From marionoc at MIT.EDU Thu Dec 14 11:43:15 2006 From: marionoc at MIT.EDU (Marion Cunningham) Date: Thu, 14 Dec 2006 11:43:15 -0500 Subject: [Crealums] MIT/CRE E-NEWSLETTER -- Holiday Edition, December 2006 Message-ID: <00cb01c71f9e$f48a0bd0$7f00ae12@mit.edu> Note: If you can't view this email, please follow this link to view the newsletter: http://amps-tools.mit.edu/cre-alumniblog/ MITCenter for Real Estate Interdisciplinary - Innovative - Industry Relevant - International Greetings! In the tradition of MIT, the Center is committed to bringing to the real estate development process and the real estate industry, the very best that experience and science have to offer, cultivating the enormous potential of the industry to "improve the world by developing better real estate." This is our vision. We must harness the vast resources of other disciplines across MIT - planning, design, engineering systems, finance, management and economics - to integrate with our real estate development curriculum and research. We must reach out to and partner with industry to build their trust and commitment. Our curricular focus, our research focus, our cultivation of our alumni - are all part of our dedication to this vision. December is traditionally a month in which you reflect on the year that has past as you look forward to the year ahead. One thing we plan to do is to continuously articulate our vision ("improve the world by developing better real estate") because our alumni/ae, our enduring partners, are a key component of that vision. Their importance is reflected by their contributions. While the calendar year starts in January, our year begins in September and as we look to the New Year, we would like to say "thank you" to all of the alumni/ae who have made the fall of 2006 outstanding: Alums who have participated in the classroom: . Sarah Abrams . Kristin Blount . Tony Caner . Larry Ellman . Bill Gause . Gregory Hammond . Michael Jammen . David Marvin . Tom Reiner Teaching Assistants . Jong Yoon Lim . Jamie Pennington Alums who played a key role in the organization of student trips to Colorado, Arizona, and Europe, highlights of the student experience . Krystal England . Jeremy Hall . Christopher Kiley . Caroline Lange . Robert Mayhall . Randy Nichols Graduates of the Center who have encouraged, facilitated, participated in, or organized company presentations . Matt Doelger . Greg Gitcho . Mark Goldstein . Michael Harrison . Sean Sacks . Kip Thompson . Jason Vickery MIT/CRE Graduates who have participated in the Center's Professional Development Program aka Career Services Bursting with Real Estate . Josh Anderson . Jen Cookke . Peter McNally . Bryan Shumway . Jay Valenta Alumni/ae Buddies -- Alums who have agreed to be a "buddy" to a current student . Mecky Adnani . Rebecca Asser . Mark Baranski . David Cohan . Jacob Darling . Lisa Davis . Richard Donovan . Matt Foss . Whitney Foutz . Gregg Hammond . Chris Helsabeck . Ted Horton . Ramiro Julio . Chris Kiley . Melissa Kroeger . Tamara Larsen . Lin Li-Williams . David Marks . Rachel Matthai . Abe Menzin . Robert Morgan . Allison Mori . Rae-Ik Park . Chris Perri . David Ritchey . Sean Sacks . Bryan Shumway . Matt Smith . Amanda Strong . Shwetha Subramanian Coordinators, Panelists, and Participants in the Center's Open Houses and Information Sessions Cambridge, MA . Mark Baranski . Scott Butterfield . Walker Collier . Bob Delaney . Abe Menzin . Jamie Pennington New York, NY . Cherie Santos-Wuest . Charles Burkert . Luis Canizo . Romina Padhi San Francisco, CA . Peter Dunne . Ted Horton . Robert Johnson . Alfonzo Leon . Ming Ming Liu . Dan McAdden . Caitlin O'Connor . David Sass . Andy Segal . Kevin Skiles . Jake Wegmann Tokyo, Japan . Rokuhei Hayashi . Kenji Kamio . Takayuki Kiura . Akemi Mizuto . Midori Suzuki London, England . Jason Blank . David Marks . Lin Li-Williams . Nick Spencer AACRE Steering Committee . Aidan Foley . Katie Nash . Linda Pizzuti . Amanda Strong . Jay Valenta . Jani Venter AACRE Holiday Party for Alums, Students and Staff . Charlie Leatherbee . David Provost . Kevin Sheehan I hope I have not missed anyone. If I have, please accept my apologies. Our alums have not only made a difference, they have made all the difference between the best that experience and science have to offer and the "very best." You are helping us to "cultivate the enormous potential of the industry to improve the world by developing better real estate." Thank you and Happy Holidays! Cheryl Christina David Jennifer Maria Marion Tony -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.mit.edu/pipermail/crealums/attachments/20061214/182b05d2/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/20061214/182b05d2/attachment.gif From jboyles at MIT.EDU Wed Dec 20 13:01:45 2006 From: jboyles at MIT.EDU (MIT Center for Real Estate) Date: Wed, 20 Dec 2006 13:01:45 -0500 Subject: [Crealums] New real estate index & derivatives Message-ID: <013601c72460$e99847c0$b000ae12@mit.edu> Dear MIT/CRE Alums: We are pleased to let our alums know about an exciting new development for the real estate industry in which the Center is playing a central role, as part of our industry-relevant research program. The MIT Center for Real Estate will be publishing with monthly updates a new transactions-based commercial property price index that the Center has developed in cooperation with Real Capital Analytics, Inc. (RCA). The new RCA-based index has been sponsored by Real Estate Analytics LLC (REAL) for the purpose of supporting derivatives trading of commercial investment property, such as index return swaps and futures. The RCA-based index is now available on the Center's web site, at: http://web.mit.edu/cre/research/credl/rca.html A white paper describing the new index is downloadable from the above web site. And the press release is available at: http://web.mit.edu/cre/news/061220-rca-index-launch.html The new suite of 29 indexes include monthly, quarterly, and annual frequencies, with coverage at the national, regional, and some MSA levels, for the four major commercial property sectors of apartments, office, industrial, and retail. The RCA-based indexes are the first regularly produced commercial property indexes based on repeat sales of the same properties, the same basic index construction method as the Case-Shiller/S&P housing indexes that underlie the new Chicago Mercantile Exchange housing futures contracts. Such econometrically rigorous index construction methods are necessary to track the same-property price changes that are of the type actually faced by property investors. The End of the Commercial Real Estate Bull Market: Early Evidence. The latest index results provide solid evidence of the magnitude of the 2003-2005 commercial investment property bull market in the United States and indicate that for the broad market the "boom" period ended early this year. From a bottom in February 2002 to a plateau in February 2006, the national aggregate index rose 66 percent. Since then, the flagship monthly index has shown no cumulative gain, the longest period of no net gain since the 2001-2002 recession. The bull market was truly impressive, with no negative month from August 2003 through September 2005. (See chart below.) Have a happy holiday season and a prosperous 2007! -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.mit.edu/pipermail/crealums/attachments/20061220/674a864a/attachment.htm -------------- next part -------------- A non-text attachment was scrubbed... Name: not available Type: image/gif Size: 9398 bytes Desc: not available Url : http://mailman.mit.edu/pipermail/crealums/attachments/20061220/674a864a/attachment.gif -------------- next part -------------- A non-text attachment was scrubbed... Name: not available Type: application/octet-stream Size: 2092 bytes Desc: not available Url : http://mailman.mit.edu/pipermail/crealums/attachments/20061220/674a864a/attachment.obj