...SURP 841: Real Estate Decision Making Fall 2011 COURSE OUTLINE Instructor: Office: E-mail: Telephone: John S. Andrew, Ph.D., M CIP, RPP Robert Sutherland Hall, Room 525 john.andrew@queensu.ca 613-533-6000 ext. 75756 Session Time: Mondays, 11:30 am - 2:20 pm Session Room: Robert Sutherland Hall, Room 554 Overview of the Course The course is an introduction to the concepts, principles and analytical methods involved in making the broad variety of key investment decisions regarding commercial real estate. It is designed to supplement, rather than replace SURP 844: Real Estate Project Planning. Therefore, the emphasis of this course is on commercial real estate investment rather than development. However, some elements of the latter will inevitably be addressed. The focus will be on fullyoperational income-generating properties, primarily large in scale. The main asset types of office, industrial, retail and multi-unit residential will be discussed (and possibly a few more specialized types). Another emphasis of the course will be on the micro level – the evaluation of the investment merits of individual properties (or at least individual transactions). Less attention will be paid to the macro level i.e. portfolio management. To the extent possible, the course content (including readings, cases and assignments) will be Canadian (although it is recognized that real estate investment is increasingly a global endeavor). This is primarily a combination seminar and case study course...
Words: 2545 - Pages: 11
...mentioned in Northouse text, Smith and Halloran breached following ethical obligations: Bribery: Smith tried to bribe his way into the election campaign. According to Preet Bharara, US Attorney, "Smith drew up the game plan and Councilman Halloran essentially quarterbacked that drive by finding party chairmen who were wide open to receiving bribes." Using unlawful means, being on a leadership positions in something that is never acceptable and creates long lasting conflicts. The same happened in the case of Smith & Halloran. They tried to set up whole scenario through the pay-to-play scheme. The US government is already into investigating the public corruption matters which are proceeded through the pay-to-play plans. As per a cooperating witness and an undercover FBI agent posing as a wealthy real estate developer, Smith tried to bribe leaders of Republican Party county committees around New York City to run for mayor as a Republican. According to a news article in WNYC by Hamilton (2013), “…Vincent Tabone, the head of the GOP in the Bronx, and Joseph Savino, the vice chair in Queens, were allegedly set to receive $40,000 in bribes to help Smith get on the GOP ballot. Halloran himself was reported to be looking for $20,500 in bribes to act as the go-between.” Both Halloran and Smith should have not done that pay-to-play scheme. If they wanted to shift the party, they could have done it through proper channel. But the greed and may be the consciousness regarding being not fair...
Words: 1307 - Pages: 6
...of law because Apex did not confer the benefit by which Apex claims Wells Fargo was unjustly enriched. The grounds for this motion are more fully set forth in the attached Memorandum. [Respectfully submitted,] MEMORANDUM I. STATEMENT OF THE CASE On May 30, 2008, Apex filed its Complaint in this case. The Complaint alleges three claims for relief--conversion, unjust enrichment, and breach of contract. Of these claims for relief, only the first and second--conversion and unjust enrichment--are pled against Wells Fargo. On January 22, 2009, this Court entered its Decision and Entry Granting Defendant Wells Fargo N.A.'s Partial Motion to Dismiss, thereby disposing of Apex's conversion claim for relief against Wells Fargo. Therefore, the only remaining claim for relief against Wells Fargo is for unjust enrichment. II. STATEMENT OF FACTS The following facts are taken exclusively from Apex's Complaint. They are presented here solely because, in this Motion for Judgment on the Pleadings, Apex is entitled to have all material allegations in the Complaint construed in its favor as true, and the presentation of these facts herein does not represent their adoption by Wells Fargo. Myrtle Atherley-Flowers ("Flowers") owned the real property located in the Township of Fairfield, County of Butler, State of Ohio,...
