2017 - March 2017 Newsletter

In This Issue                     

President's Message
Featured Sponsor
Cushman & Wakefield
Past Events Highlights
Committee Updates
Upcoming Events

 

                                 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                             


President's Message

Our new CoreNet year, which begins on April 1, will be built on many remarkable successes of the prior year, some of which I have highlighted for you in these messages.  The Chapter is poised to approve a record annual budget in excess of $800K with membership poised to top 800.  Planning is underway for our signature events: the Annual Golf Tournament, the Day on the Bay, and the Corporate Real Estate Awards Gala.  The Chapter will debut a dynamic “new look” website and  is planning to release at least four podcasts in the upcoming year. Our committee chairs are all in place with fresh ideas and renewed enthusiasm, and the Programs Committee has kicked off our new year with the “Technologies Changing Corporate Real Estate” series.  

Feedback we have received from you  about our 2016/2017 fiscal year has been overwhelmingly fantastic.  We have heard from our members that programs have been on-point and relevant, networking events have been fun and well-attended, and our members feel they are receiving benefits from their investment of time and money.  The credit for Chapter’s success goes to all of you who volunteered to make things happen, attended an event, completed a post-program survey, or wrote a sponsorship check.   Each action helps build a stronger brand and enhances the corporate real estate profession.

I have officially passed the gavel (yes, there is one), and the Chapter leadership will transition on April 1st.  Jay Sholl, senior vice president of Advisory and Transaction Services for CBRE, is the incoming Chapter president, to be supported and  assisted by newly elected Chapter executive vice president,  John Lucas of Juniper Networks.   Jay and John have a tremendous breadth of industry and Chapter experience and will be a very complementary team.  Rounding out the Board of Directors for the coming year will be David Houseman and Janet Merriman as directors-at-large, Andrea Tobias as secretary , Michelle Lagos as administrative director, Cassidy Zerrer as treasurer,  and myself.

The chapter owes a huge thank you to our members who will no longer be part of the leadership team including Past-President Sandy Heistand, Secretary Jamie Moore, and committee chairs Shaun Scrivens, Don Davis, Tom Willow, Joan Price and Amber Schiada. They have all served with distinction, dedication and passion.

Sponsors continue to be the life-blood of the chapter.  Their generous contributions help fund many of the programs the Chapter is able to offer; please pass on your appreciation to our sponsors at all levels when you see them.

As I reflected on what I wanted to include in my final President’s Message, I kept coming back to “thank you.” Thanks to all of you for making this year a success.  I’ve had a wonderful year, personally,  as president of the Chapter.  I’ve been humbled to see the amount of time, hard work and dedication our volunteers put in to keep our organization strong and our programs interesting and relevant -- all on top of their day jobs.  Special thanks to Ken Miles, Tess Lombardo and Christina Pacini of HPA.  They always pick up the phone, and there is not a question they can’t answer.  Last but not least, thanks to my “editors,” Coleen Hurley and Ted Klaassen, for making my written words sound coherent.

Finally, I’ve had fun writing these messages over this last year.  I hope they have conveyed the respect I have for this office but also a whimsical perspective.  In keeping with the “college voyage” theme of previous messages, I now “graduate” and transition into the role of past-president, but I don’t get to play golf or travel the world, so I’ll see you at the next Chapter event!

Mike



Featured Platinum Sponsor - Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Founded in 1917, it has over 500 offices in 60+ countries, employing more than 43,000 professionals globally, with 28,000 employees in the Americas. It offers a complete range of services to its occupier and investor clients for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, appraisal, consulting, corporate services, and property, facilities, project and risk management. Supported by the industry's leading market research platform, we have expertise in local markets around the world. We know the tenants and the owners, and we use this knowledge to create optimal occupancy solutions and uncover hidden opportunities for our clients. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

Celebrating 100+ Years - Our History in Motion

2017 marks the 100-year anniversary of Cushman & Wakefield. 100 years of working with some of the largest and most interesting clients in the world. 100 years of taking our clients’ ideas and putting them into action. As we mark our centennial, we are in a unique position to take advantage of future drivers of growth, and to continue to provide ideas and solutions to the most complex real estate problems of today and tomorrow. Our future is full of new and exciting opportunities for growth – for you – our clients – and for us.

