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Corporate Real Estate Journal
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     ISSN (Print) 2043-9156 - ISSN (Online) 2043-9148
     Published by Henry Stewart Publications Homepage  [18 journals]
  • Better data, better CRE cost-savings
    • Abstract: Expanding on papers previously published in the Corporate Real Estate Journal (November 2010 and October 2012), CEO Wales and one of his firm's senior consultants are looking ahead at the next tier of savings that can be leveraged in commercial real estate primarily through technology. From ‘bringing corporate real estate business models into the 21st century’ to seeing ‘promising transformation’, the authors now discuss emerging efficiency opportunities, with major corporations taking a leadership role in cost reductions and savings. Much of the future's promise is resulting from innovative real estate and workplace technology systems that have provided an excellent foundation of better lease data, improved asset management through targeted data analysis, better management of space utilisation and enhanced utilisation of mobile work programmes through better technology and people tracking. On an ongoing basis, greater and more refined data allow for more macro analytics that, in turn, lets CRE drill down to discover more granular opportunities.
      Content Type Journal Article
      Category Papers
      Pages 349-356

      Authors
      Phil Wales
      Steven McKissick
      Journal Corporate Real Estate Journal

      Online ISSN 2043-9148
      Journal Volume Volume 3
      Journal Issue Volume 3, Number 4 / Summer 2014
      PubDate: Fri, 08 Aug 2014 14:11:46 GMT
       
  • Trust me! Exploratory research into office design and organisational trust
           causality
    • Abstract: Swinburne University of Technology, Geyer and The Great Place to Work (GPTW) undertook a research project in 2012–13 in Australia that aimed to test causality between workplace design and organisational trust. The motivation behind the research was to identify what aspects, if any, of workplace design could influence the level of trust between employees and the organisation for which they work. Organisational trust literature suggests that low levels of trust increase transaction costs, persuade employees to work towards individual goals rather than collective ones and dismiss organisational authority. These are serious concerns for business leaders. The global financial crisis along with corporate misbehaviour have exacerbated the issue, bringing organisational trust to the forefront of many business leaders’ agendas. This study suggests causality between workplace design and organisational trust cannot be claimed. Nevertheless, the enquiring process produced important insights that increase an understanding of how the physical environment impacts trust and the role that workplace design plays in it. Results are discussed within the context of (1) space and time flexibility; (2) quality and size of space as a hierarchical currency; and (3) leadership.
      Content Type Journal Article
      Category Papers
      Pages 334-348

      Authors
      Agustin Chevez
      Laurie Aznavoorian
      Alanya Drummond
      Journal Corporate Real Estate Journal

      Online ISSN 2043-9148
      Journal Volume Volume 3
      Journal Issue Volume 3, Number 4 / Summer 2014
      PubDate: Fri, 08 Aug 2014 14:11:45 GMT
       
  • Embracing the nexus of forces for increased performance and cost reduction
    • Abstract: The digital era has ushered in a powerful phenomenon that has blown open the doors of the traditional office building and has taken the workplace with it to anywhere business activities are being carried out. It has bypassed the IT department with their control of hardware and software and quieted the hum of their servers in their huge data centres. It has perplexed the HR department who face a new workforce which is used to blurring the lines between their work and private lives making traditional policies and procedures no longer relevant. Now the digital era has ushered in the Nexus of Forces (the convergence of mobility, cloud computing, big data/analytics, social media and the Internet of Everything) is changing the world of corporate real estate (CRE) and facility management (FM) like nothing has before.This article introduces the Nexus of Forces (NOF) phenomenon and explain why it presents one of the biggest opportunities for our profession to embrace these new technologies and truly lead the development of one of the most exciting aspects of the business world today. This is the redefinition of the planning, design, management and utilization of the workplace. New roles are being added to CRE/FM staffs and new skill sets are required for the maximum performance of these professionals. Therefore, new courses must be added to all layers of our education system from grade schools through graduate programs to enable this to become as powerful force as it can be, as predicted in this article.
      Content Type Journal Article
      Category Papers
      Pages 307-321

      Authors
      Nancy Johnson Sanquist
      Journal Corporate Real Estate Journal

      Online ISSN 2043-9148
      Journal Volume Volume 3
      Journal Issue Volume 3, Number 4 / Summer 2014
      PubDate: Fri, 08 Aug 2014 14:11:45 GMT
       
  • Change: The new constant
    • Abstract: Change: The new constant
      Content Type Journal Article
      Category Editorial
      Pages 275-276

