An alternative explanation of the real estate downturn: lessons for the future
Article Abstract:
The real estate downturn in the 1980s was influenced by the profusion of tax benefits extended to developers, incompetent and fraudulent management and general economic and market slowdown. Although significant changes have been made in financing and in tax and regulatory policies, several problems particular to the industry remain. The short-range planning which partially induced the real estate market drops in Texas, Arizona and New England is still predominant in the industry. Inadequacies in information, information systems and professional decision-making also need to be addressed.
Publication Name: Real Estate Accounting & Taxation
Subject: Real estate industry
ISSN: 0897-0262
Year: 1992
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Reducing occupancy costs: capitalizing on today's down market
Article Abstract:
Space users are now in a better position to lower their occupancy costs due to lower demand and the present abundance of commercial and industrial real estate. A corporation usually spends 5% to 15% of its expenses for its occupancy costs which can even shoot up to 20%. There are four ways to lower occupancy costs specifically capitalizing on the current down market. The four ways are analyzing facility necessities, formulating a broad location strategy, assessing property acquisition and lowering rental costs.
Publication Name: Real Estate Accounting & Taxation
Subject: Real estate industry
ISSN: 0897-0262
Year: 1992
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Workout negotiations: being prepared
Article Abstract:
Objective, factual knowledge on both sides of the negotiation table is necessary for an appropriate course of action. A chart delineates four situations of ignorance and knowledge of the negotiators and the outcome of each situation is discussed. The best situation needs knowledge from the negotiators. Information of the market, property and the borrower is essential to the negotiations. A checklist provides objective and accurate gauges for each element necessary to formulate a settlement.
Publication Name: Real Estate Accounting & Taxation
Subject: Real estate industry
ISSN: 0897-0262
Year: 1992
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