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Fun Activities With Coworkers To-Do Outside Of Work

Leave a Comment / Blog, Set Yourself Up For Success

Surrounding yourself with the same people in the workplace every day can get repetitive and boring. Although it may seem unnecessary, simple team-building activities let employees form personal bonds that contribute to the success of any business in the long run. If everyone feels comfortable around one another, decisions become easier, more voices are heard, and the smiles exchanged are genuine.

Here’s a list of fun activities with coworkers to attend outside of work:

1. Change Up Dinner Plans

Think typical work dinner, but with a twist. Many restaurants today offer more than good food. They offer experiences. For example, Korean barbeque restaurants often have a grill at each table and the customers, rather than the chefs in the back, are responsible for cooking their food. An eating experience like this can spark more interaction among individuals because making the food requires teamwork.

2. Create Tournaments

Ping-Pong, kickball, basketball, you name it, your company can benefit from it. Every company has a range of personality types that are always represented in the office. There’s the detailed-oriented individual, the workplace jokester, and the ultra-competitive personality. Imagine dividing all of these people into groups for a tournament! Pick a sport where athleticism does not matter. A tournament structure acts as a fun office activity to boost morale and a way to build workplace relationships. A top team will likely emerge so workers will have the chance to form bonds with their own team members as well as cheer for or against the top performers.

3. Enjoy Go-Kart Racing

Everyone secretly wishes to return to their childhood days when everything was simple and carefree. So why not escape the workplace environment for a while and do that? Fun work outings don’t need to be something that only adults see as fun. They can be something kids like too. Go-kart racing allows employees to compete with one another for the winning title and maybe even a trophy. Sometimes all it takes to connect with coworkers is a simple hour in a different mindset. Employees can always look back at photos or videos from go-karting and remember the fun experience. Competition like this can cause some friendly workplace tension. Employees will want to participate in more outside-of-work activities in the future either for redemption or to keep their title.

4. Karaoke Night

Let your inner talent shine! Everyone has a song they know all the lyrics to. Partner with a few coworkers to sing karaoke after work. Even if you are not a performer, attending an event like this and watching everyone cut loose and share a laugh can promote coworker bonding. What may seem like an unusual team-building activity could be the moment where a colleague becomes your new best friend.

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10 Creative Interview Questions You’re Probably Not Using

Leave a Comment / Blog, Employers, Interview Tips, Set Yourself Up For Success

When it comes to hiring within the commercial real estate industry, there’s a lot at stake. How do you know that good first impression is really a rock star hire and not a poser? The cost of a bad hire can be startling, so knowing creative interview questions can be a valuable skill. The goal is to have a genuine conversation that fosters a better understanding of that person.

So, to find out what you need to know, what sort of interview questions will get a candidate to open up about their experience and skills? How can you find out if they’re really right for your unique needs? It helps to get creative.

Canned Conversations

Part of the problem with interview questions, is there are only a handful of them commonly asked in job interviews. So, prospective candidates can easily look them up and craft a scripted response for each of them.

The result?

A lot of canned talking points and speaking past one another. It’s entirely unhelpful! To really make it in CRE, you need better than that. You need creativity to flip the script and open a helpful dialogue. You need interview questions that really work.

So, without further ado, here are ten of the most creative interview questions that most hiring managers in commercial real estate never think to ask.

Productive and Creative Interview Questions

1. What are some of the qualities you like most in yourself?

The qualities someone prides themselves in are most likely the qualities they will work to excel in. Even if they’re not as strong in those qualities as they think, their confidence will become a self-fulfilling prophecy over time. And they just might give an example or two of these qualities in action at their last job.

2. What adjectives would your co-workers use to describe you?

Similarly, the way a candidate believes they are perceived is important in how they view themselves. And they just might be a bit more accurate when discussing the perspective of others.

3. If magic exists, how would you define it?

The great thing about this creative interview question is how it touches on their passions and gives the interviewer an opportunity to gage the way the candidate responds (behavioral interview questions can predict the future). Are they literal or figurative? Do they pause to think or shoot from the hip? Are they imaginative or a clock puncher?

4. If you had $10,000 to help the needy, what would you do?

Questions that aren’t about work are great for bypassing scripted responses and touching on the true soul of a candidate. This one helps you understand what motivates them and what kind of person they are.

5. What led you to choose this line of work?

Uncovering what fulfills someone in this particular area of CRE is helpful in understanding their cultural fit as well as their long-term potential.

