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Bitcoin’s Technology and its Impact on Commercial Real Estate

Bitcoin’s blockchain technology has revolutionized the way financial markets are thinking. In a nutshell, blockchain technology is a continuously growing list of data that is inherently resistant to modification. How can that be applied to CRE? Connect Commercial Real Estate explored what that technology could mean for commercial real estate in their article What’s Blockchain’s Potential Impact on CRE?

Blockchain and CRE Technology

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Five Tips to Springboard Your Career

When is the last time you took a good hard look at your career path? How far you’ve come and where you want to go. It’s never too late, or too early, to set yourself up in your current job to get that promotion, be selected for a new position or find yourself recruited by another organization altogether. Here are five tips to help you prepare for and execute on your next big move.

Let your advocates know

Tell your trusted network about your job aspirations. These friends and colleagues can offer the

advice, insights and introductions that will help you advance in your career – one of them may

even advocate to bring you along with them! And, of course, it’s always a good idea to have a

recruiter as part of your support team. Recruiters are well-networked and when we’re made

aware of what you’re looking for, we will find you matching job opportunities.

Share your progress and success

It’s hard to boast about yourself. And there’s a time and place for it and proper way to do

it. But unless the decision makers in your company (or at the company where you

want to transition to) know about your contributions and the value you bring, they won’t have the

information they need to confidently offer you more responsibility or a new role. Day to day,

keep your head down and get the job done. It’s a great work ethic! But when the time comes –

during a review or a casual walk to grab coffee – be prepared with examples of your

accomplishments to let the right people know what you have been up to.

Keep learning

Continuing your education and professional development is important and can be fun at

any stage of career. When you have decided what your next move is going to be,

go back to the classroom to take a related course or shadow someone in your company.

It will strengthen your marketability and bring you that much closer to the job you seek.

Mentor others

Being a manager comes with great responsibility and the opportunity to truly mentor. Imparting your knowledge and experience will help your team members grow in their careers and allows you to continue to grow in your own.

RSVP Yes

Accept the work and outside-of-work invitations even when you’re buried in emails or so

tired all you want is your couch. You’ll meet someone new, learn something new and inevitably

hear about a new job opportunity. And when that great opportunity presents itself, even if it’s

intimidating, take it!

“If someone offers you an amazing opportunity and you’re not sure you can do it,

say yes – then learn how to do it later.”

– Richard Branson, Founder of Virgin Group

Carly Glova with Building Careers

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Life Science Markets Poised for Outsized Growth

Want to be part of the continued life science boom? Check out our job board for west coast CRE opportunities in that space.

Life Science Expansion and What That Means for Commercial Real Estate

The Connect article sites the below major takeaways from the CBRE report:

“– Employment in U.S. life sciences has risen by 23.5% since 2001, outpacing the overall job-growth rate of 10.2% – Lab-space vacancy rates are tight in primary life-sciences markets, registering at less than 2% in Chicago, 4% in the Bay Area and less than 5% in Boston -Rent growth is robust, including a 50% increase in Boston’s Cambridge submarket since 2013 – Venture capital investment in the U.S. life-sciences industry now is 53% greater than 10 years ago”

Clearly life science and biotech is a hot market, and we are excited to see the economic benefits of the space needs and research results of theindustry.

Read the full article here: U.S. Life Sciences Markets Poised for Outsized Growth

Originally published on Connect on January 22, 2018 from research published by CBRE

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What you need to know about Amazon’s 20 finalist cities for its second headquarters location

Amazon’s second HQ decision is down to the finalists. What kept these 20 cities in the running?

The finalists include:

  • Atlanta
  • Austin
  • Boston
  • Chicago
  • Columbus
  • Dallas
  • Denver
  • Indianapolis
  • Los Angeles
  • Miami
  • Montgomery County, Maryland
  • Nashville
  • Newark
  • New York City
  • Northern Virginia
  • Philadelphia
  • Pittsburgh
  • Raleigh
  • Toronto
  • Washington, D.C.
Amazon HQ

What you need to know about Amazon’s 20 final cities

Originally published by Kaya Yurieff, Nathaniel Meyersohn and Chris Isidore @CNNTech on January 18, 2018

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How Much Money Should I Be Making in Commercial Real Estate?

