Order without Design

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Publisher : MIT Press
ISBN 13 : 0262038765
Total Pages : 433 pages
Book Rating : 4.2/5 (62 download)

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Book Synopsis Order without Design by : Alain Bertaud

Download or read book Order without Design written by Alain Bertaud and published by MIT Press. This book was released on 2018-12-04 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: An argument that operational urban planning can be improved by the application of the tools of urban economics to the design of regulations and infrastructure. Urban planning is a craft learned through practice. Planners make rapid decisions that have an immediate impact on the ground—the width of streets, the minimum size of land parcels, the heights of buildings. The language they use to describe their objectives is qualitative—“sustainable,” “livable,” “resilient”—often with no link to measurable outcomes. Urban economics, on the other hand, is a quantitative science, based on theories, models, and empirical evidence largely developed in academic settings. In this book, the eminent urban planner Alain Bertaud argues that applying the theories of urban economics to the practice of urban planning would greatly improve both the productivity of cities and the welfare of urban citizens. Bertaud explains that markets provide the indispensable mechanism for cities' development. He cites the experience of cities without markets for land or labor in pre-reform China and Russia; this “urban planners' dream” created inefficiencies and waste. Drawing on five decades of urban planning experience in forty cities around the world, Bertaud links cities' productivity to the size of their labor markets; argues that the design of infrastructure and markets can complement each other; examines the spatial distribution of land prices and densities; stresses the importance of mobility and affordability; and critiques the land use regulations in a number of cities that aim at redesigning existing cities instead of just trying to alleviate clear negative externalities. Bertaud concludes by describing the new role that joint teams of urban planners and economists could play to improve the way cities are managed.

Vital Little Plans

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Publisher : Random House
ISBN 13 : 0399589619
Total Pages : 544 pages
Book Rating : 4.3/5 (995 download)

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Book Synopsis Vital Little Plans by : Jane Jacobs

Download or read book Vital Little Plans written by Jane Jacobs and published by Random House. This book was released on 2016-10-11 with total page 544 pages. Available in PDF, EPUB and Kindle. Book excerpt: A career-spanning selection of previously uncollected writings and talks by the legendary author and activist No one did more to change how we look at cities than Jane Jacobs, the visionary urbanist and economic thinker whose 1961 book The Death and Life of Great American Cities started a global conversation that remains profoundly relevant more than half a century later. Vital Little Plans is an essential companion to Death and Life and Jacobs’s other books on urbanism, economics, politics, and ethics. It offers readers a unique survey of her entire career in forty short pieces that have never been collected in a single volume, from charming and incisive urban vignettes from the 1930s to the raw materials of her two unfinished books of the 2000s, together with introductions and annotations by editors Samuel Zipp and Nathan Storring. Readers will find classics here, including Jacobs’s breakout article “Downtown Is for People,” as well as lesser-known gems like her speech at the inaugural Earth Day and a host of other rare or previously unavailable essays, articles, speeches, interviews, and lectures. Some pieces shed light on the development of her most famous insights, while others explore topics rarely dissected in her major works, from globalization to feminism to universal health care. With this book, published in Jacobs’s centenary year, contemporary readers—whether well versed in her ideas or new to her writing—are finally able to appreciate the full scope of her remarkable voice and vision. At a time when urban life is booming and people all over the world are moving to cities, the words of Jane Jacobs have never been more significant. Vital Little Plans weaves a lifetime of ideas from the most prominent urbanist of the twentieth century into a book that’s indispensable to life in the twenty-first. Praise for Vital Little Plans “Jacobs’s work . . . was a singularly accurate prediction of the future we live in.”—The New Republic “In Vital Little Plans, a new collection of the short writings and speeches of Jane Jacobs, one of the most influential thinkers on the built environment, editors Samuel Zipp and Nathan Storring have done readers a great service.”—The Huffington Post “A wonderful new anthology that captures [Jacobs’s] confident prose and her empathetic, patient eye for the way humans live and work together.”—The Globe and Mail “[A timely reminder] of the clarity and originality of [Jane Jacobs’s] thought.”—Toronto Star “[Vital Little Plans] comes to the foreground for [Jane Jacobs’s] centennial, and in a time when more of Jacobs’s prescient wisdom is needed.”—Metropolis “[Jacobs] changed the debate on urban planning. . . . As [Vital Little Plans] shows, she never stopped refining her observations about how cities thrived.”—Minneapolis Star Tribune “[Jane Jacobs] was one of three people I have met in a lifetime of meeting people who had an aura of sainthood about them. . . . The ability to radiate certainty without condescension, to be both very sure and very simple, is a potent one, and witnessing it in life explains a lot in history that might otherwise be inexplicable.”—Adam Gopnik, The New Yorker “A rich, provocative, and insightful collection.”—Reason

