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With trillions of dollars in loans coming due over the next five years, he points out that industry recovery may take longer than past rebounds from recessions. \"We are in a significant transition point in the real estate industry, so there is always the challenge for CoreNet to stay current and flexible,\" Fanoe says. Among the key challenges for the group in years to come are returning membership counts to where they had been during good times while making sure that educational and other programs continue to meet the needs of current members, he says. Dino Piccini, president of global corporate services with DTZ, was elected CoreNet treasurer. Newly elected directors include Maureen Ehrenberg, global director of facilities management with CB Richard Ellis; John Forrest, CEO of Asia Pacific corporate solutions with Jones Lang LaSalle; Lydia Jacobs-Horton, director of global facilities and real estate with Procter & Gamble Co.; Mark Nicholls, senior vice president of corporate workplace with Bank of America; and James Scannell, senior vice president of administrative services with the Travelers Cos. Lee Utke, director of global corporate real estate with Whirlpool Corp., will succeed current chairman Barry Varcoe during the CoreNet Global Summit in New Orleans on April 18-20. 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