boma greater cleveland 1st quarter 2014 newsletter

7/22/2019 BOMA Greater Cleveland 1st Quarter 2014 Newsletter

1/12

BOMA

WATCH

As promised we have a whole new look for 2014

and beyond! These changes have brought new

ways to keep in touch with us. We are excited

to announce that we have launched three

social media platforms. Follow us on Twitter

(@BOMACle) and also join the BOMA Greater

Cleveland groups on LinkedIn and Facebook. We

have been updating them regularly for the last

several weeks.

This year is going to be full of changes. We have

our brand new event (Vertical) in April and have

an awesome Centennial Celebration planned for October. We are also doing

away with our weekly BOMA Bulletin that had previously been emailed every

Friday; instead, we will have a monthly Bulletin with more information and

meatier articles.

1STQUARTER 2

NEW YEAR. NEW LOOK. SAME BOMA.

WINTER BUSINESS MEETING AND NATIONAL ISSUES CONFERENCE

The mission of the Building Owners & Managers Association of

Greater Cleveland is to provide advocacy, professional development,

networking and economic savings opportunities for its members.

2014 BOMA Annual Partners

Cornerstone

Constellation

RWK Services, Inc.

Leadership

GCA Services Group, Inc.

Harry S. Peterson, Inc.

Jani-King of Cleveland

Janitorial Services Inc.

Leff Electric

Sustaining

Boak & Sons Roofing

The Brickman Group LTD

Cleveland Thermal

BOMA Internationals Winter Business Meeting and National Issues Conference for 2014 took place in Washington

DC, from February 2-5. Every Opportunity to Succeed was unveiled as the theme for this year. On the nal day of the

conference BOMA members from across the country visited Capitol Hill and met their local Congressional representa

tives on various issues affecting the commercial real estate industry (see separate story on page 11).

One of the biggest takeaways from the conference was an update on the advocacy work on codes that BOMA Interna

tional has taken the lead on. Their efforts resulted in savings to the commercial real estate industry of over $3.50 per

square foot. Some of the victories included prohibiting all existing buildings over 5 stories tall to install and/or update

reghter air breathing replenishment systems, retrotting of all electronic leak detectors on all plumbing xtures and

major truck water pipers, and mandatory installation of a radon reduction system in EPA-designated high radon prob

ability areas. SEE NATIONAL ISSUES CONFERENCE ON PAGE 10


2/12

2

JANICE PARHAM|Executive Vice President

[email protected]

BOMA Greater Cleveland turns 100 this year! We are only

7 years younger than BOMA International our umbrella

organization. There are numerous changes that we are

implementing as we approach this milestone, but many

things will remain the same. For example, you will continue

to receive the best advocacy, professional development and

networking available. You will still receive top news and action

items, but we will be changing the way that we send that information to you.

In order to serve you best, please keep us posted of changes in your life promotions,

new jobs, address, phone number and email. We try not to inundate you with email

you should expect the BOMA Bulletin to arrive near the middle of each month and

meeting invitations once or twice a month. We will also send the occasional email to

remind or inform you about certain things, for example, road closures or approaching

deadlines.

Shifting gears, I would like to encourage you to participate in the EER survey which

is now open. Did you know that unaudited 2013 yearend nancial statements

are acceptable? Everyone that contributes their data receives a FREE expense

performance comparison on your building, priority access to 2014 EER reports,

save 25% or more on all EER product purchases and recognition for BOMAs 360

Performance Program.

Finally, the 2014 Membership Dues deadline was January 31st. If you have misplaced

your invoice please let us know. Dont let your BOMA membership lapse, you will miss

too much! I hope to see you at a BOMA General Membership Meeting, EducationalSession, Ask the Expert Program or a Happy Hour this year. If you have a topic for

consideration be sure to call or email me and we will take it from there.

