Commercial Mortgage Securitization – An Overview

April 1994, Vol 19, No 1 Abstract: Commercial mortgage securitization has been around for over a decade traveling many bumpy roads with stops and starts. Due to the current limited access to capital, commercial securitization is in overdrive. This article discusses securitization from the differences between residential and commercial, various structures, the process, credit enhancement issues,… Read more

Features

Acquiring Property at a Former Military Base: The Process and the Law

The reduction in United States military forces has resulted in an increased number of base closings nationwide. While many of these bases have excellent facilities suitable for a variety of different uses, most real estate professionals and developers do not understand the complex process or laws which influence the acquisition of property at a closed… Read more

The Intangible Business Component of Commercial Real Estate Investment

April 1994, Vol 19, No 1 Abstract: This article identifies the operating business component of investing in real estate, its importance in property operations and hopw it is priced at both portfolio and property levels. The thesis presented here is as follows: real estate is an operating business which renders it both an asset class within… Read more

Office Buildings and the Role of Downtown in the Polycentric City

April 1994, Vol 19, No 1 Abstract: Urban form has evolved rapidly in the past two decades as economic functions have become increasingly suburban. As suburbanization continues, the role and viability of the downtown is unclear. Using data from Jacksonville, Florida, office building rental rates indicate that downtown building have been a better investment than suburban… Read more