Real Estate and Financial - News
IREM develops Best Practices
CHICAGO – The Institute of Real Estate Management (IREM®) has developed a set of best practices and published them in a document entitled Best Practices: Real Estate Management Services.
The best practices explicitly are not identified as standards but rather are offered as suggestions that articulate proven solutions and recognized guidelines likely to result in greater efficiency, enhanced effectiveness, and ultimately a competitive advantage. They are organized into four categories:
- The management company – 15 best practice statements
- Client relations – 10 best practice statements
- Management of the property – 21 best practice statements
- Tenant/resident relations – 6 best practice statements
For more information, see www.irem.org
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Mindshift wins CoreNet Award
HOLLAND, Mich.—Mindshift, a corporate real estate industry consortium, was awarded CoreNet’s 2009 Global Innovator’s Award.
The buildingSMART alliance at The National Institute for Building Sciences estimates that more than 50 percent of the cost of a building is waste. Mindshift is a consortium of corporate real estate (CRE) interests that are studying how corporate facilities are designed and built. Specifically, the group is examining the existing complicated, opaque and fragmented process to explore methods that do a better job for customers, the environment, the broader economy and CRE companies. By addressing the full life cycle of a project, mindshift seeks business cases for sustainability that result in lower costs, better ROI and higher-quality working environments for clients.
The organizations who have committed resources in support of mindshift are: Haworth, Gensler, Turner Construction, KPMG, AIA, GSA, Metropolis Magazine, Solidus, Luccehesi & Galati, and Kyle V. Day Associates, Walter P Moore, Aardex, and Transwestern. Key individuals include consultant Rex Miller; Dean Strombom of Gensler; Mark Iammarino of Turner Construction; and Dick Haworth and Bill Black of Haworth.
Mindshift began in March of 2007 during an informal dialogue between members of organizations connected by the delivery of commercial real estate. Mindshift is committed to creating new value propositions and delivery models for construction projects based on reform of current relationships, practices and metrics.
Recently, some of mindshift's partners collaborated on The Commercial Real Estate Revolution: Nine Transforming Keys to Lowering Costs, Cutting Waste and Driving Change in a Broken Industry. The book was published in July 2009 and authored by Rex Miller, Dean Strombom, Mark Iammarino and Bill Black.
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FM:Systems joins with Jones Lang LaSalle
RALEIGH, N.C. CHICAGO – FM:Systems, provider of integrated workplace management systems (IWMS) and computer-aided facility management (CAFM) software, has announced its partnership with global real estate services firm Jones Lang LaSalle to provide occupancy planning solutions to corporate real estate departments.
The partnership allows integration of Jones Lang LaSalle’s occupancy planning and space data management services with the products available in FM:Systems’ FM:Interact Workplace Management Suite. The highly customizable solution provides unlimited access to space, occupancy and move management.
For further information, visit www.joneslanglasalle.com
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Vacancies continue to rise
BOSTON – National industrial vacancies continued their ascent in the second quarter of 2009, hitting double digit levels – and the industrial vacancy rate closed out the first half of the year standing at 10.16%, according to the second quarter industrial report from Colliers International, the global real estate services firm.
This quarter-over-quarter rise of 63 basis points marked the sixth consecutive quarterly increase in the national industrial vacancy rate, and a jump of 122 basis points since the beginning of 2009. This latest move in the national vacancy rate takes vacancy levels back to the second quarter of 2004, and just 24 basis points from the cyclical high hit in Q1'04, which was 10.4%.
For more information, see www.colliers.com
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BOMA’s EER goes online
WASHINGTON, D.C. — The Building Owners and Managers Association (BOMA) International released the 2009 Experience Exchange Report (EER), which features a new online format and many user–friendly updates.
The report was developed in collaboration with research firm Kingsley Associates. Previously, the EER was available only in book or CD formats. |
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For more information, see www.boma.org
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Recession hits older workers
LONDON – A survey by TAEN – The Age and Employment Network indicates that some 360,000 people aged 50 plus are now looking for work.
Figures show that the recession has caused a sharp increase in respondents saying they were made redundant - up to 47% from 32% - in the period between October 2008 - May 2009, as compared to those surveyed before the economy started to deteriorate, January - September 2008.
The number of respondents who said they were desperate to get a job rose sharply from 30% to 39% , indicating deepening financial concerns. Also rising since the start of the recession are perceptions of ageist attitudes, with 72% of respondents saying that employers see them as ‘too old’ compared with 63% before the recession. Nearly half (48%) felt they were seen as ‘too experienced’ or ‘over-qualified’ compared with 42% in the previous period.
For more information, see taen.org.uk
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Drug tests on the increase
SEATTLE – If you're looking to land a job in today's economy, you've got a much better chance if you're drug free, suggests a new study by the Institute for Corporate Productivity (i4cp).
The study found that three-quarters of companies polled have a drug screening policy, and almost all of those with a program say that pre-employment screening is the most common type.
For more information, see www.i4cp.com
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