Tag Archives: CRE

US ARMY Corps of Engineers refers to my Platform for Commerce

banner james carlini - Carlini's CornerBy James Carlini

A pragmatic, visionary perspective —–

In their latest Handbook, “Infrastructure and the Operational Art”, the US ARMY Corps of Engineers refers to my “Platform for Commerce” as a definition of infrastructure and economic growth in the first chapter .

This definition was first developed and submitted in a white paper to the US Department of Homeland Security in 2009.  Later, I presented it at their conference, Workshop on Aging Infrastructure at Columbia University in New York.  It was expanded and refined in my book, LOCATION LOCATION CONNECTIVITY (2014) available now on AMAZON. (386 pages discussing next-generation real estate, intelligent infrastructure, technology (Smartphones, WiFi, DAS, and 5G Networks), and their combined impact on regional economic development.)

Recognizes Carlini's Platform for Commerce

Recognizes Carlini’s Platform for Commerce

PLATFORM FOR COMMERCE

A new way to look at the framework of infrastructure and its impact on regional economic development and regional sustainability. Layers of infrastructure have been around for over 5,000 years.  Infrastructure has always been built to expand trade routes and increase economic development by expanding commerce.

Starting with the Egyptians and Phoenicians building docks and ports to facilitate shipping goods to different cities on the Mediterranean to the Roman Empire building roads and bridges to move their Army to conquer distant lands. All of this led to the expansion of trade and new markets.

At the end of the Civil War in the United States (1865), the railroads became a big part of the next “Layer of Infrastructure” to increase trade routes and expand commerce in the United States.

Restricting the development and use of infrastructure can stagnate a whole local economy (As evidenced in St. Louis’ decision to restrict the Railroads after 1865 in favor of the riverboats serving their city only – see chart.)

How a bad infrastructure decision stagnated a city's economy

How a bad infrastructure decision stagnated a city’s economy

The phone was invented in 1876 and electricity came shortly after adding more to the fabric of the infrastructure facilitating more trade and trade expansion.  The airplane invented in 1903 became more commercialized after World War I and created a new layer of infrastructure by establishing new trade routes by air.

Today, trade routes have become electronic with Broadband Connectivity (the Internet) and new approaches to the expansion of global commerce and expanding regional economic development have been initiated.

In 150 to 200 years, we will have Interplanetary Commerce with goods being shipped via “Space Trains”. Imagine ore and other strategic, raw materials being shipped in a large space vehicle or connected “space freight” vehicles from Mars to Earth.  Some materials needed for various nuclear reactors and other applications are more in abundance on Mars.  Again, infrastructure develops new trade routes and new trading partners.

This was the concept and framework behind the Platform for Commerce.

Before we can move forward in developing new technologies and new business applications, we need to get everyone on the same page in defining the framework for infrastructure and realizing a standard “Platform for Commerce”.

CARLINI-ISM : “Leading-edge countries will not maintain their position with trailing-edge infrastructure.”

HIS VISIONARY BOOK AVAILABLE AT AMAZON –
http://www.amazon.com/LOCATION-CONNECTIVITY-JAMES-CARLINI/dp/0990646041/ref=sr_1_1?s=books&ie=UTF8&qid=1417203910&sr=1-1&keywords=location+location+connectivity

AND BARNES & NOBLE
http://www.barnesandnoble.com/w/location-location-connectivity-james-carlini/1120585793?ean=9780990646044

Follow daily Carlini-isms at http://www.TWITTER.com/JAMESCARLINI
Copyright 2015 – James Carlini

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DIGITAL WALLETS VS. CREDIT CARDS IN NEXT-GENERATION REAL ESTATE

banner james carlini - Carlini's CornerBy James Carlini

A pragmatic, visionary perspective —–

This article is an excerpt from James Carlini’s upcoming presentation at the Windy City Summit in Chicago next week:

.Digital wallet applications are opening up a whole new retail experience for shoppers as well as the retailers themselves. Plus, the approach is more secure than traditional credit cards.

