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May 20, 2009
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BOMA Medical Office; CoreNet Social Media
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Yesterday at two great events, we saw how real estate pros are always picking up new tricks, some as timeless as tax exemption techniques and others much more new age.
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In Naperville, BOMA's Medical Office Special Interest Group breakfast attracted Waveland Property Group's Jeff Clousing, Colliers Bennett & Kahnweiler's Ted McKenna, and Jones Lang LaSalle's Sean Reynolds. Ted says he's seen a lot more combining of medical groups to save money on real estate, even though many say the recession isn't hitting healthcare as hard as other property types.
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Thompson Coburn Fagel Haber's Patrick Cullerton says now isn't the best time to apply for tax-exempt status for a charitable hospital or medical office building because the definition of "charitable" is still being determined—witness a recent Champaign County ruling giving a hospital an exemption despite just .7% of its operating expenses going toward charitable work. (Would it be charitable to call that charitable?) Patrick advises his clients wait to apply, since they can get a refund on any taxes paid later.
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Hammes Co.'s Joe Daniel, BOMA's Patricia Schwarze, Illinois Hospital Association's Lori Contreras, and CBK's Ted McKenna stayed a little after to pose for Bisnow. Joe manages a few Illinois medical properties and says business is slowed but not stopped. He's also excited because his stepson, who he taught to play drums, is in a band that just got a gig at US Cellular Field. (Maybe they'll play a charity gig for the medical office industry.)
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Last night, CoreNet drew the forward thinkers to Workspring for a social media training session. Astek's Andy Swindler and Barkley Advisory Group's Larry Barkley flank The Alter Group's Renata Pasmanik. She's ahead of the curve, with new 15 minute podcasts featuring industry experts speaking on a wide variety of topics from law to development to finance. Andy suggested "Shorter than NPR" as the tagline. We could get behind that.
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Paul Muldoon, Northern Trust's James Taylor, Leopardo's Dan Ulbricht, and Kaplan's Scott Openlander. James was at this event just for fun; he's retiring, and, with his wife, building a house on a plot of land they own in Virginia. That's not enough for us to declare the residential market is back, but it's a start.
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Brownfield Management Associate's Adam Meek, Bliss PR's Margy Sweeney, and the Harding Group's Gary Pines opened last night's session with short takeaways on social media. Margy's point: stay authentic. She'll never misrepresent herself in terms of business expertise or social media knowledge. Tweet smart, everyone!
Know something we don't? Send it to Maureen@bisnow.com.
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This newsletter is a journalistic news source which accepts no payment for featured interviews. It is supported by conventional advertisers clearly identified in the right hand column. You have been selected to receive it either through prior contact or professional association. If you have received it in error, please accept our apologies and unsubscribe at bottom of the newsletter. © 2009, Bisnow on Business, Inc., 1323 Connecticut Avenue, NW Washington, DC 20036. All rights reserved.
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