[Crealums] MIT/CRE E-NEWSLETTER -- April 2004

Wed Apr 14 11:17:21 EDT 2004

Elite  o    Visionary    o    Relevant

Included in this edition of the MIT/CRE Alumni/ae E-newsletter:
  a.. Director's Alumni/ae Update
  b.. Spaulding Award Nominations
  c.. MIT Real Estate Exchange
  d.. MIT/CRE Research Initiatives
  e.. MIT/CRE Coming Your Way: New York
  f.. MIT/CRE Coming Your Way: Boston
  g.. MIT/CRE Coming Your Way: Las Vegas
  h.. Save the Dates (Thesis Day 5/25 and Reunion Weekend 9/30-10/2)
  i.. Professional Development Courses
  j.. Reminders and Notices

Greetings!

April marked the kick-off of the NewVisions Campaign.  By now I hope that
all of you have received the letter from David Geltner, Director of the MIT
Center for Real Estate.  Launching this campaign really does represent the
beginning of a new era at the Center.  Our graduates are among the elite;
our research aims are visionary; and our research and academic products are
relevant to the real estate industry.  Our goal is to firmly establish the
CRE as a world-changing center of collaborative research and thought
leadership for the global real estate community.  The Update from the
Director is posted on the Center's web site
(http://web.mit.edu/cre/about/index.html).  I encourage you to take a look!

SPAULDING AWARD NOMINATIONS DUE! Deadline June 15, 2004

The Spaulding Award
This award honors the leadership, energy, and vision Hank Spaulding
personified in his work and through the Center for Real Estate at the
Massachusetts Institute of Technology. It is given to a graduate of the
Center whose work in the industry has enriched the profession and/or who has
demonstrated involvement in the community through service or leadership. It
was established to honor Hank in June, 1991 when he became Chairman Emeritus
of the Center and is now given periodically, approximately every other year.
As Hank said in making the first award to Sarah Abrams, "The winner of this
award is supposed to be successful at what she does, but also do it in a way
that brings honor to the enterprise." To nominate yourself or a CRE
graduate, visit the CRE web site for a nomination form:
http://web.mit.edu/cre/about/pdf/spaulform.pdf.  Nominations are due by June
15, 2004.  The winner will be announced as part of the Alumni Reunion
weekend.

THE DUTCH CONNECTION CONTINUES!

A group from the University of Technology in Eidenhoven, the Netherlands
visited the Center April 12th.  THe members of the group attended Prof. Lynn
Fisher's Housing Markets course and received an overview of United States
real estate markets from Prof. William Wheaton.  In addition, CRE alum
Kristin Blount (CRE '98) and MIT graduate Yanni Tsipis of Meredith & Grew
provided an overview of the Boston real estate market.  The presentations
were followed by a walking tour of the bio-tech and office space at
University Park, a Cambridge-based project developed by member firm, Forest
City Enterprises.

MIT REAL ESTATE EXCHANGE (MITREX) -- offered exclusively to alums and
members!

The MIT Real Estate Exchange will be launched in May 2004 and it promises to
be a key element of the value proposition for alumni/ae.  During its first
phase, MITREX will be the repository for documents relevant to the real
estate industry.  These will be documents provided by the Center, provided
by members, and provided by our alumni.  When we launch MITREX we will have
theses, current power point presentations from industry leaders, links to
key industry organizations, and documents that are relevant to all aspects
of the real estate community.

MITREX will only be available to alums, members, and MIT affiliates.  This
promises to be a phenomenal tool that will only become more relevant and
powerful with time.  Make sure you keep your e-mail address is up to date,
spread the word, and keep any eye out for the introductory e-mail!

MIT/CRE RESEARCH INITIATIVES (http://web.mit.edu/cre/research/index.html)

The CRE faculty is engaged in several research initiatives.  Each of these
initiatives is outlined on the Center's web site.  Topics include the
Workplace of the Future, the development of a Commercial Property Pricing
Index, and studies that look at Single Family Housing Prices, the Term
Structure of Office Leases, and the Degree of Land Use Regulation in
Massachusetts.    Also under development are research programs that assess
housing affordability and ways to incorporate and reflect technology in the
development of urban areas.  If you manage money, develop space, or finance,
acquire, or dispose of properties, these topics are relevant to your work!

MIT/CRE Coming Your Way:  New York!
Understanding Real Estate Values: Fact or Fiction

April 22 - 23, 2004 . On Thursday, April 22nd alums of the Center are
invited to a cocktail reception from 6pm to 8pm.  The reception offers an
informal opportunity to meet David Geltner, members of the Class of 2004,
and to catch up with the New York CRE alumni/ae community.  The location of
the reception is provided below:

  W New York - The Court
Icon Skylight & Garden
130 East 39th Street (Corner of Lexington & 39th Street)
$40  Fee

The next day, April 23rd,  join alums for a breakfast (8am - 9:30am) meeting
at CS First Boston.  The breakfast will include a panel discussion
addressing underlying real estate values.  Confirmed as panelists are Marty
Cohen of Cohen and Steers Capital Management and Stephen Zoukis of
Jamestown.  Details are on the Center's web site
(http://web.mit.edu/cre/events/index.html).  Rachel Matthai (CRE '02) is
organizing the event and can also be contacted for additional details at
rmatthai at alum.mit.edu.

