We are pleased to present
Marketplace Reflections
An online newsletter for the Real Estate industry
Sayres Dudley
President
Office: (469) 840-0067
Cell: (469) 990-0375
“One book, one pen, one child and one teacher can change the world.”

Malala Yousafzai

It’s a New School Year
Hopefully everyone had a very special summer, enjoyed a vacation worth talking about, and came through with great health and lots of joy.
Kathy and I vacationed again in WA state, where we enjoyed cool weather in late June in the lovely community of Bellingham and then drove to Olympic National Park. If you have not been to that park, we recommend it. Multiple ecosystems, breathtaking vistas in the peaks, and wildlife everywhere. A few weeks later, all our family traveled to VA for two family reunions; one Dudley and one Hodge. As the years add up, connecting with family members we only see every few years is just a blessing and this trip was really special.
Now that school is beginning again, I encourage our awareness be directed towards the needs of the children. Events like this past week that frighten communities and blaze across the television screens, also frighten children. Are they thinking; is school a safe place to learn and just be a kid? Listen to them, observe, and pay attention. We don’t want to create unnecessary angst, but just love on them and be aware. If you are able, consider volunteering at a school. There are great programs available where you can plug in.
Addressing the Workforce Skills Gap in Construction & CRE-Related Trades
The NAIOP Research Foundation does excellent work in providing substantive information to the commercial real estate industry on subjects of relevancy. Few would argue that the ongoing skilled labor shortages in construction and warehousing have created serious profitability issues for real estate owners. The ongoing political battles over immigration have simply heightened this crisis, with the ICE raids of 8-8-19 just an example. While that battle rages in the cavernous halls of Congress, the CRE industry continues to look for permanent solutions.

If this subject interests you, please read the full article below.
Upcoming Meetings & Events
Please join me at this event.
 
What’s Going on Along The 121
Delta Hotels Marriott Watters Creek Convention Center
777 Watters Creek Boulevard, Allen, Texas
August 15, 2019
For more information, click here.
Houston State of the Market
The Hub
3 Greenway Plaza
August 28, 2019
For more information, click here.
 
ULI Fall Meeting
Convention Center
Washington, DC
September 18-21, 2019
For more information, click here.
 
CRE Converge
JW Marriott
LA Live
Los Angeles, CA
October 14-16, 2019
For more information, click here.
Current Openings
Construction Controller
Florida
This nationally recognized, award winning private real estate company, is developing a $1BB+ mixed use project in Florida. The project is entitled, funded and in schematic design. 4 years start to finish. They have created an opening for a Controller, with a significant major construction project accounting background, to work on the owner’s team, under the Project Construction Executive. You will interface with the general contractor’s finance team and manage all financial controls. Large general contractor experience a plus. This could be the signature accomplishment of your career! Family relocation is provided.
Senior Development Analyst
Dallas, TX
 
Are you a young real estate professional, hungry to work with a forward thinking, active entrepreneurial developer? Have your prepared proforma’s, budgets, financial packages and projections on commercial development projects? Would you like to work with and under an award winning development executive, to support him on these projects and learn all aspects of the business? Interface regularly with DFW’s top investment sales brokers and company equity partners? Then send over a confidential resume and let’s discuss it.
Chief Financial Officer
Dallas, TX
This long time Dallas based real estate investment, development and services company has created an opportunity for a rising star financial professional to move into the CFO role under the current CFO/COO.  The current executive will retire in a few years and prior to that date will mentor this new employee to learn all the aspects of the operations and finances of the firm. This is a once in a lifetime opportunity for you to step up to such a leadership role with endless possibilities in one of Dallas’ most respected firms.
If any of these openings interest you,
please forward a confidential resume here.
In the News
Addressing the Workforce Skills Gap in Construction and CRE-Related Trades
By: Barry E. Stern, PhD
 

A shortage of construction and logistics workers has increased the cost of construction for developers and hampered the expansion and profitability of warehouse and distribution centers. The NAIOP Research Foundation commissioned this report to explore some of the contributing factors to the workforce shortage and how the construction and logistics industries can improve worker recruitment, training, productivity and retention. The author interviewed several national and regional workforce development program leaders to learn about their partnerships with industry to recruit and train the next generation of construction and logistics workers.

To read the entire article click here.