Weekly News & OBP Perspective

October 6th, 2011

This week’s OBP Perspective is provided by Jim O’Connell:Jim O'Connell

Get What You Expect

A long time ago I learned one of my life’s more valuable lessons; if you want to succeed it is really important to expect the best out of things all the time because generally speaking “you get what you expect”.  This thought has occurred to me several times this week because I’ve seen numerous stories and news pieces, which by the way is happening more frequently, that are commenting on how the market, especially the RE market, is going in the wrong direction again.  Just in the last 24 hours there have been several stories in various publications including:

  • a Co-Star article that claims CRE Execs are More Bearish Based on the Economy and Government Impact, in that story they saved for the small print the point “Improving Fundamentals Aside”  (see here)
  • the lead story in Wednesday’s WSJ Property Report covers how investors are getting out of Real-Estate Stocks (see here)

Fortunately, also this week there are a few stories and publications that are reporting on the more positive side of what is occurring in our industry, including:

  • September’s Real Estate Forum which has several pieces with positive spin including a recovery in Orange County’s office market and another that covers a prediction that Year-End Transactions Will Heat Up
  • a Cassidy Turley white paper by Chief Economist, Kevin Thorpe that explains how the dynamic growth of the Technology Sector is A Beacon of Hope (see here)

I’m sure that as not only practitioners in this business you are also students of our industry and probably read even more than I do.  My message today is that anyone can look for the doom and gloom stories because they are easy to find, especially in this day and age.  But it seems to me that it is the real “professionals” who make the commercial real estate sector their business, career and life who, when everyone is piling on with their negative perspective on our industry, make sure they focus on the positive signs too and allow them to balance their mood and activity.  As of now there aren’t as many positives in our world as we would like, but they are out there.  If we make the effort to find them and with persistent effort in working toward positive results we will increase the amount of positive activity that occurs until the market is fully recovered again.  You get what you expect, so expect the best!    – Jim O’Connell

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