The “Growth” of Mold

The issue of mold growing inside our homes and buildings is fast approaching the concerns we had with asbestos in the early to mid 70’s. Property management professionals and home owners alike need to increase their awareness of the hazards of mold and know how to deal with it in a safe manner so as to not sacrifice the integrity of the building structure or the health of its occupants. We must be able to identify mold, seek professional testing, understand the correct way to remediate it and then take…

Virtual Audits Help Identify Opportunities for Energy Efficiency

Over the last several years, energy auditing startups have analyzed billions of square feet of commercial building energy usage analytics.  These metrics create highly useful data to learn how energy use can (potentially) be minimized.  These virtual audits can be part of a viability study to determine if energy efficiency measures should be examined.  The virtual studies are by no means a benchmark, but rather, a guide as to what may be possible to attain in energy savings within a facility. Often, smart energy solutions are quicker and easier to…

Court Appointed Real Estate Receiverships

A variety of circumstances may lead to the appointment of a Court Appointed Receiver to administer the affairs of a property. It is not unusual that the real estate is “distressed” in regards to one or more issues: vacancies, deferred maintenance, code violations, rent delinquencies, etc. These issues demand responsive, experienced and competent management so that the Receiver, as a fiduciary officer of the Court, meets his or her responsibilities as outlined in the Order of Appointment and as required under related governing regulations. Simply stated, the Receiver is charged…

Urban Homesteading

Recently, The Wall Street Journal ran an interesting piece in the opinion section that got me thinking about the reuse of vacant center city property. The article focused on the repopulation of hollowed out, long vacant residential city neighborhoods in Detroit. The problems facing Detroit’s dramatically declining population and subsequent abandonment of older housing stock has forced the city and state governments to address the issue from outside the box. About one-third of Detroit’s 139 square miles lies vacant and about 78,000 buildings have been abandoned!! As Detroit’s population disappeared,…