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The Industrial Real Estate Podcast

Latest episodes

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Sep 7, 2022 • 33min

When the Government Takes Your Property

This is an interview with Clint Schumacher, a lawyer and Counselor of Real Estate with Dawson & Sodd.   We'll be discussing the following:   ✅  What is eminent domain and why it's important to know ✅  How properties are valued in these scenarios ✅  Landowner rights for individuals and businesses   About Clint   J. Clint Schumacher is a high stakes trial lawyer, a high school football coach in Texas, a two-time TEDx speaker, and an insightful author. He is passionate about building teams that are resilient, engaged, and motivated. He has the unique experience of both working to solve complex legal problems and coaching young athletes to succeed. Clint works in two of the most complex and competitive environments - the courtroom and the football fields of Texas. He has helped clients obtain over $100 million in judgments or settlements. He has completed a marathon, climbed the Sydney Harbor Bridge, won a bellyflop contest, and finished deep in the money at the World Series of Poker.   Connect with Clint:   LinkedIn: https://www.linkedin.com/in/clint-schumacher-a81b678 Second Wind Website: https://findsecondwindbook.com/   --     ⚡ Become an Industrial Insider:   https://www.youtube.com/c/ChadGriffithsCRE?sub_confirmation=1    📢 Join the Industrial Insiders Club and get personally curated news direct to your inbox. It's free and you can unsubscribe anytime:  https://industrialize.com/industrial-insiders      🙋‍♂️ Chad Griffiths, MBA, SIOR   #industrialize #industrialinsiders #industrialrealestate
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Sep 2, 2022 • 1h 5min

Actionable Steps to Finish 2022 Strong!

In this week's episode I'm honored to be joined by Mike Mack, President of X5 Management. Here is what we chatted about:   0:00 - Introduction 3:38 - A healthy mindset in turbulent times 21:27 - Communication skills 27:16 - A club you can join to increase your skills 32:20 - Sales & service 37:30 - What a professional can do to improve 51:25 - Tips for new professionals  59:50 - Mike's upcoming 3rd book    About Mike: Mike is a consultant, coach, facilitator, speaker and author. He is a sought-after sales, service and communication expert. Helping people maximize their potential since 2006, Mike uses leading-edge training programs and a personalized approach. He’s passionate about helping companies increase their team cohesion, customer satisfaction, employee retention and achieve enhanced profitability. Mike and the X5 team specialize in Customer Service, Sales, Team Building, Leadership Development, and Strategic Planning. He is a two-time Amazon bestselling author:  REMARKABLE SERVICE – How to Keep Your Doors Open and it’s his belief that “Remarkable Customer Service” can lead to enhanced revenue and overall profitability. RELATIONSHIPS FOR KEEPS – How to Build Powerful Relationships in Business and in Life.  Mike is working on his third book, Lunch with Leaders – How True Leaders Made It Happen, scheduled to be published in early 2023. Connect with Mike   LinkedIn: https://ca.linkedin.com/in/mikemackalberta Website: https://www.x5management.com/ -- ⚡ Become an Industrial Insider:   https://www.youtube.com/c/ChadGriffit...  📢 Join the Industrial Insiders Club and get personally curated news direct to your inbox. It's free and you can unsubscribe anytime:  https://industrialize.com/industrial-...
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Aug 24, 2022 • 55min

A Warehouse Moratorium (and what the industry can do about it)

This is Live interview with Grant Waldron, Head of Sustainability Strategy at Gaia Development.   We'll be discussing the following:   ✅  Energy efficiency in industrial buildings ✅  How to incorporate solar energy ✅  Concrete vs wood in industrial construction   About Grant: Grant Waldron earned a degree in Environmental Studies from the University of California, Santa Cruz. With previous experience in residential solar and construction technology, Grant brings a diverse background to sustainability consulting. At Gaia, Grant manages Life Cycle Assessments (LCA), carbon footprint analysis, and Zero Net Energy & Water projects. Grant is passionate about finding unique ways to incorporate sustainability into buildings & community projects.    Connect with Grant:   LinkedIn: https://www.linkedin.com/in/grantlwal... Decarbonizing Industrial Buildings: https://www.gaiadevelopment.com/educa...    --     ⚡ Become an Industrial Insider:   https://www.youtube.com/c/ChadGriffit...    📢 Join the Industrial Insiders Club and get personally curated news direct to your inbox. It's free and you can unsubscribe anytime:  https://industrialize.com/industrial-...   
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Aug 17, 2022 • 48min

