The Crexi Commercial Real Estate Podcast: Conversations in All Things CRE cover image

The Crexi Commercial Real Estate Podcast: Conversations in All Things CRE

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Jul 10, 2024 • 42min

Building Relationships and Coaching the Next Generation of CRE

This episode explores how to build a thriving culture and long-term industry success with Bethany Babcock, Principal & Co-Owner of Foresite Commercial Real Estate. The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the space. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate.  In this episode, host Jessica LaRusso sits down with Bethany in a wide-ranging conversation, discussing her non-traditional entry into commercial real estate, her career progression, and the lessons learned along the way. Bethany shares the story behind founding Foresite, the company's unique culture, and how it has become the largest retail firm in South Texas relying solely on internal data.  They also delve into Bethany's passion project, the CRE Launch Program, which aims to cultivate new talent in the industry. The episode covers key insights into the retail sector in San Antonio and Southern Texas, reflecting on trends, challenges, and opportunities. Bethany also provides valuable advice for younger brokers and emphasizes the importance of good old-fashioned marketing and long-term perspective in CRE. Meet Bethany Babcock: Career HighlightsBethany's Unconventional Entry into CREClimbing the Ladder: From Receptionist to Property ManagerMentorship and Career ShiftsLessons from the 2008 Financial CrisisBalancing Leadership and LikeabilityDaily Habits and Personal LifeFounding Foresight Real EstateInnovative Practices at ForesightChallenges as a Young Female BrokerFamily-Oriented Culture at ForesightLeveraging Internal Data for SuccessClient Relationships and Transaction StoriesThe Challenge of Training in Commercial Real EstateLaunching a Virtual Training Program During COVIDGrowth and Expansion of the Training ProgramCurrent State of the Retail Sector in TexasImpact of Macroeconomic Factors on RetailAdvising Clients and Brokers in San AntonioRapid Fire Questions and Closing RemarksIf you enjoyed this episode, please subscribe to our newsletter to receive the very next one delivered straight to your inbox. For show notes, past guests, and more CRE content, please check out Crexi Insights.Ready to find your next CRE property? Visit Crexi and immediately browse hundreds of thousands of available commercial properties.Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexiAbout Bethany Babcock:Bethany Babcock has worked in property management, leasing and investment sales for over 20 years. She founded Foresite Real Estate in 2014.In 2018 she was named by the San Antonio Business Journal as one of the “40 under 40”. Bethany is one of very few brokers in San Antonio to have received national awards in the categories of both top leasing agent and top investment sales agent. She has been published online with Forbes and featured in the Business Journal as well as been a guest speaker for the South Texas CCIM Symposium. Bethany also enjoys guest lecturing for the Real Estate Finance Department at the University of Texas at San Antonio.In 2020 Bethany opened up Foresite’s own training program to those outside of the company and created the “CRE Launch Program” which has worked with students from more than 10 universities and 20 different brokerage firms to develop and retain new talent in the industry.The unique culture at Foresite has lured industry veterans as well as developed exceptional talent internally and in 2022 and 2023 Foresite was named #1 Best Place to Work for Small Businesses by the San Antonio Business Journal.Bethany graduated from UTSA double majoring in International Business and Finance. She went on to earn her MBA with a concentration in Finance from Texas A&M University-San Antonio. She is a member of the International Council of Shopping Centers, a board member for Adult and Teen Challenge of Texas and is a mother of three. If you enjoyed this episode, please subscribe to our newsletter and enjoy the next podcast delivered straight to your inbox.  For show notes, past guests, and more CRE content, please check out Crexi’s blog. Ready to find your next CRE property? Visit Crexi and immediately browse 500,000+ available commercial properties for sale and lease. Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexi
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Jul 3, 2024 • 44min

