Wednesday, April 29, 2009
Tuesday, April 28, 2009
- Countries and companies that invest in better buildings today will save millions of dollars tomorrow.
- The commercial real estate sales market: basically non-existent
- Former eBay chief turned candidate for California Governor faces skeptical tech leaders.
- The California Integrated Waste Management Board will not be trashed.
- Schwarzenegger declares emergency over swine flu.
Monday, April 27, 2009
- It's a good thing that California, San Francisco and BOMA members are ahead of the curve as a new study indicates that the building sector must achieve greater energy efficiency through a number of measures.
- Gavin Newsom taunts Jerry Brown at state Democratic convention.
- Former California State Senator Carole Migden “seriously looking” at throwing her hat into the 2010 race for San Francisco District 10 Supervisor.
- All you'll need to know about this past weekend's California Democratic Convention can be found here.
Friday, April 24, 2009
- Mayor Newsom announces $1 billion in capital investments for job creation.
- The Mayor has to either cut $118 million or raise that amount to balance next year's budget.
- State Senate President Darrell Steinberg has thrown his weight behind Kamala Harris.
- Schwarzenegger: Reforms ‘have a good shot’. Click here for the story.
- Edward Reiskin, Director of Public Works (DPW)
- Supervisor Bevan Dufty
- Officer Christopher Putz, SFPD Graffiti Unit
- Paul Henderson, Chief of Administration for the District Attorney's Office
- Larry Stringer, Street Environmental Services Superintendent, DPW
- Leigh Ann Baughman, San Francisco Beautiful Executive Director
- Luis R. Cancel, San Francisco Arts Commission, Director of Cultural Affairs
- Edwin Lee, San Francisco's City Administrator
- John Bitoff, Director of San Francisco' Unified School District Facilities Management
- Fred LaCosse, former San Francisco television broadcaster
Thursday, April 23, 2009
- Working with tenants, Margot and her property management team have achieved a 75% waste diversion rate, and they have partnered with Green Citizen to properly recycle electronic waste. In 2008, trash costs were reduced 68% via a 75% discount for 'clean' recycling loads.
- All natural, environmentally friendly landscaping was planted. Margot shifted from annuals to native perennials to not only save on costs, but to protect the environment as well.
- Low-flow water fixtures have been installed which reduces water consumption by approximately 40%, saving 1.5 million gallons of water a year. This action also reduces water costs.
- To save energy, motion sensors in emergency stairwells and high efficiency motors were installed.
- LEED compliant tenant improvements are also a priority for Margot and her management team.
Wednesday, April 22, 2009
- Commercial property loses four years of gains.
- Building energy label proposed in climate change bill.
- Talking TALF: commercial real estate industry urges quick fed action to extend loan lengths
- San Francisco Mayor Gavin Newsom's 2 minute bio in TIME magazine can be found here.
- Board President David Chiu interview on the SFMTA budget can be found here.
- Proposed constitutional convention gaining steam in Sacramento.
BOMA San Francisco’s 2009 EARTH Awards luncheon was held today at the Hotel Nikko to recognize those buildings, and building management, with the best overall sustainability efforts. Scott Moran, Director of Project Management, at the California Academy of Sciences provided the keynote address. You can view the press release here. A special thanks to our event sponsor, WEBCOR Builders; and program sponsors, SF Environment, Golden Gate Disposal & Recycling Company, and Pacific Gas & Electric Company.
First Place - Baker Hamilton /Adobe Systems - 601 & 625 Townsend Street (Cushman & Wakefield)
- Businesses focusing on being energy efficient create jobs.
- Net tool tracks carbon footprint by ZIP code. Video here.
- New York City plans to make older buildings refit to save energy.
- The Chronicle's take on what Mayor Gavin Newsom's run for governor will mean for San Francisco.
- Regional U.S. banks may struggle to pass government stress tests because of their commercial real estate investments.
Tuesday, April 21, 2009
Monday, April 20, 2009
- BOMA releases 100 strategies to commemorate Earth Day and Obama's first 100 days in office. Click here for the details.
- The proposed structure next to The Pyramid Center is too tall?
- Energy efficient buildings get more green from institutional investors.
- Should you ignore the commercial real estate vacancy rate?
- The Bay Area is hurting but the Southern California office market is not doing too well either.
- The current situation is bad, but there is a glimmer of hope for commercial real estate on the horizon.
- "Carbon Caps = Hard Hats"? Apparently, that just isn't the case.
