Corporate Real Estate » Corporate Real Estate

Advice from Donald Trump and Robert Kiyosaki

CRE Editors — Mon, 20 Feb 2012 17:00:57 +0000

From New York Real Estate Magnate Donald Trump and Robert Kiyosaki on how to make money by investing in your career:

Doing what you must do, even if you do not want to do it, is a little thing that makes a big difference. In every case, that will mean studying and learning about subjects you may not love. Remember, you don’t have to be an expert. You just have to know enough to speak the language and eventually hire experts in those subject areas. Most community colleges offer courses in the most vital areas at reasonable prices, and there are countless books and online resources for you to use as well.

If you are committed to the Midas Touch, I recommend the following basic topics for ongoing study:

Sales training

Basic business law

Basic accounting

Marketing and advertising

Web, internet, and social-networking

People skills

Technical investing

From Midas Touch: Why Some Entrepreneurs Get Rich-And Why Most Don’t

The Apple Store Rollout Strategy

CRE Editors — Mon, 13 Feb 2012 17:00:09 +0000

From Jim Collins in Great by Choice: Uncertainty, Chaos, and Luck–Why Some Thrive Despite Them All, describing the store rollout strategy of Apple known as Bullets, Cannonballs, and Disciplined Creativity:

Great by Choice

When Steve Jobs decided to move Apple into retail stores in the early 2000′s, he understood that he didn’t know how to do it. Lacking empirical experience, he asked, “Who is the best retail executive?” The answer: Mickey Drexler, then CEO of The Gap. So, Jobs lured him onto Apple’s board and began learning everything he could. Drexler told Jobs not to just launch with a big roll-out of twenty or forty stores. Instead, go off to a warehouse, prototype a store, redesign it until you have it right (bullet, bullet, bullet), and roll it out to the world (cannonball) only once you’ve got it working and tested. That’s exactly what Jobs did. And indeed, the first iteration just didn’t work: “We were like, ‘Oh God, we’re screwed,’” said Jobs. So, Jobs and his retail leader, Ron Johnson, redesigned, tested, and redesigned until they got it right. They launched their first two stores in Virginia and Los Angeles, and once those proved successful, they rolled them out with great consistency. Bullet, calibrate, bullet, recalibrate, and cannonball.

Quiet, Please: Should workplaces be designed for extroverts?

CRE Editors — Thu, 09 Feb 2012 14:00:58 +0000

Susan Cain, author of Quiet: The Power of Introverts in a World That Can’t Stop Talking,on how today’s workplaces are designed for extroverts:

“It’s quite a problem in the workplace today, because we have a workplace that is increasingly set up for maximum group interaction. More and more of our offices are set up as open-plan offices where there are no walls and there’s very little privacy. … The average amount of space per employee actually shrunk from 500 square feet in the 1970s to 200 square feet today.

“Introverts are much less often groomed for leadership positions, even though there’s really fascinating research out recently from Adam Grant at [The Wharton School of business at the University of Pennsylvania] finding that introverted leaders often deliver better outcomes when their employees are more proactive. They’re more likely to let those employees run with their ideas, whereas an extroverted leader might, almost unwittingly, be more dominant and be putting their own stamp on things, and so those good ideas never come to the fore.”

via Quiet, Please: Unleashing ‘The Power Of Introverts’ : NPR.

5 key points for healthcare real estate planning

CRE Editors — Wed, 08 Feb 2012 00:46:58 +0000

Healthcare Finance News:

According to Scot Latimer, managing director and leader of Jones Lang LaSalle’s Capital Asset Strategy practice for healthcare, there are five opportunity areas that, when viewed together and from the perspective of executive system leadership, form a comprehensive picture of the organization’s current performance and a roadmap to improve it:

Portfolio optimization

Occupancy cost management

Ownership strategy

Execution approach

Organizational effectiveness

Read point by point breakdown in a 5 key points for healthcare real estate planning | Healthcare Finance News.

The New Redlining: Digital Online Aggregators

CRE Editors — Tue, 07 Feb 2012 13:40:32 +0000

New York Times:

In the 1970s, a professor of communication studies at Northwestern University named John McKnight popularized the term “redlining” to describe the failure of banks, insurers and other institutions to offer their services to inner city neighborhoods. The term came from the practice of bank officials who drew a red line on a map to indicate where they wouldn’t invest. But use of the term expanded to cover a wide array of racially discriminatory practices, such as not offering home loans to African-Americans, even those who were wealthy or middle class.

Now the map used in redlining is not a geographic map, but the map of your travels across the Web. The term Weblining describes the practice of denying people opportunities based on their digital selves. You might be refused health insurance based on a Google search you did about a medical condition. You might be shown a credit card with a lower credit limit, not because of your credit history, but because of your race, sex or ZIP code or the types of Web sites you visit.

Data aggregation has social implications as well. When young people in poor neighborhoods are bombarded with advertisements for trade schools, will they be more likely than others their age to forgo college? And when women are shown articles about celebrities rather than stock market trends, will they be less likely to develop financial savvy? Advertisers are drawing new redlines, limiting people to the roles society expects them to play.

via Facebook Is Using You – NYTimes.com.

