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Estate - Produced by National Real Estate Investor Magazine December 2007 VOL. 2    

Archives    
 
In This Issue
>   Mexico's Retail Market -
Residential boom & credit availability drive development
>   Appraisals around the World -
Determining true market value
>   Urban Revitalization -
Creating a catalyst for downtown redevelopment
Briefs
>   Investment Notes
>   Foreign Exchange
>   Did You Know?
 


 


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Mexico's Retail Market -
Residential boom & credit availability drive development

Like many emerging countries, Mexico has never enjoyed an abundance of quality retail offerings. In fact, it has been underserved for decades, despite its growing population, increasing wealth and access to personal credit. Fortunately, retailers and retail real estate developers have finally realized the need and are working to meet it. Read Article...

Appraisals around the World -
Determining true market value

As cross-border investment increases on a global basis, investors must consider the differences that exist from market to market when it comes to commercial real estate appraisal or property valuation - the term most often used outside the United States. Read Article ...

Urban Revitalization -
Creating a catalyst for downtown redevelopment

Many of America's urban areas have "died on the vine", and city and business leaders are now faced with the tremendous task of revitalizing these downtown cores. Experts suggest three main strategies: create an organization to bring together business leaders and city officials; design a masterplan to encourage investment; and develop a way to leverage any special attractions in the downtown core. Read Article ...
Briefs

Investment Notes

After decades of being the dominant REIT market, the United States has been eclipsed by the rest of the world, according to a recent report issued by global consulting firm Ernst & Young.

Michael Frankel, Ernst & Young's global director of REIT Services, says there's been a dramatic shift in REIT formation away from North America and toward Asia and Europe in the last 12 months. More...

Foreign Exchange

There has been a steady rise in the number of new non-listed property investment vehicles since the first one was launched in 2003, according to the European Association for Investors in Non-Listed Real Estate Vehicles (INREV).

In 2007, 14 non-listed property investment vehicles were launched, compared to four in 2004, six in 2005 and 10 in 2006. So far, one of these vehicles is scheduled to launch in 2008, according to INREV, which recently introduced a real estate funds directory that provides a comprehensive overview of the non-listed property vehicles investment world. More ...

Did You Know?

New York's Fifth Avenue remains the most expensive retail destination in the world, with rental values of $1,508 per square foot per year, while Moscow rose to the second-most expensive, with retail rental values of $1,059 per square foot per year, according to CB Richard Ellis' Global Retail Destinations Report, which ranks leading global retail markets in Asia Pacific, Europe, the United States and Latin America.

Fifth Avenue's rental values have not dissuaded retailers from seeking highly coveted retail space along the famed 10-block corridor between Rockefeller Center and Central Park. For example, recent activity along Fifth Avenue includes 40,000-square-foot leases by both Armani and Gucci, two of the most well-known luxury brands in the world, for brand new flagship locations. More ...

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