The Appraisal Journal 1994: Vol 62 Index

7 Pages·1994·1.8 MB·English

INDEX TO VOLUME LXIil 1994
SUBJECTS
Accounting issues developing training system, 229-233 property-to-property comparison, 64—67
FASB opens door to new appraiser role, effect of state certification on appraisal and recycling stations, 68—74
470-472 business, 217—221 use in timberland valuation, 587-595
treatment of debt financing for capital effective time management for appraisers, Compounding
‘ d . 2035 SS use of in estimating monthly adjustments
Appraisal (see also valuation) ; ‘ for market conditions, 251-255
accurate appraisals in rural market, 289— information access concerns, 379-381
295 interviewing techniques when hiring new Condemnation actions
, , we 7 appraisers, 322-323 supporting appropriate adjustments for,
a fa nne Se eggtne. He lender views on selecting and rejecting 558-571
appraising in an inflationary environment, _ Sppraisers, 367-371 Construction issues
507.513 Bd limiting firm’s liability and exposure, disposal of hazardous substances when
avoiding forecasting errors in appraisals, 4-97 . ; rebuilding urban communities, 424—
222-228, 654-655 management information systems, 525-— 438
comparison of appraisal practices 534 influences on industrial facility designs,
between U.S. and Israel, 118-123 Appraisal review 296-302
developing appraisal training system, communication in the review process, life safety systems, 626—630
229-233 197-202 roofing systems, 327-330
direction of value, 145—146 need for early warning system, 372—378 Contaminated propert
discounts associated with historic facade reviewer infallibility, 358-362 ae oe
ae ; S appraising recycling stations, 68—74
easements, 270-277 reviewing nursing home appraisals, 542— basis for an impaired value opinion,
evolution of appraisal reform and 545 410-423
__ fegulation, 26-46 usefulness of statewide peer review effect of new state EPA regulations for
illiquidity in appraisal market, 319-322 system, 86—93 disposal of hazardous substances on
impact of state certification on appraisal Attics cost to rebuild. 424—438
_ market, 26-46, 217-221, 363-366 problems in valuation of, 323-326 market research for recycling stations,
independent contractor or employee, 20— 439-445
25
‘ ; , ; nd the sal i ach, 402-
interview techniques for appraisal Bank branch valuation ’ 409 ae .
business, 322-323 an empirical approach, 171—180
limiting liability and exposure, 94—97 Continuing care retirement centers
. Basements appraisal of, 546-552
need ffoorr cmaorrley wacacrensisnigb les ysitnefmo,r ma3ti7o2n-,3 78 reasonabl. e adjustment for in residential how to review appraisals of, 542-545
appraisals, 518-524
379-381 Cost roach
need for statewide appraisal peer review Brazil prin. specialized assets, 75—85
system, 86-93 appraising experiences in, 507-513 in bank branch valuation, 171-180
quality function deployment at small need for continued use of, 144-145
appraisal firm, 382-390
standards and community lending, 553— Capital budgeting Cost modeling tried ,
557 three treatments of debt financing for use of to increase efficiency in appraisal
survey of clients, 113-117, 367-371 decisions concerning, 189-196 firm, 391-395
use of engagement letter to minimize
discrepancies, 11-15 a er ee : iat Debt financing
valuation and finance in 1990s, 353-357 aha agree 0ss y— ~ Nags three treatments of, 189-196
or a cash flow for project, 609-617
— theory of the Austrian school, 465 hierarchical order of cap rate Depreciation
determinants, 278—288 contaminated properties and sales
Appraisal clients income and expense estimates and direct comparison, 402—409
effect of state certification on appraisers’ capitalization, 314-316 valuation and finance in 1990s, 353-357
ability to obtain clients, 217-221 relevance and application of gross income Discounted cash flow analysis
len3d6e7r -3v7i1e ws on selection of appraisers, multiplier, 203-208 appliscnaaetii on of gross ii ncome multipipllii er,
. . Coastal property 203-208
— of appraisal clients—1993, 113- adjusting market value for beach quality, — the a. ow cash
ee 604-608 ow for a project, —
use of engagement letter to clarify limits . : .
