Estimating Market Rent for Major League Stadiums

Summer 1999, Vol 24, No 2 Abstract: Major League Baseball stadiums and National Football League stadiums rarely sell independently of the team franchise. Nevertheless, when new stadium construction or major renovation is proposed, or when departure of the tenant team is threatened, both feasibility analysis and market valuation are necessary. This requires the identification of market… Read more

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Real Estate Research & Valuation Using the Internet

Vol 23, No 4 Abstract: This manuscript discusses real estate research and valuation using Internet and World Wide Web resources. While the potential for revolutionary change and dramatically improved operations may exist, there remain many pitfalls and risks along the way. The authors explore the possibilities and pitfalls that exist in this area, as well as… Read more

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When Markets Clash

Winter 1998/1999, Vol 23, No 4 Abstract: Recent events in the public markets for real estate debt and equity securities may be analyzed from the point of view of the competition between public and private sources of commercial real estate finance. The author summarizes the clash between the public and private marketplaces over recent decades; discusses… Read more

Time-Based Competition & Industrial Location in the Fast Century

Winter 1998/1999, Vol 23, No 4 Abstract: By creating or improving accessibility, advances in transportation technology and infrastructure have catalyzed and shaped five waves of commercial real estate development. The first four occurred, respectively, near 1). seaports, 2). rivers and canals, 3). railroads, and 4). freeways, expressways, and interstate highways. A “fifth wave” of development around… Read more

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The Year 2000 Challenge — Impact on the Real Estate Industry

Winter 1998/1999, Vol 23, No 4 Abstract: With all of the recent publicity, most people are aware of the Year 2000 (Y2K) problem, however, we still seem to be understanding its impact. This manuscript describes the Y2K problem and its potential impact in three areas of real estate — facilities and property management; capital markets/financial transactions;… Read more

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Shareholder Value’s Black Hole . . . Corporate Real Estate

Winter 1998/1999, Vol 23, No 4 Abstract: Corporate America could be losing $119 billion per year and not even know it. Given the hyper-competitive nature of business and the investment returns demanded by shareholders, real estate investments generally fall short of the productivity, liquidity and investment objectives of corporations. As an investment, real estate carries with it not only an opportunity cost, but can actually have a negative... Read More