Take a step back in time to explore the major milestones of Cushman & Wakefield’s 100+-year-old history with our interactive timeline:

http://cushwakecentennial.com/timeline/



CoreNet NorCal Podcasts

The Chapter has recently launched a podcast series to provide our members with more information that is relevant to their professional success.  Since launching in December of last year, we have produced and published four podcasts.  The most recent offering is a podcast of our February Chapter meeting on: The Potential Impact of Public Policy Changes Under the New Administration.  The program features renown political commentator Scott Shafer, senior editor, California politics and government at KQED Public Media and host of the popular radio show, California Report.  The panel for the talk is:

The Honorable Scott Wiener, California State Senate District 11
Ted Egan, chief economist, San Francisco Office of the Controller
Greg Dalton, producer and host of Climate One at the Commonwealth Club
Matt Regan, senior vice president of government relations, Bay Area Council

Please note:  If you were not at our January economic forecast event, we recommend first listening to our podcast of it featuring renowned real estate economist, Ken Rosen, chairman of the Fisher Center for Urban Economics at UC Berkeley’s Haas School of Business and chairman of Rosen Consulting Group.

All of our podcasts can be found here:

http://nocal.corenetglobal.org/communityresources/new-item


January Chapter Meeting In The News

The Registry covered our January Chapter meeting featuring Ken Rosen’s economic forecast.  You can find the article here:

http://news.theregistrysf.com/ken-rosen-wary-possible-impact-trump-economy/




February Chapter Meeting Recap

By Erin Carew, Instigate

The chapter met on February 16th at the City Club in San Francisco to discuss: The Potential Impact of Public Policy Changes Under the New Administration.  It proved to be the perfect complement to the January Forecast event and featured renown political commentator Scott Shafer, senior editor, California politics and government at KQED Public Media and host of the popular radio show, California Report. Shafer moderated a distinguished panel including:

The Honorable Scott Wiener, California State Senate District 11
Ted Egan, chief economist, San Francisco Office of the Controller
Greg Dalton, producer and host of Climate One at the Commonwealth Club
Matt Regan, senior vice president of government relations, Bay Area Council

Shafer started by interviewing Senator Weiner, a Democrat who represents San Francisco and a portion of San Mateo County in the state senate.  Here are some highlights from that conversation.  

Shafer:  Describe the difference between the political environments in Sacramento and in San Francisco (where Weiner served as a supervisor).

Wiener: “It is very different.  It was amazing to be on the SF Board of Supervisors representing 75,000 people and to work in a tangible way on projects with members of the community.  Now I represent one million people and am making policy for the 6th largest economy in the world at a particularly interesting time in history.  Having to navigate a much more complex political ecosystem with a much more diverse environment.”

Shafer: Had you met any Republicans previously? (Joking) In addition to Republicans you also now have the new Moderate Democratic Caucus (Mod Caucus) who are playing the role that was traditionally played by Republicans.  Even though you have a two-thirds majority in both houses what is the impact of that?

Wiener:  “Both houses are diverse, however, particularly in the Assembly there are a group of Democrats that are truly moderate,so we are unable to always count on the two-thirds.  For example we have a major transportation infrastructure funding package making its way through the legislature which includes $6 billion a year and we need to get two-thirds vote in both houses.  In the Assembly, it’s a struggle. There was a surge of voter turn-out in the last two cycles that produced many wins for Democrats. So there are members who are concerned about re-election in more moderate districts especially in the Assembly where their terms are up every two years. The bill was two- or two-and-a-half times that, but it keeps getting shrunk down because we can’t get to two-thirds.”

Shafer:  What would you like to see happen with the bill?

