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564 full-text articles. Page 1 of 16.

Of Property And Information, Abraham Bell, Gideon Parchomovsky 2015 University of San Diego

Of Property And Information, Abraham Bell, Gideon Parchomovsky

Faculty Scholarship

The property-information interface is perhaps the most crucial and under-theorized dimension of property law. Information about property can make or break property rights. Information about assets and property rights can dramatically enhance the value of ownership. Conversely, dearth of information can significantly reduce the benefit associated with ownership. It is surprising, therefore, that contemporary property theorists do not engage in sustained analysis of the property-information interface and in particular of registries — the repositories of information about property.

Once, things were different. In the past, discussions of registries used to be a core topic in property classes and a focal point ...


Second Quarter 2015: Hotel Deals Are Getting Harder To Pencil Out, Crocker H. Liu, Adam D. Nowak, Robert M. White Jr 2015 Cornell University School of Hotel Administration

Second Quarter 2015: Hotel Deals Are Getting Harder To Pencil Out, Crocker H. Liu, Adam D. Nowak, Robert M. White Jr

Cornell Real Estate Market Indices

Hotel Investment based on operating performance has turned red. Our Economic Value Added (EVA) indicator shown in Exhibit 1 has turned negative, declining from -.6% (near zero; breakeven) to -1.8% in 2014Q1. What is more alarming is that the hotel cap rate (5.7%) is approximately equal to the cost of debt financing (5.6%) for hotels financed by large life insurance companies, as shown in Exhibit 2. Intuitively, the cap rate represents the return on hotel properties assuming all-equity financing. The use of debt financing is used to magnify the return to hotel properties. For positive leverage (return ...


Corruption: Case Studies Of Vietnam And Italy, Thuy-Tien T. Vo 2015 University of Washington - Tacoma Campus

Corruption: Case Studies Of Vietnam And Italy, Thuy-Tien T. Vo

Global Honors Theses

Corruption is morally and legally wrong. Despite many governmental policies and strategies designed to combat corruption, it still persists in most parts of the world. To understand why corruption is so persistent and pervasive, it is necessary to recognize the perceptions of the beneficiaries and victims of the issue and to comprehend the extent to which cultural biases influence individuals’ decisions to give in to corruption. Acquiescence to dishonest and fraudulent behavior can foster political corruption in many countries. Vietnam and Italy were selected as case studies for this paper. Using the case studies of these two different countries will ...


A Royal Problem: Planning Induced Supply Constraints In London, Elizabeth P. Armstrong 2015 Lawrence University

A Royal Problem: Planning Induced Supply Constraints In London, Elizabeth P. Armstrong

Lawrence University Honors Projects

We explore the impact of regulatory supply constraints on house price levels following boom and bust periods in London. We hypothesize that when regulatory restrictiveness increases during a boom period, house prices will be higher in the following year compared to house prices in less restricted areas. We also hypothesize that when regulatory restrictiveness increases during a bust period, house prices will be lower in the following year compared to house prices in less restricted areas. We empirically test our hypothesis using a multilevel mixed-effects model with a panel data set of 32 boroughs of London, ranging from 2001 to ...


This Land Is Your Land, This Land Is My Land: A Case Study On Eminent Domain And Under Compensation, Annamaria Lookman 2015 Cornell University

This Land Is Your Land, This Land Is My Land: A Case Study On Eminent Domain And Under Compensation, Annamaria Lookman

Cornell Real Estate Review

The Fifth Amendment of the United States Constitution states “private property [shall not] be taken for public use, without just compensation.” Land is deemed viable for eminent domain when it will be used by the public or if the public will have the opportunity to use the property taken. Such uses can include public access for a post office, airport or highway1. Since its inception there is often debate about the interpretation of just compensation. Both federal and state constitutions have a public use clause, however not all states have a just compensation clause.


Cover, Cornell Real Estate Review Editorial Board 2015 Cornell University

Cover, Cornell Real Estate Review Editorial Board

Cornell Real Estate Review

No abstract provided.


Letter From The Editors, Dan Gualtieri, Nicholas Martinez, Clayton Roach 2015 Cornell University

Letter From The Editors, Dan Gualtieri, Nicholas Martinez, Clayton Roach

Cornell Real Estate Review

[Excerpt] We are excited and honored to present the 13th Volume of the Cornell Real Estate Review, a student edited and managed publication with oversight from faculty in the Baker Program in Real Estate at Cornell University. A continuation of the tradition of thought leadership in real estate, the Review strives to promote practical learning and introduce readers to new concepts and practices. As editors, it is our duty to join scholarly discourse with professional applicability and to create a publication that reflects the values of the Baker Program in Real Estate.


