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The Most Valuable Asset: Expanding the CRE Talent Pool

originally published by Rochelle Broder-Singer for NAIOP National

WomenInCRE

To address its ongoing talent shortage, the commercial real estate industry must look outside of traditional recruiting avenues and consider people with nontraditional career paths.

Ten years ago, great employees seemed much easier to find – an organization might find three excellent candidates for anyone open position. Today, it can feel like there are no great candidates available.

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Grant Hill on Coach K, Leadership and Attracting Young People to CRE

originally published by Brielle Scott for NAIOP National

Grant Hill

Attendees at CRE. Converge this week had the unique opportunity to hear from seven-time NBA All-Star and sports icon Grant Hill. Skip Kalb, principal, Skip Kalb Strategies, LLC, and incoming chair of the NAIOP Research Foundation, interviewed Hill about lessons learned through his time in the NBA, his recent appointment to lead the USA Basketball Men’s National Team in the 2024 Olympics, his transition to a powerhouse commercial real estate investor and owner in several markets across the country, and more. 

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Build-to-Suit vs. Spec: Which Building is Right For a Specific Company?

originally published by K.J. Jacobs for NAIOP National

Building Pic

Businesses that are young and growing might lean toward spec; older, established firms could favor build-to-suits.

When it comes to choosing the right building, there are several questions an organization must ask itself. Is the company at a place where it can invest in a building that will attract prospective employees? Is the company looking for a more temporary or flexible workplace? Is the facility able to support the organization’s needs for production, research, collaboration or innovation? 

Since each company’s requirements, goals and operations are unique, as are each facility’s offerings and characteristics, the answers will vary depending on who’s asking. 

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A Two-Dimensional Approach to Evaluating Commercial Real Estate Markets

originally published by Maria Sicola, Charles Warren, PhD, and Megan Weiner of CityStream Solutions, LLC and posted for NAIOP Global

In 2020, the NAIOP Research Foundation published A New Look at Market Tier and Ranking Systems, which identified the limitations of one-dimensional tier and ranking systems that are commonly used to evaluate metropolitan commercial real estate markets. When tailored to the needs of a specific type of investor, these models can help prioritize markets for consideration. However, tier and ranking reports designed for a more general audience tend to be of only limited use to most end-users since they do not account for differences in investment strategy, risk tolerance or specialization. Further, all tier and ranking models condense complex market characteristics into a single score, providing only limited information that investors can use to evaluate and compare different markets.

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The Vaccines are Here. What Happens Next?

Originally published  by Trey Barrineau for NAIOP Spring 2021 Issue

The rollout of immunizations to defeat COVID-19 has enormous implications for the commercial real estate industry.

In late 2020, the U.S. and other countries began distributing vaccines to control the COVID-19 pandemic. It is the single most important development in the year-long fight against the disease, which has killed and sickened millions around the world and crippled the global economy.

The stakes are high. The vaccines will not only save lives and boost the morale of hundreds of millions who have been forced to live constrained lives due to lockdowns and other public health measures; experts say they are also the most important factor in the overall economic recovery from the pandemic. The commercial real estate industry has been hit hard by the pandemic, particularly the retail, office, and lodging sectors.

“If we get 70% to 85% of the country vaccinated by the end of the summer, I believe by the time we get to the fall, we will be approaching a degree of normality,” Dr. Anthony Fauci, the chief medical advisor to President Biden, said in late January. “It’s not going to be perfectly normal, but one that I think will take a lot of pressure off the American public.”

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[NEW] Commercial Real Estate Compensation Reports

Originally published on December 2, 2020, by NAIOP.

Recruiting and retaining top talent has become essential in today's highly competitive marketplace.

Is your salary and bonus package competitive? Find out with the 2020 NAIOP/CEL Commercial Real Estate Compensation and Benefits Reports.

These valuable reports enable commercial real estate businesses to stay current on salaries, bonuses, and benefits for professionals in executive and entry-level positions. The reports include submissions from over 300 companies; salary, bonus, incentives, and benefits for up to 200 positions; and data from 100,000 distinct jobs in the office/industrial, retail and residential property sectors.

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