Friday, February 15, 2019

Golden InfoNuggets - Business, CRE, Tech, Blockchain and AI - February 11-15


BUSINESS, COMMERCIAL REAL ESTATE and TECH GOLDEN INFONUGGETS

We use a powerful method of sharing - post #GoldenInfoNuggets on Social Media multiple times daily or in regular emails (every 5-15 days).  We’ve been sharing the essence of articles and a few powerful comments regularly.* 

Commercial Real Estate, Technology, Blockchain & AI


Andreas Senie (11 years - sales, real estate) noted:  #CRE #TECHNOLOGY COMPANIES DO MORE TOGETHER. "Don't take my word for it... industry experts from across property technology #Proptech, #CREtech and the CRE industry all agree!  #Collaborate and you win! CRE technology continues to expand daily by bridging the gap in various related, but previously siloed, areas across the industry.  It’s a trend that’s unlikely to slow down.  With technology’s ubiquitous role in society and the unrelenting demand for highly accessible #information, real estate #innovators will continue seeking new #solutions to age-old industry challenges." (#AI #CommercialRealEstate #Connectivity #Analysis #Business #Data #Research #Expansion #Investment #SmallBusiness #Startup;
edited - Lnkd.in/ejRB3Nq):
  • "Continuing to streamline the industry’s inefficiencies at a seemingly breakneck pace: an increasing number of industry leaders are seizing opportunities to share #data and #functionality with the goal of doing better, together [#cooptition] versus #silos!   In order to rapidly meet the demand of the #MultiFamily sector, companies are finding themselves partnering together to assist both the asset #Management and #ConsumerFacing side of the business.  Lnkd.in/effM8qi
  • "Adding significant momentum to the shift towards dependency on #collaboration is the modern renters’ demand for tools that support independence throughout the leasing process.  Prospective renters expect relevant information in real-time, already experienced across almost all other aspects of life.  Those partnering together on different integrations yield more flexibility and access for customers AND a recognition that collaborative CRE technology companies are significantly more impactful."  Lnkd.in/eSU924H
  • #SEAMLESS #INTEGRATIONS. Companies in similar spheres are finding value in sharing their product functionality:  ButterflyMX (smart intercom platform maker) & MobileDoorman (custom-branded resident apps for multifamilies); Engrain (interactive technology and data visualization software solutions) & RealPage (global provider of software and data analytics); roOomy (virtual-staging and 3D-modeling platform) & Matterport (immersive, 3D-media technology); CompStak (data) & Dealpath (CRE acquisitions management)."  Lnkd.in/eE5EZtV
  • "Today’s successful integrations are poised to drive greater overall adoption by what many consider an industry that has lagged in its embracement of new technology. Those who recognize the boundless potential presented through several strategic partnerships are best positioned to stand out among this increasingly crowded real estate technology scene."   Lnkd.in/e4Uca_Z

Angelica Krystle Donati (12 years - entrepreneur, writer).  "#TECH CONTINUES to SEE #LONDON as its EUROPEAN HUB, DESPITE #BREXIT - #research shows that as long as London remains a hub for the big-tech #multinationals and the UK continues to see an inflow of #talent, it’ll be fine, Brexit or not (#2019predictions #CRE #Technology #Analysis #Business #Data #Science #PropTech #Research #Expansion #Investment #SmallBusiness #Startup; edited - Lnkd.in/ewXrn7e):
  • Private Rented Sector (#PRS) and Build to Rent (#BTR) will continue to grow.
  • London’s office market remained healthy in 2018, and rental values are expected to remain stable into 2019.
  • London remains the top gateway city in the world, as it maintained its position as the number one destination for global real estate investment in 2018, to continue into 2019.  
  • Though yields are at a historic low, robust corporate occupier fundamentals are leading to positive returns."

