News: Front Section

CoreNet Global elects Varcoe as chairman of the board of directors

According to CoreNet Global, the world's leading professional association of corporate real estate and workplace executives, they have elected Barry Varcoe as chairman of the board of directors for the 7,000 member association. Varcoe will serve a one-year term as chairman, beginning at the close of the CoreNet Global Dallas Summit. Varcoe will succeed Mark Tamburro as CoreNet Global's new chairman. Varcoe is the director of group property for The Royal Bank of Scotland. Lee Utke, MCR, will assume the position of chair-elect. Utke is the director of global corporate real estate for Whirlpool Corp. Steve Stoner of Stoner Consulting Group was appointed treasurer. Tamburro, VP of workplace resources for Nokia, will serve as an officer in the position of immediate past chair. CoreNet Global also announced the newly elected directors and associate directors of the board. The board will now include seven directors from countries outside of North America, and for the first time a member - Erica Chapman - from CoreNet Global's Young Leaders Special Interest Group (SIG). Newly-elected directors are: * David Radcliffe, MCR, VP, real estate and workplace services, Google; * Dino Piccini, BCCR, president, global corporate services, DTZ; * Matt Fanoe, corporate director of real estate and facilities, Coca-Cola Enterprises, Inc.; * Randy Smith, MCR, VP, global real estate, Oracle; and * Tony Shou Fat Wong, MCR, executive director corporate services, Asia, Morgan Stanley. All newly appointed members to the board of directors will serve a term of three years concluding in the spring of 2012. In addition, the board has appointed the following associate directors with a one-year term: * Erica Chapman, director of corporate real estate Americas, Adidas; * Jan-Peter Kastelein, senior researcher, Nyenrode Business University; * Mary Jane Olhasso, director of economic development, city of Ontario, California; * Steve Hargis, MCR, SVP, HOK Advance Strategies; and * A member from the Australia New Zealand Regional Council (to be announced). The new group will join the following who continue as directors: * Bruce Ficke, EVP, client solutions, Cushman & Wakefield; * Karen Ellzey, executive managing director, CB Richard Ellis; * Mark Gorman, MCR, senior managing director, Newmark Knight Frank; * Mark Schleyer, VP, corporate real estate, asset management and transactions, AT&T Services, Inc.; * Rick Bertasi, VP, global real estae and facilities management EMEA, Johnson Controls; * Richard Paver, VP, group real Estate, BP International Ltd.; and * Suzanne Heidelberger, director of Real Estate, Skadden, Arps, Slate, Meagher & Flom LLP. Outgoing board members, whose three-year term ended in April were also recognized: * David Harris, MCR, SVP, Workplace Resources, Sun Microsystems, Inc.; * Ed Noha, managing director, Jones Lang LaSalle; * Renee Leach, director, Global Workplace Program & Americas Region, Hewlett Packard; * Wayne Peacock, EVP, Enterprise Business Operations, USAA; and * Trex Morris, MCR, Americas director, real estate services, Ernst & Young LLP. The MCR is the Masters of Corporate Real Estate professional designation validating a high level of competency in corporate real estate and workplace management. The MCR is conferred by CoreNet Global.
MORE FROM Front Section

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
Columns and Thought Leadership
Five ways to ruin a  Section 1031  Like-Kind Exchange - by Bill Lopriore

Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore

While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
Four tips for a smooth 1031 Exchange - by Bill Lopriore

Four tips for a smooth 1031 Exchange - by Bill Lopriore

Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
Make PR pop by highlighting unique angles - by Stanley Hurwitz

Make PR pop by highlighting unique angles - by Stanley Hurwitz

Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.