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Industrial Insights

Justin Smith

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Industrial Insights is a podcast that highlights the market dynamics, high level strategies, and in the trenches tactics for tenants and owners of industrial real estate. Each episode is designed to take hard fought wisdom from practitioners and break it down into insights that can drive better commercial real estate decision making. The host, Justin Smith, shares his experiences from 16 years in the business and brings in industry experts to discuss critical aspects of successful industrial ...
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Psychovertical

Andy Kirkpatrick

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Andrew Kirkpatrick is a British mountaineer, award-winning author and film-maker, TV and movie safety advisor, and monologist. He is best known as a big wall climber, having scaled Yosemite's El Capitan 30+ times, including five solo ascents, and two one day ascents, as well as climbing in Patagonia, Alaska, Africa and Antarctica. He has also crossed Greenland by ski and sailed down Willy Wonka's chocolate river with Johnny Depp. The Psycho Vertical podcasts cover everything from climbing mo ...
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In this episode of the Industrial Insights podcast, Justin Rappel from Pacific Industrial discusses the current state of the industrial real estate market, focusing on acquisitions and development strategies. He shares insights from his transition from brokerage to the principal side, the challenges and opportunities in various markets, and the imp…
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Chris Vassilian and Justin Smith discuss the evolving landscape of subleasing in Southern California, highlighting current trends, challenges, and the dynamics between landlords, tenants, and subtenants. They explore the implications of market fluctuations, the importance of financial credit, and the complexities of navigating direct leases versus …
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In this episode of the Industrial Insights podcast, Justin Smith interviews David Hickey from Hickey & Associates about the complexities of economic incentives in site selection. They discuss the various factors influencing site decisions, the misconceptions clients often have about incentives, and the importance of compliance and administration in…
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In this episode of the Industrial Insights podcast, Justin Smith and Ralph Asher delve into the complexities of supply chain management, discussing current challenges, the role of automation, and the importance of data analytics. They explore how companies can optimize their supply chains through effective modeling and decision-making, while also a…
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In this episode of the Industrial Insights podcast, Justin Smith interviews Rob Quarton from Walker & Dunlop, discussing the evolving landscape of commercial real estate financing. They explore the impact of the pandemic on the market, current trends, and the outlook for various asset classes, including industrial, multifamily, and retail. Rob shar…
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In this podcast episode, Chris and Justin discuss various aspects of supply chain logistics, focusing on the concept of blend and extend leases. They explore the reasons behind this leasing strategy, the importance of landlord contributions to building improvements, and strategies for landlords to attract tenants to vacant properties. The conversat…
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In this episode of the Industrial Insights podcast, Justin Smith speaks with Janet Ydavoy from 910 Advisors about the complexities of supply chain management. They discuss the challenges companies face as they scale, the role of third-party logistics (3PLs), and the importance of effective inventory management. Janet shares insights on global suppl…
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In this episode of the Industrial Insights podcast, Justin Smith interviews Chelsea Tamuk Levane from Cabot Properties. Chelsea shares her journey from intern to overseeing the West Coast operations at Cabot, discussing the company's growth, market focus, and strategic decisions in the industrial real estate sector. The conversation delves into net…
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In this conversation, Justin and Chris discuss lease reviews and common issues that arise during the process. They highlight the importance of understanding tenant obligations, hold-over clauses, and the responsibility for maintenance and repairs. They also discuss the significance of aligning the lease with the tenant's intended use of the space a…
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In this episode of the Industrial Insights podcast, Justin Smith interviews Jesse Gundersheim of CoStar to discuss the Q2 stats for Southern California Industrial. They cover topics such as leasing activity, vacancy rates, deliveries, and the impact of e-commerce on the market. They also touch on the sales market, cap rates, and the correlation bet…
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Michael Bucci, an investor in the industrial asset class, shares his journey and approach to investing in industrial real estate. He focuses on value-add properties for warehousing and distribution, with a preference for multi-tenant spaces. Bucci emphasizes the importance of understanding the market and the needs of the owners when approaching dea…
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In this episode, Justin Smith interviews Ralph Asher, an expert in network design and optimization. Ralph shares his background working at Target and General Mills, where he focused on supply chain design. He discusses the challenges and opportunities of network design during mergers and acquisitions, as well as the importance of data management in…
