Friday, June 20, 2025

My Legacy Project. A Commercial Real Estate Journey


They say everyone has a book in them. Mine has been rattling around for over a decade, occasionally tapping on the inside of my skull and whispering, “It’s time.” Well, that time has finally arrived.
 
Yes, folks, I’ve embarked on a project that more than a few of you have encouraged for years: I’m writing a book. There. I said it.
 
Some of my peers have chuckled knowingly and offered congratulations. Others have asked, “What took you so long?” And a few have raised eyebrows and muttered, “After all, that’s what old guys do.” I’ll admit, I resemble that remark.
 
But this isn’t a memoir filled with nostalgic tales of the ‘good old days’ (although there might be a few of those, because let’s face it—some of them are just too good not to share). Nor is it a textbook of dry theory or recycled motivational fluff. This book will be part personal, part tactical. A blueprint of sorts—for those interested in understanding how one broker carved out a successful commercial real estate practice by focusing on fundamentals, relationships, and a few contrarian bets.
 
The tentative title? SEQUENCE: A Commercial Real Estate Success Formula – How I Became a Successful Producer and How You Can Too!Yes, it’s a mouthful. But I’m not writing this for literary awards. I’m writing it to help people in our business—especially those who are just starting out or struggling to find their stride—shortcut a few of the lessons I had to learn the hard way.
 
At its core, the book is built around a framework I’ve developed over 40 years in the trenches: SEQUENCE. Each letter stands for a key stage in the commercial real estate transaction cycle, from sourcing opportunities to expanding your practice. I’ve also included another acronym, QUALIFY, to help readers better assess the viability of a deal and the motivation of a client. (Yes, I like acronyms. No, I’m not sorry.)
 
The book will be peppered with real-life anecdotes—some triumphant, some humbling—all intended to reinforce the lessons I’ve taught in seminars, shared in columns like this one, and practiced day-in and day-out with my clients. It will also spotlight the tools and mindsets that helped me break through ceilings, bounce back from setbacks, and build a sustainable, scalable career in this wonderful and maddening business we call commercial real estate brokerage. 
 
Now, before you start placing Amazon pre-orders, I should level with you: This will take time. My goal is to finish by the end of 2025. I’ve learned that writing a book is a lot like a commercial lease negotiation—there are drafts, redlines, delays, and the occasional moment where you question everything. But there’s also joy in the process, especially when you know the outcome will serve others.
 
So, why now?
 
Because I believe we don’t just owe our clients our best—we owe it to the next generation of brokers, entrepreneurs, and business owners to pass along what we’ve learned. This book is my attempt to do just that. A legacy project, maybe. But also a practical toolkit that I hope will help someone—maybe you—get from where they are to where they want to be.
 
Stay tuned. I’ll keep you posted on the progress. In the meantime, if you’ve ever considered writing a book of your own, I have one word for you: start.
 
After all, that’s what old guys do

Allen C. Buchanan, SIOR, is a principal with Lee & Associates Commercial Real Estate Services in Orange. He can be reached at abuchanan@lee-associates.com or 714.564.7104. His website is allencbuchanan.blogspot.com.
 
 

Friday, June 13, 2025

What’s Really Holding Back Manufacturing in California? My Readers Had Thoughts.


When I asked whether manufacturing could make a comeback in California, I expected opinions. What I didn’t expect was how many of you would write back—with passion, perspective, and firsthand experience.
 
Several longtime brokers, business owners, and property operators reached out with stories spanning decades—many with a shared theme: California doesn’t make it easy to build or keep things here.
 
One former industrial broker recalled relocating factories throughout downtown Los Angeles in the 1980s. Then came the state’s cap-and-trade policy. Practically overnight, his relocation business dried up. Later, when he purchased a company that tested gas meters for regulatory compliance, he experienced the same policy from the other side—as a required vendor. “I saw the devastation of that rule from both careers,” he said.
 
Another reader, an industrial property owner and operator, offered this blunt assessment: “If I were younger, California wouldn’t be high on my list to start a manufacturing plant.” He lost his first building to a Caltrans eminent domain action, spending five years in court to get fair value. After relocating, his new site was downzoned for residential use, leaving him with a conditional use permit and uncertain future.
 
And then there were the comments about outsourcing—not just of jobs, but of environmental impact. One reader pointed out that many of the regulations we impose on manufacturers in California are simply sidestepped when products are made overseas. Industries like plating, painting, and circuit board production face strict scrutiny here—but far less abroad. “We all buy the China goods,” he said, “but we should at least admit we’re contributing to global environmental problems.”
 
