Golden-Nugget Shares - Business, CRE, Tech and AI - Oct 1-5

Also publish on LinkedIn and our GoogleGroup InfoPortal

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

We use a powerful method of sharing - post “Golden Nuggets of Information” 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.* 

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 Golden Nuggets for our followers, and notify you when we do, so you can re-share and re-mind your followers of your content.  

BUSINESS, COMMERCIAL REAL ESTATE(CRE), TECHNOLOGY and AI - GOLDEN NUGGETS of INFO - OCTOBER 1-5

Houston Chronicle: BLOCKCHAIN & AI - CRE FIRM's HOT SOFTWARE. "Justin Segal of Boxer Property developed in-house, then via its Stemmons Enterprise sells its technology to businesses of all kinds. incorporating #AI and #Blockchain, providing both predictive capabilities for companies react to situations before they happen and the ability to securely track and verify documents, financial transactions and other business activities." (edited) #CREtech #PropTech Lnkd.in/emi9B2S

Antony Slumbers:  "In #CRE, #AI is where you should be focussing."  The takeaway:  watch your CRE - "Artificial Intelligence has had a storming half decade. In just five years it has gone from the world of science fiction to mainstream discourse. Autonomous vehicles, robots that can perform backflips, computers that now rule the roost at Poker and GO as well as the long since vanquished Chess; all around us we read of one new breakthrough after another." (edited) Link

Stuart Appley: CRE TECH TRENDS HERE TO STAY (#CREtech #AI #PropTech #AR #VR #AV,  edited - Lnkd.in/eNvCaxy):

• "Skyrocketing CRE tech investing, keeping a wary eye on the past, correlates to the larger  investing in the general tech industry.   But with a littered past of few survivors from the previous cycles, will this will be different?  I believe so, though the exit path options remain limited."

• "Nearly $5Bln was invested in CREtech from 2014 thru mid 2016, which was a monumental leap for CRE, and there is strong staying power with 2016+ CRE startups.  Fully leveraging the cloud and the lower cost of capital that comes with it, makes it quicker and more efficient to implement,such as VTS  leasing and asset management, leaping ahead of other options< as well as other startups creating a real ecosystem of quality companies."

• "The real question is what will happen to hot new CREtech companies in 3-5 years?  In 2016, few CRE startups had gone IPO, so founders stayed private or merged with others to continue growth.  We'll likely see a wave of consolidations as this growth cycle matures, and founders cash out or scale.  As quality companies gain attention, the advances in CRE tech are here to stay, and we're all better off for it!" 

Michael Beckerman. VIRTUAL REALITY SAVES CONSTRUCTION BIG BUCKS - "Adopting these technologies are crucial to the industry’s future success. VR and AR technology adds advantages to every stage of developing a new property." (#CRE #CREtech #AI #PropTech, edited - Lnkd.in/dhasUPJ):

• "BUILDING INFORMATION MODELLING (BIM). #VR and Augmented Reality (#AR) started early in the project lifecycle, assist architects, developers and stakeholders with seeing a building’s potentials. VR’s immersive environment steps inside a structure, foreseeing problems, saving on expensive rework and design."

• "ENHANCED COLLABORATION. Project managers work with contractors, subcontractors, stakeholders and regulatory supervisors at different phases of a build. The immersive environment stimulates discussion about the build.  360-degree cameras can capture progress as the project proceeds to provide updates to the distributed teams.  When equipped with AR glasses, site crews view real-time instructions on the required tasks, minimizing wasted time and materials.  AR works for consulting experts, too.  AR helps off-site managers see problems, allowing them to assist working through the issue."

• "REDUCED REWORK.  VR and AR technology improves the chances teams will finish the build with minimal rework. Skycatch’s drone and VR modeling on a construction project in Japan, found a problem on the first day of its use. By comparing gathered imagery against the site model, the system found a $400K misaligned concrete slab, costing MUCH more had construction had been allowed to continue"

• "BETTER DECISION-MAKING. As a result of VR and AR’s application in building modelling, collaboration, and construction, construction teams increase decision-making speed. The spatial experience reduces misinterpretation as it shows what the end product should look like. Notes left in AR clarify any questions site crews have about the task at hand."

