Real Estate Commons^™

Point/Counterpoint: Is There A Case For Subsidizing Sports Stadiums?, Victor Matheson

Economics Department Working Papers

In recent decades, governments have committed enormous public resources to subsidize construction of new stadiums, and the dollar value of taxpayer contributions for these subsidies continues to climb. Spending of taxpayer dollars includes both direct subsidies from state and local governments, as well as indirect subsidies from the use of tax-exempt bonds to finance construction. In granting stadium subsidies, governments claim that the stadiums are a public good that attracts tourists and businesses, thereby generating increased spending and job creation—benefits that flow to the community rather than to team owners. But do such benefits exist, and are they large enough …

Strategic Sequential Bidding For Government Land Auction Sales – Evidence From Singapore, Sumit Agarwal, Jing Li, Ernie Teo, Alan Cheong

Research Collection School Of Economics

This paper studies the extent to which equilibrium auction prices are pushed up sequentially due to strategic bidding behaviors in government land auction sales. Using a unique dataset that covers the universe of tendering prices submitted by all developers for all residential land auction sales in Singapore, we find that a tenderer’s bids are significantly higher where there was a previous land parcel sold within two years and located within four kilometers. The elevated price margin decreases with time and geographic distance. Tracking sequential bids submitted by same developers over time, we find that the incumbent winner of a previous …

Potential Crime Risk And Housing Market Responses, Seonghoon Kim, Kwan Ok Lee

Research Collection School Of Economics

We study how information on local (dis)amenities is transmitted and manifested in housing markets. Using nationwide data on multifamily homes in South Korea, we analyze heterogeneity in the effect of a sex offender's presence on sale prices and rents of nearby homes. Our results demonstrate that the price effect of the offender's move-in varies significantly by spatial context. People react more strongly and persistently to the move-in of the offender in places wherein indicators of social connectedness are stronger, such as places with relatively low population density. We also find that, unlike housing prices, rents do not change in response …

The Impact Of In-House Unnatural Death On Property Values: Evidence From Hong Kong, Zheng Chang, Jing Li

Research Collection School Of Economics

The occurrence of in-house unnatural death could negatively affect the value of housing property. This study evaluates the geographic and temporal scope of the impact of unnatural death on property values in Hong Kong. By exploiting the spatial and intertemporal variation of the shock in a difference-in-differences approach, we find significant negative externalities of unnatural death incidence on neighborhood housing values. On average, units in which an unnatural death occurred experience a 25% drop in value following the death. Nearby units on the same floor also show a significant price drop of 4.5%. Prices of units on other floors of …

Special Meeting Information Packet, Wku Board Of Regents

Board of Regents Documents

Information packet:

• Property Transfer WKU to WKU Student Life Foundation, Inc.
• Boundary Line & Planimetric Survey Map of WKU campus
• New Parking Lot Concept Plan

Committee Meeting Agendas, Wku Board Of Regents

Board of Regents Documents

Committee meeting agendas and action items regarding

• Kelly Thompson Hall
• Agriculture & Food Science
• Strategic Sport Communications Graduate Certificate
• Emeriti appointments
• Comprehensive Academic Program Evaluation (CAPE)
• Named Rooms
• Property acquisition
• Personnel actions
• Salaries
• 2018-2019 FIrst Quarter Revenues / Expenditures
• Audit Report

Special Meeting Agenda, Wku Board Of Regents

Board of Regents Documents

Agenda for special called meeting regarding First Year Village.

Center For Real Estate Quarterly, Volume 12, Number 4, Portland State University. Center For Real Estate

Center for Real Estate Quarterly

Table of Contents:
-- Oregon Housing Underproduction and a Smart Growth Solution by Michael Wilkerson, Randall Pozdena, Madeline Baron, and Marley Buchman
-- Opportunity Zones by Deniz Arac
-- State of the Economy by Eric Fruits, PH.D.
-- Residential Market Analysis by Jennifer Volbeda
-- Multifamily Market Analysis by Deniz Arac
-- Office Market Analysis by Melissa Meagher
-- Industry Market Analysis: Guest Contributor by Mark Childs
-- Retail Market Analysis by Melissa Meagher