Strong Towns

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Publisher : John Wiley & Sons
ISBN 13 : 1119564816
Total Pages : 262 pages
Book Rating : 4.1/5 (195 download)

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Book Synopsis Strong Towns by : Charles L. Marohn, Jr.

Download or read book Strong Towns written by Charles L. Marohn, Jr. and published by John Wiley & Sons. This book was released on 2019-10-01 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: A new way forward for sustainable quality of life in cities of all sizes Strong Towns: A Bottom-Up Revolution to Build American Prosperity is a book of forward-thinking ideas that breaks with modern wisdom to present a new vision of urban development in the United States. Presenting the foundational ideas of the Strong Towns movement he co-founded, Charles Marohn explains why cities of all sizes continue to struggle to meet their basic needs, and reveals the new paradigm that can solve this longstanding problem. Inside, you’ll learn why inducing growth and development has been the conventional response to urban financial struggles—and why it just doesn’t work. New development and high-risk investing don’t generate enough wealth to support itself, and cities continue to struggle. Read this book to find out how cities large and small can focus on bottom-up investments to minimize risk and maximize their ability to strengthen the community financially and improve citizens’ quality of life. Develop in-depth knowledge of the underlying logic behind the “traditional” search for never-ending urban growth Learn practical solutions for ameliorating financial struggles through low-risk investment and a grassroots focus Gain insights and tools that can stop the vicious cycle of budget shortfalls and unexpected downturns Become a part of the Strong Towns revolution by shifting the focus away from top-down growth toward rebuilding American prosperity Strong Towns acknowledges that there is a problem with the American approach to growth and shows community leaders a new way forward. The Strong Towns response is a revolution in how we assemble the places we live.

Intercultural Urbanism

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Publisher : Bloomsbury Publishing
ISBN 13 : 1786994119
Total Pages : 209 pages
Book Rating : 4.7/5 (869 download)

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Book Synopsis Intercultural Urbanism by : Dean Saitta

Download or read book Intercultural Urbanism written by Dean Saitta and published by Bloomsbury Publishing. This book was released on 2020-07-23 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cities today are paradoxical. They are engines of innovation and opportunity, but they are also plagued by significant income inequality and segregation by ethnicity, race, and class. These inequalities and segregations are often reinforced by the urban built environment: the planning of space and the design of architecture. This condition threatens attainment of wider social and economic prosperity. In this innovative new study, Dean Saitta explores questions of urban sustainability by taking an intercultural, trans-historical approach to city planning. Saitta uses a largely untapped body of knowledge-the archaeology of cities in the ancient world-to generate ideas about how public space, housing, and civic architecture might be better designed to promote inclusion and community, while also making our cities more environmentally sustainable. By integrating this knowledge with knowledge generated by evolutionary studies and urban ethnography (including a detailed look at Denver, Colorado, one of America's most desirable and fastest growing 'destination cities' but one that is also experiencing significant spatial segregation and gentrification), Saitta's book offers an invaluable new perspective for urban studies scholars and urban planning professionals.

Market Urbanism

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Author :
Publisher :
ISBN 13 :
Total Pages : 194 pages
Book Rating : 4.9/5 (85 download)

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Book Synopsis Market Urbanism by : Scott Beyer

Download or read book Market Urbanism written by Scott Beyer and published by . This book was released on 2022-01-27 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: Market Urbanism is a theory calling for free-market solutions to urban problems. Rooted in classical liberalism, it posits that cities work best through the bottom-up, private sector activity of many individuals, not top-down government plans. In this nifty guide, Scott Beyer describes how these free-market ideas can apply to housing, transport and public administration. The book's goal is to portray a vision where cities are better-run, more affordable, and easier to get around in under a Market Urbanist model.

