Summer Cool Down - How To Deal With Hotheads in Business

As of last Friday, it is officially summer and the temperatures aren't the only thing that can get hot. In the competitive industry of commercial real estate, one is bound to encounter a hothead or two. This could be a co-worker who always has a hostile demeanor or a client who flies off the handle at the tiniest details. Regardless, it's important to keep one's cool and work with said "hot head" in a way that won't derail the progress of your work. Here are some tips for a person who is blowing their top in the workplace:

Property Management Tip #9 - Market Trends

Understanding how shift in culture affect rentability

A well-managed property should analyze trends better than its competitors. 

BRES' Deal of the week - Mercy South

Block Healthcare Development recently closed on the sale of two Medical Office Buildings (MOB) in Des Moines, owned by Mercy South LLC.  Both buildings are 100% occupied and fully leased. 

Architectural Design for Commercial Development

Architects work to improve the built environment. Along with the economic and functional needs of a project, an individual architect will bring their design sensibilities to the project which will affect the aesthetic outcome. What is consistent with all projects is that when a building or buildings are constructed, they will look like something.

Some key consideration; should a building blend in with its surroundings? Should the building be  be contemporary or traditional? Should the building's aesthetics be dictated by  environmental considerations? Historically, clients have had a very strong concept of the budget and function of their project with a lessor commitment to understanding of the aesthetic design direction.

BRES' Deal of the Week - Platte Valley Industrial Center

Scott Cordes, Zach Hubbard, and Kenneth G. Block, SIOR, CCIM of Block Real Estate Services (BRES) leased a 9,600 SF industrial space located at 460 NW Parkway in Riverside, MO. 

The Importance of Expertise in Capital Market Investment

Many investors who are seeking to construct a well diversified portfolio often focus almost exclusively on publicly traded equities and fixed income securities. They fail to consider the role that well chosen real estate investments can play in addressing the challenges presented by a world of low to negative real interest rates, broadly eroded credit quality and near record stock prices.

While the proliferation of ETF’s and industry specific index funds has made it easier for investors to target the exposure they need to various invest-able sectors of the economy, the perceived obstacles to investing in non-securitized real estate persist.  Given the increasing uncertainty related to the continuation of quantitative easing, the potential headwinds from the sequester and increasing volatility in public markets, it is now a good time to review those perceived obstacles and reassert the rationale for making an allocation to the asset class when it is time to re-balance one’s portfolio.

Property Management Tip #8 - Pushing Revenue

Make pricing trends work for you! 
A well-managed property
should set prices more strategically than competitors. 

BRES' Deal of the Week - Millennium Business Center

Chris Cargill, Kenneth G. Block and Michael R. Block completed a 63 month lease of 16,745 SF at 11321 Strang Line Road in Lenexa, KS. 

BRES' Deal of the Week - Future Hy-Vee Gas Store

Lou Serrone of Block Real Estate Services (BRES) closed on a sale of 60K SF of land in

Lenexa, KS. 

Property Management Tip #7 - Vendor Relations

Cultivate positive vendor relationships!

A well-managed property should build better vendor relationships.

On-site and regional managers should proactively build relationships with skilled workers.  Choose vendors that are in your price range, are trustworthy, and do very good work.  Keep them close, and they will come to the rescue when the property needs it most.