Real Estate Entrepreneurs Research Articles

A Literature Review and Emerging Trends on Key Topics of Risks and Challenges Facing Tourism Real Estate Investments

Tourism real estate entrepreneurs and general real estate investments face a multitude of risks and challenges that can impact their success. These risks can stem from economic, environmental, and political factors. Economical risks such as inflation and recession can affect the demand for real estate investments. Environmental risks such as natural disasters or climate change can lead to damage to the property and the desirability of the location. Political risks such as changes in regulations or geopolitical tensions can also affect the success of the investment. This paper conducts a literature review in order to mitigate these risks for entrepreneurs and real estate investors before making investment decision. This paper includes analyzing the local market, understanding the demographic trends, and identifying potential challenges that may arise. Moreover, the implementation of risk management strategies and the existence of a contingency plan can contribute to the stability and sustainability of this type of investment with a focus on real estate, especially tourism real estate. Further research and analysis are needed to better understand the impacts of technological advancements on the real estate industry. Advancements such as virtual reality and blockchain technology have the potential to revolutionize the industry, but there is still much to learn about how they will affect the market. Additionally, the impacts of climate change on the real estate industry need to be further explored. As extreme weather events become more frequent, it is important to understand how this will impact the desirability of certain locations and the potential for property damage. In conclusion, the risks and challenges facing tourism real estate entrepreneurs and general real estate investments are numerous and varied. It is essential for investors to conduct thorough research and analysis before making any investment decisions and to implement risk management strategies to protect against unexpected events.

Philip A. Payton Jr. and the Making of Harlem Revisited

Philip A. Payton Jr. and the Making of Harlem Revisited Oliver Ayers (bio) James Weldon Johnson's 1930 book, Black Manhattan, remains a defining text of the Harlem Renaissance. Weldon Johnson wrote the manuscript while executive secretary of the National Association for the Advancement of Colored People (NAACP) and blended political analysis with a historical survey. The work added to a chorus of interwar intellectuals emphasizing Harlem's centrality to the African American experience. When it came to the roots of this story, one figure loomed large: the movement of Black people to Harlem in the first decades of the century was "fathered and engineered" by real estate entrepreneur Philip A. Payton Jr. The transformation of Harlem into "the intellectual and artistic capital of the Negro world," in this bourgeois and paternalistic conception, stemmed from the benefits of modern and sanitary houses, opportunities that had opened, in turn, "due to the efforts made first by Mr. Payton."1 Payton's reputation as the "Father of Colored Harlem" was already established by the time Weldon Johnson put pen to paper, and in some ways, his legend proved resilient. Through various twists and turns in urban scholarship in the second half of the twentieth century, Payton and his most high-profile business endeavor—the Afro-American Realty Company (AARC)—usually played at least a supporting role. Gilbert Osofsky afforded the subject a whole chapter in his classic work Harlem: The Making of a Ghetto, tracing the trials and tribulations of Payton's business career to conclude that he and the AARC "helped [End Page 346] lay the foundation of the largest Negro ghetto in the world."2 Even as scholars shunned the pejorative connotations of "ghettoization" in favor of more nuanced readings of Harlem's birth, Payton remained a popular character. David Levering Lewis afforded Payton an entertaining walk-on part in his classic study of the Harlem Renaissance, When Harlem Was in Vogue. In this account, Payton was a "high-rolling young Afro-American realtor" who was quick to seize on opportunities, especially the one afforded by a murder at an apartment on 133rd Street where Payton capitalized on white residents fleeing in panic by replacing them with "reliable tenants of his own race."3 Irma Watkins-Owens, meanwhile, deployed a case study of the "Payton block" on 131st Street to make a series of valuable larger points about the ethnonational and socioeconomic diversity of early twentieth-century Harlem. Most recently of all, Kevin McGruder's worthy efforts to break down simplistic narratives of Black "invasion" versus white "resistance" in Harlem's early years still had room for the AARC's rise and fall, pointing out that Payton remained active on the real estate scene even after this venture's controversial collapse in 1908.4 Yet these fine-grained local studies occupy just one place in a sprawling interdisciplinary literature on Black Harlem's first decades.5 To highlight three important directions in this work, interdisciplinary scholars have studied the manifold cultural productions [End Page 347] (especially literature, art, and music) produced in and about Harlem during the 1920s "Renaissance"; studies have emphasized the contributions of women in Harlem as political agents, builders of community, and cultural producers; and historians have established Harlem's position as a hotbed of protest important in its own right that also connected to national and, in a particularly popular line of inquiry, international historical currents. There are innumerable subsidiary debates and points of contention across these works, but there is one common thread: Philip Payton, the "Father of Colored Harlem," is largely missing in action.6 The voluminous literature cited above has, of course, enriched our understanding of Harlem's historical importance, and an attempt to resuscitate ahistorical paternalistic clichés about the area's birth would not be a wise exercise. Yet this article contends, when interrogated in a critical and expansive fashion, Payton's historical story improves our understanding of Harlem's early days and their long-range significance, not least because of the live nature of some fundamental questions about what, when, and where should be the focus of scholarly attention. In regards to the interwar "Renaissance," start dates range from toward...

