Publication of the Building Owners & Managers Association of Utah
BOMA Standard Utah
Learning through Experience: Drink, Swear, Lie and Steal to bettering our community through a variety of service projects. We are proud of the progress our Medical Office Building Committe has accomplished with its 15 members since its creation a short time ago. We have recently established ourselves with the academic community in educating a new generation of property managers. All in all, we have accomplished much. We have come a long way!
BOMA Utah P.O. Box 13967 Ogden, Utah 84412 801.710.2590 Admin@BOMAUtah.org www.BOMAUtah.org Executive Director Shelli L. Menegos, RPA, FMA
BOMA UTAH 2011 OFFICERS AND BOARD OF DIRECTORS President James Derrick, Miller Management Group President-Elect Todd Mabey, Zions Securities Corporation Vice President Lorrie Ostlind, Hines Properties, Inc. Secretary/Treasurer Casey G. Killian, Varsity Contractors Board of Directors Scott Bennion, CPM, Commerce Real Estate Solutions Jon Howard Carlson, Lincoln Harris CSG Gary L. Coker, CB Richard Ellis Eric S. Pauly, Centimark Corporation David D. Penrod, Zions Bank Russell Shinrock, Securitas Security Services USA
MISSION BOMA Utah is the standard of excellence, providing best in class industry leading practices, strong education, local advocacy and friendly networking unity.
ON THE COVER Boston Building, owned by Hamilton Partners. The BOMA Standard is a publication of Jengo Media. For editorial or advertising information call 801.796.5503 or visit www.UtahFacilities.com.
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At our 2008 TOBY Award’s luncheon Fred Ball instructed us on the four things we must do to succeed. Remember what they were? He told us we must drink, swear, lie and steal. We must drink in all of the knowledge we possibly can, swear to do the best job we possibly can, lie down and think how blessed we are and how we can bless others, and steal just a little time for prayer every day. Through your commitment to BOMA Utah, I have observed you doing some drinking, swearing, lying and stealing since Mr. Ball’s challenge. I believe he would be proud of how we have expertly applied his principles. As he promised, we have succeeded in moving BOMA Utah forward in many areas. BOMA Utah members have accepted many challenges over the last couple of years. Much was accomplished as we worked our way through them. In the last two years, our membership grew by 140 percent. The BOMA Utah Golf Tournament, with its charity component, is now established as a premier event in business circles. Our Advocacy Committee has promoted BOMA Utah interests among local, state and national officials. While we have much more to do in the Business Continuity Planning Program, we have laid a foundation as the voice for the commercial property sector in the state of Utah. We have demonstrated our commitment
BOMA Utah has gone SOCIAL! Join us on Facebook, Linkedin and Twitter
Each year in our golf tournament I’ve proved I am not a skilled golfer. When I finally connect with the ball it appears that my shots are far short of those with whom I am playing. But, after walking to the ball, my shot is usually not as short as it looked from the tee. Then I am glad I did not quit back at the tee! (If only I could control the ball’s direction, I might be able to compete.) During these past two years, you have pressed on, serving BOMA even when our progress appeared short. I watched as you accepted challenging assignments and received the reward which only comes by serving others. Together, we hit the ball farther than we thought we could. It has been a privilege for me to be a part of it with you. My father has said, “Service is its own reward.” And so it is. Thank you for your selfless service to BOMA Utah and your successful drinking, swearing, lying and stealing for the betterment of our community and our industry. Sincerely, Jim Derrick BOMA Utah President
COMMUNITY SERVICE: The purpose of the Community Service Committee is to encourage and facilitate active participation from BOMA members in volunteer activities throughout the Salt Lake community. The committee uses the professional skills and knowledge of the individuals within BOMA to improve the facilities of selected charities.
Members: Alexandra Norton, David Penrod, Brett Parry, Helen Smith, John Barlow, Rudy Larsen, Russell Willmon, Tyler Brinkman, Paul Limburn
Contact: Rudy Larsen, chair, at firstname.lastname@example.org
News: The Community Service Committee built a dog park for the Davis County Animal Shelter. The 4,000 square-foot dog run was built with all donated money, material and labor. The committee was able to give Davis County a park that would have cost $26,000. The Service Committee is also working on a project for the American Red Cross in conjunction with money that was raised from the BOMA Utah Golf Tournament.
