Enter a keyword to search
The industry crossroads referred to in Part 1 of this report on Jones Lang Wootton's Corporate Real Estate Leadership Forum was brought sharply into focus during the final two sessions of the day-long event. The meeting, which had a "Focus on Innovation" theme, was held at IBM's world headquarters facility in Armonk, N.Y., on Nov. 19, 1998. The crossroads is the intersection of the way the corporate real estate (CRE) profession has been defined, particularly in terms of how CRE practitioners relate to other departments, and the new direction in which the industry is headed.
The latter looks less like the corporate real estate profession familiar to the veterans of the industry than some of them might like. But the corporate real estate function must do three things well on the road ahead that were only marginally important in the past.
First, it must evolve philosophically with the rest of the organization, meaning its vision must match or enhance the core business's vision of the future.
Second, it must provide insightful solutions to senior management's strategic issues - not just supply extra floor space when a department expands.
And third, it must learn to walk the fine line between providing tangible, meaningful shareholder value, which means having a broad financial skill set, and providing innovative work space, human resources and even systems-based solutions to issues that could hinder the company's ability to meet its strategic objectives. The point of the third mandate is to integrate business unit strategies with the demands of the capital markets, explained Sandra Lambert (left) of Massachusetts Institute of Technology's Center for Real Estate (CHK). Lambert co-moderated a session on capital investment decisions that actively incorporate finance, human resources, technology and work place strategies.
Not all that long ago, said Lambert, information technology and human resources represented limitations rather than solutions to business strategies. Corporate real estate's role in the organization was in flux and resources from other core business functions were often less than adequate.
Winds of Change
"Real estate is much better understood today as a strategic support to the corporation than it was just a few years ago," Lambert noted. "The constraints are no longer the resources themselves. They are a question of how one leverages those resources, according to our research." As corporations target growth (with financial analysts watching closely), they must also "precipitate change in their efficiency goals, their knowledge transfer goals, responsiveness-to-customer goals and so on in the global markets," she added. "This, in turn, changes decisions that are made in terms of business unit level and corporate level lifecycle choices and lifecycle implications of decisions related to acquisition and consolidation, which in turn has an impact on organizational design." All of which points to an ongoing challenge to adapt and readapt real estate portfolios.
More challenging still, Lambert reminded the participants, is the mandate to manage the portfolio in harmony with other strategic business functions within the context of the capital decision making process.
"Finance is involved earlier and certainly more fully in capital budgeting decisions regarding fixed assets, like real estate," confirmed Robert Dmytryk, a Jones Lang Wootton director, corporate and advisory services, in Los Angeles, who co-moderated the session with Sandra Lambert. "A second trend to point out, and IBM's Lee Dayton alluded to this earlier, is that off-balance sheet [financing] is the goal as long as you don't adversely impact cash flow." Dmytryk then walked attendees through a detailed, hypothetical capital allocation exercise to illustrate the importance of financial management forces in blending business strategy with shareholder value.
Another exercise during this session involved small groups of corporate real estate executives discussing how key business objectives are impacted by corporate real estate initiatives. The six business objectives used in the exercise were identified in previous research done at MIT by Lambert and others in conjunction with the International Development Research Council, the leading association of corporate real estate executives. The business objectives are business continuity; customer access and satisfaction; employee access, retention and satisfaction; economic value; operating efficiency; and productivity. "These goals are significantly affected by location decision making and workplace design," Lambert emphasized.
What did the discussion groups discover? "Operating efficiency is very important to our group, meaning cost savings," reported one group's representative. "Benchmarking was identified as important, as were various metrics." The group also listed flexibility of space, churn, exit strategies and the inevitability of change.
"We spent most of the time talking about employee retention and productivity, the latter in the context of a co-location case," noted another group's spokesman. "The economic reasons for doing a co-location fell apart for cultural reasons."