Entrepreneurial intentions of real estate students: an ordinal analysis of the predictors

PurposeThis study aims to examine the predictors of entrepreneurial intentions of real estate students in an emerging economy where there are significant odds against paid employment owing to the dwindling economic drivers.Design/methodology/approachPrimary data was obtained using closed-ended questionnaire served on final-year real estate students in three tertiary institutions in Southwestern Nigeria. Out of a total of 231 copies of the questionnaire distributed, 160 (69.3%) were retrieved and found suitable for analysis. Using ordinal least square regression, the study examined the influence of the independent variables on the respondents’ entrepreneurial intention across two models. While the first model was without the moderators of prior entrepreneurial exposure (that is, parental occupation, relationship with a real estate entrepreneur, previous/current engagement in business and attendance at business/entrepreneurial seminars/workshops), the second included all the control variables. Other descriptive and inferential statistical methods were adopted.FindingsThe findings revealed that personal satisfaction/prestige, support system, university education, age, cumulative grade points and mothers’ education were statistically significant predictors, atp< 0.05, across the two models examined. Fathers’ education and occupation were only significant in the second model, that is, when controlled for prior entrepreneurial exposure. Also, the influence of faculties and barriers of registration/information were significant at 10% level only in the second model. Finally, the study found no statistically significant differencing across gender, family status, mothers’ occupation and relationship with a real estate entrepreneur.Practical implicationsEntrepreneurship is a significant factor influencing economic growth and increased market competitiveness, an examination of students entrepreneurial intentions appear important, especially in regions where there are low economic opportunities.Originality/valueThis study is among the first attempts at understanding the predictors of real estate students’ entrepreneurial intentions from an emerging market perspective.

The many shades of grey in urban governance: How illegality shapes urban planning, policy and development

Most research on urban planning, policy and development only considers legal practices and actors, and treats illegal ones as insignificant anomalies, unable to structurally affect the governance of urban space. However, this approach is inadequate for explaining urban governance in contexts (e.g. several countries in the Global South, the former Soviet bloc and Southern Europe) where illegal practices such as corruption and organized crime infiltration are widespread in many public and economic sectors. This paper addresses the role of illegal actors and practices in urban governance in the Italian context, using urban regime theory as the theoretical frame of reference. The research centres on the analysis of two case studies in the city of Rome (the In-between world investigation of a criminal network that had infiltrated the local administration and shaped several urban policies, and the investigation of episodes of corruption related to the project for the new A.S. Roma soccer stadium). It shows the existence of two shades of ‘grey urban governance’: firstly, the presence of a dark urban regime, centred on a criminal organisation and parallel to the ‘regular’ one; secondly, the use of corruption as a customary practice with which real estate entrepreneurs influence municipal decisions. Overall, this research contributes to moving away from a rhetoric of ‘gentlemanly’ urban capitalism and politics, and suggests the need to revise several aspects of urban regime theory – as well as other approaches to urban governance dynamics in general – in order to incorporate the role of illegal actors and practices.

