Blogs

Operating Cost Benchmarking: A Great Tool to Identify Red Flags

By William Jegher posted Sep 22, 2009
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Many property mangers and real estate owners frequently scratch their heads wondering whether or not their operating costs are reasonable. There are many tools available, some free and some more costly, that one can utilize to benchmark operating costs. Let us understand what exactly benchmarking is and then we can take a look at one specific tool, the Building Owners and Managers Association (BOMA) Experience Exchange Report (EER) and discuss how you can undertake a meaningful benchmarking exercise. What is Benchmarking? Benchmarking is the continuous process of measurement, analysis, implementation and re-measurement. ...
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The WELL Building Standard® for Your Well Being

By Don Wenig posted Aug 12, 2014
1 person recommends this.
How does your office space affect your health? If you think about it, most office spaces and buildings are designed to minimize the physical activity of its occupants. While many office spaces today are certified as meeting the sustainability standards of LEED, that does not necessarily equate to an office environment positively affecting its occupants’ health. Since its introduction, we are seeing many of the LEED sustainability standards incorporated into building codes and construction practices. These standards fulfill two primary objectives – preserving the environment and saving money. While it is assumed that they benefit the occupants’ health, that’s ...
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Real Estate Capital Management Strategy: Deferred Capital Maintenance & the Facility Condition Index

By William Jegher posted Oct 05, 2009
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Newspaper headlines over the last few years say it all: overpasses collapsing, building facades crumbling injuring and killing pedestrians, sewer systems flooding, and hospital and school buildings which have not been able to keep up with technology. This deterioration of infrastructure and buildings are a direct result of the enormous backlog of deferred capital maintenance that has been increasing in our economic system over time. The reasons for the ever increasing buildup are a direct consequence of improper capital funding levels particularly for those institutions and corporations whose infrastructure is incorrectly viewed as secondary to the institution’s ...
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A Sad Farewell - Jack Lyne In Memoriam

By Richard Kadzis posted Dec 05, 2011
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Thank you, Jack Lyne. The real estate industry's most insightful and pithy journalist died suddenly December 3, and I want to express my appreciation to Jack personally. For many years - over the course of 3 decades - Jack either ran or contributed to Site Selection magazine's editorial portfolio, helping make the publication's annual "Ranking of State Economic Climates" one of the most high-profile manifestations of corporate real estate. Certainly from the standpoint of the vital location decisions companies make; decisions that bring jobs, payrolls, capital investments, expanded tax bases and other benefits to local communities, Jack's body of ...
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Language Task Force Launched on 1st April 2010

By Barry Varcoe posted Mar 31, 2010
1 person recommends this.
My year as your Chair has gone very quickly. As it draws to a close in a couple of week’s time at the New Orleans Summit, I have already started to reflect on some of the insights and observations that this unique position within our industry affords. Whilst I will update you in more detail on my thoughts once my year has come to an end, there is one matter that I want to do something about now while I still have the chance, as it has caused a number of challenges in unexpected ways. This is the complex issue of language and phraseology. It has often been said that the British, Americans, Irish and Australians are nations divided by a common language! ...
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Future Oil Price Spikes Will Result in Smaller World

By Richard Kadzis posted Oct 13, 2009
3 people recommend this.
More Localization Ahead? Conventional thinking over what caused the worst recession in modern memory was shattered here today during the Opening General Session of the CoreNet Global Summit in Las Vegas. Economist and author Jeff Rubin’s assertion that the most recent oil price spike caused the global downturn turned some heads, especially within an industry group so impacted by the repercussions of subprime lending. “CDO’s, CLO’s and CMBS were symptoms, not causes, of the recession,” Rubin insisted. Corporate real estate (CRE) executives and their outsourced service partners – many of whom have staked their current business models on ...
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Real Estate Capital Management Strategy Part II: Beyond The Facility Condition Index – A Risk Management Approach