Wiener:  “The bill calls for a 12-cent increase in the gas tax and increases to vehicle registration fees.  It currently includes only 10 to 12 percent for public transportation. I would like to see an increased package with more money going to transit.  A broken Congress that can’t put its socks on in the morning has approved an 80/20 split with 80 percent going to roads and 20 percent going to transit, so that, to me, is a baseline.”

Shafer:  “What is your best argument for more money for public transit to rural districts and places like Los Angeles?

Wiener: “There is a stereotype that only places like San Francisco and Oakland rely on transit.  However, there are many places around that state that do as well.  Los Angeles is expanding their transit system and taxing themselves locally.  I also hear from my colleagues in the Central Valley that they want to expand the ACE train and make it more connected with other systems.  It’s sort of like the repeal and replacement of Obamacare.  Many politicians want to limit spending on it, however, there are large populations of low income people who rely on it.”

Shafer:  Who are the major players involved in transportation infrastructure?

Wiener: The coalition for this package is the cities and counties because they maintain the roads, a number of business organizations like the Bay Area Council and the Silicon Valley Leadership Group, the infrastructure contractors and labor.  Then, you get tension from the environmental groups, transit advocates as well as bike and pedestrian activists who want more funding for various things. Additionally, the oil and gas industry are opposed to the tax on their products, and the Howard Jarvis Association opposes it because they oppose all tax increases.

Shafer:  “We know that one of the Governor’s pet projects is high-speed rail.  How does that play into the bigger picture discussion around transportation?”

Wiener:  “It makes me sad that high-speed rail has become this political football and punching bag.  If you think about it, it’s just going back to basics. It is unbelievably embarrassing that California, being who we are, doesn’t have a functioning statewide rail system. Our airports are running out of space and we are going to get to the point where interstate and long haul flights are going to crowd out intrastate flights.  Our freeways are clogged and it is unbelievably expensive to widen them.  We need to just build the damn train and get it going and be done with it!”

Shafer: I know you are passionate about housing.  Last year before you got there, the Governor put $400 million on the table for affordable housing and said that you can use it if you can all agree on some reforms in the permitting process including CEQA, but the legislature failed to get it done.  Has the mood in Sacramento changed at all on this issue? Was it labor and the environmentalists who opposed it?

Wiener: “The Governor has made it really clear that in order for him to allocate any money to invest in affordable housing, he wants reform. He proposed a bill last year to streamline approval.  It got obliterated for a variety of reasons.  I have proposed a bill, SB 35, that is a modified version of what he proposed.  We are working with labor as well as the environmental and housing communities and getting some good support for it.  It is my hope that this bill can travel along with some other funding bills along to the Governor and he will sign all of them.  It will require communities to live up to their Regional Housing Assessment Goals which many communities are currently blowing off.”

Shafer: “What would it take in terms of changing the dynamics in Sacramento to get some real progress made on these issues?”

Wiener: “Sometimes it takes a breaking point.  A few years ago, I think there were very few members of the legislature working on housing, and it was really hard to get any traction.  Fast forward just a few years, and this housing crisis is not just in San Francisco and the Bay Area, it is everywhere. There are more of my colleagues whose constituents are struggling with housing and that has given momentum to this work.  With transportation, it has been a frustrating few years, however, there is a lot of momentum to make something happen. I introduced a constitutional amendment to do a dedicated funding measure for transportation, which takes two-thirds vote.  We have seen around the state, in San Diego, Sacramento, Placer, Contra Costa Counties that these measures will get 60 – 66.5 percent of the vote and they fail.  This measure will reduce the threshold for transportation funding to 55 percent.

Please click here to listen to a podcast from the event:

http://nocal.corenetglobal.org/communityresources/new-item



Young Leaders Update

CoreNet Northern California Young Leaders hosted their annual membership drive on February 9th at the Interface showroom in San Francisco’s Jackson Square neighborhood. We want to thank everyone that contributed to the success of the event!

