News: Brokerage

Tishman Technologies' Bowman address ongoing challenges for technology

Ronald Bowman, executive vice president, Tishman Technologies, conveyed his expertise on Business Continuity Planning and Disaster Recovery at a recent Wall Street Technology Association seminar: "Next Generation Data Center Challenges and Solutions." His topic was: "Outside Plant Considerations for Multi-Market Data Center Site Selection," and he addressed the factors companies must consider in the face of hurricanes, power interruptions, torrential downpours, and ongoing threats of terrorism. Tishman Technologies is a national leader in providing specialized expertise in all facets of strategic planning, site selection, construction, and commissioning of Data Centers and Mission Critical Facilities. Some of its clients include Reuters, Merrill Lynch, Morgan Stanley, and Bank of New York. Bowman described how the Business Continuity Planning/Disaster Recovery(BCP/DR) landscape has changed over the past two years. Fast-moving technology has dramatically changed the approach. He also spoke about how to build scalable and flexible BCP/DR models and how to right-size a backup-data center and not over or under-spend, adding commentary on why relocating data backup centers to rural areas is not necessarily a good idea. Bowman, said, "The challenges of right-sizing a data center and locating it within relevant distance to meaningful power and fiber optics is well known and frequently discussed. Developing a composite 'Acts of God' and human intervention data base—and a leveling matrix with a synchronous and asynchronous distance to a primary data center—are critical. When associated with a Total Cost of Ownership (TCO), these components develop meaning and can be weighed in the process." Bowman took the seminar through his own personal history. "Before 1993 and the first World Trade Center event, many Business Continuity consultants sold fear," Bowman told the group. "There were not many events to point to that involved time and money. But since 1993, and later 9/11, all of that has changed. Now there is a pronounced relationship between downtime and dollars." To illustrate his point, Bowman said that the U.S. economy backed up $4.1 trillion in in-flight trades in the 46 minutes after the first plane hit the Trade Center. Open trades had to be settled orally or manually during that critical period."
MORE FROM Brokerage

SABRE coordinates sale of six properties totaling 199,845 s/f

Huntington, NY SABRE Real Estate Advisors has completed the sale of six commercial properties across Long Island and Northern New Jersey, further underscoring the firm’s strength as a trusted partner in complex real estate transactions. The deals were led by executive vice presidents Jimmy Aug and Stu Fagen, whose combined expertise continues to drive exceptional results for clients across the region.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.