Continuing Forbes' THE FUTURE OF REAL ESTATE TECH report (#CRE #CREtech #AI #AR #PropTech, edited - Lnkd.in/e-bgBpd): 

• INHIBITORS - "US real estate is a $35tln asset class with more than $1tln in revenue annually, but until recently there were only a handful of significant CREtech success stories. There was seemingly a general wariness of the structural issues that make implementation challenging: concern that tech-driven transparency could lead to diminished broker relevance; owners primary focus is on acquisition / asset management; self-service info entry is non-standardized, often not updated on closing; agents preferring proprietary listing information; the appeal of physical asset vs data; unstable real estate markets."

• "Real Estate 1.0, 1998-2011+ was not absent from the prior tech booms. Software, Data and Marketplace companies helped fuel success:  CoStar, '98, and ARGUS and LoopNet in mid 2000s, planted seeds for post-'08 residential Zillow and Trulia."

• 2.0, 2015-2017+ "Enter 2 new categories - tech-enabled services and space arbitrage - the latter OFFERING (vs searching) existing physical spaces for different uses or shorter duration than previously.  WeWork is the clearest example  AND it is diversifying into other tech enabled services [e.g. tennant repping]. For rapid growth, capital required is typically for workers, thus linear and needs more #CRE!"

• 3.0, 2017+ "Complementary to incumbents, the themes of this phase will likely include:  #IoT, #SpatialVisualization, #VR, #BigData, #AI, #MachineLearning, #PropTech, #Purchasing and #Contractor #DataBases.  Still a small fraction of many other sectors, 2.0 winners and up and comers will invest more in real estate infrastructure, data and visualization to stabilize growth.  These successes increase owner and service provider awareness of the importance of CREtech, scaling it even faster."  

Coldwell Banker Commercial.  AUGMENTED REALITY and ARTIFICIAL INTELLIGENCE (#AR #AI - #CRE #CREtech - finishing, edited - Lnkd.in/ej_Ean5): 

• "HOSPITALITY. Hotels are improving guest services by replacing the concierge with voice-activated AI and machine learning, which can be used in CRE to promote assets while using AR to show clients the potential for these new technologies." 
• "MULTIFAMILY.  New multifamily buildings could be filled up before construction has even begun using AR to allow prospective tenants to walk-through its spaces, which will be light years ahead of their competition.  Also, AI is helping to match tenants with landlords, investors with developers, and improving building management for building owners."

Bisnow: AUTONOMOUS VEHICLES (#AV) BIG CRE DISRUPTER ( #CRE #CREtech, edited - Lnkd.in/ecZGbne):

• "When AV goes mainstream, CRE changes will be massive — urban planning, public transit, parking lots ... as developers are forced to repurpose properties to accommodate AV. AV tech will disrupt office, retail, industrial and healthcare real estate."

• "OFFICE.  Workers will require less parking, so rethink utilization of those facilities, which average 10% of CBD office building gross revenue.  Suburban offices also need to monetize their oft-abundant surface parking.  Both should consider new features including curbside pickup, ride-sharing lobbies," drive-through dropoff/pickup and shopping, green-houses, activity or retail areas, storage - anything aesthetic and compatible that generates income.

• "INDUSTRIAL may experience the biggest disruption of all.  Warehouse operations will face a large shift because of their use of AV logistics and trucking.  E-commerce distribution centers are implementing AV technology as self-driving forklifts and automated racking systems, loading and transporting large volumes of material, resulting in better safety and efficiency in facilities.  Automated trucks would require less time at each stop.  These factors will require developers to rethink the location and size of buildings, allowing for increased flexibility and less parking for warehouse workers."

• "RETAIL.  AV delivery could solve a big problem for retailers as of late — the last mile. With AV technology, deliveries would be able to reach customers faster and more efficiently. Trucks would also be able to reach their destination faster thanks to fewer required stops and better autonomous mapping systems.  Like office buildings, mall and retail properties would need to repurpose a large portion of their parking lots as fewer people would require places to store their automobiles when they shop." 

• "HEALTHCARE will be greatly impacted by AV.  More AV’s will increase safety, including drunk / reduced-ability driver transport, to reduce accidents and hospital stays.  This could cause medical facility downsizing or repurposing.  As with other #CRE classes, parking would need to be repurposed, but could be used as better drop-off points for patients with mobility issues," as well as increased expansion for wellness options. 

