Does GE’s Decision To Downsize Its Boston Headquarters Raise Questions About Economic Development Incentives?
GE announced that it would downsize its Boston headquarters to 250 employees from a previously projected 800. The company will also return $87.4 million to the state in economic development incentives.Read more
London Still Hot for Corporate Real Estate Investors
Although how and when (and if…) Brexit takes place, London is still hot for corporate real estate investors, according to Insight.Read more
Amazon and New York Break Up
Dear Amazon, New York City said, it’s not you – well, actually it is you. And today – Valentine’s Day no less, Amazon said ok, I get it.Read more
Atlanta to Lose Prominent Corporate HQs, But Tomorrow Is Another Day
Atlanta’s SunTrust Banks will merge with Winston Salem’s BB&T to create the nation’s sixth-largest bank, which will be based in Charlotte. And, First Data, an Atlanta-based payments processing company, will be acquired by Wisconsin-based Fiserv, with the resulting company to be based near Milwaukee.
That’s a loss of two Fortune 500 headquarters for Atlanta.Read more
Amazon’s HQ2: Not So Fast?
After all the hoopla, some of the people affected by Amazon’s decision to locate a second North American headquarters – split between Northern Virginia and New York City – are not so thrilled.
According to CNN, “on Monday, New York State Senator Michael Gianaris of Queens, who is a vocal critic of HQ2, was recommended to serve on the Public Authorities Control Board, according to a letter obtained by CNN Business.”
“The relatively unknown board weighs in on any financing and land use deals that run through public authorities, which primarily include economic development projects. It’s had some success in the past blocking major projects. In 2005, the board rejected a plan by then Mayor Michael Bloomberg to build a football stadium in Manhattan.”
Monday Morning Quarterbacking: What’s Next For Atlanta? Google It.
Following its impressive handling of the SuperBowl this weekend, Atlanta is set to welcome a sizable expansion for one of the city’s corporate tenants.Read more
The Essential Workplace
Guest Blog post by Neal Usher, Executive Consultant, workessence
Neil Usher has been thinking, talking, listening, sharing ideas, and writing about the workplace. He’s authored a book, The Essential Workplace, and will be speaking at the upcoming CoreNet Global Global Summit in Hong Kong. His thoughts in this blog are focused on seven ideas that he calls the ‘laws of workplace’.
First, every workplace exists in a state of perpetual beta. A workplace is never finished. We may see spikes in expenditure and project activity, we may perform a fit-out or renovation, but they are merely events on the journey. If we ignore our workplace, if we allow our organisation and colleagues to grow and change around us, this is not sustainable, merely a delay in responding.
A New Angle On The Workplace: Is It Ethical?
As pointed out in CoreNet Global’s FutureForward 2025, corporate real estate executives will be increasingly focused on the experience of the employees for whom the real estate and workplaces are being managed.
And here’s a new issue to consider: the ethics of the workplace, according to a new article in Forbes written by leadership coach Janine Schindler.Read more
Appliance Maker Dyson Moves HQ to Singapore
British luxury home appliance maker Dyson said there was a simple reason behind its recent decision to move to Singapore: the “increasing importance of Asia” for its business, according to a recent article in Nikkei Asian Review.Read more
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Associations Now Features FutureForward
FutureForward 2025, CoreNet Global’s immersive research into the future of corporate real estate and of its own leadership role in the future, was featured this week in Associations Now, the leading trade publication for the association industry.
Thank you again to all around the world who participated in this effort, which is making its mark.
If You’re Reading This, You Might Not Be Exercising
Study after study confirms the benefits to productivity of exercise during the work day.Read more