Words: 1643 - Pages: 7
...GAAP Research Project Zamora, Marina Intermediate Accounting ACC 330-02 FALL 2012 Zamora, Marina ACC 330-02 11.28.12 GAAP Research Project Number 1 Situation: You are the assistant accountant for Tyler Corporation. It is mid January 2011 and you are helping to prepare the Tyler Corporation’s balance sheet for December 31, 2010. Tyler will publish this balance sheet on March 1, 2011, after the auditors have completed their work. Tyler has a $100,000 note payable that was issued in 2009 and that is due March 6, 2011. On January 5, 2011, Tyler sold 2,000 shares of it’s $10 par common stock for $80,000. It’s intent is to use these proceeds to repay the note payable on March 6. The head accountants says “I’m not sure how to classify the $100,000 note payable on December 31, 2010 balance sheet. Check this out for me.” Issue: The company need to classify the $100,000 into the balance sheet. The assistant will have to try to help the head accountants to put it in the balance sheet for December 31, 2010. Argument: When the company prepares the financial statements, it simplifies, condenses, and classifies the data. “The arrangement of each company’s balance sheet items and subtotals should be designed to be useful to its various external user groups” (page 137). If the company expects to hold the item for more than one year or the operating cycle, whichever is longer, it is classified as a long term investment. Long terms investments include...
Words: 1777 - Pages: 8
...WetFeet Career Guides (2005) 英文原版精美PDF (精品合集 30.3M) - 全球最好的职业介绍网站之一 ttp://www.wetfeet.com/ 是美国乃至全球著名的职业介绍网站。每年都会组织成百上千的专家对各行各业的全球知名企业，企业高管，企业员工等进行大量的调查，提供最详尽的第一手行业 报告，企业及企业文化调查，以及各行业的就业指南。范围基本上覆盖了绝大多数行业，对于每一个想去外企工作的求职者，想了解整个行业的分析师和投资者提供 了极好的第一手材料。 下面是文件列表： Career & Industry Guides: careers_in_accounting.pdf careers_in_advertising_and_pr.pdf careers_in_asset_management_retail_brokerage.pdf careers_in_biotech_pharma.pdf careers_in_brand_management.pdf careers_in_consumer_products.pdf careers_in_entertainment_sports.pdf careers_in_human_resources.pdf careers_in_information_technology.pdf careers_in_investment_banking.pdf careers_in_management_consulting.pdf careers_in_manufacturing.pdf careers_in_marketing_and_market_research.pdf careers_in_nonprofits_and_government_agencies.pdf careers_in_real_estate.pdf careers_in_supply_chain_management.pdf careers_in_venture_capital.pdf consulting_for_phds_doctors_lawyers.pdf specialized_consulting_careers.pdf Company Guides: accenture.pdf bain.pdf booz_allen.pdf boston_consulting_group.pdf citigroups_corporate_and_investment_bank.pdf credit_suisse_first_boston.pdf deloitte_consulting.pdf goldman_sachs.pdf jpmorgan_chase.pdf lehman_brothers.pdf mckinsey.pdf merrill_lynch.pdf morgan_stanley.pdf top_20_biotechnology_and_pharmaceutical_firms.pdf top_25_consulting_firms.pdf top_25_financial_services_firms.pdf Interview Guides: ace_your_case_i.pdf ace_your_case_ii.pdf ace_your_case_iii.pdf ace_your_case_iv.pdf ace_your_case_v.pdf ace_your_interview...
Words: 505 - Pages: 3
...to the shareholders of Tim Hortons. This report includes a review of Tim Hortons’ past strategies by focusing on its origins from the beginning to the establishment of their valuable “Brand” reputation in Canada. We will perform an analysis of the past, present, and future strategies of the business. 2 Tim Hortons Mission and Vision Statements 2.1 Mission Statement: Our guiding mission is to deliver superior quality products and services for our guests and communities through leadership, innovation and partnerships. 2.2 Vision: Our vision is to be the quality leader in everything we do. 3 History Tim Horton’s chain of restaurants was originated in 1964 in Hamilton, Ontario, Canada by Tim Horton. In 1967 Tim Horton and Ron Joyce became full partners. Ron Joyce was the franchisee of restaurant in Hamilton....
Words: 2393 - Pages: 10
...It is believed to be the most magnificent real estate bargain in American history. However, the purchase introduced several unnecessary problems for the United States. For instance, while France originally settled the Louisiana Territory, it had been controlled by Spain since France's defeat in the Seven Years' War in 1763. When France finally regained control over the territory in 1800, part of their treaty with Spain promised that France would not sell the Louisiana Territory to a third party. The United States was directly antagonizing Spain by purchasing the territory from France. Opponents of the Louisiana Purchase feared that Spain would attempt to reclaim the Louisiana Territory by force, therefore creating tension with...