Much more from earlier at LinkedIn.ProsperSystems.biz

PROSPER SYSTEMS, LLC (.biz) • Kenton H Johnson (.com), Founding Member

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

BRIEF • GROUP • Buying and Selling Interests • Subscription Consulting • Referral Income

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

_______

*GOLDEN NUGGETS OF INFORMATION are: 

• Quickly consumed, memorable 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 (company), LinkedIn (personal), Twitter (automatically from LinkedIn), Google+, and Facebook (company), 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 "Golden Nuggets" as additional exposure, as well as serve the community and remind their followers of their wisdom. 

Golden-Nugget Shares - Business, CRE, Tech and AI - Sept 24-28

Also publish on LinkedIn and our GoogleGroup InfoPortal

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

We use a powerful method of sharing - post “Golden Nuggets of Information” 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.*  

BUSINESS and COMMERCIAL REAL ESTATE GOLDEN NUGGETS - SEPTEMBER 24-28

Commercial Real Estate (CRE), Technology and AI

Richard Belgrave of LEVERTON: AI IMPACTING CRE - "ARTIFICIAL INTELLIGENCE is completely changing the way business is conducted in the real estate space. A decade from having robotic brokers and automated deals, but companies today are already paving the way for AI to become the next revolution It has the potential to put the power of data into the hands of professionals directly. Check back for new and exciting developments." (edited) #CRE #CREtech #AI #PropTech Lnkd.in/eVUqVZD

Prime Takeaway from Forbes' THE FUTURE OF REAL ESTATE TECH: "In 2017, VCs deployed over $5bln in real estate technology, more than 150x the $33mm invested in 2010. Now it's front and center, with 2/3 most-valuable US startups, WeWork and AirBnB. The 3rd, Synthesis Phase is still in its nascent stages, but will have technology more central to their offering." (edited - more next week) #CRE #CREtech #AI #AR #PropTech Lnkd.in/e-bgBpd 

Richard Belgrave and KPMG UK: ENGAGING w/ PROPTECH (#CRE #CREtech #PropTech - Vid and PDF - Lnkd.in/eWe3-Ue) - "As the 4th industrial revolution continues to blur the lines between the built and digital worlds, we are seeing a significant transformation in the property sector. Key findings of our [downloadable] survey include:

• "DISRUPTION TO ACCEPTANCE. Property leaders can see where propTech will make a difference,  in better decision making and lower costs, but just 13% are at the cutting edge of . (edited)

• "COLLABORATION IS KEY: Grow-your-own is rarely an option deploying PropTech.  Partnerships will be key. (edited)

• "TRANSFORMING COMPANY CULTURE: Technological change is quickly becoming a board-level issue, and new roles such as chief technology officers and chief digital officers are increasingly important.

• STUDY PARTICIPANTS include: Infabode, LEVERTON, Built-ID, Datscha VTS, Converge, HubbleHQ, Concrete VC, Houzen, Holland ConTech & PropTech, PropTech" (edited)

Dominic Zabriskie of CREtech: RECAPS OF CRETECH CONFERENCE, Los Angeles - "300 attended. For those of you who couldn't make it, here are some Videos of the best parts. Two panel discussions - Tech Perspectives (Pierce R. Neinken, Christopher Rising, Patrick McGrath, Jesse Franklin, Jake Edens) and Fifth Wall Ventures (Brendan Wallace, Natalie Bruss, K.C. Cleary, Brad Greiwe)." #CRE #CREtech #AI Lnkd.in/eeBzQiz

Coldwell Banker Commercial:  AUGMENTED REALITY and ARTIFICIAL INTELLIGENCE (#AR #AI #CRE #CREtech, Lnkd.in/ej_Ean5).  CRE professionals will need to come up with new and creative ways to pitch assets keeping these massive changes in mind, and understanding that this technology allows collaboration across time zones and oceans, with virtual meetings and AR slashing travel budgets [freeing up capital for better CRE]: 

• "OFFICE.  More remote working, robotics, automation, machine learning and AI, could make up to 60% of the workforce disappear from office space. 

• "INDUSTRIAL. Changes here are closely tied to the changes happening in retail. Distribution channels, manufacturing, and industrial buildings are all being infused with AR and AI to help speed up deliveries, improve warehouse and distribution, and save costs by reducing errors and payroll along these channels.

