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November 17, 2009 - Vol. 8, No. 35 |
Colorado Springs Professional Forum Updates
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- Only 14 days remain on the Super-Early Bird registration discount, which is available through Nov. 30. Register online.
- Register now for IAMC's Spring 2010 Professional Forum in Colorado Springs, entitled "Positioning for Growth: Value Demonstration in Challenging Times," which happens April 24 - 28, 2010. The Super-Early Bird registration discount is available through Nov. 30. Register online.
- The Broadmoor is the headquarters for the Spring 2010 Forum. For room reservations, call 1-800-634-7711 and request the "IAMC room block." To register online, click here and enter "IAMC10" in the password box.
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Research Proposes 'Vertical Phasing' as CREM Strategy
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David Geltner of MIT, one of the co-authors of the report "Vertical Phasing as a Corporate Real Estate Strategy and Development Option"
Source: web.mit.edu/cre | University research parks and corporate campuses are routinely developed in phases to match space availability to a company's needs. This is horizontal phasing. But research conducted by representatives of the U.S. Green Building Council, Sony Corp. and the Massachusetts Institute of Technology indicates that designing and constructing buildings to accommodate future vertical expansions (vertical phasing) could be good for companies. In "Vertical Phasing as a Corporate Real Estate Strategy and Development Option," the researchers write, "Vertical expansion appears to have significant organizational and logistical advantages for corporate developers, such as the ability to keep staff in one building, and the elimination of the need to relocate with its resulting inconvenience and potential to lose employees. Further, the financial analysis indicates that the option to expand vertically is a reasonable way for corporate developers to access convenient expansion space, while limiting their downside risk. Commercial developers on the other hand may find that the ability to scale back designs in the case of market downturns is particularly valuable. The case studies also confirm by example that the vertical expansion of buildings is technically possible. Although the process of erecting a major new building on top of a fully occupied building is clearly complex, it is not extraordinary difficult so long as the possibility of vertical expansion is built into the original design."
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Participate in IAMC's Online Business Networking
Stay "linked in" year-round with fellow IAMC members through IAMC's LinkedIn online business networking group, which is open exclusively to members. Once you join, you can post discussion items for group input and share your knowledge by answering others' questions. If you're not periodically checking IAMC's discussion group, you're missing some great CREM Q&A. These Corporate Active members recently joined the IAMC LinkedIn Group:
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Marcelo Ariola of Corrections Corporation of America and Lisa Speltz of Nestle Waters N.A. |
To jump to the LinkedIn logon screen, click here. Once logged on, go to the top of the left-hand column and click on "groups." For more information on LinkedIn or the IAMC Group on LinkedIn, click here. |
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Find a Real Estate Job; Post an Opening; Post a Resume
 Go to the IAMC Career Center to read about dozens of corporate real estate, economic development and real estate service provider jobs. Here's an example: Senior Project Manager for Independent Energy Solutions (IES). The job description says "you will be responsible for planning, executing, and completing projects according to strict deadlines and within budget. You will actively manage resources and coordinate the efforts of team members and subcontractors in order to deliver projects according to plan. As IES senior project manager, you will be the primary point-of-contact between IES and our clients from contract signature to project completion." |
Short Subjects
Site Selection Publishes 2009 Business Climate Rankings
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A view across Hechenbleikner Lake on the campus of UNC-Charlotte
photo courtesy of UNC-Charlotte |
- As the economy drifts from recession to recovery, some states will enjoy advantages for attracting new companies and jobs. Site Selection magazine's annual state business climate ranking for 2009 finds that North Carolina has the most going for it with respect to business attraction. The publication's story about its 2009 rankings asks, "How has North Carolina managed to rank No. 1 in Site Selection's annual business climate rankings eight times in the past nine years? It may have something to do with its infrastructure of higher learning. 'When I worked for the state department of commerce in the late nineties, I could count on one hand the number of projects in a five-year period that had serious conversations with our university system,' says Leslie Boney, now associate vice president for economic development research, policy and planning for the University of North Carolina's 16-campus system. 'Now it's hard to find a project that does not involve a conversation with our university system.'"
Shuttered Colorado Springs Intel Plant Set for Redevelopment
- As companies adjusted operations down to match demand during the recession, they vacated millions of square feet of manufacturing, warehouse and office space. But now there are small indications local economies may begin to absorb and put this space back to work. For example, the Denver Post reports,"A Los Angeles company that specializes in redeveloping corporate real estate has bought Intel Corp.'s now-closed Colorado Springs computer-chip manufacturing plant and put it on the market for sale or lease, a broker who is marketing the property said Friday. Industrial Realty Group, which buys distressed corporate real estate and converts the properties for lease to multiple tenants, bought the 1.4-million-square-foot plant at 1575 Garden of the Gods Road for an undisclosed price, said Michael Palmer of Grubb & Ellis/Quantum Commercial Group in the Springs." "... Industrial Realty Group is in preliminary lease negotiations with two potential tenants."
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