Corenet NY Chapter Volume One. 06 01 2016

insite New York City Chapter

New York City Chapter of CoreNet Global/Newsletter

Water Worries

Vol I 2016

Board of Directors 2016

Contents

Chairperson

Dan Fishbein Vice President, CIT

President

Lauren Nanna Director of Global Administration, General Atlantic

Vice President

Barry Alton Managing Director, Jeffries & Company, Inc.

3 - Chairperson’s Message

Treasurer

Dino Piccini Senior Vice President, Cushman & Wakefield

COVER Articles 4

Water Worries

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25 Facts about Water

Secretary

Lee Kosmac Chief of Staff, Newmark Grubb Knight Frank

Communities

10 Corporate Leader Interview, Frank Selamie,

Tim O’Halloran Vice President, StructureTone

12 CoreNet NYC Newsletter – Student Feature Carli Finamore

Programs

13 Expert’s Corner An Interview with Bob Salvatelli, Director, Sustainable Water

Special Industry Groups

16 Working Together to Build a Sustainable Water Future

Jonathan Coun Interpublic Group

Jody Brown Senior Director, Thomson Reuters Vito Baccarella Managing Director, UBS

Membership Sponsorship

Ted Moudis, AIA Senior Principal, Ted Moudis Associates

17 Event Recap

Workshops

24 Upcoming Events

Sheena Gohil Managing Director, Colliers International

26 Sponsors

External Relations

Cindy Quan Vice President, Goldman Sachs

Special Events

2016 CoreNet Global NYC Advisors Lou D’Avanzo

Vice Chairman, Cushman & Wakefield

Pay Wu

Head of North American Corporate Real Estate, TD Bank 2

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Lou Nowikas

Vice President, Hearst

Kathy Winkler

Head of US REFS/Real Estate Management, Novartis Pharmaceuticals Corp.

Dale Schlather

Vice Chairman, Cushman & Wakefield

Marcus Rayner

Mindy Williams Vice President, L&K Partners

Women’s Group Debra Cole Associate Principal HLW International

Young Leader’s Group Jason Aster Vice President KBA Lease Services

Chairperson’s Message:

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ur Chapter began the year stronger than ever with over 1,000 members, a dedicated board with nearly 100 volunteers on various committees, and outstanding sponsor support.

Every year we work towards raising the bar with exciting special events at dynamic venues, and with useful, thoughtprovoking content to support effective corporate real estate leadership in our companies.

Behind the scenes we chart our course using data and analytics. Our analytics tell us what programs and events our members attend by company, industry, and job classification, whether we are reaching our primary audience of corporate real estate executives, and where we have opportunities to enhance our value for members. We are fine tuning our offerings to have the right mix of “big events”, as well as focused learning and ideas sharing opportunities for smaller groups and members with special interests. This year we are also giving increased recognition to personal development opportunities that help our members succeed and our companies perform. For this reason Women’s Group and Young Leaders chairs have joined our Board.

With help from our Analytics Committee, the board selected several special focus themes which will be considered as we provide content for members. These include broad business and real estate trends, career development, CRE Organization, our city and our region, cutting-edge technologies, urbanization, and workplace planning. We are lining up an outstanding speaker for our November “Big Speaker” Program, so please stay tuned.

Our Chapter is also giving special attention to

our synergies with New York’s outstanding universities such as NYU and Columbia. This is reflected in increased participation of faculty speakers, CRE education and CoreNet membership for students, and use of university facilities. Finally, we will recognize the importance of awards recognition to CRE’s, service providers, and projects which exemplify our industry. We look forward to our awards presentation on June 28.

In closing, I want to give high praise and kudos to our special events committee for the terrific Annual Dinner we held in April on board the Intrepid. This is certainly the singular event of the year for all of us in the industry.

Best regards,

Dan

Dan Fishbein

Newsletter Committee Members Alexandra Betesh KBA Lease Services / Visual Lease

Lauren Nanna General Atlantic

Carlie Hozza Innovant

Kevin C. Poulin Simpson Gumpertz & Heger

Lee Kosmac Newmark Grubb Knight Frank

Thomas P. Reilly Federal Reserve Bank of New York

Marlene Manzella Consolidated Carpet

Beth Portnoi Shaw Carlton Architecture

Gustavo Mazza Milrose Consultants

Sonya Verny Serraview

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Cover Article

Water Worries

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ike impending doom, environmental issues simmer until a crisis occurs. Such was the case in Flint, Michigan, when toxic levels of lead were detected in the city’s water supply, and suddenly, people everywhere wondered if their drinking water was safe.

A switch in Flint’s water supply chemistry caused the increased leaching in the antiquated lead pipes. Problems with lead in school water supplies have dragged on for years — aggravated by ancient buildings and plumbing, prolonged by official neglect and tight budgets, and enabled by a gaping loophole in federal rules that largely exempts schools from responsibility for the purity of their water.

and ordered weekly pipe flushing at any school with a violation. All schools’ water is regularly tested. The result has been that only 1.3 percent of nearly 90,000 water tests have exceeded the city’s lead threshold.

