The Most Commonly Misunderstood Lyrics In Music

The Stability of Commercial Real Estate

When the U.S. housing market boomed and busted in the past decade, commercial real estate was comparatively placid. Prices were more stable, there was little overbuilding, and bankruptcies never soared. The question is why. A research paper attributes the stability of commercial real estate at least in part to the “civilizing influence” of real estate investment trusts, which are a bigger presence in the market than they are in housing.

“REITs played a central role” in discouraging speculation in commercial real estate of the kind that led to doom in housing, write the authors. “Commercial markets stayed in balance throughout the biggest real estate bubble in the United States since the 1920s.”

The study, which appeared in the Journal of Portfolio Management, is by Frank Packer, head of economics and financial markets for the Bank for International Settlements in Hong Kong; Timothy Riddiough, a real estate professor at the University of Wisconsin Business School; and Jimmy Shek, a BIS statistical analyst. The article appeared in the journal last year but hasn’t received much attention outside REIT circles.

The authors’ hypothesis is that REITs increase the transparency of the real estate market, allowing investors to spot overvaluation or undervaluation quickly. If a big construction project is announced in, say, Los Angeles, and REIT prices fall, that’s a signal to other builders and lenders that L.A. could be getting overbuilt. It helps that REITs are ongoing concerns that have a strong incentive to be perceived as reliable because “management reputation and consistency over time are critical to continued affordable access to capital markets.”

The proof of the hypothesis, the researchers say, is that overshoots and undershoots of construction in the U.S. office building market were more moderate at times when REITs had a bigger market share. They presume that the rest of the market pays more attention to the REITs at times when their market share is bigger. To zero in on the impact of REITs’ market share, they held constant two other factors that might affect office building construction, namely the prices of buildings and the cost of construction. Similar effects were found in other commercial real estate sectors in the U.S., as well as with office buildings in Japan.

That’s not a perfect demonstration because other, unseen factors could have affected the construction of office buildings over time that the researchers didn’t measure. The authors acknowledge that markets have also moderated in European and Asian countries that don’t have well-developed REIT markets. The case would have been stronger if the researchers had shown big differences in metro areas, based on their relative REIT penetration, but Riddiough tells me that “getting that level of detail was problematic for us.” Says Riddiough: “We’re the first ones who have done something like this. That said, there’s better ways to do it.”

The chart at the top of this article shows prices, not construction volumes, for single-family homes and office properties. The scale is set so that each index has a value of 100 at its lowest point after the financial crisis.

Riddiough is a member of the investment advisory council of the National Association of Real Estate Investment Trusts, but he says that his research was conducted independently and none of the researchers received support from the REIT industry. “They knew nothing about this research until I finished the paper.”

No surprise, though, that NAREIT likes the results. “The Riddiough, Packer, Shek study makes it clear that REITs provide real benefits for the broader commercial real estate industry, for investors and for our nation’s economy,” NAREIT Chair Ronald Havner Jr., who is chairman, president and chief executive officer of Public Storage, wrote in REIT Magazine earlier this year.

The story was originally published on BusinessWeek.

About The Sundance Company
Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs throughout the Boise Valley. If your requirements include property management, leasing, real estate development, project planning, construction or space planning then look to us. The Sundance Company has more than 1.5 million square feet of office and industrial space available in prime locations in the Boise metropolitan area. More information is available at www.sundanceco.com or 208.322.7300.

 

Real Estate Peace of Mind with The Sundance Company

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Why do business owners and investors look to The Sundance Company? Because finding the right office, retail or industrial space can be a daunting task that requires a lot of time and resources. With leases running five to 10 years, it’s often a process that few within a company have experienced. For a business that signs on for the wrong space, it will also be a problem it must live with for years to come.

The Sundance Company is here to help you and your business accelerate your success in a new Boise Valley office, retail, or industrial space by taking advantage of our in-depth expertise, shared sense of initiative, and unparalleled ability to collaborate and deliver.

