The Leader - May/June 2008 - (Page 10)

real estate i n tHe neWs sustainability, security, and southeast asia GloBal real estate inDustrY neWs Greenest Building code in u.s. up for approval San Francisco’s drive to implement the country’s most stringent building development standards has moved one step closer to becoming reality, with the local Building Inspection Commission recently voting to send an ordinance to the city’s Board of Supervisors for consideration next month, according to a report on GlobeSt.com. The ordinance requires developers and renovators of large commercial and residential buildings to achieve progressively higher levels of Leadership in Energy and Environmental Design (LEED) certification from the U.S. Green Building Council in the coming years. cool roofs can Generate Healthy energy savings An increasing number of building owners and managers are turning to cool roof systems to bring energy costs down and help improve the environment, according to Building Operating Management. Cool roofing materials include membranes, metal roofs, tile and even asphalt shingles. The two main properties that govern cool roofs are solar reflectance and thermal emittance. The former, which has a greater effect on a roof’s coolness, refers to the ability of a material to bounce the sun’s infrared wavelength back out before the rays can be absorbed as heat by the roof and transferred into a building’s interior. The latter is the capacity of a material to release heat it has already absorbed back into the atmosphere before it is transferred by convection down into the building. Different geographic areas and accrediting bodies have different definitions for how reflective or emissive a cool roof system must be. indicate potential issues within government networks. With a baby-boomer generation nearing retirement, the millennials are the future of controlling the IT sector, a factor that has prompted the necessity to reevaluate IT management risks and best practices. Younger employees present challenge to information security According to a Symantec study, IT employees born after 1980 pose a greater threat to the risk management of the technology workplace. This millennial generation has demonstrated a freer attitude toward using the Web at work, frequenting social networking sites or downloading software onto company computers. In a study surveying workers born before 1980, the millennials, and IT executives, 75 percent of the youngest generation said they had added personal applications to their office computers. Consequently, almost 70 percent of managers said they would place restrictions on Web applications and smart devices. Though IT executives said they believed managerial responsibilities for educating the IT workforce were being met, nearly 90 percent of workers said risk exposure had become a greater enterprise threat. Though the survey has significant implications for private enterprise, its findings thai economic Growth likely to continue According to Colliers International, Thailand’s economy posted 5.7 percent growth in the fourth quarter of 2007, which was progressively higher than the 4.4 percent in the quarter before. The Thai economy is likely to show more sustained growth, although there are concerns about high oil prices, rising prices for consumer goods and a slowdown in the global economy. In the property market, the introduction of BTS (Skytrain), MRT (Subway) and BRT (Bus Rapid Transit) in Bangkok has resulted in developers seeking land banks and future residential, commercial and retail projects. Currently, there are a number of condominium units under construction along the extension of the BTS route to target medium-price range customers. The demand for commercial properties is expected to increase when the foreign business act is being finalized and implemented in 2008. By the end of 2009, it is estimated that more than 58,000 residential units will be completed. tH e le aDe r 10 MaY / j u n e 2008 http://GlobeSt.com

Table of Contents Feed for the Digital Edition of The Leader - May/June 2008

The Leader - May/June 2008 Leadership Contents Message from the CEO Real Estate in the News Green Real Estate Work Without Boundries Building Flexibility Into the Business Strategy Multi-Generational Work-Force Design Work Force Longevity Analysis Wells Fargo's David Nelson Pennsylvania's Michael Rossman Globalization 2.0 Site Selection Consultant Directory The New York Report: A Core of Traditional and State-of-the-Art Opportunities Discovery Forum Findings Industry Tracker Young Leader Career Development Effective Leadership Economic Development in the News A Look Ahead In Our Next Issue Calendar of Seminars Index of Advertisers Executive Development Spotlight

The Leader - May/June 2008

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