Dr. Culligan’s expertise is ground water, from which approximately 25 percent of our drinking water is extracted. And we’re extracting it faster than it can be replaced. About 25 percent of ground water that has been extracted in the past 100 years occurred in the previous 10 years of our

New York City has been very aggressive in replacing lead piping in schools,” said Dr. Culligan. Officials have uprooted and replaced all lead pipes leading from water mains into schools, swiftly replaced equipment when tests showed high lead levels,

“We’re lucky in New York City. Our average citizen will use less water because we don’t typically irrigate lawns, and we live in smaller spaces like 1,200-square-foot apartments, rather than in sprawling suburban homes. We have one of the cleanest city water supplies from draws like the Delaware Water Shed, and energy associated with moving water is minimal as it comes into the city,” said Dr. Culligan.

For the city’s part, much of the focus has been on storm water management. Rain water that falls in the city eventually drains to one central pipe, which doesn’t have the capacity to handle deluges of rain. This pipe system is more than 100 years old, and if it is too full, it discharges contaminated water into local rivers. The city is aggressively addressing this issue with a 20-year project that is introducing greenery back into the NYC landscape. This greenery is helping to absorb excess water and minimize runoff into the rivers.

Congress could easily have cracked down on lead in schools. In fact, it once did. The 1988 Lead Contamination Control Act required schools to scrap lead-lined water coolers, test drinking water and remedy any contamination they found. But a federal appeals court struck down part of the law affecting schools in 1996. And while some states have devised their own lead-testing rules, federal lawmakers have yet to revisit the issue.

Recently, we had the opportunity to talk about water issues with Dr. Patricia Culligan, Professor of Civil Engineering and Engineering Mechanics at Columbia University. She is also Associate Director of the Data Science Institute at Columbia and Co-Director of the Earth Institute’s Urban Design Lab.

and this energy is subsidized, which compounds the problem.

current century. Much of this water is used for irrigation of crops that are inappropriate for their environment.

As Dr. Culligan said, “We need to pay much closer attention to how we use our ground water.” Part of the solution is rethinking our food supply and being smarter about overwatering. So much of this world’s food is grown in climates where it becomes difficult to support all the water needed to reach harvest. The continuous pumping of irrigated water also requires energy,

On a state level, the Croton Water Filtration Plant Project began flowing water to taps in the Bronx and Manhattan last May. After seven years of construction, Croton water, which had always met contamination standards but had recurring problems with water color, is now providing quality water through low-energy gravity flow for today’s users and for future generations.

In terms of water consumption, downtown buildings have a watchdog in NYC’s Greener Greater Buildings Plan, which includes one of the first benchmarking ordinances passed in the US: Local Law 84 of 2009. This law requires private buildings over 50,000 sq ft and public sector buildings over 10,000 sq ft to report their Insite - 2016 Volume 1

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energy and water consumption each year for public disclosure. LL84 gives building owners information about a building’s energy and water consumption compared to similar buildings, and tracks progress year over year to help in energy efficiency planning. Building owners are subject to a penalty if usage data is not submitted

by May 1 every year.

One might think that commercial development is the largest user of water, but in fact, the data collected basically indicates that housing uses more water per square foot than other entities.

Our challenge in real estate development remains how we deal with older buildings and the antiquated lead pipes that are still in use. “Replacing lead pipes has to be a priority in retrofitting older buildings,� said Dr. Culligan.

A leader in the field of water resources and urban sustainability, Patricia Culligan has worked extensively to explore novel, interdisciplinary solutions to the modern day challenges of urbanization, with a particular emphasis on the City of New York.

Culligan is the director of a joint interdisciplinary Ph.D. program between Columbia Engineering and the Graduate School of Architecture Planning and Preservation that focuses on designs for future cities, including digital city scenarios. Her research group is active in investigating the opportunities for green infrastructure, social networks and advanced measurement and sensing technologies to improve urban water, energy, and environmental management.

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One billion gallons of drinking water are delivered to NYC every day by the New York City Water Supply System.

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110 million additional gallons are delivered each day to one million people living in Westchester, Putnam, Ulster and Orange Counties.

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NYC's surface water comes from a network of 19 reservoirs and three "controlled" lakes in a nearly 2,000 square-mile watershed, about the same size as Delaware.

Delaware Watershed

Catskill Watershed

Croton Watershed

Croton Watershed

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The NYC Water Supply System is made up of three individual water supplies: the Catskill/Delaware supply, the Croton supply and a groundwater supply system in southeastern Queens.

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The Department of Environmental Protection disinfects its water with chlorine and ultraviolet (UV) light.

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DEP also treats the water with food grade phosphoric acid and sodium hydroxide.

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Phosphoric acid is added to create a protective film on pipes that reduces the release of metals, such as lead, from household plumbing.

Sodium hydroxide is added to raise the pH and reduce corrosively, which also leads to a reduction in potential exposure to lead.

DEP has been treating its water with fluoride since 1966, for "consumer dental health protection." On Feb. 14, 2012, after receiving authorization from the New York City Department of Health and Mental Hygiene, DEP reduced the target dosage.

Carlie Hozza, Innovant & Sonya Verny, Serraview

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Corporate Leader Interview

By Alexandra Betesh KBA Lease Services

Testing at the Tap

An interview with Frank Selamie, Consulting & Testing Services, Inc.

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ew York City is known for having some of the best tap water in the country. It comes from the watershed in southeastern New York State and is fed into reservoirs and lakes through a system of aqueducts and tunnels, where it awaits disinfection and distribution through service lines throughout the City. Although the water is fundamentally high quality, lots of work is required to keeping this water protected from contaminants.

