insite
Spring 2015
New York City
Chapter
New York City Chapter of CoreNet Global/Newsletter
{
}
Cyber Security: CoreNet’s
Opportunity to Raise the Bar
Board of Directors
2015
Contents
Chairperson
Lou D’Avanzo
Vice Chairman, Cushman & Wakefield
President
Dan Fishbein
Vice President, CIT
3
Vice President
Chairperson’s Message
Feature Articles
4
Cyber Security: An Interview with
Former New York City Police
Commissioner, Ray Kelly
6-7
Tech Tips
8-10
Hacker Protection 101
11
New Members
12-13
Landmarked - The Federal Reserve
Bank of New York
14
Expert’s Corner
Past Events
15-19
Thank You Sponsors
23
Save The Date
Vice President,
American Express
Lou Nowikas
Vice President, Hearst
Kathy Winkler
2 Insite - Spring 2015
Dale Schlather
Vice Chairman,
Cushman & Wakefield
Paul Darrah
Director of Development,
Building and Land Technology
Barry Alton
Managing Director, Jeffries & Company, Inc.
Jody Brown
Senior Director, Thomson Reuters
Special Interest Groups
Saeid Garebaglow
Vice President, Faithful + Gould
“The ACE Student
presentations were a wonderful
experience. It was fascinating to see what
these fresh minds are capable of producing. I
was really blown away by the amount of work
and insight the students brought forth. I am
glad I could be a part of it!”
Lee Sewell, Designer,
STUDIOS Architecture
2015 CoreNet Global NYC Advisors
Pay Wu
Communities
Programs
CoreNet NYC
22
Dino Piccini
Senior Vice President, DTZ
Lee Kosmac
Chief of Staff, Newmark Grubb Knight Frank
Event Recap
Sponsor Highlights
Treasurer
Secretary
20 Lauren Nanna
Director of Global Administration,
General Atlantic
Marcus Rayner
Cresa
Jason Aster
Vice President,
KBA Lease Services
Chairperson’s Message:
T
hankfully summer
has finally arrived!
It is hard to believe
that we are halfway
through 2015 already. But time flies when you are having fun…
and success. The NYC Chapter has had a great
first half with some of the best events in Chapter
history. The members-only New Year’s party
at the newly renovated Rainbow room had in
excess of 300 people in attendance and was a
fun way to start 2015. Our Workshop and Programs committees have hosted some very informative sessions including Enhance Your Competitive Edge featuring speaker Dr. Modupe
Akinola, Assistant Professor of Management at
Columbia Business School; Negotiation Skills
with renowned Columbia Business School Professor, Dr. Robert Bontempo; and Perspectives
on Manhattan West, fostering two key objectives of our chapter: education and networking.
Once again our special events committee put
together a spectacular event at the Museum or
Natural history with nearly 1,000 people in attendance. And we are just getting started!
Membership
Jonathan Coun
Interpublic Group
Sponsorship
Ted Moudis, AIA
Senior Principal, Ted Moudis Associates
Workshops
Sheena Gohil
Colliers International
External Relations
Cindy Quan
Vice President, Goldman Sachs
Special Events
Mindy Williams
Vice President, L&K Partners
Upcoming events include the annual golf outing, at which this year we will be sponsoring
a great charity in the ACE Mentor Program –
keep an eye out for additional information on
this worthwhile cause. On July 22nd, we will
have our annual meeting, where we will announce our chapter nominees and winners for
CRE, Service Provider and Project of the Year
honors. This year’s “Big Speaker” event will
feature Daymond John from Shark Tank – further details to follow. These are just a few of
the upcoming activities and programs that
our committees are providing to members.
Please make sure to take advantage of these
great learning and networking opportunities.
And finally our Newsletter committee, has put
together another fantastic issue which highlights
a growing concern for all individuals and corporations alike – cyber security. Learn how to
better protect yourself and your company from
this growing plague from experts such as former
New York City Police Commissioner Ray Kelly.
So enjoy this latest issue of insite and have a fun
and safe summer. We look forward to seeing
you at the next NYC CoreNet Chapter event.
Best regards,
Lou
Lou D’Avanzo
Chairperson
Newsletter Committee Members
Alexandra Betesh
KBA Lease Services /
Visual Lease
Carlie Hozza
Innovant
Lee Kosmac
Newmark Grubb Knight
Frank
Marlene Manzella
Consolidated Carpet
New York
Gustavo Mazza
Milrose Consultants
Lauren Nanna
General Atlantic
Kevin C. Poulin
Simpson Gumpertz & Heger
Thomas P. Reilly
Federal Reserve Bank of
New York
Maureen Welch
CREate the Solution
Sonya Verny
BDO, USA LLP
Insite - Spring 2015
3
Cover Article
Cyber Security: An Interview
with Former New York City Police
Commissioner, Ray Kelly.
In the dynamic environment of cyber security, companies
need to be proactive, rather than reactive.
R
ecently, we had
the opportunity
to discuss cyber
security with an
expert, former
New York City
Police Commissioner Ray Kelly, who is president of
Cushman & Wakefield’s Risk Management Services. Once the city’s
longest-serving police commissioner,
having served two terms under different mayors, David Dinkins and Michael Bloomberg, he now heads the
first comprehensive risk management
service of its kind in the real estate
industry.
