Bookmarks: 5 Interesting Articles That May Help You This Week

July 23rd, 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 Amazon’s Expanding U.S. Brick-and-Mortar Footprint Stacks up Against Other Big Retailers

“Whole Foods locations make up close to 80 percent of Amazon stores across the U.S., underscoring the importance of the $13.7 billion Whole Foods acquisition for the company’s brick-and-mortar push.

Thanks to the Whole Foods deal, Amazon is breathing down the necks of traditional retailers like Sears and Macy’s, both of which have closed stores this year. However, Walmart dwarfs Amazon’s footprint with 5,295 stores across the county. Kroger (2,779 stores), Home Depot (1,981), Target and Best Buy (1,328) each boast a much larger national footprint as well.

Unlike many of these companies, which have been building stores for decades, Amazon is new to the physical retail world. Amazon opened it’s first brick and mortar store, Amazon Books, in Seattle’s University Village mall in 2015.” www.geekwire.com

Why Theme Parks are Spending Millions to Give Guests Free Wi-Fi

“We are constantly evaluating needs and introducing new technology in the parks to enhance the guest experience,” said Liz Jaeger, a spokeswoman for the Disneyland Resort.

But theme parks are not investing in free internet service just to keep tech-loving guests like Barrie happy. There is big money to be made with in-park Wi-Fi because it lets guests promote the park on social media and it gives the park access to valuable data about visitors.

Enthusiastic fans wait in line to be the first to enter the Wizarding World of Harry Potter at Universal Studios Hollywood before sunrise in 2016. Wireless internet helps theme park guests post images from such attractions.
Enthusiastic fans wait in line to be the first to enter the Wizarding World of Harry Potter at Universal Studios Hollywood before sunrise in 2016. Wireless internet helps theme park guests post images from such attractions. (Al Seib / Los Angeles Times) 

Industry experts note that videos, pictures and messages dispatched from theme parks to social media sites help promote the parks to millions of potential guests on Twitter, Facebook, Instagram and Snapchat, among other sites. Last year, Disneyland was the most Instagrammed location in the world, according to the photo-sharing app.

“There is an entire new industry of people posting pictures, going live, streaming while at a theme park or creating photo reports,” said Martin Lewison, a theme park expert and business management professor at Farmingdale State College in New York.” www.latimes.com

The Power of Positive People: Are your friendships giving you a boost or bringing you down?

“I argue that the most powerful thing you can do to add healthy years is to curate your immediate social network,” said..one expert, who advises people to focus on three to five real-world friends rather than distant Facebook friends. “In general you want friends with whom you can have a meaningful conversation,” he said. “You can call them on a bad day and they will care. Your group of friends are better than any drug or anti-aging supplement, and will do more for you than just about anything.” www.wsj.com

What Not to Do When You’re Trying to Motivate Your Team

“When leaders look like they are just applying some “motivational technique” they read about, people see right through the superficial, obligatory effort. It looks like they are checking off the “I motivated someone today” box. Motivation is not something you do to people. People ultimately choose to be motivated — when to give their best, go the extra mile, and offer radical ideas. The only thing leaders can do is shape the conditions under which others do, or don’t, choose to be motivated. But the final choice is theirs.

jul18_16_940190064

H.ARMSTRONG ROBERTS/CLASSICSTOCK/GETTY IMAGES

Unfortunately, too few managers understand this, and so there is a gap between managers’ efforts and the results they’re getting. A 10-year study of more than 200,000 employees shows that 79% of employees who quit their jobs cite a lack of appreciation as a key reason, and according to Gallup’s 2017 “State of the American Workplace” report, only 21% agree their performance is managed in a way that motivates them to do outstanding work. Here are three of the most offensive forms of “motivating” I’ve seen managers employ, and three alternative approaches I’ve seen work wonderfully.” www.hbr.org

Why Duke Realty Believes There’s Plenty of Room for Development in the Industrial Sector

NREI: What underlies that “pretty good” feeling?

(Duke CEO) Jim Connor: You’ve got 4.5 percent vacancy nationwide. It’s the lowest it’s been as long as anybody can remember, and they’ve been keeping records 25-plus years. We keep predicting every year that supply is finally going to catch up with demand, and it still hasn’t happened yet. Based on activity, I don’t see that trend changing. When you’ve got that low of a vacancy rate, it allows us to keep the occupancy rate in our portfolios ridiculously high. Our in-service portfolio is 97.5 percent leased [as of the first quarter of 2018], and with that you get great, strong rent growth numbers.

The challenge for us—and there’s always a downside with the upside—is we’re really in favor right now, so there’s a ton of capital chasing industrial. Even though interest rates have gone up 50 to 60 basis points in the last eight or nine months, we’ve seen cap rates on industrial compress 25 basis points, and maybe more in some cases. So, there’s a lot of competition out there. www.nreionline.com

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

Bookmarks: 5 Interesting Articles That May Help You This Week

July 16th, 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

Commercial Real Estate Implications of the Steel and Aluminum Tariffs

“The most important thing developers and contractors can do to minimize risk is to include clear contractual roadmaps for addressing eventualities such as price increases on raw materials.” www.nreionline.com

Watch Out, Retailers. This is Just How big Amazon is Becoming

“You knew Amazon was big. But did you know it was this big?

