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CoreNet Global Industry Tracker

Spotlighting people, practices and trends that influence change in corporate real estate, commercial real estate, and economic development.

Industry Tracker Member Viewpoint
Ed ZielinskiBy Peter Notari, AIA, CFM, LEED AP
Facility Managers are challenged by the social, environmental, historical and financial demands of modern facilities development.

Industry Tracker Member Viewpoint
Ed ZielinskiBy Ed Zielinski, AIA
Developing a living facilities capital plan can help you effectively and programmatically address these pressures in today’s constantly changing and inherently uncertain work environment.

Industry Tracker Member Viewpoint
Bryan JacobsBy Bryan Jacobs, Managing Director, JLL
Picture this: the CFO of a Fortune 1000 company, speaking to investors on a quarterly earnings call, highlighted the corporate real estate (CRE) team for its successful program of monetizing certain assets and reducing carry costs of others.

Industry Tracker Member Viewpoint
Victor VizgaitisBy Victor Vizgaitis, Design Principal for Sasaki's Corporate Interiors
In designing a workplace, determining the type—or types—of space you need is one of the most fundamental decisions to make.

Industry Tracker Member Viewpoint
Lisa KillabyBy Lisa Killaby, IIDA, LEED AP, Principal, ADD Inc.
Intellectual property law firm Fish & Richardson has a long history of representing great innovators.

Industry Tracker Member Viewpoint
Mark GibsonBy Mark Gibson, Mike Straneva and John Cullins, Ernst & Young
More companies are seeking rulings from the IRS allowing them to spin off owned real estate assets into a non-taxable entity known as a Real Estate Investment Trust.  What’s behind the trend?

Industry Tracker Member Viewpoint
Greg ParsonsBy Greg Parsons, VP, New Landscape of Work at Herman Miller, and Sam Grawe, Editorial Director Herman Miller
At the outset of the 21st century, we find ourselves in a period of great inflection. Political, economic, social and technological order has seemingly given way to upheaval and uncertainty. A similar sense of uncertainty also follows us to work.

Industry Tracker Member Viewpoint
ShareneBy Sharene Rekow, VP of Business Development, Green Building Initiative
There are solid financial reasons that leaders in commercial real estate own and operate sustainable buildings. Current market reports show that the benefits of implementing green practices include: 1) reduced long-term building operating costs (energy, water, maintenance), 2) qualifying for local tax incentives, 3) increased occupancy rates, rents and sale prices.

Industry Tracker Member Viewpoint
Justin_halewoodBy Justin Halewood, Technical Environment Manager for Standard Chartered’s CRES Function
Standard Chartered Bank, founded in 1853, is an international banking organization, headquartered in London, with a presence in more than 77 countries and a world-wide staff complement of about 90,000 people.

Industry Tracker Member Viewpoint
Meaghan FarrellBy Meaghan Farrell, Vice President, LEED Green Associate
Many tenants have heard about green leases, and almost as many might wonder whether they should consider one.  The answer, for a variety of reasons, is an overwhelming “Yes!”  It is a real estate opportunity that truly benefits everyone: tenants, landlords—and not least—the environment.

Industry Tracker Member Viewpoint
CoreNet Global Should be Commended for Taking Leadership Positions on Healthy and Energy Efficient Work Environments
Adam BernholzBy Adam Bernholz, JD/MBA LEED AP, CEO GreenWizard
As a central repository for thought leadership in corporate real estate, CoreNet Global’s position statements of December 2012 on the Quality of Working Environments and Energy Management as Socially Responsible Practices are truly groundbreaking events, and certainly deserve to be praised in earnest.Read more..

Industry Tracker Member Profile
CoreNet Global’s International ‘Camaraderie’ Powered by A Rich Diversity of Industry Professionals
Profile of George P. Melas, AIA, LEED AP
George MelasFor someone who grew up in Athens, Greece – home of the Acropolis, the Parthenon and other historic treasures – it seems only natural to have forged a career around architecture, design and the built environment. Read more..

Industry Tracker Member Viewpoint
Is the drive for collaboration killing productivity?
by Hayley Dalton, Johnson Controls
Haley DaltonOver the last forty years, the workplace has changed considerably. The notion of the workplace as a static building with fixed working hours and space allocation based on status is fading. Instead, more companies are adopting open office environments designed to encourage knowledge sharing, collaboration and communication.  Read more..

