Shanghai Development Takes Off, Transforming the Residential and Commercial Landscape

Fall 2006, Vol 31, No 2 Abstract: Visitors have difficulty finding the words to describe the scale of development in Shanghai. Its enormous size and rapid change—and its leaders’ ability to make decisions and execute—is amazing. This growth, of course, is not painless. Urban sprawl, corruption and an extremely complicated government system are among the challenges… Read more

Real Estate Bubbles: Evidence in the Lender-Borrower Relationship

Fall 2006, Vol 31, No 2 Abstract: One key to investment success is knowing when to exit. This paper examines the interaction of loan underwriting policies for timing indicators and the lender-borrower difference of opinion about the future and what it says about the upper limit of that market. In typical real estate acquisitions, lenders influence… Read more

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Navigating the Complex World of Business Property Leasing—The Tenant’s Side

Fall 2006, Vol 31, No 2 Abstract: No consultant, real estate broker or lawyer likes to be accused of over-lawyering a lease. But clients often fail to recognize that a lease is a very complex document. State rules vary widely in identifying parties’ obligations and rights when nonresidential property leases fail to address key issues. However,… Read more

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Modernization, Immigration and Conservation: Counselors Gain Perspective at High Level Conference

Fall 2006, Vol 31, No 2 Abstract: Delegates of the 2006 CRE High Level Conference share their perspectives of a program that showcased world-class leaders discussing issues such as obstacles to resolving societal threats, drivers of terrorism, immigration and assimilation, the effects of instant communication, multicultural business environments, and how the emerging Chinese economy will… Read more

Review: Managing Government Property Assets: International Experiences

Fall 2006, Vol 31, No 2 Abstract: Editors and authors of Managing Government Property Assets strive to establish a framework for debate and discussion about managing real property assets in the public domain from an international perspective. “A key objective is to identify potentially transferable approaches and practices that might be applicable in countries that are… Read more

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Is U.S. Real Estate Priced Right Today?

Volume 31, Number 2 Published: Fall 2006 By Raymond G. Torto, Ph.D., CRE [caption id="attachment_9276" align="alignnone" width="300"] Photo: Number1411/Shutterstock.com[/caption] At today’s record prices, and with 20 percent total returns over the last year, many investors have found themselves asking: “Are real estate prices too high?” Recent research shows capitalization rates in the low 6 percent range for office,... Read More