Amazon’s e-commerce sales in the U.S. are expected to reach a staggering $258.2 billion this year, up nearly 30 percent from a year ago, according to a new survey from eMarketer that looks at the company’s sales by product category.

That means Amazon is expected to capture nearly half of the U.S. e-commerce market by the end of 2018, eMarketer said. The company ended 2017 with about 44 percent of the market.” www.cnbc.com

People on Higher Floors of Office Buildings Tend to Take More Risks (WSJ Paywall)

This Scrappy Startup Wants To Save Family Farms. But Big Ag Is Fighting Back

“Based south of the San Francisco airport and backed by nearly $200 million in venture capital—from the likes of T. Rowe Price, Temasek, Kleiner Perkins and GV (Google’s VC arm), among others—FBN is trying to do nothing less than save America’s family farms while also building what its brash CEO, Amol Deshpande, hopes will become “the biggest agricultural business in the world.” The startup’s founders, Deshpande, 40, and Charles Baron, 34, want to shift leverage from giant manufacturers like DowDuPont and Monsanto. Collectively, farmers produce nearly $200 billion worth of crops a year, but individually they have little bargaining power. By bringing them together, FBN’s sprawling operation helps farmers get better prices on both the goods they buy and the crops they sell. As it spends heavily to sign up farmers and build its online store, the startup has yet to turn a profit. But it expects revenue of $200 million this year, up from $72 million in 2017, and Deshpande and Baron are already talking about an IPO.

“What they are doing is amazing in terms of its business potential and its social impact,” says Nancy Pfund, founder of DBL Partners, an investor in FBN and a descendant of farmers. “Certainly big data is in vogue, but information is not enough. You’ve got to bring farmers together so they can level the playing field.” 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

July 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

5 Minutes Early Is On Time; On Time Is Late; Late Is Unacceptable

An old but certainly a goody! “I have a magic pill to sell you. It will help you make more money, be happier, look thinner, and have better relationships. It’s a revolutionary new pharmaceutical product called Late-No-More. Just one dose every day will allow you to show up on time, greatly enhancing your life and the lives of those around you.

All joking aside, being late is unacceptable. While that sounds harsh, it’s the truth and something that should be said more often. I don’t care if you’re attending a dinner party, a conference call, or a coffee meeting – your punctuality says a lot about you.” www.forbes.com

The Secret to Disconnecting? Bring Back the ‘Away’ Message – (WSJ Paywall)

“When you head out on vacation this summer, you will want to properly get away. No checking in with the office, no sneaking a peek at your inbox and no occasional Twitter browsing just in case Beyoncé drops another surprise album. With the help of an out-of-office email responder and a little bit of willpower, you might even pull it off.” www.wsj.com

Can Silicon Valley Disrupt How We Build?

4 Keys to Staying Healthy in Open Office Layouts

“You can have the best system in the world, but if your facility manager isn’t cleaning the screens or the filters, the air quality is definitely not going to be great,” said Lessard, noting that routine upkeep is critical, as well..” www.amny.com

Duke Long’s Updated 2018 Top 150 Commercial Real Estate People You Must Connect With On LinkedIn.

Honored to be on Duke’s list!  www.dukelong.com

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

Bookmarks: 5 Interesting Articles That May Help You This Week

July 2nd, 2018

Happy 4th of July week!

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 Retail Real Estate Continues To Change

“The changes in consumer shopping behavior continue to create upheaval in the business of retail real estate. As certain kinds of space become less valuable or obsolete, the arrangements that landlords and tenants make has had to adapt. I recently sat down with four partners from Goulston & Storrs, a law firm with one of the largest retail real estate practices in the United States, and asked them what they’re seeing in the market right now.” www.forbes.com

Why Venture Capitalists Are Investing Billions Into Real Estate Technology

“The bottom line? Now is the time to get involved with real estate technology.

4 Keys to Staying Healthy in Open Office Layouts

“You can have the best system in the world, but if your facility manager isn’t cleaning the screens or the filters, the air quality is definitely not going to be great,” said Lessard, noting that routine upkeep is critical, as well..” www.amny.com

10 Examples of Companies With Fantastic Cultures

“Having great company culture is no longer just an option. Today’s workers consider it as much as they consider salary and benefits. In fact, fantastic company culture is almost expected along with other traditional benefits.

