The Realcomm | IBcon 2018 conference, one of the most powerful gatherings for the commercial and corporate real estate, facilities and technology industries, was held June 4-8 in Las Vegas. The event brought together over 2,000 leaders from more than 20 countries, including Canada, Australia, Japan, U.K., Singapore, China, France, India, Germany, South Africa and many more. This year also marked the 20th anniversary for Realcomm, which contributed to the remarkable turnout and undeniable buzz of energy and celebration that made the event one of our most successful ever!
Adding to that energy was the hotel itself. The Cosmopolitan of Las Vegas, a unique luxury resort in the heart of the Strip, provided not only a great meeting environment, but also world class dining and party experiences in the evenings with their many restaurants and nightclubs.
The week kicked off with a Golf Outing on Monday, followed by seven pre-conference events on Tuesday, two full days of education sessions on Wednesday and Thursday, and finished up with nine Innovation Tech Tours on Friday.
HERE’S A RECAP OF THE WEEK
Monday – June 4
GOLF OUTING Forty golfers braved the 100+ degree weather to take a run at The Wolf Course at Paiute Golf Resort, one of the top high-end courses in the Vegas valley. Special thanks to co-chairs Todd Januzzi, Paramount Group, and Robert Entin, Vornado Realty Trust, for helping to organize and make this day such fun for all involved.
ADVISORY COUNCIL VIP EVENT As our way of saying ‘thanks’ to the men and women of our 2018 Advisory Council for their assistance in the creation of this year’s program, we enjoyed a night of thrill and exhilaration at SpeedVegas. Nothing like the feel of an exotic sports car driven at incredible speeds on the longest and fastest racetrack in Las Vegas!
REALCOMM | IBCON MEETUP EVENTS We added Meetup gatherings to our pre-conference day for anyone who arrived in Vegas early. Several small groups gathered for activities like biking and working out. One group met at the popular TopGolf venue for some digital golf fun. Most popular was Battlefield Las Vegas, a local range with an interactive shooting experience. Meetups proved to be a great way to connect with new people and will definitely be back again next year.
Tuesday – June 5
PRECON EVENTS More than 800 were in attendance – a new preconference record – for this year’s seven half day events, which included the Cybersecurity Forum, 15th Annual CIO Roundtable, COO/CFO/CAO Innovation Summit, Higher Education Summit, Intelligent Buildings Boot Camp, Smart Building Integrator Summit and the newly added Smart Building Leadership Forum. Thanks to all those who participated!
20TH ANNIVERSARY WELCOME RECEPTION The Chelsea Theater was the perfect party place for our 20th Anniversary Celebration and Welcome Party that kicked off the conference on Tuesday evening. The fun began with champagne toasts at the door as more than 1,000 people joined us for great conversations, hip music and phenomenal food.
Wednesday – June 6 to Thursday – June 7
OPENING GENERAL SESSION We were back at the Chelsea Theater in the morning, to a packed house, for the General Session. Focused on this year’s theme, The Age of Acceleration – Navigating Global CRE Technology & Innovation, the event explored what it will take to keep up with the incredible pace of technology today, to rethink strategies and change organizations. An impressive line-up of highly respected speakers included: Bob Sulentic, President & CEO of CBRE; Chong Huan, EVP & CIO, Inland Real Estate Group; Mihir Shah, Co-CEO, JLL Spark and; Anant Yardi, President & Founder, Yardi Systems.
LIFETIME ACHIEVEMENT AWARDS As part of the General Session, we announced the winners of the inaugural Lifetime Achievement Awards. This award provides recognition for the early adopters, pioneers, risk takers and market creators who continue to lead commercial, corporate and institutional real estate industry’s adoption of technology. Congratulations to the twenty men and women who were honored for their dedication and perseverance.
EDUCATION SESSIONS For two full days, the conference presented over 125 sessions featuring 330 speakers. With the help of our 2018 Advisory Council, carefully curated and top-of mind industry topics such as AI, Blockchain, Data Analytics, Cybersecurity, Microgrids and more, were presented by domain thought-leaders.
