on Consolidation in the real estate investment trust (REIT) industry has become more prevalent in recent years, a trend that is likely to continue. There are a variety of factors contributing to the accelerated consolidation of firms in the industry – from favorable current economic conditions that are generating increased economies of scale to optimization opportunities… Continue Reading REIT Sector Likely to See More Consolidation
on Photo Credit: Neil Moralee via Compfight Governmental sources of funding are often contentious or controversial in real estate projects, but perhaps none is more politically charged than EB-5 financing. Named after the United States Customs and Immigration program which provides, “employment based” pathways for foreign citizens to gain green cards and, eventually, full citizenship, the… Continue Reading EB-5 Financing Once Again Faces an Uncertain Future
on This week, the Baker Program in Real Estate welcomed back another alumnus of Cornell, Matthew Shore (Cornell ‘00), for its Distinguished Speaker Series. Matthew is the Chief Investment Officer at DRA Advisors, an investment advisory firm specializing in real estate investment and management services for institutional and private investors with over $11 billion in assets… Continue Reading DSS Wrap-up: Matthew D. Shore (’00), Chief Investment Officer – DRA Advisors
on On September 27, 2018, the Cornell Baker Program in Real Estate welcomed Barry DiRaimondo, Chief Executive Officer of SteelWave LLC, to campus as part of the program’s Distinguished Speaker Series. SteelWave is a full-service real estate manager, operator and investor headquartered outside of San Francisco, California. SteelWave’s portfolio consists of approximately 12 million square feet… Continue Reading DSS Wrap-Up: Barry DiRaimondo (MBA ’85), CEO of SteelWave LLC
on Inside the Gulf – Part 4 – This series of articles will explore several major projects taking place in the Persian Gulf countries. While much of the news coming out of Qatar over the last few years has been its recent battle with its neighbors in Saudi Arabia and the United Arab Emirates who established… Continue Reading Qatar Looks to Take Lead in US Real Estate Investments by Gulf Wealth Funds (6 mins)
on 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)
on 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)
on 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)
on Mumbai is India’s financial and commercial capital, home to over 18.5 million people packed into just over 233 square miles (603 square kilometers).[1] India has seen incredible growth in its GDP since the economic reforms of 1991, with economic growth often above 9% annually over the past 27 years.[2] Because of this massive growth, Mumbai… Continue Reading Dharavi: When a Slum becomes a Goldmine (6 mins)
on In response to the events from last month and the proposed measures in Congress, some retail giants have already put their own store policy reforms into place. Earlier this month, Dick’s Sporting Goods announced that it would no longer sell military-style semi-automatic rifles or high-capacity magazines and it will require customers to be at least… Continue Reading The Impact of Assault-Style Weapons Bans on Retail Real Estate (5 mins)