Mr. Kelly’s tenure as Police Commissioner included the follow-up to 9/11
and Hurricane Sandy. He has served
as a consultant and commentator to
ABC News on law enforcement issues,
and he is currently writing a book
about his decades of public service.
During his first term as NYC Police
Commissioner (1992-1994), cyber security was “barely a blip on the radar
screen,” according to Mr. Kelly. The
NYPD had rudimentary computer
systems and few investigators who
were tech savvy. His second term as
Commissioner (2002-2013) saw a
sea change in the importance of cyber security. As the NYPD itself became more sophisticated in its use of
technology, it became a bigger target
for cyber-attacks. The department
logged tens of thousands of intrusion
attempts each day.
“We also needed to develop investigative expertise in order to respond to
the escalating number and types of
cyber-crimes,” said Mr. Kelly. Today,
cyber-threats come from many directions: state actors, criminal groups,
corporate espionage, terrorists and
hacktivists. The risks for corporations are enormous. A sophisticated
cyber-attack can result in crippling financial losses, extensive legal liability
4 Insite - Spring 2015
and long-lasting reputational damage.
For the real estate industry, the loss
of confidential client data is probably
the dominant cyber- risk. Other professional and financial services firms
face similar risks. “Trust is a key element of our client relationships,” said
Mr. Kelly. “If sensitive client data is
compromised, that trust is also compromised.”
Boards have come to realize the significance of these risks and of their
potential liability if they fail to take
prudent measures for data protection.
One way for boards to mitigate their
risk is to commission independent
risk assessments by qualified outside
experts.
Security breaches at corporations like
Sony, JPMorgan Chase, Home Depot,
and Target, sent shock waves through
the American psyche. Mr. Kelly pointed to lessons learned from these high
profile breaches. “One key lesson is
that cyber security is about more than
the protection of your own network,”
he said. Major vulnerabilities can exist through the way networks connect
with vendors and other third party
providers. “A small plumbing company’s computer system may not seem
like much of a target,” said Mr. Kelly,
“but if it links to your system, its importance has increased exponentially.” The data security chain is only as
strong as its weakest link.
And the perpetrators are everywhere.
“We see large numbers of attacks
coming from China, Russia and Eastern Europe, Brazil, Nigeria and Vietnam,” said Mr. Kelly. In most cases,
apprehending suspects in these countries is unrealistic. Robust defenses
and a well-trained workforce present
a better option. Social engineering remains a productive option for cyber
criminals. When one of your employees clicks on a suspect attachment in
a phishing campaign and malware is
installed, your investment in network
defenses has been undermined.
Staying ahead of security as real
estate firms expand globally is another challenge, though Mr. Kelly
doesn’t believe that cyber-risks will
derail global expansion. “Certainly
there are some countries that present
challenging cyber-environments for
business, but it would be a rare case
where firms decide to take a pass on
growth opportunities,” he said. The
solution according to Mr. Kelly lies
in conducting comprehensive risk
assessments in advance of expansion
and adopting reasonable mitigation
measures that can pave the way to
successful growth.
The risks of intellectual property
theft can be reduced significantly by
requiring a careful risk assessment of
both physical security and information security. “Effective access control
measures for office spaces need to be
coupled with policies and procedures
designed to make employees aware of
their obligation to safeguard sensitive
information,” Mr. Kelly said. “Matters of convenience (e.g. use of thumb
drives and laptops with remote access) need to be weighed against their
vulnerability to loss or theft. Terminated employees sometimes pose a
threat to a firm’s intellectual property if they are able to download and
export large amounts of data before
their departure. Once risks are identified, prudent mitigation measures
should be put in place.”
Insite - Spring 2015
5
Going forward,
improving security requires private companies to
share intelligence,
information on
best practices and
join together with
government partners in various security initiatives.
That’s why, as Police Commissioner, Mr. Kelly established the Lower
Manhattan Security Initiative. LMSI
brings security personnel from Wall
Street area firms together with NYPD
counterterrorism officers in an area
coordination center designed to share
information and monitor conditions.
Similarly, he began the NYPD Shield
organization that brings private security leaders together with the NYPD
in a detailed information and intelligence sharing forum. The Real Estate
ISAC (Information Sharing and Analysis Center) is an excellent platform
for disseminating important security
information and often uses NYPD
Shield as a source.
“CoreNet is an ideal forum for commercial real estate professionals to collaborate on security best practices. As
the leading professional organization
in the field, it has the credibility and
reach to make a real difference in raising the bar on security standards and
practices,” Mr. Kelly said.
Commissioner Raymond W. Kelly is
President of Risk Management Services at Cushman & Wakefield, where
he focuses on helping clients identify
potential vulnerabilities, as well as
prepare for and manage risk across
a number of critical areas. These include physical and cyber security intelligence, crisis management, due
diligence/site selection, and emergency
preparedness.
6 Insite - Spring 2015
Tech Tips
By Sonya Verny from BDO, USA LLP and Carlie Hozza from
Innovant, Newsletter Committee Members
Technology is a part of our everyday life. Whether we
are sending an email, making a phone call or playing
Candy Crush on the train, our technology is a constant
presence in our day-to-day activities. By now you know
that the Nigerian Prince emailing you is a scam, but
did you know you can make your information
vulnerable by responding to a text or returning a call?
The following tips are for protecting your private
information while using technology.
