Essential Guide to Corporate Real Estate , livre ebook

Corenet Global Inc

Découvre YouScribe en t'inscrivant gratuitement

Je m'inscris

Obtenez un accès à la bibliothèque pour le consulter en ligne
En savoir plus

146 pages

English

Vous pourrez modifier la taille du texte de cet ouvrage

Obtenez un accès à la bibliothèque pour le consulter en ligne
En savoir plus

A propos
Informations
Extrait

Description

The Essential Guide to Corporate Real Estate is a fundamental examination of Corporate Real Estate ("CRE"). As a foundational manual, the guide covers the spectrum of variables shaping the daily decisions of CRE professionals and provides insights and strategies for effective management.

Sujets

Employabilité, métiers et formations

Informations

Publié par	Corenet Global Inc
Date de parution	15 octobre 2015
Nombre de lectures	0
EAN13	9781932935028
Langue	English

Informations légales : prix de location à la page 0,0800€. Cette information est donnée uniquement à titre indicatif conformément à la législation en vigueur.

Extrait

THE ESSENTIAL GUIDE TO
CORPORATE
REAL ESTATE
CoreNet Global, Inc. Atlanta, Georgia 2015
The Essential Guide to Corporate Real Estate is published by CoreNet Global, Inc., and is distributed as a benefit of membership to all members of CoreNet Global. The opinions expressed in this publication are not necessarily those of the association.
Copyright© 2015 by CoreNet Global, Inc. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission of CoreNet Global, Inc.
CoreNet Global 133 Peachtree Street NE, Suite 3000 Atlanta, GA 30303
www.corenetglobal.org
Hardcover: 978-1-932935-004
ePUB: 978-1-932935-02-8
ePDF: 978-1-932935-03-5
Cover design: DiNatale Design, www.dinataledesign.com
Interior Design: Höhne-Werner Design, www.heyneon.com
Table of Contents
Acknowledgements
Foreword
Chapter 1: Corporate Real Estate: What Is It All About?
Chapter 2: Location and Site Selection
Chapter 3: Portfolio Management
Chapter 4: Property Life Cycle
Chapter 5: Real Estate Transactions and Leasing
Chapter 6: Finance
Chapter 7: Organizational Models, Service Delivery, and Outsourcing
Chapter 8: Facility Management
Chapter 9: Performance Management
Chapter 10: Corporate Real Estate Technology
Chapter 11: Project Management
Chapter 12: Sustainability
Chapter 13: Workplace Strategy, Mobility, and Productivity
Chapter 14: Business Continuity
Chapter 15: Internal Partnering
Chapter 16: Enterprise Leadership
Chapter 17: The Future of Corporate Real Estate
Suggested Reading
Index
Acknowledgements
This book is the culmination of an effort by CoreNet Global and its membership to consolidate our joint expertise and describe the principles governing the practice of corporate real estate. Without the effort of the individuals and organizations below, this book could not have been completed. These CoreNet Global members have devoted their time and their passion to this project by reviewing the content of each chapter. Many have even engaged colleagues, and we thank the individuals, their organizations, and everyone from their organizations who gave freely of their time and expertise.
In 2014, CoreNet Global hired professional writers and provided them with primary source material from the Knowledge Center, the Master of Corporate Real Estate (MCR) Program, the Senior Leader of Corporate Real Estate (SLCR) Program, and the Core Fundamentals Program. These writers created initial drafts to be reviewed by subject matter experts drawn from the association’s membership.
Members were invited to submit applications to become one of a limited number of Subject Matter Expert Reviewers. A special task force of the CoreNet Global Board of Directors selected individuals to review each of the book’s 17 topical chapters for overall subject matter accuracy and relevance. The final version of this book was the culmination of the input, insights, and expertise from a diverse mix of practitioners from around the world.
We wish to thank and acknowledge a team of dedicated writers who worked through multiple drafts to create The Essential Guide to Corporate Real Estate : Molly Badgett, Peter Bowerman, Barbara Horwitz-Bennett, Beth Mattson-Teig, Keith Pierce, Sarah Todd, and Mindi Zissman. We also thank the CoreNet Global staff, including most notably Larry Bazrod, Tim Venable, Amy Dreher and John Gilleard, who were instrumental in bringing this complex project to fruition. Name Company Todd Anderson, MCR, SLCR Newmark Grubb Knight Frank Heidi Anderson-Rhodes DTZ Monique Arkesteijn Delft University of Technology Anoma Baste Space Matrix Design Consultants Pte Ltd Kendall Bateman, MCR T-Mobile Thomas Bogle James Breen Johnson & Johnson Tracy Brower, MCR Mars Drinks Michael Casolo, MCR DTZ David Chang HSBC John Coluni Kaplan Michael Daly Time Warner Cable Michael Davidson JPMorgan Chase Helen Desjardins Sun Life Financial Dennis Donovan WDG Consulting Martin Ecknig Siemens Ltd., China Shanghai Branch Robin Ellerthorpe, FAIA Computerized Facility Integration, LLC CFI Kelly Ennis The Verve Partnership Ty Fastovsky Trascent Management Consulting, LLC Iain Franklin EY Mark Gorman, MCR, SLCR Ciena Corporation Joseph Havey, LEED AP E Cube, Inc. Jeff Hayhurst, MCR State Street Corporation Christopher Heywood University of Melbourne Jennifer Hill Chevron USA, Inc. Sophie Hodges Unilever Linda Jansen Lending Club Ronen