Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 69, No. 2, March-April

... and Coverage for All: Emerging Options in Environmental Insurance Provide Affordable Coverage for Properties of All Sizes
The owner of a real estate portfolio buys environmental insurance for all of their properties at an attractive price to protect against future environmental problems. A seller is able to close a deal by paying a one-time premium for environmental insurance...
Brake Your Claims: A Safe Work Place, Early Claim Processing and Post-Injury Programs Reduce Worker's Compensation Costs
In last year's California governor's race, Arnold Schwarzenegger made the high cost of worker's compensation the centerpiece issue, as increased expenses are driving business out of the state and forcing many employers to cut jobs. The problem is not...
California Greening: Sacto's Eco Example
The Joe Serna Jr. Cal/EPA Headquarters Building is the apex of the Sacramento skyline. The 25-story, 950,000-square foot structure rises above its neighbors not only in height but as an archetype for environmental stewardship and energy efficiency,...
Can We Talk? New Automation Solutions Foster Unprecedented Communication between Building Systems
Historically, technology fails to meet our expectations. We often get sold on the value of a certain application or technology, but rarely is that value fully realized. Ultimately, the challenge of using technology effectively is being sure operations...
Churn Down the Heat: Underfloor HVAC Systems Allow Easy Space Reconfiguration and Improve Comfort
Underfloor air distribution (UFAD) systems, which offer targeted cooling and a high degree of flexibility, historically have been used in data centers (see sidebar) where powerful equipment generates a lot of heat. But, as cubicles have become increasingly...
Color Your World: Existing Buildings Can Be Reborn Green through Environmentally Friendly Changes That Boost the Bottom Line
Talk of the green building movement pervades the media and most discussions of new construction. But what about the 45 million existing U.S. office buildings? How can owners and managers "green" a property and reap the resulting environmental and economic...
Ethics Committee Update
At the Education Conference in November, the Board of Ethical Inquiry reviewed seven new cases. Two cases were forwarded for hearing, four were dismissed and one will be investigated. The board reviewed three CPM reinstatement applications as well...
Grab Hold of Mold: Proactive Strategies Such as Operations and Maintenance Plans Can Keep Mold Issues under Control
Dear Landlord: As a tenant in your building for the past year, I have been exposed to mold growth within my unit. There is visible mold near the ventilation duct and on the ceiling in the bathroom. I have been experiencing nausea, shortness of breath...
Green Research Guide
CERTIFICATION & RECOMMENDATIONS When researching green options, look for "third-party" certification. The EPA specifies third-party certifiers must have an open, public process for developing criteria, a system of data verification, peer review,...
IREMFIRST, a New Member Benefit
IREMFIRST (For Information, Research, Solutions and Training) is an online knowledge management database created by the Institute and designed to afford members with a wealth of information, documents and research on topics they need to effectively...
No Distance Too Far for EI Paso
For years EI Paso Chapter No. 84 struggled in vain to overcome the high costs of providing its small group of members with the required classes to earn IREM designations. The chapter was also hindered by the fact its somewhat remote location made it...
Reduced Returns: Proper Handling of Security Deposits Is Key to Avoiding Complaints
Complaints about security deposits represent a sizeable number of the total cases presented to the Board of Ethical Inquiry. The Board first determines whether the complaint is a landlord vs. tenant contract dispute over the return of the security...
Retail Reassignment: Successful Naval Base Conversion Adopts Community's Vision, History
Once a temporary home to pilots, the former Glenview Naval Air Station now hosts a decidedly more upscale group in search of shopping rather than soaring. The decommissioned base in suburban Chicago has been transformed into The Glen, a 1,121-acre...
Risky Business: Managers Should Address Potential Environmental Liabilities through Well-Thought-Out Lease Protections
When it comes to environmental liabilities, the Comprehensive Environmental Response, Compensation and Liability Act of 1980 (CERCLA) is alive and well. Under CERCLA, both landlords and tenants are potentially responsible parties (PRPs), as each have...
Service with a Smile: Working with Non-Profit Organizations Builds Leadership Skills, Values and Contacts
Well-known author and Harvard professor James E. Austin calls non-profit service the invisible side of leadership. In fact, research indicates an individual and/or company whose values are based on service creates far-reaching benefits well beyond...
Spotlight on Seoul: Despite Recent Economic Hardship, Korean Real Estate Takes a Great Leap Forward
In the wake of South Korea's 1997 financial crisis, a new economy has emerged that is attracting both property managers and investors. The country re-paid a $19.5 billion debt to the International Monetary Fund (IMF) in 2002, signaling the end of five...
Tips for a Smooth Base Conversion
The Department of Defense plans to make public a list of recommendations for the next round of military base closures in May 2005. Glen Town Center developer Dene Oliver, CEO of OliverMcMillan, encourages other communities to view these future base...
Turf Battle: Finely Tuned Watering Practices Keep Gardens Green While Saving Precious Resources and Capital
The hissing of summer lawns is no longer considered beautiful music to many ears. Over-watering not only threatens the ecosystem and budgets, but also quietly shortens the life cycle of plants and erodes structural property elements. Creating a...
Wauk On: Retail Outshines Softer Multifamily and Office Sectors in Less Volatile Milwaukee Market
While the Milwaukee real estate scene is not impervious to the national trends of high vacancies, increased concessions and lowered rents, according to local practitioners, the Wisconsin city tends to experience these to a lesser degree than other...
Weather or Not: New Meteorological Programs Wield the Power to Pinpoint Areas at Greatest Risk for Flooding
Tropical Storm Allison slammed into southeast Texas in early June 2001, unleashing nearly 27 inches of rain in less than nine hours in Houston and more than 36 inches of total precipitation during the five days the storm was in the area. Property damage...
What'sup? News and Notes from IREM[R] Headquarters
COURSE NUMBERS KEY ARM001 - ARM Certification Exam Preparation Seminar ARMEXM - ARM Certification Exam ASM603 - Commercial Real Estate Financing and Valuation - Part One ASM604 - Commercial Real Estate Financing and Valuation - Part Two...
Why Growth Is Essential
Those of us who hold the Institute's prestigious credentials share a distinct advantage in the real estate industry that documents our professionalism and, indeed, enhances our income. This advantage must continue to be offered to others in real estate...

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