It’s 2018. It’s January. It’s the start of new resolutions and a great time to look at where we are in our careers. For many, it might also be time for our annual reviews and bonus and promotion discussions. The insightful 2017 Real Estate Compensation Survey conducted by CEL & Associates, Inc. lists the many real estate industry jobs out there and their associated salaries and bonuses.

I pulled together the below charts to provide a visual representation that highlights select roles and role levels.

TopeExecutive Salaries by Asset Type
Senior Manager Salaries by Asset Type
Mid-level Manager Salaries by Asset Type

Working with folks in these positions daily, I want to share with you some observations that I took from the compensation study:

  • Roles in the residential arena pay significantly less than office and retail, with retail real estate roles paying the most. It will be interesting to see how those trends develop as our industry continues to evolve.
  • Roles in leasing tend to have a larger percentage of their compensation rooted in bonus, so while their base salaries may be lower, their bonuses are higher. This isn’t as apparent in residential leasing, however.
  • As you would expect, the higher the level of position, people tend to receive a larger bonus as a percent of their salary, so not only is the bonus percentage increasing with seniority, but the base number that it is based on increases as well.
  • As a general proxy, based on a small sample size of numbers I tested compared with average salaries I have seen in the local market, San Diego pays about 10% less than the national median numbers published in this survey.

Stay tuned as we provide some inspirational insights next month regarding how to springboard your career in the direction of those executive roles (and compensation packages!).

*Thank you to CEL & Associates, Inc. for the information.

Please note that the compensation figures presented represent a composite of all companies participating in the 2017 CEL National Survey and are not stratified by

ownership/type of company (public vs. private), company size, product specialization, regional geographic location, or metropolitan area. Further, factors such as tenure,

experience, role and responsibility will impact compensation levels and benchmarks (percentiles) for the evaluation of any comparative situation, as will the financial situation of

a company and its investment and business strategy.

(1) High = 75th percentile, Median = 50th percentile, Low = 25th percentile.

Survey Completed 2Q 2017.

Source: CEL Associates, Inc./CEL Compensation Advisors, LLC (c) 2017 National Real Estate Compensation Survey – All Rights Reserved. Not to be referenced or

reproduced in any form without prior permission in writing: 12121 Wilshire Blvd., Suite 204, Los Angeles, CA 90025 Tel. (310) 571-3113, Fax. (310) 571-3117.

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The world’s most anticipated buildings in 2018

Who is brave enough to live in the penthouse of the US’s tallest wooden high-rise? New year, new buildings to look forward to!

Colored Buildings | Architecture and Design Trends 2018

What is your favorite trend? Undulating facades, multi-colored legos, or interlocking staircases?

Take a look at the stunning buildings slated to be delivered this year.

The world’s most anticipated buildings completing in 2018

Originally published on December 31, 2017 by CNN.com

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What can we expect from CRE in 2018?

2018 continues to be talked about in a positive light for the real estate industry. There will always be a need for brick and mortar, regardless of how much technology continues to disrupt our society. The way we use those buildings just may require more and more creativity. The below article is a great read whether you own real estate, work in the industry, or are just plain curious.

Commercial Real Estate Outlook for 2018 | Creative Real Estate

According to Deloitte, there are four focus areas where commercial real estate companies can focus to help them continue to grow and maximize value. They are:

  • PRIORITY ONE | UNLOCK THE VALUE OF REITS: ACCELERATE BUSINESS
  • PRIORITY TWO | FOCUS ON RE FINTECH STARTUPS: AVAIL ALTERNATIVE CAPITAL OPTIONS
  • PRIORITY THREE | EMBRACE ROBOTICS & COGNITIVE AUTOMATION (R&CA): AUGMENT PRODUCTIVITY
  • PRIORITY FOUR | REIMAGINE TALENT AND CULTURE: ADVANCE PEOPLE

