Browse Tag: Property management

Using A Key Duplication Kiosk

A photo robotic key cutting vending machine in Chicago

Yesterday, I faced a situation that any commercial real estate agent or property manager will find very familiar: I needed to make a set of duplicate keys. I had three originals, and needed a number of duplicates.

For me, the usual solution for this task is to head down to the hardware store. There I find the friendly neighborhood key cutter and wait for a bit as he or she selects the right blanks, grinds out the duplicates and then buffs them using a wire wheel, eyeballing for a good match all the way.

Continue Reading

New CCIM Leadership Welcomed In Los Angeles

Picture of Mark Macek, 2015 CCIM President
Mark Macek, 2015 CCIM President

New CCIM Leadership For 2015

The CCIM Institute welcomed 2015 President Mark Macek, CCIM, with an inaugural celebration during the organization’s annual business meetings in Los Angeles on Sunday, Oct. 19. A 25-year commercial real estate industry veteran, Macek has served on the CCIM Board of Directors and several key national committees. He is also a graduate of the CCIM Institute’s Jay W. Levine Leadership Development Academy. Other 2015 leadership team members include President-Elect Steven Moreira, CCIM, First Vice President Robin Webb, CCIM, and Treasurer Charles C. (Chuck) Connely IV, CCIM.

Continue Reading

Property Management: Tools, Approaches And Representation

Along with David Meit of Maryland’s Oculus Realty, web-based course provider Grace Hill, web-based property management software vendor Appfolio, and, representing the property management industry, NAR partner IREM all got together recently for an online webinar presentation covering the hows, wheres and whys of successful property management.

The hour-long video is worth a look for a few reasons.  First, it’s not a vendor pitch dressed up as a business conversation.  The topic of property management is looked at from the points of view of the presenters, certainly, but also the live polling questions and interactivity in the session make it a special look into the thorny fundamental problem of property management: how do people who sell for a living get their arms around the problem of property operations? 

Continue Reading

Commercial Property Ownership Experience: Critical To Success

cdcovers/jimi hendrix/are you experienced.jpg
Are You Experienced?

It stands to reason that any transaction you undertake without prior experience is likely to go against you in some way.  Commercial property transactions, as complex as they can be, are no exception.  Lenders, counter parties, managers, brokers, even counsel, all represent their interests to the maximum. When they’re on the other side of the table, you can bet that those interests will be represented at your expense if you lack the ability to see the deal in the terms they do.  You obtain that ability in depth in only one way: through direct experience.  Experience in commercial property ownership and management is critical to success.

Continue Reading

BIM: Toward Smarter Commercial Real Estate

I was taking a closer look at the medical center property market when I came across Carrie Rossenfeld’s very interesting piece about a 500,000 sq. ft. project breaking ground last week.  The UC San Diego Jacobs Medical Center in La Jolla, CA is a big project with a big idea driving the development and the management of the property afterward.

The idea is Building Information Modeling, a design, construction and property management discipline enabled by high technology.  Described as a “flight simulator for building”, BIM is a virtual construction tool/software-enabled technique that generates and manages data about the building throughout its entire life cycle, from design to property management.

Continue Reading


We’re introducing a new regular feature to The Source, guest blogging by one of NAR’s Commercial Affiliate organizations, the Institute of Real Estate Management.  The following was contributed by Karen Altes, Senior Manager of Online Communities for IREM.  We invite you to comment and ask any questions you have for IREM.

NAR Commercial has invited us, the Institute of Real Estate Management (IREM®), to start contributing here on The Source. We are incredibly excited about this opportunity, and we wanted to use our first post to introduce ourselves to you.

Continue Reading