MIT Center for Real Estate
Leveraging Science, Developing Innovation
building: mcgovern institute for brain research
Leveraging Science, Developing Innovation
building: mcgovern institute for brain research
The MIT Center for Real Estate will soon be moving to our new home at the heart of the MIT campus!
Through the generous donations of our alumni/ae, we have raised the $1 million needed to make the move a reality, and we're now pressing steadily and rapidly ahead into the construction phase.
This part of the process brings a unique opportunity to integrate the construction phase into our curriculum!
Lecturer Peter Roth ('85) tours the new facility with his MSRED students every two weeks, letting them see the construction process step-by-step in detail, giving them the rare opportunity to see this historic move from the inside out. CLICK HERE TO SEE THE PLANS
The Alumni Association of MIT/CRE is accepting applications to its annual CASE competition from 11/1/11 to 2/10/12.
Last year's CASE sold out, so register early – and get a discount!
For more information
CLICK HERE.
Why a Career in Real Estate? "We shape our buildings and our buildings shape us."
– Winston Churchill
Watch this ONE-MINUTE VIDEO and make the decision of a lifetime...
Two women from MIT/CRE's Class of 2011 were named to receive the Heather Smith Memorial Fellowship. Khadija Oubala and Christina Fenbert were chosen based on factors that included financial need and outstanding career promise.
The Heather Smith Fellowship honors the memory of Heather Smith, a member of the Boston real estate community who was aboard American Airlines Flight 11 on September 11, 2001.
PDI attendance rebounds in 2011. Exciting new courses for 2011 included:
Stay tuned for 2012 schedule. It will be posted in early December.
To sustain our work into the 21st century, MIT/CRE has established a variety of Giving Funds, some targeting specific programs and some supporting Center activities in general. Learn how your contributions can help.
Professor David Geltner won the prestigious James A. Graaskamp Award, making MIT the only academic program anywhere to have two recipients on the same faculty (Professor Bill Wheaton shared the award in 2007). Presented at the Pension Real Estate Association Conference, the Graaskamp Award honors important research in the area of institutional investment in real estate. Learn more...
In a recent Fortune / CNN article, MIT/CRE Professor Bill Wheaton and Harvard's Kenneth Rogoff propose that the government should facilitate particular mortgage write-downs in exchange for claims on a percentage of future appreciation – potentially making it a win for under-water homeowners as well as for lenders and investors. Read article...
Posted September, 2011
As of the second quarter of 2011 the TBI is being published by NCREIF. Click the "More Information" link above for more about the MIT/CRE-NCREIF transfer.
— Click here for the latest Press Release
— Click here for more on the TBI
During the worst recession in living memory, The Blackstone Group has not only gone public, but it has expanded dramatically into global markets. How has the company weathered the downturn so successfully? On April 20th, as part of MIT/CRE's Leaders in Real Estate lecture series, Senior Managing Director Michael Nash shared the principles and practices that have guided his firm. Read article....
Sandeep Mathrani, CEO of General Growth Properties, addressed a large audience of MIT/CRE students and faculty at the Media Lab on March 11. Mathrani spoke at one of the Center's popular Leaders in Real Estate luncheons.
Read article...
MIT/CRE Founder Dies at 84 MIT/CRE founding chairman Charles Spaulding ('51) passed away on November 24th, Thanksgiving Day, at the age of 84. "Hank" Spaulding founded the MIT Center for Real Estate in 1985, launching an innovative graduate education and research program that offered the world's first one-year Masters of Science in Real Estate Development (MSRED) degree. Learn more...
AACRE Makes the CASEThe Alumni Association of the MIT Center for Real Estate (AACRE) is now accepting applications to its CASE competition. This annual challenge gives teams of graduate students in real estate a chance to compete and learn via their analysis of a complex real-world development project. The competition sold out in 2011, with 16 teams from across the US and Canada competing, so register early for 2012. Learn more...
The short answer is that we're mighty close! As reported by Wall Street Journal blogger Dawn Wotapka, the 1K House project – brainchild of MIT/CRE Chairman Tony Ciochetti – has been implemented in China by MIT Department of Architecture grad Ying chee Chui. Read Wall Street Journal blog and see MIT News Office article.
Alums Deliver One-Two PunchMIT/CRE's Alumni Association (AACRE) pulled no punches this spring, producing two separate real estate events back-to-back. The first, on March 31st, was AACRE's annual Case Competition, pitting teams of real estate grad students from across the US against each other to find the nation's best. The Cornell team won this year, with MIT/CRE taking second, and Columbia taking third. Read press release...
The knockout event, on April 1st, was indeed a first. AACRE co-produced with MIT's Sloan Real Estate Club the first MIT Real Estate Symposium, bringing together nearly 160 researchers and industry practitioners from around the region to discuss distressed deals, capital structures, derivatives, and much more – a TKO! See agenda...
Ciochetti Journeys East with Glad TidingsEven at 500+ miles per hour, a flight to the Far East can take the better part of a day. But MIT Center Chairman Tony Ciochetti welcomes this time to think, work, and prepare – especially true for this multi-city trip, in which the Chairman bears exciting news about the future of the Center. Read article...
Missed it? Click below for presentations by Professors William Wheaton and David Geltner.
5 "Really Big: Real Estate Questions - William Wheaton
Commercial Property Transaction Price Indices: Some Perspective After the First Five Years - David Geltner
MIT is a leader in fostering collaborative enterprises, with notable acclaim in all of the disciplines that directly impact the built environment — architecture, finance, urban planning, the sciences, and technology.
The 61st floor of the Empire State Building does not boast a famed observatory, like the 86th. And it is 40 floors lower than the stratospheric summit. But it still offers spectacular views that extend from mid-Manhattan across the rivers and far out into the surrounding countryside.
MIT Center for Real Estate
77 Massachusetts Avenue 9-343 Cambridge, MA 02139-4307
T: 617-253-4373
F: 617-258-6991
mit/cre@mit.edu
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