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

Tue Nov 23 17:41:57 EST 2004

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>
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>
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>
http://web.mit.edu/cre/alumni/alumupdate.html.

Center for Real Estate Research Initiatives
 <http://web.mit.edu/cre/research/facprojects.html>
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>
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%20
1.2.pdf>
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>
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>
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  <http://alum.mit.edu/> Directory
( <http://alum.mit.edu/index.html> 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  <mailto:marionoc at mit.edu>
marionoc at mit.edu. 

*	Join the Alumni Association of the CRE, AACRE(
<https://alum.mit.edu/smarTrans/user/PayDues.dyn?groupID=189>
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)
<http://web.mit.edu/cre/alumni/index.html) and download the membership
formclick> and download the membership form.  

*	MIT Real Estate Exchange, MITREX (
<http://cre-mitrex.mit.edu/index.html>
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>
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>
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  <mailto:marionoc at mit.edu> marionoc at mit.edu and
they will be posted.  

*	Alumni Projects ( <http://web.mit.edu/cre/alumni/index.html>
http://web.mit.edu/cre/alumni/index.html and
<http://web.mit.edu/cre/alumni/alumprojects.html and
http://web.mit.edu/cre/alumni/index.html>
http://web.mit.edu/cre/alumni/alumprojects.html ).  Send me (
<mailto:marionoc at mit.edu> 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/> http://web.mit.edu/cre/

CRE:  20 Years of Building the Future

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