of appraiser responsibility, 11-15 Communication skills ye ila
usen et ee to use in reviewing appraisals, 197-202 proper method of calculating monthly
P Comparable sales adjustments discount rates, 619-621
Appraisal firms accurate appraisal in a rural market, 289- treatments of debt financing for capital
agency relationships for institutional asset 295 budgeting decisions, 189-196
managers, 103-112 contaminated properties and, 402—409 use in income approach with Gordon
client needs, 113-117 and endangered species, 98-102 Growth Model, 124-128
660
INDEX TO VOLUME LXIil 1994
SUBJECTS
Accounting issues developing training system, 229-233 property-to-property comparison, 64—67
FASB opens door to new appraiser role, effect of state certification on appraisal and recycling stations, 68—74
470-472 business, 217—221 use in timberland valuation, 587-595
treatment of debt financing for capital effective time management for appraisers, Compounding
‘ d . 2035 SS use of in estimating monthly adjustments
Appraisal (see also valuation) ; ‘ for market conditions, 251-255
accurate appraisals in rural market, 289— information access concerns, 379-381
295 interviewing techniques when hiring new Condemnation actions
, , we 7 appraisers, 322-323 supporting appropriate adjustments for,
a fa nne Se eggtne. He lender views on selecting and rejecting 558-571
appraising in an inflationary environment, _ Sppraisers, 367-371 Construction issues
507.513 Bd limiting firm’s liability and exposure, disposal of hazardous substances when
avoiding forecasting errors in appraisals, 4-97 . ; rebuilding urban communities, 424—
222-228, 654-655 management information systems, 525-— 438
comparison of appraisal practices 534 influences on industrial facility designs,
between U.S. and Israel, 118-123 Appraisal review 296-302
developing appraisal training system, communication in the review process, life safety systems, 626—630
229-233 197-202 roofing systems, 327-330
direction of value, 145—146 need for early warning system, 372—378 Contaminated propert
discounts associated with historic facade reviewer infallibility, 358-362 ae oe
ae ; S appraising recycling stations, 68—74
easements, 270-277 reviewing nursing home appraisals, 542— basis for an impaired value opinion,
evolution of appraisal reform and 545 410-423
__ fegulation, 26-46 usefulness of statewide peer review effect of new state EPA regulations for
illiquidity in appraisal market, 319-322 system, 86—93 disposal of hazardous substances on
impact of state certification on appraisal Attics cost to rebuild. 424—438
_ market, 26-46, 217-221, 363-366 problems in valuation of, 323-326 market research for recycling stations,
independent contractor or employee, 20— 439-445
25
‘ ; , ; nd the sal i ach, 402-
interview techniques for appraisal Bank branch valuation ’ 409 ae .
business, 322-323 an empirical approach, 171—180
limiting liability and exposure, 94—97 Continuing care retirement centers
. Basements appraisal of, 546-552
need ffoorr cmaorrley wacacrensisnigb les ysitnefmo,r ma3ti7o2n-,3 78 reasonabl. e adjustment for in residential how to review appraisals of, 542-545
appraisals, 518-524
379-381 Cost roach
need for statewide appraisal peer review Brazil prin. specialized assets, 75—85
system, 86-93 appraising experiences in, 507-513 in bank branch valuation, 171-180
quality function deployment at small need for continued use of, 144-145
appraisal firm, 382-390
standards and community lending, 553— Capital budgeting Cost modeling tried ,
557 three treatments of debt financing for use of to increase efficiency in appraisal
survey of clients, 113-117, 367-371 decisions concerning, 189-196 firm, 391-395
use of engagement letter to minimize
discrepancies, 11-15 a er ee : iat Debt financing
valuation and finance in 1990s, 353-357 aha agree 0ss y— ~ Nags three treatments of, 189-196
or a cash flow for project, 609-617
— theory of the Austrian school, 465 hierarchical order of cap rate Depreciation
determinants, 278—288 contaminated properties and sales
Appraisal clients income and expense estimates and direct comparison, 402—409
effect of state certification on appraisers’ capitalization, 314-316 valuation and finance in 1990s, 353-357
ability to obtain clients, 217-221 relevance and application of gross income Discounted cash flow analysis
len3d6e7r -3v7i1e ws on selection of appraisers, multiplier, 203-208 appliscnaaetii on of gross ii ncome multipipllii er,
. . Coastal property 203-208
— of appraisal clients—1993, 113- adjusting market value for beach quality, — the a. ow cash
ee 604-608 ow for a project, —
use of engagement letter to clarify limits . : .
