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

 

Bookmarks: 5 Interesting Articles That May Help You This Week

February 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

How to Build Trust with Colleagues You Rarely See
“When you exchange pleasantries with a co-worker in the elevator, the two of you are building trust. When you stop by a colleague’s office and see their family photographs on a desk, you learn about that person’s life outside the office and, as a result, usually feel closer. Face-to-face meetings, office parties, and opportunities to socialize together after working hours can all contribute to the feeling that your fellow employees will be reliable in what they say and do and that they will act for the good of the team and the organization. You believe they are trustworthy because you’ve developed this feeling over time.” www.hbr.org

What No One’s Telling You About Writing That Book
“…because it’s so easy to self-publish a book these days, too many people are focused on the fact they can publish one rather than wonder if they even should. And too many never stop to consider what it takes to make the book work for them. They put their blood, sweat and tears into a book, publish it on Amazon and then wonder why nobody is buying it. Or worse, they throw together a PDF with a few famous quotes, call it a “book,” and publish it. Again, nothing happens. But, hey, they have a book!

When there are so many ways to build authority, a book for book’s sake without the follow through to make it successful is a total waste of time. Having the book, in and of itself, is not going to do the thing everyone is talking about. People waste a lot of time writing books without ever having a clear understanding of why they’re writing it in the first place. Don’t make that mistake! If you’re considering writing, here are a few things you should consider.” www.forbes.com

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The Mental Benefits of Vacationing Somewhere New
” I believe that travel should routinely be used to achieve the opposite: to get out of your comfort zone, expose yourself to uncertainty, and eschew rest for exploration and learning. The result is personal growth — greater emotional agility, empathy, and creativity. A recent trip to Sri Lanka, with an unexpected stop in Thailand, led me to think more deeply about the positive impact of adventures that challenge us..” www.hbr.org

When Public Speaking Panic Sets In, How To Be As Bold As Richard Branson
“It’s true to say I’m a natural introvert, but from my experience, shyness is a problem you can overcome. All it takes is practice. If you’re an introvert and find it difficult to communicate with strangers you have to practice, practice and practice – but practice being yourself.”

The point he makes is that when you are first starting out, no one expects you to be a commanding leader or a world-class orator. The key lies in conveying a sense of passion for what you’re doing to whttp://workplaceinsight.net/us-workers-increasingly-prioritise-flexible-working-personal-development-status in over an audience.” www.forbes.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

 

Bookmarks: 5 Interesting Articles That May Help You This Week

January 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

GDP Grew 2.6% at Year End, Extending Strong Stretch (paywall)
“Eight years into what has been an unexpectedly slow expansion, the U.S. economy appears to have picked up steam.

Business executives have reported solid quarterly earnings in recent weeks and pointed optimistically to investment and hiring plans for 2018, supported in part by federal tax cuts. Stock prices keep churning higher.” www.wsj.com

Three CRE Jobs That Will Change With The Rise Of Predictive Analytics
“After speaking with hundreds of commercial real estate professionals during the development of our real estate predictive analytics platform, we’ve realized that although everyone wants to capitalize on big data and predictive analytics, few people have a solid understanding of the impact emerging predictive analytics technologies could have on jobs.

There are three commercial real estate jobs I believe will be fundamentally disrupted by the power of predictive analytics and machine learning. After the widespread adoption of predictive analytics products in real estate, chances are good the roles of these professionals will look much different.” www.forbes.com

Tax Incentive Puts More Robots on Factory Floors (paywall)
“New tax rules are hastening automation and modernizing in U.S. factories by giving manufacturers an incentive to buy machinery and boost productivity in a tight labor market. For the next five years, the revised tax code allows companies to immediately deduct the entire cost of equipment purchases from their taxable income.” www.wsj.com

US Workers Increasingly Prioritize Flexible Working and Personal Development Over Status
A new survey from LinkedIn and Harris claims that the priorities of US workers are shifting in the new world of work. Where once they would have craved the status of a corner office, they now hanker for personal development, flexible working and autonomy and many see work largely as a means to pay bills. A growing number of professionals are also keen on developing side projects away from work that they believe are more closely aligned with their personality and interests, according o the study of 2,000 people.” www.workplaceinsight.net

Amazon’s Checkout-Free Store Makes Shopping Feel Like Shoplifting
“Just as striking as the shopping experience was the scene outside, where there’s evidence that the company famously seeking a second home city is still gobbling up its first. South of the store was territory the company has already colonized—gleaming office towers where 40,000 employees work, expensive apartments where many of them live, glassy domes filled with rare tropical plants. Across the street, four cranes sprouted from a hole in the ground that will eventually anchor another office tower.” 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

January 22nd, 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

3 Commercial Real Estate Trends To Watch In 2018
“Political and economic uncertainty has pervaded the past year, with the U.S. economy showing signs of growth amid low inflation and a distressed retail segment in 2017, as accountants struggle to understand all the implications of the recently passed changes to the tax laws and Europe prepares for Brexit. Here’s a look at three commercial real estate trends to watch in 2018.” www.forbes.com

Office Party? Atlanta Market 2018 Forecast
Yours truly pens a post: 2017 was a mighty fine year for Atlanta office real estate. Macro events such as tax law changes, a roaring stock market, very healthy corporate profits and strong employment numbers helped corporate America to have a pep in it’s collective step. And Atlanta was no exception.

As I look deeply into my crystal ball and based on reading and conversations with economists and market experts, I’ve begun to tune up some predictions for 2018 in seven areas… www.blog.cushwake.com

Stop Neglecting Remote Workers
“Employees want to feel connected to one another. In a recent Globoforce study about the value of work relationships, 87% of respondents said they trust their coworkers and 93% said it’s important to have colleagues think highly of them. These bonds stoke engagement and commitment to the company. Cisco found that face-to-face relationships in particular are a boon to effective collaboration, which improves productivity, efficiency, and innovation.” www.harvardbiz.com

Warehouse Boom Continues, Sector Poised for more Growth in 2018, Says Report
“As Amazon’s continued retail expansion requires more and more square feet get absorbed into the company’s warehouse empire, the value of industrial real estate has climbed. A new report from Cushman & Wakefield, the national commercial real estate brokerage and consultancy, predicts that this particular market will only continue to boom” www.curbed.com

Holiday Retail Sales Soared, With Biggest Increase Since Recession
“Shoppers came out in force during the holidays, driven by a strengthening economy, high consumer confidence and rebuilding efforts after a season of natural disasters across the country.

Retail sales during November and December increased 5.5 percent, to about $692 billion, from a year earlier, according to data released on Friday by the National Retail Federation.

It was the largest increase in holiday sales since the recession of 2008, exceeding the federation’s forecast of $682 billion, or growth of about 4 percent.” 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

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