This article is a follow-up to an article posted last October that speculated about the viability of reusing distressed motel properties for various types of high-demand housing. In that article, various qualitative factors were laid out which could make certain properties easier to redevelop than others. It concluded that there would also be a mix… Continue Reading Identifying Reuse Opportunities Among Cape Cod’s Vacant Motels
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Hahne & Co.: Cornell Real Estate Review’s First Collaborative ULI Case Study
We are pleased to present a ULI case study of the redevelopment of the historic Hahne & Co. building in Newark, New Jersey. This is the first in a series of case studies and briefs jointly created by ULI and Cornell University’s Baker Program in Real Estate. The Baker Program is honored to collaborate with… Continue Reading Hahne & Co.: Cornell Real Estate Review’s First Collaborative ULI Case Study
Student Housing in India – Challenges and the Way Forward
In this article, the second in a two-part series (Link to Part 1) on student housing in India, current challenges to the industry are examined. The scope is limited to legal and investment challenges that may be encountered by developers, operators, and investors of student housing in India. Since formal student housing is in its… Continue Reading Student Housing in India – Challenges and the Way Forward
Leadership and Democracy will Vindicate Airbnb in 2020
Airbnb, the online marketplace for short-term rentals, has announced that its forthcoming debut in public markets is likely to take place in 2020. The company has created a platform for homeowners and renters who wish to sub-lease their real estate to transient strangers, placing them squarely in competition with the over 18 million hotel guestrooms… Continue Reading Leadership and Democracy will Vindicate Airbnb in 2020
Construction Costs: On the Rise
The commercial real estate industry is currently riding the wave of the 11th year of its cycle, interest rates are continually getting cut, money is cheap to borrow, and cities are sprawling at a booming rate. With the recent appearance of traditional recessionary indicators, many cautiously optimistic professionals in the industry are wondering what may… Continue Reading Construction Costs: On the Rise
The Emergence of Urban Innovation Districts
An evolving geographical pattern is taking place in cities, as companies from the innovation field have been nucleating around city cores. This phenomenon can best be described as the rise of the Urban Innovation Districts. Their recent emergence has had a direct impact on the local economies of cities, and an implication on the growing… Continue Reading The Emergence of Urban Innovation Districts
Second Chance for American Motels
The ubiquitous roadside motel – or at least the properties that host them – could find a new purpose in a starkly different America than the one in which they were conceived. Demographic shifts over the past several decades have made these properties largely irrelevant. The number of motels has declined from a peak of… Continue Reading Second Chance for American Motels
How Algorithms Will Threaten the American Dream
In commercial real estate the single-family housing market is often treated as a different industry entirely. Indeed, transactions in single family housing are often conducted between non-sophisticated owners and, more often than not, the financial aspect of the transaction is just one of many factors influencing a prospective buyer’s decision. Brokers often say a home… Continue Reading How Algorithms Will Threaten the American Dream
The Growth of Branded Residences
Residential buildings affiliated with popular brands have been around for quite some time. In today’s globalized market, however, they are seeing exponential growth, as wealthy individuals are looking for second homes. Today there are over 400 branded residences across the globe, accounting for over 55,000 units. The US is the largest market for branded residences,… Continue Reading The Growth of Branded Residences
Alternatives Needed for Seniors Looking to Cash-Out
As we enter 2019, housing affordability continues to plague much of the United States with no sign of relenting. The end of 2018 witnessed a sputtering economy with home values leveling off, only to continue their upward trajectory in the month of January, and into the foreseeable future. Meanwhile, a dire lack of inventory will… Continue Reading Alternatives Needed for Seniors Looking to Cash-Out