Features

London After Brexit

Editor’s Note: This article was written prior to the events of March 29, 2017, when Prime Minister Theresa May triggered Article 50. As a former imperial capital, London has had global significance for about 300 years, but over the last 30, it has seen particular success. Although its global roles as a financial center and… Read more

Features

Housing in Argentina

In 2015, Argentina had a gross domestic product (GDP) of U.S. $586 billion.[1] It is the third largest economy in Latin America and among the largest in Emerging Markets.[2] In accordance with the latest census (2010), it has a population of 40 million. Argentina has abundant natural resources in energy and agriculture. In its territory… Read more

Growth vs. Sustainability: Can Tokyo Have It All?

A strong economy or a stable lifestyle: Which scenario is preferable? I. INTRODUCTION I grew up in the 1950s and 60s when the Japanese economy was experiencing a strong growth. Everybody in Japan believed that tomorrow would be better than today as long as we worked hard. Dr. Ezra Feivel Vogel published a book titled… Read more

Features

How Risks are Shifted Within the German Real Estate Market

Wall of Equity and Debt The current interest rate environment in the European Union (EU) creates the following situation, which can be described best as a “wall of equity meets a wall of debt”: Real estate projects, which could not have been realized/financed several years ago, are financed today using favorably priced equity, hybrid and/or… Read more

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Features

Water in the West

Driving through my neighborhood in Southern California, I see a different landscape than when I moved in a little more than a year ago. In my gated community, there once was an almost cult-like grooming of yards with massive green carpets of grass. The homeowners’ association gave out tickets to residents outside the cult who… Read more

Features

Public Trust: Toward Building a Park and Open Space Legacy

Interest in, and use of, the Public Trust Doctrine has reached unprecedented levels recently in response to the growing threat that urban growth poses for parks and open spaces. The Public Trust Doctrine forces governments holding land assets in trust on behalf of the public to balance their short-term interests against the long-term protection of irreplaceable parks and open-space resources. Lawsuits aimed at protecting the public trust have... Read More