Device Safety
• Always have password protection for your devices. Finger recognition is best, but
PINs and swiped patterns are also options. Remember that it is possible to read
PINs and swipes through phone smudges (grease patterns left by your fingers on
the screen). Also, enable an automatic lock for when you haven’t used your device
for a few minutes.
• Understand your device’s privacy and security settings and which programs have
access to your information. Data from the sites you visit, or even your location, can
be included in the information you are allowing.
• Not sure who sent you that text? Err on the side of caution and ignore it. Spam
and phishing through text is becoming more prevalent.
• Always keep your device software updated. System updates fix bugs and patch
security gaps.
• Only download apps from reputable developers and check the comment section
for positive reviews. Malware can be installed through apps, but it is less likely
when coming from well-known sources.
• Back up your information frequently. Understand that backup systems, like
iCloud, can do this automatically. However it also may back up information and
images that you’d rather not.
Internet Safety
• Turn off Wi-Fi and Bluetooth when not in use (bonus, it extends battery life).
• Avoid submitting personal information over public Wi-Fi. Public Wi-Fi is not as
secure, and people can capture your information.
• Remember that an email can last forever. The Sony security breech not only compromised employees’ identity, it also revealed offensive emails from executives. Think
twice before sending emails that speak ill of others; it could come back to haunt you.
• Sites with and https:// have increased security compared to
http://
• Beware of links and attachments. Do not open unless you
know what they are, or were expecting specific information.
Viruses spread by messaging the infected user’s contacts. Be
cautious of short emails that include links or attachments.
If someone hasn’t used your name and hasn’t signed it with
their signature, the email might contain a virus.
• Encrypt sensitive data. File encryption is easier now
than ever, with free software available through Microsoft
Windows and Apple Mac OSX.
Social
Media
Safety
a public persona as a blogger or expert, create an open profile or a “fan” page that encourages broad participation and
limits personal information. Use your personal profile to keep
your real friends (the ones you know and trust) in touch with
your daily life.
• Be honest if you’re uncomfortable. If a friend posts something about you that makes you uncomfortable or is inappropriate, let them know. Likewise, stay open-minded if a friend
approaches you because something you’ve posted makes him
or her uncomfortable. People have different tolerances for
how much the world knows about them. Respect those differences.
• Know what action to take. If someone is harassing or
threatening you, remove them from your friends list, block
them, and report them to the site administrator.
• Privacy and security settings exist for a reason.
Learn about and use the privacy and security settings on
social networks. They help
you control who sees what
you post and manage your
online experience in a positive way.
• Protect your reputation on
social networks. What you post online stays online. Think
twice before posting pictures you wouldn’t want your parents
or future employers to see. Recent research found that 70%
of job recruiters rejected candidates based on information
they found online.
•Your online reputation can be a good thing: Research also
found that recruiters respond to a strong, positive personal
brand online. So show your smarts, thoughtfulness, and mastery of the environment.
•Keep personal info personal. Be cautious about the personal information you provide on social networking sites. The
more information you post, such as complete date of birth or
address, the easier it may be for someone to steal your identity, access your data, or commit other crimes such as stalking.
• Know and manage your friends. Social networks can be
used for a variety of purposes. Some of the fun is creating
a large pool of friends from many aspects of your life. That
doesn’t mean all friends are created equal. Use tools to manage the information you share with friends in different groups
or even have multiple online pages. If you’re trying to create
Protect
Yourself
with these
Stop. Think.
Connect.
Tips:
• Own your online presence. When applicable,
set the privacy and security settings on websites
to your comfort level for
information sharing. It’s
ok to limit how you share
information.
• Make passwords long
and strong. Combine capital and lowercase letters with numbers and symbols to create a more secure password.
• Unique account, unique password. Use separate passwords
for every account helps to thwart cybercriminals.
• Post only about others as you have them post about you.
Insite - Spring 2015
7
Corporate Leader Interview
Hacker
Protection
101
By Alexandra Betesh,
KBA Lease Services,
Newsletter Committee Member
8 Insite - Spring 2015
H
ow safe are we from
hackers? Will the next
breach occur in our industry?
What about
our personal information, is it safe
on the web? New cyber threats are
constantly emerging as technology
changes at an incredibly rapid pace.
Can the experts protect us?
“Everyone has their
own definition of cyber
security” says Adam
Roth, the VP of Technology at a New York
City-based networked
technology and systems
integrator called Virsig.
To Roth, it’s “securing
the connections that
lead to your virtual world.” Since he
was a kid, Roth has been fascinated
by security. He was glued to movies
like War Games, in which a whiz kid
hacks his way into the government
computer systems and accidentally starts a war.” Now with over 30
years of experience, Roth is an expert
in physical and cyber security. He
holds licenses in armed and unarmed
security, and has over 50 individual
certifications.
But, the risks are compounding.
Roth explains, “Over the past 15
years, more people have access to the
internet than ever before. The pipes
or bandwidths are larger, and it is
easier to have anonymity as a hacker.” With the ubiquity of mobile devices, people make less
of an effort to secure
their smart phones than
they do their computers.
Roth asks, “Do you lock
your cell phone? A lot of
people don’t.” A hacker
can send you a malicious email containing
a link that accesses your
mobile device and exposes your personal information. Massive amounts
of data can be stolen relatively easily.
With a fake account and coffee-shop
internet, a hacker becomes anonymous.
