Raising the IQ of Smart Cities: Chicago’s ‘Array of Things’ Urban Data Device

Special Issue – Global Real Estate Published: Spring 2017 By Charles Noel Schilke Introduction: Smart Cities and the Array of Things How do we firm up the vague definition of “Smart Cities,” and begin gathering the information specifically needed to implement this idea? In particular, how do we integrate multiple Information and Communications Technologies (ICT) […]

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Virtual Technology: The Future Is Now For the Commercial Real Estate Industry

Special Issue – Global Real Estate Published: Spring 2017 By Jeffrey Fisher, Ph.D., Michael K. Lerg, and Demetrios M. Louziotis, Jr., CRE Introduction Virtual technology (“VT”) is the latest overnight sensation to hit the market. And like many overnight sensations, it has been around for quite a while. One of the first commercial uses of […]

No Brainer: Three Easy Steps To Risk-Free OpEx Reductions and Municipal Asset Valuation Increases

These days, city officials, finance officers and municipal asset managers everywhere are struggling to come to grips with two unavoidable realities: ever tightening budgetary constraints and aging government buildings badly in need of renovation and upgrade. It’s a dilemma that municipalities all over the country wrestle with every day. Government buildings are in desperate need […]

Social Media Development = Real Estate Development

Social media has come a long way in the past 10 years. What started as an online social network for a college campus quickly moved mainstream. In the early years, social media could be ignored by real estate developers as a place best suited for vacation photo sharing. That has all changed. Today, social media […]

The Cognitive Computing Revolution

Robots are no longer a fantasy from a science fiction movie. Forms of cognitive computing have become part of every day professional life — and are increasingly visible. “Hubo,” the World Economic Forum’s first robot delegate, debuted in January 2016. Six of IBM’s “Watson” cognitive supercomputers work in the healthcare industry, giving healthcare professionals fast […]

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 […]

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 […]

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 […]

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 […]

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Water in the West

Special Issue – Global Real Estate Published: Spring 2017 By Robert E. Dietrich, CRE 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 […]

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The Counselors of Real Estate®, established in 1953, is an international group of high profile professionals including members of prominent real estate, financial, legal and accounting firms as well as leaders of government and academia who provide expert, objective advice on complex real property situations and land-related matters. Membership is selective, extended by invitation only. The organization’s CRE® (Counselor of Real Estate) credential is granted to all members in recognition of superior problem solving ability in various areas of real estate counseling. For more information, contact The Counselors of Real Estate