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“Should 5% appear too small, be thankful I don’t take it all.” Taxman (c) The Beatles, 1965 Property values are declining in virtually all sectors of commercial real estate and with local governments seeking relief any way they can get it, assessments are rising. In New York, starting in January the Department of Finance released their tentative assessment listings planned for 2010. Not surprisingly the assessed value was up for all major groups. Most notably, apartment buildings rose 7.8% and commercial buildings went up 9.9%. Single family residences didn’t escape the increases either, rising by 4.41%. All of this designed…

Consider for a moment the above inquiry. It is merely a simple (if not terribly creative) tactical question, designed to engage a prospect in conversation. Think about it for a minute—even if you don’t use the phrase yourself, have you ever seen it fail to evoke the desired response? Me neither. There’s a similar phrase that’s been circulating through the design and building industry for the last few months; it may sound somewhat different, but, in reality, it’s pretty close to prodding about the weather. The question is “Are you staying busy?” What a layered and peculiar question that is!…

Sometimes news events remind me of the ancient plagues. Just when you thought things couldn’t get any worse, frogs rain down from the heavens or a comedian gets elected from Minnesota. In a way, that kind of makes sense because after electing a professional wrestler governor, a comedian was the next step. I do wonder if they ever called Jess Ventura the First Wrestler, instead of governor. (Expect to see a clown from Minnesota in the House of Representatives in 2012. There are quite a few there already.)   Florida is one of those states in transition, with elderly residents…

Delaware Apartment Association Expands Scope of Services Since the economic crisis began, the apartment industry has looked for a variety of ways to help renters stay in their apartments. But sometimes, despite these efforts, residents do lose their homes. The Delaware Apartment Association wants to help. As Kevin Wolfgang, President of the Delaware Apartment Association, points out, multifamily professionals are on the front lines of this hardship and they witness the devastating impact on families. “Renters want to know where they can turn for information and help. Through our own experiences as apartment operators and our involvement in task forces,”…

 According to McKinsey & Co.’s recent report, “Unlocking Energy Efficiency in the U.S. Economy,” investing in energy-efficient buildings now will lead to $1.2 trillion in savings, as well as reduce the nation’s energy consumption by 23 percent, by 2020. “Green building can stimulate the economy at a level one and a half times larger than the federal stimulus bill,” says Rick Fedrizzi, president, CEO and founding chairman of the USGBC, one of the 12 sponsors of the report.  “By leveraging existing green building approaches, like LEED, which is rooted in holistic and integrated design, we have the ability and capacity…

Coney Island: Balancing Profit with Personality The Long Island beaches and the Jersey shore are both just a day trip away from my home, but my family sometimes enjoys staying within city limits for our beach outings. We like being able to get on the subway in our neighborhood and be at Rockaway Beach or Coney Island an hour later. Coney Island in particular (my new favorite) possesses a gritty urban vibe that I really like. As Sebastian Smith explains in his travel report at TheAge.com, “The decline of Coney Island began more than half a century ago as urban…

OK, let’s be transparent with one another for a while, shall we? How many of you in the service provider industry know anyone who is still working full time who hasn’t taken a pay/perk/benefit reduction of some kind over the last 18 months? For those of you who haven’t, kudos and congratulations, and may the force be with you. For the rest of us, who, from what I can tell, constitute the vast majority of all professionals, sacrifices have been made in the interest of mutually supporting our peers, or in some instances, even our organizations. Here in California, as…

What do Bentley Prince Street’s Cool Carpet, Arbor Contract Carpet, WeatherTRAK Smart Water Management by HydroPoint Data Systems Inc., Post Properties’ EcoActive program, The Tower Companies’ “Beyond Green” program and Forest City’s “Roadmap to Intrinsic Sustainability” have in common? They were all winners of MHN’s 2008 Green Initiative Awards! (Click here for details about last year’s winners.) With sustainability an increasingly “hot,” albeit important, topic, more and more companies are paving the way for a greener future. Whether it’s a recycled-content carpet, technology that creates a rational irrigation schedule based on the landscape or a corporate initiative pledging a company’s…

“I think you’re bluffin’.” John Wayne in The Man Who Shot Liberty Valance, (1962) (C) John Ford In what I can only attribute to political gamemanship, the Right to Rent program is making its way around the Hill, seeking support for what will surely amount to be the epitome of a liberal agenda. According to industry pundits, labor unions and very socially liberal organizations, those renting homes that are foreclosed need protection against losing their housing due to proceedings designed originally to turn the asset and get it back on the market as soon as possible. Rather than just asking…