Canada led foreign investment in U.S. real estate for 2014 with $15 billion, followed by China and Germany, both with approximately $6 billion in investments. Canada led global investments in the U.S. in the office, industrial and multifamily sectors. Japan led global investments in the U.S. hotel sector, with over $2 billion in investments, closely followed by Canada with almost $2 billion in investments. New sources of foreign investment has come from countries such as Israel, Korea, Egypt, Russia and Mexico. … [Read more...] about 2015 Economic Outlook. Blue Skies Ahead.
The "grey tsunami" is coming, as is a generation of elderly who will need to live with their children. Also coming is a generation seemingly focused on local, right-sized living without the anecdotal "trappings" of suburban life, like long drives, chain restaurants and mcmansions. The regulatory landscape of accessory dwelling units will continue to evolve to suit these growing sentiments, eventually finding that second bed: the one that was juuuuuust right. … [Read more...] about Little Pink Houses: Debate Regarding Zoning Laws and Accessory Dwelling Units Getting More and More Relevant
I spent a morning recently with Rogan Kersh, who is Provost and a political science and demographics scholar at Wake Forest University. (I have concluded that Brooks Pierce needs a provost-political-scientist-demographer, too [at least, we need a brilliant one like Wake Forest has]) … [Read more...] about Gen Y and Law Firms – The Turnover, The Turnover
Most firm's lawyer staffing model is not far removed from what might be called “traditional” or “old fashioned.” That means that they still hire most new lawyers immediately upon their graduation from law school, or judicial clerkships – and assume that when they join, they are not ready to practice law. We lawyers assume our new lawyers will learn by working with experienced lawyers (what the consultants call the “apprenticeship” model). … [Read more...] about Traditional Law Firm Professional Development Models Obsolete?
My theory has been that, in the 19th Century, practicing bars provided the needed bridge for new lawyers from school to practice – as a matter of shared culture at a local bar. Later, in the 20th Century, the bridge was provided in large degree by law firms as a matter of firm culture. … [Read more...] about Millennials as Lawyers and Their Professional Development – Can the Center Hold?