During the Great Recession; the housing bubble took much of the blame for bringing the American economy to its knees; but commercial real estate also experienced its own boom-and-bust in the same time period. In Chicago; for example; law firms and corporate headquarters abandoned their historic downtown office buildings for the millions of brand-new square feet that were built elsewhere in the central business district. What causes construction booms like this; and why do they so often leave a glut of vacant space and economic distress in their wake?In From Boom to Bubble; Rachel Weber debunks the idea that booms occur only when cities are growing and innovating. Instead; she argues; even in cities experiencing employment and population decline; developers rush to erect new office towers and apartment buildings when they have financial incentives to do so. Focusing on the main causes of overbuilding during the early 2000s; Weber documents the case of Chicagorsquo;s ldquo;Millennial Boom;rdquo; showing that the Looprsquo;s expansion was a response to global and local pressures to produce new assets. An influx of cheap cash; made available through the use of complex financial instruments; helped transform what started as a boom grounded in modest occupant demand into a speculative bubble; where pricing and supply had only tenuous connections to the market. Innovative and compelling; From Boom to Bubble is an unprecedented historical; sociological; and geographic look at how property markets change and failmdash;and how that affects cities.
#2212992 in eBooks 2008-04-21 2008-04-21File Name: B0017U0EUS
Review
5 of 5 people found the following review helpful. Its a much better reference than a textbookBy FrankPVery thorough book on project management. But poorly referenced and its very difficult to find anything. I reference the book in my classes on project management and know a lot of project managers who own it. But I never talked to a project manager who actually read the entire book. Its a much better reference than a textbook.1 of 1 people found the following review helpful. Only for personal use; not for use in the classroomBy GF in ILDepends on what you want it for. I wanted to use it in a classroom with my students. Unfortunately. these have a copyright that prevent this. While I am happy some people can use this. I really wish that the publishers and author had allowed this for educational use.3 of 3 people found the following review helpful. Not my first choiceBy PM studentIf this is a required text for your class then this is a moot review. If you have a choice in the matter. this is a text that has dated (most are older than 2000) small (2-4 pages)in medium text book format to medium(5-10 page) unanswered cases studies for use in an academic environment to discuss 1-2 points per case study. there are several indepth large case studies that hopefuly will cover the bulk of what your assignment requires.As the preface by the author states. many instructors require the content of papers used in the course to be more current limiting the usefulness of the text regardless of the relavance. Unfortunately two of my instructors in the MPMP program required with in 5 years releveance and as the case studies are dated in most instances I was half way through the book to find any that would meet the time requirement. In a first come first pick scholastic environment...ouch.The text does break down the case studies into a logicall grouping order by Project Management sub categories such as scheduling. risk .resources etc. this has some use as a student looking for a case study by those categoriesIn the intent of the author the book does what it is designed to do but for someone who is an acknowleded expert in Project Management field and has numerous other books referenced heavily it would be wonderful if it were brought more up to date.
