CHICAGO, IL—As the CRE industry continues to lure senior tech talent from tech giants such as Google, IBM, and GE, even more senior executives are becoming intrigued with the possibility that CRE is the industry with the most potential to make a lasting impact.
"There is so much growth potential in this field," observes Liz Van Dyke, new head of Public Institutions technology business within JLL's Government Practice. "A significant number of employees in other industries are taking notice and making bold career moves to help drive this transformation."
A few of these new hires includes the following executives.
- Cynthia Kantor, Chief Products Officer, Corporate Solutions, JLL after more than two decades at GE – 2019
- Vinay Goel, Chief Digital Products Officer, JLL after more than a decade at Google – 2018
- Sanjay Rishi, CEO of Corporate Solutions, JLL Americas from IBM – 2018
- Mihir Shah, co-CEO, JLL Technologies Silicon Valley veteran with experience at Groupon, Yahoo!, and others – 2017
- Yishai Lerner, co-CEO, JLL technologies Silicon Valley veteran who co-founded of several successful start-ups including Mob.ly (acquired by Groupon), Detour and CarrierIQ (acquired by AT&T) – 2017
"A lot of us believe that CRE is the industry where we can further transform how we live, work and play. There is so much excitement and possibilities and so, as change leaders, we are able to make our mark in this sector," says Van Dyke.
Embracing New Digital Tools
As the digital era continues to flourish, the CRE sector has now embraced technology and is deeply steeped in research and innovations. As Van Dyke oversee's JLL's efforts to help public institutions embrace digital tools, she believes that "technology is driving fundamental changes in the way government agencies operate, and those who embrace new digital tools to manage their real estate portfolios will drive significant value for taxpayers and government employees alike," says Van Dyke.
"CRE companies, as with any other sector, has to be forward-thinking as they move into 2020," says Van Dyke. "Otherwise, they will be left behind."
Most CRE companies are utilizing technology to improve revenues, implement cost-cutting measures, and improve efficiency.
"There is so much technology that our company is working on that it is wise to jump into the technology game and overall improve your business," says Van Dyke. "Technology and its uses will only continue to increase and be the dominant player in how businesses operate."
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