The Research Is In: Dylan and Chelsea Just Bought Their First House.

The Research Is In: Dylan and Chelsea Just Bought Their First House.

 

A just-released analysis of homebuyers’ first names by ATTOM Data Solutions pinpoints which generation is becoming the most active in real estate:

  •  The biggest percentage increases in homes purchased in 2017 were buyers with first names popular among millennials i.e. Dylan, Chelsea, Austin, Alexandra and Taylor
  • Conversely, the biggest decreases were by buyers with first names popular among Gen-Xers, the silent generation and Greatest Generation — Gerald, Kristin, Stanley, Kurt and Jaime — which spiked in popularity as baby names at various times between 1916 and 1976.

Read on below for more real estate news. Especially interesting to see which states people are moving to these days (it’s not where you think!).

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Workplace Changes: How Are You Staying Ahead of the Curve?

Workplace Changes: How Are You Staying Ahead of the Curve?

 

Workplace changes are coming at us hard and fast. Here are 3 trends I’m tracking that signal the future of work and how to not only survive but thrive in the workplace of tomorrow.

 

Trend 1:  THE OFFICE

Law Firms Loosen Up (Source: CBRE/Huff Post)

  • Law firms are reducing square footage by 27% on average.
  • 29 million sq. ft. of law firm leases are set to expire between 2018 and 2022
  • More than 70% of these expirations will include space contraction.

Strategies being adopted or considered by law firms include:

  • Shift from two-sized offices (typically 15’ X 15’ for partners and 10’ X 15‘ for associates) to glass-fronted, one-sized offices with seniority recognized by location, not size.
  • Less emphasis on grand, ceremonial client spaces and more emphasis on functional meeting spaces (see above right).
  • Orienting the reception area around hospitality, with concierge services and hosted events.
  • Transitioning cafeteria space from a place to eat to a place to socialize, in a prominent area along a window line.
  • Creating smaller, on-demand meeting rooms with interactive technology scattered throughout the practice area.
  • Adopting a paperless file storage strategy.

 

Apple’s New “Pacific” Chair Reflects a Rethink of Work (Source: Fast CoDesign)

  • Apple became the first customer for the Pacific Chair (12,000 ordered)
  • For younger generations, work represents who they know and how they socialize, offices are starting to have a more residential vibe. (NOTE: to me, the Pacific chair looks like an office chair, no more, no less but who am I to argue with Jony Ive)
  • Offices are also being designed to reflect how millennials see themselves: Not as office drones, but creative types with side hustles and Instagram followers.
  • Companies want offices to look creative and make workers feel like they’re part of a creative organization.
  • #Influencers don’t clock in. They make #impact from a lounge chair, not the confines of a cubicle.

Read on below for more on the Paperless Office and why in today’s work environment, it is CRITICAL to become a “Lifelong Learner.”

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Real Estate: One of the Best Barometers of Trends for 2018

Real Estate: One of the Best Barometers of Trends for 2018

 

Why write about the real estate market?

Because the real estate market is one of the most in-tune economic barometers for tracking important shifts in lifestyle, the workplace, retail and hospitality.

 

Here are 5 of the most compelling trends/opportunities coming out of real estate market.

 

#1: INDUSTRIAL WAREHOUSES AND DISTRIBUTION CENTERS

  •  E-commerce sales are booming and expected to reach $700 billion by 2022.
  • Companies like Amazon and walmart.com need massive amounts of space, close to major population centers, to get products to customers within hours, not days.
  • In the Atlanta area, 17 million square feet of new industrial space is currently under construction and in California’s Inland Empire, nearly 28 million square feet is being built.
  • One of the most promising new opportunities: “mini-distribution hubs” (approx. 60,000 sq. ft) for last mile delivery.

Read on below for trends 2-5.

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It’s Jan 2, 2018 Which Means? Nose to the Grindstone!

It’s Jan 2, 2018 Which Means? Nose to the Grindstone!

 

2017 felt like a tough year. Although the stock market was booming, people were stressed. EVERYTHING was tinged by politics and nothing made much sense e.g. can anyone explain Bitcoin’s crazy pricing?  Or the fact that the stock market rocketed 20% (maybe it’s the Russians?)

As we head into 2018, I anticipate another difficult year – although the burgeoning cannabis industry may provide a mellowing influence. I have no idea which way the stock market will go – it increasingly operates untethered from reality. I do expect politics to continue to be front and center, infiltrating every aspect of business (which is strange considering the administration ran on getting out of the way of business).

Here are 5 business trends I’m keeping an eye on this year.

1. Tech/Silicon Valley loses its allure, takes on the attributes of Wall Street

Technology which has been so remarkable and such a great equalizer is losing its cachet. Look for the industry to continue to be demonized much as Wall Street and hedge funders have been in the past.

