Business Commons^™

In Brownsville, A Struggle For Revitalization Without Displacement, Katherine Warren

Capstones

As many parts of Brooklyn buzz with a startling rate of economic resurgence, Brownsville seems like a neighborhood left behind.

Struggling with poverty, poor health statistics, unemployment and high crime rates, and with the highest concentration of public housing in the city, it has not seen the same commercial and real estate revival as Williamsburg, Bushwick, Crown Heights and other areas of Brooklyn.

“In Brownsville, which has had challenges battling negative perceptions of this community, most of the residents are lower income and investors in the past have deemed this community as not being as good as an investment as …

Kushner Companies Questionable Business Practices Are Another Dent For The Trump Administration, Teddy Grant

Capstones

While investigators from special prosecutor Robert Mueller zero in on Jared Kushner's role in the alleged collusion between the Russian government and the Trump campaign, the real estate company of President Trump's son-in-law is mired in increasingly serious financial and legal problems which could upend the business.

https://medium.com/@teddygrant/kushner-companies-questionable-business-practices-are-another-dent-for-the-trump-administration-6e0ac0d6320e

Center For Real Estate Quarterly, Volume 11, Number 4, Portland State University. Center For Real Estate

Center for Real Estate Quarterly

Table of Contents:
-- Hospitality Market by Sondra Storm
-- Portland Housing Market and 2018 UGB by Gerard Mildner
-- State of the Economy by Andrew Crampton
-- Housing Market Analysis by Jon Legarza
-- Office Market Analysis by Riley Henderson
-- Industrial Market Analysis by Andrew Crampton
-- Retail Market Analysis by Riley Henderson

Housing Diversity In Children’S Literature, Carla Earhart

Charleston Library Conference

Previous studies have examined diversity in children’s literature: Gender diversity, racial diversity, religious diversity, and diversity in family composition. This project examines an often overlooked diversity issue in children’s literature: Housing diversity. In the stories they read and the accompanying images, children need to see a variety of housing environments and need to see the settings and the people portrayed in a positive manner.

Renting an apartment is an increasingly popular housing option for many families. However, many children’s books glamorize living in a traditional house. Using a rubric designed by the course instructor, students in a university immersive learning …

Improving Engagement Of Construction Industry Firms In Apprenticeship Training In A Post-Recession Economy, Eoghan Ó Murchadha, Roisin Murphy

Conference papers

The Irish economy is currently experiencing a recovery phase following a ‘lost decade’ of growth due to the severe economic downturn of 2007. While the construction industry in Ireland is recording increased output, and improving rates of employment, in the vital economic and labour market sector of apprenticeship there is a significant lack of engagement. Without employer buy-in to apprenticeship training, there exists potential future skills gaps and lack of efficacy of the construction industry. This increasingly likely possibility is disquieting, not just for the possible impact upon the future of apprenticeship but also for the Irish economy as a …

Virginia Homeowners Handbook: Helping Homeowners Prepare For Hurricanes And Other Natural Hazards, Jon Cawley

News Items

No abstract provided.

Transforming The Mortgage Sub-Sector Using The Fss 2020 Platform, Patrick E. Aririguzo

Bullion

This paper examines the Mortgage sector of FSS2020 Strategy document which falls within the category of the drivers of the FSS2020 Strategy implementation blueprint. FSS2020 Mortgage: Vision and Mission. The paper further explores the Strategic Objectives of FSS2020 Mortgage Sector and the Transformational Programmes which includes: Ml - Establish a secondary mortgage market; M2 - Attract affordable international credit to fund affordable housing programmes; M3 - Advocate for mortgage ready and affordable housing. Three Transformational Programmes were designed to support the realization of the three objectives of the Mortgage Sector namely: TPl - Establishment of Mortgage Refinancing Companies (MRC) TP2 …

Decision Modeling For Housing And Community Development: A Methodology For Evidence-Based Urban And Regional Planning, Michael P. Johnson Jr.

