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1 ST QUARTER

2014

BOMA WATCH
The mission of the Building Owners & Managers Association of Greater Cleveland is to provide advocacy, professional development, networking and economic savings opportunities for its members.
2014 BOMA Annual Partners

NEW YEAR. NEW LOOK. SAME BOMA.


As promised we have a whole new look for 2014 and beyond! These changes have brought new ways to keep in touch with us. We are excited to announce that we have launched three social media platforms. Follow us on Twitter (@BOMACle) and also join the BOMA Greater Cleveland groups on LinkedIn and Facebook. We have been updating them regularly for the last several weeks. This year is going to be full of changes. We have our brand new event (Vertical) in April and have an awesome Centennial Celebration planned for October. We are also doing away with our weekly BOMA Bulletin that had previously been emailed every Friday; instead, we will have a monthly Bulletin with more information and meatier articles.

Cornerstone Constellation RWK Services, Inc. Leadership GCA Services Group, Inc. Harry S. Peterson, Inc. Jani-King of Cleveland Janitorial Services Inc. Leff Electric Sustaining Boak & Sons Roofing The Brickman Group LTD Cleveland Thermal

WINTER BUSINESS MEETING AND NATIONAL ISSUES CONFERENCE


BOMA Internationals Winter Business Meeting and National Issues Conference for 2014 took place in Washington, DC, from February 2-5. Every Opportunity to Succeed was unveiled as the theme for this year. On the final day of the conference BOMA members from across the country visited Capitol Hill and met their local Congressional representatives on various issues affecting the commercial real estate industry (see separate story on page 11). One of the biggest takeaways from the conference was an update on the advocacy work on codes that BOMA International has taken the lead on. Their efforts resulted in savings to the commercial real estate industry of over $3.50 per square foot. Some of the victories included prohibiting all existing buildings over 5 stories tall to install and/or update firefighter air breathing replenishment systems, retrofitting of all electronic leak detectors on all plumbing fixtures and major truck water pipers, and mandatory installation of a radon reduction system in EPA-designated high radon probability areas. SEE NATIONAL ISSUES CONFERENCE ON PAGE 10

So Ive Been Thinking


JANICE PARHAM | Executive Vice President jparham@bomacleveland.org BOMA Greater Cleveland turns 100 this year! We are only 7 years younger than BOMA International our umbrella organization. There are numerous changes that we are implementing as we approach this milestone, but many things will remain the same. For example, you will continue to receive the best advocacy, professional development and networking available. You will still receive top news and action items, but we will be changing the way that we send that information to you. In order to serve you best, please keep us posted of changes in your life promotions, new jobs, address, phone number and email. We try not to inundate you with email you should expect the BOMA Bulletin to arrive near the middle of each month and meeting invitations once or twice a month. We will also send the occasional email to remind or inform you about certain things, for example, road closures or approaching deadlines. Shifting gears, I would like to encourage you to participate in the EER survey which is now open. Did you know that unaudited 2013 yearend financial statements are acceptable? Everyone that contributes their data receives a FREE expense performance comparison on your building, priority access to 2014 EER reports, save 25% or more on all EER product purchases and recognition for BOMAs 360 Performance Program. Finally, the 2014 Membership Dues deadline was January 31st. If you have misplaced your invoice please let us know. Dont let your BOMA membership lapse, you will miss too much! I hope to see you at a BOMA General Membership Meeting, Educational Session, Ask the Expert Program or a Happy Hour this year. If you have a topic for consideration be sure to call or email me and we will take it from there.
CORNERSTONE PARTNER CELEBRATING 30 YEARS

BOMA LEADERSHIP
Executive Committee
Chairman | Bill McCarthy, RPA, FMA, SMA Carlyle Leader LLC Chair Elect | Marianne Compton, RPA Forest City Commercial Management Vice Chair | Byron Bright, MCR Progressive Companies Secretary/Treasurer | Judy Simon, CPM Cushman & Wakefield/Continental Realty Past President | Tom Kroth, CPM, RPA Jacobs Real Estate Services

Board of Directors

Celebrating 30 years of building success

RWK Services is a leading green facility service provider headquartered in Northeast Ohio

We provide nationwide support to property management professionals with excellent, sustainable janitorial services and other facility service solutions Let us help you build your success

Brian Cappelli, RPA Forest City Commercial Group Rich Estremera, FMA KeyBank Corporate Real Estate Renee Evans, RPA Harbor Group Diana Lis Behringer Harvard Tim Luli, RPA, CPM PlayhouseSquare Real Estate Services Pat Osborne, SMA, RPA Jacobs Real Estate Services Ed Prabucki, SMA, RPA Jones Lange LaSalle Allen Shema, RPA Weston Inc. Nick Sislan, FMA, RPA Q Management Group Laura Soble, FMA, RPA PNC Bank John Tepfenhart 800 Superior LLC Chris White Boak & Sons Roofing

