Mentoring as an Investment in Our Young People and the Future

Mentoring: An Investment in the Future

5 years ago

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My Dad was tough around the edges, but he was a kind and generous man. Whether it was family, friends, acquaintances or strangers in need, Dad always tried to help them get back on their feet. While I respected him as a businessman, my greatest admiration was due to his willingness to help others. A Legacy of Giving One way I choose to continue my father’s legacy of giving is by mentoring students and early career adults. A few years back, I wrote a series on mentoring. The first blog of the series offered industry professionals mentoring tips. The second blog advised how mentors can help young professionals in the CRE industry. And the final blog examined mentoring benefits. I am a mentoring advocate, whether you participate in a formal program, act informally as an advisor or assist a young colleague. I currently advise ten individuals. Formal Mentoring I participate

Crowdfunding Becomes More Popular, But Skeptics Remain

Crowdfunding: A Viable Option?

By Stan Sonenshine in Real Estate Investing

5 years ago

5 years ago 0 0 2114

National Real Estate Investor recently published an article titled Real Estate Crowdfunding Firms Push Further into the Mainstream, in which the writer argues that although first questioned, crowdfunding continues to gain a base of active sponsors and investors. One sponsor, using the CrowdStreet platform, says “it serves as a consistent, recurring source of equity, as well as a capital source that is accessible for smaller dollar amounts, under $3 million.” Crowdfunding: Who’s in the Crowd? Here’s what I think about crowdfunding: I like to enter a deal with the fewest, financially-qualified partners as possible. Either directly and indirectly having a large number of unknown partners pretty much scares me. I assume this approach works well when the market is good and properties are performing well. But I am always thinking ahead. What happens in a market slowdown, and a property funded by crowdfunding gets into trouble? The results could be very

Co-Working in Hotels: Check-In or Check-Out?

By Stan Sonenshine in Real Estate Trends

5 years ago

5 years ago 0 0 1706

Reading the recent “Coworking Checks Into Hotels” article in Commercial Property Executive left me with a few questions. The article discussed hospitality brands contemplating how co-working in hotels “might strengthen community ties and bring in additional revenue,” arguing it’s a logical next step as many lobbies currently serve as de facto office space. Some brands, like Moxy Hotels, Hoxton, Ace and Virgin, already offer co-working at their properties. My question is how can you control access or charge for the co-working space. I assume creating a unique situation for hotel guests or loyalty program members is one option, but I remain skeptical about how the concept would perform as a revenue generator. And based on my recent blogs about WeWork and other co-working and incubator models, like Roam and Atlanta Tech Village, the universe of co-working (with or without the hospitality component) is becoming awfully crowded. How many of these

Many Co-Working and Incubator Models Exist

The Sharing Economy: Co-Working and Incubator Models

By Stan Sonenshine in Real Estate Trends

5 years ago

5 years ago 0 2 1869

I recently asked the question, Does WeWork Work? And answered the question with a “We’ll see…” But there’s other co-working/incubator models out there worthy of discussion. Co-Working and Incubator Models On a recent panel at GSU’s Views From the Top was a Roam Innovative Workspace representative. Like WeWork, Roam is an alternative office model, but currently boasts only five locations. There are also Incubator tech business models out there. One such model is the Atlanta Tech Village. One model is not necessarily better than the other, but what is certain is they all disrupt the office market. Quick Thoughts on WeWork I dove deep into WeWork previously and questioned how the concept can compete with traditional landlords, REGUS and CBRE’s Hana concept, which can easily adapt to the changing market. Essentially, WeWork acts as a landlord, but offers more flexible leasing options. It is very much a real estate-based model, with

CBRE Launches Flex Office Space Initiative to Compete with WeWork

CBRE’s Hana: A Threat to WeWork?

By Stan Sonenshine in Real Estate Trends

5 years ago

5 years ago 0 1 1853

The Empire Strikes Back The Wall Street Journal’s recent article “CBRE Launches New Co-Working Business, Taking on WeWork” offers proof to points made in my recent blog, “The Sharing Economy: Does WeWork Work?” Here’s what I said: “[WeWork] does not have a monopoly on the concept. Ordinary landlords can easily replicate the model.” And that’s just what CBRE plans to do with its new offering, Hana. Hana’s main offering, Hana Team, offers professional teams (8 – 300+ people) customizable space with desirable amenities. Each Hana facility will also contain Hana Meet, on-demand meeting rooms, and Hana Share, shared desks and coworking space. In Stan’s Opinion There’s no doubt WeWork has changed the office leasing paradigm. But I do doubt the company will survive in the long run. Their concept can be easily replicated, and existing landlords control what happens in their buildings. In addition, companies like Regus have adapted their flex

Atlanta Hosts Super Bowl LIII Like A Champ

Atlanta’s Super Bowl Gets a Gold Star

By Stan Sonenshine in Real Estate Development

5 years ago

5 years ago 0 0 1586

I had never before been to a Super Bowl. And it wasn’t until I walked through the gates on Feb 3rd that I truly believed I was going to the game. I had planned an evening of whiskey, cheese and football on my couch when offered an out-of-the-blue invite from a friend. But when I learned how he secured his tickets, I was skeptical, but darn if we didn’t go. So Much Happening Anyone who watched the game on TV and thought it was boring was (obviously) just not there—so much happened in the stadium. There were no idle breaks on the field; huge TV screens showed commercials and previews and featured NFL stars and awards. Concerts and pyrotechnics constantly entertained. The Peach Bowl I recently attended was a game. This Super Bowl was an experience. Super Bowl: The Experience The actual game is only part of the entertainment package.