EDUCATION: The purpose of the Education Committee is to provide educational and designation courses and curriculum to keep the membership current and trained in the requirements of their profession and continually strive to raise the level and quality of professionalism within the industry and profession. It plans, conducts and oversees study programs and seminars, including those offered by BOMA International, BOMI International and sponsored by BOMA Utah.
Members: Aaron Weight, Justin Farnsworth, Ed Tallerico, Kevin Bezzant, Paul Gallegos, David Penrod, Craig Payne
GOLF: The mission of the Golf Committee is to organize, promote and implement the annual golf outing. The committee will develop and implement a schedule of events including establishing a date for the event, soliciting and securing a golf course to hold the event, preparing a budget, promoting and acquiring sponsorships, organizing awards presentation and coordinating the event.
Members: Jerry Pace, Terrell Sparks, Mike Reidy, Ron Moore, Paul Limburg, Steve Boogaard, Cheryl Sanford, Russ Shinrock, Dario Benitez
Contact: Jerry Pace, chair, at email@example.com or 801.973.1216
News: The Golf Committee was successful in hosting the 2011 BOMA Charity Golf Tournament, sponsored by Securitas Security Services, Inc. The event was held at the Willow Creek Country Club in September. The committee raised $7,550 from the sell of raffle tickets, licorice ropes and the 400-yard drive. The money will be used to help the American Red Cross. The Golf Committee would like to thank the sponsors as well as the volunteers who make the annual golf tournament possible.
The purpose of the Local Advocacy Committee is to meet with those who propose or decide public policy, analyze existing or proposed legislation and/or regulations to determine the impact on BOMA members and recommends for BOMA Board approval what position the association should take on such matters. The committee educates and informs BOMA members, elected and administrative officials, and the public about issues of significance to commercial real estate.
Aaron Weight, chair, at firstname.lastname@example.org or 801.321.8700
Stephen West, Paul Porter, Justin Farnsworth, Scott Bennion, Karl Bowen, Mark Thompson, George Hampton, Fernando Cruz, Betty Parker
EMERGENCY PREPAREDNESS: The mission of the Emergency Preparedness Committee is to support BOMA members in regards to security and life safety measures. The committee will facilitate communication between BOMA members and their tenants and government agencies.
Members: Russell Shinrock, Eric Fairbanks, Ed Tallerico, Ron Moore, Karl Bowen, Jeffrey Sheppard, Linn Griffith, Diane Rawson, Ray Wilcox
Contact: Russell Shinrock, chair, at email@example.com or 801.290.1699
News: The Emergency Preparedness Committee with Utah Disaster Kleenup hosted an August luncheon. Kevin G. Holman, exercise training officer for The Utah Department of Public Safety Division of Emergency Management, spoke at the luncheon. He addressed BOMA Utah's Business Continuity Plan and introduced the pilot program. The committee continues to work on offering emergency preparedness classes and preparing for the 2012 Great Utah Shakeout.
Contact: Stephen West, chair, at firstname.lastname@example.org or 801.365.6217
MEDICAL OFFICE BUILDING:
The mission of the Medical Office Building Committee is to promote â€œbest practicesâ€? and advance the interests of the medical office building industry through leadership, advocacy, education, research, information and networking.
Members: Jon Carlson, Chris Day, Emily Fuller Koon, Ron Loock, Matt Jensen, Larry Knowlden, Tom Uriona, Greg Kyte, David Pinkston, Mike Reidy, Casey Killian, Paul Throndsen, Mark Van Mondfrans, Tom Richter
Contact: Jon Carlson, chair, at email@example.com or 801.424.6080
continued on page 4 FALL 2011 BOMA STANDARD I 3
COMMITTEE UPDATES continued from page 3
News: After a year of planning, the Medical Office Building Committee has scheduled a symposium regarding healthcare trends and their impact on real estate for Wednesday, Oct. 26, (at the Rice Eccles Stadium). Lorie Damon, vice president of education and research for BOMA International, is anticipated to be the kick-off speaker. Two different panels, each consisting of four panelists, will share their expertise in healthcare management and/or real estate. Three CEU credits should be available through this program. Peter Hanlon, an investment specialist with Commercial Real Estate Solutions, is the newest member of the Medical Office Building Committee.
