The Sundance Company

August 1, 2013May 20, 2013 sundancecompany business information, The Sundance Company

How Blogs Increase Sales

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.

July 23, 2013July 16, 2013 sundancecompany commercial real estate, Commercial real estate news, The Sundance Company

BOMA Survey: Office Tenants Optimistic About Future Staffing, Space Needs

A recent article from the CoStar Group shared the results of the first survey of tenant sentiments and needs by the Building Owners and Managers Association (BOMA) International since 1999. Despite the recession and changing workplace trends, the walls aren’t closing in on office space requirements just yet, according BOMA.

BOMA found that, as a group, office tenants are optimistic about the future — more than 75% of respondents in the 2013 BOMA Global Office Tenant Survey plan to increase staffing levels and space requirements, or at least retain their current employee headcounts and office footprints.

“Clearly, tenant space configurations are different – they need to be friendly and collaborative, with such features such as a work bench, a fun room or multimedia room – but the need for more office space is not going away,” noted John Combs, principal of RiverRock Real Estate Group, a West Coast-based CRE management and leasing firm providing property management for industrial, office and retail assets.

“[Requirements] can’t shrink too much more,” added Combs. “Those companies that are leasing are taking the same or more space. It’s reconfigured and it’s denser, but many people are hiring.”

Atlanta-based Kingsley Associates conducted the survey of nearly 1,300 office tenants between March and April, revisiting attitudes, priorities and needs of office tenants for the first time since a January 1999 report by BOMA and the Urban Land Institute (ULI).

Kingsley vice president Phil Mobley gave an overview of the “What Office Tenants Want: 2013 BOMA Global Office Tenant Survey” at this week’s Every Building Conference and Expo before several thousand attendees at the San Diego Convention Center.

Michael Prabhu, managing director Jones Lang LaSalle’s property management portfolio in Southern California, Arizona and Nevada, also noted that the outlook among building owners was positive, with improving economic conditions and fundamentals trending in their assets trickling down to the property management level and interactions with tenants.

“We feel the corner has been turned and the economy is moving along, albeit slowly, but in the right direction,” Prabhu said. “Tenants in our buildings are feeling more comfortable and confident, which is driving some of their space utilization decision making. It’s a more optimistic environment.”

As expected, the survey results reflect the major changes in office tenant priorities since then.

In 1999, barely half of respondents to the previous BOMA survey were located in assets with “intelligent building” features and systems almost taken for granted today such as HVAC, fiber optics, cabling for Internet and high-speed networks, and LAN/WAN connectivity, and strategies such as coworking, hot desking and hoteling were mostly outside the office workplace mainstream a decade and a half ago.

While the updated survey found no universal “next big thing” comparable to the rapid changes in technology and alternative workplace strategies that swept building management in the 2000s, Mobley said the latest study showed that three of the top five factors influencing overall tenant satisfaction are service-related.

One relatively easy way to add value to a building is the addition of health and hygiene amenities such as anti-bacterial dispensers.

“Such amenities are comparatively rare in buildings occupied by survey respondents, but they are rated highly when present,” Mobley said.

The full results of the BOMA study will be released next month, including data on tenant attitudes about sustainable building programs and features space usage and telecommuting trends.

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.

July 17, 2013May 20, 2013 sundancecompany The Sundance Company

How Corporate Logos Have Evolved

July 10, 2013May 13, 2013 sundancecompany The Sundance Company

Daily Habits That Will Make You Happier

An article from Inc.com discusses how minor changes in your daily routine can make a major difference in your life an career.

Happiness is the only true measure of personal success. Making other people happy is the highest expression of success, but it’s almost impossible to make others happy if you’re not happy yourself. With that in mind, here are nine small changes that you can make to your daily routine that, if you’re like most people, will immediately increase the amount of happiness in your life:

1. Start each day with expectation. If there’s any big truth about life, it’s that it usually lives up to (or down to) your expectations. Therefore, when you rise from bed, make your first thought: “something wonderful is going to happen today.” Guess what? You’re probably right.

2. Take time to plan and prioritize. The most common source of stress is the perception that you’ve got too much work to do. Rather than obsess about it, pick one thing that, if you get it done today, will move you closer to your highest goal and purpose in life. Then do that first.