Tony Dungy: How Many Days Does it Take to Prepare for Any Football Game?

CRE Editors — Sat, 04 Feb 2012 16:23:29 +0000

Former NFL/Super Bowl Coach Tony Dungy:

…I completely believe that three days is all that is needed to prepare for a football game. Any football game. That’s a lesson I learned from Chuck Noll and Denny Green. I also believe that time spent beyond those three days is more likely to be unproductive rather than helpful. I was always willing to listen and learn, but I never heard anything compelling that convinced me otherwise. Maybe my approach was wrong, but we posted some pretty solid results over my thirteen years as a head coach using that process, and Chuck Noll and Denny Green had their share of success as well.

Therefore, whether it was the opening game of the regular season, a midseason game against a team with a poor record, or our Super Bowl appearance against the Bears, I approached each game the same way. As a result, I believe our players performed at as high a level as possible, achieving consistent, sustainable results. When you are leading, your goals should be to achieve success and significance over the long term, not to be just a flash in the pan.

From The Mentor Leader: Secrets to Building People and Teams That Win Consistently by Tony Dungy.

The Green Imperative: Not Your Father’s Recycling Program

CRE Editors — Fri, 03 Feb 2012 13:57:34 +0000

From Site Selection Magazine:

While cost reduction and energy efficiencies are key drivers of the push to green the corporate real estate portfolio, there are other factors at work. It’s what J&J’s Tish Lascelle calls “the awakening consumer.”

Increasingly aware corporate customers and individual consumers alike want to see a demonstrated commitment to what’s known as “the triple bottom line” of people, planet and profit in the brands they buy. They are making purchasing decisions based on the perceived strength of these corporate commitments to environmental and social sustainability.

This public awakening is forcing companies to move forward along the green facilities continuum, whether they like it or not. New rules and regulations — such as the Environmental Protection Agency’s proposed boiler major source rule, aka the Boiler MACT — are being enacted in part because public officials feel pressure from their constituencies to take action.

Locally, communities across the country are mandating green standards, such as LEED certification, for new construction. Others have created incentives such as favorable property tax treatment or density bonuses for LEED-certified facilities. According to the U.S. Green Building Council, LEED initiatives — including legislation, executive orders, resolutions, ordinances, policies and incentives — exist in 45 states, including 442 localities, 35 state governments, 14 federal agencies or departments, and numerous public school jurisdictions and institutions of higher education throughout the nation.

via The Green Imperative: Not Your Father’s Recycling Program.

CBRE 2012 Global View

CRE Editors — Thu, 02 Feb 2012 02:15:42 +0000

From the 2012 CBRE Global View:

For 2012, there are many possible challenges, and failure to address these could yield an outcome worse than what is generally expected. One issue that is receiving remarkably little attention as we publish this ViewPoint is the prospect of another spike in oil prices due to the sanctions imposed on, and even a possible war with, Iran. We saw the impact on oil prices in 2011, and while economic dependency on conventional fossil fuels is gradually declining, we know from history that the global economy remains highly susceptible to challenges from such disruptions and pricing changes.

While the consensus outlook remains heavily overshadowed by negative factors, the positive effects of a broad-based agreement on deficits, debt and economic growth could be substantial. With most businesses holding higher-than-normal cash balances, and with consumer and business confidence retarded by the current policy paralysis, policy agreements that yield a significant improvement in confidence could unleash strong economic growth globally. This, in turn, would have positive implications for both occupiers and owners of commercial real estate.

Download the entire global view here.

January February CoreNet Global Leader Issue

CRE Editors — Wed, 01 Feb 2012 17:00:57 +0000

The January/February issue of CoreNet Global’s Leader is out. Topics include:

Getting Smart: Microsoft’s Building Pilot Program Achieves Energy and Cost Savings
Making Mobility Stick: Insights for Increasing Adoption of Your Workplace Mobility Program
Quality Content and World Class Talent: The BBC’s New Hub in Northern England
Sustainability and Efficiency: A High-Performance Building Reaps Benefits for TIAA-CREF
Leed Certification Vs. Equivalency: Which is Best for Your Project?
Commercial Property Development: Fostering consumption levels in Hangzhou, China
Contributing to Enterprise Success: Learnings from the SLCR Forum
Red Hat’s Craig Youst: Leading a Team through Innovation and Collaboration
Rod Moseman: Gateway to Growth

Read the issue online here.

Looking for CRE Mobile Apps

CRE Editors — Tue, 31 Jan 2012 23:18:19 +0000

Realcomm is Looking for Commercial & Corporate Real Estate Mobile Apps!

Are you currently using a mobile app in your commercial, corporate, government or institutional real estate practice? Have you developed an app for this industry that you’d like to get the word out about in 2012? If so, realcomm would like to hear from you!

Realcomm is currently looking for real estate mobile apps to feature in their Mobile Showcase at Realcomm 2012, which will be held June 13-14 in Las Vegas, and also in the March/April issue of the RealcommEDGE Magazine.

Send your suggestions to nstone@realcomm.com today! And while you’re at it, tell us about it below.