Thesis (M. Hous. M.)--University of Hong Kong, 2007.

D.Com. (Business Management) / Please refer to full text to view abstract

The goal of my thesis is to assess the Real estate market in terms of law. I chose this topic because I take an interest in it both as a graduate of The Faculty Of Law and as a student of The Real Estate Engineering. There is no such thing as legal regulations of the reality matters in an integrated lex so far; the regulations are divided into several laws and ordinances. In the routine practise there often occur cases that are not governed by law at all. My task is not only to explain some problems and situations that may arise in this area and consider main advantages of the up to now legislation within the Czech Republic, but also to point out the main deficiencies and suggest a possibility of legislative changes. In the first chapter I explain several basic concepts that often appear in my thesis. The second chapter concerns the realities and the Real estate markets, where I put forward the legal regulations and also furnish information on the realities abroad and in Space. In the third chapter I deal with Real estate agencies, their importance, origin, structure, sorts and also other organisations that are connected to Real estate agencies. In the fourth chapter I describe the Real estate business, meaning juristic services of a Real estate agency and selling and leasing a real property. I also present contracts related to the Real estate business and the tax matters concerned while dealing with realties. In the fifth chapter I explain the work of a Real estate broker, his certification, professional education and at the end I explain what an ethical codex is. The sixth chapter sums up the whole thesis and evaluates individual parts.

This thesis empirically investigates the effects of monetary policy instruments on the real estate market for the following countries: Germany, France, the Netherlands, Spain and the United Kingdom, using a Structural Vector Autoregression model (SVAR) with Choleski recursive identification. This was done from the three different aspects: interest rate, scale of credit, and output. The covered period lasts from the first quarter of 2005 and then varies, depending on the country. The Wu-Xia shadow rate was used as a proxy for the interest rate, households' debt was used as a proxy for scale of credit, and real GDP was used as a proxy for the output. As the output of the analysis, we used the impulse response functions (IRF) and forecast errors variance decomposition (FEVD). The results suggest that the Residential Property Prices (RPPI) in every country react positively to an output shock and negatively to interest rates (except Spain). The effect of household debt on RPPI and statistical significance of intervals depend on the country observed.

Thesis (S.M. in Real Estate Development)--Massachusetts Institute of Technology, Dept. of Architecture, Center for Real Estate, 2008. / This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections. / Includes bibliographical references (leaf 81). / This thesis investigates the factors, related to urban stadium development, that act as a catalyst for subsequent local urban renewal. Over the recent decades there has been substantial debate related to stadium or arena development. "The stadium debate intersects with cultural studies, economics, law, urban studies, civic planning, sports administration, mass communications, and sociology."' The center of this debate is over the economic and social "net benefit" to a city that undertakes a stadium development. Many argue that the economic and social costs created by urban stadium development outweigh the public good, especially in the case of publicly funded or subsidized stadiums. This thesis concentrates on the renewal of the surrounding real estate markets rather than broader economic renewal. When this thesis refers to "urban renewal" it is meant in the context of the renewal of the physical infrastructure and real property. The thesis examines the range of costs and benefits resulting from stadium induced urban real estate renewal. The benefits analyzed are derived from the changes in the local real estate markets that may be connected to the arena or stadium construction. The subject case study illustrates some of the broader economic benefits related to urban real estate renewal. Washington, DC provides a recent example of urban arena development that led to significant local investment in the development of the surrounding area. Construction of the Verizon Center led to development of residential, office, and retail product in the immediate area. The case study explores the factors (specific to the site, team owners, local developers, and city officials) that create a fertile environment for urban real estate renewal. / (cont.) It also ascertains, by way of interviews and public record, the concerns of these parties while making the critical decisions that can spark this type of urban rebirth. Using the Verizon Center case study, this thesis examines the factors that had a positive impact on urban renewal. / by James W. Rizzo. / S.M.in Real Estate Development

Thesis (S.M. in Real Estate Development)--Massachusetts Institute of Technology, Dept. of Architecture, Center for Real Estate, 2008. / This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections. / Includes bibliographical references (p. 89-92). / Knowledge-based industries tend to cluster. The nature of activities illustrate the importance of networks and virtual and proximity aspects of clustering. Review of existing literature brings out the advantages of clustering for such industries. The purpose of the study is to comprehend the current status of development, both economic and real estate, in the knowledge-based industries in India. A stylized model is used as a reference to understand the status of economic development. Current body of literature and interview results from this study suggests transitioning nature of India's knowledge-based industry from being a services provider to becoming a knowledge provider. However, there are challenges in the transition process related to infrastructure and human resource. This study suggests that a large scale mixed use project may in fact be able to address some of the ongoing issues in the economic domain. The proposed development may lead to clustering of business and universities thus, giving rise to a knowledge-based cluster in India. / by Chandan Dev Singla. / S.M.in Real Estate Development

