Commercial Sales Up 8%

LandmarkSignatureThe commercial real estate market continues to rebound, with sales volume rising 8 percent in the fourth quarter compared to a year ago, according to the latest Commercial Real Estate Quarterly Market Survey by the National Association of Realtors®.

Sales prices rose 1 percent on a year-over-year basis, according to the report. Capitalization rates averaged 8.7 percent during the fourth quarter.

The commercial Realtors® surveyed reported the most significant concerns for the sector were the pricing gap between buyers and sellers, followed by the lack of available inventory and financing. Financing had topped the list of concerns for the past several years, but its drop to third place signals a shift in market conditions, according to NAR’s Economists’ Outlook blog.

Landmark Group can help you with the purchase or sale of residential, commercial, multifamily and commercial properties. Just give us a call.

Thanks,
Dave Paladino
402.553.8111
davepaladino@landmarkmg.com ■ www.landmarkomaha.com

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Multifamily Dominates New Construction

LandmarkSignatureThe number of new homes being built as rental apartments has reached its highest point in 40 years, according to census data. Rental demand is high, as tight lending standards and muted wage gains continue to sideline many households from buying homes, The Wall Street Journal reports.

Typically, residential construction growth is driven by single-family homes. Last year, construction began on less than 1 million new residential units, and about one in three of those was a rental in a multifamily building, according to census data. Single-family homes accounted for about two-thirds of housing starts last year, a drop from about 80 percent in the years leading up the recession, according to the data.

Jordan Rappaport, an economist at the Federal Reserve Bank of Kansas City, predicts that by the end of the decade, single-family home construction will reach around its pre-housing boom levels of about 1.3 million new homes a year. Multifamily units are projected to increase to an annual rate of 550,000 new units a year – about double today’s rate.

Landmark Group can help you with the purchase or sale of multifamily or single family rental units. Just give us a call.

Thanks,

Dave Paladino

402.553.8111

davepaladino@landmarkmg.com   www.landmarkomaha.com

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Some Rents Set by Priceline Model

As rental housing demand continues to surge, more landlords are testing out dynamic pricing to figure out what to charge tenants based on real-time supply and demand – adopting a software system similar to how Priceline.com determines hotel rates and airfare, CNNMoney reports.

Landlords use real-time supply and demand to determine what to charge tenants. Therefore, when demand for apartments is high, the software will advise the landlord to raise rents on vacant apartments. In turn, when demand drops, the software will suggest lowering rent rates. The software automatically lowers the rent based on day-to-day market conditions until a tenant takes the apartment.

Dynamic pricing is used to determine the rent of some 5 million apartments today, says Andrew Rains, president of the multifamily division at Rainmaker Group, a company that produces one of the software packages most widely-used by landlords to determine prices.

“When pricing is done manually, emotion enters into it,” says Rains. He adds that the software also helps avoid overpricing units that can lead to vacancies and steep losses for landlords.

Managing rental properties, with or without specialized software, can be time-consuming and tedious. Landmark Group manages hundreds of rental properties. Can we help by managing yours?

Questions? Give me a call.

Dave Paladino

402.553.8111

davepaladino@landmarkmg.com   www.landmarkomaha.com

Visit us on the web at www.landmarkomaha.com

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We Need Your Help!

LandmarkSignature

We Need Your Help!

Landmark Group and its family of companies is a rapidly growing, dynamic organization. And with growth comes challenges and opportunities.

The challenge right now is finding the right, bright and valuable people who can help us manage our expanding horizons. And that’s where you come in. Perhaps you, or someone you know, would fit into the culture of our companies.

Primarily we need people who know and understand construction and renovation. We have positions available for property managers and assistant property managers, and these employees need a working knowledge of construction. We also need technicians for such things as appliance repairs, HVAC work and the like. And we need people to work in administration and accounting.

Our companies are involved in real estate sales, property management, development, rental storage, construction and renovation. Our companies include Landmark Group, grncompanies and Dino’s Storage.

We’re asking you to help us build on our excellent team with new long-term employees who enjoy a fast-paced, active situation.

Give me a call, or ask someone you think might fit our needs, to do so!

Thanks,

Dave Paladino

402.553.8111

davepaladino@landmarkmg.com   www.landmarkomaha.com

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Grow Omaha Broadcast

World Group Logo

February 1, 2014 I co-hosted the Grow Omaha Broadcast with Trenton Magid. Today on the show we talked about World Group, the Chamber of Commerce, changes in Bellevue, and about myself. Saturday mornings broadcast was the 500th show and it was an honor to be able to co-host it. Some of you may be asking what Grow Omaha is let me tell you. By listening to Grow Omaha you will hear ideas of how to make money and possibly come up with your own, it is sponsored by World Group and the Greater Omaha Chamber of Commerce. This show was started ten years ago in January of 2004. Omaha natives know that even though Bellevue is on the maps it is just a suburb of Omaha just like Elkhorn, Papillion, La Vista, and Ralston. Technically these are all cities, but the Omaha limits are expanding and everyone just considers them a part of Omaha.

