The Appraisal Journal 1992: Vol 60 Index

9 Pages·1992·2.3 MB·English

INDEX TO VOLUME LX 1992
SUBJECTS
Airports Cash equivalence adjustment Development
retailing, 163-169 calculation of, 275—282 cost of hotels, 380-393
entrepreneurial profit, 14—24
Amenity values Churches and religious facilities pitfalls in underwriting of, 38—43
economic value, 438-439 appraisal of, 99-106 site attributes affecting
second-high bid, 288-290 Classifications for commercial development of retail centers,
Americans with Disabilities Act real estate 521-531
implications for appraisers, apartment buildings, 238-239 unearned entrepreneurial profit
347-356 office buildings, 239-240 analysis, 366-379
Apartment buildings retail centers, 240—246 Discounted cash flow analysis
classifications for, 238—239 warehouses, 246 analysis of individual value
Contaminated property components, 357-365
Appraisal (see also valuation)
and value effects, 7-13 analyzing entrepreneurial profit,
applications of Geographic
environmental laws and just 371-378
Information Systems (GIS)
compensation, 59-67 and participating mortgage
software, 483-492
estimating value diminution, interests, 510-520
in Czechoslovakia, 52-58
283-287 discount rates, 267-274
institutional counselor, 214—217
lenders’ perspectives 394—398 flaws in, 549-555
firm ownership issues, 228--236
risk and value effects, 155-162,
legacy of the 1980s, 33-37
market segmentation for 463-471 Easements
appraisers, 564—567 tax refund for asbestos, 427-428 electric transmission line value
review appraiser’s perspective, Cost approach ratios, 399-412
178-183 entrepreneurial profit in, 14-24 power lines and property values,
scientific method and appraisal in forecasting office rental rates, 413-418
process, 493-499 113-128 railroad, 79-85
scope of the appraisal, 74-78, in Japan, 46—48 Economic characteristics
441-442 in the United Kingdom, 251 accuracy of vendors’ projections,
transatlantic perspective, 247-256 in valuing religious facilities, 170-177, 580-582
real-time appraising, 419-423 101-103 economic indicator in sales
regulatory requirements, 331-346, in valuing shopping centers and comparison, 145
428-429, 500-509 malls, 453—462 Geographic Information Systems
user-friendly reports, 500-509 real-time appraising, 419-424 (GIS) and TIGER files,
Appraisal firms reevaluation of, 424-426 483-492
job design, 218-227 Cross-examination use in sales comparison, 91—98
market segmentation for, 564-567 preparation for, 472—482 value of location and market
ownership issues, 228-236 factors in retail leasing,
training programs, 86—90 Czechoslovakia 521-531
appraisal in, 52-58
Appraisal review Entrepreneurial profit
and regulation, 344—345 analyzing “unearned,” 366-379
and underwriting, 38-43 Dent coverage ratio in the cost approach, 14-24
analysis, 40
review appraiser’s perspective, Environmental issues
178-183 Demographics hazardous materials and property
At-the-fence value accuracy of private vendors’ value, 155—162, 463-471
of railroad corridors, 79-85 projections, 170-177, 580-582 just compensation, 59-67
Geographic Information Systems lenders’ perspectives, 394-398
(GIS) and TIGER files, power lines and property values,
Business value 483-492 413-418
of super-regional shopping centers site attributes affecting retail sales, stigma, 7-13
and malls, 453—462 521-531 tax refund for asbestos, 427-428
590
INDEX TO VOLUME LX 1992
SUBJECTS
Airports Cash equivalence adjustment Development
retailing, 163-169 calculation of, 275—282 cost of hotels, 380-393
entrepreneurial profit, 14—24
Amenity values Churches and religious facilities pitfalls in underwriting of, 38—43
economic value, 438-439 appraisal of, 99-106 site attributes affecting
second-high bid, 288-290 Classifications for commercial development of retail centers,
Americans with Disabilities Act real estate 521-531
