real estate organization was reorganized based on type of transaction: office, industrial and retail.
In October, responsibility for the combined portfolio was transferred to the real estate group. Q: Has FedEx changed the structure of its corporate real estate department and/or the way it treats the function in the last two to three years?Ī: Prior to the fall of 1994, the United States city station and retail portfolio was handled locally. He serves on the Industrial Development Research Council and is a member of the International Association of Corporate Real Estate Executives. He's also in charge of international airport relations and development, and the company's 2,423 facilities and 128 million sq. Hurtado's expanded responsibilities include worldwide portfolio and account management, and international planning and economic analysis.
Details are to be divided among internal real estate agents, each of whom will be accountable for his or her assigned portfolio piece performance. A novel re-organization based on a more scientifically driven subgroup to closely study real estate directions is transforming the way Federal Express (FedEx) deals with its combined United States' city station and retail portfolio.ĭavid Hurtado, managing director of real estate and airport development, who has been with Federal Express for 17 years - but studied to be a mechanical engineer - is forming a more precision-oriented real estate information systems group.
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