The Valuation of Contaminated Properties
Fall/Winter 1991, Vol 16, No 2 Abstract: The field of appraising environmentally impaired properties has progressed to where hands-on experiences may be shared in the form of case studies. In this article the case studies concentrate on the problems encountered in the appraisal of ‘in ground’ contamination rather than the valuation of ‘in building’ contamination with… Read more
The Effects on Residential Real Estate Prices from Proximity to Properties Contaminated with Radioactive Materials
Fall/Winter 1991, Vol 16, No 2 Abstract: This research study included all bona fide arm’s length sales of single family residences located within one mile of three Superfund sites in three adjacent towns in New Jersey between July 1, 1980 and June 30, 1989. Sales properties were grouped into distance zones, and the effects on sales… Read more
Landfills Aren’t All Bad: Considerations for Real Estate Development
Fall/Winter 1991, Vol 16, No 2 Abstract: Real estate development on a landfill is a challenging venture and a thought provoking idea. Careful consideration of several development issues is required. This article overviews modern landfill design and answers six questions of interest to the real estate developer.
Environmental Counseling Cases
Fall/Winter 1991, Vol 16, No 2 Abstract: Pollution damage to the market value of real estate comes in many forms. This article discusses two vastly different forms of pollution in two case studies. The first ‘Where’s the Plume’ deals with an underground water aquifier polluted by leaks from service stations that affected the market value of… Read more
Lender’s Perspectives on Environmental Issues
Fall/Winter 1991, Vol 16, No 2 The article summarizes the results of a survey of major real estate lenders which was performed by Hanford/Healy Appraisal Company. The purpose of the survey was to quantify lenders’ perceptions of environmental risks and the effects of these perceptions on underwriting policy. The eight multiple-part questions used in this… Read more
Growth Management and the Concept of Concurrency: Florida’s Experience
Spring/Summer 1991, Vol 16, No 1 Abstract: Florida Appears to be the first state to experiment with the concept of concurrency to regulate land use planning. This article describes the concurrency technique that is being implemented throughout the state of Florida, and it refers to case law that involves concurrency, including several U.S. Supreme Court precedents. Read More