Bookmarks: 5 Interesting Articles That May Help You This Week

May 21st, 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 and the submissions of others (with credit to you if I post them). I wish you a terrific week! 

Credit: iStock

The End Of Parking Lots As We Know Them: Designing For A Driverless Future
“Over time, vehicles in autonomous ride-service fleets are expected to be electric, and as their numbers grow, the need for gasoline stations in city centers will drop. When that happens, it opens up a big source of real estate for redevelopment, as does the potential to create new uses for land dedicated to street-level parking.

“Think about all the real estate frontage of all our streets, if we take that back for people space, for green space, for amenity space, restaurants or cafes, right there on our city streets,” Cohen said. “This is our big opportunity as architects, designers and urban planners to take our city streets back.”  www.forbes.com

 

How the World’s Biggest Companies Are Fine-Tuning the Robot Revolution
“The big question surrounding automation has long been whether robots would compete with workers or help them. Initially, workers feared robots would destroy jobs across the economy. Scholarly research and real-life experience have eased that concern, although some types of workers and industries are ending up on the losing side.

Today, the question is more precise: In which industries does automation help both employer and employee?” www.wsj.com

How Retail Stores Can Thrive in the Age of Amazon
“In other words, with the old models for retail broken, or at least a good deal less sturdy, and rents finally in decline, risks are being taken. That willingness to experiment means that certain seemingly threatened — but perhaps more resilient than imagined — retailers such as bookstores are returning in new forms. Shakespeare & Co. is opening four stores, but they’re much smaller than the old ones, only 2,000-to-3,000 square feet, because new technology allows books to be printed and bound while you wait, minimizing the need for shelf space” www.thecut.com

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

Bookmarks: 5 Interesting Articles That May Help You This Week

May 14th, 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 and the submissions of others (with credit to you if I post them). I wish you a terrific week! 

Credit: iStock

Why Automation In Real Estate Is A Blessing, Not A Curse
“As technology becomes an increasingly ubiquitous feature of real estate — and of modern life — most opposition to CRE tech has begun to dissipate. Just as Netflix’s value to consumers has eclipsed that of Blockbuster video stores and mobile GPS applications are superior to paper maps, the true benefits of technology are becoming abundantly clear to the real estate industry.

One of the few lingering concerns is that increased adoption of technology will result in job losses. But at its core, automation is about helping industry professionals perform their jobs better and should be embraced, not feared.”  www.forbes.com

Atlanta Office Is So Red-Hot, CRE ‘Is Pinching Itself To See If This Market Is Real’
“Atlanta’s real estate industry is pinching itself to see if this market is real,” Cushman & Wakefield Executive Director Ken Ashley said in an email. “Velocity in Atlanta’s office market is at a torrid pace. There is robust demand for space by companies of all sizes and from a variety of industries. Expansions are as common as millennials noshing on avocado toast.” www.bisnow.com

Ford: Tech Culture Can Rise From Ruins
“One way to compete is with stick and bricks” said Ken Ashley, executive director at Cushman & Wakefield, a real estate services firm. “younger workers are interested in creating impact. It feels good to work in a space that is historically significant.” www.autonews.com

Atlanta Office Is So Red-Hot, CRE ‘Is Pinching Itself To See If This Market Is Real’
“We are very pleased with this opportunity to provide a workplace environment that will enhance the effectiveness of our organization,” said Fred Burke, CEO of Guardian Pharmacy Services. “We are most appreciative of the excellent work done by Sam Hollis and Ken Ashley of the Cushman & Wakefield brokerage team in helping us locate here. We are impressed with the level of quality offered by the building owner, KBS Realty Advisors, and the expertise of the Cushman & Wakefield team managing the building. Our team looks forward to enjoying this office environment for many years to come.” www.bisnow.com

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

Bookmarks: 5 Interesting Articles That May Help You This Week

May 7th, 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 and the submissions of others (with credit to you if I post them). I wish you a terrific week! 

Credit: iStock

How Much Should You Charge for a Speech?
“First, it’s always worth inquiring about their budget. If you don’t ask, conference organizers are delighted to never bring up money at all and assume you’ll speak for free. Raising the issue forces them to admit it would be pro bono, or allows you to start a conversation about fees. For instance, you can email them: “Thanks for getting in touch about your conference. It sounds really interesting. Can you provide some additional information about the topic you’d be interested in having me address, who the attendees will be, and your speaker budget?”.”  www.hbr.

