How to plan for the commercial real estate collapse

Encompassing apartment, office, retail, hospitality, warehouse, manufacturing, and flex or R & D buildings, commercial real estate (CRE) investment in the U.S. totaled $6.4 trillion at the end of 2008. As noted in the February 2010 Congressional Oversight Panel Report, $1.4 trillion of CRE debt is coming due by 2014 and half of the CRE projects securing such debt are underwater. "Commercial Real Estate Restructuring Revolution: Strategies, Tranche Warfare, and Prospects for Recovery" looks at how we got into this mess-impacts of the housing crisis, debt structures, lender-borrower collusion, and bankruptcy abuses-and offers possible solutions to the CRE crisis. Along the way, author Stephen Meister: - Discusses how CRE value losses are being driven by investors' risk adjusted cap rates, not just poorer market fundamentals- Discusses strategies and emerging trends in CRE foreclosures, including forced lender fundings, lender attempts to chill bids and UCC foreclosure tactics and pitfalls- Proposes legislative solutions and explains how any rebound will require federal spending cuts, a vast deleveraging and a market clearing processWith a crashing CRE debt market and the hundreds of CRE-heavy regional banks destined for failure, getting out ahead of the curve is essential. "Commercial Real Estate Restructuring Revolution" addresses how we got here and how you can plan for the impending crash.

Emotions in the workplace have until recently been seen simply as a distraction. We often think of work as rational, logical and non-emotional. But organisations are waking up to the key role of emotions and affect at work. Emotions influence how we make decisions, how we relate with one another and how we make sense of our surroundings. Whilst organisations are slowly embracing the pivotal role of emotions, designers and managers of workplaces have been struggling to keep up. New insights from hard sciences such as neuropsychology are presenting a radically different interpretation of emotions. Yet workplace designers and facilities managers still rely on measuring non-specific states such as satisfaction and stress. In this book we attempt to capture modern-day interpretations of emotion, looking at emotion in terms of transactions and processes rather than simple cause and effect. We entertain the idea of an 'emotionally intelligent building' as an alternative to the much-hyped intelligent building. The assertion is that we should create environments that are emotionally intelligent. Rather than focusing on the aptitudes or shortcomings of individuals at work, we should place closer attention on the office environment. It's not that we are emotionally disabled - it's the environment that disables us! The ability of you and me to interpret, control and express emotions may not simply be a result of our own make-up. A radically different outlook considers how our workspace and workplace debilitates or enables our emotional understanding. In the modern workplace there are many innovations that can undermine our emotional intelligence, such poorly implemented hot-desking or lean environments. Contrariwise there are key innovations such as Activity Based Working (ABW) that have the potential to enhance our emotional state. Through a series of unique case studies from around the world, we investigate key concepts that can be used by designers and facilities managers alike. No longer should designers be asked to incorporate emotional elements as intangible un-costed 'add-ons'. This book provides a shot in the arm for workplace design professionals, pointing to a new way of thinking based on the emotional intelligence of the workplace.

Mining is a capital-intensive industry, and involves long lead times to develop projects that demand a structured approach, from mine exploration to exit. This book provides mine developers, investors, owners, shareholders, and mineral policymakers a comprehensive game plan to raise capital for the development of new mining projects or to bolster operational mines. The author, an experienced mining capital consultant, shows how mine developers and mine owners can secure capital in any phase of the commodity price cycle, at any site, and at any project stage. The book follows a proven and structured approach that enables mine developers and owners to successfully raise capital for their projects. With the aid of case studies and practical methods, the reader will learn the essentials on topics ranging from developing and marketing a business case for investment, to the types and sources of mining capital for different project stages, as well as the structure and significance of due diligence. The author presents actual mining projects and their funding plans, transaction structures and term sheets for capital. The mining projects discussed represent various project stages, commodities, and parts of the globe, offering a comprehensive reference guide for mine developers, investors and promoters alike.

