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The Core Report
India's Warehousing Growth: 533 Million Sq Ft And Rising | Eye On Retail | Govindraj Ethiraj | The Core Report

The Core Report

Play Episode Listen Later Feb 26, 2026 36:58


India's warehousing growth has crossed 533 million sq ft — and it's still rising. Behind this surge lies a deeper transformation of India's logistics sector, supply chain infrastructure, e-commerce ecosystem, industrial real estate market, and manufacturing ambitions.In this episode of Eye On Retail By The Core Report, an initiative supported by Flipkart, Financial Journalist Govindraj Ethiraj in conversation with Yogesh Shevade, Head of Logistics & Industrial in India, JLL and Balbirsingh Khalsa, Executive Director – Industrial Capital Markets, National Director, Knight Frank, decode the forces reshaping India's logistics and warehousing landscape.As India aims to move from a $4 trillion economy toward a $30 trillion vision, logistics is no longer a backend function — it is a strategic growth engine. Post-GST reforms, institutional investment inflows, multimodal logistics parks (MMLPs), rail freight corridors, quick commerce, Tier 2 and Tier 3 city expansion, and automation are redefining how goods move across the country.For India-based professionals tracking infrastructure development, supply chain optimization, economic reforms, manufacturing growth, private equity investment, real estate capital markets, and e-commerce logistics, this episode offers deep strategic insight.⏱ Timestamps:(00:00) Introduction: Highlights on India's Logistics Transformation(02:17) The Boom in Tier 2 and Tier 3 Warehousing Ecosystem(06:00) Post-GST Evolution: How Reform Triggered Institutional Investment(09:45) Share of E-commerce in India's Logistics Sector(11:01) Optimizing the Pie: Transportation Costs, Labour Economics & Efficiency Gaps(17:30) Investment Realities: Land Prices, IRR Expectations, Vacancy Trends & Capital Flows(27:45) Future Infrastructure: The Shift from Road to Rail & Multimodal Logistics Parks(29:50) Path Ahead: Core Challenges and Growth Opportunities in Indian Logistics(33:12) Role of Government in Logistics & Infrastructure Development(35:05) Closing: Policy Synergy, Gati Shakti & India's Supply Chain FutureThis discussion explores:• How GST transformed India's supply chain and warehouse strategy• Why transportation contributes nearly 50% of logistics costs• The rapid growth of Tier 2 & Tier 3 warehousing hubs• The rise of quick commerce and 10–15 minute delivery ecosystems• Automation vs labour economics in Indian industrial real estate• Rail vs road freight efficiency and multimodal infrastructure• Land price escalation, IRR expectations, and investment risks• Why manufacturing, exports, and policy reform are critical to India's next growth phaseThe bigger question:Can India reduce logistics costs from 12–14% of GDP toward global benchmarks?Will rail freight and multimodal parks unlock long-term efficiency?Is Tier 2 India the next supply chain frontier?And how sustainable is the quick commerce model?If you follow the India growth story, economic policy, infrastructure investment, industrial corridors, supply chain strategy, or the future of e-commerce, this episode connects macroeconomic ambition with on-ground execution.Watch till the end for a sharp assessment of the opportunities — and the structural challenges — shaping India's logistics future.

Real Estate News: Real Estate Investing Podcast
AI's Impact on Commercial Real Estate and Office Space Demand

Real Estate News: Real Estate Investing Podcast

Play Episode Listen Later Feb 25, 2026 4:57


Artificial intelligence is starting to rattle another major industry — commercial real estate. In this episode, Kathy Fettke breaks down why shares of major brokerage firms like CBRE, JLL, Cushman & Wakefield, and Newmark recently fell despite strong earnings. Investors are questioning whether AI could shrink brokerage commissions, automate appraisal work, and compress margins across the industry. But the bigger concern may be office demand. If AI allows companies to operate with fewer employees, will they need less office space in the future? Kathy explains what executives are saying, where AI may have the biggest impact first, and what real estate investors should be watching next. Is this short-term market fear — or the beginning of a structural shift in commercial real estate?

ReliabilityRadio
Reliability Radio EP 360: Greg Elliott, JLL - IMC25

ReliabilityRadio

Play Episode Listen Later Feb 25, 2026 14:41


In this session from IMC, Greg Elliott, a prominent expert from JLL, delves into the essential strategies for navigating the evolving landscape of wealth and asset management in 2025. He discusses the critical balance between growth and profitability, the modernization of data to harness the power of AI, and the integration of sustainability into core business operations. Elliott provides actionable insights on building cyber resilience, adapting to new regulatory frameworks, and leveraging managed services to drive efficiency and scalability in a volatile global market.

Where We Buy: Retail Real Estate with James Cook
How [solidcore] Picks the Perfect Location - Where We Buy #370

Where We Buy: Retail Real Estate with James Cook

Play Episode Listen Later Feb 20, 2026 27:49


Josh Rainey is Senior Director of Real Estate + Growth at [solidcore], a boutique fitness operator specializing in intense strength training workouts on custom-built reformers. [solidcore] expanded from 85 locations in 2022 to 165 today, with plans to reach 205 by the end of the year. He discusses [solidcore]'s target demographic of primarily women aged 25-35, the importance of community-driven fitness experiences, and the brand's focus on longevity and preventative wellness. Josh covers site selection strategy, ideal co-tenants like premium grocers and athleisure retailers, and how the company's corporate-owned model ensures consistency across all locations. He shares insights on real estate challenges including rising rents in Texas, the return of capital investment to retail, and the importance of creating third places that inspire curiosity and frequency. James Cook is the Director of Retail Research in the Americas for JLL.  Subscribe: Apple Podcasts | Spotify  Listen: WhereWeBuy.show  Email: jamesd.cook@jll.com  YouTube: http://everythingweknow.show/ Read more retail research here:  http://www.us.jll.com/retail Theme music is Run in the Night by The Good Lawdz, under Creative Commons license.  

Institutional Real Estate, Inc. Podcast
Episode 1358: Lavishly funded AI companies are boosting NYC office market

Institutional Real Estate, Inc. Podcast

Play Episode Listen Later Feb 19, 2026 20:51


Venture capital investment in New York City is increasingly concentrated in fewer, larger and more mature artificial intelligence companies, a shift that is reshaping Manhattan's office market. To discuss this situation, Ben Bass, vice chairman in JLL's national brokerage division, joins the program to explain the AI forces at play and how it benefits office investors. (02/2026)

Institutional Real Estate, Inc. Podcast
Episode 1358: Lavishly funded AI companies are boosting NYC office market

Institutional Real Estate, Inc. Podcast

Play Episode Listen Later Feb 19, 2026 20:51


Venture capital investment in New York City is increasingly concentrated in fewer, larger and more mature artificial intelligence companies, a shift that is reshaping Manhattan's office market. To discuss this situation, Ben Bass, vice chairman in JLL's national brokerage division, joins the program to explain the AI forces at play and how it benefits office investors. (02/2026)

The Crexi Podcast
Petra Durnin: You Don't Need More Tech — You Need Better Data

The Crexi Podcast

Play Episode Listen Later Feb 18, 2026 48:58


Petra Durnin shares her insights on data strategy, AI adoption pitfalls, and what firms must do to thrive in the next era of commercial real estate.The Crexi Podcast connects commercial real estate (CRE) professionals with industry insights built for smart decision-making. In each episode, we explore the latest trends, innovations and opportunities shaping commercial real estate, because we believe knowledge should move at the speed of ambition and every conversation should empower professionals to act with greater clarity and confidence.  In this episode, host Adam Siegel sits down with Petra Durnin, a 25-year commercial real estate veteran and tech-to-impact strategist, to discuss the latest trends, insights, and strategies shaping the industry. They explore Petra's journey from liberal arts temp to research and data leader at some of CRE's most prominent firms, including CBRE and Raises Commercial Real Estate, which was acquired by JLL.They also delve into the critical importance of clean data foundations before layering in AI, the evolving role of researchers and analysts, and why firms that invest in strong data infrastructure will define the next era of the industry. Petra shares her contrarian take that the industry doesn't need more technology tools — it needs to better utilize the ones it already has.Introduction to The Crexi Podcast How Petra Got Her Start as a CRE Temp Becoming Indispensable: Taking Over Market Reports Growing from Analyst to Director Pushing the Curve: Technology and Data Visualization Moving to Raise Commercial Real Estate How Clean Data Drives Better Broker Decisions Finding the Aha Moment with Technology Adoption Building a Ground-Up Tool Nobody Had What Made Raises Different from the Competition Listening to Clients and Reducing Friction Seeing the Client Through the Broker's Eyes JLL Acquisition: Validation of the Vision Moving Upstream: Product and Data Strategy Curiosity as a Career Superpower Making Research Teams Strategic Partners Career Advice: Stay Curious The Universal Data Challenges Across CRE Firms Why AI Won't Fix Bad Data Data Silos and the Danger of Hoarding Information What AI Does Best — and Where It Still Falls Short The Bridge Between Brokerage and Technology The "Tech-to-Impact Strategist": Connective Tissue Getting Brokers to Actually Adopt New Tools Is Technology an Expense or an Investment? Why Brokers Lose Touch with Clients After the Deal The Power of Aggregation Over Individual Deals Fix Your Data Foundation Before Layering in AIHow Researcher and Analyst Roles Are Evolving Hiring for Curiosity Over Pedigree Rapid Fire Questions & Contrarian TakesWhat Makes Petra Optimistic About CRE in 2026  About Petra Durnin:Petra Durnin is a 20-plus-year commercial real estate veteran who has spent her career growing and supporting some of the most successful brokers and analysts in the industry. She has led research, data, and product strategy across global firms, helping organizations translate technology, market intelligence, and data into practical tools that drive better decisions and stronger performance.Petra's superpower lies in connecting technology, research, and human behavior. From startups to global platforms, she has built and scaled data and insight strategies that enable teams to work smarter in an increasingly complex market, turning information into actionable insight and insight into impact.She believes commercial real estate is entering a critical period of transformation, and that firms who invest in strong data foundations and insight-driven strategy will define the next era of the industry. For show notes, past guests, and more CRE content, please check out Crexi's blog.Looking to stay ahead in commercial real estate? Visit Crexi to explore properties, analyze markets, and connect with opportunities nationwide. Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexi

CNBC’s “Money Movers”
JLL CEO on CRE, Mark Zuckerberg Arrives at Trial, FIFA President 2/18/26

CNBC’s “Money Movers”

Play Episode Listen Later Feb 18, 2026 43:03


The CEO of commercial real estate giant JLL breaks down the company's most recent results plus lays out the impact of AI on the sector amid potential fears of a pull-back in office leasing activity. Then Meta's Mark Zuckerberg arrives at the courthouse in L.A. ahead of his testimony over the harm of the company's algorithms on kids and teens. Plus, the President of FIFA on the impact of the 2026 World Cup for the U.S. economy. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Source of Commercial Real Estate
Industrial Leasing is Back and Better Than Ever with Abigail Sievers

The Source of Commercial Real Estate

Play Episode Listen Later Feb 17, 2026 30:28


Our guest today is an expert in industrial real estate with JLL in the Indianapolis MSA. It is obvious that she knows this market inside and out and she's able to share her market expertise with us. We're able to learn the answers to questions like: What is tenant sentiment when they approach a lease negotiation? What are the industrial leasing patterns? What does the development pipeline look like? How is leasing activity? https://www.linkedin.com/in/abigail-sievers-ab987226/ Email Jonathan with comments or suggestions:podcast@thesourcecre.comOr visit the webpage:www.thesourcecre.com*The audio of this podcast is never generated by AI. However, some of the show notes and images may have been generated using AI tools.