Words: 988 - Pages: 4
...Running head: CAUSE OF ECONOMIC CONDITIONS IN THE UNITED STATES AND THE UNETHICAL BUSINESS THAT LED TO IT Final Paper James Smith Hodges University GEB/PAD 6376 Dr. Forrer Week Due: 14 Due: 08/14/2011 Submitted: 08/10/2011 INTRODUCTION (Part 1) Why has the unemployment rate been above 12 percent for the last several years? Why have so many prior successful businesses closed in the last four years? Why have so many major corporations and publicly traded companies filed for bankruptcy? Why did a house that used to cost $200,000.00 just sell for $40,000.00? Why are foreclosures at the highest rate in US history? Maybe the question to ask is what has caused all of this? There are so many questions to be answered when it comes to the economic conditions in the United States. How did it get into the current condition? What were the signs of slipping into the crisis (economic indicators)? Whose actions were responsible? Was the responsible party also guilty of unethical behavior (big issue) or was it accidental. How long will it take for the economy to get back to being productive? In the past, America has been a very productive, successful country. There have been other recessions and a depression that have affected the U.S. but for some reason this current crisis was started by a completely different chain of events. What was the chain of events that triggered this...
Words: 3312 - Pages: 14
...Unit 3 Project: The U.S. Court System Tonya Laubs Kaplan University PA 101: Intro to Paralegal Profession Professor Hamilton February 21, 2012 The organization of the Federal Court consist of questions of law arising from the Constitution, questions concerning federal laws, statutes, codes, acts, and courts such as: bankruptcy, patent and trade. Federal courts have limited jurisdiction to hear federal questions, and diversity of citizenship. The diversity that Federal Courts can address are only if parties are from two different states and the controversial amount is $75,000.00 or above. It can be heard in Federal Court; however the case will still be held to applicable state laws. If it does not fall under federal jurisdictions then the issue is heard by the corresponding State. Federal Courts have jurisdiction over all citizens and resident’s at all times. There are tiered levels of the Federal Court System which include: * Trial Court - Beginning * Court of Appeals - Middle * U.S. Supreme Court - Highest Trial Court is where all cases begin. This is where they hear evidence, testimony, and make a ruling. The Court of appeals gives you the right to appeal this decision and the Supreme Court is the last opportunity to have an issue resolved. My State is Pennsylvania and I have discovered interesting information regarding my State system compared to the Federal System. Pennsylvania has the following Courts established: * Minor Courts...
Words: 859 - Pages: 4
...Urban Housing Markets in China Yongzhou Hou Stockholm 2009 Report 88 Building and Real Estate Economics Department of Real Estate and Construction Management Royal Institute of Technology Kungliga Tekniska Högskolan © Yongzhou Hou 2009 Royal Institute of Technology (KTH) Building & Real Estate Economics Department of Real Estate and Construction Management SE – 100 44 Stockholm Printed by Tryck & Media, Universitetsservice US-AB, Stockholm ISSN 1104-4101 ISRN KTH/BFE/M-09/88-SE ISBN 978-91-977302-5-9 Abstract This thesis focuses on problems of prices and risks in the housing markets of urban China. What drives the dynamics of housing prices across regions is not only of great interest for academic researchers but also of first importance for policy makers. It is also interesting to pay attention to the issue of housing bubbles at a city level and risk allocations from an institutional view. To address the issues, the thesis applies both qualitative and econometric approaches in analyzing the urban housing markets of China. The first paper reviews articles mainly published in Chinese core journals. The existing studies are mainly concerned with such six topics as institutions, policy, land, finance, price and market. The first three topics involve the public housing allocation system reform, such fiscal and monetary tools as tax and interest rate, and the land reserve system. The housing finance treats such subjects of mortgages, bubbles and financial systems...
Words: 7452 - Pages: 30
...Windshield Survey Bay Ridge is an interesting neighborhood with quiet residential areas, plenty of recreational activities, shops, and restaurants. The homes in Bay Ridge cover a wide spectrum of styles and prices. The housing here is mostly made up of single family homes on tree-lined streets, but there are also a lot of co-ops and some apartments. It's very safe; the neighbors in Bay Ridge are friendly and look out for each other. The population is mainly Italian, Greek, and Irish, but there are a good number of Arabic speaking residents as well. It also has a huge elderly population because this is a town where people stay their whole lives. There is no shortage of things to do with lots of restaurants that serve ethnic foods, nice parks, and a lovely pier where people fish. Most of the action takes place on 86th street, and there are more than one hundred bars in this town. While there are subway stations and an express bus in Bay Ridge, the commute to Manhattan is lengthy. Drivers have easy access to major highways, but parking can be challenging. Most people, especially the senior will walk to their destination. The lack of parking adds to the problem. It does not make sense to move the car when there is no parking available. Some houses have created their own parking spaces by making a space in the front yard Upon walking down 86th street, the street is lined with every kind of store you would expect to find in a mall in suburban America: Century 21, McDonald's, 86...
