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Peter F. Colwell
Professor of Finance and ORER Professor of Real Estate Research

Educational Background

Ph.D., M.A., Wayne State University, 1973, 1969
B.A., Albion College, 1965

Positions Held

At the University of Illinois since 1977. Director, Office for Real Estate Research, since 1994. Lecturer in economics, Howard University, 1974-77. Assistant professor of real estate, University of Georgia, 1970-73.

Recent Publications

"The Effect of Group Homes on Neighborhood Property Values", with C. Dehring, in Land Economics, (forthcoming). "Who was first? An examination of an early hedonic study," with G. Dilmore, Land Economics Vol. 74, pp. 620-626 (1999).  "Land Prices and Land Assembly in the CBD," with H.J. Munneke, The Journal of Real Estate Finance and Economics, Vol. 18, pp. 163-180 (1999). "Buyer Brokerage: Incentive and Efficiency Implications," with A. Yavas, Journal of Real Estate Finance and Economics, Vol. 18, pp. 295-297 (1999).

Honors and Awards

Prize for the best paper presented at the American Real Estate Society annual meeting on Real Estate Brokerage/Agency, 1995. Finalist for the university wide outstanding graduate mentor award, 1999.  Honorary Professor, University of Aberdeen, Scotland, UK.  Emeritus Faculty, Homer Hoyt Institute, West Palm Beach.

Academic Service

President of American Real Estate and Urban Economics Association (AREUEA), 1995. Director, (AREUEA), 1996-98. On the review board of AREUEA Journal, Real Estate Economics, 1990-present. Member of the editorial board of The Journal of Real Estate Research, 1989-97, and Journal of Real Estate Finance and Economics, 1992-present.

Teaching and Research

Teaches courses in fundamentals of real estate, urban land economics, and real estate investments. Research focuses on the determinants of urban land value, land use policy, and property taxation.

Contact Information:
140A Wohlers Hall
1206 South Sixth Street
Champaign, IL 61820
(217) 333-1185

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