Megatrends in Retail Real Estate

Megatrends in Retail Real Estate
Author: John D. Benjamin
Publisher: Springer Science & Business Media
Total Pages: 376
Release: 2012-12-06
Genre: Business & Economics
ISBN: 940091802X

Retail real estate properties and their marketplaces are in a constant state of change. The emergence of such new and growing value formats as warehouse clubs, factory outlet malls, and other powerful discount formats provide traditional shopping centers and malls with increasingly competitive challenges. These value and discount retail formats generate higher sales per square foot and have lower construction costs than many traditional retail properties. Combined with the slow growth in retail sales and the increasing alternatives to in-store retailing, a question mark hangs over the future of retail marketplaces and the retail formats that will be the leaders of the future. Megatrends in Retail Real Estate allows the reader to analyze and forecast changes in the retail marketplace. The book presents a simple model to analyze and predict mall and shopping center investment returns. It then examines the financing of retail properties and securitization of their mortgages, as well as the operations of retail properties. Finally, the book analyzes new retail marketplaces and the international retail arena.

Real Estate Appraisal

Real Estate Appraisal
Author: Sarah Sayce
Publisher: John Wiley & Sons
Total Pages: 352
Release: 2009-02-11
Genre: Business & Economics
ISBN: 1405173246

The education of the real estate professional is changing andaligning itself more closely with the world of business. This book takes a new approach to property appraisal by exploringthe pricing mechanism in this changing context. It: * develops the notion of the pricing mechanism in relation toproperty * covers practical issues of comparison and the real problems inapplying valuation theory * explores calculations - including social and environmental worth- ignored in other texts As real estate professionals now advise both on strategic andoperational aspects of built assets, they must take into accountpractices of other investment markets and see investors ascompetitors to owner-occupiers. Both owner-occupiers and investorshave to assess accurately how their buildings perform but also beaware of wider sustainability issues, and social and environmentalresponsibilities. Real Estate Appraisal: from value to worth meets these new demandsby examining the latest techniques of the marketplace; developingan understanding of both market appraisal and worth; andhighlighting the emerging role of sustainability as a driver fordecision-making in real estate. Written by a group of highly experienced lecturers andprofessionals at the cutting edge of investment practice, the bookhas an accessible style and authoritative coverage, for bothstudents and practitioners facing changes in established ways ofworking. For supporting material please go towww.blackwellpublishing.com/sayce

Street Commerce

Street Commerce
Author: Andres Sevtsuk
Publisher: University of Pennsylvania Press
Total Pages: 248
Release: 2020-06-12
Genre: Social Science
ISBN: 0812252209

A comprehensive analysis of the issues involved in planning for and facilitating successful street commerce Street commerce has gained prominence in urban areas, where demographic shifts such as increasing numbers of single people and childless "empty nesters," along with technological innovations enabling greater flexibility of work locations and hours, have changed how people shop and dine out. Contemporary city dwellers are demanding smaller-scale stores located in public spaces that are accessible on foot or by public transit. At the same time, the emergence of online retail undermines both the dominance and viability of big-box discount businesses and drives brick and mortar stores to focus as much on the experience of shopping as on the goods and services sold. Meanwhile, in many developing countries, the bulk of urban retail activity continues to take place on the street, even as new car-oriented shopping centers are on the rise. In light of such trends, street commerce will play an important role in twenty-first-century cities, particularly in producing far-reaching benefits for the environment and local communities. Although street commerce is deeply intertwined with myriad contemporary urban visions and planning goals—walkability, quality of life, inclusion, equity, and economic resilience—it has rarely been the focus of systematic research and informed practice. In Street Commerce, Andres Sevtsuk presents a comprehensive analysis of the issues involved in implementing successful street commerce. Drawing on economic theory, urban design principles, regulatory policies, and merchant organization models, he conceptualizes key problems and offers innovative solutions. He provides a range of examples from around the world to detail how different cities and communities have bolstered and reinvigorated their street commerce. According to Sevtsuk, successful street commerce can only be achieved when the private sector, urban policy makers, planners, and the public are equipped with the relevant knowledge and tools to plan and regulate it.

Essays in Honor of William N. Kinnard, Jr.

Essays in Honor of William N. Kinnard, Jr.
Author: C.F. Sirmans
Publisher: Springer Science & Business Media
Total Pages: 339
Release: 2012-12-06
Genre: Business & Economics
ISBN: 1441989536

The first section of the book contains seven original essays, arranged in order to coincide with Bill's (chronological) professional career. These essays cover a wide variety of real estate topics, including valuation theory, definition of market value, market analysis, the appraisal process, role of the appraiser as an expert witness, valuation under environmental contamination, and international real estate issues. The second section of the book reprints eleven of Bill's most influential papers, selected with the help of forty of his colleagues. These articles, written by Bill and various co-authors, represent only a portion of his contributions to real estate theory and practice. They are "classics" in real estate education. The final section contains personal reflections by colleagues, family and friends of Bill. One of Bill's most influential publications is his classic text, "Income Property Valuation", and is frequently cited in the testimonials. These testimonials provide clear evidence that Bill was an excellent teacher and real estate professional. He truly cared about his students and colleagues and worked hard to move the real estate profession forward.

