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Building information modeling, or BIM, is sharply reducing the design time, construction costs and budget overruns on infrastructure projects — as well as construction projects in general. It also brings a higher degree of precision to design and construction. Future iterations of BIM will bring even more benefits to civil engineering and construction. For more on this topic we turn to Terry Bennett, the senior industry strategist for civil infrastructure at Autodesk.
What is a 24-hour city compared with a 9-to-5 city? Did you know that downtown office buildings in 24-hour cities produce investment returns that are more than 150 percent higher than 9-to-5 cities? Hugh F. Kelly, professor at the NYU Schack Institute of Real Estate, has authored a new book titled “24 Hour Cities: Real Investment Performance, Not Just Promises,” which elaborates on these topics and many others. He joins us to discuss many of the highlights contained in his latest piece of research on urban settings and real estate.
Real estate leases are going to have to be accounted for on corporate balance sheets, in accordance with new U.S. and international accounting standards. Loretta Clodfelter, editor of Institutional Real Estate Americas, reports on that, as well as the improving real estate market in Mexico and construction labor shortages in the United States.
Richard Fleming, editor of Institutional Real Estate Europe, discusses the aftermath of the United Kingdom's decision to exit the European Union.
British expatriate and economist Sam Chandan, dean of the Shack Institute of Real Estate at NYU, discusses some of the pressing questions surrounding U.K. voters decision to withdraw from the European Union, including how it will affect U.S. investors.