About the editors JOHN R. WHITE, MAI, CRE, held an AB degree from Harvard and an MBA in marketing and real estate from New York University. He was the long-term president, chairman and chief executive officer of Landauer Associates, Inc., New York, an international real estate consulting firm. He acted as a consulting intermediary in the purchase or sale of the former Pan Am Building in New York, L'Enfant Plaza in Washington, D.C., and the Bank of the Southwest in Houston, and he arranged $500 million in financing for the General Motors Building in New York. John White was a board member of 10 real estate, banking, insurance, and development companies and received a dozen awards from civic and trade associations for his contributions to real estate. He was the author of over 100 published articles on real estate finance, investment, and valuation, and wrote or contributed to four books. He was Editor in Chief and contributing author of The Office Building: From Concept to Investment Reality. He died on March 29, 1995, shortly after completion of his work on this book. KEVIN D. GRAY, CRE, is Senior Vice President of Landauer Associates in New York, with 17 years of experience in investment consulting, retail planning, and architecture. He specializes in strategy consulting and research for foreign and domestic pension funds, institutions, investment banks, and developers. Kevin Gray holds an MA in finance from the Yale School of Management, and BA and MA degrees in architecture from the University of Pennsylvania. He is a registered architect in Connecticut and a certified appraiser in numerous states. He is the author of several articles on real estate topics.