Friday, November 27, 2015

Black Friday / Holidays / Sharon / Doug Shorenstein

Black Friday in my new ‘hood’
Nope, I didn’t going shopping today* - although yesterday I did see people who had literally spent the night camped out at the entrance to a Best Buys (electronics) store, near the Asheville, NC airport.  I was tempted to go up and ask them, “What’s the deal?” but thought they might think I was trying to cut into line!

I’ve been spending my time driving around, exploring my new ‘neighborhood’ and beyond.  I really like it.  Yesterday I took a walk in a national forest, which is about a 10-minute drive from my apartment. Driving slowly, I managed to avoid hitting the deer that pranced across the road in front of me when I drove into the park.  Then I took a hiking trail which was wonderful – that is until a man and woman carrying rifles walked towards me – I definitely wasn’t ready for that.  I was dressed all in black and, at the advice of a friend, I left the park and found a store that was open, even on Thanksgiving Day, and bought some orange day-glow tops so that I’m not mistaken for a black bear on future walks.

*For those outside the U.S., today is known as “Black Friday.”  It’s the day after Thanksgiving when retailers are open for insane hours hoping to achieve sales that will get them ‘into the black’ (profitable) for the year.  But, the term, ‘Black Friday’ was originally used to describe the crash of the U.S. gold market on September 24, 1869.  There’s more to this story – Google it if you’re interested in reading more.

Holidays
In the U.S., we’re celebrating Thanksgiving Day weekend.  I believe it’s the most widely observed holiday for families and friends to get together. Thinking about the flash in time since Thanksgiving 2014, it reminds me of how fast time is flying by.  In the hustle and bustle of our lives, work, school, etc. all of us say, “Yeah, I’m planning on doing this or that or going to this or that place.”  But things managed to get delayed, sometimes for very valid reasons, other times simply because we feel we’ll always have time.  But we don’t.  My thoughts with you today: Enjoy the holidays and let’s do something we’ve been putting off.  There is no better time than now!

With the thoughts of family on this Thanksgiving Day weekend, I decided to share a piece which I’ve published at least once since 1999 when I first started writing this column: 

On Children by Kahlil Gibran
Your children are not your children.
They are the sons and daughters of Life's longing for itself.
They come through you but not from you,
And though they are with you, yet they belong not to you.

You may give them your love but not your thoughts.
For they have their own thoughts.
You may house their bodies but not their souls,
For their souls dwell in the house of tomorrow,
which you cannot visit, not even in your dreams.
You may strive to be like them, but seek not to make them like you.
For life goes not backward nor tarries with yesterday.

You are the bows from which your children as living arrows are sent forth.
The archer sees the mark upon the path of the infinite,
and He bends you with His might that His arrows may go swift and far.
Let your bending in the archer's hand be for gladness;
For even as He loves the arrow that flies,
so, He loves also the bow that is stable.

Sharon
Today would have been the 66th birthday of Sharon, my first wife and the mother of my two sons.  But she didn’t make it until her birthday.  In July, Sharon lost her two and a half year battle with leiomyosarcoma, a rare and incurable form of cancer.

Today, prompted by the anniversary of her birthday, I woke up very early this morning with some things I wanted to share with you.

Sharon and I met in 1967 or 1968 when she was an art major at Jersey City (NJ) State Teachers College. It was a very special era. I was playing keyboards in a local band called Everyone.  Sharon’s college roommate, Denise, was a singer in the band at that time and both our drummer, Tommy Bruno, and lead guitarist, Puggy DeRosa, attended Jersey City State.  We were a popular band there and after one of the dances we played in Vodra Hall, I remember Sharon and I talking outside by my car.  We went on one date and had a great time – then she told me she had recently broken off an engagement and didn’t want to get serious about anyone right then.  I didn’t understand, but then again, I’m a guy…what did I know??  So we went our separate ways.  Periodically she’d show up at one of our shows and even took up with one of our bass players for a while.  Then, in 1973, out of nowhere, I heard from her.  She was working as an elementary-school art teacher. We started seeing each other and in 1975 got married in Livingston, NJ.

In 1977 our first son, Brian, was born, followed two years later by Kevin.  Sharon had a job teaching in Parsippany, NJ (where we had bought our first house) and when Brian was born she decided to become a full-time Mom – something I realized she had seen as her true calling.

She was a really good Mom and the fact that Brian and Kevin developed into the men they are today has a lot to do with her.  I first started being ‘On the Road’ in my real estate career in 1975 and, with regrets, was not around as much as I would have liked to have been.   Our homes were always open to the boys’ friends and neighbors and became the ‘go to’ house.  We always had art and music in our houses and as the boys grew up, our basements became the launching pad for some of their early bands.