Real Estate Education Throughout the World: Past, Present and Future

Real Estate Education Throughout the World: Past, Present and Future
Author: Karl-Werner Schulte
Publisher: Springer Science & Business Media
Total Pages: 518
Release: 2012-12-06
Genre: Business & Economics
ISBN: 146150869X

In recent years, growing attention has been focussed on real estate education. The objective of Real Estate Education Throughout The World: Past, Present and Future is to document the current status and perspectives of real estate education and the underlying research throughout the world. The intent is to inform students, academics and practitioners about the situation in the widest possible range of countries and to provide a foundation for the future of the real estate discipline. The structure of this monograph follows the organisation of the world-wide network of real estate societies. In Part 1, Stephen E. Roulac sets the framework for the other contributions. Part 2 contains 20 chapters that examine real estate education in Europe. Part 3 consists of two articles covering North America. Part 4 includes two chapters dealing with Latin America. In Part 5, 8 countries in Asia are examined. Part 6 contains two chapters covering the Pacific Rim. Finally, Part 7 focuses on Africa. This collection of papers is unique, in the sense that 50 authors have contributed to the monograph and 37 countries or regions in total are covered. The editor does not know of any comparable book.

Megatrends and Their Consequences for German Real Estate

Megatrends and Their Consequences for German Real Estate
Author: Michail Farmakis
Publisher: GRIN Verlag
Total Pages: 73
Release: 2010-06
Genre: Business & Economics
ISBN: 3640642082

Bachelor Thesis from the year 2010 in the subject Business economics - Miscellaneous, grade: 1,3, European Business School - International University Schlo Reichartshausen Oestrich-Winkel (Real Estate Management Institute), language: English, abstract: At the beginning of 2009, the owner of the Empire State Building unveiled his plan to "go green". The world famous skyscraper was completed in 1931 in New York, USA. The Art Deco building is currently in the midst of a $500m renovation, where $100m of these funds are designated for the green initiative. The green renovations are expected to decrease energy expenditures by 38 percent or $4.4m annually (Jonas, 2009). The example of the Empire State Building is not unique, since increased environmental awareness has affected nearly every industry. Companies across all industries and nations have launched green initiatives in order to improve their environmental performance and in response to the expressed concerns regarding their immediate environment. Currently, corporations compete to adopt and implement sustainable policies. Particularly the role of the real estate industry in reducing the environmental burden is considered to be the most important, as this industry is one of the largest emitters of harmful chemical substances and a major user of natural resources (Nelson, 2007, p. i). However, it is not enough to consider only the ecological aspects of real estate. This is because real estate, as a commodity, has an enormous economical impact. Other dimensions including economic and social aspects must also be examined. The term sustainability unites the three relevant dimensions. Over the last 20 years, bringing environmental protection to the same level as economic development and social concerns, sustainability has become a worldwide guiding principle. Sustainable development takes the future of mankind into account (Grunwald & Kopfmüller, 2006, p. 7). In the context of global challenges, sustainability mean

Real Estate Valuation Theory

Real Estate Valuation Theory
Author: Ko Wang
Publisher: Springer Science & Business Media
Total Pages: 441
Release: 2012-12-06
Genre: Business & Economics
ISBN: 1461509092

Real Estate Valuation Theory is organized around five categories of intellectual contribution to the whole-appraiser decision making and valuation accuracy, application of nontraditional appraisal techniques such as regression and the minimum-variance grid method, appraising contaminated property, ad valorem tax assessment, and new perspectives on traditional appraisal methods. One common thread is that all of the papers are exceptionally well written and thought provoking.

Indigenous Peoples and Real Estate Valuation

Indigenous Peoples and Real Estate Valuation
Author: Robert A. Simons
Publisher: Springer Science & Business Media
Total Pages: 303
Release: 2009-01-07
Genre: Business & Economics
ISBN: 0387779388

Sponsored by the American Real Estate Society (ARES), Indigenous Peoples and Real Estate Valuation addresses a wide variety of timely issues relating to property ownership, rights, and use, including: ancestral burial, historical record of occupancy, treaty implementation problems, eminent domain, the effects of large governmental change, financing projects under formal and informal title or deed document systems, exclusive ownership vs. non-exclusive use rights, public land ownership, tribal or family land claims, insurgency and war, legal systems of ownership, prior government expropriation of lands, moral obligation to indigenous peoples, colonial occupation, and common land leases. These issues can also be broadly grouped into topics, such as conflict between indigenous and western property rights, communal land ownership, land transfer by force, legacy issues related to past colonization and apartheid, and metaphysical/indigenous land value.

Ethics in Real Estate

Ethics in Real Estate
Author: Stephen E. Roulac
Publisher: Springer Science & Business Media
Total Pages: 330
Release: 2013-04-17
Genre: Business & Economics
ISBN: 1475729952

ethics." Certainly our industry is bound by the formal constraints of law in national, state, and local jurisdictions. What this volume reminds us, however, is that those laws are only as good as the personal "sea of ethics" in which each of us operates. THE ETHICS OF PROPERTY INVOLVEMENTS Stephen E. Roulac The Roulac Group San Rafael, California and Visiting Professor University of Ulster Ethical considerations are a dominant theme in the management literature. As "Ethics and ethical issues surround our liver, ... ethics has become one of the most rapidly growing areas of management research, with over 800 articles and 1,400 books appearing since 1990" (Schminke, Ambrose, and Miles, 1998). Compared to business and business management,however, the research and writing on real estate in an ethics context is in the very early stages of development. The lack of a developed literature on ethics in real estate is reflected in the response by one highly placed executive to my solicitation for funding to support the publication of this volume: "I didn't know there were any ethics in real estate!" Fortunately, the Summa Corporation and the Amer ican Real Estate Society believe in the importance of ethics in real estate, for their cosponsorship has made possible this special monograph on the subject of Ethics in Real Estate. The support of the Summa Corporation and the American Real Estate Society of this pioneering volume is warmly and appreciatively acknowledged.