CoreNet Global Announces Finalists for the H. Bruce Russell Global Innovator’s Award Finalists to Present Submissions at Harvard University

CoreNet Global Announces Finalists for the H. Bruce Russell Global Innovator’s Award Finalists to Present Submissions at Harvard University

Press Release
July 7, 2005

ATLANTA - July 7, 2005 – CoreNet Global, the world’s leading professional association for corporate real estate leaders, today announces the finalists of its annual H. Bruce Russell Global Innovator’s Award recognizing some of the world’s most respected companies.

One of CoreNet Global’s main focuses is to promote industry learning and best practices sharing among its 7,500 members. The Global Innovator’s Award has resulted in powerful, shared learning that demonstrates the best of what CoreNet Global can offer its members, and the most innovative practices in corporate real estate. The award was renamed this year in honor of the founder of CoreNet Global Learning, H. Bruce Russell.

Of the 43 entries, 10 finalists have been selected to present their innovations before a panel of senior corporate real estate professionals and leading academics at Harvard University, August 3 and 4. CoreNet Global will announce the winners at its Las Vegas Global Summit, October 23-26, and a number of finalists are expected to present their innovations in Global Summit workshops, allowing attendees to have a more detailed look at the wide range of innovative practices emerging from the program.

“For the eighth consecutive year, CoreNet Global is able to showcase solutions, best practices and innovations in corporate real estate and workplace management through the H. Bruce Russell Global Innovators Award. This year is no exception, these companies demonstrate the best of the best,” said Richard Kadzis, CoreNet Global’s director of media relations and senior contributing editor to Leader magazine.

CoreNet Global’s Global Innovator’s Award 2005 Finalists are
(listed in alphabetical order per category):

Category 1 - Innovations by Corporate Real Estate End Users

Cisco Systems - Cisco Connected Workplace
Cisco built a work environment based not on titles, but rather on the needs of employees (both as groups and as individuals), by giving all employees a broad choice of workspaces, services and technology tools to do their jobs through a “connected workplace” driven by wireless and IP Communications. By leveraging technology and changes in how work is done, results included reduced costs, improved satisfaction and improved productivity.

Harvard University - Best Value Procurement system
A decentralized structure created problems for managing the school’s large capital program. The problems often centered on uneven vendor performance. Through its Performance Information Procurement System (PIPS), the university fostered a ‘win-win’ environment based on performance and competition among vendors. PIPS also features an information-rich, free market system for bidding along with vendor quality control, a contractor performance database and reduced risk of cost overruns.

Key Corp./Johnson Controls - Corporate Campus Green Certification pilot program
KeyCorp’s 750,000-square-foot Tiedeman, OH, office campus is officially certified by the USGBC and met new LEED-EB pilot program criteria. Results include: reduced cost streams associated with building operations; reduced environmental impacts; healthier and more productive employee workspaces; the commitment to maintain and improve their improved building performance over time; an established best practice of “green” principles leveraged by many of the KeyBank retail banking branches in the US.

Royal Bank of Scotland - ‘Innovation Is Our Currency’ embedded culture
RBS, a GIA finalist last year, continues its journey toward embedding a culture of innovation against a fast-growth scenario where profits rose 15% last year. The initiative is comprehensive, spanning 8 key areas of work and focus: Front of House; Supplier Engagement; Workplace; Academic Partnership; Innovation Culture; Process Improvement; Sustainability; and Technology. The initiative is carried out by the RBS Group Workplace Operations unit.

Sprint - Enterprise Location Optimization (ELO) program
Sprint Enterprise Property Solutions (EPS) introduced ELO as an integrated location strategy and portfolio rationalization tool. It links all asset classes in the formulation of a real estate strategy. Then it uses geospatial technology solutions linked to Business Unit strategy. ELO finally deploys the solution within a web portal, assuring each portfolio decision, regardless of size, is accruing the benefits of ELO. Linking the location of real estate assets to overall strategy drives value, optimizes solutions and enhances revenue.

Category 2 - Innovations by Service Providers

Clancy & Theys Construction - Field2Base wireless project management tool
New communication technology by Field2Base, Inc. enhances agility in the field by integrating a range of tools into one compact and portable tablet P.C. Tools include digitized standard documents, digital photography, hand-annotating and sketching, access to schedule and project administration programs, access to CAD drawings - all via email remotely. Contractors, engineers, architects and inspectors use it as can end-users for managing construction projects and asset management.

Cushman & Wakefield /Marks & Spencer - Financing Change: Supply Chain Logic
UK-based retailer M&S employed financial models and analytical tools to update its non-food logistics network. Leveraging C&W’s capital markets knowledge, the result was a supply chain platform more closely aligned to the operational needs of the business. By disaggregating the ownership of the real estate from the services provided within, M&S significantly reduced operating and financing costs.

Johnson Controls - ‘Solutions Navigator’ assessment tool
The Solutions Navigator is a tool used to assess customer needs and opportunities for improvement. It evaluates how facilities and infrastructure can better support an organization and stakeholders, now and long-term. Based on Six-Sigma, the primary client benefit is rapid, cross-functional prioritization of facility needs and improvement practices, using a structured, interactive process. It develops strategic plans, balanced scorecards, energy management plans, security and safety plans, and more.

Category 3 - Innovations by Economic Developers

Los Angeles County Economic Development Corp. - Retention/Expansion
Early Warning System
The group’s Business Census program incorporates a systematic web-based approach to real-time employer satisfaction data, market position intelligence, unmet needs intelligence, and public policy needs assessment, combined with an early warning system of employer retention and expansion project opportunities. The program is catalyzing a variety of initiatives important to the economic vitality of specific employers and to the revitalization of communities in LA County and Southern California.

Category 4 - Innovations in Community Service
The Hartford - Northside Institutions Neighborhood Alliance, Inc.
Hartford’s partnership with Aetna, Massachusetts Mutual Life, ING Group, Saint Francis Hospital and Webster Financial Corp. is represented throu NINA, a non-profit 501(c)(3), launched in 2003 by the six major institutions mentioned above to work with the neighborhood groups to affect change and boost community reinvestment in the Asylum Hill neighborhood of Hartford CT.

The Global Innovator’s Award is sponsored by Equis, Gensler and Deloitte. For more information on the Global Innovator’s Awards, please contact Richard Kadzis by phone at 404-589-3249, or via email at rkadzis@corenetglobal.org.

2005 Global Innovators Award Judges
Larry Ebert
VP, Corporate Real Estate
Capital One
Lynn Kious, MCR
VP, Corporate Real EstateWalt Disney Company
 
Jeff Elie
VP, Real Estate & Facilities
Kaplan, Inc.
Don Moulton, PE, MCR
Director, Corporate Real Estate
NCH Corp.
 
Mark Gorman
Director, Global Real Estate
Nortel Networks
Dr. Martha O Mara
Lecturer, Executive Education
Harvard University
 
Michael Joroff
Director of Research
MIT Architecture & Planning
Frank Robinson, MCR
VP, Corporate Real Estate
McKesson Corp.
CoreNet Global members manage US $1.2 trillion in worldwide corporate assets consisting of owned and leased office, industrial and other space. With 7,500 members representing large corporations around the world, CoreNet Global (www.corenetglobal.org) operates in five global regions: Asia, Australia, Europe, Latin America and North America, including Canada.