Breaking News
Recovery is Coming, Wheaton Says, But Not Necessarily the Way You Expect It
Posted June 11, 2008
A recovery of the real estate market is "in the works" — that’s the good news from William Wheaton, Professor of Economics with the MIT Center for Real Estate. Wheaton shared his news as keynote speaker for the Center’s annual spring symposium, which drew a large crowd of real estate professionals, alumni, and students to the MIT Faculty Club on May 16. Wheaton stressed, however, that when and how the recovery will occur both remain to be seen. Read full article.
Moodys/REAL Commercial Property Index (CPPI): May Update
May 30, 2008
The latest results of the Moodys/REAL CPPI show a decrease of 2.3% in March for the all properties national index. All four national property sectors are down from their peak prices of 2007 (with peaks in different quarters of last year for different property types). Retail is down the most from its peak, -5.7%, while offices and industrial are down the least, by -2.0% and -2.3% respectively. Apartments are in the middle, with price declines of -3.4% since that asset type's peak a year ago in the first quarter of 2007. Click here for Press Release on MIT-RCA index launch
Transactions-Based Index (TBI):
2008 Q1 Update
May 6 , 2008
Results for the 1st quarter of 2008 show a 2.1% capital return for the properties sold in the NCREIF database. The demand-side index continued to fall, by 4.6 percent, which is the third straight quarterly drop, for a cumulative decline of more than 14 percent versus the mid-2007 peak. However, the supply side of the market raised its reservation prices by 9.2 percent in the first quarter.
Click here for the latest Press Release
Learn more!
Getting a Fix on Derivatives: Geltner Speaks at Institutional Investor Conference
April 22, 2008
If fully realized, the value of the US real estate derivatives market could eclipse $1 trillion. To equip investors with knowledge and tools essential to actively trade property derivatives, Professor David Geltner joined other experts in NYC for a 2-day Institutional Investor intensive. Learn more!
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Fellowship Honors Industry Icon
Blake Eagle has been called the father of the real estate investment industry. He has also been praised for greatly expanding the Center's reach in his tenure as Chairman, meanwhile serving as a devoted mentor to its students. To honor his contributions and to establish a living legacy that supports students of the Center, the Blake Eagle Fellowship Fund has been created to provide tuition support to a candidate for MIT's Master of Science in Real Estate Development. Full story.
Highlights
Jumpstart Your Summer with a Career-Boosting Professional Development Class: Short Courses Forming Now!
2-day classes run June 12 — July 31
Get the jump on summer with a 2-day course in real estate derivatives, sustainability, or any of a number of popular topics in MIT/CRE's Professional Development series. Our classes give busy professionals a fast infusion of new knowledge, practical savvy, and loads of opportunities to network. Find out more!
After 10 Year Wait, Real Options Project Takes the Option: New Article
Updated May 31, 2008
After a decade in operation, Blue Cross/Blue Shield headquarters in downtown Chicago has begun its long-awaited vertical expansion. Among the world's most iconic expressions of real options theory, the building was erected in the 1990s to extend vertically while in full operation. Expansion from 36 to 60 floors is now underway, and the project team visited MIT/CRE to share their innovative solutions to the job's unique challenge. Read new article.
Download Overview (pdf, 146K)
Real Estate Capital Markets: Learn Strategies for Uncertain Times
Friday, May 16, 2008
Real estate capital markets have sailed headfirst into rough seas of softening economic fundamentals, greater risk premiums, and tightening credit. How can capital providers and users thrive? On Friday, May 16th, the MIT Spring Real Estate Symposium presented some of the region's biggest stakeholders as they offered strategies for 2008 and beyond.
Building to Build Community — Lessons from Global Development
Posted March 11, 2008
Few can dispute how profoundly developers and communities affect each other. In different parts of the world, that interplay varies dramatically, as seen by MSRED students in a travel course that took them to Dubai, Istanbul, and London. On February 26th, students presented highlights from that trip with lessons of interest to developers everywhere.
- Read about student presentation
- See travelogue from United Arab Emirates
- See travelogue from Turkey & England
- Read media coverage of trip by the UAE's Khaleej Times and zawya.com
Featured Alumni Project: Clayton Lane Transforms District
July 23 , 2008
Randy Nichols '89 and his Denver-based Nichols Partnership have helped to transform the city's Cherry Creek district with "Clayton Lane" – a 700,000 SF mixed-use development that includes world headquarters for the Janus Capital Group (shown above). Learn more.
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