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

Fri Feb 20 16:18:49 EST 2004

Greetings!

The Eastman Chair Search Committee has met and selected three finalists, all
of whom have visited MIT.  We expect to make a decision soon and will then
move the appointment process through the departmental, school, and Academic
Council levels, with the Chair hopefully in place by the end of the summer.
We have redefined the position of the Eastman Chair to reflect the emphasis
on navigating effectively both the academic and industry environments,
consistent with our strong commitment to bridge the two in all our
activities and programs.  Moreover, given our commitment to building our
research platform, we felt the Center needed a PhD-level Chair who would
participate in research and, therefore, who could more effectively bring
this perspective to industry.  Things are moving at an aggressive clip so
stay tuned.

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 are 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.

AMB PROPERTY CORPORATION
(http://web.mit.edu/cre/events/pdf/B%20FREEDMAN%20021204%20MIT%20FINAL.ppt)

On Friday, February 13th the Class of 2004 was treated to an excellent
overview of the industrial sector.  The overview was provided by Bruce
Freedman, EVP with AMB Property Corporation.   A copy of Mr.. Freedman's
Power Point is available on the MIT/CRE web site:
http://web.mit.edu/cre/events/pdf/B%20FREEDMAN%20021204%20MIT%20FINAL.pp

ALUMNI/AE DEVELOPMENTS

Artist Space Initiative, Boston, MA
Peter Roth '85, President, New Atlantic Development Corporation

New Atlantic was designated developer by the Boston Redevelopment Authority
to redevelop three urban renewal parcels in the South End for a mixed- use
project that includes artist studios and gallery space, affordable artists'
live/work space, and market rate condominiums. This project represents the
first public land disposition related to the Mayor's Artist Space
Initiative. It's a really interesting and unusual project, and Peter is very
excited to have won the competition.  A rendering of the project is on the
CRE web page: http://web.mit.edu/cre/alumni/alumprojects.html

Wall Street Journal, More Wires, More Brands, More Owners (WSJ, 2/9/2004)
(http://web.mit.edu/cre/alumnews.html)
Andrew Henshon, '02 Boston Consulting Group

In the Wall Street Journal's February 9, 2004 article on real estate trends,
CRE graduate Andrew Henshon was quoted regarding the value of branding.  To
read the full article, click here: (http://web.mit.edu/cre/alumnews.html)

SAVE THE DATES

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
fate of tourism and the convention center business.  The program will be
held the morning of Tuesday, April 27th at Boston's Hynes Convention Center.
Additional details will be presented in future e-newsletters and posted on
the Center's web page.

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.

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!

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

During the summer of 2004, the Center will be offering the following
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.. State of the Center.  If you did not receive a copy of David Geltner's
State of the Center report and would like one, contact Rosrin
(rosrin at mit.edu, 617-253-8311).
  b.. Class of 2003 Theses (http://web.mit.edu/cre/research/thesis.html).
Theses are now available on-line.  Take a look!
  c.. 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.
  d.. 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!
  e.. 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.
  f.. Alumni Projects (http://web.mit.edu/cre/alumni.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
-------------- next part --------------
An HTML attachment was scrubbed...
URL: http://mailman.mit.edu/pipermail/crealums/attachments/20040220/3dbf91de/attachment.htm
-------------- next part --------------
A non-text attachment was scrubbed...
Name: not available
Type: image/gif
Size: 4067 bytes
Desc: not available
Url : http://mailman.mit.edu/pipermail/crealums/attachments/20040220/3dbf91de/attachment.gif