What would be lost if a building's hearing, ventilation, and air-conditioning (HVAC) system were to break down for a lengthy period? Tenants, revenue, or even life! HVAC and electrical power systems are such an integral part of our everyday life...
Traditionally, all kind of business have outsourced specific non-core activities to third-party providers to leverage additional expertise, decrease long-range costs, or increase internal efficiencies. By allowing a provider to handle all or some of...
America is undergoing a demographic revolution whose ramifications will be every bit as significant as the movement from the farms to the cities that took place a century ago. The relatively new and ongoing demographic division will be focused around...
Green buildings--they've been talked about for years, debated, even rejected, but has the time now come to embrace them? Leaders of green technologies are saying the concept is no longer an oddity, and skeptics in the real estate industry may be ready...
Better Communities for the New Millennium "Smart growth is perhaps the first major social policy issue of the 21st century. This is a huge movement and it's getting bigger and stronger every day. People from all different backgrounds are coming...
When the troubled Chicago Housing Authority (CHA) partnered with the Habitat Company to create a residential community that married higher end condominiums with homes for public housing residents, the plan seemed a vision for the future. However, making...
During November 1999, the Institute of Real Estate Management's Regional Vice Presidents (RVPs) met to discuss issues affecting the real estate management industry in their regions and nationwide. (Note that all RVPs are CERTIFIED PROPERTY MANAGERS(R).)...
Individual participation is the heart of any voluntary organization. Whether we are raising money for our favorite charity or giving up our Saturdays to coach Little League, our willingness to spend time and energy on a project shows our commitment...
Since 1991, the U.S. Environmental Protection Agency (EPA) has offered technical assistance programs aimed at making this country's buildings more energy-efficient. Building on the success of these programs, the EPA has recently shifted its emphasis...
There are approximately 42 million Americans living in common interest developments (CIDs) today representing approximately 15 percent of all U.S. housing CIDs are gorwing at a staggering rate. In the 1970s there were 10,000 CIDs according to the Community...
Choosing Systems for the Next Century Real estate has traditionally lagged behind most other industries when it comes to employing the latest software technologies. In a 32-bit world, many property managers continue toiling away on 8-bit programs...
What images do the words "service" call to mind? Waiters handing icy drinks from silver trays; a helping hand to carry that heavy package or run that errand, or a welcoming staff that meets your every need instantly, even before you ask? This sort...
As Hurricane Floyd moved toward the Carolina coast in mid-September of 1999, Rick Allen, CPM(R), director of property management for Harris Brown Management Company's Florence, South Carolina office, was nor unduly worried. True, the company had a...
How boring--more prosperity, stable occupancies, rising rents; that is what 2000 looks like to most real estate experts. "We're still in a sweet spot in the economy. I've been optimistic for a decade, and I still see reason for optimism. Yet the risk...