Real Estate Issues articles from December 2006

Real Estate Issues archives from December 2006

Editor's statement.(Editorial)
December 22, 2006... IN MY ROOKIE YEAR, now more than 30 years ago, an industry leader whose name I have long forgotten said that to succeed in real estate you needed either a background in finance or law and had to learn architecture, engineering and planning; or...

Focus on hospitality: despite age-old risks, opportunities abound in the hotel industry.(INSIDER'S PERSPECTIVE)(Company rankings)
December 22, 2006... Editor's note: This article is excerpted from the presentation Steve Rushmore delivered during the 2006 CRE Annual Convention, Oct. 23-26 in Maui, Hawaii. Read more conference coverage in most recent issue of The Counselor newsletter (published...

Land use and master planning: flexibility, vision and effective partnerships make great cities.(FEATURE)(Discussion)
December 22, 2006... Panelists: JAMES J. CURTIS III, CRE RICHARD A. HANSON, CRE LYNN M. SEDWAY, CRE Moderator: MARILEE A. UTTER, CRE This edition of Real Estate Issues includes the first of a series of roundtable conversations about hot...

Floodplain development--learning from the Great Flood of 1993.(FEATURE)
December 22, 2006... NEARLY 14 YEARS AGO, THE NATIONAL NEWS WAS DOMINATED by stories of levee breaks and flooding along the Mississippi and Missouri rivers and their tributaries. In 2005, the story of the year was destruction on the Gulf Coast caused by hurricanes...

Focus on global markets: looking outside the U.S. for real estate investment.(INSIDER'S PERSPECTIVE)
December 22, 2006... THE REAL ESTATE INVESTMENT SECTOR has often been criticized for its lack of liquidity and high degree of lumpiness, transaction costs and geographic idiosyncrasies. Despite these characteristics, real estate remains one of the best...

Focus on the United Kingdom: are commercial property yields fully compressed?(INSIDER'S PERSPECTIVE)
December 22, 2006... THIS IS THE SECOND IN A SERIES OF FOUR ARTICLES providing my personal perspective on the state of the property market in the United Kingdom. The first article, which appeared in the Fall 2006 edition of Real Estate Issues, focused on some of...

Recommended reading; The Right to Buy: Analysis & Evaluation of a Housing Policy.(Book review)
December 22, 2006... RECOMMENDED READING The Right to Buy: Analysis & Evaluation of a Housing Policy By Colin Jones and Alan Murie (2006, Blackwell Publishing Ltd., Oxford, UK, 254 pages) COLIN JONES, PROFESSOR OF ESTATE MANAGEMENT at Edinburgh's...

Environmental due diligence in the wake of the EPA's new All Appropriate Inquiry rule.(FEATURE)(Environmental Protection Agency)
December 22, 2006... AS ANY SEASONED DEALMAKER KNOWS, there are regulatory hurdles that need to be addressed before initiating any transaction. Now, we can add a new environmental regulation to the list. Purchasers of commercial property and those who receive...

Recommended reading: USPAP in Plain English.(Book review)
December 22, 2006... RECOMMENDED READING USPAP in Plain English By John J. Leary, CRE, FRICS, and Alberl W. Franke III (2006, Elm City Clarion Associates LLC, New Haven, Conn., 65 pages) AUTHORS JOHN J. LEARY, CRE, FRICS, AND ALBERT W. FRANKE III are...

Focus on the investment conditions: economic resilience paves way to good times for commercial real estate.(INSIDER'S PERSPECTIVE)
December 22, 2006... THE FLEXIBILITY, CREATIVITY AND RESILIENCY OF THE CAPITAL markets and the economy all came into play during 2006 to place the economy in a better year-end position than most pundits had anticipated. With a decreased threat of inflation,...

Focus on the economy: inflation moderates as mid-recovery slowdown surfaces.(INSIDER'S PERSPECTIVE)
December 22, 2006... "SO FAR, SO GOOD!" This statement is a simple, yet accurate summary of what is unfolding in the U.S. economy and commercial property market. Neither recession nor stagflation is probable; instead, evidence that we are in the early stages of a...