Journal of Corporate Real Estate: Volume 1 Issue 3

The own v lease decision ‐ Myth and reality

Mark Golan

The own versus lease decision is a surprisingly controversial topic. Although the issues driving the decision appear straightforward, they are interpreted differently, leading…

Real estate’s influence on enterprise value

Marc Louargand

A firm’s real estate exposure can have a pronounced effect on the way investors value the enterprise in its entirety. Most of the literature of corporate real estate is mute on…

Rules of lease auditing and dispute resolution

Alan M. Di Sciullo

This paper gives an overview of a very topical and specialised area in commercial leasing and also generally presents methods in which a corporate tenant or user may bring an…

The location mystique: Understanding why companies with great sites fail and what to do about it

Richard Fenker

Often, real estate factors are given much of the credit for a particular site’s success or failurewhen it comes to sales. The current paper asserts that some of the praise or…

Corporate real estate in Poland

Steven Shone, Michael Roth

The authors summarise developments in Polish real estate markets in the post‐Communist era,commenting on the lack of professional infrastructure to support corporations opening or…

Estimating the cost of capital

Charles Ward

This paper introduces the ways of estimating the cost of capital. It briefly reviews the main theories of capital structure before explaining how the use of fixed‐interest debt…

The Lloyd’s building

Nicolas J. Phillips

This paper is based on a presentation made at the 1998 National Summit on Building Performance (Washington, October) and summarises some of the unusual aspects of the building and…