6. If you couldn’t live in the US, what other country would you live in, and why?

Before asking this question, determine just what you are looking for and what you hope to learn. There is no correct answer to this question, but the way it’s handled will tell volumes about how a prospect will behave on the fly and in creative situations.

7. What’s your favorite movie, and why?

Again, this quirky question doesn’t have a right answer. But it will help you better understand the heart of your prospective employee and what drives them.

8. Let’s pretend you are interviewing me; what questions would you ask?

This one literally flips the script by reversing roles for a moment. With the candidate completely off guard, pay special attention to the focus of their questions as well as their demeanor in a managerial role.

9. If you were one of our properties, which type would you be?

This one only works if you deal in multiple property types, of course. But the responses will lend keen insights into how well they know your business, your properties, and what they value most in your company.

10. What is something you recently learned?

This creative interview question should include a time limit during which you will observe the way the candidate organizes their response, checks in for feedback along the way, and expresses emotion. Much can be gleaned from listening to your candidate relate a short lecture or moral story.

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Learn To Love Your Job Again

Leave a Comment / Ask An Expert, Blog, Job Search, Set Yourself Up For Success

We fall in – and out – of love with our jobs all the time. Though we rarely think of it that way.

Remember the butterflies of excitement you had on your first day? You loved those weekly staff meetings, adored your training, and couldn’t wait to chat with new co-workers on coffee breaks.

It was when the honeymoon period ended that things changed. You started thinking “Really, this all over again?” when you woke up. Small irritations turned into large ones, and you started getting coffee at a different time to avoid Dave in Accounting.

Before you hand in your resignation letter, take a moment to realize that quitting isn’t your only option. It’s not possible to always love your job, but you can love the idea of working at it, and you can love different aspects of it.

How To Love Your Job Again

1. Is It Your Job Or Your Boss?

You might not want to leave your job, you may just want to leave your boss. One study found that 50 percent of employees left their job “to get away from their manager to improve their overall life at some point in their career.”

If you find yourself in this situation, but still really enjoy the company you work for, you may want to entertain the option of switching departments. Give yourself opportunities to work with other teams and see if it’s your manager or it’s the job you don’t like before you hand in your resignation. Small changes can make a significant impact in helping you love your job again.

2. Learn Something Different

If you have been doing the same tasks for the past 5 years, it is very possible you are simply bored and uninspired. Challenge yourself by learning something new and exciting.

Offer to help out a different department. Volunteer to take on new responsibilities. Take a course to advance your skills. Attend professional development seminars. Whatever you do, make sure it is interesting to you. It will help you look at your role in a new light. Boredom will never help you love your job, but being excited about something new will.

3. Ask For What You Want

Instead of waiting for your exit interview to mention all the things you wish you had been offered – ask for them! Your manager is probably not a mind reader, and they cannot provide you with what they didn’t know you were interested in.

Speak out about your goals and make your case for change so you can love your job again. Ask to be put in charge of a project. Talk about your dream role. If you are looking for a flexible schedule or salary increase, ask for that too. Have these conversations first instead of assuming your only option is to quit.

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How To Improve Teamwork in the Workplace

Leave a Comment / Blog, Employers, Set Yourself Up For Success

Teamwork. It’s a word that is thrown around in the office on a daily basis, but when was the last time you took a step back and actually evaluated the teamwork in your workplace?

Why Is Teamwork In The Workplace Significant?

Without effective teamwork, productivity and quality of work will likely suffer, even with a group composed of multiple brilliant individuals. Likewise, without effective teams, companies will struggle to keep pace with competitors who do have effective teams.

Multiple studies have shown that promoting good teamwork in the workplace will have positive effects on productivity, quality of work, creativity, innovation and job satisfaction, all of which benefit the company itself.

In a recent study by Stanford, participants who were working on a team as opposed to working alone persevered longer on difficult tasks, showed more interest and enjoyment in working on the tasks, required less self-regulatory effort to complete tasks, and generally performed better on the tasks. The participants who were part of a team even decided to do more tasks related to those performed in the study in a personal setting 1-2 weeks after the study.

How Can We Improve Company Teamwork?

Now that we’ve established the importance of teamwork in the workplace, let’s talk about how we can improve. Here are 8 tips on how to improve teamwork within any organization.

1. Build Diverse And Inclusive Teams

First and foremost, it is important that we focus on creating diverse teams rather than teams of all like-minded people. A group of people with different backgrounds are more likely to bring diverse perspectives and ideas to the table. With more perspectives, comes more thorough decision making. We often tend to want to surround ourselves with people who think and act in ways that reflect our own thoughts and actions.

