Tuesday, May 28, 2024 May 28, 2024
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Steve Crosson

Steve Crosson

Crosson Dannis Inc.

Steve Crosson is chairman and CEO of Crosson Dannis Inc., a valuation and consulting firm providing services throughout the United States. Crosson specializes in complex properties and valuation issues, as well as litigation support. He serves as board chair and editor-in-chief of The Appraiser Journal.

Stories by Steve Crosson

Business

Steve Crosson: Do Today’s Artificially Low Rates Mean Trouble Ahead?

The current era of inordinately low interest rates is entering its fifth year. The casual observer (e.g., the homebuyer) may be pleased with this phenomenon. However, I am concerned that such financial engineering by the Federal Reserve is contributing to the mispricing of assets, including commercial real estate.
Business

Steve Crosson: Business Climates—California vs. Texas

A recent front-page article in Investor’s Business Daily put the differences in the economic climates of California and Texas in sharp relief. Not surprisingly, California consistently ranks at or near the bottom in terms of business friendliness while Texas is in the top 5. The article cites various metrics for its conclusions, including the following:
Business

Steve Crosson: Another Great Asset for Big D

There is an important but under-recognized resource for the business community in Dallas. It is the William J. O’Neil Center for Global Markets and Freedom, based on the campus of Southern Methodist University.
Commercial Real Estate

Steve Crosson: Too Big to Fall?

All types of commercial real estate improvements are routinely razed, upon becoming physically deteriorated or obsolete. All except one: highrise office towers.
Uncategorized

Steve Crosson: Dallas Has No Identity—Really?

I once heard a national news anchor, here on assignment, state that, “Dallas is a city in search of an identity." As a fourth-generation Dallasite, I took immediate exception to this characterization, but have since thought about his comment in some depth.
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Stories by Steve Crosson

Commercial Real Estate

Steve Crosson: The Schism Among Real Estate Funds

There’s an emerging dichotomy among large real estate funds that are seeking to raise cash for new investment. On one hand, Blackstone Group LP has raised in excess of $10 billion in less than 12 months. On the other, funds such as Apollo have had difficulty in achieving planned fund sizes.
Uncategorized

Steve Crosson: A Fight is Sure to Break Out at this Party

For the uninitiated, there’s an upcoming real estate event like no other. It’s Fight Night, presented by The Real Estate Council on May 3 at the Hilton Anatole.
Residential

Steve Crosson: Rent Control—Constitutional, or Compensable Taking of Property Rights?

Thankfully, owners of rental apartments in Texas need not be concerned about government-mandated rent controls. But for those with investments in other areas that have such laws, the ramifications of a current challenge to rent control, aka “rent stabilization," may be profound.
Uncategorized

Steve Crosson: The Importance of Forecasting Demand

The forecasting of commercial real estate performance has historically focused primarily on supply in the supply-demand equation. Prior to the mid-1990s, there was some logic in so doing, as downturns were typically caused by excessive capital, which led to ruinous overbuilding. The tacit assumption was that demand levels would continue at least at current levels and would probably increase.
Uncategorized

Steve Crosson: What is it About Texas?

Businesspeople know that Texas is a great place for enterprise of all types. The explanation of why this is so includes the obvious (relatively low rates of taxation, the paucity of union influence, the pro-business stance of government, and so on). However, such explanations don’t go to the heart of what makes the Lone Star State unique.
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