Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 66, No. 3, May/June

Bridging the Workplace Gap
Consider the difference between sitting in a five-star restaurant and a local pub, and how the setting would affect your behavior if someone you knew unexpectedly entered the establishment. In a five-star restaurant, you would likely summon the maitre...
Collaborate or Evaporate: Firms Partner Up for Success
Like distant relatives, members of the real estate community, including owners, managers, brokers, investors, developers, and vendors, have historically worked together at arm's length. To reduce risk, most of these players depended on multiple sources...
Data Collection Key to Energy Program
[Note: In the previous installment we reviewed the historical and economic basis behind the critical need for detailed energy consumption information by the commercial investment real estate sector. Now we look first at how these data are collected and...
Employee Privacy
It's not uncommon for employees today to complain about "Big Brother" looking over their shoulder. With the increasing availability of sophisticated monitoring technology, these complaints have grown louder and the issue of workplace privacy is spilling...
Journey through the 21st Century
[Note: In a business climate that is characterized by enormous technological advancements, greater operational efficiencies, and increased customer demands, the real estate and asset management industry is being changed enhanced and turned inside o\ut....
Lighting the Way: To Increased Energy Efficiency
As the price of energy climbs and the specter of deregulated energy looms large in many states today, property managers around the country are considering the benefits of retrofitting their facilities with energy-efficient indoor and outdoor lighting....
Manage by Mobilizing
Are you depriving your employees of the opportunity to excel? In order to attract and retain quality talent today, businesses must create an environment which empowers people. As Peter Drucker says, "A leader's job is to make people's strengths effective...
Merger They Wrote: Avoiding a Corporate Culture Collision
At no time is a business more at risk of causing a corporate culture collision than when it merges with another firm. The special challenges that are inherent in any business integration requires the merger partners to put on the brakes and carefully...
Nokia's Corporate Culture Challenge: A Case Study
The creation of a truly global economy and increasing pressure on companies to find and retain top talent have caused changes in the real estate management arena to occur at breakneck speed. Increasingly, commercial tenants are using revamped, top-of-the--...
Outsourcing: Dealing with the Build or Buy Decision
In commercial real estate there is an increasing emphasis on the value of outsourcing work that is not part of a company's core business. The issue is no longer whether to bring in specialized expertise but whether a company can do it effectively. The...
Policy Payoff: Benefits of a Rental Insurance Requirement
A cigarette left burning near a couch... a heated curling iron forgotten on a bathroom vanity .. a dinner left too long simmering on the kitchen stove. These all-toocommon accidents waiting to happen caused by apartment residents can result in costly...
President's Letter: Real Estate Battles the Banks
Who should be allowed to sell and manage real estate? That question has been at the heart of a battle that has been publicly waging in recent months between banks and real estate organizations. Fighting stagnant growth in their traditional service categories,...
Smoothing Model Helps Predict Sales: Forecasting the Future
A critical aspect of managing property in today's real estate marketplace is planning for the future. Increasingly, owners and investors are requiring real estate managers to perform long-term forecasting functions. For example, in order to effectively...
Software Product Makes Managing Property Taxes Less Taxing
As one of the largest real estate service firms in the country, Cushman & Wakefield is no stranger to the issue of commercial property taxation, especially when managing property for corporate clients. So, when the New York-based C&W found a...
Winning at Retention
When choosing a workplace, 87 percent of individuals seek an employer that is supportIve of their personal needs. In order to win at the retention game, companies are recognizing that acrossthe-board policies no longer work. Instead, they are opting...