Could An Alternative Policy Design Have Produced A Stronger Mortgage Modification Outcome For Hamp?, Sean Macdonald

Publications and Research

This paper conducts a study of the relative effectiveness of the Home Affordable Modification Program (HAMP) - the primary federal mortgage loan modification program - from early 2009 through 2016. It evaluates U.S. Treasury Department and other data sources, and reviews the recent literature on the relative success of the program. The analysis suggests that HAMP’s success rate in modifying mortgage loans was likely constrained by its voluntary design, a structure that enabled lenders and servicers to prioritize the interests of investors in assessing the risks of modification. It then considers the economic issues surrounding the foreclosure issue and presents …

The Impact Of Single-Family Rental Reits On Regional Housing Markets: A Case Study Of Nashville, Tn, Ken Chilton, Robert Mark Silverman, Rabia Chaudhry, Chihaungji Wang

Public Administration Faculty Research

The U.S. Congress authorized the creation of real estate investment trusts (REITs) in 1960 so companies could develop publically traded real estate investment portfolios. REITs focus on commercial property, retail property, and rental property. During the last decade, REITs became more active in regional housing markets across the U.S. Single-family rental (SFR) REITs have grown tremendously, buying up residential properties across the country. In some regional housing markets, SFR REITs own noticeable shares of single-family homes. In those settings, SFR REITs take large numbers of housing units off of real estate markets where homeownership transactions occur and manage these properties …

Reflective Practice Series: Selected Instructional Models Using Synchronous Video Conferencing Software, Martin W. Sivula

MBA Faculty Conference Papers & Journal Articles

With the vast array of resources available to instructors, one would think that instruction and teaching would yield success for all learners. Now, well into the 21^st century has much changed in the classroom? Certainly, movable desks and chairs, advanced audio and visual equipment, and a plethora of all types of technologies which might be able to enhance training and education. Over the last several decades research on individualized instruction, cognitive science, educational psychology, and multimedia instruction (to name a few) have permeated the literature on instruction. With all the research and the vast array of studies on improving …

Optimal Portfolio Choices And The Determination Of Housing Rents Under Housing Market Uncertainty, Gang-Zhi Fan, Ming Pu, Xiaoying Deng, Seow Eng Ong

Research Collection Lee Kong Chian School Of Business

This study proposes a utility indifference-based model to investigate the pricing issue of house rents under housing market uncertainty. Our model not only allows for the crucial features in the housing market, such as market incompleteness and high idiosyncratic risk, but also the interaction of households’ house tenure choices with their financial asset holdings. Our model provides interesting insights into the hedging of house market risk and determination of housing rents. In addition to the parameters describing the expected changes and volatility on stock and house returns, we also show that individual precautionary savings motive, idiosyncratic risk premium, and the …

Hampton Roads Housing Prices Drop 5 Percent Following A Severe Weather Event, Says University Research, Betsy Hnath

News Items

No abstract provided.

Center For Real Estate Quarterly, Volume 12, Number 3, Portland State University. Center For Real Estate

Center for Real Estate Quarterly

Table of Contents:
-- Unreinforced Masonry Buildings and the City of Portland: Update by Deniz Arac
-- The State of the Economy by Spencer Weills
-- Residential Market Analysis by Jennifer Volbeda
-- Multifamily Market Analysis by Jason Karam
-- Office Market Analysis by Melissa Meagher
-- Industrial Market Analysis by Spencer Weills
-- Retail Market Analysis by Melissa Meagher

Hio Landing, Hillsboro, Oregon, Alex Annand, Melissa Beh, Marcus Bush, Marcela Harden, Kelly Redden, Ryan Winterberg-Lipp

Real Estate Development Workshop Projects

At CAVU Partners, our name explains our approach: the ceiling and visibility are unlimited. We see past the clouds to limitless potential.

CAVU Partners recognizes the Hillsboro Airport has a rich history in local aviation, and we want to celebrate that history. Our design strategy will incorporate aviation-inspired themes throughout the site. Our adaptive reuse of existing buildings will bring new while ensuring HIO’s historical roots will never be forgotten. Our mix of uses transforms the site into an inviting location for business-es, airport patrons, and the community.