Description and Analysis of Economic Efficiency of the Real Estate Model Transformed in the Framework of Digitalization

Today, digital technologies are increasingly becoming an integral part of our life. In business, they help to improve the efficiency of current business processes by creating new business models and more ways to attract customers. The purpose of the study is to describe the real estate model transformed under digitalization and analyse its economic efficiency. The data was collected through personal interviews with executive managers of real estate companies in Russia. The paper describes a new real estate model that reduces dependence of real estate agencies on agents. Its establishment was made possible due to the emergence of digital technologies and digital tools and their introduction into our everyday life as well as the business sector. The paper also presents stages of work in a real estate agency, defines parties responsible for each stage and lists digital technologies and tools. Moreover, in the paper, the new business model is compared to the classical one based on their characteristics. Some preconditions for the new model are determined, and its flaws are described. Social consequences of innovations in the real estate sector are defined. The economic efficiency of the model is calculated and used as an indicator of its high potential capacity for real estate. The paper might be useful for real estate entrepreneurs or other businesses with great dependence on key personnel responsible for interacting with customers.

Effect of Environmental and Political/Legal Risk Management on Performance of Commercial Real Estate Entrepreneurial Investments in Kenya

The study adopted a descriptive survey design having a quantitative approach. The target population for this study was 9,320 real estate entrepreneurs comprised of 884, 95, 320 and 8,021 sourced from Softkenya directory, Kenya Developers Association, Estate Agent Registration Board and National Construction Authority respectively and having their registered offices in Nairobi, Nakuru, Kisumu and Eldoret. A sample size of 384 real estate entrepreneurs was selected and using a stratified random sampling procedure, them that participated in the study were identified and later served with online questionnaires using their emails. The primary data that was collected then analyzed descriptively and inferentially. Environmental risk management was found to a have a statistically significance effect on performance of commercial real estate entrepreneurial investments in Kenya. It further reveals that incomplete environmental analysis and unpredictable weather patterns were the two most frequent and severe sources of environmental risk. Political/legal risk management was however found not to have a statistically significant effect on the performance of the entrepreneurial investments. The study recommends the need by the concern authorities to enforce full compliance of environmental requirements before any entrepreneurial investment commences and throughout its life cycle and aided by real estate entrepreneurs and other stakeholders should further scrutinise all approvals that an entrepreneur requires with a view to determine the viability in the long run of the number of approvals as well as the number of institutions mandated to issue these approvals, ultimately aiming at establishing a one-stop shop in every County where all needed approval could be obtained.

Donald Trump and Trumpism: Leadership, ideology and narrative of the business executive turned politician

In this article, Donald Trump and the emerging ideology of ‘Trumpism’ are interpreted by drawing on perspectives from management and organization studies and related fields. The article begins by exploring key themes that emerge from a critical interpretation of Trump’s business career. Beginning as a real estate entrepreneur in the 1970s and 1980s, Trump experienced a period of mixed fortune in the 1990s, before eventually becoming a popular celebrity via the reality TV show The Apprentice. This portrayed Trump as a decisive and successful business leader. Trump’s approach to business leadership is critiqued. Emphasis is placed on seeking opportunity in economic decline, a zero-sum or negative-sum approach to profit-making and economic value, often benefitting at the expense of counter-parties. The article then explores how this approach to business was combined with previously marginal right-wing conservative ideas to project Trump as both critic and solution to bleak and troubling perceptions of American politics, economy and society. In turn this has led to a radical conservative agenda in office.

Back to School: Real Estate Development of Off-Campus Student Housing

Christopher Lenard and his longtime friend, Kimberly Slater, are exploring the idea of developing a student-housing complex near the University of Wisconsin, Madison, by replicating Slater's highly successful, similar development near the University of Florida. Madison seemed to present attractive market and demographic conditions for investment in student housing in the summer of 2012. But before committing a large share of his personal wealth to the project, Lenard needs to conduct a more careful analysis of its potential risks and returns. By putting themselves into the shoes of a budding real estate entrepreneur, students will evaluate both the merits and pitfalls of various approaches to the financial analysis of real estate development projects.After reading and analyzing the case, students will be able to: Evaluate the fundamental economic determinants driving the potential gains to real estate development Explain the merits and deficiencies of tools that can be applied to the financial analysis of real estate development projects, including financial feasibility; developing to a yield on cost; net present value analysis; and real options.

