Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 72, No. 4, July-August

Abstract Thinking: Outsourcing Lease Abstracting Allows Managers to Focus on Core Competencies
I recently reviewed a Fortune 500 company's lease. It was altered by nine amendments, resulting in a document totaling more than 800 pages. As a result of the amendments, the allowance for tenant improvements, CAM charges, go dark, exclusivity, co-tenancy,...
AMO Spotlight
To earn IREM's Accredited Management Organization (AMO) designation, a company must demonstrate a high level of performance, experience and financial stability, and have a CPM in an executive position. AMO firms must meet ethics and other stringent...
Chapter Star Recognition
Congratulations to these chapters that earned Star status for their 2006 chapter activities. They were acknowledged at the Leadership & Legislative Summit. Seventy-five chapters were recognized as Three, Four, and Five Star Chapters, demonstrating...
Corporate Culture: Integrating Ethics into Corporate Culture Takes Work, but Makes Job Easier
In order to become a CPM, ARM or ACCREDITED COMMERCIAL MANAGER, we all must take a pledge that we will continue to subscribe to the Institute's Code of Professional Ethics before we can become certified in our career of choice. [ILLUSTRATION OMITTED]...
Course Listings
Course Listings JULY MKL405 July 9-10 San Diego MKL406 July 9-10 San Diego HRS402 July 11-12 San Diego ETH800 July 13 San Diego ASM603 July 16-17 Pittsburgh ETH800 July 18 Harrisburg, Pa. ASM604...
First Born: Country Club Plaza in Kansas City, Mo., Is an Ever-Changing Historical Beacon
Lifestyle shopping centers are staples in today's fast-paced, consumer-driven world. But one in particular is a staple in the history of lifestyle shopping center development. In 1922, real estate developer J.C. Nichols envisioned building a major...
Going for the Gold: Host of 2010 Winter Games Plans on Healthy Investment
All cities that host Olympic Games hope for a resulting economic shot in the arm--and in their real estate markets--that will last long after the games are over. Vancouver, British Columbia, a Canadian municipality and host of the XXI Olympic Winter...
Institute Renews Focus on IREM Foundation, Hires Executive Director
Russ Salzman, IREM Chief Executive Officer and Executive Vice President recently announced the appointment of John Chikow as the first full-time executive director of the IREM Foundation. Craig Suhrbier, IREM Foundation Board president, and Rob...
Members Receive IREM Foundation Awards
The IREM Foundation honored three members through its professional recognition awards program at the Leadership and Legislative Summit in Washington, D.C., in April. The awards recognized the real estate professionals for their dedication, major accomplishments...
On Track to Success: Transit-Oriented Development Attracts Real Estate Investors, along with Retail Tenants and Customers
The town of Westwood, Mass., is about to undergo a transformation. Dominated by a 135-acre industrial park, businesses have come and gone--mostly gone--in recent years, and the town has had to rely more heavily on residential property taxes instead...
Performance Enhancement: Treat the Cause of Poor Work, Not Just the Symptoms
A person is found unconscious on the floor of his apartment. When the paramedics arrive, should they: A) Rush him into the ambulance and drive to the hospital? B) Set up an IV of lactated ringers for hydration, and administer an antibiotic? ...
Rules of Engagement: Privatization of Military Housing Creates New Opportunities for Property Managers
A little more than a decade ago, residents and property managers of housing units on military bases were beholden to U.S. Defense Department budgets for basic property repairs. It was money that often would not materialize. As a result, routine maintenance...
RVP Corner
Skinner (Skip) Anderson, CPM, ARM, is the IREM Regional Vice President for Region 12, where he oversees chapters in Alaska, Idaho, Montana, Oregon, Washington and Wyoming. Anderson also serves as president of Riverside Management Company Inc., AMO,...
RVP Watch
IREM announces the 2008-2009 Regional Vice Presidents. They were elected at the Leadership and Legislative Summit in April, and will serve for a two-year term. Region 1 -- Mel Cote, CPM Simons Real Estate Group West Hartford, Conn. Will...
Security Shopping: Today's Shopping Centers Require Integrated Security Solutions
I am unique in that I have twice as many clothes as my wife. I am not unusual, however, in that I love shopping centers and malls. [ILLUSTRATION OMITTED] In the last decade, malls have become historical town centers where an ever-increasing amount...
Soft Targets: Recent Violence at Shopping Centers Prompts Property Managers to Carefully Evaluate Security
Historic Trolley Square is a trendy mall in Salt Lake City known for its unique shops and restaurants enclosed in old trolley barns dating back to the 19th century. It's also known for a deadly shooting rampage that happened earlier this year. [ILLUSTRATION...
Talking Trash: Greening Waste Removal Saves Money and Environment
An effective solid waste management program may not save the world, but it can help protect the environment and generate significant cost savings for owners and tenants. Greening a comprehensive solid waste management program employs a four "R" strategy:...
The Global Effect: IREM Must Maintain Focus on International Program to Remain Relevant to Profession
As president of IREM, I've had the fortunate experience of traveling around the world to increase awareness of the Institute and the real estate management profession at large. Traveling to Russia, China, Chile, France, Korea and most recently Japan,...
What's Old Is New Again: Real Estate Investors and Managers Green Existing Buildings Rather Than Build New
Energy conservation was the National Geographic Society's goal when the organization opted to renovate its headquarters in Washington, D.C., to make it green. Energy cost savings and increased property values--along with minimum impact on the environment--were...
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