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.
"You don't miss your water till your well runs dry," sang by Joni Mitchell decades ago, holds so very true today. Though today you can turn on the tap anytime, there is an underlying tension about what lies ahead of us as it relates to future water shortages. Water districts and fire marshals in the states of Arizona, Colorado, Nevada, New Mexico and California are concerned that we are on the verge of a major water crisis.
Let's face it. If property managers and tenants could work out their problems without getting their lawyers involved or going to court, they would. So what business practices should a property manager adopt to minimize tenant litigation while still properly administering a project? Here are three principles to use to achieve this: prevention, consistency and dialogue.
Historically, CB Richard Ellis has been one of the largest commercial property management companies in San Diego. CBRE manages more than 12 million square feet of office, industrial and retail space with 14 managers and 40 employees dedicated to local asset management.
More than 100 BOMA leaders from all around the country convened March 12-13 at the nation's capitol for the BOMA International National Issues Conference. Though BOMA chapters work frequently with local government representatives, the annual conference is a time when BOMA representatives are able to meet personally with their representatives on Capitol Hill to discuss issues crucial to the commercial real estate industry. At this year's conference, BOMA members were able to educate staff members on commercial real estate priorities from a local and national perspective.
OLYMPIA, Wash. -- A measure that would require warranties on new homes appears to be dead this session, with Speaker of the House Frank Chopp saying the bill needs more work.
BALTIMORE -- Fed up with litter, loud music late at night, public urination and drunken behavior, homeowners in the neighborhood of a Johns Hopkins University fraternity hope a zoning technicality will help them get the frat boys out.
MYRTLE BEACH, S.C. -- A ruling by a bankruptcy court judge has stopped a developer from turning at least part of a North Myrtle Beach golf course into condominiums.
COTO DE CAZA, Calif. -- An Orange County man has filed applications to trademark the name of the enclave where he lives as well as several other communities.
On Sept. 30, 2006, Gov. Arnold Schwarzenegger signed Assembly Bill 1169, which has since been codified as Civil Code Section 1946.1. This statute, a companion to Civil Code Section 1946, went into effect Jan. 1, 2007 and requires landlords to provide a tenant with 60 days notice prior to a proposed date of termination. This newly enacted statute doubles the previous required notice of 30 days.
The county of San Diego is always looking for ways to reduce electrical usage and demand; and particular interest involved the HVAC system (last upgraded in 1998).
Building owners, property managers and homeowners all have one thing in common: a roof over their structure that is either energy efficient or not.
Everyone would probably agree the caliber of service provided by any contract security firm is directly related to the quality of training its security officers receive. But can the same be said for the quantity of training they receive? Do more hours in class equate to better performance on the job? Far from it. Yet, in the security industry, quantity is still king.
Consider these statistics: The commercial office building industry spends approximately $24 billion annually on energy and is the single-largest operating expense for office buildings, typically a third of variable expenses. With such a large investment made each year in this valuable resource, BOMA International wanted to assist BOMA members in making environmentally friendly decisions for their properties by creating an online resource, the Green Resource Energy and Environment Network, or GREEN, viewable at www.boma.org/green.
The U.S. Environmental Protection Agency (EPA) has named Building Owners and Managers Association (BOMA) International as an Energy Star 2007 Partner of the Year for its outstanding contributions to reducing greenhouse-gas emissions by promoting energy management in commercial buildings. BOMA received the award in the "Energy Efficiency Program Delivery" category at a ceremony March 21 in Washington, D.C., that honored 80 businesses for their efficiency accomplishments.
The San Diego Building Owners & Managers Association (BOMA) has established itself and is well-known in the business community as a legislative force representing the commercial real estate industry in the city and county of San Diego, and nationwide through partnerships with BOMA California, BOMA International and a number of other national real estate organizations. With nearly 300 members, BOMA San Diego represents more than 25 million square feet of commercial office space in San Diego County.
The U.S. Environmental Protection Agency (EPA) estimates that the real estate management industry can reduce energy usage by up to 30 percent simply by improving building operating standards. If a 1 million-square-foot portfolio can reduce its energy consumption by just 10 percent, it would be the environmental equivalent of removing almost 5,000 cars off the road for one year.
Property managers and landlords often ask, "How long should I keep the files of my former commercial tenants?"
Homeowners and commercial and residential property managers have the continuous responsibility of making sure their structures are safe and comfortable. This is achieved through routine maintenance, but there's always a chance that the unexpected may happen -- like a busted pipeline or fire -- and result in devastation to tenants and property owners.
Today the No. 1 reason owners want synthetic turf for their residences is dogs. In the near future, the top reason is expected to be water.
Mary Howell seems to be in a hurry as she enters her San Diego office. She speeds into the building, downing a cup of Starbucks coffee.
OLYMPIA, Wash. -- A measure that would require warranties on new homes appears to be dead this session, with Speaker of the House Frank Chopp saying the bill needs more work.
BALTIMORE -- Fed up with litter, loud music late at night, public urination and drunken behavior, homeowners in the neighborhood of a Johns Hopkins University fraternity hope a zoning technicality will help them get the frat boys out.
MYRTLE BEACH, S.C. -- A ruling by a bankruptcy court judge has stopped a developer from turning at least part of a North Myrtle Beach golf course into condominiums.
COTO DE CAZA, Calif. -- An Orange County man has filed applications to trademark the name of the enclave where he lives as well as several other communities.
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.
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