Top 5 ICNY 2018 Takeaways

via Raj Qsar / The Boutique Real Estate Group

As I landed back into LAX after yet another ICNY I am again humbled and optimistic about the future of our industry. There is just something about being around so many amazing people from all over the world. I am thankful for the opportunity not only to attend but to present on multiple subjects on the main stage. From technology problem solving, to video marketing to lead generation & conversion.
Some of the most amazing conversations happen in hallways, after parties and intimate dinner convos at amazing restaurants. This is where you get time (precious time) with people who are shaping our industry. Their thoughts, ideas, and stories simply encourage me to push forward. People who have paved the way for the next generation and people who are simply up and coming and blazing their own trail.
Every year I try and take a few things with me. Things that will not only change my mindset and pull me out of my box but also instruments I can put into motion within my workspace. With that in mind, here are my top 5 takeaways from ICNY 2018.
1. One of my favorite quotes came from Rayni Williams and she said, “you have to be obsessed with this business or else you will be just average.”  Let that sink in a bit. It really made me think of what we are doing day to day, minute to minute. Is it obsessed? From every phone call, text, email, handshake, signed contract, design, marketing, technology…. Are we obsessed with excellence?
2.  Indy Connect is such a highlight now at ICNY. Many of these “indy’s” are not so small anymore. WE are not “mom & pop” shops working out of our neighbors’ garage! We are pushing our industry and making decisions that impact everyone. We are agile, nimble, aggressive and able to compete at the highest level on a global scale. I love what Vanessa Jones Bergmark said on Day 1 at Indy Connect, “Ignore the big boys. The revolutionary war was won by a group of scrappy independents.” OMG! #TRUTH We are quality over quantity. Depth over width.
3. This years keynote was Simon Sinek who was interviewed by Andrew Flachner with RealScout. What resonated with me was when Simon was chatting about working hard & being fulfilled, “Working hard for something we do not care about is called stress; working hard for something we love is called passion.”
4. There was a nice focus this year on coaching and being coachable. I think so many agents are just scared of the word “coach.” Maybe they do not want to open up? Maybe they do not want to dive deep into their business? But having a coach is now the norm in our industry as they are able to give and provide something just a bit different than your office manager, broker or owner. One particular session was led by Alyssa Hellman from Compass South Consulting. She said, “coaches are not a crutch, they are an asset to help you reach peak performance but you have to be coachable. You need to decide if you are committed.” 
5. And rounding out my personal Top 5 for ICNY 2018 is the #womanup initiative driven by C.A.R. leader Sara Sutachan. In 2017, C.A.R. launched its Women’s Initiative. Even though the real estate industry is predominantly female, women are underrepresented in leadership positions at both the brokerage and senior management levels. The goal of C.A.R.’s Women’s Initiative is to create a community where mentors and leaders can communicate, collaborate, advocate for, and support one another. Download the white paper here. Register for the 2nd Annual Woman Up Conference Here.

 

 Since You Made It This Far it is only fair to throw a few bonus tips out!

6. Sharran Srivatsaa Top 10 Tips for Success from the nations highest performing sales teams: “Success Leaves Clues”
7. Hey Carpool Fans! Enough said. Watch here!
8. Book Review via The Notorious ROB: Disrupters, Discounters & Doubters
Connect with Raj Qsar:

Bring a bottle…bring a friend…

🍷Please join us on the 1st Wednesday of EVERY MONTH for our infamous “Book Club.” Why do we call it a book club? Well, we tried to start a book club a few years ago at our office. The goal was to review one book a month that related to our business and just get our team together to network and build an amazing community. I can proudly say that we did not get through one single book, but we did find out that we all enjoy wine. And we had the best time! So we decided to make it official and invite all of you to our book club!! 😂

Where: The Boutique Real Estate Group, 3385 E. Imperial Hwy, Brea, Ca 92823

When: 1st Wednesday of Every Month

What: Wine (Bring one bottle of wine valued at $20+ and please bring a friend). No books, please.

Who: Everyone is welcome

RSVP: If you want to or just show up. Raj@TheBoutiqueRE.com // 714-412-5019

 

Top 8 for ICNY 2018

1. Make a hit list of the people you want to meet “in real life.” Connect is an amazing time to solidify some of those online relationships and connect with people who you admire and respect and make that true emotional connection. Some of the connections I have made at Connect have become lifelong friends of mine. They are the ones I call when I need advice and encouragement. Remember this quote from GaryV“People are not addicted to social media. People are addicted to people.”  Some of my favorite folks include 👉 Vanessa Jones Bergmark, Sara Sutachan, Seth Price, Andrew Flachner, Alyssa Hellman, Lynn Johnson, Rob Hahn, Laura BradyChris Smith, Jimmy Mackin, Matthew Shadbolt, Leigh Brown, Bill Lublin, Celeste Starchild, Katie Lance, Debra Trappen, Valerie Garcia, Joe Schutt, Jay Thompson, Heather Elias, Laura Monroe, Audie Chamberlain and so many others….

2.  Attend as many sessions as you can possibly attend! DO NOT MISS ANYTHING. Specifically look for the sessions that pull you out of your comfort zone and will challenge you on a personal & professional level. See the full schedule here and meet the speakers here. This year…OMG 😳… Simon Sinek will be the Keynote and will be kicking off the festivities on the main stage at 8:55 am on Wednesday, January 24th. One of my favorite quotes from Simon Sinek that is totally in line with ICNY is, “Always plan for the fact that no plan ever goes according to plan.” Bonus: Please please please do not miss CAR’s #womanup on main stage on Wednesday at 11:45am moderated by Sara Sutachan.