3. Give a gift to everyone you meet. I’m not talking about a formal, wrapped-up present. Your gift can be your smile, a word of thanks or encouragement, a gesture of politeness, even a friendly nod. And never pass beggars without leaving them something. Peace of mind is worth the spare change.

4. Deflect partisan conversations. Arguments about politics and religion never have a “right” answer but they definitely get people all riled up over things they can’t control. When such topics surface, bow out by saying something like: “Thinking about that stuff makes my head hurt.”

5. Assume people have good intentions. Since you can’t read minds, you don’t really know the “why” behind the “what” that people do. Imputing evil motives to other people’s weird behaviors adds extra misery to life, while assuming good intentions leaves you open to reconciliation.

6. Eat high quality food slowly. Sometimes we can’t avoid scarfing something quick to keep us up and running. Even so, at least once a day try to eat something really delicious, like a small chunk of fine cheese or an imported chocolate. Focus on it; taste it; savor it.

7. Let go of your results. The big enemy of happiness is worry, which comes from focusing on events that are outside your control. Once you’ve taken action, there’s usually nothing more you can do. Focus on the job at hand rather than some weird fantasy of what might happen.

8. Turn off “background” TV. Many households leave their TVs on as “background noise” while they’re doing other things. The entire point of broadcast TV is to make you dissatisfied with your life so that you’ll buy more stuff. Why subliminally program yourself to be a mindless consumer?

9. End each day with gratitude. Just before you go to bed, write down at least one wonderful thing that happened. It might be something as small as a making a child laugh or something as huge as a million dollar deal. Whatever it is, be grateful for that day because it will never come again.

July 2, 2013June 17, 2013 sundancecompany The Sundance Company

Your Guide to 4th of July Fireworks

June 26, 2013May 8, 2013 sundancecompany Boise Commercial Real Estate, Boise Commercial Real Estate Development, The Sundance Company, Uncategorized

Goldstone Center: Boise Valley Commercial Real Estate for Lease

pastedGraphic.pdf

Goldstone Center
2086 S. Eagle Road
Meridian, Idaho 83642

The 38,764 square-foot Class A Meridian, Idaho structure is part of the Silverstone Corporate Center, which is a 90-acre master planned employment center centrally located in the Boise Valley. Situated 1/2 mile from Interstate 84 at the Eagle Interchange, Silverstone Corporae Center features more than 1 million square feet of tenant amenities within minutes of the center including lodging, day care facilities, a fitness center, and a variety of restaurants.

Goldstone Center provides office condos available for lease and/or purchase and tenants have individual exterior entrances to their suites as well as high visibilty. There also is extensive perimeter and site landscaping, distinctive entry portals at signaled intersections on Eagle Road as well as on Overland Road, and consistent architecture throughout the park. Other highlights include:
Zoning: CC
Year Built: 2001
Number of Floors: One
Parking: 5/1,000 usable square feet
Ceiling: Lay-in acoustic ceiling panels in 2’x4’ T-bar ceiling grid with indirect and recessed lighting
Ceiling Height: 10 feet in office areas
Restrooms: Shared or private tenant restrooms throughout
Miscellaneous: The building has stone veneer wainscot with bronze window frames and bronze tinted glass. Also, all Sundance tenants have proportionate use of the Silverstone Amenity Center at no additional cost

More information available about Goldstone Center at www.sundanceco.com or LoopNet.

June 19, 2013April 24, 2013 sundancecompany The Sundance Company

Satellites Orbiting Earth

This is a great infographic – Big Brothers: Satellites Orbiting Earth – as it shows which countries own all of the space junk currently orbiting Earth (functional, dysfunctional and floating debris). We apparently have Saturn-envy as we attempt to create rings around our planet. You’ve got to feel bad for countries like Chile, who used to have a single working satellite in orbit, but the warranty ran out and it doesn’t function anymore.

June 12, 2013May 20, 2013 sundancecompany business information, office productivity, office space tips, The Sundance Company

8 Things Really Successful People Do

An article from Inc. discusses eight things the most successful people are meticulous about getting right. Most people claim to want success. But not everyone is willing to do the hard work and the smart work to get there. Often opportunities present themselves and because people are distracted, they miss them or give up on them before things fully develop.

Truly successful people don’t leave much to chance. They are disciplined and focused. They constantly seek new methods to achieve more, in bigger and faster ways. Listed below are eight different practices that will help you concentrate your efforts on rising above the tide.

