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Potential Impact of Tax Policy Changes on CRE As elections have concluded, commercial real estate leaders are now navigating the effects of anticipated changes in tax policy. With the expiration of significant provisions under the Tax Cuts and Jobs Act (TCJA) in 202 [...]
The Role of Building Operations Professionals in Budgeting for Commercial Properties Building operations professionals play a crucial role in budgeting for commercial properties. They are responsible for ensuring that a building runs efficiently and effectively while also controlling costs. In this post, [...]
A Reinvestment Approach to Budgeting As we continue towards the end of another budget season, many of us are moving through a marathon of long hours to create our budgets. We are working to create a budget that meets the needs of the building and the financ [...]
Revamping Your Property’s Budget The budget season for 2022 is fast approaching. For some property managers it brings anxiety and dread, and others thrive on preparing their budget. Regardless of which category describes your situation, it is clear that [...]
Standards of Measure: Using Calculations of a Newly Remeasured Building BOMA Floor Measurement Standards are very well known throughout the commercial real estate industry. They are so well recognized, that it is common practice to include a reference to BOMA floor standards in standard leas [...]
Standards of Measure: Calculating your Floor Space BOMA Floor Measurement Standards are very well known throughout the commercial real estate industry. They are so well recognized, that it is common practice to include a reference to BOMA floor standards in standard leas [...]
Qualified Improvement Property : How CRE Organizations Advocated for this Fix Qualified Improvement Property has had a tumultuous time these past few years. The Tax Cuts and Jobs Act of 2017 sent QIPs back a few steps via an accidental technicality, and it has taken years for this to be rectified. [...]
Utilities and You: Incentives and Rebates From the western coasts of the Pacific to the eastern shores of the Atlantic, and everywhere in between, utility companies manage the energy, water, and gas used by the commercial real estate industry. Utility companies [...]
Ways to Save: Sustainability Resources Sustainability is an important and tangible concern for everyone involved in buildings, from the owners and staff down to the tenants themselves. The United States Environmental Protection Agency, Department of Energy, a [...]
Ways to Save: Energy Management and Information Systems Identifying, calculating, and managing your energy consumption data is vital for building operations and improvement. Energy Management and Information Systems (EMIS) are an important set of tools to understand and impro [...]
Ways to Save: Low-Hanging Fruit Upgrades to your building’s efficiency are not always expensive, some solutions are cheap, easy, and can be done without buying anything or bringing in a consultant. These low-hanging fruits are great for helping your [...]
Sustainable O+M Purchasing Sustainability is at the forefront of many minds, from building managers to office tenants, sustainable operations are a trendy topic for many in Commercial Real Estate (CRE). Sustainable operations and maintenance (O+M) [...]
Budget Season Resources from BOMA International BOMA’s Common Area Maintenance Guide
Allocating common area maintenance charges in a mixed-use development space can often confuse. This guide breaks down day-to-day strategies to be used when budgeting and allocating [...]
Steps to a Great Budget Originally Published in Aug. 2020It is probably fair to say that 2020 didn’t go according to plan for you and your property or business. In fact, it could be said that is the understatement of the year.One of t [...]
Understanding 179D: Commercial Building Energy Efficiency Tax Deductions Many building owners and designers are moving towards “greener” pastures, but renovating and building environmentally friendly buildings can be costly. To incentivize more eco-friendly design, the United States Gover [...]
Engineering from the Accounting Point of View: How Engineer’s Roles Impact the Bottom Line The bottom line is a term used in accounting that is simply used to refer to net income. Net income is listed at the bottom of an income statement hence the term, the bottom line. To calculate the numerical value for net [...]