CoreNet Global

Number of Employers Planning to Lease More Space is Growing Robustly

Retrieved on: 
Tuesday, December 5, 2023

SOLON, Ohio, Dec. 5, 2023 /PRNewswire/ -- There is some positive news, at last, about office leasing: A recent survey from MRI Software and CoreNet Global reveals that a growing number of organizations plan to lease more space in the coming months. 

Key Points: 
  • This year, 42% of respondents reported that they plan to lease more space, compared to less than 10% in December 2022, 11% in August of 2021, and 9% in March of 2021.
  • "Many organizations are discovering that creative use of space and appealing work environments can be employee perks," says Brian Zrimsek, Industry Principal at MRI Software.
  • In some cases, employees have little choice about where and when they work: The survey shows that many employers are formalizing their policies for work arrangements.
  • "Commercial landlords and leasing agents can take comfort in the anticipated expansions of space.

Mohr Partners Adds Lynn Drake as Managing Partner in Detroit

Retrieved on: 
Tuesday, September 19, 2023

DALLAS, Sept. 19, 2023 /PRNewswire/ -- Mohr Partners, Inc., a top-three global corporate real estate advisory & outsourcing services firm, is pleased to announce that Lynn Drake has joined the firm as Managing Partner to lead its Detroit office.

Key Points: 
  • DALLAS, Sept. 19, 2023 /PRNewswire/ -- Mohr Partners, Inc., a top-three global corporate real estate advisory & outsourcing services firm, is pleased to announce that Lynn Drake has joined the firm as Managing Partner to lead its Detroit office.
  • "I'm honored to join the Mohr Partners team in Detroit," Drake said.
  • Prior to joining Mohr Partners, Drake served as the founder of Compass Commercial, which she led since 2010.
  • "We're delighted to welcome Lynn as our new market leader in Detroit," Mohr Partners Chairman & CEO Robert Shibuya said.

Corporate Headquarters Are Being Redesigned and Reimagined, but Not Disappearing

Retrieved on: 
Monday, July 24, 2023

ATLANTA, July 24, 2023 /PRNewswire/ -- More than a third of companies polled by CoreNet Global, the premier association for corporate real estate professionals, say that employees are required to be in the office three days a week, but more than 50 percent also say that there is a gap between the number of days employees are required to be in the office and the number of days they are actually there.

Key Points: 
  • "We are indeed seeing companies that wish to implement post-pandemic, return to office mandates, but employees are pushing back.
  • Overall companies are still committed to having a corporate headquarters with more than 90 percent saying that they have not abandoned the headquarters in favor of remote work.
  • Nearly half have redesigned the headquarters with features that include fewer individual workstations, air filtration, modifications to snack areas, touchless devices, and desk hoteling/unassigned spaces.
  • More than half, 55.4 percent say that their corporate real estate footprint is smaller than it was two years ago.

Woolpert Welcomes Accomplished Client Manager and Strategist Donna Becco Schroeder to Lead Public Market

Retrieved on: 
Tuesday, June 13, 2023

CHICAGO, June 13, 2023 /PRNewswire-PRWeb/ -- Woolpert has hired Public Market Director Donna Becco Schroeder to lead strategy and client development for public sector architecture and engineering clients, nationally and globally. Schroeder's national and international design and project management experience has equipped her with technical expertise, relationship management delivery skills, and business and financial acumen specific to the built environment.

Key Points: 
  • CHICAGO, June 13, 2023 /PRNewswire-PRWeb/ -- Woolpert has hired Public Market Director Donna Becco Schroeder to lead strategy and client development for public sector architecture and engineering clients, nationally and globally.
  • Over her career, Schroeder has led client account teams for on-site planning and interior projects, as well as new ground-up and facility upgrade construction.
  • More recently, Schroeder served as principal account manager for a national commercial and industrial practice, where she led multiple national account teams supporting key Fortune 500 accounts.
  • Woolpert Buildings Sector Leader Suzette Stoler welcomed Schroeder's unique project experience and innovative approach to client services.

Mohr Partners Promotes Misti Meggs to Chief Commercial Officer

Retrieved on: 
Tuesday, March 14, 2023

DALLAS, March 14, 2023 /PRNewswire/ -- Mohr Partners, Inc., the world's largest wholly-owned corporate real estate advisory firm exclusively focused on representing occupiers, has promoted long-time company veteran Misti Meggs to the newly created role of Chief Commercial Officer.

Key Points: 
  • DALLAS, March 14, 2023 /PRNewswire/ -- Mohr Partners, Inc., the world's largest wholly-owned corporate real estate advisory firm exclusively focused on representing occupiers, has promoted long-time company veteran Misti Meggs to the newly created role of Chief Commercial Officer.
  • She also will support business development efforts by working closely with Mohr Partners' brokers, service-line professionals, third-party strategic partners and shareholders.
  • "During her 16 years with Mohr Partners, Misti has built our best-in-class research, site-selection and consulting services platforms," Mohr Partners Chairman & CEO Robert Shibuya said.
  • Meggs joined Mohr Partners in 2007 working in business development before steadily rising to her most recent position of Managing Partner, Strategy & Growth.