The Option of Urbanism

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Publisher : Island Press
ISBN 13 : 1597267767
Total Pages : 231 pages
Book Rating : 4.5/5 (972 download)

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Book Synopsis The Option of Urbanism by : Christopher B. Leinberger

Download or read book The Option of Urbanism written by Christopher B. Leinberger and published by Island Press. This book was released on 2010-03-18 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: Americans are voting with their feet to abandon strip malls and suburban sprawl, embracing instead a new type of community where they can live, work, shop, and play within easy walking distance. In The Option of Urbanism visionary developer and strategist Christopher B. Leinberger explains why government policies have tilted the playing field toward one form of development over the last sixty years: the drivable suburb. Rooted in the driving forces of the economy—car manufacturing and the oil industry—this type of growth has fostered the decline of community, contributed to urban decay, increased greenhouse gas emissions, and contributed to the rise in obesity and asthma. Highlighting both the challenges and the opportunities for this type of development, The Option of Urbanism shows how the American Dream is shifting to include cities as well as suburbs and how the financial and real estate communities need to respond to build communities that are more environmentally, socially, and financially sustainable.

Urban Planning and the Housing Market

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Author :
Publisher : Springer
ISBN 13 : 1137464038
Total Pages : 435 pages
Book Rating : 4.1/5 (374 download)

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Book Synopsis Urban Planning and the Housing Market by : Nicole Gurran

Download or read book Urban Planning and the Housing Market written by Nicole Gurran and published by Springer. This book was released on 2017-05-31 with total page 435 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book re-examines the role of urban policy and planning in relation to the housing market in an era of global uncertainty and change. The relationship between planning and the housing market is a contested problem across research, policy, and practice. Problems with housing supply and affordability in many nations have been linked to planning system constraints, while the global financial crisis has raised new questions about the role of urban planning regulation and processes in responding to housing market trends. With reference to international cases from the United Kingdom, the United States, Ireland, Hong Kong and Australia, the book examines how different systems of urban planning and governance address complex and dynamic housing market trends. It also offers practical guidance on how urban planning can support an efficient supply of appropriate and affordable homes in preferred locations. A detailed study, which explains and decodes the workings of the planning system and housing market, this book will be of particular interest to scholars of human geography and urban planning, as well as housing policy makers and practitioners. To view Nicole Gurran’s related TEDx talk please visit: Housing Crisis? How about housing solutions. TEDx Sydney 2018 (http://bit.ly/2psfpMw)

Urban Development in Post-Reform China

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Author :
Publisher : Routledge
ISBN 13 : 1134162154
Total Pages : 380 pages
Book Rating : 4.1/5 (341 download)

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Book Synopsis Urban Development in Post-Reform China by : Fulong Wu

Download or read book Urban Development in Post-Reform China written by Fulong Wu and published by Routledge. This book was released on 2006-12-05 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: Radically reoriented under market reform, Chinese cities present both the landscapes of the First and Third World, and are increasingly playing a critical role in the country’s economic development. Yet, radical marketization co-exists with the ever-presence of state control. Exploring the interaction of China’s market development, state regulation and the resulting transformation and creation of new urban spaces, this innovative, key book provides the first integrated treatment of China’s urban development in the dynamic market transition. Focusing on land and housing development, the authors, all renowned authorities in this field, show how the market has been ‘created’ under post-reform urban conditions, and examine ‘the state in action’, highlighting how changing urban governance towards local entrepreneurial state facilitates market formation. A significant, original contribution, they highlight the key actors and their institutional contexts. China has been very successful in using urban land development as an economic growth engine, and here the authors investigate complex interactions between the market and state in creating this new urbanism. Taking a unique perspective, they marshal original ideas and empirical work based on field studies and collaborative work with colleagues in China.