Industry Tracker Member Viewpoint
by John T. Anderson
John T. Anderson
Corporate real-estate executives (CREs) are often stuck between a rock and a hard place when it comes to workspace. On the one hand, they would all like to provide the types of workspace that employees want in the hopes that it helps workers be more productive, efficient, and satisfied. On the other hand, CREs receive cost and space mandates from above that frequently conflict with employees’ preferences. Read more...

Industry Tracker Member Viewpoint
by Richard Mitton
Richard Mitton
A survey of CoreNet Global members has revealed that the top challenge facing the corporate real estate (CRE) industry is finding skilled people to deliver advanced solutions in complex workplace environments. Other challenges highlighted by the research include implementing cost savings initiatives, growth in new markets and developing new products and services. Read more...

Industry Tracker Member Viewpoint
by Bob Fox
Bob Fox
If you've been in the workforce for more than 10 years, then you've likely noticed the transformative changes happening in workplace design. Technology is spreading beyond the physical boundaries of the organization, the office itself is interactive and increasingly flexible, and employees aren't glued to their workstations. Frankly, designing a workplace today is like juggling multiple objects -- like a chain saw, two flaming batons, and a half-dozen eggs (not in the box). Read more...

Industry Tracker Member Viewpoint
by Sven Govaars
Sven Govaars
What struck me in exploring these five forces last year was their influence on each other. Each force could not be discussed in isolation and still provide deep insight into the changes we were facing. Today, I still believe that we need to see the five forces in a new way. Read more...

Industry Tracker Member Viewpoint
by Helmut T. Weih
Helmut Weih
Helmut Weih, Regional Director for Corporate Services, China, at CBRE, discusses the improving FM environment in China and Asia and the path ahead. For most companies, China remains an area of growth, driving many corporations' bottom lines. It is in all of our best interests—regardless of which side of the fence we are on—to drive improvements that ultimately make our businesses and our industry better, Weih notes. Read more...

Industry Tracker Member Viewpoint
by Steven Marcussen
Steven Marcussen
"Scare" is still in the air. Business conditions are uncertain, and taxes, healthcare costs and financial regulations are all still up in the air. Across the U.S., the commercial real estate market is being driven by consolidations, declining rents and nearly $1.3 trillion of under-secured debt coming due in the next few years. This is the current landscape that confronts any company looking to lease commercial office space. Read more...

Industry Tracker Member Viewpoint
by Dennis Walsh

Jeffrey Keitelman
Cities have always created wealth, and have always been a population sink. But if we are ever going to get out of the tailspin we are in, cities are left with two choices: either reaffirm blind faith in the power of economic growth based on the assumption that the gains of economic growth will "trickle down" and make cities fit to live in or strive for explicit societal sustainable development. No doubt we must have growth, but we must grow in a different way. Read more...

Industry Tracker Member Viewpoint
by Jefferey Keitelman and Tracy Stockton

Jeffrey Keitelman
Some real estate brokers offer to share a portion of their brokerage commissions on certain deals as a way to reduce transaction costs for their best corporate clients. Is this fairly common practice of commission sharing lawfully permitted in your state? Read more...

Industry Tracker Member Viewpoint - Interview

Tal Wright, Economic Development Director, Georgia With state and federal budgets crimped, utilities are playing a leading role in economic development now more than ever. At the CoreNet Global Atlanta Summit, we caught up with Tal Wright, Georgia Power Economic Development Director, to discuss the utility's ongoing economic development role, especially as it pertains to attracting high-tech, high-growth industries and sustainability. Read more...

Industry Tracker Member Viewpoint - Interview

Tal Wright, Economic Development Director, GeorgiaJohn C. Cushman III could be anywhere in the world at any time – hobnobbing with Major League Baseball Commissioner Bud Selig at a Boy Scouts of America event; negotiating a major headquarters office lease in a boardroom in New York; attending to business affairs at his Cushman Winery Corp.; or even at a CoreNet Global Summit. Given the breadth and depth of his knowledge and experience, Cushman lends a unique, global perspective on corporate real estate and the service provider landscape. Cushman is now Co-Chairman of Cushman & Wakefield, rejoining the family firm in 2001 upon its merger with Cushman Realty, which John and his twin brother, Louis, started in 1978. We caught up with John Cushman at the CoreNet Global Atlanta Summit to get the big picture on Corporate America, corporate real estate and the company his grandfather and great-uncle founded nearly 95 years ago. Read more...

