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The Annual Market Outlook This year’s Market Outlook will offer the same plausible predictions you’ve come to expect every year from Russ Nelson and his prominent panel of prognosticators. Following the meeting, we’ll gather for a happy hour networking event. Will we be commiserating about a dismal forecast, or will we be celebrating an improving outlook? Join us to find out! Thursday, January 31 3:00 – 3:30 sign in and networking 3:30 – 4:30 program, 4:30 – 6:00 happy hour WHERE: Golden Valley Country Club 7001 Golden Valley Road COST:

Members: $42 ($37 if you register by noon on Friday, January 25th.) Nonmembers: $49. Same day registration: Members $45, Nonmembers: $55.

This Year’s Panelists

This month’s newsletter is arranged with narrower columns to make it easier to read on your smartphone. Do you read it on your smartphone? Let us know by sending an email to

Russ Nelson,

Principal at Nelson Tietz & Hoye Serving as our moderator

Dan Gleason

Executive Director of Brokerage Services at Cushman & Wakefield | Northmarq

sm@bomampls.org.

Kathy Schmidlkofer

Executive Vice President at Greater MSP

Register

Cancellations must be received 24 hours in advance. Substitutions honored.

Smart Phone Friendly

Erin Wendorf

Senior Associate at CBRE

Thanks for reading our online edition! This month, click on each of our advertisers' ads to find the link to enter a drawing for a

$50 gift card. Last month Tami Shroyer (CWNM) won a $50 gift card to Blue Point Restaurant for being one of our online readers.

President’s Message 2 Upcoming Events 3 RPA and FMA Courses 4

Your Dues Dollars at Work Networking and Marketing LED Lighting

5 6-7 8

Kilowatt Crackdown 9 Mentorship Recap 10 Holiday Party Recap 11


President’s Message

BOMA Greater Minneapolis www.bomampls.org 121 South 8th Street, Suite 610 Minneapolis, MN 55402-2825

By Dave Dabson

Phone: 612-338-8627 Fax: 612-340-9744

The BOMA Newsletter

Sheila Miller, Editor and Publisher

these designations. The professionals who pursue RPA, FMA, SMA, or SMT designations are showing initiative, investing significant time, and acquiring knowledge and skills they will apply for the benefit of your bottom line.

Optimism Let’s take just a brief moment to reflect on what a terrific year we all had in spite of continuing economic challenges. Our state continues to out-perform the nation’s economy, employment and real estate markets. Additionally, 2012 closed with local notable commercial real estate assets trading to new incoming institutional investors showing a heightened interest in our market as perhaps more than “flyover territory.” These are all good indicators and reason for an optimistic outlook on 2013. Resolutions For many of us, the new year compels us to make a list of resolutions. Lose 10 pounds, take a writing course, volunteer at school, …. Forget trying to get on a treadmill over lunch hour at the health club until mid-February…. Self improvement is on our minds. Let BOMA offer an opportunity! Next month BOMA Greater Minneapolis is launching a series of BOMI classes. (See page 4 for class list.) BOMI designations such as the RPA (Real Property Administrator), FMA (Facilities Management Administrator), SMA (Systems Maintenance Administrator), and SMT (Systems Maintenance Technician), give you the opportunity to distinguish yourself in the industry with impressive credentials.

I’d like to thank our BOMI Taskforce volunteers Brian Burg, Tara Christensen, Janelle Kinning, Steve Poechmann, and Julie Samuelson, as well as BOMA staff, Kristine Frederick, for their hard work developing the launch of our local classes. Now we need your support to take advantage of these newly revamped courses to develop yourself and your teams. Advocating For You As the 2013 Minnesota legislature convenes in just a few days, BOMA Greater Minneapolis continues our vigilance on issues most critical to the industry, including fair treatment of commercial properties from a taxing and regulatory perspective. Watch for our calls for action requesting your assistance to convey key points to your representatives. We also want to know what’s important to you. Pick up the phone and give Kevin Lewis, our Executive Director, a call or email and let him know what is important to you and/or your company. Being involved in the process can be very rewarding. Happy New Year everyone, and here’s hoping 2013 is personally and professionally prosperous and energizing.