Arbitrary Lines

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Publisher : Island Press
ISBN 13 : 1642832545
Total Pages : 258 pages
Book Rating : 4.6/5 (428 download)

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Book Synopsis Arbitrary Lines by : M. Nolan Gray

Download or read book Arbitrary Lines written by M. Nolan Gray and published by Island Press. This book was released on 2022-06-21 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: It's time for America to move beyond zoning, argues city planner M. Nolan Gray in Arbitrary Lines: How Zoning Broke the American City and How to Fix It. With lively explanations, Gray shows why zoning abolition is a necessary--if not sufficient--condition for building more affordable, vibrant, equitable, and sustainable cities. Gray lays the groundwork for this ambitious cause by clearing up common misconceptions about how American cities regulate growth and examining four contemporary critiques of zoning (its role in increasing housing costs, restricting growth in our most productive cities, institutionalizing racial and economic segregation, and mandating sprawl). He sets out some of the efforts currently underway to reform zoning and charts how land-use regulation might work in the post-zoning American city. Arbitrary Lines is an invitation to rethink the rules that will continue to shape American life--where we may live or work, who we may encounter, how we may travel. If the task seems daunting, the good news is that we have nowhere to go but up

Messy Urbanism

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Publisher : Hong Kong University Press
ISBN 13 : 9888208330
Total Pages : 268 pages
Book Rating : 4.8/5 (882 download)

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Book Synopsis Messy Urbanism by : Manish Chalana

Download or read book Messy Urbanism written by Manish Chalana and published by Hong Kong University Press. This book was released on 2016-06-01 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seemingly messy and chaotic, the landscapes and urban life of cities in Asia possess an order and hierarchy that often challenges understanding and appreciation. With contributions by a cross-disciplinary group of authors, Messy Urbanism: Understanding the “Other” Cities of Asia examines a range of cases in Asia to explore the social and institutional politics of urban informality and the contexts in which this “messiness” emerges or is constructed. The book brings a distinct perspective to the broader patterns of informal urban orders and processes as well as their interplay with formalized systems and mechanisms. It also raises questions about the production of cities, cityscapes, and citizenship. Messy Urbanism will appeal to professionals, students, and scholars in the fields of urban studies, architecture, landscape architecture, planning and policy, as well as Asian studies. “The rubric of ‘messy urbanism’ is a productive antidote to the binaries that have limited a productive discussion about urbanism in Asia. This book is a significant contribution in understanding the inherent nature of the built environments in aspiring democracies—an emergent urbanism that seamlessly embraces the incremental, temporal, and ephemeral as given conditions in the formation of Asian cities.” —Rahul Mehrotra, Architect / Professor of Urban Design and Planning, Harvard University “This book is of a high quality, with multiple examples from Hong Kong and China. The authors have covered the topic admirably and I expect the book to attract a wide readership.” —Vinit Mukhija, Associate Professor and Vice Chair of Urban Planning, UCLA

Land Use without Zoning

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Publisher : Rowman & Littlefield
ISBN 13 : 1538148641
Total Pages : 298 pages
Book Rating : 4.5/5 (381 download)

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Book Synopsis Land Use without Zoning by : Bernard H. Siegan

Download or read book Land Use without Zoning written by Bernard H. Siegan and published by Rowman & Littlefield. This book was released on 2020-12-08 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: The conversation about zoning has meandered its way through issues ranging from housing affordability to economic growth to segregation, expanding in the process from a public policy backwater to one of the most discussed policy issues of the day. In his pioneering 1972 study, Land Use Without Zoning, Bernard Siegan first set out what has today emerged as a common-sense perspective: Zoning not only fails to achieve its stated ends of ordering urban growth and separating incompatible uses, but also drives housing costs up and competition down. In no uncertain terms, Siegan concludes, “Zoning has been a failure and should be eliminated!” Drawing on the unique example of Houston—America’s fourth largest city, and its lone dissenter on zoning—Siegan demonstrates how land use will naturally regulate itself in a nonzoned environment. For the most part, Siegan says, markets in Houston manage growth and separate incompatible uses not from the top down, like most zoning regimes, but from the bottom up. This approach yields a result that sets Houston apart from zoned cities: its greater availability of multifamily housing. Indeed, it would seem that the main contribution of zoning is to limit housing production while adding an element of permit chaos to the process. Land Use Without Zoning reports in detail the effects of current exclusionary zoning practices and outlines the benefits that would accrue to cities that forgo municipally imposed zoning laws. Yet the book’s program isn’t merely destructive: beyond a critique of zoning, Siegan sets out a bold new vision for how land-use regulation might work in the United States. Released nearly a half century after the book’s initial publication, this new edition recontextualizes Siegan’s work for our current housing affordability challenges. It includes a new preface by law professor David Schleicher, which explains the book’s role as a foundational text in the law and economics of urban land use and describes how it has informed more recent scholarship. Additionally, it includes a new afterword by urban planner Nolan Gray, which includes new data on Houston’s evolution and land use relative to its peer cities.