Atlanta’s Cheap Office Stock, Talent Pool Have Made It A ‘Goldilocks’ For Back Offices
“Atlanta offers a not-too-hot, not-too-cold situation,” Ashley said. “It’s the Goldilocks of real estate.” New York City certainly has a vast pool of potential employee talent, but real estate costs make acquiring those heads expensive. At the same time, a place like Oklahoma City may have much lower-priced office space, but the reservoir of talent is not as deep, Ashley said. “It’s always easier to cut costs to help with profits than it is to sell more gear or services,” he said. “So back offices are relatively low-hanging fruit.”
www.bisnow.com

What to Do If Calls, Texts, and Coworker Drop-bys Are Stressing You Out
“As a time management coach, I’ve found that these reactions happen because one of the main keys to managing your own time is managing expectations with others. In a society where people have the ability to communicate instantly, a quick response can become an expectation. But it’s an expectation that we can’t always meet, especially when we’re trying to get work done. This gap between expectations and what we can actually do can lead to a lot of guilt, especially when it comes to the people closest to us. When left unaddressed, this guilt can manifest in a fight-or-flight response — we snap at people who interrupt or simply ignore attempts at connection..” www.hbr.org

Atlanta Office Is So Red-Hot, CRE ‘Is Pinching Itself To See If This Market Is Real’
Pleased to be quoted in the piece: ““Atlanta’s real estate industry is pinching itself to see if this market is real,” Cushman & Wakefield Executive Director Ken Ashley said in an email. “Velocity in Atlanta’s office market is at a torrid pace. There is robust demand for space by companies of all sizes and from a variety of industries. Expansions are as common as millennials noshing on avocado toast.” www.bisnow.com

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

Bookmarks: 5 Interesting Articles That May Help You This Week

April 30th, 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 and the submissions of others (with credit to you if I post them). I wish you a terrific week! 

Credit: iStock

How Humble Leadership Really Works
“Leaders often do not see the true value of their charges, especially “lower-level” workers. But when leaders are humble, show respect, and ask how they can serve employees as they improve the organization, the outcomes can be outstanding. And perhaps even more important than better company results, servant leaders get to act like better human beings.”  www.hbr.org

Loft Office: The Hidden Cost
Our projections suggest that tenants of these loft office conversions can expect an increase in occupancy costs of anywhere from $2-$4/sf based solely on an increased tax pass through from the landlord.  That is roughly a 10% percent increase and it is possible that loft office conversions located in up and coming areas (like those near the Beltline) will see multiple tax reassessments during the term of a tenant’s lease.” www.evolutioncre.com

Workplace Advice I Wish I Had Known
“Remember the power of tact.” www.hbr.org

Atlanta Office Is So Red-Hot, CRE ‘Is Pinching Itself To See If This Market Is Real’
Pleased to be quoted in the piece: ““Atlanta’s real estate industry is pinching itself to see if this market is real,” Cushman & Wakefield Executive Director Ken Ashley said in an email. “Velocity in Atlanta’s office market is at a torrid pace. There is robust demand for space by companies of all sizes and from a variety of industries. Expansions are as common as millennials noshing on avocado toast.” www.bisnow.com

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

Bookmarks: 5 Interesting Articles That May Help You This Week

April 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 and the submissions of others (with credit to you if I post them). I wish you a terrific week! 

Credit: iStock

Having Your Smartphone Nearby Takes a Toll on Your Thinking
“The results were striking: individuals who completed these tasks while their phones were in another room performed the best, followed by those who left their phones in their pockets. In last place were those whose phones were on their desks. We saw similar results when participants’ phones were turned off: people performed worst when their phones were nearby, and best when they were away in a separate room. Thus, merely having their smartphones out on the desk led to a small but statistically significant impairment of individuals’ cognitive capacity — on par with effects of lacking sleep.”  www.hbr.org

Life After Amazon: Why Whole Foods Will Not Become a ‘Conventional Grocery Store’
“…
Whole Foods remains a bridge to mass retailers. The chain’s product criteria are so rigorous that buyers from other companies view acceptance there as a badge of quality. The pack also looks to Whole Foods for merchandising trends. “In the eight months since we launched, I have sat in maybe 10 natural-channel chain meetings,” says Hirshberg. “And they have all asked what Whole Foods is doing with us.” www.inc.com

What to Do If Calls, Texts, and Coworker Drop-bys Are Stressing You Out
“As a time management coach, I’ve found that these reactions happen because one of the main keys to managing your own time is managing expectations with others. In a society where people have the ability to communicate instantly, a quick response can become an expectation. But it’s an expectation that we can’t always meet, especially when we’re trying to get work done. This gap between expectations and what we can actually do can lead to a lot of guilt, especially when it comes to the people closest to us. When left unaddressed, this guilt can manifest in a fight-or-flight response — we snap at people who interrupt or simply ignore attempts at connection..” www.hbr.org

