Deconstructed - The Future of CRE (Commercial Real Estate‪)‬ WorkSpace

On this episode of Deconstructed: The Future of CRE podcast, Nancy Gaudet, SVP at Corcoran Management Company, joins host Vivek Kartha to talk about her company’s focus on the Northeast, the importance of being open to change, and what today’s renters are looking for in a property.

Corcoran is a 70-year-old company with 76 properties and over 12,000 units. It branched out in the past to other states but decided to focus on being the biggest player in its own backyard, the Northeast. This gives everyone at the company a single point of focus.

Nancy has seen some big changes over the years, none as big as the recent changes brought about by the pandemic. Her company is seeing lower occupancy rates in downtown areas, because that’s where most businesses were shut down.

Covid has completely changed the way units are being rented. She never thought she would see the day when they give a prospect a key and let them look at a unit alone. Now, they are even seeing leases signed after just pictures or a video tour.

As Nancy says, no two days are alike. Change, or you won’t make it.


Nancy Gaudet
Corcoran Management Company
Corcoran Management Company
Deconstructed: The Future of CRE



This podcast is brought to you by WorkSpace. Remove the friction between assets, data, and people. With a suite of intuitive products, WorkSpace streamlines daily operations for property teams, asset managers, C-Teams, and beyond.

WorkSpace was built for CRE professionals like you. Make quick and confident decisions to deliver greater investor returns. Learn more and contact us at GoWorkSpace.com.

On this episode of the Deconstructed: The Future of CRE podcast, Todd Jurek, Principal at Keen Realty Group joins host Vivek Kartha to talk about his long career in commercial real estate, his early days working for large companies in property management, and his decision to venture out on his own with Keen Realty Group—a full-service commercial real estate firm based in Houston, Texas.

With more than three decades of experience, Todd has seen many upward and downward trends in the market. He started his career in the mid-80s, one of the biggest bust periods in real estate history. But, as he tells Vivek, he pushed on because he knew if he could make it in bad times, he could thrive in good ones.

When he started Keen, leaving the comfort of working for large companies wasn’t a decision he took lightly. But he knew he had the experience, knowledge, and connections to make it work on his own.

Todd’s biggest piece of advice to anyone thinking about venturing out on their own is to wait until you are confident in your knowledge and experience. It worked for him.


@Todd Jurek

@Keen Realty Group

Keen Realty

@Vivek Kartha

@WorkSpace

WorkSpace


This podcast is brought to you by WorkSpace. Remove the friction between assets, data, and people. With a suite of intuitive products, WorkSpace streamlines daily operations for property teams, asset managers, C-Teams, and beyond.

WorkSpace was built for CRE professionals like you. Make quick and confident decisions to deliver greater investor returns. Learn more and contact us at GoWorkSpace.com.

In this episode of the Deconstructed: The Future of CRE podcast, host Vivek Kartha is joined by Jessica Partington, Senior Property Manager at Daniel Corporation. They talk about her career in the property management industry, her expertise in the retail sector, and her experiences in her specific market, Birmingham, Alabama, a thriving city known for its rich history, architecture, and excellent food scene.

Jessica talks about how the pandemic affected the retail industry, and how there appears to be a shift in retail coming out of the pandemic. This shift is allowing for smaller businesses to lease space that otherwise might not have been practical for them in previous years.

She also talks about how her team turned the pandemic into a time of reflection, where they could look at their business practices and operating procedures and streamline them moving forward to ensure maximum efficiency and cost effectiveness.

Jessica also gives advice for new professionals breaking into the business, including her dream first assignment that would be the best learning situation for a newcomer.

This podcast is brought to you by WorkSpace. Remove the friction between assets, data, and people. With a suite of intuitive products, WorkSpace streamlines daily operations for property teams, asset managers, C-Teams, and beyond.

WorkSpace was built for CRE professionals like you. Make quick and confident decisions to deliver greater investor returns. Learn more and contact us at GoWorkSpace.com.

