Bookmarks: 5 Interesting Articles That May Help You This Week

January 8th, 2018

Credit: iStock

Credit: iStock

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!

What’s the Verdict on Urban vs. Suburban CRE Investment?
“In the past, urban assets have outperformed suburban asset returns in both office and multifamily sectors. From 1996 to 2016, suburban multifamily fell behind its urban counterpart by 80 basis points, while the suburban office sector underperformed urban by 110 basis points.

The present spread between urban and suburban multifamily is consistent with its long-term average at 81 basis points, meaning there is currently no worthwhile advantage to investing in suburban assets when considering the long term.” www.nrei.com

San Francisco’s Skyline, Now Inescapably Transformed by Tech
“SAN FRANCISCO — The skyscraper came late to this city, a shipping and manufacturing hub for much of its existence. The wealthy roosted on the hills and the masses toiled on the flats and the docks. Everyone lived close to the ground in a setting renowned for its natural beauty.

Now the things being shipped are virtual, and vast amounts of office space are needed to design, build and market them. Salesforce, a company that did not exist 20 years ago, will take up residence on Jan. 8 in the new Salesforce Tower, which at 1,070 feet is the tallest office building west of the Mississippi.” www.nytimes.com

Piedmont CEO Says Supply, Demand in Equilibrium Across Office Sector
“From a balance sheet perspective, Piedmont is “probably in the best position we’ve ever been,” according to Miller. The company expects to close on the sale of 14 assets in early January, which should reduce Piedmont’s leverage to its lowest level to date, he noted.

As for individual market performance, Miller noted that the Sun Belt region is probably the strongest right now. Chicago and Minneapolis are performing “quite well,” while Houston is probably the weakest market, he said. Washington, D.C. continues to be “a little bit of a drag on us,” Miller added.” www.reit.com

The Future Of Home Business Technology
The idea of a physical workplace is being replaced by the idea of conducting businesses from your own home. It’s easier now — we can create a virtual office and marketplace through the internet. You can take care of all aspects of the business from home and find the right balance between personal and professional life. 

Not only do home business owners save time and energy, but they are putting technology to the right use.” www.inc.com

Not Driving to Work Is the Hot New High-End Job Perk
“The percentage is down a little for lower- and middle-income workers since 2005, although it’s hard to detect much of a trend in either direction since the last recession. Among those making $75,000 or more, though, there’s been a significant decline since 2005, and it is continuing. Just as a reality check for Bloomberg’s many well-remunerated readers: Only 18.4 percent of U.S. workers made $75,000 or more in 2016, according to the ACS; the median was $35,815. (These numbers are all for individuals; median household incomes, also released last week, are higher.)

So while a big majority of higher-income workers still drives to work, that percentage is shrinking in a way that it isn’t for lower-income workers. How are those higher-income workers getting there instead? Well, public transportation…..” www.bloomberg.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

December 18th, 2017

Credit: iStock

Credit: iStock

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!

Tax Overhaul Could Be Big Win for U.S. Real Estate Investors
“Owners and developers of commercial real estate stand to gain from a new tax break for “pass-through” entities, which don’t pay corporate tax but instead pass income through to their owners’ individual tax returns, according to the report, by Cushman & Wakefield Inc. The House and Senate have reached a tentative agreement to create a 20 percent deduction for pass-throughs, which the report notes are responsible for 61 percent of investment in U.S. commercial real estate.” www.forbes.com

If You Aspire to Be a Great Leader, Be Present
“..he came to understand that, even though he was in the same room with someone, he wasn’t always fully present. He let himself become preoccupied with other activities or let his mind drift to other things. And, most of all, he’d listen to his inner voice when someone was talking. Because of his lack of presence, people felt unheard and frustrated.

Our inner voices are the commentaries we lend to our experiences. They often say things like, “I wish he would stop talking.” Or, “I know what she’s going to say next.” Or, “I’ve heard this all before.” Or, “I wonder if Joe has responded to my text.”

