Businesses can follow Spurs “Good to Great” example

Wright, John_CroppedBy John Wright, Managing Partner, PS&Co.

As I write this article, we are hours away from the San Antonio Spurs beginning the NBA finals against the Miami Heat for the second straight year.  A little about me – first, I am a sports fan and second, a HUGE Spurs fan.  I know many of you, likely most of you, would also say that you are huge Spurs fans, too.  Over the past week, as the finals have grown closer, much has been made of the accomplishment of the Spurs team, the coaching staff, and the organization as a whole.  According to many of the “experts,” few teams, if any, could have recovered from such a devastating loss and had the focus, drive, and determination to return to the finals for a shot at redemption.  Obviously, the Spurs are no ordinary team.  And they are no ordinary organization.

While it can be hard to fully separate the Spurs fan inside of us, we can look at the Spurs and take some great organizational lessons.  When you hear members of the team, the coaches, or even Peter Holt talk about their success this year, you hear them mention the principle of “Good to Great.”  Much of the inference is applied to moving the ball to improve a “good” shot to a “great” shot.  However, that business principle is not new.  The book “Good to Great: Why Some Companies Make the Leap…And Others Don’t” by James C. Collins must be the catalyst.  Further, in those same interviews, you will hear the players talk about culture, commitment, accountability, teamwork (okay that is one they should say), leadership, development, and on and on.

When you look at them through a “non-sports” lens, the Spurs do what we all strive to do.

  • They hire and retain the best talent. The core of the team has been together for a number of years and stay in San Antonio by choice. Don’t forget how seemingly close Tim Duncan was to becoming a member of the Orlando Magic. He, like the others, has stayed because of the organizational difference.
  • They manage and maintain their culture. And they don’t just announce it – they live it. Their culture is clear and consistent.
  • Leaders lead. Peter Holt simply doesn’t get the credit he deserves. He certainly is in a position to be a dominant voice in Spurs operational decisions. Yet, clearly he lets his leaders do their job. I love coach Pop, but I am sure that there are a lot of owners that might not have been able to check their ego and let Pop be Pop. Similarly, Coach Pop had to set aside some of his own control when R.C. Buford became the team’s General Manager. And the examples go on all the way down the bench. Again, the Spurs demonstrate a “Good to Great” principle in getting the right people in the right seat on the bus.
  • They adapt. Just like in business, the market changes, our capabilities change, and products change. While the Spurs will still hold firm the team’s commitment to defense, they clearly are not the same defensively focused team they were when they won their last championship.   In those days, with the same core players, about the only time you saw the Spurs fly up and down the court was when they were matching the speed of the old Mike D’Antoni Phoenix Suns. Those were fun, high-scoring games, but they were rare. Several years ago, Pop and his staff revamped their offense to better suit their roster. While they are still focused on key defensive principles, today the Spurs are a much different team because of their ability to adapt.
  • Lastly, and today most obviously, they take their experiences for what they are and work to improve. I think the “experts” are right. Few, if any, teams or organizations could have responded so well after last year’s loss in game six of the finals.

Admittedly, I am a Spurs “homer,” however, they are a wonderful example for many businesses on strategic thinking, organizational planning, and execution that we should all look to emulate.

In closing, I’d like to leave you with a couple of quotes:

F. Scott Fitzgerald ~ “Never confuse a single defeat with a final defeat.”

Tim Duncan ~ “We’ll do it this time.”

Go Spurs Go!

Security Service Federal Credit Union acquires 66 acres for potential future development

Security Services Federal Credit UnionSecurity Service Federal Credit Union (SSFCU) officials today announced they have acquired 66 acres from Santikos Real Estate Companies for potential future development. The land is bordered by IH-10 frontage road, UTEX Boulevard, and Leon Creek Greenway.

Aerial Exhibit

SSFCU was represented by Dominion Advisory Group in the acquisition. According to SSFCU President, Jim Laffoon, “As a growing enterprise we are delighted to acquire this property in such a rapidly developing part of the city. With several business units currently in leased facilities, development of a campus on this site will allow us the ability to consolidate our back office operations for many years to come.”

