[Crealums] MIT/CRE E-NEWSLETTER -- June 2004
Marion Cunningham
marionoc at MIT.EDU
Thu Jun 24 10:02:36 EDT 2004
Elite o Visionary o Relevant
Included in this edition of the MIT/CRE Alumni/ae E-newsletter:
a.. NewVisions Campaign
(http://web.mit.edu/giving/priorities/schools/architecture/cre.html)
b.. Alumni/ae Reunion Weekend 9/30-10/2
c.. MIT Real Estate Exchange (http://cre-mitrex.mit.edu/index.html)
d.. Thesis Webcast May 25th (http://web.mit.edu/cre/index.html)
e.. Spaulding Award Nominations Due 6/15/2004
f.. Professional Development Courses
g.. Reminders and Notices
Greetings!
In the last year, I have seen the Center grow and change in both big and
small ways. In addition to our usual activities, we have accomplished the
following:
a.. Partnered with the Alumni Association of the CRE (AACRE) to hold
regional events in Miami and New York City.
b.. Organized a curriculum committee that has completed an in-depth review
of the Center’s core courses and started to implement changes to ensure the
core's continued relevance.
c.. Negotiated an increase in MIT’s financial commitment to the CRE.
d.. Organized and launched the NewVisions campaign. To date, we have
raised almost $575,000!
e.. Hired Assistant Professor Lynn Fisher . Prof. Fisher is currently
teaching Real Estate Economics and Housing Markets.
f.. Conducted a search for and hired Brian "Tony" Ciochetti as the Center’
s new Thomas G. Eastman Chairman.
g.. Started the process of restructuring industry membership focusing on a
true value proposition.
h.. Marketed and launched our 2004 summer Professional Development
Courses, with new courses in entrepreneurship, affordable housing, and green
development. We also launched a new on-line registration system for the PDC’
s.
i.. Surveyed the graduates of the Center for Real Estate to get their
input into the Center’s strategic planning process.
j.. Launched the MIT Real Estate Exchange (MITREX), an on-line data
management tool that stores documents relevant to the real estate industry.
k.. Conducted the Center’s first thesis webcast. The webcast highlighted
a sample of the student theses and invited webcast viewers to provide input.
l.. Supported and initiated significant new research projects -- New
Century Cities, the Affordable Housing Initiative, and the Commercial Real
Estate Data Laboratory.
m.. Rescued the Construction Engineering and Management program and
integrated key courses into the Center’s course offerings.
These are just some of our achievements in the past year. Over the next
year, we hope to achieve even more. We have an ambitious program for the
alumni reunion weekend, a research workshop for IAP, and the Center’s 20th
Anniversary conference ("Ground Zero -- MIT/CRE: At the Nexus of the Real
Estate Industry") scheduled for March 2005.
We are reaching out to the alums of the Center for Real Estate and asking
you to help us to continue to grow, to help us in our efforts to be the
foremost source of research and information about the real estate industry
domestically and internationally. If you are a real estate professional,
being able to access information, and people with information, is a
competitive advantage. After all, "knowledge is power".
To grow, the Center needs money and the involvement of our three key
constituents -- graduates, industry, and MIT. Our fundraising goals for
the alumni NewVisions campaign are three-fold:
a.. To raise $500,000 by May 28, 2004. We achieved this goal and have
raised $573,185 to date.
b.. To raise $1.2 million in the overall campaign. We have raised almost
50% of the target amount.
c.. To match or exceed the level of participation for the 15th
anniversary. To date we have an overall participation rate of 44%;
participation for the 15th anniversary was 66%. We are two thirds of the
way there.....
In many ways, our most important goal is our participation goal. We want
everyone to make a gift at some level -- $5 for each of the Center’s 20
years or even better, $25 for each of the Center’s 20 years -- by June 30,
2004. The amount of your gift is important, but it is equally important for
you to give. If each graduate who has not pledged committed to supporting
the Center with a $100 or $500 gift each year for the next five years, the
Center would raise $200,000 to $900,000. These dollars would be used to
support the Center's work, work that is important to our graduates and to
the real estate industry.