January 2013

Officers President: David R. Dabson, RPA, CCIM, CPM Piedmont Office Realty Trust, Inc. Vice President: Theodore J. Zwieg, FMA, RPA Brookfield Properties Corporation Secretary/Treasurer: Jon A. Kuskie, Zeller Realty Group Directors Elizabeth K. Anderson, RPA, Hines Brian J. Burg, RPA Cushman & Wakefield/NorthMarq Real Estate Services Susan J. Goldstein, Xcel Energy Michael A. Hagen, The 614 Company Tanya J. Hemphill, RPA, CCIM, CPM Investors Real Estate Trust Kimberly K. Ihle, RPA, CPM, CBRE

David A. Marquis, Target Corporation Jeffrey C. Steinke, RPA, Ryan Companies U.S. Inc. J. Michael Thornton, RPA, Frauenshuh David K. Wright, FMA, RPA U. S. Bank Corporate Real Estate

It has been my goal as your President to reconnect these designations to BOMA, bolster the pride designees have in their achievement, and remind industry leaders of the value of •

DISCLAIMER: All advertisements are accepted and published by the publisher upon representation that the Agency and/or Advertiser is authorized to publish the entire contents and subject matter thereof. The Agency and/or Advertiser will indemnify and hold harmless the publishers, the employees and agents of the publisher from any loss or expense from claims or suits based upon contents of any advertisement including claims or suits for defamation, libel, violation of rights of privacy, plagiarism and copyright infringement.

Linne M. Lemke, Plantscape, Inc.

While the courses are also available online, we’re excited to provide the face-to-face delivery of these classes by highly qualified local instructors. Many of you have told us you value the personal instruction and the opportunity to connect with colleagues in the classroom.

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Statements and opinions expressed herein do not necessarily represent the opinion of BOMA or its membership. Articles may be reprinted only by written authority of the editor.

Kevin Lewis, Executive Director Printed on 100% recycled paper, 30% post-consumer recycled content.

BOMA Greater Minneapolis


JANUARY ENGINEERS MEETING

Wednesday, January 9

While our professional lives rarely resemble the outlandish situations and colorful characters portrayed in “reality” television, a common refrain of people in our industry is that they enjoy that “every day is different, every day has its own challenges.” On February 27, BOMA’s Service Providers Council will spoof reality television at our annual Resource Fair to bring you the solutions to help you manage your reality.

FEBRUARY ENGINEERS MEETING Quick Retrofit Energy Saving Solutions

We invite all Regular Members (property owners and managers) and building engineers to attend this annual trade show and to bring anyone from your staff that makes purchasing decisions at your properties. This is an opportunity to meet the cast of characters who provide the services and products you need to run your building and to learn about the genuine products and services they offer.

See details at www.bomampls.org.

As lighting accounts for a large proportion of the energy used in commercial buildings, the lighting system represents a big opportunity to use energy more efficiently. Through specific light control functions in the form of occupancy sensors, daylight sensors and timers used either individually or in combination, light management systems can guarantee maximum energy savings and lower CO2 emissions, enhance maximum comfort and productivity, offer greater flexibility and provide scope for personalized light scenes. Yet another development that has made great strides in technology in recent years is the ability to remotely control a lighting system. This allows facility managers to monitor lighting solutions from any location either with internet or intranet access. Join us to learn about sophisticated lighting management systems, their implementation, and the budget implications of their installation and use. Our speakers will provide examples of their use in small spaces and entire buildings.

Wednesday, February 6

11:30 sign-in and networking, 12:00 – 1:30 lunch and program. WHERE: Windows on Minnesota, 50th floor of IDS Center COST: Members: $42 ($37 if you register by noon on Friday, February 1st.) Nonmembers: $49. Same day registration: Members $45, Nonmembers: $55.

Register

Cancellations must be received 24 hours in advance. Substitutions honored.

Wednesday, February 27 11:00 a.m. - 2:00 p.m. Who: Open to all Regular Members, their engineers, and staff. Registration includes lunch and the opportunity to win prizes. Lunch is free to those who visit at least 25 exhibits. Watch for the complete announcement in the February newsletter.

Upcoming Events

Building Automation Systems — Remote Access

ANNUAL RESOURCE FAIR Managing Realty


BOMA Greater Minneapolis is now offering RPA and FMA Courses Real Property Administrator (RPATM) • Facilities Management Administrator (FMATM) Ethics is Good Business Friday, February 15 (one day seminar) 9:00am-4:00pm Metropoint Building, St. Louis Park Understand the impact that ethical behavior can have on your professional performance and your property’s bottom line. By working through difficult ethical dilemmas, you’ll develop the confidence to follow through, even when facing adversity.