Atlanta Office Is So Red-Hot, CRE ‘Is Pinching Itself To See If This Market Is Real’
Pleased to be quoted in the piece: ““Atlanta’s real estate industry is pinching itself to see if this market is real,” Cushman & Wakefield Executive Director Ken Ashley said in an email. “Velocity in Atlanta’s office market is at a torrid pace. There is robust demand for space by companies of all sizes and from a variety of industries. Expansions are as common as millennials noshing on avocado toast.” www.bisnow.com

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

Bookmarks: 5 Interesting Articles That May Help You This Week

March 12th, 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 and the submissions of others (with credit to you if I post them). I wish you a terrific week! 

Credit: iStock

These are the top 2 contenders for Amazon’s HQ2, according to economists and housing experts
“Most said Northern Virginia and Atlanta are highly likely, while Los Angeles, the New York City area, and Miami are considered long shots.

Atlanta has ample space for Amazon to grow, a business-friendly regulatory climate, and very low housing costs — which could all be big selling points for the company. Northern Virginia is close to policymakers in DC and has an emerging tech industry.”  www.businessinsider.com

Ambitious Warehouse Project will Seek Twice The Usual Rent
Tractor trailers will haul loads to second floor of 3-story, $90M structure near JFK
“Real estate developer Triangle Equities has purchased a large parking lot near John F. Kennedy International Airport and plans to erect one of the city’s first multistory warehouse buildings there.

The company, along with an undisclosed pension-fund partner and investment firm Township Capital, paid $25.4 million for the roughly 3-acre site at 130-24 S. Conduit Ave. The group will spend roughly $90 million more raising a 300,000-square-foot, 3-story warehouse on the parcel.” www.crainsnewyork.com

What to Do If Calls, Texts, and Coworker Drop-bys Are Stressing You Out
“As a time management coach, I’ve found that these reactions happen because one of the main keys to managing your own time is managing expectations with others. In a society where people have the ability to communicate instantly, a quick response can become an expectation. But it’s an expectation that we can’t always meet, especially when we’re trying to get work done. This gap between expectations and what we can actually do can lead to a lot of guilt, especially when it comes to the people closest to us. When left unaddressed, this guilt can manifest in a fight-or-flight response — we snap at people who interrupt or simply ignore attempts at connection..” www.hbr.org

The Vast Difference Between Managing and Leading
“Authentic Leaders understand the difference between what gets managed and who gets led. Authentic Servant Leaders understand better than anyone that people who are led commit to the leader and their vision. They understand that people who are led will outperform people who are managed every single day.” www.stevekeating.me

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

Bookmarks: 5 Interesting Articles That May Help You This Week

March 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, 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! 

Credit: iStock

The Case For Minimalism
“As Will Rogers once said, I had become busy “spending money I hadn’t earned, to buy things I didn’t want, just to impress people I didn’t like.”” www.forbes.com

10 Principles for Leading Through Change: A Navy SEAL’s Approach
“When I reflect on my many mistakes as an entrepreneur and business leader, I find solace in leaning into the core principles that forge SEAL culture: We are not perfect but we are lifelong learners. We crave peer-to-peer feedback. We are forced to move at the speed these wars require yet must remain vigilant in being guided by the very values we fight to uphold.

And one of the fundamental foundations of our fight club’s culture is adaptability. We embrace the rigors of change and use it to our advantage. Our post-9/11 reality demands it. Our nation expects us to be physically harder and mentally tougher than our enemies. That is our burden of command and what drives our every deed. Resilience is the bedrock of our success both on and off the battlefield.” www.Forbes.com

5 Ways to Get Over Your Fear of Public Speaking
“If you find that fear inevitably gets in the way of your ability to speak in public, we have some good news for you. You don’t have to overcome your fear in order to be a good public speaker. It never goes away entirely. Instead, it’s about having less fear — think of it as being fear-less.” www.hbr.org

The Future of Amazon in the Age of Amazon
“But here’s the thing about the Mall of America: It’s fighting back. “I hear all this doom and gloom in the industry,” says the mall’s SVP of business development, Jill Renslow, with an upbeat, Midwestern delivery. “I’m like, ‘Folks! Keep your chin up! There’s so much opportunity!’ ” The mall completed a $325 million expansion in 2015, says Renslow, who started working there as an intern in the mid-1990s and has seen it endure recessions and upheaval before. A new 342-room JW Marriott has opened upstairs, and retailers like Zara and Anthropologie are being lured to the space. The mall is experimenting with new leasing models to attract pop-ups and younger players like Untuckit and Toms Shoes. Renslow, who is eager for people coming to Minneapolis for the 2018 Super Bowl this February to visit the mall and be surprised, doesn’t view Amazon as a competitor but as a partner; she recently worked with Amazon to install a set of pickup lockers at the mall. She believes retailers in general can “bring online shoppers to brick-and-mortar.” I ask her directly: Is physical retail dying? “Not at all!” she says.” www.fastcompany.com

