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Environmental Liability 

Environmental liability may be the fastest growing "killer" of real estate transactions in the United States. More than 200 state and federal statutes impose liability on owners, managers, and lenders of commercial and investment real estate. In turn, these players

Diversion or a Direction? 

As the commercial real estate market recovers from the downturns of the early 1990s, compensation and service changes are occurring throughout the brokerage industry. Whether these changes mark a permanent trend or a temporary diversion, they are affecting clients across

Despite Whitewater, Opportunities Abound in Arkansas and Tennessee 

There's no partisan reason for examining the markets of Little Rock, Arkansas, and Memphis, Tennessee, for this month's "Regional Report." Though they are a political base for the U.S. president and vice president, respectively, they are more of interest because

Building Net Gain 

If 1995 was the year that business got interested in the Internet, then 1996 has been the year that it got serious about it. That means 1997 is shaping up to be the year when smart companies in all industries

The Dangers of Stepping Outside Your Specialty 

As most brokers work their way through commercial transactions, they take a certain comfort in knowing that other professionals will review various data and financial statements. In fact, most brokers rely on this follow up procedure, usually perceiving their own

Restrictions May Ease Pension Fund CMBS Purchases 

During the early 1990s, the commercial mortgage backed securities (CMBS) market provided an important new source of capital that helped to alleviate the severity of the commercial real estate credit crunch. Since that time, the CMBS market has blossomed into

The Web Marketing Revolution 

Trying to imagine the impact of the Internet on commerce and communication is like trying to understand the eventual impact of the automobile as you trotted along in your brand new 1908 horse and buggy. When that young whippersnapper whizzed

Hotels Are Inn 

Savvy investors are taking notice of the hospitality market's resilience in bouncing back from the commercial real estate recession of the late 1980s. Secure in the market's steady upward momentum, investors are realizing that hospitality properties offer strong investment opportunities

New Tax Breaks Proposed for Empowerment Zones 

In this election year, the White House and some representatives in Congress have been talking about the need for companies to "give something back" by investing some of their profits in inner city businesses and development projects that would create

Mission Possible: 

"Your mission, gentlemen, should you choose to accept it, is to research a mixed use building in Grand Rapids, Michigan. You have 72 hours and, of course, a limited budget. Good luck." Tom Cruise and self destructing tapes aside, the

You Oughta Be in Pictures 

It was a common complaint among moviegoers in the '70s and '80s They just don't make 'em like they used to. Movie theaters, that is not the movies (that's a whole other argument). The opulent, luxurious movie palaces of the

The Vision Thing 

Although he may not realize it, Scott Shillings' calm voice might have more to do with his success in commercial real estate than he may care to acknowledge. When relating the details of a complicated deal involving an office building