New Friend Marketing Inc. - Women in Business Interview

New Friend Marketing Inc. - Women in Business Interview:
Q & A with Lucina Enterprises Ltd.’s owner Stephanie Battiston

Introduction:

Q: Introduce yourself: role, industry experience, etc.)

A: My name is Stephanie Battiston and I am the managing director of Westrock Property and the Battiston Group of Companies (Westrock). I am the third generation family member leading this industrial real estate, property management and development group of companies and I am the sole owner of Lucina Enterprises Ltd. (Lucina) which is affiliated to these companies. 

I received my BBA from Capilano University and have a Masters of International Business from the University of Hertfordshire in England. I also have had my trading services real estate license since 2013 and am currently a REALTOR® at Macdonald Realty in North Vancouver. 

Born and raised in Vancouver, and currently residing in Whistler, I work primarily out of Westrock Property’s North Vancouver office but our portfolio includes over 300 tenants in 35 multi-unit industrial properties across Vancouver, North Vancouver, Burnaby, Coquitlam, New Westminster, Whistler and more recently Squamish and Penticton. 

Backstory:

Q: What inspired you to start Lucina?

A: I was always so inspired by my grandfather, aunt and father’s entrepreneurial drive and determination to bring Westrock to the successful group of companies that it is today. 

After 15 years of my personal experience in the commercial/industrial real estate industry paired with my business education background, I started Lucina to dive into solo projects where I can expand and diversify my own growth in the industry. 

Company future:

Q: What is your vision for Lucina’s growth, both in the near future and over the long term? Where do you see the company making the biggest impact?


A: I know that I still have a lot to learn, but I also feel that I can offer a unique and creative approach to real estate investment and development industries. I feel I have developed a leadership style shaped by core values of collaboration, professionalism, growth, curiosity, creativity and integrity. 

I would love to invest in something unique and really diversify from our typical portfolio of multi-tenant industrial properties. It is exciting because I feel like right now nothing is off the table. I am always looking at what might be a fun and creative avenue to develop, renovate or invest in. That’s the benefit about branching out through Lucina - I am not solely looking at our typical niche market per se; expanding geographically or into a new type of real estate world would be exciting and I think a smart business move for Lucina! 

Representation:

Q: When it comes to higher-level roles in your industry, women account for only 27% or less. (director and executive management roles). Why do you believe having women in leadership roles is important for the future of the industry?

A: Leadership and the modern workplace is evolving quickly and I believe that discovering your own unique leadership style and tapping into your strengths is so beneficial to being a leader in any industry. 

I think the most important thing to having women in leadership roles is that we can really bring an opportunity for different perspectives. Allowing for diversification of personalities and leadership styles within an organization can help companies reach a more innovative and progressive road to success. There is always room for growth and learning and having that mentality is fantastic for any company. 

For me, I think a major advantage of being a female leader is that we often don’t think we are the experts or that we know everything there is to know. As a result, I try to approach each big decision or meeting with curiosity and open to collaboration. Is there something my team may know more about than me? What do they think about the situation? 

I feel that the leadership approach of “my way or the highway” can actually be quite inhibiting for a company, especially in a rapidly growing and changing industry. Companies that are not open to hearing their team’s ideas regardless of hierarchy, gender or role can really be missing out on opportunities for learning. Good ideas can come from anywhere in your organization so listening to your team is huge!


You hire people for a reason, don’t overlook your most vital resource!

Team:

Q: How does having a primarily women-led team impact the culture and success of your businesses? How do you encourage innovation and creativity within your team?


A: I try to create an open and growth-centric approach to leadership. I want to be approachable because I want to foster an environment where people feel safe to share their ideas and feelings without feeling like they will be chastised for suggesting something outside of the box. In my experience, some of the best ideas can come from the people you least expect it to. You choose people to be on your team for a reason, and I think by investing in growth, learning and giving people room to feel inspired and take risks you can foster that growth as a company culture. 

I try to set the atmosphere to be very team oriented. We have our individual roles, but I put out big decisions to the group so we can all discuss our ideas. 

