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Real Estate Services, September 2002, Site Selection Magazine

Worldwide Practice Named Real Estate Law Firm Of the Year The law firm of Paul, Hastings, Janofsky & Walker, founded in Los Angeles in 1951, was named the International Real Estate Law Firm of the Year at the Chambers Global awards in London, which honors the finest performers in international commercial law. Philip Feder   […]

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Question and Insight: Operation Sea Change

T ony Miele’s job could be compared to that of the captain of a supertanker making a U-turn in a swiftly moving river.         Ontario Realty Corporation (ORC) for generations has served as the Canadian province’s property asset management arm, an agency charged with owning and operating facilities in which government ministries […]

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World Reports, Site Selection Magazine, September 2002

From Site Selection magazine, September 2002 WORLD REPORTS   | CHINA | ENGLAND | MEXICO | EUROPE | AMSTERDAM | FREE AND OPEN TRADE | As Rest of World Shuffles, China Sprints Even amid widespread concern about too much reliance on China as the new industrial powerhouse, the capital and projects just keep coming.   […]

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Rating Best Places: Going Beyond Real Estate in Making Location Decisions

A fter a period of rapid growth, company managers may step back and ask if their current facilities structure — often haphazardly cobbled together through mergers and acquisitions and building on existing operations — can be rationalized in a strategic manner to more efficiently and cost-effectively meet the needs of the integrated firm.     […]

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Broadband: The Next Utility

B roadband Internet access is rapidly being perceived by governments and business as an essential utility which will soon be as important as water or electricity to economic development. Cities or regions that embrace this concept and make this new utility widely available are variously described as being “intelligent, smart or wired.”       […]

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Big Blue’s Big Investment in a Smart City

TAMPA — IBM didn’t have to turn to its Deep Blue supercomputer to find the answer for this site location decision. It really wasn’t that complicated.         “The Tampa Bay Area has been a long-time focus IBM. We have many clients in this area and more than 1,300 employees involved in the […]

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Introducing The Competitiveness Institute

The mission of The Competitiveness Institute is to improve the living standards and local competitiveness of regions across the world by enhancing cluster-based development initiatives.         Our focus is primarily on regional clusters – geographic groupings of firms in the same or closely related industries. The Institute’s members are active in 38 […]

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2002 Global Infrastructure Report

P hil Condit, chairman and CEO of The Boeing Co., knows a thing or two about the importance of infrastructure to economic development. After all, without the airports and transport systems providing access to them, his global, multi-billion dollar aerospace company wouldn’t be around.         “Economic growth follows infrastructure,” Condit told members […]

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Business Parks: Beijing’s Science Cities

I BM and Cisco Systems call Beijing home. Now the plan for the Beijing Science and Technology Park Construction Company Ltd. is to recruit even more big names from the West to establish operations around China’s capital city.         The lure? Brand new, high-tech corporate campuses that are virtual “Science Cities” — […]

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Destination Europe: Getting E-Noticed, Site Selection Magazine, September 2002

G etting e-noticed involves far more than simply replicating your organization’s brochures online. Economic development agencies in Europe ? that might previously have sat back and let their regions’ charms speak for themselves ? are increasingly adopting a far more polished approach. This might not necessarily involve investment in all-singing, all-dancing flash-enabled Web sites, but […]

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Utilities: Big Fish In a Murky Pond

H ow can you help your region grow when you’re busy managing your own growth?         That is one of several questions facing the economic development arms of utilities big and small around the United States. As a recent benchmarking and best practices survey by the Utility Economic Development Association found, utilities […]

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Real Estate Alchemy: Gold From Bricks and Mortar

E xecutives of the US$11 billion Computer Sciences Corporation understand the business benefits of outsourced services as well as anyone. The El Segundo-based company earned a $344 million profit in its 2002 fiscal year as an outsourcing provider of information technology services to corporations. Check that. Approximately $40 million of Computer Science’s 2002 profits came […]

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Editor’s View: Leadership, Among Other Things