Credit cards are becoming obsolete as new approaches using Smartphones and their NFC (Near Field Communications) chip technology become part of the mainstream customer transaction experience. With Smartphones, other demographic information can also be collected real-time and used in a cross-marketing effort to capture the lost customer in multi-venue environments (i.e. attendees at a convention center are sent eCoupons or eDiscounts from other surrounding venues like restaurants or bars to have them patronize them after hours rather than going to a venue outside the immediate convention center area).

With the explosive change of edge technology going from desktops and laptops to Smartphones and tablets, new approaches to in-store customer transactions must be designed and implemented in all next-generation real estate.

Next-generation real estate includes: Intelligent Buildings, Intelligent Business Campuses (IBCs), Intelligent Industrial Parks (IIPs), and multi-venue Intelligent Retail/ Entertainment/ Convention centers (IRECs).

New digital wallet (or mobile wallet) capabilities including Apple Pay, MCX (Merchant Customer Exchange) and other mobile applications are being built up right now to support transactions initiated by the retail customer for purchases in all retail establishments.

The old phone company’s “Let your fingers do the walking” ad which focused on using the Yellow Pages has been replaced with, “Let your fingers do the buying” on your Smartphone.

Some people are looking at credit cards becoming a thing of the past as they see the power of their Smartphone taking on the capabilities to do all retail transactions without opening up their wallets or purses.

Most large retailers see the shift as well and are already supporting the MCX platform which will facilitate Smartphone retail transactions.

Banana Republic, Bed Bath & Beyond, Best Buy, Conoco, CVS, Dillard’s, Exxon-Mobil, GAP, Hobby Lobby, K-Mart, Kohl’s, Lowe’s, Rite-Aid, Sears, Shell, 76, Sunoco, Target, Wal-Mart, Wendy’s, and 7-Eleven, are just some of the retail partners already involved in this endeavor which provides a free, downloadable app that includes the facilitation for merchant loyalty points for rewards.

CAPTURING THE LOST CUSTOMER
The concept of creating a Virtual Resort (using WiFi and DAS Networks) will be discussed as well as a pragmatic, cloud-computing framework to develop a new strategic approach to cross-marketing near-by venues and the gathering of real-time customer demographics in a Smartphone-dominated retail customer environment.

From the book, LOCATION LOCATION CONNECTIVITY:
To design one venue, like a stadium or convention center, requires a certain level of expertise to plan and implement a working solution. When you add several different venues (entertainment, restaurants, and retail) together into one complex, the need to understand the interrelationships which are going on and the potentials for cross-selling and cross-marketing as well as the overall changes in network traffic patterns and usage peaks is critical.

What are the benefits to the building owners of building an electronic “Virtual Resort”? This intelligent amenity provides a competitive advantage for the complex in enticing prospective tenants by offering added capabilities to insure their business’s success as well as providing a more enhanced experience to anyone visiting any part of their multi-venue complex. Instead of space being a commodity, these added intelligent amenities makes the location more valuable to both the owner and the tenant because the business tenant now has more electronic marketing (eCOUPONS, ePASSES, eDISCOUNTS) pushing people into his establishment than in a traditional real estate space. For the building owner, having this capability is a distinct competitive advantage which will attract a higher-caliber tenant and create higher occupancy rates.

This is economic development for the 21st century.

By attracting the potential customer to more venues, the revenues generated will be greater not only for the retailers but also for the municipality which will gain sales taxes that would have otherwise gone to some community “down the road.”

It’s a win-win-win situation for local economic development where customers get discounts and special promotions, retailers get more business, building owners have more successful tenants, and the community gets more in sales tax revenues.

A LOOK AT SECURITY DIFFERENCES
There are definite security differences between NFC chips (facilitating the digital wallet application) in Smartphones versus the RFID chips found in many major bank credit cards. (See Chart 1)

NFC vs. RFID CHIP - From LOCATION LOCATION CONNECTIVITY - James Carlini

NFC vs. RFID CHIP – From LOCATION LOCATION CONNECTIVITY – James Carlini All Rights Reserved.

As Smartphones and Tablets become more ubiquitous, demand for speed (for new apps) will increase and not go down. Some new installation endeavors (like stadiums and ball parks) have already shown they are under-engineered, so current engineering “rules-of-thumb” do not reflect actual demand.

