Author: Tiya Jain

Tiya Jain is a Baker Program in Real Estate graduate student. Prior to Baker she completed her chartered accountancy course in India (Equivalent to the CPA) and has 6 years of post-qualification experience with multinationals such as Ernst & Young, Deutsche Bank, Deloitte etc. Her last position at Deloitte involved advising large developers and private equity funds on funding, structuring and cost saving transactions in line with the local laws and regulations. Prior to Deloitte, she helped Aldia Capital, a boutique investment advisor in India, set up base in Mumbai. She was responsible for creating trusting relationships with the local real estate developers for the firm to secure $100 mm mandates. Tiya also strengthened local banking and financial relationships to the firm to tie up both ends of the deal making process. She is also interested in sustainable energy solutions, solar technology and she implemented the same for 3 housing societies in her neighborhood in Mumbai to cut energy costs by 25%. At Cornell, Tiya is the VP of Events for the Cornell Real Estate Women’s club that looks at leveraging opportunities for professional growth for women and eliminating the gender differences in the real estate industry. Tiya is also a Junior editor for the Cornell Review. The assignment involves contributing high quality research articles for the Cornell yearly journal and also interviewing real estate industry leaders who speak at the Distinguished Speaker Series. She enjoys playing Sudoku and practicing eastern philosophies such as yoga and meditation in her free time. Post Baker she would like to work in real estate investments and finance.

The Indian Warehousing Revolution (4 mins)

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India’s economy is poised to leapfrog from its current seventh-place position to the third-largest economy in the world by 2027 with US$6 trillion gross domestic product according to a recent Morgan Stanley research paper. India’s e-commerce market has reached US$33 billion registering a 19.1 percent growth rate in 2016-2017, as per the recently-published Economic Survey 2018 by… Continue Reading The Indian Warehousing Revolution (4 mins)

The dilemma of foreign capital chasing residential real estate in Vancouver and other gateway markets (8 mins)

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The challenge of finding a home to buy in Vancouver can be hard to address. To address the housing crisis, the city recently implemented an annual tax on empty or under-utilized residential properties called the Empty Homes Tax. Properties deemed empty will be subject to a tax of 1% of the property’s assessed taxable value.[1]… Continue Reading The dilemma of foreign capital chasing residential real estate in Vancouver and other gateway markets (8 mins)

DSS Wrap-up: Alumni panel (5 mins)

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The alumni panel for the Distinguished Speaker Series for 2018 had the following Cornell alumni talk to students about their success in the industry:   Jonathan Cohen ’10 Jonathan has been in the real estate and construction industry for over 12 years. As a builder, Jonathan has overseen over 400 million dollars of construction including, residential,… Continue Reading DSS Wrap-up: Alumni panel (5 mins)

Office investment activity in India

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When I was working at Deloitte, many of our clients that were US based real estate investment management companies approached us to help structure exits for their investments in India. The regulations laid down several restrictions on foreign investors. The added layer of complexity was the absence of a mechanism for absorption of stabilized product.… Continue Reading Office investment activity in India

Cornell Real Estate Conference Wrap Up: Afternoon Panels

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The 2nd half of the 35th Cornell Real Estate Conference was an engaging session consisting of a speech by the recipient of the Industry Leader Award of the year, Jonathan Rose, followed by two major panels. Mr. Rose spoke about his recent book ‘The Well-Tempered City’ that covers the major trends that affect cities and… Continue Reading Cornell Real Estate Conference Wrap Up: Afternoon Panels

The rise of Brooklyn as a hotbed for TAMI

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For decades, Manhattan has monopolized the office market in New York City (‘NYC’). However, Brooklyn is gaining momentum as the 4th largest office submarket in NYC after Midtown, Midtown South and Downtown. Brooklyn stands out due to its lower rents, specifically to TAMI (technology, advertising, media and information) tenants that are inclined towards providing a… Continue Reading The rise of Brooklyn as a hotbed for TAMI

DSS Wrap-Up: Middle Market CRE Lending with Mark Fogel of ACRES Capital

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Cornell’s Baker Program in Real Estate welcomed Mark Fogel of ACRES Capital to campus on August 31st for its first Distinguished Speaker Series event of the 2017-2018 academic year.  ACRES Capital has a unique business model that meets the needs of developers who are unable to secure debt from traditional sources, particularly for construction and… Continue Reading DSS Wrap-Up: Middle Market CRE Lending with Mark Fogel of ACRES Capital

Distinguished Speaker Series: Mark Fogel, Founder – ACRES Capital

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  The new semester begins with a bang! Our first speaker for the Distinguished Speaker Series is Mark Fogel, founder of ACRES Capital, a debt fund headquartered in Long Island. Since, I had the pleasure of working in acquisitions with Mark over winter break, I look forward to my classmates getting a glimpse of his… Continue Reading Distinguished Speaker Series: Mark Fogel, Founder – ACRES Capital