Commercial Real Estate and Business


Don Catalano (30 years - real estate). "#OFFICE #BUILDING #FEATURES to ATTRACT #CORPORATE #TENANTS - which ones are truly the most desirable in the marketplace? (#CRE #Technology #Analysis #Business #Research #Expansion #Startup; edited - Lnkd.in/emvWJ2k):
  • ON-SITE #WELLNESS CENTERS - as more people are become very health conscious, buildings with gyms and fitness studios are a major draw for companies: better work-life balance, workers who exercise regularly use fewer sick days and can even lower health insurance costs.
  • #FOOD ACCESS - rather than spend lunch break searching out food, more and more office workers want creative ways to bring lunch right to the facilities: cafeteria or restaurant on-site, have a large food court with many dining options available or sign contracts with food trucks to provide pop-up outdoor food courts." Lnkd.in/eq-WHVY
  • #LEED-CERTIFIED buildings offer benefits for companies and their employees alike. The energy efficiency of these facilities can greatly reduce utility costs, and studies have found that employee morale is often higher and worker productivity soars in these green facilities.
  • OUTDOOR #GATHERING AREAS - enjoying some fresh air without having to stray away from the building is a major perk. More and more office buildings are offering al fresco gathering areas from rooftop decks to atrium gardens to outdoor green spaces and gardens." Lnkd.in/eY4BjJB
  • #NATURAL LIGHTING - a huge amenity for companies and happy workplaces: large, uncovered #windows and #skylights [with auto-dimming when direct sun], as important in shared areas of the building, workers near windows, eliminates the cavernous cave feel, reduces eyestrain and improves employee #morale.  
  • EASY #ELEVATORS - with low/no delays, so important to have multiple, fast-moving elevators. Visit the building at "rush hours" to guage congestion. [Key-card access needs to be user and #customer friendly, with low/no bottle necks at the #security desk.]   Lnkd.in/ecGUTrc


Taylor Wescoatt (33 years - product developent, capitalization) via Angelica Krystle Donati (12 years - entrepreneur, writer).  "WHAT DO #PRODUCT PEOPLE ACTUALLY DO? [Timeless article and vision, 7/2016] When I presented to startups at @Seedcamp's quarterly onboarding sessions, I found that even these leaders of tomorrow have little experience with the discipline of Product, so I started with the basics.  I've written up a post on Seedcamp's blog that delves into the detail how it feels and what you see if you're getting Product's three pillars of quality, namely:  Prioritisation, User Insight and Clarity."  
(#CRE #Technology #Analysis #Business #Data #PropTech #Research #Investment #SmallBusiness #Startup; edited - Lnkd.in/ecT-sB4):
  • #PRIORITIZATION.   When going well, everyone in the company knows what's in #development, in what order, aligned well with your business #strategy, leaders feel heard, and priorities are addressed.  To get there, create a #LongTerm #Roadmap laid out in general and a #ShortTerm (90 day) roadmap locked in with only the highest priority #metrics in focus. There’s a high-bar for any changes to this, only really-amazing ideas enter the development #queue, with others revisited later."  Lnkd.in/em3y6dW
  • #USER INSIGHT.  It's going well when you engage your users regularly continuing a sense of what they want, like, dislike, use it for and change weekly. This feeds your #planning processes.   To get there, engage several qualitative types of #UserResearch, distributing summaries across the organization or #CustomerCouncil.  Validate before burning #developer time on #features. #Analytics features prominently in weekly meetings."  Lnkd.in/ep3R9-2
  • #CLARITY.  When going well. product acts as a bridge between most internal teams, giving them all a sense of what’s going on and how they can impact it: clear #development requirements, #delivery knows the 'why' on each task, and product #performance is part of day-to-day vocabulary.  There are regular product performance updates on recently launched features and progress toward goals; perhaps a Product Council; a well-understood process of idea to delivery; and developers demand clearly-defined work."  Lnkd.in/eQC8uGX  


