Ken’s Ten Trends; The Latest on Corporate Workplaces

“We are planning spaces now for those who are in high school” – David Kamen, Chairman of CoreNet Global, in a preview of the Future Forward 2025 report

I recently returned from the confab of all things corporate real estate – the 2018 edition of the CoreNet Global Summit, which occurred in Boston. The theme, “What’s Next? Exploiting Uncertainty,” certainly summarized the feeling of many of the 3,000 plus attendees. The U.S. economy is robust, and real estate types are super busy finding sit/stand desks for all those butts. However, the fears of something bad in the future are gathering like clouds on a summer day. “Winter is coming, better prepare now,” said one CRE executive.

At the conference, I listened carefully and took copious notes. Below is my attempt to boil it all down into 10 trends:

David Kamen, Chairman of CoreNet Global

  1. Coworking becomes legit in corporate America– multiple CRE executives at major companies told me they are going to make some portion of their portfolios into a co working environment. The coworking craze is rapidly moving beyond the small, independent jobbers and into the mainstream. Over the next five years, corporate real estate professionals are set to dramatically increase their use of coworking spaces to house employees, according to a survey conducted by Cushman & Wakefield at the CoreNet Global Summit. The results so far, indicate companies utilizing co working have doubled over the past two years. When asked what percentage of a global workforce use or will use co working on a regular basis, respondents said 11% are using today, 17% in two years and nearly 25% in five years. The survey also revealed that 75% of those polled said the main benefit of utilizing coworking was the ability to ramp up or down a corporate real estate portfolio.
  2. White label coworking will come roaring out of the gates in 2019– private label offerings from landlords, service providers of all kinds and others will flood the market. The market is reacting in lockstep to what the existing competitors have created – and the profits realized. However, one of the challenges to these newcomers is the ability to offer flexibility to users. Cool coffee and free beer are part of the allure to those who occupy the spaces, but variable commitment periods are what makes CFOs smile.
  3. Lili pads and flexibility are what occupiers are jumping to – Speaking of the happy CFOs, with so much uncertainty in the economy (either up or down) leadership at some of the world’s largest users of space are seeing shorter-term commitments/management agreements and are willing to pay more to have the option to grow or go.The ideal lili pad could be a spec suite in a building, but with a short and highly flexible lease term.
  4. Work “how” not work “place”– Happiness in the workplace has to do with the ability to make choices regarding where you physically work in the office. The ability to choose to perform your work in different environments increases retention and overall satisfaction, according to surveys. As my friend Bryan Berthold, Managing Director of Workplace Strategy at Cushman & Wakefield says, “I didn’t take away your office. I gave you a building.”
  5. Want to come work here? –  I also saw in stark relief what we have all likely experienced in the current environment: labor rules the world. While some companies are locating on the beaten path in major cities, others are pivoting to lower-cost opportunities. “More arbitrage opportunities (exists) than ever before,” said David C. Smith, Vice President, Americas Head of Occupier Research for Cushman & Wakefield. “Growing educated workforce in secondary and even tertiary cities allow companies to keep their gateway offices and expand new departments in cities like Nashville, Boise, Phoenix, Charlotte, etc.” Whatever the location, there are still better and worse places to be (sub-markets and building types.) The fact of the matter is corporate America is scrambling to find someone – anyone – who can come aboard and work on the latest project the sales team just closed.

