Podcasts about office spaces

What do you think you know about measuring foot traffic? In this episode of Retail Retold, Chris Ressa and Carla Henson, Vice President of Solutions at MRI Software discuss the evolution of foot traffic analytics, the integration of AI in retail, and how data can optimize customer experiences. Carla shares insights on the potential of visual AI in understanding consumer behavior and the importance of capturing accurate data for better decision-making in retail and office spaces. TakeawaysCarla Henson is the Vice President of Solutions at MRI Software, focusing on strategy and go-to-market initiatives.MRI Software is known for property management and supports clients across various segments, including residential and commercial real estate.AI is increasingly being integrated into personal and professional lives, enhancing productivity and decision-making.Visual AI technology allows for detailed foot traffic analysis, linking to existing security cameras to track customer behavior.Understanding foot traffic is crucial for retailers to optimize marketing strategies and improve customer experiences.Capture rates are essential metrics for retailers to measure the effectiveness of their storefronts and marketing efforts.Data-driven insights can reveal discrepancies in perceived versus actual customer demographics.The evolution of technology has shifted expectations from personal to professional environments, impacting how businesses adopt new tools.AI has been in development since the 1950s, but its accessibility and application in retail are relatively new.The future of data analytics in retail and office spaces holds significant potential for optimizing space usage and enhancing customer engagement.Chapters00:00 Introduction to MRI Software and Carla Henson07:25 The Role of AI in Retail and Personal Life10:58 Understanding Foot Traffic: Potential, Performance, and Optimization17:09 The Future of Data in Retail and Office Spaces

A dirty office doesn't just look bad—it can lead to more sick days, lower productivity, and a not-so-great impression on visitors. Lehigh Valley Property Maintenance (717-298-7157) offers top-tier commercial cleaning services for businesses in Palmyra, Hershey, and Harrisburg, PA. Click https://lehighvalleypm.com/ now. Lehigh Valley Property Maintenance LLC City: Palmyra Address: 1126 E Maple Street Website: https://lehighvalleypm.com Phone: +1 7172987157 Email: matt@lehighvalleypm.com

Bio Jeffrey Zell founded JM Zell Partners, Ltd in 1989, with a unique vision for providing client-centered real estate consulting. Developed over his 30-year career, Jeff's innovative approach to delivering practical solutions while fostering meaningful client relationships forms the core of JM Zell's value-added process. Jeff believes that only by partnering with clients and truly understanding their business as well as their real estate needs can JM Zell provide long-range, comprehensive, unbiased advice. By evaluating factors including a client's long-term needs, financial objectives, and corporate culture, JM Zell is able to provide customized, proactive and fiscally responsible solutions for major corporations, institutional investors, professional firms, unions, governmental institutions and not-for-profit organizations. To fully realize his vision, Jeff attracted a diverse, multi-disciplinary staff of seasoned professionals who share in his philosophy (and in the profits of the company, based on client satisfaction and results). This collective approach ensures that everyone at JM Zell works for the common good, and that our client's best interests are never compromised. Jeff has provided strategic planning, investment, lease negotiation, development consulting and project management services for award-winning projects for over 25 years. Jeff's greatest strengths are his creative strategic thinking, business acumen, transactional ability, marketing savvy and financial expertise. A member of the distinguished Counselors of Real Estate, available only to the most respected real estate specialists who are known for innovation and creative problem solving, Jeff is a licensed real estate broker in the District of Columbia, Maryland and Virginia. Show Notes Current Role and Origin Story Current Role Overview (5:00) Jeff Zell shares his role as President and CEO of JM Zell Partners and his time allocation. Upbringing and Early Influences (00:05:37) Jeff discusses his upbringing as a first-generation American and its impact on his career. Family Background (00:05:49) He shares his parents' history as Holocaust survivors and their immigration journey. Multilingual Childhood (00:06:06) Jeff describes growing up in a multilingual household and the challenges it posed in school. Early Education Experience (00:08:01) He recounts his initial struggles in elementary school due to language barriers. Father's Influence and Business Start (00:10:07) Jeff talks about his father's successful woodworking business and his early involvement. Transition to Private School (00:10:20) He explains his move to a private boarding school for better educational support. College Journey at Syracuse (00:11:00) Jeff discusses his choice of Syracuse University amidst family expectations. Learning Style and Strengths (00:12:30) He reflects on discovering his strengths in verbal skills over written documentation. Graduate School Experience (00:15:45) Jeff shares his challenges in graduate school at GW and the lack of collaboration. Career Beginning- Rubloff Entry into Real Estate Brokerage (00:17:00) He explains his decision to enter the real estate brokerage field (David W. Kornblatt Co., subsequently acquired by Rubloff) influenced by his father. Early Career in Industrial Brokerage (00:18:45) Jeff recounts starting as an industrial broker and his experiences in the field. Met Bill Janes on his first day Property Management Growth (00:19:45) He discusses the growth of the property management company he was involved with with Equitable Life and Prudential Insurance as clients Establishing Rubloff's Tenant Brokerage Services (00:23:00) Jeff describes the launch of a tenant brokerage services group and its significance. The Logistics of Real Estate (00:23:40) Discussion on the importance of understanding logistics in real estate operations with Federal Express as his client. Tenant Representation and Property Management (00:24:30) Overview of tenant representation and the challenges of managing landlord-tenant conflicts. JM Zell Partners Formation of JM Zell Partners (00:25:00) Jeff shares how he transitioned from his previous company, Rubloff, to establish JM Zell Partners. Surviving the Early 90s Market Collapse (00:26:00) Strategies Jeff employed to navigate the real estate downturn through consultancy services. Consultative Services Approach (00:27:10) Focus on providing tailored consulting services to clients facing real estate challenges. Nonprofits Became Largest Client Sector (30:00) The sector had capital and needed real estate advisory services Client-Centric Business Model (00:33:15) Jeff explains the core principle of prioritizing client needs over brokerage commissions. Building a National Business (00:37:00) Insights into how Jeff expanded his firm's reputation beyond Washington, D.C. Challenges of Innovative Business Models (00:39:30) Jeff discusses initial hurdles in getting clients to pay for consulting services. Integrating Client Needs into Solutions (00:41:30) Importance of aligning real estate solutions with clients' long-term objectives and corporate culture. Significant Transactions Sanofi $2.3 Billion transaction (42:00) Cambridge, MA Build to Suit deal he procured. Norfolk Southern and Carlyle Site Deal (00:44:00) Discussion about representing Norfolk Southern and the complexities of a significant land deal. Bill Hard Mention of Bill Hard's involvement in previous deals (USPTO) and his retirement. $2.3 Billion Deal Insights (00:44:30) Insights on how a massive deal was accomplished outside of Washington. Sanofi's Rebate Strategy (00:46:30) Discussion on the financial benefits and rebate strategies with Sanofi over the years. Client Relationships and Trust (00:44:12) Reflections on building long-term relationships with clients and the importance of trust. Meridian's Complex Deals (00:47:30) Exploration of the complexities involved in deals with Meridian and SAIC. TTC Building Sale Success (00:50:00) Success story about selling the TTC building at a significantly higher price. Bid Strategy Differences (00:52:20) Explanation of the unique bidding strategy that differentiates their approach from competitors. Fannie Mae Deal Challenges (00:52:45) Challenges faced during the bidding process for a Fannie Mae deal. Pandemic Impact & Recent Federal Government Actions Post-Pandemic Client Needs (00:59:45) Discussion on how the pandemic has altered clients' real estate needs, especially in DC. Law Firms and Market Changes (01:00:30) Insight into the shrinking size of law firms and their changing needs. Future of Office Spaces (01:02:30) Predictions on the transformation of office spaces and the rise of non-profit organizations. Current Challenges in Government (01:03:50) Discussion on the cascading effects of government actions and potential job losses impacting the community. Control Board in D.C. (01:04:40) Concerns about the future of D.C. governance and the possibility of a control board taking over. Zoning Issues (01:05:30) Challenges with zoning changes and lengthy appeal processes affecting development projects. Market Implications Impact of Remote Work (01:06:30) Advising clients on office space optimization amidst the rise of hybrid and remote work models. Technology in Real Estate (01:07:00) How clients leverage technology for efficient real estate operations and portfolio management. Conference Room Dynamics (01:08:00) The evolving role of conference rooms in office settings and personal negotiation preferences. Adaptive Reuse of Properties (01:10:45) Challenges and opportunities in repurposing office buildings for different uses. Value of Parking Garages (01:11:30) Discussion on the rising value of parking garages in urban real estate markets. Future of Office Space (01:15:45) Exploration of the potential transformation of old federal office spaces into mixed-use developments. Challenges in Mixed-Use Developments (01:17:00) Impact of high interest rates on the success of mixed-use projects in Washington D.C, particularly The Wharf. Debt Market Concerns (01:20:00) Concerns about new debt products and their potential impact on the real estate market. Public-Private Partnerships (01:21:00) Discussion on the future of public-private partnerships in D.C. and current project challenges. Business Philosophies Significant Contributions to Real Estate Consulting (01:21:40) Highlighting the evolution of real estate consulting services and successful project execution strategies. Outsourcing and Collaboration (01:20:59) Jeff discusses the importance of collaboration and aligning interests when working with corporations. Advice for Aspiring Entrepreneurs (01:24:00) Jeff advises professionals to be well-rounded and understand all aspects of real estate. Understanding Real Estate Dynamics (01:24:30) He emphasizes the significance of understanding various real estate functions, including debt and property maintenance. In-House Legal Support (01:26:00) Jeff explains the necessity of having internal legal expertise to manage complex documentation. Flexibility in Leasing (01:27:45) He shares strategies for creating flexible leasing agreements to accommodate changing business needs. Personal Priorities Transitioning Leadership (01:29:30) Jeff reveals plans to hand over his company to his son and his ongoing involvement. Life Priorities (01:30:30) He discusses the balance between family, work, and charitable giving in his life. Reflections on Washington D.C. (01:30:39) Jeff expresses his love for Washington D.C. and its cultural richness, highlighting its unique qualities. Similar Episodes Bob Cohen Tom Fulcher Sharon Oliver Bill Janes

Season 2, Episode 7: On this episode of the No Cap Podcast, hosts Jack Stone and Alex Gornik are joined by Chris Burnham, CEO of StorageMart, the world's largest privately owned self-storage company. Chris shares the journey from his father's humble real estate beginnings to growing StorageMart into a multibillion-dollar empire, including the $3.2B acquisition of Manhattan Mini Storage. Chris dives into the industry's evolution, from strategic partnerships to adaptive reuse and technological advancements, and discusses the ongoing challenges facing the self-storage sector—like declining home sales and market saturation. CHAPTERS: 00:00 – Introduction 0:26 -- Cris Burnam's Journey with Storage Mart 06:08 – Hostile Takeover and Major Acquisition 13:36 – The $7.5 Billion Self-Storage Partnership 25:10 – Adaptive Reuse of Office Spaces for Self-Storage 33:18 – Iconic Billboard Strategy 37:34 – Declining Home Sales and Storage Auctions 45:03 – International Self-Storage Growth 54:50 – The Future of Self-Storage and Market Shifts We want to thank our sponsor Greysteel.  For more episodes of No Cap by CRE Daily visit https://www.credaily.com/podcast/ Watch this episode on YouTube: https://www.youtube.com/@NoCapCREDaily About No Cap Podcast Commercial real estate is a $20 trillion industry and a force that shapes America's economic fabric and culture. No Cap by CRE Daily is the commercial real estate podcast that gives you an unfiltered ”No Cap” look into the industry's biggest trends and the money game behind them. Each week co-hosts Jack Stone and Alex Gornik break down the latest headlines with some of the most influential and entertaining figures in commercial real estate. About CRE Daily  CRE Daily is a digital media company covering the business of commercial real estate. Our mission is to empower professionals with the knowledge they need to make smarter decisions and do more business. We do this through our flagship newsletter (CRE Daily) which is read by 65,000+ investors, developers, brokers, and business leaders across the country. Our smart brevity format combined with need-to-know trends has made us one of the fastest growing media brands in commercial real estate.

Today on the News Reel, we speak with Doug McMurdo, editor of the Times-Independent, about a protest that took place at Arches National Park recently. We also discuss upcoming federal office space closures in Moab for the National Park Service, the United States Forest Service, and the United States Geological Survey. Plus, we give updates about the Moab Area Transit schedule and a save-the-date for a volunteer day to clean up some local trails.