By William Jegher posted Oct 19, 2009
2 people recommend this.
A few weeks ago I wrote about the Facility Condition Index (FCI), its definition, application and benefits. In this article I will take the FCI analysis further by applying a “Risk Management” approach to its application whereby the FCI will be transformed into a practical tool for prioritizing and filtering real estate capital management projects. FCI Refresher – A Macro Tool FCI is a method of measuring the relative condition of a single facility or group of facilities and is used in setting annual funding targets and the target for duration of the level of deferred maintenance. The FCI is the ratio of (1) the level of deferred maintenance ...
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Aligning Public and Private Interests in Brownfield Redevelopment

By Zachery Clements MRE posted Mar 20, 2013
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Redevelopment of contaminated property is one of the most challenging endeavors that any person or entity can choose to undertake in the world of real estate. Whether you’re a professional real estate developer, private land-holder, or work for an extension of the government, the obstacles to brownfield redevelopment become abundantly clear almost immediately. The primary issues, of course, surround the liabilities that are associated with environmental contamination. Not only are there risks and liabilities associated with the contamination affecting people on the site/property, but also with those people potentially adversely affected through offsite migration ...
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FAS 13/IAS 17 Lease Accounting Working Session

By Michael Anderson B.A., MBA posted Jun 29, 2010
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On Tuesday, 6/29/2010, CNG held a Working Session regarding FAS 13/IAS 17 Lease Accounting under the sponsorship of the CoreNet Global - Strategy and Portfolio Planning Community, the Value Creation / Optimizing Capital Taskforce To listen to the webcast or download the presentation please click here . We encourage you to stay engaged in this topic through this blog. For related content see below: Articles and Whitepapers – 6/2010, NY Times : “ New Accounting Rules Ruffle the Leasing Market ” – 5/2010, CPA Journal : “ Capitalizing Lease Payments ” – 5/2010, CFO.com ...
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Don't Miss SHFM Critical Issues Conference

By Donna Andersen posted Mar 13, 2014
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Critical Issues Conference Will Focus on Space Utilization Tuesday, April 8, 2014 Citi Field - New York City (Flushing Meadows), NY In the spirit of embracing the H in SHFM, this year's Critical Issues Conference will focus on the creative utilization of space and its influence on workplace culture and hospitality. The event will take place on Tuesday, April 8 in the New York City's fabulous Citi Field, one of the finest examples of multi-purpose space utilization more than just a ball park, as our exclusive behind-the-scenes tour will showcase! The theme, Space & Hospitality: One Footprint, Endless Possibilities , informs an exciting one-day ...
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CoreNet Global Serves as Key Channel for Up-and-Coming Tech-Company Exec

By Richard Kadzis posted Oct 14, 2009
1 person recommends this.
Industry Tracker Executive Profile Manhattan Software's Craig Gillespie 'Recession-defying metrics' With this Summit being about convening for change, I began looking for the new face of CoreNet Global. One of them is Craig Gillespie , CEO of Manhattan Software. The global, privately-held firm serves the Integrated Workplace Management Software (IWMS) side of the corporate real estate industry primarily through its Strategic Performance Management (SPM) integrated technology platform, and it's never had a losing year in its 26-year history. We sat down at the Expo Luncheon here in Vegas yesterday to talk about ...
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Sometimes you push the envelope, and sometimes the envelope pushes you.

By richard jordan posted Oct 16, 2009
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The Business Value of Social Networking Tools session we hosted at the Las Vegas Summit dealt with a topic that is in its infancy regarding adoption within the enterprise, and the broadness and speed at which it is evolving merited a stretch to go beyond who we could get into the room to speak on the subject. Drawing in the people who were developing the tools, implementing networks within the "walls" of their organizations, and actually using them to truly collaborate across distance and time required that we stretch. One normally does not consider video conferencing an edgy technology, but, as we experienced, it can be if conditions aren't optimal. ...
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Benchmarking - International Total Occupancy Cost Code

