Disrupting Housing Markets: iBuyers as Market Makers

Introduction Instant Buyers, or iBuyers, are companies that make instant offers to buy single family homes based on model driven valuations, such as Redfin, Zillow, and Opendoor.  These types of purchases are all cash offers, and the primary benefit is increased convenience and flexibility to the home seller. The primary drawback is that iBuyers typically… Continue Reading Disrupting Housing Markets: iBuyers as Market Makers

Retail Vacancy & Homelessness: Can two issues accelerated by the pandemic be addressed simultaneously?

The decline of retail over the past decade has been well publicized, with no shortage of creative ideas for the reuse of vacant spaces.  The sharp increase in e-commerce sales over the past decade, coupled with the glut of supply in retail space leftover from the boom in shopping center development, has left the country… Continue Reading Retail Vacancy & Homelessness: Can two issues accelerated by the pandemic be addressed simultaneously?

Private Solutions to Public Problems: Discussing American Infrastructure with Jose Gonzalez

Among the most relevant and pressing challenges facing the United States today is our crumbling American infrastructure. The situation is so dire that the American Society of Civil Engineers gives the US an overall grade of D+. Despite broad bipartisan support, the massive project scope, capital requirements, and time scale required of major infrastructure projects… Continue Reading Private Solutions to Public Problems: Discussing American Infrastructure with Jose Gonzalez

The Power of Purpose – A Conversation with Jonathan Rose

Now more than ever, amid the coronavirus crisis, Americans are aware of the tradeoffs between economic growth and social, environmental, and health concerns.  This is not a new paradigm; the latest crisis has simply revealed these tradeoffs in a more conspicuous light.  Much of our economy relies on extracting limited resources, tangible materials like concrete and steel for buildings as well as people’s finite energy and creativity consumed by unfulfilling work.  Real estate developer, author, and… Continue Reading The Power of Purpose – A Conversation with Jonathan Rose

A Shock Unlike Any Other – Vijay Dandapani (SHA ’87) on the State of NYC’s Hotel Market

The hotel industry in New York City has seen its fair share of macroeconomic shocks over the past few decades.  From the 1975 fiscal crisis, to the stock market crash of 1987, the terrorist attacks of September 11th, and of course the great recession in 2008 – the hotel industry in the financial capital of… Continue Reading A Shock Unlike Any Other – Vijay Dandapani (SHA ’87) on the State of NYC’s Hotel Market

Baker Program Miami Trek Visit: Rialto Capital

As the final stop on their trek, first-year Baker Program in Real Estate students visited Rialto Capital’s new office on Biscayne Boulevard in downtown Miami.  This visit was coordinated through the Baker Program’s fortunate connection with Director Michael Mashioff (ILR ‘04).  Rialto was founded in 2007 as a subsidiary of Lennar Corporation, the largest home-builder… Continue Reading Baker Program Miami Trek Visit: Rialto Capital

Baker Program Miami Trek Visit: Turnberry Associates

Turnberry Associates The Baker Program in Real Estate had the privilege of visiting Turnberry Associates during its Miami trek.  Turnberry is one of Florida’s largest and most influential real estate developers operating in the commercial, residential, and hospitality space.  Turnberry has developed $10 billion in commercial and residential property including approximately 20 million square feet… Continue Reading Baker Program Miami Trek Visit: Turnberry Associates

Baker Program Miami Trek Visit: 13th Floor Investments

Rooftop Pool Deck at 1010 Brickell Ave Condo   As a result of superstitious beliefs, most buildings intentionally skip the 13th floor.  In fact, this superstition seems to stem from the word “triskaidekaphobia,” which the English dictionary describes as the fear of the number 13.  But just like a charm, Arnaud Karsenti has credited luck,… Continue Reading Baker Program Miami Trek Visit: 13th Floor Investments

Baker Program Singapore Trek Day 3: CapitaLand, GIC, URA, and CBRE

Halfway through the international trek for 2019-20, the Baker students continued exploring the real estate markets of Singapore and Asia-Pacific.  Beginning the day with CapitaLand, one of Asia’s largest real estate investment management businesses, the group met with Benjamin Ng and other representatives from its Corporate and Strategic Planning team.  CapitaLand’s real estate portfolio is… Continue Reading Baker Program Singapore Trek Day 3: CapitaLand, GIC, URA, and CBRE