on This article is a follow-up to an article posted last October that speculated about the viability of reusing distressed motel properties for various types of high-demand housing. In that article, various qualitative factors were laid out which could make certain properties easier to redevelop than others. It concluded that there would also be a mix… Continue Reading Identifying Reuse Opportunities Among Cape Cod’s Vacant Motels
on On the last and busiest day of the trek, Friday, January 10th, Baker students visited five different real estate firms and rounded out the trip with a reception for Cornell alumni from around the island as well as the executives of the companies visited throughout the week. Cornell alumna Sigrid Zialcita, CEO of the Asia… Continue Reading Baker Program Singapore Trek Day 5: Asia Pacific Real Estate Association, Mapletree Investments, Keppel REIT, Frasers Property, and Warehouse Hotel
on On Tuesday, January 7th, Baker students began their day at ARA Asset Management’s Singapore headquarters. In just under two decades ARA has become one of the largest money managers in Singapore. Founded in 2002 by CEO John Lim, the firm manages S$87 billion ($62.5 billion in USD) across 26 countries and four continents. Students were… Continue Reading Baker Program Singapore Trek Day 2: ARA Asset Management and Housing & Development Board
on This past Thursday, April 23rd, witnessed the fourth annual iteration of the Baker Program’s 5-in-5 panel, in which past graduates of the Baker Program return to recount their career paths post-Cornell. This year, the “return” of members of the Class of 2015 was virtual, but still drew a large gathering of listening heads on the… Continue Reading Baker ’15 Panelists Return Virtually to Report on Life After Graduation, COVID
on 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
on Being invited to speak at Cornell’s School of Hotel Administration is something of a rite-of-passage for those working in the hospitality world. This is especially true for Evens Charles, who presented this past Thursday at the Baker Program’s Distinguished Speaker Series. Evens was invited to share some of the successes and challenges along his impressive… Continue Reading Evens Charles, D.C. Hotelier, Recounts Inspiring Trajectory to Baker Program Students
on The ubiquitous roadside motel – or at least the properties that host them – could find a new purpose in a starkly different America than the one in which they were conceived. Demographic shifts over the past several decades have made these properties largely irrelevant. The number of motels has declined from a peak of… Continue Reading Second Chance for American Motels
on This summer I had the opportunity to join Fathom Companies as a Development Associate. Fathom Companies is a real estate development, management, and investment company based in Portland, Maine. Though Jim Brady co-founded the company only recently in 2017, the combined hospitality management and development experience of its leadership extends far deeper. For example, Jim’s… Continue Reading 2019 SUMMER INTERNSHIP SERIES: JOHN THOMPSON, FATHOM COMPANIES
on In commercial real estate the single-family housing market is often treated as a different industry entirely. Indeed, transactions in single family housing are often conducted between non-sophisticated owners and, more often than not, the financial aspect of the transaction is just one of many factors influencing a prospective buyer’s decision. Brokers often say a home… Continue Reading How Algorithms Will Threaten the American Dream
on Guidelines for real property ownership in new frontiers often develop as afterthoughts – reactive measures to adverse events rather than prescriptive ones – and this seems to be true even for the so-called “final frontier” of outer space. Since the space race of the 1960’s and 70’s, little work has been done to advance the… Continue Reading Real Property Markets Just Beyond the Horizon