The Current Landscape of Commercial Real Estate Financing

This episode explores how CRE investment bankers are adapting to current economics with Deborah Smith, Co-Founder and CEO of The CenterCap Group.The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the space. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate.  Host Jessica LaRusso deep dives with Deborah as she shares her extensive career journey in investment banking and commercial real estate, highlighting her experiences and the evolution of the industry over the years. The discussion covers the significance of mentorship, the impact of local markets on real estate valuations, and emerging trends such as niche markets and proptech advancements. Deborah also provides valuable advice for newcomers entering the industry and discusses the strategic initiatives of The CenterCap Group in providing comprehensive advisory services. Introduction to The Crexi PodcastMeet Deborah Smith: Career HighlightsDeborah's Journey into Finance and Real EstateChallenges and Mentorship in Investment BankingWork Ethic and Daily Habits for SuccessThe Origin and Growth of CenterCap GroupCurrent Trends in Commercial Real EstateEvaluating Beyond Track RecordsAffordable Housing StrategiesRecent Major TransactionsStrategic Market ConversationsExciting Trends in PropTech3D Printing in Affordable HousingInvestment Market TrendsWorkforce Housing FocusEmerging CRE OpportunitiesAdvice for NewcomersRapid Fire QuestionsConclusion and Contact Information About Deborah Smith:Deborah Smith is Co-Founder and CEO of The CenterCap Group, LLC and heads the firm's Strategic Capital and M&A and Execution efforts. Prior to forming The CenterCap Group, LLC, Ms. Smith was Co-Head of M&A and a Senior Managing Director with CB Richard Ellis Investors (CB Richard Ellis's $40 billion AUM investment management business). She joined CBREI in July 2007 to co-head the build out of the firm's M&A efforts and led the firm's negotiation and acquisition of a majority interest in Wood Partners (one of the largest multifamily developers in the United States) in 2008. From 1998-2007, Ms. Smith worked on mergers and acquisitions with Lehman Brothers, Wachovia Securities and Morgan Stanley. Ms. Smith has been involved in more than $100 billion of mergers, acquisitions and restructuring transactions. Ms. Smith has a Bachelor's degree in Economics honors and a Bachelor's degree in Law honors, from the University of Sydney. If you enjoyed this episode, please subscribe to our newsletter and enjoy the next podcast delivered straight to your inbox.  For show notes, past guests, and more CRE content, please check out Crexi’s blog. Ready to find your next CRE property? Visit Crexi and immediately browse 500,000+ available commercial properties for sale and lease. Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexi
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Jun 26, 2024 • 1h 2min

Building a 1M+ Social Media Community in CRE

This episode of The Crexi Podcast spotlights how Aviva Sonenreich, Founder of Warehouse Hotline, built a successful CRE business with over one million social media followers.The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the space. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate.Host Ashley Kobovitch delves into the world of commercial real estate with Aviva as she shares insights on her career path, the evolution of the commercial real estate sector, and the critical role of social media and branding in her success. They discuss the generational dynamics within the industry, the impact of macroeconomic factors, and how emerging technologies are shaping the future. The conversation also covers practical advice and strategies for new investors and brokers aiming to thrive in an ever-evolving market.Their wide-ranging conversation includes:Meet Aviva Sonenreich: A Leader in Commercial Real EstateAviva's Career Path and Early InfluencesThe Evolution of Commercial Real EstateMentorship and InfluencesLessons in Persistence and SuccessFounding Warehouse HotlineAdapting Strategies in a Changing MarketThe Power of Social Media in Real EstateImpact of CRE Fame on Daily LifeBuilding a Personal Brand in Real EstateThe Evolution of WarehousingDenver's Unique Industrial MarketMacroeconomic Factors Affecting WarehousesFuture Predictions for the Warehousing SectorInvestment Principles in Uncertain TimesOpportunities in Commercial Real EstateRapid Fire Questions and Final AdviceConclusion and Contact InformationAbout Aviva Sonenreich:Aviva Sonenreich, the managing broker at Warehouse Hotline, is a seasoned leader in commercial real estate, blending familial expertise with modern ingenuity to pioneer fresh approaches. With over 1.1M social media followers in the commercial real estate niche, her influence is undeniable. Managing 350,000 sq ft of Denver's commercial real estate, she has revitalized her company's portfolio, offering an innovative perspective. Aviva aims to empower individuals in this field, eyeing speaking engagements to amplify her message, showcased in her podcast, Commercial Real Estate Secrets, ranked among the top 100 podcasts in the industry. If you enjoyed this episode, please subscribe to our newsletter and enjoy the next podcast delivered straight to your inbox.  For show notes, past guests, and more CRE content, please check out Crexi’s blog. Ready to find your next CRE property? Visit Crexi and immediately browse 500,000+ available commercial properties for sale and lease. Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexi
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Jun 20, 2024 • 54min

