While I’m not a real estate broker by trade, I certainly relate to the entrepreneurial spirit many brokers embody. Since co-founding Reonomy, a commercial real estate data company, I’ve cut my teeth on commercial real estate (CRE) and learned its complexities inside and out. Based on my continued interactions with brokers to better understand and solve their pain points, it’s clear the recent democratization of data has had a strong hand in the advancement of their careers. Here are a few additional takeaways to help you navigate the turbulent waters of CRE…
In his Broadway show, which is now streaming on Netflix, Bruce Springsteen talks about the magic of the blank page. He laments that getting older means there are fewer blank pages to experience. While that may be the case, I would argue that few people have done more with the blank page than Bruce.
This week marks my 20th anniversary in real estate. Twenty years. Wow.
My career has been, in a word, amazing. It has provided me so much more than simply the ability to pay the bills (and more) and take care of my family. I have met some of the most important people in my life through the business, including mentors, friends, and my ex-wife.
Earlier today, my name was included in the press release announcing the see funding raised by HqO which totaled $6.6m. This isn’t my first tech investment, but it is likely the first time my name was actually included in the press release.
I’ve been waiting. I’ve been asking. Frankly, I wasn’t that patient. Finally, CRETech released its 2018 Mid-Year Report earlier this week.
I look forward to each CRETech report because it’s a comprehensive look at where we are and the companies I should be paying attention to, but it’s also shows how far we’ve come. I have read each report and tracking the progress of the industry is exciting.
Jackson Browne’s classic Running on Empty has long been a favorite, but I really connected with the song after recently seeing a very stripped-down version in small venue.
“Looking out at the road rushing under my wheels…”
It’s been over a month since Super Bowl LII, one of the more exciting big games in recent history. While I am not a fan of either team, especially not the Eagles, I often find myself thinking about the two quarterbacks. They each shared, what I consider to be, important lessons in the aftermath of the game.
Late last year, my great friend Rob Fisher sent me a book called The Go Giver by Bob Burg. The book’s subtitle is A Little Story About a Powerful Business Idea which immediately intrigued me. I don’t remember where or why he found it, but he said that the message in the book reminded him of me. At the time, I had recently started reading so I put it next on my list and a year later, I am still glad I did.
I am still amazed at last week’s CRE//Tech event in New York City. I have been attending the events since the beginning and it’s tremendous to see how far this organization has come in such a short time.
I was lucky enough to see Springsteen on Broadway recently. Everything you have read about it is true. My favorite quote about the show comes from Oprah Winfrey who said, “It was the most searingly beautiful performance I’ve ever seen a person give. You come away feeling more like a human being.”
“I skate to where the puck is going to be, not where it has been.” Wayne Gretzky
The quote above, while perhaps overused, comes to mind when I think about how Fifth Wall Ventures is approaching their fund. We were lucky to have Co-founder and Managing Partner Brad Greiwe join us recently for a small client event.
From the time I was a kid until my mid-30’s, I was a big fan of Sports Illustrated. It would arrive every week and I would typically read it from cover to cover. There were a few special issues throughout the year that peaked my interest, but nothing more than Sportsperson of the Year. It would include a huge feature on the person that they chose every year that impacted sports in a positive way. The issue would also provide a year-end perspective on sports, allowing you to look back on everything that happened in the past 12 months.
CoStar announced late last week that its database is now fully integrated with LoopNet. My initial reaction was, “What took so long?” and I wondered why they were making such a big deal about something that seemed so obvious.
Last week, I attended the CRE//Tech event in Los Angeles. While I flew 3,000 miles to be there, the journey started over a year ago.
It started with a simple phone call to my friend, Pierce Neinken, the founder of what was then called CRE//Tech Intersect. I explained to him that I was hoping he would partner with Michael Beckerman and The News Funnel to take it to the next level.
Last month, I left behind a 19-year career in office leasing. My team was clicking on all cylinders with great corporate accounts, a strong local tenant rep practice and over 5m sf of landlord agency assignments. As I mentioned in my last post, I felt it was time to make a change so I joined the Capital Markets Team.
“We tore it apart and put together again.” Bruce Springsteen
When I left Cushman & Wakefield in early-2011, I couldn’t get Bruce’s Don’t Look Back out of my head. In fact, the morning my partner, Joe Sarno, and I resigned, I posted a live version on Facebook.