Table Of Contents, Cornell Real Estate Review Editorial Board 2015 Cornell University

Table Of Contents, Cornell Real Estate Review Editorial Board

Cornell Real Estate Review

No abstract provided.


Foreword, David Funk 2015 Cornell University

Foreword, David Funk

Cornell Real Estate Review

[Excerpt] Welcome to the 2015 edition of the Cornell Real Estate Review (CRER), a publication that features practical, applied research interspersed with commercial real estate cases and industry awards relied upon by our readers. The Cornell Real Estate Review, similar to the Law Review structure found in most US Law Schools, is edited and managed by graduate students in the two-year Cornell University Baker Program in Real Estate who serve as the managerial and editorial staff with Cornell faculty oversight. Selection as editor of the Cornell Real Estate Review is the most prestigious honor available in the Baker Program in ...


Healthcare Reits And Their Operator Partnerships, Matt Gottlieb 2015 Cornell University

Healthcare Reits And Their Operator Partnerships, Matt Gottlieb

Cornell Real Estate Review

Over the past 10 to 15 years the senior living industry has grown to become a $315 billion nationwide business. This has spurred the development of healthcare focused real estate investment trusts (REITs) and large-scale senior living operators (REOCs), thus, beginning to consolidate a fragmented industry. In contrast with other real estate sectors, the REITs and REOCs are aligned or partnered with each other due to the vital focus on operational capability. They are also partnered because growth in senior living requires acquisitions of existing senior living businesses. While the large-scale operators bring their managerial expertise, the REITs bring their ...


The Troubled Tower, Jason L. Spencer 2015 Cornell University

The Troubled Tower, Jason L. Spencer

Cornell Real Estate Review

[Excerpt] Buildings are constructed for certain purposes, and the buildings of today are more practical, from the standpoint of the man who is in them than the older buildings. […] We are considering effort and convenience much more than appearance or effect.
-Raymond Hood, architect of Rockefeller Center

Roark looked across the river at the shell of the unfinished building on an unusually cold April morning in Metropolis. The building, originally designed to be the signature property of an elite hotel company, sat partially finished on the south bank of the Metropolis River. As Roark looked at the building, questions raced ...


Determining The Applicability Of 3d Concrete Construction (Contour Crafting) Of Low Income Houses In Select Countries, David Weinstein, Peter Nawara 2015 Cornell University

Determining The Applicability Of 3d Concrete Construction (Contour Crafting) Of Low Income Houses In Select Countries, David Weinstein, Peter Nawara

Cornell Real Estate Review

In addition to showcasing the significance of 3D concrete printing technology, this report seeks to analyze what factors would inhibit, allow for, or facilitate Contour Crafting’s success in select countries. Saudi Arabia and China would be the optimal countries to introduce Contour Crafting based on our Excel-based model that controls for variables related to wealth, size, likelihood to consume, and concrete consumption per capita. Further research on country-specific regulation fosters the hypothesis that Contour Crafting is more likely to succeed in Saudi Arabia than in China. Contour Crafting’s global investing strategy will likely be through a joint venture ...


Constitutional Constraints On Using Eminent Domain To Write-Down Underwater Mortgages, Jacob R. Shelton 2015 Cornell University School of Hotel Administration

Constitutional Constraints On Using Eminent Domain To Write-Down Underwater Mortgages, Jacob R. Shelton

Cornell Real Estate Review

Beginning in 2007, the U.S. economy was hit with a series of damaging financial blows, the negative repercussions of which still affect Americans today. In years prior thereto, various economic and political factors worked in unison to artificially inflate the selling price of residential homes within many U.S. markets.1 When the market could stand no more inflation, the metaphorical bubble burst, sending the banking, investment, and mortgage industries into a downward tailspin.


Asian Capital Investing In Us Real Estate, Junwei (Eddie) Zhou 2015 Cornell University

Asian Capital Investing In Us Real Estate, Junwei (Eddie) Zhou

Cornell Real Estate Review

Asian capital investment in the United States real estate market is becoming increasingly popular. This article analyzes the patterns and preferences of Asian investors in the US real estate market by examining transaction history and aggregating consensus data to provide the reader an overview of the growing trend.