Today, I chat with Ray White's Chief Economist, Nerida Conisbee, about her 10 predictions for our property markets for 2025 One or two of these may surprise you. Takeaways 2024 was a surprisingly strong year for property markets. Interest rates are expected to decrease in 2025. Established property values need to increase in value to match construction costs before substantial new construction will commence. The luxury market is experiencing a slowdown due to high interest rates. Retail properties are showing signs of recovery post-COVID. Mortgage brokers are becoming essential in the home buying process. Private investors are stepping up in the commercial market. Established properties need to increase in value to match construction costs. The Gold Coast is emerging as a strong market for luxury properties. The commercial lending space is becoming more competitive. Chapters 04:28 Interest Rates and Economic Predictions for 2025 07:14 Market Dynamics: Listings and Buyer Behavior 10:21 Luxury Market Trends and Shifts 12:42 Commercial Real Estate Insights 14:51 The Future of Office Spaces 17:58 The Rise of Mortgage Brokers 20:26 Commercial Lending Landscape 23:30 Challenges and Opportunities Ahead 25:43 The Power of Think Week 28:31 Adopting the Think Day Links and Resources:   Michael Yardney  Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us  Nerida Conisbee – Chief Economist Ray White     Ray White's 2025 Property Outlook Report   Get a bundle of free reports and eBooks – www.PodcastBonus.com.au    Also, please subscribe to my new podcast Demographics Decoded with Simon Kuestenmacher – just look for  Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future.  Shownotes plus more here: What 2025 Holds for Australia's Property Market. Discover Ray White's 10 Predictions  

Welcome to the CRE podcast. 100% Canadian, 100% commercial real estate. In this episode of the Commercial Real Estate Podcast, Adam and Aaron sit down with Maxim Olshevsky, CEO of Astra Group Corp. They explore the challenges and triumphs of converting underutilized office spaces into vibrant residential units in Calgary. Maxim shares his journey in... The post Challenges and Triumphs of Converting Unused Office Spaces to Vibrant Residential Units with Maxim Olshevsky, CEO of Astra Group Corp appeared first on Commercial Real Estate Podcast.

Wie sieht die Zukunft der Büroarbeit aus – und welche Rolle spielen Co-Working Spaces dabei?Anna und Robindro sprechen in dieser Episode von WORKolution mit Markus Hummelsberger, dem Gründer von 1000 Satellites GmbH, über moderne Office Spaces, den „Return to Office“. Gemeinsam werfen sie einen Blick auf Markus Unternehmen 1000 Satellites, dass das Thema Office- und Co-Working-Spaces neu gedacht haben, und diskutieren, wie flexible Arbeitsmodelle und inspirierende Räume die Produktivität und Zusammenarbeit fördern können. All das und noch viel mehr erfahrt ihr in dieser Episode von WORKolution.____________WORKolution findet ihr jetzt bei Social Media!!!Findet jetzt noch mehr Content und exklusive Videos.Instagram: Workolution.podcastTikTok: workolution.podcast____________Findet hier unsere aktuellen Werbepartner: https://linktr.ee/Workolution____________Ihr habt Fragen an Anna & Robindro oder wollt ihnen schreiben wie gut euch der Podcast gefällt, dann schreibt einfach eine Mail an workolution@trendence.comOder meldet euch bei den beiden per LinkedIn:Anna Janina MeyerRobindro UllahDes Weiteren könnt ihr den Podcast auf allen Portalen der FUNKE Medien Gruppe und überall wo es Podcasts gibt finden. Hosted on Acast. See acast.com/privacy for more information.

Summary: In this conversation, Jules discusses the evolution of workspaces during COVID and the strategies for building a tech-focused team at Tally Workspace. The discussion also covers the future of hybrid work models, the importance of sustainability in workspace solutions, and the anticipated growth of co-working spaces. Jules emphasizes the need for flexibility in work arrangements and the increasing demand for quality office environments that cater to modern employee expectations. Chapters: 00:00 Introduction to Jules and Her Journey 05:00 The Birth of Tally Workspace: A New Workspace Concept 07:15 Lessons from Soldo: Conviction and Philosophy 18:12 Building a Tech-Focused Team 24:22 The Future of Office Spaces and Employee Expectations 30:03 Sustainability in Workspace Solutions 36:23 The Future of Co-Working and Tally's Growth www.linkedin.com/in/julestallyworkspace www.tallyworkspace.com

Eric Siu had an epic conversation with Anthony ‘Pomp' Pompliano about Bitcoin — your defense against inflation. Pomp shares his personal insights on building wealth, timeless life lessons he has written for his kids, and the secrets to a sustainable business culture driven by profit, purpose, and a no-BS approach. Watch the full interview here: hhttps://youtu.be/NloneMFcBz8 TIME-STAMPED SHOW NOTES: (00:00) The Impact of Bitcoin on Personal Finance (04:48) Investing Strategies for an Extraordinary Life (09:57) Lessons from Writing Letters to My Children (15:02) Building a Timeless Book and Its Marketing (20:05) The Business of Incubation and Investment (31:19) The Value of Consistent Acquisitions (34:30) Profitability as a Core Principle (37:53) Decentralized Decision-Making (40:12) Learning Through Collaboration (44:30) De-risking Entrepreneurship (48:46) The Misconception of Holding Companies (01:00:28) Caring Leadership in Business (01:02:52) Building a Strong Company Ethos (01:03:50) Documenting Company Culture vs. Prescribing It (01:05:10) The Importance of Substance Over Hype (01:06:35) Maturity in Business and Entrepreneurship (01:07:57) Learning from Generational Experiences (01:09:56) Financial Literacy and Business Health (01:12:50) Weekly Updates and Accountability (01:15:14) Creating Clarity Through Documentation (01:17:10) Incentives and Partner Success (01:18:04) Learning from Complex Personalities (01:20:21) The Shift in Professional Presentation (01:25:29) The Impact of Environment on Ambition (01:29:11) Changing Perspectives on Office Spaces and Patience Don't forget to help us grow by subscribing and liking on YouTube! https://www.youtube.com/channel/UC3owDdLk7HL1dyQnkoBuRew  — What should I talk about next? Who should I interview? Please let me know on X. Did you enjoy this episode? If so, please leave a short review here Subscribe to Leveling Up on iTunes   Connect with Eric Siu:    Growth Everywhere Newsletter Single Grain - Eric's Marketing Agency Eric Siu on X Eric Siu on Instagram

Tharun Mohan is the Founder, President & CEO, of Quantum Strides LLC, an IBM Sustainability Software Business Partner specializing in solutions for Real Estate & Asset Management, Capital Projects, Space & Move Management, Operations & Maintenance, and Sustainability. In this episode, KJ and Mohan discuss the importance of empathy and understanding unmet needs for disruptive innovation. Mohan shares how optimizing workspace and asset management by using AI and technology can offer advanced technology to mid-market companies at a fraction of the cost.   Key Takeaways: 02:59 The Importance of Workspace Management Systems 05:06 Quantum Strides LLC: Revolutionizing Real Estate Management 07:15 Post-COVID Workspace Challenges and Solutions 14:34 The Future of Office Spaces 16:27 Making Technology Accessible for Mid-Market Companies     Quote of the Show (26:00): "True disruption stems from empathy." - Tharun Mohan   Join our Anti-PR newsletter where we're keeping a watchful and clever eye on PR trends, PR fails, and interesting news in tech so you don't have to. You're welcome.   Want PR that actually matters? Get 30 minutes of expert advice in a fast-paced, zero-nonsense session from Karla Jo Helms, a veteran Crisis PR and Anti-PR Strategist who knows how to tell your story in the best possible light and get the exposure you need to disrupt your industry. Click here to book your call: https://info.jotopr.com/free-anti-pr-eval   Ways to connect with Tharun Mohan LinkedIn: https://www.linkedin.com/in/tharun-mohan-9293041/ Company Website: https://www.quantumstrides.com Company LinkedIn: https://www.linkedin.com/company/quantum-strides-llc/      How to get more Disruption/Interruption:  Amazon Music - https://music.amazon.com/podcasts/eccda84d-4d5b-4c52-ba54-7fd8af3cbe87/disruption-interruption Apple Podcast - https://podcasts.apple.com/us/podcast/disruption-interruption/id1581985755 Spotify - https://open.spotify.com/show/6yGSwcSp8J354awJkCmJlDSee omnystudio.com/listener for privacy information.

Mr. Yatin Patel, Founder and Principal of DSP Design Associates and Kalagate Collective, a pioneering architectural firm with over 30 years of experience. Under his visionary leadership, DSP Design has expanded its reach across multiple continents, delivering exceptional architecture and interior design solutions in various sectors, including master planning, hospitality, commercial spaces, and education. In this episode, we will explore topics such as project acquisition strategies, the process of space reduction, the evolution of office environments, and upcoming changes in the field. We'll also discuss how to plan sustainable projects, shifts in the market pre- and post-COVID, managing large-scale projects worth 1 million square feet, the concept of luxury in real estate, hospitality culture, the Alibag market, Kalagate collectives, and much more related to real estate architecture. 00:00 Trailer 01:30 Introduction 02:05 Educational Background 04:51 Career Journey After Education 12:26 Shift from Acquisition to Word of Mouth 15:14 Approach to Project Management 19:04 Space Reduction Process 20:38 Evolution of Office Environments 23:47 Upcoming Changes in Office Spaces 25:10 Sustainability Planning 26:34 Changes Pre- and Post-COVID 28:49 Managing from 10,000 to 1 Million Square Feet 30:52 Overview of DSP Design Services 32:38 Role in Each Project 34:47 The True Essence of Luxury 36:42 Managing Luxury Projects 39:02 Evolution of Hospitality Culture 41:40 Transitioning from Designer to Builder in Alibag market 44:09 Kala Gate Collectives 46:01 Vision on Kala Gate Collectives 46:24 Organizational Culture 47:09 Types of Projects Undertaken 48:22 Vision for the Next 10 Years 50:10 Challenges in Constructing Tall Buildings 52:29 Conclusion Host Krish Jain, Head management at H.Rishabraj Instagram: ⁠https://www.instagram.com/speakingrealestate/ ⁠Facebook: ⁠https://www.facebook.com/profile.php?id=61551195292538 ⁠Linkedin:⁠ https://www.linkedin.com/in/krish-harish-jain/ ⁠Guest Mr. Yatin Patel, Founder and Principal of DSP Design Associates and Kalagate Collective Instagram:https://www.instagram.com/aryatinpatel/ https://www.instagram.com/dspdesignassociates/ https://www.instagram.com/kalagatecollective/

Does your office space need improvement? Gavin and Ryan discuss some common issues with office spaces and the best ways to fix them. Video By: More Than Media - www.morethan.media Instagram: https://www.instagram.com/morethan.media/ TikTok: https://www.tiktok.com/@morethan.media YouTube: https://www.youtube.com/@morethanmedia_ The S.O.U.N.D. Project Podcast: Apple Podcasts: https://podcasts.apple.com/us/podcast/the-sound-project/id1680525959 Spotify: https://open.spotify.com/show/6dkk1s642VFjZGsdYGyxBP Google: https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kZTBiZGNlOC9wb2RjYXN0L3Jzcw Full episodes playlist: https://www.youtube.com/playlist?list=PLghfvh2wd7A9MnVKr44jtPEg0qcZ1esTF Keep up with us on our Socials: - YouTube: https://www.youtube.com/@haverstickdesigns - Instagram: https://www.instagram.com/haverstickdesigns/ - Facebook: https://www.facebook.com/HaverstickDesigns - TikTok: https://www.tiktok.com/@haverstickdesigns - LinkedIn: https://www.linkedin.com/company/haverstick-designs/ - Linktree: https://linktr.ee/haverstickdesigns - Website: https://www.haverstickdesigns.com/

