Thursday, November 13, 2008

Upgraded Space = Upgraded Productivity

Have you ever worked in an office environment that felt like a cave, or had no natural light, or had plain drab colors everywhere you looked? Did you notice a tendency to being more tired or stressed in the atmosphere? I know that I have! What a lot of new studies have shown is a work atmosphere makes a huge difference in productivity. I read this great article in Utah Business Magazine this morning entitled "Office Deluxe" written by Sarah Ryther Francom. It discussed how a company could increase its productivity, decrease its turnover, and create a more positive corporate image by upgrading its work environment.

The article quoted Pamela Ballo, business coach at Thrive Living, she discussed the importance of fitting your office to your employees. “Companies that want to be competitive and keep their [employees] have to be flexible and have a positive culture...Work hard to create an environment and culture that actively supports your specific workforce,”.


Francom discussed two ways to make this happen. First was to "Lighten Up". This was accomplished in two ways. First by bringing brighter colors into the work area and more light, preferably natural light. Second was to update the decor, new furniture or even knocking down some walls to give a more open feeling.

The second way was to "Keep it Sizzling" or "Work hard play hard". The article discussed how employees are going to take mental breaks if you give it to them or not, so why not provide an atmosphere that will allow employees to de-stress!

Francom ended the article by discussing the cost advantage in revamping an old, ad equated work environment. She made this point by highlighting the cost of losing key employees and how that can far exceed the cost of a couple buckets of paint or as large an expense as new furniture!

To read the articles in full follow the link below:

http://utahbusiness.com/issues/articles/7583/2008/11/office_delux
PS. You may have to sign up for a membership.

Tuesday, November 11, 2008

NAI Global Forms Venture with Bluestone Real Estate Capital

NAI Bluestone to Assist Lenders, Property Owners in Credit-Starved Property Markets

NAI Global, the world’s premier managed network of commercial real estate firms and one of the largest real estate services providers worldwide, announced today the formation of a new venture with real estate investment banking firm Bluestone Real Estate Capital to provide creative financing solutions tailored to today’s challenging financial markets.

Bluestone Real Estate Capital is a real estate investment banking and advisory firm that specializes in arranging debt and equity financing for private and institutional property owners, developers and investors in major markets throughout the U.S. The company completes over $1 billion in transactions annually with a client roster that draws from leading institutional capital providers.

NAI Bluestone Real Estate Capital will work with lenders, property owners and investors to arrange debt and equity financing for commercial real estate assets. The NAI Bluestone team will also leverage their extensive experience working with banks and financial institutions to provide asset recovery strategies for non-performing and underperforming real estate assets, including asset evaluation, repositioning and disposition of properties and loans.

NAI Global President & CEO Jeffrey M. Finn and Bluestone Real Estate Capital Chairman Matthew McManus, said NAI and Bluestone joined forces in response to an urgent need for these services as the economic correction and credit crunch that started in the residential sector continues across most commercial property markets. The market today has become gridlocked with credit-starved property owners in desperate need of financing and lenders overwhelmed by problems in their existing loan portfolios.

“The turmoil in today’s capital markets has had a tremendous impact on lenders, who need help working through problems in their commercial real estate mortgage portfolios, and property owners and investors who are having trouble finding the financing they need for existing projects as well as new investments,” said NAI Global’s Finn. “Bluestone’s capital markets expertise dovetails nicely with our Asset Optimization practice and Accelerated Marketing Program, creating a debt and equity financing, asset disposition, repositioning and loan sale practice that is in high-demand in today’s market.”

“Bluestone is focused on providing innovative solutions to lenders who are facing one of the most difficult periods in commercial real estate history,” said Bluestone’s McManus. “NAI Bluestone combines NAI Global’s local market expertise and global reach with Bluestone’s commercial real estate debt and equity financing capabilities, creating a service offering to meet property owners and financial institutions’ immediate needs.”

NAI Bluestone is based in Philadelphia, PA, and works through NAI Global’s managed network, which includes over 5,000 professionals and 325 offices in 55 countries. NAI professionals complete over $45 billion in transactions annually.
Posted at 02:30 PM in

Commercial Real Estate, In the News, Investment/Capital Markets, Market Trends