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.
“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
“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
“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
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!