1. Make Materialism Irrelevant: Fancy cars and houses are all well and good, but many foolishly focus on the byproducts of success, rather than concentrating on building sustainable success in the first place. Establish a bare minimum for your material needs, and then you can enjoy the benefits of success, debt and stress free.

2. Enhance Knowledge: Success comes faster to those who are open, active learners. The higher up the success ladder you climb, the more complex the systems and opportunities that are presented to you. Absorb all the information you can and if you sense a gap you can’t fill, connect with people who have the knowledge you need.

3. Manage Relationship Expectations: People in your life require time. Successful individuals attract folk and so they have to carefully regulate the time they can spend with others. It’s hard to limit the time you share and still make people feel important. Make choices about the people who matter to you and determine how you each can get value from your interactions. Then make sure they understand your limitations so they don’t take it personally when you can’t be present.

4. Practice Emotional Self-Awareness: Not all successful people are calm and nice. In fact, many can be volatile. But most are very aware of their tempers and idiosyncrasies. They know how to use their emotions to get what they want from life and work hard to make sure feelings don’t become a detriment. Know yourself and learn how to let your emotions work for you in positive ways.

5. Commit to a Physical Ideal: Everyone has a vision of their own perfect body. They don’t have to be fashion models or athletes to be happy. But physical health is a consideration in their life and it’s a big distraction when it gets out of whack. Determine the body you believe is worth working for and set a game plan to achieve and maintain it.

6. Gain Clarity About Spirituality: There are many highly successful people like Richard Branson and Warren Buffett who don’t consider religion to be important or relevant. But they have a clear point of view as to the role spirituality plays in their life. Find your own way to be at one with the universe and be clear and deliberate in how you practice.

7. Adhere to a Code of Ethics: Really successful people live by rules. They may not be the rules of others, but consistency is important for them to maintain power and stability. Their individual view of how the world works is the basis for how they believe people should be treated and they will defend it until their dying day. Determine your ethical lines and broadcast them loud and clear so people around you know where you stand.

8. Focus on Time Efficiency: Prioritization is a key component of success. You can’t reach your pinnacle if you are wasting time on distractions. Integration of activities frees up time for greater achievement. Spend your time on activities that are fun, enlightening and productive and soon you’ll have gained hours to reap the benefits of success.

Ultimately, really successful people live their lives by design instead of default, so if you want to be one of them, dedicate time and effort to determining the plan for your preferred future and execute that plan in a focused and consistent manner.

June 5, 2013April 16, 2013 sundancecompany Boise Commercial Real Estate, Boise Commercial Real Estate Development, Boise Industrial Space, Boise Office Space, Boise Property Management, Boise Retail Space, boise valley commercial real estate, silverstone business campus, Silverstone Corporate Center, The Sundance Company

Cedar Point: Boise Valley Commercial Real Estate for Lease

Cedar Point
2078 S. Silverstone Way
Meridian, Idaho 83642

The 47,058 square-foot Class A Meridian, Idaho structure is part of the Silverstone Corporate Center, which is a 90-acre master planned employment center centrally located in the Boise Valley. Situated 1/2 mile from Interstate 84 at the Eagle Interchange, there are more than 1 million square feet of tenant amenities within minutes of the center including lodging, day care facilities, a fitness center, and a variety of restaurants. Cedar Point tenants will have individual exterior entrances to their suites. There also is extensive perimeter and site landscaping, distinctive entry portals at signaled intersections on Eagle Road as well as on Overland Road, and consistent architecture throughout the park. Cedar Point amenties also include a generous $40/SF TI allowance on first generation space and a full service lease that excludes tenant janitorial. Other highlights include:

Zoning: CC
Year Built: 2003
Number of Floors: One
Parking: 5/1,000 usable square feet
Ceiling: Lay-in acoustic ceiling panels in 2’x4’ T-bar ceiling grid with indirect
and recessed lighting
Ceiling Height: 10 feet in office areas
Restrooms: Shared or private tenant restrooms throughout
Miscellaneous: Tenants have individual exterior entrances to their suites. There is extensive perimeter and site landscaping; distinctive entry portals at signaled intersections on Eagle Road as well.

More information available about Cedar Point at www.sundanceco.com or LoopNet.