We need to focus on strengthening the resiliency of networks as well as increasing their speeds.

As we move to 5G Networks in the year 2020, they will be providing some very high speeds to the average user (See CHART 2). Having more bandwidth available will accelerate the amount of applications that are feasible for customer service, video, high-definition video, social networking, and so many other Smartphone applications.

FROM LOCATION LOCATION CONNECTIVITY - James Carlini.  All RIghts Reserved.

FROM LOCATION LOCATION CONNECTIVITY – James Carlini. All RIghts Reserved.

CARLINI-ISM : “Those cities which keep horse-and-buggy taxes and penalties as one of their major revenue streams, will become economic ghost towns.”

HIS VISIONARY BOOK AVAILABLE AT AMAZON –
http://www.amazon.com/LOCATION-CONNECTIVITY-JAMES-CARLINI/dp/0990646041/ref=sr_1_1?s=books&ie=UTF8&qid=1417203910&sr=1-1&keywords=location+location+connectivity

BARNES & NOBLE
http://www.barnesandnoble.com/w/location-location-connectivity-james-carlini/1120585793?ean=9780990646044

Follow daily Carlini-isms at http://www.TWITTER.com/JAMESCARLINI
Copyright 2015 – James Carlini

CARLINI-ISMs: THE PASSION, FASHION, AND TRASHIN’ OF LEADERSHIP

banner james carlini - Carlini's CornerBy James Carlini

A pragmatic, visionary perspective —–

CARLINI-ISMs are personal pragmatic insights developed from years of experience that I have included in my book, LOCATION LOCATION CONNECTIVITY. Although it is a book about the convergence of next-generation real estate, infrastructure, technology, and their combined impact on regional economic development, it also provides a perspective on organizational leadership and team dynamics.

CARLINI-ISMs were developed to give guidance, common sense, and offer wisdom on everyday issues faced by corporate and organizational management.

HOW TO BECOME A BETTER MANAGER, OR IS THAT LEADER?

There are so many books at all the bookstores on Management, you would think that we would have much better leaders in all our organizations. Management of organizations is not leadership in organizations. There is a definite difference and in order to be a good leader of people, you need to focus on Passion, Fashion, and the true concepts of leadership.

PASSION (ACQUIRE THIS BEHAVIOR)

AT WORK, YOU NEED A SENSE-OF-URGENCY:  How many people work with an associate who is always talking, going around chatting and wasting time, and then at the end-of-the-day, telling everyone they did not get much done, so they have to stay late? This person is no martyr or hard-working team member. They need to focus in and do the job between 9 and 5.

PROFESSIONALISM IS NOT A DEGREE OR CERTIFICATE, IT IS A STATE-OF-MIND:  In my career, I have worked with some very professional people – who did NOT have degrees, but had a persistent focus on doing a good job. Others, who had supposedly Sterling credentials, were not worth a nickel. Don’t buy off on credentials. Buy off on performance.

ONLY PERFORMANCE IS REALITY. EVERYTHING ELSE IS JUST GLOSSY RHETORIC AND SLICK SLOGANS:  The former chairman of ITT, Hal Geneen, said it best:
In business, words are words,
Explanations are explanations,
Promises are promises,
But only Performance is reality.

FASHION (ACQUIRE THIS BEHAVIOR)

CASUAL DOESN’T MEAN HOMELESS:  When you are dressed sharp and professional, you act sharp and professional. When you go on an interview, they say many make up their decision on you in the first thirty seconds – that’s how much wearing the right apparel means in “getting the job”. Well what happened to that attention to detail when you are “on the job”?

Definitions on “what is casual” have become too loose to be of any help. To me, casual meant instead of a suit and tie, you wear a sport-coat with an open collar shirt. When the dress code falls to a ripped sweatshirt, torn jeans, T-shirts, and sandals, people seem to extend that casualness into their job performance. When you are dressed sloppy, your work becomes sloppy.

