Who Sends Flowers?

We send flowers to those who have had an impact on us.  We send flowers to those we care about.  They often symbolize momentous occasions, life’s milestones: graduations, anniversaries, holidays, births and deaths.  We give flowers to the most important people in our lives.  What is the meaning of gifting flowers among business partners? — It means same thing.  Those who serve us and make our lives easier, selflessly go the extra mile on our behalf, we ask ourselves “what would we do without them?”.  While assisting a local medical…

Managing Seasonal Illness Through Facilities Management

Submitted by P. Barry As a facilities manager, protecting the interests of the client is in the job description; health obviously being one of these interests. With winter fast-approaching, a threat to health in the form of seasonal illness is on the horizon. Of particular virulence, and therefore concern, is the Norovirus – a virus responsible for the vast majority of nonbacterial gastroenteritis cases in the U.S. each year. This highly contagious virus is transmitted through contaminated food and water, the air, surfaces, and person-to-person contact, making outbreaks all too…

Annual Operating Budget Critical to Successful Property Management

Submitted by S. Leonhard Sometimes referred to as an Asset Management Plan, a well prepared annual operating budget should include a narrative executive summary,  a summary operating statement and a detailed operating statement supported by clearly documented assumption notes and explanations. The executive summary should briefly describe the current status of the property, outline the goals and objectives for the budget period, describe the strategy contemplated to achieve the stated goals and objectives and conclude with a description of the expected status of the property at the end of the…

Medical Office Space – A Changing Landscape

Submitted by P. Barry Success in business is contingent on adapting to a changing environment. The Affordable Healthcare Act is one such instance of this, where Healthcare providers and their affiliates are presented an opportunity to capitalize on an expanding industry. To do so, however, requires understanding the implications and nuances of the legislation. CoStar, a leading real estate source specializing in commercial listings and analysis, has reported a noticeable decline in medical office space vacancy over the course of the past year. This is undoubtedly a response to an…