The Fly Through - CRE

Welcome to the first in a new series I'm launching on the The Fly Through called - "Corporate Real Estate Leaders" where I talk with people on the corporate side of the real estate equation.  These are the leaders that sit on the inside of companies, that are the key folks who guide their companies strategic real estate direction, execution, oversee expansion and contraction.   

The first Corporate Real Estate Leader I had the honor to interview has been in real estate her entire career, and has a facilitating career track - from the Target Real Estate machine to the last 9 years as a Director of Real Estate at Canadian Pacific.  Fast moving cutting edge retail to 150 year old railroad.   Needless to say, it made for great conversation.  

Kristine was a fun and great first guest for this series - and I'm thrilled to welcome her.  If you enjoy these interviews and want to hear more, please recommend this to your friends and rate The Fly Through on iTunes - it actually does help.  

Please welcome, Kristine Williams with Canadian Pacific to The Fly Through.  

Jon Commers , mountains of data and why he's not too worried (yet) about AI taking over the human side of data analytics. 

Jon is the founder and CEO of Visible City - they take various piles of the data out in the world and help make sense of it for companies in the physical and built environment.  His team helps companies make data driven decisions and is answering the 'so what' question - adding that human interpretation of data points to drive towards answers and decisions and not just another data point. 

Where the world of data is going, cutting edge trends that might make every space a usable space anytime and how data and analytics might change or support the crazy accelerated trends out there in the world. 

Show Notes and Links: 

Tulsa Remote Link - $$ to relocate to Tulsa and work remotely:  https://tulsaremote.com/  

Dror Poleg's book: Rethinking Real Estate 

Sidewalk Labs Toronto:  Toronto case with Google’s Sidewalk Labs

Jon's Contact information:  www.visible.city 

The Highland Bridge - the Ford Site Redevelopment in St Paul, MN - is 122 acres of a mixed use vision created over the last 15 years.   

The Ryan Companies made the smart move and hired Maureen Michalski, a woman with a long resume in Twin Cities development to shepherd this one thru the complexities of developing a massive site with literally dozens of stakeholders and partners. 

Maureen Michalski joined me to talk about the history and nuts and bolts of a true mixed use development - adding 3800 housing units and associated retail, parks, civic.  She gives us a Master Class in developing a massive project and gives an overview of how we got here and where we're going on the biggest redevelopment in the Twin Cities right now.

Links: 

Ryan's Site: https://www.ryancompanies.com/project/highland-bridge-ford-site-redevelopment

St Paul's Site: https://www.stpaul.gov/departments/planning-economic-development/planning/ford-sitehighland-bridge 

Investors and building owners: How will the business model of buildings evolve?   Ben Munn, JLL's leader of Flex joins me to discuss how flexibility can manifest in so many different ways in a corporate real estate portfolio for a company thru to flexibility and operating buildings as an owner and investor. 

The future of Flex isn't only co-working, but it is a piece of it so we talk about that too.   

A few links:

LINK to JLL's Report:  COVID Impact Flexible Space:  https://www.linkedin.com/smart-links/AQHq5sgxabURww   

LINK to blog post that started co-working :    http://codinginparadise.org/weblog/2005/08/coworking-community-for-developers-who.html   

LINK to NYT article in 2008 describing a new phenomenon called co-working:

https://www.nytimes.com/2008/02/20/business/businessspecial2/20cowork.html 

LINK to one of the world's largest Flexible space operators, IWG: IWG.com 

Megan joined me to discuss one of the more pressing topics we see right now in commercial real estate - the future of the workplace.  That really manifests as an exploration of the thought process: So I think I need an office; but some people are going to stay home, some days, some in the office." 

Megan links the theoretic theory of the future of workplace to the real, actual planning and work that goes into deciding what to do with your office in 2020 and beyond.  

I learned so much talking Megan, and I love her perspective from working with +300 different companies (and counting) on exactly these questions.  Her knowledge and poise makes this one of my favorite interviews.  

Notes: 

Link to SHRM Survey:   https://shrm.org/hr-today/trends-and-forecasting/research-and-surveys/Documents/FOR%20MEDIA%20SHRM%20CV19%20Return%20to%20Work%20HR%20data%20v4.pdf?_ga=2.114184387.557893980.1598820036-2017462302.1598820036

Link to Global Office Space Report June 2020: https://www.linkedin.com/smart-links/AQGLpWRz4DJssg

JLL Occupancy Benchmarking Report: https://www.linkedin.com/smart-links/AQF60b0czED3QQ 

She sees about a 10% occupancy/utilization across the companies she is working with as of September 2020:

• All about the future conversation / planning 
• Mobility Profiles by Worker (slide # 4) :  https://www.linkedin.com/smart-links/AQGLpWRz4DJssg  
• Outcomes of planning may be different, but the front end process is the same and the front end questions aren't changing.  Outcomes are around flexibility. 

