From marionoc at MIT.EDU Fri Jun 3 15:02:33 2005 From: marionoc at MIT.EDU (Marion Cunningham) Date: Fri, 3 Jun 2005 15:02:33 -0400 Subject: [Crealums] MIT/CRE E-NEWSLETTER -- June 2005 Message-ID: <200506031902.j53J2YsC006622@outgoing.mit.edu> MITCenter for Real Estate Elite o Visionary o Relevant Greetings! The Alumni/ae E-newsletter will be moving to quarterly production starting July 1st; the next issue will be in late August/early September. Included in this edition of the MIT/CRE Alumni/ae E-newsletter are the following items: * The Year in Review -- Support the Center for Real Estate! * New Additions to MITREX ( http://cre-mitrex.mit.edu/index.html): Documents and Slides from the 1st Annual Housing Affordability Conference * Housing Affordability Initiative ( http://web.mit.edu/cre/research/hai/index.html) * Commercial Real Estate Data Laboratory, CREDL, Working Paper * MIT/CRE on the Move -- New York Trip, Asia FIRE, ICSC, and Class Trip to Europe * Save the Dates! * 2005 Professional Development Courses ( http://web.mit.edu/cre/conted/courses.html) * Reminders and Notices (Alumni Directory, MITREX, Class of 2005 Resume Book, and Job Postings! URL links are also in MITREX) _____ Support the Center for Real Estate and Give Before MIT's Fiscal Year Ends June 30th! http://web.mit.edu/cre/giving/index.html * Successful Fundraising Campaign * Alumni Reunion Weekend * FIRE in Washington, D.C. * Participation in ULI's New York Conference * New Century Cities Symposium * 20th Anniversary Weekend * Housing Affordability Conference * FIRE in Germany * FIRE in China * MITREX launched (293 members!) * Construction Management successfully integrated into MIT/CRE * Three Research Initiatives Launched * PDC's Expanded Last year at this time, the Center was in the midst of the NewVisions Campaign. We were engaged in a joint venture to make the Center a world-class focal point for real estate education, research, and information. The NewVisions Team worked tirelessly and over half of you pledged your support. As a result, we raised over $604,000 in three months! The energy, vision, and commitment that have characterized the past year have been invigorating. As you read this e-newsletter (as well as previous ones), I hope it will become obvious that we are partners; and the Center relies on its graduates to provide access to local markets, to be "ambassadors" representing the Center in the real estate industry, and to offer financial support. Over the last year, we have laid the foundation for great things. We have three active, relevant, diverse research initiatives -- three more than we had a year ago. New Century Cities has placed the Center for Real Estate at the fulcrum of technology and development; while catalyzed by the local economy, the question of affordability and the quality of life are in the center of the radar screen for all cities, and the Housing Affordability Initiative has made the Center a valued voice; and if you sell, buy, or manage real estate, the transactions-based CREDL (Commercial Real Estate Data Laboratory) Index will put you ahead of the appraisal curve. We are not pursuing ivory tower research, we are actively engaged in relevant, timely, rigorous research. Our meetings and conferences are designed to be interactive, informative, and interesting. The New Century Cities (January 2005), Vision-Driven Cities (March 2005), and Housing Affordability (April and May 2005) meetings certainly met all of these requirements. And we are not staying in Cambridge to tell you about the things that we are doing! Our Chairman, Tony Ciochetti, and Director, David Geltner, have traveled to Germany, Santa Fe, Chicago, the United Kingdom, New York, Asia, Washington, D.C., Salt Lake City, and elsewhere to reach out to alums, members, and industry representatives. In each location we have had a FIRE event and/or a smaller gathering. In addition, we are making full use of technology to post videos, Power Points, and papers on our web site and on MITREX so that they are as accessible as possible. The great thing about real estate professionals is that they know how to "mix business with pleasure." The Alumni Reunion Weekend celebrated our newest Spaulding Award winner, Randy Nichols, while providing information about retail real estate, and offering you the opportunity to catch up with old friends and meet some of our newest alums while enjoying cocktails. The 20th Anniversary weekend started out with an invitation to REfresh, REvisit, and REdiscover, offered insights into "Vision Driven Developments", celebrated industry "Visioneers" Hank Spaulding, Gerald Hines and the Hines company, and the Walt Disney Company, and concluded with an alumni/ae brunch. We are doing a great deal. We have done a great deal. And we plan to do even more. Help us continue to "build the future" by supporting the Center financially. To make a gift, visit the following URL: https://giving.mit.edu/givenow/GiftStart.dyn or send your check to Marion Cunningham at the address below: Marion O. Cunningham Managing Director MIT/Center for Real Estate 77 Massachusetts Avenue W31-310 Cambridge, MA 02139-4307 Phone: (617) 253-2680 Thank you in advance for your support of the Center. Together we can do truly great things! _____ MIT/CRE Housing Affordability Initiative