A step-by-step guide to attracting all the investment funds you will ever need for your next real estate transaction

As the sales of "Real Estate Investing in Canada" have proven, Canadians are looking to real estate investing to build wealth. In his bestselling book "Real Estate Investing in Canada," Don R. Campbell introduces the Authentic Canadian Real Estate (ACRE) system, the first system of its kind to show ordinary Canadians how to profit from investing in residential real estate. Told as a narrative, a typical Canadian couple named Richard and Emma successfully buy their first properties and now are ready to leverage their equity into more properties. In order to achieve their goals, they are introduced to a joint-venture specialist and, with his guidance, they learn how joint-venture partnerships work and secrets and strategies for acquiring new properties that only the pros know.

Richard and Emma build their portfolio -- and their confidence -- and so they leave their jobs to focus on real estate investing full-time. Following a proven 7-step system, Richard and Emma are equipped with the information, strategies and motivation they need to go to the next level by explaining: What are joint-venture partnerships and how do they work to create win-win relationshipsWealth attraction principles-how to become a money magnetHow and where to find joint-venture partners-marketing and lead generation--and separate the wheat from the chaffStructuring a joint venture deal-building a team of experts and the due diligence processLegal structures and agreements, including tax implications19 landmines to avoid in joint venture partnershipsFollowing up with current joint venture partners and duplicating success

The appendices offer valuable time-saving checklists, forms and worksheets, as well as advice on paper flow and time management.

Questions about the mortgage process seem so complex and intimidating, yet they must be worked through achieve the American Dream of home ownership. Thankfully, this guide eliminates the confusion and stress with clear-cut answers to all your questions. How much house can you afford (or not afford)? Is every mortgage loan the same, or are there specifics to look for that meet your individual needs? How can you increase your chances of getting those almost unbelievable rates you see banks advertising? Is there any end to the paperwork? Because unless you're sitting on a pile of cash, chances are you'll need to take out a mortgage when you're ready to buy your next home. In Mortgages 101, you will find the latest information on: Application procedures Online lenders New loan and government programs Qualifying requirements Zero-down options Guidelines for self-employed borrowers In this one-stop reference, find everything you need to know from a wide range of mortgage topics. From negotiating the best deal to saving on closing costs, Mortgages 101 supplies the answers and assistance for everything you need until the day you walk through your new front door!

Aspiring international real estate investors--expand your portfolio today! The real estate world can be a particularly difficult place to do business, and this book helps aspiring international investors of all skill levels avoid some of the pitfalls first-timers often make. Expert author Nicholas Wallwork opens your eyes to how accessible international real estate can be and provides an excellent introduction to some of the main strategies and nuances when investing at home or away. Investing in International Real Estate For Dummies covers expert strategies for investing in international real estate, going beyond the more obvious tactics like buy-to-lease and flipping houses. It gives you a solid roadmap for successful property investing that actually works in any market. It lays out checklists of tasks and offers step-by-step guidance and advice based on over a decade of in-the-trenches experience working in the international real estate investment sector. Learn previously unseen expert strategies Find out how to choose which countries to invest in Easily navigate your way around lease options Build an in-country network of reliable contacts Manage your new assets with ease How to build the mindset of a top real estate investor Looking to start or expand your international real estate portfolio? Everything you need is at your fingertips!

This book identifies, defines and explains in detail property-related environmental issues. It is written in an easy-to-follow style and presented in a lively format.

Issues are explained with reference to relevant background information, practical issues and problems posed.

The book is supported by current case studies, and there is learning material - with model answers - for students and lecturers to use for group work.

Each topic - e.g. law, economics, property development - is structured in the same way: headline - the big issues and important questions; background - historical, legislative, technical; practical problems and solutions; discussion points; case studies; sources of information/further study.

The focus of this book is on how public policy - and especially the planning system - both shapes and reflects the essential characteristics of land and property markets. It challenges the common misconceptions that property markets operate in isolation from public policy and that planning permission is the only significant form of state intervention in the market.

Planning, Public Policy & Property Markets contends that effective state-market relations in land and property are critical to a prosperous economy and a robust democracy, especially at a time when development aims to be sustainable and environmental protection needs to be matched by urban and rural regeneration.