To truly engage other human beings and create meaningful connections, we need to silence our inner voices and be fully present — and being more mindful can help.” www.hbr.com

The End of the Office? How Working From Anywhere Is Changing Everything
“When I tell people that I work from wherever I want, whether it be home or a friend’s office, I am generally met with a bit of scorn or a response that points out how “lucky” I am. Actually, I’m just getting to experience what millions of people are already living: the mobile office.

Office space has undergone marked changes in the past few decades, with wooden desks being replaced by customizable cubicle walls and desks, then shifting to many of the new open-office designs we see now. This evolution is continuing as businesses realize that mobile technology is keeping workers away from the office more than ever. Here are some of the ways we are seeing the change.” www.inc.com

The Future Of Home Business Technology
The idea of a physical workplace is being replaced by the idea of conducting businesses from your own home. It’s easier now — we can create a virtual office and marketplace through the internet. You can take care of all aspects of the business from home and find the right balance between personal and professional life. 

Not only do home business owners save time and energy, but they are putting technology to the right use.” www.inc.com

Not Driving to Work Is the Hot New High-End Job Perk
“The percentage is down a little for lower- and middle-income workers since 2005, although it’s hard to detect much of a trend in either direction since the last recession. Among those making $75,000 or more, though, there’s been a significant decline since 2005, and it is continuing. Just as a reality check for Bloomberg’s many well-remunerated readers: Only 18.4 percent of U.S. workers made $75,000 or more in 2016, according to the ACS; the median was $35,815. (These numbers are all for individuals; median household incomes, also released last week, are higher.)

So while a big majority of higher-income workers still drives to work, that percentage is shrinking in a way that it isn’t for lower-income workers. How are those higher-income workers getting there instead? Well, public transportation…..” www.bloomberg.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

December 11th, 2017

Credit: iStock

Credit: iStock

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!

How Amazon’s Jeff Bezos Made One of the Toughest Decisions of His Career
“I went to my boss and said to him, ‘You know, I’m going to go do this crazy thing and I’m going to start this company selling books online.’ This was something that I had already been talking to him about in a sort of more general context, but then he said, ‘Let’s go on a walk,'” Bezos relates.

After two hours strolling Central Park and talking, Bezos’s boss impressed upon him that, even though his business idea was solid, he had a lot to lose. “He convinced me to think about it for 48 hours before making a final decision,” Bezos reports. “So, I went away and was trying to find the right framework in which to make that kind of big decision.”

His wife said she was happy to support him either way, so she couldn’t be the deciding factor. What could be? Bezos settled on the idea of “regret minimization.” www.inc.com

The Technological Race to Find You a Place to Park
“Technology has already started to solve the problem of squeezing into a space, with automatic parking features taking the pain out of parallel parking. Now it is trying to solve the other headache: finding a spot in the first place.

A slew of apps can predict where on- and off-street spaces will be available, direct you to them, reserve a space and let you pay for the spot through your smartphone. And manufacturers are beginning to add those capabilities to their vehicles’ navigation screens. BMW, one of the first to do so, is making the functionality of the Parkmobile app available through the navigation system on many of its 2018 models.” www.nytimes.com

Why Do We Still Commute?
“It’s true that, since the rise of the Internet, we report we are working from home more than we did before. But computers and smartphones didn’t replace the office—they’ve just kept us tethered to it when we’re not there. The vast majority of us still travel to work most days: only about 2.8 percent of the total workforce says they work from home “at least half the time.” It’s a reality reflected in commuting data: Since 1980, when the U.S. Census Bureau started collecting data on this issue, the average daily commute of Americans has increased roughly 20 percent, with the typical worker now commuting over 26 minutes each way.” www.citylab.com

Six Workplace Trends For 2018
“Technology has significantly impacted business models in nearly every sector,” Said Alan Stukalsky, chief digital officer, Randstad North America. “The growing STEM skill shortage, AI both disrupting and creating jobs and talent driving a shift toward agile work arrangements is a lot for employers to keep up with. It requires progressive thinking to find talent and meet short and long-term needs. We’re still in the Infancy of most of this, but digitization will advance the pace of change in the labor market and workforce in 2018.” www.facilityexecutive.com

Demand for New Jersey Warehouse Space Skyrockets
“The online-shopping craze that is tying up package delivery-systems around the U.S. is sparking a frenzy in New Jersey’s commercial real-estate market. Despite a feverish pace of construction in recent years, tight inventories and surging demand are driving rents for New Jersey warehouse space to new highs, according to a report.” www.wsj.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

November 27th, 2017

Credit: iStock

Credit: iStock

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!