EDIFÍCIOS ICÔNICOS E A DINÂMICA IMOBILIÁRIA DE NATAL/RN, BRASIL iconic building and the real estate markets in Natal, Brazil

This paper seeks to analyze old and new features regarding real estate markets in Natal, Brazil. The old features refer to the location of real estate investments in the city. The new features refer to how new iconic buildings affect real estate markets. Thus, the paper starts with a discussion about Charles Jenks definition of ‘iconic building’ and an overview of papers about urban development in Natal. Based on research which produced interviews with real estate entrepreneurs, the paper’s main objective is to contribute towards the study of the contemporary city.

Uneven Territorialization and Sea Turtle Conservation in Neoliberal Costa Rica

The commodification of nature through environmental conservation always requires appropriate institutional frameworks to be put in place. Such frameworks often entail making market-conservation practices the only viable choice for accessing and using natural resources. State territorialization constitutes a driving process as it delineates the authority required to determine who has access to and control over natural resources, how and when. In a neoliberal context, such processes of territorialization tend to involve and be oriented by several non-state actors encouraged by interests of securing the means for environmental conservation and capital accumulation. However, by referring to the case of a small Costa Rican protected area called Las Baulas National Park; this article argues that conflicts may also arise between the chosen stewards – in this case, tourism-related real estate entrepreneurs and conservationists. Moreover, in contexts determined by contradicting scales of governance such conflicts may render neoliberal territorialization partial and unclear.

Gaming anyone? A comparative study of recent urban development trends in Las Vegas and Macau

Cities thrive for many reasons. The sheer impact of people, socio-economic activities and urban development promotes the essential conditions for urban growth. Gaming, in addition to a myriad of other entertainment activities, has been used to foster urban growth in cities. Las Vegas and Macau are two territories that are well known for their high concentration of casinos, hotels and shopping malls. This paper reviews current trends in urban development in these two urban agglomerations and discusses their implications from an urban planning perspective. The main conclusion is that the global financial crisis slowed development projects and made real estate entrepreneurs and policy makers more cognizant of the challenges of sustainability and global climate change.

Social Researchers, Right-Wing Demagogues, and the "Blank Space" in American Democracy