Thesis (S.M. in Real Estate Development)--Massachusetts Institute of Technology, Dept. of Architecture, Center for Real Estate, 2008. / This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections. / Includes bibliographical references (leaves 69-74). / Real estate investment is becoming increasingly international. Deregulation and integration of global capital markets, growth of emerging market economies, demographic trends in developed economies, and geopolitical and sociocultural changes the world over are presenting opportunities for international real estate investors in a fascinating, complex and interconnected market place. Latin America seems to be one of the last frontiers still unexplored by international real estate investors. Colombia in particular is making quiet and steady efforts to internationalize its economy and welcome Foreign Direct Investment (FDI). Among the policy-makers' long-term goals, Colombia aspires to become one of the three most competitive countries in Latin America by the year 2032. International real estate investors need to adapt their tools and techniques to underwrite new and uncharted markets that present investment opportunities. This thesis proposes a comprehensive strategic framework for international real estate investments, by adapting from selected business academic literature and real estate industry practice different decision-making approaches. The purpose of the thesis is twofold. First, by proposing a strategic framework, the work intends to contribute to the development of strategic decision-making literature in international real estate investment. Second, by utilizing the strategic framework to study selected issues and variables that are deemed relevant or pertinent to the commercial real estate market in Bogota, it attempts to serve as a resource to international real estate investors interested in the market. / by José Camilo Otálora Castro. / S.M.in Real Estate Development

Thesis (S.M. in Real Estate Development)--Massachusetts Institute of Technology, Dept. of Architecture, Center for Real Estate, 2008. / This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections. / Includes bibliographical references (leaves 88-89). / Globalization has created a dynamic and rapidly changing marketplace. A business must move quickly to capitalize on the changing environment. For example, many global biotechnology firms are seeking new geographical locations as part of their strategy to expand their business. Korea's biotechnology reputation and prospects as a potential site for biotech businesses is attracting increase attention. The Yeongjong Project is one choice. For the ongoing development of Korean bioclusters, this study will demonstrate potential and the attractiveness of Korea's biocluster sites, which may help international biotechnology firms relocate and reposition in Korea. Biotechnology is an umbrella term so this study identifies what the biotechnology and biotechnology industry are, as well as its characteristics and risks. Secondly, the biotechnology market will be analyzed both globally and domestically to understand the industry trend. This paper compares successful international bioclusters such as Tuas Medical Park in Singapore and University Park at MIT in the U.S, along with Korea's Wonju Medical Valley and Daedeok Techno Valley. This study explains different innovations and success factors, and characteristics of each cluster and whether the success factors are applicable to the Yeongjong Project. Finally, this thesis will identify the area and its characteristics suitable for a biocluster and propose appropriate product types through market feasibility. / by Junghun Choi. / S.M.in Real Estate Development

Thesis (S.M. in Real Estate Development)--Massachusetts Institute of Technology, Dept. of Architecture, Center for Real Estate, 2008. / This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections. / Includes bibliographical references (leaves 88-90). / On the eve of the fifty-year anniversary of the Cuban Revolution, change finally appears to be on the horizon for Cuba. In February 2008, Raul Castro succeeded his older brother Fidel as President of the Republic of Cuba. In the United States, a newly elected President and a Congress presumably controlled by the Democratic Party will assume power in 2009. These political developments bring with them the potential for change in U.S. - Cuba relations. Opportunities are available even today for U.S. investment in the Cuban real estate market. This thesis identifies why now is the right time for Americans to move forward with their investment plans. It explains how real estate transactions are currently being conducted on the island and the challenges of investing in Cuban real estate according to Cubans and foreign investors. Presented as well are strategies for overcoming these hurdles. / by Damien Bronsdon Chaviano. / S.M.in Real Estate Development

Thesis (S.M. in Real Estate Development)--Massachusetts Institute of Technology, Dept. of Architecture, Center for Real Estate, 2008. / This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections. / Includes bibliographical references (leaves 44-47). / Sustainable development for stadiums and arenas is a recent topic gaining interest throughout professional sports ownership groups worldwide. Stadiums have lagged behind in understanding the best practices surrounding the analysis and implementation of green building techniques due to their unique nature, while other more conventional building types have developed and implemented a standard system of practices with regards to sustainable design. Abnormal usage patterns, variable climate conditions, and slow changing operational structures with longstanding policies are all hurdles facing organizations as they attempt to make their stadiums greener. This thesis investigates and lists current examples of green friendly design and operations that exist in stadiums worldwide. It then considers an analysis of the LEED certification process, supply chain management, transportation infrastructure, recycling programs, and innovative design measures. The thesis also investigates the organizational and technical hurdles that many teams face in implementing these green features despite apparent widespread demand to adopt them. Many facets of greening stadiums have been implemented throughout the world, mostly using the existing framework that has been designed towards conventional buildings during recent years. Teams that have had the greatest success have shown a willingness to learn and understand the greening options available to them. This includes how these options fit into the physical confines of the stadium, its surrounding environment, and the overall business and social objectives of the organization. Successful adopters also strive to adapt their existing organizational and operational framework to position themselves to benefit from new techniques that could further enhance their stadium's overall green characteristics. / (cont.) Greening the current and future stadiums of the world is a continuous process. Teams that begin to implement sustainable practices generally find the process infectious, where more ideas and programs are soon born from previous initiatives. Organizational and technical leadership are keys to driving innovation and change. / by Peter Vanderweil. / S.M.in Real Estate Development