This week's newsletter
brings you an update on building access legislation, including
some of the background for the current regulatory climate, the
issues currently before the FCC and how the FCC intends to address
them,
current market trends, and how they all affect commercial real
estate owners. In addition, we have outlined several
important issues to consider in terms of increasing rooftop
revenue and reviewing your rooftop management service. As
always, we welcome your comments and feedback...
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Darlene Pope, President
dpope@crepartners.com |
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Feature Article -
Building Access 2003
by Nelson Migdal and Eric Fishman
Holland & Knight
Telecommunications issues are back in
the news. Eight years ago, in the first major overhaul of
telecommunications law in 62 years, the U.S. Congress adopted the
Telecommunications Act of 1996, charging the Federal
Communications Commission with its enforcement. In its
implementation of the Act, however, the FCC has encountered
numerous hurdles and legal reverses. At the same time, it has had
to grapple with historic developments the downturn of the
economy and the aftermath of 9/11 which have had a profound
impact on its statutory mission.
The ongoing debate on the issue of so-called "forced access" the
prohibition against exclusive contracts between telecommunications
service providers (TSPs) and of commercial office buildings
(multi-tenant environments or MTEs) offers valuable insight into
the conflicting social and legal demands, which the FCC and other
regulators must recognize and reconcile as they discharge their
statutory mandate.
Access to MTEs, be they commercial or residential, still requires
the consent of the owner of that MTE, and any regulation that
addresses the access issue must preserve the interests of building
. At the same time, regulators must recognize how the events of
9/11 and the downturn of the economy and the telecommunications
sector in particular have altered the relationship between TSPs
and MTE (owners). For their part, both TSPs and MTE must
acknowledge and attempt to reconcile their conflicting, but
legitimate, commercial interests in the wake of 9/11 and
marketplace realities.
Regulatory initiatives by the FCC have affected, or may affect,
the relationship between owners and TSPs in six principal areas:
exclusive contracts; satellite dishes; in-building ducts; inside
wiring; bankruptcy; and homeland security...
(Link to Full
Article)
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About Our Sponsor:
Kastle Systems LLC.,
is the largest outsourced provider of office building security services,
which installs, operates and monitors electronic security systems serving
over 1,650 office buildings throughout the United States.
Kastle is the only security company
worldwide to offer Global Link, the unique capability integrating multiple, outsourced commercial
real estate services through a single database, accessible with a single card.
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Are You Maximizing Your Rooftop Revenue?
Historically, real estate
owners have found the ancillary income produced by their rooftops to
be very attractive, but they have often struggled to maximize
rooftop opportunities while simultaneously minimizing the long-term
impact on their normal business operations. In todays turbulent
telecommunications environment, owners are typically faced with
three challenges: 1) the development of new sources of ancillary
income,
2) ensuring that all technical and fiduciary obligations to the
owners are being met by the licensees, and
3) ensuring that the owners are able to fulfill any requirements by
telecommunication carriers for the installation and ongoing
operation of their systems. While developing new revenue is very
important, the long list of telecom bankruptcies, company mergers
and acquisitions, and the public accounting debacle that has been
unfolding over the last 18 months, have demonstrated that business
owners should closely evaluate the revenue stream being generated by
their rooftops:
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Are
the carriers paying for all the equipment that they have installed
on a site?
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Have any carriers expanded into new radio spectrum or do they
provide services that were not envisioned in the original
agreement?
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Is
the owner being paid correctly for electrical consumption?
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Is
the site management company paying all of the net rents due the
building owners in an accurate and timely manner?
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Are
the carriers in full compliance with the terms of their
agreements?
CRE Partners
currently represents over 20 million square feet of commercial and
retail space and 4000 residential units. We handle all
marketing, pricing, contract negotiations and preparations, review
of technical specifications, drawings and documentation, site walks
and final inspections. For
more information on CRE Partners' rooftop management and leasing
services, please call 703-444-5720 or
Contact Us via e-mail.
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In Our Next Issue...
coming August 19
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Web-Based Real Estate Applications
sponsored by Quickspace |
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Upcoming
Industry Events
Mark your calendars!
Commercial Property World 2003 Executive Summit, Sept.
14-16, Palm Beach Gardens, FL
Shorecliff's Broadband Wireless East, Sept 25-26, Baltimore, MD
http://www.scievents.com
CREW 2003 Annual Convention, October 15-18, 2003,
San Francisco http://www.crewnetwork.org
NAIOP Annual Conference and Marketplace, October 15-17,
Boston http://www.naiop.org
World Workplace 2003 Conference & Expo, October 19-21,
Dallas
www.worldworkplace.org
Tower Summit and Trade Show, October 28-29, Las Vegas, NV
http://www.scievents.com
BOMA
Winter Business Meeting, January 11-14, Tucson, AZ
http://wwwboma.org
IREM Commercial Real Estate 2004,
Feb 19-21, Tucson, AZ
http://www.irem.org
Please notify us at info@crepartners.com if you
have a relevant real estate or
telecommunications event you would
like to add to CRE Partners calendar of events.
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Copyright 2003 CRE Partners.
All rights reserved.
P.O. Box 651233, Sterling, VA, 20165 703-444-5720 www.crepartners.com |
