A wise investor once said “I don’t like to invest in what I can’t control.” That can be good for an investor that is very hands on and likes to be big a big fish. It also might be a truism for TIC investments but the smaller fish in big pond does have its advantages of safety in numbers.
While Adam tends on his own school of fish, the entries may be spread over the summer….
Posted in Investing, Uncategorized
on what you read…..so maybe just stop thinking and just do the work you love.
If the consumer is on high risk alert but the commercial scene looks for the most part pretty good then what is one make of it? In the world of specialization and micro niche, the commercial RE investors and entrepreneurs need the latitude to follow the bouncing ball of commercial trends by staying one bounce ahead of the reporting. This might be obvious to some or reactionary to others but in the mid run (next 5 years) multihousing looks solid and retail looks risky. Then again, people still want to invest in the fact that people gotta eat and buy stuff and the conclusion might be from reading into too much and not seeing the forest for the trees or the reaction to the media action.. Maybe the best crystal ball are the instincts not the analysis? But hey, last time Adam checked this was not looking so hot(or cool as it were) either.
Just remember the Lama’s words next time your instincts conflict with the reporting:
“Take into account that great love and great achievements involve great risk.”
Posted in Industrial, Uncategorized
Just finished a great read on commercial real estate. Its an informative, inspiring, and useful resource for those who dig this stuff. It came across the radar looking into a national investment brokerage firm opening an office in our market.
It examples success stories in commercial real estate fairly typical in the vast myriad of books out there on real estate. But what makes this one different is the second half of the book. First it gives useful long-term market outlook and secondly, the annotations are a helpful reference section for anyone in, or getting into, the business of commercial real estate. If you read this book and have another book you feel has similar value to commercial real estate wonks, please comment. (and no if you are thinking it, I don’t get any financial benefit from sending people to Amazon to buy the book.)
Posted in Uncategorized
What drives your business? People do.
The ones who lead it, who work it, who buy it, who talk about it.
In many companies at least half of these people do this in the same space, digital or physical. If it’s the latter, does it not make sense that the environment is a key element of motivation? A well thought out, creative, inspirational space will result in occupiers with the same qualities.
Sure the coin is important, but without personal purpose and an energized environment, humans are not inspired. All focused in the same direction, cause, or message… the business is driven.
What are you doing in your business environment?
Posted in Uncategorized
Driving through Scott County on Saturday I noticed the number of recently built homes in what was not so long ago farmland. Luxury homes are going up everywhere. As people settle out in the land of the long commute, they will look for services, conveniences and eventually their own businesses to come to them. It’s part of the magnetic pull to develop the quality of life that caused the migration in the first place. As commercial developers, we need to anticipate this need by building in a just in time fashion. Retail has taken its foothold but their is plenty of room for professional health and well being services, home environment customization and small business commerce to serve the growing demographics of the area. The commercial land for sale by Adam in Prior Lake is a parcel perfect for such a business looking to anticipate this growing population. Take look, take a drive and think about how your business might best be served by going to them instead of making them come to you.
Posted in Uncategorized
