Confessions of a Recovering Landlord

What happens to the tenants of an office building when the lender forecloses? Is the procedure different if the building is taken back by deed-in-lieu-of-foreclosure? How do tenants protect themselves from eviction? What if the lender refuses to sign the SNDA? What is an SNDA and how does it work?

Bob recently received the designation SIOR - Society of Industrial and Office Realtors and he tells us all about it including: What was the driving force behind becoming an SIOR? What was required to become an SIOR? What will be accomplished by having become an SIOR? What was the recent national conference held here in Dallas like? How long has the organization SIOR been around and how did it come...

In today's episode we cover a recent New York Times, The Daily Podcast which uncovered a lot of information regarding workplace surveillance primarily in the work from home model....but also in the office! VP of business software company in Texas discovers she's being photographed every 10 minutes Paid according to employer's definition of "busy" - as provided by keyboard surveillance as well as p...

Bob & Jan had the pleasure of interviewing Tim Slaughter with Caddo Office Reimagined to discuss the world of coworking. How did Caddo decide to focus on coworking? How is their business model different? What kind of members are attracted to Caddo? What was learned by being a traditional landlord that helped with the coworking venture now? How did Caddo fare during downturns? Mission + Motto =...

In today's episode Bob & Jan discuss what CEOs and business owners highest rated desires are for new space for their companies to occupy and they include: Space image is consistent with image and values the company wants project to clients, investors and employees Health consciousness Scale of opulence vs frugality Ease of access Attract and retain employees Location relative to clients, emplo...

Buildings are more in demand than ever.  Short supply, big demand and where are prices to go.  That's right....up!  How does that affect the taxes of said building and how are tenant's pro rata share of expenses treated?  Listen to Bob & Jan discuss all things CRE buildings, prices, taxes, and expenses. Cost of buildings Class of buildings Taxes How are they calculated Appr...

When to begin renewal/relocation discussions with a client?  Several factors to consider: Is the organization changing rapidly and not sure how much space they will need? Company is unsure of the right location for their client base and employees. There is a chance the organization will be acquired or might be acquiring themselves. Company is confident the economy will experience a downturn b...

JLL can't collect an $800K commission due to improper disclosure of dual representation D.C. Brokerage Act Judge Florence Pan Disclosure must be large and in charge! Spaces Regus S.C. Herman Amazon and the supply chain

Older offices High-cost cities Migration patterns High-cost markets Sun Belt Remote work Class-A Office buildings Class-B Office buildings Class-C Office Buildings Deed in lieu of foreclosure Traditional gateway cities Texas Triangle - Dallas, Houston & Austin Amenity rich buildings Luring employees back to the office Location, location, amenities Virgin Hyperloop Freight transportation Batter...

Fed raised interest rates today a quarter point. How does that affect CRE? How will it affect the general economy? How does this affect the space companies occupy for their businesses? Will demand for space slow? Will rental rates come down?

Major brokerages pulling out of Russia - CBRE, Knight Frank, Savills Major oil companies pulling out of Russia - BP, Shell, Exxon Mobile Tech firms suspend sales - Apple, Dell Shipping companies pulling out of Russia - UPS, FedEx, Maersk Impact to data centers in Russia - Oracle has stopped providing cloud services Russian cloud provider Yandex near bankruptcy after being delisted on Nasdaq Cogent...

How much space do you need for your office? Who do you need on your team in order to decide how much space you need? Are rents up or down? Landlords have representation, do you? Is subleased space the way to go?  How much can you save by taking sublease space? Why are some companies expanding and others retracting? Are employers planning on employees returning to the office? Flex space and ho...

Bob & Jan get to grill their new friend, David George, regarding what trends he is seeing regarding employees returning to the office and how those decisions get made. What purpose should the office serve? What's the narrative companies need to develop to identify benefits to both employees and the business of the new way of working - recognizing that there are constraints for both? What does...

Bob weighs in with his opinions on the following predictions for 2022: The U.S. won't see tangible changes to the supply chain this year, but companies will be better equipped to handle delays and shortages. Industrial developers will target large office campuses as new sources of industrial development opportunities. Hotels will capture record sales prices in 2022. The omicron variant, and others...

CRE experts were mostly correct for the 2021 predictions but they definitely whiffed on some. Trends that popped up in 2021 that were surprising. High-paying ($80k+) jobs going remote?  Hold on to your hat. How will small towns adapt to growing remote work force? When workers go back to the office, what will they care about?

Industrial tenants are most likely to incur huge rent hikes when renewing their expiring leases - an average of 25% Elevator usage tells us info about Omnicron and the workplace - Kone elevator Ground leases becoming a popular finance tool and big players are taking advantage

Office gaining momentum for big return in 2022, NAIOP predicts Pandemic subleasing trend declines as available square footage falls in Q3 New office demand retreated in September (but doesn't it always?) WeWork adapting to new hybrid office environs with two levels:  WeWork On Demand and WeWork All Access Industrial building off the charts Supply chain is getting better....albeit slowly

No, Jan, was not drunk during the taping of this show! Where was the spoke moved from the hub-and-spoke model? Who let the dogs out....in the office? Companies are NOT establishing hybrid workplans Jobs report Workers quitting at record numbers Class AAA buildings being built

Sublease markets are contracting...but barely Workers are back to the office at a higher rate than since the pandemic began What is shadow inflation What will take Libor's place Permitting in the City of Dallas...what a headache NAIOP sentiment index rising

Pandemic highlighted just how important e-commerce is  Top 500 retailers have generated a 45.3% increase in 2020 from previous year Huge need for last mile logistics in commercial real estate Property type has to center around supply chain Golden Triangle - Great Lakes → Texas → Florida Infrastructure bill in congress Food delivery (ghost kitchens) Netflix (film studios) Data centers JLL Shor...

Two large companies (PwC & Glaxo/Smith/Kline) reducing their footprints - sizably  WeWork update What happens to office buildings Employer survey CBRE new measure looking for signs of life Market conditions update Landlords slow to provide proposals

Dallas-Fort Worth office leasing approaching a rebound? Chicago law firm drastically reduces it's footprint upon renewal. What Kastle System shows is actually happening in offices. Logistics system - help!

I recently read an article in the online magazine D CRE and it was commenting about the supposition that 30% of workers will quit their current job and either go elsewhere or leave their industries all together.  I've actually heard a higher figure than that.  Microsoft had a survey stating that 41% of the global workforce was contemplating a resignation.  In April, according to tha...

Should you stalk your employees?  Provocative question, right?  In today's episode of the podcast we discuss why that is actually important to the overall health of the company. What we recommend is that clients plot the home addresses of every employee on a map when considering where to put the office.  And just to be clear, I'm not suggesting we invade anyone's privacy.  We a...

The FDA just gave full approval of the Pfizer vaccine.  Many large companies have announced they will require their employees to be vaccinated to return to the office.  Too Big Brother?  Or a good solution to avoid an incubator for more infections? Employers' view point would probably be - it's my company, it's my space, and my responsibility to ensure (as best I can) the safety and...