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Eric Ruehle of West Harbor Capital discusses the company's background and their focus on the industrial real estate market. They specialize in value-add investments in the Southern California region, with a deal size of $10 to $50 million. Ruehle emphasizes the importance of relationships in the industry and the value of high barriers to entry, suc…
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In this episode of Industrial Insights, Chris Vasilian discusses tenant representation frequently asked questions. The two main topics covered are the need for office space with a small warehouse component and the decision between lease renewals and relocations. Chris explains the different options for combining office and warehouse space and the c…
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Chinese 3PLs are increasingly leasing space in the Inland Empire, Orange County, and LA County due to the growth of manufacturing in China and the need for storage and distribution in the US. Despite initial concerns about the financial stability of these companies, many have honored their commitments and even received security deposit refunds. Lan…
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Rob Guthrie, founder of Guthrie Development, shares his experience in industrial real estate, specifically in condo conversions and value-add strategies. He discusses his background in real estate development and his specialization in small industrial buildings for sale. Rob emphasizes the importance of location and demographics when considering co…
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In this episode, Justin Smith interviews Michael Schulte of Intralog about setting up a warehouse and the role of brokers in the process. Intralog is a material handling systems integrator that brings data-driven design to customers who may not have access to it. They discuss network optimization, which involves using mathematical optimization to m…
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At the most fundamental level, a change of ownership adds another party to the agreement that was not present during the initial negotiations. There are times when nothing changes except for the property manager and life goes on. However, a new landlord is usually a sign of change to come.Από τον Justin Smith
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If you're an appraiser, tenant, or landlord involved in R&D industrial properties, this video is a must-watch! Unlock the insights that lead to successful appraisals and leasing experiences. Hit the play button now and subscribe to our channel for more industry expertise and advice.Από τον Justin Smith
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For companies operating ten locations or more, efficient lease administration is essential to keep track of crucial dates, financial details, rights, responsibilities, reconciliations, and option dates. In this video, we explore how lease administration software, a part of the thriving property technology (PropTech) industry, can revolutionize the …
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CAM (common area maintenance) reconciliations are a common practice in commercial real estate, but they can lead to surprising expenses for executives. In this eye-opening video, we shed light on the complexities of CAM reconciliations and how they can impact your bottom line.Από τον Justin Smith
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Moving machinery, equipment, and delicate lab materials require meticulous planning and preparation to ensure a seamless transition. In this informative video, we delve into the specific concerns and crucial steps you need to take when relocating such sensitive items.Από τον Justin Smith
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Congratulations on successfully completing your move! As you settle into your new space, it's essential to address several crucial post-move housekeeping items to ensure a seamless transition. In this comprehensive video, we'll guide you through the necessary tasks to take care of after the move, so you can start fresh in your new surroundings.…
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Moving day can be a stressful and chaotic time, but with the right approach and organization, you can ensure a seamless transition to your new home. In this comprehensive guide, we reveal the key steps to orchestrate a successful move day and guarantee that everything goes according to plan.Από τον Justin Smith
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We'll discuss a comprehensive 60-day transition plan for businesses preparing to relocate their properties. Moving to a new location can be a complex process, and proper preparation is key to ensuring a seamless transition for both your employees and your operations.Από τον Justin Smith
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In the process of transitioning to a new space, careful planning is crucial. Beginning 90 days before the move, considerations include securing machinery permits and certifications, bidding and selecting a suitable moving company, and addressing specialized needs for industrial equipment. Inventorying furniture, managing insurance paperwork, obtain…
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We explore the essential considerations when upgrading older manufacturing buildings to meet modern distribution needs. In Southern California, a substantial portion of available properties were constructed during the sixties, seventies, and eighties, making it crucial to adapt these structures for distribution purposes effectively. Join us as we u…
