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On this episode of Deconstructed: The Future of CRE podcast, Nancy Gaudet, SVP at Corcoran Management Company, joins host Vivek Kartha to talk about her company’s focus on the Northeast, the importance of being open to change, and what today’s renters are looking for in a property.
Corcoran is a 70-year-old company with 76 properties and over 12,000 units. It branched out in the past to other states but decided to focus on being the biggest player in its own backyard, the Northeast. This gives everyone at the company a single point of focus.
Nancy has seen some big changes over the years, none as big as the recent changes brought about by the pandemic. Her company is seeing lower occupancy rates in downtown areas, because that’s where most businesses were shut down.
Covid has completely changed the way units are being rented. She never thought she would see the day when they give a prospect a key and let them look at a unit alone. Now, they are even seeing leases signed after just pictures or a video tour.
As Nancy says, no two days are alike. Change, or you won’t make it.
Nancy Gaudet Corcoran Management Company Corcoran Management Company Deconstructed: The Future of CREThis podcast is brought to you by WorkSpace. Remove the friction between assets, data, and people. With a suite of intuitive products, WorkSpace streamlines daily operations for property teams, asset managers, C-Teams, and beyond.
WorkSpace was built for CRE professionals like you. Make quick and confident decisions to deliver greater investor returns. Learn more and contact us at GoWorkSpace.com.
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On this episode of the Deconstructed: The Future of CRE podcast, Todd Jurek, Principal at Keen Realty Group joins host Vivek Kartha to talk about his long career in commercial real estate, his early days working for large companies in property management, and his decision to venture out on his own with Keen Realty Group—a full-service commercial real estate firm based in Houston, Texas.
With more than three decades of experience, Todd has seen many upward and downward trends in the market. He started his career in the mid-80s, one of the biggest bust periods in real estate history. But, as he tells Vivek, he pushed on because he knew if he could make it in bad times, he could thrive in good ones.
When he started Keen, leaving the comfort of working for large companies wasn’t a decision he took lightly. But he knew he had the experience, knowledge, and connections to make it work on his own.
Todd’s biggest piece of advice to anyone thinking about venturing out on their own is to wait until you are confident in your knowledge and experience. It worked for him.
@Todd Jurek
@Keen Realty Group
Keen Realty
@Vivek Kartha
@WorkSpace
WorkSpaceThis podcast is brought to you by WorkSpace. Remove the friction between assets, data, and people. With a suite of intuitive products, WorkSpace streamlines daily operations for property teams, asset managers, C-Teams, and beyond.
WorkSpace was built for CRE professionals like you. Make quick and confident decisions to deliver greater investor returns. Learn more and contact us at GoWorkSpace.com.
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Saknas det avsnitt?
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In this episode of the Deconstructed: The Future of CRE podcast, host Vivek Kartha is joined by Jessica Partington, Senior Property Manager at Daniel Corporation. They talk about her career in the property management industry, her expertise in the retail sector, and her experiences in her specific market, Birmingham, Alabama, a thriving city known for its rich history, architecture, and excellent food scene.
Jessica talks about how the pandemic affected the retail industry, and how there appears to be a shift in retail coming out of the pandemic. This shift is allowing for smaller businesses to lease space that otherwise might not have been practical for them in previous years.
She also talks about how her team turned the pandemic into a time of reflection, where they could look at their business practices and operating procedures and streamline them moving forward to ensure maximum efficiency and cost effectiveness.
Jessica also gives advice for new professionals breaking into the business, including her dream first assignment that would be the best learning situation for a newcomer.
This podcast is brought to you by WorkSpace. Remove the friction between assets, data, and people. With a suite of intuitive products, WorkSpace streamlines daily operations for property teams, asset managers, C-Teams, and beyond.
WorkSpace was built for CRE professionals like you. Make quick and confident decisions to deliver greater investor returns. Learn more and contact us at GoWorkSpace.com.