Michael P. Johnson

Fundamental Drivers Of Dependence In Reit Returns, Jamie Alcock, Eva Steiner

Eva Steiner

We analyse the empirical relationships between firm fundamentals and the dependence structure between individual REIT and stock market returns. In contrast to previous studies, we distinguish between the average systematic risk of REITs and their asymmetric risk in the sense of a disproportionate likelihood of joint negative return clusters between REITs and the stock market. We find that REITs with low systematic risk are typically small, with low short-term momentum, low turnover, high growth opportunities and strong long-term momentum. Holding systematic risk constant, the main driving forces of asymmetric risk are leverage and, to some extent, short-term momentum. Specifically, we …

Unexpected Inflation, Capital Structure And Real Risk-Adjusted Firm Performance, Jamie Alcock, Eva Steiner

Eva Steiner

Managers can improve real risk-adjusted firm performance by matching nominal assets with nominal liabilities, thereby reducing the sensitivity of real risk-adjusted returns to unexpected inflation. The Net Asset Value (NAV) of US equity Real Estate Investment Trusts (REITs) serves as a good proxy for nominal assets and accordingly we use a sample of US REITs to test our hypothesis. We find that for the firms in our sample: (i) their real, risk-adjusted performance, and (ii) their inflation hedging qualities are inversely related to deviations from this “matching-nominals" argument. In addition to providing managers with a vehicle to maximise real, risk-adjusted …

Center For Real Estate Quarterly, Volume 11, Number 3, Portland State University. Center For Real Estate

Center for Real Estate Quarterly

Table of Contents:
--Design Review Update by Kristina Benson
-- The State of the Economy by Sydney Bowman
-- Residential Market Analysis by Jon Legarza
-- Multifamily Market Analysis by Carlo Castoro
-- Office Market Analysis by Riley Henderson
-- Industrial Market Analysis by Sydney Bowman
-- Retail Market Analysis by Riley Henderson

A Cross-Sectional Exploration Of Household Financial Reactions And Homebuyer Awareness Of Registered Sex Offenders In A Rural, Suburban, And Urban County., John Charles Navarro

Electronic Theses and Dissertations

As stigmatized persons, registered sex offenders betoken instability in communities. Depressed home sale values are associated with the presence of registered sex offenders even though the public is largely unaware of the presence of registered sex offenders. Using a spatial multilevel approach, the current study examines the role registered sex offenders influence sale values of homes sold in 2015 for three U.S. counties (rural, suburban, and urban) located in Illinois and Kentucky within the social disorganization framework. Homebuyers were surveyed to examine whether awareness of local registered sex offenders and the homebuyer’s community type operate as moderators between home selling …

The Portland Innovation Center, Rully Adisuryo, Melissa Beh, Yan Zhang, Jamison Loos, Ben Summers, Andrew Crampton, Conner Dowling

Real Estate Development Workshop Projects

The following report is our development program for the 2.17 – acre site in the Central Eastside Industrial District currently owned by Prosper Portland. Our proposal consists of three half blocks housing a CLT building and dual-block office hub named Portland Innovation Center. We believe this unique site can be molded into a next-generation “factory” becoming ground zero for creative collaboration and product development on the Eastside while producing solution-oriented ideas and citywide connections.

God-Willing Development Plan, Willing Company & St. Michael The Archangel Blocks, Paul Hutchins, Daniel Mandel, Dawson Marchant, Scott Miller, Ryan Sturley, David Wilkes

Real Estate Development Workshop Projects

This development plan is the product of the Real Estate Development Workshop and represents the culmination of all knowledge gained by the authors while students in the Master of Real Estate Development program at Portland State University. Three months of work involving research, expert consultations, and extensive discussion were performed to determine the best use for two subject parcels in Downtown Portland.

The Tension Between Monetary Policy And Financial Stability: Evidence From Agency Mortgage Reits, W. Scott Frame, Eva Steiner

Eva Steiner

The prolonged use of unconventional monetary policies since the financial crisis has resulted in concerns about the potential for such policy accommodation to undermine financial stability. Recent research identifying a “risk-taking channel” of monetary policy suggests that rapidly growing shadow banking organizations are of particular concern. In this paper, we study Agency mortgage REITs (Agency MREITs), which are specialized, tax-exempt financial institutions, whose rapid growth raised systemic risk concerns by the Financial Stability Oversight Council. After controlling for key variables that drive the Agency MREIT business (level, slope, and expected volatility of the term structure as well as the mortgage …