Industry Tracker Member Viewpoint
by Mark Dixon

Mark Dixon Think of all the time we spend chasing things, reacting to situations, allowing ourselves to be carried along by other people's schedules and priorities. How often do we say we're too busy to think about something now? And what does this ceaseless activity achieve? Often very little. So let's think about the thinking process itself, how the brain works, and how we might make it work more quickly and efficiently.

Stop and think for a moment. Yes, think. We don't do enough of it. Read more...

Industry Tracker Member Viewpoint

Long-term planning is an essential part of a successful company's operations. In contrast, how engaged are public agencies in the practice of long-term planning? Business leaders must look at their investment in facility, workforce and technology in the context of how it supports their operations and competitive positioning for the long-term. Where they locate their business is part of that planning. Read more...

Industry Tracker Global Innovator's Viewpoint
by Rex Miller, winner of CoreNet Global's 2009 H. Bruce Russell Global Innovator's Award

Rex Miller
Mindshift's Rex Miller, winner of CoreNet Global's 2009 H. Bruce Russell Global Innovator's Award, discusses the hidden revolution in workplace productivity. The quality of the work environment is disconnected from factors that drive real estate decisions. Is the paradigm out of sync with reality? Read more...

Industry Tracker Leader Preview
by Chris Cooper, CEO, Charles Dunn Co.

Chris Cooper
In September's CoreNet Global Leader, Charles Dunn Co. CEO Chris Cooper examines the evolution and foundation of successful client/provider relationships.

Today's corporate real estate (CRE) outsourcing model is very different than what we saw 10 to 15 years ago. Simply put, it was a much simpler model. Corporate clients back then were looking for coverage, technology, pricing and depth. Today, the CRE outsourced partner has become a fully integrated extension of the CRE department, sharing not only roles and responsibilities, but corporate culture, office space, 360 reviews and mutual goals as well. Read more...

Industry Tracker Member Viewpoint
by Rick Cleveland

Rick Cleveland
Developing a customized portfolio strategy requires a significant amount of work up-front to first identify the needs of the organization and then establish an accurate view of the portfolio from which to build the strategy. As one begins the process of developing a strategic plan there are a few key steps to keep in mind. Read more...

Industry Tracker Member Viewpoint
by Anne Joyner Sheehan, CRE, MAI

Anne Joyner Sheehan
Take a tip from several of the country's leading real estate investors, corporate owners and asset managers: proactively reduce your property tax liability by appealing your assessments.

"There are several very effective ways to present the loss in value over the last four years to maximize property tax reductions today." Read more...

Industry Tracker Chicago Midwest Summit Edition
Blog post on The Commercial Tenant Resource by Ken Ashley, MCR

Ken Ashley, MCR
Cushman & Wakefield's Ken Ashley, MCR, blogs on the seen and heard – and scene and herd – at the Chicago Midwest Summit.

"In a rousing opening session to the CoreNet Global Summit in Chicago, CEO Angela Cain and Chairman Lee Utke (Global Real Estate Head for Whirlpool) played the theme from the '80s sitcom The Jeffersons entitled "Movin' on Up." The ditty signaled real estate's increasingly important role in Corporate America. And it certainly makes sense given the many millions in savings that real estate directors have delivered over the past several years." Read more...

Industry Tracker Sneak Preview
By Richard Kadzis

Jay Biggins
An astounding 92 percent of location decisions now involve sustainability factors, according to the results of the fourth-annual CoreNet Global/Jones Lang LaSalle survey on corporate sustainability conducted in the fourth quarter of 2010. That means more than nine in 10 times when companies choose a given place to locate or expand, they are taking sustainability into account as a primary consideration. "Corporate sustainability is here to stay," Jay Biggins says with a high degree of justifiable certainty.

Sustainability is now an established location decision factor 'because it carries the weight of three to four criteria versus other variables (like incentives) that fire on one cylinder.' Read more...

Industry Tracker Member Viewpoint
By Robert T. Osgood, Jr., Flad

Robert T. Oswald, Jr.
If you're only addressing place, or only offering solutions that result in changes to place, and not addressing the people and technology aspects, there's a strong likelihood that you're not truly enabling core business in a meaningful, measurable way – certainly not one that's going to be easily sold to the C-suite. Creating ways to team and innovate is like the BASF TV commercial in which the selling point is "we don't make your products, we make them better."