HIO Landing’s concept introduces logical, flexible development parcels with an enhanced street …

Assessment Of The Potential Of Proposed Stations Of The California High-Speed Rail As Major Hubs For Physical And Economic Development, Seitu Akira Coleman

Master's Theses

This study investigated the potential for development of station catchment areas around the proposed California High-Speed Rail System. The study was prompted by a review of practices of Japanese railway company groups that engage not only in train operations, but also in business diversification and property development within the station areas of their lines. These actions allow the company groups to diversify their revenues streams, increase ridership on their lines, and operate as a whole with net profits. This is in contrast to transit agencies in the United States, which only focus on transporting passengers along their lines and do …

The Effects Of Organizational Philanthropic Movements And Related Public Relations Strategies, Gabriella C. Trapani

Journalism

The following is a comprehensive public relations campaign created after extensive research on public relations efforts and corporate social responsibility. The study is mainly focused on establishing the relationship, if any, between a company’s philanthropic efforts and their profits. The study seeks to answer questions such as “Is the return on investment for philanthropic giving worth it?” and “How might this impact company morale?” With a focus on measuring the success of a philanthropic campaign created for Sereno Group Real Estate company, a small to midsize residential real estate company in the Silicon Valley, this study serves as a basis …

Strategic Communication And Recruitment Practices For Amplifying Racial Diversity In Commercial Real Estate, Brandon Levesque

Student Theses and Dissertations

Qualitative research featuring interviews with professionals of color in the American commercial real estate industry. This work identifies three major problematic areas contributing to the lack of racial diversity in commercial real estate, followed by recommendations on how the industry can address those areas with a sustainable and easily digestible plan of action.

Residential Housing Renewable Energy Savings Calculator, Eric J. Robinson

Honors Thesis

Frequently renewable energy investment has been thwarted by principal-agent disconnects. Chief among these is the disconnect in the rental market between tenants and landlords; whereby, the tenant may desire to invest in renewable energy sources but has no means to. An additional disconnect occurs between homeowners and their utilities providers. This study seeks to explore the disconnect between tenants and landlords and better align their motivations through intelligent contract design for sustainable investment. If renewable energy is proven profitable as a long-term investment, landlords will be more apt to invest and collect an energy/utility fee included in the cost of …

The Economics Of The World Cup, Victor Matheson

Economics Department Working Papers

The quadrennial World Cup is perhaps the world’s most popular sporting event with millions of live fans and a worldwide television audience in the billions. It is also one of the most costly events to host with recent hosts countries such as Brazil and Russia spending around $12 billion putting on the tournament. This paper examines the costs and the benefits of hosting the World Cup with a focus on historical data and past economic impact studies.

The Effect Of The Unemployment Rate On The Homeownership Rate With Focus On Recent Graduates, Lixiao Shan

Renée Crown University Honors Thesis Projects - All

How does the ownership of dwellings by recent graduates reflect the business cycle? This paper focuses on the relationship between the unemployment rate and the ownership of dwelling for recent graduates. Scholars have been analyzing the relationship between the ownership of dwellings and unemployment for decades. Most studies find out that home ownership seems to constrain the labor mobility and therefore, it can result in higher unemployment. However, in this paper, the focus is on recent graduates, which means there will be limited influence of labor mobility. The ownership of dwelling data is obtained from the IPUMS CPS and the …

Executive Committee Agenda & Packet, Wku Board Of Regents

Board of Regents Documents

Action items;

• Greg Collins contract
• College Heights Foundation, Inc. lease

Implications Of Social Media Use On Instruction And Student Learning: An Exploratory Study, Mayur Desai, Lucy Ojode

Southwestern Business Administration Journal

Despite being a norm in contemporary organizations including in academia, there is limited understanding how multimedia technology use might impact learning. We have also seen a rise in the use of social media applications such as Facebook, tweeter, Instagram, skype, flickr, and blogging among students, but it is unclear the extent to which the academe embraces these applications. In this study, we examine the potential role of multimedia technology and social media use in the learning process. We explore the potential implications for instruction and on student learning of the marriage between multimedia technology and social media use. Focusing on …

