Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 64, No. 3, May/June

A Deco Dilemma
Converting an obsolete office structure into a first-class hotel is one of the hottest adaptive reuse ideas of the moment. But doing this with a full-floor, long-term tenant in place requires a little more creativity. When the Trammell Crow Company assumed...
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A Space Center Takes Off
The former ITEK headquarters in Boston's high-tech corridor goes from '60s to '90s. Once home to scientists who helped put America in space, the former ITEK headquarters in Lexington, Mass., was still a prime location in Boston's high-tech corridor....
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At Last-Bankruptcy Reform Nears
After a near miss in 1998, it appears fairly likely that several related bankruptcy provisions may at last be passed by Congress. This passage-which IREM has been working on for several years-will provide important safeguards to protect the investments...
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Cutting Cost
Cutting costs is another way to leverage assets. Many property managers are generating cost savings by purchasing through national accounts with vendors. Sheinkop says Equity Office reduced expenses in 1998 by about $8 million through a combination of...
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Diability Management-Improving Employee Health and the Company Bottom Line
Every organization, in every business, has a vested interest in the health and safety of its workforce. Employers of ten, to the tens of thousands face similar basic challenges in human productivity and enhancement. A coordinated approach to employee...
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Everyone Goes.Downtown
The success of an infill project is truly one of those chicken and egg situations. What comes first: The project or the surrounding neighborhood that made those projects popular with renters, shoppers, and buyers in the first place? It's hard to know....
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Found Money
Alternative Revenues From Non-Rent Income Rent just isn't enough any more. The latest trend in real estate management is alternative revenue, or non-rent income. Property managers who aren't looking at alternative revenue have a horse and buggy mentality,...
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From One Millennium to the Next
In Baltimore, historic buildings get a new purpose but remain true to the neighborhood. With its rich turn-of-the-century industrial character still very much intact today, the $25 million adaptive reuse and redevelopment of the former American Can Company...
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Helping Small Tenants Merchandise
Mary just knew her idea to open a card and gift store in her local neighborhood shopping center was a winner. She had lots of contacts in the community, so of course there were lots of potential customers. She had checked into franchises but figured...
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Here Comes the Neighborhood
A troubled property proves to the community that better is possible. Sitting atop the highest ridge in downtown Nashville, the Edgehill Village's commanding view of the Nashville skyline seemed to offer an ideal site for a successful residential community....
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High-Energy Synergy
Entertainment and an oasis of quiet helped revitalize this mall. A decade of department store mergers has left many once-successful malls struggling with empty anchors and too few re-tenanting choices. Some flounder, but others, such as the Puente Hills...
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Interview: Kenneth Townsend
PUBLIC GOES PRIVATE? Kenneth Townsend is managing partner and area industry leader for the Pacific Southwest, EerY Kenneth Leventhal Real Estate Group. JPM: As REITs continue to face lower share prices, what are their alternatives to find capital for...
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Looks Matter
Visual merchandising doses leases before you open your mouth. Tom Hopkins, acclaimed author and sales trainer, summed it up best when he said, "People make buying decisions based on emotion; then they use logic to justify the purchase." Over the last...
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Old? No Way!
Grandpa sits outside drinking lemonade with Grandma, watching the sunset, thinking about tomorrow when maybe he'll go out fishin. Content to kick back and relax, the old-timers smile at the youngsters rushing off into their busy world, happy they no...
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Putting the Grand Back in Grand Central
A nation's gateway becomes a meeting place for visitors and locals. Every renovation is tough-but when you have 500,000 people a day walking through your construction site, tough takes on a whole new meaning. Yet that was the challenge facing LaSalle...
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Self-Defeating Behaviors
SELF-DEFEATING BEHAVIORS Sometimes we have a tendency to "get in our own way" by not overcoming self-defeating behaviors. These behaviors can sabotage our best plans, most inspired projects, and relationships with others. If you could, wouldn't you want...
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Street-Wise Marketing
Poor merchandising is often the Achilles heel of the small retailer. How can an independent hope to compete with the resources of a national chain? Few can, but in New York City, some independent retailers have a secret weapon-Mike Feder and the Savvy...
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Suite Talk: A Manager's Guide to Successful Space Plans
With Pencil poised over tracing paper, the architect sketches plans for a new office. A cornice here, a downlight there. Five minutes and four glass-block offices later, the space planning meeting has careened wildly out of control, and the property...
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The Difference Is the Differentiation
Achieving differentiation takes thought, work, and constant attention. Here are ideas for setting your company apart from the competitors: * Focus on what customers want most. It's here that differentiation dies. It's so easy to become preoccupied with...
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The Eye of the Beholder
Today, real estate management clients demand quality service, operational excellence, and positive brand identity. While almost all companies strive to achieve these goals, many of them judge their successes or failures subjectively. By conducting surveys...
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The Game of Tenant Relocation
The tenant-landlord conflict has always been a highly charged political match. The battle with the local jurisdiction over tenant-landlord issues is never more acute than when a landlord has chosen to use affordable housing subsidies. Such subsidies...
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The Recycling Grind
Replacing appliances can be easy enough-check prices and quality, and you're ready to purchase. But getting rid of the old one isn't as easy as carting it off to the local dump. According to most property managers, refrigerators are mostly likely the...
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