Another group was concerned most with employee access, retention and satisfaction. Members sought better demographic analysis to locate richer labor supplies, closer ties to the human resources department to understand what attracts the workers desired, and insights into what competitors are doing to address the same issues.
"We thought flexibility was absolutely critical," reported a fourth group's representative, "particularly in terms of adapting to information technology changes."
Economic value, cost savings and operating efficiency were another group's key areas, as was the importance of having information relating to transportation infrastructure and macro-economic development initiatives in critical locations.
"The implication of this exercise and the original research is not that any particular strategy creates value, but simply that there is a relationship between the workplace design decision, the location decisions and these objectives," Lambert related. "The customer access and business continuity objectives were raised when we began to ask what is different when the CRE unit is handling real estate globally?" she added. "Those objectives became much more significant issues when they were handling an international portfolio."
What to Pay the Piper?
The day's final session was a poignant one for the event organizer, Jones Lang Wootton. The topic was aligning service providers' interests with client objectives and performance-based compensation plans. Session facilitators were JLW's Mark McLaughlin and Debra Moritz, senior director and director respectively in JLW's corporate and advisory services unit.
"The hottest topic today among real estate professionals is, in fact, how service providers are paid in today's business [environment]," noted Debra Moritz, citing a recent industry survey. "We're seeing additional services and higher quality services demanded by CRE professionals. Some are less tangible than the historical operational services," she added. These include helping clients draft new performance metrics, realign the real estate department and other nontraditional services.
"Traditionally, people would look for a transaction provider to be paid on a commission basis, and other services might be thrown in for free," Moritz continued. "Corporations recognize that getting that extra value is worth a dollar, and now there seems to be a more direct correlation between services provided and the fees actually earned." The advisory or the traditional real estate brokerage approach to providing services is now moving in the direction of a management consulting approach with fees moving away from the commission-only structure to a fee-only or fee-plus-commission structure.
Based on survey findings and other resources relating to performance measurement tools used in the industry, "We have developed some ways the business unit is perceived to be measured and the service provider is perceived to be measured," McLaughlin related. "Now, the challenge is how to transition that to using compensation to enhance or improve different measurements. It's an art and a science. The art is where we like to use compensation as a way to enhance performance. The science is how do we actually do that so that it's fair and reasonable and does not create workload?"
Participants from the CRE side of the discussion continue to wrestle with such tasks as valuing services prior to contracting with providers for them, how to measure performance in performance-based compensation situations, and accessing departmental or corporate funds with which to hire consultants when they feel the need for outside expertise. Another concern is resolving these issues as the pendulum swings from an unbundled service delivery model to a bundled service model, where multiple services are provided under one contract. Still more vexing to some in the group is their superiors' "aversion to cutting a check for a real estate service provider." The message, they feel, is that in-house CRE personnel should be capable of handling any issue in the real estate domain.
But for CRE professionals to achieve what they must, as outlined in the three points raised at the beginning of this report, they necessarily will have to draw on resources near and far. Do the business units with whom the CRE is working help fund access to these resources? Fee and commission-sharing arrangements are becoming the norm at many companies, but the issue is ripe for further analysis.
Two points are clear where the service provider-client relationship is concerned. Performance measures will emerge from leading thinkers in the industry, and they will govern more and more such relationships in the years ahead. Secondly, corporate real estate executives will approach service provider arrangements from a greater position of power than they do today; they will, in fact, drive such relationships. Besides knowing their way around a lease contract, most CRE professionals within a few years will be financial management experts with an eye for adding shareholder value wherever possible. They'll either see that ability in their service providers' eye, as well, and agree to pay fairly for the service, or they won't.
SS
Features
The industry crossroads referred to in Part 1 of this report on Jones Lang Wootton’s Corporate Real Estate Leadership Forum was brought sharply into focus during the final two sessions of the day-long event. The meeting, which had a “Focus on Innovation” theme, was held at IBM’s world headquarters facility in Armonk, N.Y., on Nov. […]
Read MoreDoing business in the United States doesn’t necessarily mean doing so on the mainland.
