Letter from the Editors

Abstract

[Excerpt] Dear Readers,We are excited to present the 10th Volume of the Cornell Real Estate Review, the leading publication of Cornell’s Baker Program in Real Estate. In recent times, the real estate industry and capital markets have been unsteady in response to the uncertainty surrounding the upcoming general election and its effects on the economy and overall direction of the country. The European Union is also in a period of hesitation due to the status of the current recessions facing many of its members. The BRICs are still growing at a vigorous pace but are slowing down to more manageable growth when compared to previous periods. This fledgling economic environment is presenting long term demand and supply concerns for much of the world’s investible real estate. At this juncture, the importance of joining scholarly discourse and professional expertise to gain a thorough understanding of real estate issues and opportunities is undoubtedly visible. Our intention is to promote the practical, efficient application of real estate theory and we hope that you find the articles engaging and useful.