Category Archives: Cushman & Wakefield

Be A Real (Estate) Wise Guy

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Why? What? How? – A 3-Part Series. Part 1: Figure out Why You Need Real Estate in the First Place Part 2: (Below): Address the What in the Real Estate Decisions Part 3: (Upcoming): Discuss How you will execute   ​“We just got the contract,” Keith said joyfully. He took a sharp breath in and lowered his voice. “We need, er, need enough space for 85 staff in 90 days,” he said with stress suddenly present. “That’s wonderful news, Keith and congratulations on that new business, I know you've been pursuing this deal for along time” I said. “We will get you taken [...]

Curb Your Enthusiasm

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"I learned that IHOP is not the place to order fish" - Larry David

Uh oh. I just read the latest Cushman & Wakefield US office market report and I think we got a little ahead of ourselves in calling the real estate depression of the last five years completely over. So, apparently, did landlords who are trying to float major increases in asking rents. I’m a positive guy, and I’m positive that landlords have unrealistic pricing expectations in some US markets as they attempt to score rate increases. The industry’s prognosticators (including yours truly) forecasted that a swing back to a landlord-favored market was under way.  After almost five years of beating on [...]

West Bound and Down – Twelve Days without an iPhone

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Tooth of Time

I have a confession to make. For more than 17 years, I have been connected to the grid. Except for sleep, I was always tuned on. Yes, even on vacation, at night and certainly on weekends. I bet I’m not alone in this admission, but at least I can publically declare my addiction to connectivity. I was like a real estate Waffle House; always on and available. Some will say I was like their hash browns as well; scattered, smothered, covered and chopped – but that’s another story. But for 12 days in June, I had no iPhone, no computer, [...]

iCampus

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apple-space-ship1

In an incredible announcement over the weekend, Apple has gone public with its plans to create a $304 million dollar campus for more than 3,600 people in Austin, Texas. This is on the heels of their $500 million dollar Cupertino, CA campus that is now under construction. Wow, hope they sell a gazillion iPad 3s. The Cupertino building famously looks like a space ship. It will be interesting to see if Austin gets in on the “space” program as well. (Has the Eagle landed in Austin?). Dan Whisenhunt, Apple’s Director of Real Estate and Facilities, must be the busiest real estate professional in [...]

A Face For Radio

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It was an honor and an all around neat experience to participate in Michael Bull’s Commercial Real Estate Radio show last week (link is at the bottom of this post). Michael assembled a panel of David Tennery, principal of Regent Partners, John Davidson, principal of   Parmenter Realty Partners, and yours truly. Ryan Severino, senior economist for REIS, dialed in by phone from New York. While my fellow panelists are all knowledgeable real estate thought-leaders, the clear consensus was that the entire panel had faces built for radio. The mechanics of radio broadcasting are fascinating. I’ve never been in a [...]

Let The Store Come to the People — iMilk?

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The following blog originally appeared in the Atlanta Business Chronicle on November 28th, 2011. CoreNet Global held its semi-annual summit in Atlanta recently. Thousands of corporate real estate executives, service providers and economic developers traveled to our city to learn the latest trends in corporate real estate. While normally a confab to learn and discuss ideas in the office world, the event also featured an interesting retail story in one of the keynote talks. Realcomm CEO Jim Young told an amazing story about a South Korean grocery store operator that significantly increased sales without adding one square foot of additional space (sorry, retail [...]

Ranch Dressing

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ranch-dressing

Ah, the economic malaise continues. This New York Times article (Fed Divisions Led to a Compromise on Interest Rates) starts with a pulse quickening statement: "No one knows what to do to fix the economy." With the certainty of uncertainty continuing to be a daily   media subject, interest rates are trending near all time lows. Yes, one day, Ethel, it will be ok. The cycle will turn and joblessness will no longer be the headline de jour. But with all the fun in the economy,  there's an unintended consequence of this "condition" we are in: bad real estate deals still have life [...]

Git-R-Done; Time To Move Those Deals Forward

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cars

Disney's acclaimed Pixar unit recently released Cars 2 with “co-stars” race-car Lightning McQueen (voiced by Owen Wilson) and tow-truck Mater (voiced by Larry the Cable Guy). In the movie, the characters head to Europe and Japan to compete in the World Grand Prix, but of course get side tracked with all manner of problems, including international espionage. While the new movie is a hit, we like the original Cars movie better as it's seemingly innocent humor is classic and truly funny. Our favorite character, Mater, resembles an International Harvester mining "boom-truck" from the 1950’s. The vehicle that is the inspiration for his [...]

Move Cum Laude: Graduating Into New Office Space

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cum-laude

By Ken Ashley (ATLANTA) May 23rd, 2011 Congratulations graduates! Grab the Hallmark's and leather folios. It’s that time of year; May flowers and enthusiastic graduates are synonymous and plentiful. Attention class: there’s a parallel in an office move. You’ve signed the new lease, told the employees (please see this post on change management before the lease deal is announced).   and now you feel as if you are graduating. Imagine the typical commencement speech in your head. “You’ve worked hard to get to this point and the future is your oyster.” “Many are looking at you expectantly for great results [...]