With new changes in codes and environmental regulations on the rise, how are San Diego's property managers handling the impacts on building operating costs? The Daily Transcript, along with the Building Owners & Managers Association San Diego, examines this issue and provides some important property management tips.
IntelliDOT Corp., a health care information technology company based in San Diego, has signed a five-year, $1.75 million lease for office space in Legacy Sabre Springs, a two-building, 281,830-square-foot Class A office project at 13500 and 13520 Evening Creek Drive North in the Interstate 15 corridor.
Once a vision for the future, intelligent buildings are now a reality. Buildings that offer next generation technologies have a competitive edge in today's leasing market. More and more, tenants are shopping around to see if the building next door might offer technology that their current office space does not. In order to retain and attract tenants, owners and managers of commercial high-rises are working to integrate an array of new and innovative technologies into their building infrastructure.
The warm desert climate was part of the attraction, but more than 400 delegates and guests recently traveled to Tucson, Ariz., to participate in committees, task forces and special interest groups as well as learn about the state of Building Owners and Managers Association International.
Property managers face unique challenges associated with today's increase in retail/mixed-use properties, especially as it relates to working with the requirements of both components, whether in new developments or conversions and renovations of existing properties.
For property owners and managers, tenant improvement construction can be a sound investment for attracting desired tenants and securing new leases. Depending on the particular space and potential clients, the best timing for tenant improvement construction can vary from before the space is presented to after the lease has been signed. So how do you know what is right for your building? There are several things to consider to maximize the investment potential of building renovations and tenant improvements.
Commercial real estate professionals are invited to participate in an unprecedented opportunity to meet with local elected officials and water pollution experts at a special Earth Day seminar hosted by BOMA San Diego. The event will take place Thursday, April 22, from 8 to 11:30 a.m. at One America Plaza, second floor auditorium, 600 W. Broadway.
Reducing operating costs is always top-of-mind for building managers across the San Diego region and their budgets are hit hard when it comes to maintaining landscapes. Property managers want to offer their tenants beautiful environments and outdoor spaces, but let's face it, we live in an area that receives little rainfall throughout the year. Ninety percent of San Diego's water is imported from resources outside of the region and the threat of a water shortage is always apparent, making water conservation very important.
This will be a year dominated by coverage of the presidential campaign, yet the business of government will continue. There are a number of issues before Congress this year that will greatly impact commercial real estate and business in general.
Due to an unseasonable heat wave that drifted across the state recently, the fear of a blackout loomed over California as a Stage I electrical emergency was declared. Demand for electricity rose as the temperature escalated increasing air conditioning usage and causing electricity reserves to fall below seven percent.
It was an online revolution that began with residential real estate. Seemingly overnight, anyone could quickly access multiple listing services and pick out a house and neighborhood with a complete demographic picture of the area.
Thinking of sub-dividing or expanding your space on your own? Think it's just a matter of putting up a wall or tearing one down? Think you don't need a building permit? Think again. If you're doing more than carpet installation or painting, you need a building permit.
A decade ago, the concept of green buildings was hard to define and difficult to put into practice. However, more and more buildings are registering for certification under the Leadership in Energy and Environmental Design (LEED) Green Building Rating System from the U.S. Green Building Council.
According to Kurt Kammerer, principal of the energy consulting firm K.J. Kammerer & Associates, commercial buildings are the largest single consumer of electricity, consuming up to 38 percent of energy usage. Of that, lighting is the most predominate end use, accounting for 40 percent of total consumption and 33 percent of peak demand of commercial consumers. Electricity costs can make a considerable impact on a building's bottom line, however with a little thoughtful interior design planning, building owners and managers can experience substantial savings.
During the 1990s, and even into early 2000, the need to have strong relationships with professionals outside your organization that specialize in the construction industry diminished. Business was good, obtaining credit was easy and relationships were taken for granted.
Most successful tenant improvement projects are the result of smart planning in the early stages. A proactive planning approach can be very helpful in sidestepping the headaches that might otherwise plague a project.
Today's construction projects can be extremely complex, often requiring the input of dozens of specialists -- all of whom need to communicate with each other. Designers, for example, must interact and communicate daily with diverse personalities in order to inform clients, present proposals, listen to subconsultants, deal with public officials, respond to contractors and resolve inevitable conflicts. In this "sue-first-and-ask-questions-later" world, any or all of these personalities could be the source of a claim against your firm.
R.S.I. Roofing opened its doors a decade ago, in Pacific Beach. In 1997 the company moved to a 7,000-square-foot facility in La Mesa.
^Rhule Construction Co. recently completed tenant improvements for the headquarters of Burnham Real Estate, one of Southern California's oldest and largest full service commercial real estate firms. Their downtown office is located in the Plaza on 110 West A St.
The rise in popularity of the design-build construction process has been occurring for the past decade. According to the Design Build Institute of America it is currently employed in over a third of all U.S non-residential construction projects. The technique has become widely used because it ensures a reliable project delivery process where the designer and general contractor work in tandem with the building owner.
San Diego's office market may have stumbled briefly last year, but it has come back strong, and so have the industrial and retail markets. In a recent survey, Gary Baragona, CB Richard Ellis (CBRE) senior management coordinator, said that while the problem may be most acute in downtown San Diego, the entire county has a critical shortage of office space.
This special report, produced in partnership with the San Diego Building Owners and Managers Association, examines the issues and trends facing property managers and commercial real estate owners today.
The Daily Transcript is pleased to partner with BOMA San Diego to present the annual Property Management report. This feature takes a look at the firms and people involved, as well as the issues and trends in commercial real estate.
In this special report, we take a close look at some of the hot issues in property management, as well as provide crucial tips to succeed in the San Diego market.