Management audit [of] Department of Central Management Services' Business Enterprise Program and Illinois Department of Transportation's Disadvantaged Business Enterprise Program /

Audit was conducted pursuant to Senate Resolution no. 102 (adopted April 21, 2005).

News and notices about the Office of the Secretary of State.

Mode of access: Internet.

Procedures and forms for filings in the office of the Secretary of State under Article 9 of the Uniform commercial code.

Mode of access: Internet.

Program and management audit of the Illinois Department of Public Aid's Kidcare Program.

"To the Legislative Audit Commission, the Speaker and Minority Leader of the House of Representative, the President and Minority Leader of the Senate, the members of the General Assembly, and the Governor."--Cover letter.

Report of the Secretary of State and Human Resources Advisory Committee on handicapped parking issues : submitted to the Illinois legislature, January 1987.

Cover title.

Report of the Office of Coal Development and Marketing.

Vols. for <1987-1988,1990 include report of Illinois Coal Development Board.

Residential energy costs and assistance in Illinois : evaluation of the 1992-93 winter /

"ILENR/RE-PR-93/05(94)

Safety and service : 10 years in the Office of the Secretary of State,

Lists accomplishments of the administration of Jim Edgar as Illinois Secretary of State from 1981-1991.

Survey of Illinois school districts on the service quality provided by the Illinois State Board of Education and the Regional Offices of Education annual report.

"Pursuant to Public Act 89-212, enacted in 1995. The Act specifies that the survey should annually evaluate the nature and quality ..."

The Illinois state survey and plan for the construction of hospitals and medical facilities (P.L. 725 and P.L. 482) /

Description based on: 16th annual revision (1964)

Real estate research needs of the plan sponsor community:what do the plan sponsor real estate investment managers want to know?

This article reports the results of a web-based survey of real estate portfolio managers in the pension fund industry. The study focused on ascertaining the real estate research interests of the respondents as well as whether or not research funding should be allocated to various research topics. Performance measures of real estate assets and portfolios, microeconomic factors affecting real estate and the role of real estate in a mixed-asset portfolio were the top three real estate research interests. There was some variation by the type and size of fund providing evidence that segmentation is important within the money management industry. Respondents were also queried on more focused research subtopics and additional questions in the survey focused on satisfaction with existing real estate benchmarks, and perceptions of the usefulness of published research. Findings should be used to guide research practitioners and academics as to the most important research interests of plan sponsor real estate investment managers.

On the Capital Structure of Real Estate Firms

The leverage and debt maturity choices of real estate companies are interdependent, and are not made separately as is often assumed in the literature. We use three-stage least squares (3SLS) regression analysis to explore this interdependence for a sample of listed U.S. real estate companies and Real Estate Investment Trusts (REITs) traded between 1973 and 2006.We find substantial differences in the nature of the relationship between leverage and maturity for the two firm types. Leverage is a determinant of maturity for non-REITs, whereas maturity is a determinant of leverage for REITs. We also find that the drivers of capital structure choices in real estate companies and REITs clearly reflect the effects of the REIT regulation.

Public awareness of “green” and “energy efficient” residential property : an empirical survey based on data from New Zealand

Purpose – The purpose of this paper is to examine the buyer awareness and acceptance of environmental and energy efficiency measures in the New Zealand residential property markets. This study aims to provide a greater understanding of consumer behaviour in the residential property market in relation to green housing issues ---------- Design/methodology/approach – The paper is based on an extensive survey of Christchurch real estate offices and was designed to gather data on the factors that were considered important by buyers in the residential property market. The survey was designed to allow these factors to be analysed on a socio-economic basis and to compare buyer behaviour based on property values. ---------- Findings – The results show that regardless of income levels, buyers still consider that the most important factor in the house purchase decision is the location of the property and price. Although the awareness of green housing issues and energy efficiency in housing is growing in the residential property market, it is only a major consideration for young and older buyers in the high income brackets and is only of some importance for all other buyer sectors of the residential property market. Many of the voluntary measures introduced by Governments to improve the energy efficiency of residential housing are still not considered important by buyers, indicating that a more mandatory approach may have to be undertaken to improve energy efficiency in the established housing market, as these measures are not valued by the buyer. ---------- Originality/value – The paper confirms the variations in real estate buyer behaviour across the full range of residential property markets and the acceptance and awareness of green housing issues and measures. These results would be applicable to most established and transparent residential property markets.

Hedging private international real estate

The performance of an international real estate investment can be critically affected by currency fluctuations. While survey work suggests large international investors with multi-asset portfolios tend to hedge their overall currency exposure at portfolio level, smaller and specialist investors are more likely to hedge individual investments and face considerable specific risk. This presents particular problems in direct real estate investment due to the lengthy holding period. Prior research investigating the issue relies on ex post portfolio measure, understating the risk faced. This paper examines individual risk using a forward-looking simulation approach to model uncertain cashflow. The results suggest that a US investor can greatly reduce the downside currency risk inherent in UK real estate by using a swap structure – but at the expense of dampening upside potential.