BEHIND THE VELVET ROPE
Jeff Lewis Fires A Chump, Deals With Aftermath & Real Reason Gretchen Was Terminated (w/ Patrik & Pol)

BEHIND THE VELVET ROPE

Play Episode Listen Later Feb 16, 2026 47:19


All is not alright in Jeff Lewis Live land. A few weeks ago, after much drama, Jeff Lewis decided to terminate one of his very own beloved chumps. Today, two of Jeff's fav chumps, Patrik & Pol, stop by to discuss exactly what led to the chump's termination, how Jeff really feels about this firing, how the other chumps have reacted behind the scenes, whether this is permanent or temporary and the tumultuous aftermath in JLL chumpville all while filming his new Bravo TV show appropriately titled, no pun intended, “Still Flipping Out”. In other news, the real reasons Gretchen Rossi was fired have been uncovered as RHOC Season 20 gears up to begin filming later this month. @patriksimpson @polatteu @behindvelvetrope @davidyontef BONUS & AD FREE EPISODES Available at - www.patreon.com/behindthevelvetrope  BROUGHT TO YOU BY: COYUCHI - coyuchi.com/VELVETROPE (15% Off Your First Order Of The Most Comfortable Organic Sheets) CHEERS -CheersHealth.com (Get 20% Off A Way To Feel Better The Morning After A Few Drinks With Code Velvet ) MOOD - www.mood.com/velvet (20% Off With Code Velvet on Federally Legal THC Shipped Right To Your Door) ADVERTISING INQUIRIES - Please contact David@advertising-execs.com MERCH Available at - https://www.teepublic.com/stores/behind-the-velvet-rope?ref_id=13198 Learn more about your ad choices. Visit megaphone.fm/adchoices

People Property Place
Andrew Hynard, Senior Advisor & Non Executive Director - The UK Property Market Is at an Inflection Point

People Property Place

Play Episode Listen Later Feb 16, 2026 48:43


This week, I sat down with Andrew Hynard to unpack a corporate career that spans more than three decades at JLL, the chief executive leadership of one of London's most prestigious estates, and a post-executive chapter advising some of the most interesting property businesses in the UK. Andrew spent the majority of his career at JLL focused on Capital Markets, ultimately becoming Deputy Chairman of the UK business. He later became Chief Executive of The Howard de Walden Estate, overseeing 90 acres in Marylebone with a portfolio heavily weighted toward private healthcare in and around Harley Street. Today, he advises businesses including Clipstone Investment Management, Howard Group, Orega, Taurus Developments and Love Ventures, a VC investor in early stage technology companies   In this conversation, Andrew reflects on growing up as the son of a surveyor in Hastings and deciding at just ten years old that property would be his path. We explore his early decision to specialise in investment rather than rotate through departments, and why he later regretted not gaining broader technical grounding despite accelerating his capital markets career. We go deep into his time at JLL, including the cultural and strategic forces behind the merger with King Sturge, how he navigated internal politics without burning bridges, and why playing the long game and treating people with decency became his defining leadership philosophy. Andrew also shares the transition from advisory to client side when he became CEO of Howard de Walden, what it really means to run a £3–4 billion estate in one of London's most complex submarkets, and why attracting world class healthcare operators like Cleveland Clinic was a defining moment. We then turn to today's market. Andrew gives a candid view on the state of UK real estate, the leadership reset across major advisory firms, where growth is actually coming from, why income will dominate returns for the foreseeable future, and why he believes we are approaching an inflection point rather than a falling knife moment. Finally, we explore his portfolio of advisory roles, his work in venture capital, and why mentoring the next generation is one of the most important investments he now makes.   Key Topics Covered in This Episode ✅ From Hastings to Deputy Chairman How Andrew set his sights on property at age ten and built a 30+ year capital markets career. ✅ The King Sturge Merger The first conversation that led to one of the most significant UK advisory mergers of the past two decades. ✅ Advisory vs Client Side What changes when you move from broker to principal and how to make that transition successfully. ✅ Leading the Howard de Walden Estate Healthcare, tenant mix strategy, stakeholder management and long term estate stewardship. ✅ The State of the UK Market Flat growth, tentative optimism, income driven returns and why 2025 could be a turning point. ✅ Leadership Change Across UK Agencies Why so many CEOs have changed and what the next generation must get right. ✅ Building a Post Executive Portfolio Advisory roles, venture capital, mentoring and giving back to the industry. And of course, I asked Andrew the big question: Who are the People, what Property, and which Place would you invest in if you had £500 million to deploy? If you have thoughts or questions about this episode, drop them in the comments. I'd love to hear your take. The People Property Place Podcast is powered by Rockbourne, recruiting leadership talent for real estate funds, owners, investors, and developers.

The Steve Harvey Morning Show
Brand Building: “She offers executive women a retreat where they can experience luxury and end with a business plan.

The Steve Harvey Morning Show

Play Episode Listen Later Feb 13, 2026 30:11 Transcription Available


Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Ingrid Jacobs. A veteran enterprise leader, former HR executive, and Chief Growth Officer for The Revenue Retreat, a luxury boutique retreat for executive women who want to build profitable businesses without burnout. She and Rushion discuss her corporate background, her unique approach to customer integration, the challenges women face in entrepreneurship, pricing psychology, common business mistakes, age-related limiting beliefs, and the transformational design of her retreat program.

Strawberry Letter
Brand Building: “She offers executive women a retreat where they can experience luxury and end with a business plan.

Strawberry Letter

Play Episode Listen Later Feb 13, 2026 30:11 Transcription Available


Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Ingrid Jacobs. A veteran enterprise leader, former HR executive, and Chief Growth Officer for The Revenue Retreat, a luxury boutique retreat for executive women who want to build profitable businesses without burnout. She and Rushion discuss her corporate background, her unique approach to customer integration, the challenges women face in entrepreneurship, pricing psychology, common business mistakes, age-related limiting beliefs, and the transformational design of her retreat program.

Best of The Steve Harvey Morning Show
Brand Building: “She offers executive women a retreat where they can experience luxury and end with a business plan.

Best of The Steve Harvey Morning Show

Play Episode Listen Later Feb 13, 2026 30:11 Transcription Available


Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Ingrid Jacobs. A veteran enterprise leader, former HR executive, and Chief Growth Officer for The Revenue Retreat, a luxury boutique retreat for executive women who want to build profitable businesses without burnout. She and Rushion discuss her corporate background, her unique approach to customer integration, the challenges women face in entrepreneurship, pricing psychology, common business mistakes, age-related limiting beliefs, and the transformational design of her retreat program.

Where We Buy: Retail Real Estate with James Cook
Managing the Mixx: Creating Successful Live-Work-Play Destinations - Where We Buy #369

Where We Buy: Retail Real Estate with James Cook

Play Episode Listen Later Feb 13, 2026 29:14


Sean McNamara leads The Mixx at JLL, a specialized platform for managing complex mixed-use developments across North America. McNamara explains the unique challenges of managing properties that combine office, retail, residential, hotel, and entertainment uses on a single site. He discusses the importance of creating a sense of place through strategic merchandising, placemaking, and activation, highlighting projects like Plaza Coral Gables in Florida and OCVIBE in Anaheim, California. McNamara covers the rise of sports-anchored mixed-use developments, the role of technology infrastructure, and how successful mixed-use projects can command premium rents when properly managed and activated. James Cook is the Director of Retail Research in the Americas for JLL.  Subscribe: Apple Podcasts | Spotify  Listen: WhereWeBuy.show  Email: jamesd.cook@jll.com  YouTube: http://everythingweknow.show/ Read more retail research here:  http://www.us.jll.com/retail Theme music is Run in the Night by The Good Lawdz, under Creative Commons license.  

Great Business Minds
Ep. 37 - Accelerating AI Data Centre Delivery, with George Teodorescu and Kristen Vosmaer

Great Business Minds

Play Episode Listen Later Feb 12, 2026 34:35


In this conversation recorded at PTC Hawaii, JLL's Kristen Vosmaer and InfraPartners' George Teodorescu break down what is really separating winners from the rest in the AI data centre boom. Key takeaways: Time to first token = time to revenue. The faster a data centre goes live, the faster investors see returns - making speed a core financial metric. Power is the new battleground. Projects now live or die on energy access, with behind-the-meter generation, gas and even future nuclear options entering the mix. Capital is getting smarter - and more involved. Investors are moving from passive funding to hands-on strategic roles across the value chain. Off-site manufacturing is changing the game. Prefabrication cuts risk, labour pressure and delays, while improving cost certainty. Flexibility beats longevity. The era of 15-year static data centres is over, infrastructure must be modular, upgradeable and ready for rapid AI cycles. Partnerships are critical. No single player can deliver speed, power, funding and expertise alone. The biggest risks ahead? Monetising AI at scale, keeping up with power demand, and earning public trust as data centres become more visible - and political. Bottom line: In the AI era, success goes to those who can secure power, deploy fast, structure capital creatively, and turn infrastructure into revenue, quickly. Subscribe for more insight on the future of digital infrastructure.

MONEY FM 89.3 - The Breakfast Huddle with Elliott Danker, Manisha Tank and Finance Presenter Ryan Huang
Bigger Pic: Will 2026 be a turning point for the industrial property market?

MONEY FM 89.3 - The Breakfast Huddle with Elliott Danker, Manisha Tank and Finance Presenter Ryan Huang

Play Episode Listen Later Feb 12, 2026 8:55


Singapore’s industrial sector may not make splashy headlines, but it powers everything from semiconductors to AI infrastructure. Despite global trade tensions and rising supply, the market has held firm in 2025 — so how durable is that resilience? We speak with Dr Chua Yang Liang, Head of Research & Consultancy for Southeast Asia at JLL about where the real opportunities and risks lie, and what to watch as Budget 2026 approaches. Produced and presented by Audrey SiekSee omnystudio.com/listener for privacy information.

Wealth Formula by Buck Joffrey
545: Should You Invest in Hotels?