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In this episode, Justin Smith brings in Greg Hanoian from United Material Handling to delve into the intricacies of material handling, timelines, and considerations for setting up warehouses. Joined by Chris Vassilian, they explore the basics of material handling and its growing importance in client conversations. The discussion covers essential co…
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We explore the crucial advantages of conducting job walks with general contractors and how they contribute to the overall success and efficiency of construction projects. Gone are the days when contractors simply show up, give a bid, and the project begins. As projects scale up in size and complexity, job walks play a pivotal role in the constructi…
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To succeed, it's essential to establish clear cost expectations from the outset. By fixing costs upfront, tenants and landlords can set the foundation for a successful construction journey. Learn about the critical role of good space planning and architect work in the early stages of a project. A pricing plan, combining architectural drawings and e…
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Justin Smith welcomes John Haber, Chief Strategy Officer at Transportation Insight Holding Company to discuss the intricate world of supply chain and logistics, shedding light on the challenges faced by executives in the e-commerce and shipping sectors. Drawing from his extensive experience, John shares insights into the evolving landscape, touchin…
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Justin Smith and Grant La Bounty delve into the complexities of consolidation in the industrial real estate market. They discuss the challenges businesses face when managing multiple locations, especially when dealing with different lease expiration dates and landlords. They explore potential win-win scenarios, shedding light on market dynamics and…
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Discover how cities' increasing understaffing and longer turnaround times have made permit approval a time-consuming challenge. However, there are actionable solutions to overcome these obstacles. One option is to invest in expedited turnaround times, which can fast-track your project. Alternatively, consider hiring a third-party expediter, someone…
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Private landlords tend to be cautious with their spending, holding onto cash until a tenant is secured. This can mean minimal upfront investment in preparing the space. On the other hand, institutional landlords take a proactive approach by investing in the space upfront, even without a confirmed tenant. This trend of increased institutionalization…
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Are you curious about the different conditions of office space found in industrial buildings? In this informative video, we delve into the implications of shell condition and fully renovated spaces. Join us as we explore the spectrum of office space conditions, from pristine Class A constructions to properties that have seen previous occupancy with…
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This year's So Cal industrial theme is negative net absorption and lease renewals. What does this mean in the marketplace? Lots of impasses in negotiation. Slower velocity. Deals are still getting done, though! Class A lease rates are holding on by a thread. Great credit is worth an 8-10% discount on rates for many projects. Class B landlords are d…
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Discover how to choose the right entities for lease contracts, whether you're a sole proprietor, startup, or corporation. CEOs and business owners, understand the importance of assessing whether the parent company or subsidiary should be on the lease. Financial complexities: Learn how corporate parents consolidate subsidiaries and the impact on lea…
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Are you curious about the various lease contracts used in commercial real estate? Join us as we dive deep into the world of commercial lease agreements and uncover the advantages and disadvantages of two commonly employed contract types: fill-in-the-blank contracts and custom crafted contracts. In this video, we shed light on the importance of the …
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Rent escalations or annual increases are common features in lease agreements, but have you ever wondered how these adjustments are determined? In this informative video, we delve into the factors that influence rent escalations and shed light on the market-based system that governs these decisions.Από τον Justin Smith
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Considering lease renewal or relocation for your business? In this informative video, we explore the crucial factors you must evaluate before making a decision. Moving to a new building of the same size may seem tempting due to potential rent differentials, but is it truly cost-effective? Join us as we delve into the associated expenses and payback…
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Lease types in the industrial market can be complex and bewildering. In this informative video, we provide a comprehensive overview of the main lease types encountered, such as gross, modified gross, and triple net leases. Discover the key differences between these lease structures and how they impact tenant responsibilities and expenses.…
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Whether it's in the world of real estate or any negotiation scenario, the power dynamic plays a crucial role. Discover how to identify who holds the leverage, who is in charge, and who possesses the ability to walk away. By gaining this clarity, you can set realistic expectations and gauge whether you are needed or if the other party requires your …
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