Supply Chain and Logistics and the THREE big trends that JLL's head of Supply Chain and Logistics practice sees in this pandemic world. 

Rich does a great job of making a topic like supply chain and logistics into a fascinating conversation that is all the more relevant given the spotlight on our  global supply chains (empty store shelves anyone?) recently.  Rich Thompson leads the Supply Chain and Logistics Solutions group at JLL.   Rich was very early practitioner of Supply Chain Management - really as it was being defined as a practice.   I hope you find this conversation as fascinating as I did! 

Thank you all for coming, you can reach me Jessica Mogilka on LinkedIN or at www.theflythrough.com.  

Contact:

Rich Thompson, Leader of the Global Supply Chain and Logistics Solutions team.   

• [email protected] 
•  jll.com

Top 3 Trends he is seeing now:

• Risk Management
• E-Commerce acceleration
• Supply chain network redesign 

Bonus Trends:  

• Automation and AI
• Co-bots
• Regionalization

Casey Shultz, executive director of BetaMN joins me to discuss the world of Start Ups, how BETA incubates the next generation of entrepreneurs and how Casey's life has been intertwined with startup's after growing up in a small town in Alaska. 

Casey has been loud and proud about her commitment to diversity and how the start up world (including Silicon Valley) can and must do better. 

You can find Casey at BetaMN.org and you can find Jessica Mogilka on LinkedIN.  

Links to the stuff we talked about: 

BetaMN.org

gener8tor - www.gener8tor.com/

TechStars - https://www.techstars.com/ 

Lunar Start Ups - www.lunarstartups.org/

Y-Combinator - https://www.ycombinator.com/

One Desk - www.onedesk.com/ 

75F -- www.75f.io/

How to reach Casey and Beta: 

[email protected]

BetaMN pledge - https://blog.beta.mn/we-will-do-better 

Elaine Rathmusen's LinkedIN: linkedin.com/in/y-elaine-rasmussen-21b4ba3  

Casey's Favorite Restaurants (although the toddler is hampering her ability to get out much):  

• Hyacinth on Grand
• Joe's on the Park is on the list to try! 

Format switch today!  Jessica is interviewed by Peter Frosch chief executive officer of GREATER MSP  COVID related impacts on real estate in the Twin Cities and greater metro area.  

Peter can be found at: [email protected]

You can find Jessica on LinkedIN at:  https://www.linkedin.com/in/jessicakmogilka/ or send me an email at [email protected] 

James Cook, JLL Americas Retail researcher joined me for a conversation about what and where and how -- all on retail and what they are facing and how they might recover.  Who is winning? 

James has two podcasts of his own - find him on all the podcast players:

Where We Buy
and
Building Places

A big thank you to James for the insightful conversation! 

You can find me, Jessica Mogilka, on LinkedIN or email me at [email protected].

I was thrilled to welcome a woman who is one of the hottest designers/architects in Minneapolis. She founded her own firm, Studio BV,  after deciding that she wanted to get back to hands on design work after spending years at a large architecture firm.   

Studio BV has been on a tear for 4.5 years where they help companies build their own stories and Studio BV applies those stories to their brand, logos, physical office space, campuses.  Besty Vohs exhibits a joy and a passion for her work that is enviable and contagious; and that shines thru to her many varied projects.  Betsy and her team have designed restaurants, company headquarters for Ever Eve, Digi, and they work on pro-bono projects that feed the soul like Women Winning, a YMCA camp and so much more. 

We discussed how and why she started her shop, BIG design and how it can change everything and what Betsy sees changing as we transition into that elusive new normal with COVID-19.    You can find Betsy on her webside, studio-B-V.com .   

We recorded this on March 10th, 2020 and if you enjoy hearing from Betsy and the Fly Through, please consider subscribing.   Thank you so much for joining me on The Fly Through.

Show Notes: 

• Art and design 
• How Betsy started up Studio BV
• Design can change everything // Power of design 
  • Evereve office
  • Digi office
  • See Studio BV's work at:  https://www.studio-b-v.com/our-work 
• Culture and design 
• How offices will change in the post pandemic world
  • Surfaces
  • Clean-ability
  • Touch-less 
  • Cleaning protocols 
  • More space, possibly reevaluation of focus work being remote and office is for collaboration 
• BOMA:  https://www.boma.org/  
• Fast and Furious:
  • 3 design mistakes that make her cringe
  • 3 things she cannot live without 
  • 3 places she loves and you should check out! 
    • The Foundry Home Goods:  https://www.thefoundryhomegoods.com/ 
    •  FRGMT: Coffee shop at The Nordic:  https://www.frgmntcoffee.com/
    • Walker Art Museum, check out their online stuff:  https://walkerart.org/
    • Flotsum and Fork, Jessica's recommendation:  https://www.flotsamandfork.com/ 
    •   Covet Consign: http://covetconsignanddesign.com/