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Direct Real Estate Investments 

The growing attention to real estate investment trusts (REITs) is causing investors to question traditional methods of real estate investment. Should they bury the "old fashioned" direct investment practices and only purchase investment real estate interests through publicly traded shares

Finding Commercial Real Estate Information in Cyberspace 

Many years ago, a smart guy named Charles Darwin said It is not the strongest of the species that survives, nor the most intelligent, but the one most responsive to change. We would all like to think that we are

Accounting for Tenant Improvements 

Under the Tax Reform Act of 1986, landlords who incurred leasehold improvements were required to depreciate them over 39 years. Tenants who made leasehold improvements followed the same amortization schedule. The Internal Revenue Service (IRS) ruled that this treatment was

Breach Fiduciary Duty and Lose Your Commission 

The fiduciary relationship between agent and client has long been a cornerstone of the real estate brokerage industry. This basic relationship is usually emphasized in introductory licensing classes as well as in more sophisticated analytical courses. If agents breach this

Comparing Apples with Oranges 

Real estate and business appraisals both seek the same objective to place a fair market value on a substantial asset. As such, they have much in common, and occasionally real estate professionals are asked to perform business appraisals. Typically, the

Value Retailing Puts the Squeeze on Regional Shopping Centers 

Although retail market indicators and retail sales have improved steadily in the past several years, many underlying conditions could dampen the retail market's prospects for continued improvement. In the majority of regions, retail market conditions are solid. Paradoxically, the performance

The Sun Shines Brightly in 1997 

The current economic environment is one of distinct but moderate improvement 2 percent real growth in gross domestic product (GDP) in most quarterly measurements, punctuated about once a year by a 5 percent surge. In response, the Federal Reserve Board

A Fruitful Partnership 

Editor's note In 1993, the city of Chicago challenged Chicago based Senior Lifestyle Corporation to help solve the city's shortage of affordable housing for senior citizens. The result is a public private venture that provides low cost, high quality housing

A Mall Miracle 

Richard Ridgway, CCIM, of Ridgway Realty in Jackson, Mississippi, says he loves a challenge, and he must In 1994 he took over management of Jackson's first regional mall, a nearly vacant, 25 year old facility that covered 53 inner city

Legislative and Regulatory Outlook 

Now that President Clinton has been re elected and the Republicans have managed to hold on to Congress, it is time to examine the legislative and regulatory landscape for commercial real estate in 1997. Precisely handicapping future legislative activity is

Industrial-Strength Investments 

During the past 25 years, the industrial real estate market has been influenced by several structural forces. First and foremost, this period has been characterized by the United States' shift from a leader of the industrial revolution to a leader

Southern California Redeemin' 

Leslie Munger, CCIM, describes her recent Southern California commercial real estate experiences with a word that would have seemed preposterous not long ago fun. "It's fun to do business again," says Munger, of T.F. Merrick Co., Inc., in Long Beach,