{"id":1004058330,"date":"2013-01-30T09:33:43","date_gmt":"2013-01-30T17:33:43","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004058330"},"modified":"2025-02-24T01:50:50","modified_gmt":"2025-02-24T09:50:50","slug":"corporate-re-expert-rakesh-kishan-twitter-chats-with-cpe","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/corporate-re-expert-rakesh-kishan-twitter-chats-with-cpe\/","title":{"rendered":"Twitter Chat: Rakesh Kishan on Today&#8217;s Corporate Real Estate Strategies"},"content":{"rendered":"<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/01\/Rakesh_TwitterChat_transcript_Featured.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004066459\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/corporate-re-expert-rakesh-kishan-twitter-chats-with-cpe\/rakesh_twitterchat_transcript_featured\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/01\/Rakesh_TwitterChat_transcript_Featured.jpg\" data-orig-size=\"480,270\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Rakesh_TwitterChat_transcript_Featured\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/01\/Rakesh_TwitterChat_transcript_Featured.jpg?w=480\" class=\"alignright  wp-image-1004066459\" title=\"Rakesh_TwitterChat_transcript_Featured\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/01\/Rakesh_TwitterChat_transcript_Featured.jpg\" alt=\"\" width=\"269\" height=\"151\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/01\/Rakesh_TwitterChat_transcript_Featured.jpg 480w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/01\/Rakesh_TwitterChat_transcript_Featured.jpg?resize=300,169 300w\" sizes=\"auto, (max-width: 269px) 100vw, 269px\" \/><\/a>Rakesh Kishan, president &amp; executive managing director of real estate and facilities management consulting firm UMS Advisory, took some time out of his busy schedule to join us for a live chat on <em>CPE<\/em>&#8216;s Twitter page. \u00a0During the Q&amp;A (in Twitter style of 140 characters or less per tweet), he delved into the mindset of today\u2019s CFOs and revealed how post-recession business priorities are likely to impact corporate real estate strategies. He also offered useful advice on how to better serve corporate tenants and clients.<\/p>\n<p><strong><em>CPE:<\/em>\u00a0\u00a0What are the biggest changes you expect from corporations relative to their CRE strategies in 2013?<\/strong><\/p>\n<p><strong><em>Kishan<\/em>:\u00a0\u00a0<\/strong>In short, changes in structure, location, process and strategy to drive bottom line impact. This will mean changes in CRE organizations, their suppliers, technology and outsourcing choices.<\/p>\n<p><strong><em>CPE<\/em>:\u00a0What are CFOs\u2019 priorities as we emerge from the recession, and how is this impacting their CRE strategies?<\/strong><\/p>\n<p><em><strong><strong><em>Kishan<\/em><\/strong>:\u00a0<\/strong><\/em>CFOs want cost but have greater awareness of the need to balance against operational risk, realistic timelines and growth. In particular, reduction of waste, streamlined processes &amp; making tough business decisions on big CRE deals.\u00a0We will see more centralized CRE orgs, a premium on talent and CRE leaders who can drive flawless execution.<\/p>\n<p><strong><em>CPE:<\/em><\/strong>\u00a0<strong>How much will that change the CRE orgs?<\/strong><\/p>\n<p><em><strong><strong><em>Kishan<\/em><\/strong>:\u00a0\u00a0<\/strong><\/em>A lot: rebalancing of global vs. local decision, bolder CRE roles with higher talent and more non-core outsourcing.<\/p>\n<p><em><strong>CPE:<\/strong><\/em>\u00a0\u00a0<strong>So how far out do CFOs want to plan for RE needs? Are they planning more for the short, medium or long term?<\/strong><\/p>\n<p><strong><em><strong><em>Kishan<\/em><\/strong>:\u00a0\u00a0<\/em><\/strong>Real strong focus on x-divisional plans to avert downside risks and stranded costs (on a) 2-4 year horizon; varies by region.<\/p>\n<p><em><strong>CPE:\u00a0<\/strong><\/em><strong>What are their biggest challenges as it relates to their real estate?<\/strong><\/p>\n<p><strong><em><strong><em>Kishan<\/em><\/strong>:\u00a0<\/em><\/strong>Transform the workplace, drive RE plans x-divisionally, consolidate, jettison non-operating surplus, reposition CRE.<\/p>\n<p><em><strong>CPE<\/strong><\/em>:\u00a0<strong>What new responsibilities are corporations seeking from their service providers?\u00a0<\/strong><\/p>\n<p><strong><em><strong><em>Kishan<\/em><\/strong>:<\/em>\u00a0\u00a0<\/strong>Joint financial management, broader PM capability, more share of peripheral services, innovation, more ops control, more seamless services, third-generation solutions.<\/p>\n<p><em>For the Twitter Live Chat version, go to:\u00a0<a href=\"https:\/\/twitter.com\/search?q=cpechat&amp;src=typd\">https:\/\/twitter.com\/search?q=cpechat&amp;src=typd<\/a>\u00a0(#cpechat).<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rakesh Kishan, president &amp; executive managing director of real estate and facilities management consulting firm UMS Advisory, chatted with CPE on Twitter about corporations&#8217; post-recession priorities and outsourcing needs.<\/p>\n","protected":false},"author":952,"featured_media":1004066459,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21781,21808,22251,21742,21785],"tags":[],"class_list":["post-1004058330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-real-estate","category-featured","category-in-focus","category-latest","category-property-management"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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