DFWspeaks Podcast

Day 111 in 2020 

DFWspeaks focus on guest interviews 

Economy opening back up in stages 

Aid package to fund PPP in the works 

Commercial office building bought in Dallas, Texas 

 

How do you double the size of your business in two months?  Nadim Ahmed followed a proven path to success in business.  Be passionate. Be patient. Be different.   

Are you feeling risky?  He walked away from a paycheck, put all his savings into a business he believed in and all while his wife was pregnant.  His story is one of passion, patience and being different.

What is Venture X?

Who owns Venture X Dallas by the Galleria?

Commercial real estate issues between property owners landlords and business owners we're all stuck in the same crisis.  I see both sides of this situation but there are certain things that should be done in times like this.    McKinney, Texas city council considering action to help businesses being locked out or evicted.       

DFWspeaks sits down with Eric Chaney of Ecoluxe 

Ecoluxe - Surface cleanup via power washing and sealing  in McKinney, Texas

• Pressure Washing
• Soft Washing - Chemical Wash - EPA Approved
• Epoxy Flooring
• Black Mold Removal

Phone: (972) 439-0137 / 855-432-6589

Email: [email protected]

Social: 

https://www.linkedin.com/in/eric-chaney-58ab88173/

https://www.facebook.com/ecoluxetexas/

 

Real Estate Investment Trust Types 

1. Retail REIT  
2. Residential REIT 
3. Healthcare REIT 
4. Office REIT  
5. Mortgage REIT

DFW banks hand out 1.57 b in SBA 7a loans 

Apple making face shields / sourced 20 million masks from suppliers/looks to ship 1 million this week

Telsa posted to its youtube channel - prototype ventilator with auto parts https://www.youtube.com/watch?v=zZbDg24dfN

Internet might break? Tech Crunch reporting download speeds in some markets being affected / NY dropped 24% / Austin 44% - 88 out of the top 200 US cities have seen internet speeds decline

 

 

Do your habits/routines define you or do you define your habits?

Charle Duhigg, - Pulitzer prize-winning, Author and journalist:  Author of The Power of Habit: Why We Do What We Do in Life and Business: https://charlesduhigg.com/ 

He was interviewed by the Harvard Business Review by Justin Fox. https://hbr.org/2012/06/habits-why-we-do-what-we-do

• "...40-45% of what we do everyday sort of feels like a decision but it's actually a habit 
• "…a huge amount of whether a company succeeds or fails is based on….the habits that emerge within the organization."
• The habit has 3 components
• • A cue - trigger
  • A routine - habit itself
  • A reward - how our neurology learns to encode this pattern for the future

Experts in Space: Another expert in the space, Jame Clear - author of Atomic Habits, says " If you have good habits, then time is suddenly your ally, and you're accumulating these little improvements each day. And if you have bad habits, time becomes your enemy, and with each day that passes, you put yourself a little deeper in a hole"

Are most of your habits in business good or bad? 

If your habits don't line up with your dream, then you need to either change your habits or change your dream - John C Maxwell (Author - The 21 Irrefutable Laws of Leadership) https://en.wikipedia.org/wiki/John_C._Maxwell

https://en.wikipedia.org/wiki/The_21_Irrefutable_Laws_of_Leadership

"Energy and persistence conquer all things." - Benjamin Franklin - https://en.wikipedia.org/wiki/Benjamin_Franklin

With times the way they are, I wanted to take today to tell some great stories of positivity.  

https://www.boredpanda.com/coronavirus-wholesome-quarantine-good-news/utm_source=facebook&utm_medium=social&utm_campaign=BPFacebook

1. Suzanne Hoylaerts - Age 90 died of COVID 19 - she refused the respirator "Save it for the youngest (who needs it), I have already had a beautiful life!
2. 85-year-old Italian Doctor, Giampiero Giron, who came out of retirement to help with epidemic " They asked me for my availability and I said yes. When you decide to be a doctor in life, you get involved. I swore an oath. Afraid of getting sick? Them it is better to not be a doctor."
3. Khaled Beydoun, An Arab immigrant who lives in Italy and owns a fruit market is giving away fruit for free. His sign reads " You welcomed me into your country for 10 years. Today I return my favor to you"
4. Robin Steveson, the refugee family she took in in 2016, brought bags of food to her porch
5. Paul Bradshaw knocked on his tenant's door and told him he could stay rent-free for 5 months b/c he is self-employed with 4 kids….if you can, do more, do something
6. Richard Baily, This is me with my mum, she has survived Hitler, open-heart surgery, 2 knee replacements, 2 hips…she fractured her hip, 2 ribs, and her spine.  Last week she was diagnosed with COVID 19 and spent a week in intensive care she is 86….Today she has been given the all-clear

Chris Austin - Helmet ventilator device- being used in Italy / VA / John Hopkins - an amazing story of hope / he will give the design away for free. https://www.nbcnews.com/news/us-news/texas-mom-pop-business-flooded-orders-helmet-ventilators-amid-coronavirus-n1173466

 

2020 Commercial Real Estate Market Report for Retail

How much retail construction was there in 2020 in Dallas-Fort Worth, Texas?

http://www.cbre.us/real-estate-services/real-estate-industries/retail-services/development-services

How much retail was absorbed by the market?

https://www.realcrowd.com/blog/2013/02/commercial-real-estate-terms/

What was the average cap rate in 2020 for retail?

https://en.wikipedia.org/wiki/Capitalization_rate

Leasing - How much space was leased out in 2020 retail sector in Dallas-Fort Worth, Texas?

Rent - What was the average price per square feet in the DFW metroplex?

Construction- Did construction keep up with the demand for retail space in 2020?

Sales - What were the total sales in retail commercial real estate in Dallas during 2020?

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Listen Live: https://www.DFWspeaks.com - Daily trends, topics around business, sales and Dallas-Fort Worth, Texas and what's trending today and how it relates to entrepreneurs, business owners and commercial real estate in McKinney, Frisco and Plano, Texas.

Entrepreneurship & Commercial Real Estate  in Dallas-Fort Worth, Texas

McKinney Mayor George Fuller's family member tests positive.  This delays the shelter in place hearing McKinney was going to have Monday, involving real estate agent Derek Baker who sued to have shelter in place removed https://www.mckinneytexas.org/

OpenTable app getting into the grocery business, letting people reserve a time to shop at grocery stores, The app is free to groceries and other retailers https://www.opentable.com/m/mobile-apps/

Ford motor company making ventilators.

Starting in April, we're producing a ventilator with @GEHealthcare, leveraging the design of @AironCorp's FDA-cleared ventilator. It's designed to operate on air pressure without electricity, making it a versatile solution to help those fighting #COVID19. #BuiltFordProud pic.twitter.com/DtsB0fPGe0

— Ford Motor Company (@Ford) March 30, 2020

Masks / medical supplies - Gap tweeted that:

Gap Inc. @GapInc

An update on our #COVID19 response: Our teams are connecting some of the largest hospital networks in Calif. w/ our vendors to deliver PPE supplies while we pivot resources so factory partners can make masks, gowns & scrubs for healthcare workers on the front lines.

What is going on with commercial real estate today in Dallas, Texas? https://www.costar.com/

2020 Commercial Real Estate market report for retail today 

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