Getting Started in Real Estate Investing: It Ain’t Easy

By Stan Sonenshine in Real Estate Investing

5 years ago

5 years ago 0 0 1857

Knowledge, Network + Money A recent article in The Washington Post offered advice on launching into the world of real estate investing; the author says, “In general…there are three things that every real estate investor needs no matter what: education and knowledge, a good network, and money. But not necessarily your own money.” Stan’s Viewpoint Everything the author says is true except it isn’t that easy. Learning markets, finding good deals, and hooking up with the right professionals and investors takes a lot of time, persistence and patience. Like any startup, the first few deals will likely be less successful due to lack of experience and inability to foresee problems. In addition, these deals will likely require one’s own money or that of close friends and family. New investors are also likely to underestimate the cost of ownership and the amount of time and effort to manage. Very small deals don’t

Will Sharing Economy Concepts Like WeWork Survive?

The Sharing Economy: Does WeWork Work?

By Stan Sonenshine in Real Estate Trends

5 years ago

5 years ago 0 4 1957

“Merry New Year!” Why not recall Eddie Murphy in the classic Trading Places and start the new year off with a smile? I usually start my new year attending GSU’s industry conference Views From the Top. The 2019 version did not disappoint. This year, I was intrigued by the Industry Panel: “New Faces, New Spaces, and the Shared Economy.” Ideas being birthed from the sharing economy concept should be of great interest to us folks in the commercial real estate industry. Current innovations will certainly impact the CRE business—and in many cases, change the way an entire segment of the industry does business. Just think about WeWork—one concept that is disrupting the office market—and whose rep sat on the conference’s panel. I Work, You Work = WeWork? Many different opinions about WeWork exist, but regardless of what you think, they are a force in the office market that cannot be

Sandy Springs' Growth Includes City Springs, the New Town Center

Sandy Springs’ Growth: Merry and Bright?

By Stan Sonenshine in Real Estate Development

6 years ago

6 years ago 0 0 1844

December can be a dark month, but its saving grace is the festive holiday lights. Everything is lit up and alive with energy. And as a long-time resident of Sandy Springs, I can honestly say Sandy Springs is really lighting up as well. I started talking about Sandy Springs’ growth two years ago in my blog “Atlanta’s Edge Cities Develop New City Centers.” Then, City Springs was in development. Now, it’s the city’s civic and cultural heartbeat. Efforts to revitalize retail and affordable housing are occurring in the city’s North End, as companies locate HQ’s to the area. Although Sandy Springs’ growth presents some challenges, it’s happening in a big, bright way. City Springs: A New Town Center It’s important to have a town center, and Sandy Springs has built one. At City Springs, City Hall is the anchor to a walkable, livable downtown with theaters, restaurants, retail, apartments and

Amazon HQ2 Not Landing in Atlanta—Rejoice!

By Stan Sonenshine in Real Estate Development

6 years ago

6 years ago 0 0 1771

I started talking about Atlanta’s Amazon HQ2 potential a year back in my post “Amazon HQ2 and The Gulch: A Symbiotic Relationship?” and continued the discussion in a follow-up post. Now, Amazon announced its intention to co-locate Amazon HQ2 in New York and the DC metro areas, and I am pleased with the result. Sometimes, you can score just as many runs hitting singles and doubles—so in that regard, Atlanta and Georgia are doing just fine. Thank you very much. Good Things Already Happening Here In my opinion, Atlanta is already winning the corporate relocation game as well as nurturing our own future Amazons through such initiatives as Atlanta Tech Village and the ATDC at Georgia Tech. Need evidence? Think Mercedes-Benz, Norfolk Southern, Apple, State Farm, Athena, and Accenture. All have announced either relocation or workforce expansion in the Atlanta metro area. And these are just a few. Some May

Previous page Next page

Mentoring: An Investment in the Future

Crowdfunding: A Viable Option?

Co-Working in Hotels: Check-In or Check-Out?

The Sharing Economy: Co-Working and Incubator Models

CBRE’s Hana: A Threat to WeWork?

Atlanta’s Super Bowl Gets a Gold Star

Getting Started in Real Estate Investing: It Ain’t Easy

The Sharing Economy: Does WeWork Work?

Sandy Springs’ Growth: Merry and Bright?

Amazon HQ2 Not Landing in Atlanta—Rejoice!

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