Automation sweeps through the world’s industries, with no plan to slow down.
Survey reveals expectations of modest growth in the year ahead.
Plus glimpses into Ohio’s agreement with GM, new pharmaceutical capabilities at Rickenbacker International Airport and Kroger’s e-commerce growth in the state.
How Louisiana is coming back stronger after the 1000 year flood.
Features
Site Selection 1998 Top 10 Development GroupsAwards Presentation The 1998 Top Economic Development Groups were honored by Site Selection magazine in a special Awards Ceremony and Reception held during the IDRC World Congress in Boston, Massachusetts on Sunday, April 25, 1999. Tim Venable, Managing Editor, Site Selection magazine opens the Awards Ceremony. Don Dunshee (left), […]
Read MoreCross-disciplinary collaboration is in the DNA of America's crossroads.
WEST COAST LEADER HAS A LOT TO OFFER BESIDES A LOWER-COST LOCATION.
Projects across the 12,000 miles of the U.S. inland waterway system spotlight the impact of the U.S. Marine Highway Program.
AstraZeneca and MedImmune continue to find Maryland optimal for pipeline development.
Features
New Battlefields for the ‘Real Estate Revolution’: ‘Expandable Infrastructure,’ ‘Demand-Side Space’ Like the larger business world, the corporate real estate industry is in huge flux. Far-ranging issues like infrastructure integration and workplace metrics are the latest weapons of choice in what many call ‘the real estate revolution.’ b y J A C K […]
Read MoreMyanmar, formerly known as Burma, is one of Asia’s final frontier markets and investment destinations.
Property management teams tend to focus on operations when
the building is occupied and experiencing normal conditions.
After all, that’s when staff members are most likely to be on
site, and when they’re likely to be getting tenant feedback
on comfort issues. But for the majority of the year – likely
between 5,000 and 6,200 out of 8,760 hours – buildings are
unoccupied.
How Hoosier Energy built a network of FDI projects in 2 states
Carnegie Mellon University to oversee the national center of expertise in this technology of the future.
Features
From Site Selection magazine, March 1999 R E A L E S T A T E S E R V I C E S Workplace Design Is a Moving Target b y M A R K A R E N D Old ways of thinking about designing work space are clashing […]
Read MoreBusinesses thrive and easily find needed resources thanks to a new alliance of advanced manufacturers.
The Natural State drafts a plan for its companies’ future competitiveness.
Over-extended and overly risky supply chains are no longer tolerable.
Iowa Gov. Branstad has a four-point plan to boost his state’s business climate. Branstad touts Iowa’s strong Midwestern work ethic, a robust job training program, a favorable tax climate and its status as a right-to-work state as among its biggest draws, but he says the key to continued success is getting companies to notice the state.
MARCH 2009 So, What Is Your Board Up To? (cover) People & Projects Request Information
Features
From Site Selection magazine, March 1999 A U T O E X E C Systems and strategies for maximizing corporate real estate assets New versions of corporate real estate software systems are giving users no excuse not to use them — or even like them. Today’s software applications involve little or no learning-curve time […]
Read MoreHoliday gifts arrived early for a handful of cities around the country; for other cities it may seem like the economic development equivalent of coal in a Christmas stocking.
Saxony-Anhalt might be said to be remaking the world of medtech.
The new Kansas City International Airport terminal means just as much to Kansas as it does to its neighbor. Plus a look at Panasonic’s megaproject and logistics industry momentum.
Features
MARCH 1999 SITE SELECTION GOVERNOR’S CUP • COVER PAGE • MOTOWN RULES • 1998 PROPORTIONAL PERSPECTIVES • METHODOLOGY • NEW CORPORATE FACILITIES AND EXPANSIONS • THE LONG VIEW: MICHIGAN • 1999 FORECAST • 1998 TOP 20 U.S. FACILITIES by J A C K   L Y N E 1998’s SS Scoreboard demonstrates why […]
Read MoreTwo Tech Hub designations recognize innovation arising where America began.
