Pictured from left: BOMA International President Henry Chamberlain, BOMA Canada Chairman Michael Miceli and BOMA Canada President Diana Osler–Zortea.Last night President Obama gave his first State of the Union address. What is your opinion of the state of the union after his speech?
Take our poll. Results will be published in the next issue of e–News.
See the results of the Jan. 14 e–News poll.
FEATURED SPONSOR
Costs – Pre-crushing can cut recycling costs by 50 percent
Storage – Holds up to 1,350 4´ lamps in a single 55 gallon drum
Time – Crush a 4´ lamp in less than 1 second
Safety – EPA & OSHA Compliant, captures over 99.99 percent of vapors released
Start Saving Today! Learn more at www.AirCycle.com or call 800–909–9709 for more information and pricing.
Last week Senator Tom Carper (D–Del.) and Senator Susan Collins (R–Maine) introduced S. 2947, the Fire Sprinkler Incentive Act of 2010. BOMA International supports the legislation, which includes tax incentives for property owners to retrofit commercial buildings with automatic fire sprinkler systems by reducing their depreciation from 39 years to five years. Benefits of this legislation would include lower local fire department costs, increased loan activity, reduced insurance claims and premium costs, and increased retrofitting and installation jobs. Last year, Congressman Jim Langevin (D–R.I.) introduced the same bill in the House of Representatives. The House version, H.R. 1194, currently has 111 cosponsors.
BOMAPAC recently took part in a real estate-focused fundraiser for Congresswoman Melissa Bean (D–Ill.). An ally of the commercial real estate industry, Congresswoman Bean twice opposed legislation that would nearly double the taxation on carried interest, an incentive commonly used in commercial real estate partnerships. A member of Congress since 2005, she is vice chair of the New Democrat Coalition, a group of moderate, pro-growth Members of Congress, and also serves on the Financial Services Committee. She represents Illinois´s 8th district, which includes portions of Lake, Cook and McHenry Counties.
Representatives from BOMA/Indianapolis and other business interests recently testified before the Indiana House Committee on Labor and Employment against a bill that would allow unions to file mechanics liens on behalf of its members. House Bill 1179 passed out of Committee on a party line vote and is expected to pass the House along the same lines. It is not expected to pass the Senate, where a similar bill is looming.
| Pictured from left: BOMA International President Henry Chamberlain, BOMA Canada Chairman Michael Miceli and BOMA Canada President Diana Osler–Zortea. |
BOMA International recently hosted a meeting with the board of directors of BOMA Canada to discuss complementary programs, joint interests and future opportunities to work together. Issues discussed included green initiatives and programs, benchmarking building performance and bringing leadership and owner groups together on a regular basis. A highlight of the meeting was the signing of a Memorandum of Understanding (MOU).
Want to know more about the MOU and what happened at the meeting? Watch this video. (http://www.youtube.com/bomainternational)
BOMA´s Medical Office Buildings and Healthcare Facilities Conference brings together top industry leaders to discuss the hottest issues affecting medical office buildings, hospital systems and ambulatory care centers. This year, the premier education and networking event for medical office and healthcare building professionals will feature:
Register today. (https://www.one-stop-registration.com/bomam2010/OSR.index)
FEATURED SPONSOR
Learn the specialized language of real estate valuation! The new edition of the dictionary includes more than 5,000 definitions and seven glossaries pertaining to business valuation, statistics, architecture, construction, agriculture and the environment. Created by appraisers, this new edition will help you communicate better with real estate professionals. Order Today! (http://www.appraisalinstitute.org/REdictionaryBOMA)
Get your 2009 year–end operating data ready—BOMA´s 2010 Experience Exchange Report (EER)® survey is now open! Here is how easy it is to participate:
Submit your data and you will:
Learn more about how the EER can help you achieve peak performance. (www.bomaeer.com)
Since the first skyscrapers began shaping our skylines, BOMA has set the standard when it comes to measuring buildings. BOMA is ushering in a new era of office building measurement with the long–awaited release of Office Buildings: Standard Methods of Measurement and Calculating Rentable Area, available now. Here is what you can expect from the new standard:
For more information, visit the BOMA Bookstore. (http://shop.boma.org/showItem.aspx?product=333OFSTD09)
You know your building is managed and operated to the highest standard, but do your stakeholders know it? In this market, they need to. Here are three ways the BOMA 360 Performance Program can raise the profile of your best–in–class building.
For more information about the BOMA 360 Performance Program, visit www.boma.org/getinvolved/BOMA360.
What determines the number of years over which you bill back a capital item? Can a landlord start amortizing a capital project in January that is not completed until August of the same year? How do you determine the interest on a CapEx amortization? On Tuesday, February 16, BOMA´s Webinar Reconciling 2009 Escalations: Calculating Gross Ups, Expense Caps, and Capital Amortizations will feature escalations experts who will answer your questions and clear up some of the confusion that lies around the escalations process. Escalations can represent 10 to 20 percent of a portfolio´s revenues, so it's imperative to understand how the process works, perform the calculations correctly and explain them appropriately to tenants.
Visit BOMA´s new Knowledge Portal to register for this and other Webinars.
http://live.blueskybroadcast.com/bsb/client/CL_DEFAULT.asp?Client=239614&PCAT=1765&CAT=1812
FEATURED SPONSOR
The American Forest & Paper Association (AF&PA) Recycling Awards recognize outstanding business, community and school paper recycling efforts. 2010 award winners will receive a cash prize, framed original artwork, local and national recognition, and will be featured on www.paperrecycles.org.
Visit paperrecycles.org for complete award descriptions, criteria and entry forms, as well as recycling statistics, case studies and a variety of free resources.
A Texas–based firm is seeking an experienced Transaction Manager to be located in Dallas or Austin. Responsibilities will include negotiating building access agreements on behalf of clients. Candidates must have commercial real estate experience, and be able to negotiate with property managers and asset managers. Candidates also must possess an understanding of telecommunications infrastructure. The ideal candidate will be able to coordinate with internal teams and senior managers on project initiation and execution. This is a great opportunity for property managers, brokers and/or transaction managers with two–to–five years of experience looking for an exciting position with a growing firm. The position is full time and will be based in our client offices. Salary range will be based on experience but will likely be in the range of $50,000–55,000 per year. Health benefits are available, as well as paid time off. Apply today. (http://boma.selectleaders.com/candidate/viewjobdetails.do?jid=17214&eid=8011&sortfield=date&jobs_srch_res.offset=0&pageNumber=1&order=desc&type=doSearch&keywords=&jobsPerPage=20&location=&searchRadius=50)