Wayne Turmel is joined by Sam Rosen, the founder of Deskpass, to explore how the office landscape has changed in recent years. Sam shares his journey from opening one of Chicago's first co-working spaces to developing tools that connect companies and remote workers with flexible workspaces. They discuss the evolving role of offices, how companies can make strategic real estate decisions, and the benefits of offering co-working options to remote and hybrid teams. Sam also dives into the differences between designing workspaces with a human-centered approach versus the traditional real estate mindset. Tune in to discover how you can leverage flexible spaces to improve productivity and retain top talent. Key Takeaways Flexible workspaces provide a valuable alternative to traditional offices, offering professional environments tailored to diverse work needs. A human-centered design approach prioritizes worker needs over merely filling office space, unlike traditional real estate perspectives. Companies are reducing their office footprints to save costs while using co-working spaces to maintain access to professional environments. Proximity and convenience are key benefits of co-working spaces, making them ideal when working from home isn't suitable. In-person meetings should be reserved for deep collaboration or cultural reinforcement, with a focus on asynchronous work whenever possible. Successful remote companies prioritize culture, communication tools, and processes over physical office space. Access to flexible workspaces helps attract and retain talent, expanding the hiring pool and supporting employees' varied work preferences. Featured Guest Name: Sam Rosen Bio: Sam Rosen is the co-founder and CEO of Deskpass, an online marketplace connecting teams and individuals to thousands of coworking spaces and conference rooms across the country. A creative problem solver, Sam's passion for coworking began with co-founding The Coop, Chicago's first coworking space, and he has since become a recognized entrepreneur and voice in the design community. Prior to Deskpass, he co-founded The Post Family art collaborative and One Design Company, a digital branding agency that blends research, communication, and design for top brands. https://www.linkedin.com/in/sammyrosen/ https://www.deskpass.com/ Timestamps 00:00 Introduction to Sam Rosen and Deskpass 01:03 Sam's Background in Co-Working and Design 02:05 The Evolution of Office Spaces and Remote Work 03:19 Design vs. Real Estate: What's the Difference? 04:51 Advantages of Co-Working Spaces 07:09 How to Use Deskpass for Remote Work Travel 08:17 Making Flexible Workspaces Work for Your Company 10:00 Real-Life Examples of Deskpass in Action 13:15 Keeping Culture Alive in Remote Teams 17:19 Deciding When to Meet In Person 19:08 Conclusion and Resources Related Episodes What is Culture? Beyond the Office Walls: Mastering Remote Work with Jeanna Barrett Global Office, Family Home: Remote Work Lessons from a Digital Nomad Family with Chris Stroud Designing a Winning Culture for Remote Teams: Insights from the Authors of The Long-Distance Team Additional Resources Learn more about Wayne Turmel Email Wayne Turmel Connect with Wayne Turmel on LinkedIn Purchase a copy of The Long-Distance Leader Purchase a copy of The Long-Distance Teammate Purchase a copy of The Long-Distance Team The Kevin Eikenberry Group Subscribe to Long-Distance Worklife wherever you listen to podcasts. If you enjoyed this episode, please take a moment to rate the show 5 stars and leave a review! Connect with us: Instagram: https://www.instagram.com/longdistanceworklife/ YouTube: https://www.youtube.com/channel/UC2P22kW5iaX8zU3B0-HVCUA Website: https://longdistanceworklife.com/  TikTok: https://www.tiktok.com/@longdistanceworklife    Join us for a powerful, 4-part video series titled, Demystifying Remote Leadership. You will learn how to create solid working relationships in a virtual team with more confidence and less stress! Sign up: https://longdistanceworklife.com/video   Want us to answer one of your questions? Contact Us!  

EP 343 - Oil markets expert and CEO of Onyx Capital Group, Greg Newman is in the the quiz seat to discuss and debate various business terms: office spaces in the metaverse, Xmas bonuses, flying for meetings, drinking at work and offshore tax havens are all on the table. "Business or Bullshit?" is the question!Chapters:00:00 Business or Bullshit with Greg Newman00:37 Office Spaces in the Metaverse: Yay or Nay?00:58 Xmas Bonuses02:12 Who Still Flies for One Meeting?02:43 The Reluctance to Use Telephones03:15 Drinking at Lunch: A Trader's Perspective05:09 Offshore Tax Havens and Tax Fairness08:11 Conferences and the Oil Industry10:49 The Importance of Integrity in Business11:43 Balancing Work and Family12:44 Wrap Upbusinesswithoutbullshit.meWatch us on YouTubeFollow us:InstagramTikTokLinkedinTwitterIf you'd like to be on the show, get in contact - mail@businesswithoutbullshit.meBWB is powered by Oury Clark

In this episode of the RE Social Podcast, host Vince Rodriguez welcomes Joe Brady, a seasoned expert in commercial real estate with over 35 years of experience, particularly in the retail sector. Joe shares his journey from being a Burger King franchisee to heading the real estate portfolio at Walgreens, managing over 9,000 stores. He discusses his ventures in developing and investing in retail real estate, the impact of the pandemic on office spaces, and the transformation of work culture. Joe also delves into current trends, economic outlooks, and what to consider in the evolving real estate market.  Additionally, he introduces his book 'Work Shop,' exploring the future of work and the decoupling of work and office spaces. Tune in for expert insights essential for seasoned real estate professionals and newcomers looking to navigate the changing market. Key Takeaways 00:00 Get to know Joe Brady 01:46 Walgreens Property Strategy 04:02 Joe's Journey in Real Estate 09:26 The Evolution of Retail Real Estate 13:26 Joe's Current Deals and Projects 25:05 Pandemic's Impact on Workspaces 29:14 Pushback Against Office Mandates 30:28 The Future of Office Spaces 32:05 New Collar Economy and Flexible Work 33:59 Key Strategies for Real Estate Success 40:42 Opportunities on the Horizon 44:59 Interdisciplinary Real Estate Approach 51:21 Connect with Joe Resources and Links Work Shop by Joe Brady https://www.amazon.com/Work-Shop-consumer-driven-transformation-Commercial/dp/1998756734 Trammell Crow, Master Builder by Robert Sobel https://www.amazon.com/Trammell-Crow-Master-Builder-Americas/dp/0471613266 Connect with Joe https://www.linkedin.com/in/joebrady03/ https://joebrady.ai/ Learn more about AnVi Invest

How does a passion for biophilic design, which stems from a desire to improve an architect and designer's own health, lead to the design of a major new healthcare building? For Steven Edge, founder of Salvage Sustainable Design, his personal interest in Volatile Organic Compounds (VOCs) expanded into advocacy of Biophilic Design in buildings. We catch up with and discuss his recent project, commissioned by Manchester based architects AHR in 2017, where he acted as biophilic design consultant for their client the Royal College of Physicians' new £35, million HQ in Liverpool. The Spine opened in the Spring of 2021 and with 109 out of a possible 110 WELL Credits, the highest of any (over 26,000) WELL certified buildings in the world, its set to become one of the healthiest buildings in the world.Stephen is a biophilic design consultant, and a Senior Fellow of the Higher Education Academy, with over 40 years' experience in academia and the design and construction industry. He shares his background, starting with work in architecture and interior design, and his growing interest in sustainability and healthy materials.Talking about biophilic design principles used in The Spine, Steve describes how The Royal College of Physicians wanted to create a building that would make people feel healthier when they left it than when they entered; a brief that was fully met. Because it's a college as well as Office Spaces, they have young surgeons who would also be diagnosing real patients' problems in this new building.The design, led by architect Rob Hopkins, drew inspiration from the human body, with elements like the "skin" of the building and the "spine" staircase.Steven describes how the team incorporated biophilic design principles to support health and wellbeing. This included maximizing natural daylight, providing views of nature, and incorporating lush indoor planting that was dubbed the "lungs" of the building. One of the things he mentions, is that trees give out a hormone that stimulates the vagus nerve in our brains. It calms us down, and so we are not only breathing that in but are also visually affected by the fact that we're in nature and walking under a tree canopy.The design also features sensors to allow occupants to control their immediate environment and temperature. Taking an holistic approach it uses innovative materials such as a clay plaster that absorbs toxins from the air.The team also looked at principles of biomimicry, taking cues from natural structures like bone to inform the building's columns. Interactive elements, like kinetic sculptures, were planned to encourage movement and play. Steven explains how lighting was a key consideration, with the team aiming to support circadian rhythms through strategic use of natural and artificial light. They consulted research on how lighting can impact productivity and mood throughout the day.Beyond the immediate health benefits, Edge discusses the links between biophilic design and sustainability. The team explored circular economy principles, looking at designing for disassembly and the potential to lease lighting systems rather than own them outright. They also drew on NASA research to select plant species known for their air purifying properties.The Spine is an amazing and inspirational project for any designer and architect. It demonstrates an holistic approach to biophilic design, integrating elements that support human health, wellbeing, and environmental sustainability.Edge's passion for this approach shines through, as he envisions a future with more playful, interactive biophilic design elements woven into our cities and buildings.For more information on Steve's work visit: www.salvedge.co.ukThese are a couple of the extra references mentioned in the podcast:https://www.squintopera.com/projects/floodedlondon/ https://www.studioroosegaarde.net/project/wind-3-0 and https://www.studioroosegaarde.net/project/flow Also Dr Vanessa Champion, will also be presenting at the Healthy Cities by Design Conference at The Spine on 15 and 16 October 2024 https://www.healthycitydesign.global And Steve Edge will be presenting at the Biophilic Design Conference 12 November 2024 at the Barbican London (another Biophilic Space, we will also be in the Conservatory, the second largest after Kew Gardens). www.biophilicdesignconference.com

Stephen speaks to Ila Milambo, Senior Transaction Manager at Galetti Advisory, to uncover the latest insights on navigating the future of office spaces and how businesses can adapt to the evolving landscape of work environments.See omnystudio.com/listener for privacy information.

Are you in need of temporary storage but unwilling to spend on a storage facility? Consider renting one of Conexwest's shipping containers, which can be used for storage, office spaces, and more! Call them at (855) 878-5233 or visit https://www.conexwest.com/ to get started! Conexwest City: Fontana Address: 14774 Jurupa Ave Website: https://www.conexwest.com Phone: +1-855-878-5233 Email: quote@conexwest.com

Kane Willmott is a visionary entrepreneur and a recognized authority on the... The post Redefining Office Spaces: Earn the Commute with Kane Willmott first appeared on Startup Canada.

Written by Danijel Pocanic & Narrated by Gayle Crew. Some people consider the open-office concept that gained popularity in the early 2000s dead. “It's too noisy,” or “There's too much distraction and not enough privacy,” became common complaints. However, we believe that creating a successful open office requires us to look deeper.

In this dynamic episode of “From The Ground Up,” host Taylor Loyal is joined once again by Dow Smith, the visionary leader of Dow Smith Company. Together, they dive into an exciting discussion about the company's latest developments, including the addition of a new office space and the expansion of operations that are setting the stage for a vibrant future. In This Episode: • New Beginnings: Dow shares the strategic insights behind the addition of the new office space, detailing how this expansion supports the company's growth and enhances team collaboration. • Vision for Growth: Listen as Dow outlines the new operations being implemented within the business, designed to streamline processes and boost efficiency across projects. • Fueling Excitement: Discover why both Dow and Taylor are particularly fired up about these changes, and how these developments are expected to propel the company forward. • Looking Ahead: Dow gives listeners a glimpse into the future of Dow Smith Company, discussing upcoming projects and how the new facilities and operations will play a crucial role in achieving long-term goals. This episode is not just about physical expansion but also about growing a visionary company's capabilities and impact. Join Taylor and Dow as they explore what these exciting changes mean for Dow Smith Company and its clients, shedding light on the innovative approaches driving the construction industry forward. Tune in to this episode of “From The Ground Up” to catch all the enthusiasm and learn about the transformative steps Dow Smith Company is taking to build a future as impressive as the structures they create.

Ian Guider of the Business Post joins Matt to discuss the top business stories of the day include a spike in office spaces being rented in DublinThe Last Word on Business with thanks to Forvis Mazars, the next exciting chapter for Mazars. Same local team, new global reach.Press the 'play' button below to catch up on the full conversation...

