Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 62, No. 5, September/October

A Luxury Conversion
Sam Roti has his work cut out for him. As presidenc of Chicago-based Markwell Properties Development Inc., he is converting an Art Deco landmark office building into 14 luxury condominium units. "We have to remove the barriers of peoples perceptions...
A Stated Location
Faced with too much retail and not enough office space in the Tallahassee market, Mark Centers Trust of Kingston, Penn., undertook the challenge of converting most of a fully enclosed mall into office space for several agencies of the Florida state government....
A Texas Sized Bargain
Buy low. That strategy was adopted by Randy Alexander when purchasing an 18-story turn-of-the-century abandoned utility company building in the heart of Fort Worth's financial district. As it turned out, Alexander paid nothing for the 150,000-square-foot...
Becoming Your Own Mentor
Not too many years ago, it was quite common for a manager to spend an entire career with one company-showing promise, working hard, and gradually moving through the ranks to a position of authority. Even a decade ago, many of us remember the experience...
Big Box to Tele-Service Center
While every adaptive reuse project requires creativity, not every innovative idea comes from the private sector. In Newport News, Va., Paul E Miller, director of planning and development for the City of Newport News and secretary to the city's industrial...
Change from the Inside Out
Although power centers have already become candidates for reuse themselves in some cities, power boxes are eager for infill locations near successful regions. By "demalling" an aging center into exterior facing boxes, Compass Retail (now ERE Yarmouth)...
Image Is Everything
While faucet selection needs to meet a property manager's financial objectives, it also must provide value-added incentives to the resident or potential resident. It is the little extras that can get your building noticed. Upgrading faucers is one of...
It Did Take a Village
Like many other older retail centers, Cameron Village in Raleigh, N.C., once dominated the market but by the 1980s had lost ground to larger, newer regional malls. Originally developed by York Properties, AMO, in 1949 and still managed by the firm, the...
Retooling Corporate Assets: A Good Call for BellSouth
Here's one that perhaps you haven't heard. It may sound like the facilities management equivalent of an urban legend, but according to the source, it is completely true. A well-known bank with 600 branches had lost track of 30 million square feet of...
Software 97
One of the most critical decisions facing real estate organizations is finding the best way to use technology in support of real estate management. At the core of almost all information systems for property managers is the financial accounting and property...
Tax Relief-At Last
TAX RELIEF-AT LAST A historic tax cut package was signed into law on August 6, 1997. The good news is that unlike the 1986 Act, this new law will certainly help the commercial real estate industry. The biggest single bonus for the real estate industry...
The Mall as Educator
If the mall has replaced the village, why shouldn't it become the center for education as well? When Challenger Schools of Salt Lake City was looking for a place to expand its 14-school locations in San Jose, Calif., a vacant Marshall's store offered...
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