Both Kevin and Brian pursued their creative side.  Kevin’s career has centered around the TV industry – MTV, VHI and for many years now as an independent producer of some of the well-known reality shows.  Brian was a member of a touring band, Om Trio, which had 5 CD’s and critical acclaim.  He’s now an Assistant Professor of Music at the University of North Carolina – Asheville and the co-author of
Interactive Listening: A New Approach to Music, an innovative music appreciation textbook and iBook designed for the 21st century student.

While Sharon and I didn’t really communicate much about it after our divorce in 1995, we were both so very proud that the boys pursued creative careers and are doing things they really love to do.

During Sharon’s illness, the boys were able to spend a good amount of time visiting with her and were also able to bring the kids, the grandchildren of Sharon and me, to see her from time to time.
Now, as many of you know, Brian and his wife Bridget have two sons, Sean (6) and Gavin (4) who now live about 20 minutes from me.  Kevin and Marissa’s twins, Edie and Ben, are 4 and live in a suburb of New York City.

As much stress as there was in the relationship between Sharon and me, I can’t describe how much her dedication to our family means to me.

Doug Shorenstein
I'm sorry to be the bearer of sad news if you have not yet heard this - Doug Shorenstein, Chairman and CEO of the San Francisco-based real estate giant, passed away on Tuesday, November 24th at age 60. I didn’t know Doug well, but did know him as a class act and someone who took the business started by his dad, Walter, to new heights.  Doug was a good guy.  It’s all very sad.

We’ve lost some wonderful industry people – all ‘before their time’ (sorry, I’m sure I’ve missed some):
Susan Hudson-Wilson - John Koza - Peter Lewis - Ashlee Lambrix  - Bill Holmes - Anne Pfeiffer - Anne Hoagland - Kevin Haggarty - Pat Goldstein - Marc Louargand - Onno Husken - Frank Blashka - Joseph Dear - Bernard Winograd - Joe Robert…

These folks, all of whom I knew to a greater or lesser degree, made an impact on the global commercial real estate industry, and in some cases and impact on me as well (and maybe for many of you too!).

On the Road…

Dec. 2-3: NAREIM Capital Raising and Investor Relations, Chicago, IL 

2016

Jan. 20-22: IMN’s 13th Annual Winter Forum on Real Estate Opportunity and Private Fund Investing, Laguna Beach, CA 

Jan. 26-27: NAREIM Acquisitions and Dispositions, Beverly Hills, CA

Jan. 28: Felix /Weiner Women’s Leadership Workshop, Los Angeles, CA 

Feb. 2:  Felix/ Weiner Women’s Leadership Workshop, Dallas, TX

Feb.4:  Felix/ Weiner Women’s Leadership Workshop, Houston, TX 

Feb. 16-17: NAREIM Research and Investment Management, Chicago, IL 

Feb. 18:  Felix / Weiner Women’s Leadership Workshop, Chicago, IL 

Mar. 8 & 9:  Pension Real Estate Association (PREA) Spring Conference, Boston, MA

Mar. 10: Felix / Weiner Women’s Leadership Workshop, New York City

Apr. 6-7: NAREIM Asset and Portfolio Management, Atlanta, GA 

Apr. 8:  Felix/ Weiner Women’s Leadership Workshop, Atlanta, GA

Apr. 13-14:  PERE Global Investor Forum, Los Angeles, CA







Disclaimer 


All content in this blog is created for informational purposes only. Content, which includes all text, photos, video and graphics is not intended to malign any religion, ethnic group, club, organization, company or individual.  Steve Felix makes no representations as to the accuracy or completeness of any information on this site or other information as a result of following any featured link to or from this site.  The intention of this blog is to do no harm in regards to injury, defamation or libel. What is written or shown is not to be taken as fact or absolute.  Steve Felix will hold himself harmless for any errors or omissions in this blog’s information; including but not limited to external link information, translation or interpretation of content or incorrect grammar or punctuation. 











Saturday, November 7, 2015

PrivCap Academy / NAREIM Executive Officers Meeting / Driving to Asheville / Pizza - Drink Thing NYC Nov. 9

PrivCap Academy

My friends at Privcap recently announced the launch of Privcap Academy - “the definitive online learning platform for anyone who needs to understand the core concepts and language of private equity.” Their debut educational offering is called “Fundamentals of the Private Equity Asset Class.”  It’s a self-paced, 9-module, 150-minute course featuring instructors Kelly DePonte of Probitas Partners and Brian Rich of Catalyst Investors.  I had the opportunity to meet Kelly some years back.  He’s a very knowledgeable and engaging guy. 