Breaking Barriers:

Q: What challenges have you faced as a woman in industrial real estate and construction, and how have you overcome them?


A: I think for a lot of my history working in this industry, I was often put down for being “too nice”, “too friendly” and “too sensitive”. I was told having empathy was a weakness and I always felt ashamed of it. A people pleaser perfectionist to my core, I also always worried about what people thought of me and was afraid to make suggestions or speak up in meetings over a fear of sounding “stupid”.

However, what I have learned is that these traits are actually strengths when utilized in the right ways. Through gaining confidence, accepting my differences from those around me and leaning into some of my more “girly” labeled traits - I was able to shift my mindset to instead see them as my “super-powers”. 

I learned to harness my differences and keep working towards my goals and staying true to my beliefs and core values. 

I have found that my empathy allows me to see a lot of sides to a negotiation / disputes and be able to be very creative and solution–focused without having blinders on. Creating connections with stakeholders and networking in and outside our specific industry has been so helpful in finding supplementary businesses to help us grow. Being sensitive and having emotions helps me have a sense of understanding as a leader to be able to integrate important policies that have brought our company to be a great employer that retains our employees. Perfectionism and people pleasing tendencies have kept me organized and determined to not let others and myself down.

Setting boundaries has also been key in evolving as a leader for me. This was especially vital in my unique workplace environment - being the only female family member in a family business in a male dominated industry. 

My leadership style has varied from the generations before me as I feel I am more open to collaboration, learning and growth, networking and team-based environment to harvest growth. 


I think I had to learn not to take things personal. I also had to learn a “let them” mentality. As soon as I stopped worrying what people thought of me or if they thought I was just a dumb girl, I was able to instead focus on my energy on my goals and the solutions that bring the company overall success. If someone thinks you are dumb - let them, it’s their loss. 

Q: How do you see your company making a positive impact on your industry or community?


A: I think right now we are in an era of change on multiple levels. We are trying to attend a lot of events, conferences and gather insights and expand our team’s knowledge. Some of our best ideas for overall direction of the company have come from discussions that were sparked at a conference, talking to friends in other industries or keeping up to date on what is going on with other companies. Seeing how we can adapt and grow and apply what we learn to our own company is monumental. 


Advice & Inspo:

Q: Have you had any inspiring female mentors throughout your life/career? How have they influenced your journey?


A: Although my mom is not involved in the Westrock companies - she is an entrepreneur and currently runs her own personal training company. She has been very influential for me as she is a role model in the way she takes risks, follows her goals and works hard to always keep growing. She is self-made, confident and driven but is always kind, charismatic, empathetic and sensitive. I think I get a lot of my best traits from her. 

Also, I really try to surround myself with driven, intelligent and focused women who build me up and support me. I have been a part of several female leadership groups and found that very inspiring and helpful. I lean on my friends a lot and often for advice and to bounce ideas off of. We have very intellectual and professional conversations and are vulnerable with each other. I think that surrounding yourself with like-minded people in all aspects of your life who inspire you and challenge you is invaluable. 

Q: What steps do you think companies can take to support more women pursuing leadership roles?

A: I think it is very company specific, but I think the first step to breaking the “leaky pipeline” which is losing women as they raise to higher level positions, is to have more women in those positions of leadership - especially in male dominated industries. 

A lack of female representation overall in certain industries is a barrier itself.

So we almost need to fix the leaky pipeline in order to break the glass ceiling. It is somewhat a cyclical issue but overall I think taking a chance on women, seeing what they have to offer, and hiring them if they are qualified for the job and a good fit.  Being open to change, being open to hearing other people’s ideas - even if you do not agree, sometimes being heard is so important for employees. 

 I also feel that a culture or environment that has a lack of flexibility for change deters women. I think a lot of the more rigid “it’s done this way because that’s the way we have always done it” mentality is extremely detrimental to keeping female employees long term. 

Q: What advice would you share with women aspiring to break into male-dominated industries or pursue their own entrepreneurial journey?


A: Don’t worry about what other people think. Go for it and try to just stay true to your beliefs and what your end goal is. Try new things, go outside of your comfort zone to grow and learn. Don’t hold back because you will regret not following through and investing on your ideas, your goals and yourself. You will always learn from mistakes so don’t be paralyzed by a fear of making them!

