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
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). 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. Because of this massive growth, Mumbai… Continue Reading Dharavi: When a Slum becomes a Goldmine (6 mins)
Real estate development is a field ripe with innovation and potential for impact. On Thursday, February 8, 2018, the Baker Program of Real Estate hosted two guests for the Distinguished Speakers Series that exemplify both of these qualities: Nick Lembo, Founder and Chairman of Monadnock Construction, Inc. and Kirk Goodrich, Vice President and Director of… Continue Reading DSS Wrap-up: Nick Lembo and Kirk Goodrich of Monadnock (4 mins)
Blockchain technologies, specifically cryptocurrencies like Bitcoin have been making headlines lately as the world begins to utilize them in various transactions. Once stigmatized as a tool to enable money laundering, drug dealing, murder for hire and other illicit “dark web” transactions on sites like Silkroad, these technologies have shed their stigma, gone mainstream and minted… Continue Reading Bitcoin is Impacting Multi-Family Real Estate Transactions, What’s Next?
As driverless cars begin to hit the market and ride share services such as Uber and Lyft continue to thrive in the majority of US cities, developers are beginning to reconsider the parking lot landscape in the multifamily, office, and retail arenas. This shift can be seen even more in retail, however, due to its… Continue Reading Creative Reuse: How Developers Can Take Advantage of Excess Retail Parking Space
New York City is undeniably facing a housing affordability crisis. In a recent interview, Jonathan F.P. Rose, founder and president of Jonathan Rose Companies and the Cornell Real Estate Council’s 2017 Industry Leader Award recipient, estimated that New York City has a shortage of 800,000 affordable housing units – equating to 26% of New York… Continue Reading NYC’s Affordability Crisis: Is 421-a Extension the Solution?
The single and multi-family real estate sector is a dynamic market that is in a constant state of transformation. Join us for the How and Where We Live Panel at the 35th Annual Cornell Real Estate Conference to learn more about the trends shaping the housing sector in the foreseeable future. This event will feature… Continue Reading Join Us for a Riveting Discussion on Transformations in Residential Housing at the 35th Annual Cornell Real Estate Council
By Peter Romano, When most people hear the words, “summer internship,” their skin crawls. It is a requirement, a box that needs to be checked off for graduation, a brooding checkpoint that hovers over their head waiting to burst the pristine college-life-bubble. With this sentiment, I’m no different than the majority; I thought my background… Continue Reading 2017 Summer Internships: Peter Romano, Presidium Group
After an exciting internship last summer doing development work for Walmart, I approached the summer of 2017 with high hopes. I knew that I wanted to work in multifamily development, as that has always been my post-graduation game plan. I also knew that I wanted to work in an exciting and vibrant market that was… Continue Reading 2017 Summer Internships: Matt Farrell, Greystar Construction and Development
By Archie Preissman On June 5th, I reported for my first day as a Summer Associate at Cytonn Investments. Cytonn Investments is a small boutique investment bank in Nairobi. The Kenyan 10-year government bond currently yields 13% and the growth per an annum in residential real estate in Nairobi is around 25%. So currently Cytonn… Continue Reading 2017 Summer Internships: Archie Preissman, Real Estate In the Silicon Savannah – Part 2