SSFCU selected this location for its close proximity to its Corporate Headquarters, allowing flexibility to meet future expansion needs efficiently and effectively, which may include the relocation of the Corporate Headquarters should that prove to be beneficial.

Security Service is exploring the possible sale of its La Cantera facility and is working with Dominion Advisory Group and CBRE to market the property.

To explore development options for the property, Security Service has engaged Pape Dawson Engineers, Inc. for civil engineering, while Lake Flato and RVK Architects, in a joint effort, will provide site master planning and building design. Dysart LLC will provide development management services.

About Security Service Federal Credit Union
Security Service Federal Credit Union offers competitive, affordable financial products and services designed to meet the needs of its members. Headquartered in San Antonio, Texas, Security Service is an industry-leading financial institution with $7.7 billion in assets and 70 locations in Texas, Colorado and Utah. The credit union is among the top 10 credit unions in the nation. Security Service strives to be America’s best credit union and provides the true benefits of credit union membership with financial services of the highest quality and value. Learn more at www.ssfcu.org or call 1-888-415-7878.

May 2013 Word from the Chairman

Rollins_Brad-ChairmanOn behalf of the board of directors, thank you for your membership and involvement with the North SA Chamber. Since the beginning of the year we have welcomed more than 80 new members and refocused our energies on orienting new members and facilitating participation across the organization. In doing so, we have initiated a personalized welcome for all new members at monthly Networking Breakfasts, personal calls from Membership Committee members, an email series detailing visibility opportunities, and most recently, we have added a new staff member to help navigate new members into involvement that best matches individual focus areas. Christabel Cook is the North SA Chamber’s new Marketing & Membership Services Coordinator and she is available to help connect you to chamber resources.

Government Affairs
On May 1st, the North SA Chamber was honored to host U.S. Senator Ted Cruz for a Small Business Roundtable discussion at the chamber office. A dozen business owners had the opportunity to ask their Senator direct questions and express their concerns over topics including tax reform, government contracting availability for small businesses and health care reform – among many others. We thank Sen. Cruz for asking the North SA Chamber to host the discussion and we were pleased to provide our members the opportunity to have their voices heard before their elected official.

More recently, our Government Affairs committee gained insight on the issues of higher education funding, downtown development, health care and justice.

UTSA Director of External Affairs Albert Carrisalez reviewed the State’s changing role in higher education funding. He explained that up until the 1970s, public universities relied heavily on the legislature for funding. Today, State funds are only about 17% of UTSA’s budget. UTSA been a responsible steward and has been successful in raising private funds from the community for many of their capital building and research funding needs. The university is now seeking approximately $46M from the State to build a new science building to replace their existing 37 year-old obsolete building. The university asks for your support before the legislature to support SB 16 for revenue bonds.

We were also joined by Director of Center City Development Lori Houston. As a direct result of SA2020 vision planning, Houston’s department was created to facilitate redevelopment of our inner city and downtown core and her team is focused on creating more housing and retail opportunities. Here’s a quick synopsis of our downtown economic impact. Downtown is home to an $11B tourism industry – the city core’s anchor, 65K employees representing $2.4B in wages, and 3.4K households accommodating 18K downtown and surrounding area residents. Overall, this has a $6B economic impact on San Antonio. Additionally, Center City is working to mitigate the regulatory challenges to development in downtown, reviewing and amending the Universal Development Code annually and offering incentivized development. If your business is part of a new development or redevelopment project in downtown or the surrounding area, please seek out Center City Development to help facilitate meetings with city departments.

Finally County Commissioner Tommy Adkisson reviewed the County’s focus areas in transportation, healthcare, neighborhood revitalization, jail population reduction, resource recovery – recycling, and energy consumption reduction. Overall, approximately 62% of County revenue comes from property taxes and the County focuses 80% of their efforts on health and justice. Commissioner Adkisson explained that as property values have increased, the County has been diligent to maintain or lower tax rates. The County works with the State, Texas Workforce Commission and nearly 40 nonprofits to correct offenders re-entering society in an effort to reduce re-offenses and volume in Bexar County jail. On the heath front, Commissioner Adkisson says the University Health System is focused on clinical treatment versus emergency, reactive care. The UHS is moving to a leadership role in diabetes control to lessen the costly care that can result from lack of preventative treatment.

