When I wrote How to Win in Commercial Real Estate Investing, I spent all my words on the process of investing. Not the psychology of the business. Below is a great (and short) article on the 4 P’s of being a successful investor. I would recommend that everyone think about these words before they jump […]
Narrative
Vertical Warehousing
The entire world is being disrupted. Readers of this narrative know this. Here is the latest disruption: vertical warehouses with four stories. Why are these taking off? –Consumer demand for instantaneous delivery has caused the industry to take a hard look at the “last mile” and seek new ways to speed up delivery. […]
Analyzing Business Opportunities
We all know we have to do our homework when analyzing any business opportunity. Doing due diligence from every side and perspective will help protect your interests (and money). Below are some reminders and a priority list for conducting your due diligence to limit your risks and hopefully ensure your ROI: – Financials first, […]
1-Minute Phoenix Metro Office Market Update: Q1 2019
The Metro Phoenix Office market continued its trend of positive net absorption this quarter in a BIG way. Fresh off a year of posting 2.8 million SF of net absorption (job growth) in all of 2018, Metro Phoenix hit 1.1 million SF in just the first quarter 2019, sending vacancy down to 16.9% from […]
Building Collaborative Areas vs. Coworking Space
For those who have followed my narrative for a while now, you might recall that WeWork and the overall rise of Coworking office space has been on my radar for the past few years (Click here to read “Rise of Collaborative Workspace” and here to read “WeWork now a $5 billion co-working startup”). The market […]
Affordability
One of the most daunting tasks our national clients face is to quantify the key metrics for making decisions for their office locations. I review no less than 30 different reports a year on this topic and the items people track are, well…daunting. Demographics, traffic patterns, access to amenities, cost of labor, office space costs, […]
Chinese Company Headquarters WAY different than U.S.
Chinese company, Tencent, just finished its global headquarters. In previous narratives, I have discussed US-based tech companies’ cool new headquarters (Click here to read my narrative on Apple’s HQ). This week, I have included two different articles about the same building. What is different? Technology. In China, the government allows some technology that is not […]
The Commercial Real Estate Appraisal Process
We are constantly asked by owners and prospective owners to value buildings. As brokers, we can prepare BOV’S (Broker Opinion of Values). This is our opinion of a specific property’s market value if put on the market for sale. Full valuation for Lenders and partners to benefit all parties is called an Appraisal. Below […]
Relationships- Deep and Meaningful
This narrative typically talks about office space leases, trends and all things commercial real estate. Today, I wanted to talk about how we have thrived over 35 years in an incredibly tough business. It’s pretty simple — we build deep meaningful relationships with our clients. How do we do this? We have a […]
1-Minute Phoenix Metro Office Market Update: Q4 2018
It’s time for us to look back at the Metro Phoenix Office Market for 2018. Readers of this narrative know that I am an office broker who works every day representing tenants and landlords as they navigate real estate nuances and opportunities. I (along with my incredible team) am based in Phoenix but work around the country […]