Real Estate Issues articles from December 2001

Real Estate Issues archives from December 2001

About the Counselors of Real Estate[TM].(Brief Article)
December 22, 2001... 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...

Editor's statement.
December 22, 2001... by Richard Marchitelli, CRE The Editorial Board of Real Estate Issues has made a special effort to reflect the diversity of interests of CRE members and REI subscribers by encouraging both authorship and publication of manuscripts on a wide...

New rules of engagement for workouts: REMICs & distressed real estate loans.
December 22, 2001... THE CMBS MARKET IS HUGE... AND LARGELY A MYSTERY The CMBS (Collateralized Mortgage Backed Securities) market has fundamentally changed the landscape in the United States for commercial real estate finance--the legal structure, ownership,...

Legal considerations for those holding or assembling a portfolio of commercial real estate.
December 22, 2001... Conventional financial wisdom suggests that a portfolio of investments can diversify, and thereby reduce, overall risk. Attractive financing arrangements, increased leverage, and other economies of scale can make assembling a portfolio of...

The road to recovery: a look at the lodging industry, post-September 11.(Industry Overview)(Statistical Data Included)
December 22, 2001... The hospitality industry's ability to reclaim some semblance of normalcy after the events of September 2001 is compounded by the travel industry suffering through the worst short-term prospects since the Persian Gulf War. The U.S. lodging...

The bank merger environment & its effect on commercial & industrial real estate markets.
December 22, 2001... The advent of a substantial number of intrastate and interstate bank mergers and acquisitions has led to a large volume of research that has questioned the potential economic and political implications of these events...

Healthy walkways: a guide for premises liability.(Industry Overview)
December 22, 2001... THE ONCE AND FUTURE SIDEWALK For years, Americans have been walking less and less. Pedestrian journeys have gotten fewer and shorter. A recent report on pedestrian safety says Americans take 42 percent fewer trips by foot than they did...

Protecting buildings from bio-terrorism.
December 22, 2001... BIOLOGICAL ATTACKS ON BUILDINGS Unlike an explosion or a tornado, a terrorist attack using biological weapons could be invisible and silent, and thus would be difficult to detect at first. As we learned with the recent postal anthrax...

The effect of the Economic Growth & Tax Relief Reconciliation Act of 2001 on real estate investors.
December 22, 2001... INTRODUCTION If real estate investors are to maximize after-tax profits and maintain appropriate levels of capital investment, they must have a working knowledge of the latest legislative changes enacted by the United States Congress that...

Beyond the basics: How to deal with troubled loans on special purpose real estate assets with operating businesses.
December 22, 2001... Hotels, Casinos, Entertainment Parks, Senior Living Facilities, Franchised Gasoline Stations, Convenience Stores & Restaurants THE PIPELINE BEGINS TO FILL After unprecedented years of economic expansion, our teetering economy was...

Real estate industry consortiums--national or local--who will succeed?
December 22, 2001... The commercial real estate market has been revamping the way it does business in the last two years, through the introduction of the Internet and Web-based applications. Increasingly more commercial real estate organizations are realizing the...

Dante's vision: a guide for modern business leadership. (CRE Perspective).
December 22, 2001... Bowen H. "Buzz" McCoy, CRE INTRODUCTION Recently, I have been teaching Dante's Divine Comedy as an adult education class in my local church. As I have immersed myself in the thoughts of this great 13th century poet, it has occurred to...

Diagnostics yield prescription for recovery. (Focus on the Economy).
December 22, 2001... Diagnosis and prescription are distinct operations in economics as in medicine. But they had better be well related, or the patient may be in for a rough time. The economy, like the human body, has marvelous natural recuperative powers....

Commercial real estate 2002: After the fall. (Focus on Investment Conditions).
December 22, 2001... Investor psychology most certainly underwent a dramatic shift during 2001. The industry went from believing that the commercial real estate markets had exercised so much discipline that it would escape the dot-com and stock market demise, to...

When hotel revenues dive, what happens to NOIs & property prices? (Focus on Hospitality Issues).(net operating income)(Industry Overview)(Statistical Data Included)
December 22, 2001... John "Jack" B. Corgel Each week, the hotel industry anxiously awaits the release of the Smith Travel Research room revenue numbers for thousands of U.S. properties. Interest in these reports reached new highs during recent months as the...

Preliminary reflections inspired by the terrorist attack. (Focus on Legal Issues).
December 22, 2001... Edwin "Brick" Howe Jr. If you haven't already read the fall edition of Real Estate Issues, please be sure to do so as soon as you have finished the present column. The fall edition contains, among other things, a compendium of columns...

A Practical Guide to Real Estate Practice. (Resource Review).
December 22, 2001... by Joshua Stein ALI-ABA, (c) 2001 American Law Institute--American Bar Association Committee on Continuing Professional Education 320 pages You'll laugh, you'll cry. This book is "The Perfect Storm" of real estate law...