20140402_131910

DRESS AS IF YOU ARE RIDING IN THE CORPORATE JET – NOT AS IF YOU ARE HERE TO WASH IT DOWN:  Some will continue to argue that they feel more comfortable in casual clothes. Well, pick up the hose and wash the plane down.

TRASHIN’ POOR LEADERSHIP (DISCARD THIS BEHAVIOR)

YOU MANAGE RESOURCES, BUT YOU LEAD PEOPLE:  People don’t want to be “managed”, they want to be led. Managing someone can really turn that person off. Coming in and micro-managing someone does not get the best performance out of them. It gets resignation, indignation, and no loyalty to you or the organization. Stop “managing your people”.

YOU DON’T GET SUPERMAN BY PAYING JIMMY OLSON WAGES:  You don’t get $100,000 talent for $34,000 a year. AND, three people at $34,000 apiece does NOT equal the depth of talents and capabilities of a $100,000 a year person. When it comes to talent, you get what you pay for.

TALENT IS NOT A COMMODITY:  Some people think when you hire a person with a defined skillset (like a programmer or a carpenter), that skillset is the same across all people who have that skillset. It isn’t.

You have the First Stringers (people who are there everyday putting in consistent effort), Impact Players (who you can go to for an extra effort beyond a First Stringer), Second stringers (people who may show up everyday, but may not add too much everyday), Benchwarmers (people who claim they’re “on the Team”, but are nothing more than cheerleaders), and Slackers (people who find ways to get out of work, but spend most of their time telling others how much work they have done).

Go to any trade show vendor exhibit. The person with the golf shirt on that has the corporate logo on it may be showing he or she is “part of the team”, but the person with the suit on says, “they are in charge of the team.” We have enough team players out there. What we need are more team leaders.

CARLINI-ISM:  When you learn more, you earn more. Keep an open mind, especially when it comes to developing a leadership style.

HIS VISIONARY BOOK AVAILABLE AT AMAZON –
http://www.amazon.com/LOCATION-CONNECTIVITY-JAMES-CARLINI/dp/0990646041/ref=sr_1_1?s=books&ie=UTF8&qid=1417203910&sr=1-1&keywords=location+location+connectivity

BARNES & NOBLE
http://www.barnesandnoble.com/w/location-location-connectivity-james-carlini/1120585793?ean=9780990646044

Follow daily Carlini-isms at http://www.TWITTER.com/JAMESCARLINI

Copyright 2015 – James Carlini

COMMERCIAL REAL ESTATE: HOW TO MINIMIZE THE COMPETITION

banner james carlini - Carlini's CornerBy James Carlini

What amenity can a building owner or property management firm add to a building to eliminate 90% of their competition in today’s commercial real estate market? The answer: Broadband Connectivity.

This is not hype. This is not conceptual or theoretical. It is fact.

In performing research for a planning project I worked on while consulting to the DuPage Business Center, an 800-acre high-tech business park in Illinois, I found that searching for Class A space (20,000 square feet) in the surrounding area came up with a total of 60 available properties.

With that many properties offering space, it would be an easy time to get them to compete on price until the price per square foot was driven down to a very low amount. With owners hungry for a tenant, we could probably negotiate a year free on a five-year lease.

As soon as I added Broadband Connectivity (multiple gigabit speeds) to the upfront requirements for the tenant space, the amount of buildings available with that amenity dropped to five. That is over a 90% reduction in the amount of buildings available that could handle that type of request.

In that scenario, the building owner would not have to sacrifice dropping the price per square foot and could focus on more unique strengths of the property. End result: The property owner keeps up the profitability of the building and attracts the premium tenants.

20th CENTURY REAL ESTATE SOLUTIONS CANNOT SOLVE 21st CENTURY TENANT ISSUES
Hear that huge shattering sound of glass, steel and marble crashing down to the ground? That is the shattering of decades’ worth of commercial real estate concepts that don’t work anymore.

BLDG_FALLEN
The sad part is many in the Commercial Real Estate (CRE) market need to tune into this deafening thunder. The status quo has been shattered and shattered again by the implementation of WiFi. DAS and Smartphone networks into many venues. Commercial real estate needs to offer what was before a hoped for, that has become a “must-have”.

