Content related to ‘BOMA’
The Building Owners and Managers Association (BOMA) International’s Board of Governors recently passed two new policy positions in response to important, emerging issues. Foreign Investment in Real Property Tax Act (FIRPTA) Policy Position: BOMA International supports amending, if not the outright repeal of, FIRPTA to increase the amount of foreign capital invested in the U.S. commercial real estate market. Background: FIRPTA discourages the investment of foreign capital in U.S. real estate by treating a gain or loss by a foreign investor from the sale of a U.S. Real Property Interest (“USRPI”) as if such gain or loss were effectively connected with a U.S. trade or business. Such policy is completely at odds with the tax treatment of other types of investments. Currently, a foreign investor faces no U.S. tax liability from income realized from other forms of investments, such as stocks and bonds or the interest earned on U.S. bank accounts, to name a few. Therefore, BOMA International supports amending, if not the outright repeal, of FIRPTA.
Allocating Common Area Maintenance (CAM) Charges in Mixed Use Properties and Other Strategies for Managing Live–Work–Play Developments should be a helpful resource for anyone involved in mixed–use properties.
BOMA International applauds Congress’ recent passage of the $859 billion tax bill, which includes provisions that will strengthen commercial real estate and economic recovery.
Three organization reach an agreement to develop and market an online training program for BOMA International’s 2010 Office Floor Measurement Standard, Office Buildings: Standards Methods of Measurement (ANSI/BOMA Z65.1 – 2010).
A new BOMA-Kinsley Report includes articles on the advantages of benchmarking for industry practitioners and analyzing energy expense trends.
This September marks the seventh annual National Preparedness Month, and FEMA, the Red Cross, and many local communities are encouraging businesses to assess their respective levels of readiness.
BOMA’s standard is designed to serve the interests of building owners, managers, and occupants as well as facility managers, brokers, appraisers, assessors, lenders, insurers, developers, construction and design professionals, and others.
The decrease in total operating expenses illustrates what commercial real estate managers noted all year: there is considerable pressure to reduce operating expenses and maintain strong net operating income.
The standard, developed by BOMA International and the Society of Industrial and Office Realtors® provides guidance on how to measure the floor area of industrial buildings.
Under current executive authority, the Obama Administration has the ability to use over 30 existing federal programs worth $72 billion to enhance efficiency in commercial buildings and multifamily housing, with no new legislation.