of appraiser responsibility, 11-15 Communication skills ye ila
usen et ee to use in reviewing appraisals, 197-202 proper method of calculating monthly
P Comparable sales adjustments discount rates, 619-621
Appraisal firms accurate appraisal in a rural market, 289- treatments of debt financing for capital
agency relationships for institutional asset 295 budgeting decisions, 189-196
managers, 103-112 contaminated properties and, 402—409 use in income approach with Gordon
client needs, 113-117 and endangered species, 98-102 Growth Model, 124-128
660
use in lender residential subdivision counseling university foundations, 316— Information systems
evaluation, 572-579 319 use in management of appraisal business,
destabilizing forces and need for early 525-534
Easements warning system, 372-378 Institutional appraisal
appraisal of endangered species habitat, facets of compounding, 234-239 agency relationships in appraising for
98-102, 129-137 FASB opens new role for appraisers, institutional asset managers, 103—112
appropriate adjustments in large-scale 470-472 institutional-grade real estate, 618-619
condemnation actions, 558-571 financial views—spring— 1994, 331-334 market discounting of partial ownership
discounts associated with historic facade implications of direction of value, 145— interests, 535-541
easements, 270-277 146 valuation and equity real estate
historic designation and residential implications of illiquidity on market, investment trusts, 150—152
property values, 396—401 319-321
subway tunnel easements in metropolitan institutional-grade real estate, 618-619 Interim uses
areas, 310-313 lender criteria for hiring appraisers, 367— evaluation of, 52-56
trends in appraising conservation 371 International appraisal
easements, 138-143, 481-488, 640- lender residential subdivision evaluation, appraising in the inflationary environment
647 572-579 of Brazil, 507-513
value of contributed property in utility market discounting of partial ownership
valuation, 264—269 interests, 535-541
three treatments of debt financing for Legal issues
Economic obsolescence capital budgeting decisions, 189-196 assignments involving endangered
appraising specialized assets, 75—85 and valuation in the 1990s, 353-357 species, 98-102
model for deriving replacement reserves, valuation and REITs, 150-152 community lending and appraisal
240-250 value of land in collapsing market, 146—- standards, 553-557
Environmental issues 149 dealing with regulators, 16—19
appraisals involving endangered species, value theory of Austrian school, 465—- effect of stigma on market value, 473-—
98-102 469 474
deaalmreppeneagrppgdr6d44h41airrukae82a73l4vaalen3vz 4-39iiiatg ,ae 7n-ssdt erlg4iieo4rdo nncr6 r4oegigpye45aus d ms0n si ee -ccpo anoo6rnsritnnso4mpcm,ts aeph7pr etc oa oireisilrnvef1ersivsoa2 dera ot9d llio- hsvrofra1 ien evb3nc diaci7ygtilync easu cltapelusi o sirtnsenbaigoagmang pl endmi n sanstto,ituasf aotr, tnib4 i,oa7o n3nns1s- 4,3,— 1 8 0—— Fordddefniseieesieumcrntttepppcfreaaieedproerocnsmrr losnrotcatmmipydeiivftdiiiei caoioeirnntnalnrnnnatiaa s g tggnyotnn ie ,dnovittaa sfnmsslrmai, g eldpo3 vyetpen0sooa rhem2tulff3warowua hb 5-riseaddlncd1os3,irraysde-a—0 svnp l 2 m9,i iss 5a1 san cr5n4ipdgao2ob d5jt n2rney-u s2, ss1ii -yfta4da2onsm2ve6n1r2teor7a g9e8nail8m9i,ttyd—-n,4si i2d i,onu8snf6 gs3,o8s t53 r7 r4 3i25-am1i-7l6na-3 —5r376k5383e 4 t eiillsuvaismnooenmpcdrmrd921 ldiaeeeoie54u t5scgps,mo -it3tut cefvmni9rl- r aengeio57a1leedx cnrot1 u5ptena fica4eai5nmg o i o-no tnpasanfc5f, tulsgili a 1,nree etca 7dmsemso2p’e anep56srptrcn 9— obpraet6f4rearild -6aticstiaiiata5 fwblfspolf9eieiap relte9clr rtina r aeitt oreiynim r fsgo aae otnarproer nlk psmmdaer o mp ntanildi,ia enon- snx iyuedpcmse2d ooiee1 su z,7urve tr—a ,e2l 2,2u0 e1-
rebuilding, 424—438 and transaction price, 11—15
use of sales comparison to value Golf course/country club communities Liquidity
contaminated properties, 402—409 issues in appraisal of, 181-188 financial views—spring—1994, 331-334
Equity Real Estate Investment Trusts Gordon Growth Model implications of lack of in current real
discounting of partial ownership interests, and the income approach to value, 124— estate market, 319-322
535-541 128
financial views—sprin1g99—4 , 331-334 Gross income multiplier Market analysis
institutional asset managing, 103-112 relevance and application of, 203-208 adjusting market value of coastal property
institutional-grade real estate, 618-619 for beach quality, 604—608
valuation and, 150-152 avoiding forecasting errors, 222-228,
valuation and finance in the 1990s, 353- Highest and best use 654-655
357 determining highest and best use of retail determining demand for industrial
property, 497-506 property, 303-309
Ethics
effect of land-use regulation on, 596-599 determining ground-lease rental rates,
agency relationships in appraising for
evaluating interim uses, 52-56 256-263
institutional asset managers, 103-112
discounting of partial ownership interests,
and appraisal reform in United States,
535-541
26—46 Income approach
effect of direction of value on, 145-146
community lending and appraisal and the Gordon Growth Model, 124—128