Grand Buildings Help Keep Macy’s Afloat
What Macy’s does have going for it is real estate — a vast network of more than 600 stores across the country. Macy’s real estate, with an estimated value of $16 billion, is worth more than the company’s market value of $6.4 billion, according to an analysis by Cowen, the investment management and banking firm. Many of its oldest stores are a developer’s dream — soaring spaces with ornate exteriors in the heart of major American cities.” www.nytimes.com

Laptops Are Great. But Not During a Lecture or a Meeting.
“…a growing body of evidence shows that over all, college students learn less when they use computers or tablets during lectures. They also tend to earn worse grades. The research is unequivocal: Laptops distract from learning, both for users and for those around them. It’s not much of a leap to expect that electronics also undermine learning in high school classrooms or that they hurt productivity in meetings in all kinds of workplaces.” www.nytimes.com

Amazon’s Landlord: How The E-Commerce Boom Is Propelling Warehouse King Prologis To New Heights
“Because if you believe in e-commerce, you believe in Prologis. While internet shopping has devastated demand for traditional retail spaces, it has had the opposite effect on industrial real estate. Amazon is Prologis’ largest tenant, occupying 16 million square feet. (Prologis is also Amazon’s largest landlord, accounting for 13% of the warehouse space it operates.) Why? Getting a book to you in less than 48 hours (Amazon Prime’s promise) means already having it–and several thousand other items–nearby when you order.” www.forbes.com

Why Do We Still Commute?
“It’s true that, since the rise of the Internet, we report working from home more than we did before. But computers and smartphones didn’t replace the office—they’ve just kept us tethered to it when we’re not there. The vast majority of us still travel to work most days: only about 2.8 percent of the total workforce says they work from home “at least half the time.” It’s a reality reflected in commuting data: Since 1980, when the U.S. Census Bureau started collecting data on this issue, the average daily commute of Americans has increased roughly 20 percent, with the typical worker now commuting over 26 minutes each way.” www.citylab.com

The Future Of Retail 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.” www.fastcompany.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

November 13th, 2017

Credit: iStock

Credit: iStock

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!

Preview of the First Mass Timber High-Rise in the United States
“Images of the Framework building, the first high-rise building in the U.S. constructed out of mass timber materials, provided by Lever Architecture and KPFF Consulting Engineers.” www.nreionline.com

Great Storytelling Connects Employees to Their Work
“Connection happens when you see past the details of a task to its human consequences. When you feel connected to the moral purpose of your work, you behave differently. Now “moral purpose” might sound lofty but it needn’t mean saving a puppy or curing cancer; it can involve any kind of human service. And at the end of the day, all business is about service.” www.hbr.com

Ten Things Never, Ever To Say About Yourself
“We have been taught to brag about ourselves in our professional branding, but that’s terrible advice.

The more illustrious a person is, the less likely they are to praise themselves. When someone is truly a guru, other people say “That person is a guru!” but the guru doesn’t say it about themselves. It would be beneath them to boast. They don’t have to, and they don’t want to.

The people who brag about their credentials on LinkedIn or anywhere else are afraid that if they don’t trumpet their accomplishments, no one will respect them.” www.forbes.com

Is Your Agile Workspace Legible?
“In this age of ubiquitous wi-fi and long commute times, a lot of space planning focuses on providing that choice. In question would be where, when or how a person works. For sake of this discussion, we could consider this the ‘degree of agility’. There are several reasons to consider agility. Among them are employee satisfaction, real estate efficiency, granting people choice, and providing employees with a sense of control.” www.linkedin.com

Where Self-Driving Cars Go to Learn
“We are in the Wild West phase of autonomous vehicles, where companies are looking for the state with the least amount of sheriffing going on,” said Henry Jasny, senior vice president at Advocates for Highway and Auto Safety, a nonprofit based in Washington.