EXHIBIT HALL This year’s Exhibit Hall featured more than 180 real estate technology companies showcasing the latest industry-specific solutions and services. It was two days of continuous product demonstrations and networking. Our thanks to all of our sponsors and exhibitors who helped to make this milestone year one of our most successful events ever!
CONFERENCE LIVE More than 50 interviews with some of the best in the industry took place on our Conference LIVE news desk during the conference. Don’t miss business insights from industry leaders such as: Chandra Dhandapani (CBRE), Jesse Carrillo (Hines), Eric Anctil (University of Portland), Justin Mills & Nick Irvine (Vicinity Centres), Maureen Ehrenberg (JLL), Arv Gupta (Cadillac Fairview) and many more.
DIGIE AWARDS Congratulations to the 2018 Digie Award winners! For the past 20 years, these awards have recognized those companies, real estate projects, technologies and people that have gone above and beyond to positively impact our industry using technology, automation and innovation. Special congrats to this year’s Julie Devine Digital Impact Award winners for Realcomm, Julie Sokol (Irvine Company) and Phil Klokis (GSA/PBS) and for IBcon, Brian Turner (OTI) and Lachlan MacQuarrie (Oxford Properties). Thanks to all the winners for your tremendous commitment to the industry.
Thursday – June 7
SMART BUILDING CASE STUDIES SHOWCASE Attendees had a unique opportunity to meet face-to-face with representatives of some of the most premier smart building projects in the world. More than 40 buildings, portfolios and campuses were on display in an interactive setting, where those close to the projects shared their strategies on topics such as energy conservation, operational efficiency, enhanced occupant experience, sustainability achievement and financial optimization.
Friday – June 8
INNOVATION TECH TOURS More than 80 attendees stayed an extra day to tour several innovative experiences in the Las Vegas area. Tours included Switch – the World’s Number One Rated Data Center, InfoComm – an Audiovisual Digital Signage Event, the Luxor’s new Esports Arena, and a behind the scenes look at the Cosmopolitan Hotel’s Digital Signage Experience.
With five days of activities, thousands of conversations, 2,000+ people from 25+ countries all came together to discuss how technology, automation and innovation will continue to impact commercial, corporate and institutional real estate. It is clear the industry is trying to figure out the impacts on how we design, build, lease, operate, transact and use space.
The following are some of the big trends that emerged from Realcomm and IBcon 2018!
Big Changes: A very apparent theme that emerged was that the changes we are seeing as a result of more technology in our industry are major paradigm shifts and not just incremental changes.
Partnership: A consistent message heard was that the complexity of today’s technology requires that a partnership-type relationship between building owner/operator and vendor be in place.
Capital: The industry has never seen this amount of capital being invested in tech companies focused on the real estate market. Over $1.5B of new capital was represented at the conference.
Executive Attention: With the volume of technology and the potential impact, it is now more than ever, becoming a business discussion that requires consistent and thoughtful involvement of executives.
Saturation: With over 3,000 companies now selling automation to the industry and some solutions seeing more than ten competitors, many are wondering if the market is saturated.
Adoption: With so much technology to consider and existing cultures hard to change, many discussions focused on how fast an organization or the industry at large can absorb these new ideas.
Integration: Given the number of new solutions entering the market, many conversations focused on integration of these new products into existing enterprise strategies.
Collaboration: In order to successfully adopt a comprehensive innovation, automation or technology strategy in a real estate company, accelerated interdepartmental collaboration is required.
Industry Knowledge: There was a fair amount of discussion around the topic of technology startups not being familiar with Real Estate fundamentals and knowing what problems they are trying to solve.
Not Slowing Down: With the amount of new technology coming out of Silicon Valley and other tech centers around the globe, including AI, Machine Learning, Robotic Process Automation, Autonomous, Blockchain, Augmented and Virtual Reality and others, no one sees a slowing of the impact of the most recent emerging technologies.
SAVE THE DATE
Be sure to join us in June 2019 as we celebrate another year at the Intersection of Commercial and Corporate Real Estate, Technology, Automation and Innovation! More details coming soon!