Perspectives

New York Tomorrow

“You can never step into the same river twice, since the river keeps changing and you keep changing.” The ancient Greek philosopher Heraclitus could have been referring to New York. He would have understood an evolving New York in an alarmingly transforming world. Pre-pandemic New York was the financial, cultural and media capital of the… Read more

Perspectives

Office is the New Retail: A Dynamic Property Sector Faces Painful Adjustments and a Bifurcated Recovery

Despite wholly different market dynamics, the office property sector is confronting some challenging adjustments coming out of the pandemic that eerily mirror those buffeting the retail sector. American office workers are preparing to venture out from their home offices and return to their company offices. But the workplace will not be the same. Most of… Read more

The Stages in the Life of a Restaurant Property

Introduction A well-constructed restaurant building can stand for 40 years, or perhaps much longer. However, as this article seeks to explore, the economic life of a restaurant building, or the period for which this use remains appropriate and viable, can be, and often is, much shorter. Restaurants are special-purpose properties where real estate is sometimes… Read more

Features

Build This House: Real Estate Opportunities in The U.S. Under Biden

Introduction Whilst real estate stood at the epicenter of the Global Financial Crisis (GFC), the asset class has held up with demonstrable resilience throughout the globally synchronized recessions spurred by the COVID-19 pandemic. With red hot residential markets in advanced and emerging market economies alike—from Canada to China and from the U.K. to Singapore—policymakers have… Read more

Features

COVID-19 and the Single-Family Home Market: One City’s Experience

The Residential Real Estate Market and the Pandemic The first American COVID-19 case was reported on January 21, 2020, in Washington state. Although the media reported the growing threat of the virus throughout the last week in January and throughout February, the declaration of a public health emergency on March 13th by President Trump signaled… Read more

Perspectives

General Liability Insurance & Crime Scores: Caution Advised for the Multifamily Property Industry

Many insurance carriers purchase third-party crime scores to further evaluate an insurance portfolio’s exposure to criminal risk.1 However, crime scores represent another hurdle for multifamily owners and operators to overcome in the general liability underwriting process. Through interviews with insurance brokers and multifamily operators, they indicated that the use of crime scores in general liability risk modeling has detrimentally impacted... Read More