The payoff for Arizona has been a tech boom, with dozens of autonomous vehicle companies flocking here to set up operations. Every day, Waymo, the driverless car business owned by Google’s corporate parent Alphabet, as well as Uber, Lyft, General Motors and Intel now deploy hundreds of cars that drive themselves on the streets of Phoenix, a sprawling metropolis of 1.4 million people.” www.nytimes.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

 November 6th, 2017

Credit: iStock

Credit: iStock

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!

Are You Suited for a Start-Up?
“Start-ups have no clear hierarchies or paths to advancement. But from their embryonic stages through more-mature ones, they need good managers to create and effectively run departments such as marketing, product development, and sales. And one can accrue numerous personal and professional rewards working for these young organizations. In nearly every interview I’ve conducted with start-up joiners, they have emphasized how much they value the autonomy, creativity, and growth they experience in their jobs—all elements critical to fulfillment.” www.hbr.org

The Top Reasons Startups Fail
Oh Snap! | “More often than not, however, startups tend to fail brutally. According to CB Insights, 70 percent of upstart tech companies fail, usually about 20 months after first raising financing. The failure rate is even worse for consumer hardware startups with 97 percent of seed crowdfunded companies failing or turning into “zombies.” www.forbes.com

Six Myths About Choosing a College Major
“Students get plenty of advice about picking a major. It turns out, though, that most of it is from family and friends, according to a September Gallup survey. Only 11 percent had sought guidance from a high school counselor, and 28 percent from a college adviser. And most didn’t think that the advice was especially helpful. Maybe it’s because much of the conventional thinking about majors is wrong.” www.nytimes.com

We’re in the Worst Talent Shortage Since 2007. Employers Are Using This Strategy to Stand Out
“Organizations are facing one of the largest talent shortages since 2007. In fact, a ManpowerGroup report indicated that 40 percent of the more than 42,000 employers surveyed indicated they were having a difficult time filling positions.

When Manpower dug a little deeper, it found the top reasons driving the frustration included:

  • A lack of available applicants
  • A lack of experience
  • A lack of hard skills
  • Seeking more pay than is offered
  • A lack of soft skills  www.inc.com

Ten Things Never, Ever To Wear To Work
“There is no dress code policy — or any other policy, for that matter — that will eliminate the need for conversation.

One of the signs of a healthy workplace is that people are always discussing and debating questions like “What’s okay to wear to work around here?”

It is pointless to try and write HR policies in such a way that no conversation is needed. That’s an impossible standard to reach and in any case, conversation is essential! It’s through conversation that relationships are built. It’s how trust is established.” www.forbes.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

October 30th, 2017

Credit: iStock

Credit: iStock

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!

As Amazon Moves In, Demand for Warehouse Space Climbs
“For the modest warehouse, this is a golden age.

Boxy, unadorned and often overlooked, these properties are suddenly in hot demand in many parts of the country, thanks in part to a rise in e-commerce as consumer shopping habits move online. Retailers like Amazon and Walmart are snapping up space once reserved for makers of office furniture and home flooring.

For years now, consumers have been purchasing more products online. In the second quarter, e-commerce sales topped more than $111 billion on a seasonally adjusted basis, or 8.9 percent of all retail sales, according to the Census Bureau. Industry forecasters expect e-commerce sales to continue growing.

Warehouses often reveal little about what goes on within their walls, but the buildings make possible the rapid delivery that consumers now expect from online retailers. They serve as storage and distribution points for products ranging from auto parts to pharmaceuticals. And warehouse jobs have grown rapidly since 2010, forming a critical part of the employment base in communities across the country.