Reit Capital Structure: The Value Of Getting It Right, Eva Steiner

Eva Steiner

An analysis of the capital structure of commercial real estate investment trusts finds that the strongest REITs overall tend to employ lower leverage and longer debt maturity, maintain larger proportions of fixed-rate debt, rely less on secured debt, have a greater line of credit capacity but use it less, and hold smaller cash reserves. The REITs’ strength is measured by Tobin’s q, which expresses the ratio of the market value of assets relative to their book value. The study examines yearly data for the years 1993 through 2013 for 137 REITs based in the United States and the years 2001 …

Capital Expenditures, Asset Dispositions, And The Real Estate Cycle, Brent W. Ambrose, Eva Steiner

Eva Steiner

Recent empirical research provides evidence on the asset disposition choices of individual and institutional real estate investors that is consistent with the `disposition effect'. We propose a value-add investment strategy as an alternative rational explanation for the observed patterns in disposition choices. The main value-add mechanism in real estate investment is capital expenditures. However, capital expenditure investment is a real option whose exercise depends on its moneyness, which is a function of the economic environment. Therefore, we study the links between economic conditions, building-level capital expenditures, and subsequent transactions throughout the real estate cycle. We present empirical evidence consistent with …

I. M. Pei, William Zeckendorf, And The Architecture Of Urban Renewal, Marci M. Clark

Dissertations, Theses, and Capstone Projects

This dissertation reevaluates the practice of design and real estate in the United States through an insufficiently understood case study of the architect-developer team of I. M. Pei and William Zeckendorf and their twelve-year partnership in urban renewal. William Zeckendorf (1905-1976) was the most ambitious real estate developer in the United States in the 1950s, with an outsize personality and larger-than-life plans. Unlike most developers of the era, Zeckendorf believed that quality design and visionary planning were critical to remaking city cores through urban renewal. To accomplish this, he hired I. M. Pei (b. 1917), a talented, young designer out …

Scholarly Pursuits: Minimum Wage Hikes = Automation = Fewer Jobs? No So, Study Says; The 606 Trail Raises Home Prices And Affordability Concerns

Business Exchange

A study of minimum wage increases found that they expedite the automation of low-wage jobs but that there was growth in other types of low-wage employment related to this automation.

A study by the Institute for Housing Studies found that homebuyers are paying more to be near Chicago's Bloomingdale Trail, also know as The 606, a linear park on the city's Northwest Side.

Center For Real Estate Quarterly, Volume 11, Number 2, Portland State University. Center For Real Estate

Center for Real Estate Quarterly

Table of Contents:
--Impact of System Development Charges by Suzannah Stanley (p. 5-16)
-- State of the Economy by Andrew Crampton (p. 17-21)
-- Residential Market Analysis by Jon Legarza (p. 22-42)
-- Multifamily Market Analysis by Carlo Castoro (p. 43-55)
-- Office Market Analysis by Melissa Beh (p. 56-63)
-- Industrial Market Analysis by Andrew Crampton (p. 64-68)

A Multi-Period Facility Location Model For Service Organizations Operating In A Competitive Environment., Sven W. Brose

Electronic Theses and Dissertations

This thesis develops a multi-period, mathematical programming location model for facilities operating in a competitive environment. The objective is to maximize the profit in a variable demand environment. The solution of the problem can either be done in a robust or in a dynamic manner. A robust solution methodology forecasts the demand for all the periods in the planning horizon and provides a robust solution that may be suboptimal for any given period, but optimal when all the periods are taken into consideration. A problem with this approach is that it requires accurate forecast of demand for multiple periods into …

How Much Is That Farm Really Worth—A Comparison Of Three Land Purchase Decision Tools, William M. Edwards

Journal of Applied Farm Economics

Volatile markets for farmland have created interest in tools that can help analyze land investments (Zimmermann, 2014). Extension specialists in several states have created some valuable decision aids that have been utilized by prospective investors, rural appraisers and real estate brokers. Agricultural educators can also use them for teaching the principles of real estate valuation.