The Interconnectedness Between Home Builders And The Asian American Community, Gerd-Ulf Krueger, Scott Laurie 2015 Cornell University School of Hotel Administration

The Interconnectedness Between Home Builders And The Asian American Community, Gerd-Ulf Krueger, Scott Laurie

Cornell Real Estate Review

California’s ethnic and cultural diversity has always influenced its housing market, lifestyle, and business investments. A great example of this is the increasing Asian-American demand for new housing in the Los Angeles Basin. Using The Olson Company as an example, this article investigates the interconnectedness and mutual influence between home builders and the Asian-American community. We will present demographic trends showing how the tenfold increase of Asian-Americans in California since 1960 has dynamically influenced Southern California’s inner and outer suburbs. Combined with an analysis of the Asian-American buyer profile from The Olson Company‘s home sales in Southern ...


Can Short-Term Rental Arrangements Increase Home Values? A Case For Airbnb And Other Home Sharing Arrangements, Jamila Jefferson-Jones 2015 Cornell University

Can Short-Term Rental Arrangements Increase Home Values? A Case For Airbnb And Other Home Sharing Arrangements, Jamila Jefferson-Jones

Cornell Real Estate Review

The sharing economy or “new economy”1 has redefined consumption in the housing context in a manner that impacts traditional notions regarding home values and neighborhood integrity. Housing sharing allows owners to share some of the benefits of property ownership – namely use and enjoyment2 – while shifting some of the burdens of ownership – particularly, the economic burdens. With the advent of the sharing economy, there is a brewing conflict between this new economy and the realities of economic regulation. Thus, in the housing context, we see this conflict playing out in the tension between growing patterns of home sharing and ...


When Private Property Rights Collide With Growth Management Legislation, Steve P. Calandrillo, Chryssa V. Deliganis, Andrea Woods 2015 University of Washington School of Law

When Private Property Rights Collide With Growth Management Legislation, Steve P. Calandrillo, Chryssa V. Deliganis, Andrea Woods

Cornell Real Estate Review

Over the past century, ever-expanding urban and suburban growth in the United States has offered a clear sign of America’s economic vitality, but it has not come without unique challenges of its own. Indeed, efforts to promulgate “smart growth” legislation as an antidote to suburban “sprawl” have proliferated in the past three decades, but it is time we ask ourselves whether their benefits outweigh their unintended consequences. States and local governments that once enthusiastically touted such legislation are beginning to confront unforeseen obstacles – and litigation – that raise the need for immediate reform. This Article explores the impact of growth ...


Heir Property In The African American Community: From Promised Lands To Problem Lands, Roy W. Copeland 2015 Langdale College of Business Administration, Valdosta State University

Heir Property In The African American Community: From Promised Lands To Problem Lands, Roy W. Copeland

Professional Agricultural Workers Journal

Abstract

African American landowners have been reluctant to take advantage of intergenerational succession laws which provide for an orderly transfer of property from one generation to the next. This reluctance has led to a prevalence of heir property. Heir property is created when a person dies intestate. Heir property has created an impediment to wealth accumulation and has contributed to African American land loss in America. Partition actions are a byproduct of heir property which has operated to accelerate the loss of real property in the African American community. The Uniform Partition of Heir Property Act provides for procedural safeguards ...


Inattention To Deferred Increases In Tax Bases: How Michigan Homebuyers Are Paying For Assessment Limits, Sebastien J. Bradley 2015 Drexel University

Inattention To Deferred Increases In Tax Bases: How Michigan Homebuyers Are Paying For Assessment Limits, Sebastien J. Bradley

Sebastien J Bradley

The Michigan property tax system gives rise to wide variation in taxable basis across comparable homes due to the application of acquisition-value based assessment limits. Exploiting the fact that the resulting differences in property tax liability are temporarily inherited by new homebuyers, I estimate the degree of capitalization of these largely-idiosyncratic tax differences in a setting free of many of the econometric problems that typically plague estimation of property tax capitalization in order to evaluate whether homebuyers understand the tax implications of their home purchases. Consistent with anecdotal evidence, I find that homebuyers are woefully inattentive to the temporary nature ...


Center For Real Estate Quarterly, Volume 9, Number 2, Portland State University. Center for Real Estate 2015 Portland State University

Center For Real Estate Quarterly, Volume 9, Number 2, Portland State University. Center For Real Estate

Center for Real Estate Quarterly

Table of Contents:
--Oregon's Marijuana Future by A. Synkai Harrison and Carly Harrison (p. 5-18)
--The State of the Economy by Carly Harrison (p. 19-25)
--Residential Market Analysis by Clancy Terry (p. 26-47)
--Multifamily Market Analysis by Clancy Terry (p. 48-55)
--Office Market Analysis by A. Synkai Harrison (p. 56-62)
--Industrial Market Analysis by A. Synkai Harrison (p. 63-68)
--Retail Market Analysis by A. Synkai Harrison (p. 69-74)


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