Industry Insights

New Unemployment Claims Fall to Near 49-Year Low in U.S.

People Walking to Work | Unemployment Decreasing

The Labor Department recently reported that initial claims for state unemployment benefits dropped to the lowest level it has been since December 1969.

The economy is still in an upswing and it is still a candidate’s market.

Published on Connect.media on September 7, 2018.

New Unemployment Claims Fall to Near 49-Year Low in U.S.

New Unemployment Claims Fall to Near 49-Year Low in U.S. Read More »

What is Driving the Uptick in Reverse Commutes?

While the Live, Work, Play concept is vastly appealing to many, research is showing that urban jobs are not necessarily being created as fast, which is contributing to the increased number of people living the reverse commute. Will we ever get to a balanced Live, Work, Play environment?

Reverse Commute | Live, Work, Play

Published on July 12, 2018 on Connect Media

What’s Driving Uptick in Reverse Commutes?

What is Driving the Uptick in Reverse Commutes? Read More »

What Do I Do After Graduation? The Power of Networking

Go travel, spend time with family and friends and have some fun! Then, it’s time to be an adult, put your quality education to good use and start paying the bills. It can be a daunting time looking for your first real job but also an exciting one. And if done thoughtfully, the decisions you make here will lay the foundation for a successful career doing what you love and doing it well.

I am honored to be conducting a webinar for my college alma mater, Penn State, in September. The dialogue will be around “How to Navigate a Candidate’s Market” and as I begin to prepare for it, I have been thinking a lot about my experience from college student to job candidate to business professional.

Between freshman and senior year, I went from studying marketing to finance to commercial real estate, the latter being my ultimate calling and what, as many of you know, I am immersed in today. I bounced around for a bit but my journey to finding my dream career fortunately came to me relatively quickly. And I think it is because of something I was taught to embrace early in my college and professional life: The power of networking.

Your network is your continuing education and where your professional growth continues

It’s never too early to network and create a community of genuine relationships that will propel you in your professional life. Think of these people you meet and the relationships you nurture with them as your support system. They are the colleagues, mentors, bosses, team members, employees and college friends who will directly and indirectly influence your career path, educate you about your industry and role of choice and ultimately refer you to relevant opportunities. Your network will open doors you may have not even known existed.

When I embarked on the endeavor of creating my own real estate recruitment company, I spoke with anyone and everyone, especially in the commercial real estate world. This curiosity and desire to understand each person’s role in the industry and what motivated them gave me the clarity I needed to confirm it was exactly what I wanted to do for a living.

Your network will help you be your best self

When you spend time with your network, it’s also a check in with you. Where are you in your career and where do you want to go next? Oftentimes we go to college or specific schooling not truly knowing what we want to study and do for the rest of our lives, me included! And unfortunately, some high-potential students graduate with the same uncertainty. You’re not alone if you are one of them.

Around the time of my graduation, my created network suggested I take a personality assessment to identify my personality type and help me validate my interests, aptitudes and quite frankly what I was probably not going to be good at. It was invaluable. My network also referred me to two of my now favorite books: Strengths Finder 2.0 by Tom Rath and What Color is Your Parachute? by Richard Nelson Bolles. I highly recommend both!

Your network is your group of trusted advisors. Follow in their footsteps. Seek their advice. Ask for help when you need it to make a hard decision. Be inspired by them. They will celebrate your successes and hold you accountable to always be the best you can be now and in the years to come. I am grateful for mine.

Congratulations to all of the graduates out there! Your next chapter has just begun. All the best in the endeavors that await you!

Network | Connection | Six Degrees of Separation

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Royal wedding’s $1.4 billion economic impact: Here’s the boost by sector

While the Royal wedding may have not had a direct impact on commercial real estate, certain industry sectors did get a boost. Read on to see which areas of the economy were measurably impacted: Royal wedding’s $1.4 billion economic impact

Article published by Victor Reklaitis on May 18, 2018 on MarketWatch.com

Royal wedding’s $1.4 billion economic impact: Here’s the boost by sector Read More »

The (Potentially) Bumpy Path From Property To Asset Management

Many of our clients value the skills that a property manager brings to the asset management side. Find out how to avoid roadblocks and think in terms of value-creation and financials if you are considering making the transition.

A few tips include:

  • Become familiar with the finance side of the assets
  • Prepare to take a step backwards (in title and financially) in order to learn the analytical aspects
  • Think about ways to enhance property value and financial performance and effectively get clients on board with those programs
Thinking Analytically can Ease the Transition from Property to Asset Management

Originally published by John Salustri on GlobeSt.com on April 2, 2018

The (Potentially) Bumpy Path From Property to Asset Management

The (Potentially) Bumpy Path From Property To Asset Management Read More »

A Women’s Place is Slowly But Surely Becoming Apparent in Commercial Real Estate

I recently heard Hamid Moghadam, CEO of Prologis, speak at Burnham-Moores 22nd Annual Real Estate Conference. He ended the conversation by discussing his company’s policies to increase the number of women across all departments. It was empowering to hear that a company with such a presence on the world commercial real estate stage has specific policies to promote women. Many more companies and countless organizations have pledged to be champions and advocates of women in the commercial real estate space. We are proud to work with a number of clients who make this diversity a focus in order to compliment their already successful businesses with women that can take their companies to the next level.

Women in Construction | Commercial Real Estate Construction

These changes are even taking place on construction sites. Construction sites and careers have a reputation that has not historically been conducive to women. Read here about the incredible organizations across the country who are working tirelessly to promote diversity in the trades.

A Women’s Place is Slowly But Surely Becoming Apparent in Commercial Real Estate Read More »

Commercial Real Estate Executives Positive Despite Cautious 2019 Outlook

The Real Estate Roundtable’s Q1 2018 Economic Sentiment Index shows that executives in the commercial real estate space still anticipate “strong near-term asset values and capital availability.”

Highlights from the report include:

  • Survey respondents feel comfortable with where the current 2018 market is, but are concerned about 2019
  • Capital sources are making more calculated decisions
  • Asset values seem to be peaking
  • Competitive and available sources of capital are prevalent
Commercial Real Estate Outlook | 2018 to 2019

Read the summary and access the full report at Connect.media.

Commercial Real Estate Executives Positive Despite Cautious 2019 Outlook Read More »

Economic Impacts of Commercial Real Estate: 2018

According to NAIOP Research Foundation’s annual report, commercial real estate development and operation of existing buildings generated the following economic benefits:

  • Supported 7.6 million American jobs in 2017 (a measure of both new and existing jobs).
  • Contributed $935.1 billion to U.S. GDP.
  • Generated $286.4 billion in salaries and wages.
US Economy and Commercial Real Estate

Read the full report to understand the full impact that commercial real estate has on the economy. Originally published by Dr. Stephen S. Fuller in January 2018 on NAIOP.org.

Economic Impacts of Commercial Real Estate: 2018 Read More »

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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