This message was sent to ##Email##
Only a couple of weeks until the BOMA Austin Golf Classic! Make sure you do not miss out! Get your foursome registered, or if you don't golf, join us for the clinic (with wine)!
Schedule of events:
9:30 am - Registration, Driving Range & Putting Green Opens
11:00 am - Shotgun Start
4:30 pm - Done with play. Food and Cash bar open
5:00 pm - Dinner Buffet Starts/ Raffle Play Begins!
**Must Sponsor in order to Play/ Attend
Sponsor: Airco – Main Event
If you are a new member, join us on March 29 for our 2018 New Member Orientation! For this event, you will have the choice to join us live or online via GoTo Meeting.
8-8:30 am — Registration/Continental Breakfast
8:30-9:30 am — Orientation
Not all surfaces can be treated equal! The Emerging Professionals Committee will be hosting a seminar about building surfaces. Come learn about the care and treatment of different materials used in your properties such as stone and metal, as well as the importance of proper caulking and sealants on the building envelope. A surface that is probably most noticed by your tenants is the windows. Did you know that there are OSHA regulations regarding window washing? We will also learn all about the tie-on and anchor system you have on your roof and the liabilities you need to understand about them. Everyone is welcome to come and learn!
Tie-ons and anchors - High Altitude
Stone, Metal and Wood refinishing - Mid America Metals
Caulking & sealants/building envelope - Building Diagnostics
As you know, we launched the Don Tait Memorial Scholarship this year. This scholarship was created in honor of Donald "Don" Reid Tait, a longtime BOMA Austin Member and Past President, who passed away in August of 2017.
Who is Eligible?
Sponsors: BOMI and CBRE
- Employees of a BOMA Austin Principal Member or Associate Member Companies.
- Individuals with a minimum of one year’s experience in property management or systems maintenance.
- Self-supporting students (not receiving tuition reimbursement). However, if employer pays a portion, application may be made for the balance.
- Scholarship will be awarded to an individual only once.
BOMA International testified before Congress last week on the importance of making permanent and modernizing the Energy Efficient Commercial Building Tax Deduction, commonly referred to as 179D. The U.S. House of Representatives Ways and Means Subcommittee on Tax Policy is considering the treatment of expired tax provisions that were left unaddressed after the passage of the 2017 Tax Cuts and Jobs Act. BOMA International President Henry Chamberlain spoke on behalf of BOMA International during a hearing before this subcommittee.
Chamberlain explained the importance of 179D, which expired at the end of 2017, as the sole federal energy efficiency incentive for commercial buildings. Making 179D permanent would give building owners the confidence and certainty they need to plan for major energy efficiency improvements and retrofits. Watch Chamberlain's testimony here.
Chamberlain’s testimony also urged Congress to consider important reforms to help the incentive drive further energy efficiency in commercial real estate. These include a revision of the language to expand the pool of owners eligible for the incentive and increase the deduction from $1.80 per square foot to $3.00 in order to encourage even more ambitious retrofits. Read more about 179D here.
Yesterday’s hearing keeps 179D at the forefront of the congressional debate, but members of Congress need to hear from you directly on the importance of this incentive and how it can help you upgrade and improve your commercial properties. Click here to contact your member of Congress to express your support for making 179D a permanent part of the tax code and enhancing the provision.
TAKE ACTION NOW
The Global Real Estate Sustainability Benchmark (GRESB), the worldwide portfolio-level standard for environmental, social and governance (ESG) benchmarking for real estate, recently recognized the BOMA 360 Performance Program® as a green certification for individual building operations. GRESB is a globally recognized, relative benchmark for assessing the sustainability performance of real estate, debt and infrastructure portfolios around the world.
GRESB's validation of the BOMA 360 building designation recognizes the program as a prestigious evaluator of sustainability and governance best practices. Achieving the BOMA 360 designation will help portfolios improve their GRESB performance in everything from standard operating procedures, to tenant engagement, to energy management.
For more information on how to submit your property to the BOMA 360 program, visit www.boma.org/360. The deadline to submit buildings for consideration for the second quarter class of BOMA 360 designees — and be honored at BOMA's annual conference — June 3.
