Content related to ‘CoreNet’

Tsinghua University Students Win CoreNet Global’s First Academic Challenge

Tsinghua University Students Win CoreNet Global’s First Academic Challenge

“Orchestra,” a proposed system of coordinating the many facets of corporate real estate (CRE) developed by a team of students from China’s Tsinghua University, has won the first-ever Academic Challenge presented by CoreNet Global.  The student team and the university will each receive $10,000 for winning the challenge. The goal of Orchestra is to close the gap between the speed of real estate and the speed of business, according to the team’s entry. “We are trying to reduce the days, weeks or months between the realization of the existing need of more space (office space, manufacturing space, storage space, and other types) and its final delivery in form of usable area,” according to the team’s application. “The gap between the speed of business and the speed of corporate real estate is a persistent challenge in our profession,” said Dean Jordan, Senior Director of Business Development, University & External Relations. “These students took on that challenge and developed an innovative solution that not only impressed the judges, but also demonstrated the potential to be further developed and applied in real world settings.” Orchestra is a conceptual project extranet software, which would be managed by the CRE department, and operate in real time through the cloud in PC and mobile devices (smartphones and tablets) with several objectives: Store standardized information of the various functions of corporate real estate — to compare their compatibility for any specific project Control the transfer of information among the stakeholders Process the information generated during transactions to provide for more transparent and efficient decisions made by the CRE department Integrate the CRE management of the corporation in any city or region around the world into one central control data base that provides real time information as required by the head managers or shareholders Credit: Tsinghua University In its entry, the student team said that Orchestra closes the gap by reducing the time required to deliver information and share feedback, storing and providing access to project history, allowing global integration with instant access to worldwide corporate portfolios and creating open spaces where managers, consultants and contractors can see each other and make decisions in a more transparent environment. CoreNet Global launched the Academic Challenge, which is sponsored by Cushman & Wakefield, earlier this year. Real estate, human resources and technology typically rank among the top three expenditures of most corporations, and corporate real estate executives manage millions (and sometimes billions) of dollars of assets across the globe. The academic challenge is part of CoreNet Global’s strategic priority of strengthening its… …Read More…


Question of the Week: How Do You Support Productivity In Your Facilities?

workplace-productivity

Investing in workplace well-being supports productivity. So why do so many companies make it difficult for employees to concentrate with workplaces that are too hot, too cold, too loud, or too confining?


Study Ties Cities’ Smart Grid Use To Economic Drivers For CRE Health

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Do smart grid investments pay off for cities? In what ways? Jones Lang LaSalle examined the top “connected cities” as identified in a U.S. News & World Report study to find out how these cities fared in terms of three indicators of economic health: job growth, GDP, and commercial real estate value. Oct 9, 2012 @ 2:08 PM



OSCRE And CoreNet Collaborate To Advance Technology Adoption

OSCRE And CoreNet Collaborate To Advance Technology Adoption

OSCRE (the Open Standards Consortium for Real Estate), announced it has signed a Memorandum of Understanding together with CoreNet Global, with the aim of advancing the use of technology in the real estate sector to the benefit of both sets of members and wider real property industry. The two organizations will become more closely acquainted with each other’s goals and leverage the knowledge and insights of the respective memberships required to deliver best practice business processes around the use of technology in sharing data. OSCRE and CoreNet Global will collaborate and co-ordinate their research and development efforts in order to take mutual advantage of work already accomplished; foster alignment of objectives; ensure standards development work is effectively co-ordinated; and work together to help prevent the proliferation of competing and duplicative efforts.