Academic literature on the topic 'Sustainable Real Estate Development'

Thesis: S.M. in Real Estate Development, Massachusetts Institute of Technology, Program in Real Estate Development in conjunction with the Center for Real Estate, 2018.<br>Cataloged from PDF version of thesis.<br>Includes bibliographical references (pages 49-50).<br>Since 2010, China has put forward ample efforts to liberalize its currency and financial systems to transition into an economy with sustainable growth. However, the severe capital flight in these past two years prompted the government to place capital control regulations on both retail (individual) and institutional investors engaged in cross-border investments. These regulations include temporary halts of various programs such as the Qualified Domestic Institutional Investor Scheme and the Qualified Domestic Limited Partner initially devised to facilitate a smooth capital flow in the Shanghai Free Trade Zone, while promoting new initiatives such as the Stock Connect and One Belt One Road. The action of the government has since stabilized a continuously devaluated Renminbi and increased the alarmingly low level of foreign reserve. On the negative note, however, the regulations also dramatically suppressed the volume of cross-border transactions and subsequently caused changes in Chinese investors' profile, partnership structure and preference for overseas markets. The fast change of the investment dynamics prompts questions including if there is still strong demand for foreign assets by Asian investors, what are the channels to continue to engage with China-based investors and their capital, how to build a sustainable business strategy with a policy-driven economy, and what the potential future risks would be. To answer these questions, it is important to distinguish between channels that are temporally closed but in the long term will continue to play a significant role in liberalizing the Renminbi and channels that are still viable even under the capital control regulations. Hong Kong plays a strategic role in this discussion. This thesis is based on rigorous research combined with an in-depth analysis of the strategies of local market players who have established business relationships with Chinese investors and formed insights into future developments based on the current investment dynamics. The thesis attempts to provide an idea of the gradually changing landscape of global investments and propose more sustainable business strategies with investors domiciled in policy-driven economies such as China's.<br>by Chang Zhao.<br>S.M. in Real Estate Development

Thesis: S.M. in Real Estate Development, Massachusetts Institute of Technology, Program in Real Estate Development in conjunction with the Center for Real Estate, September, 2020<br>Cataloged from student-submitted PDF of thesis.<br>Includes bibliographical references (pages 81-87).<br>Commercial real estate is at a crossroads; continued global population growth will necessitate significant additions to the current building stock, and new commercial space, if delivered using traditional construction methods and materials, will further increase the embodied carbon emissions of the built environment. However, there is an opportunity to mitigate the environmental impact of new development while also increasing value by employing new mass timber technology to meet the growing demand for new buildings. At the same time, approved changes to the 2021 International Building Codes (IBC) and increased investment in new production facilities will improve the scale and usability of mass timber, further reducing costs and environmental impacts. This dynamic presents developers with a unique opportunity to capitalize on changing tides and revolutionize the building industry.<br>This paper will explore the similarities and differences between mass timber and traditional timber construction before discussing the best ways to leverage mass timber's advantages over traditional steel and concrete building systems and how to apply lessons learned from existing projects to reduce costs in the context of an evolving industry. In order to prove the viability of mass timber, this paper will utilize construction cost analyses from an existing case study that compared mass timber development to traditional cast-in-place concrete development, and it will analyze these total cost estimates on a time-adjusted returns basis. Subsequently, it will analyze consumer and corporate trends based on demographics and sustainability preferences in order to demonstrate the proven willingness of individuals and companies to pay a premium for sustainability.<br>Based on that demand, it will then utilize leasing and valuation figures from LEED and Energy Star buildings as a basis of analyzing the superior returns mass timber delivers. Finally, a discussion of the current limitations to wide-spread adoption of mass timber will be identified, as well as means for owners to mitigate those limitations and identify the best potential markets for mass timber. With an understanding of the products, market, and existing challenges, this paper concludes with views on how the mass timber industry will evolve to facilitate wider use..<br>by Andrew Thigpen [and] Benjamin Masselink.<br>S.M. in Real Estate Development<br>S.M.inRealEstateDevelopment Massachusetts Institute of Technology, Program in Real Estate Development in conjunction with the Center for Real Estate

