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Real Estate Issues

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Last Harvest: How a Cornfield Became New Daleville.(real estate market)(Viewpoint essay)
I AM CERTAIN THAT VIRTUALLY EVERY member of The Counselors of Real Estate has an active level of curiosity for the real estate projects we all observe in our professional and day-to-day lives. . . .

Quo vadis redux--or where are we heading?(TALK OF THE TIMES)(real estate market)
Below is the text of a speech presented by CRE Daniel Rose at the first national conference of the Yale Alumni Real Estate Association, held at Yale University in April 2008. Rose asks real . . .

Commercial real estate loss expectation and CMBS/CMBX prices.(FEATURE)(commercial mortgage-backed securities)(commercial mortgag
WHILE PRICES HAVE BEEN SLOW TO CHANGE IN THE COMMERCIAL real estate equity market, the commercial real estate debt markets have been driven by ever increasing costs and decreased availability of . . .

Real estate conveyances from livery of seisin to electronic transfer: Real estate transactions enter the digital/electronic Worl
THE AGE OF "STICKS AND STONES:" MANUAL TRANSFER Prior to 1500, most real estate conveyances (1) were by livery of seisin: "livery" meaning delivery and "seisin" meaning possession. Ownership . . .

Special master bias in eminent domain cases.(FEATURE)
OVERVIEW OF EMINENT DOMAIN VALUATION The various state laws in the United States are consistent on eminent domain valuation: the stated goal is the difference between the total value of the . . .

The U.S. senior housing opportunity: investment strategies.(FEATURE)
With favorable demographic fundamentals and the achievement of higher yields relative to conventional apartments, we believe that the senior housing sector is emerging as an increasingly . . .

Agricultural land.(FOCUS ON REAL ESTATE)
IN THE PAGES OF REAL ESTATE ISSUES, WE HAVE EXPLORED many aspects of land use and development including entitlement, valuation, zoning, environmental remediation, urban renewal and urban sprawl. We . . .

Caution! not all house prices have declined.(FOCUS ON REAL ESTATE)
A DAY DOES NOT GO BY WHEN THE NATIONAL ant international press do not report with great authority that house prices, typically a median, have declined significantly--across the board, for all . . .

Investing in residential real estate in the United States of America.(FOCUS ON REAL ESTATE)
This article is developed from CRE Richard A. Hanson's presentation made at MIPIM in March 2008. The presentation addresses U.S. real estate development patterns and investment in view of . . .

Green building: balancing fact and fiction.(LEADERSHIP ROUNDTABLE)(Roger Bezdek of President-Management Information Services, In
BACKGROUND A new phrase has entered the vocabulary of real estate: "green building." Everywhere one turns, there is yet another conference, article or marketing campaign advocating for green or . . .

Through a muddy crystal ball.(real estate market)(Editorial)
The views expressed here are those of Maura Cochran, Bartram & Cochran, Inc., and Marc Thompson, Bank of the West, and not necessarily those of the The Counselors of Real Estate. "THE MARKETS ARE . . .

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)(Column)
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)(Column)
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)
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.(Column)
"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 . . .

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