Environmental Health and Safety Issues Tuesday Sessions: TENTATIVELY March 5 - April 23 (8 sessions) 2:00pm-6:00pm Metropoint Building, St. Louis Park Protecting the environment and promoting worker health and safety are issues at the center stage of today’s property industry. This course provides an overview of the environmental health and safety considerations in building operations. Develop and manage proactive environmental/occupational health and safety programs, comply with regulatory standards and guidelines governing facility health and safety issues, and assess when to obtain technical assistance.

Real Estate Investment and Finance Tuesday Sessions: September 17 - November 5 (8 sessions) 2:00pm-6:00pm Metropoint Building, St. Louis Park Learn to take charge of real estate investments to maximize the value of a property. Develop knowledge about basic financial concepts as they relate to real estate, including valuation, analysis, taxation, depreciation, and life-cycle costing. Evaluate real estate investments and develop budgets that estimate net operating income. Study the income capitalization approach and cover property taxation costs and strategies to offset these costs. Gain the skills to conduct discounted cash flow analyses and calculate net present value and internal rate of return. This course features exercises that require the basic use of the HP 10bII* financial calculator.

Budgeting and Accounting Wednesday Sessions: September 18 – November 6 (8 sessions) 2:00pm-6:00pm Metropoint Building, St. Louis Park Budgeting and Accounting features applications and problems you can use to create building and facilities’ budgets. In this course, you will have the opportunity to apply concepts within the real property and facilities context. Follow the accounting process and creation of a budget from start to finish, learning such valuable skills as how to interpret financial statements, annual reports, and statements of cash flows. Learn practical skills such as how to compile lease abstracts and prepare rent rolls. The course includes valuable exercises pertaining to computing productivity ratios, depreciation, ending cash balances, preparing income and expense budgets, and explaining budget variances.

For more information on course fees and to register, visit BOMA Greater Minneapolis website at www.bomampls.org. Page 4

January 2013

BOMA Greater Minneapolis


Your Dues Dollars at Work By Kevin Lewis BOMA Executive Director

H.J. Development

If you’ve ever wondered whether those connections you make at BOMA’s annual Student Reception are worthwhile, they are! Erika Bennett (St. Thomas grad) is just one of many of our current members whose first introduction to BOMA was over lunch at the October meeting. Erika credits her host, Dick Schadegg, with giving her a positive impression of the organization while telling her that both the education and the connections she would make through BOMA would be invaluable throughout her career. So after she graduated and was hired by H.J. Development to manage fourteen retail and two office properties, she asked her boss, Jeff Carriveau, a partner in the company, whether she could join BOMA. She says he was excited about both the education and the connections Erika would get from BOMA and he encouraged her to join. H.J. Development has long been involved in retail-focused real estate organizations since their founding in 1983 when Jerry Hertel and Gary Janish built a 7,000 square foot Tom Thumb-anchored center in Savage, Minnesota. Since the success of that project, H.J. Development’s portfolio has grown to more than 1 million square feet in the Twin Cities region. Jerry Hertel retired last year but Gary Janisch remains involved while Jeff Carriveau is the Managing Partner.

Jerry Hertel and Gary Janisch

Although their memberships differ from ours, the Minneapolis Regional Chamber of Commerce, led by Todd Klingel, and the Minneapolis Downtown Council, led by Mark Stenglein, have many shared visions with BOMA. Advancing and promoting the economic vitality of Minneapolis and the surrounding area with a keen eye on issues such as the expansion of a multi modal transit system, crime prevention, property tax relief, and infrastructure improvements, are just a few issues we directly cooperate on. On another level, BOMA also engages with the Minnesota, Bloomington and TwinWest Chambers of Commerce, the Minnesota Taxpayers Association and the DID to name a few. I urge you to check out page 5 of your handy 2012-2013 BOMA Membership Directory for a complete list of partner organizations and other external involvement.

Erika says one thing she likes about working for a privately held, locally owned company is that the owners/partners are just down the hall from her. “They’re interested, knowledgeable, and invested in the properties I manage.” Erika is currently participating in the BOMA Young Professionals program and is looking forward to getting even more involved.