May 22, 2013May 20, 2013 sundancecompany business information, commercial real estate, Commercial real estate news, The Sundance Company

Commercial Real Estate Professionals Embrace New Technology

An NREI article discusses how technology can be a huge boon to busy commercial real estate professionals in creating efficiencies and delivering faster and better services to clients. Yet for many the challenge is sifting through the deluge of new tools without getting caught up in a race to have the shiniest new toys regardless of whether they help you do a better job.

Commercial real estate professionals are gravitating to technologies that can assist with key functions such as file sharing, client relationship management, analysis and marketing. “What we hope to use technology for is that we can provide better services for our clients, not just for the purpose of deploying technology,” says Mike Kamm, president of Cassidy Turley in San Francisco.

For example, Cassidy Turley is in the process of implementing a new customer relationship management (CRM) solution that it calls “eClient.” The solution will allow professionals to track their individual client relationships and provide a broader look at who others in the firm are working with. “That is going to be a major improvement in our productivity, and also allow us to provide better client services in a more coordinated fashion,” says Kamm.

For small and mid-size firms, technology has the added perk of helping level the playing field when they compete head-to-head with larger firms. “Our view on technology is that it is only going to make us more efficient in the long run and we are trying to embrace it as best we can,” says Scott Burns, president of Wilson Commercial Real Estate in Los Angeles

Wilson Commercial has 75 shopping centers in its portfolio. “We get calls all week long from people wanting to get in and tour the space,” says Burns. Often, people want instant access to the properties. So Wilson Commercial has posted YouTube videos that provide virtual, 360 degree tours of its spaces. The firm still wants to bring prospective tenants to the physical space, but giving them a sneak peek eliminates some “tire kickers” that just want to check spaces out with no serious interest in signing a deal, adds Burns.

A quick virtual tour can also help tenants form detailed questions about a particular space or shopping center. It is not going to replace the physical walking and touring of the space in any way, but providing that video snapshot of a space on demand to prospective tenants is becoming part of the marketing tenants are expecting, notes Burns.

The next stage videos is 3D models, such as those created with the Floored app. The tech firm scans spaces with 3D cameras, refines the data and produces models that are available online to be shared with prospective tenants.

Proliferation of CRE apps

There is an app for just about everything these days, and commercial real estate tasks are no exception. Commercial real estate professionals are utilizing apps that assist with everything, from converting voicemails to text messages to providing immediate access to research reports and property listing services and databases. Apps for property information sites such as CoStarGo and LoopNet Mobile are increasingly popular.

Such technologies can help commercial real estate professionals in the field save time when scouting for investment sales or leasing opportunities. In the past, when they saw an interesting property and wanted to research ownership, they had to phone the title insurance company and ask for information. Now there are apps that provide that same info on demand.

For example, Fidelity Title has an app called Commercial Pro 24-7 that allows users to touch the image of a property on an aerial map and receive title insurance information on terms of ownership, parcel maps and other recording documents.

In the past, it was a challenge to track down ownership information behind properties held by an LLC or other private entity. Now commercial real estate professionals can use apps such as ProspectNow Mobile to find the names of owners behind those companies by conducting a search with a building address or contact phone number. ProspectNow is an online database that claims access to a commercial real estate database of 6 million building owners and 30 million tenants, including phone numbers, mailing addresses and building details.

The process of finding ownership information can now take a commercial real estate professionals four to five minutes compared to several hours of deep digging. “It makes us much more efficient and lets us leverage technology and apps that literally save us hours of our time,” says Burns. “Where we used to research things manually, we can now click a few buttons, wait 10 seconds, and the information pops up.

Challenges of dealing with technology

Implementing new technologies is not without its challenges. Certainly, making sure you are deploying the right software and technology for what you really want to do takes a lot of vetting. “Obviously, technology is very expensive, and you don’t want to have to redeploy new platforms any more often that you have to,” says Kamm. Technology also is changing very quickly, which makes it more difficult to stay abreast of the latest and greatest tools.

Getting commercial real estate professionals and staff trained and using the technology effectively is another challenge. “You can buy and deploy a lot of software, but if people aren’t using it properly then it is not going to generate the kind of returns that we all want,” says Kamm. Even once people go through the training, there is no guarantee that they will actually use it, he adds.