Underwater Mortgages: Can Eminent Domain Bail Them Out?

Volume 38, Number 2 Fall 2013 By Anthony F. DellaPelle, Esq., CRE, and Cory K. Kestner, Esq. Photo: cherezoff/Shutterstock.com Introduction The Genesis of the Concept Discussion of the use of eminent domain to seize “underwater” residential mortgages began in mid-2012, when it was conceived as a potential way to improve the housing market and to assist… Read more

Bright Spots and Blind Spots

Fall 2013, Vol. 38, No. 2 Abstract: What are the bright spots and blind spots in the U.S. economy and real estate in the second half of 2013? How do four options, including the Fed monetary policy, the housing recovery, energy and manufacturing, affect the outlook? In this article, noted economist K.C. Conway, chief economist/USA, Colliers… Read more

The Consequences of Tax Exempt Debt for Private Real Estate Development: The Case of The Villages

Fall 2013, Vol. 38, No. 2 Abstract: Tax exempt debt in the United States is commonly secured by special districts to provide a variety of infrastructure routinely treated as public facilities. In some cases, these special districts are largely controlled by private interests, and the infrastructure or services support what might otherwise be viewed as the… Read more

Comparing Value: U.S. Government Office Leases vs. Credit Tenant Leases

Spring 2013, Vol. 38, No. 1 Abstract: Investors often are called upon to value a leased fee interest in a single tenant property. Th e purpose of this article is to evaluate whether single tenant, federal government agency leases, are credit tenant leases. To make that evaluation, this article addresses the following areas: 1) discussion of… Read more

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EUROPEAN LEADERSHIP ROUNDTABLE: Real Estate Markets and the Economy: European Insights

Spring 2013, Vol. 38, No. 1 Abstract: With economic news from Europe daily hitting our media, the Real Estate Issues® Editorial Board frequently had discussed trying to get a better perspective on the views of our European CRE members and RICS associates regarding current real estate issues and the impact of the fi nancial situation on… Read more

RESOURCE REVIEW – Miami: Mistress of the Americas

Spring 2013, Vol. 38, No. 1 Abstract: In his review of Miami: Mistress of the Americas by Jan Nijman, CRE Joe Parker remarks on the uniqueness of Miami and how, without ever becoming important during its early years of development as a domestic city, it evolved into a truly international city of commerce with a diverse population that defines its culture today. Parker notes the book should be required reading for every permanent and part-time... Read More