Economic Resilience Paves Way to Good Times for Commercial Real Estate

Winter 2006-2007, Vol 31 No 3 Abstract: The flexibility, creativity and resiliency of the capital markets and the economy all came into play during 2006 to place the economy in a better year-end position than most pundits had anticipated. The economy was in a very healthy condition as the year ended, and the economic and capital… Read more

Review: USPAP in Plain English

Winter 2006-2007, Vol 31 No 3 Abstract: This guidebook to the 2006 Uniform Standards of Professional Appraisal Practice explains new and updated definitions—including definitions for appraisal, appraiser’s peers and scope of work—and identifies key areas of USPAP that have changed, focusing on matters related to residential appraisal work. The standards include a major revision that shifts… Read more

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Environmental Due Diligence in the Wake of the EPA’s New All Appropriate Inquiry Rule

Winter 2006-2007, Vol 31 No 3 Abstract: As any seasoned dealmaker knows, there are regulatory hurdles that need to be addressed before initiating any transaction. Now, we can add a new environmental regulation to the list. Purchasers of commercial property, and those who receive site specific brownfields grants, must follow a new federal rule governing environmental… Read more

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Resource Review: The Right to Buy: Analysis & Evaluation of a Housing Policy

Winter 2006-2007, Vol 31 No 3 Abstract: The United Kingdom’s Right to Buy policy permits tenants of council housing, similar in some ways to affordable housing in the U.S., to purchase the homes they rent. Since its adoption in 1980, the policy has spurred constant debate about the role of the state in providing housing. Authors… Read more

Are Commercial Property Yields Fully Compressed?

Winter 2006-2007, Vol 31 No 3 Abstract: The UK commercial property market has emerged from the safe world of pre-let construction into the heady atmosphere of speculative development. Of the £152 billion lent to property backed securities in 2005, about £5 billion is to property developments where no tenant has been identified or signed up before… Read more

Looking Outside the U.S. for Real Estate Investment

Winter 2006-2007, Vol 31 No 3 Abstract: Real estate remains one of the best risk-adjusted investments. In fact, a number of factors have made world markets more interesting and potentially highly profitable over the past decade. Investors who look outside the U.S. market could potentially enjoy higher returns, increased portfolio diversification, greater variety of investment vehicles and the opportunity to benefit from the growth of the... Read More