Hugh F. Kelly
Hugh F. Kelly is director of graduate programs & chair of the executive advisory council curriculum committee at the Fordham University Real Estate Institute, and chair of the institute’s executive advisory council curriculum committee. He is a principal at Hugh F. Kelly Real Estate Economics, a consultancy. Kelly is the author, most recently, of 24-Hour Cities: Real Investment Performance, Not Just Promises (Routledge/Taylor & Francis).
Wanted: Healthy Skepticism
Technology is undoubtedly changing commercial real estate, but is it overstating the case to call these changes revolutionary? Real estate economist Hugh F. Kelly makes the case for healthy skepticism that can help companies avoid unwise strategic choices.
A New Route for the Decade Ahead
The moderate economic growth after the recession along with risks of a downturn and stricter immigration policies are just some of the reasons why investors should plan their long-term strategies thoroughly.
The Big Policy Shift: Gauging the Impact
How will changes in taxation, regulation and other areas affect the job market and real estate’s prospects over the next few years? Here’s what to look for.
Slowing Ahead
In this month’s Economist’s View, Hugh Kelly explains why you should prepare for a recession that’s likely coming in 2019.
EPA Deregulation’s Increased Risk for Real Estate
It is the business of insurance companies to price risk. Insurance, in fact, has been doing this since the second millennium B.C., as evidenced in the Babylonian Code of Hammurabi.
RAISE-ing Red Flags: A Self-Defeating Immigration Plan
Somewhere in Washington, D.C., there must be a hidden office with a frosted glass window on the door that reads, “The Department of Really Dumb Ideas.” Over the years, both major U.S. political parties have taken long-term leases on that space—often at the same time.
Dumbing Down on Trade
By Hugh F. Kelly, PhD, CRE There is precious little policy in common between the major-party presidential candidates in 2016. However, both seem to believe that multilateral trade agreements like NAFTA or the proposed Trans-Pacific Partnership (TPP) and Trans-Atlantic Trade and Investment Partnership (TTIP) are job-threatening pacts that should be repealed, revised or rejected in the interest of protecting U.S. workers in important manufacturing industries. Economists familiar with Gresham’s Law, “Bad money drives out good,” may be seeing a contemporary political equivalent: “Bad ideas—repeated loudly—drive out good in a populist election campaign.” Protectionism has a long history in U.S. industrial…
Why the 24-Hour City Matters
Since the phrase “24-hour city” gained currency in the mid-1990s, the industry has believed these cities provide superior performance for investors. But what does the data really say?
The Effect of Wall Street Jitters on CRE
Should commercial property investors worry about Wall Street’s jitters?
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