New Century Development Conferences, Seminars, and Symposia
Toward a Practical Science of Project Development: Maximizing Value Through Design Flexibility
October 12-13, 2007
For a generation, scholars around the world have been discovering and developing principles, methodologies, and analytical tools in the area of real options and engineering systems analysis techniques that are relevant to design, planning, and decision making regarding large-scale, complex development projects in a world of uncertainty. In addition to real options, related or similar tools and techniques such as decision tree analysis, systems dynamics, and the "design structure matrix," among others, are relevant to these purposes. Scholars have approached this research from two major intellectual perspectives. On the one hand, students of engineering systems have developed practical tools that have found some application or at least serious exploration on the part of practitioners in manufacturing, aerospace, and natural resource extraction industries. On the other hand, financial and urban economists have applied a market equilibrium perspective to potential applications in corporate finance and real estate. In this context, the organizers hope that this symposium will bring these two academic and professional communities together and promote application of development tools and techniques to real estate and infrastructure development projects
New Century Cities Symposium: Real Estate Value in a Digital World
January 18-19, 2005
This symposium brought to MIT a select group of thought-leaders from three synergistic communities: World cities that are implementing large-scale, technology-driven projects, advanced media and information technology firms; and real estate developers who are pioneering these kinds of developments. The symposium was a workshop among these leaders to advance our knowledge and understanding of how such developments work, and how they create value for their sponsors and communities, particularly for large-scale mixed-use projects throughout the world.
New Century Cities Seminar
September - December 2004
The Center for Real Estate, the City Design and Development Group and Smart Cities at the MIT Media Lab co-sponsored a faculty-student seminar, which consisted of six seminar sessions held from September through December 2004. The core group included more than five faculty members, ten students and a teaching assistant. Additional faculty visitors from various MIT departments and visiting speakers contributed frequently throughout the semester bringing real-world examples and theoretical insights to the table. The sessions covered urban design and placemaking, SENSEable city technologies, social value creation, real estate value.