Bellevue however is in the process of ‘remodeling’ you could say. They are getting a new city hall and police station on top of Stratcom getting remodeled. This is great for Bellevue because I believe that tearing stuff down is where the opportunities are. Some interesting facts about the new and improved Bellevue are: the police station will be occupied by May, city offices of public works and public safety are making the big move to wall street, Twin Creek is turning into an ‘eat at your seats’ theater, like the one in Midtown, and many other opportunities to expand and help Bellevue grow are out there (mainly the Twin Creek and Fort Crook areas).

Now a little bit about myself. I was born in Norfolk, but grew up in Omaha. The Super, my television series ran for two seasons. It is currently on hold while we search for a network that will air the show. Trenton did not think that it shed positive light on Omaha, but the show is really focused on being a landlord. When you are a landlord and the different situations that you run into. My most well-known business is Dino’s Storage. We have one location up in Winnipeg, Canada; three out in Des Moines; and the rest throughout the Omaha Metro Area. When it comes to storage facilities there are rules and regulations that we have to follow. A couple of those are: storage buildings can only have four floors. and there is a height limit to the build or 45 feet. I am very involved with my church and the Boy Scouts and I love to workout.

Other things that we talked about on this show were some pros and cons of using public money. Yes, it is nice to have other people pay for your ideas, but eventually someone has to make up for that gap. Chick Fil A has become very popular in Omaha and they are trying to get a permit for a building on 175th and West Center. When I hear mixed use I think about a space that has shopping, living, and businesses. A couple of places that are very close to this term are Aksarben and Midtown Crossing, but the perfect place for this would be out at the new outlet mall.

If you would like to hear the rest of the broadcast feel free to follow the link below:

<http://www.kfab.com/media/podcast-grow-omaha-GrowOmaha/grow-omaha-2114-24285817/>

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Generations in the Workplace

As part of my networking strategies, I attend Omaha Morning Rotary. We meet Tuesdays at 7am at Happy Hollow Country Club.  Lisa was a speaker this last week, and I asked her to write a guest blog.

 

Generations in the Workplace.  Let’s Stop All the Name Calling!

Lisa Lackovic-Endicott Clay Products LLC, Fairbury, NE

 

There is a lot of name calling going on in the workplace these days.  You can hear the seething words whispered under the breaths of seasoned employees …“Slackers!”  And the harsh words of criticism coming from entry level young professionals…“Old Farts!”  Yes, it’s true.  What we have here is a failure to communicate. 

For the first time in history, there are four generations in the workplace…and we don’t always see eye to eye.  Every generation comes with its own set of rules, values and perspectives that have developed as they matured.  According to the Society for Human Resource Management, 40% of Human Resource Managers reported conflicts due to “generational differences.”  The first complaint is Work Ethic.  You can hear it now from the 55 year old Boomer:  “He comes in late and leaves early every day!  He needs to get his priorities straight!”  The second most heard complaint HR Managers report is Work-Life Balance.  Can you hear the 35 year old Gen X? “I can get so much more work done from home on my own time!  Why do I have to report every morning at 8 and stay until 5?  I don’t need a babysitter!”  And the argument goes on and on.  These differences can negatively affect a company in many ways including miscommunication, low morale and poor productivity.

Once we understand each generation’s values and perspectives, communication becomes much easier.  Once we begin to communicate, morale will improve in the workplace. Let’s review some of the characteristics of each generation. 

Traditionalists: Born 1925-1945

  • Conservative
  • Fiscally responsible
  • Respect authority
  • Dependable
  • Loyal
  • Patriotic
  • Experienced the Great Depression and World War II

This generation is also referred to as the Silent Generation because they did not question authority.  They did what they were told and did not ask questions.  There are 68 million Traditionalists.  Many have retired now but the company they worked for still defines them. 

 

Baby Boomers: Born 1946-1964

  • Ambitious
  • Materialistic
  • Grew up in a time of affluence and privilege
  • Believe in the American Dream
  • Don’t want to grow old
  • Vocal 
  • Experienced Social Change: Woodstock-Beatlemania-Vietnam

This generation is 78 million strong.  Early Boomers, born 1946-54 are referred to War Babies because they were born after the end of World War II and loudly protested the Vietnam War.  Late Boomers were born 1955-64 are referred to as the Me Generation and Generation Jones due to their interest in an upscale lifestyle and living beyond their means to keep up with their fellow Boomers. Their career defines them.