Squamish Industrial Development Project - Lucina Enterprises Ltd.

I’ve been posting updates of the multi-tenant industrial project at 38924 Mid Way, Squamish on Lucina Enterprises Instagram account - @lucinaenterprises Follow for construction updates and lots of digger and concrete pouring content!

We are working with RAM Construction on this project and we are expecting to complete the project by Summer of this year. For more info visit www.lucinaenterprises.com

Kindred: Trying Out the New Home Swap App

Over the winter, in addition to listing my Creekside Condo on Airbnb, I tried out this new home swapping app called Kindred. I came across an ad for Kindred on Instagram and was intrigued by the idea of home swapping, having never done it before. After further research, I learned that Kindred provides a way for home owners who maybe don’t fall under zoning for nightly rentals to either swap homes traditionally or gain credits to then use for future stays around the world at other Kindred members homes.

The platform is easy to use and the customer service is fantastic. They offer a concierge service that you can text with any questions and they get back to you right away. When listing your house or condo on Kindred, you have to apply and attend an orientation before you are accepted into the community. I believe that they only accept homes that meet their requirements and guidelines, but once you are a Kindred member, the homes available for potential stays are beautiful and the portal platform is very easy to use! Once you finish orientation and your home is listed, they hire a professional photographer for you (free of charge), send you toiletries, towels and bed sheets for guests and hire a cleaner for you. They make listing your place as easy and stress free as possible.

You can also review the detailed profiles of people requesting to stay at your home and they often send an introduction video. I found people using the app to be very friendly and respectful. This is likely because they are also home owners themselves. I found it to be really helpful to be able to get recommendations and suggestions from the people staying at your home and the hosts you connect with.

Kindred promotes their app an opportunity for injecting some spontaneity in your regular travelling plans. You have two options. One, you can put your house up to swap with another member on the dates you want to travel. The portal will then either match you with a place in your desired area, or you can leave it open to accept swaps with anyone else interested all over the world. Two, if you simply want to list your place, and not swap, you can bank credits and use them at a later date. The only catch is you must use the credits only to stay at a Kindred member’s home. Once you bank credits there are quite a lot of homes to choose from, you just search for the area and dates you want, then you can use your credits.

It is quite a cool idea and after a winter of Airbnb-ing my place (and having strangers be quite rough with it) I am going to stick to just listing it on Kindred for now.


I have posted some photos of my condo that the professional photographer took in this post. For more photos of my condo follow it on Instagram - @creeksidecondo So far I am a big fan :)




Been a While!

Seems it has been a while since I made a new blog post…guess I have been busy!

How to recap on the last 8 years? To keep it simple, I’ll list in point form a quick spark notes summary of the things I have been most excited about / proud of in the last few years (personal & career-wise) and in no particular order:

  • Designed, managed and decorated the build of a 1000sf modern and Scandinavian style laneway house in North Vancouver

  • Facilitated and coordinated several industrial renovation projects with Westrock Property

  • Represented buyers in Industrial investment sales and residential sales across the Lower Mainland and in Whistler

  • Listed, marketed and sold a beautiful, luxury new home in Penticton @pentictonlakesidehome

  • Purchased a condo in Whistler, lightly fixed it up and have been marketing it for nightly rentals @creeksidecondo

  • Received the building permit for the 38924 Mid Way, Squamish multi-tenant industrial project

  • Received the top mark in my class on my dissertation for my Masters of Science in International Business program, if you have the time to read it, click here

  • Learned and expanded my knowledge in a wide variety of subjects through courses in building technology, building code and real estate (also tried my hand at Autocad)

    • more blog posts to come from these topics ^

I am sure there are some things that I am missing, but these are the first ones that came to mind. Time to shake off the rust and get the blogging juices flowing again! In the meantime here is a video of a photo a day from the Laneway House build.


Thanks for reading!

Steph

Exciting Things Coming to Lonsdale!

