Generally, for a corporate real estate unit to be judged a success it has to develop a real estate plan that parallels and is in sync with the strategic business plan for the entire corporation. Among the other major objectives for such a unit are recommendations to the corporation’s senior management concerning the prioritization and allocation of real estate sources, the planning and execution of real estate capital projects, leasing, appropriate real estate value enhancements for specific properties, and the maintenance of a proper balance in the firm’s property portfolio between owned, leased, and leased/optioned facilities in a capital scarce corporate environment.
Mr. Levy served as Senior Vice President and General Manager of the Real Estate and Corporate Services Division of Chemical Bank, a predecessor institution to JP Morgan Chase Bank. He was co-author of “Choosing Strategic Objectives” and “Implementing Strategic Objectives”---chapters in The Corporate Real Estate Handbook published by McGraw Hill which was reprinted in part in the Urban Land Institute’s book entitled Institutional Real Estate Strategies. He was given an award by NACORE (predecessor to CORENET GLOBAL) for his writings in the corporate real estate field.
Mr. Levy’s firm is available to assist corporate real estate units in strategic planning and, if requested, in analyzing and consulting on leasing and purchase and sale transactions.