implications for appraisers, apartment buildings, 238-239 unearned entrepreneurial profit
347-356 office buildings, 239-240 analysis, 366-379
Apartment buildings retail centers, 240—246 Discounted cash flow analysis
classifications for, 238—239 warehouses, 246 analysis of individual value
Contaminated property components, 357-365
Appraisal (see also valuation)
and value effects, 7-13 analyzing entrepreneurial profit,
applications of Geographic
environmental laws and just 371-378
Information Systems (GIS)
compensation, 59-67 and participating mortgage
software, 483-492
estimating value diminution, interests, 510-520
in Czechoslovakia, 52-58
283-287 discount rates, 267-274
institutional counselor, 214—217
lenders’ perspectives 394—398 flaws in, 549-555
firm ownership issues, 228--236
risk and value effects, 155-162,
legacy of the 1980s, 33-37
market segmentation for 463-471 Easements
appraisers, 564—567 tax refund for asbestos, 427-428 electric transmission line value
review appraiser’s perspective, Cost approach ratios, 399-412
178-183 entrepreneurial profit in, 14-24 power lines and property values,
scientific method and appraisal in forecasting office rental rates, 413-418
process, 493-499 113-128 railroad, 79-85
scope of the appraisal, 74-78, in Japan, 46—48 Economic characteristics
441-442 in the United Kingdom, 251 accuracy of vendors’ projections,
transatlantic perspective, 247-256 in valuing religious facilities, 170-177, 580-582
real-time appraising, 419-423 101-103 economic indicator in sales
regulatory requirements, 331-346, in valuing shopping centers and comparison, 145
428-429, 500-509 malls, 453—462 Geographic Information Systems
user-friendly reports, 500-509 real-time appraising, 419-424 (GIS) and TIGER files,
Appraisal firms reevaluation of, 424-426 483-492
job design, 218-227 Cross-examination use in sales comparison, 91—98
market segmentation for, 564-567 preparation for, 472—482 value of location and market
ownership issues, 228-236 factors in retail leasing,
training programs, 86—90 Czechoslovakia 521-531
appraisal in, 52-58
Appraisal review Entrepreneurial profit
and regulation, 344—345 analyzing “unearned,” 366-379
and underwriting, 38-43 Dent coverage ratio in the cost approach, 14-24
analysis, 40
review appraiser’s perspective, Environmental issues
178-183 Demographics hazardous materials and property
At-the-fence value accuracy of private vendors’ value, 155—162, 463-471
of railroad corridors, 79-85 projections, 170-177, 580-582 just compensation, 59-67
Geographic Information Systems lenders’ perspectives, 394-398
(GIS) and TIGER files, power lines and property values,
Business value 483-492 413-418
of super-regional shopping centers site attributes affecting retail sales, stigma, 7-13
and malls, 453—462 521-531 tax refund for asbestos, 427-428
590
valuing natural land, 288-290, real-time appraising, 419-424 Ownership issues
438-439 risk-adjusted rates of return, appraisal firms, 228-236
wetlands, 107-112, 443-444 357-365, 532-548 fractional interests, 184—194
in Czechoslovakia, 52-58
Equity /land residual model
and entrepreneurial profit, 14—24 Japan participating mortgage interests,
510-520
Ethics appraisal in, 44-51
ceoxnpfeirdte ntteiasltiitmyo,n y,2 5-6382—,7 3,4 444 72-482 reaclh aersatcatteer isitnivcess tmien,n t 195—205 Parvtailucaitpiaotni nogf , m5o1r0t-g5a2g0e interests
pitfalls in underwriting, 38—43 Job design
regulatory requirements, 331—346, and retaining appraisers, 218—227 Pollution
500-509 and property values, 7-13,
Just compensation 155-162, 463-471
Electric transmission lines and environmental laws, 59-67 electromagnetic radiation and
impact on property values, electric transmission line property values, 413-418
413-418 easements, 399-412 environmental! laws and just
value ratios, 399—412 eminent domain working rules, compensation, 59—67
143-144 lenders’ perspectives, 394—398
