The dilemma of foreign capital chasing residential real estate in Vancouver and other gateway markets (8 mins)

Tiya Jain on

The challenge of finding a home to buy in Vancouver can be hard to address. To address the housing crisis, the city recently implemented an annual tax on empty or under-utilized residential properties called the Empty Homes Tax. Properties deemed empty will be subject to a tax of 1% of the property’s assessed taxable value.[1]… Continue Reading The dilemma of foreign capital chasing residential real estate in Vancouver and other gateway markets (8 mins)

Chinese Looks to Assert Presence in the Middle East with Oman Industrial City (6 mins)

Ali Daye on

Inside the Gulf – Part 3 – This series of articles will explore several major projects taking place in the Persian Gulf countries. As the United States takes more of an “America First” approach towards foreign policy, China is looking to step in to the potential void left by the US as the dominant world… Continue Reading Chinese Looks to Assert Presence in the Middle East with Oman Industrial City (6 mins)

Smart Contracts: Changing the Way We Do Deals (6 min)

Ershad Chagani on

The contractual elements of real estate transactions can be complex and cumbersome. In order to protect their respective positions and overcome the barrier of lack of trust, parties to a transaction are forced to utilize intermediaries such as lawyers and escrow accounts. Smart contracts are blockchain-based tools that have the potential to transform the process… Continue Reading Smart Contracts: Changing the Way We Do Deals (6 min)

Detroit’s Packard Plant – Reinventing an Industrial Icon

Jimin Won on

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

3rd Annual Titans of Real Estate Conference Preview: Howard and Michael Milstein. (3 min)

Christopher Trahan on

The Cornell Baker Program in Real Estate is excited to have Howard Milstein, A&S ’73, and son, Michael Milstein, A&S ’11, both of Milstein Properties, as panelists of the Cornell 3rd Annual Titans of Real Estate conference to discuss family business leadership.  Milstein Properties, a real estate investment firm based in Manhattan, has been family… Continue Reading 3rd Annual Titans of Real Estate Conference Preview: Howard and Michael Milstein. (3 min)

How Vulnerable is Commercial Real Estate to a Cyber Attack? (4 mins)

Dustin Dunham on

Issues around cyber security are nothing new for companies in the digital age but considering the recent headlines around the Cambridge Analytica scandal and the Equifax Credit Reporting hack, a new emphasis on how we in commercial real estate think about data protection might be warranted. Data breaches commonly involve the taking of consumer data,… Continue Reading How Vulnerable is Commercial Real Estate to a Cyber Attack? (4 mins)

How FASB’s New Guidance on Lease Accounting Will Affect Co-Working Companies (4 mins)

Jennifer Spritzer on

Beginning December 15th, 2018, the Financial Accounting Standards Board’s (FASB) Accounting Standards Update (ASU) issued in February 2016 will go into effect, requiring organizations that lease assets to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. The ASU will take effect for public companies for… Continue Reading How FASB’s New Guidance on Lease Accounting Will Affect Co-Working Companies (4 mins)

DSS Wrap-up: Alumni panel (5 mins)

Tiya Jain on

The alumni panel for the Distinguished Speaker Series for 2018 had the following Cornell alumni talk to students about their success in the industry:   Jonathan Cohen ’10 Jonathan has been in the real estate and construction industry for over 12 years. As a builder, Jonathan has overseen over 400 million dollars of construction including, residential,… Continue Reading DSS Wrap-up: Alumni panel (5 mins)