SITE Visit From Site Selection magazine, September 2008 Trevor Hamilton, vice president of economic development for the Chattanooga Area Chamber of Commerce, has spent much of his career pointing out the attributes of the Enterprise South megasite. Now Volkswagen will put them to use. Chattanooga Stands and Delivers Volkswagen chooses a former U.S. Army munitions […]
A governor with an ambitious agenda is proving that Iowans are even more resilient than he thought. Battling recession, floods and misperceptions, Gov. Terry Branstad is ahead of schedule in reaching his four main goals.
‘This is no time to become complacent,’ says Commerce Secretary David Toland.
Features
Transportation Equipment, Industry Machinery Sectors Tops In “98 b y M A R K A R E N D Less robust growth characterized new manufacturing and expansion activity in 1998, according to Conway Data’s New Plant database tallies. Virtually every industrial sector did well, but global economic malaise took its toll. Solid economic […]
Read MoreGermany posted a GDP growth rate of 2.2 percent in the second quarter of 2010, the highest in 20 years.
THE 2006 COMPETITIVENESS AWARD From Site Selection magazine, May 2007 Take Two The Alabama Development Office claims its second Competitiveness Award. by MARK AREND mark.arend bounce@conway.com E ven as the Alabama Development Office (ADO) was battling its counterpart in Louisiana for the giant ThyssenKrupp steel plant project this spring, the agency paused in April to […]
When you think of the food and beverage industry in Kentucky you should see is a booming industry.
I llinois has broken archrival Michigan’s five-year claim to having the most new and expanded facilities in a calendar year – by just three projects. The 2002 almost-tie is testament to the Midwest’s economic strength; Ohio and Indiana also made the Top 10 list. Illinois, however, like virtually all states, saw […]
The stories are rampant. The Boeing Co. plans to double production, pushing an aircraft a day out of a Boeing hangar. The market for business jets is exploding. Product liability reform has re-opened the door for small aircraft production. But while the aerospace industry is enjoying an unprecedented rebirth, it comes after a decade of […]
Features
Long-Term View Sustains Global Location Activity b y M A R K A R E N D European markets saw robust business expansion activity in ’98, but even emerging markets did well as location experts looked beyond their current status. Wherever new-site locators looked in 1998, the story was pretty much the same: […]
Read MoreThe president of the Manufacturers Association of Nigeria sees promise on the horizon, once obstacles in the foreground are overcome.
How is the United States going to rein in health care costs, while still maintaining its competitive advantage in life science innovation? How are we going to provide adequate healthcare for seven billion — soon to be nine billion — people around the world?
A region known for its semiconductor fabrication leadership could reap the rewards if federal incentives come to pass.
Pandemic-era lockdowns put 20 million American workers out of a job. While most of those jobs have since been recovered, what Americans want from work has changed.
Features
M A N A G E M E N T S T R A T E G Y Tomorrow’s corporate real estate world will scarcely resemble yesterday’s or today’s, the pundits are fond of pointing out. The professionals in the industry know that. The key is getting the rest of the organization to see […]
Read More“Isolation will kill any company's chance of success,” says the founder of a firm studying hybrid workspace strategies worldwide.
Two homegrown Omaha companies — TD Ameritrade and CSG Systems International — are building new headquarters campuses in their home town, adding hundreds of thousands of square feet of new work space to Nebraska’s chief commercial center. Both are consolidating operations from multiple locations around the metro — five locations in TD Ameritrade’s case.
Located in beautiful Izmir, one of the principal cities on the Mediterranean Sea and Turkey's primary port for exports, ESBAS is home to global powerhouses like Hugo Boss, Fokker Elmo, Pratt & Whitney, PFW, Delphi Diesel, Gates, Mahle, Delphi Packard, Eldor Electronics, Aero and Cummins Inc. Together the companies located within ESBAS generate more than US$5 billion annually in manufacturing and trade.
