“The Most Interesting Thing I Saw in DC”

Dear El Cardinale’,

I see from your Twitter feed that you are in Washington, DC for the SIOR Spring Global Conference. I wish I could have gone. What’s the most interesting thing you’ve seen?

– Wishing I Was in Washington

Dear Wishing,

Industry meetings like this are always a great opportunity to catch up with old friends, meet new ones, and learn new info. I heard a very interesting presentation by Dr. Joe Coughlin who leads the Massachusetts Institute of Technology AgeLab. He spoke on the “longevity economy,” and you’ll hear about this in a future newsletter.

However, one of the most interesting things I’ve seen on this trip was the massive building that is being turned into Jeff Bezos’ private home (see a picture I took below.) He bought the former Textile Museum for around $23 million in 2017 – the same year Amazon announced it was looking for a second HQ.

To me, this screams that the decision was already made, regardless of incentives that would be offered. And it’s a reminder of why Charlotte should keep an eye out for companies led by executives who enjoy being close to a great game of golf!

Real estate transactions can be fraught with frustration and pitfalls.

Sometimes the hardest part turns out to be working with your broker, the person who is supposed to help you through the complexities. Veteran commercial real estate broker and client advisor John Culbertson discovered that brokers’ interests aren’t always aligned with those of their clients. He realized there was a better way to advocate for clients and get the deal done.


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