Real Estate Issues articles from September 2004

Real Estate Issues archives from September 2004

About the Counselors of Real Estate.
September 22, 2004... 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.(THE COUNSELORS OF REAL ESTATE )(Editorial)
September 22, 2004... COMMUNICATION IS A TWO-WAY STREET: a truism most would instinctively agree with, but one that journal formats like Real Estate Issues sometimes ignore. As we enter 2005, it is time to pay a bit more attention to opportunities for idea exchange...

Letter to the editor.(Letter to the Editor)
September 22, 2004... Philip S. Cottone, CRE, writes in response "The Myth of Moral Justice as reviewed by Buzz McCoy, CRE" in the Summer 2004 issue of Real Estate Issues, in which McCoy reviews Thane Rosenbaum's book "The Myth of Moral Justice": I READ WITH...

Real estate in the investment portfolio.
September 22, 2004... 1. HISTORY OF MODERN PORTFOLIO THEORY Modern portfolio theory (MPT) began in 1952 with the publication of an important article by Harry Markowitz. Markowitz was the first researcher to prove the old adage "Don't put all your eggs in one...

The ABC's of asset management.
September 22, 2004... WHAT IS ASSET MANAGEMENT? ASSET MANAGEMENT CAN BE DEFINED as the process of overseeing property performance with the goal of enhancing value and maximizing return to the owner. Asset management does not consist of a single activity that...

A LULU of a case: gauging property value impacts in rural areas.(attitudes of residents)
September 22, 2004... THE DAYS WHEN WELL-INTENDED CIVIC LEADERS could develop and build necessary infrastructure without some type of regulatory review are long gone. One person's irrigation project is another's nuclear waste dump. In undeveloped rural areas, it...

Have redevelopment agencies gone too far using the power of eminent domain? The Supreme Court may soon tell us.(Kelo v. City of New London, and relevant case history)
September 22, 2004... FEW WOULD DISAGREE THAT REDEVELOPMENT--in its traditional context--can be beneficial to society. Redevelopment has been responsible for revitalizing blighted and dilapidated communities where the previous property owners were either unwilling...

Searching for clarity in an uncertain world.(FOCUS ON INVESTMENT CONDITIONS)
September 22, 2004... IN LATE 2003 AND THROUGHOUT MUCH OF 2004, economic events finally began falling into place. GDP growth took off and has since settled down to a slower but steady rate. The Federal Reserve Board has been increasing the funds rate at a "measured"...

Globalization for all: not if, but when?(focus on the economy)
September 22, 2004... IT DOES NOT TAKE AN INDIVIDUAL OF GREAT INTELLIGENCE to recognize the interaction and interplay of direct and indirect economic issues which are prevalent throughout the world. There are implications as to "globalization"--meaning the...

Are floating-rate mortgages best for hotels? Observations from the recent cyclical peak-to-trough.(FOCUS ON HOTELS AND HOSPITALITY)
September 22, 2004... INTRODUCTION DURING JANUARY OF 2004, WE ATTENDED the American Lodging Investment Summit (ALIS), a large hotel industry investment conference held each year in Los Angeles. We sat through several sessions about financing hotel companies and...

Building conservation.(FOCUS ON GLOBAL ISSUES)
September 22, 2004... THE CONSERVATION OF PROPERTIES IN PRIVATE OWNERSHIP is a topic which frequently provokes both frustration and emotion as Government policies usually fail to address the complexities of the challenge. [ILLUSTRATION OMITTED] In Hong Kong...