The Indian Warehousing Revolution (4 mins)

India’s economy is poised to leapfrog from its current seventh-place position to the third-largest economy in the world by 2027 with US$6 trillion gross domestic product according to a recent Morgan Stanley research paper. India’s e-commerce market has reached US$33 billion registering a 19.1 percent growth rate in 2016-2017, as per the recently-published Economic Survey 2018 by… Continue Reading The Indian Warehousing Revolution (4 mins)

The dilemma of foreign capital chasing residential real estate in Vancouver and other gateway markets (8 mins)

The challenge of finding a home to buy in Vancouver can be hard to address. To address the housing crisis, the city recently implemented an annual tax on empty or under-utilized residential properties called the Empty Homes Tax. Properties deemed empty will be subject to a tax of 1% of the property’s assessed taxable value.[1]… Continue Reading The dilemma of foreign capital chasing residential real estate in Vancouver and other gateway markets (8 mins)

Chinese Looks to Assert Presence in the Middle East with Oman Industrial City (6 mins)

Inside the Gulf – Part 3 – This series of articles will explore several major projects taking place in the Persian Gulf countries. As the United States takes more of an “America First” approach towards foreign policy, China is looking to step in to the potential void left by the US as the dominant world… Continue Reading Chinese Looks to Assert Presence in the Middle East with Oman Industrial City (6 mins)

Dharavi: When a Slum becomes a Goldmine (6 mins)

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)

Anti-Corruption Campaign Could Affect Saudi Arabia Mega-Projects (5 mins)

Inside the Gulf – Part 1 – This series of articles will explore several major projects taking place in the Persian Gulf countries. Last October the newly appointed Crown Prince of Saudi Arabia, Muhammad bin Salman, announced the development of Neom, a new mega-city along the Red Sea that would cover an area of over… Continue Reading Anti-Corruption Campaign Could Affect Saudi Arabia Mega-Projects (5 mins)

DSS Wrap-up: Paul MacPherson Returns to Ready Students for Dubai Trek

Last Thursday, Paul MacPherson returned to Cornell for his second time as part of the Distinguished Speaker Series. Paul is the Executive Vice President of Global Business and Real Estate Development of Kerzner International in Dubai. He has lived in Dubai for 12 years and his visit was in anticipation of the Second-year Baker student’s international… Continue Reading DSS Wrap-up: Paul MacPherson Returns to Ready Students for Dubai Trek

Office investment activity in India

When I was working at Deloitte, many of our clients that were US based real estate investment management companies approached us to help structure exits for their investments in India. The regulations laid down several restrictions on foreign investors. The added layer of complexity was the absence of a mechanism for absorption of stabilized product.… Continue Reading Office investment activity in India

Cornell Real Estate Conference Keynote Speaker: Dr. Thomas R. Arnold, Deputy Global Head & Head of Americas-RE, Abu Dhabi Investment Authority

Every year New York City hosts the Cornell Real Estate Council’s annual conference, bringing together esteemed professionals to discuss some of the most important issues within our industry. This year is no different, where the topic will be Mega Trends. To discuss the topic of Mega Trends affecting real estate, the Cornell Real Estate Council… Continue Reading Cornell Real Estate Conference Keynote Speaker: Dr. Thomas R. Arnold, Deputy Global Head & Head of Americas-RE, Abu Dhabi Investment Authority