Wealth Formula by Buck Joffrey

Play Episode Listen Later Feb 11, 2026 35:19


For most of my career, I've been focused on two things: Operating businesses and Multifamily real estate. The strategy has been pretty simple. Take money generated from higher-risk, active businesses… and move it into more stable, long-term assets like apartment buildings. That shift—from risk to stability—is how I've tried to build durability over time. Now, to be fair, the sharp rise in interest rates a few years ago put a dent in that model. But zooming out, it's still worked well for me overall. So I'm sticking with it. That said, there are other ways to think about real estate. In some cases, the real opportunity is when you combine real estate with an operating business. We've done that before in the Wealth Formula Investor Club with self-storage, and the results were excellent. Storage is operationally simple, relatively boring—and that's exactly why it works. But there's another category that sits at the opposite end of the spectrum. Hotels. They're sexier.They're more volatile.And yes—they're riskier. But the upside can be dramatically higher. One of my closest friends here in Montecito has quietly built a fortune doing boutique hotels over the past few years. He started with a no-frills hotel in Texas serving the oil drilling industry. Over time, he combined his operational experience with his talent as a designer—and eventually created some of the highest-rated boutique hotels in the world. He's absolutely crushing it. Of course, most of us aren't world-class designers or architects. I'm certainly not. Still, his success made me curious. Hotels have been on my radar for a while now—not because I understand the business, but because I don't. When I asked him how he learned the hotel industry, his answer was honest: “I figured it out on the fly—starting with my first acquisition and a great broker.” That's usually how real learning happens. So this week on the Wealth Formula Podcast, I brought on an expert in hospitality investing to educate both of us. We cover the basics: How hotel investing actually worksWhere the real risks are (and where they aren't)How returns differ from multifamilyAnd what someone should understand before ever touching their first hotel deal If you've ever thought about buying or investing in hotels—but didn't know where to start—welcome to the club. You don't have to jump in tomorrow. But you do have to start somewhere. This episode is a good starting point. Listen on Apple Podcasts: https://podcasts.apple.com/gb/podcast/545-should-you-invest-in-hotels/id718416620?i=1000748759003 Listen on Spotify: https://open.spotify.com/episode/5Lx5Rp4x704lWRazWLqDOK Watch on YouTube: https://youtu.be/GMFf6-g8w_0 Transcript Disclaimer: This transcript was generated by AI and may not be 100% accurate. If you notice any errors or corrections, please email us at phil@wealthformula.com. Welcome everybody. This is Buck Joffrey with the Wealth Formula Podcast coming to you from Montecito, California. Before we begin today, I wanna remind you, if you’ve not done so and you are an accredited investor, go to wealthformula.com, sign up for our investor club. Uh, the opportunity there is really to see private deal flow that you wouldn’t otherwise see because it can’t be advertised. And, uh, only available to those people who are deemed accredited. And then what does accredited mean as a reminder? Well, if you’re married, you make $300,000 per year combined for at least two years with a reasonable expectation, continue to do so, or you have a net worth of a million dollars outside of your personal residence. Or if you’re single like me, $200,000 per year or a million dollars net worth. Anyway, that’s probably, uh, most of you. So all you gotta do is go to wealth formula.com, sign up for investor club because hey, who doesn’t wanna be part of a club? And, uh, by the way, it’s a great price. It’s free. So join it. Just get onboarded and all you gotta do is just wait for deal flow. What a deal. Now let’s talk about different kinds of things to invest in. For most of my career, I, I have really focused on two things I’ve focused on. Either operating businesses, uh, in my case, those operating businesses largely have been medical and multifamily real estate. Uh, the strategy itself, theoretically the way I think about it, take money from sort of these active businesses, a higher risk, move them into more stable long-term assets like apartment buildings. Okay? The idea is that’s how you build some durability over time. Now, to be fair, okay, to be fair. Sharp rise in interest rates a few years ago. Put a little bit of a dent in that model. But here’s the thing is that you can’t throw out the, uh, baby with the bath water. ’cause when I zoom out, still worked well for me overall. So I’m sticking with it and, uh, that’s my story. I’m sticking with it. That said, there are always other ways to think about real estate, right? Real estate is not just multifamily. Um, in some cases, the real opportunity is when you combine real estate and operating businesses. So. We’ve actually done that before in our wealth formula investor club. Um, and we’ve done that through self-storage, for example, and the results were really good. Storage is operationally, generally pretty simple. Probably not that simple, but you know, but more so than other things, relatively boring. Boring is good, and that’s exactly why it works. There’s another category that sits at the opposite end of the spectrum of boring, and it’s sexier and it’s more volatile and it’s riskier. And uh, that is the area of hotels, right, like leisure, that kind of thing. But the upside in those things can be dramatically higher. You know, one of my closest friends here. Montecito, I talk about him all the time. He’s a, he is a little bit of an inspiration to me, although I wouldn’t tell that to in space. He’s built a fortune doing boutique hotels over the past few years and the way he started, you know, and I think it was only about a decade ago because he bought like this no frills hotel in Texas that was serving the oil industry. There was a bunch of guys, you know, drilling needed a place to say, and you know, he had this and he actually. I don’t know that I would recommend this, but he, he told me he bought it sight unseen just based on the numbers. Ah, man, I gotta tell you, I don’t think I’m that lucky. If I bought something sight unseen, it would not work great for me, but it did work great for him. But over time, what he did is he, he combined his operational experience with his talent as he’s like a designer, like designs, homes, an architect, uh, of sorts, although more than that. Um, and he, he used to build houses for like famous people in Hollywood. Anyway, he took that skill and so he combined it with hotels and he created some of the highest rated boutique hotels in the world. And he’s absolutely crushing it. Just crushing it. Of course, the reality is that most of us aren’t world-class designers or architects. I’m certainly not. I’m not artistic at all. Still, um, you know, the fact that he’s had so much success in this space and that he loves hotels. What got me curious? So, hotels have been on my radar for a while, not because I understand the business, but actually because I don’t. And when I asked him how he learned, uh, about the hotel industry, he just said, you know, I figured out on the fly and, uh, you know, started with my first acquisition, had a great broker who taught me everything I, you know, needed to know at the beginning and. That’s a great story. I mean, and ideally that’s how things happen. As you can tell, this guy is, uh, seems to just hit on everything. So good for him. So this week on Wealth Formula Podcast, I wanted to get a little bit of a hotel investing 1 0 1. So I brought on an expert in hospitality investing that could educate both you and me. So we’re gonna cover some of the basics, how hotel actually works, you know, what are the risks returns. Like, what should people do if they even consider, you know, buying their first hotel or investing in one? So if you’ve ever thought about investing, uh, in hotels, or maybe that’s the first time you’re hearing about it and you’re curious, uh, welcome to the club and uh, we will have a great interview for you right after these messages. Wealth formula banking is an ingenious concept powered by whole life insurance, but instead of acting just as a safety net, the strategy supercharges your investments. First, you create a personal financial reservoir that grows at a compounding interest rate much higher than any bank savings account. As your money accumulates, you borrow from your own. Bank to invest in other cash flowing investments. Here’s the key. Even though you’ve borrowed money at a simple interest rate, your insurance company keeps paying you compound interest on that money even though you’ve borrowed it. At result, you make money in two places at the same time. That’s why your investments get supercharged. This isn’t a new technique. It’s a refined strategy used by some of the wealthiest families in history, and it uses century old rock solid insurance companies as its backbone. Turbocharge your investments. Visit Wealth formula banking.com. Again, that’s wealth formula banking.com. Welcome back to the show, everyone. Today. My guest on Wealth Farm I podcast is, uh, John O’Neill. He’s a, a professor of hospitality management and director of the Hospitality Real Estate Strategy Group at Pennsylvania State University. Uh, he spent decades studying hotel valuation performance, Cabo flows and economic cycles in in the lodging industry. John, thanks for, uh, joining us. You’re welcome. So, you know, we’re talking offline. You’ve been in the hotel business for a long time. We’re trying to figure out how to frame this thing because you know, I mean there are, I know there are certainly people in. Uh, who in, in my group and my listeners, my community who are in the hotel space, but a lot of ’em aren’t. And you know, they’ve been thinking about, well, you know, we do a lot of apartment buildings, that kind of thing. Um, you know, what else should we be thinking about? And so, you know, when we hear, uh, hotel, um, they’re thinking of hospitality. But from an investor’s perspective, I guess the first question ask is what kind of real estate asset is a hotel? And, and may, may maybe just sort of fundamentally how different it is. From apartments office or retail? Yeah, that’s a great question because hotels are fundamentally different. But what I’ve seen over the past few years as well is hotels have increasingly been considered to be a component of commercial real estate. So we’ve always thought about office and retail and residential and industrial as being components of commercial real estate, but increasingly. Investors are thinking about hotels that way as well, because some of the high risk aspects of hotels have been moderated a little bit. So they are still considered to be a high risk and potentially high reward category, but they’re much more cyclical than those other types of businesses. So if we look at apartment leases, maybe being a year or two. Office leases may be being three to five years and retail leases could be five or 10 years. The leases in hotels are one or two nights, so there’s upside, but there’s risk involved in that as well. So when there’s pressure in a market to increase rates, like here where I am in University Park, Pennsylvania, when we have a home football game. We can see hotels with average daily rates of maybe a hundred to $200 a night charging seven, eight, $900 per night, and filling up on those rates. You can’t do that in an office building or in a retail center. And so there’s great opportunity when demand increases to push up rates and to greatly benefit from that. The flip side of courses on Sunday night when all those guests leave. You might be back to a hundred dollars a night and running 20 or 30% occupancy. Do hotels kind of follow the rest of real estate in terms of market cycles though? Yeah, it depends. I, I would say in many cases they’re actually leaders, which again, double-edged sword there. So for, yeah, when we plummeted in 2020 because of COVID hotels were probably the first category really to see it. Demand dried up overnight, and you go back to September 11th, 2001 on September 12th, 2001, a lot of hotels were empty and that wasn’t the case with office buildings and retail centers. The flip side, of course, is when the economy started improving, hotel operators could start pushing their rates very quickly. And so other categories of commercial real estate didn’t receive those benefits. Yeah, I mean, obviously there’s certainly gonna be. Real estate that’s often used that that’s often using debt and, you know, probably has the same sort of, uh, issues with regard to cap rate compression or decompression based on interest rates as well. Right, right. So, um, where are we? Right? What would you say right now, like, I mean, we know that. Our, we’ve been following very closely on the multifamily side. You know, prices are depressed. I mean, from 2022, we’re looking at probably 30% to 40%. Most, most, uh, large apartment complexes are not moving because people don’t wanna sell into a down market. But when they are, they’re being sold at 30, 40% discounts compared to 2022. Where is the, where is the hotel? Market at right now? It it, it’s challenged because right now we’re seeing discrepancies between where buyers wanna buy and sellers wanna sell. We’ve started to see some movement because some sellers have come down a bit in pricing because of what we’ve seen in 2025, the market really did soften as far as the hotel business is concerned. So in 2025. We really saw no increase in occupancy and in many markets we saw some decreases in occupancy. We are still seeing average daily rates going up a little bit, so yeah. Might be worth maybe a quick step backward that the two key indicators in terms of hotel lodging performance would be occupancy and average daily rate. With occupancy being the extent to which the guest rooms are occupied and average daily rate being the average price somebody is paying. We can talk about the mathematics of those, but, um, just I think conceptually, hopefully that makes sense. But, so, you know, at this point what we’re seeing is average daily rates are still going up a little bit, and the forecasts for 2026 are. Pretty much more of the same, where we’re not expected to see great occupancy increases, but we are anticipating that the average daily rates might go up a little bit. Uh, and, and in fact we might see occupancies decline slightly. And, uh, we might see, uh, average daily rates still possibly going up a little bit. That’s usually an indicator of being late in the cycle, you know, being somewhere near the peak and, and, you know, if the trough was 2020. Which was a pretty deep trough. 2021, we started seeing improvements and we saw great improvements in 22, 23, and 24, and so it’s looking like the end of a cycle. The thing we don’t really know for sure is, is there some reason that we’re going to really go into a substantial down period or are we actually in a situation where we’re going to have another upcycle? Yeah. You know, the other thing I was curious about too, like when you talk about these cycles for hotels, even within hotels, there are certainly, you know, different types of hotels. You know, there’s the boutiquey ones that are pe really pure tourism versus the ones that, okay, well maybe they are, you know, good for football games or. There’s others that are people use for, for, for work frequently, right? They’re, they’re just passing through for, for work trips. Do you, is there, um, is that difficult to extricate those types of different economies running at the same time? It’s not, I, I don’t know that it’s that difficult, you know, just to give you a little bit about my background, I’ve been a professor for some time, but prior to being a professor I worked for. Three of the four major hospitality organizations, namely Marriott, IHG, and Hyatt. Uh, and so going back into the 1980s when I was doing feasibility studies for proposed Marriott hotels, we, in most markets, analyzed three markets segments. And, and you essentially said what they are commercial business, which are your business travelers, leisure business, which are your pleasure travelers, and then groups, which includes conventions and, and those are still the three major market segments in most markets. In, in some markets. For example, if you’re approximate to a major international airport, there’s usually a fourth segment, which is that fourth segment is airline crew business, which is, is very different than the other three because. Whereas the other three go up and down throughout, not just the year, but throughout the week. Airline crew business tends to be stable throughout the year, so it, it, it’s in your hotel 365 nights outta the year. So it’s, it’s a very low risk, but also a very low rated market segment. So it, I don’t know if that’s that complicated, but it just needs to be broken out as you delineated it, which is that there’s. Three or four market segments in any market. And in terms of studying a hotel for development or for investment, it’s necessary to understand not just what’s going on on the supply side, in other words what’s going on in the hotels, but what’s going on in the demand side as well. So give you an example. I recently did a feasibility study in a market, which is a big pharmaceutical market. So I actually spent time with major pharmaceutical people talking about, where are you staying now? Why are you staying there? Are you a member of the Frequent traveler program? How does your business vary throughout the year? What rates are you paying? What facilities and amenities are you seeking? And things like that. So to really understand the demand because that demand segment. So important in that market. So it is ultimately a street corner business and what’s going on in a specific market in terms of the mix of commercial, leisure and group business and possibly other market segments. Really is something that we have to study in depth when we conduct a feasibility study or an appraisal for hotel. I, I don’t know if I mentioned, I’m a licensed real estate appraiser too, and although my licenses allow me to appraise any