the world found that the most important thing that workers want from their managers is respect. “If you don’t feel respected, you won’t be engaged in your work,” says Linda Hill, professor at Harvard Business School and the coauthor of Being the Boss: The 3 Imperatives for Becoming a Great Leader. Respect from your boss has many layers, according to Michael Watkins, chairman of Genesis Advisers and a professor at IMD. It begins with being seen as “someone worth keeping and someone [your boss] wants to have as part of his team.” It progresses to being viewed as an employee deserving of “interesting and challenging assignments,” and finally as an employee that your manager, “wants to invest in and develop because he thinks you have a bright future.” Wanting respect is one thing; getting it is another. Here are some strategies.” www.hbr.com

Meet The 28-Year-Old CEO Plowing Travel Guidebooks Into The Future
Three years after graduating from Western Kentucky University, Daniel Houghton, 28, took the helm of the now 44-year-old travel brand, Lonely Planet, in 2013. One of his first tasks? Laying off 75 people, one-fifth of the company’s employees, many of whom worked on Lonely Planet’s free-spirited print guidebooks (though layoffs touched every team).  Guidebook sales, industry-wide, had plummeted 40% from 2007 through 2012, so Houghton decided Lonely Planet had go digital to survive. One year after he took over, digital accounted for 30% of Lonely Planet’s revenue, and print sales also rebounded, up 27% since 2013. In his first month as CEO, Houghton circumnavigated the globe three times in two weeks, meeting Lonely Planet’s partners and staff in offices spanning five continents. www.forbes.com

Your success blesses others. I wish you a great a hugely impactful week!

Ken