Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 68, No. 3, May-June

Attention Getters: In Today's Tough Leasing Market, Distinguishing Yourself from the Competition Is Critical. (Speak Easy)
Leasing is tough, and it may get tougher before it gets better. Office markets across the country are languishing. Buildings are victims of high-tech fallout, corporate downsizing and uncertain economic times, which are stifling expansion and new development....
Beating the BK Blues: With Proper Planning, Managers and Owners Can Minimize the Downside of Tenant Bankruptcy. (Legal Ease)
The floundering economy's impact on real estate can be seen in the recent wave of commercial tenant defaults and bankruptcies. When a tenant files a bankruptcy petition, federal law triggers an injunction that automatically stays most actions against...
Big Deal: Negotiate Your Way to Success by Following the Spirit of the Deal. (Spotlight)
Your palms are sweaty. Your throat is dry. Butterflies are doing major hip-hop moves in your stomach. Your mind is playing our scenarios that rival any horror movie. In short, you're getting ready to n-e-g-o-t-i-a-r-e a deal. Negotiation is one...
Celebrating 70: "Leadership and Learning Are Indispensable to Each Other". (Feature)
John F. Kennedy, November 22, 1963. Knowledge, integrity and efficiency in the management of real estate. With these goals in mind, a group of 14 property managers petitioned the National Association of Real Estate Boards (NAREB) in June 1933 to...
China Blossoms: A Soaring Investment Market Results in Emerging Property Management Business. (Passport)
Social wealth in China is accumulating rapidly thanks to continuous systematic reform and economic development. The social division of labor is more specific, and the money management concept has been changing from one of saving to investing. Driving...
Conduct Unbecoming a Member: The Bar Is Set High for CPM[R] Members, Who Must Act in Strict Compliance with Any Written Contracts. (Higher Ground)
A difficult economic climate, coupled with stiff competition in the business environment, can sometimes cause property managers to make poor choices. Several sections of the Code of Professional Ethics of the CERTIFIED PROPERTY MANAGER[R] address the...
Employee Empowerment: High-Performance Companies Link Business Objectives to People Practices. (Spotlight)
Everyone in commercial real estate knows the key to maximizing occupancy and profitability is offering prime locations with clean space and amenities at a competitive price. But with rising vacancies, rents trending downward and customers demanding...
Freshly Squeezed: A Glut of Sublease Space and Vacancies Have Put Orlando in a Tight Spot. (Metro Scope)
What could possibly be awry with life in the Sunshine State? While vacancies at orange groves or Disney World might not be a problem, property managers in Orlando have seen sunnier days. According to Marcus & Millichap's National Office Market...
Irem
Chicago's Mayor Daley Proclaims "IREM[R] Day" In honor of the Institute's 70th anniversary, Chicago Mayor Richard M. Daley proclaimed June 12 "Institute of Real Estate Management Day in Chicago" and encouraged all Chicagoans to recognize the Institute...
IREM 70th Anniversary
Then and Now Insurance Flashbacks The Institute has helped property managers understand and adapt to the ever-changing nature of insurance for the past 70 years. Ever since the Institute's beginning days, insurance has remained an industry "hot...
Life after Meth: Proactive Property Management Is Critical to Preventing On-Site Meth Labs. (Feature)
As a society, we have attempted to control the effects of drugs by legalizing certain potions, such as alcohol, nicotine and medicines and declaring everything else illegal. It was oniy a matter of time before a drug set us on our heels. Welcome...
Light on Your Wallet: Top Lighting Solutions for Managers. (Ductape)
Skyrocketing utility costs are forcing property managers to reign in their energy expenditures and adopt more efficient lighting solutions. Property managers can control costs by applying several new lighting technology solutions. Numerous products...
Looking Back.And Forward. (from the Top)
Anniversaries are usually a time for reminiscing, for acknowledging the achievements of the past. Certainly, as the Institute celebrates its 70th anniversary this year, we have much to be proud of. The hundreds of men and women who have led and served...
On Guard: Security Contracting Is Serious Business, So Make Sure You're Prepared. (Special Report)
Contracting security continues to be the most expensive line item on any property manager's budget. However, properly securing any commercial property should be handled by the experts allowing property managers to focus on what they do best: managing...
Popular Attractions: Nowadays Managers and Owners Must Offer Creative Incentives to Attract and Retain Tenants. (Spotlight)
As the old property management saying goes: "Tenants aren't part of the business. Tenants are the business." Until recently, a combination of competitive renewal rates and generous concessions was sufficient to effectively market commercial real...
Safety 'Net: Technology Can Make Your Building a Safer Place. (Neo Tech)
Property managers spend a majority of their time aiming to provide the safest possible environment for their customers. The complexities of the real estate environment are significantly greater than other industries because we interact with a host...
Shelter from the Storm: New IRS Tax Shelter Regs Take a Closer Look at Transactions. (10-40)
When you say "tax shelter" to a real estate professional, the reaction is usually one of dismay followed by a complaint about the Tax Reform Act of 1986, with its passive loss rules, depreciation changes, partnership limitations and adverse capital...
Skyline Success: Managing an Icon. (Famous Properties)
As manager of 311 South Wacker Drive, one of the more distinctive high-rise properties to grace Chicago's world-famous skyline, Insignia/ESG, AMO [R] can attest to the challenges of operating an office tower that has become a symbol of urban architecture....
The Architecture of Change: New Workplace Trends Drive Office Space Changes. (Spotlight)
While it's true workplaces of the future will not be defined by any singular design, they will be driven by work process. As the business world gains an increasing appreciation of the knowledge worker, traditional measurements such as job tides, seniority...
The REIT Way: In Today's Economy, Investors Set Their Sights on Real Estate. (Verbatim)
Real estate investment trusts (REITs) remain the darling of today's investors. Thanks to the liquidity, transparency and stability they bring to commercial real estate and three successive years of outperforming the S&P 500 and Nasdaq, investors...
Under Coverage: With New Insurance Company Exclusions on Mold and Terrorism Insurance, Owners and Managers Need to Do Some Careful Planning to Find Appropriate Coverage
Faced with rapidly increasing and unpredictable claims costs, he insurance industry has, over the past year, methodically excluded insurance coverage for mold and domestic terrorism losses on virtually all property and general liability insurance policies...
You've Got the Power: Aggressive Energy Management Is Key to Controlling Operating Costs. (Feature)
A dramatic increase in natural gas prices over the past few months, amplified by a natural gas futures market mirroring these high prices, indicates many U.S. properties will encounter significantly increased energy costs for the remainder of this...