From marionoc at MIT.EDU Tue Nov 23 17:41:57 2004 From: marionoc at MIT.EDU (Marion Cunningham) Date: Tue, 23 Nov 2004 17:41:57 -0500 Subject: [Crealums] MIT/CRE E-NEWSLETTER -- November 2004 Message-ID: <200411232242.iANMfw1T024777@outgoing.mit.edu> MITCenter for Real Estate Elite o Visionary o Relevant Greetings! Included in the November edition of the MIT/CRE Alumni/ae E-newsletter are the following items: * CRE is FIREd up! in New York & D.C. * CRE 20th Anniversary, March 18 - 19, 2005 * Update Your Contact Information for the 2005 Alumni Directory ( http://web.mit.edu/cre/alumni/alumupdate.html) * CRE Research Initiatives "Turn the Corner" New Century Cities: http://web.mit.edu/cre/research/newcenturycities.html Affordable Housing Initiative: http://web.mit.edu/cre/research/facprojects/MIT%20Affordability%20Agenda%201 .2.pdf Commercial Real Estate Data Laboratory * Save the Dates -- FIRE events in Europe & Asia * Reminders and Notices (Class of 2005 Resume Book, Job Postings, and MITREX!) MIT/CRE is FIREd UP! AACRE & CRE - New York City Forum on Issues and Innovations in Real Estate (FIRE!) -- Nov. 3, 2004 CRE, Carr Capital & Trammell Crow - Washington, D.C. Forum on Issues and Innovations in Real Estate (FIRE!) -- Nov. 8, 2004 http://web.mit.edu/cre/events/pastevents.html On November 3rd, Center for Real Estate Chairman Tony Ciochetti moderated a panel organized by CRE alums Rachel Matthai and Tamara Larsen and DUSPer Larisa Ortiz and Aaron Koffman. Held in New York City as a part of the Urban Land Institute's annual meeting, the panel discussion and reception were developed as part of the Center's new Forums on Issues and Innovations in Real Estate (FIRE) series. Over 200 MIT alums, ULI members, and students attended the presentation that featured leading planners and architects addressing the City's plans to redevelop the area bound by the Hudson River, Eighth Avenue, 42nd Street, and 28th Street. The panelists were Meta Brunzema (Meta Brunzema Architects), Seth Pinsky (NYC Economic Development Corporation), Vishaan Chakravarti (NYC Dept. of City Planning), and Robert Yaro (Regional Plan Association). The event was a tremendous success. On the heels of the success of the alumni/ae inspired program in New York City, Chairman Ciochetti traveled to Washington, D.C. where he moderated a panel discussion that looked at "The Disconnect Between Space and Capital Markets in Washington, D.C. -- Real or Imagined?" Held at Carr Capital's Willard Intercontinental Hotel and sponsored by Trammell Crow and Carr Capital, this panel featured James Walsh (J. P. Morgan), David Webb (Cushman and Wakefield), Jeff Sherman (Trammell Crow), Michael Zammitti (Cornerstone), and William Wheaton (Torto-Wheaton). Over 50 alums, prospective students, and industry professionals attended this intimate industry function. For those of you interested in the trajectory of the D.C. market, Prof. Wheaton's Power Point presentation is on line (http://web.mit.edu/cre/events/events/pdf/wdc3.pdf). 20th Anniversary Celebration -- Save the Date! MIT/CRE 20th Anniversary -- March 18 - 19, 2005 The Center's 20th Anniversary is scheduled for March 18th and 19th of 2005. The wheels have been in motion for some time and we wanted to give you a peak into the future. The alumni/ae are organizing the gala scheduled for the evening of March 19, 2005 and if you remember the 15th anniversary, you know that the graduates of the Center for Real Estate know how to throw a party! If you would like to be involved in the planning, contact Toby Kramer at toby.kramer at verizon.net. Otherwise, stay tuned for details and whatever you do, save the date! The 2005 Alumni Directory is Coming Soon -- Make Sure Your Information is Up-to-Date! http://web.mit.edu/cre/alumni/alumupdate.html The Center will be updating the Alumni Directory in the next couple of weeks. Make sure your contact information is accurate and up-to-date. To update your information, go to the following URL: http://web.mit.edu/cre/alumni/alumupdate.html. Center for Real Estate Research Initiatives http://web.mit.edu/cre/research/facprojects.html In the April 2004 e-newsletter, I outlined the Center's research direction. In the seven months since, our research agenda has blossomed! The projects we are pursuing cover a range of disciplines and areas of application within real estate, and they all offer synergy between the real world of practice and MIT's faculty and research capabilities. These projects are highly relevant to policy makers, planners, investors, developers, advisors, asset managers, architects, and researchers, among others: * The New Century Cities project is a joint effort of the Center, the City Design & Development group in the DUSP, and the MIT Media Lab. Led by Dennis Frenchman and Michael Joroff, the NCC Project seeks to bring MIT students and faculty together with global thought leaders in three fields of endeavor: Advanced media and information technology, cutting-edge urban planning and design, and pioneering real estate development. These three groups are interacting to create a new type of urban fabric that integrates technology and new social and work patterns into the city. Our initiative focuses on several large-scale mixed-use development projects around the world that are examples of this type of "new century city". The first phase of the program includes a faculty-student seminar this fall, as well as an international conference and working session in January 2005 that will bring to MIT a small group of global thought leaders from each of these three communities. MIT members and students will be invited to this conference. ( http://web.mit.edu/cre/research/newcenturycities.html) * The Housing Affordability Initiative identifies ways in which MIT can make a unique, policy-relevant contribution to the challenge of the high cost of housing in eastern Massachusetts, and by extension, to other areas of the country with high housing costs. This project is being managed by Henry Pollakowski under the direction of a steering committee that includes Professor Langley Keyes of the DUSP, Tod McGrath, Lecturer with the