Members of BOMA Greater Minneapolis are, by and large, unified on the core issues that affect the commercial real estate industry. Our core concerns include increases in commercial property tax, energy rate cases, unwanted government mandates, rise in nuisance crimes, and changes in building codes. These are the issues on which BOMA staff, our Board of Directors, the Government Affairs Committee and others collaborate to address on a daily basis. And let’s not forget our alliance with BOMA St. Paul and the BOMA Minnesota Coalition. Stepping out from our own internal world, there are other entities BOMA partners with for the betterment of our organization and the members we serve.

Jeff Carriveau

Your Dues Dollars at Work

Collaboration Crucial to BOMA’s Success

Here is to a successful 2013!

BOMA Greater Minneapolis

January 2013

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Maximize your Membership R0I the cultivation of productive relationships. Networking: (Network to make friends. The payoff comes later.)

No matter how long you’ve been in the industry, you can’t know everything. You don’t need to as long as you have a network. But networking is easier for some than for others. Here are a few tips and a list of the opportunities BOMA offers to exercise your skills and build your network. Smile and Shake Hands. Keep connected with industry pals, but take the opportunity at every occasion to smile and introduce yourself to one or two people you don’t know. Try to tuck away one thing to remember about them next time you greet them at a BOMA event. Fake It. If you’re shy, you might need to “fake it” for a while until it gets easier but be genuine in your interest about those you’re meeting and it will get easier.

Diversify. If you only reach out to people like yourself – your company co-workers, your job title, your age group, your experience level, your . . . fill in the blank . . . your network will be pretty shallow. BOMA’s core purpose is to provide advocacy and education for commercial real estate owners and managers (Regular Members). In 1955 we opened membership to Associate and Professional Members as we recognized that service providers could benefit from learning more about Regular Members’ needs and interests and Regular Members could learn from service providers’ expertise.

Occasions to Network General Meetings Attending our monthly breakfast or luncheon meetings gives you the opportunity to meet a variety of your fellow members. Engineers Association Meetings Attend the BOMA Engineers Association meetings to meet engineers and the service providers who are engaged in the nuts and bolts of building operations. Medical Buildings Meetings Anyone who owns, manages, or provides services to medical office buildings is invited to attend these meetings featuring speakers relevant to medical buildings. Page 6

January 2013

Committees Participation on a committee is one of the best ways to establish relationships and to contribute to the success of the organization. See a list of committees on the BOMA website or in your membership directory. Charity Projects Work shoulder-to-shoulder alongside your fellow BOMA members to help build a playground for Project for Pride in Living or help move furniture in Bridging’s warehouse. Build relationships while doing something good in the community.

BOMA Greater Minneapolis

Share Your Expertise If you have expertise that would be of value to property owners, managers or building engineers we’re always looking for high quality educational presentations from engaging speakers and we try to give BOMA members first priority. Newsletter Articles Authoring an article for the BOMA newsletter can be a reminder to readers of your expertise and can help draw people into your network. Call the BOMA office for more information.


Especially for Associate & Professional Members

Marketing:

The action or business of promoting and selling products or services.

Opportunities for investing your marketing dollars. Membership Directory

Membership in BOMA includes the benefit of a free listing in four places in the annual directory: 1. the Membership by Company pages, 2. the Membership Alphabetical pages, 3. the Buyers Guide which includes a paragraph about your company if you send it to us, and 4. the Yellow Pages, which includes your company in an appropriate category. You may also purchase an advertisement in the directory. Choose full or half page ads; choose black & white or color. The directory goes to all BOMA members and serves as a year-round reference. Watch for the invitation: February-March Published in July In 2012 ad costs ranged from $429 for a halfpage black & white ad to $1031 for a full-color cover ad.

Golf Tournament

The Golf Tournament offers several ways to get visibility for your company. Be a tee sponsor, a green sponsor, a lunch or dinner sponsor, a drink sponsor, or give a gift for the gift bags given to all golfers. Attendance at the Golf Tournament averages 216 people. Watch for the invitation: May Event in August In 2012, sponsorships ranged from $250 for a Green Sponsor to $565 for a Premium Hole Sponsor.