Here's how AI is directly driving up real estate values.   My YouTube show/podcast guest this week is Derek Daniels, Regional Research Director for Colliers in the Bay Area.   Derek is a San Francisco office market expert and see first-hand the significant impact of AI on San Francisco's commercial real estate market.   This is a great episode if you are anywhere near an AI hub of activity (San Francisco and environs, of course, Seattle, Boston, NYC, and Austin).   You'll learn about the evolving dynamics of the commercial real estate market driven by AI and get insights into opportunities for adaptation, growth, and investment.   Get this.   In San Francisco along, AI companies have leased (at time of recoding) 1.5 million square feet of office space, representing 25% of new leases amidst a backdrop of 35 million square feet of vacant space.   Might not seem like a huge proportion – but for the owners of those office building…!   Listen in to learn about the variety of spaces AI companies are leasing, from Class C to high-end Class A offices, light industrial spaces, and why flexibility and hybrid work models are crucial for these companies.   And, as always, Derek was the proud recipient of my weekly three questions I ask of all guests.   Here are his answers:   Why should real estate professionals pay attention to AI today? AI tools can significantly enhance efficiency by automating routine tasks, allowing professionals to focus on high-impact activities. AI will create efficiencies and drive changes, some positive and some challenging, influencing the broader economy. Practical AI use for real estate professionals: Use AI to consolidate notes, generate report outlines, and craft social media posts. AI can also assist in writing emails by organizing thoughts and adjusting formality levels.   Here are some easy win uses of AI that listeners can immediately try. Use AI tools to help write emails. Generate messaging for clients or prospects with paraphrasing models or text generators. Input your thoughts and let AI rearrange them for clarity and effectiveness. Adjust formality levels with AI to match the context [love this one. AG]  ***** The only Podcast you need on real estate and AI.   Learn how other real estate pros are using AI to get ahead of their competition.   Get early notice of hot new game-changing AI real estate apps.   Walk away with something you can actually use in every episode.   PLUS, subscribe to my free newsletter and get: • practical guides, • how-to's, and • news updates   All exclusively for real estate investors that make learning AI fun and easy and insanely productive, for free.   EasyWin.AI

Sarah Kirby-Yung and Lisa Dominato are proposing changes to the city's building bylaws to facilitate the conversion of empty, post-pandemic office spaces into pod hotels. Guest: Sarah Kirby-Yung, ABC Vancouver City Councillor Learn more about your ad choices. Visit megaphone.fm/adchoices

We discuss the onset of World War 3, prepping and survivalist skills, inflation and grocery shopping and cap it all off with surviving the modern office printer Tags: comedy, work, office, prepper, doomsday prepping, inflation, shopping on a budget, grocery tips  Facebook: https://www.facebook.com/Ydekcast/ email us: ydekcast@gmail.com YouTube: https://www.youtube.com/channel/UCi-hJ40EEb26f08wbZWhOEw

This episode's guest was Amina Moreau.To follow the Leadership Anywhere podcast, subscribe to future episodes, and check out older ones, visit our podcast page at anywhere.show. We provide more information and deeper background to each episode on our podcast site.

This episode focuses on the evolution of corporate real estate. Amina Moreau, founder of Radious, proposes a solution to the changing landscape in the form of third places, between offices and homes. Flexibility can become a turnkey solution for any teams with instantly bookable small- to medium-sized home-like offices, revitalizing neglected areas or sleeping towns.

The Cleaning Pros Of America (941-527-5900) have acquired American Flooring Solutions to bring you the most comprehensive floor cleaning service in Southwest Florida. To find out what they can do for you, visit https://www.tcp-america.com/ The Cleaning Pros of America City: Bradenton Address: 223 6th Ave Suite B Website: http://www.tcp-america.com Phone: +1 941 527 5900 Email: info@tcp-america.com

Embark on an enlightening stroll through the complex world of commercial real estate with Michael Van Every, the mastermind behind Republic Urban Properties. Michael's transformation from a career in local politics to a pivotal role in California's urban development provides an intriguing backdrop to our latest episode. He candidly unpacks the delicate interplay between residential and commercial realms, and shares the strategies his team employs as they navigate the fast-approaching future of 2025, always with an eye on innovative growth and community integration.Our conversation with Michael takes a deep look at the nuanced challenges within the commercial sector, particularly the symbiosis of small businesses and their commercial landlords. We examine the impact of economic shifts such as the pandemic aftershocks and interest rate hikes, probing into what these mean for the vitality of retail and office spaces. Not shying away from personal stories, Michael illustrates the financial tightrope walked by all parties involved, providing insight into the collaborative efforts required to breathe life and success into commercial developments.As we peer into the evolving intersection of technology and sustainability, Michael helps us navigate California's green initiatives and their profound effects on the real estate landscape. We discuss the state's electric vehicle mandates, the innovative repurposing of old infrastructures, and Tesla's burgeoning impact on the solar and battery markets. Wrapping up, we explore the promise of Build for Rent townhomes and the seasonal trends that shape the real estate market, offering a glimpse of the dynamic future that lies ahead for developers, consumers, and the environment alike. Join us for a session rich with expertise and forward-thinking dialogue, perfect for anyone with a stake in the urban tapestry of tomorrow.Website:https://www.republicfamilyofcompanies.com/companies/republic-urban-propertiesHighlights:(01:29 - 03:42) Building Cities(08:21 - 09:32) Commercial Real Estate(18:43 - 19:32) Innovative Multi-Use Real Estate Developments(25:12 - 27:30) Smart Growth Projects in California(30:39 - 32:04) Investment in Electric Car Infrastructure(43:04 - 44:19) Solar Companies as Value Add Partners(48:23 - 49:44) Build for Rent Townhomes With Amenities(59:19 - 01:00:52) Dreams of Commercial Real Estate SuccessChapters(00:03) - Commercial Real Estate Trends and Challenges(18:43) - Challenges in Commercial Real Estate(26:24) - Smart and Sustainable Real Estate Development(33:23) - Commercial Real Estate and Energy Sustainability(45:37) - Future of Mid-Density Real Estate(01:00:17) - Navigating Real Estate OpportunitiesCommercial Real Estate, California, Urban Development, Retail, Office Spaces, Economic Shifts, Pandemic, Interest Rates, Sustainability, Green Initiatives, Electric Vehicles, Tesla, Solar and Battery Markets, Build for Rent, Mid-Density Real Estate, Capital Markets, Construction Defect Liability Laws, Short-Term Rentals, Land Acquisition, Dreaming Big, San Francisco

Do you want to learn about a luxury yet more efficient way of converting distressed office spaces into residential housing? Deep dive into our conversation with another incredible guest, Douglas Hayden!Doug talks about how they're revolutionizing the housing industry by converting unused office spaces through fabricated construction and how it impacts a community, and he goes deeper into what sets them apart from other companies doing this strategy. Be sure to listen until the end of this episode to know how you can participate in resolving the housing crisis through his end-to-end solution!Key Points & Relevant TopicsDouglas' background from the tech industry to commercial-residential real estate conversion in Calgary, ABHow Douglas got involved in converting offices to residential propertiesThe process of converting unused office spaces and acquiring permission from the cityFactors to consider when looking for ideal buildings and office spaces to convertWhat makes office parks and buildings great for conversionAdvantages of prefabrication over conventional property conversionWhat does the process of transporting prefabricated materials for conversion look like?Maintenance and sustainability of prefabricated materials after the property conversionWhy it's preferable to partner with a bank when converting distressed assetsThe greater impact of the office-residential conversion on communitiesResources & LinksApartment Syndication Due Diligence Checklist for Passive InvestorAbout Douglas HaydenDouglas Hayden boasts an impressive track record spanning over 40 years in both the Real Estate and tech sectors. Alongside his team, Hayden has successfully executed more than 1,600 transactions, building a reputation for diligence, innovation, and client satisfaction. Before delving into real estate, Douglas sharpened his skills in the realm of business development. He held prominent roles at multiple tech startups, all of which were later acquired by industry giants such as Apple, IBM, and British Telecom. Doug's knack for identifying potential and strategically positioning businesses for success was further cemented during his tenure at SMED, an office solutions provider. Here, Douglas steered the company towards integration with tech platforms like Cisco Systems & Northern Telecom, focusing on enhancing office environments with technology-infused Office solutions. He was part of the pioneering team that established EXP Realty in Canada, and In honor of his Community service and impact, he has been awarded the Queen's Platinum Jubilee Citizenship Medal and the Alberta Centennial Medal. Get in Touch with DouglasWebsite: https://arthroto.com/ LinkedIn: Douglas (Doug) HaydenYouTube: ArthrotoTo Connect With UsPlease visit our website www.bonavestcapital.com and click here to leave a rating and written review!

The workplace is undergoing a significant transformation, particularly in the wake of the COVID-19 pandemic, which has forever altered our perception of office spaces.In this episode, host David Rice is joined by Rebecca Swanner—Workplace Design Leader at HED—to talk about how to create dynamic office spaces that cater to diverse work styles.Support the show

CEO of Paralympics GB, David Clark OBE is in the quiz seat this week. Founder's egos, hockey stick growth, offshore tax havens, and even Russia pop up for questioning.Chapters:00:40 BOB Quiz Begins!00:41 Discussion on Corporate Gifting00:47 Insights on Formal Directors Meetings00:53 Thoughts on Downplaying Capabilities01:01 Understanding Decentralized Autonomous Organization (DAO)01:11 Debunking Hockey Stick Growth01:19 Exploring the Better Business Act01:31 Reality of Office Spaces in the Metaverse01:51 The Role of Meditation in Business02:07 The Importance of Five Year Forecasts02:25 Controversy of Offshore Tax Havens02:43 Impact of Language Barriers02:53 The Trend of Having More Than One Career02:59 The Influence of Founders' Egos03:08 Significance of Business Etiquette03:25 The Power of Hashtags03:31 Quiz Results and Closing RemarksBWB is powered by Oury Clarkbusinesswithoutbullshit.me

After over two years since his first guesting on the show, Stewart Heath is back to share the growth in his investments and more strategies to help you thrive despite the market's volatility and dynamics.Stewart talks about how he started taking advantage of office spaces and buildings when the world was shut down by the global crisis and investing in multiple types of real estate investments as his diversification approach.Key Points & Relevant TopicsA quick overview of the Harvard Grace Corporation and Harvard Grace Capital and what they do in the marketStewart's focus market and asset classesWhat makes office spaces a functional asset class in the face of the Covid-19 pandemicBusiness plan and operational expenses involved in office or retail investingThe typical holding period and exit strategy for an office space/buildingOffice space lease agreement and options for tenantsHaving reserves to be prepared for vacancy or occupancy issues surrounding office investingHow money lending works in terms of financing officesPreferred investor returns in the office spaceWhy investing in multiple asset classes is a good strategy for syndicatorsTwo effective strategies for finding the best deals that will meet your investment criteriaResources & LinksStewart's first appearance: SA297 | Leveraging Capital Structure Strategy in Real EstateApartment Syndication Due Diligence Checklist for Passive InvestorAbout Stewart HeathStewart Heath founded the Harvard Grace Corporation in 2010, which has since expanded into Harvard Grace Capital. HG Corporation still provides fractional C-level executive services to clients as well as general business consulting. Heath also sits on several boards, including HGC, Winsome Truth, The Shepherd's Call, and Second Chance Sober Living. In 2016, Heath was recognized as a finalist for the Nashville Business Journal's CFO Awards. Currently, Heath holds several fractional CFO positions. Heath previously held positions as COO and CFO for companies in retail, real estate, manufacturing, corporate services, entertainment, and digital media. He earned his CPA license in 1987 and has since held several senior financial and operating positions. Heath also holds a B.S. in Business Administration from Auburn University.  He now runs Harvard Grace Capital, an idea that's been close to his heart for a long time, in an effort to provide stability for investors and to engage in his community. Get in Touch with StewartWebsite: https://harvardgracecapital.com/ / https://stewartheath.com/ Calendly: https://calendly.com/sheath-harvardgrace To Connect With UsPlease visit our website www.bonavestcapital.com and click here to leave a rating and written review!

After WeWork filed for bankruptcy in the US last month, attention is turning to the shared or flexible workspace industry. Are they doomed or do they still have a future? Since the pandemic, people's ways of working have changed dramatically. Shared offices say they're the way forward. WeWork, once valued close to $50 billion, filed for Chapter 11 bankruptcy protection in the US on 7 November. It's a stunning fall for the office-sharing company that once promised to upend the way people went to work around the world.  It's an aggressive expansion in WeWork's early years that led to the bulk of its current troubles. Its former CEO was ousted because of claimed erratic behavior, exorbitant spending, and a failed attempt to go public. But the company has struggled in a commercial real estate market that has been rocked by the rising cost of borrowing money, as well as a shifting dynamic for millions of office workers now checking into work remotely. So is the shared office market doomed? London-based WeWork competitor Work.Life says they're here to stay.  “(The) main lesson that we've learned from WeWork and they've done lots of good for the market is it's about quality, not quantity. And so for us, as we look to expand, it's about doing it with the right deals, with the right landlords, and in the right locations. You look at these hotel businesses, they're taking decades to build, and I think it's a marathon, not a race,” says David Kosky, co-founder of Work.Life. Work.Life currently operates 15 shared office locations in the UK, mostly in London, and aims to reach 18 by the end of the year. In a statement from 6 November, WeWork said its locations outside of the US and Canada “are not part” of the bankruptcy process. This article was provided by The Associated Press.

