Rethinking planning in a digital marketplace: implications of e-commerce for land use policy in Toronto

The intention of the Growth Plan for the Greater Golden Horseshoe is to create a planning framework that achieves complete communities and a thriving economy. However, there is minimal direction for municipalities planning for retail development to realize these goals. This is problematic, as e-commerce is disrupting the retail industry and is transforming the commercial and industrial real estate that support it. This paper examines e-commerce growth over the past thirteen years in Canada and demonstrates how this is prompting changes in both land markets through two case studies. Case studies identify implications that e-commerce will create for land use policy in Toronto moving forward. Recommendations presented to address these implications prompt upper levels of government to collect data to inform decision making at the municipal level. Recommendations for the City of Toronto are aimed at relaxing land use policies to create a strategy to facilitate efficient goods movement. Key words: E-commerce; Land Use Policy; Toronto, Canada

Rethinking planning in a digital marketplace: implications of e-commerce for land use policy in Toronto

The intention of the Growth Plan for the Greater Golden Horseshoe is to create a planning framework that achieves complete communities and a thriving economy. However, there is minimal direction for municipalities planning for retail development to realize these goals. This is problematic, as e-commerce is disrupting the retail industry and is transforming the commercial and industrial real estate that support it. This paper examines e-commerce growth over the past thirteen years in Canada and demonstrates how this is prompting changes in both land markets through two case studies. Case studies identify implications that e-commerce will create for land use policy in Toronto moving forward. Recommendations presented to address these implications prompt upper levels of government to collect data to inform decision making at the municipal level. Recommendations for the City of Toronto are aimed at relaxing land use policies to create a strategy to facilitate efficient goods movement. Key words: E-commerce; Land Use Policy; Toronto, Canada

Impactos en el mercado inmobiliario logístico e industrial provocados por el interpuerto Quadrante Europa : Verona, Italia = Impacts on the logistic and industrial real estate market caused by the Quadrante Europa inter-port : Verona, Italy

ResumenUn interpuerto es una estructura compleja con el objetivo de desarrollar la intermodalidad a través de sus servicios logísticos avanzado y maximizar la velocidad del tránsito de mercancías. Esta investigación analiza el interpuerto Quadrante Europa, considerado el número uno en Europa, ubicado en la región Veneto que ocupa el segundo lugar a nivel nacional por la incidencia del consumo del suelo, con un alto índice de galpones abandonados. El estudio identifica los impactos que provoca el interpuerto en el mercado inmobiliario logístico y su relación según su cercanía. Los instrumentos utilizados son mapas georreferenciados, un análisis comparativo entre cuatro áreas de influencia y entre ciudades con y sin interpuerto en sus territorios. Se confirma la hipótesis que la cercanía al interpuerto influye en los precios de arriendo y venta de galpones y se evidencia una alta oferta de arriendo y venta de galpones en ciudades intermedias a interpuertos.AbstractAn interport is a complex structure with the aim of developing intermodality through its advanced logistics services and maximizing the speed of the transit of goods. This research analyzes the Quadrante Europa inter-port, considered number one in Europe, located in the Veneto region, which ranks second at the national level due to the incidence of land use, with a high rate of abandoned sheds. The study identifies the impacts caused by the inter-port on the logistics real estate market and their relationship according to its proximity. The instruments used are georeferenced maps, a comparative analysis between four areas of influence and between cities with and without interport in their territories. The hypothesis is confirmed that the proximity to the inter-port influences the prices of leasing and sale of warehouses and a high supply of leasing and sale of warehouses in intermediate cities to inter-ports is evidenced.

RUSSIAN INDUSTRIAL PARKS AS NATURAL INSTITUTES OF DEVELOPMENT

The numerous development institutions created in Russia in general economic terms are not yet sufficiently effective. Now, not only serious work is needed to improve the legal and regulatory framework of their functioning, but also to develop practices for influencing strategic areas of the economy with their help. The problem of establishing the interaction of development institutions with each other is also acute. Against the background of dissatisfaction with the activities of the vast majority of artificially engineered Russian development institutions, it is very favorably allocated industrial parks. Industrial parks are, in fact, the natural development institutions, because, firstly, private capital is actively involved in their creation, and, secondly, the initiative to create parks itself comes from “bottom”, i.e. comes from business, municipal and regional authorities. An analysis of various sources of information (data from the Geoinformation System of Industrial Parks of the Ministry of Industry and Trade of the Russian Federation, the Association of Industrial Parks of Russia and the industrial real estate business company TBI Group) shows that in Russian regions there is interest in the creation of industrial parks from business and local authorities. Based on theanalysis of available data, the paper concludes that skillful support for the rising industry of industrial parks can be very effective in socio-economic terms, since at a relatively low budget costs the real sector of Russian regions can receive a strong development stimulus.