By Dharam Domalpalli posted Jul 06, 2011
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Here is a topic open for discussion.....'Do organizations implement a standard approach to classify their cost codes to enable benchmarking (internally across accounts / clients or externally against industry recognized benchmarks)?' I've come across a standard (published by IPD): http://www.ipd.com/portals/7/downloads/IPD_Cost_Code_v4_Deutsch_Englisch.pdf Has anyone implemented / considered implementing this standard? Thanks.
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Industry Tracker - Corporate expansion will help our network before others

By Richard Kadzis posted Sep 02, 2009
1 person recommends this.
A big plus for CoreNet Global is the demand side of the industry heading back into a growth mode Broad indicators are pointing to a “mixed” recovery, if a rebounding GDP, slowing job cuts, the stock market upswing, and growth in some global regions are reliable signposts. But the forecast is still pretty stormy for the corporate real estate (CRE) industry, and no wonder. We've always been the laggard on the economic recovery curve. Even with some encouraging signs at the macro-economic level, CRE is still confronting record-low transaction volumes, an absence of credit, air-tight capital, devaluation, falling rent and occupancy rates, ...
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Brand Yourself with a NetWORK profile

By Karley Barber posted Feb 24, 2014
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Brand Yourself with a NetWORK profile. Having a professional (and up-to-date) profile is a crucial part of personal branding in today’s online world. A complete profile should include, at a minimum, a photo, bio, designations/special certifications, memberships in professional associations, education, and job history. Including a headshot makes you instantly visible when networking at the next CoreNet Global event. Use a professional close-up photo that clearly shows your face, looks sharp and engaging. Having a completely filled out profile makes it easier to other members to find and connect with you. Have you earned your MCR, MCR.w ...
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Business Value of Social Media

By richard jordan posted Dec 18, 2009
1 person recommends this.
Here's a presentation Keith Perske and I made last night at the December Chapter meeting for the Northern California Chapter. Click on the arrow on the bottom in the middle- and keep clicking. It takes a second to get ready; It's not your father's powerpoint....
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CoreNet Global UK & UKGBC: ‘Delivering Occupier Health & Wellbeing’

By James Pack posted Dec 14, 2016
2 people recommend this.
CoreNet Global UK & UKGBC: ‘Delivering Occupier Health & Wellbeing’ Consensus is that there has been more talk than action in relation to Health & Wellbeing (H&WB) within the workplace in terms of design and or operational standards. To a degree this is due to uncertainty between fact and fiction in terms of what might constitute a viable strategy; which strategy to follow amongst the myriad of Health & Wellbeing strategies on offer; and their impact on cost and or programme. The solution lies somewhere between ‘what has the greatest near term H&WB benefit’ and ‘ease or cost of implementation’. The case for Wellbeing is well documented ...
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How can Twitter Enhance my Real Estate Operations?

By William Jegher posted Sep 10, 2009
2 people recommend this.
How can Twitter Enhance my Real Estate Operations? Twitter is the latest social networking craze to hit the internet. Twitter lets users send short text messages (called “tweets”) of up to 140 characters in length from their computers or their cell phones to a group of people (called "followers") who have signed up to receive these updates. It was initially designed to keep friends and colleagues informed about one's daily activities. Twitter is increasingly being used for commercial purposes. Companies are tweeting news, corporate announcements and even job openings to their followers. The question that I asked myself is how ...
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Restoration Clauses in Commercial Leases, A potentially costly going away present from the Landlord

By Soniya Gokhale posted Jul 13, 2016
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For many End Users immersed in lease negotiations for a new office or industrial lease, the Restoration Clause appears to be a seemingly harmless part of the lease which typically doesn't raise immediate cause for concern. Especially in the context of complex, protracted lease negotiations whereby the tenant's key focus is to take possession of the space as expeditiously and economically as possible, why should this clause be examined any more closely than the numerous other high impact negotiations points for corporate occupiers? A Restoration Clause legally obligates a tenant to restore, at the landlord’s request, the premises back to the condition it was ...
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Here is a list of Workplace events that you may find of interest

By Mark Catchlove posted Jan 09, 2015
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Workplace Events - Compiled by The HermanMiller Insight Group http://www.hminsightgroup.com/Events.html
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