If you didn’t know any better, you might think every plant or life sciences project in Canada is being driven by cannabis legalization.
Iwork for a wonderful company. One of the reasons I think of PepsiCo that way is the way it empowers women — you know, those people who make up half the world’s population. It’s why the company signed the White House Equal Pay Pledge in 2016. More recently, during Women’s History Month this spring, the […]
Features
From Site Selection magazine, March 1999 M A N A G E M E N T S T R A T E G Y Keeping Sprint’s New HQ Campus on Track Margaret P. Latshaw, Ph.D., is in the midst of what will likely be a high point in her career in corporate real estate. […]
Read MoreO'Hare's big project is just one aspect of the state's multifaceted role in international commerce.
An astounding 1,850 projects across nearly all categories of plastics and chemicals have been recorded in Site Selection's New Plant Database over the two and a half years since Jan. 1, 2011.
How TVA helped recruit a Belgian bus maker to a town in Tennessee.
The Top Utilities of 2019 help companies and communities map out the journey to success.
Four of the top five industries for corporate facility projects in 2011 showed substantially more expansions at existing sites than at new locations. China, India and South Korea continue to garner strong shares of projects across multiple industries.
Features
From Site Selection magazine, March 1999 M A N A G E M E N T S T R A T E G Y A futurist charged with leading his firm’s research in the field of facilities management and design for the next century shares his views of which forces will prevail and how […]
Read MoreHow companies are winning the battle for the best call center talent.
The state is doing its part to connect more homes and businesses to broadband.
Talk to enough corporate real estate decision-makers and, no matter what type of project is at hand, one issue consistently bubbles to the surface: parking.
The back 40 are a living lab for high-tech farming in the Bluegrass State.
Gulf Coast ports usher in an era of resiliency and record-setting deals.
Features
JANUARY 1999 COVER STORY Can Kvaerner Re-Launch U.S. Shipbuilding? Riding a wave of lofty expectations, and $430 million in incentives, European power Kvaerner has sailed into Philadelphia with the future of U.S. shipbuilding at stake, many observers insist. pg. 1103 Is a Corporate Campus Right for Your Business? pg. 1118 Congress Warms to D.C. Real […]
Read MoreWhile economists fret over bubbles of another kind, the leading maker of bubble drinks is stretching its wings. Lollicup USA Inc., the specialty beverage manufacturer, supplier and retailer, is moving from 140,000 sq. ft. (13,000 sq. m.) in two separate locations in Walnut and Industry, Calif., to one shiny new 300,300-sq.-ft. (27,898-sq.-m.) facility in the San Bernardino County community of Chino. The company plans to add to its payroll of 150 once the relocation is complete in mid-third quarter 2013.
Logistics management is giving companies new ways to improve customer service, control costs and make the most of opportunities in emerging markets. As a result, the global expansion equation is being revised as companies employ world-class logistics based on advanced information technologies. Once upon a time, location was the word that companies invoked to ensure […]
Known for the exploits of Ivan the Terrible and Peter the Great, among others, the capital city of Tatarstan now aims to make a name for itself as an international business hub. But first you have to find it on the map.
From Site Selection magazine, February 1992 Top Metros 1991 | Site Selection Online ©1992 Conway Data, Inc. All rights reserved. SiteNet data is from many sources and is not warranted to be accurate or current.
Texas admitted US$5.357 billion in foreign products in fiscal year 2008, tops in the U.S. among general-purpose FTZs
Features
PLEASE VISIT OUR SPONSOR ? CLICK ABOVE JANUARY 1999 Locating in North America: A Site Selection Primer by Jack Lyne North America offers a rich, lucrative market for foreign direct investment. But paying attention the basics in going global can dramatically up your odds for site selection success. Going global presents generous portions of promise […]
Read MoreNanjing’s many universities and other higher education institutions are meeting and exceeding investors’ human resources requirements.
