Category Archives: Property Managers

BOMA Advocates Commercial Real Estate’s Business Case

BOMA LogoIn BOMA International’s 2015 Industry Issues Report, the Building Owners and Managers Association International highlights information about the makeup of BOMA membership and their impact on the commercial real estate industry.

Membership by Function:

  • 53% Property Manager
  • 11% Building Engineer
  • 11% Owner/Investor/REIT
  • 9% Facility Manager
  • 8% Asset Manager
  • 4% Architect
  • 3% Developer
  • 1% Leasing Broker

Membership by Building Size:

  • 90% manage more than 100,000 square feet of commercial space

Membership by portfolio size:

  • 86% manage multiple buildings
  • 34% manage more than 20 buildings

Industry Impact:

  • $71.7 billion in new personal earnings
  • $82.4 billion spent on building operating expenditures
  • $227.6 billion contribution to US GDP

What is Expected in 2015

The 2015 report suggests that the industry shouldn’t expect much change in the low productivity of Congress.  BOMA issues include:

  • Energy and Environment
  • Tax and Financial Issues
  • Other Legislative Issues
  • Codes and Standards

State and Local Issues within the federation of 91 BOMA U.S. associations are included in the 2015 Industry Report.

Founded in 1907, BOMA represents the owners and managers of all commercial property types, including 10.4 billion square feet of U.S. office space that supports 1.8 million jobs and contributes $227.6 billion to the U.S. GDP.  Its mission is to advance a vibrant commercial real estate industry through advocacy, influence and knowledge.

Property Owners and Construction Get a Win!

BOMA Scores Win on Leasehold Depreciation; Senate Adjourns without Action on TRIA From BOMA International 12-17-14 Newsletter Last night, the U.S. Senate approved a package of tax “extenders,” including a one-year, retroactive extension of the 15-year depreciation period for tenant improvements, which had previously expired at the end of 2013. This means that building owners can…Continue Reading

We Are Thankful

For the team of people at A&K who enable and empower us to provide a relationship that can be trusted – we are thankful. For our clients who provide us our work, who trust us to deliver exceptional service and value for their facilities, properties and projects – we are thankful. For our vendors and…Continue Reading

Seeking Renewal of Terrorism Risk Insurance Program

A&K Painting Company is an involved member of Building Owners and Managers Association International (BOMA) and Institute of Real Estate Management (IREM). These two industry groups have issued Call-to-Action alerts  for their members to contact U.S. House of Representatives members to renew the Terror Risk Insurance Program (TRIA). The TRIA was first signed into law by President…Continue Reading