  • Tech companies are seeing themselves blamed for everything from gentrification to income inequality to lack of diversity in hiring.
  • Facebook is facing congressional hearings for their role in running Russian-backed ads that may have impacted the outcome of the U.S. elections. They’re also in hot water for spreading fake news and most recently for using their algorithms to exclude older workers from seeing certain job postings.
  • Apple, while still doing well (trillion dollar company), feels like it’s on a downward spiral. Although I am not ready to move on, it doesn’t feel exceptional anymore and I wish there was an alternative for me because I don’t see Apple getting their mojo back anytime soon.
  • Tech IPO’s are no longer a sure thing. Most recent losers: Snap, Blue Apron.
  • Overall, watch for tech to be regulated both here and abroad.

Read on below for more.

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Chanel Gabrielle: Best New Fragrance to Launch in Years

Chanel Gabrielle: Best New Fragrance to Launch in Years

 

This is how you turn a brand loyalist into a new fragrance customer.

I have been looking for a new fragrance for at least 10 years but never found anything I liked as much as my Jo Malone Orange Blossom.

  • But then, at my Christmas party this year, my friend Lauryn Chun arrived smelling absolutely heavenly.
  • Not only did she share the name of her new fragrance: Gabrielle by Chanel, she also gave me one of the small sample bottles the store had given her (very smart move on their part!)
  • I wore it a few times and at dinner recently, another friend couldn’t stop raving about how phenomenal my new fragrance smelled.
  • That was all I needed. The next day I went to Sephora, dropped over $100 and now have two favorite fragrances.
  • And then I also discovered that one of the flower notes that Gabrielle contains is Orange Blossom! No wonder I like it.

I’m also a big fan of their spokesperson, Kristen Stewart. Wrote about her last year because I love her look – never thought I would end up wearing her fragrance.

Read on below for more on the fragrance including the perfumer who created it.

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Yoga vs. Meditation? Why Do the Most Successful People Meditate?

Yoga vs. Meditation? Why Do the Most Successful People Meditate?

 

Is it too early to call an end to yoga madness?

  • Yoga has become big business. From 2012 to 2016, the number of Americans practicing yoga — three-fourths of them women — doubled to 37 million, creating a $17 billion industry.
  • As it became super trendy, it got more gimmicky with studios concocting fads like beer yoga, ganja yoga, and even goat yoga, to distinguish themselves in an overcrowded field.
  • As we’ve seen with many other fads from zumba to P90X, what goes up invariably comes down and yoga studios are indeed starting to close.

Having just finished reading Tribe of Mentors, I would say, YES, the time is right for a more mindful approach:

  • What struck me in reading this fantastic book was the frequency with which meditation was mentioned (at least three-quarters of these high performers meditate).
  • At the same time, there was only a single mention of yoga (in 600 pages). I thought that was telling.

Read on below.

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Marc Lore: My Retail Hero and Mastermind of the Walmart Miracle

Marc Lore: My Retail Hero and Mastermind of the Walmart Miracle

 

Here’s proof positive that one strong, motivated person with a clear vision for the future can have a HUGE impact on any business – and in a surprisingly short period of time.

  • Marc Lore, President and CEO of U.S. e-commerce at Walmart was just named Executive of the Year by Retail Dive.
  • And Jeff Bezos may finally have met his match.
  • Too early to say this with any certainty but as someone who has shopped both brands, I see Amazon starting to lag while Walmart feels completely energized.

Read on below for more on my firsthand experiences with the Walmart turnaround since Marc Lore has been at the helm.

PLUS info on a retail concept Amazon is currently testing in NYC, the Calvin Klein x Amazon pop up.

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SHoP Architects Gives the Seaport District an Amazing Revamp

SHoP Architects Gives the Seaport District an Amazing Revamp

 

Shout out to SHoP Architects for their revamp of the South Street Seaport from tacky tourist destination to “Seaport District.”

And on a side note, even bigger kudos to SHoP for having their American Copper Buildings named building of the year by Curbed’s editors.

But back to the Seaport District. I had not been aware of all the changes underway down there until this week when I went to check out the Sea of Light installation. These interactive orbs (ranging up to nine feet in height), “react” to sound and movement patterns.

The installation’s creators are Alexander Green and Symmetry Labs. The same people behind the very instagrammable installations at Burning Man, the Super Bowl and 29Rooms.

The display, comprising 150,000 LEDs, is the largest of its kind. Definitely worth a trip downtown.

Remember: the orbs are only operational after 5pm. It is up through March, 2018.

I’m curious to see how SHoP Architects will develop this area. How residential will it become vs. commercial? It’s still touristy but the quality of the restaurants, bars and retail has gone up. And with the iPic movie theater at Fulton Market, more locals are coming here as well.

The Seaport building (at Pier 17) will be home to restaurants by Jean Georges and the Momofuku Group.

ESPN has also just signed on and will be the biggest tenant with studios as well as offices.

Read on below for more on SHoP’s projects. Clearly one of the hot shops for young architects looking to work on signature projects for the most exciting companies in the world.

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