Industrial Insights with Ty Morris of Pure Development

In this episode of the Industrial Advisors Podcast, Bill Condon and Matt McGregor welcome guest Ty Morris, a principal at Pure Development. Ty talks about his personal life, moves in Boise, and the success of his firm which has grown from 4 to 30 plus members in five and a half years. He discusses the importance of diverse hiring and the benefits of employing people from outside of the industry. The conversation shifts to Pure Development's well-diversified business model which includes their industrial build to suit, spec arm, and urban adaptive reuse mixed-use component. Ty then shares his views on current trends and opportunities in the industrial sector, highlighting the value add, net lease buying, and manufacturing areas. Concluding the episode, Ty predicts a bigger economic slowdown beginning in 2023 and discusses challenges on the real estate side. 00:035 Introduction and Welcoming Guest 01:09 Getting to Know Ty Morris 02:03 Discussing Pure Development and Industry Trends 04:30 Insights on the Build-to-Suit Platform 05:38 Exploring Opportunities in the Industrial Sector 19:26 Predictions for the Industrial Sector in 2024 24:17 Sports Talk and Wrapping Up