The cost is $499 / $299 for students. Firm-wide licenses are also available.  You can find all the information here (http://privcapacademy.com) as well as a terrific glossary on the private equity world.

Congratulations to Privcap on the launch of this exciting new product!

NAREIM Executive Officers Meeting

Last week I was privileged to attend the NAREIM (National Association of Real Estate Investment Mangers) Executive Officers Meeting in Chicago.  My good friend and NAREIM President and CEO, Gunnar Branson, hosted the event.

While I’ve written before about what makes this meeting special, it’s worth mentioning again.  The attendees include many CEO’s, COO’s and other very senior executives representing some of the top institutional real estate investment management firms. There are no LP’s in attendance (sorry!).  This lends itself to unabashedly open and candid dialogue about the opportunities and challenges faced by investment managers today. (Note:  I have not posted any content from this meeting as "What's said there stays there!).

Here’s the link to NAREIM’s website where you can see the growing list of member firms (NAREIM has added 18 new member firms in the past year!) and check out their upcoming events - many are available to non-member firms as well). 

Congratulations to Gunnar and Sally Van Der Bosch, NAREIM’s Director of Administration and Meetings, for orchestrating a wonderfully interesting event that included a sneak-peak at a brand new retail concept called “Order With Me.”  From a press release website:  The OrderWithMe platform accelerates transactions and improves profitability at every state of the supply chain from manufacturers to retailers.”  It’s definitely worth checking out.

Drive to Asheville, NC

Stopped overnight at a Comfort Inn in Raphine, Virginia, right off I-81.  Asked the desk clerk if there was a restaurant that delivered to the hotel (thinking I could at least get a pizza!).  He said with a smile, “Nope.  Have you ever heard of ‘the middle of nowhere??’  Well, that’s where you are.”

One more thing:  Driving through the beautiful hills of Pennsylvania, West Virginia, Virginia, Tennessee and North Carolina I noticed a lot of cows grazing. Can someone please tell me why the cows don’t fall over when they’re standing on a hillside? 

Pizza / Drink Thing

This coming Monday, November 9, I’m hosting my 10th annual pre-holiday Pizza / Drink thing. Over the years, this casual No-RSVP-Required gathering has attracted a diverse and fun commercial real estate group.  Please join us from 6-9pm at Joe G’s Restaurant, 244 W. 56th Street (bet. B’way & 8th  Ave.) - downstairs from the DaVinci Hotel.  I supply the famous Joe G pizza – you buy your drinks. Hope to see you there!


On the Road…

Nov. 9:  PEI Real Estate Capital Forum, New York City (I’m chairman of the one-day event).

Nov. 9: Steve’s Almost Annual Pre-Holiday Pizza / Drink Thing at Joe G’s, 254 W. 56th St. (bet. B’way and 8th Ave). Downstairs from the DaVinci Hotel).  6 – 9pm.  Join your industry friends. No RSVP necessary. I supply the pizza – you buy your drinks!

Nov. 10-11:  PERE Summit, New York City (I’m moderating a panel on entity investing) 


2016


Jan. 26-27: NAREIM Acquisitions and Dispositions, Beverly Hills, CA




Feb. 16-17: NAREIM Research and Investment Management, Chicago, IL 


Apr. 6-7: NAREIM Asset and Portfolio Management, Atlanta, GA 






Disclaimer 

All content in this blog is created for informational purposes only. Content, which includes all text, photos, video and graphics is not intended to malign any religion, ethnic group, club, organization, company or individual.  Steve Felix makes no representations as to the accuracy or completeness of any information on this site or other information as a result of following any featured link to or from this site.  The intention of this blog is to do no harm in regards to injury, defamation or libel. What is written or shown is not to be taken as fact or absolute.  Steve Felix will hold himself harmless for any errors or omissions in this blog’s information; including but not limited to external link information, translation or interpretation of content or incorrect grammar or punctuation. 






Saturday, October 24, 2015

Waterton / Women's Leadership Workshops / Technology and Real Estate / CRE Tech Intersect / Moving to Asheville, NC

Every so often, I get an email asking if I’m ok or someone approaches me at an industry event and says, ‘I haven’t seen your column in a while. Did I drop off the list?’

Yes, I’m okay – thanks for asking!  Yes, I haven’t written in a while (call it ‘Writers Block’ perhaps) and – No, no one ever drops off the distribution list (unless you choose to).

