<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML xmlns:o = "urn:schemas-microsoft-com:office:office" xmlns:st1 =
"urn:schemas-microsoft-com:office:smarttags"><HEAD>
<META http-equiv=Content-Type content="text/html; charset=iso-8859-1">
<META content="MSHTML 6.00.2900.2523" name=GENERATOR></HEAD>
<BODY bgColor=#ffffff>
<DIV><FONT face=Arial size=2><IMG alt="MITCenter for Real Estate" hspace=0
src="cid:689441113@25042003-14ee" align=baseline border=0></FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV align=center><SPAN class=689441113-25042003><EM><STRONG><FONT
face=Arial>Elite o Visionary
o Relevant</FONT></STRONG></EM></SPAN></DIV>
<DIV align=center><SPAN class=689441113-25042003><STRONG><EM><FONT
face=Arial></FONT></EM></STRONG></SPAN> </DIV>
<DIV align=left><SPAN class=689441113-25042003><FONT
face=Arial></FONT></SPAN> </DIV>
<DIV align=left><SPAN class=689441113-25042003><FONT
face=Arial></FONT></SPAN></DIV>
<DIV align=left><SPAN class=689441113-25042003><STRONG><EM><FONT face=Arial
size=4>Greetings!</FONT></EM></STRONG></SPAN></DIV>
<DIV align=left><SPAN class=689441113-25042003><FONT
face=Arial></FONT></SPAN> </DIV>
<DIV align=left><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><FONT size=+0><SPAN
style="FONT-FAMILY: 'Times New Roman'"><FONT size=2><FONT size=2><FONT
face=Arial size=3><SPAN
class=204292914-19072004></SPAN></FONT></FONT></FONT></SPAN></FONT></SPAN></SPAN> </DIV>
<DIV align=left><SPAN class=689441113-25042003><FONT face=Arial>Included in this
edition of the MIT/CRE Alumni/ae E-newsletter are the following
items:</FONT></SPAN></DIV>
<DIV align=left><SPAN class=689441113-25042003><FONT
face=Arial></FONT></SPAN> </DIV>
<UL>
<LI>
<DIV align=center><STRONG><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><FONT face=Arial><FONT
size=4>CRE 20th Anniversary,</FONT> March 18 - 20,
2005</FONT></SPAN></SPAN></SPAN></STRONG></DIV>
<LI>
<DIV align=center><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN
class=689441113-25042003></SPAN></SPAN></SPAN><FONT face=Arial><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><STRONG><FONT size=4>New Century Cities Symposium,
January 18-19, 2005</FONT></STRONG></SPAN></SPAN></SPAN><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><SPAN
class=689441113-25042003> <A
href="http://web.mit.edu/cre/research/newcenturycities.html">http://web.mit.edu/cre/research/newcenturycities.html</A></SPAN></SPAN></SPAN></FONT></DIV>
<LI>
<DIV align=center><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><FONT
color=#0000ff><STRONG><FONT face=Arial size=4>MIT/CRE Applications for the
Class of 2006 Due 2/15/2005</FONT></STRONG></FONT></SPAN></SPAN></SPAN></DIV>
<LI>
<DIV align=center><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><STRONG><FONT
face=Arial size=4>CRE FIRE in Frankfurt, Germany
1/31/2005</FONT></STRONG></SPAN></SPAN></SPAN></DIV>
<LI>
<DIV align=center><FONT face=Arial><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><STRONG><FONT
size=4>Public Sector Award
Announced</FONT></STRONG><BR></SPAN></SPAN></SPAN><SPAN
class=689441113-25042003></SPAN><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN
class=689441113-25042003><STRONG></STRONG></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></FONT></DIV>
<LI>
<DIV align=center><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><STRONG><FONT
face=Arial>Alumni Call for
Help</FONT></STRONG></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></DIV>
<LI>
<DIV align=center><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><STRONG><FONT
face=Arial>Save the Dates
</FONT></STRONG></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></DIV>
<LI>
<DIV align=center><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN
class=689441113-25042003></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN><SPAN
class=689441113-25042003><SPAN class=204292914-19072004></SPAN></SPAN><SPAN
class=689441113-25042003><SPAN class=689441113-25042003></SPAN></SPAN><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><FONT
face=Arial><STRONG>Reminders and Notices</STRONG> (<U><FONT size=2>Alumni
Directory</FONT></U>, <FONT size=2>MITREX, Class of 2005 Resume Book,
and Job Postings!</FONT>)</FONT></SPAN></DIV></LI></UL></SPAN><SPAN
class=689441113-25042003></SPAN><SPAN class=689441113-25042003>
<DIV align=left><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><FONT size=+0><SPAN
style="FONT-FAMILY: 'Times New Roman'"><FONT size=2><FONT size=2><FONT
face=Arial size=3><SPAN
class=204292914-19072004></SPAN></FONT></FONT></FONT></SPAN></FONT></SPAN></SPAN> </DIV></SPAN>
<DIV align=left><SPAN class=689441113-25042003><FONT face=Arial