While the culture that works for one company might not work for another, you can learn a lot from companies who are doing it right, and get started on company culture hacks of your own.” www.entrepreneur.com

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

Bookmarks: 5 Interesting Articles That May Help You This Week

June 18th, 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 to Give a Webinar Presentation

“One often-overlooked element is ensuring you’re able to maintain eye contact with the camera so that you appear to be looking viewers in the eye. Some platforms display video images in one corner by default — and if so, it’s likely that your eyes will drift over there, making you appear to be staring off to one side for no reason. Guard against this by familiarizing yourself with the platform and adjusting the default settings as needed.” www.hbr.org

Logistics 4.0: How IoT Is Transforming The Supply Chain

Why Space Matters: Density

“Occupiers have been allocating less square footage per employee, but that trend is starting to slow down as businesses grapple with the right balance of personal, private, communal, and break space. Cushman & Wakefield expects that more densification will occur in the coming years, but the pace will slow down as companies supplement most private space reductions with increases in shared space. This balancing act will result in less attention on purely reducing square footage per employee and more emphasis on the effectiveness and flexibility of the office space.” www.cushwake.com

Top Trends and Metrics to Watch in U.S. Office SpaceWhat’s In A Name? How And Why Landlords Rebrand Their Buildings

“PMRG recently rebranded the Peachtree Lenox Building, which it purchased in 2015, reverting it to its address, 3379 Peachtree. For PMRG President Bill Weghorst, the firm had a very practical, and modern, reason for the change: Uber. Focusing on the address as the name makes the building easier for people to locate. “Everybody now uses Uber and navigation [systems], and Peachtree Lenox means nothing,” Weghorst said. “You can make the whole building newer just by doing that. It’s just an easy, inexpensive way to give a fresh feel to a property without spending any money.” 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

June 10th, 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 Richest Self-Made Woman In Real Estate Shares Her Best Advice

“I’d tell my 20 year old self, “do not let any obstacles stop you. Where there are obstacles there are also great opportunities. And most important, I’d drive home how important it is to get to know the people that truly make the decisions within the company you work for.” www.forbes.com

10 Career Lessons From Rags-To-Riches Immigrant Entrepreneur, The Donut King

The Donut King is the newly released autobiography by Ted Ngoy, a Chinese immigrant from a poor, single-parent household in Cambodia, who fled to the U.S. during the Khmer Rouge crisis, and made millions in mom-and-pop donut businesses, hence the moniker, The Donut King. It is a repeat rags-to-riches story because he lost his donut riches to gambling, rebuilt his fortune and career with completely different entrepreneurial ventures including stints in politics, agricultural and real estate, losing on some ventures and hustling continually into his 70s.

In Praise of Extreme Moderation

“Why does it seem like you can’t throw a paper airplane in some offices without hitting a person who is training for a marathon, planning a 10-day silent meditation retreat, or intending on scaling Kilimanjaro? On top of working 24/7 for a company that doesn’t pay overtime? Extremism is becoming the norm not only in our professional lives but increasingly in our personal lives as well, from politics and parenting to food and fitness.” www.hbr.org

Top Trends and Metrics to Watch in U.S. Office Space

“The current economic expansion, now the second longest in post-war history, continues to roll onward at a steady pace. This sustained growth is creating fierce competition for high-quality labor in most industries. Savvy commercial real estate executives are working alongside senior leadership in human resources and members of the C-suite to develop real estate strategies that attract and retain talent in the modern workplace. It is imperative for corporations to stay ahead of the changing commercial real estate trends.” www.blog.naiop.org

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

Bookmarks: 5 Interesting Articles That May Help You This Week

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

Credit: iStock

What to Do With a Day Off

“Happy Memorial Day! If you’re fortunate enough to have the day off from work, the most important thing on your to-do list today is to actually take the day off. Studies have shown that “people only send 40 percent less email” on holiday Mondays compared with regular Mondays. (Thank you, smartphones and tablet

The Store (It Would Seem) Is Not Dead (at Least for Now)

Amazon isn’t going anywhere, so shops that would rather not shut down are adapting, resulting in a somewhat surprising retail renaissance.

How to Stick to a Schedule When You Work From Home

“We gave you some basics on how to work from home not too long ago, but this pitfall can be extremely hard to overcome. Maybe that flexible schedule keeps you from daily basics like exercising and eating, or maybe it just causes you to work 12 hour days without realizing where the time has gone. Whichever camp you fall into, it’s important to make sure your day doesn’t become a black hole.” www.nytimes.com

Email Is Dangerous

What we think of as email got its start in the 1970s, with recognizable email addresses, mailboxes, folders, and sending and receiving as we know it now. The network was tiny then, mostly grad schools flirting with the American military-industrial complex. The trust model was around a small homogenous group of technical people, largely known to each other. Because of this, there was no authentication of emails, and there were no privacy measures. Forgery was not only easy, but common. Anyone could send mails saying they were from anyone, and the people running the servers could read everything that went by.

Email’s privacy model was always based on courtesy: We wouldn’t look at the messages crossing the network that weren’t for us because that would be rude. It would be even more rude to change them, though system administrators did regularly insert strange messages or modify messages as pranks, or to get their users’ attention. Emails from God or Santa Claus were not unheard of.” www.theatlantic.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 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!