Deconstructed: The future of CRE
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On this episode of the Deconstructed: The Future of CRE podcast, host Vivek Kartha is joined by Paul Reale, Director of Building Operations Research and Training at CUNY Building Performance Lab. They talk about Paul’s experience at CUNY, and how their organization focuses on high-performance building operations.
Paul has been involved with many projects over the years involving data analysis, management and verification of building performance. But these days, he focuses mostly on how building operators can impact the efficiency of a building’s performance, and how advanced training techniques developed at the Lab can refine those techniques to boost energy performance while decreasing carbon emissions.
As Paul points out, the restrictions on emissions and the expectation of efficiently-run facilities are being elevated on a regular basis. This is thanks to mandates from government on a local, state and federal level, as well as to societal pressure out in the communities where these buildings are located.
Many of the buildings in question are decades old, designed when energy efficiency was not an issue. With new automation techniques, including retrofitting new systems to older buildings, proper operator training is showing great results in meeting and exceeding those new mandates and standards in buildings of all ages.
This podcast is brought to you by WorkSpace. Remove the friction between assets, data, and people. With a suite of intuitive products, WorkSpace streamlines daily operations for property teams, asset managers, C-Teams, and beyond.
WorkSpace was built for CRE professionals like you. Make quick and confident decisions to deliver greater investor returns. Learn more and contact us at GoWorkSpace.com.
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In this episode of Deconstructed: The Future of CRE, we sit down with Jim Hancock, Senior Vice President - Capital Markets at NAI Robert Lynn.
NAI Robert Lynn is one of the biggest and most renowned real estate firms in the Dallas/Fort Worth area, with over 50 years of experience.
The episode begins with Jim discussing the effect that Covid-19 has had on the firm. We learn that the team is back in the office, and things feel almost back to normal. We also discover that despite the pandemic, the company has experienced impressive growth.
Jim also speaks in-depth about the industrial market and why so many are interested in it right now. He explains that currently it’s a great time to be a seller in the industrial market.
The episode concludes with Jim's advice to younger people hoping to thrive and grow a career in the real estate industry: never lose sight of how essential it is to be face to face with people so you can understand them and grow a relationship; always be kind to people in the industry.
Do you want to learn the secrets of running a successful real estate firm in Dallas? Then tune in to the latest episode of Deconstructed: The Future of CRE with Jim Hancock, Senior Vice President - Capital Markets at NAI Robert Lynn.
Resources Mentioned
DocuSign
NAI Robert LynnThis podcast is brought to you by WorkSpace. Remove the friction between assets, data, and people. With a suite of intuitive products, WorkSpace streamlines daily operations for property teams, asset managers, C-Teams, and beyond. WorkSpace was built for CRE professionals like you. Make quick and confident decisions to deliver greater investor returns. Learn more and contact us at GoWorkSpace.com
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On this episode of the Deconstructed: The Future of CRE podcast, host Vivek Kartha is joined by Kimberley Morgan, Managing Director Of Property Management at Stream Realty Partners, to talk about her decades of experience in the property industry, the changes she has seen, and the challenges the industry needs to tackle in the future.
One of the biggest changes Kimberley has seen in her time in property management is the influx of women into management roles. When she started, all the managers and directors were male. In the past ten years, this has shifted to mostly female. Although, as Kimberley points out, there is still room for improvement in upper management.
Another change she has seen is in technology. When she started, the industry used DOS-based software and floppy disks. Now, everything can be done on a phone and the biggest challenge she sees is the adoption rate in the industry, which she says can be noticeably slower with the older generation.
Kimberley closes the podcast by addressing diversity and inclusion. While there has been great progress, she thinks property management has a long way to go, and she is taking it upon herself to mentor younger people of color who are new to the industry to help them to continue to move up the ladder.
This podcast is brought to you by WorkSpace. Remove the friction between assets, data, and people. With a suite of intuitive products, WorkSpace streamlines daily operations for property teams, asset managers, C-Teams, and beyond.
WorkSpace was built for CRE professionals like you. Make quick and confident decisions to deliver greater investor returns. Learn more and contact us at GoWorkSpace.com.
