MIT/CRE TBI Annoucement

Monday, February 11, 2008 MIT Center for Real Estate E-newsletter -- February 2008   VOLUME 1 ISSUE 73  
TOPICS
ARTICLES in this ISSUE
UPCOMING EVENTS
CONTENTS
YOU ARE INVITED!
FIRE in TEL AVIV!
TRANSACTIONS-BASED INDEX (TBI): 2007 Q4 Update
2008 PROFESSIONAL DEVELOPMENT INSTITUTE
CALLING ALL REAL DEALS! CALLING ALL REAL DEALS!
UPCOMING EVENTS
The MIT REAL ESTATE EXCHANGE (MITREX)
JOB UPDATES
AACRE News and Updates
REMINDERS AND NOTICES
SUBSCRIBE

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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.


 
FIRE in TEL AVIV!
Center Director David Geltner Gives Derivatives Lecture at Tel Aviv University

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.


 
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!

 
2008 PROFESSIONAL DEVELOPMENT INSTITUTE
Summer Course Offerings
http://web.mit.edu/cre/education/profed/courses.ht...

Events

The courses in the Center for Real Estate's summer 2008 Professional Development Institute have been confirmed.  They are listed below.  Alums receive a 10% discount, AACRE members receive a 25% discount, and employees of Partner firms receive a 50% discount.  Stay on the cutting edge and register for a class today!

2008 Summer Session Course List

 

 

Real Estate Executive Series

Four courses targeting the needs of senior executives in the real estate industry form the core of the Executive Series. Designed in response to feedback from senior executives in the real estate industry and tailored to meet their needs, all of the courses are high level and address the complex day-to-day needs of top real estate professionals in a global industry faced with increasing challenges.

 

 

FOR MORE INFORMATION & REGISTRATION
 


 
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.  


 
UPCOMING EVENTS

Wednesday
February 20, 2008
6:00p to 7:30p
Learning from Leaders: Jerry Rappaport, New Boston Fund
W31-301


 

Friday
February 22, 2008
11:00a to 12:30p
International Real Estate
W31-301
lectures/conferences
global/international
Sponsored by: Center for Real Estate

 

Thursday
February 28, 2008
5:00p to 6:30p
MIT Center for Real Estate Information Session - Seoul, Korea
Doran Capital Partners
9/F1, Samwham
98-5 Unni-dong, Chongro-gu
Seoul, Korea
MIT events/clubs
global/international
Sponsored by: Center for Real Estate


Friday

2/29/2008

11a to 12:30p

CAREER RESOURCES: Executive Search, MMA Financial, Alums

W31-301


 

Friday
March 07, 2008
11:00a to 12:30p
Career Profiles: Acquisitions:  Linear Retail, Paradigm Properties, Colony Realty Partners
W31-301
lectures/conferences
career development
Sponsored by: Center for Real Estate

 

Friday
March 14, 2008
10:00a to 1:30p
Real Deal - The Natick Collection


 
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.


 
JOB UPDATES
Recent Additions to MITREX Job Postings
http://cre-mitrex.mit.edu/mitrex/



Use MITREX to access the following job postings:

Project Management Program
at NYCEDC
Posted 2/11/2008
Are you passionate about New York City? Do you want to be a part of a company that is involved...

Senior Project Manager
at
Fidelity
Posted 2/7/2008
As Pembroke Real Estate continues to expand its portfolio of premier properties in high-end...

Corporate Real Estate Senior Manager
at
Deloitte
Posted 2/6/2008
Deloitte Consulting LLP is one of the world's largest and fastest growing management consulting...

Real Estate Research Specialist
at
State Street Associates (SSA)
Posted 2/5/2008
State Street Associates (SSA) is a unique partnership of industry and academia dedicated to...

Financial Analyst
at
Federal Development
Posted 2/1/2008
Job description: We are currently seeking financial analysts in our corporate office...

RETAINED SEARCH - Vice President of Finance
at
Harmeling and Associates
Posted 2/1/2008
The position will report directly to the Chief Financial Officer and has a broad range of...

RETAINED SEARCH: Construction Manager
at
Specialty Consultants Inc.
Posted 1/31/2008
Reports To: Project Manager  Status: Full-time, Exempt   Available:  Immediately...

RETAINED SEARCH: Chief Development Officer
at
ConnectedGroup
Posted 1/31/2008
CLIENT PROFILE: Our clients are the leading integrated real estate developers in the Middle...

RETAINED SEARCH: Development Director / Manager
at
ConnectedGroup
Posted 1/31/2008
CLIENT PROFILE: Our clients are the leading integrated real estate developers in the...

RETAINED SEARCH: SENIOR VICE PRESIDENT, REAL ESTATE
at
Ferguson Partners
Posted 1/30/2008
COMPANY: A wholly owned subsidiary of one of the largest investment management firms, our...

 
For detailed job postings, visit MITREX: 
http://cre-mitrex.mit.edu/mitrex/.
 

 
AACRE News and Updates
http://web.mit.edu/cre/alumni/

AACRE Network 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.
 
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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