Author: Jessica Delahunt
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4 Secrets to Commercial Building Insurance
In commercial real estate, claims and losses are inevitable for any property. Drawn-out legal battles, damages to your reputation, and steep fines are not. If you fail to detect and prevent risk in a commercial building, even simple mistakes like a tenant slipping on ice in your parking lot can cost you millions.
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5 Tips to Close More Commercial Leasing Deals During COVID-19
The ongoing COVID-19 pandemic has fundamentally reshaped the commercial real estate industry. But after a volatile year, leasing deals are starting to pick up. It’s time to take advantage of the gradual return towards post-pandemic life. To close deals in commercial real estate’s new normal, brokers can’t follow old playbooks. In a down market, alleviating…
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3 Signs It’s Time to Mobilize Your Work Order Management
Are your engineers able to resolve work orders from anywhere? Or are they stuck running back and forth to their desks to communicate with tenants, log billables and check for updates? In CRE’s new normal, your team and tenants are more dispersed than ever. Some work from home, and others are spread out across your…
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Ask the Experts: How Does the New BOMA Retail Standard Affect My Property?
In March 2021, the Building Owners and Managers Association (BOMA) announced an update to its retail floor measurement standard: BOMA 2020 for Retail Properties. This standard includes the most significant changes to the BOMA measurement standard since BOMA Office 2017, and the first update to the retail sector since 2010. As the retail landscape evolves…
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6 Tips to Drive More Resource Reservations During Re-Occupancy
In 2021, tenants are viewing your building’s shared spaces and amenities a little differently. In the past, they probably didn’t mind hustle and bustle in shared spaces. But with COVID-19 still a concern, they now expect your team to limit traffic in reservable spaces (like conference, rooms, lounges, rooftops, etc.) and to ensure seamless handoffs between bookings. Furthermore, many CRE tenants…
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4 Reasons to Prioritize Vendor Diversity Now
In this moment of social change, CRE leaders are recognizing a need to promote inclusivity and diversity in the industry. For many property teams, the vendor supply chain is a crucial place to start. Due to the industry’s reliance on existing relationships, many qualified minority vendors are routinely shut out. More than just an industry buzzword, embracing…
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4 Tips to Better Triple Net Compliance
How do you keep your tenants compliant with HVAC lease obligations? If tenants send you service contracts as proof of service, you’ve made a common (and potentially expensive) mistake. Requiring a tenant to enter into a service agreement with an HVAC vendor (and even seeing the contract) doesn’t mean that the maintenance is actually getting done. In some…
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Top 5 Myths About HVAC Services for CRE
Believing common HVAC myths can be damaging to your system’s performance and longevity. Without the right maintenance, your HVAC system will break down sooner than it should – costing you more. And in many cases, HVAC operating costs creep up due to time-consuming management processes and lack of visibility into maintenance records. So, to keep…
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Why Is Year-Round HVAC Management Important?
Do you manage your HVAC year-round? Or, is your HVAC management more sporadic – such as when problems arise? Your HVAC is one of the most important systems in your building. If it breaks, your tenants will be uncomfortably hot or cold (depending on the season). Having to deal with an uncomfortable temperature can make…
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5 Ways to Maximize Occupancy Rates and Improve Tenant Retention
Are you looking to maximize occupancy and improve tenant retention in the new normal? Social distancing, lockdowns, widespread work from home, and other pandemic changes have changed the CRE industry as we knew it. While these changes help keep you and your tenants safe, they can severely impact your occupancy rates and tenant retention. People…