Howard Tullman, general managing partner for G2T3V, LLC and for the Chicago High Tech Investors, LLC, joins Lisa Dent to talk about his latest article in INC Magazine that tackles the issue of white-collar employer’s need for office space in the age of remote work. This conversation with Howard Tullman is sponsored by Career Vision. Follow […]

Join the commercial real estate Discord Channel: https://discord.gg/b6pGK6uj7PEpisode webpage: www.tylercauble.com/cre-daily

Today's guest is Grant Pruitt.   Grant has over 18 years of experience in commercial real estate brokerages and has collaborated with top global brands like CapitalOne, UBS, NEC and was able to transact worth $800 Million of real estate transactions.   Show summary:  In this episode Grant Pruitt, co-founder and president of Whitebox Real Estate, discusses the growth of his company and the future of commercial real estate. He shares his insights on the changing dynamics of office and industrial real estate markets, attributing the company's success to their clients and dedicated team. Pruitt also discusses the overbuilding of office space and consolidation in the multifamily sector. He provides valuable advice on staying in tune with market trends and sticking to fundamental principles in real estate investing.   -------------------------------------------------------------- Intro [00:00:00]   The growth of Whitebox Real Estate [00:01:01]   Opportunity in the commercial real estate market [00:02:50]   The state of the office space market [00:07:03]   The boom in population and headquarters relocations [00:11:24]   The potential for repurposing class B suburban assets [00:13:34]   The growth of industrial real estate due to e-commerce [00:16:30]   The overbuilt office space [00:22:27]   Sticking to fundamentals [00:23:06]   Closing [00:23:42] --------------------------------------------------------------   Connect with Grant:  Linkedin: https://www.linkedin.com/company/whitebox-real-estate-llc/ https://www.linkedin.com/in/grantpruitt/  Facebook: https://www.facebook.com/WhiteboxRealEstate/  Twitter: https://twitter.com/WhiteboxRE  Instagram: https://www.instagram.com/whiteboxre/   Connect with Sam: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.     Facebook: https://www.facebook.com/HowtoscaleCRE/ LinkedIn: https://www.linkedin.com/in/samwilsonhowtoscalecre/ Email me → sam@brickeninvestmentgroup.com   SUBSCRIBE and LEAVE A RATING. Listen to How To Scale Commercial Real Estate Investing with Sam Wilson Apple Podcasts: https://podcasts.apple.com/us/podcast/how-to-scale-commercial-real-estate/id1539979234 Spotify: https://open.spotify.com/show/4m0NWYzSvznEIjRBFtCgEL?si=e10d8e039b99475f -------------------------------------------------------------- Want to read the full show notes of the episode? Check it out below: Grant Pruitt (00:00:00) - Five years ago, all the headlines were retail is dead. There is no retail. Shopping malls are going by the wayside, and we're never going to have shopping malls ever again. And there's all these dead malls that nobody wants. But you know what? People have figured out ways to repurpose them, to knock them down and build industrial on them, to renovate them, to build experiential retail. And that is completely changed. The, the, the, the talking points. And that's what's going to happen with office. I just don't know what it's going to look like.   Intro (00:00:34) - Welcome to the how to scale commercial real estate show. Whether you are an active or passive investor, we'll teach you how to scale your real estate investing business into something big.   Sam Wilson (00:00:47) - Grant Pruitt, who is the co-founder and president of Whitebox Real Estate, has over 18 years of experience in commercial real estate brokerage. He's also transacted on over $1 billion worth of real estate transactions. Grant, welcome to the show.   Grant Pruitt (00:01:01) - Thank you for having me.   Sam Wilson (00:01:02) - Absolutely. The pleasure is mine. Grant. There are three questions I ask every guest who comes on the show in 90s or less. Can you tell me where did you start? Where are you now? And how did you get there?   Grant Pruitt (00:01:13) - That's not 90s, but I'll keep it to that. I started working for my father in San Antonio, who's also in commercial real estate. Broker, developer, owner. I never wanted to get into commercial real estate, but it was literally the only thing I was good at when I went to college. I, um, I thought it was a good way to make money on the side. Turned out that it ended up being a career. I saw an opportunity in in the markets, and I ended up starting Whitebox Real Estate seven and a half years ago. So that's where I am. That's where I got to be. And in the future, I want to continue to grow it and we want to be in, in, you know, at least by the year 2030.   Grant Pruitt (00:01:55) - I want to be in the in seven markets around the United States.   Sam Wilson (00:01:59) - That is amazing. Seven and a half years ago, you launched this firm of yours. And if I, if I got this right off, off air, you said you guys are in Dallas, you're in Fort Worth, you're in Houston and you're in DC and Austin.   Grant Pruitt (00:02:13) - We got a little office in Austin, too, in Austin.   Sam Wilson (00:02:15) - I mean, that's that's a lot of growth in a very short period of time.   Grant Pruitt (00:02:21) - We've been very fortunate. We made the Inc 5000 list this year. You know, it's can't do it without our clients. And so I really owe it to them and the people of this company for sure.   Sam Wilson (00:02:32) - No, absolutely. Though I think it also takes some vision and some stuff on the leadership side to even see the opportunity, which is one of the things that you mentioned. You said you saw an opportunity. I guess it's seven and a half years ago. What what was the opportunity and why was that the time to take advantage of it?   Grant Pruitt (00:02:50) - Well, in the commercial real estate world, there was a lot of consolidation and there was a real change in the business model as I saw it, and that the consolidation ultimately was to take many of these companies public, say ten, 12 years ago, you had a limited number of publicly traded real estate companies, specifically on the the office in the industrial side.   Grant Pruitt (00:03:17) - On the brokerage side, Wall Street doesn't jive with the brokerage business as well as as as privately held companies do, or people that that are involved in privately held companies. And they started getting out of the idea of working with middle market clients, some fortune 200 clients, some institutional clients. And while there was and still continues to be a great appetite to work with very large institutional groups, everybody who wasn't that they couldn't sell 4 or 5 different service lines was kind of left out there hanging. So I saw that as an opportunity for us to go out and take and seize that niche.   Sam Wilson (00:04:10) - Right. So if I'm hearing you right, there's Wall Street and you're saying that that if they weren't of a certain size, Wall Street wasn't interested in it. I said, look, you know, I see an opportunity to start our own brokerage that really is going to serve us the things that maybe they aren't interested in, and there's plenty there for us to take.   Grant Pruitt (00:04:26) - Yeah, all my clients were in in still continue to be I mean, some of them are publicly traded, but for the most part they're going to be some fortune 200, some fortune 500.   Grant Pruitt (00:04:37) - You know, they're going to be good large middle market businesses. And if you look at what is defined as a middle market business, you know, you can talk to any M&A guy and they're talking about five, six, $7 billion businesses being in that middle market space. Because when you look at the, you know, the big guys, you know, you're talking about at this point, $1 trillion valuation on Google and Amazon and Tesla. And there's a lot there's a lot to be serviced that feeds a lot of mouths. It's a lot of bulk. It's a lot of volume that, you know, a boutique like us, we're not really cut out to handle. But if they have 300 locations across the United States or if they're looking to deploy, you know, capital into real estate assets, we're a great conduit for that. That's a great client for us. And, you know, we don't have to have all their business. We just need a little bit of it.   Sam Wilson (00:05:33) - Got it.   Sam Wilson (00:05:33) - That yeah absolutely. Absolutely. And when you're when you're of that size a little bit goes certainly a long way. That's so what was what was the first asset class you really focused on. And how did you present and get your kind of foot in the door to present that then? To those. Uh, companies.   Grant Pruitt (00:05:51) - Uh, I laugh because when you start a business and you start it from scratch, you're looking for anybody that will work with you. Sure. If if, if if they'll work with you. That's the ideal client. And fortunately, it happened to be in the industrial space. So it was a warehouse user. That was the first client that I worked with. But quite frankly, if it would have been, you know, if it would have been triple net lease buildings or retail or multifamily or just about anything that we could have transacted on, that probably would have been our first client and we probably would have been focused on that. But fortunately, it landed in my sweet spot in the office in the industrial space.   Sam Wilson (00:06:37) - Man, that's that's really cool. Yeah, I love that. But let's talk about office space. I mean, that's kind of one of those things right now. That is it's the dog everybody's kicking and I bet you've got some insights that would say one while it's while it's still why may be a good investment now and then maybe if you can give us a little insight into where you think office is heading. Obviously it's local. I would love to hear kind of what you're seeing in your corner of the market.   Grant Pruitt (00:07:03) - Absolutely. So it's it's a really it's it's funny because we see it on two fronts. You know, we're working with the, the the tenant and the user. We're also working with the buyer and the investor and the. Tin it, and the user market is much more active than what people think it is. And I understand why they, they, they feel that way. And then when we talk about that from an investor standpoint, um, there's always a little bit of a credibility check when, when we're saying that we're seeing that activity.   Grant Pruitt (00:07:47) - Um, what we really see, and I think you see this across a lot of markets in the country for the office space, is you have a tale of two cities. You have your class A, class A, um, you know, very well located, highly amenities, desirable product that does exceptionally well. And the vacancy rates are very often sub 10%. And then you have your class B and under assets that are 2,530% vacant, sometimes more than that. And so it's it changes my market. And I'll, I'll point that out as well. And that, you know, I was talking to a buddy of mine in Chicago. And in Chicago he said, well, you know, it's all the class that's in the suburban environment that people are considering and want to be in. I said, well, it's really what I feel is the opposite of the market that I'm in. It's the class B urban assets that have the ability to be reconfigured, that have some sort of, you know, re adaptive use that you can retrofit the building as that are more desirable.   Grant Pruitt (00:09:01) - You know, in this particular market, if you're 3 or 4 straight, 3 or 4 streets off the main drag. And in this market we have a lot of freeways. So if you're 3 or 4 streets off an interstate or a freeway and you know, it's a 1980s, three story, two story atrium building, that's surface parking, that's probably brown brick. That's a really, really, really tough building to own. And that's going to be a difficult building to to operate. And I think that's the great unknown as to what that looks like moving forward and how we work with those assets moving forward. If you have the class B asset that's in an urban environment, we do see a lot of change in use to hotels, multifamily, mixed use development. You know, I've even been seeing people have been talking about I haven't seen in this market, but probably will as soon as we get done here. You know, even doing urban farming in some of these class B assets that are out there.   Grant Pruitt (00:10:08) - So I think that you're going to see a lot of redemptive. Reuse type projects. But, you know, as as long as it's well located, it's a class asset. It's doing exceptionally well. And I'll tell you the driver for that, we've had a lot of, you know, historically speaking, and this really is buck the norm. Historically speaking, the class B asset has been the safest asset to invest in. The idea was that when the market went down, the businesses were looking at ways to cut costs. So the people that were or the tenants that were using class A space would go to a class B asset to save money. So it stayed full. When the market did well, they moved out to a class asset, and the people that were in a class C asset wanted to upgrade their space, and so they moved into a class B asset. So it more or less was recession proof and it always stayed leased. Fast forward to today. The tastes have change, the workweeks have changed, and what we see is if they have 30,000ft in a class B asset that has, you know, 40% utilization, 50% utilization, and on Mondays and on Fridays it's not being used.   Grant Pruitt (00:11:24) - They just say, forget it. We're going to go to a class asset. We're going to take 10,000ft². The people that want to come work here, great. They can work here. The people that don't want to work here and want to work from home, great. That's fine. And by going from 30,000 to 10,000, they're going to a nicer building. But they're cutting their rent. And so it keeps those class A class assets filled. The other thing to keep in mind, and I speak to this from a local standpoint, is in-migration and and headquarters relocations. So one of the the guy that runs my industrial group here in Dallas has a great analogy for for In-migration to DFW. And he says, look, every day a 747 comes in lands at DFW airport and all the people get off, but they never leave. And that happens 365 days a year where you keep having these 747 land and they get off, but they never, ever leave. And so that's how much of a population boom we're seeing.   Grant Pruitt (00:12:30) - And in addition to that, we're still seeing very significant headquarters relocating to this particular market. So I always talk about Toyota. Toyota moved here from Torrance, California. They announced it in 2014. They moved in 2016. They bought 4000 jobs. But it wasn't the 4000 jobs that Toyota brought. It was all the other jobs that came with Toyota to service Toyota. If you go to Plano and Frisco on the northern end of the metroplex, not so far north at this point, but at that point very far north, they built that market. They built a city with all the companies that went there to service them. And I tell people that that was 4000 jobs. I can look out my window and I can see Goldman Sachs new headquarters going in. They're bringing 5000 new jobs. And if I look maybe with binoculars, not too far in Irving is Wells Fargo. That's 3000 new jobs. So that's 8000 new jobs. That's twice what we saw with Toyota that have yet to come and and and take residence here.   Grant Pruitt (00:13:34) - And that completely is going to continue to change the dynamic. So, you know, from an investor standpoint, you always talk about location, location, location. Well where's the population growth? Where are the companies moving to, what businesses are going to need other businesses to come service them? And then what are the asset classes that are still desirable? Now I'll back up a little bit and I will I'll tell you and everybody else that I talked to had this conversation with an institutional family office that does real estate investing last night. I don't know what's going to happen with these class B suburban assets. Something will I don't know what's going to make the most sense. Whoever figures it out is going to make a lot of money. I just don't know what it is. And from a historical context, I'll give you an example of that. It doesn't take that it's not that hard to think. Back five years ago, all the headlines were retail is dead. There is no retail. Shopping malls are going by the wayside, and we're never going to have shopping malls ever again.   Grant Pruitt (00:14:36) - And there's all these dead malls that nobody wants. But you know what? People have figured out ways to repurpose them, to knock them down and build industrial on them, to renovate them, to build experiential retail. And that is completely changed. The, the, the, the talking points. And that's what's going to happen with office. I just don't know what it's going to look like.   Sam Wilson (00:15:02) - Yeah, I think that's a great point. And that's um, it is interesting to see, I mean, shoot here and here in the Memphis market. I was just and again, I'm not in the office space. I don't have any investments in office. But even just here in the Memphis market, talking about that class B kind of asset, that was I was taking one of my daughters to the doctor here a couple of weeks ago, and I was driving by, and it's a class B late 80s build, that same brick build. You're talking about nobody. I mean, this entire campus completely vacant, like, I mean, if I used to be in the single family foreclosure space, I'm like, this just looks like one massive 50 acre foreclosure.   Sam Wilson (00:15:40) - Like, what in the world is. It looked like a nice building. Like if it were maintained and taken care of at some point, the investor probably just said, city. You can have it. I mean, I don't know what happened, what is happening with that, but there is a gold mine sitting there when someone figures out what to do with it. That's right. That's that's really, really wild. I love and thank you for taking the time to break that down, because I've had, you know, several different people talk about office and it is either, you know, you'll look down upon, but you've given some real clear insight into what makes still a very compelling office investment. And it sounds like a couple of things. One is market dependent, obviously, but then type of asset within that market that, you know, people are still looking for. So, you know, come to you and check out check out what you guys have going on there in the Dallas Fort in Fort Worth markets to see what what opportunities still are out there in the office space.   Sam Wilson (00:16:30) - I think that's really, really fascinating. We've seen kind of that on the on the inverse of that though, you know, and you said you cut your teeth on the industrial side. I mean, industrial has just been off the chain for an untold amount of time. Where has that going?   Grant Pruitt (00:16:45) - So I also think that some of that has to do with being market specific. And we are seeing, you know, we saw unprecedented demand for three years and it is quelling okay, I think it's going to continue to be strong. But take a market like Charlotte, they were seeing 13 to 15% annual rent growth that it's it's unsustainable to have that. And our market we've been seeing 10% rent growth. And when I tell people that it's quelling I go, well we're going to see 3 to 4% rent growth, which is extremely good for us because this is a market that, you know, there's some markets like east, east, east of Dallas, the Garland market. You know, I have an uncle that's a developer as well.   Grant Pruitt (00:17:33) - And he was given this talk and he said, you know, in the 1970s we were developing warehouses in Garland and lease them at two bucks a foot. And he said, you know what? Rents are now, this was about 2008, 2009. He goes two bucks a foot. And so it took really 35, 40 years for us to see rental appreciation in some of these markets because we just built so much product here in Dallas Fort Worth. You're seeing the inverse, the industrial demand, even starting prior to Covid, Covid accelerated e-commerce, which, you know, everybody talks about e-commerce last mile. But even prior to that, the the drivers of industrial demand were on shoring of manufacturing. An e-commerce. We we, you know, the third driver of demand that we've seen has been increased inventory levels, which is typically about 30% increase inventory levels. I call it the toilet paper effect that you don't want to run out of toilet paper. So you stock up on 30% more toilet paper than you need in your warehouses.   Grant Pruitt (00:18:36) - Um, it's it's the the increased inventory levels more or less is played out through the system. What is continuing to play out is on touring or manufacturing and even more so, e-commerce, because only about 17% of our retail sales are e-commerce. And I don't know about you, but my home has more Amazon boxes that show up than every day. There are more Amazon boxes that show up at my house than the day before, because we're we're embracing the idea of e-commerce in our household. And I think that's only going to continue to accelerate. You know, the last mile is going to get more and more and more complex because that speed to the rooftop speed to market is going to become more and more important, and technology is going to enable us to be able to do that. So when I say it's market specific, you know, we're in Dallas-Fort worth, you can reach any the majority of the country within a thousand miles. So that's a two day drive for a truck driver. One day. If you have two truck drivers, what changes? That is automated trucking, which is here.   Grant Pruitt (00:19:43) - We're going to continue to see an acceleration of different markets that grow because of what technology is inspiring. And so your question about seeing the inverse. Yes, we are seeing the inverse. We're seeing spaces that were functionally obsolete that didn't lease for 30 years, that were in markets that were in the doldrums, that are now some of the hottest markets in the country. Great example is the valid market here in DFW. We were doing $3 gross deals on buildings that now are probably going to get 10 to $10 net, and that market went from a very undesirable market because it was smaller, smaller products, shallower bays, older product, functionally obsolete class for sprinklers and. When people started trying to identify what was close to rooftops. Well, I'll be darned. It is right there by all the rooftops. And you know, Amazon has completely disrupted the distribution model. You know, if you remember ten, 15 years ago, they started with million square foot facilities in in most metropolitan areas, you know, in DFW they built 2 million square footers.   Grant Pruitt (00:21:06) - And if you the idea of e-commerce was that you weren't going to have as much need for industrial space because it was literally going to come in and out and you weren't going to have to warehouse anything. And what happened was it did the opposite. So it grew the inventory levels and it grew the need and demand for industrial space. So then Amazon went for 1,000,000ft, and then they started leasing 500,000 square foot. And then it went to 250. And I'll never forget they at least 70,000ft in a like a 14 clear, completely functionally obsolete building in central Dallas. And it was like everybody that was real estate professionals had exploded and said, why on earth are they doing that? What are they thinking? And it was because they needed a presence to be able to quickly deliver goods and, well, goods to households. And it broke the model. It absolutely broke the model. So you're going to continue to see that. But I do caution people and that everything in real estate is a pendulum. It swings this way, it swings this way, it swings this way, it swings this way.   Grant Pruitt (00:22:09) - And I don't see a reason at this point in time. But there will come a day when we overbuild and we don't have a need for as much industrial space. And we're going to having we're going to be having the same conversation we're having about office that but it's going to be about industrial because I had that conversation 15 years ago.   Sam Wilson (00:22:27) - Isn't that the way it is, though? I mean, this is something I was on a panel here a couple of weeks ago. We were talking about just being opportunistic in that it is the way real estate runs. Like you're saying, we were overbuilt maybe on office space right now. We went through an incredible run in the last decade on the multifamily consolidation on just, you know, like you said, increasing increasing rents, prices just cap rates compressing, prices, skyrocketing. And now we're seeing that seeing that cool off to a certain degree and again in certain markets. But I think it's one of those things where it's just it's stay in front of that, being in tune with what's happening in the market and really staying true to fundamentals.   Sam Wilson (00:23:06) - And I'm sure it's one of the things you guys preach to your investors is really stick to your fundamentals, because not everything lasts forever on the bad side or the good side. So I.   Grant Pruitt (00:23:14) - Think that.   Sam Wilson (00:23:15) - Yeah, that's really, really cool. Grant, this has been awesome having you come on the show today. You've broken down really two really key asset classes that many people are interested in, both probably on the sidelines watching office and then actively investing in on the industrial side, giving some great insight, both what's happening in your market and then also around the country. This has been absolutely fascinating. Thank you for your time. If our listeners want to get in touch with you and or your firm, what is the best way to do that?   Grant Pruitt (00:23:42) - You can go to? You can go to Whitebox Real Estate, or you can send us an email at contact at whitebox.   Sam Wilson (00:23:50) - Real estate.com Whitebox Real estate.com. We'll make sure we include that there in the show, notes. Grant. Thank you again for coming on the show today.   Sam Wilson (00:23:57) - It was certainly a pleasure to have you.   Grant Pruitt (00:23:58) - Thank you for having me.   Sam Wilson (00:23:59) - Hey, thanks for listening to the How to Scale Commercial Real Estate podcast. If you can do me a favor and subscribe and leave us a review on Apple Podcasts, Spotify, Google Podcasts, whatever platform it is you use to listen. If you can do that for us, that would be a fantastic help to the show. It helps us both attract new listeners as well as rank higher on those directories. So appreciate you listening. Thanks so much and hope to catch you on the next episode.  