MEMBERSHIP: The mission of the Membership Committee is to recruit new members and promote active membership for the purpose of increasing our body of members and participation. The committee will develop an understanding of the organization, its benefits and membership fee structure.
Members: Eric Pauly, Mike Reidy, Cheryl Sanford, Craig Castle, Dario Benitez, J.D. Sheppard, Mary Thul, Paul Gallegos, Richard Fuchs, Steve Bryant, Clay Geilman
PUBLIC RELATIONS: The purpose of the Public Relations Committee is to improve the visibility of BOMA Utah in the Salt Lake City/Utah commercial real estate community through the media. The committee will help promote BOMA as a reliable source of information on the commercial real estate industry in Salt Lake City and surrounding areas.
Members: Travis Barrington, Kelly Lux, Gary Coker, Scott Gourley, Mark Thompson, Ed Tallerico
Contact: Travis Barrington, chair, at firstname.lastname@example.org or 801.224.5500
News: The Public Relations Committee sent out a press release regarding BOMA Utah's emergency preparedness efforts. The committee plans to generate a lot of interest in BOMA through the promotion of events like the Emergency Preparedness Tradeshow and Luncheon, the CERT classes and the Utah Shakeout.
TOBY: The mission of The Outstanding Building of the Year Committee is to select the buildings that embody the values and best practices of the commercial real estate industry and showcase them in the annual TOBY Awards
Eric Pauly, chair, at email@example.com or 801.907.8137
Renee Schmid, David Shepard, Casey Killian, Pam Mahoney, Dave Robertson, JD Sheppard
The purpose of the Programs Committee is to provide interesting and informative speakers for BOMA Utah luncheons.
Members: Casey Killian
Contact: Casey Killian, chair, at firstname.lastname@example.org or 801.972.3580
Contact: Renee Schmid, chair, email@example.com or 801.506.5005
News: The TOBY Committee is working on getting more BOMA Utah members to submit their buildings in the TOBY competition. By entering into the TOBYs, building managers will be more recognizable in the commercial real estate industry. The committee hopes to blend the TOBY program with the emergency awareness program. Judges will review emergency preparedness programs and contingency plans.
Commercial News You Need to Know BOMA Utah Builds Fenced Park The Senate Energy and Natural Resources Committee overwhelmingly passed S. 1000, the Energy Savings and Industrial Competitiveness Act of 2011, by a vote of 18-3. Sponsored by Senators Shaheen (D-N.H.) and Portman (R-Ohio), the bill would ratchet up the energy efficiency of building codes (ASHRAE 90.1) and potentially grant the U.S. Department of Energy (DOE) the authority to develop a NATIONAL MODEL ENERGY CODE, if the ASHRAE standard didn't meet the required efficiency targets. Unlike legislation on this issue that surfaced during the last session of Congress, the energy efficiency targets are not set in the bill. DOE would set the targets through a rule-making process. Despite the improved language, BOMA continues to oppose these proposed changes to the building code development process. The legislation also contains energy retrofit loan guarantees, which BOMA supports.
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for Davis Shelter Animals About 40 volunteers from BOMA Utah's Helping Hands helped to build a park for dogs and cats impounded at the Davis County Animal Care & Control Shelter. The 5,000 square-foot project, which was completed Sept. 3, is worth $26,000. Approximately 350 hours of volunteer labor were put into building the park. All of the supplies used to build the park were donated by volunteers. The park will help impounded dogs and cats become more adoptable by providing an area where they can play and interact with a potential owner. The park will mostly be used by dogs, but a separate pen was built within the park for cats. BOMA also donated 400 pounds of dog food to the shelter. Businesses who participated in the event included Lawn Butler, Al's Auto Parts, CB Richard Ellis, digitalworxs, Metro Graphics, RMT, Rubicon Contractors and Stratford Insurance Group.
