Name: Kenneth Hecht
Title: Principal
Company: Hecht Development
Location: 30 Monument Square, Suite 101, Concord, Mass.
Date of birth: February 4, 1956
Family: Wife, Patty; Daughter, Danielle (21); Son, Brendan (18)
College: University of Illinois, Civil Engineering; Washington University & Northeastern, MBA studies
First job unrelated to your current field: Civil engineer building power plants
First job in real estate or allied field: Investment broker with Coldwell Banker Commercial 1985
What do you do now and what are you planning for the future: Build the Hecht Development ownership portfolio with 50,000+ s/f retail, office and industrial buildings
Hobbies: Coaching, working out, reading, travel with friends and family
Favorite book: "No Ordinary Time" - Doris Kearns Goodwin
Favorite movie: "Saving Private Ryan"
Person you admire most (outside of family): Warren Buffett
Key to success: Add value in everything that you do.
If you had to choose another vocation what would it be? Coaching
In this column, I want to discuss a basic principle of building relationships, then share a few lessons I’ve learned along the way. I call it Social Energy. The concept is simple: surround yourself with successful people, develop relationships, and participate in activities that put you in the same circles as the people you want to do business with.
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.