On Thursday, January 31st the Spring 2019 Distinguished Speaker Series kicked off with a phenomenal presentation by Jeffrey Resetco, Senior Director of Development with Greystar, formerly EdR Collegiate Housing. Prior to its merger with Greystar in September 2018, EdR was one of the largest student housing developers in the country. In his current role, Mr.… Continue Reading DSS Wrap-Up: Jeffrey Resetco, Senior Director – Development with Greystar (formerly EdR)
Look Out for the Smart Hotel: The Hospitality Industry is On the Verge of Embracing the Internet of Things
From smart buildings to smart cities, the Internet of Things (IoT) is rapidly shaping the way human beings interact with the built environment and various real estate asset classes. Implementing technology into the built environment now allows us to tailor the inhabitant experience and collect and analyze user data to make better decisions for efficiencies… Continue Reading Look Out for the Smart Hotel: The Hospitality Industry is On the Verge of Embracing the Internet of Things
Last Mile Industrial: Train has Left the Station
Industrial real estate is vanishing in cities across America just as retailers are ramping up their demands for last mile fulfillment. Major players in online retail have gained a larger market share of consumer durable goods, and formerly brick-and-mortar retailers have expanded into this channel. Online sales are projected to grow by over $600 billion… Continue Reading Last Mile Industrial: Train has Left the Station
The Rise of an Urban-Suburban
Come 2019, millennials are projected to overtake baby boomers as the nation’s largest generation (Fry, 2018). It is imperative to understand how this shift will drive transformation of the built environment in the near future. Key among millennials preferences, is that of a live-work-play triad characterized as a flexible lifestyle that is experiential in nature… Continue Reading The Rise of an Urban-Suburban
Making the Case for REIT Ownership of Airports:
America’s once world-class infrastructure is in desperate need of repair. In recent years, bridge collapses and other engineering failures have sparked political debate about how the country’s aging public infrastructure should be addressed. Airports are often overlooked in this debate and viewed as less critical infrastructure, despite the fact that 1.7 million Americans get on… Continue Reading Making the Case for REIT Ownership of Airports:
DSS Wrap-Up: Art Adler, SHA ’78
This week, the Baker Program concluded its Distinguished Speaker Series through an insightful conversation with JLL’s Arthur Adler. Art is a distinguished alumnus from the Hotel School and has four decades of experience in American real estate, specifically in the hospitality industry. He has been with Jones Lang Lasalle for 18 years, and currently… Continue Reading DSS Wrap-Up: Art Adler, SHA ’78
SMART CITIES: TORONTO’S GOOGLE-INFUSED DISTRICT AND LESSONS FROM SONGDO, KOREA
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
Should Countries Restrict Foreign Real Estate Investment?
Foreign real estate investment in major cities throughout the world has increased rapidly in recent years. Investors from the U.S., China, and the Middle East have turned to foreign real estate markets to capitalize on tax advantages, stable growth prospects, and political security (French, 2015). Investing in foreign markets has also provided portfolio diversification benefits… Continue Reading Should Countries Restrict Foreign Real Estate Investment?
DSS Wrap-Up: Jim Dow, Head of Acquisitions, St. Bride’s Managers LLC
This week, the Baker Program in Real Estate welcomed back Cornell alumnus Jim Dow (BA, Economics ‘91) for its Distinguished Speaker Series. Jim is an experienced real estate private equity executive with an extensive background in opportunistic real estate investment management. Jim began his career at Lehman Brothers in the early 90’s and has since… Continue Reading DSS Wrap-Up: Jim Dow, Head of Acquisitions, St. Bride’s Managers LLC
Mass Timber is Ushering in a New Era of Wood Building
In recent years a small renaissance has taken place in North America regarding wood buildings, propelled by the emergence of “mass timber” construction. The increased popularity of mass timber is allowing wood buildings to stretch new heights beyond traditional wood-frame construction, ushering in an era of high-rise wood buildings. For example, the 18-story Brock Commons… Continue Reading Mass Timber is Ushering in a New Era of Wood Building