[Crealums] MIT/CRE E-NEWSLETTER -- February 2005

Fri Feb 18 18:07:23 EST 2005

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 items:

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	CRE 20th Anniversary Program Update, March 18 - 20, 2005
*	

	20th Anniversary Request for Alumni/ae Project Photos
*	

	Bill Wheaton Discusses "Housing Bubbles" on MITREX
*	

	Carr Capital (Oliver Carr, '92, and Clint Fisch, '02) IPO
*	

	MIT/CRE Research (Thesis Ideas, NCC) 

*	

	Save the Dates (Heather Smith Memorial Fellowship, New York Trip!)
*	

	Reminders and Notices (Alumni Directory, MITREX, Class of 2005
Resume Book, and Job Postings!)

New Visions: The 20th Anniversary Celebration -- Program Update
MIT/CRE 20th Anniversary -- March 18 - 20, 2005
 <http://web.mit.edu/cre/events/events/20thanniversary.html>
http://web.mit.edu/cre/events/events/20thanniversary.html

The Center for Real Estate's 20th Anniversary begins with a trip back to the
future to  "REfresh, REvisit, REdiscover".  Along for the trip are some
familiar faces such as Center co-founder, Larry Bacow, former Building Tech
professor, Jim Becker, and MIT's own Fric and Frac, Bill Wheaton and Ray
Torto.  Once back to the present, newly minted MIT President, Dr. Susan
Hockfield, will welcome you the to Center's conference on "Vision Driven
Cities".    

Vision-Driven Cities will examine the ways in which emerging technology
allows an urban area to be created specifically to fulfill a need or vision:
a financial district, a creative community, a logistics hub. At the
conference, the successes and lessons of pioneering work being done in 3
focal cities--New Songdo City outside Seoul, Korea; Canary Wharf in London;
and what has been termed the "Republic of MIT" in Cambridge,
Massachusetts--will be examined and extrapolated to future developments.
The keynote speaker at the conference is Dr. Phillip Sharp, Nobel Laureate,
Institute Professor, and Director of the McGovern Institute for Brain
Research. Dr. Sharp is also a founder of Biogen (now Biogen Idec).  Capping
the conference events, the Center will present its first set of
"Visioneering" awards to Hank Spaulding, CRE's co-founder and pioneering
genius; the Walt Disney Company; and Gerald Hines.   The excitement is
palpable.  I hope you will be a part of it.

A complete agenda for the 20th Anniversary events can be found at
<http://web.mit.edu/cre> http://web.mit.edu/cre.  (Note The preferential
hotel rate at the Hotel @MIT, the University Park Hotel, has been reduced
from $159 to $139 until March 2, 2005!)

New Visions: The 20th Anniversary Celebration -- Project Request
Wanted by March 4, 2005 !

Marylynn Gentry (CRE '88) is putting together a slide show for the Gala that
will showcase alumni projects.  If you have that one, special picture,
(preferably a jpeg), that you would like to share, feel free to email it to
her at  <mailto:gentryriley at comcast.net> gentryriley at comcast.net .  Make
sure you get the information to her by March 4th!

Bill Wheaton's "Housing Bubbles" Presentation on MITREX
http://cre-mitrex.mit.edu/index.html

What is a Real Estate “Bubble”? •Definition A:repeated ups and downs in
prices with the appearance of some predictability, but with no implication
as to cause.–Up and down economic shocks to the Housing market?–Inherent
cyclic dynamic by the market to shocks? •Definition B: a run up in prices
specifically caused by unsustainable beliefs on the part of market
participants. –How to assess? Certainly not with aggregate data.–CSW/FISERV
recent buyer survey. To learn more about "bubbles" log on to MITREX!

Oliver Carr (CRE '92) and Clint Fisch (CRE '92) File REIT IPO
http://web.mit.edu/cre/alumni/newsprojects.html#news

A just-filed REIT IPO -- Columbia Equity Trust (COE) -- will be headed by
Oliver T. Carr, III, whose father is Oliver T. Carr, Jr.  Founded in 1994,
Carr Capital, the predecessor to COE, intends to focus on small-to-medium
size commercial office properties in the Greater Washington, D.C. area.  For
more information about the transaction, visit Alumni News on the Center's
web site.

MIT/CRE Research

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	New Century Cities  (http://web.mit.edu/cre/research/ncc/index.html)
-- The site includes case studies for each of the NCC projects,
presentations from the  "Show Me Yours" technology showcase, and some of the
Power Point slides that were used as part of the panel discussions.    
*	

	Thesis Research
(http://web.mit.edu/cre/membership/pdf/CRE%20Members-Thesis.pdf) --  If you
would like to sponsor a student thesis or have an idea for a
research-related initiative that is relevant to your firm, take a look at
the requirements for a good thesis and give Tony Ciochetti, the Center's new
Chairman, a call at 617-253-4373.

ALUMNI CALL FOR HELP!

Greg Derby is looking to see if someone has a good multi-family (apartment)
development pro forma in Excel that they are willing to share.  If you have
the information, e-mail Greg at  <mailto:gderby at concordeastridge.com>
gderby at concordeastridge.com.

SAVE THE DATES!

Heather Smith Memorial Fellowship Award Ceremony
February 28, 2005 -- Finale Park Plaza; Boston, MA -- 6pm to 8pm

The Heather Smith Memorial Fund was founded shortly after her death as
result of the September 11, 2001 tragedy.  Funded by the contributins of
family, friends, and colleagues, over $200,000 was raised.  In honor of
Heather's legacy, an annual fellowship is presented to a female graduate
student at the MIT Center for Real Estate.  The presentation of the 2005
Heather Smith Memorial Fellowship will take place on Monday, February 28,
2005 from 6:00pm until 8:00pm at Finale Park Plaza (One Columbus Avenue;
Boston, MA).  Tax deductible donations can be made at the door or in advance
by contacting Michael Jammen (CRE '97) at  <mailto:mjammen at comcast.net>
mjammen at comcast.net.

The MIT/CRE Class of 2005 Comes to New York City -- Twice!
March 10, 2005 and April 28/29, 2005

*	March 10, 2005 -- Real estate students from the Center for Real
Estate, Sloan, HBS, and the GSD will hit New York City on Thursday, March
10th and will mark their arrival with a social mixer.  If you would like to
lend your support, contact Vadim Goland at  <mailto:vadim at sloan.mit.edu>
vadim at sloan.mit.edu
*	

	April 28 -29, 2005 -- The Center for Real Estate will be conducting
its annual visit to New York's investment banks.  The event has
traditionally been characterized by a reception the evening of Thursday,
April 28th and a breakfast panel discussion hosted by the New York chapter
of the Alumni Association of the Center for Real Estate the following Friday
(April 29th).  For more information about the plans, contact Rachel Matthai
at  <mailto:rmatthai at alum.mit.edu> rmatthai at alum.mit.edu.

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!

April 2005 -- CRE FIRE -- Asia.   Co-sponsored with Merrill Lynch, we are
planning a FIRE event in April in  Beijing.  We are very excited about this
engagement and will update you as the details are confirmed.

May 2005 -- MIT/CRE'S Housing Affordability Conference.  In May, 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 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.

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! 

*	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  <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
form>   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  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 has
244 members and 234 items that have been contributed. This promises to be an
invaluable tool.   

*	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.  Take a look, 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.  

*	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 ( <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.  

*	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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