Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 68, No. 5, September-October

Accent on Ethnicity
From Los Angeles to Seattle, Atlanta to Vancouver, shopping malls are taking on a decidedly ethnic flavor. As the number of Asian and Hispanic consumers continues to grow, retail developers can no longer afford to ignore these ethnic groups. Those...
As the Retail World Turns: Changing Consumer Behavior and Demographics Drive New Retail Concepts
The retail shopping center is a living, breathing concept that is ever evolving. Today's retail centers are different from those of yesteryear. Property managers of these centers must hone their skills with the latest technology, follow the economic...
Automating the Lease Flow: Technology Can Help Streamline Lease Processes
Every industry has sales activities at some level. Some sales are highly formal and involve complex legal documents. Other less formal processes support or lead directly to the exchange of goods or services. As real estate companies have matured, a...
Automation Aids Retail Expense Recovery
Retail lease administration is more complex than ever. Yet, a surprising number of owners and managers still perform sophisticated calculations--including expense recoveries--manually, with a minimal degree of automation. This leaves their organizations...
Blah, Blah, Blah
Ask any property manager; complaints are a part of the job. Some think the office is too hot, others think it's too cold. It seems you just can't please everyone. The International Facility Management Association (IFMA) recently surveyed its members...
Chapter Spotlight: Bring on the Bucks: Memphis Chapter No. 20 Gives Members a Good Reason to Participate
Members of Memphis Chapter No. 20 seem to always get what they want. Whether through educational offerings, networking with other area associations, luncheon speakers or "IREM Bucks," chapter leaders strive to fulfill member needs in any way possible....
First Annual JPM[R] Readers' Choice Awards: Who's the Best?
WHO's The Best? That's what the Journal of Property Management is asking its readers to decide. In its First Annual Readers' Choice Awards, the Journal wants to know which suppliers are the best at providing those products and services you depend...
Food for Thought: Ferry Building Retail Renovation Takes an Artisan Approach
More than two years ago, the hands on the 240-foot Ferry Building clock lurched to a stop and it took a team from the City of San Francisco and a private developer to start it ticking again. The Ferry Building, built in 1893, originally served as...
Governing Council Nominees Announced
The slate of nominees for the Governing Council for the 2004-2006 term will be: Donna L. Allen, CPM, ARM, Pittsburgh, PA Kenneth G. Allen, ARM, Kent, WA Shannon E. Alter, CPM, Santa Ana, CA Sheila A. Austin, CPM, Franklin, MI Billie...
In Good Company: Leadership and Innovation Guide AMO[R] Firms through Industry Changes
Whether the year is 1933 or 2003, one truth prevails: success in the real estate management industry has always been about choice, not chance, to be pursued, not promised. As real estate companies dodge the many mergers, acquisitions and bankruptcies...
Membership Privileges: New Income/expense Studies Give Members Real Page-Turners
The 2003 versions of the Institute's Income/Expense Analysis[R] provide detailed information about operating revenues for office buildings; condominiums, cooperatives and PUDs; conventional apartments; federally-assisted apartments and shopping centers....
Money Grows on Fee$: Mall Managers Can Increase Revenue with Specialty Leasing Programs
The history of "specialty leasing" is said to have begun some 30 years ago at Fanieul Hall Market Place in Boston. The concept was to add an element of surprise to the property's common area, by lining the streets throughout the property with craftsmen...
Ohhhh Canada! Self-Regulation Helps Strengthen the Industry
Positive, proactive and professional. These are terms that best characterize today's Canadian real estate management industry. Canadian real estate markets are doing very well thanks, in part, to the industry's focus on self-regulation and professionalism....
Outlet and About: Retail Market Changes Bode Well for Outlet Centers
One percent. That's the market share of annual retail sales contributed from the nation's 260 outlet centers. Of the $1.2 trillion in total retail sales in the United States, a comparatively modest $15 billion is attributed to outlet shopping, according...
Pairing Off: Shopping Centers Partner Up with Sponsors to Generate Ancillary Income
Shopping centers are turning to sponsorship revenue to increase the bottom line and remain competitive in a challenging marketplace. A sponsor-partner is usually defined as a company using the center as a conduit to reach consumers without directly...
Parking Network
Parking Network When it comes to today's retail market, the quality of the parking experience is a key driver of a center's success. A number of products and services available today can help the retail manager maximize parking revenue. COMPANY ...
Point, Click, Tax? Myths and Realities of Internet Taxation
The concept of Internet taxation has generated a great deal of inflamed rhetoric, combined with some misinformation. It's important to keep the parties straight and to identify what facet of Internet activities could give rise to taxable events. With...
Protective Lease Provisions: Landlords Can Avoid Conflict with CAM Clauses
Retail developers and managers agree the success of their shopping centers hinges in large part on the image the centers present to potential tenants and customers. Consequently, maintenance expenses are one of the largest budgetary line items faced...
Retail Prevails: Lifestyle Centers Put Retail out in the Open
When the recession hit, industry insiders proclaimed the multifamily market would withstand the downturn better than other property types. But, retail sector has proven to be the most resilient. According to Marcus & Millichap research, retail...
Roppongi Hills: Mori's Magnificent Mall
Imagine the Guggenheim Museum on top of Rockefeller Center. Add the Empire State Building's observation desk and put Trump Tower and the Plaza Hotel next door with Madison Avenue and Rodeo Drive at its feet. What you'd have is Tokyo's new Roppongi...
Sunny Days: A Bright San Diego Real Estate Market Continues to Shine
Like its perennially glorious weather, the San Diego real estate market is experiencing a ray of" sunshine amidst the current gloomy national real estate picture. "Compared to many other cities, San Diego continues to be a strong market," said Joe...
The Percentage Lease: A Necessity during the Depression
"Store Leases," by A.E. MacDougall in the February 1937 JPM[R] issue provides historical insight on the percentage lease. During the Great Depression, landlords had to negotiate percentage leases with extremely low minimum payments or even "no minimum"...
Vertically Challenged: As Urban Space Dwindles, Retail Is Looking Up
Urban developers face a dilemma when it comes to retail. There are plenty of potential shoppers downtown and lots of retailers who would like to reach them. But with land getting pricier by the year, the traditional approach of building a low-rise,...

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