Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 62, No. 1, January-February

A Lone Star Is Reborn
In 1990, the Dallas West Shopping Center stood as a monument to the neglect and decay of the West Dallas neighborhoods that surrounded it. For more than 30 years, retailers had flourished at this corner of Singleton and Hampton, but now many had failed,...
Boom and Bust: Gone for Good?
Even though the overall outlook for real estate is rosy, investors can't help feeling a little edgy. They know all too well that the bad times follow the good times, again and again. So, joy about current market conditions is tempered with caution, Beneath...
Charitable Remainder Trusts and the Property Manager
"I wish I could sell my property, but the taxes would kill me!" Your client, frustrated by the years of minimal cash flow looks at you with a hopeful expectation for inspiration. "What can I do to generate some cash flow from this property?" Enter...
Disaster: A Success Story
Disaster recovery planning is as critical to the operation of real estate as rent collection, leasing, and maintenance. A natural or manmade disaster does physical damage to an asset's value. But the failure to respond quickly and professionally to such...
Energy Audit Leads to Big Savings for Lucent Technologies
The highly publicized spin off of Lucent Technologies from AT&T shows a division that has evolved into a fully independent company. Not so well known are the ways in which Lucent is making itself more efficient as a tenant. Since 1994, the company...
Gatekeepers without Keys?
The pending rulings on telecommunications law have caused a stir in the multifamily industry over its rights. The commotion has been agitated by the Telecommunications Act of 1996, which set goals to encourage competition, remove regulatory delays on...
HVAC Audits
Buildings in the United States consume vast amounts of energy. U.S. commercial buildings used 5.8 quadrillion btu of energy, the equivalent of 1 billion barrels of crude oil, in 1989, according to the U.S. Energy Information Administration. Office buildings,...
IREM Regional Vice Presidents Report 1997
Region 1 Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont Greater Hartford is struggling because of mergers at Aetna, Travelers, and large banking institutions. The result is a 20 percent office vacancy and negative absorption....
Real Estate 97: On an Even Keel at Last?
On an even keel at last? Having weathered the high seas of overbuilding, the storms of economic recession, and the gales of foreclosures, real estate is charting a steady course, sailing, most believe, toward smooth waters. In almost all property types...
Regional Roll Call
During the November 1996 IREM Annual Convention, the Institutes Regional Vice Presidents commented on issues affecting the real estate industry in their areas and nationwide. (All Regional Vice Presidents are CPM[R] members.) James P. Kuntz, Region...
Suite Deal
Executive suites are booming. What does that mean for you? They are called "executive suites," or "working environments," or occasionally even "McOffices." They all basically mean the same thing: short-term office space and services often encompassing...
Take Control: Safeguarding Assets through Good Internal Controls
Some time ago, I audited the property management operations of an office building owned by one of my clients. Since this property was being operated by a small management company, the checking account had only one authorized signer, the property manager....
Telecommunications Invasion: Defending Your Role as Gatekeeper
It's an apartment manager's nightmare: A white van lumbers over the flower bed to get around another van that has parked in your space to get access to a cable feed. All the lines on your phone are lighting up, red as the faces of the enraged residents...
Virtual Reality
If you have ever tried to sell a luxury condo using only a pale watercolor rendering or to lease 50,000 square feet of office with only a floor plan and a carpet swatch, you know the problem. How do you translate the potential of raw construction into...
What Does the '96 Election Mean for Real Estate?
In the two weeks following the 1996 Presidential election, JPM asked several real estate leaders for their impressions on the outcome. Charles S. Wilkins Jr., CPM [R], Senior Vice President, NHP Inc. The Presidential election results were probably...
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