Selection of the Winning Office Investment Market: Case of Tokyo

Winter 2012, Vol. 37, Nos. 2&3 Abstract: Following the collapse of Japan’s economic bubble in 1991, the country’s economic growth slowed. Since then, the office market has suffered high vacancy rates, and there have been many cases where office buildings have had to be rebuilt. This trend is expected to increase in the midst of a… Read more

“We are made wise not by the recollection of our past, but by the responsibility for our future.” —George Bernard Shaw

Volume 36, Numbers 2 and 3 Originally Published: Fall 2012 By Peter C. Burley, CRE PERHAPS IT IS THE ELECTION SEASON THAT HAS GOT ME thinking about it, I can’t say for sure. But I was, and I remain, a fan of the television series “The West Wing.” And, one of my favorite scenes in… Read more

“Ah, summer, what power you have to make us suffer and like it” —Hal Borland (Editor’s Note)

Volume 37, Number 1 Originally Published: Summer 2012 By Peter C. Burley, CRE Heat takes its toll. We slow our pace, enervated and exhausted. We suffer dehydration. It’s hard to sleep at night. Anxiety levels increase. People get cranky, sullen, unmotivated. I will personally admit to all of those things. This past summer was the… Read more

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 is timely, well researched, insightful and highly applicable, and their quality is the book’s... Read More