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I read with great interest yesterday the results of the survey on Corporate Real Estate Benchmarking Techniques that was commissioned by CoreNet Global and DTZ Research. There is one particular figure that really resonated with me. According to the survey, 98% of the 200 real estate practitioners that participated in the survey, find benchmarking data to be very valuable, valuable or somewhat valuable. Only 2% of respondents felt that it had no value at all. [more]

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It's early June in Italy.

 

Surveying the infinity view from a rock ledge over the Mediterranean, I see a panorama of opportunities that might have been, or still could be.

 

I'm standing on Punta Caruso, at the Northwest tip of Ischia. [more]

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On Tuesday, 6/29/2010, CNG held a Working Session regarding FAS 13/IAS 17 Lease Accounting under the sponsorship of the CoreNet Global - Strategy and Portfolio Planning Community, the Value Creation / Optimizing Capital Taskforce

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On Monday at what seemed to be one of the more popular breakout sessions: “FASB Lease Accounting Changes and the Bottom Line: What Corporate Real Estate Needs to Know” Kenneth Rudy, Managing Director, Corporate Solutions, Jones Lang LaSalle moderated a panel of experts including Mindy Berman, Managing Director, Jones Lang LaSalle, Brad Homant, FASB Practice Fellow and Erik Lange, Partner - Transactions & Restructuring - Transaction Accounting Services, KPMG LLP. [more]
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These are the main values of CoreNet Global to me. I benefit from relevant, high quality CRE-related education.  This has a very practical benefit by allowing me to earn required professional or continuing education units for professional accreditiation. Finally, I benefit from the experiences and skills of the CRE professional community through building relationships. [more]

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How are CRE professionals addressing the need for industry change at a time when businesses need to remodel and the ability to readapt is more critical than ever?

I've been asking a lot of industry professionals about the need to remodel ourselves, starting with brokers. Some of them are 'jumping the curve' in a remodeling sense by blending strategic services with brokerage. Some are even embracing compensation based on returns against long-term value, not just commissions.
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