| Bank of America Sponsors REC |
 Bank of America recently signed on with The Real Estate Center for as a sustaining sponsor. This partnership was made possible by Breck F. Hanson, the Commercial Real Estate Executive for the Midwest Division. Hanson leads a team of real estate professionals that provide project and corporate finance and comprehensive financial solutions primarily for commercial real estate development companies, private Real Estate Investment Trusts (REITS), and funds. As a new sponsor, Hanson will become a member of the Center's Advisory Committee; his professional experience and expertise will help shape the future programs and projects of The Real Estate Center. |
| Crystal Apple Mentor Award Goes to Susanne Cannon |
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The Illinois Real Estate Journal, along with Commercial Real Estate Executive Women (CREW Chicago), presented and acknowledged the accomplishments of Women in Commercial Real Estate at a luncheon awards program on Wednesday, September 10, 2008 at the University Club. This first annual event awarded women in five categories of achievement.
Susanne Cannon, the Douglas & Cynthia Crocker Endowed Director of The Real Estate Center, was nominated for the Crystal Apple Award for being a mentor to women in the industry. A committee of 14 judges reviewed the nominations and selected Cannon as the recipient. The following women were nominated for this prestigious award:
CRYSTAL APPLE (Mentoring) AWARD
Maggie DeWoskin, ORIX Real Estate Capital, Inc.
Gina Berndt, The Environments Group/ Perkins+Will
Patricia Crumley, Jones Lang LaSalle
Lisa Davidson, Studley
Pamela Dudash, MB Real Estate
Mary K. Fuller, Shepard Schwartz & Harris LLP
Sydney P. Scarborough , Lillibridge Healthcare Services, Inc.
Susanne E. Cannon, DePaul University
Cindy Malone, Chicago Title Insurance Company
Ruth Schoenmeyer, Jenner & Block
Susanne Cannon with Cindy Wozny-Carl, President, CREW Chicago |
| 2008 Fall Reception |
The Real Estate Center hosted its annual back to school  reception on Tuesday, September 9th. Guests were invited to tour the Center's new office space at 14 E. Jackson, Suite 900 before going to the reception held in the concourse level of the DePaul Center. Nearly 200 attendees consisting of alumni, sponsors, students, faculty and staff enjoyed the celebration of the beginning of another new school year. |
| DePaul Real Estate Faculty Participate in International Conferences |
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Real Estate Department faculty were in high-demand this summer. Dr. James Shilling, the Michael J. Horne Chair in Real Estate Studies presented two papers at the AsRES Conference in Shanghai and was elected to the AsRES Board of Directors for a three-year term. At the Shanghai meetings, he also chaired the Best Paper Awards Committee and served as the moderator of an Affordable Housing Panel, which included the following panelists: Yuichiro Kawaguchi, Waseda University (Japan), Kyung-Hwan Kim, Sogang University (Korea), Peter Zorn, Freddie Mac (USA), Hongyu Liu, Tsinghua University (China), Chiuling Lu, Chengchi University (Taiwan), and Geoff Turnbull, Georgia State University (USA). Dr. Susanne Cannon made two presentations at the same meeting in Shanghai: "Managing the Risk of Sustainable Buildings" and "Comparing the Curricula of Master of Science Programs in the US, Europe, and Asia."
 In addition, Dr. Rebel Cole was a "visiting scholar" at the FDIC during the first week of August, meeting with their research staff to discuss research on how real estate markets have led to the current credit crunch. He also presented a paper entitled "Legal origin, creditors' rights and bank lending," which is co-authored with Rima Turk-Ariss of Lebanese American University in Beirut, Lebanon. This is a corporate governance study in the "law and finance" vein of the literature, which looks at how cross-country differences in legal systems explain cross-country differences in financial markets.
The article summary follows:
In this study, we examine bank lending at 2,723 banks in 102 emerging-market countries over the 2000-2006 period. We find that banks take on significantly more portfolio risk (allocating significantly more of their assets to loans) in countries: (i) where they enjoy English or Socialist, rather than French, legal origin, (ii) where enforcement of debt contracts is more efficient, (iii) where banks enjoy fewer restrictions on their activities, and (iv) where the "law and order" tradition of the country is stronger.
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| Midyear Update on Global & Regional Capital Markets |
The Real Estate Center and the Real Estate Investment Association (REIA) will host the annual real estate mid-year update on Global and Regional Capital Markets. One year into the great shakeout, just where are we? Experts will share their thoughts on three different topics.
Chairman: E. James Keledjian, President, REIA
Co-Chairman: Neil Freeman, Director, REIA and President, Aries Capital, Inc.
Co-Chairman: Susanne E. Cannon, Dept. of Real Estate Chairman and Douglas & Cynthia Crocker Endowed Director of The Real Esate Center at DePaul University
1. Global Investment in Turbulent Times
Moderator: Susanne E. Cannon, Dept. of Real Estate Chairman and Douglas & Cynthia Crocker Endowed Director of The Real Esate Center at DePaul University
Panelist: Charles H. Wurtzebach, Managing Director and Property Chief Investment Officer, North America, Henderson Global Investors
2. A Look at one property sector: Hotels
Moderator: Neil Freeman, President, Aries Capital, Inc
Panelist: George Ruff, Senior Principal, Trinity Hotel Investors, LLC
3. The Chicago Region and the Midwest
Moderator: Richard Hanson, Principal, Mesa Development, LLC
Panelists: Terry Rosenberger, EVP/National Real Estate Finance Manager, FBOP Corporation and Breck Hanson, Executive Vice President Midwest Real Estate, Bank of America
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| CCIM & IREM Success Series 2008 |
Now in its third year, the CCIM & IREM Success Series conference is becoming an annual industry destination. Registration is open for Success Series 2008, October 17-18, at the Hilton Chicago. You're invited to join Humorist Dave Barry, Motivational Speaker Alison Levine, and 50 of the best minds in real estate at this unique collaborative event. Plus, you'll have opportunities to talk real estate with more than 1,000 prospective business partners. At last year's Success Series in San Antonio, relationships were forged, deals were done, and money was made! Visit the CCIM & IREM Success Series website for more details.
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| Calendar of Events |
September 18
Midyear Update on Global & Regional Capital Markets
September 22-24
October 17 & 18
November 7
December 8-12
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| Endowment Donors |
| Douglas & Cynthia Crocker
George L. Ruff
Michael J. Horne Education & Healthcare Assistance Foundation
Charles H. Wurtzebach
Studley Inc.: Jacque Ducharme Faculty Fellow Fund |
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