Going Green Pays Off for Two Leading Businesses

Spring 2007, Vol 32, No 1 Abstract: Incorporating environmentally sensitive design elements and retrofits in commercial buildings is no longer a daring, radical concept that only avant-garde thinkers with deep pockets can implement. Today, going green isn’t just a feel-good proposition that garners positive headlines and community applause. Companies that have committed to saving energy and… Read more

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Collaborative and Market-Driven Approaches to Economic Development and Revitalization

Spring 2007, Vol 32, No 1 Abstract: Response to the 2005 U.S. Supreme Court decision in Kelo vs. New London has been dramatic and polarizing. Yet the ongoing debate fails to address the broader issues of how to define blight and best results, and how to undertake improvements in a manner that is sensitive to the… Read more

Comments on the Concept and Definition of Highest and Best Use

Spring 2007, Vol 32, No 1 features Abstract: Does the current definition of highest and best use analysis serve as an effective guideline for real estate consultants who are looking for the most appropriate use of a given parcel of land? Critics say no and offer suggestions for alternatives that would provide the insight and flexibility… Read more

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FIRREA and Its Effect on the Investment Community

Spring 2007, Vol 32, No 1 Abstract: The Federal Institutions Reform, Recovery and Enforcement Act introduced fundamental changes in the way federally regulated institutions must order appraisals, as well as how professionals perform them. Though the act has led to improvements in the integrity of the lending process, many lenders and investors find it confusing and… Read more

Negotiating Defeasance Provisions at Origination Can Materially Impact the Bottom Line

Spring 2007, Vol 32, No 1 Abstract: Often, defeasance is the only mechanism borrowers can use to release property from a securitized mortgage lien. The process allows borrowers to purchase a portfolio of securities to serve as a substitute for the property collateral identified at loan origination. But borrowers who pay attention to defeasance provisions and… Read more

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REVIEW: The Dynamics of Real Estate Capital Markets—A Practitioner’s Perspective

Spring 2007, Vol 32, No 1 Abstract: This recently released book comprises 36 articles and symposia summaries written and presented by Bowen H. “Buzz” McCoy, a longtime Counselor and thought leader in the real estate field. The compilation provides tremendous insight into the evolution of transaction structure, market dynamics and analytical trends through the past 35 years.   Read More