[Excerpt] Dear friends, alumni and supporters of Cornell’s Program in Real Estate, We are pleased to present Volume 2 of the Cornell Real Estate Journal. Assembled and presented by Executive Editors Chandan Banerjee and Brook Katzen (both MPS/RE ’04 candidates) you will find articles prepared by students, faculty, and friends of our Program on a wide range of topics and locations. Mixed in with articles dealing with investment opportunities in China, Responses to September 11 and Timeshare in Mixed Use Projects are papers on valuation theory and practice as well as an original case study and student response.