GlobeSt Best Practices

Real estate practices can get stuck in the mud, but in today's world, that's a dangerous and unnecessary practice.

US Army and real estate veteran, Darren Blue will guide real estate solutions for federal government clients within the firm's global workplace solutions business.

"You have to be willing to spend hours of your own time developing the skill sets you need to succeed in your functional area," says Colleen O'Connor of BioMed Realty.

Technology is becoming a key part in increasing key talent, too.

JLL veteran, Nashunda Williams will assume the global position and will be responsible for implementing the firm's DEI strategy.

Revenue-sharing deals that block competition will be out the window.

"To truly be successful, you need to be unique, think outside of the box, and continue to avoid growth traps to become a leader and not a follower," says Ralph DiBugnara of Home Qualified and Cardinal Financial.

This year's bank stress tests include a recession in which real estate prices drop 40%.