size=4><STRONG></STRONG></FONT></SPAN> </DIV>
<DIV align=left><SPAN class=689441113-25042003><BR><BR><FONT
face=Arial></FONT></SPAN><SPAN class=689441113-25042003><FONT size=4></DIV><SPAN
class=689441113-25042003><FONT size=3>
<DIV></FONT></SPAN><SPAN class=689441113-25042003><STRONG><FONT face=Arial>New
Visions: The 20th Anniversary Celebration -- Save the
Dates!</FONT></STRONG></SPAN></DIV>
<DIV><SPAN class=689441113-25042003><SPAN class=204292914-19072004>
<DIV><SPAN class=689441113-25042003><SPAN class=689441113-25042003><FONT
size=3><SPAN class=689441113-25042003><FONT face=Arial color=#0000ff
size=4><EM>MIT/CRE 20th Anniversary -- March 18 - 20, 2005<BR></EM></FONT><A
href="http://web.mit.edu/cre/events/events/20thanniversary.html"><FONT
face=Arial>http://web.mit.edu/cre/events/events/20thanniversary.html</FONT></A><BR></SPAN></FONT></SPAN></SPAN></DIV><SPAN
class=689441113-25042003>
<DIV>
<DIV><SPAN class=689441113-25042003><SPAN class=689441113-25042003><FONT
face=Arial size=2></FONT></SPAN></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><SPAN class=689441113-25042003><FONT
size=3><SPAN
style="FONT-SIZE: 10pt; COLOR: white; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><o:p><FONT
color=#000000 size=3><STRONG> </STRONG></FONT></o:p></SPAN></DIV>
<DIV>
<P class=MsoNormal
style="MARGIN: 0in 0in 6pt; mso-layout-grid-align: none; mso-pagination: none"><SPAN
style="FONT-SIZE: 10pt; COLOR: white; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><FONT
color=#000000 size=3><SPAN class=689441113-25042003>Keep your eyes pealed for
your invitation to the Center for Real Estate's 20th Anniversary weekend March
18 - 20, 2005! The weekend is truly a collaborative effort that will
feature an impressive array of activities and people. David Cohan (CRE
'92) has developed "Back to the Future: REfresh, REvisit, REdiscover," an
educational "update" that is scheduled for Friday
afternoon, "REfresh" will soar into action with a luncheon
presentation by <STRONG><U>Larry Bacow</U></STRONG>, co-founder of the Center
and current President of Tufts University. Following Dr. Bacow, you will
have to make some hard choices -- Updates in Real Estate Finance with
<STRONG><FONT color=#0000ff>Tod McGrath</FONT></STRONG>
or </X-TAB>Designing for Tomorrow's Developments with <STRONG><FONT
color=#0000ff>Dennis Frenchman</FONT></STRONG>. Following those
sessions, the choices continue -- </X-TAB>Building for Tomorrow's
Developments Today with <STRONG><FONT color=#0000ff>Jim Becker and Chris
Gordon</FONT></STRONG> or </X-TAB>Leadership in the Real Estate
Industry, taught by <STRONG><FONT color=#0000ff>Gloria
Schuck</FONT></STRONG>. Our own "Click and Clack", <STRONG><FONT
color=#0000ff>Ray Torto and Bill Wheaton,</FONT></STRONG> will
conclude <EM>Back to the Future </EM>by providing a brief summary
of where real estate markets are and where they are likely to head. Ray
and Bill will then challenge those in attendance to pick their
brains about literally any real estate topic. Prizes will be given for the most
interesting, difficult and profound
questions........<BR></SPAN></FONT></SPAN></P></DIV></FONT></SPAN></SPAN></DIV></SPAN></SPAN></SPAN></DIV>
<DIV><SPAN class=689441113-25042003><SPAN class=204292914-19072004><STRONG><FONT
face=Arial size=3></FONT></STRONG></SPAN></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><SPAN class=204292914-19072004><FONT
face=Arial size=3>The day continues with the official start of the New Visions
Conference -- <EM>Cities in the New Century: Models of Urban
Growth</EM>. After being introduced by Dean Adele Santos,
<STRONG><U>MIT President Susan Hockfield</U></STRONG> will offer the
welcoming remarks followed by a reception. The next day, the meeting will
be convened. Through the lens of four project case studies in Korea (New
Songdo and the Digital Media City), the United Kingdom (Canary Wharf), and
Cambridge, MA (University Park), we will explore the drivers of cities in the
new century and the value proposition these projects represent in social,
economic and physical terms. How are these projects being
financed? What kinds of partners are being approached and how are these
partnerships and their structures unique? Are there special benefits for
tenants? What kinds of tenants seek out these projects? What steps
are being taken to establish a sense of place? We will be posing
these and other questions to our guest presenters. In the afternoon, we will
divide the audience into topical groups charged with generating their own
thoughts on development themes and models for urban growth in the new century.