As a cyber-security expert, Roth
categorizes both the major types of
hacking and their underlying motivations. Generally, hacking consists of
breaking into servers or workstations,
breaking through network devices (firewall
switches and routers),
or sending out malicious code. Some of
this code, often known
as ‘kiddie scripts’, can
be purchased relatively easily on the black
market. It leaves vulnerabilities open to
exploitation and lets any regular person become a hacker. To combat the
cyber criminals, it is important to try
to understand how they think. Their
motivations behind hacking can typically be categorized as:
White Hat
Hacker –
Someone who wants to
show a big organization
that they are not 100%
safe. Usually a white hat
hacker will directly communicate with an organization, and
will, in some cases, be commissioned
to identify the organization’s infrastructure weaknesses.
Grey Hat
Hacker –
Someone who wants to
prove something. They often times can do damage to
a network.
Black Hat Hacker –
Someone who hacks with malevolent
intent. These people can hold data
for ransom, or they can be politically
motivated. Governments employ this
type of hacking as a part of warfare.
Can cyber-security firms adequately
protect against these threats? Roth
opines, “Cyber security companies
have more limitations on them, as
they have to act within the bounds
of the laws. They have to be worried
about the consequences on their actions.” Conversely, a lot of money has
been spent by large organizations to
hire some of the best hackers in the
world and convert them into employees. These organizations use the
knowledge of these hackers-for-hire
to protect themselves. To Roth, cyber security includes both elements of
physical security, which limits access
to hardware (like modems or servers)
that connects to your network, as well
as online security, which prevents
people from exploiting the internet.
As a first step, you should
protect your basic data
from being collected. A
hacker must start with
a piece of information
about you or your organization. Hackers need a
target system, a target IP,
a person to exploit. “It is
imperative that companies everywhere invest in educating
their employees so that they know
how to secure their data,” Roth says.
For example, someone may call an
administrative assistant, attempting
to collect a name or email address.
Although they may only give out their
own email, a hacker, who can access
the administrative assistant’s system,
effectively gains access to the boss’s
information as well. Companies
should mandate that their administrative assistants collect the name and
information of the caller. As a general
Insite - Spring 2015
9
WELCOME NEW MEMBERS
Corporate Leader Interview (continued)
rule, do not give out private information.
For hardware investments, companies should buy the right
equipment for the right
reasons. Roth warns, “You do
not always need the most expensive
and sophisticated system available.
If you do not know how to secure a
very sophisticated system, you will
leave holes open and not even realize
it.” For example, many people use
a Universal Plug and Play (UPnP)
router, without realizing that it actually puts your data on the internet,
making your computer accessible and
vulnerable. Research the right device.
Spend your money wisely. Do not buy
an incredibly powerful server when
you do not need it.”
Firms should employ
antivirus, anti-malware, and
patch management on
end-user devices. Many
companies continue to use legacy
software or hardware, and security
patches are used to protect these
relatively antiquated devices from
new methods of sabotage. Roth
advises, “As a best practice, when
an operating system is retired, you
should stop using it. If you have a
lot of custom code written on these
servers, then find the right security
patches for your operating system.
There are plenty of organizations that
can tell you which patches are good
and which are bad.” For example, if
you have an older iPhone and you are
being asked to upgrade the operating
system on it, sometimes it may cause
unanticipated problems. Sometimes,
the new operating system may cause
a quicker drain on your battery. This
is an example of a poor patch management for a legacy device.
sig since inception, only a few years
ago. Virsig was started by 4 incredibly
diverse and experienced individuals –
one of whom is a former U.S. Navy
SEAL. These individuals built an organization that is unique, leveraging
their incredible backgrounds to consult for the government and Fortune
500 companies alike. They help their
clients monitor and secure their network and teach best practices on how
to keep their data secure. Virsig integrates both physical security and logical security where appropriate, keeping their clients’ data safe and secure
so that they can have peace of mind.
Finally, if
something is not
working properly, do
not assume that it has
been hacked. Disconnect the
server and observe its behavior offline. Seek a professional to evaluate
what happened. A hacker wants to
get in, get your information, cover
their tracks, and get out. If you think
something was hacked, don’t get
overwhelmed. Find the right people
for the task.
Adam Roth has been working for Vir-
Please continue to check CoreNet NYC website’s
event tab for more information on upcoming events.
Join us for a day of networking
and friendship on the links.
Mark your calendars for the
CoreNet Annual Golf outing on
Monday, July 13th!
10 Insite - Spring 2015
Jenya
Adler
Business Interiors by Staples
Frederick
Marek
Daniel
Ahn
BAM Architecture Studio
Bruno
Marmo
Sarah
Back
Henricksen
Osborne
Martin
Verizon Communictions, Inc.
Matthew
Barhydt
Acheson Doyle Partners Architects
Bob
McCann
Cushman & Wakefield
Julia
Barnes
Patcraft Commercial Flooring
Janal
Montagna
Maxons Restorations
Emma
Belcher
Mace North America Ltd
Alexis
Murphy
Move Plan Group
Julia
Belkin
Marshall
O'Moore
Savills Studley
Anthony
Bisignano
JP Morgan Chase
Don
Parenta
IVCI
Yuliana
Bravo
Allran Electric NY
John
Pember
B&B Contracting Group, LLC
Samantha
Castellano
Lane Office
Jason
Perillo
Trinity Building and Construction
William
Chevrier
Nestle-Nespresso USA
Alanna
Phillips
Thomson Reuters
Ross
Cole
BAM Architecture Studio
Aurelie
Pillot
M Moser
Zachary
Conley
Cresa Albany
James
Pitchley
SBFI - North America
Michael
Crisci
Labrador Technology, Inc.
