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Millennial managers seek challenges, mentoring and a fast track.

Owners and managers of private-sector office buildings significantly trimmed costs related to utilities, security and roads and grounds from 2012 to 2013. According to the Building Owners and Managers Association International and Kingsley Associates, security expenses declined 14.5 percent and utility costs fell 12.4 percent. Roads and grounds expenses make up only about 2 percent of office operating budgets on average, but those costs dropped 14 percent year over year. As the chart below shows, other expense categories held steady or posted a slight decline. For more about smart budgeting strategies, be sure to read “Hold the Line” in the February issue…

Triple-net, single-tenant properties have experienced cap rate compression to all-time lows in recent years.

The last quarter of 2013 for the commercial real estate investment market set the pace and tone for 2014.

Jones Lang LaSalle’s 2013 National Office Market Report revealed that the U.S. national office market absorbed 13 million square feet of space during 2013’s fourth quarter, the highest level recorded since 2007.

By Randolph T. Mason, CCIM, SIOR, Partner, Commercial Realty Specialists: Curious as to what a potential landlord may be looking for from you as the tenant? Read on.

By Reinor Bazarewski, Associate Director, Fitch Ratings: Revenue changes for U.S. equity REITs appear to have been generally less cyclical through the most recent economic cycle than those of traditional corporate issuers while exhibiting relatively less volatility overall.

By Marcelo Bermúdez, President, Figueroa Capital Group, subsidiary of Charles Dunn Co.: One of the recurring issues a business or real estate professional deals with is what has been called the “Google Effect,” which confuses popularity of information with its actual quality.