Frank Selamie started Consulting & Testing Services, Inc. (CTSI) almost 24 years ago to help protect New Yorkers (and people everywhere) from countless environmental haz-

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ards. Today, it is one of the city’s top five environmental consulting firms.

With close to 35 industrial hygienists, CTSI remediates various types of water contamination or hazardous materials in buildings. It also develops “proactive maintenance programs, safety audits and inspections, and training for water maintenance teams to prevent contamination before it occurs.” CTSI works with clients that include hospitals, universities, office buildings, and industrial and manufacturing facilities.

CTSI also helps its clients construct policies and procedures that are compliant with local and federal regulations. Agencies like the Environmental Protection Agency (EPA) protect water distribution systems

on a federal level, creating various rules and regulations. However, the EPA does not have a large enforcement arm throughout the different states and cities, so it relies on local authorities like the New York State Department of Environmental Conservation (DEC) and the New York City Department of Environmental Protection (DEP) to enforce these federal regulations. The DEP also creates local regulations and laws with the help of the New York City Department of Health (DOH) to control local water quality.

The New York City reservoirs are highly regulated by the DEP, which has inspectors and investigators who make sure the reservoirs are properly protected.

They use disinfection methods such as chlorine, bromine, and UV sterilization to provide high quality water for distribution.

However, water can be contaminated elsewhere in the distribution process, including plumbing systems and cooling towers.

year, there “wasLast an outbreak of Legionellosis [Legionnaires’ disease].

The DOH felt it was directly linked to a cooling tower.

”

Cooling towers, if contaminated, can spread bacteria (like Legionella) throughout the environment. Legionella contaminated aerosols from cooling towers can spread as far as one mile from the source air conditioning systems. Additionally, recent cases of harmful metals, including lead, have been found in the water of some schools and homes. This is usually a result of lead found in solder, fixtures, and pipes that is absorbed into the water.

In light of these recent contaminants, Mr. Selamie explains that the DOH and the DEP have become “stricter as far as the type of inspections and testing that they are requiring,” developing additional rules and regulations that increase the frequency of water testing, mandate remediation plans, and require that specific maintenance teams and programs are established to prevent future contamination. The maintenance team, who will be tasked with overseeing all water related maintenance, must consist of an engineering firm, a plumbing firm, a water treatment consulting firm, and an environmental consulting firm (like CTSI).

In response to the Legionella problem specifically, the “DOH now mandates

that all cooling towers within New York State be registered and have frequent inspections.

As of March 1, 2016, most buildings were forced to develop maintenance plans and identify how they were going to implement them.” Any person who performs cleaning and disinfection must be certified. The inspection itself must meet several requirements, and a record of all inspection findings, deficiencies, corrective actions, cleaning and disinfection, and tests performed must be available for at least three years.

CTSI has helped their clients build watermaintenance programs with strong water management teams, but the new regulations are creating other industry demands that are difficult to meet.

“There are not enough available certified laboratories to process the larger water testing demands,” according to Mr. Selamie. “As we speak right now, these laboratories are bombarded with lead samples and are backlogged for about a month.”

Although Mr. Selamie works predominantly with building owners, facility management companies and developers, he explains that tenants must also be attentive to their water quality. Typically, the landlord provides the tenants with the base-building water, and the tenants are responsible for their own construction. Mr. Selamie explains that “tenants are responsible for maintaining their own base plumbing and plumbing fixtures. Tenants face two main concerns. The first is the need for an effective post-con-

struction flushing protocol to prevent contamination in newly installed plumbing systems. Far too often, we have encountered cases where metal filings and debris from construction build up inside the plumbing and aerators, leading to slime bacteria and discoloration. Also, tenants should be aware that water can remain stagnant for a long period of time within tenant spaces and this too can lead to bacterial growth.”

Mr. Selamie suggests that the tenants create a maintenance program to ensure water safety and consult with the landlord to find qualified vendors to assist in the space.

Although New York City is fortunate to have an excellent water supply, it is clear that the recent contamination problems have shown that we cannot take our water for granted. New regulations and laws combined with diligent water management programs are needed to ensure that the water that actually reaches our tap is clean and safe.

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Student Feature

CoreNet NYC Newsletter – Student Feature

Carli Finamore Carli Finamore is excited to start her career in Corporate Real Estate upon her graduation in May of 2016. She will be graduating with a Bachelor’s of Science in Civil Engineering and a minor in Construction Management from NYU Tandon School of Engineering, formally NYU Polytechnic Institute. She plans to live and work in the NYC Metro Area.

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How did you get involved with CoreNet?

Two summers ago, I interned with Syska Hennessy Group where I met Kristin Liu, a CoreNet member. I was inspired by her work ethic and industry involvement, and I turned to her during my career search to discuss potential options. Recognizing my desire to network and grow as a young professional, she invited me to a CoreNet event, and I realized that CoreNet is such a amazing resource. Joining CoreNet allowed me to immerse myself with other industry professionals to obtain valuable insights before I start working full time.

2.

What events/programs have you been involved with since you joined?

