scholarly journals Peter and Elaine Moss: Franchisees

2011 ◽  
Vol 5 (5) ◽  
pp. 99
Author(s):  
Ross A. Malaga ◽  
Ram Subramanian
Keyword(s):  
Real Estate ◽  
Business School ◽  
Kansas City ◽  
Training Session ◽  
Commercial Real Estate ◽  
The Real ◽  
The Real Estate ◽  
Real Estate Agent ◽  
Suitable Location ◽  
The Ideal

Peter Moss, a business school professor, and his wife, Elaine, a corporate executive, bought a Hair Shear franchise in the suburban Maryland area in July 2007. Hair Shear was a national chain of over 2,000 stores, all of which were franchisee owned. Peter and Elaine Moss contracted with Philip Levinson, a commercial real estate agent authorized by Hair Shear, to obtain a suitable location for their franchise. During her training session at Hair Shear headquarters in Kansas City, Missouri, Elaine learned of the importance of a good location for the success of the franchise. The first location identified by the real estate agent did not work out because the strip malls main tenant, a day spa, vetoed the entry of a hair dressing salon, considering the salon to be a competitor. Elaine Moss identified a second location only to be told much later by the real estate agent that the location was taken by a barber friend of the landlord. Disappointed by their inability to find a suitable location, the Moss met a couple who owned multiple Hair Shear stores in Maryland who suggested that they typically negotiated directly with landlords. This couple suggested a third location for the Moss to consider. The dilemma facing Peter and Elaine Moss is two fold: which of the two was the ideal location for their store? The larger question was, should they bypass the authorized real estate agent and negotiate directly with the landlord?

Neighborhood Watch: The Rise of Zillow

2017 ◽  
pp. 1-7
Author(s):  
Russell Walker
Keyword(s):  
Real Estate ◽  
Information Asymmetry ◽  
Housing Market ◽  
Real Estate Industry ◽  
Neighborhood Watch ◽  
Agent Model ◽  
The Real ◽  
The Real Estate ◽  
Real Estate Agent ◽  
Principal Agent Problem

Read any news report on the housing market, and inevitably it will include facts or figures from the real estate data giant Zillow.com. The company initially set out to solve two key economic frictions in the real estate industry information asymmetry and the principal-agent problem by empowering users to access real-time housing data and eliminating the need for realtors. The company soon realized, however, that American homeowners and buyers were not willing to give up the traditional real estate agent model and changed course. In the end, Zillow decided to join rather than replace the middlemen in the real estate industry.

scholarly journals Information for decision-making in in-house and outsourced real estate management organisations

Facilities ◽  
2016 ◽  
Vol 34 (13/14) ◽  
pp. 891-905 ◽  
Author(s):  
Peter Palm
Keyword(s):  
Real Estate ◽  
Decision Maker ◽  
Commercial Real Estate ◽  
Decision Makers ◽  
Content Type ◽  
The Real ◽  
The Real Estate ◽  
Real Estate Sector ◽  
Estate Management ◽  
Real Estate Management

Purpose The purpose of this paper is to examine how the real estate owner (decision maker) insures being able to make informed decisions and how they differ according to organisational form. Design/methodology/approach This research is based on an interview study of nineteen firm representatives, six decision makers and thirteen management representatives, all from Swedish commercial real estate sector. Findings The study concludes that, regardless of organisational setting, the industry has a plan regarding handling information. The decision makers have all secured themselves access to the required/desired information. How this is done and what kind of information it is however differ, if the real estate management is in-house or outsourced. Furthermore, a clear focus on financial and contractual information is evident in both organisational settings. Research limitations/implications The research in this paper is limited to Swedish commercial real estate sector. Practical implications The insight the paper provides regarding required information can shed light on how information systems are built and how to improve your information sharing. Originality/value It provides an insight regarding how the industry, depending on organisation setting, prioritises different information and how the decision maker secures access to it.

scholarly journals Enforcing the ADA and Stopping Serial Litigants

2020 ◽  
Vol 6 (4) ◽  
Author(s):  
R. Cameron Saenz
Keyword(s):  
Real Estate ◽  
Commercial Real Estate ◽  
Real Estate Industry ◽  
Commercial Property ◽  
The Real ◽  
The Real Estate ◽  
Effective Implementation ◽  
Property Owners ◽  
Legal Challenges ◽  
Title Iii

This comment explores the evolution of Title III of the Americans with Disabilities Act (“ADA”) and argues for a new and more effective implementation of this important anti-discrimination law through the real estate industry. First, this comment discusses the intricacies of the ADA, including its revisions over time and impactful legislation it has spawned. Second, this comment addresses current practical and legal challenges to enforcement of Title III of the ADA, including commercial property owners’ lack of understanding ADA responsibilities, serial litigation, and standing in courts. Finally, this comment proposes a new emphasis on ADA enforcement within the real estate industry. Such focus would obviate the need for many private lawsuits, place responsibility for ADA enforcement on parties involved in commercial real estate transactions and result in more effective implementation of both the spirit and letter of the ADA.

