From marionoc at MIT.EDU Thu Apr 21 16:32:05 2005 From: marionoc at MIT.EDU (Marion Cunningham) Date: Thu, 21 Apr 2005 16:32:05 -0400 Subject: [Crealums] MIT/CRE E-NEWSLETTER -- April 2005 Message-ID: <200504212032.j3LKW6GV016739@outgoing.mit.edu> MITCenter for Real Estate Elite o Visionary o Relevant Greetings! Included in this edition of the MIT/CRE Alumni/ae E-newsletter are the following: * The following Item has been added to MITREX ( http://cre-mitrex.mit.edu/index.html): Transactions-Based Index of Institutional Real Estate Investment * Housing Affordability Initiative (http://web.mit.edu/cre/research/hai/index.html) * Center for Real Estate Data Laboratory, CREDL, Working Paper Announced * 2005 Professional Development Courses (http://web.mit.edu/cre/conted/courses.html) * Save the Dates (New York Trip!, Asia FIRE, ICSC) * Slide Show of Alumni & Alumni Projects (See Also Side Bar, http://web.mit.edu/cre/alumni/index.html) * Reminders and Notices (Alumni Directory, MITREX, Class of 2005 Resume Book, and Job Postings! links are also in MITREX) Housing Affordability Initiative Effects of Mixed-Income, Multi-Family Housing Developments on Single-Family Housing Values -- April 27, 2005 http://web.mit.edu/cre/research/hai/index.html Chapter 40B is a Massachusetts statute that enables developers to obtain state-authorized comprehensive permits in municipalities that are not in compliance with state affordability criteria. Developments seeking comprehensive zoning permits can override local zoning regulations if less than ten percent of the municipality's housing stock is defined as affordable. The ability of developers to circumvent local controls has led to the fear that home values surrounding these 40B developments will decrease. Is this fear based on experience? More specifically, do large-scale, high-density, mixed-income rental developments negatively impact nearby single-family values in suburban Boston communities? -- ("Effects of Mixed-Income, Multi-Family Housing Development on Single-Family Housing Values: Executive Summary") The findings of the Center for Real Estate's inquiry into this topic will be presented and discussed on April 27, 2005 at One Beacon Street. While the event is free, pre-registration is required. To register for the event visit the following URL: http://web.mit.edu/cre/research/hai/index.html. A follow up conference will present additional aspects of the Housing Affordability Initiative's work. This all-day conference is scheduled for May 25, 2005 at MIT. Details will be posted on the Center's web site on April 28, 2005. Center for Real Estate Data Laboratory (CRED) Working Paper Presented at ARES Conference http://cre-mitrex.mit.edu/index.html CREDL is an initiative of the MIT Center for Real Estate. The objective is to provide a ?space? (virtual and real) for the development, refinement, and dissemination of quantitative measures of commercial property performance. This includes any dimension of performance: investment -- operational, economic, engineering, environmental. CREDL is meant to provide a place to gather data, develop methodologies and tools, and provide a forum for analysis and perspective. One of the initial products of CREDL is a quarterly, transaction-based index. The work was presented by Drs. David Geltner, Henry Pollakowski, and Jeff Fisher during the American Real Estate Society's annual meeting in New Mexico. The work is preliminary, but the paper and Power Point presentation "describe and hone a methodology by which a quarterly transactions-based index of property-level investment performance may be regularly produced for the U.S. institutional real estate investment industry. The objective is to produce a series of indices of investment periodic total returns and capital appreciation (or price-changes) for the major property types included in the NCREIF Property Index. These indexes are based on transaction prices so as to avoid appraisal-based sources of index 'smoothing' and lagging bias." (A Quarterly Transactions-Based Index of Institutional Real Estate Investment Performance and Movements in Supply and Demand by Jeff Fisher*, David Geltner**, & Henry Pollakowski*** ) This work promises to be an important tool for institutional investors. Get an early look! Professional Development Courses http://web.mit.edu/cre/conted/courses.html The Center for Real Estate will be offering eight courses as a part of its summer Professional Development program. While the course list includes such stalwarts as "Real Estate Markets" and "Fundamentals of Real Estate Finance," there are a number of new courses as well. "Topics in Real Estate Development" will focus on four topics that are being discussed by virtually every developer -- building for the life sciences, technology and development, sustainable or "green" development, and brownfields. In addition, as an offshoot of the work being done by the Center in housing, we are offering a course that looks at the differences and similarities between the issues of housing affordability and affordable housing. The summer promises to be an exciting time to return to the Center and retool or in the "words" of the 20th Anniversary -- REfresh, REvisit, and REdiscover. SAVE THE DATES! The MIT/CRE Class of 2005 is Coming to New York City April 28 & 29, 2005 http://web.mit.edu/cre/events/events/nytrip2005.html The Center for Real Estate will be conducting its annual visit to New York's investment banks. There will be an alumni/ae reception the evening of Thursday, April 28th at St. Barts Cafe. For more information about the plans, contact Rachel Matthai at rmatthai at alum.mit.edu and/or visit the "events" URL on the Center's web site: http://web.mit.edu/cre/events/index.html. CRE FIRE -- Asia May 17, 18, & 19, 2005 http://web.mit.edu/cre/events/events/cre-fire.html Stay tuned to our web site for updates! * May 17, 2005 Beijing, China -- Sponsored by Merrill Lynch Location: Capital Mansion, Floor 50, 6 Xin Yuan Nan Road, Chao Yang District Topic: Global Trends in Real Estate Capital Markets Time: 6:30pm * May 18, 2005 Tsinghua University (http://www.tsinghua.edu.cn/eng/) Topic: Global Trends in Real Estate Capital Markets Time: 6:30pm * May 19, 2005 Shanghai, China Topic: Global Trends in Real Estate Capital Markets Time: 6:30pm ICSC -- Las Vegas May 23, 2005 Calling all alums! Calling all alums! At 7pm on Monday, May 23rd, a group of MIT/CRE alumni led by Jay Timon ('98), Jay Hooper ('98), and Jake Boyer ('99) will be meeting at The Capital Grille - Las Vegas (http://www.thecapitalgrille.com/Locations/LasVegas/Main.asp?Location=L) for dinner and drinks. In the past these gatherings have been as useful as they have been fun. Interested parties should give Jay Timon a call at 800-277-0606, ext. 205. If you are in Las Vegas on May 23rd, I encourage you to attend! MIT/CRE's Housing Affordability Conference. May 25, 2005 The Center for Real Estate is sponsoring a conference on housing affordability in the Boston metropolitan area. Expanding on the findings released at our April 27th meeting, the conference will spotlight the work currently underway by Professor Lynn Fisher and Research Associate Dr. 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. Slide Show of Alumni & Alumni Projects (See Also Side Bar, http://web.mit.edu/cre/alumni/index.html) One of the most popular MITREX downloads was the Gala Slide Show that was prepared by Marylynn Gentry ('88). In fact, the slide show was so impressive, we decided to make it available for the general public. Visit the alumni web page and take a look! 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! * Center for Real Estate Alumni Directory. The 2005 Directory has been completed! 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?groupID=189). 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 is a searchable database that can be used to find documents of specific interest and alumni/ae and members with expertise or interests in specific areas. Currently, MITREX now has 288 members and 260 items that have been contributed. Membership is growing at an impressive rate; this promises to be an invaluable tool. * 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. Take a look, 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. * 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 ( http://alum.mit.edu/index.html). Visit the MIT Alumni Association's web site to find addresses and contact information for classmates. * 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 Managing 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/20050421/e7684883/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/20050421/e7684883/attachment.gif