Real Estate Issues articles from December 2000

Real Estate Issues archives from December 2000

EDITOR'S STATEMENT.(Brief Article)(Editorial)
December 22, 2000... Richard Marchitelli At this writing, it is mid-January. We have a new President; corporate earnings reports continue to disappoint; the Fed has reversed itself on rates; economists are beginning to speak in terms of a "landing"; Bradlees,...

RECOGNIZING FORMER EDITORS IN CHIEF.
December 22, 2000... As any developing organism or institution, Real Estate Issues has grown and improved over its first 25 years of existence. Sometimes, however, the growth has been slow and the improvements have come sporadically. But inexorably, progress has...

THE RESURGENCE OF NUCLEAR POWER IN THE U.S.
December 22, 2000... In a recent article in Real Estate Issues, [1] the authors reviewed the likely impacts of deregulation in the electricity generating industry on real property tax assessments, tax revenues and budgets in local "host" communities (counties,...

SECTION 1031 - TAX DEFERRED EXCHANGES: 'REAL ESTATE'S BEST-KEPT SECRET FOR TAX RELIEF'.(Brief Article)
December 22, 2000... One of the least understood tax relief provisions of the Internal Revenue Code (IRC) is the tax-deferred exchange under Section 1031 of the IRC. Although the tax shelter days are basically gone for real estate investors, and the passive loss...

HOW TO VALUE COMMERCIAL IMPROVEMENTS IN A NATIONAL PARK.(Brief Article)
December 22, 2000... Recently, we were engaged by the National Park Service (NPS) to appraise the structures and other improvements that have been constructed by commercial vendors or "concessionaires" operating hotels, restaurants, and other hospitality services...

PROPERTY LEVEL PERFORMANCE MEASUREMENT: THE KEY TO UNDERSTANDING IMPLICIT FINANCIAL ATTRIBUTES.(Brief Article)
December 22, 2000... INTRODUCTION The warning signs of a pending economic, financial, and real estate slowdown are clearly evident in almost every piece of news and information that we touched in the final quarter of 2000. The automobile industry idled...

BUILDING A REAL ESTATE BUSINESS BASED ON CORE COMPETENCIES.(Brief Article)
December 22, 2000... It is no secret that the real estate industry has undergone dramatic changes, and is likely to continue changing. Rapid consolidation within the industry, an evolution in occupants' real estate needs, and many other factors are catalyzing the...

LOGISTICS & THE RISE OF AEROTROPOLIS.(Brief Article)
December 22, 2000... More than a decade ago, futurist Alvin Toffler predicted that by the beginning of the 21st century one indisputable law would determine competitive success: survival of the fastest. [1] In Toffler's view, producing high-quality goods at...

TAKING THE STRESS OUT OF DISTRESSED PROPERTY.(Brief Article)
December 22, 2000... After a decade of solid performance for the real estate market, REIT investment and other commercial real estate opportunities are greater than ever. Retail sales at shopping centers increased by $109 billion in 1999, up 7.6 percent over the...

ELEMENTS OF CHANGE, STABILITY & UNCERTAINTY IN THE RETAIL REAL ESTATE MARKET.(Brief Article)
December 22, 2000... The threat of on-line shopping has been an unsettling factor in the retail real estate market for some time now. [1] While the recent problems of many "pure-play dot.com e-tailers" (e.g., Priceline.com) may raise questions about just how...

FOCUS ON THE ECONOMY.(Brief Article)
December 22, 2000... READING THE TEA LEAVES One of my high school English teachers gave our class what many considered an insulting assignment. We were to report on a text called How to Read a Book, by Charles Van Doren. With all the confidence of presumptuous...

FOCUS ON REITS.(Brief Article)
December 22, 2000... CRITICISM OF REITs GOES TOO FAR -- SELLING OUT OR MERGING ISN'T ALWAYS BEST FOR SHAREHOLDERS One of the latest fashions in the popular REIT press is to bash indiscriminately the management and directors of REITs that seek to remain...

FOCUS ON HOSPITALITY ISSUES.(Brief Article)
December 22, 2000... U.S. LODGING INDUSTRY UPDATE 2001-02 According to Smith Travel Research (STR), U.S. lodging industry RevPAR (revenue per available room) grew between 4 and 6 percent for 2000. PricewaterhouseCoopers' (PwC) forecast was 5.5 percent. This...

REAL ESTATE DAMAGES: AN ANALYSIS OF DETRIMENTAL CONDITIONS & BROWNFIELDS: REDEVELOPING ENVIRONMENTALLY DISTRESSED PROPERTIES.(Brief Article)(Review)
December 22, 2000... hese two books provide entirely different treatment of similar subjects. Their titles offer clues to what they are about. Bell's book is principally on estimating damages caused by a wide variety of detrimental conditions. It is primarily...

ABOUT THE COUNSELORS OF REAL ESTATE[TM].
December 22, 2000... The Counselors of Real Estate, established in 1953, is an international group of high profile professionals including members of prominent real estate, financial, legal and accounting firms as well as leaders of government and academia who...