Words: 3290 - Pages: 14
...Journal of Business Cases and Applications The rise and fall of Circuit City Amy Hart The University of Tampa Erika Matulich, Ph.D. The University of Tampa Kimberly Rubinsak The University of Tampa Kasey Sheffer The University of Tampa Nikol Vann The University of Tampa Myriam Vidalon Nielson Abstract Circuit City paved its way in the consumer electronics retail market by committing to its Five S’s operating philosophy – selection, savings, service, satisfaction, and speed. However, the company fell victim to several poor business decisions in the early 2000’s that eventually led to the filing of Chapter 11 bankruptcy in 2008 and its closing in 2009. This case highlights the importance of identifying appropriate product differentiation strategies, building a distinctive competence, monitoring the competitive landscape and making sound business decisions. It will landscape, also aid the student’s understanding of the role and impact of management and explain the importance of employee engagement, satisfaction, and retention. Keywords: Circuit City, Five S’s, customer service, product differentiation, competitive ity, landscape, employee retention, Alan McCollough, Philip Schoonover, layoff, Chapter 11 bankruptcy Rise and fall, Page 1 Journal of Business Cases and Applications INTRODUCTION history This case covers the time period in Circuit City’s history between the decision of CEO Alan McCollough to halt the sale of appliances in 2000 and the decision of CEO Philip...
Words: 3322 - Pages: 14
...LEGAL FORMS OF BUSINESS Preferred Form of Business for Different Business Scenarios Abstract Either when starting a business, or even when the venture parameters have changed, owners must decide in regard to the most suitable business structure for their needs. Whether the business will be a sole proprietorship, partnership, limited liability company (LLC) or corporation, it depends on the type of business, how many owners it has, and its financial situation. There is no one choice that suits every business situation. This paper analyses several of the most important factors to be considered when deciding in regard to the business structure, including: • Potential risks and liabilities of the business • Formalities and expenses involved in establishing and maintaining the various business structures • Owners’ income tax situation, and • Capital investment needs. Also this paper provides recommendations and examples of business structures which are suitable for different ventures. Sole Proprietorship A sole proprietorship is a one-trader business, that is, an entity owned and managed by one person. The formation and structure of a sole proprietorship business can is very informal, is not subject to extended federal or state regulation, and is relatively simple to manage and control. The main characteristic of a sole proprietorship is that the owner is inseparable from the business, which gives the owner complete control over...
Words: 3501 - Pages: 15
...[YOUR LAST NAME] 1 [YOUR NAME] [PROFESSOR’S NAME] [COURSE NAME] [DATE] Classical Sculpture Classical sculpture did not appear from nothing; its genesis was not that of Athena’s birth from the head of Zeus, but a rather more sedate process. The roots of classical sculpture are, surprisingly, to be found in Egypt. The Egyptians had highly developed sculpture, most of which had religious implications, as can be seen by the hieroglyphic inscriptions on many of the pieces (Wilkinson, 34-37). Subjects of sculptures included the numerous gods and goddesses of the Egyptian pantheon, pharoahs (who were considered divine) and slaves and other figures created for inclusion in burials; these sculptures, along with real items (e.g., chariots) would become part of the deceased’s “estate” in the afterlife (ibid., 64). The majority of Egyptian sculptures were all in the same style, regardless of whether they represented an animal-headed god, a king, or a scribe. The typical pose was frontal and standing, with the arms hanging close to the body, the hands with clenched fists, the left foot slightly advanced, and an ambiguous facial expression. It must be noted that this “typical Egyptian style” is much more a product of the Egyptian belief system and its associated symbology than the artistic imagination or technical competence of Egyptian artisans (ibid., [YOUR LAST NAME] 2 88). The influence of this Egyptian style can be seen on some of the earliest Greek sculptures, particularly those of...
Words: 1681 - Pages: 7