The book thus reflects an increased realisation among academics and practitioners of the importance of theoretical integration and 'joined-up' policy-making. Its rounded perspective addresses a significant weakness in the academic literature and will encourage broader debate and a more pluralist agenda for property research.

Prominent contributors present important new research on different market sectors and policy arenas, including regeneration and renewal, housing growth, housing planning, transport and economic competitiveness, while the editors specifically draw out more general lessons on the dynamic nature of the state/property market relationship in a modern economy.

This book will encourage all those involved in property research who strive for theoretical and practical connectivity to demonstrate that, just as property market operations cannot be analysed without understanding state processes, policy decisions cannot be taken without an appreciation of howthe market operates.

"Make Money with Affordable Apartment Buildings and Commercial Properties, Second Edition," shows you how to build wealth with affordable multi-unit residential and commercial buildings. Low-priced income properties can yield higher returns than single-family homes?especially if you manage them yourself. This book shows you how to find, assess, buy, and manage apartment buildings, retail offices, self-storage, and other overlooked investment alternatives. In today's tough housing market, these properties offer great returns.

This book explores the wide-ranging elements of property PR in the UK, with a strong emphasis on communications theory, strategy and technique. The editors begin with an introduction to the property cycle and the role of property PR within it; consideration of the changes and challenges facing the industry; various structures of property communications; and the need for a strategic approach. Subsequent chapters provide perspectives and lessons from contributors in a variety of property sectors including commercial property, estate agency, social housing, property consultancy, proptech, retail and homebuilding. The book concludes with insight into future change, both for the property industry and for the communication function within it. This book is recommended reading for all property PR teams, for students studying for property, PR or marketing degrees, and for anyone working in the built environment sector who needs to consider PR and marketing as part of their role.

"The ultimate book on short sales! Dwan and Sharon have made it easy for you to profit in today's gold mine of foreclosure opportunities."
--Robert Shemin, New York Times bestselling author of How Come That Idiot's Rich and I'm Not?

"Having invented new real estate markets for over twenty years, I can strongly recommend Dwan and Sharon's book. This dynamic duo invented the short-sale market--nobodyknows more!"
--Frank McKinney, international bestselling author and real estate "artist"

"As a national speaker and teacher for over twenty-five years, I've never met anyone who knows more about short sales than Dwan and Sharon. I've spoken to hundreds of their students who have earned tremendous profits. You could be their next success story!"
--Nick Sidoti, a.k.a. Dr. Cashflow

Make a fortune in pre-foreclosures with help from the queen of the short sale

Millions of distressed homeowners are in danger of foreclosure, but can't sell their homes and walk away because their property is worth less than the mortgage. Banks don't want to foreclose because the process is so expensive and time-consuming. The solution is a short sale--the process by which an investor buys the troubled property from the homeowner at a price far below the outstanding mortgage and the bank takes a write-off. Real estate investor Dwan Bent-Twyford and her students have made millions with short sales--while helping homeowners prevent foreclosure.

Finally, here's a single resource that tells you everything you need to know to get into this high-profit game:

Find "underwater" properties and pre-foreclosures

Approach distressed homeowners facing foreclosure

Prepare an offer that helpsyou and the homeowner

Negotiate with banks and mortgage holders

Earn big profits through wholesaling, rehabbing, or renting

The book explains why the real estate and construction industries are organized in the ways they are, relating those characteristics to long-term market behavior. Part One covers market dynamics: supply and demand; the interaction of property development, finance, and construction; and property cycles. Part Two examines institutions and market structures.

The private property of the imperial familyis a subject of great importance for the study of the Byzantine Empire. The papyri prove to be a fruitful source for the reconstruction of previously uncertain aspects of the administration and extension of imperial domains. The volume presentsthepapyrological dossier of the domus divina, and undertakes an analysis of the administrators tasks as well as an identification of the estates and their employees."