EDMdigest via Ali Sahabi.  "NEXT MAJOR #CALIFORNIA #QUAKE is IMMINENT!   It’s overdue, per US Geological Survey, #USGS) - a huge quake on a fault line in California could be catastrophic for 26,000 people, burning at least 50,000 homes.  (#Technology #Investment #Business; Linkedin Comment for Lnkd.in/gV7ifCq):
  • The 'HayWired' fault name was chosen 'to emphasize the need to examine our #interconnectedness and reliance on #telecommunications and other lifelines, such as #water and #electricity.  The Bay Area continues to take steps to prepare for and mitigate such a disaster, such as  reinforcing existing structures such as the Stanford University football stadium, which lies directly on the fault."  (edited) 
  • Definitely will impact #CRE and #Housing in Calif.  EVERYONE needs to be prepared with a plan, food, water, etc - see local #EmergencyPreparedness stores, organizations or #RedCross for classes and kits.  Also, take Community Emergency Response Team (#CERT) training.  Great for a possible #EMP attack as well.   

Much more from earlier and originals at our LinkedIn Posts

Please email the links to your related articles to Articles@ProsperSystems.biz - especially the following headline, the subject of our deepening research.  We'll share them as #GoldenInfoNuggets for our followers, and notify you when we do, so you can re-share and re-mind your followers of your content. 

LinkedIn • LinkedIn Company Page • Twitter
USA 302KentonJ (GoogleVoice 302-536-8665 to mobile and Hangouts)

NOTE:  We do ANALYSIS of Real Estate LEASEES, PROPERTIES, BUSINESSES and STARTUPS
_______
*GOLDEN INFONUGGETS are: 
  • Quickly consumedmemorable and powerful
  • Linked to the source for much-deeper information
  • Edited and summared showing understanding and thought leadership
  • Mainly shared content from professionals in Commercial Real Estate, Business Consulting, and Thought and Executive Leadership
  • Shared on:  LinkedIn (personal)LinkedIn (company)Twitter (sometimes from LinkedIn), then highlighted on our Blog (weekly), The News Funnel (weekly), as a LinkedIn article (weekly) and our GoogleGroup InfoPortal (weekly/semi-monthly)
  • Posted originally at LinkedIn.ProsperSystems.biz.
Of those who we've shared, the savvy ones Like or Comment on these #GoldenInfoNuggets as additional exposure, as well as serve the community and remind their followers of their wisdom.

Friday, February 8, 2019

Golden InfoNuggets - Business, CRE, Tech, Blockchain and AI - February 4-8


BUSINESS, COMMERCIAL REAL ESTATE and TECH GOLDEN INFONUGGETS

We use a powerful method of sharing - post #GoldenInfoNuggets on Social Media multiple times daily or in regular emails (every 5-15 days).  We’ve been sharing the essence of articles and a few powerful comments regularly.* 