It’s not all frustration, though. What stood out to me wasn’t just what these readers had endured—but how much they still cared. They aren’t bitter. They’re tired. Tired of unpredictable zoning, endless permitting delays, and policies that seem to penalize job creators.
 
In my previous column, I outlined five priorities for reviving manufacturing in California: regulatory reform, land use stability, energy reliability, workforce development, and targeted incentives. Based on your feedback, I’d add one more: listen to the people on the ground.
 
The decisions we make in city halls and state agencies ripple outward—sometimes for decades. Want to grow clean tech? Preserve industrial zoning. Want local jobs? Support the employers who are already here. Want sustainable supply chains? Don’t offshore our pollution.
 
California doesn’t need to be the cheapest place to manufacture. But it does need to be competitive, reliable, and forward-looking.
 
Manufacturing won’t return on sentiment alone. It requires trust, coordination, and smart policy. We still have the talent, the infrastructure, and the entrepreneurial spirit. What we need now is the will.
 
Let’s not lose the manufacturers we still have while we wait for the next reshoring trend to arrive. Let’s make California a place where building things is still possible—and worth it.

Allen C. Buchanan, SIOR, is a principal with Lee & Associates Commercial Real Estate Services in Orange. He can be reached at abuchanan@lee-associates.com or 714.564.7104. His website is allencbuchanan.blogspot.com.
 

Friday, June 6, 2025

Don’t Just Close — Expand: The Final Step That Multiplies Your Deal’s Value


In commercial real estate, we live for the close. The lease is signed, the escrow is funded, the commission check hits your account — and we’re on to the next one, right?
 
Not so fast.
 
After more than four decades in this business, I’ve learned that what you do after a deal closes can be just as important as what you did to get it there. That’s why the final step in my deal SEQUENCE — a framework I’ve developed over years of trial, error, and refinement — is something I call “Expand.”
 
Let me back up a step. SEQUENCE is an acronym I use to describe the entire commercial real estate transaction continuum:
Source, Evaluate, Qualify, Under Contract, Execute, Negotiate & Close, and Expand.
 
Each step builds on the previous one. But it’s that last piece — Expand — where most brokers stop short. And that’s a big mistake.
 
You see, Expand is where a good transaction turns into a great reputation. It’s how you take a single successful deal and multiply its value — through visibility, credibility, and connectivity.
 
Let’s start with visibility. When a deal wraps, you have a golden opportunity to share the success with your audience. No, I don’t mean bragging with “Just closed another one!” That’s not expanding — that’s broadcasting. True visibility comes from storytelling: Who was the client? What was the challenge? How did you help solve it? And most importantly — what does their success now look like?
 
I like to position the client as the hero, and myself as the guide. A short, sincere LinkedIn post or newsletter blurb that highlights their win and the process behind it can go a long way. Bonus points if you include a photo of the building, a testimonial quote, or a link to a case study. These are powerful digital breadcrumbs that tell the market you’re active, effective, and trusted.
 
Next is credibility. When you consistently share closed deals — not just listings or market updates — your audience sees results. And results matter. I’ve had multiple referrals stem from nothing more than a prospect reading about a client I helped in their industry. That kind of third-party validation builds the kind of credibility no cold call ever could.
 
Finally, let’s talk about connectivity. Every transaction touches a dozen or more players: the client, the other broker, lenders, attorneys, title reps, contractors, city officials, neighbors. Each one of them is a potential source of future business — but only if you stay top of mind. Expanding means staying connected, circling back with a thank-you note, or looping them into the deal announcement. That one extra step often opens doors you didn’t even know existed.
 
Here’s a real-world example: A couple years back, I helped a manufacturing client relocate into a bigger, better facility in the Inland Empire. We publicized the deal in a few targeted places — LinkedIn, a trade journal, and a quick blog post. Within a month, I’d received two inquiries from other owners in the same industry asking if I could help them too. One of those turned into a six-figure assignment. All from a little “Expand.”
 
So the next time you celebrate a closing, take a breath — then take action. Publicize the win. Tell the story. Loop in your network. Because in this business, your last deal isn’t the end of the road — it’s the beginning of your next opportunity.

Allen C. Buchanan, SIOR, is a principal with Lee & Associates Commercial Real Estate Services in Orange. He can be reached at abuchanan@lee-associates.com or 714.564.7104. His website is allencbuchanan.blogspot.com.