Our luncheon speaker is one of the founders Biogen, <STRONG><U>Nobel
Laureate, Dr. Phillip A. Sharp</U></STRONG>.</FONT></SPAN></SPAN></DIV>
<DIV><SPAN class=689441113-25042003><SPAN class=204292914-19072004><FONT
face=Arial size=3></FONT></SPAN></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><SPAN class=204292914-19072004><FONT
face=Arial size=3>Michael Jammen (CRE '97), Toby Kramer (CRE '91), and Jane
Seiden (CRE '88) are working to create a memorable gala. The location is
the Park Plaza Hotel & Towers. The musicians are ready, the food will
be delectable, and you are invited to enjoy the company of classmates and
members. The next day, the Alumni Association of the Center for Real
Estate (AACRE) invites you to be their guest for brunch.
</FONT></SPAN></SPAN></DIV>
<DIV><SPAN class=689441113-25042003><SPAN class=204292914-19072004><FONT
face=Arial size=3></FONT></SPAN></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><SPAN class=204292914-19072004><FONT
face=Arial size=3>A lot is planned and we hope you will be a part of
it! On-line registration is available at the following URL (<A
href="http://web.mit.edu/cre/events/events/20thanniversary.html">http://web.mit.edu/cre/events/events/20thanniversary.html</A>).</FONT></SPAN></SPAN><SPAN
class=689441113-25042003><SPAN class=204292914-19072004></DIV>
<DIV><BR><FONT face=Arial size=3></FONT></DIV></SPAN></SPAN>
<DIV><SPAN class=689441113-25042003><SPAN class=204292914-19072004><STRONG><FONT
face=Arial size=3></FONT></STRONG></SPAN></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><SPAN class=204292914-19072004><STRONG><FONT
face=Arial></FONT></STRONG></SPAN></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><SPAN class=204292914-19072004>
<DIV><SPAN class=689441113-25042003><STRONG><FONT face=Arial>New Century Cities
Symposium a Success!</FONT></STRONG></SPAN></DIV>
<DIV><SPAN class=689441113-25042003><SPAN class=204292914-19072004>
<DIV><SPAN class=689441113-25042003><SPAN class=689441113-25042003><FONT
size=3><SPAN class=689441113-25042003><A
href="http://web.mit.edu/cre/events/events/ncc-symposium.html"><FONT
face=Arial>http://web.mit.edu/cre/events/events/ncc-symposium.html</FONT></A></SPAN></FONT></SPAN></SPAN></DIV>
<DIV><SPAN class=689441113-25042003><SPAN class=689441113-25042003><FONT
face=Arial size=2><SPAN
class=689441113-25042003></SPAN></FONT></SPAN></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><SPAN class=689441113-25042003><FONT
size=2><SPAN class=689441113-25042003>
<P class=Body style="MARGIN: 0in 0in 0pt"><FONT face=Arial><FONT size=3><SPAN
class=689441113-25042003>On January 18th and 19th, s</SPAN>ome 150 invited
participants convened on January 18 for a two-day symposium on New Century
Cities. They hailed from four continents, and from disciplines ranging from
“traditional” city-builders—architects, city planners, and construction firms—to
the newest partners in the city development process-- information technology,
communications, and media firms (including Cisco, HP, and IBM), as well as
historians, educators, and artists. <SPAN class=689441113-25042003>
</SPAN>What brought them together was a shared belief that the cities of the
next century will be radically unlike the cities of centuries past. <SPAN
class=689441113-25042003>For more on the New Century Cities symposium, visit
the URL
above.</SPAN></FONT></FONT></SPAN></FONT></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><SPAN
class=689441113-25042003></P></DIV></DIV></DIV>
<DIV>
<P class=MsoNormal
style="MARGIN: 0in 0in 6pt; mso-layout-grid-align: none; mso-pagination: none"><FONT
face=Arial><FONT size=3><SPAN
style="FONT-SIZE: 10pt; COLOR: white; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><SPAN
class=689441113-25042003></SPAN></SPAN><STRONG></STRONG></FONT></FONT> </P>
<P class=MsoNormal
style="MARGIN: 0in 0in 6pt; mso-layout-grid-align: none; mso-pagination: none"><STRONG><FONT
face=Arial size=3></FONT></STRONG> </P>
<P class=MsoNormal
style="MARGIN: 0in 0in 6pt; mso-layout-grid-align: none; mso-pagination: none"></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><STRONG><FONT face=Arial>Deadline for Applications for
the Class of 2006: </FONT></STRONG><FONT color=#008000><FONT
face=Arial><EM><FONT color=#0000ff>February 15, 2005<BR></FONT></EM><FONT
color=#000000 size=3><A
href="http://web.mit.edu/cre/students/index.html">http://web.mit.edu/cre/students/index.html</A></FONT></FONT></FONT></SPAN><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><FONT size=3><SPAN
class=689441113-25042003></SPAN></FONT></SPAN></SPAN></P></DIV>
<DIV>
<DIV><SPAN class=689441113-25042003>
<DIV>
<DIV><SPAN class=689441113-25042003><SPAN class=689441113-25042003><FONT
