Tag: Development

DSS Wrap-Up: Bruce Menin, Principal, Crescent Heights

Joseph McFalls on

On November 8, 2018, the Cornell Baker Program in Real Estate welcomed Bruce Menin, Principal of Crescent Heights, to campus as part of its Distinguished Speaker Series.  Crescent Heights is a vertically-integrated real estate firm that specializes in the development and operation of architecturally distinctive residential high-rises in gateway markets across the country.  After a… Continue Reading DSS Wrap-Up: Bruce Menin, Principal, Crescent Heights

The Role of the Real Estate Industry in Promoting a Sustainable Development Agenda

Ali Daye on

The United Nations recently published a startling new report that cited the worsening effects of climate change. The report noted that if greenhouse gas emissions continue at the current rate, the temperature of the atmosphere could rise by as much as 2.7 ℉by 2040 (Change, 2018). Buildings, which account for 30-40% of CO2emissions, will a have… Continue Reading The Role of the Real Estate Industry in Promoting a Sustainable Development Agenda

EB-5 Financing Once Again Faces an Uncertain Future

Dustin Dunham on

Photo Credit:  Neil Moralee via Compfight Governmental sources of funding are often contentious or controversial in real estate projects, but perhaps none is more politically charged than EB-5 financing. Named after the United States Customs and Immigration program which provides, “employment based”  pathways for foreign citizens to gain green cards and, eventually, full citizenship, the… Continue Reading EB-5 Financing Once Again Faces an Uncertain Future

“Wicked” Problems and Real Estate Development

Ryan Christopher Sequeira on

Real estate development occurring in the public domain often must grapple with the complicated perspectives of a variety of stakeholders. Practitioners must therefore be adept at addressing divergent values and priorities prudently and delivering results while simultaneously managing expectations. This article will examine one such recent scenario in the capital city of India. Indeed, over… Continue Reading “Wicked” Problems and Real Estate Development

The Potential of Machine Learning Real Estate Valuation Models (5 mins)

Ershad Chagani on

Property valuation is a necessary task for parties across the real estate industry. Development, investment, lending, and brokerage all rely on determining the value of property by either using external valuations and appraisals or by constructing internal valuation models, typically on ARGUS or Excel. Underwriting is core to the real estate industry as it is… Continue Reading The Potential of Machine Learning Real Estate Valuation Models (5 mins)

Implications of Trump’s Steel Tariff (5 mins)

Paul Heydweiller on

In a move with wide-reaching implications for the real estate industry, President Donald Trump imposed new tariffs on imported steel and aluminum on March 8, 2018.  The tariffs of 25% on imported steel and 10% on imported aluminum have already created strain on international trade relationships, with 24 World Trade Organization countries scheduled to meet… Continue Reading Implications of Trump’s Steel Tariff (5 mins)

Dharavi: When a Slum becomes a Goldmine (6 mins)

Sean Mashian on

Mumbai is India’s financial and commercial capital, home to over 18.5 million people packed into just over 233 square miles (603 square kilometers).[1]  India has seen incredible growth in its GDP since the economic reforms of 1991, with economic growth often above 9% annually over the past 27 years.[2]  Because of this massive growth, Mumbai… Continue Reading Dharavi: When a Slum becomes a Goldmine (6 mins)

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

Jimin Won on

(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)

Promoting Affordability Through State Regulation of TODs (5 mins)

Paul Heydweiller on

It’s no secret that major cities across the United States – particularly the coastal gateway markets – are facing significant housing shortages for middle- and low-income residents.  New York and California are facing the greatest challenges.  Of the top 10 least affordable housing markets in the country, three are located in New York (Manhattan, Brooklyn,… Continue Reading Promoting Affordability Through State Regulation of TODs (5 mins)