Archive for the ‘J. Volume 6’ Category

6.00 – Introduction

  Preface, acknowledgements, introduction and description of papers included in this volume of JOSRE.

6.01 – Chemical Hazardous Sites and Residential Prices: Determinants of Impact

  The Emergency Planning and Community Right-to-Know Act (EPCRA) requires reporting of potential chemical hazardous sites to the Environmental Protection Agency (EPA). The EPA discloses some sites on the Internet while others are not. I investigate whether Internet disclosure makes a difference on the impact a hazardous site has on nearby housing prices. I also […]

6.02 -Value Capitalization Effect of Protected Properties: A Comparison of Conservation Easement with Mixed-Bag Open Space

  In this paper, I examine the impact of open space restrictions on neighboring house prices using hedonic modeling framework and GIS. The comparison is between two groups of parcels in Worcester, Massachusetts: one has a mixture of open space restrictions that limit or prohibit development and the other has a conservation easement. Conservation easement […]

6.03 – Power Lines and Perceived Home Prices: Isolating Elements of Easement Rights and Noise Pollution

  This study is the first to use experimental design to look beyond the overall impact of power lines on property values by examining specific easement rights and noise pollution concerns. I find that in isolation, easement rights are associated with a non-significant reduction in property value, whereas noise pollution statistically significantly reduces property values. […]

6.04 – “Not in My Backyard”: The Effect of Substance Abuse Treatment Center s on Property Values

  Residential treatment centers offer the most intense form of treatment for substance abuse and are often embedded in residential neighborhoods. As a result of the Patient Protection and Affordable Care Act, the number of treatment centers has been forecasted to burgeon. We examine the external effect of residential rehab centers on nearby real estate. […]

6.05 – The Effect of a Large Hog Barn Operation on Residential Sales Prices in Marshall County, KY

  In this paper, we examine the economic impact of a tightly clustered complex of hog barns, a type of concentrated animal feeding operation (CAFO) on residential property in a rural area near Benton, Kentucky. The operation creates noxious and offensive odors associated with swine-raising and waste disposal activities. Theory and practice indicate that buyers […]

6.06 – A Study of LEED vs . Non- LEED Office Buildings Spatial & Mass Transit Proximity in Downtown Chicago

  Although the number of Leadership in Energy and Environmental Design (LEED) certified office buildings continues to increase, research on their spatial distributions in comparison to non-LEED buildings and mass transit links need to be explored in depth. This paper focuses on these aspects using all the downtown Chicago Class A office buildings as the […]

6.07 – Monte Carlo Cash Flows and Sustainability: How to Decide on Going Green

  Green, sustainable or energy-efficient buildings apparently outperform other buildings with respect to rental level, value, and/or occupancy rates according to empirical findings. Most studies focus on commonly accepted databases to analyze the value or rent differences from a top-down perspective, that is, investigating value or rent differences between subject and control groups. But the […]

6.08 – The Effect of Sustainability on Retail Values , Rents, and Investment Performance: European Evidence

  This paper is the first to focus on the effects of sustainability on the investment performance of a European retail portfolio comprising 128 properties in the Netherlands and extends the existing range of studies on the office and residential sectors in the United States. As the data sample is an existing fund portfolio, all […]

6.09 – Walk Score: The Significance of 8 and 80 for Mortgage Default Risk in Multifamily Properties

  In this paper, I use logistic regression to study the relationship between walkability and mortgage default risk in multifamily housing in a pool of nearly 37,000 Fannie Mae loans. Walkability is measured with Walk Score, a widely available metric. Controls were introduced for loan terms, property characteristics, neighborhood conditions, and macroeconomics. Walkability reduced default […]

6.10 – Green Office Buildings: A Qualitative Exploration of Green Office Building Attributes

  In this paper, we identify specific green building attributes important to tenants using a mixed-industry series of focus-groups in Chicago, Denver, Washington D.C., and the San Francisco Bay Area. The focus groups reveal the relative importance of green office building attributes and further explore the qualitative reasons for those rankings. Regional preferences were revealed […]

6.11 – 2014 ARES Journal Manuscript Prize Winners

   

'
nmd runnner nmd runnner black nmd runnner white nmd runnner grey nmd runnner gs ultra boost ultra boost black ultra boost white ultra boost grey ultra boost gs ultra boost uncaged ultra boost uncaged black ultra boost uncaged white ultra boost uncaged grey ultra boost uncaged gs yeezy boost 350 yeezy boost 350 black yeezy boost 350 white yeezy boost 350 grey yeezy boost 350 gs yeezy boost 350 v2 yeezy boost 350 v2 black yeezy boost 350 v2 white yeezy boost 350 v2 grey yeezy boost 350 v2 gs yeezy boost 750 yeezy boost 750 black yeezy boost 750 white yeezy boost 750 grey yeezy boost 750 gs