MSCRE Group - KW DFW Commercial Real Estate

11/08/2024

📌 𝟏𝟎 lessons from the book 𝐑𝐮𝐥𝐞𝐬 𝐎𝐟 𝐖𝐨𝐫𝐤

1. Walk Your Talk
Whenever you say something, live by it. Let people know you as a person who does what he says he will do. Always walk your talk.

2. Have A Plan
No matter whats going on, always have a plan in life. Plan for the year. Plan for the next 2 years. Plan for the next 5 years. And plan for the next 20 years. Have a plan.

3. Carve A Niche For Yourself
Create a unique identity with what you do. Make sure you are known for doing something unique. Don’t get involved in what everyone is doing. Do something special.

4. Learn From Others Mistakes
A clever man learns from his own mistakes, but a wise man learns from others’ mistakes. Learn from the mistakes of others. Study how others made errors and commit to avoiding them.

5. Develop The Right Attitude
Be optimistic. Be positive. Share positivity with your colleagues, your friends and your acquaintance. The right attitude will attract you the right people to your life.

6. Cultivate a Smile
Smile when it’s getting tough. Smile when it’s hell. Smile no matter what.
And what sort of smile? Friendly, genuine—make sure it extends to your eyes—sincere, frank, honest, open, happy.

8. Be Cool
At work you should retain your cool at all times and, no matter what, never ever lose your dignity. If there’s an office costume party, you can laugh and joke with everyone else, but let them do the dressing up. You remain apart from all that office nonsense.

8. Speak Well
You can keep your regional accent; that’s not the problem. Look at why we speak—it is to communicate, to convey information—rather than how we speak. Speaking well means getting information across clearly and effectively. It doesn’t matter how you speak, but it does matter that you speak clearly

9. Stay Focused On Your Long Term Goals
You can’t afford to lose sight of your long-term goal for a second. For you there is no time off, no downtime, no loung-ing around time, no slipups, no mistakes, no accidental deviations from the script.

You have to become like a master criminal—they lead incredibly law-abiding lives because they can’t risk breaking a tiny law in case it draws attention to themselves and the really big crimes get revealed—and watch what you say and what you do.

10. Know Yourself—Strengths and Weaknesses
If you are going to be a winner, you have to be incredibly objective about yourself. A lot of people can’t do this; they can’t turn the spotlight on themselves objectively enough or brightly enough to see themselves as others see them. And it’s not just how others see us; it’s also how we see ourselves.

05/22/2024

https://www.instagram.com/reel/C5GVzDYSEN0/?igsh=Y2h2OGEyenJxZ3N0

05/18/2024

Just like any other type of commercial real estate loan, CMBS loans have their fair share of pros and cons. However, it’s important to understand that CMBS financing occupies an incredibly useful niche in the industry— providing a reliable source of low interest rate financing to borrowers who otherwise might not qualify.

Just like any other type of commercial real estate loan, CMBS loans have their fair share of pros and cons. However, it’s important to understand that CMBS financing occupies an incredibly useful niche in the industry— providing a reliable source of low interest rate financing to borrowers who o...

05/16/2024

https://www.dallasnews.com/business/retail/2024/05/14/the-container-store-struggling-may-be-sold-as-it-receives-nyse-delisting-notice/?outputType=amp

The Coppell-based chain of 102 stores has been cutting costs and expanding into general merchandise.

04/11/2024

Changing time could be interesting time, and you might be able to find once in a lifetime opportunityties!

03/23/2024

The settlement agreement also mandates two key changes to the way members and MLS participants do business.

NAR agreed to create a new MLS rule prohibiting offers of compensation on the MLS. This would mean that offers of compensation could not be communicated via an MLS, but they could continue to be an option consumers could pursue off-MLS through negotiation and consultation with real estate professionals.
NAR also agreed to create a new rule requiring MLS participants working with buyers to enter into written representation agreements with their buyers before the buyer tours a home. NAR has long encouraged its members to use written agreements to help consumers understand exactly what services and value they provide, and for how much.

https://www.nar.realtor/magazine/real-estate-news/law-and-ethics/the-truth-about-the-nar-settlement-agreement #:~:text=The%20proposed%20settlement%3A,was%20%242%20billion%20or%20below.

Misinformation has been pervasive in the media over real estate commissions. Here are the facts you should know.

01/03/2024

“You can have everything in life you want, if you will just help other people get what they want.”

Zig ziglar

12/28/2023

Do you see an opportunity or a threat in this trend?

“The average store size in the U.S. is the smallest it's been in at least 17 years, reflecting profound changes in the way Americans now shop. The rise in e-commerce and a growing distaste for giant emporiums are softening demand for department stores and other big-box space.”

There are entrepreneurs who would buy vacant big box properties and they cut them into smaller suites. Then, they lease them at higher price per SF.

https://www.wsj.com/real-estate/commercial/the-american-store-is-shrinking-7603e979 #

Evolving shopping habits and the rise in e-commerce are softening demand for department stores and other big-box space.

11/22/2023

Dallas-Fort Worth Retail Market Report

Employment and demographic trends create an inviting climate. While net absorption cooled to 745,000 square feet during the first half of 2023, the 12.1 million square feet of newly-occupied space across the prior two years is more indicative of Dallas-Fort Worth’s long-term dynamics. Tenants spanning diverse retail segments are drawn to the Metroplex’s healthy and expanding consumer base, supporting positive sentiment despite the near-term softening. As of August 2023, local employment had grown to exceed the year-end 2019 mark by 462,000 personnel. No other market in the country added even half of that amount over the same span. A larger workforce signals greater consumer purchasing power throughout Dallas-Fort Worth, and the coinciding addition of 188,000 new households since 2019 reinforces the need for expanded shopping choices. Furniture stores, in particular, have been strong space absorbers recently, as new homeowners and renters need to furnish dwellings.

Nation-Leading Job Growth Nurtures Retail Landscape, Despite Ongoing Tenant Demand Slide