      Authors
      Alan Carswell
      Journal Corporate Real Estate Journal

      Online ISSN 2043-9148
      Journal Volume Volume 3
      Journal Issue Volume 3, Number 4 / Summer 2014
      PubDate: Fri, 08 Aug 2014 14:11:45 GMT
       
  • International manufacturing site selection (Part I): A comprehensive site
           analysis model
    • Abstract: This paper analyses methods used for the evaluation of sites as part of location strategies for corporations. Based on the available methods for site selection, which are pointed out, a comprehensive model for the analysis of manufacturing sites is developed and explained in detail. The internationally applicable model consists of ten phases. The application of common evaluation methods is explored and assessed. This paper is complemented by a separate paper (Part II), which will be published subsequently and will show the application of the methodology and prove its practicability through an international case study. It is the aim of these two papers to seek understanding of the challenges attached to site selection processes and, as a result thereof, achieve substantially improved results from future site selection projects or location strategies.
      Content Type Journal Article
      Category Papers
      Pages 293-306

      Authors
      Thomas Glatte
      Journal Corporate Real Estate Journal

      Online ISSN 2043-9148
      Journal Volume Volume 3
      Journal Issue Volume 3, Number 4 / Summer 2014
      PubDate: Fri, 08 Aug 2014 14:11:45 GMT
       
  • CRE: Are we approaching an inflection point?
    • Abstract: With the virtual world currently revolutionising when, where and how people work, this paper is a call to arms for employers and employees to change the way they think about the workplace. The author wishes for all CRE employees to begin talking about new ways the work ‘place’ can be perceived, and entreats us to think of CRE employees as ‘value deliverers’, as opposed to ‘cost controllers’. The focus must shift towards people rather than place, because the work ‘place’ is now all around us, accessible from anywhere. This is something the CRE industry must take advantage of in order to wring the maximum amount of value from the ever changing world of current big business.
      Content Type Journal Article
      Category Comment
      Pages 277-280

      Authors
      Chris Kane
      Journal Corporate Real Estate Journal

      Online ISSN 2043-9148
      Journal Volume Volume 3
      Journal Issue Volume 3, Number 4 / Summer 2014
      PubDate: Fri, 08 Aug 2014 14:11:45 GMT
       
  • Change management models for workplace transformation
    • Abstract: The purpose of this paper is to demonstrate how corporate real estate (CRE) leaders can ­proactively support strategic change efforts across a range of corporate initiatives, including workplace change. The authors demonstrate the effectiveness of applying deliberate change management ­models — in particular the ‘eight-step process for leading change’ by John Kotter — along with a next-generation model to guide the change process. A staged approach that addresses emotional engagement is shown to be an essential element of the successful implementation of change. This paper combines a literature review, expert knowledge and case study data. To demonstrate the models in action, case studies of change initiatives at Apollo Education Group (Apollo) are examined and further illustrated using six Fortune 100 sized company case studies of CRE high-performance workplace implementation undertaken in 2011 by Corporate Portfolio Analytics. Using both sets of cases underscores the generalisability of the change management models. The findings show how change management processes that proactively incorporate emotional engagement can be effective in CRE initiatives and other corporate change efforts. Supporting or initiating change management programmes is an important new domain of the CRE function because many operational and process changes impact the physical workplace. Engaging the emotional and operational elements of a change management effort is essential for success. This study is one of very few that includes actual case data about CRE change management programmes. In addition, this is the first paper to test Kotter's model in the context of CRE practices.
      Content Type Journal Article
      Category Papers
      Pages 281-292

      Authors
      Alicia Mandel
      Colette Temmink
      Martha O'Mara
      Journal Corporate Real Estate Journal

      Online ISSN 2043-9148
      Journal Volume Volume 3
      Journal Issue Volume 3, Number 4 / Summer 2014
      PubDate: Fri, 08 Aug 2014 14:11:45 GMT
       
  • Advanced workplace strategies: Realigning the office to better support
           today's workers
    • Abstract: As technology continues to improve, real estate strategies are evolving to provide property-related solutions that are adaptable to change. If there is one keyword that is synonymous with advanced workplace strategy (AWS) it is ‘flexibility’. AWS has evolved over the past several years and has impacted the real estate industry in many ways. AWS is changing how architects design space, how organisations leverage their investments and costs, how the workforce ‘goes to work’, and how technology is provisioned and installed. It is important to understand the drivers that are leading corporations and their corporate real estate (CRE) groups to adopt new strat­egies for mobility, design and technology.
      Content Type Journal Article
      Category Papers
      Pages 322-333

