Real Estate Commons^™

Mountain Monitor-3rd Quarter 2011, Mark Muro, Kenan Fikri

Mountain Monitor Quarterly

Economic recovery in the Intermountain West’s major metropolitan areas edged forward in the third quarter of 2011, after idling for much of the year. Nationally, high technology and automotive-oriented metros showed the strongest signs of recovery; in the Intermountain West, manufacturing-intensive and technology-oriented metros had the strongest quarter. Employment and output grew in most metropolitan areas, and the unemployment rate fell throughout the region. At the same time, the housing market freefall came to an end—or at least paused—across most of the region, as home prices ticked upwards for the first time since the Monitor began tracking recession and recovery. …

Center For Real Estate Quarterly, Volume 5, Number 4, Portland State University. Center For Real Estate

Center for Real Estate Quarterly

Table of Contents:
--Summary and Editorial by Eric Fruits (p. 2-4)
--Shaping the City: Portland, Oregon, 1841-2011, by Chet Orloff (p. 5-22)
--Residential Market Analysis by Evan Abramowitz (p. 23-46)
--Multifamily Market Analysis by Evan Abramowitz (p. 47-53)
--Office Market Analysis by David West (p. 54-63)
--Retail Market Analysis by David West (p. 64-70)
--Industrial Market Analysis by David West (p. 71-76)

The State Of The Region: Hampton Roads 2011, James V. Koch, Vinod Agarwal, Christopher B. Colburn, Vicky Curtis, Steve Daniel, Susan Hughes, Elizabeth Janik, Feng Lian, Sharon Lomax, Janet Molinaro, Ken Plum, Jim Sylvester, Ayush Toolsidass, Shara Weber, Gilbert Yochum

Economics Faculty Books

This is Old Dominion University's 12th Annual State of the Region report. While it represents the work of many people connected in various ways to the university, the report does not constitute an official viewpoint of Old Dominion or it's president, John R. Broderick. The report maintains the goal of stimulating thought and discussion that ultimately will make Hampton Roads an even better place to live. We are proud of our region's many successes, but realize that it is possible to improve our performance. In order to do so, we must have accurate information about "where we are" and a …

Understanding The Decline Of Sales Of Destination Club Products, Heidi Goetz

UNLV Theses, Dissertations, Professional Papers, and Capstones

Purpose:

The purpose of this paper is to identify and confirm factors leading to the decline of sales of Ritz-Carlton Destination Club products.

Center For Real Estate Quarterly, Volume 5, Number 3, Portland State University. Center For Real Estate

Center for Real Estate Quarterly

Table of Contents:
--Summary and Editorial by Eric Fruits (p. 2-4)
--LEED Certification, Property Taxes, and Land Use, by Steven Del Percio (p.5-8)
--Residential Market Analysis by Evan Abramowitz (p. 9-29)
--Multifamily Market Analysis by Evan Abramowitz (p. 30-36)
--Office Market Analysis by David West (p. 37-45)
--Retail Market Analysis by David West (p. 46-51)
--Industrial Market Analysis by David West (p. 52-56)

Ua3/9/2 Market Demand Study & Statement Of Estimated Annual Operating Results, Wku President's Office - Ransdell

WKU Administration Documents

Marketing report created by PKF Consulting firm regarding the tax increment financing district of Bowling Green.

The Benson Blocks, Suvi Wesa, Evan Abramowitz, Kyle Brown, Jennifer Hanna, Chris Longfield, Karen Reeves

Real Estate Development Workshop Projects

Portland State University's Center for Real Estate students produce a development plan for a property site in Portland known as the Benson Blocks. Their task was to produce an original development plan, including the development concept, market analysis, conceptual design, economic analysis, capital and operations budget, and management plan. The students' plan demonstrates and applies mastery of the development concepts and tools learned through their real estate certificate coursework.

