DSS Wrap-Up: Scott Walsh, VP Residential Development at Lendlease

On Thursday, September 26, 2019, the Cornell Baker Program in Real Estate had the privilege of welcoming Cornell Alumnus Scott Walsh (AAP ’99) back to campus as a speaker in the third Distinguished Speaker Series event of the Fall 2019 semester.  Mr. Walsh is the Vice President of Residential Development for global real estate firm… Continue Reading DSS Wrap-Up: Scott Walsh, VP Residential Development at Lendlease

2019 SUMMER INTERNSHIP SERIES: JOHN THOMPSON, FATHOM COMPANIES

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

2019 SUMMER INTERNSHIPS SERIES: RASHAAD ROBINSON, TOLL BROTHERS

Prior to the start of my studies in the Baker Program in Real Estate, I interned for the summer in Toll Brothers’ corporate headquarters in Horsham, PA.  By spending time with their internal consulting division, I was able to understand and contribute to a multitude of different functions within this Fortune 500, luxury homebuilder.  I… Continue Reading 2019 SUMMER INTERNSHIPS SERIES: RASHAAD ROBINSON, TOLL BROTHERS

2019 SUMMER INTERNSHIPS SERIES: LERA COVINGTON, LENDLEASE

This summer I had the privilege of working as a Summer Acquisitions Associate with Lendlease’s New York City office.  Lendlease is an Australian-based firm that offers services in construction, development and investments.  The company was founded in 1958 by Dick Dusseldorp.  Mr. Dusseldorp was a pioneer in his application of the triple bottom line approach… Continue Reading 2019 SUMMER INTERNSHIPS SERIES: LERA COVINGTON, LENDLEASE

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

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

5th Annual Real Estate Shark Tank at Cornell University

Last week, Cornell University hosted the 5th Annual Real Estate Shark Tank for the graduating class of 2019 of the Baker Program in Real Estate. This capstone project is a culmination of two real-world courses that prepare students to pitch real estate development deals – the first, on the zoning, entitlement and subdivision approval processes,… Continue Reading 5th Annual Real Estate Shark Tank at Cornell University

The Need for Land Value Capture in Infrastructure: the case of the Tappan Zee Bridge

Public infrastructure has long been financed through direct government budgetary appropriation, grants, and government borrowing.  The long-term debts have typically been repaid from revenues generated by the asset through user charges, or from the general taxing power of the government.  With an increasingly high demand for infrastructure investments, and limited resources to achieve them, other… Continue Reading The Need for Land Value Capture in Infrastructure: the case of the Tappan Zee Bridge

The Need for Privatized Student Housing

In today’s hyper-competitive college application process, student housing is a focus for many institutions of higher learning.  The administrations and boards of trustees often believe that, by creating more attractive housing opportunities, they can improve their institution’s ability to attract and retain students and faculty residents.  College housing preferences have changed drastically as students are… Continue Reading The Need for Privatized Student Housing

The Growth of Branded Residences

Residential buildings affiliated with popular brands have been around for quite some time. In today’s globalized market, however, they are seeing exponential growth, as wealthy individuals are looking for second homes.  Today there are over 400 branded residences across the globe, accounting for over 55,000 units. The US is the largest market for branded residences,… Continue Reading The Growth of Branded Residences

California High Speed Rail – Sidetracked, but not the End of the Line

Last month, California Governor Gavin Newsom scaled back the California High Speed Rail (HSR) planned from Los Angeles to San Francisco due to budget and time overruns.  The trimmed-down line will now run from Bakersfield to Merced – which was previously the Initial Operating Section (IOS) of the Bay-to-Basin alignment.  With due respect to the… Continue Reading California High Speed Rail – Sidetracked, but not the End of the Line