Tenants, Technology & Real Time Communication

This was a live interview Tuesday, August 16, 2022 with David Abrams, CEO of HILO.   We'll be discussing the following:   ✅  Attract and retain tenants ✅  Increase revenue ✅  Maximize efficiencies    About David   David Abrams career took off when the promotions company he managed evolved to a full service marketing and communications agency. The firm quickly earned a reputation for creating impactful advertising, promotional, and engagement programs, as well as memorable tenant experiences for some of Canada’s most prestigious CRE developers.   Connect with David   LinkedIn: https://www.linkedin.com/in/dabrams/ Website: https://www.hiloapp.com/   --     ⚡ Become an Industrial Insider:   https://www.youtube.com/c/ChadGriffit...    📢 Join the Industrial Insiders Club and get personally curated news direct to your inbox. It's free and you can unsubscribe anytime:  https://industrialize.com/industrial-...      🙋‍♂️ Chad Griffiths, MBA, SIOR   #industrialize #industrialinsiders #industrialrealestate
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Aug 11, 2022 • 19min

How Will A Recession Affect the Industrial Real Estate Market?

While it's impossible to accurately predict the future, I approached this question from a few different angles: First, I asked the three smartest economists that exact question. Dr. Peter Linneman, KC Conway and Todd Hirsch all share some great insights into what they expect in the near future. Second, I reviewed industrial lease rates and vacancy rates of Chicago's industrial market going all the way back to 1996 (most notably including the Great Recession in 2008/2009). Last, I provide my own thoughts as both a broker and an investor. I've observed a lot over my 18+ year career and share how I feel about the current market and what I have planned going forward. There's an infinite amount of scenarios that could unfold but despite my apocalyptic thumbnail, ultimately I don't think there's going to be significant downside coming to the market. There will be downward pressure related to increasing interest rates, but personally I believe it will be a temporary aberration over the long haul. -- ⚡ Become an Industrial Insider:   https://www.youtube.com/c/ChadGriffithsCRE?sub_confirmation=1  📢 Join the Industrial Insiders Club and get personally curated news direct to your inbox. It's free and you can unsubscribe anytime:  https://industrialize.com/industrial-insiders    🙋‍♂️ Chad Griffiths, MBA, SIOR   #industrialize #industrialinsiders #industrialrealestate
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Aug 5, 2022 • 55min

Building Sustainability & Big Data

Tune in to hear from Jason Stanley, Head of Insights for Local Logic as we discuss a number of fascinating topics related to the commercial and industrial real estate industry. 0:00 - Introduction 1:38 - Environmental implications in real estate 15:40 - Property level risks and opportunities 26:50 - Climate related risks - should we de-globalize? 38:44 - Site selection software - Local Logic -- Connect with Jason on LinkedIn: https://ca.linkedin.com/in/jasonstanley2 Local Logic: https://locallogic.co/ -- 🔔 Become an Industrial Insider: https://www.youtube.com/c/ChadGriffithsCRE?sub_confirmation=1 💻  LinkedIn: https://www.linkedin.com/in/chadgriffiths/ 🙋 Chad Griffiths, MBA, SIOR #industrialrealestate #industrialinsiders #industrialize
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Jul 27, 2022 • 55min