As I said in an earlier article: (http://onpurposemagazine.com/2013/02/20/defining-21st-century-real-estate-2/ )
Selling products and services into this 21st century integrated real estate environment requires an expertise in understanding multi-disciplinary skills and next-generation solutions. It is a multi-level sell when trying to promote new intelligent amenities for next-generation buildings, multi-venue entertainment centers, and intelligent business campuses.

Part of my book, Location Location Connectivity, deals with changing out Master Planning concepts. Areas of concern like power and network infrastructure services have become something to be added to the upfront planning of the property and not as some after-thought once the tenant signs the contract.

The reality is the tenant is NOT going to sign any contract unless these amenities are already present and available. When it comes to Master Planning, both power and network services have to be implemented upfront before any tenant will buy into the property.

WHAT IS IMPORTANT?
If you are into property management or ownership of Class A Buildings, do you want to eliminate the vast majority of your competition in today’s commercial real estate market? Start taking a look at implementing intelligent amenities before potential tenants require them and you have to do things in a crisis mode.

CARLINI-ISM: “When it comes to commercial real estate, those stuck with 20th century solutions will not be able to attract and maintain 21st century tenants.”

Carlini’s visionary book, Location Location Connectivity is available at Barnes & Noble. (The ISBN # 9780-9906460-44)
http://www.barnesandnoble.com/w/location-location-connectivity-james-carlini/1120585793

Copyright 2014 - James Carlini - All rights reserved

Copyright 2014 – James Carlini – All rights reserved

LOCATION LOCATION CONNECTIVITY – WHO HAS THE PLAN?

banner james carlini - Carlini's CornerBy James Carlini

At the HetNet Expo in Chicago on October, 16th, I asked a question to a regional Manager from Verizon at one of the morning panel discussions. I thought it was a good question, but did not elicit a good answer. This concerns me and should concern you.
“With the amount of wireless devices going from 10 Billion devices today to 50 Billion devices in 2020, what are the strategic plans of your company, Verizon, when it comes to building out network infrastructure?”

It was a straightforward question and I expected a definitive answer. When you look at the timetable for meeting the 5G Network objective, it is pretty clear they only have five years or a half a decade to plan, design, and implement a more robust and resilient network infrastructure that can handle a huge amount of new traffic.

We are supposed to be running in a 5G Network environment by 2020 and that means a lot of things to a lot of people. One thing it means is that all the carriers, AT&T, T-Mobile, Sprint, and Verizon have to do major upgrades to their networks.

WHO HAS THE PLAN?
Instead of getting a good answer, I got some song-and-dance from the Verizon Wireless manager and an even worse “wango tango of buzz phrases and euphemisms” from the moderator of the panel, who clearly did not know what he was talking about.

You would think they would be all over that question talking about the path to expansion of their infrastructure as well as the potential expansion of available network services to provide companies and individuals with more choices for faster capabilities.

If you have a plan, you would point out three or four of its major initiatives and tick off a timeline for their expected executions. Nothing like that came out of the panel discussion. It was more of the “these are big companies with big brains figuring all this out” rhetoric that did not impress me (or others).

Carriers must have a real strategic plan to meet this real challenge and I just don’t see it. Five years is not a lot of time for all this to transpire and be done right.

SOME IN REAL ESTATE ARE STARTING TO ‘GET IT”
In talking to some others who were at the HetNet Expo, I spoke with one person who told me his company was trying to sell this one real estate owner on adding more connectivity into his building for over three years, but their offers were always turned down. He said the building owner was now trying to lock in a new anchor tenant and part of the lease requires they have broadband connectivity in the building.

He said now the owner is scrambling and wants them to come in and build out his building with new antennae immediately because he is afraid he will lose this anchor tenant to someone else if he fails to upgrade his building.

I told him more of that is going to start happening as tenants start demanding intelligent amenities as part of the basic lease package and if it isn’t available, they will be moving to new facilities. It is already happening.

I discussed some of these concepts in the Keynote I presented. Next-generation real estate needs to have a whole new set of terminology to describe this paradigm shift and the industry needs to understand the new concepts.