empirical approach to bank branch
standards, 553-557 lender use for collateral evaluation
valuation, 171-180
destabilizing forces in early 1980s, 372- purposes, 572-579
estimating monthly adjustment for market
378 proper method for calculating monthly
conditions, 251-256
implications of review process on, 358— discount rates, 619-621
historic designation and residential
362 and the property tax expense, 209-216 market values, 396-401
independent contractor status and URAR use in bank branch valuation, 171-180
implications of illiquidity in market,
form, 514-517 use in determining land value in
319-322
and peer review, 86—93 collapsing market, 146—149 land value in a collapsing market, 146—
will state certification decrease appraisal Industrial property 149
quality, 217-221, 363-366 determinants of demand for, 303-309 overview of senior housing market, 47—
ground-lease rental rates of, 256-263 51
Financial issues influences on design of, 296—302 and recycling stations, 68—74
agency relationships in appraising for recycling stations, 68-74, 439-445 supply and demand in residential
institutional asset managers, 103-112 roofing systems of, 327—330 subdivision analysis, 57-63
analysis of property tax expense, 209- value of contaminated sites, 402-409, use in appraisal of country club
216 424-438 communities, 181-188
use of retail sale data to evaluate retail limiting appraisal firm’s liability and roofing systems of, 327-330
centers, 497—506 exposure, 94—97 supply and demand in residential
need for access to information, 379-381 subdivision analysis, 57—63
Market value
need for early warning system, 372-378 underwriting standards for residential
land value in collapsing market, 146—149
need for statewide appraisal peer review mortgages, 609-617
of residential lots in abandoned railroad
system, 86-93 use of gross rent multiplier in valuing
right-of-way, 558-571
new role for appraisers offered by FASB, residential property, 203-209
use of beach quality to determine value
470-472 using engagement letter to minimize
of coastal property, 604-608
proper analysis in residential appraisal, discrepancies, 11—15
Mortgage issues 323-326 valuation of attics, 323-326
community lending and appraisal use of engagement letter to minimize value of a view in real estate market,
standards, 553-557 discrepancies between appraised value 600-603
comprehending compounding, 234—239 and transaction price, 11-15 valuing affordable multifamily housing,
differing treatments of debt financing for use of management information systems 446-454, 455-464
capital budgeting decisions, 189-196 to enhance appraisal business, 525-534
Retail centers
Multiple regression analysis using quality function deployment to sale data and the evaluation of, 497—506
use of to determine appropriate improve business at appraisal firm,
adjustments in sales comparison 382-390 Rural property
approach, 558-571 valuation and finance in next decade, accurate appraisals in a rural market,
use of to determine market value of 353-357 289-295
coastal property, 604—608 value theory of Austrian school, 465-469 sales comparison approach and
timberland valuation, 587—595
use of to quantify the value of a view in
single-family residential real estate Quality function deployment
markets, 600-603 use in business planning at small Sales comparison approach
appraisal firm, 382—390 comparison of residential lots, 57-63
property-to-property comparison, 64—67
Nursing home appraisals
and appraisal of continuing care Regulation and recycling stations, 68—74
retirement centers, 546-552 appraisal involving endangered species, use in appraising conservation easements,
how to review, 542-545 98-102, 129-137 138-143, 640-647
community lending and appraisal use in bank branch valuation, 171-180
Ontice buildings standards, 553-557 use in determining land value in
analyzing the property tax expense for, dealing with regulators, 16—19 collapsing market, 146—149
209-216 effect of land-use regulation on land use of regression analysis to determine
determining ground-lease rental rates for, value, 596-599 appropriate adjustments in, 558-571
256-263 evolution of in United States, 26—46 use in rural appraising, 289-295
hierarchy of determinants of the cap rate impact of state certification on market, Sinking-fund method
for, 278-288 217-221, 363-366 use of to evaluate replacement reserves,
roofing systems for, 327—330 need for statewide appraisal peer review 240-250
system, 86—93
valuing affordable multifamily housing, Standards of appraisal practice
Present values 446-454, 455-464 community lending and appraisal
derdiivsicnogu nti n rcaatlecs,u la6t1i9on- 62o1f monthly val4u1i0n-g4 2c3o,n ta4m2i4n-a4t3e8d property, 402—409, deasltianngd arwdist,h 5re5g3u-l5at5o7r s, 16—19
usefulness for underwriting purposes, destabilizing forces in 1980s, 372—378
609-617 Rental rates effect of state certification on appraisals,
Production methods determining ground-lease rates, 256—263 217-221, 363-366
influence on industrial facility design, influence of subway tunnel easement on, evolution of in the United States, 26-46
