Uncategorized | Facility Executive - Creating Intelligent Buildings

By Lisa Stanley 2015 has seen significant consolidation in the real estate service provider and software sectors serving the corporate real estate market. CBRE has purchased Johnson Controls, DTZ merged with Cushman & Wakefield, and MRI Software acquired Cougar Software, among others. This industry consolidation is expanding the global footprints of these organizations and with it an increasing need for attention to compliance and regulatory oversight issues. Timeframes for due diligence are also getting shorter in some markets with evaluation and decision making on whether to proceed now required in days and weeks not months. As a result, data integrity is key to these transactions through the due diligence process and beyond. With consolidation comes challenges — additional platforms that don’t communicate with each other for collecting and analyzing data, managers of these platforms who aren’t accustomed to communicating with each other, and an expanded client base that expects a consistently high level of service regardless of the internal issues that accompany consolidation for their vendors and business partners. How can an organization manage the integration of the data effectively with the complexities of regulatory compliance? The first step of the transformational change is acknowledging the difference between information and data. Information is the key — it’s derived from the data collected and drives decision — making at all levels of the organization. An Information Strategy and Roadmap is needed that implements standards as a building block for the framework using the following steps: Incorporate standards requirements into RFPs for systems and services. Use a standards approach as core to systems integration with business partners. Design an information model built upon standards. Develop functional and systems requirements that are built on standards. Integrate corporate data governance procedures into all aspects of the plan. The next step in the change process is to develop a clear value statement for standards that resonates with the C-suite. For some, this approach is a significant shift from one that has been focused on cost rather than value. Improved information quality builds a stronger data governance program, effectively addresses risk management and compliance issues, and improves benchmarking and performance. This value-based approach enables organizations to implement quickly and maintain agility, and makes on-boarding acquisitions faster not just locally, but globally. Consistency and quality of information is integral to the process, starting with implementation of a data dictionary that ensures the use of common terms and definitions within the organization and with external business partners. Think of a data dictionary as a cohesive way to link outsourcing, systems, processes, and... ...Read More...


By Lisa Stanley 2015 has seen significant consolidation in the real estate service provider and software sectors serving the corporate real estate market. CBRE has purchased Johnson Controls, DTZ merged with Cushman & Wakefield, and MRI Software acquired Cougar Software, among others. This industry consolidation is expanding the global footprints of these organizations and with it an increasing need for attention to compliance and regulatory oversight issues. Timeframes for due diligence are also getting shorter in some markets with evaluation and decision making on whether to proceed now required in days and weeks not months. As a result, data integrity is key to these transactions through the due diligence process and beyond. With consolidation comes challenges — additional platforms that don’t communicate with each other for collecting and analyzing data, managers of these platforms who aren’t accustomed to communicating with each other, and an expanded client base that expects a consistently high level of service regardless of the internal issues that accompany consolidation for their vendors and business partners. How can an organization manage the integration of the data effectively with the complexities of regulatory compliance? The first step of the transformational change is acknowledging the difference between information and data. Information is the key — it’s derived from the data collected and drives decision — making at all levels of the organization. An Information Strategy and Roadmap is needed that implements standards as a building block for the framework using the following steps: Incorporate standards requirements into RFPs for systems and services. Use a standards approach as core to systems integration with business partners. Design an information model built upon standards. Develop functional and systems requirements that are built on standards. Integrate corporate data governance procedures into all aspects of the plan. The next step in the change process is to develop a clear value statement for standards that resonates with the C-suite. For some, this approach is a significant shift from one that has been focused on cost rather than value. Improved information quality builds a stronger data governance program, effectively addresses risk management and compliance issues, and improves benchmarking and performance. This value-based approach enables organizations to implement quickly and maintain agility, and makes on-boarding acquisitions faster not just locally, but globally. Consistency and quality of information is integral to the process, starting with implementation of a data dictionary that ensures the use of common terms and definitions within the organization and with external business partners. Think of a data dictionary as a cohesive way to link outsourcing, systems, processes, and... ...Read More...

