With this ongoing series of interviews, I endeavor to expand our collective insight into the people, events, and trends that have a positive effect on the real estate industry. My guests are visionaries who are integral in shaping the way we live in the world today. I sincerely hope you enjoy learning from them as much as I have.
Woody Heller is a broker’s broker. He is one of the most successful and well respected commercial brokers in the industry. He is executive managing director and group head of the capital transactions group at Studley. I had the pleasure of speaking with him about the challenges in the market, where we might be headed, and his insight as a broker.
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I recently sat down with Stuart Elliott, editor of The Real Deal. In six short years, he has helped the publication become a major source of real estate news for New York City. I hope you enjoy the interview.
Shaun Osher was recently interviewed by Multi Housing News. He discussed The Realtime Report, the Manhattan housing market, green living and more…
In 1973, Barbara Corcoran created what was eventually to become New York City’s top real estate brokerage company. Her entrepreneurial mind, common sense approach to building a business, creativity and tenacity set her apart from the field. She sold the company seven years ago and started applying her creativity and knowledge into other endeavors. She has written two books and is widely considered a pre-eminent expert in the real estate and business world. I had the pleasure of speaking with her about the company she created and eventually sold and the general market.
THE INTERVIEW
Shaun: What was the most challenging part of starting your real estate brokerage company?
Barbara: Coming up with the cash, absolutely, because I was working as a waitress at the time and I lived off of what I earned in tips. Coming up with the cash to start any business was a major obstacle. But fortunately, my (what was soon to be boyfriend), came into the diner. I met him and he gave me the cash to start a brokerage firm. A thousand dollars.
Shaun: That’s a great story.
Barbara: That was a stroke of good luck.
Shaun: So you never became a real estate agent? You started your own company immediately and you never went to work for a firm?
Barbara: I started my brokerage firm in New Jersey immediately because my boyfriend had a friend who was an attorney, and as an attorney he was able to license me. So I just went and took the test. In those days, you have to appreciate 35 years ago, there were no barrier entries at all. If you could walk and talk you could pass the test. And I could do both, so I sailed through it.
Shaun: Is it any different now?
Barbara: Of course. It’s a pain in the neck now. In New Jersey, in New York, any state. Top of the list of course is California where fifteen years after I went to California five times to attend the courses I failed my brokers license five times in a row. I never got to move to California because I already had the Corcoran Group. I wanted to just move to California to just start all over again, but I couldn’t because I couldn’t pass the damn exam. In answer to your question; “Is it more difficult today?” It’s more difficult in terms of education, because you have to take courses and pass the exam, which is a pain in the neck. (more…)
New York City is one of the only cities in the United States that has never had a comprehensive one-stop-shop for listing data (current or historic). For years, the major power brokers tried to “get together” to create an MLS , but we all know how that turned out. Michael Smith is the CEO and Founder of Streeteasy. He has confronted this monumental task head on and has revolutionized how people search for available listings on the web, and research historical data. I sat down with him recently and discussed his company.
Shaun: How old is the company?
Michael: The company is almost 3 years old.
Shaun: And your title is?
Michael: CEO
Shaun: How many people is the company comprised of?
Michael: Ten. A big group of ten.
Shaun: Must be ten very efficient people. What hours do you work? (Laughing) Is there some advantage to owning a web based company, where your hours are not traditional?
Michael: I think so. We have an employee in California. Today we’ve been able to do a lot with very few people. Ten for us is actually quit a big number. For the first two years it was much smaller than that.
Shaun: Why did you start the company?
Michael: In a very basic sense, we started the company because we felt there was a real lack of actionable data for consumers, when it came to residential real estate. (more…)
The world at large is flattening and our mechanisms of communication have evolved. Not since the Alexander Graham Bell era, more than 130 years ago, have we seen this extent of innovation. The internet has allowed pioneers to navigate through unchartered territories. Lockhart Steele is one of those pioneers. In a few short years he has created Curbed.com, which has become one of the leading industry (and non-industry) related blogs. Love it or hate it, you can’t ignore it. I sat down with Lockhart in West Soho and discussed his creation, opinions and vision.
As marketing and selling evolves and campaigns to sell real estate become more sophisticated, there are some projects that miss the mark and detract from the value of the project, and there are others that over reach and help a project exceed its intrinsic market value.
Walking into Pandiscio Co. gives credence to the old saying “if you want to get something done, ask a busy man.” With 14 real estate projects under their belt in only four years, Pandiscio Co. is in the business of turning properties into valuable new brands (or reinvigorating old ones).
I sat down with founder Richard Pandiscio at his headquarters in the Meatpacking District to discuss his pioneering work in real estate branding.
Trends in real estate, lifestyle, art, and fashion are largely expressed through the media. Print media has the power to communicate who we are as a community and culture. It helps guide our perception and influences our methods of marketing. It has the ability to educate consumers and shape ideas.
Jason Binn is the CEO and Founder of Niche Media. In a short 15 years, has made it one of the most prominent and powerful publishing companies in the United States. As such, he is a pioneer that has helped bring thousands of people together.
The recent brisk real estate environment has seen many young developers enter the development arena, trying to make a statement (and a profit). Some have succeeded more than others. Some have a vision and a drive more powerful than others. Alex Sapir has impressed me as one who’s passionate drive, vision, and tolerance for risk will set him apart from the rest. As President of The Sapir Organization, he is currently developing downtown Manhattan’s two most iconic and largest projects. We met for lunch in Soho and enjoyed a conversation about a number of topics. I hope you find his ideas and story as compelling as I do:
I am starting to see more people consciously aware of environmental issues worldwide. There are more hybrid cars on the road, and the stores I shop at have “environmentally friendly” products widely displayed. How does this translate into the way we buy and live inside our homes? Marketing companies and developers are starting to advertise the fact that their buildings may be “green” or LEED certified. I believe that this trend will grow. As technology evolves, green living will become more efficient and become both environmentally and economically preferable. But, there are shades of green and it is not simply black or white. I was fortunate to sit down with Ashok Gupta who is Senior Energy Economist with the Natural Resources Defense Council. He is actively involved in all aspects of green buildings on a daily basis and is incredibly insightful on this subject.
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