I attended an intimate Student Event and the New Year’s Eve dinner. The Student mixer, my first event, was a great way to get introduced to CoreNet’s networking opportunities. I met a number of CRE professionals, one of whom will be my coworker at my new job. I had a fabulous night at the New Year’s Eve party and had the pleasure of spending a good portion of the night with the Young Leaders of CoreNet. They were so inspiring!

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How has your involvement with CoreNet helped you with your education/career?

To better prepare for my new job, I want to get more involved with CoreNet. Networking is a love of mine, and I feel that soft skills are of paramount importance. I am excited to have CoreNet connections already. I believe that a versatile set of resources and connections are the basis for innovative thinking, and CoreNet is the perfect platform for this!

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What do you hope to gain from CoreNet in the long term?

Through CoreNet I can meet many distinguished professionals, some of whom I would like to have as my mentors. I truly enjoy hearing about and learning from the experiences of others. Once I start working, I would love to use CoreNet to network with potential clients, and I would love to help CoreNet reach future students.

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What advice would you have for current students seeking a career in real estate?

The best advice I can give is to network! Go beyond simply attending Career Fairs and actually attend real industry events.

Taking this initiative shows your willingness and eagerness to be part of the industry. CoreNet is a great way to get the inside-scoop and to make valuable connections. Furthermore, making a positive first impression on some professionals could be helpful in your job search.

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Expert’s Corner

by Marlene Manzella, Consolidated Carpet

AN INTERVIEW WITH Bob Salvatelli, Director, Sustainable Water Q. Each day an estimated 365 billion gallons of drinking water are used for non-potable purposes in the United States. Some of these uses include: flushing toilets, irrigation and landscaping, steam and power plants and cooling towers for air conditioning needs.

What is the best advice you would give to a building owner to prevent the use of their potable water source for these needs?

A. We started our business on the premise that potable

water is not needed to flush toilets, for irrigation, or to heat and cool buildings. Replacing potable water with reclaimed water from sources like sewer or black water will protect the valuable resource of potable or drinking water.

As much as 40% of a total building or campus footprint can be identified as non-potable demand and can systematically be replaced with reclaimed water. Building-based and campus-wide solutions are now available and can be retrofitted into existing buildings or incorporated as part of a new building’s original design. Replacing potable water with reclaimed water for hydraulic heating and cooling is also more environmentally friendly. Studying the water needs early in the design phase is preferred so that the plan can include dual piping for toilet flushing and a comprehensive irrigation strategy.

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Expert Corner Q. What are the requirements for adding a non-potable water source to an existing commercial building? What risks and investments are involved? What are some of the immediate and long term benefits?

A. Federal and state guidelines for use of reclaimed water are relatively straightforward.

The standards for reclaiming water are clearly defined in the Water Reclamation and Reuse Standards published in September 1997 (http://w w w.ecy.wa.gov/programs/wq/reclaim/advisorycommittee/standards.pdf). It is important to emphasize that the treatment of reclaimed water falls just short of the treatment to create potable water. Reclaimed water for non-human consumption is safe for utility applications like toilet flushing, irrigation, and cooling towers or steam boilers. A thoughtful engineering plan and study of building usage is the best place to start, since water projects have a longer return on investment (ROI). Current utility rates and the volume of water/sewer are factored into the ROI modeling exercise. However performance contracting, allowing third parties to Design and Build, Own, and Operate and Maintain (DABOOM), is a creative way to solve the longer investment scenario.

Typical construction improvements look for an ROI in the 3-5 year range based on size and scope of the project. Water tends to be two to three times that and is usually value engineered out. This trend cannot continue because it has proven to cost owners more in the long run. Our firm is betting on a change to this trend because our current infrastructure is stressed due to age and deferred maintenance. Water and

sewer rates are on the rise across the country; the national average is 9% compounded annually. The ability to hedge those rates has been a large focus on the energy side of the ledger, but now owners see that their water budgets are rising more rapidly than other utilities. Retrofitting buildings after the fact with a dual pipe for flushing is often impractical. Understanding that the addition of this purple pipe at time of construction is relatively inexpensive and typically adds only 5-10% to the piping budget. This second source of water will be discounted and will enable savings over time. Adding to the resiliency of the building by having a second source of water in the event of an outage, you have a thoughtfully planned building to operate.

Cities like San Francisco have made this part of their new building requirement over 250,000 SF and are leading the country in reclamation innovation. (http://sfappeal.com/2015/06/supervisors-pass-ordinance-requiring-onsite-water-recycling/)

Q. What are practical processes of treating and filtering water to make it potable? What forms of sustainable energy can be used in the processes?

A. I think the concept of toilet to tap is still in the distant horizon. The “ick” factor is very prevalent. Even strategies around desalination of sea water are not perfected yet, so I believe that trying to displace potable water with reclaimed or utility water is a far better option. The County of San Diego is working with a project developer to build a large scale (50 MDG) desalination plant in Carlsbad, CA. The project cost is roughly $1.0 billion and is only going to provide 7%-10% of county’s water supply. It has a very large energy footprint but is an attempt to hedge against future drought and a growing population. Coincidentally, the City of San Diego ’s Pure Water Program is also trying a wastewater to tap strategy for essentially the same reasons.

This is fairly small in scale to date but is clearly a sign of things to come, as supply is not keeping up with demand.