BOMA Staff

440-526-2144
Find us online RWKServices.com

Janice Parham Executive Vice President Vicki Neece Office Administrator Scott Esterly Director of Governmental and Community Affairs

UPCOMING EVENTS

Vertical 2013
Thursday, April 3, 2014 Holiday Inn Cleveland - South (Independence) Trade show: 1:30PM to 5:00PM Lunch with Keynote Speaker:

Register Online!
bomacleveland.org/events

Len Komoroski, CEO Cleveland Cavaliers and Quicken Loans Arena 12:00PM to 1:30PM
Break-out sessions beginning at 2:00PM Closing reception at 5:00PM
.

IMPORTANT DATES
Board of Directors Meeting
Wednesday, February 19, The Club at Key Center

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Commercial Real Estate Happy Hour


Thursday, February 27, Porcellis Bistro

Board of Directors Meeting


Wednesday, March 19, The Club at Key Center

Commercial Real Estate Happy Hour


Thursday, March 27, TBA

Constellation is the endorsed energy supplier to BOMA of Greater Cleveland. Start the conversation and call 888.232.5975 or visit Constellation.com/BOMACleveland.

Advocacy Day at the Statehouse


Tuesday, April 29, Columbus, Ohio
2014. Constellation Energy Resources, LLC. The offerings described herein are those of either Constellation NewEnergy-Gas Division, LLC or Constellation NewEnergy, Inc., affiliates of each other and subsidiaries of Exelon Corporation. Brand names and product names are trademarks or service marks of their respective holders. All rights reserved. Errors and omissions excepted.

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MEMBERSHIP CORNER Welcome BOMA Greater Cleveland New Members


The Illuminating Company Energy Provider Rep: Mike Hrdy, 440-546-8644 Norton Industries Ceiling Sales, Cleaning & Installation Recycling Services Rep: Jeremy Suess, 216-228-6650 323 Lakeside Avenue Rep: Al Krist, Jr. Geis Properties, 216-214-3398 Cleveland FBI Building Rep: Catherine Kassouf Cleveland Assets, 216-785-2580 Ernst & Young Tower Rep: Joe Kearney CBRE, 216-400-6926 Higbee Building Rep: Nick Sislan Q Management Group 216-704-2715

Committee Connection
Associates Council Chair Chris White (Boak & Sons Roofing) convened the committee this month to continue finalizing plans for BOMA Greater Clevelands inaugural Vertical event. More information on Vertical can be found on page 3. Centennial Task Force Members met in November and February to continue planning BOMA Greater Clevelands 100th Anniversary Celebration that is scheduled for October 11th. More details will be coming soon! Emerging Leaders The group, led by Chair Alan Hazzard (KeyBank Corporate Real Estate Solutions), took a tour of Progressive Companies Campus I in Mayfield Village earlier this month. In December the group heard presentations from Emerging Leaders in the suburban market and had a group discussion about corporate responsibility.

BOMA Bravo! Bravo!


Congratulations Lindsay Hach (Inland American Office Management) was awarded the MVP (Most Valuable Property Manager) for 2013 by Inland American Office Management. Congratulations - Rich Estremera, FMA, (KeyBank Corporate Real Estate) became a grandfather to Jordyn Rakosy. Jordyn was born on January 7th. Congratulations Chris Yagersz, CPM, (CBRE) was named by the Northern Ohio Chapter of the Institute of Real Estate Management (IREM) as the Certified Property Manager (CPM) of the Year for 2013. Have an item for BOMA Bravo! Bravo!? Email it to admin@bomaclevland.org

BOMA OHIO
On February 14th, BOMA Ohio convened in Columbus for its first quarter meeting of the Board of Governors. BOMA Greater Cleveland was represented by two of its Governors: Marianne Compton (Forest City Commercial Management), and Scott Esterly (BOMA Greater Cleveland).