Commercial Real Estate, Technology, Blockchain & AI


Michael Beckerman (29 years - public relations, real estate).  HOW'S THE #CRE INDUSTRY ADAPTING to #TECH (#AR #VR #PropTech (edited - Lnkd.in/eBRxwRX)
  • "Older execs continue to struggle with spreadsheets and virtual reality, but the younger generation has no problem using these tools.  [Time to catch up or be replaced by a #Millennial or #Robot.]
  • Complexity is our greatest challenge.
  • 84% of CRE execs think that #technology is the solution to the industry’s complexity, but only 11% of CRE execs consider themselves on the #LeadingEdge of technology.  89% are not able to leave their comfort zone.
  • More than 50% of CRE leadership said they were planning to become more #DataCentric.
  • #Mobile tech has made the traditional 9-5 cubicle life practically obsolete.
  • #Business is migrating from the office to the #smartphone, spending approximately five hours per day on their mobile devices.
  • Unified monitoring through #MobileManagement can anticipate 25% faster repair times and 20% less #downtime.
  • The largest single #disruption coming to CRE will be #AI that can replace a #realtor.”
Angelica Krystle Donati (12 years - entrepreneur, writer).  #PROPTECH #STARTUP #SURVEY (pt 1 of 12, labeled #StartupLife) - . "70 responses from PropTech founders from many countries, backgrounds and diverse areas of #RealEstate, with many #tech solutions.  Looking at motivations for getting into this industry, the barriers they faced, the joys and disappointments they experienced, and much more. The goal is to understand what truly goes into being a PropTech startup founder."  WHY BECOME A FOUNDER? (#CRE #Technology #AI #Data #Science #Research #Investment #SmallBusiness; edited - Lnkd.in/ejJz5BT for Lnkd.in/eXm4v6J):
  • GBuilder, Finland - "Couldn't find a comprehensive solution to bring the customer to the center of the #construction process, so created one ourselves."
  • Student Tenant, England - "Relaunched a failing #investment - very-scalable model in a large niche."
  • HomeBeat.Live, Berlin- "The lack of transparency and efficiency in 2 #HOA-controlled buildings was mind-boggling, so we created a #digital solution."
  • FixFlo, London - "Solved a widespread problem found #renting out property #remotely." Lnkd.in/eU8bmHP
  • Aegis AI, South Africa - "Due to high, violent crime rates, I used #AI to automatically identify guns in existing security camera feeds."
  • WhyHotel - "We realized there’s an underlying inefficiency to how newly-constructed apartment buildings are delivered to market, so we rented out unoccupied luxury apartments during the lease-up phase."
  • Ideal Flatmate, London - "We become frustrated finding a new flatshare. so build something that focused on people first."
  • Exquance - "A large real estate investment company's Excel models were really slow and took up 75% of a day, de-focusing ca more-important work, so the founders created one of their own platform."
  • hOM - "While making wellness more accessible through a meditation studio, their landlord paid for yoga classes to the tenants as an amenity ... pivot!" Lnkd.in/ens3vgr

Commercial Real Estate and Business

Todd Tretsky (25 years - real estate finance) noted: MBA FORECASTS STRONG #COMMERCIAL #MORTGAGE MARKET FOR 2019 (#2019predictions #Analysis #Business #Data #Research #Investment #Startup; edited - Lnkd.in/ePrTyW3):

  • "55% of the #CRE-leading firms expect originations to increase this year, with 13% predicting an overall increase of 5% or more across the entire market. When forecasting just their own firm's originations, 38% expected to see an increase of 5% or more in 2019.
  • "88% of originators reported that borrowers had 'strong' or 'very strong' appetites to take out new loans last year, while 78% expect borrowers' appetites this year to be 'strong' or 'very strong.'

Don Catalano (30 years - real estate). #TIPS 4 #LEASING #OFFICE #SPACE. "When considering new office spaces for your company, don't overlook the fine details beyond #cost and size of various spaces ( #CRE #Analysis #Business #Research #Expansion #Investment #Startup; edited - Lnkd.in/eDeDZa4):
  • #PARKING - find out how many spaces in the parking lot or garage will be reserved for your company and what steps are taken to enforce the parking rules.
  • #SIGNAGE #RIGHTS - for brand building. If you're occupying a large portion of the building, have your name added to the exterior or displayed on a roadside marquee. At the very least, your business name should appear on a directory inside the lobby." Lnkd.in/eJ_q5_J
  • #CELLPHONE RECEPTION - walk through the space with your smartphone or tablet to check the reception. Dead zones interfere with your company's ability to communicate during the day.
  • #COMPLIANCE - verify that your #landlord has ensured compliance with accessibility #laws and local safety #regulations. Double check that #zoning requirements and the #terms of your lease don't conflict with your line of business."   Lnkd.in/eJ_q5_J
  • OTHER #TENANTS.  Browse the directory to find out who else is located in your prospective building.  Avoid competitors, companies that conflict with your brand image due to their reputation or line of business [and those that may make messes, noise, smells or chase off customers].
  • #ACCESSIBILITY.  Survey employees to find out how many rely on public transportation for commuting [as well as lunch-time errands and before/after-work meetings]. Then check that the nearby transit stops will serve those needs."  [If there are a couple of exceptions, compensate for ride-hailing, as many cities are or will soon be doing to feed their main lines:  Lnkd.in/ec-sWM9]  Lnkd.in/ehhYbsY
  • #SECURITY.   With concerns about workplace violence, it's important that your building has taken steps to ensure the security and safety of your employees - check the measures are in place.  [Also check the security of communications and internet connections, including who has access and how to get it.]
  • #NEIGHBORHOOD.  What's within easy walking distance to give you [, customers] and employees easy access to restaurants, bars, dry cleaners, pharmacies and other service businesses.  [Check crime stats and for dangerous areas nearby, especially between customer parking and the space.]  Lnkd.in/dYEfaTE
  • #SPACES.  Pay attention to the condition of shared areas like elevators, restrooms, hallways and reception areas [often the real indicator of a building's quality.  Check all spaces for:  natural and soothing lighting, health-giving plants, ADA access, in-house child care and food service, tough paint and carpets, sound suppression and quiet/private areas.]  
  • #BRAND.  Look for a building with offices that will help to project the right, vital brand image for your business. Lnkd.in/eh9cXZt

