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News & Views
87 Industrial Assets Trade to Mexican REIT
GlobeSt.com (05/23/13) Bubny, Paul
Terrafina confirms that it is purchasing 87 industrial properties from a joint venture of Kimco Realty Corp. and American Industries for $600 million, including the assumption of $306 million in debt. The 11-million-square-foot deal will make the Mexican REIT the biggest owner of industrial properties in Mexico, with a portfolio of over 30 million square feet in the market. Terrafina CEO Alberto Chretin, "The addition of these assets contributes to the diversification of Terrafina's portfolio in terms of industry location and tenants. And it is... More
Abstract News © 2013 INFORMATION, INC.
Companies Share Energy Efficiency Secrets
USA Today (05/21/13) Koch, Wendy
More than 35 major companies -- ranging from Macy's and Walgreens to General Electric and HEI Hotel & Resorts -- have pledged to reduce their energy use 20 percent by the end of the decade and share their strategies as part of a federal program that is releasing its first-year results this week. Bob Holesko, vice president of facilities at HEI, says his company saves $5 million a year on utility bills thanks to such on-site retrofits as programmable thermostats and motion sensors on stairwells to keep lighting dim when not in use. Meanwhile,... More
Abstract News © 2013 INFORMATION, INC.
C&W: Broadening Investor Demand in a Market Starved of Quality Stock
Europe Real Estate (05/24/13)
A new Cushman & Wakefield study shows that the property investment market has begun 2012 strongly, with quarterly volumes in EMEA of 32.7 billion euros -- an increase of 15.7 percent from the first three months of last year. Activity was down from the fourth quarter, though, by 24.8 percent. This is not unusual, with the January-through-March swing typically quieter than the busy year-end period -- by 25 percent on average over the previous five years. Jan Willem Bastijn, Head of Capital Markets at Cushman &Wakefield, EMEA, states, "A subtle change... More
Abstract News © 2013 INFORMATION, INC.
CBRE: Taiwan Law Change Paves Way for Insurers to Go Global
Europe Real Estate (05/24/13)
A new law in Taiwan will pave the wayt for cash-rich insurance companies controlling US$450 billion (or 347.8 billion euros) of capital to enter the overseas real estate investment market for the first time. According to the latest research from CBRE, though, strict controls will limit the flood of investment in the short-term. Domestic insurance firms currently own nearly 33 percent of the Grade A office sector and are consistently the most active buyers of commercial properties in Taiwan. Taiwanese insurers’ real estate investment has grown at 13... More
Abstract News © 2013 INFORMATION, INC.
Zell's Firm Loses 3 More Executives
Wall Street Journal (05/24/13) Karmin, Craig
The latest major shake-up at Sam Zell's Equity International real-estate investment firm involved a trio of senior executives resigning earlier this week. This, in turn, has raising new questions about the company's future. Ira Chaplik, for one, is stepping down as COO to serve only as an advisor to Equity International. Brian Richter is exiting his position as general counsel, while Cheryl Engle has announced she is resigning as executive vice president in charge of tax structuring. They both are also transitioning to outside consultants to the... More
Abstract News © 2013 INFORMATION, INC.
GlobeSt.com (05/23/13) Bubny, Paul
Terrafina confirms that it is purchasing 87 industrial properties from a joint venture of Kimco Realty Corp. and American Industries for $600 million, including the assumption of $306 million in debt. The 11-million-square-foot deal will make the Mexican REIT the biggest owner of industrial properties in Mexico, with a portfolio of over 30 million square feet in the market. Terrafina CEO Alberto Chretin, "The addition of these assets contributes to the diversification of Terrafina's portfolio in terms of industry location and tenants. And it is... More
Abstract News © 2013 INFORMATION, INC.
Companies Share Energy Efficiency Secrets
USA Today (05/21/13) Koch, Wendy
More than 35 major companies -- ranging from Macy's and Walgreens to General Electric and HEI Hotel & Resorts -- have pledged to reduce their energy use 20 percent by the end of the decade and share their strategies as part of a federal program that is releasing its first-year results this week. Bob Holesko, vice president of facilities at HEI, says his company saves $5 million a year on utility bills thanks to such on-site retrofits as programmable thermostats and motion sensors on stairwells to keep lighting dim when not in use. Meanwhile,... More
Abstract News © 2013 INFORMATION, INC.