My book, LOCATION LOCATION CONNECTIVITY, which will be available later in October. (ISBN # is 978-0-9906460-44) covers these concepts from Intelligent Business Campuses (IBCs) and Intelligent Industrial Parks (IIPs) to other multi-venue platforms including IRECs. An IREC is an Intelligent Retail/ Entertainment/ Convention Center (IREC) complex which focuses on Smartphone technology to cross-market venues to every visitor who decides to attend or shop at one of the buildings within the coverage of the wireless broadband capabilities designed to service the complex.

CARLINI-ISM: “For us to get to 5G Networks by 2020, all the Carriers need to upgrade their current network infrastructure and discard old rules-of-thumb.”

Copyright 2014 - James Carlini - All rights reservedCarlini’s visionary upcoming book, Location Location Connectivity will be available in October. (The ISBN # 978-0-9906460-4-4 )

Copyright 2014 – James Carlini – All rights reserved

AIR TRAFFIC CONTROL IS MISSION CRITICAL, ISN’T IT?

banner james carlini - Carlini's CornerBy James Carlini

The recent employee sabotage of Aurora, Illinois’ Air Traffic Control center which brought air traffic to an abrupt halt brings up some huge questions:

“Isn’t that type of control center mission critical?
– Shouldn’t a control center like that be backed up?
– Why wasn’t it backed up, especially after a 1998 GAO study said it was dangerous not to have it redundant?
– Who’s in charge?

ARE WE STILL FLYING IN THE 1930S??

ARE WE STILL FLYING IN THE 1930S??

WHAT DOES MISSION CRITICAL MEAN?

I have worked in mission critical systems and intelligent infrastructure for my whole career spanning over 35 years from Bell Laboratories designing software to run the public switched telephone network (PSTN) to working with the City of Chicago on planning and designing their Emergency 911 Center to working with the Chicago Mercantile Exchange on trading floor technologies as well as overall networks connecting GLOBEX users internationally.

In addition, I have worked with more than several companies on their call centers, manufacturing and international networks which would also be considered “mission critical” because that’s where a great amount of their business came through whether it was a catalog sales company (Spiegel’s) to a major bank (Sanwa Bank) to a consumer electronics company (JVC) or a pharmaceuticals company (Abbott Labs).

Mission critical means you cannot go down. You cannot have a single point-of-failure. You cannot afford to be down for your business.

Mission critical means you need redundant power supplies, you need redundant network connections and you need redundant processing power to maintain the applications (computers and data bases that are completely duplicated)

With all that being said, whoever designed the Air Traffic Control center had to have those same types of basic design concepts when they were building this center. With something as critical as managing aircraft in the sky, you would think that you either had a fully backed-up system that the controllers to switch to OR enough back-up within the network of air traffic control centers to handle the overload caused by one or two centers going completely out on the network grid.

HOUSTON (AND CHICAGO)…………WE HAVE A PROBLEM

The May 1998 GAO Study on Air Traffic Control (ATC) Weak Computer Security Practices Jeopardizes Flight Safety (http://www.gao.gov/assets/230/225741.pdf ) concluded:

The FAA has not analyzed the threats and vulnerabilities, or developed
safeguards to protect 87 of its 90 operational ATC computer systems and 8
of its 9 operational ATC telecommunications networks.

The FAA does not have a well-defined security architecture, a security concept of operations, or security standards, and does not consistently include well- formulated security requirements in specifications for new ATC systems

The FAA has recognized for several years that its vulnerabilities could
jeopardize, and have already jeopardized, flight safety.

There are definite problems today as there were 16 years ago, so where has everyone been in the last 16 years besides collecting a check?

FROM MY UPCOMING BOOK – LOCATION LOCATION CONNECTIVITY

You need to take into consideration new network, as well as power, requirements for mission critical applications.

Most buildings need to undergo a transformation as to how they connect into the fabric of network infrastructure within the region. A single connection equates to a potential single-point-of-failure. Many building owners need to assess whether or not they want to incur the expense of adding a second route for communications into the
building.

