India E-Commerce gets an FDI Impetus

The Government of India signaled its intentions to bolster the country’s e-commerce market in December 2018. Clarifying its stance via the Department of Industrial Policy & Promotion (DIPP), the intent was clear: to ensure that e-commerce players/marketplaces do not influence the sale price of the goods sold on their portal. Furthermore, as per the government,

Should We Really Worry About China?

The recent release of China’s GDP growth of 6.6%—a 28-year low—drew sharp attention. Keywords such as “collapse,” “recession” and “hard-landing” dominated headlines, citing China’s trade tension with the U.S., its stock market crash and Beijing’s crackdown on debt. Granted, if China’s economic growth is set to crash, the world economy will feel the pain. But

What’s Happening with REITs in India?

Global perception about India’s real estate market is changing, buoyed by positive market sentiments and the government’s efforts to formalize the sector – which include changes in the land acquisition act, establishment of state-level real estate regulatory authorities and easing of foreign investment norms. As the horizons of the sector widen, there is a compelling

Message in a Bottle

Like most people, I much prefer soda from a bottle than a can. Even though the product inside is identical, the look and feel of the bottle is much cooler and, as a kid, the bottle caps were like souvenirs. I have a jar of hundreds of them that I collected in my childhood stuffed

Should Real Estate Investors Worry About The Stock Market Plunge?

The Dow Jones Industrial Average (DJIA) finished 2018 down 3.5% and lost 13% of its value between October and December alone—its worst annual performance since 2008. The downturn rippled through world equity markets. Should real estate investors be worried? Yes, but only if policy makers overreact. There have been two instances in the past 30

Reshoring The Offshorers

Imagine the world in 10 years in time. With the benefit of hindsight, what will economists, manufacturers and policymakers recall as the defining geopolitical issue of 2018? Rising rates, and volatile equity markets maybe, but chances are the trade relationship between China and the United States would feature prominently in medium-term memories. Rising trade tensions

New Rent

While in Downtown Los Angeles a few weeks ago, I saw a large sign—like an oasis in the desert—for Dunkin’ Donuts coffee at a subway stop. Instinct took over and I followed the sign’s directions down into the station, but alas there was not a Dunkies to be found. Taking revenge, I went to Starbucks.

A Tale Of Two Stress Tests

You don’t often associate an “I told you so” moment with the release of a banking stress test, but I definitely experienced one of those after reading the recent findings of the Bank of England. Frankly, I had spent the previous few weeks scratching my head after reading the headlines following the European Banking Authority

Capital Needs to Go Somewhere. Where are the Opportunities?

Following a robust H1 2018, there is some concern that the global economy has cooled and that this portends a less favorable investment environment in 2019. In fact, global GDP is likely to have achieved above-trend growth (3.7%) in 2018 and will decline only a little to 3.4% in 2019, despite a backdrop of political

Emerging Market CRE Strategies in the United States?

During a recent meeting with a large Canadian pension fund advisor, Kansas City—not normally identified with prime real estate investment—became the focal point of an “emerging markets” strategy the advisor was developing for a client from Singapore. In retrospect, foreign capital interest in Kansas City is not surprising since yields in major global markets have