For our project at Emory University in Atlanta, we have been successful in reducing their potable water consumption by 40%, leaving more drinking water for the surrounding community. We have also reduced their discharge to the municipal plant up to two-thirds. This also lowers energy usage; 13% of the energy produced in the USA is dedicated to the movement and treatment of water. The concept of decentralized treatment and

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reuse will clearly preserve the precious resource of drinking water. It gets even more attractive when performance contracting is the delivery vehicle, because the client can realize savings on day one with zero capital outlay. Depending on volume and rates, millions of dollars can be saved over the life of the contract. http://www.sandiegouniontribune.com/news/2014/nov/18/water-recycling-sewer-tap-council-approves/- Considered first of its kind at a municipal scale http://poseidonwater.com/- Large Desalination firm. Carlsbad project $1.5 billion for only 7% of counties water

7.5 billion gallons of potable water annually in the next ten years. Similar to how the solar plan for the US was established to create a way to find renewable energies, this plan is to get the more innovative firms together with some of the brightest scientists in this country to attack the issue of preserving potable water. I often hear speculation that the next major war will not be fought over oil but over water. Water security, and the need for water to run a building, is not nearly as dire as the fundamental survival need for drinking water to stay hydrated. Nevertheless, building owners must begin to recognize the risk associated with outages to critical heating and cooling operations. No one worries about water until the well runs dry.

Q. We have alternative fuels to provide and create usable energy, but there is no alternative for potable water.

How can we prevent a critical shortage of potable water?

A. Conservation is the easy answer, but that will just not get us to where we need to be. Aggressive strategies need to be explored to find a way to save us from ourselves. Our firm is part of recent initiative from the White House to solve this pending crisis. Sustainable Water is committing to deploy $500 million in capital to develop 50 ecoengineered decentralized water reclamation and reuse systems across governmental, institutional, and commercial market sectors. This commitment is anticipated to save

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Working Together to Build a Sustainable Water Future Press Release from the White House March 22, 2016

The commitments being made include the following:

Water challenges are facing communities and regions across the United States, impacting millions of lives and costing billions of dollars in damages. These challenges are particularly problematic in predominantly poor, minority, or rural communities, where water inequality can go handin-hand with socioeconomic inequality.

Recent events, including record-breaking drought in the West, severe flooding in the Southeast, and the water-quality crisis in Flint, MI, have elevated a national dialogue on the state of our Nation’s water resources and infrastructure. This dialogue is increasingly important as a growing population and changing climate continue to exacerbate water challenges. Accordingly, we must work together to build a sustainable water future—one in which everyone has access to the safe, clean, and affordable water they need, when and where they need it.

• Nearly $4 billion in private capital committed to investment in a broad range of water-infrastructure projects nationwide.

This includes $1.5 billion from Ultra Capital to finance decentralized and scalable water-management solutions, and $500 million from Sustainable Water to develop water reclamation and reuse systems.

That’s why, as part of World Water Day, the White House is hosting a Water Summit to shine a spotlight on the importance of cross-cutting, creative solutions to solving the water problems of today, as well as to highlight the innovative strategies that will catalyze change in how we use, conserve, protect, and think about water in the years to come.

In addition, following the White House’s call to action issued in December, more than 150 external institutions are joining the Federal government in announcing new efforts and commitments to enhance the sustainability of water in the United States by managing our water resources and infrastructure for the long term. These efforts and commitments include needed steps to accelerate development, demonstration, and deployment of innovative technologies; support critical research; enhance data collection, access, and usability; conserve water and water basins; raise public awareness; and deliver tools and technologies so that we can ensure that future generations have access to safe and reliable water resources.

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• More than $1 billion from the private sector over the next decade to conduct research and development into new technologies. This includes $500 million from GE to fuel innovation, expertise, and global capabilities in advanced water, wastewater, and reuse technologies.

• A Presidential Memorandum and supporting Action Plan on building national capabilities for long-term drought resilience in the United States, including by setting drought resilience policy goals, directing specific drought resilience activities to be completed by the end of the year, and permanently establishing the National Drought Resilience Partnership as an interagency task force responsible for coordinating drought-resilience, response, and recovery efforts.

• Nearly $35 million this year in Federal grants from the Environmental Protection Agency, the National Oceanic and Atmospheric Administration, the National Science Foundation, and the U.S. Department of Agriculture to support cutting-edge water science.

• The release of a new National Water Model that will dramatically enhance the Nation’s river-forecasting capabilities by delivering forecasts for approximately 2.7 million locations, up from 4,000 locations today (a 700-fold increase in forecast density).

Moving forward, the Administration will continue to carefully examine and take action in areas where further effort is needed to protect our Nation’s water resources and build a sustainable water future.

Event Recap

CoreNet NYC New Year’s Party

Thursday, January 7, 2016 6:00PM – 10:00PM Rainbow Room, Rockefeller Center Over 400 CoreNet NYC members gathered to celebrate the start of the New Year. The sold-out event was again hosted at the Rainbow Room at Rockefeller Center. Guests were excited to be able to enjoy networking with fellow industry professionals while surrounded by iconic views of Manhattan.