Feasibility tax refund for asbestos, 427—428
approach to valuing religious Legal issues Professional development
facilities, 105 Americans with Disabilities Act, confidentiality obligations, 25-32
site attributes and retail leasing, 347-356 cross-examination preparation,
521-531 cross-examination preparation, 472-482
Financial issues 472-482 firm ownership issues, 228-236
investment characteristics of real eminent domain working rules, global real estate services,
estate abroad, 195-205 143-144 206-213
investment return and risk, expert testimony requirement, impact of regulation on quality,
$32-548 68-73 428-429
participating mortgage interests, regulatory requirements for institutional counselor, 2]4—217
510-520 appraisals, 331-346 market segmentation for
pitfalls in underwriting, 38—43 subpoenas and confidentiality, appraisers, 564-567
price, value, and the financial 25-32, 444 pitfalls in underwriting, 38—43
system, 33-37 tax refund for asbestos, 427—428 program for appraisers, 86—90
recession, credit crunch, and Listing price promoting excellence beyond
REITs, 291-296 effect on cash equivalence, certification, 86—90
securitization, 323—330 275-282 real-time appraising, 419-423
Foreign real estate regulatory requirements, 331-346,
appraisal in Czechoslovakia, Market approach (see Sales 500-509
52-58 comparison approach) retaining appraisers, 218—227
appraisal in Japan, 44-51 review appraiser’s perspective,
appraisal in the United Kingdom, Market segmentation 178-183
247-256 for appraisal firms, 564-567 scientific method in appraisal
global real estate services, Market value process, 493-499
206-213 and natural lands, 288-290, user-friendly reports, 500-509
investment characteristics of, 438-439
195-205 controversy concerning, 556-560 Rail corridors
Fractional interests definition of, 313-322 valuation of, 79-85
in real estate limited partnerships, elusive standard, 313-322 Real estate counseling
184-194 eminent domain working rules, analyzing investment risk and
143-144
return, 532-548
real-time appraising, 419-424
Geographic Informatien Systems global, 206—213
refocus on, 560-563
(GIS) software institutional, 214-217
tax refund for asbestos, 427—428
applications for real estate, Real estate limited partnerships
483-492 Multiple regression analysis valuation of fractional interests,
and adjusting comparable sales,
184-194
129-135
Hotels
in analyzing site attributes in retail Real-time appraising
estimating replacement cost,
leasing, 521-531 updating value, 419-424
380-393
to determine effect of listing price Regulation
on cash equivalence, 275-282 Americans with Disabilities Act,
Income approach
347-356
analysis of other income, 257-266
Office buildings and institutional counselors,
capitalization problems, 549-555
classifications for, 239-240 214-217
discount rates, 267-274
comparison of in U.K. and U.S., and underwriting, 38—43
historical view of, 493-499
252-256 impact on appraisal quality,
estimating value diminution,
forecasting rental rates for, 428-429
283-287
113-128 requirements for appraisals,
in Japan, 50-51
tax refunds for asbestos, 427—428 331-346, 500-509
in the United Kingdom, 250-251
in valuing shopping centers and Other income Rent concessions
malls, 453—462 analysis of, 257-266 effect on value, 34
Index
Replacement /reproduction cost in valuing shopping centers and and regulation, 331-346
effects on office rents, 113-128 malls, 453—462 appraisal review, 38—43, 178-183
hotels, 380-393 real-time appraising, 419-424 scope of the appraisal, 74-78,
reevaluating cost approach, to value storage facilities, 441-442
424-426 142-143
religious facilities, 101-103 Scientific method
Retail centers and appraisal, 493-499 Valuation
business value of super-regional
business value of super-regional Scope of the appraisal shopping centers and malls,