While a group of like-minded individuals with similar backgrounds may get along great, we have to think about the bigger picture – Will they bring fresh ideas to the table? Will the team members challenge each other to tackle a project from all angles? Or, will the team members be so agreeable that they come up with ideas that don’t get questioned or elaborated upon? If all team members think the same way, come from similar backgrounds, and have the same beliefs and opinions, the work that the team produces will likely be one-sided and less creative. Whereas if each team member has unique opinions, beliefs, background, etc. they will likely produce work that reflects more creativity and innovation.

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CRE Job Market, Facing Cooldown, ‘Like 2 A.M. In A Club’

Leave a Comment / Blog, Building Careers, Employers, Industry Insights

Taking the temperature of the labor market anytime between Memorial Day and Labor Day presents challenges, considering huge strategic decisions tend to get pushed to the fall. But the general sentiment of analysts, brokers and recruiters interviewed for this story suggested that anxiety had already curtailed opportunities, firms were taking steps to slow down new hiring, and any significant slowdown could have significant impact on the long-term recruitment of younger talent, especially brokers.

These shifts in the job market have taken place against a backdrop of declining CRE deal volume, which dropped more than 50% from a recent record of $347B in Q4 of 2021 to $172B in Q1 of this year. Many experts predict rising interest rates will dampen enthusiasm for deals going forward.

The foreshadowing of a more difficult job market on the horizon contrasts sharply with the optimism felt at the end of 2021 and early 2022. A Bisnow/SelectLeaders survey of 130 industry HR execs from February found many expected the year to bring more jobs, higher compensation, even additional benefits; more than half expected to hire more in 2022 than 2021. And in late 2021, industry experts argued that firms, stung by labor shortages, were gearing up to pay more.

Those predictions have generally held through the first half of 2022, especially in many of the hotter sectors in CRE, such as industrial, life sciences and multifamily.

But the job market is increasingly taking a conservative turn, said Kaitlin Kincaid, Keller Augusta senior managing director, with companies becoming more thoughtful about budgets, more choosy about roles and taking more time, especially when deciding on management and executive roles and specialty positions.

Jackson Lucas Managing Partner Chris Papa, who runs a CRE-focused recruiting firm, said that there’s increasing interest in debt and equity-focused roles, as well as a demand for asset managers: It’s vital to be important with your assets during a downturn.

“I feel the changes have been in the amount of hiring,” Building Careers President Carly Glova said. “Teams are looking at whether they really need to hire someone.”

To read the full article, visit the link below.

https://www.bisnow.com/national/news/top-talent/real-estates-red-hot-job-market-on-precipice-of-slowdown-113787

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Define Company Culture

Leave a Comment / Blog, Employers, Job Search, Set Yourself Up For Success

Company culture is a hot topic right now. Since 2020, COVID-19 has made a BIG shift in this area for many organizations. In this blog post, we are going to define company culture, how it works, and why it’s important!

Define Company Culture

Company culture refers to the attitudes and behaviors of a company and its employees. It is evident in the way an organization’s people interact with each other, the values they hold, and the decisions they make.

Company culture encompasses a variety of elements, including work environment, company mission, leadership style, values, ethics, expectations, and goals.

How Does It Work?

A company’s culture may be expressly and deliberately cultivated, or it may simply result from the accumulation of decisions made over time. With a strong company culture, employees understand the expected outcomes and behaviors and act accordingly.

Some companies have a team-based culture that emphasizes employee participation on all levels, while other businesses have a culture where formal, traditional, or hierarchical management is valued.

When you work at a company with a traditional management style, your job responsibilities will be clearly defined, but there may not be opportunities to advance without going through a formal promotion or transfer process.

At a more casual workplace, employees often have the opportunity to take on new projects, and additional roles, as time permits.

One example of company culture can be seen at Netflix, where it is encapsulated in their philosophy of “people over process.” In its company culture document, Netflix spells out its company values: judgment, communication, curiosity, courage, passion, selflessness, innovation, inclusion, integrity, and impact. These values are expected to be upheld by employees in every action and interaction, resulting in a creative, collaborative, and successful organization.

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Making The Right Connections For Your Career

Leave a Comment / Blog, Set Yourself Up For Success

How do quick start a career that you love? Maybe you have a vision, a passion, an idea of where you want to go, but you’re not quite certain how to get there. This is where making the right connections comes in.

