Agricultural Land

Summer 2008 Vol 33, No. 2 Abstract: This article looks at land in perhaps its most basic and fundamental purpose—that of agriculture. The authors summarize why this market segment has become an important asset class for investors and what are the historical and future valuation and demand trends.  

Investing in Residential Real Estate in the United States of America

Summer 2008 Vol 33, No. 2 Abstract: Despite the current credit crunch and market turbulence, investment today in housing is a good bet, as long as investors and developers consider the increasingly complex environment. Factors to consider are: global investment in U.S. housing markets, changing housing demographics that favor dense urban living, rising energy costs and… Read more

Leadership Roundtable: Green Building: Balancing Fact and Fiction

Summer 2008 Vol 33, No. 2 Abstract: “Green” marketing is everywhere, and the real estate sector is no exception. But of course, like many of these transformations in the language of the marketplace, caveat emptor is often the rule. As more and more real estate owners, developers, public and private investors, and others get involved in… Read more

Last Harvest: How a Cornfield Became New Daleville

Summer 2008 Vol 33, No. 2 Abstract: CRE Peter Holland reviews author Witold Rybczynski’s 14th book, this one taking a look at a residential subdivision in Pennsylvania, and all the market forces that led to its unique development.  

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Quo Vadis Redux—Or, ‘Where are We Heading?’

Volume 33, Number 2 Summer 2008 By Daniel Rose, CRE Photo: valeriiaarnaud/Shutterstock.com Below is the text of a speech presented by CRE Daniel Rose at the first national conference of the Yale Alumni Real Estate Association, held at Yale University in April 2008. Rose asks real estate professionals to think about…“where we have been, where… Read more

Commercial Real Estate Loss Expectation and CMBS/CMBX Prices

Summer 2008 Vol 33, No. 2 Abstract: The economic analysis presented in this perspective suggests that the capital markets have overreacted to the likely uptick in commercial mortgage defaults and losses over the next few years. This article poses that the CMBX/CMBS spreads in the beginning of 2008 have substantially overestimated the default and loss rates, exceeding the realistic forecasts by as much as three times. CMBX tranches rated "A"... Read More

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