Blogs

Pitfalls, Pointers and Caveats in Real Estate Discounted Cash Flow Analyses

By William Jegher posted Jan 13, 2010
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We all know that “Cash is King”. It therefore comes as no surprise that real estate financial analysis in our generation and longer have virtually all focused on cash flows, discounted cash flows (DCF) and net present values (NPV). In fact, the DCF methodology was first articulated in 1938 by John Burr Williams in his article “The Theory of Investment Value”. Having been around so long and having been utilized so often, how is that so many decision makers have lost so much money so often? The absolute and unquestioning reliance on DCF will lead to poor decision making which will ultimately destroy value as opposed to its oft stated objective of value ...
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Free Webinar - 2010 Compensation Study Report

By Michael Anderson B.A., MBA posted Jan 17, 2011
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CoreNet Global , in partnership with FPL Associates L.P. (“FPL”) , invites you to this webinar to hear the results of a recent survey in which 275 corporate real estate professionals shared their compensation structures. This project is the third annual compensation study conducted between CoreNet Global and FPL. SUMMARY: FPL Associates L.P. (“FPL”) is pleased to conduct the 2010 CoreNet Global Compensation Survey, sponsored by CoreNet Global. The survey is designed to capture current market trends and keep individuals up-to-date on compensation programs and practices within internal corporate real estate (CRE) organizations. Furthermore, the ...
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Big Ideas Emerge Quickly in Big Easy

By Richard Kadzis posted Apr 19, 2010
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Award Winners and Keynote Speaker Point to Importance of Fresh Thinking in Today's Climate For the impressive 1,300+ audience of corporate real estate executives gathered here in the Big Easy for a look at what's driving 'business unusual,' the early indications emerging from this CoreNet Global Summit are both encouraging and energizing. That's not just because of the more upbeat vibe we're feeling as the general economic trend swings back up. After all, the reality for the corporate and commercial real estate (CRE) industry's supply side is that we likely won't see total recovery for another couple of years. The fast-improving outlook ...
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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
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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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SR Inc. to Convene Corporate/Commercial Real Estate Executives and Drive an Industry Closer to Greater Sustainability

By Larry Simpson posted Nov 22, 2011
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The Sustainability Roundtable, Inc. (SR Inc.), the for-profit, shared cost research and consulting firm will bring together corporate/commercial real estate executives and sustainability professionals who represent over 60 member-client organizations at SR Inc.’s Third Annual Summit entitled, “The Change Driving Sustainability” on November 30 th and December 1 st at the St. Regis Hotel in Washington D.C. This invitation only two-day event will feature: sustainability excellence award winners; presentations and case studies of SR Inc.’s 2011 Research Program; panel discussions with Federal agency representatives; and, facilitated sessions to develop SR ...
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Webinar: Establishing an Ongoing Facilities Capital Planning Program – Part 1

By Paul De Laughter posted Dec 04, 2013
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Tuesday, December 10th, 2013 2:oo pm EST/1:00 pm EST/11:00am PST Join us for this exclusive webinar where you’ll hear how Marco Benitez, Director of Analysis, Assessment, and Risk Management at Florida International University, with three campuses and over 8 million square feet of facilities, developed a data-driven capital planning process based on the strategic goals of the University. Click here to register: http://success.vfa.com/20131212GetStarted?elqCampaignId=288&cs=CN You’ll learn how to: Identify both immediate maintenance needs and long-term capital investments Prioritize competing facility issues ...
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Top 5 Best Practices in Facilities Capital Planning and Management And what questions you need to ask yourself...

