Valuation and Pricing of Government Land and Property: A Tip of a Growing Iceberg

Volume 37, Number 1 Summer 2012 By Olga Kaganova, Ph.D. Photo: Niyaz/Shutterstock.com Abstract: This article reviews international differences in accounting treatments of government assets and discusses conceptual differences between the value of property within the contexts of private ownership and government ownership. The article suggests that in the context of the continuing fiscal crisis and increasingly… Read more

Review: Skin in the Game: The Past, Present and Future of Real Estate Investments in America

Summer 2012, Vol. 37, No. 1 Abstract: This book, says reviewer Daniel L. Swango, CRE, calls attention to a major problem in the economy and in the real estate segment particularly: that many of the investors, loan originators, secondary market entities, investment vehicle creators and others have little or no skin in the game, i.e., their… Read more

Review: Real Estate Mathematics: Applied Analytics and Quantitative Methods for Private Real Estate Investment

Summer 2012, Vol. 37, No. 1 features Abstract: This book “is an excellent new addition to the already crowded collection of texts on real estate math and its applications,” says reviewer William P.J. McCarthy, CRE. Noting that five of the book’s 19 chapters are written by Counselors of Real Estate (CRE®), McCarthy adds that each chapter… Read more

Social Media: Identifying the Business Opportunities

Originally Published: Summer 2012, Vol. 37, No. 1 Abstract: “If Google can’t find you, you don’t exist” goes the saying, and in this article the author, although initially hesitant, eventually couldn’t agree more. Through his own experience using some of the basic social media tools—Twitter, LinkedIn, Facebook, YouTube, blogs—in his commercial real estate business, the author… Read more

North American Port Analysis: Beyond Post-Panamax Basics to Logistics

Summer 2012, Vol. 37, No. 1 Abstract: In this article, the author presents a detailed look at North American ports, the impact of the expansion of the Panama Canal locks, and the new hot topic known as Intermodalism and its future impact on ports and commercial real estate. Intermodalism “…is quite simply “a system whereby standardsized… Read more

Timely Recognition of Development Profit: A Fair Value Perspective

Summer 2012, Vol. 37, No. 1 Abstract: In the current private and institutional real estate equity fund environment, periodic reporting of investment returns is both prudent and mandatory. This performance data is particularly important to pension and retirement plan investors in various open-end funds, say the authors. Since participants (investors) are permitted to enter or exit open-end funds on a periodic basis, the interest(s) purchased... Read More