Real Estate Issues articles from December 2004

Real Estate Issues archives from December 2004

Editor's statement.(Editorial)
December 22, 2004... IN OUR PREVIOUS ISSUE, we mused about the possibility of using a variety of opportunities for readers of Real Estate Issues to interact with us, with the objective of probing more deeply the topics raised by our authors and tapping into the...

Damage to market value and locational premiums.
December 22, 2004... INTRODUCTION IN THE REAL ESTATE LITERATURE OF THE PAST DECADE or so confusion has arisen between the concepts of a damage to the market value of a property and a locational premium. Many articles discuss the influence of some alleged...

Detecting intangible asset value (or capitalized economic profit) in sales to REITs: a practical framework for analysis.(real estate investment trusts)
December 22, 2004... "To begin with there is no such thing as 'value,' except in the eyes of the beholder. And one must understand where the beholder is coming from." (1)--Bertram Lewis, "Do Syndicators Overpay," The Appraisal Journal, April...

Converting tax incentives into profitable historic rehabilitation projects.
December 22, 2004... SINCE 1976, RESOURCEFUL DEVELOPERS HAVE taken advantage of significant tax incentives to rehabilitate historic properties into profitable development projects. Such incentives have sparked renewed interest in reviving forgotten local landmarks...

Counseling under conditions of uncertainty: probability Analysis in real estate practice.
December 22, 2004... PLACE YOURSELF IN THIS POSITION. You are asked to counsel a client on a piece of vacant land currently zoned single-family residential, with all common municipal utilities, located on a paved two-way street. This site is also a corner location...

Focus on global issues: a wave of relief.(INSIDER'S PERSPECTIVE)(Column)
December 22, 2004... AS THE NEWS OF THE TSUNAMI STARTED TO COME IN, on the day after Christmas, I began to realise there was a situation unfolding that was potentially without precedent. The initial death toll gave way to ever more horrifying numbers of lives lost,...

Focus on the economy: a potpourri of economic issues impacting real estate and the rest of the world.(INSIDER'S PERSPECTIVE)
December 22, 2004... I. INTRODUCTION THIS TIME OF THE YEAR, INTO THE FAST START of the first quarter of 2005, we are flooded with a potpourri of interacting economic, cultural, political and social issues. Many of these issues are a "parry-and-thrust"...

Focus on markets: of "boomers" and "bubbles".(INSIDER'S PERSPECTIVE)
December 22, 2004... THE CURRENT U.S. ECONOMY SHOULDN'T be appealing to real estate investors. After slow second and third quarters, economic growth projections were downgraded for the fourth quarter of the year and into 2005. The stock market is sluggish. Consumer...

Focus on global issues: urban institute local government reform project: Croatia.(INSIDER'S PERSPECTIVE)
December 22, 2004... IN MID 2001, I WAS ASKED TO ASSIST THE URBAN INSTITUTE with a technical assistance assignment in Croatia. The Urban Institute, a nonprofit policy research organization, has contracted with USAID to conduct the Local Government Reform Project...

The Universal Hunger for Liberty: Why the Clash of Civilizations Is Not Inevitable.(RECOMMENDED READING)(Book Review)
December 22, 2004... The Universal Hunger for Liberty: Why the Clash of Civilizations Is Not Inevitable by Michael Novak (2004, 281 pages) This is an essentially hopeful book, from both an intellectual and a spiritual point of view, at a time when we need...