Since 1991, the reform governments of the Russian Federation and its constituent republics have allowed and, in varying degrees, encouraged the privatization of state-owned housing and new residential construction by private firms for private ownership. This study describes the emergence of private home-building enterprises engaged in two types of projects: (1) The completion and sale of multifami...... hiện toàn bộ
The purpose of this article is to assess the generality of previous empirical findings on the determinants of retail rent in shopping centers and validate their substantive robustness using data from Hong Kong. Consistent with previous findings, the rental rate of a retail unit is positively related to its customer-generating power and the size of the shopping center but negatively related to its ...... hiện toàn bộ
Real estate asset management has been and will continue to be a topic of great interest. Specifically, does real estate warrant inclusion in an efficient portfolio? And if so, how much should be invested in real estate? This article reviews the extant literature in the area of real estate diversification and helps identify the reasons that there exists so much divergence in the answer to the quest...... hiện toàn bộ
Equilibrium analysis is a valuable tool in real estate investment research. In this survey, I show how equilibrium models have been used to estimate the required risk premium for different classes of real estate, to explain real house prices, and to determine investment rental market adjustment and valuation (as well as to predict future rent, price, and value developments). Equilibrium analysis h...... hiện toàn bộ
Office building development has had a relatively short history. However, since the 1880s, we have seen tremendous growth in the number and size of office buildings and a significant change in the location of these buildings. Early research in this area centered on technological changes and innovation in construction. As the market matured, researchers began to explore other areas of interest. This...... hiện toàn bộ