On April 8, 2011, less than a fortnight ago as I write, minority whip Jon Kyl (R-Arizona) announced on the Senate floor that you want an abortion, you go to Planned Parenthood. And that's well over 90 percent of what Planned Parenthood does (Collins, 2011). Planned Parenthood president Cecile Richards quickly countered that the real figure is actually 3% (Bassett, 2011). Later that day, Kyl's press secretary, Ryan Patmintra, reported to CNN that the 90% figure not intended to be a factual (Nowicki, 2011). PolitiFact (2011b), a 2009 Pulitzer Prize-winning, nonpartisan Web site dedicated to evaluating the truthfulness of political assertions, concluded that Kyl's statement greatly exaggerated Planned Parenthoods involvement in providing abortions. Kyl eventually admitted to misrepresenting an estimate he had taken from a report published by the Chiaroscuro Foundation (2011), a nonprofit, pro-life group (Nowicki, 2011). Commenting on the Kyl debacle, syndicated columnist Leonard Pitts (2011) concluded that his review of 100 pants on fire political statements (that is, assertions that are untrue and that make ridiculous claims) evaluated on PolitiFact indicated that when it comes to serial lying, to the biggest, most brazen, most audacious lies, the hes repeated ad nauseam until people mistake them for the truth, when it comes to the most absolute contempt for the facts and for the necessity of honest debate, it is not even close. Conservatives have no equal. Lies, distortions, and calumny seem to permeate contemporary political discourse, from Sarah Palin's allegation that President Obama's health care bill would institute death panels for elderly people to Rush Limbaugh's (2009) bizarre contention that Obama was seeking to mandate circumcision. De spite the imbecilic quality of the conspiracy-theory rants of right-wing celebrities like Sean Hannity, Rush Limbaugh, and Glenn Beck that currently suffuse the air waves, right-wing demagogues are influential. Polls indicate that 18% to 24% of Americans believe Obama is a Muslim, despite overwhelming evidence to the contrary and his repeated denials (Holan, 2010). Donald Trump, the well-known real estate entrepreneur, is currently leading the pack of potential Republican presidential nominees, despite (or perhaps because of) the fact that he has joined forces with the birther movement and publically questioned the president's citizenship (PolitiFact, 2011a). Most social researchers are surely troubled, if not appalled, by the mean and misleading nature of contemporary popular political discourse. A majority, perhaps, regards the rampant mendacity of public figures as an exigent, even existential threat to American democracy. Yet social researchers seem rarely to enter the political fray in a meaningful, decisive manner, despite the light that they could shed on pressing social problems. We should ponder the reasons for our current disengagement from the political process and then do something about it--particularly given that the Internet and the utilities it has spawned, like Facebook and Twitter, now provide propagandists and other purveyors of political misinformation with the most powerful tools for their purposes the world has ever known. Perhaps the most contemptible and potentially dangerous of recent politically motivated assaults on the truth are Glenn Beck's diatribes against political scientist, sociologist, and former Columbia University School of Social Work faculty member Frances Fox Piven. Beck has launched literally dozens of ad hominem attacks on Piven on his radio and TV programs and his Web site, the Blaze (http://www.theblaze.com). Beck initially focused on Piven's landmark article The Weight of the Poor: A Strategy to End Poverty, which she coauthored with her husband, Richard Cloward (Cloward & Piven, 1966). Therein, the authors presented what has become known as the Cloward-Piven strategy (n. …

Novas formas de habitat urbano em Cuiabá (MT): os condomínios fechados

This article analyzes the spatial changes in Cuiaba, state capital of Mato Grosso, resulting from development activities by real estate entrepreneurs and the role of the State, during the period from th 1970 to 2010. The State of Mato Grosso arose out of mining initiatives in the 18 Century, and by the 1970s it had become a strategic point and a decision center for the then-military government policy aimed at integrating the Amazon Region into the Brazilian economy, which resulted in an intensive migratory influx. Currently, the State of Mato Grosso is important for its significant agribusiness activities, and its capital city, Cuiaba, with more than 550,000 inhabitants, reflects this dynamic by adapting itself to new demands on the commercial, services and industrial sectors. The territorial dynamic of the city has given rise to the appearance of new urban dwelling formats, particularly in the form of horizontal gated communities and vertical condominiums that constitute veritable private clubs.

‘I Never Held Money with my Teeth’: Constructions of Exemplarity in Abul Fazl Farooqi’s Nasheb-o-Faraz

Although life-stories have been playing a central role in the construction of exemplarity in South Asia for centuries, the autobiographical genre was a latecomer on the region’s literary scene. It only developed in the late nineteenth, early 20th century and was constrained by conventional ‘rules of reticence’, which discouraged narratives of self-aggrandizement. Nasheb-o-Faraz (Ups and Downs), the autobiography of the Delhi-based real estate entrepreneur Mohammad Abul Fazl Farooqi (born ca. 1940), which constitutes the focus of this paper, is not immune to such ‘rules of reticence.’ Nevertheless, Farooqi takes some liberty with these moral and literary codes, and his narrative is a deeply subjective one, through which he aims to project himself as a role model, and more specifically as a moral achiever. This endeavour is not free of internal tensions and, all along the text, Farooqi seems hesitant about the example he ambitions to set. The reception of the text, within his family and beyond, also points to the limits of self-constructions of exemplarity in contemporary India, where the economy of greatness is undergoing major changes in a context of economic liberalization and political democratization.