With a new commercial real estate blog seemingly launched every couple of weeks and all the postings on LinkedIn, I didn’t want to become part of the ‘noise.’  If we thought we were suffering from information overload a few years ago, I believe information and opinion on the web has been taken to a drastic extreme.  However, I’ve been encouraged by a number of friends and loyal readers to continue publishing.  So here I go again….

Waterton

My partner Liz Weiner and I attended the 20th anniversary celebration of Waterton in Chicago last week.  It was a great party, which also launched their new brand, “Waterton” (vs. 3 separate names for different divisions). 

Many of the ‘Who’s Who?’ in Chicago commercial real estate were there.  The venue was very special – the actual stage at the Pritzker Pavilion in Millennium Park! The only downer for Chicagoans that night was watching the Mets beat the Cubs!!

Congratulations once again to David Schwartz, Pete Vilim and their 2,000 colleagues at Waterton!

Commercial Real Estate Women’s Leadership Workshops

Liz and I have now conducted 10 open-enrollment Women’s Leadership Workshops.  Women from 51 different firms have attended these programs - exclusively for women in the commercial / institutional real estate industry. 

We have been so fortunate that firms have donated conference rooms for these workshops – in support of women’s leadership.  It’s with great thanks that I acknowledge those ‘sponsors’ here:
  • goulston & storrs
  • Hunt Realty Investments
  • Hunton & Williams
  • Kirkland & Ellis
  • Newmark Grubb Knight Frank
  • Paladin Realty Partners
  • Patterson Belknap Webb & Tyler
  • PM Realty Group
  • Zeller Realty Group

At the suggestion of a number of workshop participants, we will be launching a co-ed workshop series designed to help men in the industry better understand some of the challenges that face women when looking to get invited to ‘The Big Boy Table.’ Just this term itself reminds us of the male domination at senior levels in the commercial real estate industry!

Technology and Real Estate

Andy Herz, of the law firm of Patterson Belknap Webb & Tyler, has written a great piece, which he presented at a recent meeting of the American College of Real Estate Lawyers.  Here are some of my takeaways:

Changes Desired in Space Requirements of Progressive Companies:
  • Open Work Areas
  • Flexible Layouts
  • Roofs and Terraces
  • Amenities (i.e. ping pong & pool tables, gyms, yoga studios)
  • Bicycles being brought into office buildings
  • Excluding Competitors from buildings (to avoid poaching of employees)
  • Business Continuity Systems and Plans
  • Informal Use of Premises by collaborators, partners, vendors and outsource providers

Andy also writes about how ‘Self-driving Vehicles May Change the Entire Equation’.
  • Commuter cars could function as offices – since no one has to watch the road or drive
  • Parking lots would be unnecessary because after the passenger(s) has disembarked, the car would drive itself home or to an out of the way storage area – until summoned for the return trip
  • Larger driverless vehicles could serve as a modified form of mass transportation

There’s a lot more interesting information in this article.  If you’d like a copy, please email me and I’ll arrange to have one delivered to you (in a self-driving vehicle of course!)

CRE Tech Intersect

This week I attended the CRE Tech Intersect event in New York City. 400 people flocked to a raw office floor at 1633 Broadway donated by one of the event sponsors, The Paramount Group. 

While there were many companies offering ways of managing data more efficiently and effectively, I was particularly intrigued by several companies with very creative missions:
  • Chessiecap – the first real estate technology investment bank
  • OppSites – matchmaking for cities and developers
  • LiquidSpace – turn extra space into extra cash flow
  • Managed by Q – cleaning service platform
  • RealConnex - a platform to connect the entire real estate ecosystem.

CRE Tech Intersect founder, Pierce Nienken, has done a great job in bringing together today’s generation of commercial real estate technology providers and users.  It’s a far cry from the very first Commercial Real Estate Technology Conference held in NYC in 1997.  That one, organized by the industry’s first blogger, Peter Pike, had six exhibitors (including the start-up I was with) and about 40 attendees. It’s terrific to see the commercial real estate industry finally embracing technology – in a big way!

Moving to Asheville, NC

I’ve flown almost 3 million miles in my life - the vast majority of it for business.  While it’s wonderful to get on a plane and magically land in a different place, there’s nothing like getting in the car and driving.  Over the summer I drove the entire Skyline Drive – which runs 105 miles North-South along the crest of the Blue Ridge Mountains in Shenandoah National Park, Virginia. The views are wonderful!

Then, just last week, I drove a portion of the Blue Ridge Parkway – starting in North Carolina and getting off in Virginia.  The fall foliage and vistas were both breathtaking and spectacular.

