2008 Events

 

Rent Be Gone

 

   Click here to download a copy of the presentation.



The NYC and UK Chapters Win 2008 Chapter Achievement Award 

The New York City and UK Chapters combined talents to win the prestigious 2008 Chapter Achievement Award. The award, which was presented at the CoreNet Global Summit in Orlando, recognizes one noteworthy strategy, effort or best practice employed by a chapter that is linked to CoreNet Global's six strategic imperatives.
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CoreNet Global NYC/UK Chapters Hold Joint Luncheon Program in New York and London

Join the New York City chapter of CoreNet Global for a joint program with the organization's UK chapter to explore the similarities and differences between the real estate industry in New York and London. The event will feature teleconferencing to bridge the gap between the two continents. Industry experts in New York and London will address such issues as workforce mobility, outsourcing, alternative workplace strategies, work-life balance, the importance of infrastructure development and the effect of market cycles on real estate. Panelists include John Flexen, Morgan Stanley (London); Alan Scott, Deutsche Bank (New York); and Joseph Sprouls, Citigroup (New York). The program will follow a "town hall" format with questions from audience members.

Leading or Lagging: The Workplace Tech Battle

 

  

At a recent luncheon presented by the New York City Chapter of CoreNet Global, corporate real estate executives and workplace technology experts gathered to discuss the future of technology in the workplace and its powerful impact on real estate decision-making.  The event kicked off with a presentation by Philip Ross, CEO of Cordless Group, a London-based workplace-technology consulting firm.Ross, a frequent CoreNet Global lecturer and author of several books on the evolving role of technology in the workplace, emphasized the trend toward simplified workspaces and the importance in preparing the workplace for the next generation of “digital natives,” as compared to the current generation of “digital immigrants.”

Leading or Lagging: The Workplace Tech Battle [more]

Today’s students are being educated in open, team-oriented environments and will enter the workforce with similar expectations and demands at “jobs that don’t yet exist,” Ross said.

With new technical information doubling every two years, it’s no surprise that rapidly increasing mobility capabilities, such as evolving wireless technology, are enabling employees to complete more work tasks without setting foot in an office.“The concept of being tethered to a desk will go, and go quickly,” Ross said. He pointed out that some companies are eliminating the desk concept altogether by creating common workspaces and drastically decreasing the amount of unused office space. This is already making a tremendous impact on the way companies buy and lease space. Ross predicts the typical office phone will be the next to go, replaced entirely by mobile phones.  		  


As wireless technology allows us to bring more work home, companies must also be flexible in allowing employees to “bring home to work,” said panelist George Bouri, Principal, Strategy and Operations for Deloitte Consulting, LLP.

Comfortable break areas, lounges and gathering points are just a start, added Jim Laumann, another panelist and Director of Real Estate and Workplace Services for the Americas at Google, Inc. It is often in these spaces that some of the most effective work conversations take place, he said.

At Google, Laumann and a team of engineers have taken a closer look at the efficiency of conference rooms at their facilities. They have developed a model that examines badge swipes to monitor how many people typically participate in meetings in order to determine the most efficient use of space.

Bouri spoke about how major real estate decisions are being increasingly influenced by CIOs, in addition to CFOs. As a result, it has become more important than ever for CRE professionals to become fluent in this “new language,” of technological advancement, he said.

There is no doubt that the corporate work environment will continue to evolve at a significant rate over the next decade. While many companies are committed to infrastructure and facility upgrades, all three panelists agreed that changing the current corporate mindset or culture, is the most difficult challenge. CRE professionals will have to take on leadership roles in introducing new technology and capabilities to management teams and continue their education in using new technology to develop more efficient and comfortable workspaces.

Experts Explore New York's Volatile Real Estate & Job Markets at CoreNet Global Luncheon

The New York City Chapter of CoreNet Global recently held its fourth Luncheon Learning Series of 2008, entitled “New York Market Update: Rebound or Collapse – What Lies Ahead?” that examined the volatile New York City economy and explored its effect on the future of the commercial real estate market. Marisa Di Natale, a senior economist at Moody’s Economy.com kicked-off the program with an overview of the city’s current economic scene and offered a bird’s eye view of where the job market is likely headed over the next several months.

 

Speakers, John Powers and Marisa Di Natale
Moderator Marcus Rayner

  

Di Natale, who is responsible for state and metro area forecast models and analysis of the U.S. labor market, predicted that unemployment levels for the nation will likely reach their peak in the summer of 2009. Meanwhile, the effect on the metropolitan area could be even more prolonged, given the recent upheaval in the financial services industries, with job losses of up to 70,000 and possibly continuing into 2010. She said this follows a pattern similar to, yet not quite as severe as, the recession faced in 2001, where the New York job market didn’t heal until late 2003.