shopping centers and malls, analysis of, 74-78, 441-442 453-462
453-462
airport retailing, 163-169 Securitization churches and religious facilities,
classifications for, 240-246 of real estate, 295-296, 323-330 99-106
effect of hazardous materials on
value of location and market Seller financing value, 7-13, 155-162
factors in retail leasing, adjustment for, 275-282 electric transmission line
521-531
Special-use properties easements, 399-412
Right-of-Way churches and religious facilities, estimating hotel replacement cost,
railroad corridors, 79-85 275-282 380-393
electric transmission line, 399-412 fractional interests in real estate
Stigma
Risk-return relationship and value, 7-13, 155-162, limited partnerships, 184-194
analysis of investment risk, 463-471 participating mortgage interests,
532-548 ienders’ perspectives on, 394-398 510-520
analysis of value components, rail right-of-way, 79-85
357-365 Storage facilities site attributes for sub shop
estimating value diminution, classification of, 246 restaurants, 521-531
283-287 sales comparison approach, transatlantic perspective of,
142-143 247-256
wetlands, 107-112
Sales comparison approach
adjusting comparables with Underwriting Value diminution
multiple regression analysis, environmental issues in, 394—398 estimation by income approach,
129-135 legacy of the 1980s, 33-37 283-287
and electric transmission line pitfalls in, 38-43
easements, 399-412
United Kingdom
economic characteristics in,
appraisal in, 247-256 Wetlands
91-98, 439-441
real estate investment appraisal of, 107-112, 443-444
economic indicator in, 145
characteristics in, 195-206
in Japan, 48 Warehouses
in the United Kingdom, 251-252 Uniform Standards of Professional classifications for, 246
in valuing religious facilities, Appraisal Practice (USPAP) sales comparison approach,
103-104 and appraisal reports, 500-509 142-143
TITLES
“The Accuracy of Economic/ ‘‘Analyzing ‘Other’ Income”’ ‘‘Appraising Wetlands’’
Demographic Projections Made by by William Ted Anglyn, Charles by William Bunkley and Charles
Private Vendors of Secondary P. Edmonds III, and John H. P. Edmonds III, 107-112
Data’’ Hand, 257-266
by Joseph Rabianski, 170-177 **Analyzing ‘Unearned’ C‘h‘aArpapcrtoeprriisattiec s Usien s thoef SEacloesn omic
‘‘Adjusting Comparable Sales Entrepreneurial Profit’’ Comparison Approach’’
Using Multiple Regression by William Ted Anglyn, 366-379 by Mark W. Galleshaw, 91-98
Analysis—The Need for ‘*Appraisal Methods in
Segmentation’’ Czechoslovakia and Their ‘The Business Value of Super-
by JoBaocbhbiym AZ.i etNze, ws1o2m9-e1 35a nd Probbya bJlaer omDire veRlyospkma,e nt5’2’- 58 RMaelgliso’n’a l Shopping Centers and
‘*Airport Retailing is Taking Off’’ ‘*The Appraisal of Churches and by George R. Karvel and Peter J.
by Howard C. Gelbtuch, 163-169 Religious Facilities’’ Patchin, 453-462
by Martin H. Aaron and John H.
‘‘Amenity Values and the
Wright, Jr., 99-106
Centrality of the Second-Highest «Classifications for Commercial
Bid’’ ‘‘Appraising Japanese Real Real Estate’’
by Robert P. Latham and Rebecca Estate”’ by Marshall F. Graham and
Johnson, 288-290 by Mary Alice Hines, 44—51 Douglas S. Bible, 237-246
592 The Appraisal Journal, October 1992
**Commercial Real Estate and the ‘‘Impact of Regulation on ‘‘Real-Time Appraising: Bringing
Americans with Disabilities Act: Appraisal Quality”’ Value Up to Date’’
Implications for Appraisers’’ by Peter F. Colwell and Joseph by Jared Shlaes, 419-424
by Robert J. Aalberts and W. Trefzger, 428-429
Terrence M. Clauretie, 347-356 ‘‘Regulatory Requirements for
‘*‘Implementing Discounted Cash Appraisals”’
‘*Cross-Examination: How to Flow Valuation Models: What is by Kim Dennis, 331-346
Protect Yourself and the Appraisal the Correct Discount Rate?’’
‘‘The Requirement of Expert
Report”’ by David C. Ling, 267-274
Testimony in Appraisal Litigation”’
by Joseph Rabianski and Neil G.
