Content related to ‘Property Management’
This resolution gives building owners and tenants the capacity to make informed decisions to drive energy efficiency improvements, while the aggregate nature of the data protects the privacy of occupants.
As the 10-year anniversary approaches, commercial real estate and facilities management professionals are still reinforcing the resulting changes and integrating new best practices to keep their buildings and occupants safe.
Dolores Bocian is the new Chairman, while Vyetta Sunderland, BOMI International’s current Chairman, has remained on the Board as Immediate Former Chairman. Greg Grainger is the Vice Chairman, and Dave Fagone is Secretary/Treasurer.
Who is held accountable if a building or a leased space within a building is out of compliance with building codes?
The survey found that, when it comes to tenant satisfaction, BOMA 360 buildings consistently outperformed a comparable set of commercial office buildings that have not achieved the 360 designation.
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.
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.
Looking for ideas for the 40th anniversary of Earth Day on Thursday April 22? Check out these suggestions from Jones Lang LaSalle executives.
Facility managers have to deal with some unusual situations. But when it comes to getting rid of demons, well, that takes facility management to an entirely different level.