From marionoc at MIT.EDU Tue Mar 15 14:59:54 2005 From: marionoc at MIT.EDU (Marion Cunningham) Date: Tue, 15 Mar 2005 14:59:54 -0500 Subject: [Crealums] MIT CENTER FOR REAL ESTATE -- 20th ANNIVERSARY WEEKEND TAKES YOU Back to the Future MARCH 18, 2005 Message-ID: <200503151959.j2FJxt0Z027510@outgoing.mit.edu> Greetings! I wanted to take a moment to let you know what is planned for Back to the Future -- REfresh, REvisit, REdiscover. We are delighted to have Larry Bacow as our luncheon speaker. In true Larry fashion, he is working from notes and will not have a prepared text. To catch his pearls of wisdom, I cannot send you an advance copy or promise to post it on the web at the conclusion of the weekend. You have to be there, and if history is any indication, you will not be disappointed! Gloria Schuck's management class has evolved quite a bit, and on Friday she will be discussing Leadership in the Real Estate Industry and will look to alums for "in class" case studies. Dr. Schuck will discuss the definition of leadership, will provide an overview of leadership theory, and will put a couple of alums on the hot seat to talk about their leadership points of view. You will have tough choices because concurrent with Gloria's session is "Technologies that will Change Real Estate" taught by Dennis Frenchman. After transforming homes and workplaces over the past 20 years, digital technology is now appearing in the streets, squares, parks, restaurants, shopping centers, and meeting and entertainment places where much of our civic and social life occurs. In the process, new kinds of real estate products, values, and opportunities are emerging. Dennis's seminar will review the growing interrelationship between digital technology, real estate and design, and "New Century Cities" around the world that are experimenting with these new forms of development. Following those two classes will be two additional sessions -- Building for Tomorrow's Developments Today and "You're the Judge: What are Fair Returns for Real Estate Development?" Everyone's favorite, Tod McGrath, makes you the judge as he articulates David Geltner's model for determining acceptable development returns. The question is, "what incremental return above risk-free Treasury yields is required to compensate a developer for taking on a new project?" You be the judge. Chris Gordon and Jim Becker tackle the issue of Building for Tomorrow's Developments Today from two perspectives -- the impact of digital technologies on the building industry and emerging trends in project development. Jim will look at the ways in which digital technologies are finding their way into the daily transactions of the building industry, and Chris will look at the demand for increased flexibility, sustainability, "smarts", and security and their impact on construction and management. Always a lightening rod for discussion, Bill Wheaton and his partner, Ray Torto, principals in the world renowned real estate firm, Torto Wheaton Research, will close out Back to the Future. Acting in the spirit of Click and Clack of Car Talk fame (also MIT graduates), Ray and Bill will provide a brief summary of where real estate markets are, and where they are likely to be headed. Following their summary, those in attendance are invited to "pick their brains" about literally any real estate topic. Prizes will be given for the most interesting, difficult, and profound questions... So, as you can see, Back to the Future promises to be informative, provocative, and fun. I look forward to seeing you Friday, March 18th to REfresh, REvisit, and REdiscover! Best regards, Marion 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 _____ The NewVisions 20th Anniversary Weekend http://web.mit.edu/cre/events/events/20thanniversary.html We Hope to See You There! Friday, March 18 - Sunday, March 20, 2005 Schedule Friday, March 18 Sponsored by the Alumni/ae: BACK TO THE FUTURE: REfresh, REvisit, REdiscover! Noon - 1:15 - Networking Luncheon and Speech Keynote Speaker -- Lawrence S. Bacow, Ph.D., President, Tufts University 1:45pm -2:45pm Choose between the following TWO SEMINARS (E51-345 and E51-325): . Leadership in the Real Estate Industry -- Gloria Schuck . Technologies that will Change Real Estate -- Dennis Frenchman 3:00pm - 4:00pm Chose between the following TWO SEMINARS (E51-345 and E51-325): . Building for Tomorrow's Developments Today -- Jim Becker and Chris Gordon . You're the Judge: What are Fair Returns on Development Projects -- W. Tod McGrath 4:30pm - 5:30pm CRE'S OWN "CLICK AND CLACK" -- Ray Torto and Bill Wheaton (Location: 10-250) Ray and Bill will provide a brief summary of where real estate markets are, and where they are likely to be headed. Following their summary, those in attendance are invited to "pick their brains" about literally any real estate topic. Prizes will be given for the most interesting, difficult and profound questions........ KEYNOTE SPEECH and RECEPTION 5:45 - 7:00 - Reception and Welcome Address Welcome Address -- Susan Hockfield, Ph.D., President, Massachusetts Institute of Technology Saturday, March 19, 2005 NEW VISIONS CONFERENCE -- Vision Driven Cities - 50 Vassar Street, 4th Floor 8:30 - 9:00 - Welcome 9:00 - 12:00 - Morning Sessions Project #1: Canary Wharf. Columbia University - DR. CAMILLE DOUGLAS Project #2: New Songdo City. The Gale Company - JOHN HYNES / PIETRO DORAN Project #3: University Park. Forest City - GAYLE FARRIS How Ubiquitous Digital Connectivity Adds Value to Floor Space - BILL MITCHELL 12: 15 - 1: 15 - Luncheon Speaker Nobel Laureate, Dr. Phillip A. Sharp, McGovern Institute for Brain Research Dr. Sharp was the co-recipient of the Nobel Prize in Physiology / Medicine in 1993 and co-founder of Biogen 1:30pm - Afternoon Sessions Participants will be asked to work in break out sessions in the afternoon. The following five groups are planned: - Capital Structure and Risk/Return Trade-offs - Partnering and Partnerships, - The Tenant Perspective, - Non-Traditional Dimensions of Value Creation; Branding and Placemaking, 4:00 - 4:30 - Conference Wrap-up NEW VISIONS GALA EXTRAVAGANZA! Park Plaza Hotel and Tower, 64 Arlington Street, Boston * 6:00 - Cocktails * 7:30 - Dinner and Program - Tribute to Hank Spaulding, Co-Founder, MIT Center for Real Estate - Presentation of Visioneer Awards The Walt Disney Company Hines / Gerald D. Hines - Auction * 9:00 - Dancing the Night Away Registration Info On-line registration available at http://web.mit.edu/cre/events/events/20thanniversary.html or by contacting the Industry Liaison, Rosrin Srethapramote, at rosrin at mit.edu / 617-253-8311! -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.mit.edu/pipermail/crealums/attachments/20050315/c8d30db0/attachment.htm -------------- next part -------------- A non-text attachment was scrubbed... Name: not available Type: image/jpeg Size: 45559 bytes Desc: not available Url : http://mailman.mit.edu/pipermail/crealums/attachments/20050315/c8d30db0/attachment.jpg -------------- next part -------------- A non-text attachment was scrubbed... Name: not available Type: image/gif Size: 2637 bytes Desc: not available Url : http://mailman.mit.edu/pipermail/crealums/attachments/20050315/c8d30db0/attachment.gif From marionoc at MIT.EDU Fri Mar 25 15:07:20 2005 From: marionoc at MIT.EDU (Marion Cunningham) Date: Fri, 25 Mar 2005 15:07:20 -0500 Subject: [Crealums] MIT/CRE E-NEWSLETTER --March 2005 Message-ID: <200503252007.j2PK7L0Z007087@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 items: * MIT/CRE 20th Anniversary a Success, The following Power Points have been added to MITREX (http://cre-mitrex.mit.edu/index.html) * User Break Out Notes * Financing Break Out Notes * Torto / Wheaton Power Point * New Songdo City Presentation * University Park Presentation * Bill Mitchell Presentation * The Digital Challenge Presentation * Emerging Trends in Project Development Presentation * Leadership in Real Estate Presentation * New Technologies that Will Change Real Estate Presentation * Gala Power Point of Alumni & Alumni Projects * Privately vs Publicly Held Investment Performance, Real Estate Economics article * Quoting Taka -- MIT/CRE Alum in the News * MIT/CRE Research -- NCC, Thesis * Save the Dates (New York Trip!) * Reminders and Notices (Alumni Directory, MITREX, Class of 2005 Resume Book, and Job Postings! (links also in MITREX) New Visions: The 20th Anniversary Celebration MIT/CRE 20th Anniversary -- March 18 - 20, 2005 http://web.mit.edu/cre/events/events/20thanniversary.html http://cre-mitrex.mit.edu/index.html The Center for Real Estate's 20th Anniversary was memorable, informative, and fun. Back to the Future was a great success with alums from the classes of 1985 through 2004 connecting and re-connecting. Following luncheon words of wisdom by Larry Bacow, Dennis Frenchman and Gloria Schuck started out the education portion of the afternoon by talking about, respectively, technologies that will change real estate and leadership. Both Dennis and Gloria's presentations are posted on MITREX. Following Dennis and Gloria were Tod McGrath discussing fair returns on development and Jim Becker and Chris Gordon on the impact of technology on the building industry. Jim and Chris's presentations are also posted on MITREX, and Tod promises to post his presentation personally. Ray Torto and Bill Wheaton (who was a real trooper, presenting despite pneumonia and a cracked rib!) outlined