In May 2019, the City of New York passed the Climate Mobilization Act (CMA), the most ambitious climate legislation ever enacted by any city or county in the State of New York. The CMA mandates the reduction of the City's overall carbon emissions by 80 percent within 20 years.
As the pace of change has accelerated, there is wide recognition that the future will belong to innovative and advanced technologies and industries. Competition among cities and, indeed, within cities, has intensified to attract and retain the individuals and companies that are leading this change.
Slum redevelopment has recently emerged as a popular and successful model in Mumbai's chaotic commercial real estate market. With slums occupying a significant portion of the city's land, the government of Maharashtra's Slum Rehabilitation Scheme presents a great opportunity for private developers.
Co-living has taken off in the last year as a brand-new phenomenon within the multifamily real estate sector. Not only is it a new asset type for the general public but it is also the new niche asset type receiving a considerable amount of attention from institutional investors.
The theme of the 37th Annual Cornell Real Estate Conference was "20/20: Hindsight and Foresight" and featured panelists who discussed the unfolding challenges, disruptions, and opportunities in commercial real estate as 2020 approaches.
Since 2007, the editors of the Cornell Real Estate Review have annually recognized exceptional real estate professionals with the prestigious "Industry Leader Award." Recipients of this award are individuals who have made significant contributions to the global real estate industry while serving their community.
The first stop of the Cornell Baker Program's Class of 2021 Miami Trek was a visit to the office of Chad Oppenheim, Principal and Lead Designer of Miami-based Oppenheim Architecture. The class gathered in the mezzanine conference room inside Oppenheim's Miami office located in the famous Design District.
The Cornell Baker Program in Real Estate Class of 2020 kicked off its international trek in Singapore on Monday, January 6, 2020. Singapore's phenomenal urban transformation since its independence in 1965 has been internationally recognized as a case study in the advocacy for and potential of a strong, centrally planned and state-backed guidance of real estate development.