Real Estate Issues

Trade publication covering the real estate industry.

Articles from Vol. 35, No. 2, Summer

A Corporate Guide to Implementing a Sustainable Real Estate Program
INTRODUCTION Sustainability is no longer thought of as a passing fad but rather a business imperative across the globe. As a result of changing energy prices, anticipated carbon regulation, stricter future building codes, cost containment, limited...
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After the Recession: Florida, Nevada, Arizona, and the Next 5,000 Days
TO DATE, WHAT HAS BEEN WRITTEN ABOUT THE REAL ESTATE industry and its association with the current recession has centered primarily on the flow of capital and its impact on yields, lending practices and the valuation of real estate. (1), (2), (3),...
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Are Condos Securities? How to Determine When You Have a Security
INTRODUCTION CONDOMINIUM HOTELS, CONVERTED HOTEL/APARTMENT condos, resort condos, and even exclusive-occupancy luxury passenger ships are some of the ventures attracting real estate investors today. At the outset, it is necessary to distinguish...
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CRE Global Outreach: The Kenyan Student Exchange Program
INTRODUCTION THE COUNSELORS OF REAL ESTATE (CRE) has established a small-scale student exchange program in one of the last emerging global markets: Africa. Funded by The CRE Foundation (formerly known as the James E. Gibbons Educational Development...
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Editor's Note
SUMMERTIME, AROUND THESE PARTS, IS A VERY BUSY SEASON, far from the lazy, hazy days in town. Our neighbor, Kenny, who is the grandson of the man who originally laid out his homestead here, continues to tend to his horses and cattle and to mow the fields...
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Ethics versus Compliance
RECENT ARTICLES in The Wall Street Journal reported a renewed emphasis on ethics on the part of the newly appointed dean at Harvard Business School. The finance-caused current recession has raised issues of" fraud and corruption in several sectors...
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Reconsidering the Definition of Highest and Best Use: The Case for a Post-Disaster Highest and Best Use
INTRODUCTION A NATURAL DISASTER CAN CREATE A TERRIBLE TOLL Of human misery from the loss of possessions, records and traces of identity, employment and, worse, human life. The job of picking up the pieces in the aftermath to create a habitable environment...
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Residential Energy Efficiency: A Model Methodology for Determining Performance Outcomes
INTRODUCTION THE CURRENT CLIMATE OF OPINION IN BOTH THE RESIDENTIAL and commercial sectors for new and existing building stock gives a prominent role to energy efficiency as a policy tool. Executive and legislative branches of government at both...
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Supply Constrained Markets
CONSTRAINTS ON NEW SUPPLY in a given market reduce an owner's competition for tenants, which typically leads to higher occupancy, higher rent levels and faster rent growth. Supply constraints can stem from several sources and vary across both markets...
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The Valuation of Mortgage Security by Italian Banks
INTRODUCTION THIS ARTICLE DESCRIBES A RESEARCH/CONSULTING PROJECT conducted in 2008-09 on the residential mortgage lending process in Italian banks. The focus is on the methods and the procedures implemented by Italian banks in valuing real estate...
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Valuing Tax-Exempt Real Estate Bonds
INTRODUCTION IN TODAY'S CONSTRAINED LENDING ENVIRONMENT, tax-exempt real estate bonds are an important apartment financing option because of their low "all-in" costs (interest rates), extended maturity terms and potential assumption features. These...
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