the 10 questions facing the real estate industry. The first thing you will probably notice about their presentation is that they could not agree on the 10 questions, so 11 are listed. Click and Clack (Ray Torto and Bill Wheaton) and Building for Tomorrow's Developments Today were video taped so keep an eye out for the video as well. On Saturday, attention turned to Vision Driven Cities. We looked at large scale, mixed-use developments in the United Kingdom (Canary Wharf), Korea (New Songdo City), and in the United States (University Park). Each project represented a point in time and a different vision and catalyst for development. Following these case studies, Bill Mitchell presented the case for digital technology's ability to add to the value of a development project. The New Songdo, University Park, and Mitchell presentations are on MITREX. In addition, the entire morning was taped so the video should be available soon. The afternoon was devoted to giving those in attendance an opportunity to synthesize, evaluate, and ponder what they had heard. Notes for these sessions were taken by current students. The four break out groups were -- the User, Financing Considerations (risk and return), Partnering and Partnerships, and Non Traditional Dimensions of Value. Currently, notes for the USERS and the FINANCING break out groups are posted. Notes will be added as they are prepared. Saturday concluded with a gala at the Park Plaza Hotel and Tower where we presented Visioneer Awards to Hank Spaulding, The Walt Disney Company, Hines, and Hines Founder and Founding Member, Gerald D. Hines. Visioneers are described as follows: ... They are visionaries. They are pioneers. And in quintessential MIT tradition they are engineers. Their vision is far-reaching, seeing beyond the horizons of ordinary imaginations. They may often be called dreamers, but never day-dreamers. Their philosophies are practical and their persistence legendary. They are pioneers. The future that they envision exists only in their imaginations until they make it a reality. But they persevere, despite the obstacles and setbacks, through the long years of planning and persuasion. Finally, they are engineers, in the broadest sense of that word: they build their dreams. And in doing so, they change the course of life for countless numbers of people, for communities, and for the organizations that are created and imbued with their indelible spirit. The Gala was a fitting tribute to individuals and companies that have changed the face of real estate. Alums near and far answered the call for project photos and as we dined, danced, and mingled, those projects, along with pictures of many of you from years long gone, were projected throughout the evening. The Power Point is also posted on the MITREX. Closing out the weekend was the Alumni/ae Brunch, a casual, relaxed opportunity for people to say their final good byes. Pictures from the weekend will be posted to the web soon. PJ Yeatman and Mark Moriarty's Real Estate Economics Article on MITREX http://cre-mitrex.mit.edu/index.html "Privately Versus Publicly Held Investment Performance" -- Published in Real Estate Economics, March 2005. Classic asset pricing is problematic as a method to assess privately held asset investment performance. Yeatman, Moriarty, and Riddiough proposed an alternative approach that involves adjusting the characteristics of assets constituting an index or portfolio to match the asset characteristics of a reference index or portfolio. Takayuki Kiura (CRE '00) http://web.mit.edu/cre/alumni/newsprojects.html#news Takayuki Kiura, Class of 2000, is now head and managing director of Heitman Japan. Posted on the web site are recent articles in the Wall Street Journal and New York Times that quote Taka. MIT/CRE Research 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. SAVE THE DATES! The MIT/CRE Class of 2005 is Coming to New York City April 28 & 29, 2005 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 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 25, 2005 -- MIT/CRE'S Housing Affordability Conference. 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. 2005 PROFESSIONAL DEVELOPMENT COURSES The 2005 PDC schedule should be available by April 1, 2005. Stay tuned to the web page -- http://web.mit.edu/cre/conted/index.html 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 has 256 members and 253 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 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 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/20050325/b0671cee/attachment.htm -------------- next part -------------- A non-text attachment was scrubbed... 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