How a manufacturer of mobile transformers sources talent in central Virginia.
Thousands of landfills nationwide contain mountains of methane that could be turned into energy.
Good things start happening when an economic development organization gets serious about workforce development.
Building size has outpaced the growth in the number of buildings over the past decade, according to the Commercial Buildings Energy Consumption Survey.
Features
PLEASE VISIT OUR SPONSOR ? CLICK ABOVE JANUARY 1999 Can Kvaerner Re-Launch U.S. Shipbuilding? by Jack Lyne Riding a wave of lofty expectations, and $430 million in incentives, European power Kvaerner has sailed into Philadelphia with the future of U.S. shipbuilding at stake, many observers insist. T“In the global economy, it is a bit funny […]
Read MoreNOVEMBER 2006 Infineon Inaugurates $1B Malaysian Fab (cover) Hong Kong Air Cargo Hub Gets ‘SuperSized’ N.C.-Based Textile Firm Opens Factory In China; Let Europe Eat Cake Brewer Puts Latin Projects on Tap; Survey Says London Is Still Hard to Beat Give Us Your Opinion! WORLD REPORTS Edited by JOHN W. McCURRY john.mccurry bounce@conway.com Infineon Inaugurates $1B […]
Deep pockets will fuel pockets of prosperity in these locations, thanks to major commitments from global corporations.
A new aquaculture operation aims to help Puerto Rico achieve food sovereignty one site at a time.
hen Sun Rich Fresh Foods recently located a new food processing facility in a Keystone Opportunity Zone (KOZ) in Reading, Pa., among the major draws to this site were its proximity to customer markets in the Eastern U.S., the available pool and cost of labor, and the water/wastewater infrastructure. The 43,000-sq.-ft. (3,995-sq.-m.) plant, located on […]
As part of the bicentennial celebration underway this year in the nation's 21st state, we take a look at seven companies with a major presence in the Land of Lincoln.
Features
PLEASE VISIT OUR SPONSOR ? CLICK ABOVE JANUARY 1999 Why Europe Beckons by MARK AREND Foreign direct investment in both the emerging and established markets of Europe is robust, thanks to investors’ flight to stability. Two European business location reports document where site seekers have been — and where they’re looking now. Whether a global […]
Read MoreParadigm shifts are a dime a dozen. But the leaders of Aligned Data Centers say this one’s for real.
While companies often revert to a fighting stance when it comes to the EPA, some are happy to accept its praise for their energy efforts.
When nine out of the top 10 corporate facility projects in a sector are valued at more than US$1 billion, you've officially arrived as a force to be reckoned with.
Saxony-Anhalt might be said to be remaking the world of medtech.
Higher education aims to take people and communities across Texas to higher ground.
Features
PLEASE VISIT OUR SPONSOR ? CLICK ABOVE JANUARY 1999 Congress Warms to D.C. Real Estate Group’s Message This January, the 106th Congress convenes to begin what will likely be one of the most contentious sessions of Congress in recent memory. It begins amidst possible impeachment proceedings against the president and will end at the height […]
Read MoreVirginia, Maryland and Delaware constitute the core of a region where you truly get what you pay for.
Three “catalytic” industries are charged with boosting Malaysia’s industrial ecosystems
Since 2000, China’s GDP grew from just under US$1.2 trillion to just under $7.3 trillion in 2011. In the process it has become the EU’s second largest trading partner (from US$ 100 billion to US$600 billion in trade between 2001 and 2011). No wonder the “Cities of Opportunity” study released earlier this month by PriceWaterhouseCoopers and the Partnership for New York City found Beijing and Shanghai rising to top-five status among global leading cities in the categories of economic clout and city gateway.