Jeffrey Hammond (27 years - IT, analysis) via Diego Lo Giudice  (33 years - analyst, researcher).  #MICROSOFT BUILD 2018 (continued; #Technology #Analysis #Business #Data #Research #Expansion #Investment; edited - previous Lnkd.in/e-6_5sr for Lnkd.in/eZtMuCS):  
  • "#WINDOWS as an operating system and Office as a suite evolve toward a single 'Microsoft 365' Platform for Windows, .NET and Office developments - Azure willl continue on its own.
  • #IoT CAPABILITIES - steady maturation and open sourcing the Azure IoT Edge runtime and its inference engine, along with Azure Sphere.
  • EXPANDED #SUPPORT for modern development of cloud-native apps, such as Visual Studio App Center and DevOps.
  • #AI and #MachineLearning - ethical and consumable, using augmented intelligence and helping blind, deaf, and autistic users.
  • #INTEROP, #INTERCHANGE AND #INTEGRATION - building cloud-native, multi-dimensional customer experiences will require developers to spend a lot of time integrating code, lest customers end up getting locked into a single platform vendor’s walled garden."  Lnkd.in/e_fdKnJ


Much more from earlier and originals at our LinkedIn Posts

Please email the links to your related articles to Articles@ProsperSystems.biz - especially the following headline, the subject of our deepening research.  We'll share them as #GoldenInfoNuggets for our followers, and notify you when we do, so you can re-share and re-mind your followers of your content. 

LinkedIn • LinkedIn Company Page • Twitter
USA 302KentonJ (GoogleVoice 302-536-8665 to mobile and Hangouts)

NOTE:  We do ANALYSIS of Real Estate LEASEES, PROPERTIES, BUSINESSES and STARTUPS
_______
*GOLDEN INFONUGGETS are: 
  • Quickly consumedmemorable and powerful
  • Linked to the source for much-deeper information
  • Edited and summared showing understanding and thought leadership
  • Mainly shared content from professionals in Commercial Real Estate, Business Consulting, and Thought and Executive Leadership
  • Shared on:  LinkedIn (personal)LinkedIn (company)Twitter (sometimes from LinkedIn), then highlighted on our Blog (weekly), The News Funnel (weekly), as a LinkedIn article (weekly) and our GoogleGroup InfoPortal (weekly/semi-monthly)
  • Posted originally at LinkedIn.ProsperSystems.biz.
Of those who we've shared, the savvy ones Like or Comment on these #GoldenInfoNuggets as additional exposure, as well as serve the community and remind their followers of their wisdom.

