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Newsletter - May 16, 2017 - One of your largest expenses?
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Thank you to our may Newsletter Sponsor!
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Austin Energy Budget Tool – Ask the Pros! A hands on seminar.

Join us June 8th for a great lunch and hands on seminar! The second largest cost for commercial office buildings is its electric bill (taxes are the largest). Providing an accurate utility cost estimate is crucial in a property manager’s preparation of his annual budget and tenant operational cost estimate. Austin Energy has developed a budgeting tool that allows you to access your building’s previous 12-month billings and project the next 12-month utility cost utilizing current electric rates and fuel adjustment. The BOMA Sustainability Committee is offering a hands on seminar on how to use the Austin Energy utility budget estimating tool using each participant’s actual energy bills, presented by the developer of the program.

 

Michael Cation photoMichael Cation is a seasoned technology executive with 28 years of experience in growing technology companies: from initial concept to public markets. He is the Chairman and CEO of SmarteBuilding – a technology leading provider of real-time energy management services and systems. Previously he was the Founder & CEO of NovusEdge -- a provider of network based enterprise-class physical security solutions. Prior to that, he was the Co-Founder & CEO of Globeset which he grew from concept-stage to $22 million per year in revenue in the electronic payments market. Previously he was a Vice President of BT Ventures, a venture capital arm of Bankers Trust. Prior to that, he was one of three co-founders of Verity (NASDAQ: VRTY), a global market leader in information search and retrieval. He began his career as a research engineer at Advanced Decision Systems where he designed and managed the development of real-time distributed expert systems. He earned a BS in Computer Science from the Massachusetts Institute of Technology and an MBA from Stanford Graduate School of Business.

 

Prior to the seminar, participants should fill out Austin Energy enrollment forms to allow access to their billing information.

Additionally, Austin Energy will discuss energy efficiency rebates that are available for commercial office facilities.
Register Today

Thank you to our Austin Energy Seminar Sponsor!



Countdown to the Shoot Out!
shootout logoThe Golf Tournament is over, but now it is time to start thinking about the Shoot Out on October 19th! Sponsorships on sale now!
Sponsorship Opportunities

Your LOGO could be here! Title Sponsorship is available!



Get Ready for Transformative Change!
Change photoThis article by Christopher Lee, President and Chief Executive Officer of CEL & Associates, is eye opening about their challenges facing the future of the CRE Industry.
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White House and GOP Work to Create Unified Tax Plan
IRS graphicOver the last few weeks, President Trump released an outline of his vision for comprehensive tax reform. The brief, one-page document had Republican members of the U.S. House Committee on Ways and Means working overtime to reconcile it with their own tax plan, the House Republican Blueprint, in order to create a unified proposal.

The White House outline and the Blueprint share some similar goals, such as lowering the corporate rate, condensing the individual tax brackets and increasing the standard deduction in tandem with eliminating most itemized deductions. The plans vary in a few key ways, however: They do not agree on specific tax rates and how cuts will be paid for. The White House outline made no mention of certain topics of concern for commercial real estate, such as full expensing of capital investments, interest deductibility and 1031 “like-kind” exchanges. BOMA International’s advocacy team will continue to work with leaders on Capitol Hill to gain clarity on these important issues and to ensure lawmakers understand the economic importance of a healthy commercial real estate industry.


ECAD Reporting
A Message from Austin Energy:

The City of Austin’s Energy Conservation Audit and Disclosure ordinance requires commercial buildings within the Austin city limits that receive electricity from Austin Energy to calculate and submit an annual energy rating by June 1. The ordinance applies to commercial buildings 10,000 square feet or larger.

The building owner or the person who submitted ECAD data last year received a letter in mid-April explaining two the reporting options:
  1. Use the unique Building Owner Key Code in the letter associated with the buildings you own or manage. Go to the website to acknowledge the property information and energy use data for your building(s), calculated based on size and property type.

  2. For those wanting more detailed information, we encourage you to use the EPA’s Portfolio Manager tool. If you have not received information regarding the ECAD ordinance reporting process, please call 512-482-5346 or email us for assistance
If you have any questions, or if you would like to receive outage alerts regarding your facilities, please contact Murray Jones at Murray.Jones@austinenergy.com. We value your business and appreciate the opportunity to serve you.


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2/19/2019 » 2/20/2019
Texas BOMA: Advocacy Day

2/21/2019
Networking Luncheon: Politics to Property Taxes

Newest Members
Theresa J. SepulvedaStream Realty Partners – Austin, LP

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