Today's guest is Ben Reinberg.   Ben Reinberg is the CEO of Alliance, and has over 20 years of commercial real estate experience with over $500M in assets.   Show summary: In this episode, Ben discusses his experience in investing in medical office spaces. He highlights the stability and demand of this sector, despite the complexities and nuances involved. He shares his strategies for adding value to these spaces and the importance of selecting investors who align with their values.   -------------------------------------------------------------- [00:00:00] Intro [00:04:12] Opportunities in medical office spaces [00:10:30] Barriers to entry in the medical office space [00:11:24] Understanding the Medical Office Space [00:12:27] Tenant Profile and Property Requirements [00:15:04] Analyzing and Acquiring Medical Office Assets [00:22:07] Qualifying investors [00:23:44] Learning more about Ben and his fund [00:24:34] Closing -------------------------------------------------------------- Connect with Ben: Web: https://benreinberg.com/ https://alliancecgc.com/   Connect with Sam: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.     Facebook: https://www.facebook.com/HowtoscaleCRE/ LinkedIn: https://www.linkedin.com/in/samwilsonhowtoscalecre/ Email me → sam@brickeninvestmentgroup.com   SUBSCRIBE and LEAVE A RATING. Listen to How To Scale Commercial Real Estate Investing with Sam Wilson Apple Podcasts: https://podcasts.apple.com/us/podcast/how-to-scale-commercial-real-estate/id1539979234 Spotify: https://open.spotify.com/show/4m0NWYzSvznEIjRBFtCgEL?si=e10d8e039b99475f -------------------------------------------------------------- Want to read the full show notes of the episode? Check it out below: Ben Reinberg (00:00:00) - Started seeing that more and more people were working remotely from home and at coffee shops. And I said, office space is going to eventually be a dying animal in certain regards. So there are certain tenants that need office space, like medical tenants. You know, law firms need. But even a lot of attorneys now are working from home. I know a lot of my colleagues and they they have an office, but they don't need as much space. So I started seeing this shrinkage of space from the internet. And then the pandemic hit and it became more prevalent. More people were saying, hey, we could do these zoom calls. Now we can. We don't need to meet face to face. We don't need a conference room. We don't need to have this expensive overhead. Right.   Intro (00:00:45) - Welcome to the how to Scale Commercial Real Estate show. Whether you are an active or passive investor, we'll teach you how to scale your real estate investing business into something big.   Sam Wilson (00:00:58) - Ben Rosenberg is the CEO of Alliance.   Sam Wilson (00:01:00) - He has almost three decades of commercial real estate experience and over $500 million in assets. Ben, welcome to the show.   Ben Reinberg (00:01:08) - Sam, thank you very much for having me today. Happy Tuesday to you and pleasure to be on your show.   Sam Wilson (00:01:14) - The pleasure is all mine. Ben. There are three questions I ask every guest who comes on the show in 90s or less. Can you tell me where did you start? Where are you now? And how did you get there?   Ben Reinberg (00:01:24) - Uh, started back in Chicago, north suburbs of Chicago, uh, started syndicating commercial real estate. First deal was industrial deal then got into office and retail. And those are my expertise industrial office retail. And then we expanded within office. Now we acquire medical office, which is a large presence in our portfolio, Sam as well as veterinarian office. So where we sit today is started when I was young, in my 20s, and now I'm 53 years old and we've grown a portfolio and we've sold off a lot of our portfolio last five, ten years.   Ben Reinberg (00:02:02) - And now we're looking to grow again. And we've had staff, so we're scaling the company my company Alliance consolidate group of companies. It's Alliance Wkyc.com for anyone looking who we are. And we're the leaders in investing in medical office in the United States.   Sam Wilson (00:02:19) - That is fantastic. Been I've not had I don't believe any guests come on the show that specialize in what you do. So this will be this will be a fun conversation for me because I get to ask questions that are genuine, like curiosity. I have no idea how this how this space works, what yields are things like that. I guess before we get into the mechanics of what your core focus is, let's rewind maybe 2030 years. Can you break down some of the. Shifts in opportunity. I think this is something that we've been talking about a lot with a lot of different sponsors, is that not everything is golden forever. There's times to invest in certain asset classes and times to get out. What have you seen, I guess, across the last 20, almost 30 years of your real estate experience in the changing times of opportunity?   Ben Reinberg (00:03:09) - Well, I've seen a lot of change.   Ben Reinberg (00:03:11) - The internet has had a drastic change on commercial real estate, and what I've seen from that is you look at retail as an example. So we just don't shopping centers and strip centers, and we don't own that type of product as much anymore. We've wound it down in our portfolio and sold them off. And the reason being is there's not as many retail tenants running around leasing space. Sam in different types of assets in the retail space. And so for us, we saw that and said, you know, we're going to move on to other asset classes. Industrial has been a great product through our career. The other thing that changed is when I was younger, we were buying General Office. We were we thought that we would own a tremendous amount of large office campuses around the country. That was a strategy we had. And then once we started seeing the internet became more prevalent, people were working more remotely. You look at what happened with Covid, which was a perfect example to what we thought was going to happen.   Ben Reinberg (00:04:12) - And you look at suburban office around the country, anywhere around the United States, there's a tremendous amount of vacancy. And so there is some opportunities where people are leasing space because they're doing remote hybrid work. Or if you're from Chicago, like where I'm from, Sam. Even though I live in California right now, one of the challenges is you go downtown Chicago, see so much vacancy in these large high rise skyscraper buildings. And it's also because not only because of Covid, but also they're shifting they're opening offices in the suburbs. But the suburban office market is really challenged. There's a lot of vacancy. Any new product needs to be absorbed if it's still out there. People are building new office like they have. And so that's an asset class that's drastically changed that and retail that I've seen in my in my career. We got into medical office about 19 years ago because we saw an opportunity to find a product in a space where we knew was never going to go out of style. You know, people need medical services and our tenant support those type of services for anyone, their families.   Ben Reinberg (00:05:20) - And we realized when that was the foundation. It's a very stable product with a lot of upside and a lot of demand.   Sam Wilson (00:05:26) - That is really interesting. What were some of the signs or the signposts along the way? That kind of because it sounds like you were able to exit the properties that you wanted to get out of before the bottom fell out on them. How were you able to accurately predict that and not get stuck holding the bag?   Ben Reinberg (00:05:45) - Just being a tenant in suburban office where our headquarters first started? Over the years, I saw that I saw the population growth changes in different areas of the country. And I started realizing, I started seeing that more and more people were working remotely from home and at coffee shops. And I said, office space is going to eventually being a dying animal in certain regards. So there are certain tenants that need office space, like medical tenants, you know, law firms need. But even a lot of attorneys now are working from home. I know a lot of my colleagues and they they have an office, but they don't need as much space.   Ben Reinberg (00:06:27) - So I started seeing this shrinkage of space from the internet. And then the pandemic hit and it became more prevalent. More people were saying, hey, we could do these zoom calls. Now we can. We don't need to meet face to face. We don't need a conference room. We don't need to have this expensive overhead. Right. And so over time, we started seeing it and we thought we're like, maybe it's going to happen. Maybe it's not going to happen. Sam I'm not sure. But I think over time, especially with this younger generation we saw, is growing up on technology. They're extremely comfortable with the remote and hybrid. They almost they almost demand it. So the work environments changed and that's changed in office space. And with retail, you know we see there is a growing presence of of different restaurant chains that have expanded. There's different niches. But we've seen a lot of our medical tenants go into retail centers to get the traffic counts and the exposure and get the walkability to go to their, their facilities.   Ben Reinberg (00:07:26) - So we're starting to see that. We see a lot of urgent cares in retail centers now, and we see a lot of physicians they're opening in retail centers because what they see is the mother might go and shop a couple of doors down and, you know, her kid might be at the doctor. And so there's a lot of benefits to being in a retail center for some of these folks out there that are that are patients of these physicians. And so we started seeing that trend as well. And it's going to be very interesting times as we grow older, Sam, to see like what's going to happen with retail, you know, what are going to be the key factors, like how is this going to affect brick and mortar, you know, is, you know, multifamily still has the ability to absorb tenants in a rising interest rate market. But when interest rates drop, more people buy homes. So it gets affected as well. So there's no rhyme or reason. It's it's where the opportunities are.   Ben Reinberg (00:08:21) - And we saw a long time ago there's an opportunity to medical and we doubled down on it and took advantage of it.   Sam Wilson (00:08:27) - I think that's great. I think that's great. Also finding something that is almost market cycle agnostic. I mean, I think that's one of the things that, you know, again, you talked to a lot of sponsors on this show and you see you see I see many different sponsors pivoting right now going, okay, you know, we had opportunity in this for the last 7 to 10 years. But you know, that's drying up. So now we're looking at other opportunities. But you've kind of found a spot that is again market cycle agnostic that in the medical office space. So let's take what remainder of time we have here and really dig in if we can. You know you've been in it for what, 19 years? I think you said in the medical office space.   Ben Reinberg (00:09:07) - We've been in the medical office for about 19 years. We started buying dialysis facilities when they were being scrutinized by the United States government, especially DaVita.   Ben Reinberg (00:09:19) - And we saw that and we said, you know, there's more kidney disease running rampant, more people are consuming fast foods and high. Cholesterol and have have rampant renal challenges. And we just said, you know what? This is a really good opportunity to look into this. And we did. And fortunately we we did very well with it. And I'm really proud of where this company has taken the medical office space. And our investors have done extremely well. And so we have a lot of investors from around the country and even the world that are investing in our medical properties with us, and they've just been incredible because of of just the opportunity.   Sam Wilson (00:10:01) - I'm taking this right off of your website here, and you have a statistic posted there that says from the change during global financial crisis, Q4 or actually since Q4 2006 through the trough, I'm not sure exactly what that means, but essentially it shows a 70% decrease in investment volume over, I guess, that period of whatever that period of time is maybe 2006 through now in medical office space.   Sam Wilson (00:10:26) - Does that ring true with you and if so, why is that?   Ben Reinberg (00:10:30) - Well, with us, it's actually the other way. I mean, we've doubled down and increased our volume, but a lot of folks have, um, have maybe not acquired, uh, medical office because the barriers to entry really need to understand. Sam, what are all the nuances, different licensing laws, what makes us successful? Ten is a specific medical office property. And what ends up happening is that people don't feel comfortable with it. And so we do. We spent a lot of time going through our learning curve, understanding medical office and what it meant. And what's interesting is, I would say the last five years, medical offices been very hot. There's more people that have come into our space because they realize it's stable cash flow with great upside.   Sam Wilson (00:11:19) - Got it. What are what are some of the barriers, would you say to entry in the medical office space?   Ben Reinberg (00:11:24) - Well, I would say it's understanding how to be able to talk to physicians, understanding what the metrics are in different facilities, what produces a great.   