Complimentary admission for the panel discussion on April 23rd, but
registration is required
CS First Boston
11 Madison Avenue, Floor B2 (Corner of Madison and 24th Street)

To register for either or both event, register on the MIT Alumni Association
web site:

Register:
https://alum.mit.edu/smarTrans/user/Register.dyn?eventID=553&groupID=189

MIT/CRE Coming Your Way:  Boston!
The Future of Boston's Convention Business

April 27, 2004.  The Center for Real Estate has joined forces with the
Boston Council of the Urban Land Institute to put together a program on the
state of tourism and the convention center business.  The program will be
held the morning of Tuesday, April 27th at Boston's Hynes Convention Center
and will look at the trends in tourism and conventions on a national scale
and the ramifications for the Hynes locally.  Speakers include Heywood
Sanders (University of Texas), Steven Hacker (International Association for
Exhibition Management), James Rooney (Massachusetts Convention Center
Authority) and Gary Saunders (Back Bay Association).  It promises to be a
lively discussion.  Contact Rosrin Srethapramote(rosrin at mit.edu,
617-253-8311) for more information.  The event is open to the general
public.  To register,  here are the details:

RSVP by Thursday, April 22
Call 1-800-321-5011 (Event Code 8104-0411)
Continental Breakfast Included
Tickets - $50

MIT/CRE Coming Your Way:  Las Vegas!
ICSC MEETING -- A GATHERING OF CRE ALUMS

May 24, 2004.  If you will be attending the International Council of
Shopping Center's annual convention in Las Vegas, you are invited to attend
the CRE reunion.  The group is convening Monday, May 24, 2004 from 6pm until
7:30pm at the House of Blues at Mandalay Bay.  If you would like to attend,
contact Jay Hooper (jhooper at criccapital.com) or Jay Timon
(jtimon at HOTMAIL.COM).

SAVE THE DATES

May 25, 2004.  A webcast of student thesis proposals is planned for Tuesday,
May 25, 2004.  Students will present their thesis ideas for feedback from
the alumni/ae and member communities.  Stephanie Bright will be sending out
details concerning how to tune into the webcast.

September 30 - October 2, 2004.  Next year Alumni Reunion weekend will be
September 30th through October 2nd.  Mark your calendars now and make plans
to visit the Center!  Tours of MIT's state of the art buildings, Simmons
Hall and the Stata Center, are planned; a reception at the MIT Museum is
scheduled, and all alums are invited to graduation to hear Hong-Bin Kang,
former Vice Mayor of Seoul, Korea speak.  If you would like to help plan the
weekend, contact Marion Cunningham at marionoc at mit.edu or 617-253-2680.

PROFESSIONAL DEVELOPMENT COURSES
(http://web.mit.edu/cre/professional/index.html)

During the summer of 2004, the Center will be offering the Professional
Development Courses listed below.  Members of the AACRE receive a 10%
discount.  If you would like to use this as your incentive to join, here is
the URL that lists the membership coordinators:
http://web.mit.edu/cre/alumni/index.html.  We are also pleased to announce
that you can now register on-line! The summer 2004 courses are listed below:

Professional Development Courses
June 14-15
Fundamentals of Real Estate Finance.  This two-day seminar introduces the
basic concepts and tools used by real estate developers, investors, lenders,
architects, and public sector officials to analyze the financial feasibility
of real estate development.

June 16 -17
Real Estate Development.  This course is designed to present the real estate
development process primarily from the perspective of the equity
participant.

June 18
Legal Issues in the Development Process.  Legal Issues in the Development
Process will address the legal issues that arise in acquisitions, financing,
and leasing.

June 21 - 22
Real Estate Markets. The course will provide participants with the latest
perspective and economic research about what forces are currently shaping
cities, and how US real estate markets will likely behave in the decade
ahead.

June 23 - 24
Topics in Real Estate Finance.  Current topics of interest to real estate
professionals will be addressed in this course. Topics will include the
pricing of commercial real estate, the optimal financial structure for real
estate organizations, and investment opportunities in the lower-rated CMBS
market.

June 28 – 29 or July 19 - 20
Portfolio & Asset Management. Portfolio and Asset Management is designed to
provide the student with an overview of the institutional process associated
with the selection, acquisition, management and disposition of real estate
assets.

June 30 - July 1
Affordable Housing Development.  This two-day course will address the
business, legal, and financial aspects of developing affordable housing.

July 2004
Entrepreneurship in the Built Environment.  This one-day seminar will
concentrate on entrepreneurial opportunities in the built environment. The
course will discuss the concepts, skills, information, attitudes, and
resources that entrepreneurs need.

July 15-16
Green Development .This two-day course is designed to give an in-depth
overview as well as a level of hands-on experience related to green
development.

Reminders and Notices
  a.. Class of 2003 Theses (http://web.mit.edu/cre/research/thesis.html).
Theses are now available on-line.  Take a look!
  b.. Updated Alumni Directory Now Available.  The Center has updated the
Alumni Directory.  To get an electronic copy contact Stephanie Bright at
sbright at mit.edu or 617-253-8308.
  c.. Class of 2004 Resume Book (http://web.mit.edu/cre/resumehome.html).
The  Class of 2004 resume book joins the Class of 2003 resume book on line.
Take a look; you will be impressed!
  d.. Note New URL!! Job Listings (http://web.mit.edu/cre/jobs/index.html).
Have a job you want to fill or seeking a new opportunity?  We have the right
person and the right job!  Send your job listings to marionoc at mit.edu and I
will post them.
  e.. Alumni Projects (http://web.mit.edu/cre/alumni/index.html and
http://web.mit.edu/cre/alumni/alumprojects.html  ).  Send me
(marionoc at mit.edu) notices of your projects, publications, promotions, and
noteworthy events for posting on the MIT/CRE web site.
Best regards,

Marion O. Cunningham
Associate Director
MIT/Center for Real Estate
77 Massachusetts Avenue
W31-310
Cambridge, MA   02139-4307
Phone:  (617) 253-2680
Fax:       (617) 258-6991
http://web.mit.edu/cre/

CRE:  20 Years of Building the Future
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