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Shared Office Space: The Next Frontier in Corporate Real Estate

 

An increasing number of business are choosing co-working spaces as an alternative to suburban office parks or expensive offices closer to downtown. Co-working spaces, once targeted towards freelancers and start-ups, have become increasingly attractive to large businesses, which may want to experiment with a small footprint in a new city or neighborhood before committing to a full office. It also offers companies the ability to respond to their changing needs for space. In recent years, Fortune 500 companies such as General Electric, Dell, Bank of America, Lyft, Airbnb, Salesforce.com, Red Bull, Staples, and Dropbox have all adopted co-working office space as one of the solutions to their real estate needs.

Workville, a shared office space in NYC, allows startups access to premium office space that otherwise might be financially out of reach. Offerings range from shared space that resembles a comfortable hotel lobby, to dedicated desks, private offices, conference rooms, and event space. Employees from companies like ZipCar, Refinery Hotel, and AllyBoost Events have daily opportunities to interact and cross-pollinate ideas with start-up CEOs. The collaborative environment provides for an important need of millennial workers- a workplace with a sense of community.

CBGE Groups published a report in January that estimated co-working in the U.S. is estimated to experience a five-year compound average annual growth rate of 21 percent. While investors should always consider their age and tolerance for risk, there are many options for investing in co-working space. Real estate investment trusts allow investors to invest in a portfolio that includes co-working space properties, such as Vornado Realty Trust or Boston Properties. Mutual funds may also include shares in co-working companies, such as Fidelity’s Contrafund or T. Rowe Price’s New Horizon Fund. It’s possible to invest directly in a mutual fund with Regus, the largest operator of co-working space in the world. There is also the option to invest in a syndicate, where individuals co-invest through a site like angel.co with venture capitalists. Finally, investors may also consider a cash-flow investment with an individual project, or stock purchases at an initial public offering.

Important considerations are the leadership of a co-working space property, the quality of the facilities, and location. Investors should also be aware of pending changes to the Generically Accepted Accounting Practices, which will affect commercial real estate leases. Long term leases will be considered liabilities starting 2018, which will make short-term leases much more attractive.

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Sam Tabar’s Appointment to FullCycle Energy Fund and His Successful Professional Life

Tabar’s Professional Career

Sam Tabar has been very successful in his law and financial career. He is a licensed attorney and his practice is based in New York. He has held the position of a senior associate at Schulte Roth and Zabel LLP and as the advisor at the Bank of America Merrill Lynch.

About.me indicates Tabar graduated with honors in Bachelor of Arts from Oxford University. He later went on to acquire a Master of Law from Columbia Law School. After graduation from the law school, Tabar was employed as an associate at Skadden, Arps, Meagher, Slater & Flom LLP in 2001.

In Merrill Lynch, Tabar was the Head of Capital Strategy. He was appointed in charge of the Asia-Pacific Region. His role involved budget strategy and partnering of hedge fund managers with institutional investors. In Schulte Roth and Zabel LLP, Tabar was also responsible management of hedge fund entities such as the regulatory and compliance issues and formation of the hedge funds. He joined the firm in 2013 and left it in 2014.

He worked in PMA prior to joining Merrill Lynch. In PMA, Tabar got his first opportunity in becoming a financial strategist and deal with hedge funds directly. He worked smart and rose to the position of Managing Director and Co-Head of Business Development. He joined this firm in 2004 and left it later after 6 years. As an investor, Tabar has invested in ventures such as SheThinx. This company manufacturers and donates sanitary garments for women in Africa. This investment is an opportunity for empowering women through provision of hygiene and basic needs.  This also led to Sam creating a GoFundMe to do more work for Africa, and the children in need.

Recently, Tabar was appointed as the Chief Operating Officer for FullCycle Energy Fund. He is responsible for management fund strategy of the company. Tabar was enthusiastic of his new position and was looking forward to delivering the mission of the company. He said, “I look forward to partnering with our talented senior leadership team to deliver our mission of moving away from high cost, polluting fuels to lower cost and environmentally friendly fuels.”

Tabar’s Social Life

Tabar is social and one can interact with him through various social media platforms such as Instagram, Facebook, Twitter, LinkedIn and Vimeo. In these platforms, he posts information and advice that is helpful to investor. He is a board member in the New York State Bar.

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John Goullet Helps Out IT Job Seekers with Diversant

When it comes time to finding a job, it can be a difficult task. Most people even dread when this time comes up. Depending on your field of expertise, there may not be a whole lot out there for you to choose from. If you are in the market for finding a new IT job, Diversant is the place to go as they help job seekers find their ideal job. At Diversant, they look beyond the resume and help place you in the right job by looking at your personality instead. Sure you may have all the qualifications, but more importantly they want to make sure you will fit in with that particular company.

John Goullet, Principal Executive of Diversant, wants to make sure his clients are happy and taken care of properly. He wants to see them succeed in their careers and enjoy what they are doing. After all, John understands how difficult it can be to find a job, so he wants to make it as easy as possible on the clients as he can. With his knowledgeable team, they are able to help IT job seekers find their perfect job. John is able to continue his passion for developing new ways to overcome the challenges he faces in the ever-changing world of IT.