Key Insights into Phoenix's Industrial CRE Landscape

This episode of The Crexi Podcast features industrial expert Todd Hamilton, Managing Partner at Citywide Commercial, discussing all aspects of Phoenix’s industrial market.The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the space. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. Host Jessica LaRusso dives into conversation, covering Todd's 27-year career in commercial real estate, his transition from finance to real estate, his views on mentorship, and the valuable lessons he learned throughout his journey. They discuss the current industrial market conditions in Phoenix and nationally, the impact of high interest rates, and Todd's insights on the future of industrial real estate. Todd also shares his advice for newcomers looking to break into the industry, emphasizing the importance of networking and staying organized. Meet Todd Hamilton: Background and CareerTodd's Early Career and Transition to Real EstateMentorship and Key InfluencesAdvice for Aspiring Real Estate ProfessionalsDaily Habits and Personal InsightsCurrent State of the Industrial Real Estate MarketPhoenix's New Construction BoomImpact of Economic Factors on Real EstateDiverse Economy and Growth CatalystsWater and Power InfrastructureHigh Interest Rates and Market SlowdownInvestment Strategies and Market InsightsRapid Fire Questions and Personal InsightsFinal Thoughts and AdviceAbout Todd Hamilton:Todd Hamilton, Managing Member and Founder of Citywide Commercial and Hamilton Property Management, specializes in tailored investment, leasing, and property management strategies for industrial property owners. With 27 years in the industry, Todd has overseen transactions exceeding 155 million square feet, serving clients with an unwavering commitment to excellence and to consistently deliver results. Todd's expertise and professionalism make him a trusted advisor in commercial real estate, where his insights continue to shape prosperous outcomes for industrial property ventures. He has consistently been recognized as a top-producing industrial broker and received a number of industry awards from prestigious organizations including CCIM, SIOR, and ULI. If you enjoyed this episode, please subscribe to our newsletter and enjoy the next podcast delivered straight to your inbox.  For show notes, past guests, and more CRE content, please check out Crexi’s blog. Ready to find your next CRE property? Visit Crexi and immediately browse 500,000+ available commercial properties for sale and lease. Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexi
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Jun 12, 2024 • 55min

