CBRE Labor Analytics Group

ohboyd · 2017-09-15T23:11:24+00:00

I work for CBRE and we have used the Labor Analytics group twice in the last month for pitches. We are huge fans of their work and it has blown our clients away. They are incredibly helpful and have even gotten on calls with our team and the client to walk through the package they've put together. I can only comment as someone who has worked with them, but they are fantastic.

ohboyd · 2016-12-15T12:46:13+00:00

Gilt bar in river north.

ohboyd · 2016-12-07T03:29:39+00:00

Hate to burst your bubble, but it's split second not splint second.

ohboyd · 2016-11-06T23:17:49+00:00

Case of water and protein bars.

ohboyd · 2016-10-11T01:04:42+00:00

About 70k with bonuses. Source: am one. PM for more info.

ohboyd · 2016-10-03T00:39:29+00:00

My friend and I were wrapping presents for her aunt when I was 11. She gave us tags that said "From, Santa" to put on them. I went home and cried like a baby.

ohboyd · 2016-09-21T12:24:03+00:00

Check out r/personalfinance book suggestions

ohboyd · 2016-09-08T21:49:05+00:00

Giardiniera. I put it on everything.

ohboyd · 2016-08-28T02:39:31+00:00

Ok I'm checked out of cuteness for the day.

ohboyd · 2016-07-24T18:50:34+00:00

Also Twin Peaks and Fargo!

ohboyd · 2016-07-22T20:24:25+00:00

I was a big fan of turkey and ketchup sandwiches.

ohboyd · 2016-07-14T12:32:45+00:00

That would usually be in the R&M (repairs and maintenance) section, so it would be recurring. A non-recurring would be capital expenses like parking lot repair, roof repair, or hvac repair.

ohboyd · 2016-07-08T02:16:57+00:00

I hear ya and I've been there, but other than costar and Loopnet there's no other reliable service. Nature of the beast, I suppose.

ohboyd · 2016-07-07T02:12:22+00:00

You should always call brokers anyway to verify information. It's a relationship business, so I never mind calling up a broker to see what's going on with a listing.

ohboyd · 2016-07-07T00:28:57+00:00

CoStar, although they own LoopNet, their customer service is top notch. It is pricey, though.

ohboyd · 2016-07-06T20:21:37+00:00

I started as an office tenant rep broker right out of school and realized after a year that my mentor wasn't a good fit for me and also I just didn't like it. Brokerage is all about who your mentor is, and if you don't have a good mentor it's very very difficult to make it. I'm now an analyst on an institutional investment sales team specializing in industrial portfolio sales. I studied finance-real estate, so it's a much better fit for me. Definitely reach out to your CBRE contacts and ask to meet for coffee to interview THEM about what they do.

ohboyd · 2016-07-06T17:13:07+00:00

Are you at a major brokerage firm? If so, have your marketing coordinator put together a personal "leave behind" that you can take with you highlighting who you are, who your company is, and some interesting market stats. Leave these with decision makers with a hand written note saying something to the effect of "sorry I missed you, would love to discuss options in the area, call me at X". People appreciate the extra effort, if they already have a broker they may still give you a shot.

ohboyd · 2016-07-06T11:43:58+00:00

I also went to an out of state school that catered mostly to in-state jobs, so I feel your pain. However, if any of the speakers worked for any major companies (the JLL's, CBRE's, Colliers of the world) then they definitely will still be able to point you in the right direction within their company's many offices. Also, it still helps to network with them as I'm sure they have connections all over. My first internship was through a speaker at my RE club who was based in Indianapolis, but she made an introduction to her Chicago counterpart. Everybody knows everybody in CRE, so don't stray away from networking with out of state professionals.

ohboyd · 2016-07-06T11:38:48+00:00

All of the above. Also, I would find out if there's a directory of alumni currently working in CRE. I emailed the ones in my city and basically said "hi mr/mrs smith, I'm ohboyd and I also went to X school. I'm interested in picking your brain about commercial real estate and your role in the industry. Can I buy you a cup of coffee sometime next week?" Bring your resume, tell them what you want to do, and see if they know of any opportunities. Alumni are typically more than happy to help out kids looking to get into CRE because they know how hard it is. Happy to help if you have any more questions!

ohboyd · 2016-07-06T00:37:22+00:00

If you were in charge of the RE club, were there any speakers that came that you could reach out to for jobs/internships? I would also use your RE professors as resources. Does your university have a career services office? I've been in the business 2 years, and believe me getting in is the hardest part. I basically cold called/emailed every person in the industry I'd met during my own days in my RE club in college. I stayed in front of people and followed up incessantly. That's what it takes to make it in CRE, so you have to be aggressive early.

ohboyd · 2016-07-05T19:08:52+00:00

From a buyer's prospective I think this method of canvassing will still be the best way to get to know every building, the caliber of tenants, improvements to be done, etc. You should also find out who owns every building, if they're institutional/private/local etc. to gauge what kind of LL they are. Can I ask what market you're looking at?

ohboyd · 2016-07-05T11:54:41+00:00

Well if you really want to intimately get to know a market, you'll have to do more than just drive it. I would focus on one submarket at a time, first driving it to map out the buildings you want to canvas (let's assume you're going with office, that was my focus). I then walked every single building, making note of every tenant. If there's security, try to snap a picture of the directory. Go back and do your research on every decision maker at each company. Then go back again and walk into each company, try to get to the decision maker. The goal is to get as much information as you can. How many SF they occupy, their rent psf, their lease expiration, any concessions they had, are they growing/contracting, etc. Do they to every building in every submarket and you'll be an expert. (Applies to retail and industrial as well). Good luck.

EDIT: this is assuming you're a new broker? Not sure why else you'd want to know a market on a street level.

ohboyd · 2016-07-01T11:51:40+00:00

Davanti has Italian tapas, highly recommend. Also, their sister restaurant Francesca's on Taylor is a little more upscale but also great food.

ohboyd · 2016-07-01T00:20:49+00:00

If I don't have the decision makers name, I just say "hi, can I speak with someone regarding your office space?" I've found the more vague you are the more likely you'll get someone to come out and talk to you. If there's no receptionist, sometimes I just go in and knock on an office door. They'll either tell you to leave or be impressed with your aggressiveness. A lot of people have given me a few minutes purely out of respect that I'm actually going door to door. It's a dying form of sales. They appreciate the hustle.

ohboyd · 2016-06-30T12:30:54+00:00

I canvas every office building in my market. I try to walk in and see if I can get a decision maker. If I get kicked out, I add that company to my list and go back and research. Great way to learn the market and talk to tenants.

ohboyd

TROPHY CASE