30 years, 30 Life-changing Innovations

Public Broadcasting’s Nightly Business Report and the Wharton School at the University of Pennsylvania just ranked the top 30 innovations of the past 30 years. The list includes the Internet, of course, along with personal computers, mobile phones and e-mail. But some of the other items on the list may surprise you.

“The pace of innovation has been so hectic in recent years that it is hard to imagine which innovations have had the greatest impact on business and society,” the NBR and Wharton researchers conclude. What do you think–and what, if anything, did they miss? As a commercial real estate professional, you may have your own ideas. So here’s the challenge: If you could create your own list of top 30 innovations, what would it include?

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Doing More With Less

Commercial real estate managers are under intense pressure to increase corporate profit margins. It’s a challenging task:

To achieve this goal, they have to  maintain high occupancy levels, invest in the right markets at the right time, deliver projects on time and on budget, and control operational costs – all while strategically planning growth or diversification.  Continue reading

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Due Diligence

At the peak of the real estate market several years ago, I watched in disbelief as a subprime mortgage lender leased hundreds of square feet of office space in suburban New York City. The property owners seemed thrilled with the deals. So were the real estate brokers. And everyone judiciously avoided the one obvious question: Why does this company need so much space? Continue reading

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Is It Time to Unplug?

 Technology gives us speed, convenience and depth of information. But is faster and easier always an advantage–or does too much data offer anything more than a base for self-fulfilling expectations?

We’re inundated with bad news and even worse forecasts. Consider this uplifting assessment of the commercial real estate industry, posted recently on the Internet by Paul Craig Roberts, assistant secretary of the Treasury in the Reagan administration: Continue reading

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Facts or Feelings

 Driving through Hollywood Hills more than a year ago, I was awed by the view, the homes and the unusually large number of “For Sale” signs. But I was struck even more by what I couldn’t see-a sense of foreboding or impending doom. Something just didn’t feel right, though I was clueless to say what.

Back in New York, I shared the experience with a commercial real estate broker I’d called to discuss technology. And he knew exactly what I was referencing. “Real estate,” he acknowledged, “has a heartbeat. And sometimes you hear it, even when you don’t want to.” Continue reading

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Losing Time

 I used to fantasize about the ability to save the hour we gain by turning the clocks back each fall. Now I fantasize about the ability to save the countless hours that I lose to technology. Continue reading

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