THE GOVIES
BOMA Ohio was awarded a GOVIE (Government Affairs Awards of Recognition) from BOMA International during the Winter Business Meeting & National Issues Conference (see picture to the left). The award was for the campaign to defeat 2013s proposed expansion of the states sales tax. Members from Cleveland, Cincinnati and Dayton were on hand to accept the award.
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BOMA INTERNATIONAL

Change Around the Corner


for Global Real Estate

International Property Measurement Standards Coalition (IPMSC) Launches Public Consultation on New International Measurement Standard and Appoints Board of Trustees

The International Property Measurement Standards Coalition (IPMSC), of which the Building Owners and Managers Association (BOMA) International is a member, has launched a public consultation on the new International Property Measurement Standard (IPMS) for office buildings. The three-month consultation, closing on April 4, 2014, is calling for real estate office sector practitioners and stakeholders to contribute their expertise to the new standard. The standard, produced by the IPMSC Standards Setting Committee, is the first of its kind and will provide a common language for measuring offices across international markets, benefiting real estate practitioners including investors, lenders, agents, valuers and occupiers. The IPMS will ensure that property assets are measured in a consistent way, creating a more transparent marketplace, greater public trust, consistency in the reporting of property size, stronger investor confidence and increased market stability. At present, the way property assets such as homes, office buildings or shopping centers are measured varies dramatically from one market to the next. With so many different methods of measurement in use, it makes it difficult for global investors, occupiers and tenants to accurately compare space. Research by global property firm Jones Lang LaSalle suggests that, depending on the method used, a propertys floor area measurement can deviate by as much as 24 percent. Strengthening public accountability of the IPMSC, the coalition can now announce the appointment of a Board of Trustees. Members from each of the coalition organizations are represented on the board, chaired by Ken Creighton (RICS), with Vice Chair Lisa Prats (BOMA
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International) and Secretary General Jean-Yves Pirlot (CLGE). The coalition also confirms a number of new IPMS members joining the coalition. Property Council of New Zealand (PCNZ), Asian Non-Listed Real Estate Vehicles (ANREV), Assoimmobiliare, National Society of Professional Surveyors (NSPS) and Japan Association of Real Estate Agents (JAREA) have committed to the standards program, bringing the IPMSC to 28 organizations.
BOMA INTERNATIONAL

For nearly a century, BOMAs Experience Exchange Report (EER) has been the industrys most trusted benchmarking resource thanks to the thousands of property professionals who share their data each year. As market conditions begin to improve, this years EER will be more valuable than ever. Thats why your participation in the 2014 EER Survey is so important. Sharing your buildings income and expense data via the EER Survey makes the best benchmarking resource for commercial real estate even better. The deadline to share your data is March 31, 2014. Complete the survey today at eer.boma.org

EER14_0004_AD_BOMA_MAG_QuaterBW.indd 1

1/3/14 10:26 AM

New Board Members


for BOMA Greater Cleveland At the Annual Business Meeting in November we welcomed five new board members. We want to take a moment to introduce them to everyone. Please welcome our newest members of the BOMA Greater Cleveland Board of Directors: Diana Lis Behringer Harvard Pat Osborne, SMA, RPA Jacobs Real Estate Services Nick Sislan, FMA, RPA Q Management Group Laura Soble, FMA, RPA PNC Bank John Tepfenhart 800 Superior LLC Chris White, Chair of Associates Council Boak & Sons Roofing

SPACE AVAILABLE

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Call Scott at the BOMA Center (216-575-0305) or email him at sesterly@bomacleveland.org for details.

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WHATS HAPPENING...

14th Annual Business Meeting


On November 21st we held our Annual Business Meeting, Awards & Installation Luncheon at Windows on the River. We previewed our new marketing video, named the first BOMA Stars, and welcomed five new board members. It was a great event!

Become A BOMA Greater Cleveland Partner


Membership in BOMA Greater Cleveland has numerous opportunities to successfully grow your business. Participation in meetings, activities and events is a key component to being recognized by current and potential customers. Company name recognition is a critical piece to being acknowledged as a leader in your industry. The 2014 Partner Program enhances those opportunities and is divided into three distinct, but overlapping programs that will enhance your recognition and support of BOMA Greater Cleveland. It also provides the option of preregistering for meetings.
The programs are: The CORNERSTONE partner total value of package: $13,170 your cost: $10,000 exclusive representation by industry segment. The LEADERSHIP partner total value of package: $8,040 your cost: $5,000 The SUSTAINING partner total value of package: $5,360 your cost: $3,500 Other marketing and sponsorship opportunities: build your brand with BOMA; share your knowledge through various educational vehicles; or, place your mark in the BOMA Bulletin, on the brand new BOMA website or in the BOMA Watch newsletter. Also, reduced rates (earlybird specials) are available for some of BOMA Greater Clevelands larger meetings. Not quite sure what you are looking for? Call the BOMA Center and we will work with you to customize a package that fits your companys needs. BOMA Greater Cleveland partners will be in a unique and tremendously advantageous position to meet and influence the decision-makers in the commercial real estate industry. BOMA is a valuable ally and resource as you expand your companys market. Imagine the benefits of standing out from your competitors with this enormously powerful group of decision-makers. Call the BOMA Center to learn more and get signed up! the full partner program details can also be emailed to you - just email Vicki at admin@bomacleveland.org or Janice at jparham@bomacleveland.org.
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National Issues Conference