It seems that every month I hear about another plan for a new development in the Lonsdale area. As a young homeowner and real estate agent in North Vancouver this is very exciting news. The influx of new apartment buildings, plans for a Ferris wheel, Tap and Barrel patio, Whole Foods, Browns, Shipyard Plaza etc. is contributing to a refreshing transformation for the community. In my opinion, this "urbanization" will improve the appeal of living on the North Shore and spark a rise in the real estate market. The current value of existing houses and apartments will increase as Lonsdale becomes more established, and desirable area to buy into. 

 

Another upside to all of this new development is that it will provide more options for affordable housing on the North Shore. Especially for young buyers, like myself. From personal observation, I have seen a notable trend of buyers in their 20s-30s purchasing apartments near Lonsdale instead of downtown Vancouver. Not only as their first home, but also as their first major investment. This is a positive trend, in my opinion, for the economy of BC because with the expensive cost of living and lack of jobs for young professionals, many of them are moving out of province. I think it is important to provide affordable housing for those yuppies to start their lives here. Also, with increased population on the North Shore, there will hopefully be improved and increased infrastructure. There are a number of businesses and industries that will benefit greatly from these improvements to the North Shore and increased population density.

Interesting Article on Global Appeal of Vancouver Real Estate Market

A friend of mine posted this article from the New Yorker, written by James Surowiecki that I found very interesting. This article explains Vancouver's housing market from a global perspective and the real estate trends we are currently experiencing as a result. 

When price-to-income or price-to-rent ratios get out of whack, it’s often a sign of a housing bubble. But the story in Vancouver is more interesting. Almost by chance, the city has found itself at the heart of one of the biggest trends of the past two decades—the rise of a truly global market in real estate.
— Surowiecki

Surowiecki goes on to explain that foreign investors are choosing Vancouver because of its social and political stability as a "hedge city" and its proximity to the Pacific Rim. He also mentions a safe feeling with reference to climate change.

These foreign investment and global interest serve as a benefit for current home owners, but a challenge for many buyers. The surge in housing prices in Vancouver bring both good and bad changes to our city. I am interested to see other's opinions on the matter.

City of North Vancouver City Shaping Meeting

On April 15th I attended a City Shaping Town Hall meeting at for the City of North Vancouver discussing the possibility of allowing coach houses in addition to basement suites in the central Lonsdale area. It was very interesting to hear all opinions and it was great to see such a big turnout. I think that getting involved in your own community is very important. Both voicing opinions and listening to others is detrimental to any plan's success.

The main points that were brought up in last month's meeting were that some residents were concerned about lack of infrastructure in North Vancouver to support the high density predicted, over-populated neighbourhoods, and lack of parking. On the other hand many residents found that a couch house and a basement suite would be beneficial as it could support a larger and extended family, save on child care and could also serve as a mortgage helper for those that need it. North Vancouver is a beautiful place to live and central Lonsdale is an up-and coming, highly sought-after neighbourhood. By adding more coach houses and basement suites it provides the option for a more diverse community as it provides several housing options.

The City Shaping City of North Vancouver Official Community Plan is in Stage 4: Draft OCP. This includes discussions and input on the OCP draft. They do this through open houses, focus groups, town hall meetings, and more. I thought at this meeting a lot of great points were brought up. If you would like to see a video of what happened at this meeting it is available on the City of North Vancouver's Website, or see below.

How you can get involved:

•Sign up for regular updates at CityShaping@cnv.org
• Attend an Open House 
• Fill out a Feedback Form 
• Review the latest Summary Reports
• Follow us on Facebook, Twitter
• Check our webpage regularly at www.cnv.org/CityShaping

Passive House Technology

REW.ca sent out this article about passive house technology a couple of weeks ago. I found it to be very interesting as it looks great, in my opinion, and provides long-term environmental and economical benefits for the owner. There are a couple Passive Houses in Whistler that I think look very modern and simple, which I love in the design of a house. One of them was the Austria House for the 2010 Olympics and another is a duplex. Click on the links and videos below to learn more! Definitely worth while to take a look. 

A video of the new Whistler's first Passive House, built and showcased for the 2010 Winter Olympics.