Building  Owners  and  Managers  Association  International

Building Owners and Managers Association International

Expert Panel to Examine Commercial Real Estate’s Future … from Four Different Perspectives

June 15, 2010


(WASHINGTON—June 15, 2010) Everyone may agree that current commercial real estate markets are among the most volatile in history, but perspectives vary depending on whether you’re an owner, manager, investor or lender. So the Building Owners and Managers Association (BOMA) International has assembled a panel of five market leaders to discuss “Real Estate's New Normal: A Time of Incredible Challenges and Rich Possibilities,” on Tuesday, June 29 at the 2010 BOMA International Conference and The Every Building Show®, June 27-29 in Long Beach, Calif.

Panelists will open the session with their perspectives and experiences on broad market trends, including:

  • Capital markets and transactions
  • Acquisitions and access to debt and equity
  • Refinancing opportunities and challenges
  • Distressed assets, distressed owners, assets in receivership and opportunities for property management firms
  • Leasing, occupancy and working with “tenant as king” expectations
  • Sustainability, retrofits and the impact of “green” codes and regulations.

The group will then help delegates understand how they can best position themselves—and their companies—no matter what role they play within the industry.

“Our panelists all speak from a variety of different perspectives,” said Moderator Kurt Padavano, RPA, CPM, FMA, SMA, chief operating officer of Advance Realty Group, “with each representing a sector of the industry. The goal will be to help individuals realize that they can succeed in this environment with the right education, mindset and skills. This is about taking advantage of opportunities and knowing how to effectively work with everyone from lenders to government agencies.  Real estate professionals will learn what it will take to position themselves in front of recovering markets and fundamentals.”

Panelists are:

  • James Arce, executive managing director, client solutions, Cushman & Wakefield of California, Inc., San Francisco, Calif.
  • Sandra Boyle, CPM, LEED AP, executive vice president, development and project management, Glenborough LLC, San Mateo, Calif.
  • Mike Kent, US president, real estate management services, Colliers International, Los Angeles, Calif.
  • David Sears, managing director, JP Morgan Asset Services, Los Angeles, Calif. 

Woven into every discussion point will be the simple truth that the success of the industry depends on the success of its people—and without a focus on professionalism, recruitment, education and experience, the industry is at risk.

Panelist Mike Kent comments that job descriptions for on-site property managers are shifting like never before, and because increasing numbers are working with third-party management teams, a manager’s ability to bring a new team up to speed is critical.

“Leadership is one of the most crucial skill sets a property manager needs,” he says. “Too often, property managers are caught up in the day-to-day job, the bills, the operations … but they need to have a better understanding of their value and their impact on the cash flow to the asset. They need to think like the COO of the building.”

Jim Arce agrees, also pointing out that property managers today are often being asked to manage types and sizes of properties that they haven’t handled in the past—and often must bring in people for the short-term to help. Both require leadership and the ability to get newly formed teams on the same page and working toward the same goal with minimal disruption.

Sandra Boyle raises another potential obstacle for the unprepared: working with GenYers, who may have an entirely different set of expectations than previous generations of workers.

“If managers expect to be relevant in today’s market,” she says, “they need to understand the motivations and psyches of the newest talent. What worked for GenX may not work for GenY, and you need to know that.”

Other highlights of the 2010 BOMA International Conference and The Every Building Show will include:

  • Forty-plus education sessions, packaged into five educational tracks;
  • Updates into how BOMA Internationals’ advocacy team is protecting industry interests on Capitol Hill and in City Hall;
  • Keynote address on Monday, June 28 by noted economist, humorist and actor Ben Stein; and
  • The Every Building Show, featuring cutting-edge products and services to solve the toughest operational challenges and save money.

For more information about the 2010 BOMA International Conference and The Every Building Show, or to register, visit (Note that for every full conference registration, one building engineer can attend free!)


About BOMA International
The Building Owners and Managers Association (BOMA) International is an international federation of more than 100 local associations and affiliated organizations. Founded in 1907, its 17,000-plus members own or manage more than nine billion square feet of commercial properties. BOMA International’s mission is to enhance the human, intellectual and physical assets of the commercial real estate industry through advocacy, education, research, standards and information. On the Web at

Lindsay Tiffany
Manager of Media Relations
BOMA International
(202) 326-6365