We have to get the Air Traffic Control enters up-to-par with other mission critical buildings which support corporate (and government) applications. This should have been done over a decade ago.

CARLINI-ISM: “A single connection equates to a potential
single-point-of-failure. That being said, over 95% of buildings are then not ready for tenants who have mission critical applications which need network access.”

CARLINI-ISM: “Intelligent amenities are more important than traditional amenities. Traditional amenities are a given in commercial real estate – intelligent amenities are not.”

Copyright 2014 - James Carlini - All rights reservedCarlini’s visionary upcoming book, Location Location Connectivity will be available in October. (The ISBN # 978-0-9906460-4-4 )

He will be the Keynote Speaker at HetNet Expo on October 15th.
Details are at http://www.hetnetexpo.com/

Copyright 2014 – James Carlini — ALL RIGHTS RESERVED

NEW TECH BUILDING BLOCK : GRAPHENE

banner james carlini - Carlini's CornerBy James Carlini

Graphene is a new “semi-metal” material that is made out of carbon and has the characteristics of the hardness of a diamond, better electrical conductivity than Continue reading

The Commercial Real Estate Distressed Assets Association CREDAA Story 2009 to 2011

CREDAA Advisors

About The Commercial Real Estate Distressed Assets Association

History

CREDAA was founded in pre-launch in January of 2010 and was first developed starting on August 20th 2009.

CREDAA is the brainchild of Scott Miller and Warren Samek, both National Commercial Account Executives with Fidelity National Title in Seattle, WA and JW Najarian, formally a commercial lender with Pathfinder Commercial Mortgage and the Founder of The Commercial Real Estate Professional Investor Group out of Los Angeles.

After the real estate and stock markets fell in September of 2008 the founders envisioned a commercial real estate collapse coming as the CRE market tends to lag just around 2 years from the residential market. We believe now that due to the magnitude of the market and residential market crashes, the commercial collapse is happening at a quicker pace.

Due to the TARP plan we believe the banks are holding troubled assets at an alarming rate and furthermore, that if these assets are held too long, that the market recovery will be much longer than it needs to be.

The founders came up with the idea that if the industry had a place to be able to work together at finding solutions, that the recovery could be sped up. The founders believe that an association of industry professionals and investors can, given the most current information, data and education, find and implement solutions that will help banks, brokers, lenders, investors and property owners re-work or get out from under troubled assets with the least losses.

Mission Statement

CREDAA is dedicated to, discovering solutions to the troubled assets market to help and guide in supporting, enlightening, educating and engaging our member base and the industry on the current state of Commercial Real Estate, Distressed, toxic, unstable, troubled Assets or Non-performing Notes, by using technology, seminars, lectures, symposiums, webinars, teleseminars, and other media to deliver high quality and pertinent industry news, views, content, analytics and analysis and education to legitimate investors, brokers, lenders, industry professionals and sellers to communicate, participate and work together in on-going daily forums. CREDAA will also provide professionals a forum to promote themselves by listing members and their services in order to allow other members to build professional teams nationally to get projects moving.

Vision Statement

CREDAA, as an association, will be a powerful information resource and community for the commercial real estate and financial industry. CREDAA will effect positive change. Employing our mission to support and educate the industry to help find win-win solutions for financial institutions, lenders, brokers, buyers and other professionals can use and utilize to help move these assets into the public realm. As a group, we will assist the economy by turning around our current bad debt in Commercial Real Estate markets.

Goals

To provide brokers, lenders, banks, investors and other CRE industry professionals, education, solutions, resources and other support to help them in the disposition, acquisition, valuation and financing of CRE Distressed, Toxic, Unstable or troubled assets and non-performing notes. Become a membership of companies and individuals operating in the commercial real estate, investment, finance, and banking industries.

Policies and Procedures

CREDAA is a professional organization dedicated to the aquisition or distribution of commercial distressed assets and notes.

Values Statement

CREDAA believes that integrity of a person can only be determined via the values one possesses in a particular order. To stay in integrity CREDAA will judge each situation against this value list in this particular order.