Robert Teed (Service Now) started out the event by providing an overview of CoreNet and benefits of membership. This was followed by a panel discussion moderated by Miles Garber (vice-president research, Polaris Pacific), around the future of buildings as it relates to technology and productivity. The panel, which consisted of Matt Macko (founder, stok), Hao Ko (principal and studio director, Gensler), Kunal Desai (facilities engineering programs manager, Google), and Grant Craig (associate principal, PAE Consulting Engineers), addressed a number of topics based on their collective experiences that provided an interesting look at the future of buildings and how it will impact people, cities, and our environment.

   


Young Leaders Mentorship Program - Register Now - Due April 10

Don’t forget to register for the Corenet Young Leader Mentorship Program!  The mentorship program provides protégés with the opportunity to interact with two well-matched seasoned leaders within CoreNet on a one-on-one basis.  Participants will meet with their mentor a total of four times throughout the year, and attend two group meetings.   Registration is limited, so apply early for your chance to be part of this year's program!

Goals:

  • Foster relationships between senior CoreNet leaders and protégés outside of structured Chapter events.
  • Foster intimate, professional discussions encompassing protégé's career goals and topics like CoreNet, economic trends, and the local corporate real estate industry.
  • Increase  participation in monthly CoreNet chapter meetings by requesting that mentors and protégés attend at least one general Chapter meeting together.

Link to registration: http://www.cvent.com/events/2017-corenet-northern-ca-young-leaders-mentorship-program/event-summary-dbd74ae8699e4ca98fb690752c56cdf7.aspx



2017 Corporate Real Estate Awards Nominations - Due April 28

The Northern California Chapter is seeking nominations for the 20th Annual Corporate Real Estate Executive and Service Provider of the Year Awards.

The awards celebrate and recognize both corporate real estate executives and service providers whose local or global real estate accomplishments for their company and our industry distinguish them among our peers. Nominees may come from any sector and should have demonstrated standards of excellence and best practices. Over the years, the chapter has recognized some of Northern California's most respected leaders within our industry.  The award winners will be celebrated at a gala event on December 1, 2017.

Please click here to submit a nomination by April 28:

https://form.jotform.us/70817121544148



Request for New CoreNet NorCal Committee Members

Get more involved in CoreNet NorCal! One of the best ways to increase your involvement and really get to know other members of CoreNet NorCal is by joining a committee. The CoreNet committees create and organize the events, meetings, programs and publications that you enjoy. Committees you can join are: Young Leaders, Special Events, Programs, Membership, Communications, and Technology. All of our committees are looking for volunteers. If you are interested in joining a committee, please contact our administrative director, Michelle Lagos, at michelle.lagos@cbre.com or (415) 720-0366, and she will connect you with a committee.



Upcoming Chapter Events

Technologies Changing Corporate Real Estate

This three-part mini-series will explore the kaleidoscope of technologies already impacting our industry and how these innovations may affect our business models in the future. What are risks to being an early adopter and how do you differentiate the life changing technologies you must embrace from the others? 

April Chapter Meeting - Autonomous Vehicles and Their Impact on Corporate Real Estate

Thursday, April 20th

Oracle, Redwood Shores

Register now for Part Two - April Chapter Meeting!



15th Annual Golf Tournament

REGISTRATION

Foursome and tournament sponsorships are first made available to Northern California Annual Sponsors. Please see the schedule for registrations below. The registration period will launch at 10:00 am and sponsorships will be sold on a first-come, first-serve basis.

March 13 - March 26 - Platinum Sponsors

March 27 - April 9 - Gold Sponsors

April 10 - April 23 - Silver Sponsors

April 24 - April 30 - Women of CoreNet Sponsors

May 1 - any remaining foursomes or sponsorships will be made available to the general membership

Learn more here.

 

SPONSORSHIP ANNOUNCEMENT

It's not too late to become a NorCal CoreNet Annual Sponsor! Click here to view the 17-18 prospectus and contact CoreNet Office at 415-371-1734 for more information.

 



SAVE THE DATE: FRIDAY, DECEMBER 1st!

2017 CoreNet Global Northern California Chapter

Annual Corporate Real Estate Awards Gala

The Westin St. Francis, San Francisco