• Finishing next week

Commercial Real Estate (CRE) and Business

Kenton Johnson Comments:

• Frank Brock made great points, especially about the positive "RIPPLE EFFECT" of making the loan: "Why are mortgage brokers vital to the economic growth of this country?  We get deals done!   While banks turn away 95% of all borrowers who apply, mortgage brokers find ways to close 70% of all applicants taken.   Yes the broker makes money but, so does the: Realtor, title company, home inspector, credit companies, contractors, Etc.   These industry professionals spend money to stimulate the economy." #banking #credit #loans #contractors Link 

• Jeff Selingo wories that "there are TOO FEW US UNIVERSITIES on the Times Higher Education World University Rankings 2019 list.  What can universities in the U.S. do better to compete?" Answer:  US post-secondary education - public, private, junior, technical or prep - needs to focus on next-decade, advanced technology,  entrepreneurialism, deep financial understanding and, of course, the US. (edited) #HigherEducation

Rowan Humphreys of Colliers International: BLOCKCHAIN BANK GUARANTEES - "In Australia, preparation/issuing/amendment and ultimate return of paper bank guarantees in CRE leases is very labour intensive for both landlords and tenants. The solution? Whilst only in an initial test phase, Distributed Ledger using blockchain technology has been successfully tested in the commercial real estate sector for Bank Guarantees." (edited) #CRE #CREtech #PropTech Lnkd.in/eR8HKCg

Michael Beckerman of The News Funnel: LESSONS IN TRANSITION to CRE NEWS (#CRE - Lnkd.in/eBinnB6):

• "ALL ABOUT PEOPLE. Always surround yourself with people more capable and competent than yourself. I will always be indebted to them for their sacrifices, commitment and loyalty. I hope I earned some small degree of respect from them." (edited)

• "CHARACTER OVER CASH. Choose associates as carefully as friends. My biggest career mistakes were working with people to grow my business, with too little attention to their character - employee or a client, following the money not my heart, it backfired big time." (edited) 

• "NEVER EVER GIVE UP, and you will eventually thrive. I could have quit a thousand times, with market crashes, client defections, employees leaving, running out of cash, and people not paying their bills & taking advantage of me. I just kept grinding and knocked down every wall. You can't control circumstances, but you can control how you react to them."  (edited)

Dave Kerpen: SECRETS to loving the WORK YOU'RE WITH (continuing Lnkd.in/eKVEAF8):

• "TURN IT INTO A POSITIVE. I prioritize everything on a to-do list, and get satisfaction from crossing things off the list. Even if the task is not pleasant, knowing that I get to strike a line through it makes it just a little bit better. –Jayna Cooke, CEO, EVENTup" (edited)

• "GAMIFY IT.  When items on my to-do list constantly get bumped to 'tomorrow,' I play a game. I break up the tasks into smaller, easy to accomplish tasks, set aside 30-minute time increments and see how many I can get done during that time. Adding a competitive goal gives me motivation to get them done.  –Mark Daoust, President & CEO, Quiet Light Brokerage" (edited)

Much more from earlier at LinkedIn.ProsperSystems.biz

PROSPER SYSTEMS, LLC (.biz) • Kenton H Johnson (.com), Founding Member

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

BRIEF • GROUP • Buying and Selling Interests • Subscription Consulting • Referral Income

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

_______
*GOLDEN NUGGETS OF INFORMATION are: 

• Quickly consumed, memorable and powerful
• Linked to the source for much-deeper information
• The editing and summaries show understanding and thought leadership
• Mainly share content from professionals in Commercial Real Estate, Business Consulting, and Thought and Executive Leadership
• We share on:  LinkedIn (company), LinkedIn (personal), Twitter (automatically from LinkedIn), Google+, Facebook (company), and sometimes Facebook (personal), then highlighted on this Blog (weekly), The News Funnel (weekly), as a LinkedIn article (weekly) and our GoogleGroup InfoPortal (weekly/semi-monthly)
• A full list of these “Updates” is at LinkedIn.ProsperSystems.biz.

Of those who we've shared, the savvy ones Like or Comment on these "Golden Nuggets" as additional exposure, as well as serve the community and remind their followers of their wisdom.