  • Customer Service
  • Value product / user
  • Ease of Use
  • Profitable

NEW CREDAA

In July of 2011 Leonard Mangriquez of ALB Commercial Capital took over the reigns of CREDAA taking the focus off of CREDAA Connect and placing it at http://www.CREDAA.com. This change added needed functionality and added high level CRE industry training.

ALB Commercial still runs the http://www.CREDAA.com site, but has decided to focus on the lending side of the industry.

Sadly CREDAA Connect has been taken down. Here is what I saved from the front page of CREDAA Connect.

CREDAA, is dedicated to discovering and creating solutions for the Commercial Mortgage default industry and work towards keeping our members at the forefront of industry news and views, and provide support in the professional development and advancement of our members.

CREDAA is focused intently on taking action in these three areas:
1. Educate
With CREDAA, members leverage the power of knowledge and the brilliance of other industry professionals to enable success in the current CRE marketplace. CREDAA delivers education utilizing a variety of platforms like audio & video podcasts, webinars, seminars, online training, and Summit educational conferences.
2. Enable
Navigating, seizing and controlling current markets can only be accomplished by leveraging the latest research, analytics, news, and views. CREDAA is a place that provides access and the ability to find essential resources to enable the member to find and complete deals in an extremely tough market.
3. Connect
Real solutions through collaboration found only with the power of CREDAA networking. Find your local and national deal teams with the best of the best in the industry. Participate in business building events where you learn, find deals, make contacts, and create valuable friendships.

Closing Letter to CREDAA Connect Members

Hello members of CREDAA Connect. In August of 2009 a group of users from The Commercial Real Estate Professionals and Investors Group CREPIG.com got together to start a site that would help tie investors to distressed commercial properties.

We had high hopes, but as most of you know, at that time it was impossible to find any inventory that penciled out for investors and the banks were holding or should I say hoarding most of the marketable inventory.

With advisory board members like the late Frank Maguire Co-Founder of FedEx & KFC and many others (see http://onpurposemagazine.com/2014/04/11/the-commercial-real-estate-distressed-assets-association-credaa-story-2009-to-2011/) we worked hard to blaze new trails in an ailing industry.

This proved to be an almost impossible task as the banks would not release inventory or funds.

In 2011 Leonard Manriquez of ALB Commercial Capital took over the site which worked to educate, enable and help connect the thousands of investors, property owners and brokers with a site that allowed first class networking, resource development and education. You can still go to www.CREDAA.com to check out the work that was done there. Leo did a great job, but the industry was still taking a beating and ALB Commercial Capital has decided to make their priority lending in the commercial and multifamily markets.

To this end CREDAA Connect is shutting down. We appreciate our members and hope that you will check out www.ALBCommercialCapital.com for all your commercial finance needs. You may also join thousands of other CRE networkers at http://www.CREPIG.com with over 5000 members or at CREPIG at Linkedin with over 19,000 members at https://www.linkedin.com/groups/CREPIG-Commercial-Real-Estate-Professionals-79765 or CREPIG at Twitter www.Twitter.com/CREPIGsite which has over 36,000 followers.

Regards,

JW Najarian
Metta Media Group
www.OnPurposeMagazine.com
www.CREPIG.com

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CREPIG helps them who help themselves

The Commercial Real Estate Professional Investors Group allows CRE investors and professionals the ability to promote their project, product, services, deals, funding options or requirements to other investors and professionals.  CREPIG is also a great place to find CRE resouces and network with others.

I get calls and emails all day long asking me to promote an event or deal and I would love to, but I only have so many hours in my day and the site was set up to allow you to do it on your own.  There is plenty of help and it is actually pretty easy if you take a minute to check it out.

CREPIG’s Promotion Forum provides a place to enter anything you need to enter.  You can upload files, insert pictures or videos and us HTML tags to make your stuff zing…  This section updates the CREPIG Twitter page with thousands of followers.  It also updates my Facebook page and over 5000 CRE investors and professionals over on LinkedIn.

So in the future don’t call me.  Take advantage of the ability to make yourself know to around 8000 investors and professionals by joining the site and posting your stuff.

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www.CREPIG.com