Is Now the Time to Renegotiate Or Right-Size?

Is Now the Time to Renegotiate Or Right-Size?

Recessions don’t have many redeeming qualities, but they do create opportunities that wouldn’t exist otherwise. Let me explain myself with an example. During our current economic downturn, commercial and retail spaces have often been leasing at reduced rates. Many of the prime locations already have been scooped up by opportunistic businesses. There still are good [Read More]

Looking Ahead at Construction Materials

Looking Ahead at Construction Materials

As the economy continues to improve, construction demand is slowly increasing. As a result, the demand for construction materials is also increasing and one has to assume those costs will continue to go up throughout 2011. Recently, I was talking with one of our fabricators who supplies steel for projects throughout the nation and he [Read More]

Three Years and Counting

Three Years and Counting

Few people endure slumps and a downturn in performance as often as professional athletes. Even the greatest sports stars suffer through stretches where seemingly nothing goes right. During his heyday, Michael Jordan had a commercial in which he stated, “I’ve failed over and over and over again in my life.” Then, after a short pause, [Read More]

Right-Size For Profits

Right-Size For Profits

Right-sizing, why did I not have this in my vocabulary before ’07?  Makes sense. We are constructors of buildings and handle the civil management of projects, but the bottom line is that we are service providers. Just like architects, engineers, lawyers, bankers or accountants, all service providers of different sorts. We need to be adjusting( [Read More]

The Healing Process

The Healing Process

As our work takes me throughout the southeast, I continue to see optimistic signs that commercial markets are on the upswing. Increases for everyone Retail occupancy is improving, apartment rental rates are starting to increase and we are feeling more buzz around our office. More phone calls for opportunities.  While these steps might be small, [Read More]

Ups and Downs: A Down Economy Opens the Door for Start Ups

Ups and Downs: A Down Economy Opens the Door for Start Ups

“Necessity is the mother of invention.” I have always believed this as a truth, particularly in these tough times. Some jobs might have vanished in the recent Recession, but to me, creative ideas will always be with us. There are plenty of smart people out there who found themselves unemployed in the past year. Instead [Read More]

Take Lemons and Make Lemonade: Embrace Workplace Evolution

I was listening to NPR recently and they were discussing how the Recession isn’t the only culprit behind recent job loss. Throughout modern society, the ability to work in certain fields has ebbed and flowed based upon changes in culture and advances in technology. The example they gave was from the 1920s. Before motion pictures [Read More]

Tips from the Trenches: CEO’s Recession Strategy Improves Leadership in Any Economic Climate

I was recently reading Institutional Investor, a magazine that provides financial commentary and survey results directly impacting investment decisions. They’ve just announced their  “All-American Executive Team” award winners for multiple corporate titles. This is a composite from a survey of 570 sell-side analysts at more than 100 securities firms and 780 buy-side investment professionals at [Read More]

All For One and One For All

All For One and One For All

You’ve heard the Three Musketeers shout it as a show of selflessness and solidarity. It’s the national motto of Switzerland. I’m proud to say it’s also a mantra of the Stewart Perry team. When the economic downturn started affecting commercial construction, our CFO Del Allen and I were forced to take a hard look at [Read More]

Building a School Library Strengthened a Community, a Partnership and our Team

Last week we received a plaque from The Heart of America Foundation for the improvements we provided an inner city Atlanta elementary school. It’s a beautiful memento covered with pictures of students enjoying their new space. As I looked at all the smiling faces, it reminded me why we made the commitment last June. Jim [Read More]