Summarized below are the giving and participation levels of each class as of
June 23, 2004:
Class
Cash
Major Gifts Pledges
Total Goal
Gift
% of Goal Achieved
% Class Participation
1985
100,000
50,000
150,000
63,525
42%
43%
1986
100,000
50,000
150,000
34,975
23%
24%
1987
75,000
50,000
125,000
43,550
35%
42%
1988
75,000
25,000
100,000
30,750
31%
14%
1989
60,000
50,000
110,000
99,975
91%
57%
1990
50,000
50,000
15,585
31%
59%
1991
50,000
50,000
4,525
9%
16%
1992
50,000
50,000
100,000
84,110
84%
54%
1993
50,000
25,000
75,000
13,450
18%
10%
1994
50,000
25,000
75,000
51,800
69%
56%
1995
50,000
50,000
18,600
37%
44%
1996
50,000
50,000
2,225
4%
10%
1997
40,000
40,000
22,975
57%
67%
1998
40,000
40,000
17,850
45%
59%
1999
20,000
20,000
17,325
87%
53%
2000
15,000
15,000
15,950
106%
46%
2001
10,000
10,000
17,200
172%
48%
2002
8,000
8,000
13,390
167%
81%
2003
8,000
8,000
5,425
68%
70%
Totals
906,000
325,000
1,231,000
573,185
47%
44%
Some classes have had very little participation in the campaign, while
others have had outstanding levels of involvement. Put or keep your class on
the map! Embrace the vision and support the MIT Center for Real Estate’s
NewVisions campaign
(http://web.mit.edu/giving/priorities/schools/architecture/cre.html).
ALUMNI/AE REUNION WEEKEND -- Save the Dates
September 30 - October 2, 2004. The 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. A more detailed list of activities
will be forthcoming; however, workshops in some of the following areas are
under consideration:
a.. It’s Not Easy Being Green -- Green Development
b.. New Partnerships in Urban Development and Redevelopment
c.. Where the Future of Real Estate Lies—Global Opportunities: A Series of
Diverse Perspectives
d.. New Visions in Research
e.. New Leadership Challenges for the Real Estate Entrepreneur and
Intrapraneur
f.. Going Vertical: The Integration of Construction and Real Estate
Development
MIT REAL ESTATE EXCHANGE (MITREX) -- offered exclusively to alums and
members!
We invite you to join: http://cre-mitrex.mit.edu/index.html
Since launching the MIT Real Estate Exchange on May 14, 2004, 159 people
have joined MITREX! As a graduate of MIT's Center for Real Estate and a
member of the CRE community, this is your opportunity to find out what's
going on at CRE, and connect with others who share an avid interest in real
estate.
Members are free to download documents, contribute documents, or provide
links to documents elsewhere on the web, subject to the MITREX terms of use.
If you have not already done so, I invite you to join MITREX today and begin
to tap into the value of this exchange. The more you participate, the more
you benefit from MITREX --"information that will advance the real estate
industry. "
THESIS WEBCAST, MAY 25, 2004
http://web.mit.edu/webcast/cre/mit-cre-9057-25may2004-56k.ram
On May 25. 2004, the Center had its first thesis webcast. The webcast
featured a broad sampling of the theses being undertaken by members of the
Class of 2004. Students are studying green development, innovative financing
techniques, and lease renewal probabilities. Take a look!
SPAULDING AWARD NOMINATIONS June 15, 2004
The Spaulding Award
This award honors the leadership, energy, and vision Hank Spaulding
personified in his work and through his development of the Center for Real
Estate. 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. 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."
Nominations were due June 15, 2004. The winner will be announced as part of
the Alumni Reunion weekend.
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. For a mere $50, you could save
$150. The AACRE membership coordinators can be reached at this URL:
http://web.mit.edu/cre/alumni/index.html.
We are also pleased to announce that you can now register on-line! The
remaining summer 2004 courses are listed below:
Professional Development Courses
June 28 – 29
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 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.
July 19
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.
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.. Alumni Directory. To get an electronic copy of the Alumni Directory
contact the center at mit-cre at mit.edu or call 617-253-4373.
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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