    Steve Quick, CEO of Global Occupier Services at Cushman & Wakefield

  6. Engagement is the new KPI– Employees want to be inspired by work that matters. Millennial workers seem to be asking in lockstep, “What are we trying to accomplish?” Corporate real estate leaders are trying to deliver spaces that support and emphasize the mission of the work occurring in the place. Cushman & Wakefield’s Berthold says the workplace, “Should be authentic, encourage innovation (and) should be a place where long-term friendships are fostered. Paramount to the needs of this group is that work is something to experience…the richness of leading a life where one’s work is as rewarding as one’s play is not your father’s office. It is your daughter’s.”
  7. Campsites and Open Houses* define an era of corporate openness to the community. A Campsite can occur when two companies are working on a large project together. Instead of Skyping, one company will send a team to the other to embed for 90 or 120 days. Culturally, teams can work together better by being in the same place for an extended period. Open House describes a scenario where corporates are opening up their campuses to the community. A great example of the phenomena is NCR’s HQ in Atlanta, which has a classroom in its lobby. The room can be reserved by anyone in the community, including Georgia Tech professors. In an Open House, CRE executives are attempting to build community relations and also to have potential new workers see their culture.
  8. This is the golden age of PropTech(but humans will continue to be needed.) One example of the burgeoning property technology market is machine learning for a design perspective in which we move away from 2D plans to building rich data models. Also, high volume, high repetition tasks like financial analysis will be automated. The organizers of the conference programmed some fascinating sessions on AI and automation that took advantage of proximity to some of the world’s leading thinkers on the subject. In Boston, you can find a lot of very smart human beings who can talk about smart machines. I think technology will assist us in making better decisions and absolutely make us more efficient. In the short term, however, I don’t think Siri will replace a broker, end user or landlord. When it comes to large, game changing decisions, people still want to deal with people – supported by great technology.
  9. The digital natives known as Gen Z will change the workplace again. Cristina Banks, PhD, director of the UC Berkeley Center for Healthy WorkPlaces, presented her research on 400 respondents who are Gen Z. Here is a summary of who they are: Born between 1996 and 2010 (oldest just turning 23) they are 64.6 million people or 20% of the U.S. population.

Some of the traits she observed:

    • Tight benching is not what Gen Z’s want – they do want lots of sunlight and portable desks in the workplace
    • Want a sense of place and connection to natural light in this digital world
    • This group will be financially conservative – they watched their parents suffer through 2009. They are also highly motivated to be financially successful.
    • 100% wanted a human receptionist
    • Digital sophistication is valued but not at the expense of face-to-face interactions
    • They think about safety and security a lot (think school shootings)
    • Assigned seating will come back – “We want our own space and the ability to make it our own,” they said
    • Technology is assumed to be great and easy to use
    • Wellness and mobility are emerging, and they want an active work environment. “Bring your authentic self to work,” one said.
    • An egalitarian approach to office – everyone should have the same look and feel

In short, Dr. Banks said this generation “want’s it all,” their own safe, well lighted space but also the ability to be mobile at the same time.

  1. The office as a destination – the  amenity war rages on We have finally reached the point where leadership has to ask “pretty please will you come into the office?” Real estate directors are taking keen notice of the newest available and refreshed product. Developers of new office assets are striving to build or adapt “authentic” buildings that consist of “real” materials like wood and often have a historical connection, in an attempt to market to those end-user leaders. Also, we are at a level of hyper convenience and comfort today, in part to compete with the coworking providers. The amenities go well beyond a fitness center and include robust recreational areas, food and beer, concierge services, pet and child care, and curated gardens to grow fresh fruits and vegetables. In short, there is a competition to see who can make the workplace feel most like home (please keep your shoes on there, mister.)

To sum it all up, there seems to be uncertainty around the corner, but the economy is super-duper just now. Real estate leaders report that their CFOs aren’t so much worried about cutting cost as “making the right investments” for their workforce. Workers are demanding a lot these days, and companies are willing to do what it takes to keep them happy.

Would you pass the almond milk, please?

Campsites and Open House concepts were first discussed in an HBR article entitled “Why Companies Are Creating Their Own Coworking Spaces published 9/24/2018

Bookmarks: 5 Interesting Articles That May Help You This Week

November 5th, 2018

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,

Credit: iStock

management science and anything positive. I welcome your comments on these articles.

“Amazon and its planned 50,000 employees will also strain infrastructure. Home prices in Seattle have risen faster than anywhere in the United States except San Francisco since the Standard & Poor’s CoreLogic Case-

Shiller home price indexes began tracking real estate values 18 years ago. It’s difficult to see how New Jersey could afford to spend lavishly on Amazon when the state a few years ago canceled a multi-billion-dollar overhaul of a critical century-old train link to New York City.

Losers won’t have those worries, and many will get a boost from Amazon anyway.

Cities hoping to host Amazon’s HQ2 might still benefit from the company even if they lose the contest. CreditCreditLindsey Wasson/Reuters

According to the company’s figures, it has invested more than $4 billion and taken on more than 5,000 employees in New Jersey alone between 2011 and 2017, which is roughly half the time span of the promised HQ2 development. Over the same period, Virginia secured $29 billion of investment and over 8,500 jobs from Amazon. Even Tennessee, which is home to the finalist city of Nashville, has received more than $5 billion of investment and 6,500 jobs.” www.nytimes.com

 

Digital Natives Go Physical

ILLUSTRATION: ANDREA CHRONOPOULOS

 

6 Ways You Can Command A Room Without Saying A Word

When you have the floor to speak, you have the opportunity to command the room. You can command the room and lead even when you are not speaking. Follow these six nonverbal acts to establish your executive presence: www.forbes.com

How One Hospital Improved Patient Safety in 10 Minutes a Day

KELLY SILLASTE/GETTY IMAGES

Most modern health care improvements seem to involve expensive technology and an uncomfortable amount of change management. But clinical and nonclinical staff at the Rotterdam Eye Hospital have improved patient care and raised staff morale at a very modest cost: 10 minutes a day and a special deck of cards.