Scenes From D-Day, Then and Now
“Tomorrow, June 6, 2014, will be the 70th anniversary of the D-Day Allied invasion of Europe in World War II. Seven decades ago, the largest amphibious invasion in history took place, changing the course of the war. Nearly 200,000 Allied troops boarded 7,000 ships and more than 3,000 aircraft and headed toward Normandy. Some 156,000 troops landed on the French beaches, 24,000 by air and the rest by sea, where they met stiff resistance from well-defended German positions across 50 miles of French coastline. Two photographers recently traveled to France, seeking to rephotograph images captured back then. Getty photographer Peter Macdiarmid and Reuters photographer Chris Helgren gathered archive pictures from the 1944 invasion, tracked down the locations, and photographed them as they appear today. Starting with photo number two, all the images are interactive — click on them to see a transition from ‘then’ to ‘now’, and see the difference 70 years can make.” www.theatlantic.com

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

Ken

 

Bookmarks: 5 Interesting Articles That May Help You This Week

February 26th, 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 and the submissions of others (with credit to you if I post them). I wish you a terrific week! 

Credit: iStock

The Beginner’s Guide To CRE Tech: Why Commercial Brokerages Are Aggressively Launching New Tech Services
“…Cushman & Wakefield’s (announced a) partnership with real estate startup accelerator MetaProp NYC, announced in July. These accelerators, also known as seed accelerators, are mentorship programs that provide educational elements for tech startups for a fixed period of time.” www.bisnow.com

Autonomous Cars Are About To Transform The Suburbs
“We may well be on the verge of evolving a new kind of highly sustainable, near–zero carbon form, one linked by technology, and economically (and increasingly culturally) self-sufficient. Autonomous cars will remotely park in solar-charged sheds off-site, to be called to the home through handheld devices, thus eliminating the need for garages and driveways. With safer vehicles that can see and react to situations better, roadways will be designed with much less paving to mitigate stormwater runoff and flooding. Homes will have drone delivery ports built in, greatly reducing the number of daily household trips and congestion.” www.Forbes.com

Suburbs Heat Up as Downtown Rents Cool
“Once viewed as a symbol of 1970s and ’80s urban flight, the outlying areas around America’s cities have suddenly become cool again. With more and cheaper land on which to develop from the ground up; plenty of 1990s apartment product that’s ripe for rehab; and lots of 1970s-era strip malls being redeveloped into mixed-use projects, walkable urbanlike pockets have been popping up in the ’burbs, and renters have followed.” www.multifamilyexecutive.com

The Oddball Bromance Between Blockchain and Real Estate
‘Would you put your house on the blockchain? What does that even mean? What about just buying property with cryptocurrency? These are the questions that cryptocurrency and real estate pioneers are investigating.” www.inc.com

How to Increase Your Influence at Work
“To be effective in organizations today, you must be able to influence people. Your title alone isn’t always enough to sway others, nor do you always have a formal position. So, what’s the best way to position yourself as an informal leader? How do you motivate colleagues to support your initiatives and adopt your ideas? How can you become a go-to person that others look to for guidance and expert advice?.” www.hbr.org

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

Ken

 

Bookmarks: 5 Interesting Articles That May Help You This Week

February 19th, 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 and the submissions of others (with credit to you if I post them). I wish you a terrific week! 

Credit: iStock

The Quiet Rise of the Downtown Tech Campus
“This concentration in cities is fairly recent. For decades, the tech industry was associated with what Joel Kotkin famously dubbed “Nerdistans”—low-slung suburban office parks surrounded by oceans of parking. The notorious tech buses that shuttled urban-dwelling workers to and from these facilities in the Bay Area were an early indication that techies were no longer content to live in the suburbs. Increasingly, it appears that they’d rather not work there either.” www.citylab.com

The WeWork Manifesto: First, Office Space. Next, the World.
“It can be tempting to dismiss WeWork as just another overvalued start-up that is high on its own rhetoric and flush with easy money from naïve investors. With little more than faddish interior design, free beer and an invitation to socialize with strangers, Mr. Neumann claims to have conjured up a whole new paradigm for white-collar workers — and for education — and vows that it can change the world.” www.NYTimes.com