The first trip, in August, was for the Felix Family Reunion in Asheville, NC.  It included my two sons and their families (4 grandchildren), my brother and his son and family (two more kids).  It was great! And, as at every Felix get-together (are all families the same as us?), there was virtually continuous eating, talking about eating, or making plans to eat! The Myron Violation* in all its glory!

Shortly after returning from the second trip to Asheville I decided to move there! I’ve since signed a lease on an apartment and am relocating from New York City in just a few weeks! Whenever I mention Asheville, I hear such positive responses – either people have been there and liked it, or know people who say great things about it.  While I’m not excited about the packing, I’m really looking forward to the move. Stay tuned!

*The Myron Violation:  named many years ago after my late uncle Myron Silverman.  Let’s say you’re eating a meal and someone starts talking about another meal they had in the past – instead of simply enjoying the present.  That’s a MYRON VIOLATION! 

On the Road…

Oct. 26-27:  NAREIM Executive Officers’ Meeting, Chicago, IL 

Nov. 9: Steve’s Almost Annual Pre-Holiday Pizza/Drink Thing at Joe G’s, 254 W. 56th St. (bet. B’way and 8th Ave). Downstairs from the DaVinci Hotel).  5:30 – 8:30pm.  Join your industry friends. No RSVP necessary.

Nov. 10-11:  PERE Summit, New York City (I’m moderating a panel on entity investing) 


Jan. 2016: Felix / Weiner Women’s Leadership Workshop, Laguna Beach, CA


Jan. 26-27: NAREIM Acquisitions and Dispositions, Beverly Hills, CA 

Jan. 2016:  Felix / Weiner Women’s Leadership Workshop, San Francisco

Feb. 2016:  Felix / Weiner Women’s Leadership Workshop, Dallas

Feb. 2016:  Felix / Weiner Women’s Leadership Workshop, Houston

Feb. 16-17: NAREIM Research and Investment Management, Chicago, IL 

Apr. 6-7: NAREIM Asset and Portfolio Management, Atlanta, GA 

Apr. 8, 2016:  Felix / Weiner Women’s Leadership Workshop, Atlanta

Apr. 13-14:  PERE Global Investor Forum, Los Angeles






Disclaimer 

All content in this blog is created for informational purposes only. Content, which includes all text, photos, video and graphics is not intended to malign any religion, ethnic group, club, organization, company or individual.  Steve Felix makes no representations as to the accuracy or completeness of any information on this site or other information as a result of following any featured link to or from this site.  The intention of this blog is to do no harm in regards to injury, defamation or libel. What is written or shown is not to be taken as fact or absolute.  Steve Felix will hold himself harmless for any errors or omissions in this blog’s information; including but not limited to external link information, translation or interpretation of content or incorrect grammar or punctuation. 



Friday, July 24, 2015

25th Anniversary of the ADA (Americans With Disabilities Act)

My good friend Peter Slatin is founder of Slatin Group.  They focus on providing education and training to improve communication and interaction with special-needs customers in any business environment.  Many of their clients are major hotel chains.

Last Tuesday, in celebration of the 25th anniversary of the Americans With Disabilities Act, Peter was the keynote speaker at an NYC & Company Talks: ADA - Beyond Compliance to Service.  There was a wonderful handout provided (which I believe Peter is going to add to his website).  I’ve typed up the content and wanted to share it with you. 

Slatin Group
Ask
Listen
Respond
Follow Through

Universals
It’s a unique experience with a common thread
People first language
Don’t apologize
If you’re inspired, don’t say so
Be courteous, not curious

Vision
Provide explicit directions
Don't touch person, cane or dog harness
Offer your elbow
Don’t say “over there”
Introduce yourself simply
Announce doors and stairs

Hearing
Don’t shout
Speak directly
Suggest texting
Don't say:  “never mind”

Mobility
Don’t lean on or push wheelchair
Make sure spaces and places that claim accessibility are accessible
Make sure that bathroom aids are as specified
Leave room furniture in place

Service dogs
When they are in harness, they are at work
Ask permission to pet or address
Respect owner’s response
Never offer food

In 1990, the company I worked for had the grand opening of a factory outlet mall in the Midwest.  We were very excited and I was there representing management.  Shortly after the doors opened to a rush of people at 10am, a person in a wheelchair approached me.  “The doors are too hard for a person in a wheelchair to open.”  I thanked them, said that we hadn’t realized it and would take care of it immediately.  We asked the wheelchair bound person to go with one of our engineers to make certain that the right adjustments were made. This was a number of months before the ADA was adopted.  It was something I’ve always remembered.

 

Blog Archive