Welcome to this month's edition of the BOMA eNewsletter. In this edition, you'll read important news you can use, find out what's upcoming with networking events and education and so much more. Stay connected with your BOMA community and keep scrolling for more!
This month's advocacy update features two articles that could impact your business.
BOMA Members Advocating for Our Industry: A Recap of Recent Success in Olympia
BOMA is the voice of commercial real estate on the issues that matter to the ownership of commercial real estate. BOMA’s key state legislative issue for 2020 is to seek legislative approval for C-PACER financing in Washington State. C-PACER financing is a tool that owners can use to make deeper energy retrofits and seismic upgrades that they otherwise might not have the capital to do. Click here to read more.
BOMA 2020 Office Market Study
The commercial real estate industry is a significant driver of the nation's economic engine and is also one of the foremost employers in the United States. According to the BOMA 2020 Office Market Study, the office sector is a significant engine of growth both in local and state economies and around the U.S. Considering the contribution of large buildings owned and operated in the state:
Contributed $3.3 billion to the state economy
Generated $1 billion in salaries and income
Created 22,200 local jobs
Represent 161 million square feet of office space
BOMA's educational programming has something for you. Our upcoming schedule has courses to help you reach your designation goal, seminars to keep you informed about the latest in our industry, and free lunch and learns to keep you learning while on your lunch hour.
BOMI Course: Real Estate Investment & Finance Begins May 7th
Through this course you will learn to take charge of real estate investments in order to maximize the value of a property. You will develop knowledge about basic financial concepts as they relate to real estate, including valuation, analysis, taxation, depreciation, and life-cycle costing. Similarly, you will learn to evaluate real estate investments and to develop budgets that estimate net operating income. You will study the income capitalization approach and cover property taxation costs and strategies to offset these costs. You will also 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.Click here for more information and to register.
Lunch and Learns - Free for BOMA Members
Power Hours are free educational opportunities for our members that occur once a month during the lunch hour and usually take place at the BOMA office. They present important topics that can impact our members and their business and gives quick and helpful information. They are not a sales pitch or a commercial but more of an opportunity to give information that is relevant and helpful to the target audience: property managers, engineers and sometimes other vendors.
2020 is packed with networking events you don't want to miss! Below are what's upcoming.
March 23rd - General Meeting: Your Membership Dollars at Work - A Government & Industry Affairs Update
BOMA is fighting for the issues that matter to the ownership of commercial real estate. Find out the value that BOMA has brought to you and your owners through our advocacy successes at the Federal, State and Local levels. Come learn about many issues, but especially one that will allow you to gain access to millions of dollars to do deep energy retrofits as well as seismic upgrades without impacting your balance sheet. Learn how you can gain access to millions of dollars at market or below market interest rates for loan terms longer than 30 years. This BOMA sponsored legislation is called C-PACER financing. Register today.
May 5th - Women in Action: The Career Boost
Our fourth annual Women in Action Event is taking place on May 5th and features Keynote Speaker, Beth Halvorsen. Join us for networking, drinks and appetizers and learn about how to boost your career by taking control, taking action and making practical progress! Click here for more information and to register.
The Member News & Resources section will keep you updated on everything that's going on in your BOMA Community. It also has important links on how you can help support, grow and enhance our business.
COVID 19 - Coronavirus Information to BOMA Members
BOMA is in development of a 2-2.5 hour seminar in Seattle within the next few weeks. Click here to read the full article.
BOMA sent members a three-question survey on February, 26, 2020. Please take a couple minutes to respond to the survey as it will aid us in the development of the seminar. This survey will remain open until March 6th. The survey can be taken multiple times, in case you have any additional feedback after filling it out.
Coronavirus: Resources and Links to Help Prepare Your Tenants and Your Buildings As of February 7, 2020, there are 31,532 confirmed coronavirus infections and 638 deaths. There are currently 12 reported cases in the United States from individuals who recently traveled to Wuhan. Symptoms include fever, cough and shortness of breath and may appear in as few as two days or as long as 14 days after exposure. The immediate health risk of contracting the virus in the United States is considered low at this time. Click here for links to documents and other resources to help you prepare your tenants and your buildings.
BOMA at the UW Career Fair: An Update and How You Can Benefit
On February 13, 2020, BOMA attended the Winter Career Fair at the UW Main Campus with the goal to increase awareness of the commercial real estate industry.We connected with hundreds of students and were able to introduce many of them to an industry that they had never heard of or even considered as a career path. Those who were most interested signed up to receive additional information. We plan to invite these students to a follow up event where they can meet with BOMA member companies that have open positions. We will be reaching out shortly with specific details about this event and how your company can participate. Read more.
Print Page
Email to a Friend