As developers try to catch up, they are considering some unusual solutions, like constructing multistory warehouses and demolishing struggling malls to make way for sprawling industrial properties..” www.nytimes.com

All Management Is Change Management
“Leaders should view change not as an occasional disruptor but as the very essence of the management job. Setting tough goals, establishing processes to reach them, carrying out those processes and carefully learning from them — these steps should characterize the unending daily life of the organization at every level. More companies need to describe their work in terms of where they are trying to go in the next month or next quarter or next year.” www.hbr.org

Retail Apocalypse? The Sky Isn’t Falling — The Sector Is Just Evolving
“The reality is that stores close – it’s a part of this business. Consumer’s tastes have always fluctuated, but with the rise of the internet and social media, the rate of change has been expedited. As a result, brands and categories fall-out of favor much faster, which initiates the open/closure cycle more rapidly. There is no doubt that e-commerce penetration, especially in certain categories, has also contributed to this exacerbated pace of change – it’s just not the great “disruptor” that many would have you believe.” www.forbes.com

How Retailers Use Personalized Prices to Test What You’re Willing to Pay
“Whether personalized pricing catches on with web retailers is now up to consumers. Will shoppers be comfortable knowing that the prices they are offered may be higher than those presented to others? Will buyers relish “electronically bargaining” to outwit sellers? Retailers first “negotiate” with each customer by personalizing prices based on their profile. In response, savvy shoppers will “bargain” by checking prices on different devices, clearing caches, using the app, conducting multiple searches, asking friends in different cities to see what price they’re quoted, and so on. Or will they become fed up and steer clear of web retailers that price profile? Amazon is on the record as stating that all of its customers see the same prices — will other retailers be so clear-cut?

As the fate of electronic price profiling shakes out, one issue is clear: It is truly a caveat emptor environment for shoppers who use the web.” www.hbr.org

Why You Can Focus in a Coffee Shop but Not in Your Open Office
“So why do so many of us hate our open offices? The quiet chatter of colleagues and the gentle thrum of the HVAC should help us focus. The problem may be that, in our offices, we can’t stop ourselves from getting drawn into others’ conversations or from being interrupted while we’re trying to focus. Indeed, the EEG researchers found that face-to-face interactions, conversations, and other disruptions negatively affect the creative process. By contrast, a coworking space or a coffee shop provides a certain level of ambient noise while also providing freedom from interruptions.

Taken together, the lesson here is that the ideal space for focused work is not about freedom from noise, but about freedom from interruption. Finding a space you can hide away in, regardless of how noisy it is, may be the best strategy for making sure you get the important work done.” www.hbr.org

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

Ken

 

Bookmarks: 5 Interesting Articles to Help You This Week

October 23rd, 2017

Credit: iStock

Credit: iStock

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!

 

College Advice I Wish I’d Taken
“A’S ARE COOL AND COME WITH PERKS As a student, I saw myself as anti-establishment, and I hated tests; I barely maintained a B average. I thought only nerds spent weekends in the library studying. Recently I learned that my niece Dara, a sophomore at New York University with a 3.7 G.P.A. (and a boyfriend), was offered a week of travel in Buenos Aires as part of her honors seminar. I was retroactively envious to learn that a 3.5 G.P.A. or higher at many schools qualifies you for free trips, scholarships, grants, awards, private parties and top internships. At 20, I was too busy freaking out when said boyfriend disappeared (after sleeping with one of said friends). Students certainly don’t need to strive obsessively for perfection, but I should have prioritized grades, not guys.” www.nytimes.com

How Office Politics Corrupt the Search for High-Potential Employees
“Few topics have captivated talent management discussions more intensely than potential. The obsession with predicting who may be a future star or the next top leader has influenced academic research and human resources practices alike. But how good are we at evaluating human potential? The answer is, it’s mixed. On the one hand, science has given us robust tools and powerful theories to quantify the key indicators of future career success, job performance, and leadership effectiveness. On the other hand, in the real world of work, organizational practices lag behind, with 40% of designated “HiPos” — high-potential employees — not doing well in the future and at least one in two leaders disappointing, derailing, or failing to drive high levels of engagement and team performance.