Paul
Potak
Innovant
Wade
Cruickshanks
CitiGroup
Heather
Reihs
DTZ
Jennifer
DaSilva
CBRE
Thomas
Rogan
Christopher
Devine
Cushman & Wakefield
Bill
Ryan
Teknion Corp
Brendan
Donelan
Scott
Schneider
Tarter Krinsky & Drogin LLP
David
Eisenberg
Richard
Scott
Jim
Fenimore
Brian
Scruton
Cushman & Wakefield
Danielle
Gazdik
Jeffrey
Shoener
Blackstone, LLC
Arina
Gerasimova
Mace Macro the Americas
Andrew
Solane
Emtec Consulting Engineers
Kristi
Gottlieb
Architectural Flooring Resource
Kent
Tarrach
Brookfield Office Properties
Beatriz
Gutierrez
State of CT Dept. Of Economic & Community Develop.
Craig
Thomas
VVA, LLC
Richard
Hayes
Mace Macro the Americas
Jeff
Thompson
Adam
Hirsch
Cushman & Wakefield
Patrick
Tobin
OFS Brands
Alan
Howard
Knoll
Wesley
Vice
Allsteel
Dennis
Ingenito
MDC Wall Finishes
Terrence
Vogenberger
Jeremy
Libby
Bridgewater Associates, LP
Lina
Yateem
Ed
Mandrin
KAHN Architecture & Design, PC
Donna
Zimmer
Anthony
Manginelli
CBRE
Office Solution Group, LLC
The Vortex Group, LLC
CORT Workplace Solutions
Insite - Spring 2015 11
Landmarked – Federal
Reserve Bank of New York
L
ocated between the steel and
glass skyscrapers of Manhattan’s financial district,
the 22-story Federal Reserve
Bank of New York (New York Fed)
is distinctive for its palazzo design,
reminiscent of the Italian Renaissance period. The building, completed in 1924, was designed to express
strength, stability and security and to
inspire confidence in the newly created Federal Reserve System. Ninety
years later, the limestone and sandstone headquarters of the New York
Fed remains an imposing and stunning architectural feat.
By Thomas Reilly –
Newsletter Committee Member
Design
The building was designed by York
and Swayer, which won a competition
against six competing firms in 1921.
Though architecturally out of sync
with its time, Philip Sawyer’s design
was commended for its simplicity,
economy, and restraint. His design
popularized an architectural style for
banks that was repeated throughout
the country.
Following the architectural competition, Samuel Yellin, an ambitious and
talented metal worker, approached
York and Sawyer with sketches of ornamental, but functional, ironwork to
complement their conservative concept. The architects accepted the Polish-American artisan’s bid. Although
Yellin was proficient in several styles,
the designer employed an Italian technique consistent with the concept of
the principal architect, Philip Sawyer.
Many of Sawyer’s ideas were borrowed from Florentine palaces that
12 Insite - Spring 2015
had influenced him while studying in
Italy. Specifically, the New York Fed’s
monumental size suggests the Pitti
Palazzo, while the structure’s façade
molding recalls the Vecchio Palazzo,
and the building’s stonework, arches
and ironwork reflect the Strozzi Palazzo.
commission drew attention to the
grand entrance hall, vaulted ceilings,
stone walls and ornamental ironwork
in the public spaces of the Bank.
By mid-1923, the stone façade was
in place. Though the period favored
structures of uniform color, Sawyer
elected to employ a multi-colored
stone façade, which combined sections of Indiana limestone with those
of Ohio sandstone. Sawyer’s reasoned
that such a polychromatic facing
would lend character to the building’s Renaissance style and break up
the monotony of its walls, which are
basically void of ornamentation. The
decision was also economical as odd
lots of unmatched stone were purchased for the job at a substantial discount. When completed in 1924, the
New York Fed was the largest bank
structure in the world, filling almost
the entire block.
Recently, the New York Fed undertook a multi-year effort to restore and
modernize the building, the first major renovation since the 1930s. The
restoration provided necessary upgrades to the building infrastructure,
addressed safety concerns (including
asbestos abatement, fire alarm and
sprinkler enhancements and ventilation systems), and upgraded the building’s technology and electrical systems
to ensure proper modern-day bank
business and operational efficiency.
Landmark Status
The building was designated a New
York City Landmark in 1965, and
was listed on the State and National
Registry of Historic Places in 1980.
Its beautiful rusticated ashlar facade
with alternating blocks of limestone
and sandstone is unique in New York
City, and its monumentality and solidity, combined with architectural
detail, convey an air of permanence
and strength. Besides making note of
its impressive external architectural
design and ornamental features, the
Restoration:
The floor-by-floor modernization process was aimed at making the building more functional, safe and flexible. The floors were reconfigured and
upgraded to include new electrical,
telecommunication, data, cable, fire
alarm, sprinkler, elevator, air conditioning and ventilation systems, some
of which were necessary improvements from the antiquated systems
that dated from the 1930s. However,
throughout the process, the project
team attempted to retain as much of
the original design as possible. Existing lighting fixtures and rare artwork, original to the building, were
removed, refurbished, and reinstalled.
Also, in an effort to balance historic
preservation with modernized and environmentally-friendly facilities, the
New York Fed restored existing wood
doors, paneling, and trim work.