Friday, February 1, 2019

Golden InfoNuggets - Business, CRE, Tech, Blockchain and AI - January 28 - February 1


BUSINESS, COMMERCIAL REAL ESTATE and TECH GOLDEN INFONUGGETS

We use a powerful method of sharing - post #GoldenInfoNuggets on Social Media multiple times daily or in regular emails (every 5-15 days).  We’ve been sharing the essence of articles and a few powerful comments regularly.* 

Commercial Real Estate, Technology, Blockchain & AI


Andreas Senie (11 years - sales, real estate).  "#CRE #TECH'S EXPANSIONCRE adoption of technology has gone from a probability to inevitability.  It's now only a matter of how much impact these technologies will have on the real estate business.  The days of "beltway bob" are long behind us. Although the barriers to success have not changed, levels of personal success, accumulated wealth and expertise are drastically shifting.  To gain competitive edge and understand these shifts we need to look at three things.  (#AI #Blockchain #Analysis #Business #Data #Science #Research #Investment #Startup; edited - Lnkd.in/eKTVhep for Lnkd.in/exvuxiD [part I last week] and Lnkd.in/ez93yhs [part II continues the theme]):
  • "PLATFORMS.  With the shift in technology, we are at a point in history where information, networks and opportunities are available in such a saturated format that being online is becoming more and more laborious.  There are [see article for #links]: Internet Listing Services, 1st Generation Research, Industry Disintermediation, CRM Management, Public Data Aggregators, Crowd Sourced Data Providers, Workflow Platforms, Retail & Demographics, Marketing, Transaction Engines and other platforms for #funding,  #capital raising, investment, sophisticated business development tools, syndication sites, crowd funding, and networking.  Some sites provide laser-focused results, however even those, need to be aggregated, sorted, validated, etc."  
  • "CRETECH continues to enjoy explosive growth with over 3,000-4,000 companies in the space and more than $13.8 billion  invested. Progress: 2015 - the availability of information coupled with new technology made commercial real estate more expansive then ever, evolving a historically-fragmented industry into a network of #information #exchange. 2016 - growth continues across the CRETech space with slow adoption by #institutional real estate companies, focusing on #FINTech. 2017 - validating need for a unified information exchange such as, #OpenArchitecture, Consolidated #MLS, and RE-technology and public-data sharing initiatives, highlighting the need to #aggregate different data sets. 2018 - most platforms are virtual #silos, inaccessible to one another. Hundreds of sensible companies are ceasing to exist, as CRETech expands and contracts. 2019 - for success, CRETech / #PROPTech end users - mostly #RealEstateProfessionals - will have profitable businesses operating the way they always have."  Lnkd.in/eusMWV5
  • "DECIDE TECHNOLOGY STRATEGIES of the 3,000+ 'deal winning' resources available: Ask the right questions based on YOUR pain points; Use directories, news, blogs and conferences; Whiteboard problems, solutions and required changes; Make sure solutions talk to one another and your website, and have a mobile-ready version; Make sure you own your own data; Plan implementation, management and adaptation; Have everything available on one user-friendly portal; Track results!"  Lnkd.in/eGfKg4W
  • "ADVICE on choosing 'deal winning' technology strategies:  do homework, keep asking #questions, look for #competitors (chances are, there are a few), avoid redundancies and track what matters.  There is no-one-size-fits-all solution - everyone runs their business differently.  #Bigger's not better - RealtyShares closed with $900M in committed capital for real estate development deals."  Lnkd.in/edvkG-B 
  • "FUNDAMENTALS of the CRE Industry have not changed - relationships, knowledge and access to deals are still paramount to success.   The real #disruption in #technology is one that takes a wide approach by now aggregating useful #data while providing the richest experiences thru vertically-integrated data exchanges and the best functionality from individual CRE #platforms. This will be essential to any serious real estate professional, and the ability to communicate that experience and environment to your end user will be competitive advantage."  Lnkd.in/epgfzQH

