Equity | ECS Promotes Three Executives

Columbus, OH – August 3, 2021 – Equity | ECS is excited to announce the promotion of three executive team members: Patrick Wathen has been promoted to President of Equity (previously Senior Vice President); Austin Wathen has been promoted to Executive Vice President of Brokerage and Business Development (previously Senior Vice President of Brokerage and Business Development); Dave Jones has been promoted to President of ECS (previously Vice President).

“These executive team changes position us for success in the future,” Steve Wathen, Founder and CEO of Equity | ECS, said.

Equity is a national full-service commercial real estate company that provides complete, professional development, construction, brokerage, property management, asset management, and investment services.

Equity Construction Solutions (also referred to as ECS), provides construction services as part of Equity’s full-service platform, but also goes to market on its own.

Patrick’s initial goals as President are to accelerate growth across divisions and geographies and to continue to grow and develop Equity | ECS’ best-in-class team.

“This year, we’ve seen really exciting growth across the country,” Austin Wathen explained.

In April of 2021, Equity opened its 8th office in Atlanta, Georgia, followed by its 9th office opening in Chicago, IL in May.

With the addition of the Atlanta and Chicago offices, Equity now has locations in five states. Equity’s other seven offices are located in Columbus, OH (Equity’s headquarters), Cincinnati, OH, Dayton, OH, Tampa, FL, Orlando, FL, San Antonio, TX, and Austin, TX.

These expansions are part of Austin Wathen’s initiative to expand Equity’s brokerage services into new markets. Since the beginning of 2021, Equity’s brokerage division has grown by 34%.

“The recent growth is exciting,” Patrick Wathen said. “but, with these executive team changes, we are positioned to scale more aggressively while maintaining exceptional results.”

Massive Business Relocation Jet-Fuels Texas Economy and Real Estate Boom – ‘White Commercial Real Estate’ Positioned to Offer Smart, Stealthy Commercial Realty Angles for Eager Investors

‘Six of the top ten fastest-growing counties in the U.S. are here in the Lone Star State. There is no better time to purchase Texas property than right now…’

HOUSTON, July 29, 2021 /PRNewswire/ — White Commercial Real Estate (WCRE) highlighted its unique role helping investors capitalize on the resurgence of the Texas economy, recently featured in a glowing public assessment by Texas governor, Greg Abbott. As the 9th largest economy in the world by GDP, Texas remains positioned for more economic expansion over the next five years, based on strong employment and income growth forecasts. Much of this is due to a healthy pro-business atmosphere fostered by the state, along with being the home base for 100 of the 1000 largest public and private companies in the U.S. Experienced and exclusive boutique real estate firms like WCRE, with strong roots in the area, are the surest way for property investors to seize upon the recent Texas economic upsurge. Click to read more at www.prnewswire.com

Making Mapping Easy: MapRight Offers New Tools for CRE Pros

Who remembers the days of Key Maps? Or, more recently, printing out directions before you headed to a destination? Only in the past 15 years have we been able to rely on applications such as Google Maps, Apple Maps or Waze.

“If you think mapping is boring or isn’t changing, you’re not paying attention,” says Steve Roberson, CEO & Founder of MapRight, an online and mobile mapping platform. “You used to have to use a paper map. The ability to see yourself on a real-time map has
only existed for maybe a decade.”

His company is taking that evolution even further, allowing clients to navigate and build maps whether they have GIS experience or not.

“One function on the MapRight mobile app allows a subscriber to send an interactive map to somebody. That somebody can get driving directions to a property and view it themselves without the agent even being there,” Roberson explains. “That person can evaluate the property’s boundary, floodplain and things like that. A feature like that had never really even been thought of except in the past decade.”

Roberson unlocked his passion for mapping decades ago as he completed his Master’s in applied geography with a concentration in GIS.

“I was always fascinated with real estate and how mapping interacted with it,” he says.

Fortune and Great Place to Work® Name Transwestern One of the 2021 Best Workplaces for Millenials™ For Fourth Time

HOUSTON, July 16, 2021 (GLOBE NEWSWIRE) — Great Place to Work® and Fortune magazine have honored Transwestern as one of the 2021 Best Workplaces for Millennials™. This is Transwestern’s fourth time being named to this prestigious list, and it is the only full-service commercial real estate firm that received the recognition. Earning a spot means that Transwestern is one of the best companies to work for in the country.

The Best Workplaces for Millennials™ award is based on analysis of survey responses from more than 5.3 million current employees. In that survey, 92% of Transwestern’s employees said Transwestern is a great place to work. This number is 33% higher than the average U.S. company.