Friday, April 17, 2009
- The Federal Reserve is considering offering longer loans to investors in commercial mortgage-backed securities as part of a plan to help jump-start the market for commercial real estate debt. Click here for the story.
- Former eBay CEO Meg Whitman put some big stakes on the table Thursday, donating $2.8 million of her own money to her gubernatorial campaign. The story is here.
- House Speaker Nancy Pelosi has endorsed a proposal to create a special congressional committee to investigate the causes of the financial sector meltdown, giving the idea bipartisan momentum in Congress. Read all about it here.
BOMA members were invited to tour the Presidio today for the association's input on the Presidio Trust's revitalization of the Main Post.
The tour focused on major commercial projects including those complete, underway and proposed. In addition to the concentration of projects around the Main Post district, BOMA members viewed the completed Lucas Digital Arts Center, some of the recently rented/available structures on Crissy Filed, a new LEED standard office building under rehabilitation construction near the Cavalry Stables, and the Fort Scott complex. Joe Perrelli (pictured above) the Presidio Trust’s Leasing Specialist, served as our tour guide who discussed the historical issues of the Main Post, details of the Presidio Trust's current offerings, how the Trust structures commercial real estate deals, Master Tenant projects, Presidio Trust projects, and challenges in working with renovations of historically significant properties.
Thursday, April 16, 2009
Communication Subcommittee: The communication subcommittee is currently developing an emergency preparedness survey to be distributed, first to the EPC members, and then to the entire BOMA membership. The subcommittee is also updating the BOMA San Francisco EPC website to include the most up-to-date sources of information related to emergency planning in high-rise buildings
Event Subcommittee: The event subcommittee is planning an evacuation exercise that will allow for BOMA members to observe how emergency teams from both the public and private sector shelter tenants in place, and then have them evacuate a building. This will be the first planned building evacuation in San Francisco. There will be a follow-up seminar to discuss the lessons learned from the exercise and the best practices that were involved.
Training Subcommittee: The training subcommittee is working on sponsoring a series of brown bag lunches that would feature experts on a variety of topics related to fire/life safety and disaster planning in office buildings.
Neighborhood Subcommittee: The neighborhood subcommittee is developing a model program for neighboring buildings to use in a disaster situation that would pre-establish building to building mutual aide protocols that would function if the public sector was unavailable.
A few of the public agencies that participate with the EPC committee include:
• San Francisco Department of Emergency Management
• San Francisco Fire Department
• San Francisco Police Department
• San Francisco Health Department
• Homeland Security
• National Guard
The expertise of the committee members in property management, security services, and public safety is phenomenal.
The next committee meeting will be on May 12, at the Pyramid Center, 600 Montgomery St., 48th Floor from 9:30 a.m. to 10:30 a.m. BOMA members are invited to join the committee! Please contact the EPC Chair, Ellen Kovach, at firstname.lastname@example.org.
- Cushman &Wakefield: U.S. Downtown Office Vacancies Rise to Three-Year High. Click here to read the details. The largest decline in rent, per square foot, was in San Francisco.
- Commercial real estate softens in San Francisco. Click here for the story.
- Board of Supervisors send their budget 'wish list' to the Mayor.
- Click here to read Mayor Gavin Newsom's blog post on San Francisco's Green Jobs Program.
Wednesday, April 15, 2009
- The current "great recession" in California and the United States will, most likely, continue into the middle of next year due, in part, to commercial and residential real estate. Click here for the details.
- At least someone is still investing in commercial real estate (hint: its Donald Trump)
- The Obama administration is expected to publicize the 'stress tests' of the countries largest banks. More information on this can be found here.
- According to Jerry Brown, "Newsom is trying to make everyone think I'm Hillary, and he's Obama." Click here for the story.
- Gubernatorial candidate Tom Campbell is moving to Southern California to gain more exposure in the southern part of the state.
- U.S. House Representatives from the Bay Area have posted their 'earmark' wish list.
Click here and here for our local media's take on the issue.
Tuesday, April 14, 2009
The issue is the possible loss of highly experienced professionals in the Department that need to be retained due to their institutional knowledge, which is not easily replaced, if at all. The staffing reduction, if implemented, would adversely affect all property owners in the long run.
You can read the details in the letter here.
- The 2008 election ended a long state of parity between Democratic and Republican parties, with a total of nine states changing from “red” to “blue".