Read the full article here: Commercial Real Estate Outlook 2018

What can we expect from CRE in 2018? Read More »

Starting 2018 with Gratitude

It’s the people we share the important moments with that truly impact our lives. They challenge us to be the best we can be and to get better at what we do and how we do it. As I wrap up the year and reflect on what I have experienced and learned over the past twelve months (now an annual tradition), this is what I take with me into 2018…

Gratitude for the exceptional job candidates and companies that put your trust in us and gave Building Careers your business. The relationship between a recruiter and a client isn’t always a slam dunk. But what I can tell you is when the partnership is collaborative and transparent, the investment is well worth it.

This past year, the Building Careers team has enjoyed working with your organizations in positions ranging from real estate asset management executives to vice president-level construction and development managers and everything in between. Many of you challenged us to look at your professional and business needs in new and different ways and to put any assumptions aside. When we did, the recruitment process was more efficient and the end result was more successful.

Family comes first and my daughter, born in April, reminds me of that every day. It has been a whirlwind ever since she came into our world and balancing a family, a business and running a household has taught me a whole new level of patience and gratitude. Ultimately, every night, before my head hits the pillow, my husband and I tuck our beautiful little girl into bed (hopefully in one go!) and I reset my worries and priorities and I smile. I am now a mom thanks to her and she deserves everything I’ve got!

This past year you saw a lot more of the Building Careers team – Julia Turpit and Regan Shouldis – so you know just what they’re made of. Delegation doesn’t come naturally to everyone. Me included! However, this was my year to ‘manage by letting go,’ and I had to step outside of my comfort zone to do it. Julia and Regan pretty much ran the show from April to July and did an outstanding job. The bar has been raised and we are well positioned for a productive and exciting 2018.

The real estate industry will continue to evolve in 2018 with a sharper focus on emerging technologies, the need for faster and more accurate data access to allow for improved tenant service, rapidly changing tenant dynamics, customer demographic shifts, talent nurturing and company culture. We are ready and continue to develop expert solutions by working from the viewpoint of the client community we are so fortunate to represent.

Thank you. Happy holidays to you and your loved ones. See you next year!

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7 Hacks to Crush Your First Leadership Role

According to the article “Try These 7 Hacks to Crush Your First Leadership Role“, only 4% of millennials had an interest in managing others. Nearly half of that generation, however, are already managing people. Admittedly, most companies do not have a great process in place to train and nurture these leaders. The seven suggestions below are ways millennial leaders can prepare for their future management responsibilities:

  1. Exercise your emotional intelligence and admit when you don’t know something
  2. Ask intelligent and thoughtful questions
  3. Associate with your own cheering section of mentors and sponsors
  4. Be authentic and vulnerable in all of your interactions
  5. Work hard and put in the extra time
  6. Take note of and work to address others concerns
  7. Appreciate and enjoy the opportunity

Published by Dan Negroni on LinkedIn on December 1, 2017.

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The Biggest Commercial Real Estate Stories Of 2016

From major mergers and capital constraints on apartments to the co-working revolution and the Fed finally making its move on interest rates, 2016 was not without its major commercial real estate stories. But, of course, the biggest one of all won the American presidency. See below for the major commercial real estate news highlights on 2016.

2016 Presidential Election and It's Effect on the Commercial Real Estate Market
  1. Enter Donald Trump
  2. Marriott International Grows With Starwood Merger
  3. Creation of ColonyNorthStar
  4. China Becomes Major US Real Estate Investor
  5. Banks Pull Back On Apartment Construction Lending
  6. Merger Mania In Dixie
  7. Hines REIT Liquidation
  8. Fed Makes Its Move. Finally.
  9. The VTS/Hightower $300M Merger
  10. Co-Working Takes The US By Storm

Originally published by Jarred Schenke for Bisnow on Dec 23, 2016. See additional details on these commercial real estate 2016 highlights in the full article here: The Biggest Commercial Real Estate Stories Of 2016

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