This book brings together politics, law, financial services regulation, economics and housing policy in the analysis of mortgage lending and macroprudential policy in the UK and US. The book addresses the relationship between housing policy, credit and financial instability in light of the recent global financial crisis, and proposes both short and long-term solutions. Although it is not known where the next crisis will come from, history suggests that it will have credit and property at its source. Thus, it is important that the UK and other countries look more broadly at what should be done in terms of policies, institutions and tools to make the housing market and mortgage lenders more resilient against a future crisis. This book sets out a number of workable proposals. Central to this work are questions relating to the quantitative macroprudential measures, such as loan-to-value (LTV) and debt-to-income (DTI) restrictions, and whether these can be used to any significant extent in western democracies and, if employed, whether they are likely to be effective. In particular, the book questions the political legitimacy of their use and the potential consequences for the institutions, such as central banks, promulgating such policies. Preserving financial stability in very uncertain market conditions is of key importance to central bankers and other regulators, and macroprudential policy is a rapidly growing subject for both legal and economics study. This book will therefore be of interest to financial professionals, policy-makers and academics.

Need to know real estate jargon? This quick-reference guide can help. Home buyers and sellers, as well as real estate professionals, investors, and attorneys can rely on this quick-reference source. More than 3,000 terms and definitions cover topics that include appraisal, architectural styles, brokerage, construction, development, environmental finance, mortgage types, zoning regulations, and much more. Includes graphs, charts, and line art.

Real Estate Millions in Any Market will teach you the most innovative techniques you can use-in any market condition or geographic area-to create a fortune buying or selling real estate with little or no money down.

Real Estate Millions in Any Market will show you how to:

• Find bargain properties in any market
• Develop instant equity with no cash out of pocket
• Create instant cash flow with no-down purchases
• Uncover the fallacies of low-down investments

It will also give you the tools you need to succeed, including:

• 12 fail-safe techniques for successful negotiating
• 10 creative low- and no-down buying techniques
• The letters and dialogues of no-down strategy buying
• How to structure your own Success Strategy

This book specifically identifies and explains the revolutionary resources that are available to assist buyers and sellers in obtaining substantial profits, while debunking many of the myths and schemes that have given low-down investing a questionable reputation. Filled with practical advice and proven techniques, Real Estate Millions in Any Market is critical reading for anyone interested in getting into real estate investing.

Security of land tenure for the urban poor is now a major problem for developing cities in Africa, Asia and Latin America. This book presents and analyzes the main conclusions of a comparative research programme on land tenure issues. It looks at how solutions can be found and implemented to respond to the demands and needs of the majority of squatters and informal settlements, and analyzes how urban stakeholders, with different social, legal and economic constraintes, find innovative and flexible solutions. The book is intended to fill a gap in the literature on comparative research on tenure policies and should be useful to reserachers and professionals involved in defining and instigating tenure upgrading policies and programmes.

This book looks at how the physical environment of work shapes organizational behaviour, demonstrating that our physical surroundings at work can have a big influence on employee productivity, performance and wellbeing. Drawing upon the latest research, Organizational Behaviour and the Physical Environment provides comprehensive coverage of the different aspects of the physical environment at work - the buildings, furnishings, equipment, lighting, air quality and their configurations. From theories of psychological ownership and work design, to cultural issues and technology in the workplace, its international range of contributors provide voices from Australasia, North America, Europe and the Middle East. This book will be invaluable supplementary reading for advanced students, researchers and practitioners across the fields of organizational behaviour, HRM, organizational and environmental psychology, and workspace design.

The Third Edition of the Boiler Plant and Distribution System Optimization Manual has been upgraded with ten new checklists with over 100 ways to improve performance with 50 additional illustrations to communicate specific information about applying these technologies. The new checklists serve as a handy reference for designing an energy plan for your plants. Understanding that funds for energy come directly from your bottom line, this book has been designed for those tasked with increasing profits by reducing fuel costs while also reducing pollution and carbon footprints with attention to plant safety. The author presents many complex boiler-related topics in a simple and understandable way to simplify the decision-making process.

It is now 25 years since the first edition of this book was written, and the objectives of the fifth edition remain the same as those of the first edition, that is to provide "an introduction to and general background reading for the subject of property valuation." It is directed not just at would be surveyors and valuers, but at all those who may be interested in getting an understanding of property valuation.