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Commercial Property Management leasing agents in New Zealand are required to have a real estate agents licence and operate an audited trust bank account. Commercial leases are covered by the Property Law Act 1952. Residential property management in New Zealand is an unlicensed and unregulated industry.
A property manager or estate manager is a person or firm charged with operating a real estate property for a fee. The property may be individual title owned or owned under the sectional title, share block company owned, and may be registered for residential, commercial office, and retail or industrial use.
In 2003, JMB Realty bought the First City Tower and a 10-story parking garage, which houses the Houston Club, for an amount reported by the Houston Business Journal as $114 million. [7] As of 2003, the largest tenant is Vinson & Elkins, which by that year had renewed its lease until 2020. [7]
Greystar acquired the property management arm of Alliance Residential Co. in June 2020, [13] and in October 2020, Greystar acquired 45% of Thackeray Partners. [14] That December, Greystar partnered with Walker & Dunlop and Project Destined to create a paid internship program for students from diverse backgrounds in Durham, North Carolina. [15]
Between 1957 and 1967, the firm developed approximately 69 new office or warehouse buildings, along with retail and residential projects. [6] The company's first large-scale commercial development came in 1967 when Shell Oil Company hired Hines to construct a new downtown Houston headquarters. [6] The project, One Shell Plaza, would open in ...
Once a lease is in place, lease administrators continue to manage and monitor rental payments, coordinate any tenant alterations, and handle lease amendments when necessary. Depending on a corporation's departmental structure, lease administration or lease management can make up just one department under the umbrella of a corporations real ...
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