      Authors
      Francisco J. Acoba
      Jean Chick
      Burt Rea
      Journal Corporate Real Estate Journal

      Online ISSN 2043-9148
      Journal Volume Volume 3
      Journal Issue Volume 3, Number 4 / Summer 2014
      PubDate: Fri, 08 Aug 2014 14:11:45 GMT
       
  • Strategies for managing the serviced office portfolio
    • Abstract: This paper considers serviced offices and explains why they comprise a mismanaged part of most client portfolios. Serviced offices are often referred to as the ‘blind spot’ in any real estate portfolio for two reasons: they usually are not the biggest part of a portfolio and, consequently, some brokers do not pay much attention to them because the commissions are not high enough. But significant savings and tremendous operational flexibility can be achieved by knowing who best to work with, what negotiation strategies to employ and how to continue to work the market and avoid the auto-renewal death spiral.
      Content Type Journal Article
      Category Papers
      Pages 260-267

      Authors
      Robert Mark Ellis
      Journal Corporate Real Estate Journal

      Online ISSN 2043-9148
      Journal Volume Volume 3
      Journal Issue Volume 3, Number 3 / Spring 2014
      PubDate: Wed, 26 Mar 2014 14:07:43 GMT
       
  • Catalyst for the future: The emergence of mobile corporate real estate
           technologies
    • Abstract: The trend in utilisation of mobile technologies has now reached a point where it is quickly becoming the predominant manner in which business is conducted. A recent survey confirms this, as close to 50 per cent of chief information officers said that mobile technologies and business intelligence were their top priorities for technology spending this year. Seventy per cent of companies planned to provide smartphones for some employees this year, or had already done so. In addition, almost 60 per cent of companies planned to provide tablets for some employees. Perhaps most telling is the prediction by the Wall Street Journal that, in 2014, business spending on mobile devices will overtake spending on fixed devices. Yet, many corporate real estate (CRE) organisations have yet to fully embrace these capabilities or leverage the potential game-changing impact that these new capabilities are bringing and, to enable them to do so, it would be helpful to understand how the industry has evolved in order to have a better perspective on the potential future state. In addition, having an understanding of current capabilities could allow CRE organisations to make informed decisions on adoption of these new technologies. Finally, appreciating the full capabilities that these solutions offer, including the impact on business intelligence, will ensure that CRE organisations maximise the value proposition for their services and their customers.
      Content Type Journal Article
      Category Papers
      Pages 184-198

      Authors
      Brian Jordan
      Journal Corporate Real Estate Journal

      Online ISSN 2043-9148
      Journal Volume Volume 3
      Journal Issue Volume 3, Number 3 / Spring 2014
      PubDate: Wed, 26 Mar 2014 14:07:42 GMT
       
  • How good property data can transform a company and drive its competitive
           edge
    • Abstract: This paper discusses how data and their effective utilisation comprise one of the key ingredients in becoming more competitive in the corporate real estate (CRE) arena. In an ideal world, access to useful and meaningful information across a CRE organisation would be just a click away. All the required information would be accessed in real time, from anywhere and at any time. The reality is that many CRE professionals are operating in the dark without having access to the relevant information to support decision making. Although CRE companies are literally inundated with data, many have not been able to extract the maximum value, due to a combination of poor quality data; cumbersome tools used to extract, analyse and transform the data into useful information; and poor integration of data across the organisation. The need to integrate data from a myriad of systems and inputs increases the difficulty rate when implementing a new CRE system. An incremental implementation approach has proven highly successful, allowing CRE companies to ‘digest’ new functionality ‘one bite at a time’. CRE companies that recognise their corporate data comprise a strategic, mission-critical resource are able to extract greater value, and are positioned to take full advantage of data analytics, financial modelling and other leading edge technologies — enabling better and faster decision making. Employees now have a new role to play within the corporation that focuses on analysing and delivering tangible value instead of just collating data. Such CRE companies have a clear competitive advantage over their less data-driven rivals.
      Content Type Journal Article
      Category Papers
      Pages 223-233

      Authors
      Oren Rosen
      Journal Corporate Real Estate Journal

      Online ISSN 2043-9148
      Journal Volume Volume 3
      Journal Issue Volume 3, Number 3 / Spring 2014
      PubDate: Wed, 26 Mar 2014 14:07:42 GMT
       