Members of the hospital’s design thinking team were inspired by something they saw when they boarded a KLM Airline flight: During a pre-flight huddle of the cabin crew, team members introduced each other and then asked each other two questions on flight safety.

When they got back to Rotterdam Eye Hospital, the managers asked themselves why couldn’t they add a similar feature to their own “team-start” huddles? After all, in some ways, the situations were similar: A group whose members may not have worked together before must form a close-knit team quickly and execute their duties in a way that meets the organization’s guidelines to the letter.” www.hbr.org

City in a City: The 63,000 People Who Run The World’s Busiest Airport

“The Atlanta airport is one of the reasons UPS moved its corporate headquarters to Atlanta from Greenwich, Connecticut, in 1990,” says Dan McMackin of UPS. “The fact that we can make hundreds of direct international flights was a major contributing factor in our choice of Atlanta as the location of our global headquarters.”

But the airport also offers something simpler and more direct: jobs for more than 63,000 employees, which helps support a thriving middle class in and around the city. “Work at [the airport] makes mortgage payments and college tuition payments possible,” says Andrew Gobeil from the airport’s office of policy and communications.” www.theguardian.com

 

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

Bookmarks: 5 Interesting Articles That May Help You This Week

October 29th, 2018

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.

Credit: iStock

How to Mitigate Rising Construction Materials Costs

“Construction costs are increasing rapidly. Some developers have said that total construction costs are up 30% over last year. A lot is contributing to the rising construction price tag, but a labor shortage and rising materials prices are among the biggest drivers. Now, trade tariffs on steel and lumber are putting more pressure on construction costs. While there is little developers can do to curb these increases, implementing materials management technology is one way to offset it..” www.globest.com

The Amazon Selling Machine

A computer screen showing Amazon's Australia homepageQUINNROONEY / GETTY

“What if there were a company that knew what you wanted to buy before you did? What if it made shopping recommendations that tapped into your deepest desires? Better yet, what if it then made buying completely seamless? Would you ever stop shopping?

Amazon shareholders may like the answers to those questions. The company that revolutionized the way we buy has now gotten serious about selling the ads that tell us what to buy in the first place. It is selling advertising on Amazon.com, encouraging brands to create Alexa “skills” so they can market to people when they’re at home, and putting targeted ads on the main screens of its Amazon Kindles, tablets, and televisions. And it’s attracting money that brands used to spend on Facebook and Google.” www.theatlantic.com 

Jeff Bezos’s Morning Routine Is the Opposite of Most Productivity Advice. Maybe Yours Should Be Too

Jeff Bezos
CREDIT: Getty Images

“Elon Musk seems to get most of his sleep under his desk. Richard Branson recommends getting up at 5 a.m. Apple’s Tim Cook takes being an early riser even further, getting up at the ungodly hour of 3:45 a.m. And once these and other titans of industry are up, they’re usually busy with productivity-boosting activities like exercise, journaling, and meditation, reports time-use expert Laura Vanderkam.

Not Jeff Bezos.

As you can see in the interview below (hat tip to Signal v. Noise), he insists on a full night’s sleep and spends his leisurely mornings … puttering? Yes, that’s right. The world’s richest man skips heroic productivity rituals for breakfast with his kids and a slow morning warm up. He doesn’t get fully up to speed mentally until 10 a.m.’ www.inc.com

What I Learned About Life at My 30th College Reunion

Though we all went to the same school, and Harvard’s name likely opened doors for many of us, at the end of the day—or at the end of 30 years since graduation, in this case—what was so fascinating about meeting up with my own richly diverse class during reunion was that no matter our original background, no matter our current income or skin color or struggles or religion or health or career path or family structure, the common threads running through our lives had less to do with Harvard and more with the pressing issues of being human.