Fall Seminar

The BOMA Education Committee works with BOMA St. Paul to plan two half-day seminars every year for BOMA members in the Twin Cities region. All BOMA members are invited to serve as sponsors and benefits can include having a display table at the event, being thanked in the PowerPoint and from the podium, and being listed in the BOMA newsletter and on the

website as a sponsor. Attendance at seminars averages 80-180 people, depending on the topic. Watch for the invitation: June Event in October or November In 2012 sponsorships range from $125 for a Literature Sponsor to $750 for a Program Sponsor.

Newsletter Advertising

BOMA’s monthly newsletter is produced in both print and digital formats and goes to nearly 700 readers, including property owners / managers, engineers, and other BOMA members. Advertisers get ads in both editions for no additional cost. The digital format provides color ads, links to your designated web page, and the opportunity to have video commercials within the publication. Watch for the invitation: October Published monthly In 2013 ad costs range from $146 for a business card ad to $525 for a half-page ad, depending on the frequency with which you wish to run the ad.

Resource Fair

This is BOMA’s extraordinarily popular trade show. Both members and exhibitors rave about this fun event and the opportunities it provides to make great connections. Attendance – including exhibitors – averages 385 people. Watch for the invitation: November Event in February or March In 2013 a booth is $325 with an additional minimal charge if your booth requires electricity.

TOBY (The Outstanding Building of the Year) Publication This publication features our local candidates for TOBY awards and is printed as an insert in our newsletter as well as the Twin Cities Business Journal. The publication offers an opportunity for the TOBY buildings’ service providers to share the spotlight with an ad ranging from just a logo up to half a page. Watch for the invitation: November Published in February In 2013 ad costs range from $130 to have your logo included to $1500 for a Platinum sponsorship.

Spring Seminar

Same as fall seminar. Watch for the invitation: November Event in March or April

Taste of BOMA

This happy hour networking event is planned periodically to show off a new or unique property. The property’s service providers are the first to be invited to serve as sponsors and those sponsors have the opportunity to be placed along the route of a building tour to show off their work. Attendance ranges from 80-100 people. Watch for the invitation: Varies In 2012, sponsorships were $250. * Dollar amounts are current as of January 2013, but each event is budgeted by the committee that plans it and costs vary from year to year.

BOMA’s Associate and Professional Members are generous supporters of the organization through their marketing dollars. Be sure to include them in your invitations to bid at your properties. BOMA Greater Minneapolis

January 2013

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LED Lighting to switch to LED lighting, they would save energy equivalent to the capacity of three of their nine nuclear reactors (Lighting the way: Perspectives on the global lighting market, McKinsey & Company, 2011 Second Edition, 27). The lighting industry has experienced some profound changes over the past 73 years, but none as significant as that created by the LED. Over the past 20 years the lighting industry has consistently introduced a variety of products that use less energy without sacrificing light output or lamp performance. LED technology, on the one hand, is simply a continuation of the evolution of lighting; yet on the other hand, the component Nick Holonyak nature of LED technology lends itself to applications that to this By Jay O’Neal, Voss Lighting point have only been imagined In 1962, while working as a and will no doubt redefine how consulting scientist at General we light office space in the future. Electric, physicist Nick Holonyak This is a product with applications invented the world’s first Light reaching into all aspects of lighting, Emitting Diode (LED). Today, 50 from a bedroom nightlight to a city years later, LED lighting is the streetlight. LED lighting is capable fastest growing segment in the of replacing every common source global lighting industry. Not since of lighting we use, including incandescent, the invention of the incandescent fluorescent, halogen, and HID lighting light bulb over 100 years ago has products, while saving 70 to 80 a lighting source created so much percent in energy consumption. interest in the market place. Whether replacing an existing Much of that interest has been halogen floodlight, retrofitting a 2x4 generated over the concern of troffer, or installing outdoor security future global energy demand. As lighting, LEDs are fast becoming the global population continues the replacement lighting source to migrate into urban areas, the of choice for building owners and demand for electricity is projected facility managers. LEDs Magazine to increase by 60 percent in the reported that in the third quarter next 20 years. Lighting accounts LED-based sales at Philips grew for about 20 percent of global by 51% and accounted for 24% energy consumption. Switching to of total lighting sales, contributing energy efficient LED lighting could $650 million for the quarter. They avoid 40 percent of our future expect 45 percent of general global energy demand for lighting. lighting sales to come from LEDs According to a recent study by by 2015 and 75 percent market McKinsey & Co., if Germany were penetration by 2020. Page 8 •