When Malls Saved the Suburbs From Despair
“I can’t help but think that Americans’ days of hating the mall are numbered. When it gets replaced by Apple Town Squares, Walmart Supercenters, and the online-offline slurry of an ever-rising Amazon, we will miss these zoos of capitalism, these prisons of commerce, where consumerism roared and swelled but, inevitably, remained contained.” www.theatlantic.com

Google’s Guinea-Pig City
“In October 2017, (Sidewalk Labs) announced its most ambitious project yet: transforming the underdeveloped Toronto waterfront into an affordable, eco-friendly smart neighborhood—a little model town to showcase Sidewalk’s innovative technologies and urbanist ideas. For the privilege, Sidewalk has committed $50 million to a year-long, joint-planning process with Waterfront Toronto, an urban-development corporation.” www.theatlantic.com

After 7 Months of Working from Home, I Discovered a Productivity Hack that Keeps Me Focused All Day
“It turns out scenery changes may also boost productivity in traditional office settings. According to Ron Friedman, an organizational psychologist and the author of “The Best Place to Work: The Art and Science of Creating an Extraordinary Workplace,” great companies design workspaces that “facilitate the work their employees do. No single environment is effective for every task, which is why more and more companies are creating hybrid spaces that offer employees a range of uses,” Friedman writes.

Indeed, companies like Etsy, Spotify, and Facebook, to name a few, offer in-office employees various comfortable, inspiring, and spacious communal and individual workspaces as alternatives to a desk.” www.businessinsider.com

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

Ken

 

Bookmarks: 5 Interesting Articles That May Help You This Week

February 12th, 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 and the submissions of others (with credit to you if I post them). I wish you a terrific week! 

Credit: iStock

The Amazon-ification of Whole Foods
“In the broader context of Amazon’s ambitions—to build an operating system for the home, to expand into pharmacies and health care, to become a hit-making television production studio—this is the logical next step in turning Prime into the ultimate “life bundle,” a single membership program to bind consumers to every possible commercial need. As Amazon extends into more product areas, it can own both the search platform and the product, so that when a dad says to the smart speaker on his counter, “Alexa, I need brown rice and pork,” the product that arrives is an Amazon-branded box containing Amazon–Whole Foods–branded rice and pork.” www.theatlantic.com

How WeWork Has Perfectly Captured the Millennial Id
“WeWork is the world’s leading co-working company and the sixth-most-valuable start-up, according to VentureSource. Last year it was valued at $20 billion, a staggering sum for a company renting out short-term office space, mostly to small businesses and freelancers. But like Uber and Airbnb, WeWork positions itself grandly, as a disruptive revolutionary. It promises to “humanize” work, making the office a more creative place, with the right lighting, the right snacks, and, crucially, the right people.” www.theatlantic.com

If You’re So Successful, Why Are You Still Working 70 Hours a Week?
“Long hours are most common in managerial and professional occupations. This is something of a recent trend. In the old days, if you were a white-collar worker, the deal was that you worked as hard as you could at the start of your career to earn the right to be rewarded later on, with security of tenure and a series of increasingly senior positions. In professional organizations, such as law firms, accountancy firms, management consultancies, and investment banks, the prize was partnership. The competition was relentless, but once you won the prize, it was yours for keeps. Partners had autonomy to choose how and when to work and what to work on. Of course, some senior partners spent a surprising amount of their “business development time” on the golf course, but that was OK because they had already paid their dues to the organization.” www.hbr.org

The False Choice Between Automation and Jobs
“The catch is that adopting these technologies will disrupt the world of work. No less significant than the jobs that will be displaced are the jobs that will change—and those that will be created. New research by the McKinsey Global institute suggests that roughly 15% of the global workforce could be displaced by 2030 in a midpoint scenario, but that the jobs likely created will make up for those lost. There is an important proviso: that economies sustain high economic growth and dynamism, coupled with strong trends that will drive demand for work. Even so, between 75 million to 375 million people globally may need to switch occupational categories by 2030, depending on how quickly automation is adopted.” www.hbr.com

Workplace Changes Are Accelerating: Why And What Millennials Should Do About It
“Change is to be expected, unfolding at a constant rate as new generations replace old generations, and as old ideas become obsolete. But here’s the thing; in today’s world, change isn’t unfolding at a constant rate—it’s unfolding at a faster and faster rate. The rate of change in today’s workplace is accelerating, and if you aren’t prepared, it could dramatically impact your career.” www.forbes.com

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

Ken