Look Out for the Smart Hotel: The Hospitality Industry is On the Verge of Embracing the Internet of Things

From smart buildings to smart cities, the Internet of Things (IoT) is rapidly shaping the way human beings interact with the built environment and various real estate asset classes. Implementing technology into the built environment now allows us to tailor the inhabitant experience and collect and analyze user data to make better decisions for efficiencies… Continue Reading Look Out for the Smart Hotel: The Hospitality Industry is On the Verge of Embracing the Internet of Things

SMART CITIES: TORONTO’S GOOGLE-INFUSED DISTRICT AND LESSONS FROM SONGDO, KOREA

Sidewalk Labs, a sister company of Google that is working with the city of Toronto in revitalizing 750 acres along the city’s Eastern Waterfront, made headlines this year. Controversy arose when questions surrounding data collection, privacy, and who owns the information collected in public began surfacing on the project, Sidewalk Toronto (Scola, 2018). This caused… Continue Reading SMART CITIES: TORONTO’S GOOGLE-INFUSED DISTRICT AND LESSONS FROM SONGDO, KOREA

Mass Timber is Ushering in a New Era of Wood Building

In recent years a small renaissance has taken place in North America regarding wood buildings, propelled by the emergence of “mass timber” construction.  The increased popularity of mass timber is allowing wood buildings to stretch new heights beyond traditional wood-frame construction, ushering in an era of high-rise wood buildings.  For example, the 18-story Brock Commons… Continue Reading Mass Timber is Ushering in a New Era of Wood Building

Pop-Ups Offer Landlords a Perfect Fit

Developers and landlords are faced with a perennial issue: how can they more fully utilize their properties, particularly during lease-up? The period from building completion to stabilization, and any other period of considerable vacancy in a multi-tenant property, can be a challenging time for landlords. At the same time, consumer behavior is causing creative destruction… Continue Reading Pop-Ups Offer Landlords a Perfect Fit

DSS Wrap-Up: Bruce Menin, Principal, Crescent Heights

On November 8, 2018, the Cornell Baker Program in Real Estate welcomed Bruce Menin, Principal of Crescent Heights, to campus as part of its Distinguished Speaker Series.  Crescent Heights is a vertically-integrated real estate firm that specializes in the development and operation of architecturally distinctive residential high-rises in gateway markets across the country.  After a… Continue Reading DSS Wrap-Up: Bruce Menin, Principal, Crescent Heights

The Role of the Real Estate Industry in Promoting a Sustainable Development Agenda

The United Nations recently published a startling new report that cited the worsening effects of climate change. The report noted that if greenhouse gas emissions continue at the current rate, the temperature of the atmosphere could rise by as much as 2.7 ℉by 2040 (Change, 2018). Buildings, which account for 30-40% of CO2emissions, will a have… Continue Reading The Role of the Real Estate Industry in Promoting a Sustainable Development Agenda

EB-5 Financing Once Again Faces an Uncertain Future

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

“Wicked” Problems and Real Estate Development

Real estate development occurring in the public domain often must grapple with the complicated perspectives of a variety of stakeholders. Practitioners must therefore be adept at addressing divergent values and priorities prudently and delivering results while simultaneously managing expectations. This article will examine one such recent scenario in the capital city of India. Indeed, over… Continue Reading “Wicked” Problems and Real Estate Development

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)