Confessions of an economic hitman // Real Estate Space #68

Stephanie Hughes is a Toronto-based research writer and freelance  journalist with a focus on business news and the financial markets.   https://stephaniehughesjournalism.com/   In this episode, Stephanie Hughes and I recap on an episode we recorded  that was scheduled for release in March, but feared it would be lost in  the Covid-19 media attention. So, we expanded on the original  conclusions, created this follow-up episode, and decided to release both  pieces of content. Original episode: https://anchor.fm/brickandmortar/episodes/006-Stephanie-Hughes-The-Retail-Post-Apocalypse---Fallout-Scenarios-ecbin6

5 Huhti 202042min

Stephanie Hughes a Toronto-based research writer and freelance journalist with a focus on business news and the financial markets. You can find her online at https://stephaniehughesjournalism.com/ (all social media links are available there). Stephanie & I recorded this episode earlier in the year prior to the year with the intention of releasing it in late February/March, but I feared that it would get lost in the media attention that covid-19 was getting. As a result, we released a sister-episode of the new coronavirus themed series "Covid-eo Chats", which will be posted shortly. The two episodes really give a great context on the state of retail prior to coronavirus and the risks and potential scenarios that could arise as a result of it.

5 Huhti 202058min

Mickey is a real estate agent in the GGHA market, with a keen eye for market trends, and a strong background in sales training. Mickey was raised in a real estate household just as I was, so we talk a lot about that, and how we're dealing with the changing marketplace from a sales perspective - keeping transactions going and the pipeline full without getting too Mikhail (Mickey) Malik on Linkedin: https://www.linkedin.com/in/mikhail-malik-50bb0b47/

3 Huhti 202042min

Rahul Faria is an absolute all-star in the construction space. When he interacted with my content with Adam Darvay, I was excited to have a conversation with Rahul as soon as I saw his linkedin page. We speak about the 2-week pause his company is taking, the challenges facing the restaurant and hospitality space, and the instant necessity that's arrived for collaboration among professionals to weather the storm of covid-19. His experience speaks for itself, so I'm going to paraphrase the "3 C's" he posts on his linkedin page below: Collaboration, Clarity & Craftsmanship. After 12 years of gaining considerable experience with large & small construction firms - I created a firm with the these 3 C's as the foundation. While managing renovations and new builds with maintaining delivery timelines and budget area are significant, there really is no greater satisfaction of a successful project that the collaborative effort with all parties - clients, consultants, subcontractors and our team. With a focus on clarity we are able to give not just our clients, but our entire team of trades, the confidence to execute through every step of the project with a level of craftsmanship that has enables a lasting experience.

2 Huhti 202048min

In this episode, I speak with Eamonn McGuinty, a colleague who I met at the University of Guelph. Eamonn is a regular contributor and go-to personality for agriculture-related inquiries in the world of media and finance. With career travel plans were interrupted by Covid-19, Eamonn has become keenly aware of the role that the virus is playing in the global marketplace, and is uniquely qualified to discuss a number of items that we dive in to (timestamps will be added below)

1 Huhti 20201h 1min

"I have completed a diploma in Police Foundation (Seneca College) and a Bachelors degree of Disaster and Emergency Management [BDEM] (York University). During my studies I was a participant in Summer Company, a young entrepreneurial program in which I built my first successful company. The program and the company has taught me that growing organically means networking and more importantly sales. After creating a solid foundation in sales through my business I have decided to devote my career to sales and strategic partnerships. I believe I have the right attitude, personality and consistent performance to be an irreplaceable asset to any organization. I have become outstanding in sales, communication, organization and I have a tremendous ability to strategically place myself in a leadership role in all environments." Reach Joey on Linkedin: https://www.linkedin.com/in/joey-garnet-33020562/?originalSubdomain=ca

30 Maalis 202029min

In this chat, I speak with Jake Ringwald about the impact of Covid-19 on one of Canada's most treasured asset classes: multifamily housing. We discuss the abrupt pause to price growth that could occur, despite the stimulus and interest-rate cuts. We weigh in on the spectrum of variables that impact the valuation of real estate, comparing multifamily with other asset vulnerabilities that have appeared as a result of coronavirus. Jake Ringwald is an experienced associate with demonstrated history in the commercial real estate industry. Previously working at JLL, Cushman & Wakefield, and RKF, Jake brings industry leading experience to the team. Jake takes pride in providing clients with market and industry insights to expedite the commercial real estate transaction process. 8:15 - potential for declining rents 10:00 - new household formation 13:50 - building stronger relationships through client comfort 18:00 - sunk-cost bias risk on rent deferral 25:00 - ghost hotels as a supply-shock threat Reach Jake on linkedin https://www.linkedin.com/in/jake-ringwald-38809096/

30 Maalis 202043min

Adam Darvay-Canavor is a recruiter in the construction space, with a sense of compassion that extends to the human capital he works with.     Adam's past as an entrepreneur in building materials has given him the creativity and tenacity to overcome the challenges that Covid-19 has brought to the hospitality and construction industries.  Adam speaks about how organizations and individuals can overcome the difficult imbalance that coronavirus has brought to the real estate, construction, and hospitality industry. I hope you enjoy this episode as much as we enjoyed making it.

30 Maalis 202048min