type of property, I only appraise hotels. Got it. Businesses fundamentally changed pre COVID and post COVID. I would assume that there’s probably less travel. Are you seeing impact? On those types of hotels from that kind of, you know, less travel, more zoom type activity. Yeah. And, and that’s a great, that’s a great follow up because with those market segments, although the segments are the same. The demand from each of those segments really has different, and, and as you said, it really changed substantially in COVID. It, it, it’s fascinating how once we were forced to use Zoom and, and other, you know, Microsoft teams and other technology like that, you know, we, we kind of did a kicking and screaming. But once we figured it out, we realized we didn’t get a lot done. Uh, now I spent last week in Los Angeles at America’s Lodging Investment Summit, and I go to this. Function every year, because I see many of the same people year after year, and the business cards might change, but it’s the same people involved in the hotel business, whether they’re brokers or investors or asset managers or consultants or appraisers. But in between. Each year I do a lot on Zoom with these people and you know, we can keep those relationships going. So it hasn’t eliminated, you know, in my personal case, my need to travel, but it has substantially reduced it. And I think a lot of other business people have seen the same thing. So if we look at the recovery since COVID, it was fascinating because the first market segment that recovered and recovered really strongly was leisure business and people, people see it as their right. To have a vacation and, and people were paying high rates, particularly in, in, in mountain locations and in beach locations. And so those rates came up really quickly. And then the group business followed. If people do wanna go to group functions like I did last week in la what has not recovered to the level of 2019 though is the business travel. Right. Interesting. So I, that’s probably a, uh, you know, and he, I can’t really see a particularly promising future for that Subsect either. Right. I think, in fact, bill Gates said it’s never going to be back to the, you know, he, he’s an investor in Four Seasons hotels, and he said it’ll never be back to the way it was in 2019. I don’t know if he’s right. I mean, because I, I still feel like we get a lot of things done. Face-to-face, person to person that we really can’t do in Zoom. I don’t think Zoom is great for establishing relationships. I, I still think that we need face-to-face, uh, personal contact. But, you know, that might be just my perspective because I’ve been working in hotels since I was a teenager and I’m really far from being a teenager now. And, you know, I, I’ve been indoctrinated in this philosophy of the importance of face-to-face contact. But yeah, you know, that might be generational. You with a younger generation. Yeah. Yeah, absolutely. Um, you know, just kind of going back to the difference differences, uh, with compared to other real estate hotels, ultimately the, one of the big differences, they’re operating businesses, right? I mean, they’re not that large. Apartment buildings aren’t, but they’re is I think, a specific sort of operational execution that matters a lot in hotels. So, you know, in invest, when investors are kinda looking at that, I mean, they, they should probably be not looking at it as nearly as passive as other real estate investments. Is that fair? I, I think that’s very fair because I think, you know, it, it shows what’s happened in terms of the market with real estate investment trust. Because I’ve sold my entire position in hotel real estate investment trust and, and as you probably know, if we look at real estate investment trust. Different categories in, in commercial real estate, hotels lag, which is fascinating because everything else we’ve been talking about explains why hotel returns tend to outperform other classes of commercial real estate. More volatility, but higher returns on average. If you can withstand the long period, uh, that you need to be an investor. On real estate investment trust, it’s the opposite. Hotels actually lag and, and I think it really is because of exactly what you’re talking about, which is that they really are like an operating business where there’s also real estate as opposed to a real estate play where it’s almost like there’s an annuity of rent that is very easily projected, uh, in hotels. You know, we, we. Project all the time how they’re going to perform. But you know, you know, I hope my projections are very good, but there’s always things that can COVID. For example, you know, now there’s a virus in, in India that you know might be coming and, you know, we don’t know, will this be substantial or will it be really minor in the Americas? We really don’t know. Uh, that won’t have a big effect on, on other classes of real estate investment trust, but. It could have a big effect in hotels, so, so the unknowns in hotels are very high. And then when you combine that with the fact that they are an operating business, which are very labor intensive and wage rates are going up. So the cost structure and the management of that cost structure becomes. Very important and the expertise of the hotel managers becomes very important. And so, yeah, like you say, other classes of commercial real estate or, or institutional real estate investments have an operational component. It’s much greater when it comes to hotels. So I actually have a friend who’s an, um, owns, uh, a few boutique hotels here in, in California, and he was telling me one of the things that he’s kind of worried about is, um, you know, they, they’re, they have some, um. Some mandates coming up with regard to, you know, minimum wage and, and all these things that, uh, hotel workers have to get, uh, give you just outta curiosity. I mean, most of my audience is not in California. I am, but have you heard about this? Can you tell us a little bit about those pressures? Yeah, I have heard about it. And there’s, there’s forces on the other side as well, namely the American Hotel and Lodging Association, which represents hotel owners, managers, and franchisers. And so they have a voice in these things as well. But the, the, the forest, particularly in places like California and, and in the west coast in general, we’ve seen it in Seattle as well. Um, you know, in, in terms of increasing minimum wages to rates that, that are shocking to me. Um, you know, that’s, that’s a big issue. You know, you don’t see it as much in the middle of the country, but you do see it on the coast and particularly in the, on the West Coast. So, you know, if we’re looking at projections, say into 2026 and, and perhaps beyond, we expect in many cases to be seeing higher growth in wage expenses than we expect to see growth in RevPAR, which is room revenue, preoccupied room, which is just occupancy times average daily rate. So the, the overall revenue is expected, at least in the short term, to grow more slowly. Than expenses and, and wages are really driving a lot of it. And then anything that’s affected by wages, so insurance, for example, property taxes, other expenses are really growing at this stage more than what we’ve seen in terms of revenue growth. So that’s, that’s a challenge right now. The, the question I think really then is how much will AI affect that and to what extent will guests become more comfortable with checking in? On an iPad type of a situation as opposed to seeing a person face to face, and there’s probably generational differences there. What it is forcing hotel operators to do is the same kinds of things that restaurant operators have been forced to do, which is find ways to use technology and actually have the guests face the technology and get the guests comfortable with that. In terms of things like check in and check out, you know, but still in hotels the rooms have to be cleaned and, and although there’s robots that. You know, they’re nowhere near what, where they need to be to actually clean Hotel guestroom jet, at least in any sort of economically viable way. But, you know, the long-term question is to what extent will the industry be adopting AI and other technology in order to address that issue? Because that’s what’s going to happen. It’s, it’s, you know, it’s not just going to be a situation where. The operators will accept paying higher wages and have the same number of employees in each hotel. Right. Um, branding, you know, sort of confusing to a lot of people. Not in the space, but you know, what role do hotel brands actually kind of play in, in protecting revenue and value? Um, and I guess when does a brand help an owner versus become a constraint? Yeah. You know, brands have been very important and, and I, I forget if I mentioned but of the, the big brand companies I’ve worked for three of them and, um. You know, they, they, they typically started as management companies. So originally companies like Hilton and Marriott primarily generated revenue through management fees. And so they own some of the real estate, although they’ve become asset light over the years and own very little, if any, anymore. Uh, but they do still manage hotels. So one thing that the brand companies do have is expertise in terms of management. That’s one of the fees that a branded hotel and a non-branded hotel would have as well, would be a management fee, which is usually expressed as a percentage of revenue. And sometimes there’s an incentive structure in there as well. But then there’s a franchise fee, which is just paying for the brand, and, and that’s usually as a percentage of total revenue, higher than the management fee. But what it does is it, it, it. Puts the property in a global distribution system, so the global distribution systems that brands like Marriott and Hilton and IHG and, and HIA have, uh, they. Generate heads and beds. You know, that’s, that’s the term we always, when I worked at Hyatt and Merritt, we always talked about heads and beds. Every night you’re trying to, trying to get people in the rooms. The brands do a lot to put heads and beds, you know, in a typical hotel with a good brand affiliation. Somewhere between probably a third and two thirds of the occupy rooms actually came in through the brand global distribution system, which historically was a toll free reservation system. And although the, you know, those still exist now, it’s really more of a focus on the online system and, and, and sometimes toll-free reservations and direct reservations. But, but that’s what the brand does. It, it, it ultimately is a generator of. So kind of just focusing on somebody who’s potentially thinking about hotels as an investment. So far, what I gleaned from you, and, and correct me if I’m wrong, is that timing probably isn’t perfect right now. We’re probably, you know, we’re probably in a, you know, a peak and you generally not a great idea to buy in peaks. Um. I personally, from what I understand, would stay outta California. You know, uh, you know, like my friend was saying that it was gonna make it very difficult for a lot of hotels to have their, you know, hotel restaurants even. And so he foresees like a lot of them having to close those down. Um, and then the, the next thing I think is, gosh, you really have to be cognizant of the, of the fact that, you know, work patterns are changing. And so maybe that’s not a good. Way to go, either. What other, what are some other big picture things that you think people ought to be thinking about as they evaluate the space? Yeah. Well, I think there’s a couple of things. One of which is. That is a street corner business. So it really depends on what street corner you’re in. Uh, I’ve done some research just on how hotels perform in university towns versus other locations because, for example, there are brands now called graduate hotels, which eventually was acquired by Hilton, uh, and, uh, scholar Hotels and, and these properties are university town hotels. They’re doing okay. You know, they’re, they’re doing okay. If you look at how universities operate, we’ve seen some Ivy League schools pay 60, $80 million or more just to make sure they keep that billion dollars a year coming in from the federal government that they, they get for research grants and, and we’ve seen, you know, look at what’s going on with NIL now in terms of, of university sports. Universities clearly are willing to. You gen willing to spend a lot of money to keep doing what they do, which is, you know, they, they generate a lot of research and I’m talking about. Big universities now, uh, you know, a lot of research and, and there’s a sporting business aspect to universities as well. So university towns are okay, and, and what I ultimately found in my research is they’re much less cyclical than the average. So, you know, we talk about the risk of hotels as things go up and things go down and things go up and down. That doesn’t happen as much in university towns. You know, big universities don’t close and, and don’t even substantially change their business model. So it really depends on, on where you’re located. And then there’s certain cities as well, you know, people, you know, I, I don’t have to go into detail about my last visit to San Francisco and how weird it was, and I was with students and, and told my female students don’t go out at night alone. I mean, it was, it was, it was really freaky, but. San Francisco now might be a place to invest. Now San Francisco probably has bottomed out. Uh, and the same might be true with New York. So, you know, it really depends on where you’re going. I, I think in general, yeah, you know, there’s, there’s concerns, but even so, you know, I think it’s still might be a good time to invest in. Good quality hotel companies, just, you know, in terms of the stock market and, and equity in, in businesses like Marriott and, and Hilton because their franchise fees and their management fees are a percentage of total revenue. So hotels that are not profitable, that are a member of those brand affiliations are still paying. Into those systems and you know, hopefully the goal is that these properties become profitable, but even while they’re not profitable, they owe franchise fees and in some cases management fees as well. So I think there are a lot of ways to still invest in the hotel business. It’s just what vehicles are being used and where. So, you know, it sounds a little overwhelming, um, for someone who, again, who’s new to the space. Any suggestions on how somebody might just learn more about this ecosystem and, you know, start to go down this path of potentially becoming, you know, a hotel investor? Yeah. Well, first thing is, you know, we talked about ai. AI is pretty good for helping people to learn. So if you wanna learn about the hotel business, you can go and have a really good conversation with chat GPT about what makes it click and where could the opportunities lie today. Uh, you know, I’ve gone over the past year from essentially not using AI at all to using it essentially every day. And so that’s a great way because that’ll access a lot of, there, there’s trade journals, for example, but it’ll access those things. Uh, the conference, like I went to last week, the America’s Lodging Investment Summit, which is in LA every year is a. Is a great place to learn as well. There’s, there’s wonderful sessions and that conference is attended by everybody from Anthony Capano, who’s the CEO of Marriott, down to people involved in real estate and investments in the hotels and, and who essentially make their living. Off of those as brokers, appraisers, consultants, asset managers and things like that. So, so there’s ways online to do it and there’s ways to do it actually by attending conferences as well. Yeah. A good broker as well. Right. I mean, you know, going back to my, my friend who, who’s become a very successful hotelier, the first one he bought, he threw a broker and he said he learned everything about hotels that he knows from that guy. Um. So that’s probably, it probably tells you something as well. Yeah. And, and there are some excellent hotel brokers. There’s some who are national in scope and some who are local in scope. So again, it depends on where you’re thinking you might wanna be investing. Uh, but, but there’s some great local brokers, but then there’s national firms like JLL and CBRE and Hunter, uh, that, you know, they have really good people who are very knowledgeable about the hotel business. Yeah. John, thanks so much for, uh, joining us here on Wealth Formula Podcast and giving us sort of an overview of the, uh, um, hotel, uh, real estate, uh, uh, asset class. You bet you make a lot of money, but are still worried about retirement. Maybe you didn’t start earning until your thirties. Now you’re trying to catch up. Meanwhile, you’ve got a mortgage, a private school to pay for, and you feel like you’re getting further and further behind. Now, good news, if you need to catch up on retirement, check out a program put out by some of the oldest and most prestigious life insurance companies in the world. It’s called Wealth Accelerator, and it can help you amplify your returns quickly, protect your money from creditors, and provide financial protection to your family if something happens to. The concepts here are used by some of the wealthiest families in the world, and there’s no reason why they can’t be used by you. Check it out for yourself by going to wealth formula banking.com. Welcome back to the show everyone. Hope you enjoyed and again, uh, hey hotels. Think about it. I guess. Uh, I continue. I will continue to do so, uh, especially given my buddy’s success in this space. Um. Although, I will tell you, I probably am not a boutique hotel guy. Um, you know, I don’t, I don’t know that I could make it super fancy, you know? And then on the other hand, you hear about these, uh, hotels that are. For the people traveling through and they’re not doing this so great. So maybe wait till that we hit that, um, that trough that he was talking about, he said we’re kind of at a peak right now. Anyway, that’s it for me. Uh, this week on Wealth Formula Podcast. This is Buck Joffrey signing off. If you wanna learn more, you can now get free access to our in-depth personal finance course featuring industry leaders like Tom Wheel Wright and Ken McElroy. Visit well formula roadmap.com.

