Best Practices Award: Bank of America
Article Abstract:
BankAmerica Corp. garnered the Best Practices Award for Real Estate Workplace due to its integration strategy and its use of modular office units to effect cost savings and efficiency in function. The company's corporate real estate unit embarked on a refocusing of its workplace to effect functionality and decrease costs associated with new office construction and office renovations. The company's use of modular office furnishings and building units allowed costs associated with office renovations and construction of branch offices to decrease, moving towards the company's goal of reducing costs by as much as $120 mil over five years.
Publication Name: Site Selection
Subject: Real estate industry
ISSN: 1080-7799
Year: 1997
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Service providers foresee more alliances
Article Abstract:
A survey commissioned by Site Selection magazine revealed that a growing number of service providers including real estate service providers are forming strategic alliances with their corporate clients. This trend, which was seen in some 75% of the survey respondents, is attributed to the improved results and substantial cost savings such alliances can bring. However, industry executives stress that strategic alliances should have clearly defined service objectives as well as incentives and commitments that are necessary for achieving those objectives.
Publication Name: Site Selection
Subject: Real estate industry
ISSN: 1080-7799
Year: 1996
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The best of best practices
Article Abstract:
The International Development Research Council gives out its Best Practices Award to recognize business organizations which have shown an exemplary ability to meet the different challenges confronting corporate real estate professionals today. The award recipients for 1996 were Bank of America, for both Workplace and Service Delivery, Kodak for Strategy, Johnson Controls for Decision Support, and the CLW Realty Group for Service Delivery. A brief overview of each company and their award-winning practices is presented.
Publication Name: Site Selection
Subject: Real estate industry
ISSN: 1080-7799
Year: 1996
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