296-302 310-313 limiting appraisal firm’s liability, 94-97
Replacement reserves minimizing discrepancies between
Professional development a model approach to, 240-250 appraised value and transaction price
agency relationships in appraising for by using engagement letter, 11—15
institutional asset managers, 103—112 Residential issues need for statewide appraisal peer review
appraisal review issues, 197-202, 358- adjusting market value of coastal property system, 86—93
362 for beach quality, 604—608 new URAR and independent contractor
avoiding forecasting errors, 222-228 analyzing property tax expense, 209-216 status, 514-517
client criteria for appraisers, 113-117, consistency problems in adjustments in valuation and finance in 1990s, 353-357
367-371 residential appraisals, 518-524
comprehending compounding, 234—239 cost of rebuilding residential housing in State certification and
cost modeling to improve appraisal urban area, 424—438 effects of on client decisions, 113-117,
business, 391-395 determination of market value of 367-371
counseling university foundations, 316— residential lots in abandoned railroad evolution of in United States, 26—46
319 right-of-way, 558-571 impact of on appraisal market, 217-221,
dealing with regulators, 16—19 historic designation and residential 363-367
developing appraisal training system, market values, 396—401 Subway tunnel easements
229-233 issues in valuing country club in metropolitan areas, 310-313
effect of state certification on, 217-221, communities, 181-188
363-366 land value in collapsing market, 146-149
Tax issues
effective time management for appraisers, lender residential subdivision evaluation
580-586 using discounted cash flow analysis, analyzing property tax expense, 209-216
value discounts associated with historic
implications of appraisal litigation, 153- 572-579
155, 473-474 lender views on selecting and rejecting facade easements, 270-277
valuing property developed with low-
increasing ties with appraisers abroad, appraisers, 367-371
118-123 new URAR form and independent income housing tax credits, 446-454,
independent contractor or employee, 20- contractor status, 514—517 455-464
25 overview of senior housing market, 47— Timberland
interviewing potential appraiser 51 use of sales comparison approach to
employees, 322—323 property-to-property comparison, 64—67 value, 587-595
662 The Appraisal Journal, October 1994
Utilities of continuing care retirement centers, communities, 181-188
value of contributed property in valuation 546-552 of recycling stations, 68-74, 439-445
of, 264-269 of contributed property in utility of residential adjustments, 518-524
valuation, 264—269 of residential property, 57-63, 64-67
Valuation of endangered species habitat, 98—102, of retail centers, 497-506
of affordable multifamily housing, 446-— 129-137 in rural market, 289-295
454, 455-464 and equity real estate investment trusts, of senior housing, 47-51
of attics, 323-326 150-152 of specialized assets, 75—85
of bank branches, 171-180 of historic facade easements, 270-277 of subway tunnel easements, 310-313
of coastal property, 604—608 of industrial property, 303-309 theory of—the Austrian school, 465—468
of conservation easements, 138-143 of interim uses, 52-56 for university foundations, 316-319
of contaminated properties, 402-409, of partial ownership interests, 535-541 of a view, 600-603
410-423, 424-438 of private-equity golf/country club
TITLES
«© A? Is for Attic” “‘Comprehending Compounding”’ **Evaluating Interim Uses’’
by James Crookham, 323-326 by Robert C. Mason, 234—239 by Mark Galleshaw, 52-56
**Accurate Appraisals in a Rural Market: **Consistency Problems in Residential **Evolution of Appraisal Reform and
Some Problems and Solutions”’ Appraisals”’ Regulation in the United States’’
by James C. Walker, 289-295 by Mark Rattermann, 518-524 by Alison K. Bailey Seas, 26—46
‘Adjusting the Market Value of Coastal **Contaminated Properties and the Sales
Property for Beach Quality”’ Comparison Approach”’ ‘Financial Accounting Standards Board
by Jeffrey Pompe and James Rinehart, by Peter J. Patchin, 402—409 Opens Door to New Role for Appraisers”’
604-608 **Cost Modeling”’ by Richard J. Behrens, 470—472
**Agency Relationships in Appraising for by John A. Simpson, 391-395 ‘‘Fundamentals of Production that
Institutional Asset Managers’’ **Counseling University Foundations’’ Influence Industrial Facility Designs’’
by Stuart Fletcher and Barry A. Diskin, by John Myers, 296-302
by Rodney Mabry, Gary Ransdell, James
103-112
Robinson, and Neil Waller, 316-319
**Analysis of Land Value under Differing ‘The Gordon Growth Model and the
Land-Use Restrictions”’ «Dealing with Regulators’’ Income Approach to Value’’
by Henry C. Entreken and Jeffrey J. by Richard C. Sorenson, 16—19 by Marcus Jackson, 124-128
Boyle, 596-599
**Destabilizing Forces in the Early
**Analyzing the Property Tax Expense’’ Eighties: The Need for an Early Warning ‘‘Historic Designation and Residential
by William Ted Anglyn, Charles P. System’”’ Market Values”’
Edmonds, and John H. Hand, 209-216 H. Charles Johnston and James A. by Paul K. Asabere and Forrest E.