Center for Real Estate, and Class of 2002 alumnus Mark Baranski. We are working with such agencies as the Federal Home Loan Bank Board and the Massachusetts Housing Finance Agency to conduct quantitative studies that may help to cut through the Gordian Knot of the problem of increasing the housing supply in Massachusetts. Initial projects include studies of the effect of high-density mixed-income housing development on price appreciation in surrounding single-family homes, and the development of a multi-dimensional, micro-level housing affordability index that could help policy makers allocate funds and marshal political support for new housing development at the local level. ( http://web.mit.edu/cre/research/facprojects/MIT%20Affordability%20Agenda%201 .2.pdf * The Commercial Real Estate Data Laboratory - CREDL provides a "space" (both virtual and real) for the nurturing of databanks and quantitative tools for the measurement of commercial real estate performance. The idea is to encompass several dimensions of commercial property performance, including investment performance, management or operational performance, and environmental or social performance. For example, one of our alumni, Oliver Carr, suggested an office building lease renewal databank that could increase the industry's understanding of lease renewal performance. An initial MS thesis was done in this area this past summer by Rebecca Asser of the Class of 2004, using data contributed by Walter Page, research head of Equity Office Properties, one of the Center's new members. A major initial project of the CREDL is the development, in cooperation with NCREIF, of an "MIT Index" of commercial property investment performance, similar to the NCREIF Index, but using advanced econometric techniques to base the index on transaction prices instead of appraised values. This MIT Index should be more up-to-date and precise than the NCREIF Index in some ways, and it also allows separate tracking of movements on the demand side and the supply side of the institutional real estate investment marketplace. The intent is for the CRE to regularly produce and publish this index for the benefit of the industry. We are making good progress in all three of these research initiatives. By the end of the academic year we will have an impressive track record that we can point to, something that will be of practical interest to a number of real estate firms in various branches of industry and government. SAVE THE DATES! CRE FIRE -- San Francisco. Co-sponsored with member firm, AMB Property Corporation, we look forward to a San Francisco forum on the impact of technology on the demand for commercial real estate. Keep an eye on the Center's web site for further details! CRE FIRE -- Asia and Germany. Also stay tuned to the e-newsletters and web site for information about 2005 programs in Germany and Asia. We are very excited about these international engagements and will update you as the details are confirmed. March 18 - 19, 2005 -- MIT/CRE'S 20TH ANNIVERSARY BASH. In March, the Center for Real Estate will be celebrating its 20th Anniversary. Included in the festivities will be a NewVisions Gala for both alumni and members and a conference spotlighting the Center's role as a thought leader in the real estate industry. Mark your calendars! Our 20th Anniversary promises to be a landmark and celebratory event! May 2005 -- MIT/CRE'S Housing Affordability Conference. In May of 2005, the Center for Real Estate is sponsoring a conference on housing affordability in the Boston metropolitan area. The conference will spotlight the findings of work currently underway by Professor Lynn Fisher and Research Associate Henry Pollakowski. The Housing Affordability Initiative is being supported by the major housing organizations in the Boston area and the conference promises to be highly informative. Reminders and Notices * Support the Center for Real Estate ( http://web.mit.edu/giving/priorities/schools/architecture/cre.html). The need for funding to support the "new vision" of the Center is ongoing. Please continue your support! * Update Your Alumni Contact Information ( http://web.mit.edu/cre/alumni/alumupdate.html). We want to stay in touch and keep you informed. To help us do so, please use this URL to update your contact information. * Alumni Network Services and Alumni Directory ( http://alum.mit.edu/index.html). Visit the MIT Alumni Association's web site to find addresses and contact information for classmates. To request an electronic copy of the CRE Alumni Directory, e-mail Marion Cunningham at marionoc at mit.edu. * Join the Alumni Association of the CRE, AACRE( https://alum.mit.edu/smarTrans/user/PayDues.dyn?). Thanks to joining the larger MIT Alumni Association, CRE Alumni can pay their dues on line. Log in using your Infinite Connection login. Select the dues type you'd like to pay from the simple, secure, one-page form. Enter your billing and credit card information, and your dues are paid for this fiscal year (7/1 to 6/30). If you would prefer to complete your membership by mail, go to the CRE alumni web site (http://web.mit.edu/cre/alumni/index.html) and download the membership form. * MIT Real Estate Exchange, MITREX ( http://cre-mitrex.mit.edu/index.html). MITREX identifies documents and other MITREX members with similar profiles. A searchable database, MITREX can also be used to find documents of specific interest. This promises to be an invaluable tool for the real estate industry. Keep an eye out for new information. New data is added regularly! * MIT/CRE Resume Book ( http://web.mit.edu/cre/resumehome.html). The Class of 2005 resume book has joined the Class of 2004 resume book on line. Our students and graduates are impressive! * 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 they will be posted. * 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 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.mit.edu/pipermail/crealums/attachments/20041123/814a05ef/attachment.htm -------------- next part -------------- A non-text attachment was scrubbed... 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