New Urbanism and American Planning

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Author :
Publisher : Routledge
ISBN 13 : 1135992614
Total Pages : 332 pages
Book Rating : 4.1/5 (359 download)

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Book Synopsis New Urbanism and American Planning by : Emily Talen

Download or read book New Urbanism and American Planning written by Emily Talen and published by Routledge. This book was released on 2005-11-16 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: New Urbanism and American Planning presents the history of American planners’ quest for good cities and shows how New Urbanism is a culmination of ideas that have been evolving since the nineteenth century. In her survey of the last hundred or so years of urbanist ideals, Emily Talen identifies four approaches to city-making, which she terms ‘cultures’: incrementalism, plan-making, planned communities, and regionalism. She shows how these cultures connect, overlap, and conflict and how most of the ideas about building better settlements are recurrent. In the first part of the book Talen sets her theoretical framework and in the second part provides detailed analysis of her four ‘cultures’.She concludes with an assessment of the successes and failures of the four cultures and the need to integrate these ideas as a means to promoting good urbanism in America.

Charter of the New Urbanism

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Author :
Publisher : McGraw-Hill Professional Publishing
ISBN 13 :
Total Pages : 220 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Charter of the New Urbanism by : Congress for the New Urbanism

Download or read book Charter of the New Urbanism written by Congress for the New Urbanism and published by McGraw-Hill Professional Publishing. This book was released on 2000 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: An agenda for thriving urban centers, the San Francisco-based Congress for the New Urbanism is a leading force for modern design that encourages viable neighborhoods, conserves natural environments, and preserves our architectural heritage. Charter of the New Urbanism introduces you to the work of the world-class planners, architects and other professionals who are making the new urbanism happen. Charter contributors, including Andres Duany, Peter Calthorpe, and Liz Moule, explain strategies that range from large-scale, regional, to small-scale: blocks, streets and buildings. Revealing case studies help you understand the impact of geography, economics,development and urban patterns, public and private uses, transportation and pedestrian access, housing, building densities and land uses, codes, parks, shared use, safety, preservation and renewal, community identity and much more in this invaluable resource for design professionals.

Masterplanning the Adaptive City

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Publisher : Routledge
ISBN 13 : 1135055149
Total Pages : 311 pages
Book Rating : 4.1/5 (35 download)

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Book Synopsis Masterplanning the Adaptive City by : Tom Verebes

Download or read book Masterplanning the Adaptive City written by Tom Verebes and published by Routledge. This book was released on 2013-10-08 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: Computational design has become widely accepted into mainstream architecture, but this is the first book to advocate applying it to create adaptable masterplans for rapid urban growth, urban heterogeneity, through computational urbanism. Practitioners and researchers here discuss ideas from the fields of architecture, urbanism, the natural sciences, computer science, economics, and mathematics to find solutions for managing urban change in Asia and developing countries throughout the world. Divided into four parts (historical and theoretical background, our current situation, methodologies, and prototypical practices), the book includes a series of essays, interviews, built case studies, and original research to accompany chapters written by editor Tom Verebes to give you the most comprehensive overview of this approach. Essays by Marina Lathouri, Jorge Fiori, Jonathan Solomon, Patrik Schumacher, Peter Trummer, and David Jason Gerber. Interviews with Dana Cuff, Xu Wei Guo, Matthew Prior, Tom Barker, Su Yunsheng, and Brett Steele. Built case studies by Zaha Hadid Architects, James Corner Field Operations, XWG Studio, MAD, OCEAN Consultancy Network, Plasma Studio, Groundlab, Peter Trummer, Serie Architects, dotA, and Rocker-Lange Architects.

