Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 66, No. 3, May

2001 Real Estate Race: The Tortoise by A Hare
The hare may be fast and frisky, but judging by the state of today's dot.com market, there's something to be said for the tortoise. Slow and steady is winning the real estate race. Indeed, as Kenneth P. Riggs, Jr., CEO of Chicago-based Real Estate...
Bridging the Workplace Gap
From Town Square to Copy Room 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,...
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...
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...
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...
Forecasting the Future
A critical aspect of managing property in today's real estate marketplace is planning for the future. Increasingly, owners and investors arc requiring real estate managers to perform long-term forecasting functions. For example, in order to effectively...
Insurance Requirement Encourages Renter Responsibility
The National Fire Protection Association estimated that in 1999 more than $842 million in property damage occurred in apartments. With insurance deductibles ranging between $10,000 and $25,000 per occurrence, property owners' costs for property, liability...
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...
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
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-line...
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...
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-too-common accidents waiting to happen caused...
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...
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...
The REIT Road Solid and Safe
Increased consolidation, expanding income strategies, portal pipe dreams, and the shedding of marginal properties all characterize today's changing REIT market. Since the 1990s, real estate business has became more professionally managed, owned and...
Understanding Credit Risks of Today's Tenants
According to Moody's Data, if you lease to non-investment grade tenants, you can expect an 11-28 percent chance that they will default over a five-year period. As real estate managers find themselves increasingly leasing space to New Economy companies,...
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 across-the-board policies no longer work. Instead, they are opting...

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