CoreNet NYC: Workshop Event Thursday, January 28, 2016 11:00AM – 2:00PM AOL CoreNet NYC members gathered at AOL for a special telecast event hosted by the CoreNet Mid-Atlantic Chapter, in collaboration with the CoreNet NYC and London Chapters. Speakers from the three regions discussed best practices, lessons learned, valuable duediligence programs and other trends during pre-and post-merger/ acquisition transactions in commercial real estate portfolios.

Senior CRE Dinner

Tuesday, February 9, 2016 6:00PM – 9:00PM Ocean Prime

The NYC Chapter of CoreNet Global hosted a new Senior Corporate Real Estate Executive Council dinner on February 9, 2016. At the dinner, participants were encouraged to freely exchange ideas and to share experiences. This exclusive group includes some of the most senior level leaders in the New York area, who manage global portfolios in excess of 4 million square feet.

Guest speaker, Modupe Akinola, PhD, Assistant Professor of Management at Columbia Business School, kicked off the conversation with a discussion centered on “making wise decisions.”

She asked the leaders to consider how their decisions were affected by mental biases, skewed logic, false premises and misleading emotions.

The evening also included a NYC Chapter update as well as a discussion about the chapter’s successes and challenges and its vision for the future.

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Workshop Tour of HarperCollins Thursday, February 11, 2016 HarperCollins The Workshop’s Committee of CoreNet NYC hosted a tour of HarperCollins, the Chapter’s 2015 award winner of the Commercial Interior Project of the Year. The tour was limited to 20 members and the participants received an hour long tour and brief history lesson on how the space was built.

Program: The Changing Nature of CRE Strategic Broker Partnerships Tuesday, February 23, 2016 Grand Hyatt CoreNet NYC hosted a special program entitled, “The Changing Nature of CRE Strategic Broker Partnerships” at the Grand Hyatt New York in New York City. Sherri S. Parman, Partner at Capstan Advisors, moderated a panel discussion among senior industry leaders with ranging perspectives. The event focused

on service delivery challenges and its impact on corporate real estate. The four panelists included Vanessa Scaglione, Head of Americas and Pacific, Real Estate Services at Marsh & McLennan, James Love, Vice President, Head of Real Estate Transactions at Goldman Sachs, Craig Robinson, President USA at Colliers International and Ann Duncan, Executive Vice President, Head of Occupier Services at Savills Studley.

Columbia University Career Fair Friday, February 26, 2016 Columbia University External Relations Committee members Brian Schwagerl and Melina Raffin met with Patrice Derington, Columbia MSRED Program Director and Rebecca Anderson Polmida, As-

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sociate Director of Career Services at the Graduate School of Architecture, Planning and Preservation and participated in Columbia University’s Masters in Real Estate career fair.

They discussed CoreNet’s networking opportunities and how a mem-

bership in CoreNet can accelerate a student’s career search. CoreNet NYC has collected student resumes from the real estate programs at Columbia and NYU, and members can request the student resumes should they have job openings.

Sustainability Community:

Where do we go from here?

2°C Challenge & The Future of Sustainability in Corporate Real Estate Wednesday, March 2, 2016 BNY Mellon The Sustainability Community hosted a first-ever round table session where prominent leaders in CRE and sustainability met to help define what CRE can do to reverse climate change. Many companies in CoreNet participate in CDP and seek LEED ratings for their real estate.

The public discourse on climate change has evolved from denial to action with multiple major events occurring recently, including the President’s Alaska tour to the Paris carbon talks. The facilitated session posed the question, “Where does Corporate Real Estate go from here?”

TAMI SIG Event Tuesday, March 8, 2016 IPG The TAMI SIG hosted their second quarterly by-invitation-only roundtable meeting for End Users in the Technology, Advertising, Media, and Information Industries.

Guests enjoyed conversations on topics that were selected based on feedback from a “crowdsourcing” survey of the Chapter’s Core Members.

Women’s Group: Navigating Political Waters Under Change Wednesday, March 9, 2016 Skadden, Arps, Slate, Meagher & Flom LLP The CoreNet NYC Women’s Group hosted a program entitled, “Navigating Political Waters Under Change” on Wednesday, March 9, 2016 at Four Times Square in New York City. Debra Cole, Chair of the Women’s Group, introduced the panelists, which featured four female leaders in the industry who shared their tactics and strategies regarding effective navigation in a changing political landscape. Lee E. Miller, Managing Director at Advanced Human Resources LLC, moderated the discussion among panelists, Michelle Ferguson, SVP of Global Workplace Strategies and Services at McGraw Hill Financial, Lisa Gibson, Director Enterprise Services at Time Warner Real Estate, Suzanne Heidelberger, SVP of Global Real Estate & Workplace Enablement at American Express and Louise Matthews, VP Global Real Estate at Bacardi.

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Event Recap

St. Paddy’s Technology Day Meetup Community: Wednesday, March 16, 2016 Hurley’s Over 70 CoreNet NYC members and prospects gathered at Hurley’s Midtown bar to join in an early celebration of St. Patrick’s Day.

Coach Headquarters and a Tour of Hudson Yards Thursday, March 24, 2016 Related Hudson Yards Event Space On Thursday, March 24, 2016, the External Relations Group and Young Leader’s Group of CoreNet NYC hosted a joint tour of Hudson Yards.