face=Arial></FONT></SPAN></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><SPAN class=689441113-25042003><FONT
face=Arial size=3>If you know a person who would be a great candidate for the
Center for Real Estate's MSRED program, encourage them to apply! The
deadline is February 15, 2005 and we are always looking for people as talented
as you. For more information, take a look at the MIT/CRE web site or
contact Jennifer Boyles, Academic Assistant, at <A
href="mailto:jboyles@mit.edu">jboyles@mit.edu</A> or Maria Vieira, Associate
Director of Education, at <A
href="mailto:mvieira@mit.edu">mvieira@mit.edu</A>.</FONT></SPAN></SPAN></DIV>
<DIV><SPAN class=689441113-25042003><SPAN class=689441113-25042003><FONT
size=3><SPAN
style="FONT-SIZE: 10pt; COLOR: white; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><o:p><FONT
face=Arial color=#000000 size=3><STRONG></STRONG></FONT></o:p></SPAN></DIV>
<DIV>
<P class=MsoNormal
style="MARGIN: 0in 0in 6pt; mso-layout-grid-align: none; mso-pagination: none"><SPAN
style="FONT-SIZE: 10pt; COLOR: white; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><FONT
face=Arial color=#000000><SPAN class=689441113-25042003><SPAN
style="FONT-SIZE: 12pt; FONT-FAMILY: Times; mso-bidi-font-family: 'Times New Roman'; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: Times; mso-ansi-language: EN-US; mso-fareast-language: KO; mso-bidi-language: AR-SA"></SPAN></SPAN></FONT></SPAN> </P>
<P class=MsoNormal
style="MARGIN: 0in 0in 6pt; mso-layout-grid-align: none; mso-pagination: none"><SPAN
style="FONT-SIZE: 10pt; COLOR: white; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><FONT
color=#000000><SPAN class=689441113-25042003><FONT face=Arial size=3><SPAN
style="FONT-SIZE: 12pt; FONT-FAMILY: Times; mso-bidi-font-family: 'Times New Roman'; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: Times; mso-ansi-language: EN-US; mso-fareast-language: KO; mso-bidi-language: AR-SA"></SPAN></FONT></SPAN></FONT></SPAN> </P>
<P class=MsoNormal
style="MARGIN: 0in 0in 6pt; mso-layout-grid-align: none; mso-pagination: none"><SPAN
style="FONT-SIZE: 10pt; COLOR: white; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><FONT
color=#000000><SPAN class=689441113-25042003><FONT face=Arial size=3><SPAN
style="FONT-SIZE: 12pt; FONT-FAMILY: Times; mso-bidi-font-family: 'Times New Roman'; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: Times; mso-ansi-language: EN-US; mso-fareast-language: KO; mso-bidi-language: AR-SA"></SPAN></FONT> </P></SPAN></FONT></SPAN>
<P class=MsoNormal
style="MARGIN: 0in 0in 6pt; mso-layout-grid-align: none; mso-pagination: none"><SPAN
style="FONT-SIZE: 10pt; COLOR: white; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><FONT
color=#000000><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><FONT size=4><STRONG>CRE FIRE -- Forums on Issues and
Innovations in Real Estate -- </STRONG><FONT color=#0000ff><EM>Catch the FIRE in
Frankfurt, Germany<BR></EM><A
href="http://web.mit.edu/cre/events/events/ontheroad04.html">http://web.mit.edu/cre/events/events/ontheroad04.html</A></FONT></FONT></SPAN></SPAN></SPAN></SPAN></FONT></SPAN></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 6pt; mso-layout-grid-align: none; mso-pagination: none"><SPAN
style="FONT-SIZE: 10pt; COLOR: white; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><FONT
color=#000000><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003></SPAN></SPAN></SPAN></SPAN></FONT></SPAN> </P>
<P class=MsoNormal
style="MARGIN: 0in 0in 6pt; mso-layout-grid-align: none; mso-pagination: none"><SPAN
style="FONT-SIZE: 10pt; COLOR: white; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><FONT
color=#000000><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><FONT size=4><EM><FONT color=#0000ff>Kredit
International -- Frankfurt, Germany -- January 31, 2005</FONT></EM><BR><SPAN
lang=DE
style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: DE; mso-fareast-language: KO; mso-bidi-language: AR-SA"><SPAN
style="mso-field-code: ' MERGEFIELD Abteilung '"><SPAN
style="mso-no-proof: yes"><FONT
color=#0000ff></FONT></SPAN></SPAN></SPAN></FONT></SPAN></SPAN></SPAN></SPAN></FONT></SPAN></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 6pt; mso-layout-grid-align: none; mso-pagination: none"></FONT></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN lang=EN-GB
style="mso-ansi-language: EN-GB"><o:p><STRONG><FONT face=Arial
size=3>"Commercial Real Estate Trends: Is there a Disconnect between Capital
Markets and Space
Markets?"</FONT></STRONG></o:p></SPAN></P></DIV></DIV></DIV></DIV>
<DIV>
<P class=MsoNormal
style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"
align=left><SPAN lang=EN-GB style="mso-ansi-language: EN-GB"><FONT face=Arial