The main reason underlying this bleak state of affairs is that HiPo nominations are contaminated by organizational politics. To be more precise, there are six dynamics that prevent organizations from identifying, promoting, and developing the right people for leadership roles…” www.hbr.org

For Electric Car Owners, ‘Range Anxiety’ Gives Way to ‘Charging Time Trauma’
“…there is another obstacle: charging time trauma. Compared with a five-minute pit stop at your local gas station, charging an electric vehicle is a glacially slow experience. Modern electric cars still often need an entire night to recharge at home, and even at a commercial fast charging station, a fill-up can take an hour or more.” www.nytimes.com

The Surprising Power of Online Experiments
“At a time when the web is vital to almost all businesses, rigorous online experiments should be standard operating procedure. If a company develops the software infrastructure and organizational skills to conduct them, it will be able to assess not only ideas for websites but also potential business models, strategies, products, services, and marketing campaigns—all relatively inexpensively. Controlled experiments can transform decision making into a scientific, evidence-driven process—rather than an intuitive reaction. Without them, many breakthroughs might never happen, and many bad ideas would be implemented, only to fail, wasting resources.” www.hbr.org

5 Mall Redevelopments Adapting To The Changing Retail Climate
“Between one-fifth and one-fourth of American shopping malls will close in the next five years, according to Credit Suisse. As more and more mall-based retailers struggle to stay relevant, many developers are thinking outside of big-box retailers to reinvent centers. Here are a few shopping malls that will be completely redeveloped.” www.forbes.com

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

Ken

 

Bookmarks: 5 Interesting Articles to Help You This Week

October 16th, 2017

Credit: iStock

Credit: iStock

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 Survey of How 1,000 CEOs Spend Their Day Reveals What Makes Leaders Successful
“On average, about one-quarter of CEOs’ days are spent alone, including sending emails. Another 10% is spent on personal matters, and 8% is spent traveling. The remainder (56%) is spent with at least one other person, which mostly involves meetings, most of which are planned ahead of time. About one-third of the time CEOs spend with others is one-on-one; two-thirds is with more than one other person. (This data includes a CEO’s entire workday, not just time in the office.)

The most common departments for CEOs to meet with are production (35% of time spent with others), marketing (22%), and finance (17%). The most common meetings with outside functions are clients (10%) and suppliers (7%).” www.hbr.org

The Coming Software Apocalypse
“It’s been said that software is “eating the world.” More and more, critical systems that were once controlled mechanically, or by people, are coming to depend on code. This was perhaps never clearer than in the summer of 2015, when on a single day, United Airlines grounded its fleet because of a problem with its departure-management system; trading was suspended on the New York Stock Exchange after an upgrade; the front page of The Wall Street Journal’s website crashed; and Seattle’s 911 system went down again, this time because a different router failed. The simultaneous failure of so many software systems smelled at first of a coordinated cyberattack. Almost more frightening was the realization, late in the day, that it was just a coincidence.” www.theatlantic.com

Ken Burns Talks About Leadership, Productivity and Achieving Immortality Through Storytelling
“Award-winning filmmaker Ken Burns is responsible for such genre-defining and genre- defying documentary series as The Civil War, Baseball, and Jazz, to name a few. As he and collaborator Lynn Novick prepare to debut their new 10-part documentary film series The Vietnam War on September 17 on PBS stations nationwide, we spoke with the tireless documentarian about leadership, productivity, managing gigantic projects and how to achieve immortality through storytelling.” www.entrepreneur.com

The Surprising Power of Online Experiments
“At a time when the web is vital to almost all businesses, rigorous online experiments should be standard operating procedure. If a company develops the software infrastructure and organizational skills to conduct them, it will be able to assess not only ideas for websites but also potential business models, strategies, products, services, and marketing campaigns—all relatively inexpensively. Controlled experiments can transform decision making into a scientific, evidence-driven process—rather than an intuitive reaction. Without them, many breakthroughs might never happen, and many bad ideas would be implemented, only to fail, wasting resources.” www.hbr.org

This Is What Happens When You Reply to Spam Email
Suspicious emails: unclaimed insurance bonds, diamond-encrusted safe deposit boxes, close friends marooned in a foreign country. They pop up in our inboxes, and standard procedure is to delete on sight. But what happens when you reply? Follow along as writer and comedian James Veitch narrates a hilarious, weeks-long exchange with a spammer who offered to cut him in on a hot deal. www.ted.com

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

Ken

 

Bookmarks: 5 Interesting Articles to Help You This Week

October 2nd, 2017

Credit: iStock

Credit: iStock

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!