Carn, 472-482 ‘Income Capitalization Problems’’ by Timothy J. Harris, 68-73
by Robert Plattner, 549-555
**Rethinking the Cost Approach’’
‘*The Institutional Counselor’’ by Richard Marchitelli, 424-426
««E,asement-to-F ee-Simple Value
Ratios for Electric Transmission by Patrick M. Walker, 214-217 ‘‘A Review Appraiser’s
Line Easements: A Common Sense Perspective”’
‘*The Investment Characteristics of
Approach’’ Real Estate in Other Countries”’ by Christine A. Fisher and John
by Gordon G. Green, 399-412 H. Wright, Jr., 178-183
by Alan J. Ziobrowski and
Richard J. Curcio, 195-205
“The Effect of Listing Price on
Cash Equivalence”’ *‘Investment Return and Risk’’ «The Scientific Method and the
by Mark A. Sunderman, Roger E. by Gene Dilmore and Albert R. Appraisal Process’’
Cannaday, and Peter F. Colwell, Wilson, 532—548 by Bill Mundy, 493-499
275-282
**Scope of the Appraisal—A
‘*Entrepreneurial Profit, Redux’’ Practical Analysis’’
“The Legacy of the 1980s’’
by Steven D. Kapplin, 14-24 by William Ted Anglyn and John
by Henry Hart Rice, 33-37
A. Robinson, 74-78
‘‘Estimating Hotel Replacement
‘‘Lenders’ Perspectives on
Cost’’ ‘‘Site Attributes in Retail Leasing:
Environmental Issues’’
by Michael Cahill and Mark M. An Analysis of a Fast-Food
by Patricia R. Healy and John J.
Mitroka, 380-393 Restaurant Market’’
Healy, Jr., 394-398
by Robert A. Simons, 521-531
‘*Estimating Value Diminution by
the Income Approach’’ «Market Segmentation for **Stigma and Value”’
by Richard A. Neustein, 283-287 Appraisal Firms’’ by Bill Mundy, 7-13
by John A. Simpson, 564—567 ‘*Strategies for Retaining Your
‘Financial Views, Summer— ‘‘Market Value: The Elusive Best Appraisers”’
1992”’ Standard”’ by Mark Dotzour, Cynthia
by James E. Gibbons, 568-571 by Richard Marchitelli and Peter Lengnick-Hall, and Mark
F. Korpacz, 313-322 Lengnick-Hall, 218-227
‘‘Financial Views, Winter—1992’’
‘‘Subpoena versus Confidentiality
by James E. Gibbons, 291-296
Obligations for Appraisers’’
«Owners Get Tax Refund Due to
‘*Forecasting Office Rental Rates: Asbestos”’’ by Alfred M. Benson and John F.
Neoclassical Support for Change’’ 427-428 Munger, 25-32
by David L. Clark and Charles G.
Dannis, 113-128 ‘‘Ownership Issues in an Appraisal
Firm”’ ‘«‘Unbundling the Cash Flow:
by Stanley R. Adamson and Beyond the Property Internal Rate
«Geographic Information Robert W. Owens, 228-236 of Return”
Systems: Applications for the
by John J. Healy, Jr. and Jeffrey
Study of Reai Estate’’
Teetsel, 357-365
by Robert J. Aalberts and Douglas ‘Pitfalls in Underwriting
S. Bible, 483-492 Commercial Real Estate’’ ‘‘User-Friendly Appraisal
by Philip Marc Barlow, 38-43 Reports’’
**Global Real Estate Services’’
by Gregory F. Lynch, 500-509
by Mary Alice Hines, 206-213 ‘‘Promoting Excellence Beyond
State Certification”’
by Edgar B. Madsen, 86-90
“The Impact of Hazardous ‘‘Valuation of Fractional Interests
Materials on Property Value’’ in Real Estate Limited
by Bill Mundy, 155-162 «Rail Right-of-Way Valuation” Partnerships—Another Approach’’
by Frederick D. Miltenberger, by Brad Davidson, 184-194
‘“‘The Impact of Hazardous 79-85
Materials on Property Value: ‘Valuation of Participating
Revisited”’ ‘*Real Estate Securitization’’ Mortgage Interests’’
by Bill Mundy, 463-471 by Howard C. Gelbtuch and by Stephen T. Crosson and David
Pamela Lipkin, 323-330 L. Clark, 510-520
‘‘Impact of Power Transmission
Lines on Property Values: A Case ‘*Real Estate Valuation—A
Study’’ Transatlantic Perspective’’ «Will New Environmental Laws
by Hsiang-te Kung and Charles F. by Nancy A. Novelli and Andrew Redefine Just Compensation?”’
