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  • All HBS Web  (2,765)
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    • News  (779)
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  • February 2012 (Revised September 2013)
  • Case

Edward Lundberg and the Rockville Building: Energy Efficiency Finance in Commercial Real Estate

By: John D. Macomber and Frederik Nellemann
A commercial landlord analyzes options for funding and accomplishing energy efficiency retrofit. The situation is complicated by lease terms and uncertain effectiveness of the intervention. Students must grapple with obstacles including changing energy prices,... View Details
Keywords: Finance; Real Estate Industry
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Macomber, John D., and Frederik Nellemann. "Edward Lundberg and the Rockville Building: Energy Efficiency Finance in Commercial Real Estate." Harvard Business School Case 212-067, February 2012. (Revised September 2013.)
  • January 2012 (Revised June 2013)
  • Case

Pioneers in Colombia

By: Nicolas P. Retsinas and Lisa Strope
In 2011, Equity International made a $75 million equity investment in Bogota-based real estate company, Terranum Development and became the first institutional real estate investor in Colombia. View Details
Keywords: International Investment; Real Estate; International Finance; Private Equity; Emerging Markets; Investment; Developing Countries and Economies; Real Estate Industry; Colombia
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Retsinas, Nicolas P., and Lisa Strope. "Pioneers in Colombia." Harvard Business School Case 212-050, January 2012. (Revised June 2013.)
  • 14 Feb 2003
  • Keynote Speech

Leadership, Values, and Organization." Speaker. "Advanced Management Development Program in Real Estate

By: Lynn S. Paine
Keywords: Leadership; Values and Beliefs; Organizations
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Paine, Lynn S. Leadership, Values, and Organization." Speaker. "Advanced Management Development Program in Real Estate. Harvard Advanced Management Development Program in Real Estate, Harvard University, Graduate School of Design, Cambridge, MA, February 14, 2003.
  • August 2001 (Revised July 2008)
  • Technical Note

A Technical Note and Discussion on Real Estate Valuation (IBET): Back of the Envelope (BOE) on Bonhomme Place: A Case within a Case

By: Arthur I Segel
Discusses real estate valuation. Reviews "back of the envelope" valuation; real estate appraisal methods, including the income method; market comparables and replacement costs; and more complex computer modeling. Also discusses other variables that could influence... View Details
Keywords: Investment Funds; Mathematical Methods; Valuation; Real Estate Industry
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Segel, Arthur I. "A Technical Note and Discussion on Real Estate Valuation (IBET): Back of the Envelope (BOE) on Bonhomme Place: A Case within a Case." Harvard Business School Technical Note 802-025, August 2001. (Revised July 2008.)
  • March 2005 (Revised May 2011)
  • Course Overview Note

Conceptual Overview of Real Property

By: Arthur I Segel and Ann Winslow
Real estate represents the largest asset class in the world. Businesses in the United States have over $8.6 trillion of real estate assets on their balance sheets. Excluding housing--worth $16 trillion in the United States--and corporate-owned real estate, there is... View Details
Keywords: Property
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Segel, Arthur I., and Ann Winslow. "Conceptual Overview of Real Property." Harvard Business School Course Overview Note 205-072, March 2005. (Revised May 2011.)​
  • December 2012
  • Teaching Note

The Paris Opera Hotel (TN)

By: Arthur I Segel
This case provides an introduction to hotel investment, development and management from the perspective of a short term oriented investor group. Students learn that hotels are a unique real estate property type, with performance often tied to the broader economy, and... View Details
Keywords: Real Estate; Hotel; Paris; Business or Company Management; Negotiation; Finance; Accommodations Industry; Accommodations Industry
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Segel, Arthur I. "The Paris Opera Hotel (TN)." Harvard Business School Teaching Note 213-066, December 2012.
  • 13 Feb 2004
  • Lecture

Merck, Sharp & Dohme Argentina, Inc." Speaker. "Advanced Management Development Program in Real Estate