Green Urbanism

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Author :
Publisher : Island Press
ISBN 13 : 1610910133
Total Pages : 512 pages
Book Rating : 4.6/5 (19 download)

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Book Synopsis Green Urbanism by : Timothy Beatley

Download or read book Green Urbanism written by Timothy Beatley and published by Island Press. This book was released on 2012-09-26 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the need to confront unplanned growth increases, planners, policymakers, and citizens are scrambling for practical tools and examples of successful and workable approaches. Growth management initiatives are underway in the U.S. at all levels, but many American "success stories" provide only one piece of the puzzle. To find examples of a holistic approach to dealing with sprawl, one must turn to models outside of the United States. In Green Urbanism, Timothy Beatley explains what planners and local officials in the United States can learn from the sustainable city movement in Europe. The book draws from the extensive European experience, examining the progress and policies of twenty-five of the most innovative cities in eleven European countries, which Beatley researched and observed in depth during a year-long stay in the Netherlands. Chapters examine: the sustainable cities movement in Europe examples and ideas of different housing and living options transit systems and policies for promoting transit use, increasing bicycle use, and minimizing the role of the automobile creative ways of incorporating greenness into cities ways of readjusting "urban metabolism" so that waste flows become circular programs to promote more sustainable forms of economic development sustainable building and sustainable design measures and features renewable energy initiatives and local efforts to promote solar energy ways of greening the many decisions of local government including ecological budgeting, green accounting, and other city management tools. Throughout, Beatley focuses on the key lessons from these cities -- including Vienna, Helsinki, Copenhagen, Stockholm, Zurich, Amsterdam, London, and Berlin -- and what their experience can teach us about effectively and creatively promoting sustainable development in the United States. Green Urbanism is the first full-length book to describe urban sustainability in European cities, and provides concrete examples and detailed discussions of innovative and practical sustainable planning ideas. It will be a useful reference and source of ideas for urban and regional planners, state and local officials, policymakers, students of planning and geography, and anyone concerned with how cities can become more livable.

American Architecture and Urbanism

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Author :
Publisher : Trinity University Press
ISBN 13 : 1595341803
Total Pages : 320 pages
Book Rating : 4.5/5 (953 download)

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Book Synopsis American Architecture and Urbanism by : Vincent Scully

Download or read book American Architecture and Urbanism written by Vincent Scully and published by Trinity University Press. This book was released on 2013-04-29 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: A classic book authored by the foremost architectural historian in America, this fully illustrated history of American architecture and city planning is based on Vincent Scully's conviction that architecture and city planning are inseparably linked and must therefore be treated together. He defines architecture as a continuing dialogue between generations which creates an environment across time. This definitive survey extends beyond the cities themselves to the American scene as a whole, which has inspired the reasonable balanced, closed and ordered forms, and above all the probity, that he feels typifies American architecture.

Urban Land Rent

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 1118827678
Total Pages : 307 pages
Book Rating : 4.1/5 (188 download)

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Book Synopsis Urban Land Rent by : Anne Haila

Download or read book Urban Land Rent written by Anne Haila and published by John Wiley & Sons. This book was released on 2015-12-14 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Urban Land Rent, Anne Haila uses Singapore as a case study to develop an original theory of urban land rent with important implications for urban studies and urban theory. Provides a comprehensive analysis of land, rent theory, and the modern city Examines the question of land from a variety of perspectives: as a resource, ideologies, interventions in the land market, actors in the land market, the global scope of land markets, and investments in land Details the Asian development state model, historical and contemporary land regimes, public housing models, and the development industry for Singapore and several other cities Incorporates discussion of the modern real estate market, with reference to real estate investment trusts, sovereign wealth funds investing in real estate, and the fusion between sophisticated financial instruments and real estate