Seagle, 413-418 Procter, 247—256 by Bowen P. Weisheit, Sr., 59-67
Index 593
CASES IN BRIEF
Award upheld for landowner in Insufficient support found for «Spot zoning” not necessarily
undeveloped property economic obsolescence estimate in unreasonable, 572-573
condemnation case, 430-431 tax assessment case, 430
Tax assessment based on
Court accepts Tax Appeal Board’s Inverse condemnation in a case of comparable sales allowed to stand,
adoption of market approach in street classification, 136 137
valuation of rental property,
Taxation of a shopping mall, 297
431-432
Low-income housing for elderly not Tax exemptions for city-leased land,
The effect of leases on real property exempt from taxation, 573-574 136-137
taxes, 297-298 True value and sale price found not
Nonresident alien corporation denied to conflict in commercial property
Eminent domain damages affected open-space land designation, 573 tax assessment case, 432
by construction delay, 137-138
Use of recorded reservation map
“Historic” designation found unfair Residential zoning classification constitutes compensable taking of
to owner, 572 found unreasonable, 299 property, 298
AUTHORS
Aalberts, Robert J., 347-356, Fisher, Christine A., 178-183 Madsen, Edgar B., 86-90
483-492 Marchitelli, Richard, 313-322,
Aaron, Martin H., 99-106 Galleshaw, Mark W., 91-98, 424-426
Adams, Victoria, 439 440-441 Mason, James J., 556-560
Adamson, Stanley R., 228-236 Gelbtuch, Howard C., 163-169, Meisner, Gary E., 140-141, 433
Anglyn, William Ted, 74-78, 323-330 Miltenberger, Frederick D., 79-85
257-266, 366-379, 441-442 Gibbons, James E., 291—296, Mitroka, Mark M., 380-393
568-571 Moye, Andrew J., 145
Barlow, Philip Marc, 38-43 Gimmy, Arthur E., 434-436 Mundy, Bill, 7-13, 155-162, 439,
Benson, Alfred M., 25-32 Graham, Marshall F., 237-246 463-471, 493-499
Bible, Douglas S., 237-246, Green, Gordon G., 399-412 Munger, John F., 25-32
483-492
Buczko, Mark S., 580-581 Hand, John H., 257-266 Neustein, Richard A., 283-287
Bunkley, William, 107—112, Harris, Timothy J., 68-73 Newsome, Bobby A., 129-135
443-444 Hartman, Donald J., 300-301 Nimmo, George P., 443
Healy, John J., Jr., 357-365, Novelli, Nancy A., 247-256
394-398
Cahill, Michael, 380-393 Healy, Patricia R., 394-398 Owens, Robert W., 228-236
Cannaday, Roger E., 275-282 Henslee, Denise, 144
CCCCaalararvlrnayk,nl, ae ,uN DegaihRlv,. i dGC .De,acL vi.li4,, d7 ,21 4-1443118- 42132 -81,4 4 510-520 HHHiounwmeeps,h, reMRyae,xr y WCa.A,ll tiec4re3, 6 —H4.44,3 -75 114,5 206-213 PPPelatatitctt,hn iernL,,. RRPoaebnteedrrot l,pJ .h,,5 44753-305-154-363 20 2
Clauretie, Terrence M., 347-356 Procter, Andrew, 247-256
Johnson, Rebecca, 288-290
Colwell, Peter F., 275-282,
428-429 Rabianski, Joseph, 170-177,
Crosson, Stephen T., 510-520 Kapplin, Steven D., 14-24 472-482, 581-582
Curcio, Richard J., 195-205 Karvel, George R., 453-462 Reynolds, Parker, 438-439
Korpacz, Peter F., 313-322 Rice, Henry Hart, 33-37
Kung, Hsiang-te, 413-418 Robinson, John A., 74-78, 441-442
Dannis, Charles G., 113-128 Ryan, James P., 560-563
Davidson, Brad, 184-194 Latham, Robert P., 288-290 Ryska, Jaromir, 52-58
Dennis, Kim A., 331—346
Lengnick-Hall, Cynthia, 218-227
