In an increasingly global investment climate, mobile capital interested in residential investment generally seeks the highest return on invested capital (cap rate). However, we observe a very large range in these values. Systematic differences may be explained by tax rates, demographics,...

This study analyzes the effect of both new and rehabilitation residential investment on nearby property values in Cleveland, Ohio. The methodology used is hedonic price regression with spatial lagged variables that are generated applying geographic information systems. There are four major...

Brownfields are potentially contaminated sites that often present economic development opportunities that require financing. State environmental voluntary clean-up programmes (VCPs) offer closure letters as a way for developers to obtain assurance that their clean-up was completed properly and...

This study provides evidence on the clean-up and development of properties in Cook County that have completed the two Illinois brownfield voluntary clean-up programmes (VCPs) since 1989. Real estate and environmental databases are merged to allow analysis of development trends for a sample of...

This paper examines the redevelopment of former gold mining land close to the downtown area of Johannesburg for affordable and middle-income housing. This could provide savings for out-of-pocket costs, time saving for commuting costs and better property appreciation. However, the properties may...