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BOMA Utah TOBY Call to Entries
The Great Utah ShakeOut
2011-12 Competition Requirements BOMA Utah invites you to participate in BOMA International's 2011/12 competition for The Outstanding Building of the Year (TOBY). The competition consists of three levels: local, regional and international. The local competition requires the submission of a standard entry notebook and an inspection of your building by our judging team. The Outstanding Building of the Year Award was created in 1985 to salute excellence in the office building industry. Now, 25 years later, it remains the most prestigious and comprehensive program of its kind in commercial real estate, recognizing quality in office and industrial buildings and awarding excellence in building management. The local BOMA office along with the TOBY committee have revamped the local entry requirements and are now working on this year’s schedule to provide ample opportunity for revisions for the Local level winning submissions. The official schedule has been released to help guide you through the months up to the final submission at the regional level on March 1, 2012. The entry cost will remain the same as last year at $450: $25 data-submission fee of each building entered into the online system collected at the time of sign in; $150 to the BOMA local for awards, costs associated with judging at the local level and other related costs; $275 paid to BOMA International and collected upon submission of regional data. Get the recognition your team deserves! Contact Renee Schmid, TOBY chair, at firstname.lastname@example.org or Dave Shepard, vice chair, at email@example.com.
Is Your Office Building an All Star? The 2011 EER offers the tools and technology to help you hit a homerun. The best-performing office buildings in the industry participate in and depend on the benchmarking data found in the Experience Exchange Report from BOMA International and Kingsley Associates. Use custom data analysis to improve your asset’s performance. Purchase the EER at www.BOMA.org. Measuring building operating performance has never been easier. The online EER allows you to track income and expense performance of assets in hundreds of markets with just a few quick mouse clicks. Custom searches allow you to examine specific types of assets, such as MOBs, corporate facilities, all electric buildings and building characteristics, including building age, height and tenant types. Share data. Improve performance. Achieve excellence. That’s what the EER is all about. This budget season, put the EER on your team. This year’s larger-than-ever EER will help you be well-positioned to streamline the important, but time-consuming, annual budget process. With income and operating expenses from 6,500 buildings, 278 markets and reports for 140-plus cities, you’ll get the data you need to build better budgets – efficiently and effectively. Flexible pricing and 24/7 access will ensure a winning season for you. 6 I BOMA STANDARD FALL 2011
From left to right: BOMA Preparedness Chair Eric Fairbanks of Utah Disaster Kleenup; BOMA President-Elect Todd Mabey of Zions Securities Company; BOMA Vice President Lorrie Ostlind of Hines; Be Ready Utah Bee; BOMA Board Member Russ Shinrock of Securitas Security Services USA; BOMA Executive Director Shelli Menegos; BOMA Past President Dave Jones of City Creek Reserve. BOMA Utah was excited and honored to be invited to attend Lt. Governor Greg Bell, Be Ready Utah and the Division of Emergency Management’s press event to publicly launch the Great Utah ShakeOut, Utah’s largest earthquake drill ever. The ShakeOut is the first time Utahns across the state will be able to practice their emergency plans on the same day at the same time. So far, more than 246,000 Utahns have signed up to participate. BOMA Utah is the only real estate organization in Utah to have been invited to attend and currently has representatives on the Lt. Governor’s Steering Committee, the Salt Lake City Venue Evacuation Task Force and the Division of Emergency Management’s Coordinating Council. For more information regarding the Great Utah ShakeOut and to participate, please visit www.shakeout.org/utah/register/ or http://beready.utah.gov/beready/.
$920 Raised from Sale of 72-Hour Kits We are excited to announce that the Community Service Committee, along with Helen Smith of CBRE, Rudy Larsen of The Lawn Butler, Ali Norton of SimplexGrinnell and David Penrod of Zions Bank, were able to collect $920 from the sell of 72-hour kits. This money will go to the American Red Cross to help fund our Helping Hands work day. Thank you to the committee for all their hard work.
FALL 2011 BOMA STANDARD I 7
The 2011 BOMA Charity Golf Tournament
Tournament Winners 1st Place: The 2011 BOMA Charity Golf Tournament presented by Securitas Security Services USA was a tremendous success. We’d like to thank Jerry Pace of CCI Mechanical, Terrell Sparks of RiverPark Management & Development and the entire golf committee for all their hard work. This year’s event was the biggest and best in BOMA Utah’s history. Of course, we could not do it without our sponsors and volunteers. We would especially like to thank Koloa Landing at Poipu Beach for providing the grand prize. The winner of this seven days/six night stay in a two bedroom resort, valued at $3,000 was Kelly Kirkham. Congratulations!