Life does this. To everyone. No matter if or where they go to college. At a certain point midway on the timeline of one’s finite existence, the differences between people that stood out in youth take a backseat to similarities, with that mother of all universal themes—a sudden coming to grips with mortality—being the most salient. Not that this is an exhaustive list, but here are 30 simple shared truths I discovered at my 30th reunion of Harvard’s class of 1988.” www.theatlantic.com

Credit Lars Leetaru

“With fares, tips, and bonuses factored in, I average around $20 an hour and give around 75 rides per week,” said Jon Sycamore, a driver in Salt Lake City who also runs a real estate business. “If you remove tips, it drops to around $15 an hour.” By comparison, Salt Lake City’s living wage is $11.48 an hour for a single adult and $24.12 an hour for a single adult with a child. www.NYTimes.com

 

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

Bookmarks: 5 Interesting Articles That May Help You This Week

October 22nd, 2018

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.

How This Millennial Came To Realize The Value Of Old-School Management

“I’ve worked in some pretty challenging environments in the past, ranging from mind-numbingly boring to outright hostile. Back then, I promised myself that if I ever had my own company, it would be different.

I kept that promise to myself once I started BodeTree, working hard to create a progressive, modern workplace for my team. My goal was to foster an environment where people were free from micromanagement and encouraged to find creative solutions to difficult problems.

The hope was that my Laissez-Faire management style would bring out the best in my team and enable them to thrive. I was arrogant enough to scoff at the ideas of “old-school” managers, content with my morally-superior approach.

My progressive approach ended up causing more problems than I ever expected. Work didn’t get done, conflicts arose between team members, and frustration grew on all sides.

In dealing with these challenges, I came to a startling conclusion: “old-school” management techniques not only work; they’re vital to the success of an organization.

Trust, but verify

One of my favorite quotes comes from President Reagan, in response to dealing with the Soviets. “Trust but verify,” was his mantra. In the past, I’ve been heavy on the trust, but far too light on the “verify” aspect of that equation. www.forbes.com

What Is the Future of Getting Kids to Soccer Practice?

“Each company in the industry tends to pursue a similar group of people: well-off families with two time-starved working parents and multiple overbooked children. “Kids can make it on time to the very best rowing practice, math tutoring, and fencing class,” says Kate Soskil, the marketing manager of the Massachusetts-based Sheprd, as she described the company’s target customers, “and Mom/Dad can stay late at the office for that important meeting that’s running over.” Juliette Kayyem, the CEO of Zemcar, told me that “divorced dads are actually a big customer base for us.”

If only children were allowed to drive, they could get from home to school to piano lessons and back home again without their parents’ help. Alas, they are not.

These companies are effectively trying to replace carpools and school buses, and the majority of them were launched in the past two to five years. Arun Sundararajan, a professor at NYU’s Stern School of Business and the author of The Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism, says he attributes the boomlet to the rapid rise of Uber and Lyft during that time: Those two companies proved the viability of on-demand rides, but since their terms of service prohibited minors from riding unaccompanied, there was room for kid-specific firms to claim some of the market. In carving out this niche, these companies have been decidedly less cutthroat in their business practices, and because so many of them seek drivers with professional caregiving experience, many of those drivers are women.” www.theatlantic.com 

“..it makes sense to tip your driver because they are providing a personal service which involves safety and comfort, and our cultural norm is to tip those who provide this kind of service. She pointed out that this norm will vary in overseas markets. “In Europe the tipping expectations would be lower, and many passengers would simply ’round up’ the bill. And don’t even think about tipping any driver in Japan — that would be considered rude,” she said.

Both Uber and Lyft limit their tip amount to 200 percent. So you wouldn’t be able to leave a $15 tip for your $5 Uber ride if you were feeling extra generous — at least not on the app. The companies put a ceiling on this to keep passengers from accidentally adding an extra zero and overtipping.

Whether you give your driver cash or just tip through the app, they receive 100 percent of the tip; Uber, Lyft, Gett and Via don’t take a cut. Generally, drivers are just happy to get a tip, Mr. Helling said, and many don’t have a preference for cash versus tipping directly in the app. Still, if you have the cash on hand, it can’t hurt to ask.” www.nytimes.com

How To Invest Your $1.6 Billion Mega Millions Winnings

“You still couldn’t buy an NFL team or an NBA franchise. Those are reserved for the multi-billionaires, not somebody who has a mere $687 million. Nonetheless, you could still afford most of life’s extravagances. Once you have shared the wealth with family members and your favorite charities, you would eventually have to get down to the business of investing your windfall. Don’t worry; there would be plenty advisors knocking at your door with all sorts of ideas. Help is only a 1% fee away, after all. But if you are more of DIY investor (which most likely would change with $687 million to your name), here are a few suggestions to get you started.” www.forbes.com

This is the Easiest Way to Make Your LinkedIn Profile Stand Out

“There’s a simple solution to this–customize your headline. Instead of meekly recording your title and company, try following the tried-and-true strategy of describing what you do and who you help. This is your elevator pitch in 120 characters.” www.fastcompany.com

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

Bookmarks: 5 Interesting Articles That May Help You This Week

October 15th, 2018

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.

