Adversaries to Allies: Creating Wealth for the Republic of Serbia from Surplus Military Property

Winter 2013, Vol. 38, No. 3 Abstract: This article demonstrates how a counselor’s interdisciplinary skills, critical inquiry and thoughtful analysis of a situation helped a receptive and responsive client look beyond a mere symptom and craft a strategy to advance economic growth in the Republic of Serbia. As part of an initiative to stimulate economic expansion… Read more

Economic Rationale, Highest and Best Use, and Market Valuation Issues for Appraising Inextricably Intertwined Assets

Fall 2013, Vol. 38, No. 2 Abstract: Some complex, special purpose property transactions can possibly include unique rights and interests that will require an appraiser to determine whether that right or interest is portable or permanently attached to the real property being valued. If the right or interest is portable, then that right is personal property,… Read more

The Relationships Between the Real Estate and Stock Markets in Poland

Fall 2013, Vol. 38, No. 2 Abstract: A combination of political, cultural and economic factors contributed to the favorable performance of Poland’s housing and capital markets over the past couple of decades. Study of the returns accruing to participants in those markets, and of the behavior of those markets relative to their international counterparts, is important… Read more

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RESOURCE REVIEW: Dynamic Urban Design: A Handbook for Creating Sustainable Communities Worldwide

Fall 2013, Vol. 38, No. 2 Abstract: What makes urban design dynamic? The author of this book, Michael A. Von Hausen, believes it is taking urban design to a more comprehensive level, essentially uniting urban design and sustainability “in a practical, measured way,” and doing it on a global basis. His proclaimed mission is “to bring… Read more

Global Real Estate Investment and Risk: An Interview with David J. Lynn, Ph.D., CRE

Volume 38, Number 2 Published: Fall 2013 Interviewer: Mary C. Bujold, CRE Editor in Chief, Real Estate Issues® President, Maxfield Research, Inc. Minneapolis, Minnesota Interviewee: David J. Lynn, Ph.D., CRE Executive Vice President, Chief Investment Strategist Cole Real Estate Investments Phoenix, Arizona Introduction One of the subjects on The Counselors of Real Estate’s “Top Ten… Read more

Golf Courses and Tax Assessments: Just One Right Way?

Fall 2013, Vol. 38, No. 2 Abstract: This article addresses inconsistency that exists in valuation methodology for golf course properties in ad valorem tax assessment cases. In many instances, jurisdictional rules or laws or court decisions incorrectly interpret the methods and techniques applicable to developing accurate values of the different types of golf course properties, often requiring that methods be employed which ignore market... Read More