 

Gen Xers: Born 1965-1980

  • Techno savvy
  • Educated
  • Multi taskers
  • Life – Work balance
  • Skeptical and untrusting of authority and want access to information
  • Independent -Don’t want to be micro managed
  • Entrepreneurs: Xers created Google, Yahoo, Amazon, YouTube and Wikipedia

This generation is also referred to as Baby Busters since there are only 48 million of them.  Many spent a lot of time alone as latch key kids and prefer to work independently.  Gen Xers watched their parents get divorced and/or downsized and refuse to let this happen to them.  They put family first and will not compromise their personal beliefs for a company.  They will go direct to the upper management if they have an issue. Their technology defines them.

 

Generation Y:  Born 1981 – 2000

  • Protected, pampered, privileged
  • Confident
  • Non-confrontational
  • Sense of entitlement
  • Environmentally concerned-frugal
  • Strong morals
  • Diversity is accepted and expected 
  • Social Networking –Facebook, Twitter, LinkedIn, Blogs, Skype
  • Techno Teenpreneurs – Instagram, Snapchat

Generation Y can also be referred to as Echo Boomers because their parents are most likely Boomers.  They are the largest generation with 80 million just waiting to move up in the company.  Their parents did everything possible to make their lives comfortable and many expect the same lifestyle.  They are also called Boomerangs because of the trend for many to live at home due to financial burden they may have experienced with college loans and the high unemployment rate.  They work well in groups due to their experiences in school and sports. Their cell phone defines them.

 

So now that we have insight to the four generations in the workplace, it is understandable that many struggle getting along with such unique backgrounds and interests.  What can you do to open the lines of communication with your coworker and create a better working relationship?  Find common ground.  Keep the company goals in mind and have some fun.  Take interest in the different generations and ask questions about their hobbies or family. If you want to light a fire with a Gen Y…ask them about their cell phone or the latest application they have downloaded.  If you want to connect with a Traditionalist, ask them about the company history.  They are a wealth of information.  Boomers will love to share their career story and how the workplace has changed over the years and Gen Xers will have several suggestions on technology that will make the workplace better.

 

Each generation brings something to the table.  We all have talents and ideas that should be heard and respected.  It is time we embrace the fact that every company has different generations that are valuable to the bottom line.  Once we accept that we are all on the same team, we can achieve success in the workplace…without all the name calling.  After all, Generation Z is only a few years away from joining us at the conference table…

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Dino’s Storage in Winnipeg, Manitoba

SAMSUNG CAMERA PICTURES

If you are a frequent reader of my blog, you probably know I own a storage facility in Winnipeg, Manitoba, Canada. The name of the storage facility that I own is called Dino’s Storage, its on 1569 Orange. This is right at the intersection of Dublin and Notre Dame in Winnipeg.  It is about three miles west of downtown Winnipeg. As you can see from the picture Dino’s Storage is by far the tallest storage facility in Winnipeg.  The building used to be a grain elevator and has an eight story tower and on three sides of the tower it has Dino’s Storage.

As you are also aware I am am born again Christian, which is the subject of a blog by itself, and as part of my belief to share my faith I put quotes from the Bible on large changeable copy boards on all of my buildings. We are excited about the reader board in Winnipeg. Our board is up and we are about to start putting up the wording in the next two weeks.

This trip to Winnipeg has been one of the longest business trips I have been on and it has given me a lot of opportunity to get to know the Canadian culture better.

1. People from Omaha and the Midwest don’t embrace the cold enough. It’s colder here than the Midwest by about 30 degrees, but people are out in it full force.  They are even walking down the streets. People in Winnipeg just love the outdoors more than we do.

2.  In Omaha, we are just not pedestrian enough, by this I mean we simply do not walk enough, look at myself. I live just 12 blocks from work but I rarely walk.  I am not the only one. Too many Omahan’s try to walk less just by parking closer to the door when they go to their favorite big box store.

2. Enjoy the snow. We don’t get much in Omaha, so we don’t see it as much. The snow is beautiful, you don’t really realize it when you don’t get that much. Here in Winnipeg there is so much, they cannot completely remove the snow from the streets.

3. Take time to Chat. While working at Dino’s Storage in Winnipeg, I have had a lot of contractors stop and one of them was from Israel. As you know Israel is an amazing country. It is the home of Abraham, David and Soloman.  He had a lot of interesting things to say, I wish more people from the Midwest took time to chat. Namely me.