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On this episode of the Deconstructed: The Future of CRE podcast, host Vivek Kartha welcomes David Ferrero, EVP of Capital Markets at The Laramar Group. He shares his perspective on the current state of the CRE world, and what he thinks the future holds, especially involving data and PropTech.
David begins by talking about how the pandemic shock to the industry is unlike any we have seen in modern times.
He talks about how the market keeps trending up and to the right, despite the seismic shifts in where people are leaving, where they are going and what investors are buying. He also discusses whether or not he thinks the current market is approaching a bubble.
He goes on to talk about PropTech and why real estate has been left behind other industries in adapting new technologies and processes to help with decision-making. He explains that the most recent improvement in construction technology is arguably still the nail gun, and how PropTech might change all that.
This podcast is brought to you by WorkSpace. Remove the friction between assets, data, and people. With a suite of intuitive products, WorkSpace streamlines daily operations for property teams, asset managers, C-Teams, and beyond.
WorkSpace was built for CRE professionals like you. Make quick and confident decisions to deliver greater investor returns. Learn more and contact us at GoWorkSpace.com.
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On this week’s episode of Deconstructed: The future of CRE, we speak with Steve Fitzmaurice, Vice President of HUNT Property Solutions based in Buffalo in New York State.
HUNT Property Solutions provides facility resource services across all parts of commercial property management. These areas include building maintenance, energy savings initiatives, capital projects, and construction consultation.
The episode begins with Steve speaking about the challenges the company has faced over the last year due to Covid-19.
We also learn more about the city of Buffalo and how it has become revitalized over the last 15–20 years. Steve gives his perspective on technology and the commercial real estate industry.
A highlight of the conversation is how HUNT Property Solutions has made units safe for tenants following the pandemic. Steve also discusses the importance of communication and building solid foundations with tenants.
The episode wraps up with Steve giving his advice to young people hoping to enter the world of real estate—keep an open mind; make an effort to understand the local market; and keep a bigger perspective.
Do you want to learn more about running a commercial property management solutions service? Then tune in to the latest episode of Deconstructed: The future of CRE with Steve Fitzmaurice, Vice President of HUNT Property Solutions.
HUNT Property SolutionsThis podcast is brought to you by WorkSpace. Remove the friction between assets, data, and people. With a suite of intuitive products, WorkSpace streamlines daily operations for property teams, asset managers, C-Teams, and beyond.
WorkSpace was built for CRE professionals like you. Make quick and confident decisions to deliver greater investor returns. Learn more and contact us at GoWorkSpace.com.
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In this week’s episode of Deconstructed: The Future of CRE, we speak with Eric Roseman, Vice President of Innovation and Partnerships of Lincoln Property Company.
Lincoln Property Company is an international real estate firm providing a comprehensive suite of value-added services for its clients.
The podcast episode begins with Eric talking about the technological changes in real estate and how prop tech affects the way new entrants compete. He also brushes upon how old practices in the industry are reinvented and how technology improves real estate growth.
Eric also tells us how he expects new investment managers or operators to look and behave. Then, expanding on this, he explains how he predicts teams in the commercial real estate industry to be reinvented.
The topic of the tenant experience arises, and Eric explains its importance and his future vision of the practice. We learn all about the term and how it will become more relevant in selling real estate.
The episode wraps up with Eric giving his advice to young people hoping to enter the commercial real estate industry—that is, making an effort to thoroughly understand the tenant the best you can.
Do you want to learn about the future of commercial real estate? Then tune in to the latest episode of Deconstructed: The future of CRE with Eric Roseman, Vice President of Innovation and Partnerships at Lincoln Property Company.
Lincoln Property CompanyThis podcast is brought to you by WorkSpace. Remove the friction between assets, data, and people. With a suite of intuitive products, WorkSpace streamlines daily operations for property teams, asset managers, C-Teams, and beyond.
WorkSpace was built for CRE professionals like you. Make quick and confident decisions to deliver greater investor returns. Learn more and contact us at GoWorkSpace.com.