Di Natale’s research showed that job growth in the real estate industry will continue to expand, while all other fields within the financial services category are likely to contract.  So what do these numbers mean for the commercial real estate market? John Powers, chairman of CB Richard Ellis for the tri-state region, followed Di Natale’s presentation with a micro-economic look at the recession’s impact on New York’s real estate market and how it will continue to unfold.  

  

 

Powers, a frequent speaker on commercial real estate who continues to work directly with clients, is valued for his ability to link economic trends and conditions to their eventual impact on the office market. He assured the audience that the current economic situation will not affect the commercial real estate industry as severely as it had in 2001, in large part because in this downturn, there was not the “over-buying spree” like there was prior to the last downturn.   

Powers predicted that sublease availability, which is currently at 2 percent, will likely go up, but we shouldn’t see anything close to 5 percent, he said. Though we first hit the downturn in October 2007, Powers said asking rents have continued to go up for six months because much of the space hitting the market is Class A space. Hedge funds have been taking a significant portion of this top-of-the-line space, and Powers doesn’t see that sector moving anywhere but up in the near future.   

  

“Our speakers offered an in-depth look at the job and real estate markets and provided solid market data and insight on what we might expect in the coming year or two,” said Marcus Rayner, the chapter’s Program Committee chair and principal at CresaPartners. “In this time of overwhelming uncertainty for all industries, Marisa and John helped paint a clearer picture of what is to come and offered ideas on how real estate executives can prepare for the economic downturn.”

Young Leaders Host Successful Speed-Networking Event 

 

The Young Leaders committee of CoreNet Global’s New York City chapter recently hosted a highly successful speed-networking event at Opia Restaurant on October 2. More than 40 people attended and many of the chapter’s leaders, including Gina Rizzo, chapter chair, and Dale Schlather, chapter vice president, were among the participants who networked with the chapter’s young members.
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Workshop Offers Strategies for Landing a Job in Today’s Uncertain Market

On Wednesday, December 10th, the Education Committee presented a timely workshop entitled “Seeking Employment in Today’s Uncertain Market.” Led by executive search consultant, Leslie Carranza, the workshop provided strategies for those who have recently reentered the job market, or those who expected to enter it soon.  Read More...  

 


Leading or Lagging: The Workplace Tech Battle

  

At a recent luncheon presented by the New York City Chapter of CoreNet Global, corporate real estate executives and workplace technology experts gathered to discuss the future of technology in the workplace and its powerful impact on real estate decision-making. 
 The event kicked off with a presentation by Philip Ross, CEO of Cordless Group, a London-based workplace-technology consulting firm.Ross, a frequent CoreNet Global lecturer and author of several books on the evolving role of technology in the workplace, emphasized the trend toward simplified workspaces and the importance in preparing the workplace for the next generation of “digital natives,” as compared to the current generation of “digital immigrants.”


Today’s students are being educated in open, team-oriented environments and will enter the workforce with similar expectations and demands at “jobs that don’t yet exist,” Ross said.

With new technical information doubling every two years, it’s no surprise that rapidly increasing mobility capabilities, such as evolving wireless technology, are enabling employees to complete more work tasks without setting foot in an office.“The concept of being tethered to a desk will go, and go quickly,” Ross said. He pointed out that some companies are eliminating the desk concept altogether by creating common workspaces and drastically decreasing the amount of unused office space. This is already making a tremendous impact on the way companies buy and lease space. Ross predicts the typical office phone will be the next to go, replaced entirely by mobile phones.  		  


As wireless technology allows us to bring more work home, companies must also be flexible in allowing employees to “bring home to work,” said panelist George Bouri, Principal, Strategy and Operations for Deloitte Consulting, LLP.

Comfortable break areas, lounges and gathering points are just a start, added Jim Laumann, another panelist and Director of Real Estate and Workplace Services for the Americas at Google, Inc. It is often in these spaces that some of the most effective work conversations take place, he said.

At Google, Laumann and a team of engineers have taken a closer look at the efficiency of conference rooms at their facilities. They have developed a model that examines badge swipes to monitor how many people typically participate in meetings in order to determine the most efficient use of space.

Bouri spoke about how major real estate decisions are being increasingly influenced by CIOs, in addition to CFOs. As a result, it has become more important than ever for CRE professionals to become fluent in this “new language,” of technological advancement, he said.

There is no doubt that the corporate work environment will continue to evolve at a significant rate over the next decade. While many companies are committed to infrastructure and facility upgrades, all three panelists agreed that changing the current corporate mindset or culture, is the most difficult challenge. CRE professionals will have to take on leadership roles in introducing new technology and capabilities to management teams and continue their education in using new technology to develop more efficient and comfortable workspaces.


 

Insite: CoreNet Global New York Chapter's Newsletter


  Click here to download the Summer 2008 volume of Insite. 

