Globalization and the Real Estate Industry

Workshop Sponsored by the Fisher Center for Real Estate and Urban Economics, Haas School of Business, University of California Berkeley, and the Sloan Foundation Industry Studies Program

March 2, 2007

Workshop Agenda

Background Reference Material

Global Real Estate Trends

CB Richard Ellis Global Investment View Year End 2006
CB Richard Ellis Global Market Rents November 2006

Company Information and Statistics

AMB Property Corporation Home Page
CB Richard Ellis Investors Home Page
Cushman & Wakefield Home Page
GIC Real Estate Home Page
Global Real Analytics Home Page
Premier Pacific Vineyards Home Page
Presidio Partners Home Page
Westlake Realty Group Home Page

Real Estate Supply Chains and Demand Sectors

Frederick Abernathy, John T. Dunlop, David Weil, William Apgar, Kermit Baker, and Rachel Roth, 2004. "Residential Supply Chain in Transition: Summary of Findings from Survey of Dealers," Joint Center for Housing Studies W04-3, Harvard University.

D. Earl Kline, "Growing Manufacturing Sectors: Creating Demand Driven Supply Chains," Notes, Sloan Foundation Forest Industries Center at Virginia Tech, February 2007.

Globalization, Real Estate Securitization and Returns

Ashok Deo Bardhan, Robert Edelstein, Charles Leung and Desmond Tsang, "Global Economic and Financial Integration and Real Estate Security Returns,"

S.A. Bond, G.A. Karolyi and A.b. Sanders, 2002, "International Real Estate Returns: A Multifactor, Multicountry Approach," Ohio State University, unpublished working paper.

C.M. Conover, H.S. Friday and G.S. Sirmans, 2002, "Diversification Benefts from Foregn Real Estate Investments," Journal of Real Estate Portfolio Management, 8, 1, 17-25.

P. Eichholtz and R. Huisma, 1999, "The Cross Section of Gloal Property Share Returns," A Global Perspective on Real Estate Cycles, Kluwer Academic Publishers, Boston.

D.C. Ling and A. Naranjo, 2002, "Commercial Real Estate Return Performance: A Cross Country Analysis," Journal of Real Estate Finance and Economics, 24, 1, 119-142.

Globalization and Real Estate Markets

B. Case, W. Goetzmann and K.G. Rouwenhorst, 1999, "Global Real Estate Markets-Cycles and Fundamentals," Yale International Center for Finance, unpublished paper.

Lynn M. Fisher and A.J. Jaffe, 2003, "Determinants of International Home Ownership Rates," Housing Finance International, 18, 1.

C.H. Liu and J. Mei, 1998, "The Predictability of International Real Estate Markets, Exchange Rate Risks and Diversification Consequences," Real Estate Economics, 26, 1, 3-39.

B. Renaud, 1997, "The 1985 to 1994 Global Real Estate Cycle: An Overview," Journal of Real Estate Literature,5, 1.

Sloan Industry Centers Participating in the Workshop

Center for Industry Studies, University of Pittsburgh

Forest Industries Center at Virginia Tech

Sloan Travel and Tourism Industry Center, University of South Carolina

Wharton Financial Institutions Center, University of Pennsylvania