This limited capacity tour included an hour long panel discussion by Mitchell Feinberg, Divisional Vice

President of Facilities for Coach, Andy Rosen, Vice President of Related Companies, Jeff Lustig, Associate Principal of STUDIOS Architecture and Todd DeGarmo, moderator / CEO of STUDIOS Architecture, who discussed the details of planning and creating Hudson Yards to be a New York City destination.

Wired for Wireless

Thursday, March 31, 2016 State Grill & Bar The Technology Community hosted a sold-out panel discussion entitled, “Wired for Wireless: The Future of the Wireless Building and Why You Should Care” on March 31, 2016 at the State Grill and Bar in New York City’s Empire State Building. Matthew Baldassano, Technical Director of Commscope, John Miko of WiredScore and Michael Wagner, Development Operations of EMC/ Dell led the panel discussion moderated by Chris Johnson, Chief Technology Officer of Diversified Systems. The industry leaders each shared thoughts regarding the shift from wired to wireless, specifically significance of the transition from building perk to building requirement.

Leveraging Flexible Work Environments into CRE Workplace Strategy Wednesday, April 27, 2016 WeWork Industry professionals gathered for a discussion about the growth of co-working and on-demand real estate options for corporate end users, and the related impact on the NYC 20

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real estate market. Mick McConnell, Vice President of Product Development at WeWork, moderated the discussion amongst Tom Rodber, CEO at The Instant Group, Mick McConnell, VP of Product Development at WeWork and Kes Sampanther, Executive Director of KPMG.

New Member Reception Thursday, April 21, 2016 WB Wood New members of the CoreNet NYC chapter gathered to network and receive deeper insight into the organization. Membership Committee Chair, Jonathan Coun, gave a presentation providing an overview of the chapter leadership, membership statistics, events and opportunities. This year’s reception offered a “speed dating” activity where members briefly met with a member of the

chapter’s many committees including the Administration Committee, Women’s Committee, Young Leaders Committee, Programs Committee, Special Events Committee, External Relations Committee, Sponsorship Committee, Workshops Committee, Meet Ups Committee, Membership Committee, SIG Committees and Community Committees, to learn about the objectives and responsibilities of each.

Measuring Knowledge Worker Productivity

Tuesday, May 10, 2016 Inscape Showroom

The CoreNet NYC Strategy and Portfolio Committee hosted a special speaker presentation that introduced six factors identified by researchers

as productivity proxy measures in the workplace. The speakers shed light on the desired behaviors that are consistent with the six factors as well as the incentives to improve the factors within an organization.

The Business of Storytelling Wednesday, May 4, 2016 Skadden The CoreNet Workshop Committee hosted two interactive sessions providing insight into the power and influence of storytelling to effectively present strategy within an organization. Mike Saporito, Co-Founder of SmartHabit, led the sessions, enlightening attendees on how to gain consensus behind a share purpose by creating both a rational and emotional connection to a story objective. The sessions incorporated content from the topics of Data Science and Internet of Things (IOT), teaching participants to identify specific scenarios for a story, to tell a story that advances a business objective, to develop an engaging and influential story for a target audience and to create a story portfolio to use in the future.

Mentorship Program Graduation Monday, May 9, 2016 JLL The 8 month program started with a Kick Off Program in August, 2015 with 28 selectively matched Mentors and Mentees from the CoreNet community. The program consisted of three formal Mentor/Mentee meetings along with the opportunity to participate in six additional Mentor/Mentee gatherings during the program in addition to individual Mentor/Mentee meetings.

The Graduation program was well attended by all program participants.

Mentor and Mentee pairs shared their heartfelt experiences during the graduation session and most reported that they will continue the relationship past the program period.

We will be taking applications for potential participants in the fourth Mentorship program this summer.

This next program begins September 2016 and continues thru May 2017.

Mentees must have 2+ years of experience and Mentors must be senior level professionals in the Corporate Real Estate Industry with 8+ years of experience.

The program is open to the CoreNet Membership but is sponsored by the Women’s Community chaired by Shelly Block and Debra Cole. Please contact the Women’s Mentorship Chairs if interested in participating: Pat Hildebrandt; Lisa Speltz and Ellen Herman.

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Event Recap

CoreNet NYC Annual Dinner

The Intrepid Sea, Air & Space Museum The New York City Chapter of CoreNet Global (Corenet NYC) hosted its sold-out 2016 Annual Dinner for the very first time at The Intrepid Sea, Air & Space Museum on Thursday, April 14, 2016. CoreNet NYC was joined by over 900 corporate real estate industry leaders on the ship for the association’s most anticipated event of the year, and the chapter’s most elaborate event to date.

This year’s event featured a duet performance between saxophonist, Alex Foster of Saturday Night Live and artist, Tom Reyes of Visible Sound. Foster serenaded dinner guests with jazz music, while Reyes painted three contemporary works of art that was inspired by the music.

The works were later auctioned off.

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The event also featured the first-ever “Design Spotlight Competition,” which showcased four displays of “Disruptive Innovation.” Arenson, Ted Moudis Associates, NBBJ and Corgan each spent two months preparing a display, conceptually defining “Disruptive Innovation” within a 4’ x 4’ x 4’ space. Each firm anonymously displayed its project during the dinner, before the winner, Corgan, was announced. Corgan’s unique interpretation used only black and white coloring, was contained in an abstract hexagonal structure and included an electronic screen as the backdrop—it was the only design to incorporate an electronic device. Other projects were enclosed in quadrangular structures or were open-air and included elements of nature, depictions of technology and illuminating characteristics.