Credit: iStock

Three Behaviors That Can Help You Mature From Boss To Leader

Become a leader.PHOTO BY ROB WALSH ON UNSPLASH

“One of the most embarrassing mistakes I made early on at BodeTree was believing that the title of CEO automatically made me a leader.  It didn’t

I had power, but had yet to earn my authority. Thought I fancied myself a leader, I was just a boss. It took years of mistakes, struggles, and hard realizations for that to change.

You see, anyone can be a boss, but relatively few have the drive, patience, or stamina to become a true leader. Leadership does not require a title, and titles do not make leaders. There is no such thing as a born leader. There are, however, people who possess the self-awareness necessary to mature into one.” www.forbes.com

I Took A Rare Look Inside One of Amazon’s Giant Warehouses – Here’s What I Saw

“The looming, beige facility feels removed from the shiny, glamorous headquarters that Amazon is still building in the center of the city to house its corporate employees. Large open fields stretch in one direction, and suburban houses are in the other. In the distance, you can catch a glimpse of Mount Rainier.

The setting is almost picturesque — until you remember that before you is an Amazon fulfillment center that spans nearly 1 million square feet. Inside, Amazon workers spend 10 hours a day, four days a week, ensuring your order gets to you on time.” www.businessinsider.com 

9 Phrases Smart People Never Use In Conversation

Shutterstock

We’ve all said things that people interpreted much differently than we thought they would. These seemingly benign comments lead to the awful feeling that only comes when you’ve planted your foot firmly into your mouth.

Verbal slip-ups often occur because we say things without knowledge of the subtle implications they carry. Understanding these implications requires social awareness—the ability to pick up on the emotions and experiences of other people.

TalentSmart has tested the emotional intelligence (EQ) of more than a million people and discovered that social awareness is a skill in which many of us are lacking.

We lack social awareness because we’re so focused on what we’re going to say next—and how what other people are saying affects us—that we completely lose sight of other people.” www.forbes.com

Sears Exit Would Leave Big Holes in Malls. Some Landlords Welcome That. [WSJ Paywall]

“The rent Sears pays in some malls is as low as $4 a square foot. New tenants in the same space could bring in as much as six times that amount.” www.forbes.com

The Boring Path to Greatness

“In our work, we must endure the unglamorous. We must put in the time. We must attend the meetings we really don’t feel like attending. We must do the market research. We must take the red-eye. And we must do it over and over again.

There is a certain boredom to it. And everyone struggles with it. But the wonderful paradox is this: greatness emerges from boredom. It comes from doing the boring, tedious things required of us, day in and day out.

Perseverance is not a new concept. But it’s one that I need to keep priming myself on. I need to remind myself that my true potential will be reached only through overcoming obstacles, and continuing on the path.” www.linkedin.com

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

Bookmarks: 5 Interesting Articles That May Help You This Week

October 8th, 2018

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.

Credit: iStock

How Winning Organizations Last 100 Years

“The average lifespan of a U.S. S&P 500 company has fallen by 80% in the last 80 years (from 67 to 15 years), and 76% of UK FTSE 100 companies have disappeared in the last 30 years. In stark contrast, organizations in other sectors celebrate their 100th birthday and look like they’ll be here forever. How do they do it? And what can business learn from them?” www.hbr.org

“The unemployment rate fell to a nearly five-decade low in September, punctuating a remarkable rebound in the 10 years since the collapse of Lehman Brothers set off a global financial crisis.