CRE Industry Consolidation Adds To Information Management Challenges

Uncategorized Articles

CRE Industry Consolidation Adds To Information Management Challenges

CRE Industry Consolidation Adds To Information Management Challenges

By Lisa Stanley 2015 has seen significant consolidation in the real estate service provider and software sectors serving the corporate real estate market. CBRE has purchased Johnson Controls, DTZ merged with Cushman & Wakefield, and MRI Software acquired Cougar Software, among others. This industry consolidation is expanding the global footprints of these organizations and with it an increasing need for attention to compliance and regulatory oversight issues. Timeframes for due diligence are also getting shorter in some markets with evaluation and decision making on whether to proceed now required in days and weeks not months. As a result, data integrity is key to these transactions through the due diligence process and beyond. With consolidation comes challenges — additional platforms that don’t communicate with each other for collecting and analyzing data, managers of these platforms who aren’t accustomed to communicating with each other, and an expanded client base that expects a consistently high level of service regardless of the internal issues that accompany consolidation for their vendors and business partners. How can an organization manage the integration of the data effectively with the complexities of regulatory compliance? The first step of the transformational change is acknowledging the difference between information and data. Information is the key — it’s derived from the data collected and drives decision — making at all levels of the organization. An Information Strategy and Roadmap is needed that implements standards as a building block for the framework using the following steps: Incorporate standards requirements into RFPs for systems and services. Use a standards approach as core to systems integration with business partners. Design an information model built upon standards. Develop functional and systems requirements that are built on standards. Integrate corporate data governance procedures into all aspects of the plan. The next step in the change process is to develop a clear value statement for standards that resonates with the C-suite. For some, this approach is a significant shift from one that has been focused on cost rather than value. Improved information quality builds a stronger data governance program, effectively addresses risk management and compliance issues, and improves benchmarking and performance. This value-based approach enables organizations to implement quickly and maintain agility, and makes on-boarding acquisitions faster not just locally, but globally. Consistency and quality of information is integral to the process, starting with implementation of a data dictionary that ensures the use of common terms and definitions within the organization and with external business partners. Think of a data dictionary as a cohesive way to link outsourcing, systems, processes, and… …Read More…


Five New Trends Shaping Commercial Real Estate Development

Five New Trends Shaping Commercial Real Estate Development

Five new trends are shaping commercial real estate development in the United States, according to new research from Prologis, Inc. The latest paper from Prologis Research — “A New Supply Paradigm: Five Trends Shaping Real Estate Development” — identifies the factors that are leading to a more disciplined development cycle compared to past cycles. These factors include: Consolidation and institutionalization: Movement toward larger-scale institutions as key players. Greater aversion to and a measured appetite for risk: Changing attitudes by institutions–both on the equity side and the debt side. New lending constraints: Expanded banking regulations and a preference for relationship lending and institutional borrowers. Tighter talent pool: A shortage of real estate professionals with relevant development expertise. Better access to industry information: The ability to approach opportunities and risks proactively and in real time. “The great recession laid the groundwork for more conservatism on new commercial development in the U.S.,” said Chris Caton, senior vice president, Prologis Research. “Today, key players are more disciplined and are in a better position to respond to shifting market dynamics.” Related articles across the web Other posts by Real Street Tech


Crelow Launches Services To Help CRE Tenants Find The Perfect Space

Crelow Launches Services To Help CRE Tenants Find The Perfect Space

Smaller tenants looking for less than 5,000 square feet represent 80% of the office market, generally take the same amount of a rep’s time, but generate less revenue per deal than larger tenants. To make these tenants more attractive to tenant and landlord reps, Crelow has introduced three new services —Crebates™, Rep Matcher™, and Bid Requests™ — that will help smaller businesses find their perfect space.  The services add to the capabilities of the Crelow Deal Board™, announced earlier this year, the first service in the commercial real estate industry that allows tenants to send out bid requests and have the market come to them. “Crelow has only been in business for about 10 months but we’re excited to introduce three new services we believe will revolutionize the way commercial real estate is done. All three of these new services are available right now in both of our current markets, Minneapolis/St. Paul and Denver,” Jim Simpson, Founder and CEO of Crelow, wrote in his blog. “Though much of what we do and how we do it has been enhanced with the release of these new services, the inspiration behind Crelow itself is unchanged,” he continued. “From the very first whiteboard session more than two years ago, Crelow has been designed from scratch with just one goal in mind: Put tenants in control and help them find the perfect fit in their next office.” Crebates™ Crelow’s new marketplace has changed the way bids are created with a product called the Crebate™. Commissions paid by landlords to tenant reps can add significant cost to a lease deal. Instead, the Crebate helps landlords submit more attractive bids with a flexible tenant cash incentive. This incentive, paid directly to the tenant after lease signing, is created from the commission savings they derive by dealing directly with tenants who have submitted Bid Requests without tenant representation. Rep Matcher™ Rep Matcher solves a problem for both tenant and rep. It gives reps access to prequalified tenants coming to them, and broadens the tenants’ opportunity to find a rep they feel comfortable with. Once they have filled out basic information about the size, style and move-in date of the office space they are seeking, the technology presents the tenant with a “gallery” of reps who specialize in what they are looking for and, with the click of a button, they can request an introduction. The Bid Requester™The Bid Requester™ web-app assists tenants in specifying the size, style, location, price and special requirements for office space that can help them attract and retain the right people. Bid requests are posted to… …Read More…


iFunding Repays Largest Crowdfund Loan To Date

iFunding Repays Largest Crowdfund Loan To Date

iFunding, a New York City-based commercial real estate crowdfunding platform, announced it has repaid its largest commercial loan to date for an investment in a $55 million construction project for two Courtyard Marriott hotels and an office building located in Stamford, CT. The deal offered participants an opportunity to investment with a $1 million mezzanine loan alongside a Forbes 50 Family Office. The real estate loan was repaid ahead of schedule. “iFunding takes pride in offering its investors opportunities to participate in large commercial projects,” said William Skelley, iFunding founder and CEO. “By partnering with highly regarded organizations in the real estate industry, we are able to deliver the best investments for our investors.” This was iFunding’s second project in conjuncture with the family office, which has brought five deals to the iFunding real estate crowdfunding platform. Seaboard Properties was also involved as the project sponsor for the $55 million project. That firm owns and manages a portfolio of diverse commercial and residential properties. Related articles across the web Other posts by Anne Cosgrove


