New Orleans 2010

Business Unusual: A Timely Theme

Thursday, April 22nd, 2010

Michael Jordan
Energy & Sustainability Services

“Business Unusual” and its themes of innovation and resiliency in the face of adversity took on special meaning in the beautiful-but-still-recovering city of New Orleans. We stood shoulder to shoulder with colleagues from around the country but not from around the globe due to the unusual event of Europe air travel disrupted by volcanic ash from Iceland. 

Keynote speaker Peter Sheahan pointed out that company leaders everywhere recognize the need to innovate, and I’m convinced that energy and sustainability offers the single biggest area of innovation. Many Summit sessions on innovation had sustainability baked in, such as the energy efficiency collaboration between Citi and the Clinton Climate Initiative, a discussion of to green your leases, and even leading-edge topics such as using biomimicry to inspire city development projects.

The most enlightening session was Simon Sinek’s “Start with Why” presentation, the gist of which was that clients and employees stay loyal to you when they connect with your “why,” as in, why you do business, why you exist.  A sincere focus on sustainability can be a powerful “why”.

CRE has focused its sustainability efforts mainly on energy efficiency and other operational innovations, but at Jones Lang LaSalle we see additional opportunities for innovation in areas like finance (including  PACE and other new ways to fund energy retrofits), culture/brand (such as  new involving employees in green teams and personal sustainability), and infrastructure (via  sophisticated tools for energy and carbon management).

 Reduce, Reuse, Reinvent. Happy Earth Day.

Michael

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Finding the geography of opportunity

Tuesday, April 20th, 2010

Wayne Gearey
Global Location Solutions

Yesterday’s keynote speaker, Peter Sheahan, made some very timely points as to how the strategic advantage can be gained. To sum it up, his message was a “right here right now” approach. He suggests that place matters to all of us and that the strategic advantage come with identifying the right place or places for our business right now.

This made me think about Paul Krugman, the Nobel Laureate in Economics, and his thoughts on the importance of the new economic geography. The issue of strategic thinking centered on place is largely ignored by companies. The key is tapping into the right tools, people and data to choose the right place that is a geography of opportunity. This may be considered an innovation by some; for us, it has moved beyond innovation to become a best practice.

Wayne

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Making a point with social networking

Tuesday, April 20th, 2010

Leslie Gall
Corporate Solutions

Jones Lang LaSalle’s Social Networking Point at the Summit has been a tremendous success.  The Point provided Summit attendees with a hands-on opportunity to experience and participate in social media. 

Hundreds of friends of the firm, clients and business partners joined the conversation.  Thanks to everyone who stopped by, especially all the CRE executives who provided testimonials and other comments for our video. Another important visitor who expressed appreciation for the Point was Angela Cain, CoreNet’s new CEO—we’re all looking forward to working with her as she guides our industry’s leading organization through this exciting time.  And congratulations to Sanjiv Awasthi of Pfizer and Lana Gosnell of Union Bank, the winners of our iPad giveaway!

The conversation doesn’t end with the Summit.  Stay connected with Jones Lang LaSalle by following us on Twitter and registering for our blog alerts.

Special thanks to all the wonderful professionals at CoreNet Global who support our partnership and helped us launch the Social Networking Point, especially Anne Hardy, Logan Becket, Amanda Brooks, Richard Kadzis and Tim Venable. Also thanks to National Real Estate Investor, which helped extend our reach by connecting it to their online news site.

Leslie

Lana Gosnell, winner of an iPad, with Stuart Hicks (L) and Doug Sharp (R)

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Lease Accounting – It’s Not Just Real Estate

Tuesday, April 20th, 2010

Vivian Mumaw
Product Innovation and Lease Administration

I agree with Mindy’s observations from the lease accounting session yesterday and want to offer some additional food for thought. 

As Mindy has pointed out many times, the FASB accounting rule changes do not affect only real estate leases, but also leases on vehicles and equipment. This may be irrelevant to some CRE organizations, but to many of our clients, it’s very significant. Depending on the industry sector they’re in and the way their firms are organized, CRE directors may be responsible for leases on fleet vehicles, copiers and other office machines, or industrial space equipment such as forklifts.

As Jones Lang LaSalle has been leading the discussion on the lease accounting rule change in real estate, some of our clients are coming to us for help in dealing with their equipment leases as well as their real estate leases. We can certainly accommodate them, and there are some efficiencies to centralizing response to the rule change in one place.

Vivian

 

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The bottom line on social media and CRE

Tuesday, April 20th, 2010

Bryan Jacobs
Corporate Solutions

Clearly, CRE professionals are still learning how social media tools will alter the workplace. Much of the discussion at CoreNet has been around how to use tools like Twitter, LinkedIn and Facebook in a corporate environment to network and market. The more important topic that corporate real estate professionals still need to address however is how using these tools which provide interpersonal connectivity and 360 feedback, can positively change how Corporate Real Estate and the workplace is managed. Here are just a few examples.

  1. The ability to collaborate across large distances, share ideas faster and engage in feedback will make workers more productive. This shift will change how work is done and ultimately improve how some real estate is used and designed.  
  2. The marketplace will become more transparent. Tenants will be able to provide direct feedback about buildings, find information about the availability and quality of space and even research the reputation and skills of individual service providers.
  3. Occupants can give more direct feedback faster which allows corporate managers to obtain real time knowledge of satisfaction levels and naturally facilitates more direct communication about services.

The bottom line is this, companies that learn to use social media tools to add business value will succeed as the economic recovery continues.

Bryan

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