Where We Buy: Retail Real Estate with James Cook
Arte Museum Expands from South Korea to NYC, LA and Orlando - Where We Buy #368

Where We Buy: Retail Real Estate with James Cook

Play Episode Listen Later Feb 6, 2026 32:54


Julia Yook is General Manager of Arte Museum New York, a 52,000-square-foot immersive media art space at Chelsea Piers. Yook explains the museum's origins in South Korea in 2020, its expansion to locations worldwide including Las Vegas and upcoming sites in Los Angeles and Orlando, and the logistics of creating multisensory experiences that combine light, sound, scent, and spatial design. She covers the museum's 14 distinct zones, the proprietary technology behind interactive features like the sketch room and cafe experience, and how the creative team in Korea designs custom exhibitions for each location. Yook also discusses visitor demographics, corporate buyouts, and social media's role in driving attendance.   James Cook is the Director of Retail Research in the Americas for JLL.    Subscribe: Apple Podcasts | Spotify  Listen: WhereWeBuy.show  Email: jamesd.cook@jll.com  YouTube: http://everythingweknow.show/ Read more retail research here:  http://www.us.jll.com/retail Theme music is Run in the Night by The Good Lawdz, under Creative Commons license.  

The Steve Harvey Morning Show
Building Brands: She shares her expertise in helping high‑achieving women build sustainable, profitable businesses.

The Steve Harvey Morning Show

Play Episode Listen Later Feb 4, 2026 30:22 Transcription Available


Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Ingrid Jacobs. A veteran enterprise leader, former HR executive, and Chief Growth Officer for The Revenue Retreat, a luxury boutique retreat for executive women who want to build profitable businesses without burnout. She and Rushion discuss her corporate background, her unique approach to customer integration, the challenges women face in entrepreneurship, pricing psychology, common business mistakes, age-related limiting beliefs, and the transformational design of her retreat program.

Strawberry Letter
Building Brands: She shares her expertise in helping high‑achieving women build sustainable, profitable businesses.

Strawberry Letter

Play Episode Listen Later Feb 4, 2026 30:22 Transcription Available


Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Ingrid Jacobs. A veteran enterprise leader, former HR executive, and Chief Growth Officer for The Revenue Retreat, a luxury boutique retreat for executive women who want to build profitable businesses without burnout. She and Rushion discuss her corporate background, her unique approach to customer integration, the challenges women face in entrepreneurship, pricing psychology, common business mistakes, age-related limiting beliefs, and the transformational design of her retreat program.

Best of The Steve Harvey Morning Show
Building Brands: She shares her expertise in helping high‑achieving women build sustainable, profitable businesses.

Best of The Steve Harvey Morning Show

Play Episode Listen Later Feb 4, 2026 30:22 Transcription Available


Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Ingrid Jacobs. A veteran enterprise leader, former HR executive, and Chief Growth Officer for The Revenue Retreat, a luxury boutique retreat for executive women who want to build profitable businesses without burnout. She and Rushion discuss her corporate background, her unique approach to customer integration, the challenges women face in entrepreneurship, pricing psychology, common business mistakes, age-related limiting beliefs, and the transformational design of her retreat program.

Nexus

Episode 190 is a conversation with Brad Bonavida from Nexus Labs and Kate Stelzel from JLL. In this episode of the Nexus Podcast, the Nexus Labs team breaks down the top stories relevant to energy managers, facility managers, IT/OT managers, and workplace managers.Find full show notes and episode transcript on The Nexus Podcast: Episode 190 webpage.Sign-up (or refer a friend!) to the Nexus Newsletter.Learn more about The Smart Building Strategist Course and the Nexus Courses Platform.Check out the Nexus Labs Marketplace.Learn more about Nexus Partnership Opportunities.

ReliabilityRadio
Reliability Radio EP 355: Patrick Heiser, Nanoprecise - IMC25

ReliabilityRadio

Play Episode Listen Later Feb 3, 2026 11:48


Live from IMC 2025, Patrick Heiser, Senior VP at JLL, joins Reliability Radio to discuss the practical implementation of Reliability Centered Maintenance Reengineered (RCM-R). Patrick explains how JLL utilizes the RCM-R roadmap—Assessment, Education, and Implementation—to streamline maintenance strategies without "boiling the ocean". The conversation covers the importance of starting with pilot programs, partnering with experts like Jesus Sifonte, and focusing on the human element to drive sustainable reliability across global accounts.

Where We Buy: Retail Real Estate with James Cook
Asana Partners' Clare Walsh on Authentic Neighborhood Retail - Where We Buy #367

Where We Buy: Retail Real Estate with James Cook

Play Episode Listen Later Jan 30, 2026 31:58


Clare Walsh is Managing Director of Leasing Strategy at Asana Partners, a retail-focused investment firm with over $7 billion in assets under management. Walsh discusses the company's focus on neighborhood retail across the top 25 U.S. metropolitan areas, highlighting key properties in neighborhoods including Dallas Design District, Charlotte's South End, and Salt Lake City's East Bench. She covers current retail trends including the wellness economy, the rise of authentic Asian cuisine and beauty concepts, and the growing demand for small-format retail. Walsh also explains Asana Partners' active investment approach, the challenge of finding quality all-day cafes, and how experiential retail and AI-powered personalization are shaping the future of neighborhood shopping centers.   James Cook is the Director of Retail Research in the Americas for JLL.  Subscribe: Apple Podcasts | Spotify  Listen: WhereWeBuy.show  Email: jamesd.cook@jll.com  YouTube: http://everythingweknow.show/ Read more retail research here:  http://www.us.jll.com/retail Theme music is Run in the Night by The Good Lawdz, under Creative Commons license.  

Where We Buy: Retail Real Estate with James Cook
The Gen X Shopper - Where We Buy #366

Where We Buy: Retail Real Estate with James Cook

Play Episode Listen Later Jan 23, 2026 50:30


Stephanie Cegielski is Vice President, Research and Public Relations at ICSC, where she leads consumer research initiatives. Cegielski explains why Generation X—born between 1965 and 1980—represents a significant but overlooked opportunity for retailers and shopping center owners. Despite comprising only 19% of the U.S. population, Gen X accounts for a third of total consumer spending. She discusses Gen X shopping behaviors, including their preference for in-store experiences over online shopping, their resistance to social media influencer marketing, and their focus on high-dollar purchases like luxury goods. Joining the discussion are Ana Leon, Director of Retail Research at Nuveen; Mike Jordan, Director of Research at Big V Property Group; Gregg Katz, Director, Business Industry Solutions - Real Estate at Esri; and Meghann Martindale, Principal, Director Market Intelligence, Retail at Avison Young. The panel explores how Gen X's unique position as the "sandwich generation"—caring for aging parents while supporting their own children—drives their spending patterns, and why this generation's hybrid approach to technology makes them the ideal omnichannel consumer.   James Cook is the Director of Retail Research in the Americas for JLL.  Subscribe: Apple Podcasts | Spotify  Listen: WhereWeBuy.show  Email: jamesd.cook@jll.com  YouTube: http://everythingweknow.show/ Read more retail research here:  http://www.us.jll.com/retail Theme music is Run in the Night by The Good Lawdz, under Creative Commons license.  

Retail: Recorded
Retail Recorded Episode 39 | Retail Through the Lens of Leadership: A Conversation with Naveen Jaggi

Retail: Recorded

Play Episode Listen Later Jan 22, 2026 26:27


In this episode of Retail: Recorded, host Anjee Solanki sits down with Naveen Jaggi, President of Retail Advisory Services at JLL, for a wide-ranging conversation on career growth, industry leadership, and the evolving role of retail advisory services. Drawing from his background as a fourth-generation retailer, developer, and longtime brokerage leader, Naveen shares how working “behind the counter” shaped his perspective and continues to influence how he approaches clients, teams, and the retail ecosystem. Their discussion explores how retail real estate has shifted from a transactional business to a solutions-driven, advisory platform, with a strong focus on data, consumer behavior, and strategic insight. Anjee and Naveen reflect on their shared experience serving on the ICSC Board of Trustees and how that vantage point provides a broader, more balanced view of the industry's challenges, opportunities, and responsibilities. They also look ahead at what lies in store for retail over the next 12 to 24 months, touching on consumer confidence, geopolitical and economic pressures, supply constraints, and how technology and data can help retailers and landlords move faster and smarter. The episode closes with Naveen's personal perspective on what continues to excite him about retail and why local, community-driven retailers remain at the heart of the industry.