Clients, Tenants Worldwide Increasingly Demanding Sustainability

Clients, Tenants Worldwide Increasingly Demanding Sustainability

Clients and tenants worldwide are increasingly demanding sustainability – for both energy efficiency and occupant benefit — and green building continues to double every three years, according to the World Green Building Trends 2016 report by Dodge Data & Analytics. The findings of the report, which received funding from United Technologies, were presented by Bob McDonough, President, UTC Climate, Controls & Security at the recent 2015 Greenbuild International Summit in Washington, DC. “It’s critical that building industry professionals have the latest data and trends to inform designs and decisions,” said McDonough. “This information is valuable as we look to accelerate buildings that will foster sustainable, healthy environments.” The new report surveyed more than 1,000 architects, engineers, contractors, owners, specialists and consultants in 69 countries to understand their current green building project involvement and expectations for 2018. In addition to expanding the sample size by more than 25 percent over the 2012 study, the new report also has a higher percentage of architect and contractor participation across a larger number of countries. “The greater engagement by practitioners reflects the current green building environment,” said Stephen A. Jones, Senior Director of Industry Insights, Dodge Data & Analytics. “Their responses demonstrate that sustainability continues to have a transformative effect on design and construction professionals globally.” (Source: UTC Climate, Controls & Security) Green Building Trends Across all regions studied, respondents increasingly projected that more than 60 percent of their projects would be green projects by 2018, with a doubling from current projects across the Middle East, North Africa, Asia, South America and Sub-Saharan Africa. The largest percentage of green building activity continues to be in the commercial building segment, comprising 46 percent of respondents’ future green building projects. Activity in institutional buildings – schools, hospitals and public buildings – is expected to surpass green building projects in existing buildings (38 and 37 percent respectively) by 2018. Green Building Drivers Client demands are a driver for green building activity according to 40 percent of respondents, followed by environmental regulations (35 percent). Both categories increased over 2008 and 2012 responses. An enhanced awareness of the occupant and tenant benefits of green buildings emerged in the 2016 report, with healthier neighborhoods (15 percent), higher return on investment (11 percent) and employee recruitment (5 percent) increasing as drivers. Regarding social motivators, respondents ranked encouraging sustainable business practices as the most important benefit of green building (68 percent), followed by its ability to support the domestic economy, create a sense of community, and increase worker productivity (all 50 percent or higher). From an… …Read More…


Miami Office Tower First In Florida With WiredScore

Miami Office Tower First In Florida With WiredScore

Southeast Financial Center in of Miami’s Central Business District recently received Gold Wired Certification under Wired Score, a rating system that recognizes buildings for internet connectivity, infrastructure, and readiness to improve. Built in 1984, the building totals 1.225 million SF, and it is the first in the State of Florida to receive this recognition for the technology and connectivity available to tenants. Southeast Financial Center, Miami, FL Located at 200 South Biscayne Boulevard, Southeast Financial Center is comprised of two buildings: a 55-story Class A Office Tower distinguished and a 15 story Annex Building which houses the popular DavidBartonGym and 1,200 parking spaces.  Wired Score was launched in 2013 as WiredNYC by the then Mayor Michael Bloomberg’s administration in partnership with New York City Economic Development Corp. In April 2015, the program has expanded Wired Certification service to office property owners, asset managers and leasing agents in cities nationwide, including Boston, Chicago, Miami, Washington, DC, and San Francisco. J.P. Morgan Asset Management — Global Real Assets owns the property on behalf  of institutional investors. Amanda Voetsch, executive director with the firm, said, “As Miami continues its urban renaissance, the office space requirements of its tenants have also evolved. Tenants are requiring more sophisticated programming and amenities focused on technology and sustainability. These latest accolades position Southeast Financial Center at the forefront of this movement, and we are by no means finished with our improvement efforts.” Sean McNamara, general manager with JLL, the building’s leasing and property management team, said “J.P. Morgan Asset Management – Global Real Assets has invested more than $20.5 million on capital improvements at Southeast Financial Center since its clients acquired the building 100 percent in late 2008. The enhancements were chosen and implemented to allow the property to stand out as a leader in the market. We look forward to continuing to work with ownership to set the benchmark for class A office space in Miami.” Capital improvements at the property contributing to the Wired Certification include: Multiple carrier sources of high-speed fiber optic broadband connectivity Multiple riser pathways to support tenant diversity requirements and allow for connections from independent locations Public Wi-Fi in common areas to enhance access to connectivity throughout the building Telecom equipment located above grade to prevent damages from flooding First responder disaster and recovery system in place to enhance safety and security “Internet connectivity has become a critical need for businesses to operate on a day-to-day basis and is a top priority for businesses seeking new office space,” said Arie Barendrecht, CEO and co-founder of WiredScore. “We applaud… …Read More…





National Disaster Resilience Competition Launched

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HUD partners with the Rockefeller Foundation to announce $1 billion competition.