Industry Tracker Member Viewpoint
By Craig Gillespie

Craig Gillespie
There is no reason to wait – in the midst of the industry and organizational chaos that breeds new life, the time to change is now, comments Manhattan Software’s Craig Gillespie. Read more...

Industry Tracker Special Whitepaper
By Jack Heine

Jack Heine
The new FASB and IASB lease reporting standards, currently in the final stages of review and still subject to modifications (see Note #2), will place significant new demands on CRE and Financial reporting systems. Some estimates place compliance as early as FY2013. Read more...

Industry platforms appear to lack integration with company systems, a factor that could inhibit lease accounting changes.

CoreNet Global has helped Craig McPhie of Houston by providing best practices training through MCR, a great place to organize with other professionals, and first-class networking opportunities.

Craig W. McPhie, MCR
Facility & Real Estate Services
Devon Energy Corporation
Devon Realty Advisors

Industry Tracker Member Viewpoint
By Keith Perske

Keith Perske
We’ve all heard this phrase uttered by consultants, writers and engaging speakers so many times we accept it as fact. Plus, the statement seems to track with our own experience because when we try to change things in our own routines or habits, we find it difficult. So, yeah, change must be hard.

But wait.

We change every day. And I’m not talking about the little daily adjustments. I’m talking about BIG changes. We commit to a relationship, we get married, have children, go away to school, move to a new city, change jobs, move to a more expensive apartment, buy a home, etc. These are BIG changes. If any change could be labeled “hard” it would be those. Uprooting. New routines. Separation from the familiar. Yet we freely make those changes and usually jump in with both feet.

So “change is hard?” Or is that really true? Read more...

"The shifting idea of ‘ownership’ in a world of iTunes and eBooks is making us rethink how we ‘own’ real estate.”

Industry Tracker Member Viewpoint
By Sven Govaars, MCR, SLCR

Sven Govaars
By looking at forces and trends reshaping organizations, it is apparent that they are the same ones that will allow companies to change the way they work. Many are not new though they are undergoing a major overhaul of their meaning and use. This is not about semantics and it is not theoretical. Building a shared understanding and defining our terminology are key factors in our ability to communicate strategies that result from these forces and trends.

We are in uncharted territory and we have to change the maps Read more...

Richard Florida
CoreNet Global members from around the world helped to set our new Global Summit theme focus for 2011: Social Dynamics: Growing Cities, Evolving Workstyles and Global Influences. But it's not just about cities; it's also about what Richard Florida calls "mega-regions." Florida's new book, The Great Reset, delves into a location-driven paradigm change that he told us about during last September's Phoenix Global Summit. Read more...

Related Story

Richard Florida, one of the world’s leading public in shares his insights with LEADER Magazine editor Chelsie Butler that relate directly to our theme points of growing cities, evolving workstyles and global influences. In the wake of our nation’s third “Great Divide,’ Richard Florida says the key to growth is tapping into technology, innovation, talent and creativity. Read more...

Changing social dynamics beg some compelling questions about how corporate real estate can help influence the way companies interact with related drivers like corporate social responsibility, sustainable practices, location strategies, workplace, and so much more. Click here to view a related ‘deep dive’ bibliography from the CoreNet Global Knowledge Center Online.

Mattias Klum
Photographer, filmmaker and conservationist Mattias Klum will join the growing list of CoreNet Global Summit, Hong Kong headliners, which includes economist Dr. Jim Walker and Strategic Futurist and Corporate Philosopher Richard David Hames. Klum will present Our Work, Our Planet, Our Lives: Changing Corporate Ecosystems to Positively Impact the World We Live In. A tireless champion on behalf of our natural world, Klum asks us to look to our own corporate ecosystems, leadership and values to positively impact each other and the world around us. Bridging the gap between what people feel and think and how they act, Mattias will explore the whole organizational ecosystem and the chain of command in a company, showing how everyone from the janitor to the CEO matters and serves as a critical link in the chain.

Sneak preview of January LEADER Industry Tracker with David Mourning
David Mourning
The architectural sector was among the hardest hit on the supply side; maybe worse than brokers, owners, investors and developers, and that's saying something. The point is, everyone got hit by the double whammy of the financial markets collapsing and the corporate spending freeze that came with the crisis. Are things improving in a general sense for the architectural industry/profession now? IA’s David Mourning offers some thinking. Read more.