The Evolution and Consequences of Kelo v. City of New London

Winter 2011/2012, Vol. 36, No. 3 Abstract: In the now infamous case of Kelo v City of New London, 125 S. Ct. 2655; 162 L. Ed. 2d 439 (2005), the United States Supreme Court ruled on a major eminent domain case that substantially broadened the power of the government to take private property. Prior to this… Read more

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Investing in Emerging Markets: China, India and Brazil

Fall 2011, Vol. 36, No. 2 Abstract: Real estate in emerging markets, in general, can be characterized as “embryonic and growth oriented.” China, India and Brazil exhibit such characteristics as accelerating market growth, industry potential that substantially exceeds its current volume and a rapidly growing number of relatively unsophisticated real estate players. Entry into these markets… Read more

Global Property Outlook and Role of Real Estate in the European Financial Crisis

Fall 2011, Vol. 36, No. 2 Abstract: This article traces the relationship between real estate and the global financial crisis (GFC), and the failure of financial regulators and central bankers to understand the dangers of asset price bubbles. A skeptical note is introduced about the ability of Basel III on its own to reduce the likelihood… Read more

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Resource Review: When the Boomers Bail: A Community Economic Survival Guide

Fall 2011, Vol. 36, No. 2 Abstract: The book is about baby boomers and much, much more. It is about the fundamental economics of our communities and how we are going to prepare for the Inverted Labor Market Curve. Lautman’s premise is, says reviewer Mary Bujold, CRE, that if a community is not growing its economy… Read more

Public-Private Partnerships: Lessons From Military Housing

Fall 2011, Vol. 36, No. 2 Abstract: This column, by author Sandy Apgar, IV, CRE, was originally published in the Baltimore Sun in August 2011 under the title ‘How the Army Saved Big Bucks.’ In it he praises a U.S. Army program called Residential Communities Initiative (RCI), an initiative that develops military “cities” that combine housing,… Read more

Asian Tigers and Lion Kings

Fall 2011, Vol. 36, No. 2   Abstract: Would you like to value property in China or Africa? If you answer “no,” you’ll miss the fastest-growing areas of the globe. Although the growth of China has been widely reported, less recognized is the rapid development of Africa. Both the Chinese and African economies are closely intertwined, and many African nations are expected to dominate the list of fastest growing countries over the... Read More