Tax Credit for Principal Residence: Clearing the Housing Glut

Spring 2010, Vol. 35, No. 1 features Abstract: Over the past few years Congress has taken various approaches to stimulating the housing market and the overall economy. One stimulant has been in the form of tax credits for homebuyers. Initially, Congress provided a credit limited to first-time homebuyers. However, that credit was effectively a loan—up to… Read more

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The Importance of ‘Greening’ Your Commercial Lease

Spring 2010, Vol. 35, No. 1 Abstract: In this article, the authors provide general information regarding some of the different types of green standards that are commonly used in green building; discuss some of the reasons behind the rise in green construction and leasing; and provide suggestions for modifications to provisions typically found in leases to… Read more

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Five Levels of Synergy Potential to Create Real Estate Value

Spring 2010, Vol. 35, No. 1 features Abstract: The concept of synergy is commonly used by industry groups such as property developers and shopping center operators. There is, however, the authors say, little explicit discussion on how synergy creates new value within the industry. And, a look at standard real estate valuation textbooks indicates little coverage… Read more

Value is Lower When Depreciation is an Operating Expense: A Current Issue

Spring 2010, Vol. 35, No. 1 Abstract: This article examines the correct use of the depreciation deduction in the estimation of net operating income. A difference in procedure exists between the typical accounting viewpoint that it should be included in operating expenses, as opposed to the real estate analysis which uses it only to lower… Read more

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“Winter lies too long in country towns; hangs on until it is stale and shabby…” -Willa Cather (Editor’s Note)

Volume 34, Number 3 Originally Published: Winter 2009-2010 By Peter C. Burley, CRE This is the time of year that my “love-hate” relationship with Colorado leans heavily toward the latter. Where I live, in a remote valley at the foot of the Rockies, the ground is frozen and brown, lying fallow with scattered patches of… Read more

Looking Back and Ahead at the Market: Real Estate Issues – Questions and Answers with Mark Zandi

Volume 34, Number 3 Winter 2009-2010 Participants: PETER C. BURLEY, CRE Editor in Chief, Real Estate Issues Larkspur, Colo. MARK ZANDI, PH.D. Chief Economist and Co-Founder Moody's Economy.com West Chester, Pa. Introduction MARK ZANDI isn’t an easy person to catch up with. He’s very busy these days, always moving—sometimes in Washington advising policymakers, and sometimes at his desk at Moody’s Economy.com in West... Read More