June 25th, 2017
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!
A New Life for Dead Malls
“In case you haven’t heard, suburban malls are on the way out (sorry Paul Blart). Some have become abandoned wastelands. Others have been torn down and turned into industrial sites.
According to Ellen Dunham-Jones, an architect and professor at Georgia Tech, there are about 1,200 enclosed malls in the United States, and about one-third of them are dead or dying. That’s because developers rapidly overbuilt malls in the 20th century, she said: The U.S. has twice as much square footage in shopping centers per capita than the rest of the world, and six times as much as countries in Europe.
“The malls died for a reason,” she told me. “We were way over-retailed.”
But there is good news: In many areas of the country developers are finding new uses for dead malls….“ www.theatlantic.com
Amazon, Whole Foods, and the Future of the (Old) New Economy
“I heard the news today, oh boy — Amazon is buying Whole Foods Market in a deal worth nearly $14 billion. The combination of these iconic companies, both of which have come of age in the last two decades, raises obvious questions. Does the transaction reflect how hard it’s been for Whole Foods to keep Wall Street satisfied with its growth and profits? (It does.) Does the deal underscore just how expansive a vision Jeff Bezos has for Amazon, his dream of it becoming the “everything store”? (No doubt.)
To me, though, the much more profound question, both substantively and symbolically, is what the deal says about the future of an approach to business, branding, and organizational culture that Whole Foods and Amazon have come to represent.” www.hbr.org
Disregard Your Financials, Cash Is All That Matters
“The only thing that matters when determining the success of your business is cash, cash, cash, more cash, and when you think you’ve got enough, more cash. I challenge you to shut down your line of credit, and don’t use it for 90 days. See how well you do. If you are cash-stressed, then it really boils down to bad management, no real profits and nothing else.” www.forbes.com
Seriously, it’s the WORST!
But the good news is that there are a few easy tips and tricks to prevent that stressful alert from constantly ruining your day.” www.clark.com
Robocalls Flooding Your Cellphone? Here’s How to Stop Them
“In a Robocall Strike Force Report in October, the Federal Communications Commission said telemarketing calls were the No. 1 consumer complaint.
Citing statistics from YouMail, a developer of robocall-blocking software, the commission said consumers received an estimated 2.4 billion robocalls per month last year, driven in part by internet-powered phone systems that have made it cheap and easy to make them from anywhere in the world.
“If the robocalls were not valuable to the scammers, they wouldn’t be doing them,” Mr. Kalember said.
Here’s how you can fight them:” www.nytimes.com
Your success blesses others. I wish you a great a hugely impactful week!