Ron Moore, Terrell Sparks, Cary Nelson, Dave Layton
2nd Place: Scott Evans, Neil Townsend, Stacy Jones, Brandon Stale
3rd Place: Gail Waite, Sidney Waite, Linda Riley, Shane Riley
Grand Prize Sponsor Koloa Landing at Poipu Beach, A Grand Wyndham Resort Kauai, Hawaii, 7 Days/6 Nights, www.koloalanding.com Between the $7,550 raised from the sale of raffle tickets, licorice ropes and 400-yard drive and the $920 from the sell of 72-hour kits, BOMA Utah raised $8,470 for the American Red Cross. This money will go toward BOMA’s Helping Hands work day that will consist of repairing, organizing and stocking the many American Red Cross trucks that travel from region to region helping and supporting our neighbors.
Last Place: Bob Crandall, Clayton Horton, George Hampton, Jordan Funk
Contest Winners Closest to the Hole: Men’s: Tyler Irving Women’s: Stacy Jones
Longest Drive: Men’s: Jordan Murray Women’s: Nicole Quirk
Straightest Drive: Men’s: Tim Risinger Women’s: Helen Smith
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EVENTS Tournament Sponsor:
Securitas Security Services, Inc.
ABM Janitorial Service
Aeroscape Property Maintenance Belfor Property Restoration Big-D Construction CertaPro Painting Clear Green Partners Commercial Service Solutions Daw Construction Group Double Take Carpet Cleaning Dynamond Building Maintenance Jacketta Sweeping Service, Inc. Kimball Property Maintenance Merchants Building Maintenance RBM Services, Inc. Schindler Elevator Simply Right, Inc. Terracon Consultants ThyssenKrupp Elevator Varsity Contractors
Welcome Gift Sponsor:
Contest Hole Sponsors:
Spectra Contract Flooring
Centimark Roof Systems
5Star Family of Services KONE Elevators Mechanical Service & Systems RBM Services, Inc. (2) Redlee SCS, Inc. RotoAire Filter Sales & Service Wasatch Property Services, Inc.
Putting Green Sponsor:
Breakfast Sponsor: Varsity Contractors
Lunch Sponsor: Comcast
Drink Station Sponsor: The Lawn Butler
Hole-in-One Sponsor: Larry H. Miller Management Company
Raffle Sponsor: RBM Services, Inc.
Golf Cart Sponsor: ABM Janitorial Services.
Utah Disaster Kleenup
Jan-Pro of Utah
2011 Calendar To register for BOMA events and activities, visit www.BOMAUtah.org
Oct. 13 October Luncheon: Ride the Front Runner
Oct. 26 Medical Office Building Symposium at Rice Eccles Stadium 11 a.m. to 2:30 p.m. The Tower at Rice Eccles Stadium 451 S. 1400 East Salt Lake City, Utah Join us for our Medical Office Building Symposium with keynote speaker, Dr. Lorie Damon, vice president of Education and Research at BOMA International. Parking and lunch will be provided. Don't forget to use TRAX. Three hours of CEU credits are pending. BOMA Members and Guests: $35 Non-Members and Visitors:$60
A Big Thank You to our Volunteers Lorrie Ostlind, Hines Lacey Densley, CommonWealth Partners Ty Cherry, Aeroscape Property Maintenance & Landscaping Tom Richter, Jan-Pro of Utah Ali Norton, SimplexGrinnell Steve Bryant, ValleyCrest Landscape Maintenance Lynn Chambers, Alpine Art Carole Chapman, Century Link
Medical Office Building Symposium Sponsors For sponsorship opportunities email Admin@BOMAUtah.org.
Keynote Speaker Sponsor
$1,000 – Panel Sponsors (Two) This sponsor will be able to bring three guests with them at no charge and be seated at one of the front tables. A table will be set up at the event to distribute marketing material. The sponsor’s logo and company name will be featured on all promotional literature and BOMAUtah.org website. Signage produced for the event will indicate company as a sponsor. Sponsorship will be acknowledged in press releases and event brochures wherever possible. $500 – Luncheon Sponsors (Five) This sponsor will be able to bring one guest with them at no charge and have reserved seating. The sponsor’s company name will be featured on all promotional literature and BOMAUtah.org website. Signage produced for the event will indicate the company as a sponsor. Sponsorship will be acknowledged in press releases and event brochures wherever possible. $150 – Recognition Sponsors (Unlimited) This sponsor may attend at no charge. The sponsor’s company name will be featured on all promotional literature and the BOMAUtah.org website. Signage produced for the event will indicate company as a sponsor. Sponsorship will be acknowledged in press releases and event brochures wherever possible.
