News
AT THE CORE
May 4, 2011
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| CoreNet's Global Summit took over Navy Pier this week, and the words on everyone's lips were technology and efficiency. JLL's Kenneth Rudy released a global survey which showed 79% of end users have already implemented or are in some stage of implementing a mobility program. This will eventually lead to fewer office workers occupying space and reduce office growth over the coming years. | |
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| Upskilling, or bringing in talented multi-taskers, will help CRE decision-makers reach their goals, says CoreNet's Richard Kadzis who appears to have been rather thirsty. In the near future, corporations will be looking to balance people, place, and technology to reduce real estate costs and space. The 18% increase in corporate profits over the past year will be spent equally among those three factors, he says. | |
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| On a bigger scale, McCaffery's Natutsa Mabwa talked about how to reuse space in the Grave to Cradle panel on Monday. Natutsa is working on a 369-acre redevelopment of the US Steel site on the South Shore between 79th and the Calumet River. She's learned from the mistakes of other master-planned reuses like Atlantic Station in Atlanta, which originally failed because retail tenants didn't match the neighborhood that developed in the area. In the first phase of the project, they'll carefully lease 17.5M SF of retail and 13,575 residential units using $98M of TIF funding on the remediated site. And what better way to draw attention to a new development than a Dave Matthews Band concert? Call McCaffery to get on the list (but you'll be behind us!). | |
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| Our friends at Leopardo hosted an after-party at Vertigo, attracting more than 250 from the real estate and planning communities. We snapped University of Chicago's Roslyn Johnson and Leopardo's Jim Leopardo and Carey Lewis; also on hand: performers Jim Peterik (Survivor, Ides of March) and Alex Ligertwood (Santana). Leopardo's house band, Liquidated Damages, is performing Thursday at the House of Blues. They're also building a statue of cans for CANstruction at the Mart next week. |