An Extraordinary Opportunity Wasted on Youth

Yearbook of the National Society for the Study of EducationVolume 107, Issue 2 p. 116-116 An Extraordinary Opportunity Wasted on Youth Sam Zell, Sam ZellSearch for more papers by this author Sam Zell, Sam ZellSearch for more papers by this author First published: 09 December 2008 https://doi.org/10.1111/j.1744-7984.2008.00178.x Samuel “Sam” Zell is a real estate entrepreneur who in April 2007 completed a leveraged buyout of the Tribune Company, publisher of the Chicago Tribune, the Los Angeles Times, and Newsday, and the owner of the Chicago Cubs. This entry was written expressly for publication in this volume. Read the full textAboutPDF ToolsExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinkedInRedditWechat No abstract is available for this article. Volume107, Issue2October 2008Pages 116-116 RelatedInformation

Kimco Realty Corp.

AbstractProperty, Real Estate & Development (MIC: 8.3 SIC: 6798 NAIC: 525930)Kimco Realty is a self‐administered real estate investment trust that owns and operates neighborhood and community shopping centers. In addition, Co. provides preferred equity capital for real estate entrepreneurs and provides real estate capital and advisory services to both healthy and distressed retailers. As of Jan 31 2007, Co. had interests in 1,348 properties, totaling approximately 175.4 million square feet of gross leasable area (GLA) located in 45 states, Canada, Puerto Rico and Mexico. Co.'s ownership interests in real estate consist of its consolidated portfolio, portfolios where it owns an economic interest and other properties or portfolios where it also retains management.

Kimco Realty Corp.

AbstractProperty, Real Estate & Development (MIC: 8.3 SIC: 6798 NAIC: 525930)Kimco Realty is a self‐administered real estate investment trust that owns and operates neighborhood and community shopping centers. In addition, Co. provides preferred equity capital for real estate entrepreneurs and provides real estate capital and advisory services to both healthy and distressed retailers. As of Jan 31 2007, Co. had interests in 1,348 properties, totaling approximately 175.4 million square feet of gross leasable area (GLA) located in 45 states, Canada, Puerto Rico and Mexico. Co.'s ownership interests in real estate consist of its consolidated portfolio, portfolios where it owns an economic interest and other properties or portfolios where it also retains management.

Kimco Realty Corp.

AbstractProperty, Real Estate & Development (MIC: 8.3 SIC: 6798 NAIC: 525930)Kimco Realty is a self‐administered real estate investment trust that owns and operates neighborhood and community shopping centers. In addition, Co. provides preferred equity capital for real estate entrepreneurs and provides real estate capital and advisory services to both healthy and distressed retailers. As of Jan 31 2007, Co. had interests in 1,348 properties, totaling approximately 175.4 million square feet of gross leasable area (GLA) located in 45 states, Canada, Puerto Rico and Mexico. Co.'s ownership interests in real estate consist of its consolidated portfolio, portfolios where it owns an economic interest and other properties or portfolios where it also retains management.

Kimco Realty Corp.

AbstractProperty, Real Estate & Development (MIC: 8.3 SIC: 6798 NAIC: 525930)Kimco Realty is a self‐administered real estate investment trust that owns and operates neighborhood and community shopping centers. In addition, Co. provides preferred equity capital for real estate entrepreneurs and provides real estate capital and advisory services to both healthy and distressed retailers. As of Jan 31 2007, Co. had interests in 1,348 properties, totaling approximately 175.4 million square feet of gross leasable area (GLA) located in 45 states, Canada, Puerto Rico and Mexico. Co.'s ownership interests in real estate consist of its consolidated portfolio, portfolios where it owns an economic interest, and other properties or portfolios where it also retains management.

Three Ways to Build

We contrast three societies in terms of the way property development is socially organized by real estate entrepreneurs, political parties, governments, and corporations. Whereas local growth coalitions dominate in the United States, this is less true of Japan and Italy. National government, linked to conglomerate firms, plays a significant role in Japanese development. In Italy, the national political party system (as opposed to government) is prominent in setting the conditions of local development. Although large corporations are a critical force in all three societies, the manner in which they impact locality differs substantially with divergent consequences for urban morphology and citizens' daily lives.