Smart Contracts: Changing the Way We Do Deals (6 min)

The contractual elements of real estate transactions can be complex and cumbersome. In order to protect their respective positions and overcome the barrier of lack of trust, parties to a transaction are forced to utilize intermediaries such as lawyers and escrow accounts. Smart contracts are blockchain-based tools that have the potential to transform the process… Continue Reading Smart Contracts: Changing the Way We Do Deals (6 min)

Detroit’s Packard Plant – Reinventing an Industrial Icon

The story of Detroit is a familiar one in American history. The manufacturing engine of America’s automotive industry, Motor City was once a symbol of the nation’s industrial might. It has now become a symbolic example of a city left behind by the shifting currents of globalization and the country’s gradual transformation from a manufacturing… Continue Reading Detroit’s Packard Plant – Reinventing an Industrial Icon

3rd Annual Titans of Real Estate Conference Preview: Howard and Michael Milstein. (3 min)

The Cornell Baker Program in Real Estate is excited to have Howard Milstein, A&S ’73, and son, Michael Milstein, A&S ’11, both of Milstein Properties, as panelists of the Cornell 3rd Annual Titans of Real Estate conference to discuss family business leadership.  Milstein Properties, a real estate investment firm based in Manhattan, has been family… Continue Reading 3rd Annual Titans of Real Estate Conference Preview: Howard and Michael Milstein. (3 min)

How Vulnerable is Commercial Real Estate to a Cyber Attack? (4 mins)

Issues around cyber security are nothing new for companies in the digital age but considering the recent headlines around the Cambridge Analytica scandal and the Equifax Credit Reporting hack, a new emphasis on how we in commercial real estate think about data protection might be warranted. Data breaches commonly involve the taking of consumer data,… Continue Reading How Vulnerable is Commercial Real Estate to a Cyber Attack? (4 mins)

How FASB’s New Guidance on Lease Accounting Will Affect Co-Working Companies (4 mins)

Beginning December 15th, 2018, the Financial Accounting Standards Board’s (FASB) Accounting Standards Update (ASU) issued in February 2016 will go into effect, requiring organizations that lease assets to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. The ASU will take effect for public companies for… Continue Reading How FASB’s New Guidance on Lease Accounting Will Affect Co-Working Companies (4 mins)

DSS Wrap-up: Alumni panel (5 mins)

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)

The State Of Economic Development (7 mins)

The Strategy Of Real Estate Economic Development The fourth in a series of articles on how changes in port infrastructure and development can impact industrial real estate. The previous article addressed inland ports’ impact on industrial real estate.  To read the previous article in this series, Inland Possibilities, please click here. U.S. agriculture is a good… Continue Reading The State Of Economic Development (7 mins)

The Potential of Machine Learning Real Estate Valuation Models (5 mins)

Property valuation is a necessary task for parties across the real estate industry. Development, investment, lending, and brokerage all rely on determining the value of property by either using external valuations and appraisals or by constructing internal valuation models, typically on ARGUS or Excel. Underwriting is core to the real estate industry as it is… Continue Reading The Potential of Machine Learning Real Estate Valuation Models (5 mins)

Implications of Trump’s Steel Tariff (5 mins)

In a move with wide-reaching implications for the real estate industry, President Donald Trump imposed new tariffs on imported steel and aluminum on March 8, 2018.  The tariffs of 25% on imported steel and 10% on imported aluminum have already created strain on international trade relationships, with 24 World Trade Organization countries scheduled to meet… Continue Reading Implications of Trump’s Steel Tariff (5 mins)