So Ive Been Thinking

Executive Committee

Chairman | Bill McCarthy, RPA, FMA, SMA

Carlyle Leader LLC

Chair Elect | Marianne Compton, RPA

Forest City Commercial Management

Vice Chair | Byron Bright, MCR

Progressive Companies

Secretary/Treasurer | Judy Simon, CPM

Cushman & Wakefield/Continental Realty

Past President | Tom Kroth, CPM, RPA

Jacobs Real Estate Ser vices

Board of Directors

Brian Cappelli, RPA

Forest City Commercial Group

Rich Estremera, FMA

KeyBank Corporate Real Estate

Renee Evans, RPA

Harbor Group

Diana Lis

Behringer Harvard

Tim Luli, RPA, CPM

PlayhouseSquare Real Estate Services

Pat Osborne, SMA, RPA

Jacobs Real Estate Services

Ed Prabucki, SMA, RPA

Jones Lange LaSalle

Allen Shema, RPA

Weston Inc.

Nick Sislan, FMA, RPA

Q Management Group

Laura Soble, FMA, RPA

PNC Bank

John Tepfenhart800 Superior LLC

Chris White

Boak & Sons Roofing

BOMA Staff

Janice Parham

Executive Vice President

Vicki Neece

Office Administrator

Scott Esterly

Director of Governmental and

Community Affairs

BOMALEADERSHIP

RWK Services is a leading green facility service

provider headquartered in Northeast Ohio

We provide nationwide support toproperty management professionals withexcellent, sustainable janitorial services

and otherfacility service solutions

Let us help you build your success

440-526-2144

Find us onlineRWKServices.com

Celebrating 30 years of building success

CORNERSTONE PARTNER


3/12

3

UPCOMING EVENTS

IMPORTANT DATES

Vertical 2013Thursday, April 3, 2014

Holiday Inn Cleveland - South (Independence)

Trade show: 1:30PM to 5:00PM

Lunch with Keynote Speaker:

Len Komoroski, CEOCleveland Cavaliers and

Quicken Loans Arena

12:00PM to 1:30PM

Break-out sessions beginning at 2:00PM

Closing reception at 5:00PM

.

Board of Directors Meeting

Wednesday, February 19, The Club at Key

Center

Commercial Real Estate Happy Hour

Thursday, February 27, Porcellis Bistro

Board of Directors Meeting

Wednesday, March 19, The Club at Key

Center

RegisterOnline!

bomacleveland.org/events

2014. Constellation Energy Resources, LLC. The offerings described herein are those of either

Constellation NewEnergy-Gas Division, LLC or Constellation NewEnergy, Inc., affiliates of each otherand subsidiaries of Exelon Corporation. Brand names and product names are trademarks or service

marks of their respective holders. All rights reserved. Errors and omissions excepted.

Constellation is the endorsed energy

supplier to BOMA of Greater Cleveland.

Start the conversation and call 888.232.5975

or visit Constellation.com/BOMACleveland.

Whatever you need,weve got it.

Constellations energy solutions are designedto give you exactly what you want.

Commercial Real Estate Happy Hour

Thursday, March 27, TBA

CORNERSTONE PARTNER

Advocacy Day at the Statehouse

Tuesday, April 29, Columbus, Ohio


4/12

4

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Class A Offices

Fortune 500 Companies

Healthcare Facilities

Colleges / Universities

Multi-Tenant Office Buildings

World Headquarter Locations

Contact: Kristen Yankovitz

Phone: 216.341.8601 Email: [email protected]

Www.jsijanitorial.com

Providing Quality Services for 45 years

LEADERSHIP PARTNER

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5/12

5

MEMBERSHIP CORNER

Committee Connection

BOMA Bravo! Bravo!

Associates Council Chair Chris White (Boak & Sons Roong) convened the committee

this month to continue nalizing plans for BOMA Greater Clevelands inaugural

Vertical event. More information on Vertical can be found on page 3.

Centennial Task Force Members met in November and February to continue

planning BOMA Greater Clevelands 100th Anniversary Celebration that is scheduled

for October 11th. More details will be coming soon!

Emerging Leaders The group, led by Chair Alan Hazzard (KeyBank Corporate Real

Estate Solutions), took a tour of Progressive Companies Campus I in Mayeld Village

earlier this month. In December the group heard presentations from Emerging Leaders

in the suburban market and had a group discussion about corporate responsibility.