Features
PLEASE VISIT OUR SPONSOR ? CLICK ABOVE JANUARY 1999 Is a Corporate Campus Right for Your Business? by DAVID T. HARESIGN The decision to plan and build a corporate campus consists of dozens of often conflicting considerations, both tangible and intangible. If the corporate real estate executive wears many hats, here’s where he wears them […]
Read MoreWe sit down with two pros to get their take on the future of manufacturing in the region.
A conversation with Amazon Head of Worldwide Economic Development Holly Sullivan.
MAY 2007 From Pipe Dreams to Production (cover) Meet a Member Professional Forum Report IAMC People & Projects Request Information
Data on how often you relocate your body could be valuable to those who want to locate companies in healthy places.
Features
PLEASE VISIT OUR SPONSOR ? CLICK ABOVE JANUARY 1999 THE FOLLOWING IS A SIDEBAR TO THE ARTICLE Is a Corporate Campus Right for Your Business? A Checklist for Corporate Campus Planners When planning a corporate campus, it is important to define exactly what you wish to achieve. Here are the recommended steps: 1. Using the […]
Read MoreLast week Princeton, N.J.–based Bristol-Myers Squibb became the latest to latch on to a life sciences wave striking Florida.
A deepwater terminal in Pascagoula is a linchpin for one bioenergy company’s global business plan.
From Copenhagen and Stockholm to Oslo to as far out as Helsinki, Nordic markets are bubbling towards a top. After several years of rapid growth in available space, the market tune has changed. As a result, corporate denizens are scrambling to reposition themselves to control occupancy costs, which, for the average firm, make up 20-30 […]
Springtime in Paris means an aero-defense industry project back home.
Every picture tells a story. Every year corporations and communities come together to paint pictures of project success. And every spring Site Selection salutes the best corporate facility projects in the world, judged by investment, high-value and high-volume job creation, creativity in negotiations and incentives, regional economic impact, competition and speed to market.
Features
OCTOBER/NOVEMBER 1998 1998’s Business Climate Rankings: The Playing Field Levels by Jack Lyne North Carolina and Ohio top U.S. state rankings, while the USA and the UK lead the global pack. Above all, though, 1998’s rankings underscore pronounced geographic balance. Location, location, location, goes the old site selection saw. Call it Freud does business location […]
Read MoreHere’s how top employers are handling the return-to-office debate.
Consumers Energy and Michigan communities leave coal behind on the road to a net-zero future.
Two US companies announced plans in New York in early April to establish operations in Scotland.
The Global Wind Energy Council (GWEC) in February announced that global installed wind energy capacity increased by 19 percent in 2012 to 282,000 MW.
California leads the nation in venture capital, innovation and entrepreneurship.
Features
OCTOBER/NOVEMBER 1998 1998’s Alternating Business Climate Currencies: Whiplash Changes Leave Location Winners, Losers in Wake by Jack Lyne The ruble is in ruins, and the Pacific Rim is now “the pathetic rim,” some analysts say. But some firms are expanding to capitalize in a year of whiplash change in world business climates, one that may […]
Read MoreIt could be innovation in pipelines. It could be trucking, airport and shipping lines. It could be foreign trade zones and borderlines, and credit lines as well.
Meta’s announced plan for an $800 million data center southwest of Boise represents the biggest dollar investment in Idaho since at least as far back as 2015...
Most buyers of Ford Motor Co.’s 2013 Escape won’t know specifically where their new mini-SUV was made. But, in fact, they will have Louisville labor and a labor-friendly Kentucky business climate to thank for their ride. Ford invested $600 million in late 2010 in its Louisville Assembly Plant (LAP). The project is adding 1,800 jobs to the 1,100 already in place.
Nearly 45 years after first arriving in Costa Rica, Bayer continues to reinvest. Here’s why.
Winston-Salem blends its tobacco past with a biotech future. After an 18-month, US$100-million makeover, two former R.J. Reynolds tobacco warehouses in downtown Winston-Salem re-opened in February 2012 as a 242,000-sq.-ft. (22,482-sq.-m.) state-of-the art biotech center that houses medical research departments affiliated with Wake Forest Baptist Medical Center and an incubator for fledgling biotech firms.
