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Eric Lonergan

Executive Managing Director at Savills North America

Professional Background

Eric Lonergan is a distinguished Executive Managing Director and Market Leader at Savills, based in Seattle. With a keen focus on commercial tenant representation, Eric stands out for delivering services that are underpinned by zealous advocacy, innovative thinking, and exceptional analytical skills. His approach emphasizes a transparent work ethic, maintaining objectivity and accountability—strengths that resonate well with his clients.

In his role, Eric works closely with corporate clients, assisting them in creating well-researched and thoughtful business cases concerning real estate matters that demand consideration from leadership teams. His ability to devise strategic plans that incorporate logic-based and non-confrontational negotiation techniques sets him apart in the competitive landscape of commercial real estate. Underpinning his efforts is a strong foundation of financial analysis that enables clients to make informed decisions.

Before joining Savills in 2020, Eric amassed two decades of experience at Washington Partners, where his contributions significantly bolstered the firm's standing in the market. As a shareholder and senior leader, he not only played an indispensable role in showcasing Washington Partners as the preeminent independent tenant advisory firm in the Pacific Northwest but also seamlessly transitioned those efforts to Savills, enriching their offerings to clients. During his tenure at Washington Partners, Eric completed an impressive 4 million square feet of commercial real estate transactions between 2017 and 2020, showcasing his hands-on aptitude and deep industry insights.

Education and Achievements

Eric's educational background is grounded in a Bachelor of Arts degree in Politics and Government, acquired from the prestigious University of Puget Sound. This foundation has undoubtedly provided him with the critical thinking skills and understanding of organizational dynamics that are crucial in commercial real estate.

His formative years included a progressive education at Marin Academy, where he likely developed leadership skills and a strong ethical compass that would later guide his professional endeavors.

Alongside his professional trajectory, Eric has remained dedicated to serving the community and furthering educational causes. He has previously held the role of Board Member at Pacific Crest Montessori, where his insights and experience in tenant representation likely added significant value to the institution's governance.

Achievements

Throughout his career, Eric Lonergan's achievements are particularly noteworthy. At Savills, his team continues to refine their tenant advisory practice by incorporating more substantial consulting capabilities and expanding their global reach. This evolution signifies Eric's commitment to providing unparalleled service to his clients while ensuring that ethical standards remain intact, especially in an industry where conflicts of interest can arise with ease.

With over 4 million square feet of completed transactions between 2017 and 2020 alone, Eric has demonstrated his capacity to navigate complex deals, meeting client needs effectively while fostering sustainable business relationships. His record not only highlights his expertise but also reflects the trust that clients place in his abilities to advocate for their interests comprehensively.

In his current position, Eric Lonergan is poised to influence the landscape of commercial tenant representation positively, guided by his unwavering principles and commitment to excellence. Through his efforts at Savills, he continues to be a beacon of knowledge and skill in the commercial real estate world, forging pathways for clients to achieve their real estate goals competently and ethically.

Highlights

Jan 27 · linkedin

In my latest article "Cleaning Up the Hybrid Mess," I address the challenges of unstructured hybrid work models that were nicely highlighted by Emma Goldberg in her interview this week with New York Times podcast host Michael Barbaro.

This piece is a response to the issues identified by Goldberg, focusing on creating a more effective hybrid program that is designed to maximize both employee satisfaction and organizational health. For further insights, listen to Goldberg's full discussion on "The Daily" podcast, linked in the comments below.

#hybridworking #futureofwork #remotework #newyorktimes

Jan 21 · linkedin

Very insightful perspective from NYT writer Tripp Mickle discussing how different generations are responding to the current wave of tech worker layoffs, which unfortunately seems to be just beginning.

"For Gen X, the dot-com collapse hit early in their careers. From 2001-05, the tech sector shed one-quarter of its workers, according to an analysis of Bureau of Labor Statistics data by CompTIA, a technology education and research organization.

The layoffs that swept the industry were worse than the recession of the early 1990s, when total jobs in the tech sector fell by 5%, and the global financial crisis that followed in 2008, when the workforce contracted by 6%.

The biggest job increases in tech came after the pandemic started, as companies rushed to fulfill surging demand. In 2022, the sector added nearly 260,000 jobs, according to CompTIA, the most it had added in a single year since 2000."

My Take:   As a GenXer who experienced the devastating dot-com recession of 2001 where 25% of tech workers were laid off, here is my advice to younger knowledge workers (including my own teenage children who will be entering the workforce in the coming years). Important note: this is geared towards knowledge workers with less than 10 years of professional experience.   If you are employed by a company that you enjoy working for and have an opportunity to attend a workplace 3-4 times per week, do it (even if it’s not mandated). The in-person experience presents an opportunity to build trusting relationships with colleagues and managers, to learn new skills, to establish a professional reputation, and to assemble an invaluable network. The meaningful connections that you build could truly be the foundation for your career and may potentially insulate you from current and future layoffs.

If your current employer is embracing 100% teleworking, or if the leaders are rarely present even as the pandemic has waned, the company you work for may not be placing enough value on career development and upskilling of young talent, so it could be worthwhile to seek employment elsewhere (even in this economic climate).   If you have been laid off recently, as you search for your next job keep in mind that 100% remote-eligible roles are being rapidly commoditized on a global scale, and that AI, ML and outsourcing may further impact the market value of the remote knowledge worker going forward. Hybrid roles will be more valuable in the long run.

No matter what your current situation is, your biggest competitive advantage in the emerging AI-assisted world of global knowledge work is your ability to build meaningful relationships with other humans who authentically care about you personally and professionally. Not to mention your ability to read and react to social cues and body language, and to upskill and reskill through training and mentoring - all of which have proven to be much more effective in-person!

#futureofwork #ai #globalbusiness #techjobs #techlayoffs

Related Questions

How did Eric Lonergan develop his expertise in commercial tenant representation?
What innovative strategies has Eric Lonergan implemented at Savills Seattle?
In what ways does Eric Lonergan ensure objectivity and accountability in his real estate dealings?
What are some notable commercial real estate transactions completed by Eric Lonergan during his career?
How has Eric Lonergan contributed to the growth of Savills since joining in 2020?
Eric Lonergan
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Location

Seattle, Washington, United States