Author: Jimin Won

Tokenized Real Estate: Creating New Investing and Financing Channels Through Blockchain

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In 2018, New York City-based asset management firm Elevated Returns completed a tokenized real estate offering for $18 million on the Ethereum blockchain. The asset was the St. Regis Resort in Aspen, Colorado. The high-profile property and the employment of an unusual fundraising method caught the attention of investors, fintech enthusiasts and blockchain communities. Not… Continue Reading Tokenized Real Estate: Creating New Investing and Financing Channels Through Blockchain

SMART CITIES: TORONTO’S GOOGLE-INFUSED DISTRICT AND LESSONS FROM SONGDO, KOREA

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Sidewalk Labs, a sister company of Google that is working with the city of Toronto in revitalizing 750 acres along the city’s Eastern Waterfront, made headlines this year. Controversy arose when questions surrounding data collection, privacy, and who owns the information collected in public began surfacing on the project, Sidewalk Toronto (Scola, 2018). This caused… Continue Reading SMART CITIES: TORONTO’S GOOGLE-INFUSED DISTRICT AND LESSONS FROM SONGDO, KOREA

2018 Summer Internships: Jimin Won, ACRES Capital, LLC.

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When I came to the Baker Program, I aimed to gain a better understanding of real estate finance to propel my capacity as a developer and entrepreneur. I chose to spend my summer at ACRES Capital due to its multi-asset approach, national coverage, and the leadership’s expertise in real estate valuation and risk assessment as… Continue Reading 2018 Summer Internships: Jimin Won, ACRES Capital, LLC.

Treasure Island – San Francisco’s Green Response to the City’s Housing Crisis (6 mins)

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For most of the 20th century, Treasure Island sat quietly on the San Francisco Bay despite its prominent location. Nestled between downtown San Francisco and Oakland, the man-made, 405-acre island is now home to one of the country’s largest redevelopment projects. Essentially the entire island, along with parts of neighboring Yerba Buena Island will be completely… Continue Reading Treasure Island – San Francisco’s Green Response to the City’s Housing Crisis (6 mins)

Detroit’s Packard Plant – Reinventing an Industrial Icon

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The story of Detroit is a familiar one in American history. The manufacturing engine of America’s automotive industry, Motor City was once a symbol of the nation’s industrial might. It has now become a symbolic example of a city left behind by the shifting currents of globalization and the country’s gradual transformation from a manufacturing… Continue Reading Detroit’s Packard Plant – Reinventing an Industrial Icon

Long Beach: Rebuilding a City through Public-Private Partnerships (5 mins)

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(Image Courtesy: Plenary Edgmoor) The new civic center of Long Beach, California currently under construction at a cost of over $500 million, is the largest public-private development of its kind on the West Coast. It is also the result of a city’s long-term commitment to revitalization spanning over a decade and a reflection of its… Continue Reading Long Beach: Rebuilding a City through Public-Private Partnerships (5 mins)

Dollar Stores: Finding a Multi-billion Dollar Niche

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Photo Credit: Commons Retail properties in the US are sliding again. After two years of more favorable investor sentiment, retail has become the lowest ranked property type in 2017 amongst investors, developers, and retail operators. There are however, some areas in retail that standout against these falling figures. One retail type seems to be doing… Continue Reading Dollar Stores: Finding a Multi-billion Dollar Niche

Shanghai’s Retail Space: Too Much of a Good Thing

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Shanghai’s Pudong Skyline. The city will be the 2018 international real estate case trek destination for students of the Baker Program. Photo Credit: Commons Shanghai is often observed as a benchmark for China’s consumer and retail trends.  In 2017, Shanghai’s population exceeded 25 million people, a staggering record even for the largest city in the… Continue Reading Shanghai’s Retail Space: Too Much of a Good Thing

DSS Wrap Up: Don Reid, EVP of Strategy – Sustainable Living Solutions

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On October 5, Cornell’s Baker Program in Real Estate had the pleasure of hosting Don Reid, Executive Vice President of Strategy at Sustainable Living Innovations (SLI). Mr. Reid has an extensive history in finance with years of experience in energy and power (including renewables), infrastructure, and real estate. He was former co-head of Morgan Stanley’s… Continue Reading DSS Wrap Up: Don Reid, EVP of Strategy – Sustainable Living Solutions