By: Lynn S. Paine
Keywords: Real Estate Industry
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Paine, Lynn S. Merck, Sharp & Dohme Argentina, Inc." Speaker. "Advanced Management Development Program in Real Estate. Lecture at the Harvard Advanced Management Development Program in Real Estate, Harvard University, Graduate School of Design, Cambridge, MA, February 13, 2004.
  • October 1988
  • Case

Beef Industry Council: ""Beef--Real Food for Real People"" Campaign

By: Stephen A. Greyser
Keywords: Advertising Campaigns; Animal-Based Agribusiness; Agriculture and Agribusiness Industry; Agriculture and Agribusiness Industry
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Greyser, Stephen A. Beef Industry Council: ""Beef--Real Food for Real People"" Campaign. Harvard Business School Case 589-059, October 1988.
  • November 2011 (Revised December 2012)
  • Case

Making Lemonade in Chicago's Troubled Neighborhoods

By: Nicolas Retsinas, Jazzmin Lamas and Lisa Strope
This case focuses on the complexities of building a real estate investment company in two Chicago low-income neighborhoods, Roseland and Englewood, during the foreclosure crisis in 2011. View Details
Keywords: Real Estate; Investment Management; Financial Management; Social Issues; Investment; Real Estate Industry; Chicago
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Retsinas, Nicolas, Jazzmin Lamas, and Lisa Strope. "Making Lemonade in Chicago's Troubled Neighborhoods." Harvard Business School Case 212-042, November 2011. (Revised December 2012.)
  • November 2001
  • Teaching Note

Laura Martin: Real Options and the Cable Industry TN

By: Mihir A. Desai and Mark Veblen
Teaching Note for (9-201-004). View Details
Keywords: Communications Industry
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Desai, Mihir A., and Mark Veblen. "Laura Martin: Real Options and the Cable Industry TN." Harvard Business School Teaching Note 202-060, November 2001.
  • April 2023
  • Article

The Real Exchange Rate, Innovation and Productivity

By: Laura Alfaro, Alejandro Cuñat, Harald Fadinger and Yanping Liu
We evaluate manufacturing firms' responses to changes in the real exchange rate (RER) using detailed firm-level data for a large set of countries for the period 2001-2010. We uncover the following stylized facts about regional variation of manufacturing firms'... View Details
Keywords: Real Exchange Rate; Firm Level Data; Innovation; Productivity; Exporting; Importing; Credit Constraints; Currency Exchange Rate; Innovation and Invention; Performance Productivity
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Alfaro, Laura, Alejandro Cuñat, Harald Fadinger, and Yanping Liu. "The Real Exchange Rate, Innovation and Productivity." Journal of the European Economic Association 21, no. 2 (April 2023): 637–689.
  • 2011
  • Other Unpublished Work

Cloistered in the Pink Ghetto: Women in Private Equity, Real Estate And Venture Capital

By: Nori Gerardo Lietz
Citation
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Lietz, Nori Gerardo. "Cloistered in the Pink Ghetto: Women in Private Equity, Real Estate And Venture Capital." November 2011.
  • September 1982 (Revised July 2007)
  • Background Note

Gift and Estate Taxes

By: Henry B. Reiling and Timothy O'Brien
Identifies and discusses the major features of the federal gift and estate tax, plus major nontax implications. View Details
Keywords: Finance; Taxation; Business and Government Relations; Public Administration Industry
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Reiling, Henry B., and Timothy O'Brien. "Gift and Estate Taxes." Harvard Business School Background Note 283-024, September 1982. (Revised July 2007.)
  • 30 Aug 2004
  • Research & Ideas

Real Estate: The Most Imperfect Asset

big and diverse. Today, however, American investors are buying distressed mortgages in Japan, industrial buildings in Mexico, and developing shopping centers in Eastern Europe. Globalization has hit the real... View Details
Keywords: by Sarah Jane Johnston; Real Estate; Real Estate
  • 2020
  • Working Paper