http://web.mit.edu/cre/research/hai/index.html 1st Annual Housing Affordability Conference -- May 25, 2005 http://web.mit.edu/cre/research/hai/index.html Anyone living within commuting distance of MIT?and these days that can be quite a distance ? knows the litany: ?Policemen and firemen often can't afford to live in the towns they serve,? said David Geltner, director of MIT?s Center for Real Estate (MIT/CRE). ?Anyone who has kids trying to start out here knows how hard it is to afford a starter home. Bright students graduating from this region's universities are leaving rather than staying, because of the high cost of housing.? Prof. Geltner, opening the May 25 research conference sponsored by MIT/CRE?s Housing Affordability Initiative (HAI), ticked off the familiar list to underscore why MIT/CRE researchers have developed a new way of tracking and evaluating the availability of affordable housing in the Boston metro area. For more information on the HAI conference, visit MITREX or the following URL: http://web.mit.edu/cre/research/hai/conference.html 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 MIT/CRE researchers completed a painstaking study of 7 affordable housing projects in 6 towns in suburban Boston and found that these mixed-income, high-density rental developments?so-called 40B developments?have no adverse effects on nearby property values. The projects studied?two in Littleton and one each in Mansfield, Norwood, Randolph, Wilmington, and Woburn?were deliberately chosen because they included "suburbanites? worst nightmares," some of the most dense and controversial 40B projects completed in Massachusetts between 1980 and 2000. If any projects were going to have a negative effect on local property values, it would be these. For more on the 40B report, visit MITREX or the following URL: http://web.mit.edu/cre/research/hai/40b.html Commercial Real Estate Data Laboratory (CREDL) 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. At the April meeting of the American Real Estate Society (ARES), Drs. David Geltner, Henry Pollakowski, and Jeff Fisher presented a preliminary transaction-based performance index for commercial properties. This work promises to provide an important tool for institutional investors. Get an early look! _____ MIT/CRE on the MOVE The last month has been a buzz of activity and our alums have been at the heart of it! * The Class of 2005 had a phenomenal time in the Big Apple where they met with a number of developers -- The Durst Organization, Hines, Forest City Ratner to name a few -- joined MIT/CRE graduates at St. Barts Cafe (an event organized by Rachel Matthai), and reconnoitered with alums for drinks at McSorley's. * A few weeks later, Chairman Tony Ciochetti was well received when he hit China in a big way. Alums Greg Peng (Merrill Lynch), Hong Wang (Tsinghua University), and Qian Wang (Taurus) arranged for Chairman Ciochetti to moderate a number of panel discussions on global trends in real estate capital markets in Beijing and Shanghai. * While Tony was en route to Cambridge, a group of alums were attending the annual ICSC convention in Las Vegas. The ICSC is an awe-inspiring networking event where the Center's alums had their own "mini meeting". * This week the Class of 2005 is visiting a number of real estate companies and projects in London and Cambridge, England and in Berlin and Frankfurt, Germany. Following visits in the United Kingdom, the class will travel to Germany where MIT/CRE alum Caroline Lange has arranged a number of tours and executive meetings. The trip will include presentations by project managers and executives from companies such as Hines, Stanhope, the Argent Group, Jones Lang LaSalle, and Tishman Speyer. In addition, while in London, the Royal Institute of Chartered Surveyors is hosting a reception for the group. SAVE THE DATES! -- Stay tuned to our web site for updates! http://web.mit.edu/cre ALUMNI/AE REUNION WEEKEND September 29, 2005 - October 2, 2005 CRE FIRE -- Munich, Germany October 14, 2005 2:30pm - 5:00pm http://web.mit.edu/cre/events/events/cre-fire.html Participants: 1. Tony Ciochetti; MIT Real Estate Center 2. Operator Perspective on US REITs 3. Schulte; European Business School 4. Dr. Hans Volckens; Beiten Burkhardt Rechtsanwaltsges m.b.H 5. International Lender Perspective on REITs 6. HypoVereinsbank Representative ? National Lender Perspective 7. Dr. Herbert Grebenc ? Head of BMW Real Estate MIT/CRE OPEN HOUSE October 24, 2005 6:00pm - 8:00pm http://web.mit.edu/cre/events/events/openhouse05.html _____ 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. And remember, members of the AACRE receive a 50% discount on courses so make sure your membership is up-to-date. 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/cre/giving/index.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 293 members and 288 items that have been contributed. 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 (with contact information) to marionoc at mit.edu and they will be posted. * Update Your Alumni Contact Information (http://web.mit.edu/cre/alumni/update.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/20050603/ce68a207/attachment.htm -------------- next part -------------- A non-text attachment was scrubbed... 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