Where We Buy: Retail Real Estate with James Cook
Canadian Retail Property Investment with Matt Smith - Where We Buy #365

Where We Buy: Retail Real Estate with James Cook

Play Episode Listen Later Jan 21, 2026 24:28


Matthew Smith is the leader of retail investment in Canada for JLL, with 29 years of experience in Canadian capital markets. Smith discusses the current state of Canada's retail investment market, explaining why grocery-anchored centers remain the top investment choice for both domestic and international buyers. He covers the dominance of private capital in the market, the concentration of institutional investment in Canada's six primary markets, and the recent surge of activity in Alberta. Smith also addresses the impact of US tariffs on Canadian consumers and cross-border shopping patterns, the expansion plans of major Canadian grocery chains, and the challenges facing enclosed malls following Hudson's Bay's closure of all locations. He explores why shopping malls remain more central to Canadian retail than in the US, the slowdown in new retail construction, and the ripple effects of Canada's residential housing crisis on retail real estate investment.   James Cook is the Director of Retail Research in the Americas for JLL.  Subscribe: Apple Podcasts | Spotify  Listen: WhereWeBuy.show  Email: jamesd.cook@jll.com  YouTube: http://everythingweknow.show/ Read more retail research here:  http://www.us.jll.com/retail Theme music is Run in the Night by The Good Lawdz, under Creative Commons license.  

Where We Buy: Retail Real Estate with James Cook
CEO Alan MacKenzie: Canada Retail is (Mostly) a Landlord's Market - Where We Buy #364

Where We Buy: Retail Real Estate with James Cook

Play Episode Listen Later Jan 16, 2026 29:48


Alan MacKenzie is CEO of JLL Canada, overseeing all business lines including capital markets, work dynamics, leasing, and property management across the country. MacKenzie shares his journey from founding a retail real estate company in 2000 to leading JLL's Canadian operations, including his work bringing Lowe's to Canada and representing Walmart. He discusses the current state of Canadian retail real estate, explaining why vacancy rates at top-tier malls are below 2% despite economic headwinds. MacKenzie also covers the impact of Hudson's Bay department store closures, the bifurcation in consumer spending behavior, and why Canada has been slower than the U.S. in returning to office. He explains the unique characteristics of the Canadian market, including stringent zoning policies, limited new construction, and strong immigration-driven demand that's creating a landlord's market in premium retail locations.   James Cook is the Director of Retail Research in the Americas for JLL.  Subscribe: Apple Podcasts | Spotify  Listen: WhereWeBuy.show  Email: jamesd.cook@jll.com  YouTube: http://everythingweknow.show/ Read more retail research here:  http://www.us.jll.com/retail Theme music is Run in the Night by The Good Lawdz, under Creative Commons license.  

Where We Buy: Retail Real Estate with James Cook
Inside Nando's US Expansion - Where We Buy #363

Where We Buy: Retail Real Estate with James Cook

Play Episode Listen Later Jan 9, 2026 36:00


Kimberly Grant, CEO of Nando's PERi-PERi North America, and Ryan Welch, Director of Real Estate, join the show to discuss the fast-casual restaurant's expansion across the United States. Grant and Welch share the story of Nando's entry into the US market, the brand's unique approach to hospitality, and the challenges of scaling operations while maintaining authenticity. They cover site selection strategy, customer experience, and the importance of community connection. The conversation also highlights Nando's global cult following, menu adaptations, and the company's commitment to creating career pathways for team members. James Cook is the Director of Retail Research in the Americas for JLL.  Subscribe: Apple Podcasts | Spotify  Listen: WhereWeBuy.show  Email: jamesd.cook@jll.com  YouTube: http://everythingweknow.show/ Read more retail research here:  http://www.us.jll.com/retail Theme music is Run in the Night by The Good Lawdz, under Creative Commons license.  

Where We Buy: Retail Real Estate with James Cook
Nando's and Beyond: Robbie Brozin's Path from Founder to Changemaker - Where We Buy #362

Where We Buy: Retail Real Estate with James Cook

Play Episode Listen Later Jan 5, 2026 52:01


Robert Brozin is co-founder of Nando's, the global restaurant chain known for its flame-grilled peri-peri chicken. He left his corporate job to build Nando's from a single Johannesburg location into an international brand. He discusses the company's unique people-centric culture, the challenges and rewards of global expansion, and the importance of maintaining strong values and purpose. Brozin also delves into his philanthropic work, including the fight against malaria through Goodbye Malaria and his efforts to revitalize Johannesburg. The conversation covers Nando's approach to menu innovation, marketing, and community impact, offering insights into building a brand that changes lives—one chicken at a time. James Cook is the Director of Retail Research in the Americas for JLL.  Subscribe: Apple Podcasts | Spotify  Listen: WhereWeBuy.show  Email: jamesd.cook@jll.com  YouTube: http://everythingweknow.show/ Read more retail research here:  http://www.us.jll.com/retail Theme music is Run in the Night by The Good Lawdz, under Creative Commons license.  

Courtside Financial Podcast
Tesla Drives 2,700 Miles Alone, Work Time Wars Explode, NYC Fares Spike

Courtside Financial Podcast

Play Episode Listen Later Jan 4, 2026 12:33


Sunday January 4th, and three major stories are colliding right now.TESLA'S PHYSICAL TURING TEST:On New Year's Day, Tesla owner David Moss completed the world's first verified "zero-disengagement" cross-country trip. 2,732.4 miles from Los Angeles to South Carolina in a Model 3 with FSD v14.2.1.25. Two days and 20 hours. Not a single human intervention.The car handled highways, city streets, extreme weather, nighttime driving, and automatic parking at Superchargers. This isn't a carefully mapped Waymo route – this is end-to-end autonomy that works anywhere there's a road.But while everyone focused on FSD, Musk quietly pre-installed Grok AI in every Tesla delivered after July 12, 2025. Grok is now the "brain" layer on top of FSD's "muscles." Owners report it:Plans dynamic routes based on real-time preferencesExplains driving decisions ("I'm switching to defensive mode because there's a large puddle ahead")Diagnoses and fixes system errorsSyncs with X accounts for personalized contentThis is Musk's "trinity empire": FSD gave machines muscles and reactions, Grok gave them brains and personality, Optimus gave intelligence a body for action.OpenAI's GPT is trapped in the digital world. Musk has 7 million Teslas collecting real-world data daily, feeding it into Grok, then transferring that knowledge to Optimus robots working in Tesla factories.In November 2025, shareholders approved a compensation package worth up to $1 trillion for Musk over the next decade – 75%+ voted yes. These are true believers.Cybercab production starts April 2026. Using the "Unboxed" manufacturing process, Tesla could reduce cost per vehicle below $20,000. With zero-disengagement FSD, no safety drivers are needed. The business model shifts from "selling cars to users" to "cars making money FOR users" through Robotaxi networks.The computing power moat is real: Musk's xAI Colossus cluster reached 200,000 NVIDIA H100/H200 GPUs by end of 2025, moving toward 1 million. Traditional automakers can't match this. They can't process petabytes of daily video data or iterate algorithms in days instead of weeks.THE WORK TIME WARS:The Return-to-Office wars shifted. It's no longer about WHERE you work – it's about WHEN you work.JLL's 2025 Workforce Preference Barometer surveyed 8,700 workers across 31 countries. Key finding: work-life balance has overtaken salary as the top priority for office workers globally (65%, up from 59% in 2022).High salary is still why people SWITCH jobs. But control over schedule is why they STAY.The "flexibility gap": 57% of employees say flexible hours would improve their quality of life, but only 49% have access to this benefit. That 8-point gap threatens the "psychological contract" between workers and employers.Nearly 40% of global office workers report feeling overwhelmed. Among employees considering quitting in the next 12 months, 57% report suffering from burnout.Management expert Suzy Welch (former Bain consultant, ex-Harvard Business Review editor-in-chief) argues this is generational: "Gen Z thinks, 'I watched my parents and older sister work very hard and still get laid off.' They shouldn't give up too much of their time, because it just may not be rewarded."Smart companies are moving toward "tailored flexibility" – emphasizing autonomy over working hours, not just counting days at a desk. Workers accepted WHERE. Now they're demanding WHEN.NYC FARE HIKES - THE SQUEEZE:Starting today, January 4th, MTA fare hikes went into effect:Base subway/bus fare increased from $2.90 to $3.00Single-ride tickets jumped from $3.25 to $3.50Express bus fares rose from $7.00 to $7.25LIRR and Metro-North monthly tickets up 4.5%For round-trip subway commuters five days a week, that's $5 more per week than in 2015 – about $260 more per year.As of January 1st, you can no longer buy or refill MetroCards. Full transition to OMNY tap-and-go. Later in 2026, MetroCards won't be accepted at all.

Title Agents Podcast
2026 CRE Forecast: What's Next for Office, Retail, Industrial & Multifamily

Title Agents Podcast

Play Episode Listen Later Dec 23, 2025 16:40


If you feel overwhelmed by conflicting commercial real estate forecasts, you're not alone. In this episode, Crosby and Zina cut through the noise by synthesizing insights from nine major industry sources, including CBRE, JLL, NAIOP, NAR Commercial, the Mortgage Bankers Association, and leading financial publications. They break down what's really shaping the 2026 CRE landscape, from tight capital markets and refinancing risk to sector-by-sector performance and the disruptive forces of technology and ESG. The takeaway is clear: commercial real estate is no longer about broad recovery, but about selectivity, function, and future-proof assets   What you'll learn from this episode Why debt availability, not demand, is the biggest factor shaping commercial real estate in 2026 How the upcoming maturity wall is forcing owners to refinance, recapitalize, or reposition assets What cap rate expansion means for pricing, valuations, and stalled deal flow The way the office market is dividing into high-quality assets and functionally obsolete properties Which commercial sectors are positioned to remain resilient despite capital constraints   Resources mentioned in this episode CBRE — Commercial real estate sector outlooks JLL — Global & U.S. CRE forecasts NAIOP — Office absorption & space utilization (Office Space Demand Forecast) MBA — Commercial & multifamily debt forecasts NAR Commercial — Investment & transaction trend analysis Bisnow — CRE technology & ESG coverage (tag hub) Commercial Observer — Capital markets & refinancing analysis CNBC — Macro-economic & real estate market coverage   Connect With Us Love what you're hearing? Don't miss an episode! Follow us on our social media channels and stay connected. Explore more on our website: www.alltechnational.com/podcast Stay updated with our newsletter: www.mochoumil.com Follow Mo on LinkedIn: Mo Choumil Stop waiting on underwriter emails or callbacks—TitleGPT.ai gives you instant, reliable answers to your title questions. Whether it's underwriting, compliance, or tricky closings, the information you need is just a click away. No more delays—work smarter, close faster. Try it now at www.TitleGPT.ai. Closing more deals starts with more appointments. At Alltech National Title, our inside sales team works behind the scenes to fill your pipeline, so you can focus on building relationships and closing business. No more cold calling—just real opportunities. Get started at AlltechNationalTitle.com. Extra hands without extra overhead—that's Safi Virtual. Our trained virtual assistants specialize in the title industry, handling admin work, client communication, and data entry so you can stay focused on closing deals. Scale smarter and work faster at SafiVirtual.com.