CoreNet NYC Chapter Provides Real Estate Program for Not-for-Profits

  

 The Community Reinvestment Committee of the New York City Chapter of CoreNet Global recently hosted a breakfast roundtable to assist not-for-profit organizations on the complexities of commercial real estate in New York City. The program enabled not-for-profits to identify and explore their needs with a panel of real estate executives. The roundtable focused on facilities, real estate and construction, with topics ranging from leasing versus ownership, planning strategies to cost controls. The professional expertise within the various disciplines was provided by:

Ken Schoenfelder, New York Blood Center – Facilities
David Lebenstein, Colliers ABR / NFP Group - Real Estate Brokerage Services
Jane Smith, Spacesmith, LLP – Architectural Services 		     

“The goal of this initiative was to provide an informal environment to effectively address the real estate, facilities & construction issues faced by not-for-profit organizations in today’s environment,” said Len Eagle of CoreNet NYC. “The event provided immediate value by covering multiple issues as well as specific topics such as space requirements, working with landlords, and budgeting for repairs and construction.” This program is the first of several scheduled programs focusing on providing not-for-profit organizations with information and experience from CoreNet Global New York City Chapter’s membership.

Mayor Bloomberg Helps Launch Northern Ireland's New Financial Service Centre at Titanic Quarter 

    The Mayor of New York, Michael Bloomberg, was in Belfast today to help launch the new Financial Services Centre at Titanic Quarter. He took a tour of the first phase of the financial services development called Gateway Offices, which is due to be completed later this year, before attending a reception at Titanic House. The visit comes on the same day that Titanic Quarter is submitting a planning proposal for the 600,000 sq ft second phase of the Financial Services Centre. Mike Smith, Chief Executive of the Titanic Quarter said: 

"We are delighted to welcome Mayor Bloomberg to Titanic Quarter to help launch the new Financial Services Centre. Today we are submitting plans for over 600,000 sq ft of offices and financial and professional services, which will form the second phase of the Financial Services Centre. The plans incorporate public realm schemes including a central courtyard, ground floor retail, restaurants and bars. "While Belfast may be small in world terms, Titanic Quarter's 185-acres, however, do represent a development of international scale, and our ambition is to turn this part of Belfast into somewhere that the international community wants to do business and invest. Citi, Microsoft and GE Healthcare are already on site at the Science Park, and I believe more will follow. Titanic Quarter is a once-in-a-generation opportunity to put Belfast back on the international map and the Financial Services Centre, which Mayor Bloomberg officially launched today, will be at the forefront of that opportunity." Mayor Bloomberg said; "I am delighted to be in Belfast for the first time. I am extremely impressed with what is happening here at Titanic Quarter and feel privileged to be launching the Financial Services Centre here today. There is a great buzz and excitement about Belfast and it is great to see the investment being made in this City and to hear that the economy here is on the up and up." Lord Mayor of Belfast, Councillor Jim Rodgers, said: "I appreciate Mayor Bloomberg taking time out of his hectic schedule to make the trip to Belfast. Befast may not be able to match New York in terms of scale or breadth, but we do have the passion and ambition to remake Belfast's reputation as a city synonymous with commerce and excellence once again. "From this very site Belfast designed and launched the Titanic, bound, as we all know, from Southampton to New York. That is a glorious and proud heritage, and a measure of this City's reputation in former days as the "ship builder to the world". Past glories, however, will not create opportunities for our citizens today. This generation must create its own fortunes and its own opportunities, and Titanic Quarter will be at the forefront of that task." Last month the Republic of Ireland's Finance Minister and incoming Taoiseach Brian Cowen and NI Finance Minister Peter Robinson announced a new initiative that will allow financial firms in the South to establish subsidiaries in Northern Ireland to help cope with the deficit of skilled staff in the South and to create more well-paid jobs in the North.

Chapter Achievement Award Goes to the New York City Chapter For the fourth year in a row the New York City Chapter has been recognized for its leadership role among the many chapters that make up CoreNet Global. The Chapter Awards Ceremony held at the October Atlanta Summit was again the venue for recognizing the achievements of the New York City Chapter.This year it was the Chapter Achievement Award for the Emerging Leaders (EL) Program. Led by the New York Chapter, this program has been an amazing success, fueled by the enthusiasm and energy of these future leaders. Since its inception in April 2006, the EL Initiative has exceeded chapter expectations with highly relevant venues with topics like the ecology of the workplace, the green building series, and town hall meetings with top industry professionals. Also in the works are two new initiatives, an apprentice program and LEED 101 programs. Our congratulations to all our Emerging Leaders with particular thanks to Lou Nowikas, Cindy Quan & Laura Garcia for their leadership roles and strong contributions to this initiative.

Index of 2008 Events

CoreNet Global NYC/UK Chapters Hold Joint Luncheon Program in New York and London (November 10, 2008)

The NYC and UK Chapters Win 2008 Chapter Achievement Award