Congratulations Lindsay Hach (Inland American Ofce Management) was awarded

the MVP (Most Valuable Property Manager) for 2013 by Inland American Ofce

Management.

Congratulations - Rich Estremera, FMA, (KeyBank Corporate Real Estate) became a

grandfather to Jordyn Rakosy. Jordyn was born on January 7th.

Congratulations Chris Yagersz, CPM, (CBRE) was named by the Northern Ohio

Chapter of the Institute of Real Estate Management (IREM) as the Certied Property

Manager (CPM) of the Year for 2013.

Have an item for BOMA Bravo! Bravo!? Email it to [email protected]

BOMA OHIO

Welcome BOMA Greater

Cleveland New Members

The Illuminating CompanyEnergy Provider

Rep: Mike Hrdy, 440-546-8644

Norton IndustriesCeiling Sales, Cleaning & InstallationRecycling ServicesRep: Jeremy Suess, 216-228-6650

323 Lakeside AvenueRep: Al Krist, Jr.Geis Properties, 216-214-3398

Cleveland FBI BuildingRep: Catherine KassoufCleveland Assets, 216-785-2580

Ernst & Young TowerRep: Joe KearneyCBRE, 216-400-6926

Higbee BuildingRep: Nick SislanQ Management Group216-704-2715

On February 14th, BOMA Ohio convenedin Columbus for its rst quarter meeting

of the Board of Governors. BOMA Greate

Cleveland was represented by two of its

Governors: Marianne Compton (Fores

City Commercial Management), and

Scott Esterly (BOMA Greater Cleveland).

THE GOVIES

BOMA Ohio was awarded a GOVIE

(Government Affairs Awards oRecognition) from BOMA Internationa

during the Winter Business Meeting &

National Issues Conference (see picture

to the left). The award was for the

campaign to defeat 2013s proposed

expansion of the states sales tax

Members from Cleveland, Cincinnat

and Dayton were on hand to accept the

award.


6/12

6

The International Property Measurement Standards

Coalition (IPMSC), of which the Building Owners and

Managers Association (BOMA) International is a

member, has launched a public consultation on the new

International Property Measurement Standard (IPMS)

for ofce buildings. The three-month consultation,

closing on April 4, 2014, is calling for real estate ofce

sector practitioners and stakeholders to contribute their

expertise to the new standard. The standard, produced by

the IPMSC Standards Setting Committee, is the rst of its

kind and will provide a common language for measuring

ofces across international markets, beneting real

estate practitioners including investors, lenders, agents,

valuers and occupiers.

The IPMS will ensure that property assets are measured in a

consistent way, creating a more transparent marketplace,

greater public trust, consistency in the reporting of

property size, stronger investor condence and increased

market stability. At present, the way property assets

such as homes, ofce buildings or shopping centers

are measured varies dramatically from one market to the

next. With so many different methods of measurement

in use, it makes it difcult for global investors, occupiers

and tenants to accurately compare space. Research by

global property rm Jones Lang LaSalle suggests that,

depending on the method used, a propertys oor area

measurement can deviate by as much as 24 percent.

Strengthening public accountability of the IPMSC, the

coalition can now announce the appointment of a

Board of Trustees. Members from each of the coalition

organizations are represented on the board, chaired by

Ken Creighton (RICS), with Vice Chair Lisa Prats (BOMA

International) and Secretary General Jean-Yves Pirlot

(CLGE). The coalition also conrms a number of new IPMS

members joining the coalition. Property Council of New

Zealand (PCNZ), Asian Non-Listed Real Estate Vehicles

(ANREV), Assoimmobiliare, National Society of Professiona

Surveyors (NSPS) and Japan Association of Real Estate

Agents (JAREA) have committed to the standards program

bringing the IPMSC to 28 organizations.