Insite - Spring 2015 13
Expert’s Corner Q & A
Q: “Mixed use” has generally meant that a
building or site could have
different uses, but these uses were
segregated.
With projects like FIRST BUILD, in which
the lab, retail, and manufacturing are co-located, and artists live/work space, what is
the proper term for these places that are
“multi use” in the same space?
For example, the NYC Zoning Resolution generally prohibits residential uses in manufacturing areas with very limited
exceptions, such as. “joint live-work quarters for artists”.
A “multi-use” space would have to comply with these district regulations as well as any special district / sub-district
requirements relating to permitted uses and their location
on the lot.
In addition to satisfying the district’s zoning requirements,
the designer must also determine whether the different
occupancies must be separated by fire-resistant construc-
Event Recap
Embracing Change: Communication
Strategies in Turbulent Times
O
n Thursday, February
26, 2015, the Women’s
Community hosted an
interactive event called
Embracing
Change:
Communication Strategies for Corporate
Real Estate Professionals (CRES) in Turbulent Times. Speaker Robert J. Bies, who
presented at “standing room only” sessions
at the CoreNet Summit in DC in October
2014, guided attendees through an exercise
that focused on “storytelling” to energize
people, to help achieve their organization’s
mission, and enable them to communicate
effectively with C-suite and all levels of
staff to influence change. Dr. Bies helped
participants learn effective leadership skills
to position themselves for success by emphasizing that buy-in will help build their
own “brand” as an influential CRE.
Young Leaders Hosted a Meet & Greet at STK Midtown
T
he CoreNet Young Leaders hosted their 2015 Annual Meet
& Greet at STK on Tuesday, March 3, 2015. The special
evening was designed to introduce prospective members to
the chapter’s programs and initiatives and to connect young
professionals in the corporate real estate community. Over 100 people attended this sold out event with each Young Leader member bringing a prospective member 35 years old or younger.
A: In a “traditional” linear approach to office mixed use
office allocation, the approach was generally to sequester
the uses within certain areas of the building. However, it
would behoove the perspective occupant or design applicant
to view the question of mixed use more holistically.
In order to realize a design with a flowing “multi-use”
space, the architect must comply with two distinct regulatory constraints:
1) Identifying lawful and compatible uses within the space,
and
2) Providing for adequate life and fire safety.
The zoning district will dictate the specific uses that are permitted as-of-right on a given lot.
14 Insite - Spring 2015
tion. Uses with varying levels of risk must be separated by
fire-rated partition and floor assemblies. Under most building codes, high or moderate hazard groups must generally
be separated from low hazard occupancies. So tenants with
certain factory and storage uses will have limited application of an “open plan” solution. However, the NYC Building Code does provide an exception for “accessory occupancies” that are ancillary to the main occupancy and need
not be separated as long as these spaces do not exceed 10
percent of the area of the floor.
As each state has subtle variations and nuances in their approach to mixed use codes, one should always confirm with
the respective state building department for their code and it
is highly recommended to review the language with a qualified consultant to ensure compliance.
Enhance Your Competitive Edge
with Dr. Modupe Akinola
T
he CoreNet NYC Programs
Committee hosted Power and Influence: Enhance
Your Competitive Edge featuring speaker Dr. Modupe
Akinola Assistant Professor of Management, Columbia Business School. Dr.
Akinola’s presentation showed attendees
the latest behavioral research about maximizing your influence within the C-Suite
and demonstrated the most effective ways
to ensure that stakeholders and clients buy
into their CRE vision, strategy, and goals.
Perspectives
on Manhattan
West
O
n Tuesday, May 12, 2015,
The Workshop Committee of CoreNet NYC and
Brookfield
Properties
hosted an exclusive look
into the Manhattan West development and
the future of the west side of Manhattan.
Insite - Spring 2015 15
CoreNet NYC Annual Dinner- Sold Out Yet Again!
T
he New York City Chapter of
CoreNet Global hosted its soldout 2015 Annual Dinner at The
American Museum of Natural History on Thursday, April 16, 2015.
CoreNet NYC was joined by nearly 1,000
corporate real estate industry leaders for
the Dinner which featured record-breaking attendance from leading landlords,
corporate tenants and service firms. Lou
D’Avanzo, Chair of Corenet NYC and
Vice Chairman of Cushman & Wakefield
welcomed attendees and summarized the
chapter’s achievements and key initiatives
for the past year before dinner was served
underneath the renowned, 94-foot-long
blue whale model in the Milstein Family
Hall of Ocean Life
As appeared in...
16 Insite - Spring 2015
Insite - Spring 2015 17
Event Recap
Negotiation Skills with Renowned Young Leaders
Columbia Business School
of CoreNet NYC
Professor, Dr. Robert Bontempo
Hosted a Sold-Out
n Tuesday, April 28,
Facebook Tour
2015, CoreNet NYC
O
members attended a special seminar with Dr.
Robert Bontempo, a Faculty of Executive Education and Adjunct
Professor of Management at Columbia
Business School. Dr. Bontempo is an expert on negotiation and decision-making
strategies, and his presentation focused
on leveraging emotional intelligence (EQ)
and the psychological aspects that surround negotiation. Attendees took away
a better understanding of how to “level
set” negotiating behaviors and reactions
to influence a diverse set of stake holders. “There’s a persistent set of outcomes,
regardless of human interaction,” stated
T
he Young Leaders of CoreNet NYC
hosted an exclusive guided tour of
Facebook’s New York City office
on Tuesday, May 5, 2015. The sold-out
tour highlighted how real estate, design,
and workplace strategy impacts employee
culture and productivity at Facebook.