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In this episode of Deconstructed, Vivek Kartha, CEO of WorkSpace, is joined by John Myers, Managing Director, Property Management at JLL.
Managing a team responsible for over 50 million square feet of office space and mixed-use assets, John has interesting insights into CRE technology.
He talks about the shift in the industry due to remote work and if what we’re seeing is an actual trend, or simply a fad.
He also shares the factor that he sees affecting building values over the next few years that will show the real impact 2020 had on commercial real estate.
John shares the three main buckets of technology he sees rapid engagement in, and how the shift in ownership over the years affects technology adoption.
JLL started a $100M technology fund to invest in startups for commercial real estate. John talks about the role they play in helping owners sort through over 2,000 companies offering CRE technology solutions.
Finally, John gives some sage career advice that could only come from someone with his experience. Anyone wanting a long, successful career in commercial real estate would be wise to pay attention to his advice and the whole episode.
This podcast is brought to you by WorkSpace. Remove the friction between assets, data, and people. With a suite of intuitive products, WorkSpace streamlines daily operations for property teams, asset managers, C-Teams, and beyond.
WorkSpace was built for CRE professionals like you. Make quick and confident decisions to deliver greater investor returns. Learn more and contact us at GoWorkspace.com.
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In this episode of Deconstructed, Vivek Kartha, CEO of WorkSpace, talks with Dennis Grzeskowiak of Bellwether Asset Management. Bellwether started as an independently owned company of three people eight years ago. Today, they manage over $50B in assets with a fast-growing team of over 70.
Dennis shares his three key components of asset management that draw clients to them when they’re feeling pressure in the marketplace—including the goals they provide that make Bellwether a true client partner.
We discuss why for most companies an external solution like Bellwether is a better solution than trying to develop an internal solution.
Dennis also shares the competitive advantages they have over their competitors, including larger solutions like Lone Star and Deutsche Bank.
We also discuss changes that happened in 2020 and what they meant for commercial real estate and Bellwether individually.
Dennis talks about making tech decisions, including the real considerations beyond how the technology is applied.
Finally, the episode ends with great advice for new talent entering the industry—insight based on Bellwether’s two-year training program for new analysts.
This podcast is brought to you by WorkSpace. Remove the friction between assets, data, and people. With a suite of intuitive products, WorkSpace streamlines daily operations for property teams, asset managers, C-Teams, and beyond.
WorkSpace was built for CRE professionals like you. Make quick and confident decisions to deliver greater investor returns. Learn more and contact us at GoWorkspace.com.
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In this episode of Deconstructed, Vivek Kartha, CEO of WorkSpace, is joined by Brett Abrams, Global Head of Portfolio Administration at Cushman & Wakefield.
The episode starts with a discussion about the strange year commercial real estate has had. Brett discusses the differences between companies that were data-ready and those that weren't—including the challenges that data-ready companies were able to overcome that caused other companies to struggle.
He talks about the transition companies were able to make as the year progressed. He also reveals what became a top priority for companies and the question all companies must answer through data moving forward.
Brett also shares why most companies weren't ready for what they faced in 2020, and the detrimental mistake many companies make because of "good" data. He also addresses how companies will treat data in the future, including specific data points that have become a critical part of business continuity planning.
Brett mentions a few "two-button exercises" that all companies should efficiently perform with data. It’s also a simple way to judge whether or not they should outsource something to a data manager.
We also discuss the three ways Brett and his team look at technology systems to make decisions, and the importance of asking the right questions.
Finally, Brett shares how they juggle keeping up with new technologies and what they see as a significant need for the future of commercial real estate.
This podcast is brought to you by WorkSpace. Remove the friction between assets, data, and people. With a suite of intuitive products, WorkSpace streamlines daily operations for property teams, asset managers, C-Teams, and beyond.
WorkSpace was built for CRE professionals like you. Make quick and confident decisions to deliver greater investor returns. Learn more and contact us at GoWorkSpace.com
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In this episode of Deconstructed, we sit down with Brian McLaurin. Brian has an extended history of sales in the commercial real estate software space, including working as a VP of Sales at MRI Software and senior enterprise account executive at Argus.
