The mass population exodus to the suburbs in the 1950’s and 1960’s resulted in the creation of hundreds of thousands of new suburban homes across the country, and thus, the birth of the suburban shopping center. While suburban growth rates naturally varied by region, the Southeastern United States benefited from multiple factors which encouraged the… Continue Reading Middle-Tier Suburban Retail: A Southern Anomaly?
Introduction Fig 1. Rendering of “The #Unignorable Tower” (Li, 2019) As it rises to become a formidable economy, Toronto faces a crucial time in its history. The problems of housing shortage and affordability that usually accompany economic success have persisted in the past, but are now even more prevalent as the city continues its rapid… Continue Reading Time for a Resurgence of Rental Apartments in Toronto
Airbnb, the online marketplace for short-term rentals, has announced that its forthcoming debut in public markets is likely to take place in 2020. The company has created a platform for homeowners and renters who wish to sub-lease their real estate to transient strangers, placing them squarely in competition with the over 18 million hotel guestrooms… Continue Reading Leadership and Democracy will Vindicate Airbnb in 2020
The benefits of involving the private sector in traditionally public roles of delivery and operations of mega-projects include the sharing of risks, more effective vetting of the financial viability of projects, integrating resources, applying best practices and innovations, and establishing a life cycle-long perspective of costs and accountability (Rocca, 2017). Amidst the context of strained… Continue Reading Value for Money Analysis as a Decision-Making tool for Public-Private Partnerships
On Thursday, December 5th, 2019, the Cornell Baker Program in Real Estate hosted Michael Sellman (A&S ’04), Co-CEO of Calatrava Grace, a firm focused on international real estate investment and development. The firm’s other Co-CEO, Micael Calatrava leads the global operations of Santiago Calatrava, an internationally acclaimed architect. Through his colorful lecture, Mr. Sellman introduced… Continue Reading MICHAEL SELLMAN (A&S ‘04), CO-CEO OF CALATRAVA GRACE: STARCHITECTURE & DEVELOPMENT IN CENTRAL ASIA
The commercial real estate industry is currently riding the wave of the 11th year of its cycle, interest rates are continually getting cut, money is cheap to borrow, and cities are sprawling at a booming rate. With the recent appearance of traditional recessionary indicators, many cautiously optimistic professionals in the industry are wondering what may… Continue Reading Construction Costs: On the Rise
India, a country with one of the largest steadily growing economies in the world, is home to the second-largest student population pursuing post-secondary education. The current gross enrollment ratio (GER) in post-secondary education is 26.3% (Ministry of Human Resource Development, 2019). In addition, the Indian government has set a target to enroll 30% of the… Continue Reading Student Housing in India – The Next Big Thing?
On Thursday, November 21, 2019, the Baker Program in Real Estate had the pleasure of hosting Paul Macpherson for the Distinguished Speaker Series. This marked Mr. Macpherson’s third time participating in the Baker Program Distinguished Speaker Series. Having recently retired from his role as Executive Vice President of Global Business & Real Estate Development with… Continue Reading Paul Macpherson, Seasoned Real Estate Executive, Reflects on 35+ Year Career Across the Globe
How one person views risk, may be completely different from how somebody else sees it. This was the underlying theme of the day when Sajan Hansji visited the Baker Program in Real Estate at Cornell University this past Thursday. Sajan is an esteemed Hotelie who graduated from Cornell’s School of Hotel Administration in 2004, and… Continue Reading Sajan Hansji: Defining risks through the lens of a Real Estate Entrepreneur
An evolving geographical pattern is taking place in cities, as companies from the innovation field have been nucleating around city cores. This phenomenon can best be described as the rise of the Urban Innovation Districts. Their recent emergence has had a direct impact on the local economies of cities, and an implication on the growing… Continue Reading The Emergence of Urban Innovation Districts