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… Read more
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 the historical credit tenant status for single tenant federal government office leases; 2) examination... Read More