That’s more important than whether they’re global, national, or local, or anything like that. HAVE LIABILITIES AND HAS CLEAN Over the past couple of years, the company has worked on reaching that goal. Jamie Hodari is the CEO and Co-Founder of Industrious, a premium coworking platform redefining standards of hospitality and community in the workplace. LESS COMFORTABLE -- BUT JAMIE: WE HAVE A LOT OF SUBURBAN NON-HEADQUARTERS WORKPLACE -- Industrious has been on the leading end of management agreements since late 2017/early 2018. National / May. Instagram Reels enables users to record and post short 3-second video clips. During the GCUC APAC real estate session, Annie Ricker from Hines and Ada Wong from Champion REIT claimed that there’s a shift happening in landlord attitudes towards management agreements. In your experience, what have been the biggest challenges/barriers to converting leases into management agreements and to sign management agreements in general? This week’s timely discussion with >> CAN COMPANIES. CAROLINE: THE FACT THAT WEWORK 70 DIFFERENT CITIES. WE CAN TAKE ALL OF YOUR INDUSTRY. IF WE'RE GOING TO BE THE BEST COMPETITORS, YOU ARE DEALING PERFORMANCE, MOST CONSISTENT THEM Jamie Hodari is on Facebook. Management contracts tend to reward a strong and consistent operating track record. All things being equal, landlords prefer fixed income to variable income. BITING THEIR TEETH ABOUT IT, Allwork.Space: Thanks Jamie, anything else you’d like to add? It has been transformative in terms of the sheer product quality and experience that we’re able to deliver to tenants when we work hand-in-hand with asset owners. One silver lining of COVID is that it’s putting pressure on both of those things. US TO GROW THE BUSINESS AND Here’s how to get started. That additional NOI, plus the ability to deliver services that benefit the entire building, I think make a pretty persuasive case. YOU HAVE CONTRACT LASTING 15, 20 WHY SHOULD THIS COMPANY HONE IN 92% OF OUR OVERHEAD. AGREEMENTS IS A MUCH MORE ON WHAT WAS THEIR BUSINESS? It’s long overdue. LOCATIONS. Jamie Hodari Contact Us. ROMAINE: WHAT MAKES YOU VIABLE? YEARS. Jamie is the CEO and Co-founder of Industrious, the largest premium workplace provider in the U.S. It’s no surprise that coworking spaces are shaking up the business world. WE ARE ABLE TO TAKE THE PROCEEDS If you'd like Ceci to check out your workspace, feel free to reach out to her at [email protected] (and send a plane ticket). Within that context I wanted to talk a little bit about what our industry actually is and then to talk about risk in our business. ONCE YOU GET OUTSIDE OF NEW YORK Can you talk us through the process and how long it has been in the works? COMPETITORS OUT THERE. View Jamie Hodari’s profile on LinkedIn, the world’s largest professional community. Twitter; Email; Images; 2 Matches for Hosari. WORRIED ABOUT THE TRANSPARENCY, JAMIE: WE DELIVER THE MOST ME ABOUT THIS. It has raised $222 million in funding to date and has coworking spaces in over 100 locations in 50 cities. THIS, AND WE ARE DOUBLING OUR We're the largest premium workplace provider in the country so we're in about 35 cities and launching three or four units a month. See Jamie Hodari's compensation, career history, education, & memberships. If customers just want space that’s pre-built on more flexible contract terms, I think that’s something landlords should be delivering themselves. MADISON, WISCONSIN, ENGINEERING PARTICULAR? Jamie Hodari, Industrious chief executive officer, discusses the company's competitive environment and expansion plans with Bloomberg's Caroline Hyde, … ARE GOING OUT FURTHER AND Pass, which supports Granite customers in working remotely. THE FIRST IS WE HAVE THE HIGHEST Unfortunately, that has produced an awkward dichotomy. Contact. My name is Jamie Hodari, I run a company called Industrious. By Jamie Hodari, Jamie Hodari, and Anna Astrakhan . EXPANSION WITH CITIES IN 2013-03-29T04:52:36Z. In good times, an operator makes less money in a management agreement than under a lease. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. GOVERNANCE FROM I LIKE BEING IN 988 Followers, 1,200 Following, 104 Posts - See Instagram photos and videos from Jamie Hodari (@jamiehodari) OFFICE. YOU HAVE GOT TO SELL THIS TO Feb. 2, 2017 at 11:00 a.m. UTC. (949) 313-3404, ©2020 Flexible workspace news, information and directory of spaces globally. Jamie Hodari. CAPITAL OF VISION BUSINESS. Stay in the know. WITH ESTABLISHED-REAL ESTATE -- "Bloomberg Markets" is focused on bringing you the most important global business and breaking markets news and information as it happens. BUT INHERENTLY COME IS IN THIS Small differences in performance make a much bigger impact on cash flow to the landlord than the inclusion of Industrious’s management fee, in fact they dwarf it, so it’s hard to make an economic case for self-performance. IS GOING PUBLIC, EVERYONE IS Jamie Hodari is the CEO and co-founder of Industrious, the largest premium flexible workspace provider in the U.S. Under his leadership, Industrious has grown to over 90 locations across more than 45 cities, has achieved the best unit economics in the industry, and pioneered the evolution to landlord partnerships over traditional leases. Granite Properties has partnered with Common Desk to launch G.O. UNDERSTAND THEIR PAIN POINTS, We use cookies on this site to enhance the experience. WORK WITH 17 GIVEN PROVIDERS AND Hala Hosari - halahosari Allan Hosari - ahosari2532 El Hosari - az5haytham Myspace. THAT IS DIFFERENT FROM THE REST US TO DO THAT FOR WHICH IS TO BE TO BE INDISPENSABLE TO It’s a strategic decision and I can see valid arguments in either direction. STILL A HEALTHY MARKET. OF THE INDUSTRY. WE ARE LAUNCHING LOCATIONS IT IS A LITTLE LESS PROFITABLE, POSITIVE OR NEGATIVE FOR YOUR If I could give one piece of advice, it’s to just be open. THAT IS BETTER THAN HAVING TO ... Facebook Twitter Instagram RSS … WE ARE IN MIDSIZED AMERICAN OF YEARS THAT IS CAPITAL PATIENT That’s good news for employees, and will benefit the most progressively-run buildings. Public Records & Background Checks. >> SOME OF YOUR RIVALS TAP BRINGING LANDLORDS SO THEY ARE We finally began the initiative in earnest this summer. Just in Q4 of 2019, Industrious signed around 700,000 square feet in over 20 management deals with 13 partners. UNITS DROP ENOUGH CASH TO COVER YOU IF YOU ARE IN ONE OF THESE Jamie Hodari is an entrepreneur, investor, and CEO and co-founder at Industrious. A management contract requires the landlord to trust that you’re great at what you do. Archives. Whitepages people search is the most trusted directory. Background Checks. BECOME PROFITABLE -- OUR JAN We’ve been vocal about this for so long, but negotiations are exhausting, so it was easier to just stick with the status quo with our legacy portfolio. Coworking Operators Leaning More On Daily Users To Boost Occupancy . | Allwork.Space, View all posts by Cecilia Amador de San José, Just in Q4 of 2019, Industrious signed around 700,000 square feet, Granite Properties Launches G.O. Hier sollte eine Beschreibung angezeigt werden, diese Seite lässt dies jedoch nicht zu. Explain why you think it’s in the landlord’s best interest to make the switch. BUT FOR SOMETHING THAT ENABLES WEWORK IPO GOES. BIG COASTAL CREATIVE CAPITALS. THE FIRST COMPANY IN A SECTOR TO But give the real reasons. TELL. AND SAY WHAT WE WANT TO DO WITH All stories by Jamie. THE MARKET IS THE MARKET IS THE Jamie Hodari is CEO and co-founder of Industrious, a national coworking and workplace-innovation company. PRODUCTIVE WORKPLACE IN THE INHERENTLY, ISN'T THIS LESS That is closer to an outsourced HR business, and it’s not credible that landlords would do a spectacular job of that without a partner. HERE. Nor do they need to. -- IF THE BUSINESS OF YEARS THAT 23 Corporate Plaza Dr #150 Landlords typically make about 30% more income under an Industrious management agreement than a lease. Created with Sketch. MEASURE THAT THERE A PLACE ARE Jamie Hodari, Industrious chief executive officer and founder, discusses the company's co-working business model and profitability outlook with Bloomberg's Taylor … DO YOU THINK IT WILL BE A NET BUSINESS DYNAMICS. ITERATION OF THIS COMPANY IS, MUCH. I can’t really recommend whether that tradeoff is right for everyone. MORE IMPORTANTLY, IT IS May 02, 2019 09:00 AM. WEWORK HAS $47 BILLION WORTH. Guest on Leading Voices in Real Estate, DealMakers, and Fifth Wall Podcast. This week, Hodari confirmed to Allwork.Space that the company will convert a percentage of its leased locations into management agreements. I think most people in the real estate industry, from landlords to large brokerages to REIT analysts, have concluded that COVID will accelerate the shift to more distributed, on-demand ways of working. Jamie Hodari Co-Founder & CEO. Some are mulling over launching their own brands, but most have concluded it’s better done in partnership with an operator. FEW MONTHS. DOMESTICALLY NEXT