Penyajian Pendapatan Komprehensif Lain: Pada Industri Properti Real Estate dan Konstruksi

ABSTRACT The purpose of this study was to investigate how the application components of OCI after IFRS enacted. This study investigate for companies listed on the Indonesian Stock Exchange for the period from 2012 to 2015. The data analysis method used is Tabulation Cross (Cross Tabulation) and Cramer V with the help of SPSS statistical data processing program. Testing was conducted on 216 samples consisted of 184 samples for property and real estate industry and 32 samples for the construction industry. Results of research on industrial real estate properties and construction after different test on components of OCIie exchange rate differences, employee benefits, securities available for sale, hedging, revaluation of assets/intangible assets, associates and venture then there is a significant influence on foreign exchange and asset revaluation fixed/ intangible assets. ABSTRAK Tujuan penelitian ini adalah menginvestigasi bagaimana penerapan komponen-komponen OCI setelah IFRS di berlakukan. Penelitian ini meneliti untuk perusahaan-perusahaan yang terdaftar di Bursa Efek Indonesia untuk periode dari tahun 2012 sampai dengan 2015. Metode analisis data yang digunakan adalah Tabulasi Silang (Cross Tabulation) dan Cramer V dengan bantuan program pengolah data statistik SPSS. Pengujian ini dilakukan pada 216 sampel terdiri dari 184 sampel untuk industri properti dan real estate dan 32 sampel untuk industri konstruksi. Hasil penelitian pada industri properti real estate dan konstruksi ini setelah dilakukan uji beda pada komponen OCI yaitu selisih kurs, imbalan kerja, sekuritas tersedia dijual, hedging, revaluasi aset/aktiva tidak berwujud, asosiasi dan ventura maka terdapat pengaruh signifikan terhadap selisih kurs dan revaluasi aset tetap/aktiva tidak berwujud. JEL Classification: M40, M48

Fast flex: Strategic design for industrial real estate in the age of corporate agility

In view of global hypercompetition and technological change, the strategic management literature observes a shift away from competitiveness based on long-term competence to that based on flexibility. As corporations adopt strategies of corporate agility in production and distribution, they often respond by divesting themselves of fixed landholdings. They increasingly outsource their space needs to real estate developers who act as space providers. While this trend occurs in both office and industrial properties, it is less understood in the latter. Industrial land developers must now quickly (“fast”) adjust properties to fulfill the corporate clients’ demand for flexibility (“flex”). Sites, physical structures, and contracts have to be designed to foster rapid transition from one occupant and building configuration to another and to serve multiple submarkets and client preferences.

Reconstruction and modernization of industrial parks

The construction of the industrial park is organized in accordance with the program management method, which identifies independent startup industrial and construction complexes that determine the order in which preparatory and basic works are carried out, the calendar construction timeframe and the sequence for entering construction queues taking into account the timely supply of equipment and structures, regulatory requirements for material and labor resources, as well as means of mechanization. In the organizational form of reproduction, carried out during the reconstruction of the industrial real estate of the park, surveys are conducted on the technical condition of the structures, intrasurface and intrasite vehicles and communications, equipment and engineering networks, production conditions and construction and installation works. The article presents an example of assessing economic efficiency of the business plan for organizing the construction of an oil pipeline, which is part of an industrial (industrial) park, in the section from 1569 to 1978 km in the Mari Republic and the southern part of Kirov Oblast, with natural borders from r. Vyatka to r. Vetluga diameter of the pipeline is 1020 mm.

Logistik und Gewerbe unter einem Dach

Flächenmangel in Metropolregionen sind zu einer zentralen Herausforderung des Logistikimmobilienmarkts geworden. Vor diesem Hintergrund hat der Projektentwickler Garbe Industrial Real Estate einen neuen Gebäudetypus entwickelt, der Logistik und Gewerbe in einer Unternehmensimmobilie vereint.

Micro Cap Assets versus Macro Cap Assets: The Effect of Asset Size on Financial Performance in Real Estate

This study explored the investment thesis that micro assets outperform macro assets. Micro assets include office and industrial real estate assets acquired at a price between $1 – $10 million. An asset acquired at a cost higher than $10 million is a macro asset. The study used a data sample of 1,025 office and industrial real estate asset transactions collected from the databases CompStak and Co-Star. Data were collected from 1993 to 2016, representing approximately 38 cities across different market tiers. The results obtained from the analysis, with a 90% confidence level, showed that micro assets yielded an 8.76% higher IRR than macro assets. Similarly, the study found, with a 99% confidence level, that the change in the value of micro assets is 15.97% higher than macro assets.