Mr. Bontempo as he presented the possible outcomes of a negotiation. He then
emphasized the importance of the ability
to take perspective, stating, “[It’s a] simple, teachable skill of gathering information to accurately predict what the other
person wants.”
T
New
Member
Reception
he CoreNet NYC membership committee hosted their annual New
Member Welcome Reception at
MBWW on Thursday, April 23, 2015.
The event was attended by Board members
and committee representatives and new
members, who joined the Chapter in the
past year. Through a brief presentation,
Membership Committee Chair, Jonathan
Coun, shared an overview of the NYC
Chapter, and of CoreNet Global, and he
also described various benefits of membership and ways to get involved.
The Women of CoreNet
NYC Hosted Its
Second Annual
Mentor Graduation
18 Insite - Spring 2015
M
entees and mentors of the CoreNet
Women’s Community Mentorship
Program gathered on Wednesday,
April 8, 2015 to present awards and to celebrate
the graduation of this year’s mentees. The meeting which marked the conclusion of the second
year of the mentoring program, and invited all
participants to share their experiences.
Event Recap
The ACE Mentor Student Presentation
Kickoff a Huge Success!
C
oreNet NYC announced in
May that our charitable partner for the 2015 Golf Outing
is the ACE Mentor Program.
CoreNet NYC Chapter members and
sponsors joined as guests and jurors at
this year’s kickoff of ACE Mentor highschool presentations on Tuesday, May 18,
2015 at the New York University Kimmel
Center. Over 100 guests packed the room
and listened to the students present design
projects in fields such as architecture, construction and engineering in which they
were mentored by industry professionals.
See what some participants had
to say about this experience:
“As a long-standing member of CoreNet NYC, I was happy to see
that the Chapter was participating more with this year’s charitable
partner. I was personally touched and impressed by the level of
detail to which each student presented and how they handled the
questions we threw at them. In some instances, the topics were so
well covered we had very little to come up with to ask as follow
up questions. I thoroughly enjoyed being a part of it and hope
to participate again soon.”
Thomas O’Halloran,
Vice President,
Structure Tone
“The ACE Student presentations were a wonderful experience. It was fascinating to see what
these fresh minds are capable of producing. I
was really blown away by the amount of work
and insight the students brought forth. I am
glad I could be a part of it!”
Lee Sewell, Designer,
STUDIOS Architecture
“As the Chair of the CoreNet Golf Outing, I was very excited to
have the opportunity to not only learn more about our charitable
partner, but to participate in one of their design presentations
as a juror. I was incredibly impressed by how knowledgeable
each team was with regards to the Architectural, Construction
and Engineering process. The teams were very creative in their
design concepts and articulately outlined the process from conception to completion. I believe every juror was impressed with the
level of consideration the teams took with their respective projects
and were hard pressed to come up with questions that were
not already covered in the presentations. Overall, it was a great
experience and I’ve walked away knowing that we are partnering with a worthy and relevant organization that helps inspire
our industry’s future leaders.”
Mindy Williams,
Vice President,
L&K Partners, Inc
Insite - Spring 2015 19
Sponsor Highlights
Sponsor Highlights
P L AT I N U M
Lane Office / DIRTT
DTZ
Sustainable Spaces. Sustainable Relationships. We Build Both.
Learning Sponsor
Charles Lane opened Lane Scientific Equipment with a vision in 1922, but even he had no idea what the company would become.
His pioneering spirit still drives us. CEO and principal owner, Gregory F. Burke, joined in 1982 as a member of the sales team and
became president and principal owner in 1995, growing the business from $5 million in annual sales to $80 million. Today, under
the leadership of Burke, we’re not only New York’s preeminent Knoll distributor, but we also use science in ways our founder could
have never dreamed. As the exclusive NYC partner for DIRTT (Doing It Right This Time), for example, we use powerful 3D software to design and demonstrate prefabricated modular construction in real time. We look at how your people work together most
efficiently. We help our clients make every interior space decision, from workflow to layout to fit and finish. Whether the need is a
single chair or a million square feet in the World Trade Center, Lane Office helps clients work in spaces that are works of art, as
beautiful as they are functional.
Newmark Grubb Knight Frank
As part of BGC Partners, Inc., Newmark Grubb Knight Frank (NGKF) is one of the world’s leading commercial real estate advisory firms. We provide a fully integrated platform of services to prominent multinational corporations and institutional investors
across the globe, as well as to occupiers, owners and developers of real estate on a local, regional and national level. Together with
London-based partner Knight Frank and independently-owned offices, NGKF’s 12,000 professionals operate from more than 330
offices in established and emerging property markets on six continents. For further information, visit www.ngkf.com.
Ted Moudis Associates
Ted Moudis Associates (TMA) designs corporate and retail interiors that provide sustainable environments and flexible
workplace solutions built for longevity, productivity, and enjoyment. Founded in 1990 by Senior Principal Ted Moudis, AIA, the firm is headquartered in New York City.
In 2015, TMA received Awards for Excellence for Distinguished Associate Corporation and Design & Construction of a New
Facility for the Gemological Institute of America by International Facilities Management Association (IFMA) New York City. TMA has been
a CoreNet NYC Platinum Sponsor for 12 years. Ted Moudis serves on the executive NYC chapter board and leads the sponsorship committee.