size=3>The decline of real estate yields <SPAN
class=689441113-25042003>de</SPAN>spite increasing vacancy rates will be
discussed <SPAN class=689441113-25042003>at the Frankfurt, Germany
FIRE.</SPAN> After the panel discussion, attendees are invited to a
cocktail reception, an opportunity to further discuss the topic
with guests and panelists. CRE alums are invited to attend. For
more information, visit the Center's web site at the following
URL: </FONT><A
href="http://web.mit.edu/cre/events/events/ontheroad04.html"><FONT
face=Arial><FONT size=3><SPAN class=689441113-25042003><FONT
color=#000000> </FONT></SPAN>http://web.mit.edu/cre/events/events/ontheroad04.html</FONT></FONT></A><FONT
face=Arial><FONT size=3>.<SPAN
class=689441113-25042003></SPAN></FONT></FONT></SPAN></P>
<P class=MsoNormal
style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><SPAN
lang=EN-GB style="mso-ansi-language: EN-GB"><FONT face=Arial
size=3></FONT></SPAN> </P>
<P class=MsoNormal
style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><SPAN
lang=EN-GB style="mso-ansi-language: EN-GB"><FONT face=Arial
size=3></FONT></SPAN> </P>
<P class=MsoNormal
style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><SPAN
lang=EN-GB style="mso-ansi-language: EN-GB"><FONT face=Arial
size=3></FONT></SPAN> </P>
<P class=MsoNormal
style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><SPAN
lang=EN-GB style="mso-ansi-language: EN-GB"><FONT face=Arial
size=3></FONT></SPAN> </P><SPAN lang=EN-GB
style="mso-ansi-language: EN-GB">
<P class=MsoNormal
style="MARGIN: 0in 0in 6pt; mso-layout-grid-align: none; mso-pagination: none"><SPAN
style="FONT-SIZE: 10pt; COLOR: white; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><FONT
color=#000000><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><FONT size=4><STRONG>PUBLIC SECTOR AWARD
ANNOUNCED<BR></STRONG><EM><FONT color=#0000ff>Rebecca Asser, CRE '04, Project
Manager, New York City Economic Development
Corporation</FONT></EM></FONT></SPAN></SPAN></SPAN></SPAN></FONT></SPAN></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 6pt; mso-layout-grid-align: none; mso-pagination: none"><SPAN
style="FONT-SIZE: 10pt; COLOR: white; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><FONT
color=#000000><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003></SPAN></SPAN></SPAN></SPAN></FONT></SPAN> </P>
<P class=MsoNormal
style="MARGIN: 0in 0in 6pt; mso-layout-grid-align: none; mso-pagination: none"><SPAN
style="FONT-SIZE: 10pt; COLOR: white; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><SPAN
class=204292914-19072004><SPAN class=689441113-25042003><FONT size=4><SPAN
lang=DE
style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: DE; mso-fareast-language: KO; mso-bidi-language: AR-SA"><SPAN
style="mso-field-code: ' MERGEFIELD Abteilung '"><SPAN
style="mso-no-proof: yes"><FONT size=3><FONT color=#000000>The Center recently
announced that Rebecca Asser, Project Manager with the New York City Economic
Development Corporation (</FONT><A href="http://www.nycedc.org"><FONT
color=#000000>www.nycedc.org</FONT></A><FONT color=#000000>), is the
2004-2005 recipient of the MIT/CRE Public Sector Award. The New York
City Economic Development Corporation's mission is to encourage and be the
catalyst for economic growth in each of the City's five boroughs<FONT
size=2>, and </FONT>Rebecca is working on a diverse collection of
projects: a school in Lower Manhattan, green space along the East River
Waterfront, the sale of city property, the development of a mixed-use project by
ForestCityRatner, and the redevelopment of the Farley Building. We
know that her MIT/CRE education will come in handy. <FONT
face="Arial, Helvetica, sans-serif" size=2> <FONT size=3> Congratulations
Rebecca!</FONT></FONT></FONT></P></FONT></SPAN></SPAN></SPAN></FONT></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN><SPAN
lang=EN-GB style="mso-ansi-language: EN-GB">
<DIV><SPAN class=689441113-25042003><FONT size=3><SPAN
class=689441113-25042003><SPAN class=204292914-19072004>
<DIV><SPAN class=689441113-25042003><SPAN class=204292914-19072004><STRONG><FONT
face=Arial></FONT></STRONG></SPAN></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><SPAN class=204292914-19072004><STRONG><FONT
face=Arial size=4></FONT></STRONG></SPAN></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><SPAN class=204292914-19072004><STRONG><FONT
face=Arial size=4></FONT></STRONG></SPAN></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><SPAN class=204292914-19072004><STRONG><FONT
face=Arial size=4>ALUMNI CALL FOR
HELP!</FONT></STRONG></SPAN></SPAN></DIV></DIV>
<DIV><SPAN class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003>