Using Your Authentic Voice to Build a Personal Brand in CRE

In this landmark 100th episode of The Crexi Podcast, Deena Zimmerman, Principal at Baum Realty, shares how to build a unique and successful reputation in CRE.The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the space. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate.  Celebrating 100 episodes of The Crexi Podcast, host Ashley Kobovitch sits down with Deena Zimmerman in the all-new Crexi HQ studios. Deena shares her expansive journey in the commercial real estate industry, highlighting her transition from psychology to brokerage, her various mentorship roles, and her passion for adaptive reuse in retail spaces.  She discusses the evolving landscape of retail, the importance of finding one's authentic voice, and the significance of mentors and sponsors in her career. Deena also touches on her involvement with organizations like NAR and Globe Street Women of Influence and provides insights into the thriving retail and cannabis sectors. Introduction and Milestone CelebrationGuest Introduction: Deena ZimmermanDeena's Career JourneyMentorship and SponsorshipDaily Habits and Work-Life BalanceFinding Your Authentic VoiceThe Importance of Having FunInvolvement in Various OrganizationsCurrent Trends in RetailThe Rise of Medtail and Adaptive ReuseChicago's Unique Market TrendsExciting Client ProjectsCannabis Industry InsightsRapid Fire Questions and Final Thoughts About Deena Zimmerman:Deena Zimmerman is an award-winning broker with nearly twenty years of industry experience. Known as a star tenant rep, she is sought after by national brands, multi-unit franchisees, and even first-time entrepreneurs nationwide for site selection rollouts across both Chicagoland and the entire country.She also specializes in the sale and leasing of retail, investment, and development properties. Deena is a trusted expert in Cannabis real estate, and she is regarded nationally for her business development efforts and her expertise in retail site selection and curation.As Principal at Baum Realty Group, Deena’s role is centered on national business development as well as commercial redevelopment and adaptive reuse projects across the country. Deena’s incredible network of relationships stems in large part from her involvement in several local and national organizations. She was the 2017 Commercial Liaison for the National Association of Realtors, and she is a member of ICSC, WIRL (Women in Retail Leasing), and has served as a Mentor and is a longtime supporter of the Goldie Wolfe Miller Women Leaders in Real Estate Initiative. In 2021 she was named one of the top 25 most influential women in Commercial Real Estate and has been named annually by CREi as a top social media influencer in commercial real estate. Deena is a recognized industry leader and public speaker, presenting at national conferences, and to industry groups and associations throughout the United States in addition to guest spots on national television, radio, and podcasts. If you enjoyed this episode, please subscribe to our newsletter and enjoy the next podcast delivered straight to your inbox.  For show notes, past guests, and more CRE content, please check out Crexi’s blog. Ready to find your next CRE property? Visit Crexi and immediately browse 500,000+ available commercial properties for sale and lease. Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexi
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Jun 5, 2024 • 37min

A Deeper Dive into Complex DST Strategies

This episode explores advanced DST investing strategies in a round two conversation with Ehud Gersten, Managing Partner of Perch Wealth.The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the space. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode, host Yannis Papadakis and Ehud delve deep into the world of Delaware Statutory Trusts (DSTs). The conversation covers the fundamentals of DSTs, their benefits, and their unique appeal for passive investors, particularly those looking to defer taxes via 1031 exchanges. They also discuss the recent market changes, including the slowdown in transactions and the impact of rising interest rates. Ehud shares insights on how DSTs serve as a valuable tool for investors seeking diversification and lower managerial responsibilities. Additionally, they explore the role of DSTs in the evolving real estate landscape, especially among baby boomers and institutional investors. Essential considerations for brokers and investors regarding DSTs are also covered, alongside the latest trends and economic challenges facing this investment vehicle. Introduction and WelcomeMarket Changes and OverviewUnderstanding Delaware Statutory Trusts (DSTs)Benefits and Advantages of DSTsAdvanced Insights into DSTsDSTs and Demographic TrendsDSTs and Debt ManagementExiting a DST Brokers and DSTsEconomic Trends and DSTsInstitutional Investors and DSTsCurrent Economic Challenges for DSTsAdvice for Brokers and InvestorsFarewells and Further Resources About Ehud Gersten:Ehud Gersten is a managing partner at Perch Wealth. In addition to being a licensed securities professional, focusing on 1031 exchanges and Delaware Statutory Trusts (DSTs), Ehud is also a licensed California attorney and real estate broker.For more than a decade, Ehud owned and operated a highly successful law firm in San Diego, focusing on real estate and consumer rights. He has advocated on behalf of many clients, including homeowners’ associations (HOAs), real estate developers, and investment property owners, in both California state and federal courts. He is also admitted to practice before the U.S. Supreme Court. Ehud has been repeatedly recognized by his legal peers as one of the top litigators in San Diego County, featured multiple times in both SuperLawyers magazine and San Diego’s “Best of the Bar.” He has been interviewed and featured for his national real estate work by Bloomberg, the L.A. Times, the New York Times, and HousingWire magazine.Ehud holds two degrees from the University of Auckland in New Zealand – a Bachelor of Arts (BA) in political science and a law degree. He also holds a Master of Laws and Letters (LLM) degree, with a concentration in intellectual property, from Boston University. He holds Financial Industry Regulatory Authority (FINRA) series 7 (general securities representative), 66, and 63 registrations. If you enjoyed this episode, please subscribe to our newsletter and enjoy the next podcast delivered straight to your inbox.  For show notes, past guests, and more CRE content, please check out Crexi’s blog. Ready to find your next CRE property? Visit Crexi and immediately browse 500,000+ available commercial properties for sale and lease. Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexi
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May 29, 2024 • 36min

