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June 30, 2021

Virtual CRE Tours, After Mass Adoption, Face Fight For Relevance Post-Covid

[Digital Summit] Where are lenders looking to finance NYC construction & development projects? Midwood Investments & Rybak Development to discuss July 21

When the coronavirus restrictions froze almost every aspect of dealmaking — from travel to in-person tours — the real estate industry scrambled to find alternatives to keep business going. Many of those alternatives came in the form of advanced technology, with developers, property managers and proptech firms alike plowing time and money into creating new technologies to allow clients to keep looking at assets to buy and space to rent.

As the pandemic slowly begins to recede and restrictions ease, doubts have emerged as to whether these offers will stand the test of time. Some commercial real estate players consider them a vital part of the business that is here to stay, but others think their shelf life is limited.

Virtual CRE Tours, After Mass Adoption, Face Fight For Relevance Post-Covid

 “I think momentum is exponential across the board, and it’s never going back,” VTS co-founder Ryan Masiello said. “But there's going to be many people that are providing the sort of digital services that where the proof really wasn't in the pudding and that they'll sort of fade away.”Last summer,…

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C&W Exploring Moving NYC HQ Out Of Vornado And Trump's 1290 Sixth Ave.

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Like many of its clients, one major brokerage firm is rethinking its Manhattan office space needs. Cushman & Wakefield is considering moving out of Vornado Realty Trust’s 1290 Sixth Ave., the brokerage company’s New York City headquarters for the past 13 years, when…

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Hybrid How-Tos: Managing An 'Enormous, Fundamental Shift'

Technology and trust. One functional and rational, the other one of the most fundamental human emotions, something that bonds us together. Those are the two things needed to make the hybrid office work. 

While workplaces begin adjusting to hybrid office arrangements, corporations and managers need to begin adjusting their expectations and get ready for an “enormous, fundamental shift,” said Gartner Chief of Research Brian Kropp, who specializes in human resources.

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Origin Stories: Cushman & Wakefield's Doug Jones On How Military Experience Prepared Him For Life In CRE

 

Doug Jones knew about pressure and leadership well before he took an associate role at Cushman & Wakefield in 2015. After all, Jones, a former infantry officer and Army Ranger, had been deployed to Afghanistan when his then-fiancee met the broker who recommended commercial real estate as a post-military career.

While a different level of intensity, the gamble of getting into the brokerage business offered plenty of pressure. When Jones got started, his base pay was a third of the wages he earned in the Army.

The bet on himself paid off, and some five years after moving to a commission-only pay schedule, the United States Military Academy graduate is the managing principal of Cushman & Wakefield's Dallas operations. 

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