Dec. 8 Members Only Christmas Luncheon
Sign up at www.BOMAUtah.org or call the office at 801.710.2590.
FALL 2011 BOMA STANDARD I 9
Membership Dues Remember, our 15 for 12 membership campaign begins Oct. 1. Join for 2012 and receive the remainder of 2011 for free. The associate wait list has been lifted temporarily. So sign up today. Visit BOMAUtah.org or call 801.710.2590. Dues include all monthly luncheons, TOBY Awards Banquet in February, Trade Show attendance in May, Christmas Luncheon in December, membership in BOMA Utah as well as BOMA International. Principal Member: $850 Owners, investors, developers, managers and those who earn their primary livelihood for the disciplines associated with commercial real estate are those falling under the principal membership category. Properties can be office, industrial, corporate facilities, educational, governmental, high-rise residential, medical or financial buildings and other real estate properties acceptable to the Board of Directors. Members of this category are automatically members of BOMA International. Membership expires Dec. 31, 2012. Associate Member: $900 Associate Members are representatives of supply, professional service and contracting businesses allied with the commercial real estate industry. Please note, membership is limited to a ratio of 51 percent principal members and 49 percent associates. 10 I BOMA STANDARD FALL 2011
Premier Associate Member: $1,605 Allows two from the same vendor company to join BOMA Utah and participate in all activities. Second member is not reported to BOMA International. Support Member: $450 Support membership will be open to an individual employed by a commercial real Estate firm or owner, to include administrative assistants, receptionists, secretaries, bookkeepers, leasing agents and building engineers. The support member must not have management responsibilities and will have the endorsement of the member company’s principal member to participate on committees, projects and attend events. Individual may attend all luncheons, which includes The Office Building of the Year (TOBY) Awards banquet as well as the Christmas Social Luncheon, at no additional cost. Additional restrictions and benefits will apply Student Member: $90 To be considered a student member, the individual must be a full-time student, currently and continuously enrolled in at least nine credit hours pursuing a real estate-related degree at an accredited university (physical campus or online), must have a valid student ID and not currently employed on a fulltime basis within the real estate industry. Exception is made for those employed in a real-estate related internship. Membership entitles the student to attend three luncheons at no additional cost. Other restrictions and benefits will apply.
Associate Renewal Requirements Associates, are you on track to renew for 2012? In an effort to assist our associate members to get active, participate and build relationships, the Board of Directors established a renewal criteria policy for our associate members beginning 2011. Each associate member must meet three out of the six criteria to be eligible to renew membership. 1. Personally attend at least 50 percent of the BOMA sponsored events, including the golf tournament, luncheons and Vendor Tradeshow. 2. Provide a cumulative $150 financial sponsorship to BOMA activities to include the golf tournament, TOBY, luncheon sponsorships and eNews. 3. Volunteer at least 10 hours on committees or projects. 4. Bring three non-member property/facility/assistant managers to BOMA functions.
BOMA Utah family. We will be sending out dues renewals in October. If you are not sure if you’re on track to renew, please call the BOMA Office at 801.710.2590.
New Members We’d like to welcome the newest members to the BOMA Utah family. These members joined between June 8 and Aug. 23, 2011. Stephanie Adams Lincoln Harris CSG Gary H. Bullock Millrock Management Lynn Chambers Alpine Art Jordan Funk KONE Elevators Peter Hanlon Commerce Real Estate Solutions Adam Hoge Upturn Solutions
5. Purchase a booth at the Vendor Tradeshow.
John Root US Bank
6. Initiate the membership of a principal member.
Brian Sedgwick CB Richard Ellis
We will begin auditing each associate's database verifying eligibility for renewal. Associate members who are not on track for renewal will receive an email from the BOMA Office. Remember, BOMA is a marathon, not a sprint. It takes time to build up a customer base, and the only way to do that is to truly be a part of the
Jack Vicory JohnsManville/RSG If you’re not part of this dynamic organization, you should be asking yourself, “What am I waiting for?” You’re missing out on fantastic networking opportunities, events and education. Call today for more information, 801.710.2590.