Where We Buy: Retail Real Estate with James Cook
StripMallGuy's Standouts: Our Favorite Posts With Don Tepman - Where We Buy #361

Where We Buy: Retail Real Estate with James Cook

Play Episode Listen Later Dec 19, 2025 31:49


Don Tepman, President and Founder of TownCentre Capital and the voice behind the popular @StripMallGuy account, joins the show to revisit and unpack his most notable recent posts. In this episode, Don shares the stories, strategies, and lessons behind his standout social media moments, offering candid insights into the world of strip mall investing. From the power of site visits to the impact of social media on deal flow and the nuances of tax strategy, Don reflects on what makes certain posts resonate. He also discusses engaging with college students, the importance of mentorship, and how authenticity shapes both his online presence and investment approach. James Cook is the Director of Retail Research in the Americas for JLL.  Subscribe: Apple Podcasts | Spotify  Listen: WhereWeBuy.show  Email: jamesd.cook@jll.com  YouTube: http://everythingweknow.show/ Read more retail research here:  http://www.us.jll.com/retail Theme music is Run in the Night by The Good Lawdz, under Creative Commons license.  

The Executive Appeal
EP 200: How Executive Teams Can Drive Ownership Without Overloading Leaders

The Executive Appeal

Play Episode Listen Later Dec 17, 2025 54:26


This special Christmas episode of The Executive Appeal with Alex Tremble features Alex in conversation with Herman Bulls, Vice Chairman, Americas at JLL and founder of the Public Institutions Division, alongside his sons, Herman E. Bulls Jr., Senior Account Executive, and Jonathan Bulls, Account Executive at Microsoft. In the spirit of the season, they share lessons on giving the gift of autonomy to your executive team and helping leaders act independently while staying aligned on strategic priorities.Senior executives often feel like they're the only ones making critical decisions, slowing execution, and creating unnecessary bottlenecks. In this festive edition, the Bulls discuss practical ways to encourage proactive leadership and faster execution, even during high-stakes projects and year-end pressures.Listeners will discover:- How to encourage your team to own problems without constant oversight- Strategies to reduce decision load on top executives- Ways to improve execution speed while keeping alignment- Tips for ending the year strong with more empowered leadersIf you're still the chief problem solver for your exec team or feel like everything rolls up to you, this episode is for you.Celebrate the season by learning how to create a proactive, high-ownership executive team and make your calendar lighter for the year ahead. Listen now and share with another senior leader!

Where We Buy: Retail Real Estate with James Cook
Goop Kitchen: From Ghost Kitchens to IRL Flagships - Where We Buy #360

Where We Buy: Retail Real Estate with James Cook

Play Episode Listen Later Dec 13, 2025 24:02


Adam Rinella is Vice President of Real Estate & Development at Goop Kitchen, the fast-growing, gluten-free fast casual restaurant brand launched by Gwyneth Paltrow's Goop. Rinella discusses Goop Kitchen's origins as a delivery-only concept, its expansion to 13 locations in California, and plans for growth in New York and beyond. He explains the brand's approach to menu development, site selection, and the challenges and opportunities of operating a celebrity-backed restaurant. Rinella also covers Goop Kitchen's innovative prototypes, the importance of high-quality ingredients, and the role of partnerships in scaling the business. James Cook is the Director of Retail Research in the Americas for JLL.  Subscribe: Apple Podcasts | Spotify  Listen: WhereWeBuy.show  Email: jamesd.cook@jll.com  YouTube: http://everythingweknow.show/ Read more retail research here:  http://www.us.jll.com/retail Theme music is Run in the Night by The Good Lawdz, under Creative Commons license.  

The Tech Blog Writer Podcast
3514: How JLL Is Reshaping Commercial Real Estate Through AI

The Tech Blog Writer Podcast

Play Episode Listen Later Dec 10, 2025 34:34


Have you ever wondered what it takes to run technology for one of the largest commercial real estate companies in the world? That question shapes my conversation with Yao Morin, Global CTO at JLL, as we look at how AI is changing the places where we work, shop, and gather. Real estate may seem traditional from the outside, yet inside JLL the pace is intense. With more than 5 billion square feet under management and huge volumes of daily activity, the pressure on property teams is real and the limits of manual work are easy to see. Yao explains how this reality led to the creation of Property Assistant, JLL's new AI solution built on JLL Falcon. Falcon acts as the company's enterprise AI foundation, giving teams a secure and scalable way to use data across global operations. She describes how the platform hides complexity so developers and property teams can work with AI without thinking about which model sits behind it. We talk through everyday examples, like overcrowded meeting rooms and confusing layouts, that the assistant can flag and address through recommendations drawn from live sensor data. The assistant goes far beyond space planning. It helps teams understand rising tenant concerns, patterns in work orders, and hidden risks before they grow into larger operational issues. Yao sees AI as a partner that handles heavy data processing so people can focus on the messy, human context. That balance is central to how JLL builds its tools, and she explains why this approach gives property teams more confidence and clarity in fast-changing environments. We also explore how AI is influencing the future design of buildings. As hybrid work, flexible retail, and rising industrial needs continue to shift demand, AI can gather layouts, analyze usage, and offer guidance at a speed traditional methods cannot match.  This creates a continuous feedback loop that helps teams adjust space before frustrations grow. For Yao, it is a way to bring real-time understanding into a sector that once relied on long cycles and guesswork. Security surfaces often in our conversation. Yao details how Falcon enforces monitoring, privacy controls, and consistency across the company, which is vital when working with sensitive client data across many regions. A centralized platform allows JLL to invest deeply in safeguards rather than spreading risk across scattered tools. She highlights how trust sits at the center of the brand and why it shapes every AI decision they make. As we shift toward the future, Yao shares how JLL is expanding its pipeline to more than fifty AI assistants aimed at productivity, client insight, and sustainability. She gives examples of tools that adjust energy usage and support portfolio planning, offering a view into how AI will support both performance and environmental goals. It is clear that AI has moved from experimentation to daily use inside JLL, with real business impact already taking shape. The episode closes with a powerful reflection on leadership and representation. Yao talks openly about her own journey, the weight of visibility, and how she learned to turn moments of feeling out of place into motivation. She explains why active sponsorship matters, why belonging is a measurable business priority, and how diverse viewpoints reduce blind spots in product design. Her message is heartfelt, practical, and filled with hope for the next generation of leaders. As you listen, I would love to know which part of Yao's story stays with you. Do you see AI changing your own workplace or the spaces you pass through every day? And how do you think better representation shapes the products we build? Share your thoughts and join the conversation. Useful Links Connect With Yao Morin Learn more about JLL Tech Talks Daily is Sponsored By Denodo. To learn more, visit denodo.com

The Data Center Frontier Show
Scaling AI: Adaptive Reuse, Power-Rich Sites, and the New GPU Frontier

The Data Center Frontier Show

Play Episode Listen Later Dec 10, 2025 60:38


In this panel session from the 2025 Data Center Frontier Trends Summit (Aug. 26-28) in Reston, Va., JLL's Sean Farney moderates a high-energy panel on how the industry is fast-tracking AI capacity in a world of power constraints, grid delays, and record-low vacancy. Under the banner “Scaling AI: The Role of Adaptive Reuse and Power-Rich Sites in GPU Deployment,” the discussion dives into why U.S. colocation vacancy is hovering near 2%, how power has become the ultimate limiter on AI revenue, and what it really takes to stand up GPU-heavy infrastructure at speed. Schneider Electric's Lovisa Tedestedt, Aligned Data Centers' Phill Lawson-Shanks, and Sapphire Gas Solutions' Scott Johns unpack the real-world strategies they're deploying today—from adaptive reuse of industrial sites and factory-built modular systems, to behind-the-fence natural gas, microgrids, and emerging hydrogen and RNG pathways. Along the way, they explore the coming “AI inference edge,” the rebirth of the enterprise data center, and how AI is already being used to optimize data center design and operations. During this talk, you'll learn: * Why record-low vacancy and long interconnection queues are reshaping AI deployment strategy. * How adaptive reuse of legacy industrial and commercial real estate can unlock gigawatt-scale capacity and community benefits. * The growing role of liquid cooling, modular skids, and grid-to-chip efficiency in getting more power to GPUs. * How behind-the-meter gas, virtual pipelines, and microgrids are bridging multi-year grid delays. * Why many experts expect a renaissance of enterprise data centers for AI inference at the edge. Moderator: Sean Farney, VP, Data Centers, Jones Lang LaSalle (JLL) Panelists: Tony Grayson, General Manager, Northstar Lovisa Tedestedt, Strategic Account Executive – Cloud & Service Providers, Schneider Electric Phill Lawson-Shanks, Chief Innovation Officer, Aligned Data Centers Scott Johns, Chief Commercial Officer, Sapphire Gas Solutions

The Jon Schultz Podcast: The Myth to Overnight Success

What turns a kid from Brooklyn into a leader who builds and rebuilds big businesses, then starts over again by choice? Meet Mike Tepedino, Founder and Managing Partner of Blue Light Capital, whose path runs from six gritty years in loan workouts on the “what can go wrong” side of real estate became the foundation for everything that followed.We get into the leap to brokerage, the Chinese-restaurant meeting that set up HFF's rise, and the 2019 sale to JLL for about $2 billion, where scale brought new tools and reach but also a fresh look at purpose and timing.Now Mike is building again with Blue Light Capital, stepping into an underserved middle-market bridge space in the roughly $15 to $50 million range, and pairing that with BLNext, a nonprofit that trains college and pro athletes for real estate careers with 150 hours of Excel and Argus plus one-to-one mentors who have walked the path.If you care about discipline, people, and timing, this conversation delivers hard lessons and practical wisdom with zero fluff. Watch the full episode to hear how Mike thinks about focus, why small habits like handwritten notes still matter, and what it takes to start again when everyone thinks you are done. 00:00 – Welcome to the Show00:44 – Who Was “Little Mike”? Early Life & Personality01:38 – Two Defining Moments That Changed His Life03:01 – Discovering Discipline at 1903:48 – Being Forced Out of His Comfort Zone05:41 – Fear of Failure & The Shoebox of Quotes08:15 – Falling in Love With Real Estate as a Kid09:54 – The Mentor Who Changed Everything12:18 – Lessons in Marketing, Relationships & Handwritten Notes16:30 – The Dark Side of Real Estate: Learning From Bad Loans20:51 – Becoming a Broker & Betting on Himself23:02 – The Life-Changing Dinner With Mark Gibson28:53 – Scaling From 50 People to 1,000+30:51 – Surviving the 2008–2009 Financial Crisis33:59 – Joining JLL & Operating at Global Scale35:56 – Knowing When It's Time to Walk Away39:41 – Launching Blue Light Capital45:11 – BLNext: Mentoring the Next Generation of Leaders49:47 – Giving Back, Purpose & Legacy51:57 – How to Connect With Mike & Final ThoughtsMike Tepedino on Socials: IG: @blnextLinkedIn: https://www.linkedin.com/in/mike-tepedino-bluelight/Blue Lights LinkedIn: https://www.linkedin.com/company/blue-light-re/?viewAsMember=trueBL Next LinkedIn: https://www.linkedin.com/company/bl-next/?viewAsMember=trueBlue Lights Website: https://bluelightre.com/BL Next Website: https://blnext.org/Jon on Socials: IG: @thejonschultzpodcastX: @JonSchultzPodLinkedIn: https://www.linkedin.com/company/the-jon-schultz-podcastwww.jonschultz.com

Where We Buy: Retail Real Estate with James Cook
Autolane's Fix For Autonomous Cars and Retail - Where We Buy #359

Where We Buy: Retail Real Estate with James Cook

Play Episode Listen Later Dec 5, 2025 51:34


Ben Seidl, Co-Founder & CEO of Autolane, joins James Cook to discuss how Autolane is addressing the "last 50 feet" challenge for autonomous vehicles in retail environments. Seidl explains how Autolane's platform gives retailers and shopping center owners control over the final approach and parking of driverless cars, aiming to eliminate traffic jams and improve customer experience. He shares insights on the company's collaboration with Simon Property Group, the logistics of deploying their technology at locations such as Stanford Shopping Center and Barton Creek Square, and the broader implications for delivery, curbside pickup, and the future of retail. The conversation also covers the evolving landscape of autonomous vehicle regulation, the role of major automakers and tech companies, and Seidl's vision for a new era of "autonomous commerce." James Cook is the Director of Retail Research in the Americas for JLL.  Subscribe: Apple Podcasts | Spotify  Listen: WhereWeBuy.show  Email: jamesd.cook@jll.com  YouTube: http://everythingweknow.show/ Read more retail research here:  http://www.us.jll.com/retail Theme music is Run in the Night by The Good Lawdz, under Creative Commons license.  