Journo, MCR Cisco Jamie Kinch Sonos Anthony Korvessis, MCR, SLCR Procter & Gamble Dominic Lampe, MCR Raytheon Susan Lim Hassell Design (Singapore) Pte Ltd Peter Lu, MCR Carlindo Macedo HSBC George McKay Colliers International Trevor Miles IBM Business Consulting Shaundy Muchin T-Mobile Wayne Mullett Public Works and Government Services Canada Danielle Myers Arnald Ng, MCR The Hong Kong Jockey Club Phillip Nye Cushman & Wakefield Kurt Ochalla, SLCR, MCR Philips Tatsuo Oi, MCR Wakayama University Nancy Sanquist Trimble Greg Schementi DTZ Glen Shenkin, MCR JLL Shamsher Sindhu, MCR Kotak Mahindra Bank Ltd Matthew Toner CBRE Evan Tyroler DTZ Peter Van Emburgh, MCR CBRE Helmut Weih, MCR CBRE Karen Whiteknact Liberty Mutual Group Andrea Wolf-Strike, MCR.w Gensler Mike Zamora, MCR, SLCR Asia Real Estate Advisors
Foreword
“I want to be a corporate real estate executive when I grow up.” It is unlikely these words were ever uttered by anyone working in this often overlooked and misunderstood profession that’s been around since the 1960s.
A career in corporate real estate seems to happen to a person. It’s a profession stumbled upon by graduates of all academic disciplines, often years into their working lives. And yet, there are thousands of corporate real estate professionals employed around the world. Doing what exactly?
Ask just about any corporate real estate executive and she’ll tell you that her coworkers, friends, and family still aren’t sure. “Now what is it that you do again?” asks Great Aunt Edna at every family reunion. “Oh, so you’re in commercial real estate? Are you a broker? An investor? Could you help me sell my house?”
That lack of understanding of what corporate real estate is—and what a corporate real estate executive does—led us to create this book.
Designed to be the essential guide for the successful practice of corporate real estate, the pages contained herein were developed with input from leading practitioners and subject matter experts from the CoreNet Global membership base.
This foundational guide was published with multiple audiences in mind:
• Professionals new to corporate real estate roles
• Young leaders growing their skills and understanding of the profession
• Seasoned practitioners deepening their understanding of a specific aspect of their diverse roles
• Colleagues and coworkers in other business units or support functions
• College students exploring a potential career path
• University faculty and academic institutions seeking a resource for introductory corporate real estate content and curriculum development
The guide is divided into 17 chapters, and each highlights the essentials of a key aspect of corporate real estate. Each chapter is introductory in nature and provides only a cursory level of understanding of a complex profession.
This publication defines, acknowledges, and validates a profession that deserves its own guidebook, its own career compass aimed at advancing the practice of corporate real estate.
Angela Cain Chief Executive Officer CoreNet Global
CoreNet Global is the internationally recognized association for corporate real estate professionals. The not-for-profit organization provides professional training and development for almost 10,000 members with strategic responsibility for the real estate portfolios of corporations around the world .
Chapter 1
Corporate Real Estate: What Is It All About?
Summary
This chapter provides an introduction to the corporate real estate profession. It is divided into three sections, with the first section offering a definition and overview of corporate real estate and highlighting how the traditional role of corporate real estate is changing. Section two discusses the structure of corporate real estate within organizations, and section three discusses the corporate real estate profession.
Defining Corporate Real Estate
Corporate real estate is a dynamic profession with a broad scope; it touches a wide range of property types, and many functions and careers fall under its umbrella. So, what is corporate real estate? Simply put, it is the real estate necessary to conduct business—the bricks and mortar of office buildings, manufacturing plants and distribution centers, retail stores, and similar facilities. It can include owned or leased space, buildings, and infrastructure, such as power plants or even airport runways.
Defined more technically, corporate real estate refers to the real properties that house the productive or business activities of an organization that owns or leases and, consequently, manages real estate incidental to its primary business objectives, which are not real estate. Herein lies an important distinction between corporate and commercial real estate. Although these are two closely related sectors and some real estate professionals may cross over between the two, there is a distinct difference in business objectives. In the commercial real estate world, the business is the real estate. The goal for commercial real estate is to provide a risk-adjusted return to the investor; whereas, in corporate real estate, the real estate supports the business function. In other words, corporate real estate represents the demand side or user side of real estate, while commercial real estate focuses on the supply side to meet that need.
To better understand the scope and challenge of corporate real estate an