C&W: Broadening Investor Demand in a Market Starved of Quality Stock
Europe Real Estate (05/24/13)
A new Cushman & Wakefield study shows that the property investment market has begun 2012 strongly, with quarterly volumes in EMEA of 32.7 billion euros -- an increase of 15.7 percent from the first three months of last year. Activity was down from the fourth quarter, though, by 24.8 percent. This is not unusual, with the January-through-March swing typically quieter than the busy year-end period -- by 25 percent on average over the previous five years. Jan Willem Bastijn, Head of Capital Markets at Cushman &Wakefield, EMEA, states, "A subtle change... More
Abstract News © 2013 INFORMATION, INC.
CBRE: Taiwan Law Change Paves Way for Insurers to Go Global
Europe Real Estate (05/24/13)
A new law in Taiwan will pave the wayt for cash-rich insurance companies controlling US$450 billion (or 347.8 billion euros) of capital to enter the overseas real estate investment market for the first time. According to the latest research from CBRE, though, strict controls will limit the flood of investment in the short-term. Domestic insurance firms currently own nearly 33 percent of the Grade A office sector and are consistently the most active buyers of commercial properties in Taiwan. Taiwanese insurers’ real estate investment has grown at 13... More
Abstract News © 2013 INFORMATION, INC.
Zell's Firm Loses 3 More Executives
Wall Street Journal (05/24/13) Karmin, Craig
The latest major shake-up at Sam Zell's Equity International real-estate investment firm involved a trio of senior executives resigning earlier this week. This, in turn, has raising new questions about the company's future. Ira Chaplik, for one, is stepping down as COO to serve only as an advisor to Equity International. Brian Richter is exiting his position as general counsel, while Cheryl Engle has announced she is resigning as executive vice president in charge of tax structuring. They both are also transitioning to outside consultants to the... More
Abstract News © 2013 INFORMATION, INC.
The links at the end of each abstract are to the publisher, publication, or article. Some links may require registration or subscription. CoreNet Global and the content provider Information, Inc. are not affiliated with the referenced publications.
05/23/2013
Members on the Move displays multiple languages. Additional language packs may be required to view them.
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MSNBC.com: CoreNet Global outlines balanced work practices model in feature on Yahoo’s ending of telework.
- March 7, 2013
MSNBC.com: CoreNet Global outlines balanced work practices model in feature on Yahoo’s ending of telework. Combining heads-down knowledge work remotely with collaboration in the office is one of many approaches. ‘Virtual work won’t trump physical space,’ as Corporate Real Estate 2020 predicts. -
Wall Street Journal via Market Watch: CoreNet Global Survey Finds Companies Are Updating Workplace Strategies in Response to Hurricane Sandy
- February 12, 2013
Wall Street Journal via Market Watch: CoreNet Global Survey Finds Companies Are Updating Workplace Strategies in Response to Hurricane Sandy -
Did You Get Your Annual Bonus?
- February 7, 2013
Did You Get Your Annual Bonus? CEO Angela Cain featured in Globe Street.com exclusive highlighting CoreNet Global – FPL Associates’ 2012 Compensation Study results. -
American Cities Business Journals highlights CoreNet Global position paper
- January 18, 2013
American Cities Business Journals highlights CoreNet Global’s new position paper, ‘Let’s measure quality of life per square foot.’
- CoreNet Global partners with Tongji University - April 24, 2013 CoreNet Global partners with Tongji University to upscale development of strategic asset management skill sets in China. Formation of a new research and learning center for corporate real estate is one key objective of the alliance.
- CoreNet Global Announces Winners of 2013 Awards for Industry Excellence, Economic Development and Sustainable Leadership: - April 5, 2013 Judges select Fidelity, Google, Panasonic, Brick City Development Corporation and the San Francisco Center for Economic Development. Special commendations go to Louisiana Department of Economic Development, Perkins + Will’s Washington, D.C. studio, BASF North American HQ in Brigham Park, NJ, Paharpur Business Center in India, and Liberty Properties Office Building in King of Prussia, PA
- Soft Skills Take Center Stage at CoreNet Global’s Spring Forward Event, April 17-19 - April 3, 2013 NEW YORK (April 2, 2013) — More than 200 corporate real estate executives will meet April 17-19, 2013 in New York City for CoreNet Global’s Spring Forward conference on leadership development. The event will be held in East Midtown at the Convene conference center, 730 Third Avenue.
- INDIA’S YOUNG MIDDLE CLASS DRIVING ITS ECONOMIC TRANSFORMATION - March 27, 2013 INDIA’S YOUNG MIDDLE CLASS DRIVING ITS ECONOMIC TRANSFORMATION Corporate Real Estate Function Seen as Key Indicator of Increasing Business Sophistication
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CoreNet Global · 133 Peachtree Street NE, Suite 3000, Atlanta, GA 30303 · 1.404.589.3200
