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Monday, August 4, 2008
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MIT Center for Real Estate E-newsletter -- August 2008
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VOLUME 1
ISSUE 95
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SPONSOR A REAL ESTATE EXTERNSHIP!
Deadline for Companies is 9/23/2008
Bring the smartest student minds into your workplace this January! The MIT Externship Program pairs MIT undergraduate and graduate students with alumni for job shadowing and intern opportunities over the Independent Activities Period (IAP), January 5-30, 2009. Externships may range in length from one week to the entire length of IAP, depending on the sponsor's needs. We are seeking alumni from a wide spectrum of professional fields who are interested in connecting with the best and brightest current students, increasing awareness of their companies and reconnecting with the MIT student experience.
[FULL STORY]
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MIT/CRE GRADUATION WEEKEND 2008
Graduation Weekend Schedule
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Return to Class!
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Thursday, September 25th
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12:30 - 2:00, William Wheaton, Real Estate Economics
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4:00 - 5:30, Tod McGrath, Real Estate Finance
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Learn Something New &
Celebrate the Alums!
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Friday, September 26th
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11:30 – 12:20, Lunch
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12:30 – 1:00, Tony Ciochetti, State of the Center
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1:10 – 1:40, David Geltner, Research Webcast
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1:50 – 2:50, Student Thesis Presentations ‘08
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3:00 – 4:00, Prof. Rahul Mehrotra, Urban India :
Questions for Urban Design
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4:00 – 5:00, Prof. Judy Layzer, Real-Estate Development in Sustainable Cities
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6:00 – 8:00, Cocktail Reception for the Class of 2008
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7:30 – 9:30, Anniversary Dinner: Classes of 1988 & 1998
(Classes of 1988 & 1998 only)
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Class of 2008 Graduation!
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Saturday, September 27th
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11:00 – 12:30, Graduation,
Keynote Speaker: Emre Camlibel, Soyak Co.
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12:30 - 2:00, Reception
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ALUMNI/AE CONNECTIONS PROGRAM NEEDS YOU
Connect with the Class of 2009!
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For the 2006-2007 academic year we started a new program called "Alumni/ae Buddies". This program has become the "Alumni/ae Connections" program. I am inviting alums to be a point of contact, a "touchstone", for a member of the entering class. During the initial contact the alum could be a sounding board for the student's resume. You could also be a resource in the development class or a bridge to another alum or real estate professional that you think might be helpful in some way. Each alum will be assigned one student. The idea is for the students to get an immediate sense and appreciation for the wonderful alumni/ae network of which they are now a part. To sign up for connecting with a member of the current class, CLICK HERE or e-mail me at marionoc@mit.edu. If you send an e-mail, be sure to outline any preferences you have, for example, gender, country, area of interest, background. Volunteer to make the MIT/CRE connection!
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MIT/CRE'S 25TH CLASS IS HERE!
Meet the Class of 2009
The Center for Real Estate’s 25th class of MSRED students will be arriving at MIT for Orientation on August 18. The class of thirty-three students is comprised of six women and 27 men; the average age is 29; and 14 of the incoming class come from countries such as Turkey, India, Korea, China, the Philippines, Mexico, Singapore, Hong Kong and Japan. Eight of the Class of 2009 have existing graduate degrees in Architecture, Business, and Urban Planning and two are dual degree candidates. In addition to our international students, classmates will be coming from New England and from states such as Idaho, Hawaii, Utah, Florida, and California.
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JOB UPDATES
Recent Additions to MITREX Job Postings
http://cre-mitrex.mit.edu/mitrex/
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The MIT REAL ESTATE EXCHANGE (MITREX)
Recent Additions!
RECENT MITREX UPDATES:
"With an ounce of relief and a pound of pride, you step from your interviewer's office exhilarated that you have made it through yet another step of the job search process. But any good candidate knows that the job interview doesn't end with 'thanks, we'll be in touch.' So, what do you do?"
Innovation begins with questions, and in “MIT style” the goal of the session was to explore the impact on the development process of a new model of for-sale residential development. What is the impact on approvals, financing, construction, marketing/sales, and manufacturing if developers create large blocks of customizable condominiums for potential buyers? What gets approved by municipalities, a total number of units, the number of parking spaces, or something else entirely? Is the risk to banks reduced? Would this reduction be reflected in a lower cost of capital? How do suppliers get product to the developer? What is the role of the architect? Are they needed? What is the impact on construction and the manufacture of the component parts? How are these units marketed? Since buyers can design their interiors, do you focus marketing on the neighborhood, amenities, or on the location in the building/project? These are just some of the questions we pondered during the workshop. Tony Ciochetti, Chairman and Director of the MIT Center for Real Estate, and Kent Larson, Director, Changing Places, in MIT’s Media Lab, designed the session.
The goal of the session was to familiarize participants with some of the financing tools that can be used to achieve development and community objectives. These tools include various tax credits and public financing. An illustrative case was used to bring the points “home”. The workshop was dense with information and quite interesting. Key participants were:
· Beverly Bates, Senior Vice President, The Community Builders
· Andrew Broderick, President , Housing Vermont
· David Cohan, Principal, PeaksCo LLC and CRE '92 & Workshop Organizer
· Michael McDonough, Partner, Murtha Cullina
Stay tuned, theses will be added to MITREX throughout August and September!
If you have not signed up for MITREX, we invite you to do so.
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AACRE NEWS and UPDATES
http://web.mit.edu/cre/alumni/
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AACRE MEMBERSHIP
Have you renewed your AACRE membership? The $50 dues payment provides discounts to AACRE events and a 25% discount on PDCs, now offered year round! 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 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 more information contact Ted Horton at theodorehorton@gmail.com or tedh@antaeus.com.
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REMINDERS AND NOTICES
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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 2007-2008 Version of the MIT/CRE Alumni Directory is 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 online. 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 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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