The Unique World of New York's Hospitality Scene

This episode dives into what makes New York City’s hospitality market an exciting investment market with Anudeep Gosal, Senior Director at Besen Partner’s Hotel Advisory Group.The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the space. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode, host Yannis Papadakis dives deep into NYC’s hospitality sectors, as the discussion with Anudeep covers the unique dynamics of the hospitality market in New York City, the impact of COVID-19, regulatory challenges, competition with alternative accommodations, and investment strategies. Anudeep also offers insights on financing challenges, evaluating risks, and the evolving trends in the hospitality sector, concluding with advice for those looking to enter the field.Welcome to The Crexi Podcast: A Deep Dive into Commercial Real EstateMeet Anudeep Gosal: From JW Marriott to Hotel Advisory ExpertA Hospitality Expert’s Journey: Orlando to Dubai and BeyondThe Birth of Besen Partners' Hotel Advisory GroupNavigating New York City's Unique Hospitality MarketThe Impact of COVID-19 on Hospitality and Emerging TrendsChallenges and Opportunities in Hospitality FinancingMitigating Risks in Hospitality InvestmentsThe Future of Hospitality: Remote Work and Generational ShiftsRapid Fire Questions: Insights and Advice on the Current MarketClosing Thoughts and How to Connect About Anudeep Gosal:Anudeep Gosal underwent his management training with JW. Marriott, working in the finance and procurement departments at JW Marriott Mumbai prior to graduating with a BSC Honors in International Hospitality and Business with a focus on Hotel Real Estate from the Emirates Academy in Dubai. He started his career as an investment analyst with the Oxford Group based in Pune, before transitioning as an associate with Quantum Capital a  strategic transaction advisory firm also based in Pune. India.  If you enjoyed this episode, please subscribe to our newsletter and enjoy the next podcast delivered straight to your inbox.  For show notes, past guests, and more CRE content, please check out Crexi’s blog. Ready to find your next CRE property? Visit Crexi and immediately browse 500,000+ available commercial properties for sale and lease. Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexi
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May 22, 2024 • 56min