CORPORATE REAL ESTATE SALARIES INCREASE

Retrieved on: 
Thursday, February 9, 2023

ATLANTA, Feb. 9, 2023 /PRNewswire/ -- Salaries for corporate real estate professionals increased by an average of 6 percent from 2021 to 2022, according to a new survey released by CoreNet Global and Ferguson Partners.

Key Points: 
  • ATLANTA, Feb. 9, 2023 /PRNewswire/ -- Salaries for corporate real estate professionals increased by an average of 6 percent from 2021 to 2022, according to a new survey released by CoreNet Global and Ferguson Partners.
  • Eighty-six (86%) of participants received an increase in their base salary between 2021 and 2022.
  • According to the survey report, sixty-one percent (61%) of participants received an increase in their annual incentive (cash bonus) award payout in 2021 (when compared to 2020), with a median increase of 15%.
  • Of those expecting increases, the median projected increase amount (7%) is half of what was reported for 2021.

Pacific Program Management Promotes Sandra Yencho to Vice President, East Region

Retrieved on: 
Friday, January 20, 2023

SEATTLE, Jan. 20, 2023 /PRNewswire/ -- Today, Pacific Program Management (PPM) announced the promotion of Sandra Yencho to Vice President, East Region, leading the company's business strategy and client relationships for the region.

Key Points: 
  • SEATTLE, Jan. 20, 2023 /PRNewswire/ -- Today, Pacific Program Management (PPM) announced the promotion of Sandra Yencho to Vice President, East Region, leading the company's business strategy and client relationships for the region.
  • Since joining PPM in 2018, Yencho has led growth in the Eastern U.S. for one of the firm's prominent technology clients, seeding 15 new cities across the U.S. for PPM.
  • Prior to joining PPM, Yencho was with Mace North America, where she led project management teams and workplace effectiveness consulting.
  • She is completing her CoreNet Master of Corporate Real Estate (MCR) and is committed to advancing mentorship opportunities within the CRE profession.

Corporate Real Estate Professionals Say That Hybrid Work Will Shrink Office Space Requirements But Lead to Better Work/Life Balance For Workers

Retrieved on: 
Thursday, December 15, 2022

ATLANTA, Dec. 15, 2022 /PRNewswire/ -- Hybrid work will lessen the space requirements for many corporate real estate users of traditional office space, according to a survey of more than 500 corporate real estate professionals conducted by Colliers online and at the CoreNet Global Summit in Chicago.

Key Points: 
  • ATLANTA, Dec. 15, 2022 /PRNewswire/ -- Hybrid work will lessen the space requirements for many corporate real estate users of traditional office space, according to a survey of more than 500 corporate real estate professionals conducted by Colliers online and at the CoreNet Global Summit in Chicago.
  • Survey respondents say that better work/life balance for employees is a key advantage to the corporation that implements a hybrid work strategy.
  • Respondents also redefined success in terms of space utilization rates as workers divide their time between remote locations and the office.
  • With operations in 63countries, our 18,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients.

Inflation Affecting Corporate Real Estate Decisions

Retrieved on: 
Friday, September 9, 2022

ATLANTA, Sept. 8, 2022 /PRNewswire/ -- A new survey conducted by CoreNet Global, the premier association for corporate real estate professionals, has found that the high inflationary environment is having an impact on corporate real estate decision making.

Key Points: 
  • ATLANTA, Sept. 8, 2022 /PRNewswire/ -- A new survey conducted by CoreNet Global, the premier association for corporate real estate professionals, has found that the high inflationary environment is having an impact on corporate real estate decision making.
  • According to the survey, 62 percent say that the current rate of inflation is having an impact on real estate decisions.
  • Forty-four percent say that compared to prior to the pandemic their overall corporate real estate footprint has decreased; 21 percent say that it has increased, and 34 percent say that it has stayed the same.
  • Between now and 2025, 39 percent expect an increase in the size of their corporate real estate portfolio, 42 percent expect a decrease, and 19 percent say that it will stay the same.

Upflex Announces Addition of Workplace Experience Leader Michael Casolo as CRO

Retrieved on: 
Friday, July 22, 2022

I am extremely pleased to welcome Michael to our team, said Christophe Garnier , CEO and Co-Founder of Upflex.

Key Points: 
  • I am extremely pleased to welcome Michael to our team, said Christophe Garnier , CEO and Co-Founder of Upflex.
  • Michael has the deep experience and expertise to empower us to achieve this, and his role here will be invaluable.
  • Casolo joins Upflex with over three decades of experience leading, managing, and growing successful sales teams.
  • Prior to Unispace, Casolo acted as the Head of Workplace Environments for Bridgewater Associates, delivering workplace, design and facilities management.