One of the best ways to stay current within your industry is to read the material that’s being written for professionals like yourself. This involves regularly visiting industry websites like and reading what they’re writing as well as checking out print publications and periodicals. A good final way to round out your industry research and make sure you have a well-rounded grasp on current trends and events as well as quintessential classics that set the standard for best practices is to read books published by influencers and thought leaders. With just over a month left of summer, here are some books on commercial real estate to check out before the fall.
Other People’s Money by Charles V. Bagli
The book’s subtitle — Inside the Housing Crisis and the Demise of the Greatest Real Estate Deal Ever Made — gives readers a decent idea of what it’s about. It tells the story of the partnership of real estate giant Tishman Speyer Properties and BlackRock and their endeavor to purchase the Stuyvesant Town-Peter Cooper Village which resulted in the loss of billions of dollars of investor money. It’s a great story of what can go wrong with real estate investing and is told by Charles V. Bagli, a New York Times real estate reporter who covered Stuyvesant Town.
Death and Life of Great American Cities by Jane Jacobs
A fairly major portion of commercial real estate investing is the actual real estate itself, which is in an ever-fluctuating market. And sometimes, the market drops and stays dropped, and we see cities like Detroit and Allentown, once thriving metropoli, fall into ruin. In her book, Jacobs discusses the role that city planning has played in this urban decay.
Triumph of the City by Edward Glaeser
Discussions of city life can often lead to talk of the unsanitary conditions or the poverty one regularly encounters, but for Edward Glaeser, an urban economist, he sees the city as so much more. Glaeser declares cities as the greatest invention of humankind and sees the potential that they have to offer us as hubs for innovation and inspiration.
While reading books can be time-consuming, broadening your horizons and expanding your perspective by learning more about your industry and its history. Take a weekend and read these three books, and you’ll certainly educate yourself on the past of CRE.