Change Around the Cornerfor Global Real Estate

International Property Measurement Standards

Coalition (IPMSC) Launches Public Consultation

on New International Measurement Standard

and Appoints Board of Trustees

For nearly a century, BOMAs

Experience Exchange Report

(EER) has been the industrys most

trusted benchmarking resource

thanks to the thousands of

property professionals who

share their data each year. As

market conditions begin to improve, this years EER will be

more valuable than ever. Thats why your participation in the

2014 EER Survey is so important. Sharing your buildings

income and expense data via the EER Survey makes the best

benchmarking resource for commercial real estate even better.

The deadline to share your data is March 31, 2014.

Complete the survey today at eer.boma.org

_ _ _ _ _ i

BOMA INTERNATIONAL

BOMA INTERNATIONAL


7/12

7

New Board Membersfor BOMA Greater Cleveland

At the Annual Business Meeting in November wewelcomed ve new board members. We want totake a moment to introduce them to everyone.

Please welcome our newest members of theBOMA Greater Cleveland Board of Directors:

Diana LisBehringer Harvard

Pat Osborne, SMA, RPAJacobs Real Estate Services

Nick Sislan, FMA, RPAQ Management Group

Laura Soble, FMA, RPA

PNC BankJohn Tepfenhart800 Superior LLC

Chris White, Chair of Associates CouncilBoak & Sons Roofng

LEADERSHIP PARTNER PAID ADVERTISEMENT

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Call Scott at the BOMA Center

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or email him at

[email protected]

for details.


8/12

8

14th AnnualBusiness

MeetingOn November 21st we held

our Annual Business Meeting,

Awards & Installation Luncheon

at Windows on the River. We

previewed our new marketing

video, named the rst BOMA

Stars, and welcomed ve new

board members. It was a great

event!

WHATS HAPPENING...


9/12

9

The programs are:

The CORNERSTONE partner

total value of package: $13,170

your cost: $10,000

exclusive representation by industry segment.

The LEADERSHIP partner


your cost: $5,000

The SUSTAINING partner


your cost: $3,500

Other marketing and sponsorship opportunities: buildyour brand with BOMA; share your knowledge throughvarious educational vehicles; or, place your mark inthe BOMA Bulletin, on the brand new BOMA websiteor in the BOMA Watch newsletter. Also, reduced rates(earlybird specials) are available for some of BOMAGreater Clevelands larger meetings.

Not quite sure what you are looking for? Call the BOMACenter and we will work with you to customize a packagethat ts your companys needs.

BOMA Greater Cleveland partners will be in a uniqueand tremendously advantageous position to meet andinuence the decision-makers in the commercial reaestate industry. BOMA is a valuable ally and resource

as you expand your companys market. Imagine thebenets of standing out from your competitors with thisenormously powerful group of decision-makers.

Call the BOMA Center to learn more and get signed upthe full partner program details can also be emailed toyou - just email Vicki at [email protected] oJanice at [email protected].

Become A BOMAGreater Cleveland Partner

Membership in BOMA Greater Cleveland has

numerous opportunities to successfully grow

your business. Participation in meetings,

activities and events is a key component to being

recognized by current and potential customers.

Company name recognition is a critical piece to

being acknowledged as a leader in your industry.

The 2014 Partner Program enhances those

opportunities and is divided into three distinct,

but overlapping programs that will enhance

your recognition and support of BOMA Greater

Cleveland. It also provides the option of pre-

registering for meetings.

LEADERSHIP PARTNER


10/12

10

LEADERSHIP PARTNER

National Issues ConferenceContinued from page 1

BOMA International also showcased some things to look

forward to: over 800 healthcare real estate professionals

are expected to attend the 2014 BOMA Medical Ofce

Buildings (MOB) Conference in Nashville, TN. Some more

big news regarding the MOB: Cleveland will host the

conference in 2015! BOMA International is also conductinga communications audit to improve and streamline overall

communications to members and local associations.

Traveling from Cleveland were: Chairman Bill McCarthy, RPA,

FMA, SMA, Brian Cappelli, RPA, a Board Director and a current

member of BOMA Internationals Executive Committee,

Government Affairs Chairman Byron Bright, MCR, and staff

members Janice Parham and Scott Esterly. Stephen Stoner

from BOMA Akron attended the legislative meetings as well.