Michael Beckerman (29 years - public relations, real estate).  "2018 MID-YEAR CRETECH REPORT [latest to date - see lists and links] (#2019predictions #Analysis #Technology #Business #PropTech #Research #Expansion #SmallBusiness; continued; edited -  Lnkd.in/eAT93qm for Lnkd.in/etB-jDF):
  • NOTABLE #TRANSACTIONS - more than $3B #raised, first half; great interest; impact on CRE.  
  • #COWORKING AND #SPACE UTILIZATION, CONCEPTS - the largest and most active funding raising continues in coworking and space sharing, to continue and increase via #landlords and other real estate #operators.
  • SOME GATHER #DATA, OTHERS CREATE #AI - big/new trend is several #startups focused on collecting public data and providing it to users to perform due diligence or prospect for new deals. [Reonomy noted; but see new announcements here.]  Beyond them, some are attempting to use AI to predict what will happen next.
  • RESIDENTIAL AND CONSTRUCTION CONTINUE TO SEE #INVESTMENT:  With investment activity in areas like coworking, data aggregation and artificial intelligence, continuing to strengthen, investors remain very active in more establish verticals such as residential real estate and construction.
  • TOP 50 INNOVATIVE TECHNOLOGY PROVIDERS IN CRE."

Todd Tretsky (25 years - real estate finance) noted "TRENDS SHAPING #CRE CONSTRUCTION, 2019 - the same glacial movements as in previous years?  Skilled #labor shortage continues despite increased educational and outreach programs.  #Automation, #drones and comprehensive #technology solutions infiltrate projects one at a time.  #OffsiteBuilding is gaining, and mitigating #risk is still possibly the most important.  So we pay more attention to the nuances of these #BigTrends."  (#2019predictions #AI #Business #Data #PropTech #Research #Expansion #Investment #Startup; edited - Lnkd.in/etmVPiW for Lnkd.in/eSWR3SY):
  • "#TECHNOLOGY SUPPLEMENTING WORKERS. Rather than fearing #automation, think about where automation can take the industry, creating more meaningful work, and as long as 100% of the task cannot be automated, there will still be a need for #HumanLabor. #AI and #MachineLearning will be broadly applied in construction to reduce risk and improve project #performance across the project lifecycle.
  • #DESIGNBUILD'S #MasterBuilder approach accounts for nearly half of all US nonresidential spending, based based on results: less #costs, reduced #timelines and clearest contractual #remedies."  Lnkd.in/eGma4B7
  • "CUTTING #WASTE.  The construction industry can improve efficiency and productivity, which are second to last among all US #sectors:  use prefabricated materials, just-in-time deliveries, reduce overlapping #workflow tasks, early #planning, frequent conversations with stakeholders, and lean tools / #strategies.
  • "#DRONES - use in construction surged 239% YOY (fastest growth of any sector):  access swaths of #data with relatively-affordable, off-the-shelf #models or third-party #services, using software and equipment for with #mapping, #volumetrics analysis, #thermal imaging, as well as seeing the overlooked.  The #FAA is slowly breaking down #barriers.  [More #apps to come.]  Lnkd.in/eGC2Vjx
  • "HIGH-SPEED #RAIL PROJECTS - slow growth in the US, but a few privately-financed projects may lead the way in 2019, in which developers are able to use the best technology for the project, even if that means sourcing it and the accompanying equipment from a foreign country like Japan, a no-no when taking federal funds, such as in the $12-$15B Dallas-Houston bullet train beginning 2020, Tampa-Orlando just starting right-of-way negotiations, and several Hyperloops (https://www.businessinsider.com/hyperloop-one-10-possible-routes-united-states-2017-4).
  • #GENZ IMPACT.  Attracting #Millennials (24-39 in 2019) into contruction ending.  Now it's millions of Gen Zs (<24) graduating high school to become new skilled workers:  avoiding college loans, preferring other alternatives, such as earn-as-you-learn programs and a clear path to career advancement - at a young age, with the opportunity to own a small business.  Gen Z may be able to help construction firms innovate technologically more than their Millennial predecessors could:  Skanska USA plans to provide high schoolers free CAD kits."   Lnkd.in/e_4nxKB