FALL 2011 BOMA STANDARD I 11
Member Spotlight Gary L. Coker Managing Director of Investment Properties, Brokerage Services and Asset Services at CB Richard Ellis
For the past three years, I have been the managing director of Asset Services and just recently assumed responsibility for our Brokerage Services and Investment Properties groups. In my role as managing director of Asset Services, I oversee the delivery of our property management services on more than 45 buildings totaling nearly 8.5 million square feet along the Wasatch Front. What are some of the properties that you manage? Some of our managed properties include 257 Tower, Parkside Tower, 136 E. South Temple, SouthTowne Corporate Center, Legacy at Lake Park, Ninigret Office Park, Crossroads Corporate Center, Western Commerce Center, Westlakes Business Center and Parkway Village. Why do you enjoy what you do? First and foremost, I enjoy the opportunity to work with a group of truly dedicated and exceptional asset services employees. We have 34 professionals currently delivering both management and engineering services to our managed portfolio. Each and every one of them is focused on delivering best of class services to their clients and tenants.
What was your first job? Helping my older brother with his hay hauling business when I was 12. He paid me 4 cents/hay bale to drive the hay truck and “kick off ” to him (throw the bales from the truck to him for stacking in the barn). I eventually started my own hay hauling business, which allowed me to earn enough money during the summers that I didn’t need to work during the school year. Tell us about the company you work for now. What is your title and what are your responsibilities? CB Richard Ellis is the world’s largest full-service commercial real estate company. Our philosophy is to “put the client first always.” Our objective is to service clients, not to just close transactions. As such, we have developed a platform which allows us to partner with our clients for all of their real estate needs. This platform allows us to harness the collective expertise of our professionals, across our various service lines and geographic markets, in order to deliver superior results. 12 I BOMA STANDARD FALL 2011
What is your property management philosophy? It boils down to doing the basics very well. We strive to provide great customer service to our clients and tenants. In addition to implementing our client’s strategic plan for each property, we act as consultants to provide additional insight of how to improve the marketability and, ultimately, the value of each asset. How long have you been a member of BOMA? What positions have you held?
I have been a member of BOMA off and on since around 2000. I have only recently become active during the past couple of years as a board member. Why is BOMA important to you? I really appreciate my involvement with BOMA Utah for a couple of primary reasons. One, BOMA is always on the leading edge for new trends in our industry, and they are able to provide insight as to how those trends can benefit our clients. And two, I appreciate the ability to get to know and network with a group of like-minded professionals, both vendors or peers, who are committed to our industry. Tell us about your family. I have been married to Marie for 14 years. We have two beautiful daughters: Paige and Peyton, ages 12 and 10. What are your hobbies/ interests outside of work? I enjoy most anything outdoors. I enjoy hiking, flyfishing, camping, running and golf. My favorite is when I can combine a hike to a remote mountain lake or stream for some solitary fly fishing. Indoors, I love to follow Oklahoma State athletics. Go Pokes! What is your hope/concern for the commercial real estate market in 2011/2012? The economy has been very tough in general and especially tough to the commercial real estate industry. I am hopeful that we will see a real and sustained economic recovery that results in significant employment gains. Our real estate fundamentals will only truly improve once we can start filling our buildings again.
