TRANSFORM REAL ESTATE WITH YOUR GIFT
The essence of real estate practice is the transformation of space. MIT/CRE and its graduates have been transforming space globally for nearly 25 years, encouraging a culture of sustainability as we meet the challenges of an increasingly complex, interconnected world.
Crossing the boundaries between academic and industry disciplines Ė as well as nations Ė we have pursued innovative solutions that leverage every possible resource at MIT, applying creative approaches that improve the built environment socially, economically, and aesthetically.
This has been possible only with the generous support of our alumni/ae. We are grateful to every graduate who has financially supported our efforts, and as our fiscal year ends, we hope your support will continue.
Please Give Now!
UPCOMING EVENTS: MIT/CRE Professional Development Courses
Alums Receive 10% Discount; AACRE Members Receive 25% Discount
Courses Started in June!
Enroll in the Center for Real Estate's
Summer 2008 Professional Development Institute
Education in the MIT Tradition
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.
RECOVERY is COMING, but not NECESSARILY the WAY YOU EXPECT
AACRE - NAIOP's May Symposium
A recovery of the real estate market is "in the works" ó thatís 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 Centerís 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.
MOODYS/REAL COMMERCIAL PROPERTY INDEX (CPPI)
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.
LANDMARK PROJECT MAKES REAL OPTIONS REAL
After 10 Year Wait, HCSC Takes the Option
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.
Recent Additions to MITREX Job Postings
The MIT REAL ESTATE EXCHANGE (MITREX)
Key Transactions (Reported in May 2008)
Real Estate Information in Japan (June 2008)
A Recovery is in the Works. But, When and to What!
If you haven't already signed up to access MITREX, we invite you to do so.
AACRE News and Updates
Have you renewed your AACRE membership? The $50 dues payment provides discounts to AACRE events and a 25% discount on PDCs! Click to pay dues.
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 email@example.com.
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 more information contact Ted Horton at firstname.lastname@example.org or email@example.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).
The 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.