January 2013

What’s behind the LED revolution? Why are customers who historically have been slow to embrace the newer lighting technologies suddenly clamoring for LEDs? After all, LEDs are not the first lighting products to offer substantial energy savings. Compact fluorescents (CFL’s) have been available since the early 1990’s offering similar energy savings. However, in recent years, as consumers have become more aware of the impact of mercury on the environment, CFL’s have lost their appeal as a global light source. This is not to say that environmental considerations are driving the LED revolution; they are not. Rather, it is the combination of lower product costs, energy savings, and maintenance savings that is driving the shift to LED lighting sources. Lower Product Costs Over the past 2½ years LED prices have dropped 40 to 50 percent. The first viable replacement indoor flood products sold on average for $95 in 2010. Today a much-improved version of that same product sells for $46. While some believe that LED pricing will continue to decline 40 to 50 percent per year, most of the manufacturers we represent believe that declines of 8-10% at the wholesale level are more realistic. The sharp decline in pricing already experienced is largely the result of an aggressive pricing strategy implemented by some of the major lighting manufactures to prevent companies such as Samsung and Toshiba from establishing a presence in LED replacement lighting. Energy / Maintenance Savings As stated earlier LEDs do not offer substantial energy savings over comparable fluorescent products; however, when one combines energy savings with the longevity of LEDs, the end user begins

BOMA Greater Minneapolis

to reap substantial savings in overall system costs. A standard BR30 fluorescent flood lamp has a life rating of 8,000 hours. The comparable LED lamp has a life rating of 25,000 hours. If both lamps burn 12 hours per day 7 days a week the fluorescent lamp will last about 2 years whereas the LED will last over 5½ years. So, if a facility has 100 recessed cans using fluorescent BR30 light bulbs, over a 5½ year period the maintenance staff will purchase and change out 3 fluorescent light bulbs for every LED. The cost of maintenance will be 3 times more with fluorescent than it would be for LEDs. When considering LEDs the following guidelines are suggested. (1) Stay with a major manufacturer – the warranty is only as good as the company behind it. (2) Make sure the product is Energy Star approved. This will provide assurance that the product will perform as advertised. (3) Consider the “Total Cost of Ownership.” Most of us would agree that $46 seems a bit much for one light bulb; but what does it cost to maintain the socket? And isn’t there something more productive that the maintenance staff could be doing other than changing out light bulbs?


2013 Registration Now Open! By Erin Mathe, Xcel Energy The countdown to Crackdown is on! There are just four weeks left to register for the 2013 Kilowatt Crackdown. Now in its third year, the annual energy conservation initiative that challenges you to improve your building’s efficiency is bigger than ever – gaining national recognition along with the ten other cities participating in such a contest. Whether you competed last year or are new to the game, the Kilowatt Crackdown is a great way to save energy and money through friendly competition. A total of 86 buildings in the Twin Cities participated in the first contest, saving over 13 million kilowatt-hours of electricity. Results of the second contest will be announced at an upcoming awards ceremony this spring. Companies have implemented changes such as retrofitting lighting, upgrading motors and variable frequency drives, buying higher efficiency heating or cooling equipment and conducting building tune-ups. Xcel Energy distributed over $1 million in rebates in the first year and expects to dispense even more this year. As in years past, the St. Paul Port Authority’s Trillion BTU project is the perfect partner. TBTU is a business loan program that helps companies and building owners attain energy savings – at no cost to them – to help make them more competitive, which, in turn, helps them retain and grow their workforces. Enough about why we do it. Here’s why you should do it. 1. Xcel Energy provides participants free consulting services to uncover energy efficiency opportunities as well as rebates and study funding.