Left column, top: The delegation meets with Congressman Jim

Renacci.

Left column, bottom: The group meets with CongressmanDavid Joyce.

Right column, top: The group meets with Congresswoman

Marcy Kaptur.

Right column, bottom: The group outside of Congresswoman

Marcia Fudges ofce.


11/12

11

Terrorism Risk Insurance: In the aftermath of 9/11 manyowners of commercial properties were informed by theirinsurance providers that terrorism would be excluded from their

policies. Without terrorism insurance it is difcult, and perhaps

impossible, to operate or acquire properties or renance loans.

In 2002, Congress passed the Terrorism Risk Insurance Act

(TRIA) to provide a federal backstop. It was extended in 2007

and is set to expire at the end of 2014. BOMA International

will advocate for the TRIA to be extended until the insurance

industry is prepared to accurately underwrite and assume the

whole risk.

Leasehold Depreciation: Depreciating leasehold improvements

at a rate of 1/39th per year until the improvement goes out of

service runs counter both to common sense and the reality of

the marketplace. BOMA International will continue to advocate

for leasehold improvements to be put on a permanent 15-year

depreciation schedule.

Fire Sprinkler and Roof Tax Incentives: Retrotting a building

for re sprinklers is an expensive and labor intensive endeavor.

With re safety being as critical as it is to commercial properties,

it only makes sense for tax incentives to aide in this process.

The incentives will be especially attractive to older buildings

that were built before there were any re sprinkler guidelines

or requirements.

New roofs protect the integrity of the entire building structure,increase energy efciency, and add to the economy as a whole

by spurring activity within the construction industry. Older, less

efcient roofs are a daunting nancial project to nance. Tax

incentives will help property owners and managers replace

dangerous and nonperforming roofs. Both re sprinklers and

roofs are on the unreasonable 39-year depreciation schedule.

The ve members of Congress that our delegation met

with consisted of: U.S. Senator Sherrod Brown, and U.S.

Representatives Marcia Fudge, David Joyce, Marcy Kaptur, and

Jim Renacci. You can see pictures from our legislative visits on

page 10.

The Government Affairs Committee for BOMA Internationa

also approved two new policy positions regarding EV (Electric

Vehicle) charging stations and e-cigarettes. The new policies

support the rights of property owners to decide whether or not

to install EV charging stations at their buildings and support the

rights of property owners to establish appropriate policies and

procedures, subject to prevailing federal, state, and local laws

for e-cigarettes.

GovernmentAffairs Watch

To wrap-up our coverage of the Winter Business

Meeting & National Issues Conference, here are

the issues affecting the commercial real estate

industry that we spoke with our Congressiona

delegation about.

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11


12/12

BOMA 360Landmark Cleveland Building Receives Designation

Cleveland is now home to seven BOMA

360 buildings. Nationally, nearly 700

buildings carry the elite designation.

200 Public Square (managed by Harbor

Group Management) joins the Terminal

Tower, Skylight Ofce Tower, Post Ofce

Plaza (all three managed by Forest

City Commercial Management), Fifth

Third Center (Behringer Harvard), the

Howard M. Metzenbaum United States

Courthouse (GSA), and KeyTower (Jacobs

Real Estate Services) as Cleveland area

buildings with the BOMA 360 designation.

The BOMA 360 Performance Program

evaluates commercial properties in six

major areas: building operations and

management; life safety/security/risk

management; training and education

energy; environment/sustainability; and

tenant relations/community involvement

Earning a BOMA 360 designation offers

buildings tangible results measured

through higher tenant retention and

satisfaction scores, higher renta

rates and documented operations and

management savings and efciencies

as reported in designee surveys and by

Kingsley Associates and CoStar.

Most notably, 94 percent of tenants inBOMA 360 buildings report high overal

satisfaction.

200 Public Square

200 Public Square, Suite 209

Cleveland, Ohio 44114

216.575.0305

boma greater cleveland 1st quarter 2014 newsletter

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