Since the formal announcement of the guiding principles of sustainable development in the 1999 Policy Address, sustainable development has become a hot topic in various industries. Housing management is one of the fields that sustainable development principles could be taken place. It was believed that the diversified job natures of housing management give potential opportunities to enhance sustainable development. The aim of the project is to find absent the potential roles of housing manger in contributing the sustainable development. Before applying the concept of sustainable development into housing management, in order to study the rationale behind this concept, the emerge of this idea and its historical development would be discussed. While the functions of housing manager were differentiated in different countries and different properties, the fundamental job function would be discovered, followed by the evolution of change till the modern century. To investigate the prospective relationships between the living environment and sustainable development, residential property was chosen as the scope of this study. Six residential apartments with different scales and different management structures were selected for case studies. It was found that there are numbers of opportunities for housing manager to enhance the sustainable development in the housing estates, while most of these opportunities were related to the job functions of housing manager. The study found that housing manager could be a good facilitator to integrate the effort of all stakeholders in constructing a sustainable living community.<br>published_or_final_version<br>Housing Management<br>Master<br>Master of Housing Management

Thesis: S.M. in Real Estate Development, Massachusetts Institute of Technology, Program in Real Estate Development in conjunction with the Center for Real Estate, June 2017.<br>"September 2016." Cataloged from PDF version of thesis.<br>Includes bibliographical references (page 94).<br>The built environment consumes more than 40% of the energy used around the world and nearly 70% of the electricity used in the United States. These same buildings use 25% of the world's fresh water resources and contribute 50% of global waste. In order to make the buildings we inhabit more resource-efficient, strategies are being employed through the use of technology, materials, and design in order to achieve a new standard of environmental impact, called net-zero buildings. To date, only a few dozen buildings in the United States have achieved net-zero or net-positive energy and water status, where they capture as much or more energy and water through renewable energy resources and water collection and reuse mechanisms as they use on an annual basis. This thesis examines the many energy- and water-efficient systems, design solutions, and materials that work together to create more sustainable structures and presents case studies for two highly-efficient developments. These net-zero interventions are then compared to the highest-scoring Leadership in Energy and Environmental Design (LEED) buildings across the United States in an attempt to detail the similarities and differences in the goals of each system. Research of the top 10 highest-rated investor-owned buildings shows a significant gap in performance between the systems and design elements used to achieve LEED Platinum status and the energy and water interventions that are necessary to reach net-zero consumption goals. The gap in performance between LEED and net-zero design is related to regulatory hurdles, technological advancements, and the sophistication of design teams. Combined, these influence the commercial diffusion of net-zero development projects and can be used to understand how the built environment can start to meet sustainability goals.<br>by Kevin M. Murphy.<br>S.M. in Real Estate Development

Thesis (S.M. in Real Estate Development)--Massachusetts Institute of Technology, Program in Real Estate Development in Conjunction with the Center for Real Estate, 2012.<br>Many illustrations and maps printed landscape. Cataloged from department-submitted PDF version of thesis. This electronic version was submitted and approved by the author's academic department as part of an electronic thesis pilot project. The certified thesis is available in the Institute Archives and Special Collections.<br>Includes bibliographical references (p. 105-108).<br>The topics explored in this thesis are first how the value inherent in agriculturally zoned land can be used to support the development of an organic farm and sustainable living demonstration center; and second, whether or not the existence of an organic farm can be considered a high value residential amenity-can access to fresh food, a strong local community, and a lush, bountiful, chemical free environment support 15-20% average yearly growth in real estate values? Or more succinctly, is it possible to 'grow' real estate values organically?<br>by Gordon Karau.<br>S.M.in Real Estate Development