<DIV><SPAN class=689441113-25042003><SPAN class=689441113-25042003><FONT size=3>
<DIV>
<P class=MsoNormal
style="MARGIN: 0in 0in 6pt; mso-layout-grid-align: none; mso-pagination: none"><SPAN
style="FONT-SIZE: 10pt; COLOR: white; FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><FONT
face=Arial color=#000000><SPAN
class=689441113-25042003></SPAN></FONT></SPAN></P></DIV></FONT></SPAN></SPAN></DIV></SPAN></SPAN></SPAN></DIV><!--StartFragment -->
<DIV class=cite type="cite"><FONT face=Arial color=#000080
size=2></FONT> </DIV>
<DIV class=cite type="cite"><FONT color=#000080><FONT face=Arial>Greg <SPAN
class=689441113-25042003>Derby is lo</SPAN>oking to see if someone has a good
multi-family (apartment) development pro forma in Excel that they are willing to
share. If you have the information, e-mail Greg at </FONT><A
href="mailto:gderby@concordeastridge.com"><FONT
face=Arial>gderby@concordeastridge.com</FONT></A><FONT
face=Arial>.<BR></FONT></FONT><BR><FONT
color=#000080><BR></FONT></DIV></SPAN></SPAN></FONT></SPAN></SPAN>
<P class=MsoNormal
style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><SPAN
lang=EN-GB style="mso-ansi-language: EN-GB"><FONT face=Arial
size=3><o:p></o:p></FONT></SPAN> </P></SPAN></SPAN></DIV>
<DIV><SPAN class=689441113-25042003><SPAN class=204292914-19072004><STRONG><FONT
face=Arial>SAVE THE DATES!</FONT></STRONG></SPAN></SPAN></DIV>
<DIV><FONT face=Arial><SPAN class=689441113-25042003><SPAN
class=204292914-19072004></SPAN></SPAN><SPAN class=689441113-25042003><SPAN
class=204292914-19072004><FONT size=2></FONT></SPAN></SPAN></FONT> </DIV>
<DIV><SPAN class=689441113-25042003><SPAN class=204292914-19072004><FONT size=3>
<DIV><SPAN class=689441113-25042003><SPAN class=204292914-19072004><FONT
face=Arial></FONT></SPAN></SPAN></FONT></SPAN></SPAN><SPAN
class=689441113-25042003><SPAN class=204292914-19072004></SPAN></SPAN><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><FONT
size=3></FONT></SPAN></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><SPAN class=204292914-19072004><FONT
size=3><FONT face=Arial><SPAN class=689441113-25042003><SPAN
class=204292914-19072004><STRONG>CRE FIRE -- San
Francisco</STRONG></SPAN></SPAN><SPAN class=689441113-25042003><SPAN
class=204292914-19072004><FONT size=3><EM>.</EM> Co-sponsored with member
firm, AMB Property Corporation, we look forward to a San Francisco forum on the
impact of technology on the demand for commercial real estate. Keep an eye
on the Center's web site for further
details!</FONT></SPAN></SPAN></FONT></FONT></SPAN></SPAN></DIV>
<DIV><SPAN class=689441113-25042003><SPAN class=204292914-19072004><FONT
face=Arial size=3><SPAN class=689441113-25042003><SPAN
class=204292914-19072004></SPAN></SPAN></FONT></SPAN></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><SPAN class=204292914-19072004><FONT
size=3><SPAN class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><FONT size=3><FONT
face=Arial><SPAN class=689441113-25042003><SPAN
class=204292914-19072004><STRONG>April 2005 -- CRE
FIRE -- Asia</STRONG></SPAN></SPAN><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><FONT
size=3><EM>.</EM> <EM> </EM> Co-sponsored with Merrill Lynch, we are
planning a FIRE event in April in Shanghai. We are very excited
about this engagement and will update you as the details are
confirmed.</FONT></SPAN></SPAN></FONT></FONT></SPAN></SPAN></SPAN></SPAN></FONT></SPAN></SPAN></DIV></DIV>
<DIV><SPAN class=689441113-25042003><SPAN class=204292914-19072004><FONT
face=Arial size=3></FONT></SPAN></SPAN> </DIV>
<DIV><FONT size=3><SPAN class=689441113-25042003><SPAN
class=204292914-19072004><SPAN class=689441113-25042003><SPAN
class=204292914-19072004><FONT size=3><FONT face=Arial><STRONG>May 2005 --
MIT/CRE'S Housing Affordability
Conference</STRONG>.<STRONG> </STRONG>In May, the Center for Real
Estate is sponsoring a conference on housing affordability in the Boston
metropolitan area. The conference will spotlight the findings of work
currently underway by Professor Lynn Fisher and Research Associate Dr. Henry
Pollakowski. The Housing Affordability Initiative is being supported by
the major housing organizations in the Boston area and the conference promises
to be highly informative.</FONT></FONT></SPAN></SPAN></SPAN></SPAN></FONT></DIV>
<DIV><SPAN class=689441113-25042003><SPAN class=204292914-19072004><FONT
face=Arial size=3></FONT></SPAN></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><FONT face=Arial size=3><SPAN
class=689441113-25042003><SPAN
class=204292914-19072004></SPAN></SPAN></FONT></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><FONT size=3><SPAN
class=689441113-25042003><SPAN class=204292914-19072004>
<DIV><BR><FONT face=Arial