Our approach at The Sundance Company seeks a complete understanding of the market dynamics and demographics to help ensure your company has a bright and robust future. Having a commercial real estate expert like The Sundance Company on your side will make a big impact on your bottom line, and the professional and knowledgeable staff will help deliver the best client experience so that you can find the right Boise Valley commercial real estate space for your business.

The Sundance Company specializes in the Boise Valley market and can help you find the ideal location for your business. Since 1976, The Sundance Company has worked on commercial real estate matters every day of the week all year long, which allows you the time to focus on the demands of your company. The Sundance Company can provide you with more choices than you would otherwise uncover on your own, and that will provide you with significant value to the transaction saving you time, effort, and money.

About The Sundance Company
Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs throughout the Boise Valley. If your requirements include property management, leasing, real estate development, project planning, construction or space planning then look to us. The Sundance Company has more than 1.5 million square feet of office and industrial space available in prime locations in the Boise metropolitan area. More information is available at www.sundanceco.com or 208.322.7300.

Color, Value & Evolution of Logos

 

About The Sundance Company
Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs throughout the Boise Valley. If your requirements include property management, leasing, real estate development, project planning, construction or space planning then look to us. The Sundance Company has more than 1.5 million square feet of office and industrial space available in prime locations in the Boise metropolitan area. More information is available at www.sundanceco.com or 208.322.7300.

How To Find Focus In The Office

In its simplest sense, mindfulness means balancing the intense pace of life with being fully present in the moment, which many can agree is easier said than done – especially in the office. Employees in North America, for instance, lose 86 minutes per day due to a variety of interruptions in the workplace, and according to a recent study from Steelcase, only 58 percent of workers reported being able to work in teams without being disturbed.

Life is full of distractions, but workers nowadays are still expected to be “always on,” an ironic metaphor given the proliferation of technology in recent years.

Mental fatigue occurs when we’re often at our busiest, and so at Steelcase we’re asking ourselves, how do we design workplaces that offer workers opportunity for moments of rest, rejuvenation or deep focus free from distractions.

My team has recently completed a comprehensive study on wellbeing at work, and found mindfulness to be one of six dimensions of well-being that the workplace can help improve.

As part of our study, researchers identified and developed design concepts that companies can incorporate into their workplace to help encourage mindfulness by enhancing employees’ ability to concentrate and make thoughtful choices amid distractions and disturbances:

  • Offer spaces where people can seek solitude and respite, or connect with others without distractions or interference.
  • Design areas that allow workers to control the amount of sensory stimulation they are exposed to and enable them to amp it up or ratchet it down.
  • Create spaces that help people stay focused as they interact with others one-on-one and eye-to-eye.
  • Offer places that are restorative and calming, which can be achieved through materials, textures, colors, lighting and views.

Take a look around your own office – how many of these principles ring true of the design and environment in your workspace? This issue isn’t distinct to employees alone. It is a bottom-line issue that can potentially affect the entire organization.

Thirty-six percent of a person’s time is spent working. By creating spaces that help people reconnect with what makes their work fulfilling, employers can help ensure that 100% of that worker’s time is helping to build a better work product and a stronger bottom line.

The story was originally published on Steelcase.

About The Sundance Company
Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs throughout the Boise Valley. If your requirements include property management, leasing, real estate development, project planning, construction or space planning then look to us. The Sundance Company has more than 1.5 million square feet of office and industrial space available in prime locations in the Boise metropolitan area. More information is available at www.sundanceco.com or 208.322.7300.

 

Staying Connected No Matter Where You’re Headed

In an increasingly mobile world, it’s now possible to stay connected and work from just about anywhere. For many of today’s workers, this means checking into the office during summer vacation. If you’re planning to get some work done on your getaway this year, you’ll need the right tools to do it. Here’s a list of tech gadgets to help you work remotely, no matter where you’re headed.