By Paul De Laughter posted Jan 02, 2014
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Paul DeLaughter Community Manager at VFA, Inc. Can you answer these questions: Do you know what condition your facilities are in today? Do you know what areas of your facilities are at the highest risk for failure? Can you back up your requests for funding with hard data? Download VFA's guide to the Top 5 best practices in facilities capital planning and management – you'll learn how to get the answers to these questions and what successful facility managers are doing today. Here's a sneak peek: Best Practice #4: Give Finance the Data You've got to prove your case for funding to the finance team. Can you demonstrate what you're planning to spend ...
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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
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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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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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FASB Lease Accounting Changes and the Bottom Line: What Corporate Real Estate Needs to Know

By Michael Anderson B.A., MBA posted Jun 28, 2010
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On Monday at what seemed to be one of the more popular breakout sessions: “FASB Lease Accounting Changes and the Bottom Line: What Corporate Real Estate Needs to Know” Kenneth Rudy, Managing Director, Corporate Solutions, Jones Lang LaSalle moderated a panel of experts including Mindy Berman, Managing Director, Jones Lang LaSalle, Brad Homant, FASB Practice Fellow and Erik Lange, Partner - Transactions & Restructuring - Transaction Accounting Services, KPMG LLP. Under new accounting rules proposed by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) slated to be issued in 2011, companies could receive ...
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Robert Gracz Named Corporate Real Estate Executive of the Year For the Arizona Chapter of CoreNet Global

By Shelley Lloyd posted Sep 15, 2014
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Robert Gracz Named Corporate Real Estate Executive of the Year For the Arizona Chapter of CoreNet Global PHOENIX (September 15, 2014) – Robert Gracz, Vice President of Corporate Real Estate for Avnet, Inc., was named the Corporate Real Estate Executive of the Year for the Arizona chapter of CoreNet Global. CoreNet Global is the world’s premier professional association for corporate real estate executives and workplace professionals. In his role at Avnet, Inc., Gracz is responsible for executing the day-to-day operations for Avnet’s North American real estate portfolio, as well as providing support for Avnet’s extensive global ...
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Boldly Connecting Where Corporations Haven't Dared to Go Before

By Richard Kadzis posted Apr 19, 2010
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Social Media and the Workplace Wow, what can you say about the seemingly endless array of social media literally bursting into what used to be a less participative virtual world? It's leading rapidly to the "big conversation," according to a panel of new media experts featured at the CoreNet Global Summit in New Orleans. "Boldly connecting that which has never been connected before," quipped Keith Perske about the astounding adoption rate of this multi-modal communications thoroughfare. Once referred to as "the information highway," it's gone quite quickly in only the last 2 - 3 years to a "real-time ability to be online ...
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VFA Announces New Facility Energy Assessment Service November 21, 2013

By Paul De Laughter posted Dec 04, 2013
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Organizations Can Cost-effectively Identify and Integrate Energy Conservation Measures into Facilities Capital Plans and Budgets BOSTON—November 21, 2013—VFA, Inc., the leading provider of end-to-end solutions for facilities capital planning and asset management, today announced a new Facility Energy Assessment service to help facility, energy and sustainability managers cost-effectively integrate energy conservation measures into their facilities capital plans. VFA’s Facility Energy Assessment service enables organizations to integrate energy investments into capital plans and budgets by capturing energy data alongside facilities condition data; using innovative ...
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CoreNet Global Serves as Key Channel for Up-and-Coming Tech-Company Exec

By Richard Kadzis posted Oct 14, 2009
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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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The Value of Corporate Real Estate Benchmarking

By William Jegher posted Aug 05, 2010
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I read with great interest yesterday the results of the survey on Corporate Real Estate Benchmarking Techniques that was commissioned by CoreNet Global and DTZ Research. There is one particular figure that really resonated with me. According to the survey, 98% of the 200 real estate practitioners that participated in the survey, find benchmarking data to be very valuable, valuable or somewhat valuable. Only 2% of respondents felt that it had no value at all. As principal of a corporate real estate consulting company that specializes in benchmarking and portfolio optimization, these results are music to my ears. However, in all honesty, the results do not ...
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Future Oil Price Spikes Will Result in Smaller World

By Richard Kadzis posted Oct 13, 2009
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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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