BOMA Budgets We realize many of you are in the middle of working on your 2012 budgets and will need to include expenses for BOMA's participation such as dues, events and sponsorships. To the best of our knowledge the following are the figures you should budget for 2012. Dues: Invoices will be emailed October 2011 and may be paid this year no later than Jan. 31, 2012. Dues include luncheons, TOBY Award banquet, Christmas luncheon and membership in BOMA Utah and BOMA International. Golf is not paid for from dues but from golf sponsorships. Members play for free, however must register to play. BOMA International's Board of Governors approved a 3 percent increase in dues for 2012. In addition, BOMA Utah's Board of Directors approved creating one category for principal and additional principal members. Dues per Year Principal Members: $850 Associate (Vendor) Members: $900 Premier Associate: $1,605 (Permits two from your company to join BOMA Utah and participate in all activities; second member is not reported to BOMA International) Support Members: $450 (Bookkeepers, secretaries, leasing agents, building maintenance/engineers) Special Members: $415 (Those located outside 100 mile radius of Salt Lake City) Student Members: $90 Region Dues The BOMA Utah Board of Directors has asked BOMA International to approve a region change from Pacific Southwest Region (California, Arizona, Hawaii and Nevada) to the Pacific Northwest Region (Idaho, Washington, Oregon, Montana and Alaska). The BOMA International Board of Governors will vote on this resolution at the Winter Business Meeting in January 2012. If approved, region dues of approximately $2.50 per member will be included in BOMA Utah's annual dues. Event Costs Luncheons: Members free; Guests of BOMA Members $35; NonMembers $45 TOBYs (February): Members free; Guests of BOMA Members $75; Non-Members $125 Golf (August or September): Members free; Guests of BOMA Members $125; Non-Members $175 Education (February, May and October): We are anticipating offering three BOMI RPA/FMA classes in 2012. Members $980; Non-Members $1,100. Effective Jan. 1, 2012, BOMI Institute will increase all classes by $25, however we are not increasing our fees to our members. In addition, we will offer various preparedness classes/seminars, including 12-Point Program for Business Continuity and Business CERT. Cost will vary from free to $125 per person. NOTE: It is our goal to offer Division of Real Estate CEU credit in both core and elective credits for all educational offerings and/or luncheon speakers for the year. BOMA International Conferences 2012: BOMA International hosts three conferences a year. The Winter Business Meeting will be held in Washington, D.C. in January. Registration is $595. Hotel is normally $275 a night. Airfare is approximately $500. Total: $2,000 The Medical Office Building will be in Atlanta, Ga, in May. Registration is $650. Hotel is $275 a night. Airfare is around $500. Total: $2,000
The Annual Conference will be held in Seattle, Wash., in June. Registration is $695. Hotel is around $275 a night. Airfare is $350. Total: $2,500 Sponsorship Costs BOMA Utah eNews: $50 per month. At least one email per month with your logo and link to your website. Available January through December. Distribution of more then 375 emails. Logo and description of company service due by the 15th of the prior month. Sponsor is encouraged to submit an article of interest to use in the eNews in their featured month. Sales for 2012 will begin after Oct. 1, 2011. Website Sponsor: $200 per month. Available 12 months, from January to December. Discounts available for multiple months. Logo and contact information with an enabled link to sponsors' website. Average monthly hits at 36,488. Listed as website sponsor on BOMA Utah's Facebook, Linked In and Twitter pages. Luncheon Sponsor: $300 per month. Available January, March, April, September, October and November. Table for marketing materials and signage at event where approximately 100 people attend. Logo will be added to the event Web page and on email notices. Two non-member representatives may attend at no charge. Given three minutes to speak at luncheon. Able to conduct door prize drawings at the end of the event and keep business cards from drawing. Sales for 2012 luncheons will begin after Oct. 1, 2011. TOBY Luncheon (February): Range from $750 to $4,000. Free guest attendance based on sponsorship level. Visionary
Sponsor permitted to speak at the luncheon. Sponsor signage on each table. Recognition in eNews. Logo will be added to the event Web page, the quarterly newsletter and the TOBY slide presentation. Priority seating based on sponsorship level. Sales going on now. Annual Golf Tournament (August or September): Range from $350 to $5,000. Free golfing based on sponsorship level. Signage at the tournament, logo on BOMA home page and event page and quarterly newsletter. Annual Vendor Tradeshow (May 2012): Exhibit tables for members are anticipated to range from $300 for an 8 x 8 booth to $1,250 for a double booth (10 x 20) and prime location. Approximately 200-plus attendees including building engineers and property/facility managers. Vendor will receive table for marketing materials and signage at event and is permitted to have two non-member guests attend at no charge. Sales will begin in January/February 2012. Quarterly Newsletter Sponsorships: BOMA Utah has partnered with Utah Facilities Magazine for our quarterly newsletter. It has a distribution of approximately 3,500. BOMA Utah members receive a 10 percent discount on advertising. Please contact Travis Barrington at 801.520.8293 for further information. We are pleased to offer affordable rates thanks in huge part to our associates (vendors) who sponsor our events and help us offset the costs. Remember to use BOMA vendor members when conducting business. It's a great way to show your appreciation for all of their BOMA support.
Update your Profile How long has it been since you updated your information on the BOMA Utah website? Is it current? Please go to www.BOMAUtah.org. Log in and review your contact information. It only takes a few minutes. FALL 2011 BOMA STANDARD I 13
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