- Obama’s garnering of 53% of the popular vote was based on high levels of discontent with Bush and a desire for change. Leveraging off this disillusionment, Democrats built a “coalition of ascendant,” attracting voters from key growing segments of the U.S. population.
- Republicans dominated only among blue-collar, working-class whites. Better-educated, more affluent white voters--historically Republicans--voted for Obama.
- The “red Democrats” are a group of 22 legislators from states that voted for Bush in 2000 and 2004 elections. Obama’s aggressive agenda will test the mettle of them and their constituencies. Like canaries in the coal mine, red Democrats are being watched as indicators of the Obama's administration’s ability to push through change.
- Over-confidence in pushing his agenda could be Obama’s Achilles’ heel, resulting in a loss of blue states back to red in 2010.
Current Federal Law:
Through the end of 2009, the tenant improvements are depreciated on a 15-year schedule. On January 1, 2010, this will change to a 39-year depreciation schedule.
Congress must act now to extend or make permanent the 15-year depreciation period.
- Leasehold improvements are the build-outs to tenant space from floor to ceiling and everything in between.
- A 15-year depreciation schedule more closely reflects the reality of the marketplace. Leasehold improvements typically don't last longer than 15 years, at most, before they are replaced.
- Job creation and economic stimulation: Indeed, almost $250 billion is invested in commercial real estate improvement annually, with $15 billion of that amount going to leasehold improvements.
Please click here for more details about BOMA San Francisco's Washington D.C. trip
- The National Science and Technology Council has proposed new standards for the development of net-zero, high-performance buildings.
- California's 2-month-old budget is (surprise!) still short.
- Is the GOP still relevant in California?
- Will San Francisco become more frugal in response to the grim budget outlook?
Monday, April 13, 2009
Sunday, April 12, 2009
The Water-Wise Evaluation program—which uses your billing history as a guide—has a water conservation technician visit your site who will provide a comprehensive review of your water usage and will produce a report with water saving (and money saving!) recommendations. With a water rate increase in July 2009 to the tune 13%, it’s important to take advantage of this program right now. Please be aware that there is a 2-3 week lead time to schedule an appointment, so call the SFPUC Water Conservation Section today at (415) 551-4730.
The San Francisco Public Utilities Commission (SFPUC) will most likely increase water and sewage rates over a five year period to both residential and commercial customers to pay for the Water System Improvement Program (WSIP)—mostly for seismic improvement projects. The final vote is expected to take place on May 5, 2009. The impact to commercial interests would be a 13% increase in water rates; sewage rates would go up by 1%. Please click here for more information on the proposal. New rates would be effective July 1.
Saturday, April 11, 2009
- Support BOMA member information needs regarding security and life safety measures
- Facilitate communication between BOMA members and their tenants
- Support Government agency needs and facilitate communication between those entities and BOMA members
Goal:To identify exemplary safety, security, emergency preparedness and incident prevention practices in the commercial property field, and to educate members about the security and life safety assessment and planning tools, and range of preparedness options available to them.
- We mentioned that commercial real estate rents are down 24% from the first quarter of last year, and the second quarter looks to be even worse.
- The City of San Francisco has launched recoverysf.org, a website that reflects how much money the city has, and will, be rewarded from the American Recovery & Reinvestment Act (ARRA), and where the funds will be spent.
- U.S. Department of Energy forms the commercial real estate alliance.
- Fed informs some banks (the big ones) to keep quiet about their 'stress test' results.
- California ranks low as a business friendly state according to one report.
- Gov. Arnold Schwarzenegger makes the case for the budget propositions in May: they need to pass or the state will be in really bad shape (video included!).
Friday, April 10, 2009
BOMA San Francisco would like to thank everyone who attended our PAC at the Park event last night at China Basin!
With BOMA's special guest, former San Francisco Giants player and manager, Jimmy Davenport in attendance, and a raffle for a signed ball of the 2008 National League Cy Young Award Winner, Tim Lincecum, the event was a great success!
From left to right: John Bozeman, Legislative Assistant, BOMA San Francisco; Amber Miller, Assistant Property Manger, Boston Properties; Preston Richards, Chair, BOMA San Francisco Young Professionals Committee.
Thursday, April 9, 2009
ANTI-GRAFFITI SUPER HUDDLE
April 23, 2009
2:45 p.m. Registration
3-5 p.m. Program
5-6 p.m. Social Hour.