DTZ is a global leader in commercial real estate services
providing occupiers, tenants and investors around the
world with a full spectrum of property solutions. The
company’s core capabilities include agency leasing, tenant
representation, corporate and global occupier services,
property management, facilities management, facility services, capital markets, investment and asset management,
valuation, research, consulting, and project and development management. DTZ provides property management
for 1.9 billion square feet, or171 million square meters,
and facilities management for 1.3 billion square feet, or
124 million square meters. The company completed $63
billion in transaction volume globally in 2014 on behalf of institutional, corporate, government and private
clients. Headquartered in Chicago, DTZ has more than 28,000employees who operate across more than 260
offices in 50 countries and represent the company’s culture of excellence, client advocacy, integrity and collaboration.
DTZ announced an agreement to merge with Cushman & Wakefield in a May 11 press release. The new company, which will operate under the Cushman & Wakefield brand, will have revenues over $5.5 billion, over
43,000 employees and will manage more than 4 billion square feet globally on behalf of institutional, corporate
and private clients. The agreement is subject to customary closing conditions and is expected to close before the
end of 2015. For further information, visit: www.dtz.com or follow us on Twitter @DTZ.
MovePlan
MovePlan helps organizations to maintain business continuity throughout any kind of move or change. Our mantra is zero downtime.
Move and change management, space utilization, filing and storage review are our core services, coupled with tailored communications and engagement programs to reflect the objectives of your project. Offices, labs, schools, libraries or manufacturingno project is too large, small or complex.
From strategic planning to final implementation, we minimize your team’s time commitment and expenditure providing total peace
of mind. 30 years of international expertise, a trusted methodology and a highly skilled team, MovePlan is the low risk solution.
moveplangroup.com
20 Insite - Spring 2015
ARTICLE SUBMISSION
If you are a CoreNet Global NYC member interested
in being interviewed for the Corporate Leader Interview
on timely corporate real estate industry issues,
contact Kevin Poulin at KCPoulin@sgh.com.
Insite - Spring 2015 21
Thank You
to Our
2015 Annual
Sponsors
LEARNING SPONSOR
P L AT I N U M
Save The Date for
These Upcoming Events!
CoreNet NYC Golf Outing
Join CoreNet NYC for their Annual Golf Outing being held on Monday, July 13, 2015 in Purchase,
New York. There are only 5 foursomes left at Century Golf Course so register now!
Annual Meeting & Volunteer Appreciation Reception
Please join the New York City Chapter of CoreNet Global, Inc. for our 2015 Annual Meeting.
Chapter Leadership will provide a “State of the Chapter” address and outline plans for the
future, as well as present awards recognizing Commercial Real Estate, Service Provider and
Project of the Year nominees and winners. Following the awards, the Chapter will transition
to the Volunteer Appreciation Reception, honoring CoreNet volunteers that devote countless
hours to improving our Chapter and enhancing membership experience. Join us in thanking
them for all their hard work and celebrating another great year for CoreNet NYC! To register,
please email Samantha Tursi at stursi@bermangrp.com – please note this event is open to
members only.
CoreNet NYC Meetup
Please continue to check CoreNet NYC website’s event tab to register and for
more information on the event.
Women Community Summer Networking Event
Please continue to check CoreNet NYC website’s event tab to register and for
more information on the event.
GOLD
Cassiody Turley
LBA Realty
Structure Tone
Structure Tone Inc.
Colliers International
VVA Project Managers & Consultants
Allsteel (HNI)
Avison Young
Fisher Brothers
JT Magen & Company Inc.
Plaza Construction
Jones Lang LaSalle
Colliers International
VVA Project Managers & Consultants
Enterprise Florida, Inc.
Sponsor Appreciation Reception
S I LV E R
Certified Moving and Storage Co. LLC
Creative Office Pavilion
WB Wood
AFD Contract Furniture, Inc.
L&K Partners
Kimball Office
Milrose Consultants
DORMA USA
KNOLL
Bentley
Arenson Office Furnishings
EvensonBest
Business Interiors by Staples
Humanscale
G3 Architects
Tag Wall, LLC
BRONZE
Technical Innovation
Empire Office
22 Insite - Spring 2015
BDO USA, LLP
Waldner’s Business Environments
The Meehan Group
Consolidated Carpet
James E. Fitzgerald, Inc.
Steelcase
J.T. Magen & Company Inc.
Total Relocation Services LLC
STUDIOS Architecture
The CoreNet NYC Board of Directors and CoreNet Sponsorship Committee recognize the
support of the 2015 Annual Sponsors at this exclusive event.
Monday, July
13
9:00AM- 8:00PM
Purchase, New York
Wednesday, July
22
6:00PM-8:30PM
7 World Trade Center
Tuesday, July
28
6:00PM- 9:00PM
TBD
Wednesday, August
12
6:00PM- 8:00PM
Refinery Rooftop
Wednesday, October
14
6:00PM- 9:00PM
Italian Wine Merchants
Upcoming Events
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
Insite - Spring 2015 23
insite
New York City
Chapter
New York City Chapter of CoreNet Global/News-
W i n t e r 2 015
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.
Presorted
First Class Mail
U.S. Postage
PAID
Permit # 73
West Caldwell, NJ