January 14th, 2019
Each week, I select a few articles that rise above the fray and hopefully help you on your journey in the CRE world. They pull from one of four "corners:" corporate real estate, technology, management science and anything positive. I welcome your comments on these articles.
"At North American Properties' Colony Square redevelopment project, the prolific developer secured an agreement with its general contractor that will cap any construction cost increases.That was something that the developer rarely ever considered before the Great Recession of 2008, Managing Partner Mark Toro said.“Pre-recession, we did not see the kind of run-up [on construction pricing] that we have seen this time in this cycle,” Toro said. “The level of activity is not unprecedented by any means ... but it's by far the most activity we've seen in our careers. And that's what's leading to the pricing pressure." www.bisnow.com[tweet_box design="box_09" float="none"]"Pre-recession, we did not see the kind of run-up [on construction pricing] that we have seen this time in this cycle...The level of activity is not unprecedented by any means ... but it's by far the most activity we've seen in our careers. And that's..leading to the pricing pressure."[/tweet_box]
"After a morning of tedious three-ring-binder presentations from executives, and stuffy lectures by professors, it was time for the keynote speaker. Herb walked to the podium, lit a cigarette, poured a glass of Wild Turkey bourbon, and delivered what remains the most hilarious, baudy, utterly brilliant CEO speech I have ever heard. When I spent a little time with him after the talk, I realized immediately that I was in the presence of leadership greatness — an entrepreneur who was as smart as he was sassy, as competitive as he was human, as consequential as he was approachable." www.hbr.org
DAVID WOO/GETTY IMAGES
"Google’s Waymo has officially launched the world’s first self-driving, ride-sharing service! Residents in four Phoenix suburbs can now ride around in its robo-taxis for a small fee.
In RiskHedge, I recently explained why self-driving cars are going to gut the auto industry like a fish. And Phoenix is only the first step in Waymo’s domination of American roads.
Here’s why....." www.forbes.com
"Some books stick with you, long after you’ve closed the cover. The best books linger for decades, changing the way you look at the world. Those were the sorts of books we requested when we asked 20 world-class scholars to recommend titles for our 2018 list of the best leadership books available.You can’t actually earn a Ph.D. in leadership from reading these books. (If you really do want to earn your doctorate, we hope you’ll check out this Ph.D. program in leadership, for senior executives.) What the books will do for you, however, is provide mind-stretching insights that help you think deeper and lead stronger.We assembled this list of readings from some of the smartest people we know: top scholars with extensive practitioner experience. We asked them to tell us about the books that changed the way they think and lead.The remarkable list ranges in year of publication from 1958 to 2018, and the topics are almost as diverse. Below we share the insights of the experts who recommended each title. We also suggest who on your holiday list might enjoy reading each book" www.forbes.com
“The novelty of the internet platform boom has mostly worn off.
Now that companies like Facebook, Amazon, and Alphabet are among the world’s most valued companies, people are starting to hold them more accountable for the impact of their actions on the real world.
From the Cambridge Analytica scandal to the transparency of Apple’s supply chain, it’s clear that big tech companies are under higher scrutiny. Unsurprisingly, much of this concern stems around one key currency that tech companies leverage for their own profitability: personal data.” www.visualcapitalist.com
Your success blesses others. I wish you a great a hugely impactful week!