Investing in Multi-Tenant Industrial Real Estate

Tune into watch a very insightful interview with Jeremiah Boucher & Tim Wilkins from Patriot Holdings where we discussed why multi-tenant industrial is attractive and even do a deep dive into a new development currently underway. Links to the documents we go over are also in the comment section below. 0:00 - Introduction 1:51 - Why multi-tenant industrial 4:55 - Site selection - how to choose a market 8:25 - The risks of using professionals familiar with the building 14:44 - Jumping into the project - Site plan 23:30 - Development budget 29:40 - Financing underwriting 33:37 - Loan details 37:50 - Creditworthiness for small industrial tenants 41:40 - Holding strategies 45:01 - Where opportunities exist 48:02 - Background story on Patriot Holdings 50:48 - Advice for news investors & developers -- About Jeremiah: Jeremiah is the founder and CEO of Patriot Holdings LLC, and has specialized in the acquisition and development of alternative commercial real estate assets over the last 20 years. Jeremiah currently owns and operates a $200M-plus portfolio of high-performing commercial properties, ranging from manufactured home communities to self-storage facilities to industrial parks.  Connect with Jeremiah: LinkedIn: https://www.linkedin.com/in/jeremiah-boucher-b060188 Website: https://www.patriotholdings.com/team/jeremiah-boucher About Tim: Tim is a Co-Founder of Patriot and has been pivotal in scaling Patriot's development and construction projects. With over 17 years in the Commercial Real Estate industry, Tim brings deep insights on the industry. An experienced Managing Director with a demonstrated history of working in the commercial and residential investment industry. Tim specializes in value-add commercial real estate in multiple asset classes including but not limited to mobile home parks, self storage facilities, retail and industrial. Connect with Tim: LinkedIn: https://www.linkedin.com/in/timmywilkins/ Website: https://www.patriotholdings.com/team/tim-wilkins Here's the link to download the documents: https://industrialize.com/development-package -- ⚡ Become an Industrial Insider:   https://www.youtube.com/c/ChadGriffithsCRE?sub_confirmation=1 📢 Join the Industrial Insiders Club and get personally curated news direct to your inbox. It's free and you can unsubscribe anytime: https://industrialize.com/industrial-insiders   🙋‍♂️ Chad Griffiths, MBA, SIOR   #industrialize #industrialinsiders #industrialrealestate
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Jul 20, 2022 • 39min

Elevate Your Investing Game (with special guest host!)

Special guest host Raphael Collazo interviews Whitney Elkins-Hutten, Director of Investment Education with Passive Investing. Raphael and Whitney will be discussing the following:   ✅  Self storage investing basics ✅  The BRRRR method of investing ✅  Investing tips   This will be a live interview so join in and ask any questions that come to mind! About Whitney: Whitney is a real estate maven who, after purchasing her first rental in 2002, and hitting a homerun, then nearly losing it all on her second deal, took control and figured out how to invest in real estate the right way. She realized that success must leave clues. So, she studied and replicated the very personal finance and wealth creation strategies the wealthy use to create financial freedom. Today, Whitney is a partner in $700M+ of real estate including more than 1400+ self-storage units across 7 states. In 2018, Whitney founded ASH Wealth and the Investor Accelerator Program, which helps investors develop a clear workable plan that gives them the results they dream of, solves their business startup or scaling issues and drives massive progress towards their real estate and financial goals. Connect with Whitney:   LinkedIn: https://www.passiveinvesting.com/whitney-elkins-hutten/ Website: https://www.linkedin.com/in/whitneyelkinshutten About Raphael Collazo: Along with being a full-time commercial agent, Raphael is also the author of the Millennial Playbook series, a book series that focuses on personal and professional development topics for young professionals. He wrote his latest book, "Before You Sign That Lease" to help business owners with the often difficult process of leasing commercial real estate. As a performance coach and speaker, he's also had the opportunity to speak to thousands of students and professionals on a wide range of subjects.  Raphael graduated from Arizona State University in 2013 with a bachelor's degree in industrial engineering and a minor in economics. Connect with Whitney:   LinkedIn: https://www.linkedin.com/in/raphaelcollazo Youtube: https://www.youtube.com/c/RaphaelCollazo/ -- ⚡ Become an Industrial Insider:   https://www.youtube.com/c/ChadGriffithsCRE?sub_confirmation=1    📢 NEW! Join the Industrial Insiders Club and get personally curated news direct to your inbox. It's free and you can unsubscribe anytime:  https://industrialize.com/industrial-insiders
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Jul 13, 2022 • 52min