Is There A Link Between Money Illusion And Homeowners' Expectations Of Housing Prices?, Lucy F. Ackert, Bryan K. Church, Narayanan Jayaraman

Faculty Articles

Money illusion is a behavioral bias in which a person thinks in terms of nominal rather than real values. This article reports homeowners' responses to a survey designed to measure the extent of money illusion as well as homeowners' expectations regarding home valuations. Our survey respondents suffer from money illusion, yet they have reasonable expectations of home prices. Our analysis did not identify any unique individual characteristic that correlates with homeowners' choices and suggests that the relationship between money illusion and mispricing is subtle and multifaceted.

Warning System For Property Bubbles, Jun Yu, Peter C. B. Phillips

Research Collection School Of Economics

A commentary on what constitutes a sound system to warn against property bubbles.

Center For Real Estate Quarterly, Volume 5, Number 2, Portland State University. Center For Real Estate

Center for Real Estate Quarterly

Table of Contents:
--Summary and Editorial by Eric Fruits (p. 2-4)
--Real Estate Cycles: They Exist and are Predictable by Christopher Lee (p. 5-11)
--The Coming Mini-Boom in Real Estate by Bill Conerly (p. 12-14)
--The FASB 13 Accounting Rule and Real Estate by Brian Owendoff (p. 15-20)
--Smart Growth Policies and Carbon Emissions by Todd Litman (p. 21-30)
--Residential Market Analysis by Ngan Nguyen (p. 31-52)
--Multifamily Market Analysis by Ngan Nguyen (p. 53-59)
--Office Market Analysis by David West (p. 60-68)
--Retail Market Analysis by David West (p. 69-74)
--Industrial Market Analysis by David West (p. 75-79)

Modeling The Contagion Effect Of Foreclosures Within The Real Estate Market By Use Of Agent-Based Modeling And Simulation, Marshall William Gangel

Computational Modeling & Simulation Engineering Theses & Dissertations

Over the last several years, the US financial and real estate markets have experienced a significant recession. During this downturn, the number of real estate foreclosures rose drastically. Recent studies have empirically demonstrated a reduction in real estate values due to foreclosures. The observed reduction in the average value of real estate properties has been labeled the foreclosure contagion effect. The foreclosure contagion effect impacts healthy neighboring properties that surround the foreclosed property as a function of time and distance.

This study uses an agent-based modeling and simulation (ABMS} approach to explore the contagion effect of foreclosures. For this research, …

Cross Border Business Cycle Impacts On El Paso Real Estate: 1970-2003, Gokce Kincal, Thomas M. Fullerton Jr., James H. Holcomb, Martha Patricia Barraza De Anda

Border Region Modeling Project

There is comparatively little empirical evidence regarding the impacts of cross border business cycle fluctuations on metropolitan housing markets located near international boundaries. This study examines the impacts of economic conditions in Mexico on sales of existing single-family houses in El Paso, Texas. Anecdotal evidence suggests that these impacts are fairly notable. Annual frequency data from The University of Texas at El Paso Border Region Modeling Project are used to test this possibility. Results indicate that solid empirical evidence of such a linkage is elusive and additional analysis is warranted.

Interview With Steven Ribeiro, Aldeia Development, 2011 (Audio), Steven Ribeiro

All Sustainability History Project Oral Histories

Interview of Steven Ribeiro by John Stephenson in Salem, Oregon on February 18th, 2011.

The interview index is available for download.