Leveraging Decision Making In Cyber Security Analysis Through Data Cleaning, Chen Zhong, Hong Liu, Awny Alnusair

Southwestern Business Administration Journal

Security Operations Centers (SOCs) have been built in many institutions for intrusion detection and incident response. A SOC employs various cyber defense technologies to continually monitor and control network traffic. Given the voluminous monitoring data, cyber security analysts need to identify suspicious network activities to detect potential attacks. As the network monitoring data are generated at a rapid speed and contain a lot of noise, analysts are so bounded by tedious and repetitive data triage tasks that they can hardly concentrate on in-depth analysis for further decision making. Therefore, it is critical to employ data cleaning methods in cyber situational …

Center For Real Estate Quarterly, Volume 12, Number 2, Portland State University. Center For Real Estate

Center for Real Estate Quarterly

Table of Contents:
--State of Cross-Laminated Timber by Deniz Arac
--The State of the Economy by Spencer Weills
--Residential Market Analysis by Jennifer Volbeda
--Multifamily Market Analysis by Sydney Bowman
--Office Market Analysis by Riley Henderson
--Industrial Market Analysis by Spencer Weills
--Retail Market Analysis by Rilery Henderson

Glossary Of Business Evidence, Paul C. Boyd

MBA Faculty Conference Papers & Journal Articles

No abstract provided.

Center For Real Estate Quarterly, Special Land Use Issue, Volume 12, Number 2, Portland State University. Center For Real Estate

Center for Real Estate Quarterly

Table of Contents:
-- Portland's Housing Market and the 2018 Urban Growth Boundary Decision by Gerard C.S. Mildner
-- East Metro Urban Reserves by Loos & Shimada
-- Hillsboro & Forest Grove Urban Reserves by Adisuryo, Crampton, Dick, Eldridge, Geffner & Wilkes
-- Oregon City Urban Reserves by Beh, Benson, Brown, Lee & Young
-- Sherwood Urban Reserves by Argyropoulos & Baarstad
-- Southwest Urban Reserves by Mandel & Miller - Freeman
-- Stafford Urban Reserves by Henderson, Leeding, Marchant, Miller, Sturley & Summers
-- Wilsonville Urban Reserves by Aleman, DuBois, Hoke, Legarza, Pollard & Zhang

Wood, George Twyman, 1796-1876 (Mss 630), Manuscripts & Folklife Archives

Manuscript Collection Finding Aids

Finding aid only for Manuscript Collection 630. Correspondence and land records related to George T. Wood’s management of property in Hart County, Kentucky, on behalf of the City of Philadelphia, which resulted from the settlement of Stephen Girard’s estate. At the time of his death Girard was one of the wealthiest men in America.

House Price And Co-Residence With Older Parents: Evidence From China, Daichun Yi, Xiaoying Deng, Gang-Zhi Fan, Seow Eng Ong

Research Collection Lee Kong Chian School Of Business

Numerous Chinese families choose to reside together with their elderly parents due to the considerable impacts of conventional values such as filial duty in Chinese society. However, as house prices rocketed up in major Chinese cities over the past decade, this arrangement is facing a sizeable challenge, therefore also raising new research question about it. This paper attempts to investigate the phenomenon of co-residence of adult children with their elderly parents in China. Using the 2013 data of China Household Finance Survey (CHFS), we document that house price is indeed a significant determinant for the pattern of intergenerational co-residence. Our …

The Value Of Green Certification In The Singapore Housing Market, Eric Fesselmeyer

Research Collection College of Integrative Studies

In Singapore, a real estate developer sells new apartments in the same high-rise development before and after obtaining green certification. This allows the use of within-development variation in prices over time to measure the effect of green certification on housing prices, controlling for differences across developments. I find that green certification increases prices by around 3%, suggesting that buyers value certification, possibly because it signals the presence of less-salient green features. Moreover, the effect of certification is biggest for developments that receive the lowest green rating, which likely have fewer green features and are thus less obviously green.