2. Trillion BTU brings in impartial third parties like The Center for Energy and the Environment (CEE) to review contractor proposals and verify that the expected savings are obtainable. TBTU will also involve organizations that monitor energy use after the installation so that the owner knows just how much was actually saved. The cost of the before and after reviews is covered by TBTU entirely. 3. TBTU will fund 100% of the cost for energy efficiency projects so there is no need for capital. During the installation of the project, interest will not accrue and there are no payments due. Once energy savings begin, the payments will be less than the expected monthly savings for up to five years. 4. TBTU loans have always carried a 4.00% interest rate in the past. But get this: if you sign up for the 2013 Kilowatt Crackdown by the end of January and implement your projects before the end of summer, the interest rate will be cut in half to 2.00%. 5. In buildings where tenants are going to see the benefit of reduced energy costs but the leases do not allow energy efficiency savings to be passed through to them, Property Assessed Clean Energy (PACE) can be utilized. This is a special assessment that is paid back through property taxes so the tenants are allocated their proportional share. The bottom line is this: TBTU and KWC not only improve a business’ economic competitiveness, they help expand the existing energy conservation industry, creating new “green jobs” and a national center

of expertise. These programs reduce the use of fossil fuels along with the associated pollution and greenhouse gas emissions. Plus, if you win, you can brag about it in the commercial real estate market. So let’s get started. There are three simple steps to take the Kilowatt Crackdown Challenge: 1. Register your building(s) on the BOMA website by January 31, 2013. 2. Meet with your Xcel Energy Account Manager to set up an action plan for energy efficiency improvements. 3. Implement as many of the improvements as you see fit. BOMA and Xcel Energy will help you find applicable stimulus funding, study funding and rebate dollars for

your projects. Top performers will be awarded in the spring of 2014. Awards are based on three categories: highest performing buildings, most improved performance and most valuable tenant. All participants will be able to take advantage of the BOMA education seminar in February to get continuing education credits and learn more about Xcel Energy’s efficiency programs and special promotions. Register now at www.bomampls. org. Watch this newsletter for more information or contact Sue Goldstein at Xcel Energy at 612630-4521 or Sue.Goldstein@ xcelenergy.com or Pete Klein at the St. Paul Port Authority at 651204-6211 or pmk@sppa.com.


BOMA Ment

orship

B

OMA’s 2012 Mentorship program kicked off with mentors and mentees volunteering at Bridging. BOMA International recently recognized our program as a model for engaging young people in the industry. See the December edition of the BOMA International magazine. Since 2009 we’ve had 57 participants in the Mentorship program. Thank you all!

Tricia Mackenthun& Molly Tehle

Nick Trevena, Alex Leuthner & Rob Page Kristen Lillebo & Jerry Sand

Nick Trevena & David Bartels

Jerry Sand, Kristin Lillebo & Katie Bongard

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January 2013

BOMA Greater Minneapolis


y t r a P y a d i l o H S

pecialty cocktails and a visit from Santa and Mrs. Claus were just a bit of the fun of this year’s holiday party at Seven Restaurant downtown. See more photos!

Andy Morcomb, Stefanie Storms & Gabrielle Morcomb Matt Dow, Rich Miller Michele Erding & Adam Warden

Heidi Peterson, Cynthia Hable & Jean Beaupre

Bob Traeger & Jim Durda

Mike Dwyer, Doug Johnson, Kevin Lewis & Tanya Hemphill

Dave Dabson & Kevin Lewis

Dave Dabson BOMA Greater Minneapolis

January 2013

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JANUARY

Holiday – BOMA office closed Engineers Association Meeting Board of Directors Meeting Membership Meeting – Annual Market Outlook

FEBRUARY

Engineers Association Meeting Membership Meeting Board of Directors Meeting Resource Fair

MARCH

Engineers Meeting – CANCELLED (Come to the Resource Fair!) Board of Directors Meeting Membership Meeting

Welcome New Members Regular Members Jamie Korzan, Cassidy Turley Mark Richardson, Cassidy Turley Alexandria Davis, CWNM David Griggs, CBRE Jon Dahl, Jones Lang LaSalle Angie Kairies, Frauenshuh HealthCare Real Estate Solutions Ms. Toby Brill, Ruby Red Dentata, LLC Engineers Steve Dehen, Frauenshuh Matt Swanson, Hines Jerry Fish, Frauenshuh Matthew McPherson, Allianz Mike Englund, YWCA Josh Eicher, YWCA Bob Sherwood, Hines Scott McCracken, CWNM Charles White, CWNM Bruce Schuette, CWNM Associate Members Jim Commers, Impark

January 2013 - BOMA Greater Minneapolis Newsletter  

Monthly newsletter of the Building Owners & Managers Association of Greater Minneapolis

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