I ‘ve saved this space to recognize some outstanding individuals in the corporate real estate profession — the seven winners of this year’s Site Selection Corporate Real Estate Leadership Awards, which were presented at the CoreNet Global Summit this past May, in Salt Lake City. With their permission, we will spotlight the work they do […]

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World Reports, Site Selection Magazine, July 2002

From Site Selection magazine, July 2002 WORLD REPORTS   | SOUTH KOREA | MEXICO | AUSTRIA | PORTUGAL | SINGAPORE | SCOTLAND | Incheon Stakes Its Claim as Intelligent City In the first-ever U.S.-South Korean real estate joint venture, The Gale Co. has been tapped as a partner in developing the US$12.5-billion New Songdo Intelligent […]

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Real Estate Services, Site Selection Magazine, July 2002

Grubb & Ellis Growth in Services and Affiliates Inspires Investment Real estate investment firm Kojaian Ventures, based in Bloomfield Hills, Michigan, has agreed to stake $15.2 million on the growing fortunes of real estate services firm Grubb & Ellis, a measure that would grant Kojaian the voting power of a majority stockholder. The investment will […]

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Joe Moravec: Man on a Mission, Site Selection Magazine, July 2002

J oe Moravec, commissioner of the Public Buildings Service of the U.S. General Services Administration, recently sat down with Site Selection’s Director of Publishing Ron Starner for an interview on the changing role of GSA and how the agency’s new direction will impact corporate America.         The linchpin of Moravec’s strategy is […]

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High

W hen Concept Inc. went looking in 1988 for a site to manufacture arthroscopic medical devices, the company found what it needed in Largo, Fla., a town in the Tampa Bay Area on the Gulf of Mexico.         Today, the US$256 million-a-year company known as Linvatec employs 1,100 workers and occupies 235,000 […]

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Is Your Outsourcing Contract Paying Off?

N ine out of 10 CFOs based in the U.S. believe that using outside resources to perform non-core functions increases shareholder value.1 Yet fewer than two out of 10 have empirically measured the return on investment (ROI) of their outsourcing initiatives. Those who have measured ROI report an average of 17 percent savings.     […]

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European Facilites: Fallout from the Fallback

T he queues were shorter, but the destinations more varied.         That is one conclusion to draw from the annual “European Investment Monitor” report from Ernst & Young. European new facilities and expansions dropped 12 percent in 2001, but it was a good year nonetheless for “gatecrashers, EU (European Union) accession countries […]

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R&D Parks With an Edge

E merging industry clusters in such high-tech fields as life sciences and software engineering are driving demand for a new breed of business park. But more than futuristic laboratory and office space is required to catch the attention of industry players seeking suitable locations in which to research and develop tomorrow’s systems and services. The […]

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Tax Burdens Are Relative

S ite seekers evaluating California locations have used, for some time, the Kosmont Cost of Doing Business Survey, among other tools. Kosmont Realty Corp., Los Angeles, has gathered cost information on hundreds of communities in The Golden State.         This research has now been expanded to include 22 markets outside California, giving […]

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Our Mission: To Analyze, Interpret, Educate and Lead

 D o you sometimes think that you receive too much information? In his excellent 1999 book, How the News Makes Us Dumb: The Death of Wisdom in an Information Society, historian C. John Sommerville laments the loss of truly wise people in an era in which meaningless daily news consumes us, and in which we […]

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Who’s Keeping Score?

 I f you’re not keeping score, then you’re just practicing, goes the adage. More and more economic development groups are realizing how true that is as they evaluate their performance relative to other locations. The heated Governor’s Cup contest covered in our March issue is testament to that. But other measures are emerging that can […]

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Corporate Real Estate Performance Ratios: How Does Your Organization Stack Up?

 M ost Fortune 1,000 companies view corporate real estate as a strategic asset. This means it plays a primary role, along with human resources, technology and information, in helping the company achieve its long-run goals and objectives. In 1993, the International Development Research Council’s (IDRC) first Corporate Real Estate 2000 Program report said, “We have […]

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