Power Reads: 3 Interesting Articles That Will Help You This Month

Each month, I select a few articles that rise above the fray and hopefully help you on your journey in leadership and the CRE world. They pull from one of four "corners": corporate real estate, technology, management science and anything positive. Each day we can become a better version of ourselves.

1. Brrrr. The Capital Markets are Frozen Solid!

Strap on your battle armor, we’re about to get into the thick of it. The storm clouds have been building for a while, but we’re about to get into a true battle in real estate capital markets.

“As has been reported in the past couple of weeks, the capital markets for commercial real estate are simply a mess. Things were tense, then Credit Suisse happened and blood pressure from lenders, capital and syndicators went off the charts.”

“I do think you will see banks pull back on commercial real estate commitments more rapidly in a world [where] they’re more focused on liquidity,” wrote Goldman Sachs Research’s Richard Ramsden in a note on Friday. “And I do think that is going to be something that will be important to watch over the coming months and quarters (first reported on CNN)."

2. Breaking Barriers and Shattering Glass Ceilings

I'm thrilled to share the 2023 CREi List of Influential Women in Commercial Real Estate! You can view the full list at www.creisummit.com

“These trailblazing women have made a significant impact on the industry and serve as role models for the next generation of leaders.”

This list was curated in partnership with Barbi Reuter who is an amazing leader in her own right.

3. Location Still Matters

Appropriately, there has been a ton of press recently about office buildings that are in trouble and going back to the lender. Billions of dollars of value is being destroyed before our very eyes.

“This weekend, I drive north out of Atlanta through some ex-urban communities enroute to see one of my daughters. She attends college in a rural North Georgia community.”

On the way up, I shook my head as I drove by 2 and 3 story "pocket" office buildings seemingly in the middle of a hay field. All had "for lease" signs in front of them. And they were very "see through" - meaning they need tenants. I could almost feel the pain of the hapless owners of the assets as I drive by.

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