There’s a big difference between aimless networking and intentional networking. Needless to say, it’s key you make the right connections for the career path you’re pursuing.

So how do you make a connection, and then maintain it? Here are five steps you can take to meet the right connections, and foster beneficial work relationships to get your career started!

1. Determine Your Sharable Value

It might not always feel like it, but everyone has value to give to everyone else. If you know what value you present to others, you’ll be able to connect more easily and confidently. This could be something as small as finding something in common (for example, maybe you and the person you’re connecting with went to the same college). It could also mean offering a favor such as a link to an article, sharing information, giving them a referral.

2. Build A List

In order to connect, you should make a list of those you want to or should reach out to. And not just any list — an extensive list! Write down everyone who could possibly be a connection, even if they seem out of reach. The more people you have on the list, the less daunting it will actually be. Think about it this way: if you only have five people, you feel pressure to reach out to all of them. The longer your list, the less pressure you’ll feel, and the easier it’ll be to reach out. And maybe you will end up reaching out to those out-of-reach people. You never know! But having a list will at least give you somewhere to start.

3. Attend Networking Events

Did you know 85% of people find jobs through networking? Clearly, you want to take advantage of this. And what better place to network than events? Maybe you have a friend or coworker that needs a plus one to a conference or talk. Maybe you took to Google and found networking events near you. Whatever the case, put yourself out there and connect with as many people as you can. Bring business cards, talking points, and your best smile. This will help put you on the path of making the right connections!

4. Use LinkedIn

When it comes to networking, social media is your friend. LinkedIn is an especially great tool for reaching out to connections you’ve met at networking events or through your peers. Shoot them a quick message, making sure you give detail as to why you’re reaching out and how you know them. After all, keeping in touch is key to cultivating and maintaining relationships.

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Top 3 Steps to Help You Identify Your Dream Career

Leave a Comment / Blog, Job Search, Set Yourself Up For Success

You don’t always have to hit rock bottom to figure out your career path, but there are some things you need to learn about yourself if you want to identify your dream career.

These three steps might come immediately, or they might take years to uncover. Either way, consider them without judgment or blame for not knowing the answers, but with curiosity.

1. Identify Your Strengths

Stop everything you’re doing and take the Strengths Finder assessment today. It’s the most valuable assessment tool I’ve used. Know your strengths to the finest degree to discern what job is best for you.

According to Donald Clifton, founder of Strengths Finder, we’re the happiest when we get to use our strengths on a daily basis.

2. Who Is In Your Support System?

Another step is to identify your dream career is to think about who is in your support system. Sure, you might not have enemies in your job search, but it’s important to know who’s in your inner support circle. Sometimes, it can take a while to identify who is your ally, but pay attention to who gives you strength and who squashes your ambition.

Notice all of your conversations. Who is continually supportive? Who encourages you? Who makes you feel afraid or anxious?

Many people feel scared when you are reaching and leaping towards an edge, and they will project their own fears onto you. Don’t let them. Make a point to cut them off (kindly) or resist from talking to that person about your “big, hairy, audacious goals.”

3. Pinpoint Your Goals

Where do you want to go? It’s a big question and if you don’t have the answer now, ask yourself every day until it starts to unfold. Take out a big huge notebook (the kind you’d buy a kindergartener) and colored sharpies and let your creativity flow.

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Top 10 CRE Career Paths to Choose From

Leave a Comment / Blog, Building Careers, Job Search

So, you’ve decided a career in commercial real estate is just what you need to find fulfillment in your work. Good for you! But there are so many CRE career paths to choose from. Which one is for you?

Commercial Real Estate

When most people hear “commercial real estate,” they immediately conjure up images of a real estate agent posting a “for sale” sign in a yard somewhere. When they finally wrap their minds around the commercial aspect, they still tend to think in terms of either brokers or developers.

But the truth is, if you want to get into commercial real estate, you have virtually endless options to make that happen. So, before you go out and start polishing up your resume and branding yourself for that perfect CRE dream job, let’s take a step back.

Just what direction should you go? What are your options?

10 CRE Career Paths

While there are literally dozens of CRE career paths, most of them fall into a handful of categories or basic fields. Some of these may fall within your goals for your career, whereas others might simply be a bad fit for your personality type.

Before deciding on a specific field to enter, be sure to take personal inventory and weigh the pros and cons of a career in commercial real estate. Then, hone in on that part of CRE that especially inspires and fascinates you. From here, you’re prepared to dive into the varied and rich paths that make up this special industry. While this list is not comprehensive, here are 10 of the top choices for CRE careers.