3. Have you joined the Inman Coast to Coast Facebook Group? If not join here for all the latest posts, connections and updates.

4.  The Party after the Party! Do I need to say anymore? We all know the real fun starts after 10 pm! So just ask around, jump in an Uber (download app here) or Lyft (download app here) and find out where the action is. Check your email for last minute invites to all the happening VIP parties and events. If you still can not find the party make sure to DM Chalmers or Carp (they will steer you in the right direction, I promise). If you are looking for the 🎤 top-secret karaoke party then there is only one name you should know 👉 Notorious.

5. Lobbycon! You have heard all the rumors and it is true! You will find everyone in The Broadway Lounge & Bar on the 8th floor of the Marriott and this is the spot where you will meet the CEO’s, Founders, Presidents, movers & shakers all just “hanging out.” Bring your selfie stick & business cards and make sure to say hi. BTW, when is the next time you will be in the same hotel as Brad Inman, Sherry Chris, Sharran Shrivatsaa, Joel Singer, Leslie Appleton Young & Elizabeth Mendenhall.

6.  Get out into the city! New York is an amazingly gorgeous city with sights, sounds, history and killer food! And since our team at The Boutique Real Estate Group are total foodies check out this list of 100 Best Restaurants in New York City via Zagat. Or if you love to fly and want to get up in the air check out FlyNYON for a helicopter tour of the city. Hamilton! Enough said!

7. Stay fit! You will be eating, drinking & sitting in a lot of sessions. Make sure to stay fit at one of these locations: Peleton NYC, Soul Cycle, SOLACE Cross Fit, Core Power Yoga and Orange Theory are all amazing ways to keep the burn going while at ICNY.

8. Ambassadors. These are the ones who will lead us through ICNY. Joe Schutt & Laure Weston Davis have been “in charge” of this program for years now and if you have a question about anything ICNY these are the folks to ask. Have you met them? If not connect with them here.

If you made it this far and are headed to ICNY please find me in one of the sessions, lobbycon or at one of the after parties. I am currently slotted to speak at three sessions at ICNY this year so it would be amazing to connect with you!

@rajqsar

@TheBoutiqueRE

@SeriouslyOC

@CounterclockwiseSwirl

No End in Sight for Toll Brothers’ Luxe Push in OC

Toll Brothers Inc. is adding another high-end housing development to its Orange County portfolio.

Its latest addition, a 47-lot site in Yorba Linda, will likely be one of its highest-priced local communities, which is saying something for the Horsham, Pa.-based builder, whose local developments’ homes top $2 million.

The builder, whose market value is about $8 billion, recently reached a deal to buy the Stonecliff Estates development site in Yorba Linda, roughly 30 acres on the northwest corner of Lakeview Avenue and Bastanchury Road. It’s a little more than a mile northeast of the Richard Nixon Museum and Library.

The site was listed for sale a few months ago by Sal Provenza and Curt Crandall at the Irvine office of land brokerage WD Land.

It traded hands for about $44 million, a little under $1.5 million per acre, or nearly $940,000 per lot, among the highest per-lot prices for an OC housing development site not along the coast.

The land was technically bought by an undisclosed land banking firm that will sell the lots to Toll Brothers in phases, according to Provenza.

Stonecliff Estates has been in the works for nearly a decade and was sold by an entity listed in marketing documents as Bastanchury Holding Co. LP.

The sellers are affiliated with Kuwait Finance House, a large Islamic banking firm that was one of the initial equity investors in the development, according to Provenza. The property is believed to be its only OC land investment; it also has some commercial property holdings in the Los Angeles area, he said.

Toll Brothers, which bills itself as the country’s largest luxury homes builder, is no stranger to Yorba Linda (or OC, where it’s now selling at 16 different projects), and has built a few developments in the city over the past three years.

Its latest, the 119-unit Enclave project, is about a half-mile from the recently bought property. It opened last year with prices near $2 million, and was about half sold as of a few months ago, according to brokerage data.

Stonecliff Estates will likely have a higher price point, thanks to some of the largest lot sizes—about a half-acre, or a little more than 20,000 square feet—for a recent OC housing development.

Most of Toll Brothers’ other area luxe homes in Irvine and other parts of OC have lots in the 6,000- to 12,000-square-foot range. Its Alta Vista development in Irvine’s Orchard Hills community, for example, with some homes priced at nearly $3 million, has lots of about 11,000 square feet, according to WD Land.

Homes at Stonecliff Estates were envisioned to be a little more than 4,000 square feet to nearly 6,000 square feet on the half-acre lots under the prior ownership group’s proposed designs, which Toll will likely tweak.

A community opening should be in about nine months, according to WD Land’s Provenza, who previously worked on land acquisitions for Toll Brothers.

Record Year, Rents

Apartment construction in OC is projected to reach an all-time record this year, according to a new multifamily research report by the local office of Marcus & Millichap.

Nearly 7,500 units will be completed at large apartment projects across the county, a record level and one that will increase OC’s base of rentals by 3%, the report said.

The heavy development is having a slight impact on vacancy rates, which have ticked up to 4%. But that hasn’t slowed rental appreciation, which has also risen 4%. Average monthly rents now stand at $1,972.

Construction should keep pushing on into next year. There were nine apartment projects with more than 300 units under way in Anaheim and Irvine combined at the start of the fourth quarter, and two projects, each larger than 500 units, were going up in Huntington Beach, the report said.