The Truth About Cap Rates

In this week's episode I interviewed Brian Burke, President & CEO of Praxis Capital to discuss the following topics as it relates to commercial and industrial real estate: 0:00 - Introduction 1:10 - Cap rates are NOT a return metric 7:10 - Why are cap rates so popular? 8:38 - Cap rates vs unleveraged yields 12:30 - Cap rates & interest rates 15:01 - Valuating a deal (and how cap rates are used) 21:48 - Actual return metrics (IRR, cash-on-cash, equity multiplier) 30:20 - Looking for deals in today's market 35:50 - Active vs Passive real estate investing 39:44 - Manipulating cap rates 44:15 - Software for analyzing deals 47:40 - Forecasting rent growth 49:23 - A fantastic summary of cap rates --   About Brian: Brian Burke is President & CEO of Praxis Capital, Inc., a vertically integrated real estate private equity investment firm, which he founded in 2001. Brian is also a member of the Praxis Investment Committee. Praxis operates on multiple platforms, currently managing active syndications for the acquisition of single-family, multifamily and opportunistic residential assets in US growth markets. Over the course of a real estate investment career that began in 1989, the offerings Brian manages have acquired over 750 properties, including over 3,000 multifamily units, with the assistance of proprietary software that he wrote himself. Acquired asset classes include single family homes, self storage, mixed-use and large apartment complexes in multiple states. Brian has arranged well over $500 million in debt and equity for Praxis acquisitions. Praxis’ current portfolio exceeds $200 million of real estate assets under management. Brian is the author of The Hands-Off Investor: An Insider’s Guide to Investing in Passive Real Estate Syndications, and a frequent public speaker at real estate conferences and events nationwide.  Connect with Brian:   LinkedIn: https://www.linkedin.com/in/praxiscap... Praxis Capital Website: https://praxcap.com/   -- ⚡ Become an Industrial Insider:   https://www.youtube.com/c/ChadGriffit...    📢 NEW! Join the Industrial Insiders Club and get personally curated news direct to your inbox. It's free and you can unsubscribe anytime:  https://industrialize.com/industrial-...      🙋‍♂️ Chad Griffiths, MBA, SIOR   #industrialize #industrialinsiders #industrialrealestate
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Jul 7, 2022 • 53min

Lessons From The Hottest Industrial Real Estate Market in the World

Join in this week to hear about the challenges and opportunities found in an ultra-hot industrial real estate market, and specifically industrial lands intensification / densification. My guest, Eric Aderneck, is an Industrial Lands Planning Expert and has two decades of planning and development experience in both the public and private sectors. Eric also writes a weekly planning and development newsletter for a collection of informative news articles about cities, real estate, urban planning, transportation, economy, and other semi-related matters (link below): Here are time stamps for our discussion: 0:00 – Introduction 2:35 – Defining industrial real estate (“PDR”) 7:37 – The evolution of industrial properties 12:15 – Finding Options in Tight Markets 22:05 – Highest and Best Use for industrial 25:47 – Changing sentiment towards industrial 31:15 – Site Selection and why hot markets stay hot 37:35 – Last Mile Delivery 48:47 -  A bull case for industrial 49:33 – What led Eric to industrial 51:33 – Industrial real estate newsletter Connect with Eric on LinkedIn: https://ca.linkedin.com/in/ericaderneck Subscribe to Eric's newsletter (bottom of the page): https://mvindustriallands.com/expertise -- 🔔 Become an Industrial Insider: https://www.youtube.com/c/ChadGriffithsCRE?sub_confirmation=1 💻  LinkedIn: https://www.linkedin.com/in/chadgriffiths/ 🙋 Chad Griffiths, MBA, SIOR #industrialrealestate #industrialinsiders #industrialize

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