  • The missing link: Transforming deep retrofits into financial assets
    • Abstract: Deep retrofits — those saving 50 per cent or more energy and achieving superior sustainability performance — are valuable yet largely untapped financial assets. This paper describes how to calculate all the value created by deep retrofits, radically changing the value proposition of deep retrofits, enabling such investments to take their proper role as a central driver of company performance. Many corporations have steadily improved the energy and sustainability performance of their buildings, primarily to minimise operating costs and keep pace with changing codes and standards. Many also have been searching for financially viable approaches to expand sustainability efforts to meet growing customer, employee and investor demand, but have struggled to link deeper energy/sustainability retrofits to attractive financial performance. This paper presents the ‘missing link’: how to calculate and present the value created by deep retrofits of corporate real estate. The deep retrofit value model for corporations consists of nine ‘value elements’ organised around a traditional business valuation framework that starts with an evaluation of retrofit property costs and risks, and then details how a deep retrofit affects business costs, revenues and risks. If implemented broadly, corporations will enhance their competitive position and financial performance while helping to transform global energy use to create a clean, prosperous and secure future.
      Content Type Journal Article
      Category Papers
      Pages 244-259

      Authors
      Scott Muldavin
      Roy Torbert
      Michael Bendewald
      Journal Corporate Real Estate Journal

      Online ISSN 2043-9148
      Journal Volume Volume 3
      Journal Issue Volume 3, Number 3 / Spring 2014
      PubDate: Wed, 26 Mar 2014 14:07:42 GMT
       
  • Proworking: Redefining the workplace and the role of corporate real estate
    • Abstract: The term ‘workplace’ has taken on a new meaning, now referring to work environments both within and outside of a company's portfolio of leased or owned properties. With the proworking concept, a company adopts a holistic approach to its use of real estate and commits to offering multiple options for employees to be at their most productive, in the places that best support achieving business results. Delivering that environment means re-envisioning how and where workers access the space and resources they need. Proworking extends the concept of co-working to the enterprise, with owners of real estate consistently providing professional and well-maintained work environments to mobile professionals.
      Content Type Journal Article
      Category Papers
      Pages 207-216

      Authors
      John Hampton
      Journal Corporate Real Estate Journal

      Online ISSN 2043-9148
      Journal Volume Volume 3
      Journal Issue Volume 3, Number 3 / Spring 2014
      PubDate: Wed, 26 Mar 2014 14:07:42 GMT
       
  • Real estate: Cost centre or profit enhancer?
    • Abstract: In a world of volatile economics, the demand for improved profitability is on the rise. It is this trend that has led to the development of new thinking that challenges the traditional approach to the provision of workplace optimisation. This trend has been identified from the perspectives of management consultancy and workplace design and gives rise to an alternative paradigm to the current cost-driven model. The alternative model is reliant upon greater engagement from all areas of an organisation and a refocusing of the role of real estate and facilities management departments to deliver a more holistic view of the options open to a business facing change. This refocus provides options that not only deal with potential cost-savings but also increase bottom-line performance through greater efficiency and productivity. Armed with these options, senior management can make informed decisions regarding which changes will offer the most benefit to their particular organisation and operations. This paper hopefully will encourage wider consideration of how real estate is both used and valued and what it can contribute rather than being consistently perceived as a cost centre.
      Content Type Journal Article
      Category Papers
      Pages 234-243

      Authors
      Steve Wright
      Journal Corporate Real Estate Journal

      Online ISSN 2043-9148
      Journal Volume Volume 3
      Journal Issue Volume 3, Number 3 / Spring 2014
      PubDate: Wed, 26 Mar 2014 14:07:42 GMT
       
  • The end of corporate real estate
    • Abstract: The end of corporate real estate
      Content Type Journal Article
      Category Editorial
      Pages 180-183

      Authors
      Glen Wong
      Journal Corporate Real Estate Journal

      Online ISSN 2043-9148
      Journal Volume Volume 3
      Journal Issue Volume 3, Number 3 / Spring 2014
      PubDate: Wed, 26 Mar 2014 14:07:41 GMT
       
  • Best practices in implementing a CMMS
    • Abstract: With so many needs and limited budgets, how does one make the most out of a computerised maintenance management system (CMMS) implementation? From the initial request for quote (RFQ) to a fully functional system it can be a long road full of key decision points. How the procurement process and implementation of CMMS are managed is crucial to the success of the project. In this paper, the City of Kansas City, Missouri shares its experience in its journey to procure and implement a CMMS platform, providing lessons in best practices in CMMS implementation and how technology can meet an organisation's needs both today and tomorrow.
      Content Type Journal Article
      Category Papers
      Pages 217-222