scholarly journals Methodology for making decisions in managing commercial real estate

2021 ◽  
Vol 244 ◽  
pp. 11013
Author(s):  
Denis Smirnov ◽  
Irina Alpackaya ◽  
Taisiya Ryabova ◽  
Valery Gusev
Keyword(s):  
Decision Making ◽  
Real Estate ◽  
Real Estate Market ◽  
Commercial Real Estate ◽  
The Real ◽  
The Real Estate ◽  
Theoretical Approaches ◽  
Current Trends ◽  
The Real Estate Market ◽  
Methodological Principles

The purpose of this paper is to develop guidelines for the formation and implementation of a decision-making mechanism for managing commercial real estate. As a result of the study, the current trends in the development of the real estate market are revealed, the methods and established practice of the activities of management companies are analyzed, the analysis of theoretical approaches to the management of commercial real estate is carried out. On the basis of theoretical and methodological principles and the specifics of the analyzed area of research, methodological recommendations are proposed for the formation of a mechanism for managing commercial real estate, including a method for assessing their investment attractiveness.

scholarly journals Real Estate and the Effects of the COVID-19 Pandemic in Europe

2020 ◽  
Author(s):  
Gianluca Mattarocci ◽  
Simone Roberti
Keyword(s):  
Real Estate ◽  
Commercial Real Estate ◽  
Disposable Income ◽  
Economic Environment ◽  
Site Visit ◽  
Real Estate Industry ◽  
The Real ◽  
The Real Estate ◽  
Building Type ◽  
Real Estate Sector

The real estate industry was severely affected by the COVID-19 in both the residential and the commercial sectors due to travel and site-visit limitations, rent sustainability issues and a decrease or higher uncertainty about disposable income. During the lockdown, houses became more important and were analysed in depth. It can be assumed that a new demand could emerge after this crisis making households looking for more comfortable houses since this asset will increase its importance for living and working. Similarly, the commercial real estate sector will change due to lower rent sustainability. However, the main expected change is related to the building type and the standards requested by tenants in the new economic environment.

Representations of gender in annual reports in the real estate industry in Sweden

2016 ◽  
Vol 34 (1) ◽  
pp. 5-17 ◽  
Author(s):  
Karin Maria Staffansson Pauli
Keyword(s):  
Real Estate ◽  
Public Housing ◽  
Commercial Real Estate ◽  
Business Strategies ◽  
Annual Reports ◽  
Research Approach ◽  
Real Estate Industry ◽  
Content Type ◽  
The Real ◽  
The Real Estate

Purpose – The purpose of this paper is to clarify how annual reports of public housing and commercial real estate companies contribute in “doing gender” of the real estate industry in Sweden. How the issue of gender is dealt with in photographs, in two different types of organizations, with different corporate and business strategies, is important as they play a significant role in constructing the industry itself. Are there any differences in how they perceive gender, and what constitutes gender of the industry? Design/methodology/approach – Analysis of photographs in annual reports, 14 public housing companies and eight commercial real estate companies, in the year of 2011. Findings – The paper provides empirical insights about how “gender is done” in annual reports, men alone are shown more often as employees and both women and men are portrayed in stereotypical positions. Women are depicted more often as young and also presented in “token positions”. Research limitations/implications – Because of the chosen research approach, in studying only one year, a longitudinal study would be recommended for future studies. Practical implications – The paper includes implications for the development of gender symbols and images representing the industry, in how gender is done in public situations as in annual reports. This is not only important for the industry itself but also to stakeholders involved with the industry. Originality/value – This paper fulfils an identified need to study how photographs shown in annual reports reveal gender structure.

scholarly journals Real estate management: incentives for effort

Facilities ◽  
2017 ◽  
Vol 35 (9/10) ◽  
pp. 573-587
Author(s):  
Peter Palm
Keyword(s):  
Real Estate ◽  
Commercial Real Estate ◽  
Decision Makers ◽  
Content Type ◽  
The Real ◽  
The Real Estate ◽  
Real Estate Sector ◽  
Work Tasks ◽  
Estate Management ◽  
Real Estate Management

Purpose The aim of this paper is to examine how the real estate owner (decision maker) can ensure that the preferred tasks are prioritised. In particular, the incentives to ensure motivation to perform to accomplish the strategic goals of the decision maker are investigated. Design/methodology/approach This research is based on an interview study of 19 firm representatives, 6 decision makers and 13 management representatives, all from the Swedish commercial real estate sector. Findings The study concludes that the real estate management organisation in the outsourced management setting is governed by the contract, in detail constituting work tasks, and in the in-house management setting, there is freedom with responsibilities instead of regulations. Research limitations/implications The research in this paper is limited to Swedish commercial real estate sector. Practical implications The insight in the paper regarding how decision makers create incentives for the real estate management organisation in the different organisational settings can provide inspiration to design incentives for effort. Originality/value It provides an insight regarding how the industry, depending on organisation setting, prioritise different work tasks and how incentives are created to enable effort.

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