Ben Reinberg (00:11:37) - Medical business for these physicians and looking at where the opportunities as well. And so there's just a barriers to entry. It's a lot of experience. It's a lot of time to get your arms around the different niches in the medical office space. So every sector in in medical has different requirements, different metrics, different licensing, different success metrics. And so when you really understand the business, it creates a high barriers to entry. Because not everyone can just jump in. Yeah. You could jump in and buy a medical property. But you need to understand like what's the default risk. Why is my tenant gonna pay rent?   Sam Wilson (00:12:18) - Right. And it sounds like it sounds like every tenant has a very unique profile and building type that they want to lease from you.   Ben Reinberg (00:12:27) - That's correct. Mean. And the buildings have different construction to, you know, different power sources. Some need generators, some need certain electrical because they have certain equipment. Look at imaging facilities. Right. Facilities. They spent a tremendous amount of money.   Ben Reinberg (00:12:44) - Some of them have chillers. So they spent a tremendous amount of capital in the property. And you have to understand why. You have to understand how does that affect the real estate. What happens if the tent defaults on the lease? Can you release it? So you really need to understand the credit worthiness of every tenant. Sam. It's really important.   Sam Wilson (00:13:03) - Who is who is an.   Sam Wilson (00:13:04) - Ideal tenant for you guys? Is it is it a national medical corporation? Is it like you said, you know, talking to individual physicians? What's that? What's that tenant profile like that you guys really prefer to work with?   Ben Reinberg (00:13:18) - For us, it's really someone we could build a long term relationship with, someone that has that's credit worthy. Now. It could be small or a large national or privately owned, but it's on that it has a successful business that it really enhances the community of what their business is doing, you know, building deep roots. So, for example, you're in Memphis and if you went to orthopedic, you want to make sure that that orthopedic group or group of physicians that they're going to not default on the wrist are going to pay the rent, they're going to pay taxes, they're going to pay insurance, they're going to run their business from there.   Ben Reinberg (00:13:56) - What different about what's different about medical office is that the properties are very important to the revenue generating of the business because of some cases, the equipment. So take orthopedic. Let's say they have MRIs and and scanning equipment and x rays and all this equipment they need to invest in what ends up happening, Sam, is those that equipment and that property is critical to producing revenue. So we look for tenants that invest in the property. We look for tenants that have equity in their businesses or ability to support rent payments and it's entire process. We take our analysis through to see if there's a viable opportunity in that specific asset.   Sam Wilson (00:14:44) - Do let's talk about the acquisition side of these acquiring these assets. What's what is that process like? I mean, to go out and see a facility potentially on market for sale. Let's just use that for an example. How do you even know if that's worth pursuing without then already having a tenant in mind? Or maybe you do.   Ben Reinberg (00:15:04) - Well, generally speaking, most of our assets have tenant tenants in the property.   Ben Reinberg (00:15:08) - Okay. Or we'll put a tenant in the property depending on the situation. But and the day we're going to underwrite the credit of the tenant, we're going to look at the rent compared to market. We're going to analyze and see what what it would, what the replacement cost of the property is. What are we paying per square foot. We're going to look at if it's a single tenant net lease property. What is the situation with the lease? Who's responsible? What. How does the tenant in the landlord delineate responsibilities in that lease. So we're going to look at those factors. We're going to look at vacancy rates. We're going to look at absorption rates in those submarkets. We're going to look at how long they've been there. What's the story. We're going to look at the dynamic of the physician group ages. Is this a bunch of physicians that are going to be retiring in five years? So we look at the business, we look at the real estate, we look how the real estate sits within the market and why they're there.   Ben Reinberg (00:16:06) - We look at is the business growing or are they going to be there for a long period of time? What happens if they leave? Sam? Are we going to then have an issue releasing it based on what we're paying, what the rent is? So we look at the real estate for miles and we look at the business. And that will allow us to determine is a survival asset, say, to invest in our brand new fund, the Alliance Medical Property Fund.   Sam Wilson (00:16:31) - Got it. What's a way that you. So you look at these assets. You look at all those things. You put them into your matrix. Okay? Is this an opportunity worth pursuing? But how do you add value in this situation? Or I guess maybe the one you mentioned there where you already have attended in place? What's a value add in the medical office space?   Ben Reinberg (00:16:49) - The value add is is a lot of different ways. There's value that's provided. One is we might have some vacancy that we lease that we pay for on the acquisition.   Ben Reinberg (00:17:00) - Some might be expansion of space. Another way is the credit worthiness of a tenant. We have a lot of tents being absorbed by hospital systems and private equity groups that have better credit than when we started. And also we also unleash renewals. We'll add value whether it's rent increases, whether it's annual escalations, whether it's certain clauses in the lease that we had removed and replaced, it could be reporting financial statements on an annual basis. There's a lot of different ways we might take a five year lease and make it a 15 year lease. And so there's different ways we always look at what's the outcome, what's the end value. And then we back into it and start figuring out what variables can we enhance a lease to add value.   Sam Wilson (00:17:48) - That's that's really, really interesting. It sounds it sounds pretty new. Not not nuanced, but very detailed in the way that you guys find creative ways to restructure these when you buy them in order to add value. And again, I think that goes back to what you were saying earlier about barriers to entry in the space, in that if you don't have that.   Sam Wilson (00:18:09) - In-depth understanding of how to structure these such to add value on the surface to a guy like me, I'd look at it and go, I have no idea, Ben, how to how to even remotely increase value in this property. So that's really cool. You've mentioned something here a few times that I want to circle back on, and you've mentioned default risk, but let's talk about that. It sounds like that is a possibility maybe in some of the things that you've worked on. Can you just speak to that a little bit.   Ben Reinberg (00:18:37) - Yeah. Default risk is basically when a tent defaults on their lease. And so we we basically are looking at what are what's the probability that they're going to honor their lease. Now defaulting is more than just well he didn't pay rent. He didn't pay his cam or or insurance or taxes. It could be, you know, someone poured gasoline on the property and little lit a match mean there's all different ways it could be we had some sort of insurance claim in the tenant didn't take care of it.   Ben Reinberg (00:19:09) - There's different clauses in that lease that can trigger a default. So you have to deal with good people. Integrity is everything. That's one of the core values of our company, Sam. And you have to have tenants that align with your values. And that's something that's so important to us because then you know you're going to pay rent. We don't like to chase people. So what I love about our physicians and the people we do business with, we don't. We only have to chase them. They pay rent because again, look at the premise. Their businesses are predicated on the success of that piece of commercial real estate. Where is it located? How does it function? You know, is the roof intact? No. Roof leaks, is it? How's the structure? How's the Hvac working? So. At the end of the day, when you look at all these facts, the real estate is so critical to providing and helping and assisting revenue generation for that physician group. And that's a really key factor, because that's when real estate becomes very valuable to that doctor group.   Ben Reinberg (00:20:13) - So that day, the the retention rate is in the upper 80s on renewals rates. Well, it has low default risk. And so it's a safe, secure investment where you can create upside. And that's why our investors love about the Alliance Medical Property Fund.   Sam Wilson (00:20:28) - I want to hear more about that. I've got one. One last question. Just just curiosity from my own kind of mental picture of what you guys work on and do. Is there is there a particular size of property that you say, hey, this is the sweet spot for us. I mean, can you talk to that to me a little bit about that? On the size of facilities you're working on?   Ben Reinberg (00:20:46) - Well, generally speaking, we typically see square footage of 7000ft² or more for a medical facility that we look at, that's generally speaking what you that or more in the square footage. Generally we look for deals over $3 million to get our capital out. So we play in a space about 3 to $25 million per acquisition. That's historically where we play.   Sam Wilson (00:21:08) - Got it very, very cool I love it. Well, it's been here the last couple of minutes that we have talking about the medical office fund. Can you give us kind of the details on it on here on the show, or is that something we have to come to you guys directly for?   Ben Reinberg (00:21:21) - Well, I would suggest if you are interested, if you're a passive investor, go to a. SI.com and you can learn more about it. And you can follow me and you could you can invest with us now and we'll get you more information. But basically it's going to be a portfolio of medical and veterinarian properties. We've acquired every five properties in the fund and spinning off great returns. And our average it's a call fund. Average investor typically puts $250,000 or more. You have to be accredited and you have to be able to invest when we call the capital and we have to honor your commitment. So what we do, Sam, is we qualify, we interview our investors. We don't just let anyone invest in the Alliance Medical Property Fund.   Ben Reinberg (00:22:07) - It's a privilege. And by doing that, we want to make sure we're a good fit for your portfolio and that your good fit for us and a good fit is people that honor our values and that are going to be responsive and that are going to be true to their word. And that's really important to us because we have a lot of investors we've never met in person for decades that investing with us that have been wildly successful. So we're going to interview folks out there and make sure that they're qualified, investing what this alliance is not for everyone. You know, we expect people to honor their words. We expect people to be responsive and respectful. And we're going to give you a seven star experience and white glove service if you invest in the Alliance Michael Property Fund. But again, we don't chase people. We are doing what we say we're going to do. We're going to acquire properties and great properties and provide great cash flow with upside. But that day is you're going to have to come to the table and align with us because we're looking for long term relationships.   Ben Reinberg (00:23:11) - And so we spend a tremendous amount of time qualifying our investors and making sure that they're a good fit for us and our team.   Sam Wilson (00:23:21) - That's fantastic. Ben, thank you for taking the time to come on the show today and really break down the medical office space. Investment opportunity. Talked quite a bit about the fund, the way you guys find and add value, the barriers to entry. This has been certainly insightful for me and I have enjoyed it. Just one more time. If you don't mind sharing with our listeners how to learn more about you and your fund, what's the best way to do that?   Ben Reinberg (00:23:44) - Learn more about me. Go to Ben Ryan. I'm on all the social media platforms. You can also listen my podcast, Ben Rosenberg hyphen. I own it, it's growing. We have celebrities in ultra high net worth individuals come on our show from success. Its significance. If you're a passive investor and you want to build wealth for you and your family, look no further. Go to the Alliance Consolidate Group of companies website.   Ben Reinberg (00:24:10) - My company, go to Alliance seatgeek.com and you can click a button that says invest with us. Fill out a form, we'll have someone reach out to you and you can learn more about investing in the Alliance Medical Property Fund and see how we can generate a lot of wealth for you and your family.   Sam Wilson (00:24:29) - Ben, thank you again for your time today. I certainly appreciate it.   Ben Reinberg (00:24:32) - Thank you Sam, great seeing you.   Sam Wilson (00:24:34) - Hey, thanks for listening to the How to Scale Commercial Real Estate podcast. If you can do me a favor and subscribe and leave us a review on Apple Podcasts, Spotify, Google Podcasts, whatever platform it is you use to listen. If you can do that for us, that would be a fantastic help to the show. It helps us both attract new listeners as well. Rank higher on those directories. So appreciate you listening. Thanks so much and hope to catch you on the next episode.  