John began his career working as an IT consultant. He eventually changed over to IT staff and founded Info Technologies. This IT company focused on providing solutions to Fortune 500 companies around the world. His company quickly grew to $30 million in five years, earning it a top ten spot on Inc. Magazine’s list of the 500 fastest-growing private firms in the United States. Eventually Info Technologies merged into what it is known today as Diversant.

With a lot of hard work and dedication, John is able to help a lot of different people out when it comes to finding a suitable IT career that works for them. He did not get to the position that he is in today by standing on the sidelines and watching other people take over. Instead, he put everything he had into making himself a success, and I’d say he accomplished that.

Additional Links:

http://bcexploration.com/index.php/2016/04/28/a-visionary-entrepreneur-who-made-30-million-within-five-years-john-goullet/

Led By John Goullet, Diversant Provides Innovative Staffing Solutions

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“Hillary Clinton is a better candidate” Says Charles Koch

Charles Koch is a wealthy influential business person in the US. He is estimated to have $41.5 billion according to Forbes as of June 2015. He is married and is the CEO of the biggest private firm called Koch Industries Inc. Charles Koch diversified his father’s oil company into a petroleum products trading company that exist in about 60 countries around the world. Koch is the 18th richest man in the world and a philanthropist. Koch extended a business that he inherited from his father by 2,600 times. Charles Koch, Author of the book “Good Profit,” said that a framed letter left for him by his father, that outlines the approach he and his brothers should follow when managing their family fortune has helped him manage his business.

ABC News met Charles Koch last week at his company’s headquarters in Wichita, Kansas. Koch has for some time been very influential and controversial force in the Republican politics. However, Charles Koch pointed out that Hillary Clinton could make a better president of the US compared to the remaining candidates in the Republican Party. Koch also said that he believes Bill Clinton was a better president in some ways, in that there was less government spending than in George W. Bush tenure. Even though Hillary gained Koch’s Favor here, Koch didn’t mention that he will be supporting her in her 2016 presidential race.

Koch notes that the American economy is ”rigged” for the wealthy, and there should be a policy to change that. Koch said that Republicans have been blocking many big spending initiatives, but their pleas to reform the tax system despite lobbying for the vast repeal of subsidies and exemptions in the U.S. tax code have not been fully satisfied. Koch notes that the Republicans have implemented tax breaks here and there, but they need to be done away with fully. Koch says this is because it has been hard to find someone in politics who has the courage to change the norm in the government and do what will help the people in improving their lives.

Koch has pointed out that he has no control over the Republican Party since the U.S. would have a two-tiered system in place. There would be welfare for the wealthy and tax code that subsidize the wealthy. Since there is none, it’s clear that Koch controls nothing in the Republican Government. Koch has therefore not thrown any support to any of the Republican nominees as none has talked about the two-tiered system and how to get rid of it.

Additional Links:

http://www.vanityfair.com/news/2016/02/koch-brothers-take-on-trump

https://www.washingtonpost.com/news/the-fix/wp/2014/05/20/17-things-you-didnt-know-about-the-koch-brothers/

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Jame Dondero, investing in Argentina’s fiscal future

How do you get rid of the massive amount of debt? By selling bonds of course. Argentina is making its long-awaited return to the international bond market since being forced out of the global market in 2001 during a historic $95 billion default. James Dondero and Highland Capital Management are amongst those looking to invest in the country. The assets management firm oversees $19 billion in funds is looking to buy a significant amount of securities.

Highland Capital Management is not new to this game. Before Argentina decided to rejoin the international bond market, the firm was the biggest holder of the countries $4 billion of notes, due to mature in 2033. The interest from Highland Capital bolds well for Argentina, showing that their attempt to sell a significant amount of debt to pay for settlements with holdout creditors.Furthermore, this shows that debt investors will continue being buyers for many years to come.

Throughout this, Highland Capital Management is turning out to be the largest victor. After U.S. District Judge Thomas Griesa removes the restrictions preventing Argentina from paying its reconstructed debt.Once lifted Highland along with many other American-based firms will begin investing the country once more.

For Highland CEO Dondero this is only the beginning. Dondero attended the University of Virginia and received the highest honors: Beta Gamma Sigma, and Beta Alpha Psi. After having received a double bachelor’s in Accounting and Finance, Dondero became a certified Certified Public Accountant, Certified Management Accountant, and Chartered Financial Analyst. All of these have helped him over an extensive 33-year long career which started as an analyst for the Morgan Guaranty training program before working as Corporate Bond Analyst and then Portfolio Manager at American Express. In 1993 Dondero Co-Founded Highland Capital Management. In addition to being CEO of Highland he is Chairman of NexBank, Cornerstone Healthcare, and CCS Medical; and also serves as a board member of American Banknote and MGM Studios.

After the initial investment, this April Dondero says that he will begin pursuing other avenues inside the country. These possible investment opportunities besides the sovereign debt include a possible Argentina Fund. To Dondero and the world, it looks like Argentina’s fiscal future is bright.

Additional Links:

https://twitter.com/jamesdondero

Meet James Dondero; the Highland Capital Management CO founder and President