By almost any measure, the American economy is humming. Gross domestic product is on pace for its best year since the housing bubble of the mid-2000s. Consumers and businesses are the most confident they have been in years, if not decades. Stock market indexes are near record highs.” www.nytimes.com

Research: Career Hot Streaks Can Happen at Any Age

“What do our findings mean for professionals and the ecosystems they inhabit? In the scientific community, for example, projected impact is critical for hiring, advancement, grant-making, and other decisions. But the same is true of most domains, including business. Our research suggests that decision-makers should consider incorporating the notion of hot streaks into their calculus, if polices are to identify and nurture individuals more likely to have lasting impact.” www.hbr.org 

PropTech: What the Fuss Is All About

PropTech is a collective term used to define startups offering technologically innovative products or new business models for the real estate markets. The real estate industry will without a doubt be the next sector to experience a tsunami sized technological overhaul. Hell, it’s already begun.” www.thelawyerspost.com

Important Commercial Real Estate Terms You Should Know

“Commercial real estate is far more complex than residential real estate. The contracts are longer, often the price tags are higher, and included in the process are many complex terms that an ordinary person does not understand. Make sure before entering into a commercial real estate deal you are aware of these terms.” www.forbes.com

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

 

Bookmarks: 5 Interesting Articles That May Help You This Week

October 1st, 2018

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.

Credit: iStock

Why Companies Are Creating Their Own Coworking Spaces

“It’s typically assumed these companies are seeking a jolt of hipness. But our research and reporting show this isn’t the case. We’ve separately toured and interviewed principals in more than a dozen corporate coworking spaces in the U.S., South America, and Europe over the last three years. We’ve found that these companies and their employees are searching for the same qualities freelancers and entrepreneurs report from their experiences in shared workspaces — learning skills faster, making more connections, and feeling inspired and in control.” www.hbr.org

The Economics Of The Office: Why Do We Still Commute?

“Part of the story, Glaeser says, is that “Macrae didn’t foresee the rise of the consumer city, the fact that millions of people would actually want to locate in London or New York—not just because there are jobs there—but because it was fun.” The other part of the story is that, far from killing the urban office, computers invigorated it with new forms of work that made it even more profitable.” www.psmag.com

The Next Industrial Revolution: How A Tech Unicorn’s 3-D Metal Printers Could Remake Manufacturing

“The way we make things is about to fundamentally change,” says Desktop Metal’s Ric Fulop.

“The way we make things is about to fundamentally change,” says Desktop Metal’s Ric Fulop. MICHAEL PRINCE

“Only a few years ago, proponents envisioned a world in which hobbyists would buy little 3-D printers for their homes. That never really panned out. The $3,000 machines spit out cheap-looking, clunky plastic objects that no one wanted or needed. Instead, it’s now clear that the real value of 3-D printing isn’t in making keychains and other doodads, but in the $12.8 trillion global manufacturing industry. Putting 3-D printers on the assembly line will usher in a new era in which smaller factories, located closer to consumers and tied together by software, can print parts on demand with no minimum order size. Better yet, it’s possible to design parts that are lighter, cheaper and more efficient than what could have been fabricated in the past.” www.forbes.com

How To Build A Floating Bridge in 12 Minutes 

“In ideal conditions, a trained crew can build a 100-foot bridge (that’s with two ramp bays and three interior bays) in about 12 minutes. “Ideal” here means calm water that’s at least 2 feet deep, with a shallow bank and plenty of room to maneuver. But war zones and natural disaster areas are not what you’d call ideal conditions, so the 132nd Multirole Bridge Company trains for as many situations as possible. Not that they can prepare for everything.” www.wired.com

An Oral History of Apple’s Infinite Loop

Last month, Apple became the first company valued at a trillion dollars. With its new ring-shaped campus, all glass and curvy lines, it looks the part of a company bestriding an industry. But its dominance wasn’t always assured.
Twenty-five years ago, the computer revolution’s marquee company was in decline. Back then, it was just settling into shiny new headquarters, a campus of six buildings that formed a different kind of ring. Called Infinite Loop, the name is a reference to a well-known programming error—code that gets stuck in an endless repetition—though no one seems to know who applied it. Infinite Loop was the place where Apple’s leaders and engineers pulled off a historic turnaround, and it will always be the source of stories and legends—many of them untold. Until now.” www.wired.com

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

 

Bookmarks: 5 Interesting Articles That May Help You This Week

September 17th, 2018

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.

Credit: iStock

How to Protect Your Cellphone (and Your Data) When You Travel

“Many travelers consider their cellphones essential when they’re on the road and rely on it for taking pictures and texting to using it to find their way around.

