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

Fri Jan 23 15:48:11 EST 2004

HAPPY NEW YEAR!!!

If the start of the new calendar year marks a time to begin anew, then the
Center for Real Estate is off to an excellent start!  On January 9th the
Center held a strategic retreat that was attended by 24 "Friends", members
of industry, alumni/ae, and representatives from a variety of Departments
and Schools at MIT.  Our goal was to agree on a vision and strategic
initiatives related to that vision as the Center for Real Estate looks to
the future.  The participants were engaged and the session was productive.
Continuing to reach out to Center graduates and provide ongoing value to the
alumni/ae community, identifying and cultivating real estate relevant
research throughout MIT, and developing the Center's international
connections are initiatives that were identified and supported by the group.
Stay tuned as Director, David Geltner, further molds these ideas into the
Center's strategic direction!

NEW DEAN FOR SCHOOL OF ARCHITECTURE AND PLANNING
(http://web.mit.edu/newsoffice/tt/2004/jan14/dean.html)

Adele Naude Santos has been announced as the new Dean of MIT's School of
Architecture and Planning.  Ms. Santos will start her tenure as Dean on
February 2nd.   Dean Santos is particularly interested in creating
environmentally sensitive "livable spaces".    For additional information
concerning the career and interests, I direct you to Tech Talk:
http://web.mit.edu/newsoffice/tt/2004/jan14/dean.html.

ALUMNI/AE INITIATIVES

Alumni/ae Survey.  In November David Geltner surveyed the alumni/ae
community regarding their expectations and experience at the Center.  Almost
15% of the alumni/ae responded to the survey.   These respondents indicated
that they chose the MSRED program because of its reputation, real estate
focus, length and because it targeted mid-career real estate professionals.
Alums who responded to the survey felt that it was important for a graduate
real estate program to provide access to industry experts (both faculty and
practitioners) and they felt that the Center delivered on this important
dimension.  However, better post graduate placement assistance and
networking were considered areas where improvements are needed.  If you are
interested in the full report, it is located on the CRE website:
http://web.mit.edu/cre/alumni/pdf/alumnisurvey.pdf

Alumni/ae Forum -- Web-based Document Library.  The Center is working with a
group of alumni/ae to develop a web-based real estate library.  The
"library" would contain documents categorized according to topic, geography,
and/or product type.  Initial postings to the library will be class
presentations and theses, but to maximize the ongoing utility of the library
we hope that alums will provide data and will tell us what types of data are
most useful to them as professionals and lifelong learners.  Examples of the
types of documents alums have identified as useful include pro forma
templates, information regarding market trends, job postings, and legal
documents.  If you have ideas about additional items you would like to see
in such a library, send your ideas to mit-cre at mit.edu.

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.

Banker and Tradesman, Lower Cape Volatility and Average Return Compared to
Three Boston Area Primary Markets (http://web.mit.edu/cre/alumnews.html)
Craig Knight '03, President, Knight Holdings Corp.

In its December 22, 2003 publication, Banker and Tradesman highlighted the
thesis of Craig Knight, a member of the Class of 2003.  In his thesis Craig
investigated the general market perception that the secondary home market
has higher price volatility than the primary home market.  To read the
article, click here: (http://web.mit.edu/cre/alumnews.html)

APPLICATIONS DUE 2/15/2004

Thanks to all of you who have referred prospective applicants to the Center.
This is just a reminder that applications are due February 15, 2004.
Applications are available on-line:  http://web.mit.edu/cre/application.html

SAVE THE DATES

March 11, 2004.  The Center for Real Estate will be making its annual visit
to New York City.  As part of this trip, Prof. David Geltner will be making
a presentation to the New York alumni/ae community.  Keep an eye on the CRE
web site for details.

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!  We are also targeting this period for a signature
event related to the Center for Real Estate's 20th Anniversary.

PROFESSIONAL DEVELOPMENT COURSES

During the summer of 2004, the Center will be offering three new
Professional Development Courses:

Green Development.  This will be a two-day course taught by Bill Browning
('91) and Joyce Lee ('89) during July.  The course is designed to give an
in-depth overview as well as a level of hands-on experience related to green
development.

Legal Issues in the Development Process.  Taught by Elliot Surkin, Managing
Partner, Piper Rudnick, this one-day course will address the legal issues
that arise in acquisitions, financing, and leasing.

Affordable Housing.  This will be a two-day course taught by Stephen Nolan,
Partner, Piper Rudnick.  Mr. Nolan will address the business, legal, and
financial aspects of developing affordable housing.

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/thesis.html).  Thesis
titles are on-line and copies of some of these theses are available on-line
as well.  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.. Job Listings (http://web.mit.edu/cre/jobhome.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/20040123/e48994a2/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/20040123/e48994a2/attachment.gif