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Upcoming Events

Save The Date!

Wedsday, June

22

6:00PM – 8:00PM Location TBD

CoreNet Meetup Please continue to check CoreNet NYC website’s event tab to register and for more information on this event.

Tuesday, June

28

6:00PM – 8:30PM 11 Times Square - 38th Floor

Annual Meeting & Volunteer Appreciation Reception Please join the New York City Chapter of CoreNet Global, Inc. for our 2016 Annual Meeting & Volunteer Appreciation Reception.

Registration to open in the coming weeks.

Please note this is a Members only event.

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Thursday, June

9

6PM – 8:15PM Hyatt Grand Central

The Programs Committee Presents The New York Paradox: Authentic Innovation An Evening with Maria Torres-Springer, President, New York Economic Development Corporation

We live in the greatest city in the world. As real estate professionals, we know that a large part of New York’s authenticity comes from the built environment around us. It connects us to the historical, cultural and social essence of our city, but also supports a foundation from which to innovate and grow. At the center of it all is the New York City Economic Development Corporation (NYCEDC), the municipal voice for advancing inclusive economic development across the five boroughs.

We invite you to a very special discussion with the President and CEO of the New York City Economic Development Corporation – Maria Torres-Springer – as she reveals ow the EDC encourages inclusive innovation and economic growth through the built environment. Not only does Maria oversee the management of over 200 properties on the City’s behalf, but her team conducts area-wide community planning and place-based development, while providing sectoral support to diversity the City’s economy.

Monday, July

11

11AM Shotgun Old Oaks & Century Golf Courses Purchase, New York

2016 Annual Golf Outing Please save the date for CoreNet NYC Annual Golf Outing.

Registration is currently open to Annual Sponsors only and will open to the General Public on Monday, May 23, 2016.

Thursday, June

16

1:30AM – 2:00PM LMHQ

Workshop – What are Innovation Districts and How Can They Benefit Companies?

Innovation Districts are developing in many cities across the country including New York City. They are urban environments which facilitate idea generation and are typically connected by transit, energy efficient, wired for digital technology and leverage various public and private public amenities towards commercial growth and innovation.

Join CoreNet NYC and the Workshops Committee for our multidisciplinary panel of practitioners to understand the characteristics of an Innovation District, explore their increasing relevance in corporate location strategies and learn how corporations can leverage innovation districts to grow their businesses.

Moderator: Kate Wittels, Principal, HR&A Speakers: Andrew Kimball, CEO, Industry City David Gilford, Former NYCEDC VP Director, Intersection John Paul Farmer, Director, Technology & Civic Innovation, Microsoft

Please continue to check the CoreNet NYC Upcoming Events tab for a listing of future events.

The calendar is updated each time an event is scheduled.

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LEARNING SPONSOR

The Rockefeller Group The Rockefeller Group is one of the most trusted names in real estate, recognized for a commitment to excellence and for its pioneering of large-scale urban development. Since the development of New York’s Rockefeller Center, in which the company owns and/or manages approximately six million square feet of first-class office space, The Rockefeller Group has been recognized for its financial strength, credibility, and vision. The company remains committed to the selective acquisition, management, and development of innovative, high-quality office, industrial, residential and mixed-use properties in urban centers and strategic distribution markets.

Since 2013, The Rockefeller Group has completed more than one million square feet of new leases in Rockefeller Center. In 2015, the company completed an 18 month capital improvement program at 1221 Avenue of the Americas, including a new 18,000 square foot lobby, new entrances and renovated outdoor plazas.

In 2016, The Rockefeller Group announced plans to perform a major redevelopment of 1271 Avenue of the Americas, which will result in the delivery of 2 million square feet of virtually new space to the Midtown market commencing in late 2018.

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P L AT I N U M

GOLD Cassiody LLC Turley Teknion, Structure Tone LBA Realty Colliers International Enterprise Florida, Inc. VVA LLC

JT Magen & CompanyAvison Inc. Young Colliers International Jones Lang LaSalle Fisher Brothers STV | DPM New York VVA Project Managers & Consultants Structure Tone Inc. Allsteel

S I LV E R Certified Moving & Storage Co., LLC MovePlan Creative Office Pavilion Consolidated Carpet STUDIOS Architecture Waldner’s Business Environments AFD Contract Furniture

Knoll Arenson G3 Architects Humanscale Steelcase DORMA USA, Inc. JT Magen & Company

EvensonBest Milrose Consultants L&K Partners, Inc. James E. Fitzgerald, Inc. Total Relocation Services Business Interiors by Staples

BRONZE Technical Innovation, A Diversified Company Kimball Office Bentley

Brookfield Plaza Construction Colite International, LtdCorgan Empire Office

HLW International Tagwall Related Companies Adelhardt Construction

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insite New York City Chapter

New York City Chapter of CoreNet Global/Newsletter

Vo l u m e 1. J u n e 2 016

CoreNet Global New York City Chapter 380 Lexington Avenue, Suite 1920 New York, NY 10168

Our Vision: To be a thought leader, forum and resource for corporate real estate professionals in New York City.

Our Mission: Advancing innovation and professional development in Corporate Real Estate.

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