The temptation is strong for arguing that property values can be broken down into land, improvements, and business value, as only land and improvements are subject to property tax. As sympathetic as the authors are to this motivation, the notion of a long-run business value component for retail...

Much attention has been paid to capitalization rates or “cap rates?defined as the net operating income over transaction price, also known as a “going-in?current yield on commercial real estate when calculated at the time of purchase. We know that there are a number of global factors...

ERES:conference

This paper presents the initial results of a major research project concerning real estate value. A central consideration is the analysis of those factors that impact upon value, in particular how value is created in real estate development ventures and investment deals. The converse of how real...

The continuous growth of house prices in Spain in recent years has been an issue with economists and market participants. It is still an issue of debate whether the increases are based in fundamentals or whether they essentially constitute a bubble. In this work we study and document the price...

Tall buildings are a common building typology within most major cities and they are representative of the outward signs of globalisation, capitalism and wealth. This visual imagery has become an important selling point for cities seeking a competitive advantage. Similarly, global investment...

ERES:conference

Global climate change is making California's mild Mediterranean climate significantly warmer, and a substantial impact on building energy usage is anticipated. Studies on building cooling and energy demand have been inaccurate and insufficient regarding the impacts of climate change on the peak...

In this study we focus on the possible impact of 9/11 on tall and trophy office buildings for market behavior that could influence value. We find little evidence of any significant departure from general market trends for tall buildings or most Ã?trophyó property, yet there appear to be some...