by Willy Franzen on August 24, 2009
This morning I was reading a New York Times article about how some of the “super rich” are being hit hardest (at least in terms of total dollars lost) by this recession. A lot of this has to do with heavy investments in real estate. As we all know, real estate has not been the place to be lately. The good news about the bad real estate market is that it’s leading to all kinds of innovation. There are a ton of cool real estate startups, and I just came across another one called eRealInvestor. They’re based in San Francisco, and they offer a suite of tools that allow those who still have it in them to invest in real estate to be much smarter about it. Since I’m not a real estate investor, I don’t fully understand what all of the tools do. However, it’s hard to argue with a data based approach to buying and selling real estate.
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by Willy Franzen on June 26, 2009
Considering the fact that I drove by a house in Michigan that was on sale for $12,500 just a few days ago, it’s pretty obvious that the real estate market still has some rebounding to do. There has been a lot of hurt in the industry over the past couple years, but maybe things are looking up. A friend who works at CB Richard Ellis let me know about a position that they’re trying to fill, and after I checked their Careers page I saw that they’re hiring for more than 200 positions. Considering the fact that they just went through a round of layoffs at the end of last year, I’d say all those job postings is probably a good sign for where the company (and maybe the economy?) is going. If you have heard of CB Richard Ellis before, you should know that they’re headquartered in Los Angeles and they’re “the world’s largest commercial real estate services firm (in terms of 2008 revenue).” Clearly $12,500 houses aren’t a problem for them.
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by Willy Franzen on January 7, 2009
Having a girlfriend who is a consultant, I’m often subjected to hours of consultant-speak. It’s not really English, as it consists mostly of acronyms. One thing consultants seem to talk about a lot, even though they don’t have an acronym for it, is the American Express Starwood Preferred Guest Card. It’s apparently by far the best credit card for the consulting lifestyle (especially when you work for a firm that almost exclusively puts you up in Starwood hotels). Since I’ve been hearing the Starwood name a lot, and I’ve had a few people recommend their Jobs to me, I thought it was time to take a look at what kind of entry level jobs are available with one of the world’s largest hotel and leisure companies. In case you’re not familiar with the Starwood brand, they’re the company behind Sheraton, Four Points, aloft, W Hotels, Le Meridien, The Luxury Collection, Element, Westin, and St. Regis. All of them are nice places to stay, and a few of them are about as trendy as you can get when it comes to hotels – check out aloft.
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by Willy Franzen on October 6, 2008
Now, I usually write themed posts for holidays, but since today is only a holiday for me and those whom I force to celebrate (it’s my birthday), I don’t have a themed post. I will, however, be announcing a contest later today where we’ll be giving away an iPod touch in celebration of my birthday. We also have another great internship opportunity for you today. Last week, a woman named Stephanie Johnson from Rent Marketer e-mailed me and told me that she had “relied on One Day, One Internship (and Job) to get ideas about what a great internship looks like.” She wanted us to share the details internships with you, and since flattery works we featured Rent Marketer’s internships on One Day, One Internship today. While we were researching them, we noticed some great jobs listed on their Careers page, so we’re telling you about those here. Rent Marketer is in the business of helping property owners post their rentals to dozens of sites all at once. Repeatedly posting For Rent ads can be mind numbing (kind of like applying to a lot of entry level jobs), and they do it all for you in a simple and cost effective way.
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by Willy Franzen on September 24, 2008
A lot of you probably started college with a strong interest in real estate. It’s understandable if much of that interest has evaporated as a result of the direction that the real estate market has taken over the last two years. New York real estate seemed to be the last bastion of hope, but with the fall of some major investment banks and a lot of fear on Wall Street, even that seemingly unstoppable market is starting to slow down. Still, if anyone can weather this storm, it’s hopefully the firm that did the biggest real estate deal in US history (the purchase of Stuyvesant Town and Peter Cooper Village for $5.4 billion). The firm behind that deal is Tishman Speyer, and even they seem to be struggling a bit as of late. Still, they make moves with the long-term in mind, and they’re prepared (both mentally and financially) to take a short term hit. Real estate isn’t the hot place for careers right now, but it’s still a field that is loaded with opportunity. There will always be people making money off of real estate deals, and there’s no better place to learn how to do that than Tishman Speyer.
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by Willy Franzen on December 27, 2007
What’s the job market look like for a new college grad who wants to go into the real estate industry? Craptastic. Unless you’ve got a great connection or know something we don’t (which is actually pretty likely), you can head for another industry to get some work experience or you can take a stab at Real Estate 2.0 jobs. We’ve already looked at Zillow.com as one company that has insulated itself from sub-prime woes by breaking away from the traditional real estate business model, and today we’re going to look at another one. Redfin is an online real estate brokerage. They currently operate in only 7 markets, but they’re gaining ground by offering new services to people who think a realtor isn’t worth 6% of a house’s final sale price.
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by Willy Franzen on November 29, 2007
When you started college, the Goldilocks economy (not too hot, not too cold, but just right) was cooking along with a nice balance of fear and optimism. You knew from freshman year that you wanted to get into real estate because, as they say, they’re never making any more of it. Well if you’ve been paying any attention to CNBC lately, real estate is not the place to be looking for an entry-level job. So how can you find a company in the industry that hasn’t cut out new hiring because of the down market?
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