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.

Business Real Estate Mgmt, Economic aspects, Real estate management, Design and construction, Offices, Office buildings, BankAmerica Corp., International Development Research Council, BAC, Modular coordination (Architecture)

---

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.

Analysis, Management, Strategic alliances (Business)

---

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.

Johnson Controls Inc., JCI, Eastman Kodak Co., EK, Bank of America National Trust and Savings Association, CLW Realty Group

Similar abstracts:

• Abstracts: Best Practice Award: Ford Motor Land Services and Alliance 2000
• Abstracts: Cross-border raider. Lloyds Bank to put City island site up for sale. Bold bid wins prime site for London & Regional
• Abstracts: Return of the native. A man for all seasons. Designs on the future
• Abstracts: Light and dark. S&N idea on a roll
• Abstracts: Vermont's Bill Shouldice and Jack Moore: a David bests Goliaths in battle for $50 million Husky facility. part 2

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.