The Cozy, Overcrowded, Keg-Filled Future of Work
The United Nations projects that, by the year 2030, roughly 1 billion more people will be living in cities than do now. As of last year there were 31 cities with more than 10 million residents, and in about a decade, there will be 41.

These demographic trends are a source of fascination for urban planners and theorists around the world. Those who study what these shifts will mean view the coming era of urban mega-density with both excitement and fear. Others, however, see a clear business opportunity. Adam Neumann, the CEO of WeWork, a firm that rents out office space and apartments, puts it this way: “We don’t have enough room.”” www.theatlantic.com

Here’s How WeWork Pinpoints the Perfect Locations for Its Co-Working Spaces in Neighborhoods
“Workspace provider WeWork has skyrocketed to become the leader of its industry in a matter of just seven years. The company, which rents office and desk space to teams and individuals, has 218 office locations in 53 cities worldwide, and it’s not planning to slow down anytime soon. After a $4.4 billion investment from SoftBank’s Vision Fund earlier this year, WeWork reportedly is one of the top five most valuable startups, worth $20 billion.

To keep up with demand and ensure it continues along its growth trajectory, the company is quietly building a trove of data about how its members work in order to better serve them. But to attract those members, it first has to be strategic about where its offices are. Decisions come down to more than lease length and building aesthetic, because what lies directly outside a WeWork’s motivational-poster-adorned walls is just as important as the walls themselves. WeWork members inherently value flexibility and options — after all, they choose to rent space tailored to their needs rather than commit to a lease of their own. They want certain types of amenities in close proximity — from coffee shops where they can take clients for meetings to fitness studios where they can blow off steam during their lunch break.” www.entrepreneur.com

Work and the Loneliness Epidemic
“There is good reason to be concerned about social connection in our current world. Loneliness is a growing health epidemic. We live in the most technologically connected age in the history of civilization, yet rates of loneliness have doubled since the 1980s. Today, over 40% of adults in America report feeling lonely, and research suggests that the real number may well be higher. Additionally, the number of people who report having a close confidante in their lives has been declining over the past few decades. In the workplace, many employees — and half of CEOs — report feeling lonely in their roles.” www.hbr.org

How Grunt Work Can Benefit Millennials In The Long Run
“If you have aspirations to lead a team, be responsible for other employees or grow into a C suite position, then it pays to develop the ability to relate to people in order to effectively manage them. One of the best ways to relate to people is to have empathy. And that comes from knowing the context of the hurdles they face and having first hand knowledge of what they are working on. This provides insight into their pain points and the techniques needed to solve them.

In fact, some of the most innovative leaders and best technical managers are the ones that still carve time out of their day to tinker. And while is it true that they may not have the time to engage in in a full coding set or build something complex from scratch, they still understand the language enough to know what they are looking for when they critique others’ work.” www.forbes.com

What You’re Truly Saying With Your Out-of-Office Reply
Even better: If you want to truly unplug, own it and don’t apologize. And you should unplug! Studies have shown unplugging can improve your job performance and overall life satisfaction.

Mallory Ortberg, former editor of the beloved but now defunct website The Toast and current Dear Prudence columnist, went this route:

“I am currently on vacation and not accepting any emails about anything,” Ms. Ortberg wrote in one out-of-office autoreply, as Ms. Gould reported in her story. “I’m not planning on reading any old emails when I get back, either, because that feels antithetical to the vacation experience.”

What do you usually write in your out-of-office messages? Tell me at tim@nytimes.com or on Twitter at @timherrera.

Have a great week (or vacation)!”  www.nytimes.com

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

Ken