Among the land purchase decision aids that are currently available are KSU-Landbuy from the AgManager.info website at Kansas State University (Dhuyvetter & Kastens, 2013), Farmland Purchase Analysis from the Ag Decision Maker website at Iowa State University (Edwards, 2015), and Land Purchase Analysis from the …

Housing Price Models For Essex County Massachusetts, Steven Bourque

Honors Senior Capstone Projects

This paper analyzes indicators of local median housing prices in the Essex County, Massachusetts area. The housing market is a significant sector of the United States economy and therefore it is important to develop models, which can predict and identify movements in their prices. This paper contains an overview of housing price indexes and provides a short overview of previous housing price studies. Two models, based on 2010 to 2015 data, are presented and analyzed. The specification of each model was driven by possible variables that might affect housing price and availability of data. For example a subset of communities, …

The Subprime Mortgage Collapse And Its Effects On The Economy, Joseph Krmpotich

Senior Honors Theses

The subprime mortgage crisis occurred due to a number of factors. Included in these factors were the issuance of subprime loans, the securitization of mortgages in the investment banking system, and the deregulation and ultimate failure of the shadow banking system. These causes were evident in both historical trends in the stock market as well as the macroeconomic data leading into the crash. They were perpetuated by investors, mortgage brokers, and banks taking on an abnormal amount of risk in the early 2000s for both psychological and behavioral reasons. These causes, while less than obvious at the time, have, with …

Ethnic Social Network In Public Housing Market In Singapore, Sumit Agarwal, Hyunsoo Choi, Jia He, Tien Foo Sing

Research Collection Lee Kong Chian School Of Business

This paper investigates the ethnic social network in Singapore's resale public housing market using a unique dataset containing the Cash-Over-Valuation (COV) information for a sample of 73,107 resale public housing transactions from 2007 to 2012. We find that the COV per square meter (psm), which represents a premium above the "objective" housing value, significantly increases with the concentration of buyers' own ethnic group at a housing block level. The results imply that buyers value housing blocks with higher concentration of the same ethnicity group of households. However, the convexity in COV premium suggests that the premium is too large to …

Avondale, Telfair Stockton, E V. Toomer

City and Regional Planning -- Florida

A copy of a brochure detailing Avondale history and real estate options. Likely from the 1920's

The Exchange At Coquitlam Central, Brock Argyropoulos, Jennifer Arnold, Analise Baarstad, Kalin Berger, Alex Joyce, Samuel Leeding, Christine Pellissier, Lisa Young

Real Estate Development Workshop Projects

The Exchange at Coquitlam Central is be a transformative and innovative development project involving over 14-acres of prime real estate located in the heart of the Tri-Cities submarket. As a major transportation hub for the Millennium Line, newly-opened Evergreen Line, and regional bus mall, the site is well positioned to become an amenity-rich community with robust opportunities for residents and commuters to live, work, and play.

This multi-phased development will feature a modern, full-service health club, state-of-the-art entertainment center, and first-class specialty grocer. These anchors, along with a thoughtfully-curated mix of smaller merchants, employment-generating office space, and best-in-class residential product …

Determinants Of Urban Land Supply In China: How Do Political Factors Matter?, Wen-Tai Hsu, Xiaolu Li, Yang Tang, Jing Wu

Research Collection School Of Economics

This paper explores two political factors for their potential effects on urban land supply in China: corruption, and competition for promotion. We find that standard urban economic predictions hold in the sense that both population and income increases are strongly significant determinants for the increase in urban land supply. Conditional on these demand-side factors, we find that the usage of two-stage auctions (as a proxy for corruption) is highly correlated with the increase in land supply. The corruption effects are strongest for commercial land, followed by residential land and then industrial land. To shed light on the competition motives among …

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

Sebastien J Bradley

Subprime Mortgage Lending As It Relates To The 2007-2009 Financial Crisis, Josiah Bardy

The Kabod

The 2007-2009 financial crisis was the worst recession in recent economic history. The financial crisis has been the subject of much academic scrutiny, and many authors have arrived at different conclusions concerning the cause of the crisis and the effects. One of the most interesting real estate investments occurred during the crisis: certain investors and organizations predicted the bursting of the housing bubble and shorted real-estate backed securities, yielding huge profit. This paper will explore the financial crisis as well as the concurrent short selling to gain better understanding of financial markets, economic bubbles and recessions, and real-estate backed securities.