Features
OCTOBER/NOVEMBER 1998 Baan’s Battle with Skyrocketing Space Demands by Jack Lyne Baan’s big U.S. move coincides with a number of key challenges, most based in blur-like growth. But business climate factors augur well for the software giant’s $40 million Virginia project. “We’ re going to divide this office and the conference room into cubicles,” says […]
Read MoreMichigan companies make their mark in life sciences and medical devices.
If there?s one sure thing that you can say about utility deregulation, it?s that it?s complicated. Some states are deregulated, some aren?t, and some are in the process of deregulating. New services and products are coming online regularly, and new terms in the energy-shopping arena are popping up everyday — so many things to learn, […]
By adding certified sites to the mix, Northwest Ohio looks to build on an already robust supply chain in agribusiness.
How one California county equips workers with skills in technology and entrepreneurship.
Mississippi’s Community Colleges are paving the way toward promising careers in advanced manufacturing.
Features
OCTOBER/NOVEMBER 1998 Industry Mission: Growth Management As the corporate real estate profession evolves to include more functions and the very ground shifts from private ownership to public ownership of assets, so too must the composition of organizations seeking to serve the profession evolve. A case in point is the Chicago-based Commercial Investment Real Estate Institute […]
Read MorePart of an organizational and civic transformation, the largest hospital move in Canadian history makes record time in Montreal.
Where jobs and people are growing, you’ll find 7 things these locations have in common.
A s companies focus on their core competencies to remain in the black, there is greater incentive to turn to commercial real estate service providers to handle the real estate and facilities management functions. Companies outsource projects to reduce costs while simultaneously gaining special niche skills and services such as lease […]
Features
OCTOBER/NOVEMBER 1998 The road to opening a new facility is fraught with land mines, but avoiding the myths outlined here can help clear the way to an on-time start-up. Debunking the Top Start-up Facility Myths by Brad Cunic Recently, a company spent millions of dollars buying a prime piece of real estate on which to […]
Read MoreKansas’ legacy of innovation and collaboration
elevates the state’s aerospace sector.
According to the Global Business Alliance, New Jersey has the highest concentration of foreign direct investment (FDI) jobs as a share of private-sector employment in the U.S.
The oldest brewery in the US had the right idea when it established in Pennsylvania. Today 178 craft breweries call the Keystone State home.
It’s been 12 years since Dr. John A. McLachlan, director of the Center for Bioenvironmental Research (CBR) at Tulane and Xavier Universities
Features
Highlights from October/November 1998 COVER STORY Baan’s Battle with Skyrocketing Space Demands Baan’s big U.S. move coincides with a number of key challenges, most based in blur-like growth. But business climate factors augur well for the software giant’s $40 million Virginia project. pg. 908 Whiplash Changes Leave Location Winners, Losers in Wake pg. 890 Industry […]
Read MoreDear IAMC Members and Prospective Members, Just as we often ask ourselves on the job, I find myself asking this question at the end of my tenure as chair of IAMC: “Where did the time go?” But I know the answer. It went into a year and a half […]
A vast network of colleges, universities, technical schools and trade schools prepares students around Kentucky for rewarding careers in virtually all occupations.
QUESTION & INSIGHT From Site Selection magazine, January 2009 Helping Us Help Ourselves NCR’s global real estate activity follows the lead of a ‘deep and wide’ corporate strategy. Georgia Gov. Sonny Perdue (foreground, left of placard) exults at the announcement at the Georgia Capitol with NCR Senior Vice President Chris Wallace (foreground, right of […]
Atlanta-based media and communications company Cox Enterprises in late January announced plans to build a new 600,000-sq.-ft. (55,740-sq.-m.) office complex on its campus headquarters in Sandy Springs, Ga.
