Category: Development

How Avalon Bay Communities Built a “Self-Serve” Apartment Building to Reach the Missing Middle Housing Sector

Connor Mattoon on

In terms of affordability, one tends to think of the dichotomy between luxury apartment buildings that offer ample community amenities and federally or state subsidized “low-income” units. However, there is an additional cohort of people within the affordability spectrum that fall between high-priced luxury units and subsidized units within the United States. Avalon Bay Communities… Continue Reading How Avalon Bay Communities Built a “Self-Serve” Apartment Building to Reach the Missing Middle Housing Sector

Place, Joy and Justice: A Placemaking and Urban Planning Lecture by Jay Pitter

Dahlia Idris on

On Friday, September 10, 2021, Jay Pitter, an award-winning placemaker author, and urban planning lecturer, honored us with her presence in the Cornell’s Distinguished Speaker Series, an event organized by the Cornell Architecture, Art, and Planning (AAP) and Baker Program in Real Estate. As a placemaker whose personal aspiration is to create inclusive cities, Ms.… Continue Reading Place, Joy and Justice: A Placemaking and Urban Planning Lecture by Jay Pitter

The Case for Monte Carlo Simulation in Commercial Real Estate Modeling

Blake Smith on

Introduction Robust underwriting is a key element of any commercial real estate (CRE) investor’s success.  Currently, institutional and retail CRE investors typically employ some form of static discounted cash flow (DCF) modelling to value properties and identify attractive investments.  Unfortunately, static DCF modelling suffers from several flaws that stem from its inability to take uncertainty… Continue Reading The Case for Monte Carlo Simulation in Commercial Real Estate Modeling

Brownfield Redevelopment & Affordable Housing – A Unique Opportunity

Katherine Selch on

Across the nation, housing insecurity is one of the most critical issues cities are facing.  The National Low Income Housing Coalition found in 2020 that full-time minimum wage workers cannot afford a two-bedroom market-rate rental anywhere in the US.  At the current market rate average, minimum wage workers would need 97 hours per week to… Continue Reading Brownfield Redevelopment & Affordable Housing – A Unique Opportunity

Rising Tides: Consolidation and Development in the Marina Industry

Adam Welch on

Marinas, long the domain of local, independent owner-operators, have seen increasing interest from investors over the past 15 years. Now dominated by a few large institutionally backed firms, the industry has quickly transformed from one comprised of properties that store and service boats to one that has seen billions of dollars in capital inflows from… Continue Reading Rising Tides: Consolidation and Development in the Marina Industry

Making Affordable Housing Accessible Through More Inclusive Housing Financing : A Case Study of Ghana

Eugene Afranie on

Ghana’s housing crisis is intensifying as the housing affordability bracket of the growing demand is below the average market price point. The challenges posed by the growing demand are predominantly driven by the inability to lease a home or access credit to acquire a home. Though in recent years the Government of Ghana has begun… Continue Reading Making Affordable Housing Accessible Through More Inclusive Housing Financing : A Case Study of Ghana

6th Annual Titans of Real Estate – Honoring Brian Kingston, CEO of Brookfield Property Partners

Adam Welch on

    On Tuesday, April 6th, 2021 Cornell University’s Center for Real Estate and Finance and the Cornell Baker Program in Real Estate hosted the 6th Annual Titans of Real Estate event virtually honoring Brian Kingston, managing partner and CEO of Brookfield Property Partners in an interview with Richard Baker ’88, governor, executive chairman, and… Continue Reading 6th Annual Titans of Real Estate – Honoring Brian Kingston, CEO of Brookfield Property Partners

Solving the Real Estate Puzzle with Adam Greene (B.Arch ’06)

Katherine Selch on

The Cornell Baker Program in Real Estate recently welcomed a distinguished alum of the Architecture, Art & Planning School to discuss real estate development in New York City.  Adam Greene is currently Senior Vice President of Development at RXR Realty and RXR’s Project Executive for 175 Park Avenue.  He previously served as principal for MAG… Continue Reading Solving the Real Estate Puzzle with Adam Greene (B.Arch ’06)

Greening the Grid: Energy Efficiency and Real Estate Retrofits with Cullen Kasunic

Katherine Selch on

Recently, Cornell’s real estate graduate students got a front-row seat to learn about increasing building energy efficiency, sustainability, and creating and growing a company from the ground up.  BlocPower is a Brooklyn-based energy technology startup rapidly greening American cities.  Since its founding in 2014, the company has completed energy retrofits in nearly 1,000 buildings.  Their… Continue Reading Greening the Grid: Energy Efficiency and Real Estate Retrofits with Cullen Kasunic

A Crash Course in Affordable Housing: Camber Property Group

Sam Berry on

Rick Gropper and Andrew Moelis know their niche and execute it well.  Together, their understanding of the affordable housing market in New York City has, in short order, established their presence not only in the world of real estate investors, but, perhaps more importantly, the community stakeholders benefitting from their efforts.  After a time as… Continue Reading A Crash Course in Affordable Housing: Camber Property Group