Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 68, No. 1, January/February

All in the Family
In an age where real estate companies are constantly growing and merging, small, family businesses are no longer commonplace. However, at the Baltimore-based Wallace H. Campbell & Co., Inc., AMO(R), which handles investment real estate, leasing,...
Baltimore Sun
metroscope CBD redevelopment provides bright spot in market Given the successful rejuvenation of Baltimore's Inner Harbor shopping district in the late 1980s, it should come as no surprise Charm City is experiencing another renaissance with respect to...
Becoming a Global Leader
fromthetop The mantra for our industry has always been location, location, location. As we move into the 21st Century, the Institute's mantra will need to be globalization, globalization, globalization. Eager to learn American ways of doing business,...
Change in Spain
passport Recent legislation helps property managers gain a toehold To speak of real estate management in Spain is to speak of the Spanish Real Estate Administrators. Real estate management dates back to 1936 with the first organization located in Barcelona....
Does Not Compute
tech Software compatibility is essential for global transactions As real estate owners and managers branch out into markets outside the United States, they face a host of organizational, personnel, process and technology challenges. There are a number...
Doesn't Add Up
spotlight The scope of a compliance audit goes far beyond that of a traditional accounting audit As we begin 2003, the challenges to maintain profitable residential property management operations are greater than ever. The current economic turmoil has...
Fiduciary Fallout
Putting clients' interests first While fiduciary obligations to clients are addressed in numerous sections of the Code of Professional Ethics of the CERTIFIED PROPERTY MANAGER(R), perhaps Article I sums it up most thoroughly, stating, "CERTIFIED PROPERTY...
Found in Translation
spotlight Adoption of worldwide technology standards is key to doing business overseas Like most professions, real estate has experienced profound transformations with respect to technology. The development of high-speed communications has made the world...
Future Tense
feature 2003 Forecast: A Year of Doldrums, Not Despair Weak fundamentals and a limping economy will likely mean another year of doldrums for the real estate industry. tsing vacancies, downward rents and corporate layoffs will soften U.S. real estate...
Ginza I: Power Tower
Located in the heart of the Ginza District, the most prestigious shopping area in Japan, the Ginza I Tower stands tall amid a myriad of sleek, sophisticated office buildings and retailers. Its 1-1-3 Ginza address makes the tower a neighbor to such high-end...
Institute Elects 2003 National Officers
what'sup? News and Notes from IREM(R) Headquarters President During last November's Education Conference in Dallas, Patricia A. Nooney, CPM(R), of St. Louis, was elected 2003 IREM(R) president. Nooney is senior vice president of asset management and...
Making the Grade
verbatim Student housing is a growing market niche If you've visited a college campus recently, you have no doubt noticed a big change in students' living quarters. The traditional dorm room has been replaced with high quality student apartments equipped...
Market Solutions
Focus: Appliances Now We're Cooking Kitchen Aid Pro Line Ranges are available in a 15,000 BTU four-, six- or eight-burner design. Some of the cooktops include grills and griddles, and halogen oven lights allow the cook to monitor the progress of cooking...
Membership Committee Makes Changes to Job Functions
During the recent Education Conference, the Membership Committee approved several changes related to membership requirements. First, both CPM and ARM functions were revised to align with the job analysis discussed at the committee's April 2002 meeting....
Read the Fine Print
legalease Global contracts should include several important provisions As the globalization of the economy progresses, the U.S. real estate industry will face more opportunities to engage in domestic transactions involving international companies. This...
Rent Check
feature The ins and outs of setting multifamily rent prices It's likely the average resident assumes the figure their landlord arrives at for a monthly rent may seem arbitrary, if not altogether unreasonable. However, as you are aware, a great deal of...
Selling with Service
Faced with declining office demand and soft leasing markets, commercial real estate owners and managers are once again focusing on customer service to get them through the current downturn. Speaking at the Institute of Real Estate Management's Education...
West Nile Virus: Protect and Prevent
Managers must take steps to ward off dangers of disease-carrying insects Unheard of five years ago, the recent outbreak of the mosquito-borne West Nile virus has now become a round-the-clock threat to our nation's residents and workers. According to...
Working Abroad
speakeasy Growth of borderless business fuels employment opportunities The "exporting" of real estate talent began in earnest in the mid-1970s as international construction companies such as Bechtel and Bovis, supported by urban planners, transportation...