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

Wed Mar 24 08:36:17 EST 2004

Greetings!

April is the kick off for the New Visions Campaign.  To launch this
important initiative, each of you will be receiving a letter from David
Geltner, Director of the MIT Center for Real Estate, and will be contacted
by a member of your class.  The Center stands poised at a pivotal point in
its history and we are calling on the industry, the Institute, and alums to
support the ambitious and aggressive program we are pursuing to firmly
establish the CRE as a world-changing center of collaborative research and
thought leadership for the global real estate community.  As I hope these
e-newsletters have indicated, there is a lot of positive and productive
energy at the Center.  We look forward to continuing to build the future --
together.

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.  You
will receive an e-mail inviting you to join and when you log on, you will be
asked about the types of documents that are of interest to you.  MITREX will
use this information to search its database to find "matches."  However, you
will not be limited to the documents that match your interests.  You will be
able to search the full database.  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 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!

PROF. WHEATON IN DENVER, CO (http://web.mit.edu/cre/news/pdf/denver.pdf)

Professor Wheaton gave the introductory talk at Colorado University's annual
Real Estate Conference in Denver on February 25th.  He was quite pessimistic
about the shor- run state of the market in that area, but felt confident
that the Denver economy could "reinvent" itself once again as it has done so
often in the past. Prior to the meeting, Professor Wheaton dined with a
group of local developers that included CRE alums Randy Nichols and Brint
Davis.  Professor Wheaton's talk is available on the CRE web site:
http://web.mit.edu/cre/news/pdf/denver.pdf.

HEATHER SMITH MEMORIAL FUND PROVIDES FELLOWSHIPS TO HEATHER CLARK (CRE '04)
AND BONNIE CAMPBELL (MCP '04, MSRED '04)

Heather Smith was the fiancee of  CRE graduate Michael Jammen ('97) and
worked as an analyst at Beacon Capital Partners.  Heather was a passenger on
Flight 11, one of the flights overtaken by terrorist attack on September 11,
2001.  The Heather Smith Memorial Fund was founded shortly after September
11by Heather's family, friends, and colleagues.  With the assistance of the
New England Women in Real Estate (NEWIRE), over $200,000 was raised and an
annual fellowship is presented to one or more female graduate students at
the MIT Center for Real Estate.  The recipients of the 2004 Heather Smith
Memorial Fellowship, Heather Clark and Bonnie Campbell, were announced on
February 23rd.  If you would like to support the Heather Smith Memorial
Fund, please send tax deductible gifts to:

Heather Smith Memorial Fund
c/o Mike Jammen
10 Thacher Street #012
Boston, MA 02113

SAVE THE DATES

April 22 - 23, 2004 -- MIT/CRE Coming Your Way:  New York!. 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 next day, April 23rd,  join alums for a breakfast
(8am - 9:30am) meeting at CSFB.  The breakfast will offer a panel discussion
addressing underlying real estate values.  Panelists will include Michael
Fascitelli of Voronado and Barry Sternlicht of Starwood.  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.

April 27, 2004 -- The Future of Boston's Convention Business.  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.  Contact Rosrin Srethapramote(rosrin at mit.edu,
617-253-8311) for more information.

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!  If you would like to help plan the weekend, contact
Marion Cunningham at marionoc at mit.edu or 617-253-2680.  A teleconference is
scheduled for April 6th to discuss the programming and marketing of the
reunion.

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.  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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