Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 74, No. 3, May-June

Awards & Recognition
OPUS NORTHWEST MANAGEMENT, AMO[R], achieved a first for Minnesota when its Crescent Ridge Corporate Center I in Minnetonka, Minn., received the Leadership in Energy and Environmental Design for Existing Buildings (LEED-EB) Gold certification for a...
Beautiful Hawaii: Success Series 2009 Offers IREM Members a Unique Opportunity to See Honolulu
"aloha" IN THE HAWAIIAN LANGUAGE MEANS AFFECTION, LOVE, PEACE, COMPASSION, MERCY AND GOODBYE. IT ALSO MEANS HELLO. WHEN YOU ARRIVE IN HAWAII FOR THE CCIM & IREM SUCCESS SERIES 2009 IN OCTOBER, you will undoubtedly be greeted by countless alohas,...
Course Listings
MAY ETH800 May 1 Portland, Ore. ASM603 May 4-5 New Orleans ASM603 May 4-5 Atlanta ASM603 May 4-5 Boca Raton, Fla. CID201 May 4-8 Scottsdale, Ariz. MNT402 May 4-5 Albuquerque,...
Do the Right Thing: Instilling Ethical Standards in Your Company Inspires Employee Pride and Productivity
THE BEST AND MOST ENDURING ADVICE I HAVE EVER RECEIVED WAS TO ENSURE ALL MY DEALINGS COULD BE REPEATED PROUDLY FROM A WITNESS STAND IN A COURT OF LAW. WHILE I HAVE NOT HAD TO DO SO, I HAVE NEVERTHELESS LIVED UP TO THOSE WORDS AND HAVE TRIED TO INSTILL...
Economic Stimulus Package-Investment Provisions
In February of this year, President Obama signed H.R. 1, the "American Recovery and Reinvestment Act of 2009." The bill includes $787 billion in spending and tax cuts. Commercial real estate is supported through provisions focusing on green building...
Get on the Short List: Attracting Business from Owners Requires Knowledge and Networking
IT'S A SMALL WORLD. MY FORMER BOSS USED TO SAY THAT REAL ESTATE MANAGEMENT IS A HANDSHAKE SORT OF BUSINESS, WHERE WHO YOU KNOW CAN BE JUST AS IMPORTANT AS WHAT YOU KNOW. THIS IS A CRUCIAL CONCEPT when it comes to getting your company hired as a third-party...
Green Wired: King of Prussia Building in Pennsylvania Combines Top Industry Trends to Create Perfect Synergy
The relationship between green building and cutting-edge technology may not be immediately obvious. But recognizing the synergy between these two modern-day essentials makes good building--and good business-sense. In King of Prussia, Pa., a perfect...
Holladay Properties
COMPANY HEADQUARTERS LOCATION South Bend, Ind. NUMBER OF EMPLOYEES 250 DATE THE COMPANY BECAME AN AMO FIRM June 1, 1990 COMPANY WEB SITE www.holladayproperties.com TIMOTHY A. BAKER, CPM[R], IS THE EXECUTIVE VICE PRESIDENT IN CHARGE OF ASSET...
IREM and IREM Foundation Train Veterans: Special Grant Provides Professional Growth Opportunity
The Institute of Real Estate Management (IREM) and the IREM Foundation, aided by financial support from Yardi Systems and the Realtors[R] Commercial Alliance (RCA) of the National Association of Realtors[R], funded professional development grants for...
JPM Articles Translated for International Members
IREM translates one article from each issue of Journal of Property Management into multiple languages to serve our members throughout the world. You can find the translations of the article "Rent Resolutions for a Weak Economy" by Richard Muhlebach,...
Know Your IREM Code of Professional Ethics: Article 8. Managing the Assets of the Client
A MEMBER shall exercise due diligence in the maintenance and management of the client's assets and shall make all reasonable efforts to protect it against all reasonably foreseeable contingencies and losses. The current recession has become a sensitive...
Last-Minute Mission: Unbelievable or Outrageous True Stories about Everyday Experiences in Real Estate Management
Picture this. ... a brand new construction of luxury apartment homes with residents eager to move in. After falling behind schedule, the development company was finally ready to turn over the building to our management firm. We had already experienced...
Let's Come Together
In addition to visiting IREM Chapters throughout the United States since my inauguration as the 2009 IREM President, I recently have had the opportunity to travel with the Institute to South Korea. Seeing IREM at work in diverse regions and countries...
Light Switch: Low-Cost Lighting Solutions and Technology Can Reduce Energy Use and Expenses
NOW THAT YOU HAVE A GREEN PROGRAM GOING AND YOU'VE STARTED ADJUSTING YOUR THERMOSTATS, WHAT ELSE CAN YOU DO TO GREEN YOUR OPERATIONS? Lighting improvements offer a practical way to green operations and shrink expenses in a tough economy. Recent...
Opportunity Comes Knocking: IREM Members Discover Ways to Grow Their Businesses during These Tough Economic Times
despite the dearth of fortuitous news and statistics regarding the U.S. economy--especially the real estate sector--property managers are uniquely poised to take advantage of opportunities in this difficult economic environment. The fact is, property...
Recessionary Reaction: Sustainability, Technology and Healthcare Offer Industry Opportunities in California
Many financial experts have pointed to the Golden State as the epicenter of the national foreclosure crisis, and the numbers seem to back them up. For January 2009, 15 of the top 30 metropolitan areas ranked by foreclosure rates were from California,...
Strategies to Keep Owners & Tenants Afloat: Focusing on Property Management Fundamentals Is Essential in an Uncertain Economy
OUR CLIENTS ARE NERVOUS ABOUT THE MARKET AND ECONOMY. REAL ESTATE MANAGERS IN CITIES ACROSS THE NATION, FROM THE LARGEST OFFICE BUILDINGS IN NEW YORK CITY TO THE SMALLEST OF RETAIL SPACES IN KANSAS, ARE FEELING THE PRESSURE TO MAXIMIZE ASSET PERFORMANCE....
Sustainable Development: Property Managers Can Reduce Energy Use & Expenses through Green Practices
THINK ABOUT THIS THE NEXT TIME YOU TURN ON A LIGHT: According to the Energy Information Administration's Annual Energy Review 2007, energy consumed by residential and commercial sectors accounted for about 39.5 percent of that year's total U.S. energy...
The Art of Talking: To Be Understood, Make Your Conversation a Two-Way Street
IT WASN'T AN INTENTIONAL EAVESDROP ... TRUTHFULLY. CONFINED IN THE CLOSE QUARTERS OF A STABLE OF POTENTIAL JURISTS, I COULD NOT block out the conversation I could easily hear between two men. For one and one-half hours, Man A seemed to do all the...