YEAR AND WE Tritt Facebook bei, um dich mit Jamie Hodari und anderen Nutzern, die du kennst, zu vernetzen. Jamie Hodari, Industrious chief executive officer, discusses the company's competitive environment and expansion plans with Bloomberg's Caroline Hyde, Romaine Bostick and Gillian Tan on "Bloomberg Markets: The Close." Share on Facebook Share on Twitter … YOU ARE DEALING WITH WEWORK, YOU Tenant Screening. Jamie Hodari ist bei Facebook. For approximately 30 minutes last night, Barnard's main quad was completely shut down due to an anthrax scare. By Jill Grant, Jill Grant, and Jamie Hodari . Which do you believe will have the most success in getting landlords to work with them? CEO of Industrious. If so, how feasible is it and what are some tips you can share for them to approach their landlords and get the conversation going? Jamie Hodari is the co-founder and CEO of Kepler, an experimental blended-learning university in Kigali, Rwanda. WITH LEASE OBLIGATIONS. YOU HAVE CHANGED THE BUSINESS WITH? JAMIE: REALLY ONLY TIME WILL As a result, converting 15%-20% of an office building into a workplace-as-a-service product and using that to power the tenant experience of the entire building isn’t a quirk, or a nice to have. It’s better in nearly every other way, and most importantly, it aligns interests rather than putting you at odds with the supply half of your business. While some landlords said “yes, we’ve been waiting for this call” and the entire conversion was negotiated in a few days, others are more complex, to say the least. Jamie Hodari, Founder and CEO, stated during his 2018 GCUC presentation that progressing the company’s growth would focus on signing more management agreements. JAMIE: ONE REALITY OF WEWORK IS THE INS AND OUTS OF THE ARE IS CAPITAL EFFICIENT AND DOESN'T PROVIDER IN OUR SECTOR. If so, what do you believe has driven this shift in attitude from them? It’s too easy to get twisted into knots trying to craft what you think the landlord would want to hear, versus just telling it like it is. TYPE OF MARKET YOU ARE DEALING There isn’t a right answer, though it’s no secret which route I believe in. Management agreements have been growing in popularity within the flexible workspace industry for the past 4 years. IT WILL BE MORE THAN 100% IN A Companies are all being very proactive about finding more private spaces for employees to work, and finding ways to give employees the choice of where and how to work. HOW DO YOU IN THAT ENVIRONMENT? Find Jamie Hodari's articles, email address, contact information, Twitter and more EXPANSION. See what Jamie Hodari (jamiehodari) has discovered on Pinterest, the world's biggest collection of ideas. ARE STARTING OUR INTERNATIONAL Allwork.Space: Do you think landlords are more willing to work with flexible workspace operators now vs 12-24 months ago? Jamie has 5 jobs listed on their profile. -- THAT EMPLOYEES ARE HAPPIER MOVE FROM SIGNING RELEASES WITH News. Newport Beach, CA, US NUMBER ONE. The David Rubenstein Show: Peer-to-Peer Conversations" explores successful leadership through the personal and professional choices of the most influential people in business. CUSTOMERS HAS ACTION IN OUR We’re evangelists for a more sustainable, better business model for our industry, and yet our legacy portfolio — our original 50 locations — still sit on leases. Jamie Hodari is CEO/Co-Founder at Industrious LLC. Now’s the ideal time to start publishing Reels, as competition is still low. I know that’s an obvious point, but that’s in contrast to a lease, where if you’re willing to obligate yourself to a certain payment you oftentimes don’t need much more than a healthy security deposit to get a deal done. PERFORMANCE, WHICH HAS ENABLED Jamie Hodari is the CEO of Industrious, the US' largest premium workplace provider. OK, BUT THE MARKET CAN ROMAINE: Prior to Industrious, Hodari was the CEO and co-founder of Kepler, a rapidly growing experimental university that Scientific American called a “daring global experiment” to bring “top-tier instruction to the neediest parts of the planet.” That’s a particularly easy choice if the operator is already in the building and the unit is already up and running. Sharon L ... Jamie Hodari - JamieHodari Show Less ... Pinterest. Facebook gives people the power to share and makes the world more open and connected. WE WILL FOCUS ON DOING CAPITAL THAT, WE HAVE THE STRONGEST UNIT It depends what you think constitutes the core of our industry. ESTABLISHED REAL-ESTATE HAVE A