Real Estate Issues

Trade publication covering the real estate industry.

Articles from Vol. 24, No. 4, Winter

Commercial Real Estate - Global or Local?
INTRODUCTION Commercial real estate has traditionally been considered a local business, based upon locational characteristics and intimate knowledge of tenant needs. Trans-national real estate investment in the decade of the 1980s coupled with globalization...
Counseling in the Public Sector: The Pepsi Center
In July 1994, Mayor Wellington Webb appointed a Sports Facility Task Force and the co-chairmen were Dan Muse, city attorney, and me. I do not know why I was picked, unless it was because of my involvement with the Downtown Denver Partnership that had...
Defending an Oil Company against Litigation for Environmental Contamination (a Case Study)
The purpose of this case study is to demonstrate real estate consulting issues involved in the defense of a major oil company (OIL) that was sued by the owner of an adjacent neighborhood shopping center (NSC) for environmental damages. The NSC amended...
Editor's Statement
At the start of the Second Quarter of 2000, Y2K is a distant memory, the New Economy is roaring forward, the Fed continues its assault on stocks, and a commerce is firmly established as a way of conducting business. Terms like B2B and B2C have become...
Eminent Domain or Domination?
INTRODUCTION Eminent domain is a very powerful, and therefore, potentially dangerous thing. The legal concept of eminent domain is well established. The U.S. Constitution endorses the taking of private property for "public use;' with just compensation....
Focus on Hospitality: Moderating Profit Growth Expected until 2001
After a slow second-quarter performance, growth of the U.S. economy accelerated in the second half of 1999. Real gross domestic product (GDP) grew at an annual rate of 4.1 percent in 1999, fueled by increased inventory buildup and export activity as...
Focus on REITs: Public Real Estate Companies' Advantages Will Overpower the REIT Bear Market
The current REIT-related news centers on the day-to-day performance of REIT stocks, the excessive restrictions imposed by the REIT rules, methods for retaining and compensating REIT executives, and predictions for when the REIT bear market will end....
Focus on Research: Real Estate Value Cycles-Critical Knowledge for the 21st Century
As radical as the changes in the real estate market have been over the last 10 years, the timelessness of real estate remains intact. The real estate recession of the early '90s wreaked financial havoc on investments saddled with the enormous overbuilding...
Focus on the Economy: The End Isn't Near.But Repent Anyway!
Well, we have gotten through Y2K without needing to draw on all that bottled water and canned food. The survivalists have come back from the mountains. The confetti is cleaned up from Times Square. Airplanes didn't fall from the sky. At last report,...
How Brokers Can Counter the Risks of Disintermediation by Embracing and Leveraging Technology Trends
Over the past few years many self-styled futurists have been fervently predicting that the Internet's ability to enhance communications between the principals in a commercial real estate transaction will lead directly to widespread "disintermediation"...
Strategic Portfolio Analysis: A New Approach
With increasing institutional investment in real estate, the issue of portfolio analysis approaches that take into account the idiosyncratic behavior of local real estate markets as well the idiosyncratic characteristics of specific properties is becoming...
The Effects of Electricity Market Deregulation on Local Property Tax Assessments & Fiscal Stability
INTRODUCTION: BACKGROUND TO THE ANALYSIS Federal Energy Policy Act of 1992 The 1992 Comprehensive National Energy Policy Act mandated restructuring the regulated electric utility industry in the United States to a competitive pricing environment. While...
The Impact of E-Commerce on Real Estate
A took at the forces changing the way America lives and works and the implications for the real estate industry "The world of the soft-the world of intangibles, of media, of software, and of services-will soon command the world of the hard-the world...