1. Brokerage This is probably the most well known of the CRE career paths. There are exciting opportunities to be directly involved as intermediary between both sides of transactions. Brokers sometimes also provide other services, like investment banking, research asset management, property management, and more.

2. Property Management

Generally speaking, commercial properties require rather sophisticated management services. In this field, you may carry out services like tenant relations, maintenance, budgeting and other tasks related to managing a high-value commercial asset.

3. Construction and Development

While two separate paths, construction and development professionals tend to work closely together. Entitling parcels and managing the process of building new CRE assets can be invigorating for the creative and visionary types (development) or project and process-oriented types (construction).

4. Acquisitions

Acquisition professionals manage the sourcing, analyzing, and closing tasks for acquiring new properties, whether underperforming or performing. These are properties that produce cash flows for the company acquiring them.

5. Asset Management

Those responsible for asset management focus on strategy and oversee execution of the financial, operational, and marketing aspects of commercial real estate.

6. Leasing

If an investor/developer chooses to have an in-house leasing team, the leasing individuals will have day-to-day negotiation and lease creation/oversight responsibilities for the company and coordinating strategic efforts to develop prospective tenant relationships, which could also be done alongside an external broker.

7. Accounting

Accountants will run day-to-day management of the company’s accounting operations, including financial reports, accounting records, cash flow projections, loan draws, budget analysis, and budget reforecasting.

8. Architecture and Design

While not often in-house, architect and designers will plan and design and facilitate the execution of new buildings, expansions, renovations, or interior build-outs.

9. Valuation/Appraisal

Within the various CRE career paths, there is a distinct need for valuation professionals who appraise properties for reporting purposes, as well as loan applications, strategic estimations, and more.

10. Other

Most of the disciplines above are most commonly seen on the investor/developer or owner/operator sides of the business, but you can take your career in a myriad of other directions as well, including capital markets, investor relations, lending and portfolio management for governmental entities, academia, banks or on the corporate real estate side.

While there are other CRE career paths to follow, this list represents the most common fields. And each of these paths may vary based on geography, asset class, and other factors. By carefully considering all factors, your career in commercial real estate can be profitable and fulfilling.

Sources:

• How to Find Fulfillment at Work | Building Careers (buildingrecareers.com)

• How to Brand Yourself for Your CRE Dream Job | Building Careers (buildingrecareers.com)

• The Pros and Cons of a Commercial Real Estate Career | Building Careers (buildingrecareers.com)

• Anatomy of Commercial Real Estate Appraisal: TOP 10 Q&A Guide (rweiler.com)

• Careers in Commercial Real Estate | Adventures in CRE

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GlobeSt 50 Under 40 Award

Leave a Comment / Awards and Recognition, Blog, Building Careers

Here is our selection of 50 achievers in the CRE space that are under age 40. Read their stories to see why we picked them.

When Carly Glova decided to establish a recruiting firm serving the commercial real estate industry, she knew there would be obstacles. Glova had not previously worked in a recruiting position or owned a business, and she faced the adversity of creating a niche in the historically male-dominated CRE industry. Seeing the benefits of her idea, however, Glova pressed on and in 2015, after an almost 10-year career in CRE finance, she founded executive search and recruiting firm Building Careers LLC, which aims to serve as a responsive, industry-focused and personalized hiring solution. Since its inception, Building Careers has experienced a nearly 600% increase in revenue and has doubled its headcount. As president of the company, Glova oversees business development, client and candidate management, manages recruiting and sourcing resources, and executes general business operations. Glova has made a mark on the Southern California market and has become a go-to source for hiring in the space, which has become an even more important function since the Great Resignation left the candidate pool extremely small. Glova speaks on panels and in forums regarding the hiring landscape and she has consulted on the disconnect between employer and employee motivations and how the gap can be closed. She first became interested in CRE during college, where she majored in finance and wrote her honors college thesis on CRE analysis and trends. She began her career on the East Coast with Duff & Phelps in its real estate valuation and consulting practice before moving into the private equity side of the real estate business with Lubert-Adler Real Estate Funds. Attracted by the robust commercial real estate industry in Southern California, she moved to San Diego where she worked for BioMed Realty Trust before founding Building Careers.

To view the full lineup for the 50 Under 40 award, visit the link below.

https://www.globest.com/2022/06/03/50-under-40-2/

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