So what do you do if your phone gets lost, stolen or breaks when you’re abroad? How can you prevent it from happening in the first place? Brandon Bogle, a cellphone expert for Asurion, a company that provides insurance for consumer electronics, has plenty of advice on the subject and shares his tips below.” www.nytimes.com

I Made One Simple Financial Change and It Lowered My Spending: After reporting on personal finance, I used behavioral economics on myself

“A few years ago, when I was reporting a story on personal finance, I became fascinated by a concept that behavioral economists call the “pain of paying.” The phrase refers to the psychological discomfort experienced when parting with one’s money, and it varies by medium: At one extreme would be painstakingly counting out each penny at the register (a high pain of paying, because of how tactile the transaction is), and near the other would be credit cards (which, by postponing payment and offering rewards programs, ease the agony of depleting funds).” www.theatlantic.com

The New Rolodex: Your Web Of Support Is Critical To Success

“Regardless of what you call this support system – your Rolodex, personal board of directors, your network – quality mentoring relationships have powerful, positive effects on young people across personal, academic, and professional situations. According to MENTOR: The National Mentoring Partnership, mentoring can create important personal growth and development, as well as social and economic opportunity.” www.forbes.com

The Open Office Concept: Science Still Can’t Decide If It’s Good For Us

“The open office concept, it seems, is still open to debate.

A study published in the journal Occupational & Environmental Medicine this month found that workers in open offices are less stressed and more active than cubicle workers, perhaps because they move around more to interact with colleagues.

At the same time, past research, like that published by Harvard researchers in July, has found that people who work in open offices are less likely than cubicle dwellers to collaborate or interact with their colleagues.

Though the studies didn’t examine the exact same factors, their outcomes seem to send mixed messages, proving—if nothing else—that science has yet to give us a clear-cut verdict on open office plans.” www.fortune.com

After 17 Years, Memories Of 9/11 Still Fresh For Atlanta’s CRE Industry

Pleased to be included in this article: “At the same time, Cushman & Wakefield Executive Director Ken Ashley was working at One Atlantic Center, one of Atlanta’s tallest skyscrapers. Ashley said he heard murmurs of a plane hitting the Twin Towers on the way up the elevator, but the details were unclear and confusing. When he got to his office, he immediately fired up his web browser to CNN.com. “And it wouldn’t load,” Ashley said. “That’s when I began to realize that there was something bigger than just your average everyday problem.”

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

Bookmarks: 5 Interesting Articles That May Help You This Week

September 9th, 2018

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.

Credit: iStock

Habits Of Mentally Strong People, And How They Can Help You Succeed

“The first productive thing that mentally tough people do is wake up in the morning and get out of bed. They go to bed and wake up early so that they are clearheaded to accomplish the jobs at hand. They don’t hit the snooze button 10 times because they have been out late at night partying. Nor do they hide under the covers ruminating about past failures, things that have gone wrong in their lives or obsessively mull over past slights and humiliations. They summon up the strength to block out any negativity and get out of bed at an early hour.  Mentally strong people already have a game plan prepared for what they will do that day. They already know the tasks at hand and get started right away. It doesn’t necessarily mean that they are happy about everything they need to do, but they attack it anyway.

Mentally strong people face the day unafraid of failure. They understand that failing is part of the process. It is a learning experience for them. They take notes and learn lessons of what not to do in the future. Even if they fail, usually they will have learned some new skills to use in future plans. These folks will brush themselves off, get up and start all over again. Of course, they are not giddy with enjoyment that things didn’t turn out the way they wanted, but it doesn’t ruin them emotionally.” www.forbes.com

The Open Office Concept: Science Still Can’t Decide If It’s Good For US

“The open office concept, it seems, is still open to debate.

A study published in the journal Occupational & Environmental Medicine this month found that workers in open offices are less stressed and more active than cubicle workers, perhaps because they move around more to interact with colleagues.

At the same time, past research, like that published by Harvard researchers in July, has found that people who work in open offices are less likely than cubicle dwellers to collaborate or interact with their colleagues.

Though the studies didn’t examine the exact same factors, their outcomes seem to send mixed messages, proving—if nothing else—that science has yet to give us a clear-cut verdict on open office…” www.fortune.com

The #1 Office Perk? Natural Light

“…a new survey by my HR advisory firm Future Workplace called “The Employee Experience” reveals the reality is that employees crave something far more fundamental and essential to human needs. In a research poll of 1,614 North American employees, we found that access to natural light and views of the outdoors are the number one attribute of the workplace environment, outranking stalwarts like onsite cafeterias, fitness centers, and premium perks including on-site childcare (only 4-8% of FORTUNE 100 companies offer on-site child care).