Upcoming Events
We’ve got a full slate of summer programs scheduled and there’s sure to be a topic to meet you interest area. Our first CSO SustainAbility Summit is Wednesday, May 22, from 11 a.m. to 1 p.m., at the Hilton San Antonio – Airport. CSO Workshops, presented by the Mission Verde Alliance, precede the Summit from 8:30 to 11 a.m.

I hope you’ll join us to “Get the Bexar Facts” at the Eighth Annual State of the County Address with Judge Nelson Wolff on Friday, May 24, from 11 a.m. to 1 p.m., at the Omni San Antonio Hotel at the Colonnade. Judge Wolff will present the County’s priorities and will likely announce a newsworthy initiative or two.

Additionally, the Small Business How 2 Series topic is How 2 Generate Social Media Content: Strategy, Photo, Video and Blog. The seminar is designed for small businesses just launching a social media strategy and will take place Thursday, June 6, from 8 to 11 a.m. at Hilton San Antonio – Airport.

Lastly, the Technology Council presents the Business Technology Series: Accounting Software & Your Business on Wednesday, June 12, from 7:15 to 9 a.m. at the Petroleum Club. Learn more about what considerations should be made before purchasing, upgrading or transitioning programs.

Be a part of it.
I hope you will join us at these and our other upcoming events, enroll on a committee and be a part of it all here at the North SA Chamber. Thank you for all you do to keep Bexar County strong and I hope to see you soon.

Duncan to retire, O’Donnell named CEO of USAA Real Estate Company

usaa logoPat Duncan, CEO of USAA Real Estate Co. (“RealCo”), will retire from the day-to-day activities of the company effective May 1, 2013. Mr. Duncan will remain on several entity-related company boards, including the RealCo board as executive vice chairman. He will also remain on the boards of various RealCo subsidiaries and affiliates.

Len O’Donnell will succeed Pat Duncan as CEO of RealCo.  For the past two years, Mr. O’Donnell has served as RealCo’s president and chief operating officer, overseeing all operations of the company to include acquisitions, global investing, capital markets and portfolio management.

“Pat’s record, especially successfully leading RealCo during the recent economic downturn, is outstanding,” says Joe Robles, USAA president and CEO. “Thanks to Pat’s leadership, USAA Real Estate Company has grown to be a major industrial developer that is highly respected, and Len has proven himself well-qualified to build on that tradition.”

Before he joined USAA, Mr. O’Donnell was a RealCo development partner as he served as principal and chief investment officer for Crimson Real Estate Fund, which specialized in value-added acquisitions and build-to-suit development. A graduate of the University of Delaware, Mr. O’Donnell also served as president and CEO of Crimson Capital Ltd., a diversified real estate investment company offering investment management services, as well as development, property management and leasing.

About USAA Real Estate Company
USAA Real Estate Company, with approximately $12 billion in assets under management, provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors.  The USAA Real Estate Company portfolio is diversified by product type and location and includes investments in real estate operating companies.  USAA Real Estate Company is a subsidiary of USAA, a leading financial services company, serving military families since 1922.  For more information, visit www.usrealco.com.

About USAA
USAA provides insurance, banking, investment and retirement products and services to 9.4 million members of the U.S. military and their families. Known for its legendary commitment to its members, USAA is consistently recognized for outstanding service, employee well-being and financial strength. USAA membership is open to all who are serving or have honorably served our nation in the U.S. military – and their eligible family members. For more information about USAA, or to learn more about membership, visit usaa.com.

Crimson Real Estate Fund and USAA Real Estate Company Announce Build-To-Suit For TGS

usaa logocrimsonCrimson Real Estate Fund, L.P. (CREF), and its co-investment partner, USAA Real Estate Company, have acquired eight acres of land in west Houston to build a new headquarters for TGS-Nopec Geophysical Company (TGS). At approximately 97,500 rentable square feet, the 3-story office building and 408 surface parking spaces will be built on Clay Road, near Beltway 8.

The proposed building will be TGS’ North American headquarters. This new facility is designed to meet TGS requirements and will allow for future growth. The Project will be leased in its entirety to TGS.

