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February 23, 2011 
  Volume 13 - Number 8   
Streamlining the Business of Commercial Real Estate
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In This Issue
Can't Live With It...Can't Live Without It
Hot Deals/Leads
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Past Newsletters
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TOP OF THE WEEK TO YOU!
(by realwired! CEO, Brenda Dohring Hicks)Brenda Dohring Hicks

Top of the Week to You! is designed to offer the inside scoop and latest of what's important in the world of technology as it relates to the commercial real estate industry.

Can't Live With It...Can't Live Without It

Knowing when to implement some type of collaboration software is really, really tough.  That's unfortunate.  I sure wish it wasn't true.  For most, it's a fine line between collaboration and aggravation.  I can't say that I'm surprised.

When I talk to most people about collaboration, what they're really looking forward to doing is sharing documents with one another, no matter where they are, and having a repository for those documents that is easy to sort through and maybe having some business wrapped in with assignable tasks and shared calendars.  Sounds simple enough, doesn't it?  The problem is there are a lot of choices.  It takes some time to really look at what you're trying to get done and then make the decision of what to implement based around the most singular goal you can identify.

I remember when our firm was very excited that Microsoft's SharePoint started to get some traction, because frankly, before that when I told people that we offered collaboration software, they had no idea what I was really talking about.  Oh, don't get me wrong.  A lot of people would shake their head, smile and even have a conversation around collaboration software, but the fact is it was all surface level.

Microsoft's marketing and educational push to bring SharePoint down to a small business level had a whole lot of money behind it.  That was great for our business and lots of other firms like ours.  They had the money to provide education about how SharePoint could be implemented which did a lot of the heavy lifting for smaller companies like ours. To this day, I still always encourage anyone talking to us about collaboration to explore if SharePoint is something that might work for them.  Some implement it.  Some don't.  Some find they can't live without it.  And some tried it and now want nothing to do with it.

We did a lot of things wrong as we started to bring collaboration software to the commercial real estate space.  One of the biggest mistakes really was trying to bring a collaboration platform  to the commercial real estate space!  Really!  But I guess beating our heads against walls and putting ourselves in situations where prospects stared at us with zombielike looks on their faces taught us some good lessons and earned us a few stripes.  Heck, like they say, there are no overnight successes.  Our success was certainly more than a decade long.  All I can do is fall back on the virtues of the 3-P's;  passion, patience and persistence.

But here we are today in 2011.  And while there are a number of collaboration platforms out there, there are still not enough to make it a really easy story to share with commercial real estate firms, who by their very nature operate best when they are fairly autonomous and fairly small.  There is clearly a big need for our industry, given the fact that we have an enormous amount of paper as well as an enormous number of people that typically need to collaborate.  But commercial real estate remains a difficult market for collaboration.  Yes, today things are a little bit better.  I don't get the same glassy eyed stares that I once did and for that I am grateful for the efforts and money that was put behind SharePoint.  Like I said, I know people that can't live without it and I know people that have tried it and want nothing to do with it.  But it's all good because it's moving  forward the process of us being able to streamline what we do every day.  And as long as it's moving forward, I'm a happy girl.

     

Click here to join our blog discussion or simply shoot me an email when you get a chance.

Hot Deals/Leads

10 Spot/Madrag operates 40 locations throughout CT, FL, MA, NJ, NY, PA and RI.  The stores, offering discounted women's plus-size and junior apparel, occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in malls, power and strip centers and urban/downtown areas.  Plans call for eight to 12 openings throughout the existing markets during the coming 18 months.  Typical leases run 10 years with options.  A vanilla shell and specific improvements are required.  Preferred cotenants include supermarkets.  Preferred demographics include a population of 100,000 within three miles earning $35,000 to $50,000 as the average household income. For more information, contact Nathan Hoffman, 10 Spot/Madrag, 30 Seaview Drive, Secaucus, NJ 07094.

Ethan Allen Global, Inc. trades as Ethan Allen at 280 locations nationwide and internationally.  The stores, offering home furnishings and accessories, occupy spaces of 10,000 sq.ft. in freestanding locations and lifestyle and specialty centers.  Growth opportunities are sought nationwide during the coming 18 months.  Typical leases run 10 years with options.  Preferred cotenants include high-end retailers.  Preferred demographics include a trade-area population earning $75,000 as the average household income.  The company is also looking to relocate existing stores.  For more information, contact Ann Zaccaria, Ethan Allen Global, Inc., Ethan Allen Drive, Danbury, CT 06811.

Mattress 1 One operates 40 locations throughout central FL and along the eastern coastline.  The stores, offering mattresses and bedroom furniture, occupy spaces of 2,200 sq.ft. to 3,500 sq.ft. in freestanding locations and endcaps of shopping centers.  Growth opportunities are sought throughout Tampa Bay, FL during the first and second quarters of next year, with representation by Real Property Specialists, Inc.  Typical leases run five years with two, five-year options. For more information, contact Mike Charron, Real Property Specialists, Inc., 2345 West Sand Lake Road, Suite 100, Orlando, FL 32809.

Blinds To Go, Inc. trades as Blinds To Go at 100 locations throughout CT, DE, FL, MA, MD, MI, NJ, NY, PA, VA and Ontario and Quebec, Canada.  The stores, offering custom-made blinds and shades, occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in freestanding locations and endcaps of shopping centers.  Plans call for nine openings throughout NJ, NY and Ontario and Quebec, Canada during 2012.  Typical leases run 10 years with three, five-year options.  A turnkey is preferred. Preferred cotenants include Home Depot and Lowes Home Improvement.  In Quebec, the company operates as Le March du Store.  For more information, contact Yves Pardo, Blinds To Go, Inc., 3510 St. Joseph Boulevard East, Montreal, Quebec, Canada H1X 1W6. 

 

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