**Appraisal Assignments Involving Millar, 372-378 Huffman, 396—401
Endangered Species’’ ‘‘Determinants of the Capitalization *“*How Clean Is Clean?’’
by Krisandra A. Guidry and A. Quang Rate: A Hierarchical Framework’”’ by Robert Simons, 424—438
Do, 98-102 by David RR Parker, 278-288 **How to Review a Nursing Home
“*The Appraiser in Court’’ **Determinants of Demand for Industrial Appraisal”’
by David M. Goldberg, 153-155 by John Simpson, 542-545
‘‘Appraising Affordable Multifamily by William T. Hughes, Jr., 303-309
Housing”’ *‘Determining Ground-Lease Rental «Tmpact of State Certification on the
by David C. Nahas, 455-464 Rates’’ Commercial Appraisal Market’’
‘*Appraising Continuing Care Retirement by Chris Caraeghi, 256—263 by Robert C. Evans, 217-221
Centers: The Income Approach”’ “Developing an Appraisal Training “‘Improve Your Appraisals by Avoiding
by David Michael Keating and Gary L. System”’ Forecasting Errors’’
Brace, 546-552 by John A. Simpson, 229-233 by Douglas D. Lovell, 222-228
‘‘Appraising Proposed Recycling *‘Direction of Value’’ **Income and Expense Estimates and
Stations”’ by Alfred M. Benson, 145-146 Direct Capitalization’’
by John A. Simpson, 68-74 by MacKenzie S. Bottum, 314-315
“Do We Need a Statewide Appraisal
Peer Review System”’ **Institutional-Grade Real Estate’’
‘‘Bank Branch Valuation: An Empirical by Gerald E. Smolen, 86-93 by Peter F. Korpacz, 618-619
Approach’’
by Scott M. Schafer, 171-180 “*Interview on Wheels”’
“Effective Time Management’’ by William T. Watras, 322-323
‘‘Brazil: Appraising in an Inflationary by Frank J. Lucco, 580-586
Environment’’
by Howard C. Gelbtuch, 507-513 **Endangered Species Habitat and Urban «Land Value in a C Market”’
Development”’ by Steven E. Miller, 146—149
by Robert H. McKenzie-Smith, 129-137
‘Comments on Discounted Cash Flow ‘*Lender Residential Subdivision
Analysis: A Note on the Proper Method **The Environmental Opinion: Basis for Evaluation Using Discounted Cash Flow
of Calculating Monthly Discount Rates’’ an Impaired Valve Opinion”’ Analysis”’
by Denis O. Boudreaux, Spuma Rao, by Albert R. Wilson, 410—423 by Carl J. Munson, 572—579
and Philip Boudreaux, 619-621
“*Estimation of a Monthly Adjustment **Lender Views on Selecting
**Community Lending and Appraisal for Market Conditions”’ Rejecting Appraisers”
Standards”’ Julian Diaz Il, 251-255 by Walt A. Nelson and Robert W.
by Gary Sands, 553-557 Owens, 367-371
**Let’s Communicate”’ ‘**Property-to-Property Comparison ‘‘Supporting Appropriate Adjustments in
by Richard C. Sorenson, 197—202 by Thomas Rodgers, 64—67 Large-Scale Condemnation Actions”’
by Daniel Sorrells and James A.
**Let’s Not Abandon the Cost Approach”’
by Dana T. Coggin, 144—145 ‘Quantifying the Value of a View in Chalmers, 558-571
Single-Family Housing Markets”’ **1993 Survey of Appraisal Clients”’
‘Limiting an Appraisal Firm’s Liability
by C. F. Sirmans and Maurico by Richard Knitter, 113-117
and Exposure”’
Rodriguez, 600-603
by John A. Simpson, 94—97
Three Treatments of Debt Financing
«Real Estate Appraisers: Independent for Capital Budgeting Decisions”’
«‘MAl—Master Appraisal Investigator”’
Contractors or Employees?’’ by Ason Okoruwa, Arthur T. Cox, and
by John J. Healy, Jr., 379-381
by Barry H. Frank and Jeffrey Cooper, A. Frank Thompson, 189-196
*“*Managment Information Systems”’ 20-25 “*Trends in Appraising Conservation
by John M. Crafts, 525-534
**Real Estate Valuation and Finance in Easements”’
**Market Discounting of Partial the 1990s”’ by Bret P. Vicary, 138-143
Interests” by Daniel L. Willison, Jr., 353-357
by Mark S. Thompson and Eggert **Reality and Market Value”’ «Using an Engagement Letter to
Dagbjartsson, 535-541 by David M. Goldberg, 473-474 Minimize Discrepancies between
Appraised Value and Transaction Price’’
“A New Bridge Across the Atlantic for “*The Relevance and Application of the by Frank D. Tardif and Stephen G.
the Appraisal Institute’’ Gross Income Multiplier’’ Nelson, 11-15
by Elliott W. Weinstein and Jeremiah by James H. Boykin and Margaret T.
