Trammell Crow and CBRE are knee-deep in building a new industrial park in the Northland that will serve as a source of revenue for the airport to keep landing fees down, and act as a catalyst to sustain momentum in the Northland.
How the millennial mindset is driving tourism in Kansas City
As a direct result of VisitKC’s efforts under new leadership, Kansas City’s profile is rising across the country, evident in the unprecedented wave of national media coverage and new visitors from around the globe. Now, VisitKC has teamed up with MMGY Global, a Kansas City-based advertising agency and the world’s largest integrated marketing firm specializing in travel.
Grandbridge loan origination climbs in 2015
LANE4 partner selected for 2016 Leadership Kansas class
Hunter Harris, a partner from LANE4 Property Group, has officially joined the 2016 class of Leadership Kansas, a nationally recognized program affiliated with the Kansas Chamber that aims to develop and motivate Kansas leaders. Each year, the organization selects 40 individuals that demonstrate social responsibility and the potential to play a leadership role within the state.
Harris, a lifelong resident of Kansas, has spearheaded major projects that have spurred economic growth and development in the state. Throughout his career, Harris has focused on development projects that elevate their surrounding neighborhoods and ‘encourage lasting advancement,’ including projects like 39 Rainbow and La Plaza Argentine. Both aimed to provide local residents with much needed services and amenities, jump start additional projects to transform struggling neighborhoods into thriving commercial corridors.
Hunter is a board member on the Cancer Funding Partners for the University of Kansas Cancer Center and is past president for The Friendship Inn, a nonprofit providing a “home away from home” for families of hospital patients.
The mission of Leadership Kansas is to identify leaders, inform them of key local issues, and inspire them to maintain involvement in social, business, and political fabric of Kansas communities. Graduates of this program include former U.S. House representatives, Senators, state governors, business owners and CEOs, and education leaders including university presidents and members of the Kansas Board of Regents.
To see the full list of 2016 class members, click here.
Compensation for corporate real estate executives continues to climb
The wallets of corporate real estate executives continued to grow from 2014 to 2015, and those leaders say they expect more of the same this year. In a recent study conducted by CoreNet Global and FPL Associates, 83 percent of real estate executives at large corporations across the globe saw their base salary increase. Of that number, 80 percent expect further increases in 2016.
Globally, the average total annual cash compensation for a corporate real estate head averaged $265,684 in 2015. Compared to $231,197 in 2015, that’s an increase of almost 15 percent.
Of the North American participants in the study, 84 percent saw an increase in their base salary in 2015 and 82 percent expect another increase in 2016. Of respondents in Asia, 71 percent saw an increase in 2015 and 71 percent expect an increase in 2016. In Europe, 90 percent saw an increase and 90 percent expect another increase in 2016.
“The continually rising salaries in corporate real estate are driven by a recognition of the profession as key to overall corporate performance,” said Angela Cain, CEO of CoreNet Global. “As corporate real estate evolves, more people are seeing it as the well-defined profession that it is, as well as a financially rewarding career option.”
Study participants also reported receiving a range of job perks. On average, participants received the most amount of money for automobile allowances and tuition reimbursement.
CoreNet Global is the world’s leading professional association for corporate real estate (CRE) and workplace executives, service providers and economic developers. For more information on happenings with the local Kansas City chapter, click here.