Dilmore, Gene, 532—548 Lengnick-Hall, Mark, 218-227 Schneider, Philip H., 439-440
Dotzour, Mark, 2!18—227
Levine, Mark Lee, 444 Seagle, Charles F., 413-418
Downs, Anthony, 302—303
Levy, David J., 142 Shlaes, Jared, 419-424
Dushoff, Jay, 144
Ling, David C., 267-274 Simons, Robert A., 521-531
Lipkin, Pamela, 323-330 Simpson, John A., 564-567
Edmonds, Charles P. II, 107-112, Love, A. Scruggs, 556-560 Sindt, Roger P., 139-140
257-266, 443-444 Lynch, Gregory F., 500-509 Sunderman, Mark A., 275-282
594 The Appraisa! Journal, October 1992
Teetsel, Jeffrey, 357-365 Weisheit, Bowen P., Sr., 59-67 Zietz, Joachim, 129-135
Trefzger, Joseph W., 428-429 Wilson, Albert R., 531—546 Zimmer, Derek W., 142-143
Wright, John H., Jr., 99-106, Ziobrowski, Alan J., 195-205
Walker, Patrick M., 214-217 178-183
BOOK REVIEWS
Charles B. Akerson Rex C. Howe The Federal Tax Law of
Graaskamp on Real Estate Guide to Business Valuations, Conservation Easements, 2nd
edited by Steven B. Jarchow, Ist ed. ed.
578-579 by Shannon Pratt et al., 436-437 by Steven J. Small, Esq., 433
John Kokus, Jr. Roger P. Sindt
Arthur E. Gimmy Wetlands: Mitigating and Modern Real Estate, 4th ed.
Retirement Housing Markets— Regulating Development by Charles H. Wurtzebach and
Project Planning and Impacts Mike Miles, 139-140
Feasibility Analysis by David Salvesen, 577-578 Office Building Acquisition Book
by Susan B. Brecht, 434-436 by John T. Reed, 575-576
Gary E. Meisner
Appraising Easements:
John J. Healy, Jr. Guidelines for Valuation of
Real Estate and the RTC: A Historic Preservation and
Guide to Asset Purchases and Land Conservation Easements
Contracting by the National Trust for Historic
edited by Leonard A. Zax, Preservation and the Land Trust
576-577 Exchange, 140-141
ARTICLES IN SEARCH OF AN AUTHOR
Share your expertise and ideas, increase your professionalism, gain
national recognition—write for The Appraisal Journal! The Appraisal
Journal welcomes submissions on the following topics. Readers are
invited to suggest other topics that they would like to see in The Ap-
praisal Journal by writing or phoning the editorial office.
@ Market/marketability /feasibility studies of shopping centers, office
buildings, single-family subdivisions, or rural properties.
Comparable sales analysis
Valuation of cooperative apartment buildings
Real rates of return
Financing and its impact on real property transactions and value
Market tiers (including foreign investment) and effect on value
Methodologies for estimating highest and best use; most
probable use, etc.
Estimating or verifying “soft costs”
Valuation of mortgages with income and equity participation
features
Estimating or verifying “entrepreneurial reward”
Certification of appraisers; effect on users of appraisals and
appraisers
Techniques related to valuation of pension portfolios
Effect of income taxes on real estate
Impact of financial market changes on real estate values
Appraisal litigation
Mixed business, personalty, and real estate values
Analysis of new financing vehicles
Hazardous wastes
Relationship of securities market to real estate
Agribusiness valuation
Subdivision analysis and valuation
Golf course valuation
Appraisal of marinas