Lots of people talk about it but few people can walk the talk. Especially in discussions of sustainability and real estate, talk is cheap and buildings aren’t. Students in one of our classes recently met some people who are walking the talk in a big way; touring some operating office buildings and buildings under construction in Toronto and Mississauga enabled students to learn about the greening of commercial real estate from industry leaders. Continue reading
It is an interesting time of year on campus: test time. Students are being asked questions and working very hard to find a “right answer”. Some do not understand the true meaning of being right.
First year students understand that the questions are more challenging than those seen in high school because there are more ways to make a mistake.
But “being right” is not the same as “not making a mistake”. For example, I am often asked “which formulas should I memorize for the test?” The problem with this question is that the most serious mistakes are made by people who use a formula to create an obviously silly answer. You cannot challenge a number if they do not understand its meaning.
This problem is not limited to university undergraduates. Continue reading
Real estate businesses tend to be small within a national context but relatively big in any location. Real estate businesses interact with government frequently, either in terms of zoning, taxation or long term planning. At the same time, it is not surprising that many people complain about the “excessive power” of real estate developers to “manipulate” city councils.
With this in mind, it is interesting to read today’s announcement concerning Jean Tirole being named as a Nobel Laureate “for his analysis of market power and regulation”. See also.
In my opinion, this award is part of an evolving perspective on how businesses should be regulated. Continue reading