Center For Real Estate Quarterly, Volume 5, Number 1, Portland State University. Center For Real Estate

Center for Real Estate Quarterly

Table of Contents:
--Compact Development and Greenhouse Gas Emissions by Eric Fruits (p. 2-7)
--Center for Real Estate Alumni Profile: Alexandra Ionescu (p. 8-9)
--Office Market Analysis by David West (p. 10-20)
--Retail Market Analysis by David West (p, 21-26)
--Industrial Market Analysis by David West (p. 27-31)
--Multifamily Market Analysis by Ngan Nguyen (p. 32-39)
--Residential Market Analysis by Ngan Nguyen (p. 40-64)

Executive Compensation And Idiosyncratic Risk, Hum Nath Panta

Finance and Real Estate Dissertations - Archive

Executive compensation is a very heavily researched area in finance, accounting and management over the last three decades. However, there are several inconclusive issues. One of them is the relationship between idiosyncratic risk and executive compensation. Prior research findings on this issue are inconclusive. In this context, this dissertation analyzes the effects of idiosyncratic risk on executive compensation. This research seeks to discover and document the role of idiosyncratic risk on all top executive compensation, CEO compensation and non-CEO executive compensation. This study will begin with an extensive review of prior studies on executive pay to identify the determinants of …

No Exit? Trying To Salvage D&H Management Llc: Parts A And B, Herbert Sherman, Adva Dinur, Daniel James Rowley

New England Journal of Entrepreneurship

In this two-part case, Richard Davis and Stephen Hodgetts, co-owners of D&H Management LLC, are trying to come to terms with changes in the real estate market—changes that have made their rental homes worth less than their mortgages and at best yielding at most a break-even cash flow. In Part A Davis and Hodgetts are weighing the following options: (1) sell all of the properties, assume a loss (walk away with nothing), and avoid the negative cash flow; (2) walk away from all of the properties, assume a loss (walk away with nothing), and avoid the negative cash flow; (3) …

Dublin's Future: New Visions For Ireland's Capital City, Lorcan Sirr

Books/Book Chapters

This is a book about the future of Dublin. Its authors, styles, interests and of course visions are diverse and sometimes divergent. They represent the range of competing voices, dreams, influences and ideas that weave together in a constant battle of power, persuasion, aspiration and occasionally co-operation which en mass determine the future of any cit. Each individual chapter, not only in content, but also in style, is a reflection of the way different people and groups perceive the future and how it may be determined.

The Dogs Of The Dow In China, Carol Wang, James E. Larsen, M. Fall Ainina, Marlena L. Akhbari, Nicholas Gressis

Finance and Financial Services Faculty Publication

The unique institutional environment of China's stock markets provides a rich setting to study the relationship between investors‟ behavior and market returns in the case of information inefficiency. This study extends the well documented Dogs of the Dow (Dow Dogs) strategy to China's A share stock market. We find that Dow Dogs portfolios significantly outperform the market benchmark for the period of 1994 to 2009 in China's markets. Further analysis indicates that (1) The fewer Dogs included in the portfolio, the greater the portfolio abnormal returns; (2) In general, the shorter holding period (in months), the greater the portfolio abnormal …

Why The Dogs Of The Dow Bark Loudly In China, Carol Wang, James E. Larsen, M. Fall Ainina, Marlena L. Akhbari, Nicholas Gressis

Finance and Financial Services Faculty Publication

Problem statement: The Dogs of the Dow (Dow Dogs) strategy, which has gained widespread popularity in the U.S., is found to be considerably successful in China’s stock markets. This trading strategy contradicts the well-established efficient market hypothesis. Approach: This study examines the cross-sectional variations in the magnitude of the predictive power of the Dow Dogs strategy using Chinese stocks for 1994-2009. Results: Our results suggest that (1) Significant Dow Dogs effect apply to Class A shares, but not Class B shares; (2) Stocks priced between 1and1and5 demonstrate the strongest Dogs effect among all stock price ranges; (3) Changes in share …

The Role Of The Site Selector, Andrew H. Shapiro

South Carolina Journal of International Law and Business

No abstract provided.

The Lloyd 700 Superblock, Portland State University

Real Estate Development Workshop Projects

Portland State University's Center for Real Estate Students produce a development plan for a property site in the Lloyd District. Their task was to produce an original development plan, including the development concept, market analysis, conceptual design, economic analysis, capital and operations budget, and management plan.