color=#000080></FONT> </DIV></DIV></SPAN></SPAN></FONT></SPAN><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><FONT size=3><FONT
size=2><FONT size=4><SPAN
class=204292914-19072004><STRONG></STRONG></SPAN></FONT></FONT></FONT></SPAN></SPAN></FONT></SPAN><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><FONT size=2><SPAN
class=689441113-25042003></SPAN></FONT></SPAN>
<DIV></SPAN></SPAN>
<DIV dir=ltr></SPAN></SPAN><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><FONT
face=Arial><U><STRONG>Reminders and Notices</STRONG></U> </FONT></DIV>
<UL>
<LI><SPAN class=689441113-25042003><!--StartFragment --><STRONG><FONT
face=Arial size=2>Support the Center for Real Estate (</FONT></STRONG><A
title=http://web.mit.edu/giving/priorities/schools/architecture/cre.html
href="http://web.mit.edu/giving/priorities/schools/architecture/cre.html"><FONT
title=http://web.mit.edu/giving/priorities/schools/architecture/cre.html
face=Arial color=#000000
size=2>http://web.mit.edu/giving/priorities/schools/architecture/cre.html</FONT></A><FONT
size=2><FONT face=Arial><STRONG>). </STRONG> The need for funding
to support the "new vision" of the Center is ongoing. Please
continue your support!</FONT></FONT></SPAN><FONT face=Arial> </FONT>
<LI><FONT size=2><SPAN class=689441113-25042003><FONT face=Arial><FONT
color=#ff0000><EM><STRONG>Center for Real Estate <U>Alumni
Directory</U></STRONG>. The 2005 Directory has been
completed</EM></FONT>! To request an electronic copy of the CRE
<U>Alumni Directory</U>, e-mail Marion Cunningham at </FONT><A
href="mailto:marionoc@mit.edu"><FONT face=Arial
color=#000000>marionoc@mit.edu</FONT></A><FONT face=Arial>.</FONT></SPAN><FONT
face=Arial> </FONT></FONT>
<LI><SPAN class=689441113-25042003><STRONG><FONT face=Arial size=2>Join the
Alumni Association of the CRE, AACRE (</FONT></STRONG><A
href="https://alum.mit.edu/smarTrans/user/PayDues.dyn?groupID=189"><FONT
face=Arial color=#000000
size=2>https://alum.mit.edu/smarTrans/user/PayDues.dyn?</FONT></A><FONT
face=Arial><FONT size=2><STRONG>)</STRONG>. Thanks to joining the larger MIT
Alumni Association, CRE Alumni can pay their dues on line. L</FONT><FONT
size=2>og in using your Infinite Connection login. Select the dues type
you'd like to pay from the simple, secure, one-page form. Enter your billing
and credit card information, and your dues are paid for this fiscal year (7/1
to 6/30).<SPAN style="mso-spacerun: yes"> </SPAN>If you would prefer to
complete your membership by mail, go to the CRE alumni web site (<A
href="http://web.mit.edu/cre/alumni/index.html) and download the membership form">http://web.mit.edu/cre/alumni/index.html)
and download the membership form</A>.<SPAN
style="mso-spacerun: yes"> </SPAN></FONT></FONT></SPAN><FONT face=Arial
size=2> </FONT>
<LI><SPAN class=689441113-25042003></SPAN><SPAN
class=689441113-25042003><STRONG><FONT face=Arial size=2>MIT Real Estate
Exchange, MITREX (</FONT></STRONG><A
href="http://cre-mitrex.mit.edu/index.html"><FONT face=Arial color=#000000
size=2>http://cre-mitrex.mit.edu/index.html</FONT></A><FONT size=2><FONT
face=Arial><STRONG>). MITREX</STRONG> is a searchable
database that can be used to find documents of specific interest
and alumni/ae and members with expertise or interests in specific
areas.</FONT></FONT></SPAN><FONT face=Arial><FONT size=2> <SPAN
class=689441113-25042003>Currently, MITREX has 240 members and 232 items that
have been contributed. </SPAN><SPAN class=689441113-25042003>This promises to
be an invaluable tool. </SPAN></FONT> </FONT>
<LI><FONT face=Arial><FONT size=2><STRONG><SPAN
class=689441113-25042003>MIT/CRE </SPAN>Resume Book</STRONG>
(</FONT></FONT><A href="http://web.mit.edu/cre/resumehome.html"><FONT
face=Arial color=#000000
size=2>http://web.mit.edu/cre/resumehome.html</FONT></A><FONT face=Arial
size=2>). <SPAN class=689441113-25042003>T</SPAN>he <SPAN
class=689441113-25042003>Class of 2005 resume book has joined the
</SPAN>Class of 200<SPAN class=689441113-25042003>4</SPAN> resume book on
line. <SPAN class=689441113-25042003>Take a look, o</SPAN><SPAN
class=689441113-25042003>ur students and graduates are impressive</SPAN><SPAN
class=689441113-25042003>!</SPAN> </FONT>
<LI><STRONG><FONT size=2><FONT color=#ff0000><FONT face=Arial><SPAN
class=689441113-25042003><EM>Note New URL!! </EM></SPAN>Job Listings
(</FONT></FONT></FONT></STRONG><A
href="http://web.mit.edu/cre/jobs/index.html"><FONT face=Arial color=#ff0000
size=2>http://web.mit.edu/cre/job<SPAN
class=689441113-25042003>s/index</SPAN>.html</FONT></A><FONT size=2><FONT
face=Arial><STRONG>).</STRONG> Have a job <SPAN
class=689441113-25042003>you want to fill or seeking a new
opportunity</SPAN>? We have the right person<SPAN
class=689441113-25042003> and the right job</SPAN>!