      Authors
      Robert Rives
      Journal Corporate Real Estate Journal

      Online ISSN 2043-9148
      Journal Volume Volume 3
      Journal Issue Volume 3, Number 3 / Spring 2014
      PubDate: Wed, 26 Mar 2014 14:07:41 GMT
       
  • Repatriation of manufacturing to Europe still the exception for many
           
    • Abstract: With recent announcements by Apple, GE and Ford stating their plans to bring some or all of their manufacturing back home, Colliers International and the Manufacturing & Industrial Community of CoreNet Global's UK Chapter set out to explore whether this is the start of a new trend which could start to happen in Europe. The findings were presented at the 2013 CoreNet Global EMEA summit in Amsterdam, specifically addressing the re-shoring or repatriation of offshore manufacturing back to companies’ home countries or regions.
      Content Type Journal Article
      Category Papers
      Pages 199-206

      Authors
      Guy Douetil
      Journal Corporate Real Estate Journal

      Online ISSN 2043-9148
      Journal Volume Volume 3
      Journal Issue Volume 3, Number 3 / Spring 2014
      PubDate: Wed, 26 Mar 2014 14:07:41 GMT
       
  • The value of building information modelling for corporate real estate
    • Abstract: Building information modelling (BIM) is an evolutionary innovation that has taken the architecture, engineering and construction (AEC) industry by storm, with BIM being adopted fast by companies within it. But the benefits and potential of the new BIM process need to be realised by professionals outside the AEC industry and, more importantly, implemented by the C-suite members of organisations. This is essential for huge savings to be made on new or existing assets, mostly in operations, achieved by improving their functionality, operational efficiency and effectiveness. This paper first attempts to explain BIM and discuss its main benefits for clients while also developing BIM for use with facilities management (FM). With FM explained, the sub-categories within FM that can be easily linked to the BIM process are highlighted along with conceptual ideas, thinking needed from the client and important data drops for successful FM.
      Content Type Journal Article
      Category Papers
      Pages 164-173

      Authors
      Jamie Michael Cook
      Journal Corporate Real Estate Journal

      Online ISSN 2043-9148
      Journal Volume Volume 3
      Journal Issue Volume 3, Number 2 / Winter 2014
      PubDate: Tue, 25 Feb 2014 14:12:55 GMT
       
  • Corporate users benefit through proactive lease administration
    • Abstract: Until recently, lease administration and audit services were a reactionary effort to combat cost reductions as poor lease language played the culprit in leaving millions of dollars on the table for space users. When lease administration and audit teams take a proactive approach to examining lease language in the early stages of drafting (tackling areas such as tenant improvements, taxes, expenses and auditing), opportunities are created for a negotiation process that ultimately evolves into more favourable terms for the tenant. Simply put, without intelligent, proactive and comprehensive lease administration and audit programmes, tenants will continue to blindly fall victim to landlords and miss out on the inevitable savings that go along with them.
      Content Type Journal Article
      Category Papers
      Pages 157-163

      Authors
      Albert Stabile
      Journal Corporate Real Estate Journal

      Online ISSN 2043-9148
      Journal Volume Volume 3
      Journal Issue Volume 3, Number 2 / Winter 2014
      PubDate: Tue, 25 Feb 2014 14:12:55 GMT
       
  • Sustainable facility management strategies
    • Abstract: The facility management (FM) industry is the foremost contributor to a high-performance, productive and sustainable built environment through strategic and innovative management of facility services. When practised effectively and strategically, FM can be a major efficiency driver, supporting business requirements, ensuring regulatory compliance and achieving corporate social responsibility and environmental stewardship goals. Doing so, however, requires well-qualified FM professionals to influence decisions and implement sustainability strategies to yield cost-savings, lower environmental impacts and provide comfortable, safe, healthy and productive workplaces.
      Content Type Journal Article
      Category Papers
      Pages 101-110

      Authors
      Marina Badoian-Kriticos
      Christopher P. Hodges
      Journal Corporate Real Estate Journal

      Online ISSN 2043-9148
      Journal Volume Volume 3
      Journal Issue Volume 3, Number 2 / Winter 2014
      PubDate: Tue, 25 Feb 2014 14:12:53 GMT
       
 
 
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