The study also found that the absence of natural light and outdoor views hurts the employee experience. Over a third of employees feel that they don’t get enough natural light in their workspace. 47% of employees admit they feel tired or very tired from the absence of natural light or a window at their office, and 43% report feeling gloomy because of the lack of light.” www.hbr.org

[WSJ paywall] Walmart Tries Out Own Home-Delivery Service

“Walmart Inc. is testing its own network of independent delivery drivers as it aims to offer home grocery delivery to 100 metro areas by the end of the year. The retail giant said Wednesday it will begin using Spark Delivery, a crowd-sources delivery drivers network named after Walmart’s yellow star logo, to accomplish its grocery delivery goals.” www.wsj.com

Facebook Is Bingeing on Bay Area Real Estate

“Since Facebook Inc. arrived in Menlo Park, California, seven years ago, the town has been overrun by construction cranes, orange safety cones and truckloads of building materials to transform a former industrial area into a sprawling campus that can support a $500 billion tech giant.

So big are the ambitions that the company plans to redevelop whole swaths of the land it holds in the Silicon Valley city, potentially doubling its workforce there over the next decade to 35,000 people—more than Menlo Park’s current population.

Even that won’t be enough for its expansion plans.

“We continue to grow,” John Tenanes, the company’s head of facilities, said in a conference room overlooking a salt marsh in Facebook’s newest Menlo Park office, a Frank Gehry-designed building called MPK 21 that opened last week. “We’re at a point where we needed more space, and this area couldn’t keep up.” www.bloomberg.com

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

Bookmarks: 5 Interesting Articles That May Help You This Week

September 4th, 2018

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.

Credit: iStock

WeShip? | UPS Launches On-Demand Warehouse and Fulfillment Platform

As online shoppers become more insistent on fast, free shipping, the pressure is on shippers to store and fulfill orders closer to their ultimate destination. At the same time, available warehouse space has been dropping steadily for years. And for smaller shippers, multiple warehouse contracts, if they can be found, can be too much to afford and manage.

Furthermore, even medium to large companies with seasonal spikes in business often struggle to find seasonal space or own space that is underused most of the year.

New sharing-economy services seek to solve this problem by matching warehouses and merchants based on the products, order volume, space requirements and delivery needs.  www.supplychaindive.com

The 14 Most Active VC Investors in US Real Estate Tech

“The US real estate market is booming—and so is the real estate tech industry.

In 2008, businesses in the real estate tech space in the US brought in a total of $41 million across just seven deals, according to the PitchBook Platform. Contrast those numbers with what’s happening a decade later: So far in 2018, companies in the category have raised a total of $1.3 billion across 73 deals—and there are still four months left in the year.” www.pitchbook.com

8 Ways Generation Z Will Differ From Millennials In The Workplace

Generation Z is composed of those born between 1995 and 2010, which means that the oldest are about 22 and are just entering the workforce. The media has focused a lot on millennials in recent years, but it’s time to turn some of the attention to the millennials’ future co-workers. Gen Zers have a lot in common with millennials, but there are also many ways in which the two generations differ.” www.forbes.com

Solopreneurs Swear By These Tech Tools To Streamline And Get More Done

One of the keys to success is to surround yourself with people whose strengths are your weaknesses. You don’t have to be great at everything to be a successful entrepreneur, you simply have to recognize the things that aren’t your strengths and then find people who possess those skills and work with them to achieve your goals.

This is why freelancers are a great asset to any business. Without the budgets to hire a team in-house it can be tough to achieve the goals you have set for your business. But apps like Upwork allow you to tap into a whole world of skilled freelancers who are ready to work for you.” www.forbes.com

San Francisco is Bringing Back Banned Electric Scooters – With Limits

“The scooters are back in town.

Three months after ejecting the networks of shared, sidewalk-cluttering vehicles from the city, officials with the San Francisco Municipal Transportation Agency announced today the two winners of its e-scooter pilot sweepstakes: Scoot and Skip.

The city chose the companies from a crowded field of 12, which submitted a collective 800 pages in proposals on their operations, safety, and plans to extend the scooter bounty to San Francisco’s neighborhoods. Skip and Scoot now have the right to operate at least 625 scooters each in the city—a number that could eventually double. Scooter lovers, mark your calendars: The agency says it will finalize the companies’ permits by October 15 at the latest. They’ll be good for a year.” www.wired.com

 

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