Patrinely Group, LLC, the development management affiliate of CREF, will develop the building. Crimson Services, LLC, also a related entity to CREF, will provide on-site property management. Jon Silberman of NAI Houston represented the tenant and Dennis Tarro of Crimson Services, LLC represented the landlord in the transaction.

Crimson Real Estate Fund, a real estate opportunity fund, is managed by Crimson Real Estate Advisors, L.P., based in Houston.  USAA Real Estate Company is the largest single investor in CREF and also co-invests alongside CREF, which serves as the sponsor/operating partner. CREF, in addition to funding BTS office and multifamily developments around the country, acquires and repositions real estate opportunities in key growth markets across the United States.

About Crimson Real Estate Advisors, LP
Crimson and its affiliates have acquired and developed assets valued in excess of $3 billion over the past 25 years. For more information, visit www.crimsonrealestateadvisors.com.

About USAA Real Estate Company
USAA Real Estate Company, with approximately $12 billion in assets under management, provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors.  The USAA portfolio consists of office, industrial, retail and hotel properties as well as investments in real estate operating companies. USAA Real Estate Company is a subsidiary of USAA, a leading financial services company, serving military families since 1922. For more information, visit www.usrealco.com.

About Patrinely Group, LLC
Patrinely Group, an affiliate of Crimson Real Estate Fund, is as a national real estate development firm specializing in commercial office and residential projects throughout the United States. For more information, visit www.patrinelygroup.com

About Crimson Services, LLC
Crimson Services, LLC provides property management and leasing services to real estate owners and users. Crimson currently manages approximately 3 million square feet of Class A office space throughout the United States. For more information, visit www.crimsonservicesllc.com

Crimson Real Estate Fund and USAA Real Estate Company Acquire Urban Infill Land in Manhattan

Crimson Real Estate Fund, L.P. (CREF), and its co-investment partner, USAA Real Estate Company, have acquired an urban infill multifamily development site in New York.  Patrinely Group, an affiliate of CREF, will co-develop the property along with DHA Capital LLC, a New York-based real estate development firm.

The 0.634 acre site is located at 546 W. 44th Street on Manhattan’s west side. The proposed project will have 298 units of market rate (80 percent) and affordable (20 percent) housing in addition to a full complement of amenities. The two-building project is slated to begin construction in the first quarter of 2014.

Crimson Real Estate Fund, a real estate opportunity fund, is managed by Crimson Real Estate Advisors, L.P., based in Houston.  USAA Real Estate Company is the largest single investor in CREF and also co-invests alongside CREF, which serves as the sponsor/operating partner. CREF acquires and repositions real estate opportunities in key growth markets across the United States.

“We are pleased to be entering the market with a well-located site with USAA and working with DHA Capital, whose principal Dan Hollander is experienced in developing Class A multifamily properties in Manhattan,” said Dean Patrinely, managing principal of Crimson Real Estate Advisors.

About Crimson Real Estate Advisors, LP
Crimson and its affiliates have acquired and developed assets valued in excess of $3 billion over the past 25 years. For more information, visit www.crimsonrealestateadvisors.com.

About USAA Real Estate Company
USAA Real Estate Company, with approximately $12 billion in assets under management, provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors.  The USAA portfolio consists of office, industrial, retail and hotel properties as well as investments in real estate operating companies. USAA Real Estate Company is a subsidiary of USAA, a leading financial services company, serving military families since 1922. For more information, visit www.usrealco.com.

About Patrinely Group, LLC
Patrinely Group, an affiliate of Crimson Real Estate Fund, is as a national real estate development firm specializing in commercial office and residential projects throughout the United States. Finding innovative solutions for our clients has been at the heart of the Patrinely Group experience for 30 years.

About DHA Capital
DHA Capital LLC is a New York-based real estate development and investment firm.  DHA focuses on the development of high-quality urban infill real estate projects. The firm offers its partners and clients a long history of hands-on real estate experience covering multiple asset types.  DHA Principals have successfully developed $2.5 billion in residential mixed-use development and have a combined 30-year track record of successful projects.