​Unlocking Opportunities with a 721 Exchange UPREIT

This episode explores opportunities held within 721 exchanges UPREITs with J. Mark Earley, Head of Hines Private Wealth Solutions, Americas.The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the space. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate.  In this episode, host Yannis Papadakis interviews Mark Earley, exploring his unique journey from a teenager involved in family-owned residential rentals to leading Hines’ Private Wealth Solutions, Americas, arm. Earley shares insights into his career path, the evolution of the commercial real estate industry, and the impact of major economic events like the 2008 financial crisis and COVID-19 on real estate strategies and market dynamics.  The episode also delves into innovative investment structures such as Delaware Statutory Trusts (DSTs) and 721 exchanges, highlighting their advantages for estate planning and investment diversification. Mark emphasizes the importance of staying adaptive, innovative, and persistent in the commercial real estate sector, outlining macro trends affecting investment opportunities, particularly in multifamily and builder-rent sectors. Their wide-ranging conversation includes: Welcome to The Crexi Podcast: A Deep Dive into Commercial Real EstateMark Earley's Journey: From Residential Roots to Commercial Real Estate TitanThe Evolution of Hines Private Wealth Solutions: A 20-Year RetrospectiveNavigating Challenges and Celebrating Wins in the Commercial Real Estate IndustryAdapting to Change: How COVID-19 Transformed Commercial Real EstateThe Future of Real Estate: Live, Work, Play Environments and SustainabilityEssential Qualities for Success in Commercial Real Estate EntrepreneurshipExploring the 721 Exchange and Delaware Statutory Trusts in Real EstateThe Benefits of 1031 Exchanges and DSTsThe Drawbacks of DSTs and 1031 ExchangesThe Growing Popularity of DSTsMacro Trends Influencing DSTs and 721 ExchangesAdvice for Brokers on Navigating DSTsRapid Fire Questions: Investment Insights and Industry MisconceptionsFinal Thoughts and Where to Find More InformationDisclosure: Represents the subjective opinions of Hines. Other market participants may reasonably have differing opinions. This is not an offer to sell securities. Neither Hines Interests Limited Partnership (“Hines”), Hines Private Wealth Solutions LLC, member FINRA/SIPC, nor any of their affiliates provide tax, estate, financial or legal advice. There is no guarantee that any potential benefits discussed herein will be realized. Investing in real estate involves significant risks, including the possibility of losing all invested capital.Source: The U.S. housing market has a deficit of 4 million homes, fastcompany.com, 12/21/23About J. Mark Earley:Mark Earley is the Americas Head of Hines Private Wealth Solutions and serves as Chief Executive Officer of the broker-dealer affiliate. His leadership has been instrumental in the firm’s $10.7 billion capital raise throughout the wealth management channel. Mark also directs the overall strategy for the Americas and provides tactical guidance to the organization with particular focus on product development, distribution, sales management and business planning. Additionally, he serves on the Capital Markets Committee of Hines. If you enjoyed this episode, please subscribe to our newsletter and enjoy the next podcast delivered straight to your inbox.  For show notes, past guests, and more CRE content, please check out Crexi’s blog. Ready to find your next CRE property? Visit Crexi and immediately browse 500,000+ available commercial properties for sale and lease. Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexi
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May 8, 2024 • 47min

Long-Tail Shifts and Resilient Fundamentals in the National Industrial Sector

This episode explores the industrial sector’s opportunities and upcoming challenges with David Murphy, Executive Vice President at CBRE.The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the space. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode, host Jessica LaRusso sits with Murphy as he shares his journey from a real estate-enthusiast beginner to becoming an industrial logistics leader. He discusses the changing landscape of industrial real estate, driven by e-commerce and the shift from large, centralized warehouses to more localized, efficient spaces. Murphy also delves into the nuances of the CRE industry, highlighting the importance of hard work, resilience, and building relationships over merely relying on technology. He reflects on the misperceptions about the industry and concludes with insights into the future of industrial real estate, emphasizing growth in Florida and the ongoing need for development amidst rising construction costs.Meet David Murphy: A Real Estate LiferDavid's Journey: From Hockey to BrokerageThe Evolution of a Real Estate Career: Lessons and AchievementsMentorship and Hard Work: The Foundations of SuccessGiving Back: Coaching the Next Generation of CRE ProfessionalsThe Art of Building Relationships in CREWork Ethic and Strategy: Staying Ahead in CREDavid's Personal Routine and Family LifeA Day in the Life: Balancing Workouts, Family, and WorkMastering Time Management and ProductivityThe Evolution of the Industrial SectorNavigating the Challenges of Industrial DevelopmentInvestment Strategies and the Future of Industrial Real EstateRapid Fire Questions: Insights and AdviceClosing Thoughts and Social Media Musings About David Murphy:David Murphy is an Executive Vice President with CBRE. In 2021, David was recognized as CBRE’s top overall producer in the State of Florida for the second consecutive year.David oversees a multi-disciplined industrial and logistics team whose market knowledge, creativity, and industry relationships provide winning solutions for his clients. Over his 23-year career at CBRE he has been named NAIOP of Central Florida Industrial Broker of the Year 18 times and is routinely recognized at the CBRE Recognition Summit as one of the top producing brokers in the firm.David began his real estate career in State College, PA during his freshman year at the Pennsylvania State University where he graduated with a Bachelor’s of Science Degree in Real Estate. A member of the Penn State Men’s Ice Hockey Team, David was inducted into the Penn State Hockey Hall of Fame and also played professionally in the East Coast Hockey League. If you enjoyed this episode, please subscribe to our newsletter and enjoy the next podcast delivered straight to your inbox.  For show notes, past guests, and more CRE content, please check out Crexi’s blog. Ready to find your next CRE property? Visit Crexi and immediately browse 500,000+ available commercial properties for sale and lease. Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexi
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May 1, 2024 • 1h 29min

