The Morphology of the Credit Crisis

Volume 34, Number 3 Winter 2009-2010 By Hugh F. Kelly, CRE Photo: Norman Chan/Shutterstock.com A convenient definition of a bubble might be “a flimsy and temporary spherical structure, with nothing on the inside.” How bubbles have occurred throughout history has been the subject of quite a few instructive and frequently entertaining narratives.1 It is an… Read more

What I Did on My Summer Vacation (Editor’s Note)

Volume 34, Number 2 Originally Published: Fall 2009 By Peter C. Burley, CRE I love this job. As editor of one of the industry’s finest professional journals, I get to read some of the most thought-provoking material written by some of the most distinguished thought leaders in the business. Even during this downtime, while I… Read more

The Structure and Potential Economic Effects of Inclusionary Zoning Ordinances

Summer 2009, Vol. 34, No. 2 Abstract: Inclusionary zoning ordinances encourage the private sector to develop geographically dispersed affordable housing through a unique combination of mandates and incentives. This article summarizes the findings of existing research to consider the potential advantages and disadvantages of this type of land use regulation. Emphasis is placed on the legal… Read more

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Initial Feasibility as a Recommended Procedure

Summer 2009, Vol. 34, No. 2 features Abstract: This article recommends an initial evaluation of a proposed project to determine the need for an extended and more detailed financial feasibility study. The data required is available at an early stage during the information-gathering phase of market analysis. The conclusion is an important first indicator of the… Read more

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The (Other) Coastal Economy: Mobile is the Economic Engine for Coastal Alabama

Summer 2009, Vol. 34, No. 2 Abstract: In a new, and hopefully, regular feature which examines the conditions, developments and trends in local and regional economies, this article takes a look at Mobile, Alabama, an economy that is being called the “economic engine” for the coastal part of the state.  

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Review: Real Estate and the Financial Crisis: How Turmoil in the Capital Markets is Restructuring Real Estate Finance

Volume 34, Number 2 Summer 2009 Reviewed by Steve Price, CRE Tony Downs’ 2007 Book Niagara of Capital documented the causes of hyper-liquidity, loose credit and rapid asset appreciation in commercial and residential real estate markets. His new book follows that excellent account with an equally accurate but more forward-looking volume. Real Estate and the Financial Crisis: How Turmoil in the Capital Markets is Restructuring Real... Read More