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Starting 2018 with Gratitude

Leave a Comment / Blog, Building Careers

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

Leave a Comment / Blog, Set Yourself Up For Success

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

Leave a Comment / Blog, Industry Insights

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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Where Will Amazon Build It’s Second Headquarters?

Leave a Comment / Blog, Industry Insights

With Amazon’s September announcement that is will be building another Seattle-sized headquarters, cities put their best and most creative brainpower into telling Amazon why they should choose their city.

What’s in it for the chosen finalist? A campus the size of it’s current Seattle headquarters, $5 billion in construction spend, and 50,000 plus high-paying jobs.

Cheering Crowd | Pick Me Amazon

Numerous cities have been named as stand out candidates including New York City, Denver, Austin, Boston, Chicago and Washington, D.C., Detroit, Pittsburgh, Minneapolis, and Baltimore. The site of the new headquarters will undoubtedly need to have quality higher education, functional infrastructure, and significant government backing.

Finalists are announced in December with the winning location to be announced in 2018. We are all excited to see which city gets economic boost from the Amazon powerhouse.

Read more about thoughts on the expansion by some of NAIOP’s Distinguished Fellows:

The Search for amazon’s Second Headquarters.

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You Have to Kiss a lot of Frogs

Leave a Comment / Blog, Building Careers, Set Yourself Up For Success

How Interviewing for Jobs is Like Playing The Dating Game

Searching for a new job, whether currently employed or not, can be a frustrating and tedious process. I often work with candidates who are struggling to find “the right” position and company. Some are exasperated because it’s taking too long and others are discouraged because they are seeing a lot of opportunities in the market but none quite right for them.

In order to help candidates have more patience and understand the process, here’s what I tell them: Job hunting is a whole lot like dating. Finding the right partner doesn’t happen overnight and in the meantime there’s a lot of trial and error that must take place.

The same is true with job hunting. The saying, “you have to kiss a lot of frogs,” is similar to my sentiments when it comes to interviews. While interviews can be hard to get, nerve-wracking once they’re scheduled, and sometimes not lead to a match, they are a crucial part of finding the right fit. Going on interviews, like going on dates, is how you determine your likes and dislikes and your must-haves and can-live-withouts. Interviewing is how you get an overall sense of a company and the open position and whether or not you will be fulfilled – professionally and personally – and where your contributions will be needed and recognized.

What I also share with candidates is: When in doubt, submit your resume and go on the interview. Submitting a resume through a recruiter who has a close partnership with the company you’re interested in gives you a much stronger chance of making sure your resume is seen by the hiring managers. It’s an initial stamp of approval similar to being introduced by mutual friends in the dating world. If the company is interested in meeting with you but you’re hesitant that it’s not the right fit, go anyway. You may be pleasantly surprised and realize it’s your dream job (trust me, it happens all the time) and if it falls short, then you walk away with added industry knowledge and a solid hour of interview practice.

I personally have faced the frustration and ups and downs of the job search process. Having jumped in headfirst to a few positions then realizing they weren’t right for me, I had to start again. I took this time to really do my industry research, connect with my network and go on plenty of interviews. It took me three wrong positions to figure out what the right one was, but I had faith in the process and now couldn’t have asked for a better professional match.

When all else fails, keep trying. Eventually most people realize it’s better to keep “dating,” seeing what positions and companies are out there, and making sure there’s a mutual fit before jumping to the next job. Remember, it’s just a process and in the end, it works out as it should.

By: Julia Turpit, Director | Recruiting Consultant

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California bosses can no longer ask you about your previous salary

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Effective January 1, 2018. California employers will no longer be able to ask your previous or current salary. Applicants are free to volunteer this prior compensation information, and companies may then consider than information in their offer packages. Companies will also now be required to provide applicants a salary range for open positions.

The goal of this legislation is to narrow the gender pay gap. “In 2016, California women who were full-time wage and salary workers had median weekly earnings of $814 or 88 percent of the $925 earnings of their male counterparts, the U.S. Bureau of Labor Statistics reported last month. That’s down from 90.2 percent in 2005.”

Read the full article here: California bosses can no longer ask you about your previous salary

Originally published by Margot Roosevelt in the Orange County Register on October 12, 2017

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NAIOP CRE Sentiment Index: Cautious Optimism for U.S. Commercial Real Estate Market Over Next 12 Mon

Leave a Comment / Blog, Industry Insights

The NAIOP CRE Sentiment Index for September 2017 indicates that commercial real estate fundamentals are generally positive, but there is still some uncertainty. An index number greater than zero, like the current 0.49 number, indicates that respondents believe that general market conditions over the next 12 months will continue to be favorable for the commercial real estate industry, and overall conditions will be better in 12 months than they are today. This survey reflects an expectation that the commercial real estate market will be moving ahead at a more cautious pace than what was expected six months ago, and at about the same pace as measured one year ago.

Read the full article here: NAIOP CRE Sentiment Index: Cautious Optimism for U.S. Commercial Real Estate Market Over Next 12 Months

NAIOP CRE Sentiment Index: Cautious Optimism for U.S. Commercial Real Estate Market Over Next 12 Mon Read More »

Want to Get Ahead of the Wealth Curve?

Leave a Comment / Blog, Industry Insights

What You Missed at CRE.CONVERGE 2017: BUZZED-ABOUT TRENDS, TECH AND NETWORKING

NAIOP’s CRE.Converge 2017, held in Chicago October 10-12 brought together over 1,500 professionals from across North America for networking, deal-making and lively discussion.

Grow Your Wealth | Real Estate Investments

Above is a link to NAIOP’s conference recap, including industry thoughts on geopolitical trends, disruptive technologies, global economic investments, and strategic development approaches. Especially interesting to me was the discussion on the fourth wave of wealth and prosperity. Want to get ahead of the wealth curve? Find out what keynote speaker Dr. Michio Kaku shared surrounding his big-picture predictions for The Fourth Wave of Wealth and Prosperity its implications for commercial real estate.

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