Reshoring in the Face of Geopolitical Risk
BOMA International
Building Owners and Managers Association (BOMA) International is the oldest CRE association in the U.S.
The trend toward reshoring and nearshoring has taken on added significance as global conflicts escalate. Indeed, the ongoing state of world affairs is having a direct impact on the supply chain, and delivery timelines are not the only potential victims. As Bloomberg reported recently, “Fears of escalation are growing as the Houthis have vowed to continue attacking vessels until Israel pulls out of Gaza.”Shippers are taking evasive action, but at the expense of delivery dates and customer costs. “The continued turmoil in the Middle East around the Suez Canal will force supply chain managers and container shipping companies to rethink theirstrategies,” says Atlanta-based Ben Harris of Cushman & Wakefield. Read more here!
The BOMA Foundation is proud to have provided over 125 scholarships that have been awarded to candidates of the J. Michael Coleman scholarship to attend BOMA International's Annual Conference. These scholarships provide opportunities to emerging and early career commercial real estate professionals that may not necessarily have the support from an employer or their own financial means to realize. You can help these efforts through the BOMA Foundation 2024 Silent Auction. Funds raised through this auction of items or experiences will go to the Foundation scholarship programs. It's a win-win! You get the item or experience you want for yourself, or as a gift, and an emerging professional or early career recipient benefits from the opportunities. Click Here for more.
BOMA International is excited to bring back Foundations of Real Estate Management? ("Foundations") virtual certificate program starting on May 29 and ending on June 27! This 10-day soup to nuts course covers the fundamentals of commercial real estate management and is ideal for emerging real estate managers or anyone seeking a more in depth understanding of the role of property/facility management and its impact on asset value. Participants will receive a comprehensive digital course manual that is easy to use and a valuable resource back on the job. View the curriculum. View the curriculum.
Who doesn't want to have fun while working? Join this webinar to learn and be amused as our industry experts share humorous experiences and real-world examples to lay the groundwork for understanding the overwhelming responsibilities placed on property managers, particularly in the context of ever-increasing demands and a changing workforce landscape. This webinar will explore the impacts of burnout on both individuals and organizations, addressing the broader challenges faced by property managers in maintaining a healthy work-life balance! In addition, participants will gain actionable insights to support their individual well-being while also having fun and contributing to the overall success of the CRE industry and achieving their individual professional goals. Register Here *Registered attendees for the BOMA 2024 International Conference & Expo may attend this webinar for FREE! Use the promo code BOMA2024 at check-out to take advantage of this opportunity!
The Home Depot has partnered with BOMA to save you time and money. Our free loyalty program gives you access to the supplies you need, competitive pricing, expanded assortment of products, convenient delivery options, and dedicated support. Sign up for a Pro Xtra membership to receive a 2% annual rebate on all qualifying pre-tax purchases. * Sign Up Here
The 2024 I/E IQ report is now open for submissions. Submit your 2023 data and get a free report! BOMA International has partnered with IREM and NAA to give you the most comprehensive benchmarking report available. Understanding property performance in context with the operator's market is critical to operational efficiency and proving the value of the property manager's efforts and returns for owners and investors. The I/E IQ platform delivers market intelligence to inform better business decisions. Submit Your Data Today!
BOMI - Building Owners and Managers Institute: March courses with your BOMA Local are just around the corner! Check out our comprehensive course schedule to find a BOMI course taking place near you: bit.ly/3UckVTc
Are You Ready to Elevate Your Knowledge and Network?
Whether you've been managing your properties for decades or days, you'll find the answers you need to stay competitive in today's fluctuating commercial real estate landscape at the BOMA International Conference & Expo. This is your chance to talk amenities and industry trends with your peers and discover the tools and insights to help you strategize for the future. Register Here
Join us at BOMA International, May 13-15, 2024, in sunny Orlando, Florida! We're thrilled to announce an incredible lineup of speakers for our healthcare real estate industry event. Don't miss Spencer Levy, Chief Client Strategist and Senior Economic Advisor at CBRE, sharing his expert insights on market trends and predictions. Plus, hear from Scott Becker, Founder of Beckers Healthcare, for an insider's perspective on the impact of healthcare developments. And catch the inspiring keynote from Super Bowl MVP-winning quarterback, Drew Brees, as he shares his wisdom on faith, family, and philanthropy. Register now for an unforgettable experience! Register Here
BOMA/Chicago and a coalition of associations and companies prevailed in a lawsuit against a manipulative attempt to dramatically increase real estate transfer taxes in Chicago. The Cook County Court ruled in favor of the plaintiffs who argued that the Transfer Tax Referendum question originally placed on the March 19, 2024, Primary Election ballot was misleading and unconstitutional. Read More Here
We are gratified in the judge’s ruling, which underscores the necessity of presenting policy questions to the public with fairness, detail, and transparency. This referendum would be a backdoor property tax on all Chicagoans, and it is important that our elected officials not mislead voters otherwise.”?
- Executive Director, Farzin Parang
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Local Buzz: Your Weekly BOMA Locals Update!
Shoutout to BOMA Jacksonville for hosting an incredible luncheon this month! From the inspiring speaker Donna Deegan for Mayor to the delicious food and unbeatable view from the 34th story River Club in downtown Jacksonville. Thank you for bringing our community together in such a fantastic way.
BOMA NEW YORK was Proud to support the future leaders of the CRE industry at the NYU Schack Institute of Real Estate Industry Career Fair! BOMA New York is committed to fostering growth and learning, because as John F. Kennedy said, 'Leadership and learning are indispensable to each other.
The Schack Institute at the NYU School of Professional Studies is at the forefront of real estate education and is recognized globally as one of the world’s leading centers of real estate research and pedagogy. Professors?Brian Schwagerl, Esq., MCR?and?Hillman Lam, event organizers, emphasized to students, "It's so important as real estate students to network and this is the best place to practice. They want you to succeed in this industry."
BOMA Greater Charlotte: Our President and COO Henry Chamberlain recently joined BOMA Great Charlotte for their first 2024 BOMACLT luncheon. With a fantastic turnout and plenty of new faces, they extended a warm welcome to all their new members.
BOMA Oakland/East Bay: BOMA OEB hosted the first Leadership Academy session for 2024. Joined by members of the Board, academy members learned about BOMA International, BOMA California and BOMA OEB. The value of creating connections in the industry and preparing for what the year has in store were hot topics. We look forward to facilitating their growth in the industry. Special thanks to Hannah Salazar (Metro Services Group) and Liz Marigold (Newmark) for leading the 2024 Academy.
BOMA Columbus Ohio: Last week, BOMA International's Director of State and Local Affairs, Ken Rosenfeld joined BOMA Columbus Ohio for their February monthly members luncheon, where nearly 100 real estate professionals gathered for an insightful session. Ken provided an overview of BOMA International's current advocacy priorities, spanning from federal legislation to policy whitepapers to sustainability programs. Additionally, he shed light on the latest state and local issues impacting commercial real estate nationwide. The meeting kicked off with a warm welcome to new members during a meet & greet orientation.
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