“Transwestern’s culture of empowerment, inclusion and innovation fuels a collaborative work environment, one that respects a healthy work/life balance, supports the community and nurtures professional growth,” said Tom Lawyer, President of Transwestern Real Estate Services. “This recognition is an honor for everyone in the firm. Our younger professionals demonstrated outstanding teamwork and fortitude throughout the pandemic, and we are proud to support them in serving clients and advancing their careers.”

The Best Workplaces for Millennials list is highly competitive. Great Place to Work, the global authority on workplace culture, selected the list using rigorous analytics and confidential employee feedback. Companies were only considered if they are a Great Place to Work-Certified™ organization. Click to read more at www.globenewswire.com.

BuildCentral Announces Geospex™, a New Planned Construction Visualization Tool For Real Estate Market Opportunity and Risk Analysis

CHICAGO, June 22, 2021 /PRNewswire/ — BuildCentral today announced Geospex™, a new planned construction visualization tool built for real estate, finance and construction industry professionals.

Geospex™ provides a new way for construction industry, finance and real estate professionals to better evaluate their key markets for growth opportunities and potential risks.

Using ESRI geospatial technology, Geospex™ pairs planned real estate development data from BuildCentral with intelligent data layers to deliver comprehensive market-specific insights — all without having to comb through multiple tools and tabs. Intelligent data layers include parcel ownership data, nearby opportunity zones, U.S. Census data, MSA and zip code boundaries, real-time weather warnings, demographics, drive times and more.

“Geospex is the future of real estate market research,” says Damian Eastman, CEO at BuildCentral. “Whether you’re a builder, in finance, an industry supplier, or in real estate, you want to know where all the future commercial and residential developments are planned when they’re coming and who’s responsible. With Geospex, you can visualize these future developments and stakeholders all plotted on a dynamic, interactive map for any U.S. zip code.” Click to read more at www.prnewswire.com.

Cities with a Higher Number of Remote-Friendly Jobs? Their Office Markets Aren’t Recovering as Quickly

As COVID-19 cases continue to fall in cities across the United States, the office sector is beginning a slow recovery. But not all recoveries are equal, with office markets with a greater percentage of remote-friendly jobs bouncing back more slowly, according to the VTS Office Demand Index.

And the opposite? Cities in which there is a smaller percentage of remote-friendly jobs are seeing their office markets rebound at a quicker pace.

The VTS Office Demand Index, or VODI, tracks tenant tours, both in-person and virtual, of office properties across the country. It is recognized as one of the earliest indicators of upcoming office leases.

VTS is a leasing, marketing and asset management platform for commercial real estate.

In Seattle, Boston and San Francisco, the share of jobs that are remote-friendly ranks among the highest in the country. It’s not surprising, then, that this latest VODI finds that the office markets in those cities have recovered the least, with their level of office-lease demand down 39, 43 and 46 percent from their 2018-2019 average, respectively.

Markets with a substantially lower share of remote-friendly jobs, Chicago, New York City and Los Angeles, are only down 14, 15 and 24 percent from their pre-pandemic levels, respectively.

“The pandemic didn’t just change the way we work, it changed the way we live. Many workers have found value in remote or hybrid work and may be reluctant to go back to the way life was pre-pandemic,” said VTS chief executive officer Nick Romito. “In cities with higher rates of fully remote jobs, hiring and retaining talent means employers will need to provide choices and flexibility, including fully remote and fully in-office.”

VTS found that after a strong burst in early 2021, demand for office space across the country slowed slightly in May. After rising 173 percent in the first four months of the year, demand for office space fell 8.5 percent in May from April. But demand in May is still five times higher than the pandemic low in May of 2020.

The May decline, likely fueled by a seasonal lull and an easing of pent-up demand, marks a reversion to office demand’s normal see-sawing behavior, VTS said.

“Demand for office space tends to follow seasonal patterns; it should not be concerning that most markets saw demand for office space taper in May,” said VTS chief strategy office Ryan Masiello. “Depending on the market, we anticipate that demand will continue to fluctuate this summer before rising again in August and September.”

In more good news for the office sector, as of May more than half of the markets covered were within 25 percent of their pre-pandemic benchmark level, a level that more closely resembles pre-COVID-19 normalcy. All markets, with the exception of Chicago and Los Angeles, saw demand for office space recede in May with Seattle losing the most ground, down 24 percent during the month.

The Chicago office market is especially promising now. VTS says that as of May, Chicago had a VODI of 86, which makes it the closest of all big-city markets to its pre-pandemic level of demand. Chicago is also the only major market to see an increase in demand for office space in May.