Throughout the episode, Brian shares his expertise in the real estate industry, giving his thoughts on how companies and individuals should choose prop-tech and what the real estate industry needs right now.
There’s plenty of advice dished out too. When it comes to choosing real estate technology, Brian suggests that companies and individuals figure out their company goals and where they’re going. Then, they should find solutions that promote those goals instead of investing in the latest new trends without thinking the decision through.
Brian also gives his intake on what the real estate industry needs. That is, people with an open mind and a strong desire to learn how the sector works. Brian believes that those who want to have a clear understanding of the industry are more likely to excel in whichever part of the sector they specialize in.
The conversation wraps up with Brian giving his verdict on the much-discussed work from home vs. office debate.
Want to choose the right real estate solutions for your business? Tune in for Brian McLaurin’s expert advice.
MRI Software
ArgusLearn more about Brian McLaurin’s impressive background and skill in real estate software by checking out his LinkedIn page.
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In this Deconstructed podcast episode, we speak with James Scott, the lead researcher at MIT Real Estate Innovation Lab. MIT REIL is a research and development laboratory that measures and assesses the financial and economic performance of innovation in real estate, design, and planning.
James sits down with us to share his expertise on how Covid-19 has opened people’s eyes up to real estate technology and what its adoption over the past year looks like in practice. He also tells us his story of how he joined MIT Real Estate Innovation Lab and talks us through the ins and outs of the company.
The Digital Twin and the Future
One example of adoption James gives is the digital twin, a project that the MIT REIL is working on. A digital twin is the digital interpretation of a physical asset, process, or system. This digital twin enables predictive modeling to deliver proactive modifications for assets. This innovative process can provide greater strategic value for the real estate industry.
James wraps up the conversation by discussing the future of real estate, stating that he believes there will be some type of hybrid or flexible office space that will use real estate technologies.
MIT Real Estate Innovation LabLearn more about MIT Real Estate Innovation Lab and the company’s projects here.
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On this episode of Deconstructed: The Future of CRE, Brad Klatt, Executive Chairman at Logical Buildings, sits down with us to share his insight on the current real estate market cycle, and dives into some emerging commercial real estate trends.
Brad talks about how the market downturn over the past year is hard to compare to previous cycles because this one came about suddenly without much notice. In other cycles, there were a variety of catalysts that served as a warning for a market crash.
He highlights trends we should be paying attention to, including businesses leaving large cities on the East Coast and moving their operations to the Sunbelt. He says these businesses in the Southwest are focused on being technologically advantaged, sustainable, and climate-thoughtful.
Brad explores some of the work they do at Logical Buildings, including how they’ve become one of the most significant energy management software companies in the US. He notes that integrating technology in the real estate sector is crucial for improving risk management, cutting costs, and visualizing what people can achieve.
He closes the show by encouraging young real estate talent to still get out in the field for a few years amidst this technology-heavy shift so that they can truly understand the assets that they’re working with.
Learn more and sign up to be notified about future episodes at https://www.goworkspace.com/
Resources: https://logicalbuildings.com/ https://www.linkedin.com/in/bradford-klatt-312b53b1/
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On this introductory episode of the Deconstructed Podcast, your host Vivek Kartha, provides an introduction for what listeners can expect from this show. He covers:
What is the Deconstructed podcast about What inspired Vivek to start the show His personal background and experience in Commercial Real Estate. Who this podcast is forBe sure to rate the show on your favorite podcast app and subscribe to stay up to date on future episodes.
Brought to you by WorkSpace
This episode is brought to you by WorkSpace. Remove the friction between assets, data, and people. With a suite of intuitive products, WorkSpace streamlines daily operations for property teams, asset managers, C-Teams, and beyond.
Workspace was built for CRE professionals like you. Make quick and confident decisions to deliver greater investor returns. Learn more and contact us at GoWorkSpace.com