NuForce Cube
Got a conference call? Don’t worry about not being able to hear your colleagues over the crashing waves in the background. When you plug your headphones into this portable audio station, it bypasses your mobile device’s onboard digital-to-analog converter (DAC) for improved sound quality. It can also serve as a high-performance speaker.

OGIO Covert Shoulder Bag
This slim laptop bag is ideal for air travel. The main, padded compartment keeps your laptop protected and easily accessible, while the secondary compartment is perfect for your chargers, smartphone and other everyday accessories. And don’t worry about damaging this bag at the pool; its water-resistant coating guards against splashes.

Penclic Bluetooth Mouse
No laptop mouse? No problem. Instead of plugging into your computer’s USB port, this Bluetooth-enabled mouse looks, feels and acts like a pen, which allows for faster, more precise navigation. The device features five buttons, a scroll wheel and a laser sensor that operates on almost any surface — without a track pad. With this tool’s two-month battery life, you won’t have to worry about recharging the mouse during your trip.

Booqpad for iPad Air
If you’re constantly searching for paper to jot down memos and thoughts while you’re working, this is the tablet case for you. Made by Booq, it’s a combination iPad Air case, folio and notepad that comes stocked with 50 sheets of eco-friendly paper to make sure you’re always ready to write. The screen protector offers 360-degree protection for your iPad.

Kinivo ZX100 Mini Portable Speakers
Want to listen to some tunes while you work? With these rechargeable mini speakers, you can plug the built-in audio cable right into your phone or laptop for high-quality, 360-degree sound. The speakers’ internal battery lasts for up to 6 hours, so you can spend the day on the beach with them.

Griffin PowerDock 5
Many of today’s workers have multiple mobile devices, and it can be difficult to keep track of all the associated chargers. The PowerDock can store and charge up to five iOS devices simultaneously, with each cable tucked away inside the charging station. You can even keep your iPad right in its case while it charges.

Neptor NP056K Portable Battery Charger
If you left your hotel room for the day and realized you forgot to charge your phone, this dual-port charger lets you power up to two devices at once, without an outlet. With its powerful, 5600mAh battery, you can charge your devices up to four times on just one Neptor charge.

Happy Plugs in-Ear Headphones
Why settle for standard white or black earbuds when you can choose from one of 13 bold colors from Happy Plugs? The built-in microphone makes these headphones ideal for conference calls on the go, while the silicon buds, which come in small, medium and large, fit comfortably in your ears as you listen to music on the plane.

Rapoo E9070 Wireless Keyboard
At just 5.6mm at its thinnest, this wireless keyboard won’t take up much room in your carry-on bag. It features a comfortable scissor-key structure and integrated shortcut controls for audio playback, volume adjustment and Web browsing. The 2.4GHz wireless frequency allows for a smooth, interference-free connection to any computer.

Satechi Smart LED Desk Lamp
It may not be the most convenient product to take on a flight with you, but if your vacation is within driving distance, bring along this LED desk lamp. The flexible pivots ensure that the lamp fits into any desk space, and the timer function helps avoid unnecessary energy use. In addition to consuming less power than incandescent and florescent lamps, Satechi’s lamp also has a USB port to charge your mobile devices.

The story was originally published on Business News Daily.

About The Sundance Company
Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs throughout the Boise Valley. If your requirements include property management, leasing, real estate development, project planning, construction or space planning then look to us. The Sundance Company has more than 1.5 million square feet of office and industrial space available in prime locations in the Boise metropolitan area. More information is available at www.sundanceco.com or 208.322.7300.

 

The Social Side Of The World Cup

About The Sundance Company
Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs throughout the Boise Valley. If your requirements include property management, leasing, real estate development, project planning, construction or space planning then look to us. The Sundance Company has more than 1.5 million square feet of office and industrial space available in prime locations in the Boise metropolitan area. More information is available at www.sundanceco.com or 208.322.7300.

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