Features

Study: East, West Coast Metros Tops for ‘Total Living Costs’ How much it costs to live and work in a location has a huge impact on employee recruiting and retention. And when it comes to the most expensive U.S. metros in which to live and work, the coasts have it, Rochester, Wis.-based Runzheimer International (www.runzheimer.com) […]

The workplace plate just got very, very full for Turner Properties, which manages the multifaceted real estate empire of Atlanta-based Turner Broadcasting System (TBS at www.turner.com). TBS has announced that it’s spend US$1.2 billion over the next five years on Atlanta projects that will accommodate 3,800 new employees. Those 3,800 new jobs represent a whopping […]

Like an approaching storm front, a looming market glut promises to shake up the European real estate management landscape. Already, a broad range of continental firms is shedding real estate to concentrate on core businesses. And heated competition is sparking a Europe-wide binge of restructuring and consolidations that promise to dump a mountain of property […]

Corporate site evaluators may consider satellite imagery an unnecessary extravagance in routine site searches, a nice-to-have tool but not a need-to-have one. But Space Imaging (www.spaceimaging.com), a Denver, Colo.-based provider of satellite imagery and aerial photography, hopes to change that perception. ABOVE: an IKONOS image of Thornton, Colorado, a suburb of Denver. In September 1999, […]

N ew York City’s real estate market — or markets, if you consider Midtown and Downtown to be distinctive situations — is hot, any way you cut it. Too hot, for some, such as publisher John Wiley and Chase Manhattan Bank, which are moving across the Hudson River to new space in Hoboken and Jersey […]

How much space will the company need next year? It’s the corporate real estate executive’s million-dollar question, and the answer is about as easy to predict as the number of times your phone will ring in the next 12 months. The science — or art — of demand forecasting relies on how well we can […]

U.S. firms have become very good at planning, designing and operating their plants, offices, and other corporate facilities for optimal results. But there are still many unrealized opportunities for capturing value over the lifetime of these resources. When business or industrial properties are no longer actively needed, for instance, some of them go on to […]

Freshwater is the lubricant that fuels development. And that means development is in trouble: “Forget oil. In the 21st century water will be king. Already, a supertanker full of water from a pure source . . . is worth more than any supertanker full of oil to thirsty populations in Asia,” says U.S. Congressman Bob […]

Oracle sees blazing changes on Europe’s horizon: “Combine globalization’s thrust, the e-commerce surge and the Euro’s emergence, and you’ll see e-commerce blow through Europe like a whirlwind. The single currency has amplified the velocity of change, broadening and flattening the playing field. E-commerce is impacting our own European operations in a big way, and it’s […]

The U.S. government as a leading-edge indicator? The notion may seem farfetched, but that’s definitely the case with the U.S. General Service Administration (GSA at www.gsa.gov). For the two straight years, the GSA has garnered prestigious Best Practice Awards from the International Development Research Council (IDRC), the world’s preeminent corporate real estate association. The organization […]

LoopNet CEO Dennis DeAndre looked out on a room filled to overflowing and made an observation that typified what was happening in New York. “I can remember doing talks like this four and a half years ago, and I swear I would be talking to two people,” DeAndre said. Pinpointing the e-revolution’s impact was clearly […]

You think your building is wired for the electronic marketplace? Elevators in Class A office properties owned by Crescent Real Estate Equities (www.cei-crescent.com) are being wired to the Internet so that riders can view traffic reports, entertainment information, sports scores and other data. The short duration of most elevator rides would likely preclude chat-room visits, […]

The stature of the workspace design industry is rising significantly thanks to renewed interest in designers’ ability to make office space and other work environments more productive — not just easier to look at. Speakers at a recent forum in New York, entitled “Measuring Workplace Performance — The Workplace at the Millennium,” shared their experiences […]

Abstracts of major presentations of the International Development Research Council (IDRC), the world’s preeminent corporate real estate association. “Global Corporate Real Estate Practices,” IDRC New York World Congress Workshop, May 1, 2000: This session reviewed the Annual Survey of Corporate Real Estate Practices, conducted each year by Johnson Controls in conjunction with IDRC. Among most […]

A onetime jazz saxophonist with the likes of the Tommy Dorsey Orchestra and Lou Rawls, Imation executive Thomas Foyer muses that the song in part remains the same. “Today’s business environment is like jazz because it’s moving so fast. You have to improvise, keeping the group small enough so you can make changes quickly,” says […]

Site Selection‘s editorial quality — on both the printed page and in cyberspace — has bagged three more awards in the 12th annual global “Awards for Publications Excellence” (APEX) competition. The three APEX Awards were for Site Selection‘s excellence in the categories of: Feature writing, for the January 2000 cover story, “U.S. Car Wars: Toyota […]

The Johnson Controls USA Office Costs Index[See Tables One, Two, Three and Chart A for data] The Johnson Controls USA Office Occupancy Costs Index is based on a detailed model of a medium grade air-conditioned office building, which operates reasonably efficiently with no unusually high service standards or demands. The building is 160,000 rentable square […]

IDRC and NACORE, the world’s two leading professional associations for corporate real estate executives, service providers and economic developers, are exploring possible integration. This unprecedented step would create one new association to represent the corporate asset management industry with a singular mission of creating value through the workplace. Since plans to converge both groups were […]

Editor’s note: A former president of the International Development Research Council (IDRC), the world’s preeminent corporate real estate (CRE) association, Michael Bell (right) is a widely recognized industry leader. His Gartner Group (www.gartner.com) research focuses on workplace transformation and the virtual enterprise — specifically, the workplace impact of information technology (IT), including corporate strategy formulation, […]

‘Effective Rents’: How Much Are You Really Paying? What can you tell from landlords’ asking rates? Not necessarily very much, according to a new study of “tenant effective rents” in 12 major U.S. markets. The study, from New York-based Julien J. Studley (www.studley.com), subtracts lease concessions from total rents. Some of the results may surprise […]

“If everything is so good, why do we feel so bad?” was the working title of a presentation made at a recent gathering of the Counselors of Real Estate (CRE), a Chicago-based association of corporate real estate consultants. The presenter was Phil Ward, senior managing director, real estate investments, at CIGNA Investment Management, Hartford, Conn. […]

Michigan’s banner years under Doug Rothwell’s leadership just got a major exclamation point: General Motors (www.gm.com) has decided to invest US$1 billion to build two plants just outside Lansing that will add 2,800 jobs. And Rothwell, president and CEO of the Michigan Economic Development Corp. (MEDC at www.michigan.org), did a lot of the heavyweight deal’s […]

For those of you waiting for the Canadian electricity market to open up to competition, you will now have to wait a little longer. Although the plan was to open the market up in November of this year, the Ontario government announced on June 22 that the open date will be pushed back to a […]

Knowledge is power. A truer statement may never have been uttered, and amazingly, Sir Francis Bacon’s remark still holds true today — perhaps even more so. In today’s fast-moving economy, receiving the right information at the right time can make or break a location deal and sometimes even a company. That’s why site consultants and […]