Growing up on the Caribbean island-nation of Antigua, Egbert Perry recalls, “I never felt poor.” True, his father, Percival Perry, earned only about $1,000 a year running a chicken feed business, and Egbert was one of 11 children...

One of the first things Milton Cooper does after I walk into his office on a cold November morning is ask about the latest books I’ve read. I mention a few titles. With a smile, he promptly rattles off the names and authors of five books he has...

Leverage is like cocaine, theorizes Leo Wells, founder and president of Wells Real Estate Funds, which has invested more than $12 billion in real estate since its inception in 1984. “Everybody is going to start off as a social user, and debt is...

A battle is raging in New York and across the country between assessors and taxpayers at odds over the market value of golf courses and their associated membership clubs...

In economic terms, inflation is defined as a rise in the general level of prices of goods and services in an economy over a period of time. When prices rise, each unit of currency buys fewer goods and services, eroding real consumer purchasing...

The current recession, which real estate professionals might be more inclined to call a depression, likely will continue generating an almost bottomless supply of mortgage defaults for several years to come. Consequently, we can expect to see an...

With property sales at a minimum and accurate capitalization rates difficult to ascertain, investors are increasingly looking at replacement cost as a method of establishing pricing parameters. The comparison of sales price to estimated...

Marcus & Millichap Real Estate Investment Services announced today that president and CEO Harvey Green has retired from the firm. A formal search is being initiated with Green’s input and participation...