A Boutique Hotelier's $500K Passive Income Plan

This episode explores the opportunities and advantages in boutique hotel investing with Matt Aitchison, Founder and CEO of Imagos Hospitality Group.The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the space. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode, host Taylor Curtiss delves into Matt’s journey from starting as a real estate sales agent to becoming a successful commercial real estate investor and boutique hotel owner. The discussion highlights the unique challenges and opportunities within boutique hospitality compared to traditional hotels, underscoring the significance of authenticity, the strategic use of social media, and the power of content creation in building strong investor relations and community engagement. Their conversation also emphasizes the critical role of aligning personal and business brands with integrity and ethical values to attract like-minded individuals, the pivotal use of feedback for content optimization, and the adoption of key strategies to navigate the fluctuating CRE investment landscape.  Meet Matt Aitchison: From Real Estate Sales to Hospitality MogulThe Journey Begins: Matt's Entry into Real Estate InvestingScaling Up: Transitioning to Commercial Real Estate and HospitalityThe $500K Passive Income Plan: A Strategic Approach to WealthThe Power of Commercial Real Estate: Maximizing Wealth and FreedomMentorship and Masterminds: The Keys to Accelerated SuccessThe Likeability Formula: Building Relationships for SuccessEmbracing Failure: Lessons Learned and Moving ForwardDoubling Down on Community: The Impact of Masterminds and NetworkingThe Importance of Daily Habits and Family RitualsExploring Boutique Hospitality Investments: A Unique ApproachExploring the Evolution of Hospitality and Boutique HotelsThe Impact of Airbnb on Boutique HospitalityNavigating the Real Estate Investment LandscapePersonal Insights: The Value of Hospitality AssetsThe Power of Content Creation in Real EstateBuilding a Personal Brand and Engaging Your AudienceInvestment Strategies and Insights for Uncertain TimesCreative Real Estate Investing and Future OpportunitiesRapid Fire Questions: Investment Preferences and Favorite Tools About Matt Aitchison:Matt Aitchison is an esteemed boutique hotelier, commercial real estate investor, and highly sought-after speaker within the real estate industry. With an impressive background that encompasses diverse accomplishments, Matt's journey began after graduating from UC Santa Barbara, where he embarked on a successful career in Real Estate sales. Through unwavering determination and work ethic, he cultivated a Top 1000 real estate team in the U.S, as recognized by the Wall Street Journal. Quickly understanding that traditional real estate sales alone wouldn't unlock his desired financial freedom goals, Matt pivoted and went all in on real estate investing full time. Since then, he has amassed extensive experience, flipping and wholesaling hundreds of houses while concurrently scaling his passive income portfolio. After shifting his focus full time to commercial real estate and hospitality assets, his portfolio now encompasses retail strip centers, medical plazas, apartment buildings, and hotels. Presently, Matt is the Founder and CEO of Imagos Group, which specializes in the innovation and evolution of boutique hotels and commercial real estate assets, in addition to hosting a Top 100 Ranked Business Podcast in the World. If you enjoyed this episode, please subscribe to our newsletter and enjoy the next podcast delivered straight to your inbox.  For show notes, past guests, and more CRE content, please check out Crexi’s blog. Ready to find your next CRE property? Visit Crexi and immediately browse 500,000+ available commercial properties for sale and lease. Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexi

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