Commercial Real Estate and Business


Frank Kusmer (34 years - finance, M&A).  #STARTUP #DEBT #FINANCING.  One of the biggest challenges facing a new business is securing adequate financing.  (#CRE #Technology #Business #Data #Research #Expansion #Investment #SmallBusiness #Startup; edited - Lnkd.in/eig8XfV): 
  • "THE #BUSINESSPLAN is an especially critical communication tool to convince #lenders and #investors that the venture is in good hands and will be #successful, with clarity of thought, sufficient detail anticipating questions, and show appropriate #market knowledge and experience [with superior #ManagementTeam and #Advisors].  
  • "#Entrepreneurs often FOCUS TOO MUCH ON THE EXCITING BUSINESS OPPORTUNITY, but provide inadequate detail on a realistic financial story:  #capital requirements, sources and #UseOfFunds, pro-forma financial #projections, start-up #budget, sunk #costs, equipment costs, available collateral and supporting #DOCUMENTATION such as #appraisals and independent market #analysis." Lnkd.in/eQyDCNz
  • "SOURCING #EQUITY. Many debt #lenders are not interested in borrowers without equity in their project: available #cash or #SunkCosts, 10-20% of the total #capital requirement. Equity #Sources: Cash/Assets (#RealEstate, equipment; Industry experts (with cash to invest); Friends & family (investors); #Angels and #VentureCapital; Government (grants/subsidies, not easy)."  Lnkd.in/e92G8PF
  • "DEBT LENDER WANTS.  Even when well-prepared, it IS work to find a source comfortable lending to new #ventures and have reasonables #terms and #rates.  Options ARE available for affordable debt financing of many types of projects, and are looking for:  Business #viability (stellar #BusinessPlan); Personal #NetWorth (strength and #guarantee); #Background (EACH owner, re successful business #management); Ownership #transparency (killers - lack of openness, vague responses or misleading information); #Collateral available (assets)."  Lnkd.in/eCjrRgu
  • "SOURCING - early, flexible, agents:  APPROACH EARLY – start looking as soon as the business plan is nearing completion and #equity has been secured.  [A 1-2 page #overview is a great entrĂ© - use the CONTENT in the suggested format at  http://businessoverviewformat2p.prospersystems.biz/].   STAY FLEXIBLE – be realistic and flexible re total lending costs.  Let the lenders propose their terms and then evaluate them [then negotiate]. Learn then adjust your business plan and financing cost assumptions.  GOOD #AGENTS that already have strong relationships with high-quality and hard-to-find finance sources. Knowing lender intake criteria up front help them match projects to sources that may be interested even if the local bank rejects your project."  Lnkd.in/eupRqWW

Don Catalano (30 years - real estate). #CRE RENT ESCALATIONS - Many commercial #leases include some type of rent escalation clause, which allows the #landlord to increase the rate of your rent either on a specific timeline or in response to a specific #trigger. Some rent escalation clauses are more favorable to tenants than others.  After signing, keep an eye on rent escalation.  Have a commercial real estate #attorney audit your lease. There are a number of types of rent escalation clauses used in commercial real estate lease agreements." (#Analysis #Business #Data #Research #Expansion #Investment #Startup; edited - Lnkd.in/eZYiKJu for Lnkd.in/e3QiBsy):
  • #STEPPED - pre-determined amount periodically, such as $1 per square footage per year - beneficial for tenants to know #costs in advance.
  • #INDEXED - usually tied to Consumer Price Index released by the US Bureau of Labor Statistics. - very unpredictable and can lead to dramatic increases.
  • #TAX #PASSTHROUGH - based on #landlord's property taxes during the term of your lease, prorated by your occupancy.  
  • Direct #OPERATINGCOST PASSTHROUGH - such as heating, electricity, maintenance and security - make sue it clearly spells out what is / isn't an operating cost." Lnkd.in/e9yC4xf

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NOTE:  We do ANALYSIS of Real Estate LEASEES, PROPERTIES, BUSINESSES and STARTUPS
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