The Charity Charge Show
Leadership and Mission: A Conversation with JLL Vice Chairman Herman Bulls

The Charity Charge Show

Play Episode Listen Later Dec 3, 2025 26:54


In this episode of the Charity Charge Show, Grayson Harris sits down with Herman Bulls, International Director and Vice Chairman at JLL, board leader across several public companies, and long time nonprofit board member. Herman shares how West Point, Army Ranger School, and decades in corporate real estate shaped his approach to leadership, relationship building, and governance.He explains how JLL supports nonprofits and public institutions with real estate strategy, why culture and preparation matter, and what effective nonprofit boards should actually be doing.About Herman Bulls Herman Bulls is an International Director and Vice Chairman at JLL, where he has spent more than 35 years helping senior executives and institutions solve complex real estate challenges. He serves as Vice Chairman of the Board at USAA, Chairman of the Board at Fluence Energy, and sits on the boards of Host Hotels and Comfort Systems USA. Herman is also Vice Chair of the Board of the American Red Cross and Vice Chair of the West Point Association of Graduates, after a distinguished career as an Army officer and finance professor at West Point. ---------------------------About Charity ChargeCharity Charge is a financial technology company serving the nonprofit sector. From the Charity Charge Nonprofit Credit Card to bookkeeping, gift card disbursements, and state compliance, we help mission-driven organizations streamline operations and stay financially strong. Learn more at charitycharge.com.

RNZ: Afternoons with Jesse Mulligan
Supply versus Demand: Finding housing for our elderly

RNZ: Afternoons with Jesse Mulligan

Play Episode Listen Later Dec 1, 2025 9:09


Where are you planning to live when you retire? Stay in your own home as long as possible? Move in with family maybe? Or are you keen to move into a retirement village? Global property firm JLL recently released their 2025 report on the state of New Zealand retirement villages, and it has found that in the next 8 years demand is set to out strip supply by over 11 thousand places. That's a deficit that's only expected to grow as our population ages. WSP fellow and Deputy Director at the Helen Clark Foundation Kali Mercier joins Jesse to discuss.

Tampa Bay Developer Podcast
Why Tampa's Office Market Is Booming While Other Cities Struggle

Tampa Bay Developer Podcast

Play Episode Listen Later Nov 28, 2025 82:50


Jim Moler is the Executive Vice President and Head of Office Agency Leasing for JLL in Tampa, and in this episode he breaks down why Tampa's office market is outperforming the rest of the country. Jim explains the surge in Class A demand, record-setting leases, the impact of workforce migration, and how developments like Water Street and GasWorx are reshaping where companies want to be. He also covers why employers follow talent, how the University of Tampa is fueling the pipeline, and what rising population, amenities, and urban living mean for the future of Tampa's growth.0:00:00 - Intro0:04:57 - Office Development0:25:12 - Metropolitan Statistic Area0:42:56 - Demand0:52:01 - UT Graduates1:00:44 - Future Challenges1:18:14 - Outro

Monocle 24: The Urbanist
Testing the pressure on our cities with the 2025 Workforce Preference Barometer

Monocle 24: The Urbanist

Play Episode Listen Later Nov 27, 2025 29:47


JLL’s Sue Asprey Price joins us to discuss the findings from the Workforce Preference Barometer 2025. Then Charlotte McDonald-Gibson reports on the challenges of training for combat in urban environments.See omnystudio.com/listener for privacy information.

Dumb, Gay Politics
The Great Thanksgiving Cope

Dumb, Gay Politics

Play Episode Listen Later Nov 25, 2025 63:52


This week, Julie & Brandy discuss Trump signing the Epstein bill, Marjorie Taylor Greene's retirement announcement, and how to deal with the nightmare of the holidays. *******CHECK OUT FREE EPISODES OF JULIE & BRANDY'S PATREON PODCAST**********DEALS FROM OUR SPONSORS:NUTRAFOL HAIR SUPPLEMENTS: Get $10 off your first month's subscription + free shipping. Go to www.Nutrafol.com and enter promo code DGP at checkout**********FOLLOW JULIE ON INSTAGRAM & TWITTER****FOLLOW BRANDY ON INSTAGRAM & TWITTER***CHECK OUT THEIR T-SHIRTS!***EMAIL THEM! JulieBrandyPodcast@gmail.com******* Dumb Gay Politics with Julie & Brandy **** Dumb Gay Podcast with Julie & Brandy **** Julie Goldman **** Brandy Howard **** Julie and Brandy *** The People's Couch *** DGP *** Gay Podcast *** Political Podcast *** Lesbian *** Bravo *** Housewives *** Queer *** Liberal **** LGBTQ **** Killer Burlesque *** Host *** Portland *** Denver *** Nightmare on Strip Street *** Funny *** Comedy *** Democrat *** Progressive *** Comedian *** Jewish *** Politics *** Left *** San Francisco ***See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Where We Buy: Retail Real Estate with James Cook
Building the Primark Brand in America - Where We Buy #358

Where We Buy: Retail Real Estate with James Cook

Play Episode Listen Later Nov 20, 2025 32:29


Rene Federico is US Head of Marketing at Primark, the global fashion retailer known for its affordable, stylish offerings. Federico discusses Primark's growth in the US, including its expansion plans and the unique in-store experience that sets the brand apart. She shares insights on adapting Primark's messaging for American consumers, the importance of brick-and-mortar retail, and the company's first US brand campaign. Federico also covers strategies for building brand awareness, the role of social media and influencer marketing, and what shoppers can expect when visiting a Primark store. James Cook is the Director of Retail Research in the Americas for JLL.  Subscribe: Apple Podcasts | Spotify  Listen: WhereWeBuy.show  Email: jamesd.cook@jll.com  YouTube: http://everythingweknow.show/ Read more retail research here:  http://www.us.jll.com/retail Theme music is Run in the Night by The Good Lawdz, under Creative Commons license.  

Where We Buy: Retail Real Estate with James Cook
Primaris REIT's $3.3 Billion Mall Buying Spree with CEO Alex Avery - Where We Buy #357

Where We Buy: Retail Real Estate with James Cook

Play Episode Listen Later Nov 14, 2025 35:51


Alex Avery is CEO of Primaris, the only Canadian REIT focused exclusively on enclosed shopping centers. Alex discusses Primaris REIT's growth strategy, recent acquisitions, and the unique dynamics of the Canadian mall market. He explains the company's approach to capital allocation, the importance of scale in mall ownership, and how Primaris REIT is navigating the evolving retail landscape. Avery also covers the impact of department store closures, the role of entertainment and technology in shopping centers, and what makes for a dominant mall in Canada. James Cook is the Director of Retail Research in the Americas for JLL.  Subscribe: Apple Podcasts | Spotify  Listen: WhereWeBuy.show  Email: jamesd.cook@jll.com  Watch video podcasts and retail research tours here: http://everythingweknow.show/ Read more retail research here:  http://www.us.jll.com/retail Theme music is Run in the Night by The Good Lawdz, under Creative Commons license.

Leadership Next
JLL CEO Christian Ulbrich on Smart Buildings, AI and Global Housing Challenges | Leadership Next

Leadership Next

Play Episode Listen Later Nov 11, 2025 39:05


JLL's Global CEO and President Christian Ulbrich sat down with Fortune's Diane Brady and Kristin Stoller to discuss global housing affordability challenges, Zohran Mamdani's victory, and the relationship between governments and developers.On this week's episode of Leadership Next, Ulbrich also gives his predictions about the future real estate trends.“You enter a building and a camera will detect you. The building will know where you are, what you are using, where you spend your time. Everything will be measured, and that can be scary…” JLL CEO Christian Ulbrich says. “…But on the other hand, it is very beneficiary, because we will be able to operate those buildings at a much lower cost level.”

Where We Buy: Retail Real Estate with James Cook
Second Horizon's Community-Driven Approach to Revitalizing Malls - Where We Buy #356

Where We Buy: Retail Real Estate with James Cook

Play Episode Listen Later Nov 7, 2025 35:05


Howard Levine and Camilo Varela are Managing Partners and Co-Founders of Second Horizon Capital, a company focused on revitalizing underinvested retail properties into vibrant community destinations. They discuss their approach to impact investment, the origins of Second Horizon Capital, and their growing portfolio of malls and lifestyle centers across the United States, including Chicago Ridge Mall and Stony Point Fashion Park. They share insights on community engagement, sustainability initiatives, and the challenges and rewards of transforming retail centers. The conversation also covers their investment philosophy, the importance of local partnerships, and the future of retail real estate. James Cook is the Director of Retail Research in the Americas for JLL.  Subscribe: Apple Podcasts | Spotify  Listen: WhereWeBuy.show  Email: jamesd.cook@jll.com  YouTube: http://everythingweknow.show/ Read more retail research here:  http://www.us.jll.com/retail Theme music is Run in the Night by The Good Lawdz, under Creative Commons license.  

Dumb, Gay Politics
MTG vs DJT

Dumb, Gay Politics

Play Episode Listen Later Oct 14, 2025 58:37


This week's episode is another dud. It's choppy and under-researched, with too many ads and not enough laughs. Topics include: Marjorie Taylor Greene dabbling in Democrat, War-Receptionist Pete Hegseth continuing to be an insecure MAGA Moron, and Jeffrey Epstein faking his own death. It had potential. Maybe Julie & Brandy are just too sober. *******CHECK OUT FREE EPISODES OF JULIE & BRANDY'S PATREON PODCAST**********FOLLOW JULIE ON INSTAGRAM & TWITTER****FOLLOW BRANDY ON INSTAGRAM & TWITTER******CHECK OUT THEIR T-SHIRTS!***EMAIL THEM! JulieBrandyPodcast@gmail.com**************DEALS FROM OUR SPONSORS:NUTRAFOL HAIR SUPPLEMENTS: Get $10 off your first month's subscription + free shipping. Go to www.Nutrafol.com and enter promo code DGP at checkout ********** Dumb Gay Politics with Julie & Brandy **** Dumb Gay Podcast with Julie & Brandy **** Julie Goldman **** Brandy Howard **** Julie and Brandy *** The People's Couch *** DGP *** Gay Podcast *** Political Podcast *** Lesbian *** Bravo *** Housewives *** Queer *** Liberal **** LGBTQ **** Killer Burlesque *** Host *** Portland *** Denver *** Nightmare on Strip Street *** Funny *** Comedy *** Democrat *** Progressive *** Comedian *** Jewish *** Politics *** Left *** San Francisco ***See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.