Building  Owners  and  Managers  Association  International

Building Owners and Managers Association International
Create Your Own Success
  • 2014 TOBY Awards
    2014 TOBY Awards : Celebrating the Best of CRE
  • 2014 EER Now Available
    2014 EER Now Available : Subscribe today! ​​
  • Join today
    Join today : BOMA membership turns pennies into dollars.
  • What Office Tenants Want
    What Office Tenants Want : Buy in July and Save 20%​​​​ ​​
  • BOMA 2014
    BOMA 2014 : Every Building Conference & Expo Recap

BOMA: Building Owners and Managers Association International

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 Top News

 

TRIA Reauthorization Passes Senate

On July 17, the Senate passed a 7 year extension of TRIA, the federal terrorism risk insurance program, by an overwhelming vote of 93-4. In additional to extending the program, the legislation (S. 2244) also adds two changes to further protect taxpayers. It gradually raises both the insurer co-payment from 15 to 20 percent and the mandatory recoupment threshold from $27.5 billion to $37.5 billion. In June, the Senate Banking Committee approved the legislation by a unanimous vote of 22 to 0.

On June 20, the House Financial Services Committee passed its TRIA bill (HR 4871) by a more contentious vote of 32-27 – along party lines. In addition to extending the program, the bill would also add many other changes to the bill, many of which BOMA feels would diminish the program and drive some insurers out of the market, making it more difficult for policyholders to continue to access terrorism risk coverage at reasonable rates and terms. It had been anticipated that the full House would vote on the legislation in late July, but now it appears that final action on this issue will be delayed, quite possibly until after the November elections.

Sign up for issue alerts to get the latest updates on this developing story.

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 Education

 

You CAN Always Get What You Want:  The Basics of Lease Negotiation

Effectively negotiating a lease or lease renewal is perhaps the very best way to create value for the owner of a commercial property.  By learning to negotiate (and how to respond to your counterpart’s negotiation tactics), you CAN often get what you want. 

Even though a commercial lease might be dozens of pages long, only certain lease clauses are commonly negotiated.   Knowing what those clauses are – and how to protect the owner’s interests when your counterpart requests changes to them – is a powerful way to prepare for a lease negotiation.   Join Marc Fischer, Senior Vice President for Cassidy Turley on Tuesday, September 16 from 2:00 – 3:15 p.m. Eastern for this engaging webinar to gain a better understanding of basic lease negotiation principles and an understanding of those lease provisions that are typically subject to negotiation.

Register today!

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 Press Releases

 

Calendar

 

 TOBY Awards

 

The commercial real estate industry recently honored 14 commercial properties with The Outstanding Building of the Year® (TOBY®) Awards at BOMA's 2014 Every Building Conference and Expo, in Orlando, Florida.

The winners were recognized for excellence in office building management and operations in specific categories of building size or type.  To win an International TOBY Award, a property first must win both local and regional competitions.  Judging is based on community impact, tenant/employee relations programs, energy management systems, accessibility for disabled people, emergency evacuation procedures, building personnel training programs and overall quality indicators.  A team of expert industry professionals also conducted comprehensive building inspections. See the full list of winners.

Program Sponsor:

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 BOMA 2014

 

DSC_9345.JPGDidn't make it to the 2014 Every Building Conference & Expo? 

You can find our entire ​coverage of the event here.

We'll see you next year in Downtown Los Angeles, June 28-30!
 

 BOMA Store

 
 Summer.jpg

This summer, get the essential information you need to cultivate your skills and grow your property into a high-performing asset. Enjoy special summer savings all season long with limited-time offers on featured publications from BOMA International. 

Visit www.boma.org/summer for our latest promotion.

 

 Career Center

 

​​The BOMA International Career Center, a part of the Select Leaders Commercial Real Estate Network, is one of the most comprehensive and powerful employment resources in the commercial real estate business. Designed to meet the demands of employers and job seekers alike, the site Career Center features articles, industry links, educational resources and more.

VISIT THE CAREER CENTER ›

 

 Member Benefits

 

BOMA Members Earn 2% Rebate

The Home Depot offers BOMA members an exclusive annual rebate of 2% on all qualifying pre-tax purchases. There is no cost to enroll. Enroll today and start saving!

LEARN MORE ABOUT MEMBER BENEFIT PROGRAMS ›