Thesis (S.M. in Real Estate Development)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, Center for Real Estate, 2008.<br>This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections.<br>Includes bibliographical references (leaves 97-102).<br>Croatia stands true to its marketing slogan, "the Mediterranean as it once was", with tiny tiled-roof villages dotting the unspoiled coastline-- but for how long? Since it declared independence from Yugoslavia in 1991, Croatia has been on the rise attracting tourists to its Adriatic coastline and over 1000 islands, reaching its prewar tourism numbers when it led the market as the top destination for European vacationers. Investors, speculators and developers have all followed suit, attempting to take advantage of the beautiful coastline and growing market. However, developers have had minimal success navigating through the overly restrictive planning and permitting bureaucracy. In the meanwhile, two to four story apartment hotels have sprung up like wild fire (legally and illegally) and are dominating the coastal accommodations and threatening the natural landscape. As most of the Mediterranean coastlines are 70% developed, Croatia maintains only 15% of its coast developed; creating a strong comparative advantage that must be preserved and strategically utilized. The current system does not have a vision of how to accomplish this. An analysis of the sustainability of the coastal development process in Croatia was conducted beginning with an intense review of available literature, followed by a series of personal interviews with key figures in the market. The seven coastal counties of Croatia were visited during the interview process where developers, architects, city and state officials, business consultants, lawyers, academics and investors shared their knowledge about the opportunities and challenges of this exciting market. Economic drivers, land use policy, design, financing, infrastructure capacity and operations were all reviewed as key elements of the development process.<br>(cont.) An analysis of these elements produced a final recommendation establishing a vision for the Croatian coast and an Adriatic Coastal Planning Policy to carry out that vision for generations to come.<br>by Bozho J. D. Deranja.<br>S.M.in Real Estate Development

Thesis (M.C.P. and S.M. in Real Estate Development)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 2004.<br>This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections.<br>Includes bibliographical references (p. 111-115).<br>Research and practice have shown that air rights development over highway corridors in America's cities is not only feasible, but desirable. As planners, policy makers and consumers attempt to curb the sprawling development pattern that was characteristic of the second half of the twentieth century, the development of the air space over urban highway corridors is emerging as a beneficial type of development that promotes revitalization and can be more sustainable than other types of redevelopment. As the advantages of air rights development over highway corridors become increasingly apparent, more projects and proposals are surfacing in cities nationwide. However, while this development pattern can contribute to urban revitalization, it is also unique from other types of infill and redevelopment. Air rights development is complex and requires special scrutiny and treatment from a planning and policy perspective, a distinct understanding of urban design and attention to neighborhood context, and specific development principles for construction and financial feasibility. This thesis describes these unique considerations both generically and through analysis of the Massachusetts Turnpike in Boston. It examines three cases: a completed air rights development, a planned development that has gone through the permitting phase, and a proposed air rights development as it seeks the path of least resistance for development. In this examination, a set of "best practices" and recommendations is proposed to advance the feasibility of this unique type of development. The recommendations aim to make air rights development over highway corridors more sustainable, more predictable, and more systematic in improving the urban environment. Chief among these recommendations include: the implementation of a robust and predictable regulatory framework to control the outcome of air rights development; design guidelines to ensure connectivity and contextualized development that also reflect realistic assumptions about financial feasibility and development intensity; and a systematic air rights lease negotiation process and framework that links leasing liabilities to future development revenues.<br>by Bonnie E. Campbell.<br>M.C.P.and S.M.in Real Estate Development

The government of South African has stated its intentions to enforce a policy which will compel developers of upmarket residential properties to set aside 20 percent of their upmarket residential developments to accommodate affordable housing. The developers on the other hand, have expressed concerns about this approach. The principal aim of this study and of the research was to investigate the desirability of the concept of multi-income-level investment approach to the development of golf estates. A phenomenological strand of qualitative research method was used in the research. The following formed the focal point of the research: • An investigation into the perceptions of the stakeholders, especially the buyers of up-market properties, about mixed-income-level investments in golf estates. • The potential effect of the implementation of including affordable housing in the development of golf estates • An investigation of the perceived effect on the profitability of investments by the inclusion of affordable housing in golf estate properties. • The extent of the contribution of including affordable housing in golf estate developments to the reduction of the current backlog