Continued from page 1
BOMA International also showcased some things to look forward to: over 800 healthcare real estate professionals are expected to attend the 2014 BOMA Medical Office Buildings (MOB) Conference in Nashville, TN. Some more big news regarding the MOB: Cleveland will host the conference in 2015! BOMA International is also conducting a communications audit to improve and streamline overall communications to members and local associations. Traveling from Cleveland were: Chairman Bill McCarthy, RPA, FMA, SMA, Brian Cappelli, RPA, a Board Director and a current member of BOMA Internationals Executive Committee, Government Affairs Chairman Byron Bright, MCR, and staff members Janice Parham and Scott Esterly. Stephen Stoner from BOMA Akron attended the legislative meetings as well. Left column, top: The delegation meets with Congressman Jim Renacci. Left column, bottom: The group meets with Congressman David Joyce. Right column, top: The group meets with Congresswoman Marcy Kaptur. Right column, bottom: The group outside of Congresswoman Marcia Fudges office.
LEADERSHIP PARTNER

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Government Affairs Watch

To wrap-up our coverage of the Winter Business Meeting & National Issues Conference, here are the issues affecting the commercial real estate industry that we spoke with our Congressional delegation about.

errorism Risk Insurance: In the aftermath of 9/11 many owners of commercial properties were informed by their insurance providers that terrorism would be excluded from their policies. Without terrorism insurance it is difficult, and perhaps impossible, to operate or acquire properties or refinance loans. In 2002, Congress passed the Terrorism Risk Insurance Act (TRIA) to provide a federal backstop. It was extended in 2007 and is set to expire at the end of 2014. BOMA International will advocate for the TRIA to be extended until the insurance industry is prepared to accurately underwrite and assume the whole risk. Leasehold Depreciation: Depreciating leasehold improvements at a rate of 1/39th per year until the improvement goes out of service runs counter both to common sense and the reality of the marketplace. BOMA International will continue to advocate for leasehold improvements to be put on a permanent 15-year depreciation schedule. Fire Sprinkler and Roof Tax Incentives: Retrofitting a building for fire sprinklers is an expensive and labor intensive endeavor. With fire safety being as critical as it is to commercial properties, it only makes sense for tax incentives to aide in this process. The incentives will be especially attractive to older buildings that were built before there were any fire sprinkler guidelines or requirements. New roofs protect the integrity of the entire building structure, increase energy efficiency, and add to the economy as a whole by spurring activity within the construction industry. Older, less efficient roofs are a daunting financial project to finance. Tax incentives will help property owners and managers replace dangerous and nonperforming roofs. Both fire sprinklers and roofs are on the unreasonable 39-year depreciation schedule. The five members of Congress that our delegation met with consisted of: U.S. Senator Sherrod Brown, and U.S.

Representatives Marcia Fudge, David Joyce, Marcy Kaptur, and Jim Renacci. You can see pictures from our legislative visits on page 10. The Government Affairs Committee for BOMA International also approved two new policy positions regarding EV (Electric Vehicle) charging stations and e-cigarettes. The new policies support the rights of property owners to decide whether or not to install EV charging stations at their buildings and support the rights of property owners to establish appropriate policies and procedures, subject to prevailing federal, state, and local laws, for e-cigarettes.
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BOMA 360
Landmark Cleveland Building Receives Designation

Cleveland is now home to seven BOMA management; life safety/security/risk 360 buildings. Nationally, nearly 700 management; training and education; buildings carry the elite designation. energy; environment/sustainability; and 200 Public Square (managed by Harbor tenant relations/community involvement. Group Management) joins the Terminal Tower, Skylight Office Tower, Post Office Plaza (all three managed by Forest City Commercial Management), Fifth Third Center (Behringer Harvard), the Howard M. Metzenbaum United States Courthouse (GSA), and KeyTower (Jacobs Earning a BOMA 360 designation offers buildings tangible results measured through higher tenant retention and satisfaction scores, higher rental rates and documented operations and management savings and efficiencies as reported in designee surveys and by

Real Estate Services) as Cleveland area Kingsley Associates and CoStar. buildings with the BOMA 360 designation. Most notably, 94 percent of tenants in The BOMA 360 Performance Program BOMA 360 buildings report high overall evaluates commercial properties in six satisfaction. major areas: building operations and
200 Public Square

200 Public Square, Suite 209 Cleveland, Ohio 44114 216.575.0305