As someone who works to improve the quality of life and the beauty of the community, you are invited to participate in the Second Anti-Graffiti Super Huddle. At the Huddle, you will receive information about the City's campaign to defeat graffiti vandalism and learn how to get involved. The event will feature guest speakers, neighborhood resource tables, and a social hour where you will meet others who share your concerns and who want to take action.
New Asia Restaurant, R&G Lounge,
- Commercial Mortgage-Backed Securities (CMBS) outlook shows that the worst may not be over.
- Union representing City of
workers is asked to make concessions in light of the budget deficit. San Francisco
- A myriad of vacant office space is available in
right now due to, you guessed it, the bad economy. The good news? You can get office space on the cheap (rents are down 24% from one year ago). Click here or here for the story. San Francisco
- Editorial: The city should enable job creation in downtown
. Click here to read all about it; click here for the SPUR report on the subject. San Francisco
- California Superintendent of Public Instruction Jack O'Connell is exploring a gubernatorial run.
- And you'll never guess (pun intended) who else is running for governor.
- Tom Campbell is not your run-of-the-mill candidate for governor.
- Thomas L. Friedman's view of a carbon cap-and-trade system.
Wednesday, April 8, 2009
- Growth in employee wages and benefits – not the number of employees – accounts for 54 percent of the spending growth.
- Public Health: San Francisco’s per capita spending on public-health services is more than double the average of surveyed peer counties.
- Human Services: San Francisco spends up to three times more per capita on social services.
- Police and Fire: San Francisco is the only city that has a voter-adopted minimum staffing level for its Police and Fire Departments.
- The current recession has been a wake-up call across the country. Here in San Francisco it is time to seriously evaluate our cost structure with the goal of living within our means.
- Budget & Finance Committee Chair John Avalos is pondering whether to have the Mayor submit a proposed city budget earlier.
- Mayor Newsom backs San Francisco's proposed taxi revenue plan (video included)
- Increased taxes on the November ballot? Read about it here.
- Tired of increased taxes in California? You are not alone.
- Lieutenant Governor John Garamendi may abandon his run for California Governor. Which of the remaining gubernatorial candidates would benefit if that happens? Click here to find out.
- Let the May special election ad battles begin! (FYI - BOMA California supports Propositions 1A-1F on the May 19, 2009, Statewide Special Election Ballot).
Tuesday, April 7, 2009
Prop 1A will stabilize budget spending over the long-term, limit state spending based on 10-year revenue trends, and mandate a bigger rainy day fund, forcing the politicians to save in good years so we have money when the economy falters.
Prop 1B ensures that schools receive $9.3 billion over time, so that the billions in education cuts California was forced to make during this unprecedented fiscal crisis are not permanent.
Prop 1C modernizes the state lottery and brings in $5 billion to the state immediately. By updating the Lottery for the first time since 1984, the state will be able to maximize this currently underperforming asset and bring in crucial revenue for schools, public safety roads and other priorities.
Prop 1D temporarily redirects a portion of $2.5 billion in excess funds from a voter-approved tobacco tax. This measure redirects a portion of these funds to pay for children’s health and social services and to prevent deep cuts to kids’ healthcare and other programs while still funding the programs already supported by this revenue stream.
Prop 1E temporarily redirects a portion of funds from the Mental Health Services Act to fund children’s health programs that are at risk of elimination due to the budget crisis, including health care screening, diagnosis and treatment.
Prop 1F prohibits legislators, the Governor and other state politicians from getting pay raises whenever California is running a budget deficit.
UPDATE (as of 4:30 p.m.):
Click here to listen to the KCBS report on the charter amendment.
BOMA San Francisco will host it's 9th annual PAC at the Park patio party at the China Basin Landing Wharf, 185 Berry Street on April 8th from 4 p.m. to 7 p.m.
Attending this event is BOMA's special guest, former San Francisco Giants player and manager, Jimmy Davenport. This is a wonderful opportunity to meet a San Francisco Giants great, mingle with BOMA San Francisco PAC Board Members, and to enjoy some wonderful food and beverages! Please click here for more information.
- Supervisor David Chiu is trying to streamline the 15 (!) city agencies that small business owners must wade through for permits.
- Mayor Newsom is in Washington D.C. today for an environmental conference.
- Supervisor Michela Alioto-Pier may run for Lieutenant Governor.
- The latest on the growing list of candidates for California Governor.
- How will Tom Campbell, Schwarzenegger's former budget director vote in the May 19 special election? Click here for the details.