I have been using Evernote for about a year in a rather hit and miss fashion. In the last three months, I began to use it in a very focused way to keep track of everything for both business and personal use. Evernote is a very powerful tool, however it is not terribly intuitive, and it was only after I read Dan Ouellette’s book, “A Complete Guide to Using Evernote For Real Estate”, did I begin to really understand the power of Evernote to manage incredible amounts of information in a highly efficient manner. The purpose of this presentation is to give you some ideas on how you might be able to use Evernote to work for you.
Evernote is a free application that works on the iPhone, Mac, iPad, Android, and PC platforms. If you use it too much, you may have to step up to a paid version, but you can at least start out for free to see if it works for you.
According to Jim Young, CEO of RealComm, a commercial real estate and technology advisory firm, “A growing number of corporate property owners say they have up to 50 percent excess leased office space and their goal over the next five to seven years is to eliminate that space”
Mobile technology is not only making these changes possible it is driving office culture. According to an international study by Cisco, three out of five office workers say they no longer need to be in an office to be productive anymore. More and more companies are beginning to adopt a “shared seating” approach in which employees “share” seats. This essentially means they are only in the office for face to face collaberative meetings and spend the rest of their time at their customers or at their homes.
What does this mean for office space utliization in the future? There are predictions that by 2015 the amount of office space per employee could drop by as much as 75%. It seems as if the “great recession” is accelerating the adoption of new technologies to lower cost and that the office of the “almost here” future will look very different form the office of the “almost gone” past.
The information for this posting came from an article in the Certified Commercial Investment Journal entilted “Resizing or Rightsizing?”. If you would like a copy of the article, please contact me at firstname.lastname@example.org
Cynthia and I just returned from a week up in Alaska, mostly around Denali National Park. Encompassing 6,000,000 acres, roughly the size of Massachusetts, it is one of the largest nature parks on the planet. It includes most of the Alaska Range with Mt. McKinley(Mt.Denali to Alaskans) being the crown jewel.
Unlike the National Parks in the “lower 48”, there is only one road, one way, into the park. You can only drive on the first 18 miles of the 92 mile road, and then you must board one of the Buses provided by the park service to travel the remaining 74 miles of unpaved road over some of the wildest and untouched country you will ever see.
The long standing value paradigm in this industry has always been “Location, Location, Location”. Perhaps that is beginning to change to “Q3”, a term coined by Stewart Title Chief Economist, Ted Jones in a recent presentation he made in Portland, Oregon here recently. Q3 is shorthand for the new Paradigm, “Location Quality, Property Quality, and Tenant Quality”.
Case in point, The Mortgage Bankers Association (MBA) had a brand new 10 story Leed Gold Certified Building constructed just a few blocks from the White House in Washington DC. The MBA paid approximately $79 Million in 2008 for this trophy asset and occupied about half of it. Their inability to lease the rest of the building forced them to sell it to the Costar Group in February 2010 for $41 Million, or a $37.7 Million dollar loss in just over a year. Continue reading
Last week Bill Gross, who runs the world’s largest bond fund at Pacific Investment Management Co., sold all government related U.S. debt from PIMCO’s $237 billion Total Return Fund. You may be thinking, “Why is this tidbit of news important to us?” Good question. When someone who is as knowledgeable about the bond market as Mr. Gross decides to get out of U.S. bonds there’s a good chance that something significant is about to happen. Gross is betting that the discontinuation of the Federal Reserve’s Quantitative Easing program (QE2) in June will have a negative overall impact on the bond market.
That’s back up for a minute and explain some things. QE2 is the Federal Reserve program of buying U.S. government debt instruments for the purpose of stimulating the economy. In a period of only 28 months the Federal Reserve has become the largest owner of U.S. Treasury Bonds ($972 billion as of December) surpassing both China and Japan who took decades to accumulate their bond holdings. Yesterday, Mr. Bernanke, Chairman of the Federal Reserve confirmed that the Fed will discontinue QE2 as planned by the end of June.