Aloni, 118-123 Gray, 203-208 **Using Quality Function Deployment in
Business Planning at a Small Appraisal
*“*A New Dimension in Real Estate **Replacement Reserves: A Model Firm”
Appraising” Approach’’ by Susan F. Ferrell and William G.
by Henry P. Lombardelli, 319-322 by Lawrence R. Nicholson and Thomas Ferrell, Jr., 382—390
D. Zale, 240-250
**The New URAR and Independent
Contractor Status”’ **Reiail Sale Data and the Evaluation of ‘Valuation and Equity Real Estate
by Donald R. Epley and Edward E. Ma;o v Retail Centers”’ Investment Trust’’
Milam, 514-517 by Ranney L. Ramsey, 497-506 by Richard J. Behrens, 150-152
**1993 Survey of Appraisal Clients”’ **The Reviewer Is Always Right?’’ **The Value of Contributed Property in
by Richard Knitter, 113-117 by Lloyd D. Hanford, Jr., 358-362 Utility Valuation”’’
by Jack Crahan, 264-269
«An Overview of the Senior Housing “The Sales Comparison Approach and **The Value Discounts Associated with
Market”’ Timberland Valuation”’ Historic Facade Easements”’
by John J. Hogan, 47-5! by Martin Healy, 587-595 by Paul K. Asabere and Forrest E.
“‘Sequel to Rail Markets and Sale Huffman, 270-277
“Present Values: A Useful Underwriting Factors”’ **The Value Theory of the Austrian
Tool?”’ by Clifford A. Zoll, 621-625 School’’
by R. Joe Okoneski, 609-617 “Subway Tunnel Easements in by Douglas McKnight, 465-469
“*Private-Equity Golf/Country Club Metropolitan Areas’’ **Valuing Property Developed with Low-
Communities: Issues and Answers”’ by Robert M. Lea, 310-313 Income Housing Tax Credits”’
by Laurence A. Hirsh, 181-188 **Supply and Demand Considerations in by Richard E. Polton, 446-454
“*The Problem of Appraising Specialized Residential Subdivision Analysis’’
Assets” by Martin A. Skolnik and M. Carla ‘Win Bad Appraisals Drive Out
by Robert G. Crawford and Gary C. Domingo, 57—63 Good?”
Cornia, 75-85 by Patricia M. Rudolph, 363-366
AUTHORS
Aloni, Jeremiah, 118-123
Crahan, Jack, 264—269
Anglyn, William Ted, 209-216 Galleshaw, Mark, 52-56
Crawford, Robert G., 75-85
Asabere, Paul K., 270-277, 396-401 Gelbtuch, Howard C., 507-513
Crookham, James, 323-326
Gibbons, James E., 331—334, 631-634
Bailey Seas, Alison K., 26-46 Goldberg, David M., 153-155, 473-474
Behrens, Richard J., 150-152, 470-472 Dagbjartsson, Eggert, 535-541 Gray, Margaret T., 203-208
Benson, Alfred M., 145-146 Diaz, Julian, Il, 251-255 Guidry, Krisandra A., 98—102
Bottum, MacKenzie S., 314-315 Diskin, Barry A., 103-112
Boudreaux, Denis O., 619-621 Do, A. Quang, 98-102 Hand, John H., 209-216
Boudreaux, Philip, 619-621 Domingo, M. Carla, 57-63 Hanford, Lloyd D., Jr., 358—362
Boykin, James H., 203—208 Healy, John J., Jr., 379-381
Boyle, Jeffrey J., 596-599 Edmonds, Charles P., 209-216 Healy, Martin, 587-595
Brace, Gary L, 546-552 Entreken, Henry C., 596-599 Heuer, Karla L., 618-619
Epley, Donald R., 514-517 Hirsh, Laurence A., 181-188
Carneghi, Chris, 256-263 Evans, Robert C., 217-221 Hogan, John J., 47-51
Chalmers, James A., 558-571 Huffman, Forrest E., 270-277, 396—401
Coggin, Dana T., 144-145 Hughes, William T., Jr., 303-309
Ferrell, Susan F., 382-390
Cooper, Jeffrey, 20-25
Ferrell, William G., Jr., 382-390
Cornia, Gary C., 75-85
Fletcher, Stuart, 103-112 Jackson, Marcus, 124-128
Cox, Arthur T., 189-196
Frank, Barry H., 20-25 Johnston, H. Charies, 372—378
Crafts, John M., 525-534
664 The Appraisal Journal, October 1994
Keating, David Michael, 546-552 Okoneski, R. Joe, 609-617 Simpson, John A., 68-74, 94-97, 229-
Knitter, Richard, 113-117 Okoruwa, Ason, 189-196 233, 391-395, 439-445, 542-545
