What is the role of a major university or hospital in a city trying to reinvent itself? How does one company that owns millions of acres of land outside the city impact long-range land use planning for a region? The unique role of large landowners both within cities and at the urban fringe is examined in The Impact of Large Landowners on Land Markets, edited by Raphael W. Bostic, who is now at HUD helping craft a new housing blueprint. Both tensions and synergies can emerge when a single owner or institution has significant control over the local land market, whether major hospitals in cities, or companies with vast land holdings such as the St. Joe paper company in Florida’s panhandle, which has been steadily developing tracts of nearly a billion acres of timberland. Large landowners are commonly found on the fringes of metropolitan areas, and frequently this land is in transition from agricultural to urban uses, and represents a source of income or a legacy for the next generation. Many universities and other nonprofit institutions own large parcels of land; because they contribute to the urban economy, they often hold the bargaining advantage in comparison to other actors when town-gown issues arise. Understanding the interests represented by large landowners can be an important step in conducting broader benefit-cost analyses of land use policies and decisions, the book suggests. Eric S. Belsky, executive director of the Joint Center for Housing Studies of Harvard University, praised the volume for its potential to inform new frameworks for characterizing these complex arrangements.