YOU ARE INVITED!
IAP International Course Presentation 2/26/08 @6pm
http://web.mit.edu/cre/
Understanding global markets is essential to success in real estate, but true understanding demands on-site visits to see the markets at work. In a 3-credit course running January 12 to 24, 2008, MSRED students traveled to meet major players -- corporate and academic -- in the Dubai, Abu Dhabi, Istanbul and London, visiting innovative developments and modern day architectural wonders of the world.
To find out what the students discovered during their travels. You are invited to the IAP International course presentation on Tuesday, February 26th at 6pm. An informal dinner will be served prior to the presentation.
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FIRE in TEL AVIV!
Center Director David Geltner Gives Derivatives Lecture at Tel Aviv University
by Michael Mack
As a part of the MIT Center for Real Estate's ongoing Forums on Issues and Innovations in Real Estate (FIRE events), Center Director David Geltner presented a talk at Tel Aviv University on January 29th explaining the creation, use, and value of real estate derivatives in today's uncertain markets. Click here to learn more and see Professor Geltner's Power Point presentation.
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TRANSACTIONS-BASED INDEX (TBI): 2007 Q4 Update
Results for the 4th quarter of 2007 show a negative 5% capital return
Results for the 4th quarter of 2007 show a negative 5% capital return for the properties sold in the NCREIF database. This is the second consecutive negative quarterly price change in the all-property TBI, a cumulative fall of more than 7% since the peak in the 2nd quarter of 2007. The investment total return for all properties in the 4th quarter also registered a decline of 4.3 percent. To learn more, click here!
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CALLING ALL REAL DEALS! CALLING ALL REAL DEALS!
Present a Real Deal to the Class of 2008
Our Real Deals series gives students the opportunity to get a "behind-the-scenes" look at the development process. Alums have been an incredible resource for this program. This fall MIT/CRE alums Tim Pattison, Robin Berry, Dan McCadden, Mark Dunne, and Sandi Stroud provided an inside look at the development of the Liberty Hotel in Boston, MA; Sterling Village in Vallejo, CA; and mixed-use development in the Washington, D.C. area.
During presentations students get a good idea of what the development of a project entails and an appreciation for the different perspectives and objectives of each participant. What are the objectives of the land owner, developer, and equity participant and how are they different? In the past, students have mentioned that presenters always say that they learned a great deal from the things that did not go as planned, but often focus on the successful aspects of their projects. Real Deals provide a unique opportunity to prepare students for the good, the bad, and the totally unexpected.
If you would be interested in presenting a "Real Deal," please contact Marion Cunningham at marionoc@mit.edu. This is an opportunity to contribute to the education of the current class while highlighting your achievements.
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The MIT REAL ESTATE EXCHANGE (MITREX)
Recent Additions!
http://cre-mitrex.mit.edu/mitrex/
MITREX UPDATES:
Key Transactions (Reported in January 2008), by Rokuhei Hayashi
Real Estate Information in Japan (February 2008), by Rokuhei Hayashi
Transactions-Based Index (TBI) 2007 4th Quarter Update, by CREDL
The TBI is a transaction based index based on transactions from the properties in the NCREIF Index...
Negotiating the Offer, by MIT Career Office
Tips for successfully negotiating job offers. Robert Richard, Associate Director of Employee...
It's Your Time to Interview, by Career Milestone
Interviewing Workshop presented 1/31/08 by Patty Levy of Career Milestone
ISTANBUL CHAMBER OF COMMERCE - ISTANBUL, by ISTANBUL CHAMBER OF COMMERCE
SOCIO ECONOMIC FIGURES
Note: NEW LOGIN INFORMATION
Please note, user passwords were reset in the process of migrating from MITREX-1 to MITREX-2. Your new password is your e-mail address. Please log into MITREX using your e-mail address as your login. Once logged in, click on "My Profile" and then "Edit My Personal Information" to change your password into something more secure.
If you haven't already signed up to access MITREX, we invite you to do so.
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JOB UPDATES
Recent Additions to MITREX Job Postings
http://cre-mitrex.mit.edu/mitrex/
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AACRE News and Updates
http://web.mit.edu/cre/alumni/
AACRE MEMBERSHIP
Have you renewed your AACRE membership? The $50 dues payment provides discounts to AACRE events! Click to pay dues.
VOLUNTEERS: We need you!
The AACRE needs you! If you are interested in participating in a planning session or on a committee, e-mail jvalenta@alum.mit.edu
Calling all Europe-based Alumni/ae
Do you work with or have an interest in European Real Estate? A network of Europe-based alumni/ae has formed, and their goal is to develop and expand the real estate network. If you are interested in joining the MIT/CRE European network, e-mail Nick Spencer (CRE '03) with your contact details. Nick can be reached at nspencer@alum.mit.edu.
Calling all San Francisco-based Alumni/ae
San Francisco alums have been gathering monthly to eat, catch up on the local commercial property market, and network for almost a year. The next gathering is FEBRUARY 27th 6Pm at Palio d'Asti. For more information contact Ted Horton at theodorehorton@gmail.com or tedh@antaeus.com.
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REMINDERS AND NOTICES
Support the Center for Real Estate. The need for funding to support the "new vision" of the Center is ongoing. Click here to continue your support!
The 2008 Version of the MIT/CRE Alumni Directory is NOW available through MITREX.
Join AACRE, the Alumni Association of the MIT/CRE. Thanks to the MIT Alumni Association, MIT/CRE alumni/ae 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).
NEW! Class of 2008 MIT/CRE Resume Book is now available in MITREX. Take a look, our students and graduates are impressive!
Alumni Network Services. Visit the MIT Alumni Association's web site to find addresses and contact information for classmates.
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