Korpacz, Peter F., 618-619 Owens, Robert W., 367-371 Sirmans, C. F., 600-603
Skolnik, Martin A., 57—63
Lea, Robert M., 310-313 Parker, David RR, 278-288 Smolen, Gerald E., 86—93
Lombardelli, Henry P., 319-322 Patchin, Peter J., 402—409 Sorenson, Richard C., 16—19, 197-202
Lovell, Douglas D., 222—228 Polton, Richard E., 446—454 Sorrells, Daniel, 558-571
Lucco, Frank J., 580—595 Pompe, Jeffrey, 604-608
Tardif, Frank D., 11-15
Thompson, A. Frank, 189-196
Mabry, Rodney, 316-319 Ramsey, Ranney L., 497-506
Thompson, Mark S., 535-541
Mason, Robert C., 234—239 Ransdell, Gary, 316-319
McKenzie-Smith, Robert H., 129-137 Rao, Spuma, 619-621
McKnight, Douglas, 465-469 Rattermann, Mark, 518—524 Vicary, Bret P., 138-143
Milam, Edward E., 514—517 Richard, Thomas C., 327—330, 626-630
Millar, James A., 372—378 Rinehart, James, 604—608 Walker, James C., 289-295
Miller, Steven E., 146-149 Robinson, James, 316-319 Waller, Neil, 316-319
Munson, Carl J., 572—579 Rodgers, Thomas, 64—67 Watras, William T., 322-323
Myers, John, 296—302 Rodriguez, Mauricio, 600-603 Weinstein, Elliott W., 118-123
Rudolph, Patricia M., 363—366 Willison, Daniel L, Jr., 353-357
Nahas, David C., 455-464 Wilson, Albert R., 410-423
Nelson, Stephen G., 11-15 Sands, Gary, 553-557
Nelson, Walt A., 367-371 Schafer, Scott M., 171—180 Zale, Thomas D., 240-250
Nicholson, Lawrence R., 240—250 Simons, Robert, 424—438 Zoll, Clifford A., 621-625
CASES IN BRIEF
Approval of subdivision plat ruled not to Minimum lot size ordinance declared Public use tax exemption for city limited to
be governmental function in inverse unconstitutional, 160 prescribed obligations, 336
condemnation suit, 336
Business losses found irrelevant in Nonconforming use of property increases Tax abatement should equal median ratio
determining market value of property, its market value, 159 of assessed value to fair market value for
town, 160
635
College campus buffer zone found exempt Ownership and operation required for Temporary differences in property
from taxation, 475 nonprofit tax exemption, 335 valuations for taxation purposes found not
to harm homeowners, 635-636
Denzoinael uopfh ealpdp,l ic6a3t6i on to build in forestry P.rs oupbedritvyi sihoenld ffoourn dr eseaxlee mpbty pforliotmi catla xation, Tesptriopmeorntyy ovfa leuxepse rfto uunndf amiinlaidamri sswiibtlhe , loc6a3l6
Denial of permit application found not to 475
constitute inverse condemnation, 476
Property leased for more than one year University residence found exempt from
Inverse condemnation award reversed, 159 loses tax exemption, 335 general property tax, 476
BOOK REVIEWS
Max J. Derbes, Jr. Stephen E. Roulac
Environmental Management for Real The Theory and Practice of Real
Estate Professionals Estate Finance by Henry H. Perritt, Jr., 339-341
by David C. Parks, 338 by Terrence M. Clauretie and James R.
Webb, 477-478 Robert O. Stevens
Real Numbers: Analyzing Income
William S. Harps Norman Steinberg Properties for a Profitable
The Guide to Real Estate Exchanging ADA Title III: Compliance Made Investment
by Jack Cummings, 478-479 Practical by Joseph T. Sinclair, 337-338
by Dorothy Walton, 339-341
Vincent G. Maher ADA Handbook: Employment and Michael Yovino- Young
Wipeouts and Their Mitigation: The Construction Issues Affecting Your Bed and Breakfast /Country Inn
Changing Context for Land Use and Business Industry Study of Operation,
Environmental Law by Martha R. Williams and Marcia L. Marketing and Finances
edited by Joseph DiMento, 157 Russell, 339-341 published by the Professional Association
of Innkeepers International, 156