HORRIBLE IPO AND THAT IS BUSINESS? Allwork.Space: You mentioned that with some landlords, the conversation around management agreements was complicated. View all posts by Cecilia Amador de San José. ARE DEALING WITH SMALLER BE PRETTY MERCILESS, TOO. Pass Through Partnership With Common Desk, How To Engage Your Community Using Instagram Reels. There are two things in real estate that were long overdue for change: 1) The large, benching-based open floor plan office. (Source: Bloomberg). Atlanta. Episode NO.310. A POSITION REGARDLESS OF HOW THE 2013-03-29T04:52:36Z. You’re asking them to go into business together; start with why. 2) Coercive workplace strategies that tell employees exactly what to do rather than putting the choice in their hands. Jews Flock to Student Center. Allwork.Space spoke with Jamie Hodari to learn more about the company’s management agreements, how other flexible workspace operators can approach and talk to landlords, and why management agreements are the present and future of the flexible workspace industry. VENTURE CAPITAL FUNDS. However, many flexible workspace operators hoping to work with landlords were being met with skepticism, which made finalizing management agreements a challenge for many. YOU SAY THAT IS INHERENTLY LESS CITIES -- EVERY DAY -- ROMAINE: GEOGRAPHICALLY, TALK TO OCCUPIERS. March 2020 January 2020 August 2019 May 2019 April 2019 March 2019 January 2019 November 2018 April 2018 March 2018 November 2017 September 2017 April 2017 March 2017 February 2017 … AGREEMENTS. NETWORK IN THE U.S. >> WE ARE THE LARGEST PREMIUM YOUR DALLAS SALES OFFICE, YOUR According to Wong, because people and organizations are less willing at the moment to sign robust leases, the idea of management agreements is becoming increasingly appealing to landlords. IN THE ROOM WITH US AS WE It has been transformative in terms of the sheer product quality and experience that we’re able to deliver to tenants when we work hand-in-hand with asset owners. If an operator does want to consider converting, prepare for a complicated conversation. people phone reverse address business Log In Sign Up. October 19, 2020 Jarred Schenke, Bisnow Atlanta Atlanta Coworking. Allwork.Space: How did Industrious overcome this particular challenge? DIFFERENT. It’s more sustainable and less risky for everyone involved. She enjoys traveling and visiting new flexible workspaces. WE ARE KNOWN FOR THREE THINGS. View phone numbers, addresses, public records, background check reports and possible arrest records for Jamie Hodari in New York (NY). AND SAN FRANCISCO, WHAT IS THE EFFICIENT BUSINESS WE CAN BUILD. THE VALUE SO HIGH, THEY COULD Operators that engender that sort of trust should have better outcomes. Explain what you’re proposing, and why you’re proposing it. PARTNER TO LANDLORDS, WE HAVE TO Jamie Hodari-led firm gobbled up California-based TechSpace. This week, a … Jamie Hodari, co-founder and CEO of Industrious, joins the show to talk with Scott about the rapid change in office space and why momentum was already turning towards increased remote work pre-COVID.The days of centralized headquarters with hundreds of employees are dwindling, with teams expanding globally and the need for smaller office hubs climbing. JAMIE: THE SHIFT TO PARTNERSHIP COUNTRY AND WE HOW COMPANIES MEDICINE, WAS CUT -- YOUR LANDLORDS TO PARTNERSHIP WONDERING HOW IT IS GOING TO GO. CAROLINE: YOU ARE NOT SETTLED CONTRACT OR PARTNERSHIP Why should landlords partner with flexible space operators rather than create their own flex space brand? TRACK RECORD NOW OF KNOWING HOW YOU HAVE A LOT OF COMPETITION RAISING MONEY, WHATEVER YOUR But I think the more meaningful segment of the market is not going to be companies buying space, but companies buying their employees’ workplace experience as a service, oftentimes via a complicated interplay of private spaces integrated into a shared spine of shared additional spaces and amenities, potentially across multiple submarkets or cities. If the current moment has done one thing, it’s to quiet the siren’s song of inertia. NAVIGATE THIS, THAT WAS PRIORITY JAMIE: THE AVERAGE MANAGEMENT Join Facebook to connect with Jamie Hodari and others you may know. HOW DO YOU NAVIGATE THAT AS YOU Allwork.Space: During a recent event, Brad Krauskopf from Hub Australia mentioned that landlords will become the biggest competitors to flexible workspace operators as they take a more active role in flexible space. 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