The Dallas Morning News
Oil and cattle are the iconic business touchstones for Texas.
But it's real estate development where the Lone Star State really leads the country.
Last year, Texas was the top U.S. state for commercial real estate development contributions to the economy.
With more than $24 billion in direct construction spending in Texas, the building sector contributed almost $59 billion to the state's economy, according to a new report by the NAIOP, the Commercial Real Estate Development Association. The sector supports almost 380,000 jobs in the state, the new study finds.
Exactly six months ago, we rolled out what little we knew about Project Catalyst, a massive potential mixed-use project at the intersection of East Riverside Drive and Pleasant Valley Road, basically next door to Oracle's new Lakeshore campus. Since then, it's been nothing but radio silence from the usual suspects, including real estate firm JLL and investment outfit Nimes Capital, which owns the various tracts of land in the area assembled for the project.
National Real Estate Investor
Another major development is pegged for the booming north side of the Austin region, this one in the suburb of Cedar Park. Thompson Morris Real Estate Development, a local developer that has largely focused on residential neighborhoods, is a step closer to turning dirt for Indigo Ridge North after the Cedar Park City Council approved changes March 8 to a plan for 126 acres at the northwest corner of East Whitestone Boulevard (FM 1431) and Sam Bass Road (County Road 175).
Elon Musk announces shorter private flights to space ahead of sending humans to Mars. Arnold Schwarzenegger gives his take on gerrymandering. Ashton Kutcher throws a party for the ages. These are just a few of the top stories from the first few days of SXSW this year.
The topic of real estate may not be catching the headlines on USA Today this week, but there's a growing real estate and PropTech scene here at the Austin mega-festival this year.
| || WORKPLACE AND MANAGEMENT NEWS|
Driverless cars could become a regular feature of the roads as early as April – at least in California, which has decided to allow fully autonomous vehicles to be tested on the roads (none of those pesky humans who have been present in test drives so far). Arizona has already become a fair-weather center for testing driverless vehicles, thanks in large part to the governor's support, and Uber announced that it has finished testing its self-driving trucks in Arizona and is now beginning to use them to move goods across the state.
President Trump has authorized tariffs on steel and aluminum imports despite vocal protests from critics arguing the efforts will do little more than start a trade war and increase aluminum and steel prices. Although supporters claim that jobs will be created in the steel and aluminum production industries, these actions could also have detrimental effects for facilities management.
The tariffs will increase on imports of steel and aluminum by 25 percent and 10 percent, respectively. They are designed to improve production in the U.S., but many critics expect the economy to suffer and for steel and aluminum prices to rise or at least become volatile.
National Real Estate Investor
President Donald Trump's recently imposed tariffs on foreign steel and aluminum have not yet gone into effect. But they are already affecting deal negotiations, bottom lines and construction pricing in commercial real estate.
Some in the sector say they have seen around a 10 percent increase in the price of steel — a material whose prices have already been rising — since the tariffs were announced earlier this month. The price increase — and the uncertainty over future increases—has caused some to rework and reconsider planned projects.
By Lucy Wallwork
Those in power have throughout history understood the visceral psychological and emotional impact that the built environment has on us. We all feel this as we pass under the shadow of a corporate skyscraper or across a windswept military parade ground. Only those in the most remote locations do not have their lives interrupted daily by buildings. This series will focus on the role of power in our cities. Let's begin by looking at architecture and how it translates power into concrete form.
| || |
BOMA Austin Blurb E-News
PO Box 28295
Austin, TX 78755| Phone: 512-529-5070 |
Unsubscribe to stop receiving future mailings of the BOMA Austin Blurb E-News.
Steve Brittain, MultiView, Director of Publishing, 469-420-2625
Rebecca Eberhardt, MultiView, Senior Editor, 469-420-2608 | Contribute news to BOMA Austin
Learn how to add us to your safe sender list so our emails get to your inbox.
50 Minthorn Blvd.Suite 800, Thornhill, Ontario L3T 7X8