In this episode, Rex sits down with Valerie Garrett, VP and Design Director at Fifth Third Bank, as she discusses their workplace transformation journey. Val talks about revamping their headquarters with a focus on legibility, unity, and connection post-pandemic.Tune in for insights on leadership involvement, trust-building, and returning to the office, along with practical well-being advice and the importance of making informed decisions. Don't miss this episode for valuable tips on creating a resilient and inclusive workspace.The Resilience Lab is an Imagine a Place Production.

Join us in this deep dive into the real estate market with special guest Dan Rosenbloom, CIO of Cadre. We discuss the challenges and opportunities in the multifamily sector, the uncertain future of office spaces, and the role of institutional investors in the current market landscape.   Main Points:   Multifamily Challenges: Understand why transaction volume has slowed and what sellers are currently thinking. Interest Rates & Politics: A look back at history and predictions for the future. Office Spaces: What's the future for office real estate, and where are the opportunities? Lending Dynamics: How lenders are navigating the current climate. Invest with Cadre: Learn about institutional-quality real estate investing opportunities available for individuals. Whether you're an experienced real estate investor or just looking to understand the market better, this discussion offers invaluable insights. With billions of dollars on the sidelines and a shifting focus in investment strategies, discover where the market might be headed next.   Special Thanks to: Dan Rosenbloom from Cadre Gino, Jake, and our entire audience for the engaging conversation!   Links: Cadre's Website More about Multifamily Investing   Don't forget to like, share, and subscribe for more in-depth discussions on real estate and investment!  

In this episode, Steph and Laura talk all things office spaces. From buying vs renting commercial property to the undertaking of an office build-in, Steph and Laura reveal the lessons learned, things they wouldn't do again and the magical moments they wouldn't trade for anything.Mentioned in this episode:Vancouver build-in contractor: https://www.allspaces.ca/--Follow us:Website - www.anotsoprivatepractice.caInstagram - https://www.instagram.com/anotsoprivatepractice

American cities are dealing with housing shortages and an office glut, with millions of square feet of office space sitting vacant since the onset of the pandemic. Office-to-housing conversions are becoming an increasingly popular two-in-one solution for city leaders. But will it result in housing that's affordable for all Americans? Paul Solman reports. PBS NewsHour is supported by - https://www.pbs.org/newshour/about/funders

Join the commercial real estate Discord Channel: https://discord.gg/b6pGK6uj7PEpisode webpage: www.tylercauble.com/cre-daily

The federal government has 500 million square feet of office space, which costs billions of dollars each year to lease, operate and maintain. But many of these buildings are under-occupied. This is a long standing problem, but one that increased…

The coronation of King Charles III takes place in London's Westminster Abbey. Businesses are shedding excess office space, which could destabilize regional banks. Utah's age verification requirement for adult content websites is the subject of a lawsuit.

Today's Flash Back Friday Episode is from Episode #333, which originally aired on July 27, 2021. Jonathan Wasserstrum is a real estate tech expert, and CEO and Co-Founder of SquareFoot. Founding Squarefoot in 2011, it poses as a new kind of commercial real estate company by helping other businesses find their next office space. It leverages technological innovation and human expertise to solve clients' needs and help guide them from initial inquiry to lease signing and beyond. The platform now features more than 300,000 office listings, 5,000 new listings monthly, and over 1,300 leases executed to date. Jonathan previously worked in the International Capital Group at Jones Lang LaSalle where he advised foreign and domestic clients on more than $3 billion worth of transactions globally. Recommended Resources:  Accredited Investors, you're invited to Join the Cashflow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club! If you're a high net worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team.  Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com.  Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast. Learn more about Kevin's investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.

Gen X, individuals born between 1965 and 1980, have a shortfall in retirement savings and it is partly due to a rise in inflation and the cost of living. Today's Stocks & Topics: The Wash Rule, HYG - iShares iBoxx $ High Yield Corporate Bond ETF, AOS - A.O. Smith Corp., Investors Sentiment, Office Spaces, TSE - Trinseo PLC.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

What To Know Before Investing In Retail and Office Spaces Welcome to episode 67 of The Multifamily Millionaire: Real Income From Real Estate with Jason Lee. This week Jason welcomes Nick Totah and picks his brain about what you should know before investing in retail and office spaces. Nick Totah is responsible for leading and overseeing all investment group processes as well as business and relationship development. Taking pride in identifying opportunities for clients to create value, both financially and in their neighborhoods. Nick ensures all team members have the boots-on-the-ground knowledge to find creative solutions to commercial real estate property challenges. Nick started at Marcus & Millichap in 2012, specializing in leased investment properties in San Diego County. Prior to The Totah Group, he served as the Senior Financial and Real Estate Manager for Comprehensive Educational Services, managing over $35 million in annual revenue. As an investor in principal real estate himself, Nick intimately knows both sides of selling and buying office and retail properties – allowing him to provide his clients with optimal positioning in the marketplace, both locally and nationally.   To download your free Real Estate Deal Analyzer just head to https://jlmrealestateinc.com/free-product/. With this guide, you'll be able to easily understand your real estate deals.    Here is what to expect on this week's show: Why Nick likes retail and office spaces as an investment How retail and office spaces differ from other asset classes What to know before investing in retail and office spaces The difference between multifamily vs retail and office spaces Relevant links: http://www.thetotahgroup.com/ https://www.linkedin.com/in/nick-m-totah-62947539/   Connect with Jason: Instagram: https://www.instagram.com/jasonjosephlee/?hl=en YouTube: https://youtube.com/channel/UCWNrpNXpGuujHMVZJWmBLsw LinkedIn: https://www.linkedin.com/in/jason-lee-3b7806115/ Learn more about your ad choices. Visit megaphone.fm/adchoices