Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 68, No. 1, January-February

All in the Family. (What's Up?)
In an age where real estate companies are constantly growing and merging, small, family businesses are no longer commonplace. However, at the Baltimore-based Wallace H. Campbell & Co., Inc., AMO[R], which handles investment real estate, leasing,...
A Shopping Odyssey: In Retail Market, the Only Constant Is Change. (Spotlight)
The often used phrase "the only constant is change" aptly describes the history of retail properties in the United States. Every decade new retailing concepts are developed to meet, anticipate or create the needs and desires of consumers. These new...
A World of Opportunities: Property Management Is Going Global in a Major Way. (Spotlight)
Like Lemuel Gulliver, the main character in Jonathon Swift's classic novel, Gulliver's Travels, real estate professionals voyaging into foreign waters are apt to encounter exciting adventures in the way of unique business opportunities. Large or small,...
Baltimore Sun: CBD Redevelopment Provides Bright Spot in Market. (Metroscope)
Given the successful rejuvenation of Baltimore's Inner Harbor shopping district in the late 1980s, it should come as no surprise Charm City is experiencing another renaissance with respect to downtown development. "Baltimore is beginning to function...
Change in Spain: Recent Legislation Helps Property Managers Gain a Toehold. (Passport)
To speak of real estate management in Spain is to speak of the Spanish Real Estate Administrators. Real estate management dates back to 1936 with the first organization located in Barcelona. Official recognition of the profession came in 1968 with...
Does Not Compute: Software Compatibility Is Essential for Global Transactions. (Neotech)
As real estate owners and managers branch out into markets outside the United States, they face a host of organizational, personnel, process and technology challenges. There are a number of challenges to be carefully planned for and managed to provide...
Doesn't Add Up: The Scope of a Compliance Audit Goes Far beyond That of a Traditional Accounting Audit. (Spotlight)
As we begin 2003, the challenges to maintain profitable residential property management operations are greater than ever. The current economic turmoil has management firms searching for ways to improve their properties' Net Operating Income (NOI)....
Fiduciary Fallout: Putting Clients' Interests First. (Higher Ground)
While fiduciary obligations to clients are addressed in numerous sections of the Code of Professional Ethics of the CERTIFIED PROPERTY MANAGER[R], perhaps Article 1 sums it up most thoroughly, staring, "CERTIFIED PROPERTY MANAGERS shall at all times...
Fix It or Forget It: Deciding Whether to Repair or Replace Major Appliances Can Be a Tough Choice. (Ductape)
The major appliance repair-or-replace rule-of-thumb has traditionally been based on cost. If an appliance's repair estimate is 50 percent of the price of a replacement and the item is seven to 10 years old, you should replace, according to Mike Kozlowski,...
Found in Translation: Adoption of Worldwide Technology Standards Is Key to Doing Business Overseas. (Spotlight)
Like most professions, real estate has experienced profound transformations with respect to technology. The development of high-speed communications has made the world a smaller place. Property managers wishing to reap the benefits in this new, global...
Future Tense: 2003 Forecast: A Year of Doldrums, Not Despair. (Feature)
Weak fundamentals and a limping economy will likely mean another year of doldrums for the real estate industry. Rising vacancies, downward rents and corporate layoffs will soften U.S. real estate markets for yet another year in 2003. According to...
Ginza I: Power Tower. (Knowitall)
Located in the heart of the Ginza District, the most prestigious shopping area in Japan, the Ginza I Tower stands tall amid a myriad of sleek, sophisticated office buildings and retailers. Its 1-1-3 Ginza address makes the tower a neighbor to such...
Institute Elects 2003 National Officers. (What's Up?)
President During last November's Education Conference in Dallas, Patricia A. Nooney, CPM[R] of St. Louis, was elected 2003 IREM[R] president. Nooney is senior vice president of asset management and treasurer of American Spectrum Realty, Inc., a...
It's a Mall World: Changing Shopping Patterns Provide World-Class Opportunities. (Spotlight)
Do you enjoy shopping at familiar stores, no matter where you are? With retailers such as Robinsons, The Body Shop and Starbucks investing abroad, shoppers will soon be able to explore their favorite shops around the world. As a result, those...
Making the Grade: Student Housing Is a Growing Market Niche. (Verbatim)
If you've visited a college campus recently, you have no doubt noticed a big change in students' living quarters. The traditional dorm room has been replaced with high quality student apartments equipped with the latest amenities and design. Student...
Membership Committee Makes Changes to Job Functions. (What's Up?)
During the recent Education Conference, the Membership Committee approved several changes related to membership requirements. First, both CPM and ARM functions were revised to align with the job analysis discussed at the committee's April 2002 meeting....
Party Favorites: With Careful Planning, Broker Parties Can Reap Real Results. (Feature)
An overabundance of office space on the marker has resulted in commercial owners upping the ante to get their buildings leased. To score a tenant, owners are showering brokers with big incentives, everything from shiny new convertibles to flight time...
Read the Fine Print: Global Contracts Should Include Several Important Provisions. (Legalease)
As the globalization of the economy progresses, the U.S. real estate industry will face more opportunities to engage in domestic transactions involving international companies. This trend will have a significant impact on agreements used by owners...
Rent Check: The Ins and Outs of Setting Multifamily Rent Prices. (Feature)
It's likely the average resident assumes the figure their landlord arrives at for a monthly rent may seem arbitrary, if nor altogether unreasonable. However, as you are aware, a great deal of calculation and planning goes into the formulation of rent...
Up on the Rooftop: When It Comes to Maintenance, Metal Roofs Come out on Top. (Feature)
Ask any building owner or maintenance engineer land they'll tell you roof maintenance is a costly, ongoing process during the life of a commercial building. Because the average commercial structure has a useful life of 50 years, the low life cycle...
West Nile Virus: Protect and Prevent; Managers Must Take Steps to Ward off Dangers of Disease-Carrying Insects. (Feature)
Unheard of five years ago, the recent outbreak of the mosquito-borne West Nile virus has now become a round-the-clock threat to our nation's residents and workers. According to the Centers for Disease Control (CDC), West Nile virus is a disease that...
Working Abroad: Growth of Borderless Business Fuels Employment Opportunities. (Speakeasy)
The "exporting" of real estate talent began in earnest in the mid-1970s as international construction companies such as Bechtel and Bovis, supported by urban planners, transportation specialists and facilities experts, built massive public works and...

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