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Real Estate Issues

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Focus on real estate analysis: how major hurricanes impact housing prices and transaction volume.(FEATURE)
WE SEEK TO INVESTIGATE THE EXTENT TO WHICH COASTAL impacts of major (1) hurricanes may affect short- and medium-term housing prices. Our investigation is largely motivated by the increased strength . . .

Focus on real estate analysis; Rebuilding after Katrina: an owner's perspective two years later.(INSIDER'S PERSPECTIVE)
WE ARE TAUGHT TO THINK OF REAL ESTATE AS A STABLE investment, with predictable behavior. Two years after Katrina struck, the rebuilding of our seven New Orleans properties is finally complete, and . . .

Home price indices futures.(FEATURE)
THIS ARTICLE ANALYZES THE POTENTIAL USE OF Chicago Mercantile Exchange (CME) housing futures for hedging, arbitrage and speculative purposes. The quote from the CME web page on housing futures . . .

Seizure in the capital markets and its impact on Washington's investment-grade office building deal volume.(FEATURE)
THE LENDING CRISES THAT HIT THE U.S. ECONOMY in the late 1980s and early 1990s had their foundation in poorly underwritten commercial loans and, for the most part, the impact of this failure . . .

Deflation risk in income-property investments and permanent loan portfolios: a 2008 update.(FEATURE)
Note: These are the views of the author, and not necessarily the views of Bank of the West. THIS ARTICLE UPDATES A PREVIOUS ARTICLE I WROTE for the Summer 2003 issue of Real Estate Issues (REI) . . .

Economic and market trends in second half of 2007 and early 2008: an assessment and outlook.(LEADERSHIP ROUNDTABLE)(Company over
Panelists: RAYMOND G. TORTO Ph.D., CRE Principal and Chief Strategist CB Richard Ellis--Torto Wheaton Research Boston, Mass. KENNETH P. RIGGS, JR., CRE President and CEO Real Estate . . .

Editor's statement.
"Everything you know, I taught you. I did not teach you everything I know" THESE WERE THE WORDS of an investment banker who was providing me documentation for a pool of low-income, tax credit . . .

Recommended reading; Living Into Leadership: A Journey in Ethics.(Recommended readings)
RECOMMENDED READING Living Into Leadership: A Journey in Ethics By Bowen H. "Buzz" McCoy, CRE (2007, Stanford University Press, 232 pages) "Who are you and what do you want?" Who hasn't . . .

Recommended reading: Markets & Institutions in Real Estate & Construction.(Recommended readings)
RECOMMENDED READING Markets & Institutions in Real Estate & Construction By Michael Ball (2006, Blackwell Publishing, RICS Research, 280 pages) THE GLOBALIZATION OF REAL ESTATE investing is a . . .

Focus on the United Kingdom: what is driving the change in the U.K. retail market?(INSIDER'S PERSPECTIVE)
ONE OF THE REASONS FOR WRITING THESE INSIDER'S PERSPECTIVE articles is to draw, in the mind of the reader, a similarity or contrast between the U.K. and the property market in which the reader . . .

Commercial real estate derivatives: the developing U.S. market.(FEATURE)
"Derivatives make markets more complete--that is, they make it possible to hedge risks that otherwise would be unhedgeable.... [R]isks are born by those who are in the best position to bear them and . . .

Focus on Real Estate Analysis: comments on the probability of rezoning.(INSIDER'S PERSPECTIVE)
IN THE SPRING 2007 EDITION OF REAL ESTATE ISSUES, THE concept and definition of highest and best use was discussed in the article, "Comments on the Concept and Definition of Highest and Best Use." . . .

Unintentional redlining? Zoning ordinances and the living wage.
AS SOCIETY BECOMES INCREASINGLY MULTICULTURAL, LAWSUITS involving discrimination by race and national origin are likely to become more prevalent. While many such cases are filed under the 14th . . .

Conservation easements: windfall or straitjacket?(FEATURE)
A CONSERVATION EASEMENT CREATES A NON-POSSESSORY interest in land. In granting or donating a conservation easement, a landowner normally transfers certain property rights to a nonprofit . . .

Leadership Roundtable: the real estate industry & the CRE organization.(FEATURE)(Conference notes)
Panelists: RICHARD A. HANSON, CRE 2008 CRE Chairman of the Board Principal -- Mesa Development, LLC Chicago, Ill. A.C. SCHWETHELM, CRE 2008 CRE First Vice Chairman (to serve as 2009 . . .

Editor's statement.(Editorial)
I recently enjoyed a lengthy conversation with a friend concerning the operation of our respective firms. She is a land use lawyer with one of the best (and largest) law firms in the Northeast. By . . .

Focus on the environment: going green pays off for two leading businesses.(INSIDER'S PERSPECTIVE)
INCORPORATING BUILDING DESIGN ELEMENTS that are environmentally sensitive. Embarking on facility retrofits to conserve resources. These are no longer daring, radical concepts employed only by . . .

Collaborative and market-driven approaches to economic development and revitalization.(FEATURE)
RESPONSE TO THE 2005 U.S. SUPREME COURT DECISION IN Kelo vs. New London has been dramatic and polarizing. Overnight, eminent domain has become a topic for discussion in households, businesses and . . .

Focus on real estate analysis: comments on the concept and definition of highest and best use.(INSIDER'S PERSPECTIVE)
HIGHEST AND BEST USE ANALYSIS DOES NOT APPLY SOLELY to appraisals; it also relates directly to real property market analysis. Appraisal literature may contain the majority of discussion and . . .

Focus on the investment law: FIRREA and its effect on the investment community.(INSIDER'S PERSPECTIVE)(Federal Institutions Refo
IN 1989, THE U.S. PRESIDENT SIGNED into law Title XI of the Federal Institutions Reform, Recovery and Enforcement Act, more commonly known as FIRREA. With it came fundamental changes in the way . . .

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