Send your job listings<SPAN class=689441113-25042003> to <A
href="mailto:marionoc@mit.edu"><FONT
color=#000000>marionoc@mit.edu</FONT></A></SPAN> and <SPAN
class=689441113-25042003>they</SPAN> will<SPAN class=689441113-25042003>
be</SPAN> post<SPAN class=689441113-25042003>ed</SPAN><SPAN
class=689441113-25042003>. </SPAN></FONT></FONT><FONT size=2><FONT
face=Arial><SPAN class=689441113-25042003>
<LI><SPAN class=689441113-25042003></SPAN><SPAN class=689441113-25042003><FONT
size=2><FONT face=Arial><STRONG>Update Your </STRONG><STRONG>Alumni Contact
Information (</STRONG></FONT></FONT><A
href="http://web.mit.edu/cre/alumni/alumupdate.html"><FONT face=Arial
color=#000000
size=2>http://web.mit.edu/cre/alumni/alumupdate.html</FONT></A><FONT
size=2><FONT face=Arial><STRONG>).</STRONG> We want to stay in touch and
keep you informed. To help us do so, please use this URL to update your
contact information. </FONT></FONT></SPAN>
<LI><SPAN class=689441113-25042003></SPAN><SPAN class=689441113-25042003><FONT
face=Arial><STRONG><FONT size=2>Alumni Network Services
</FONT></STRONG><STRONG><FONT size=2>(</FONT></STRONG></FONT><A
href="http://alum.mit.edu/index.html"><FONT face=Arial color=#000000
size=2>http://alum.mit.edu/index.html</FONT></A><STRONG><FONT face=Arial
size=2>).</FONT></STRONG></SPAN><FONT size=2><FONT face=Arial> <SPAN
class=689441113-25042003><STRONG> </STRONG>Visit the MIT Alumni Association's
web site to find addresses and contact information for classmates.
</SPAN></FONT></FONT></SPAN></FONT></FONT>
<LI><STRONG><FONT face=Arial size=2>Alumni Projects (</FONT></STRONG><A
href="http://web.mit.edu/cre/alumni/index.html"><FONT face=Arial color=#000000
size=2>http://web.mit.edu/cre/alumni<SPAN
class=689441113-25042003>/index</SPAN>.html</FONT></A><SPAN
class=689441113-25042003></SPAN><FONT size=2><FONT
face=Arial><STRONG> </STRONG><SPAN
class=689441113-25042003><STRONG>and</STRONG> <A
href="http://web.mit.edu/cre/alumni/alumprojects.html and http://web.mit.edu/cre/alumni/index.html"
eudora="autourl"><FONT
color=#000000>http://web.mit.edu/cre/alumni/alumprojects.html </FONT></A></SPAN><STRONG>).</STRONG>
Send <SPAN class=689441113-25042003>me (<A
href="mailto:marionoc@mit.edu"><FONT
color=#000000>marionoc@mit.edu</FONT></A>) n</SPAN>otices of your projects,
publications, promotions, and noteworthy events<SPAN class=689441113-25042003>
for posting on the MIT/CRE web site</SPAN>. <SPAN
class=689441113-25042003> </SPAN> </FONT></FONT></LI></UL></SPAN></SPAN>
<DIV dir=ltr><SPAN class=689441113-25042003><FONT
face=Arial></FONT></SPAN> </DIV>
<DIV dir=ltr><SPAN class=689441113-25042003><FONT face=Arial>Best
regards,</FONT></SPAN></DIV>
<DIV dir=ltr><SPAN class=689441113-25042003><FONT
face=Arial></FONT></SPAN> </DIV><SPAN class=689441113-25042003><FONT
size=2></FONT></SPAN></SPAN><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><FONT size=2></FONT></SPAN></SPAN><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><FONT
size=2></FONT></SPAN></SPAN></DIV>
<DIV><SPAN class=689441113-25042003><SPAN class=689441113-25042003><FONT
face=Arial size=2></FONT></SPAN></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><SPAN class=689441113-25042003><FONT size=2>
<DIV dir=ltr><BR><FONT size=3><FONT face=Arial><EM><STRONG>Marion O.
Cunningham<BR></STRONG></EM>Associate Director<BR>MIT/Center for Real
Estate<BR>77 Massachusetts Avenue<BR>W31-310<BR>Cambridge, MA
02139-4307<BR>Phone: (617)
253-2680<BR>Fax: (617)
258-6991<BR></FONT></FONT><A href="http://web.mit.edu/cre/"
eudora="autourl"><FONT face=Arial color=#000000
size=3>http://web.mit.edu/cre/</FONT></A><BR><BR><FONT face=Arial
size=3><I><STRONG>CRE: 20 Years of Building the
Future</STRONG></I></FONT></FONT></SPAN></DIV></SPAN></SPAN></SPAN></DIV>
<DIV><FONT face=Arial></FONT> </DIV>
<DIV class=Section1>
<P class=MsoAutoSig><o:p><FONT face=Arial> </FONT></o:p></P></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV></BODY></HTML>