The Real Exchange Rate, Innovation and Productivity

By: Laura Alfaro, Alejandro Cuñat, Harald Fadinger and Yanping Liu
We evaluate manufacturing firms' responses to changes in the real exchange rate (RER) using detailed firm-level data for a large set of countries for the period 2001–2010. We uncover the following stylized facts about regional variation of manufacturing firms'... View Details
Keywords: Real Exchange Rate; Firm Level Data; Innovation; Productivity; Exporting; Importing; Credit Constraints; Currency Exchange Rate; Innovation and Invention; Performance Productivity
Citation
SSRN
Read Now
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Alfaro, Laura, Alejandro Cuñat, Harald Fadinger, and Yanping Liu. "The Real Exchange Rate, Innovation and Productivity." Harvard Business School Working Paper, No. 18-044, November 2017. (Revised April 2020.)
  • January 2023 (Revised January 2024)
  • Teaching Note

Shanty Real Estate: Teaching Note

By: Michael Luca, Jesse M. Shapiro and Nathan Sun
Teaching note to Prof. Luca and Prof. Shapiro's Shanty Real Estate Case. View Details
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Luca, Michael, Jesse M. Shapiro, and Nathan Sun. "Shanty Real Estate: Teaching Note." Harvard Business School Teaching Note 923-031, January 2023. (Revised January 2024.) (Teaching Note for HBS Case Nos. 923-016, 923-017, 923-018, 923-019, 923-020, 923-021, 923-022, and 923-023.)
  • May 2017
  • Case

Cambridge Franchise Partners

By: Richard Ruback and Royce Yudkoff
Two partners commence a rollup in the quick-service restaurant segment. They focus on operating improvements and spinning-off real estate. View Details
Keywords: Real Estate; Mergers and Acquisitions; Operations; Performance Improvement; Property; Management
Citation
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Ruback, Richard, and Royce Yudkoff. "Cambridge Franchise Partners." Harvard Business School Case 217-082, May 2017.
  • 18 Feb 2005
  • Keynote Speech

The Leader's Role in Shaping Organizational Values." Speaker. "Advanced Management Development Program in Real Estate

By: Lynn S. Paine
Keywords: Leadership; Organizations; Values and Beliefs
Citation
Related
Paine, Lynn S. The Leader's Role in Shaping Organizational Values." Speaker. "Advanced Management Development Program in Real Estate. Harvard Advanced Management Development Program in Real Estate, Harvard University, Graduate School of Design, Cambridge, MA, February 18, 2005.
  • August 2018 (Revised December 2019)
  • Case

Brooklyn Lodgers: 78 South Third St., Brooklyn, NY

By: Charles F. Wu, Jackie Bereiter and Signe Conway
Nathalie Parizat and her husband, Hugo, were contemplating a new real estate investment. For two years they had been frustrated by and lamenting their situation of paying high rents to third parties while the couple had idle cash in the bank. They also were convinced... View Details
Keywords: Real Estate Development; Property; Investment; Management; New York (city, NY); Brooklyn
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Wu, Charles F., Jackie Bereiter, and Signe Conway. "Brooklyn Lodgers: 78 South Third St., Brooklyn, NY." Harvard Business School Case 219-022, August 2018. (Revised December 2019.)
  • October 2024 (Revised May 2025)
  • Case

Southern California Industrial: Freezer Drive

By: Arthur I Segel, Dwight Angelini and W. Matt Kelly
In the midst of the COVID-19 pandemic, a Boston based real estate private equity firm was seeking to make their very first West Coast investments in hopes of establishing their presence in the strategic region. An exciting property suddenly became available on the... View Details
Keywords: Real Estate Development; Acquisition; Health Pandemics; Risk and Uncertainty; Expansion; Cost vs Benefits; Investment Return; Real Estate Industry
Citation
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Segel, Arthur I., Dwight Angelini, and W. Matt Kelly. "Southern California Industrial: Freezer Drive." Harvard Business School Case 225-015, October 2024. (Revised May 2025.)
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