4. Be overly pleasant. I think this is simply not done in the Midwest, we are simply not as pleasant as the people here in Winnipeg.

5. Kerosene and diesel can be intermixed. I had no idea. I have a piece of equipment we have been using at the Dino’ Storage in Winnipeg and when I looked close on the directions, it’s made to take kerosene. You can also put diesel in it, I had no idea.

6.  I have an accent.  When I was at the Center for Real Estate at MIT in Boston, people told me this but I some how forgot. Since I have been working in the office at the Dino’s Storage in Winnipeg, several people tell me I have a very pronounced accent.  I think its kind of cool.

7.  The Canadians have a much more secure of the way credit cards are used. Some examples:

A. When you are at a merchant the card never leaves your site, they bring the               terminal right to your table if you are at a restaurant.

B. The cards have a microchip in them that must stay in the machine while you use a pin number.

 

 

 

 

 

 

 

 

 

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Population Breakdown

population

The market crash of 2008 had a severe impact on our economy. In that year and the years to follow the housing market was not doing very well. Today the demand for houses and lots to build on is more than the supply. In order for a lot to be ready for a house it takes over a year to have everything installed and pass all of the inspections. From 2009-2011 the number of multifamily permits was about half (677) of the 15 year average (1300). Silent generation was born between 1925-1945. There are about 35.2 million which is 11% of the population. Baby boomers were born during 1946-1964. They have 80.3 million people alive which is 25% of the population. Generation X was born between 1965-1979. They have 40.9 million people which is 13% of the population. And last but not least we have the millenials (generation Y, echo boomers) who were born from 1980-1999. There are 86 million of them which is 27% of the population. millennialemploymentBaby boomers drove the economy from the 1980′s through the 1990′s, then the millennials took over and will have a significant impact on future spending. Millennials were born between 1980-1999 and it is forecasted that there generation will spend $2.45 trillion by 2015 and $3.39 by 2018. One reason for this is because the unemployment rate continues to drop and as that happens more young adults are packing up and moving out of their parents houses and into a place of their own.

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Loving Your Employees

employee love
Eight ways you can show your employees that you love them are:
1)Be patient with your employees
Try to not get frustrated when an employee comes to you with a problem. You are the boss and therefore
you are there to help them. Everyone is different and learns in different ways and at different speeds,
so you just have to be patient.

2)Be kind to them
Never be rude because that does not get anybody anywhere. A happy boss gets better reactions and more
involvement from employees than a miserable or bossy one.

3)Do not be proud
Never be proud of your accomplishments. Always promote and be happy for your employees. You have already
succeeded by being the owner of your business, so now it is time to recognize the people who help keep
it up and running.

4)Do not be self seeking
This kind of goes back to the third one (do not be proud). As I just covered you have already
accomplished a big hurdle, so instead of always worrying about yourself and what you can do better
focus on your employees.

5)Do not keep track of mistakes employees make
When someone keeps track of the mistakes another makes they are only remembering the bad that person
does. Instead you should keep track of the good things your employees do and give them recognition for
it.

6)Help to elevate what is truthful. Champion truth above all else
It is important to not lie, even those little white lies. Yes everyone tells them, but we need to stray
away from that horrible habit. Humans should get in the habit of telling the truth. When someone is
being truthful they are also being respectful. And when someone is being respectful more people like
and want to be around them.

7)Protect and side with employees
The restaurant industry is a perfect example of a boss not following this rule. In this business there
is a saying that “the customer is always right”, but in fact that is NOT the case. This is definitely
not always the case. There have been many times that a customer is wrong, but they do not like to
admit it. In the restaurant industry a manager will do whatever possible to keep the customer happy
even if that means upsetting or possibly losing the employee.

8)Always be helpful
Being helpful can mean many things. Don’t just sit there and be a push over, but it is okay to steer
your employees in the right directions. When someone comes to you for help you may be able to give
them the answer or in some cases you might want them to figure it out on their own. If they are to
figure it out on their own it is okay to give them helpful hints to push them in the right direction.

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MultiVitamins

http://drudgegae.iavian.net/r?hop=http://www.cbsnews.com/news/multivitamin-researchers-say-case-is-closed-supplements-dont-boost-health/

Most Americans take multivitamins because the media tells them that the vitamins will help with their health and they will get sick less often. Doctors have done three studies and the results have all come back the same. There has been no evidence that taking these vitamins are beneficial to adults who take them. Some doctors are even saying that these vitamins may actually be harming people who take them. “Consumers are now being urged to ‘stop wasting their money’ on things that won’t protect you in the long run.” If these vitamins did reduce risk factors it would be very beneficial to the public.

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