Essays in Honor of James A. Graaskamp: Ten Years After

1. Front Matter

   Pages i-xxv

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2. Graaskamp’s Impact on the Real Estate Discipline

   1. Front Matter

      Pages 1-1

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   2. Can an Eclectic Fiery “Chief” Be in the Mainstream? The Relationship of the Life and Work of James A. Graaskamp to Mainstream Real Estate Thought

      • Stephen E. Roulac

      Pages 3-40

   3. The Legacy

      • Maury Seldin

      Pages 41-49

   4. Graaskamp: A Holistic Perspective

      • James R. DeLisle

      Pages 51-85

3. Personal Reflections on Graaskamp, the James A. Graaskamp Award Winners, and the Wisconsin Program

   1. Front Matter

      Pages 87-87

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   2. In Memoriam Ten Years Later: James A. Graaskamp, 1933 to 1988

      • Stephen P. Jarchow

      Pages 89-91

   3. A Note on Graaskamp’s Methodological Contribution to Academic Real Estate

      • Austin J. Jaffe

      Pages 93-100

   4. Biographies of Recipients of the James A. Graaskamp Award

      • James R. DeLisle, Elaine M. Worzala

      Pages 101-122

   5. The Wisconsin Tradition: The Wisconsin Real Estate Program, the Wisconsin Real Estate Alumni Association, and the Center for Urban Land Economics Research

      • James R. DeLisle, Elaine M. Worzala

      Pages 123-131

4. Real Estate Feasibility and Development

   1. Front Matter

      Pages 133-133

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   2. The Application of Financial Analysis and Market Research to the Real Estate Development Process

      • Brian A. Ciochetti, Emil E. Malizia

      Pages 135-163

   3. A Simpler Framework for Feasibility Analysis

      • Valmond Ghyoot

      Pages 167-185

   4. Credit Rationing, Capital Constraints, And Real Estate Development Activity

      • Elli Kraizberg

      Pages 187-211

   5. Transportation Routes, Apartment Rents, and the Assessment of Value

      • Jim Frew, Beth Wilson

      Pages 213-228

5. Real Estate Valuation

   1. Front Matter

      Pages 229-229

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   2. Graaskamp and Business Enterprise Value: It’s in the Profit Centers

      • William N. Kinnard Jr., Elaine M. Worzala

      Pages 231-257

   3. Graaskamp and Intangible Property Valuation in Regional Shopping Centers

      • Luis C. Mejia, Mark J. Eppli

      Pages 259-276

   4. Valuation for Portfolio Analysis: Incorporating Risk and Uncertainty Measurement Into the Appraisal Process

      • Terry V. Grissom

      Pages 277-306

   5. Graaskamp’s Concept of Highest and Best Use

      • Kerry D. Vandell, Charles C. Carter

      Pages 307-319

As the title indicates, Essays in Honor of James A. Graaskamp: Ten Years After, is a collection of essays written to honor Graaskamp's major contributions to the field of real estate education and practice over the course of three decades. Upon his death in 1988, the industry lost a major influence for advancing the real estate discipline, both as an academic field and a professional field. The authors in this volume seek to extend Graaskamp's contributions and move the real estate discipline forward. The papers address the challenges posed by the market to return our attention to real estate fundamentals, and to strike a proper balance between Main Street and Wall Street. The authors and editors hope that this book will influence the industry to incorporate many of Grasskamp's ideas into mainstream real estate education and practice.
Over the course of his career, Graaskamp made many noteworthy contributions to real estate theory and practice, ideas that if resurrected could offset some of the pressure in the industry to move away from market fundamentals. The authors try to capture the essence of Graaskamp's messages, and intend that the papers serve as a point of departure for discussing the future role and nature of real estate education.
Part I focuses on the major contributions to the real estate discipline made by Graaskamp and the Wisconsin Real Estate Program. Part II contains some personal recollections and photos of Graaskamp, and also a summary of the groups that make up the Wisconsin Real Estate Program, a major co-sponsor of this volume. The rest of the book's three main parts are structured around major topics that reflect the multidisciplinary nature of real estate as espoused by Graaskamp. Part III treats real estate feasibility and development, Part IV concentrates on real estate valuation, and Part V discusses institutional economics.

• Real Estate
• economics
• education
• institutional economics
• valuation

• Georgia State University, USA

  James R. DeLisle

• Colorado State University, USA

  Elaine M. Worzala

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