Features

Black Swans – The Original Rara Avis

The subject of “event risk” has been gaining in prominence in investment planning by institutional portfolio managers.1 Weather catastrophes, earthquakes, terrorism and other events that do not fit neatly into models of portfolio risk and return have, because of stark experience, become unavoidable topics for those accountable for managing money as investment fiduciaries.2 The subject… Read more

Features

The Opportunity for Increased Institutional Investment in Public Real Estate

Institutional investors historically have been relatively slow to embrace public real estate1 as a significant part of their allocation to real estate.  Real estate allocations of most pension funds and other institutions are overwhelmingly, and in many cases entirely, invested in private real estate vehicles such as open-end funds, closed-end funds, joint ventures, and separate… Read more

The Revolution, Part II: Revisiting Opportunity in the Small Town

In 2014, Real Estate Issues included a review of The Metropolitan Revolution: How Cities and Metros are Fixing our Broken Politics and Fragile Economy by Bruce Katz and Jennifer Bradley. 1 The lessons outlined remain prescient, especially for the development community seeking new locations and opportunities for its projects. Among the remarkable responses to the divisiveness inherent in… Read more

Features

Fundamentals: Cybersecurity Oversight and Strategy for Commercial Real Estate

Continued in Volume 42, Number 10 and Volume 43, Number 1. Fundamentals of Cybersecurity Oversight and Risk Management Anyone who deals with large amounts of data, especially from multiple sources, is vulnerable to the various attacks we read about every day.  Cybersecurity has become a major issue for commercial real estate in many more ways… Read more

Perspectives

Industry Legends: Ray Torto, Ph.D., CRE

Interviewer: Steve Felix Co-Founder and Partner Felix / Weiner Consulting Group New York, New York Interviewee: Ray Torto, Ph.D., CRE Lecturer Harvard Graduate School of Design Cambridge, Massachusetts Felix:  Ray, how did you get started in the commercial real estate industry? Torto: It was a little bit of a lucky break. I was working in the… Read more

Editor's Note

Editor’s Note – Global Cities Issue

Change — like death and taxes — is certain and inevitable, so much so that it is even a fundamental premise of economic and valuation theory. Although no one has a crystal ball, it is, nonetheless, important to be able to predict the future as it is the foresight and anticipation of what is to come that underlies and guides all decision making. Historically, cities have been the hub of human activity and the wellspring of ideas and... Read More