Deconstructed: The future of CRE

On this episode of the Deconstructed: The Future of CRE podcast, host Vivek Kartha is joined by Paul Reale, Director of Building Operations Research and Training at CUNY Building Performance Lab. They talk about Paul’s experience at CUNY, and how their organization focuses on high-performance building operations.

Paul has been involved with many projects over the years involving data analysis, management and verification of building performance. But these days, he focuses mostly on how building operators can impact the efficiency of a building’s performance, and how advanced training techniques developed at the Lab can refine those techniques to boost energy performance while decreasing carbon emissions.

As Paul points out, the restrictions on emissions and the expectation of efficiently-run facilities are being elevated on a regular basis. This is thanks to mandates from government on a local, state and federal level, as well as to societal pressure out in the communities where these buildings are located.

Many of the buildings in question are decades old, designed when energy efficiency was not an issue. With new automation techniques, including retrofitting new systems to older buildings, proper operator training is showing great results in meeting and exceeding those new mandates and standards in buildings of all ages.

This podcast is brought to you by WorkSpace. Remove the friction between assets, data, and people. With a suite of intuitive products, WorkSpace streamlines daily operations for property teams, asset managers, C-Teams, and beyond.

WorkSpace was built for CRE professionals like you. Make quick and confident decisions to deliver greater investor returns. Learn more and contact us at GoWorkSpace.com.

In this episode of Deconstructed: The Future of CRE, we sit down with Jim Hancock, Senior Vice President - Capital Markets at NAI Robert Lynn.

NAI Robert Lynn is one of the biggest and most renowned real estate firms in the Dallas/Fort Worth area, with over 50 years of experience.

The episode begins with Jim discussing the effect that Covid-19 has had on the firm. We learn that the team is back in the office, and things feel almost back to normal. We also discover that despite the pandemic, the company has experienced impressive growth.

Jim also speaks in-depth about the industrial market and why so many are interested in it right now. He explains that currently it’s a great time to be a seller in the industrial market.

The episode concludes with Jim's advice to younger people hoping to thrive and grow a career in the real estate industry: never lose sight of how essential it is to be face to face with people so you can understand them and grow a relationship; always be kind to people in the industry.

Do you want to learn the secrets of running a successful real estate firm in Dallas? Then tune in to the latest episode of Deconstructed: The Future of CRE with Jim Hancock, Senior Vice President - Capital Markets at NAI Robert Lynn.

Resources Mentioned


DocuSign

NAI Robert Lynn


This podcast is brought to you by WorkSpace. Remove the friction between assets, data, and people. With a suite of intuitive products, WorkSpace streamlines daily operations for property teams, asset managers, C-Teams, and beyond. WorkSpace was built for CRE professionals like you. Make quick and confident decisions to deliver greater investor returns. Learn more and contact us at GoWorkSpace.com

On this episode of the Deconstructed: The Future of CRE podcast, host Vivek Kartha is joined by Kimberley Morgan, Managing Director Of Property Management at Stream Realty Partners, to talk about her decades of experience in the property industry, the changes she has seen, and the challenges the industry needs to tackle in the future.

One of the biggest changes Kimberley has seen in her time in property management is the influx of women into management roles. When she started, all the managers and directors were male. In the past ten years, this has shifted to mostly female. Although, as Kimberley points out, there is still room for improvement in upper management.

Another change she has seen is in technology. When she started, the industry used DOS-based software and floppy disks. Now, everything can be done on a phone and the biggest challenge she sees is the adoption rate in the industry, which she says can be noticeably slower with the older generation.

Kimberley closes the podcast by addressing diversity and inclusion. While there has been great progress, she thinks property management has a long way to go, and she is taking it upon herself to mentor younger people of color who are new to the industry to help them to continue to move up the ladder.

This podcast is brought to you by WorkSpace. Remove the friction between assets, data, and people. With a suite of intuitive products, WorkSpace streamlines daily operations for property teams, asset managers, C-Teams, and beyond.

WorkSpace was built for CRE professionals like you. Make quick and confident decisions to deliver greater investor returns. Learn more and contact us at GoWorkSpace.com.