Annual Spring Conference: On Shifting Ground
| This year's annual spring conference, On Shifting Ground: Opportunities and Risks in a Distressed Commercial Real Estate Market, featured two keynote speakers who delved into the complex issues surrounding the current market as it attempts to limp toward recovery. One key issue addressed by both speakers--Dale Anne Reiss, Ernst & Young, and KC Conway, Federal Reserve Bank in Atlanta--is the enormous outstanding debt on commercial properties held by banks. Reiss noted that, "The next big
drag on the economy could come from about $1.7 trillion in commercial property
loans held by banks where tougher underwriting standards and a plunge in
property values will prevent many commercial borrowers from refinancing." The result, according to Conway, is that a high default rate in commercial mortgage-backed securities will increase from 6.59% in 2009 to over 11% by year end in 2010.
Dr. Susanne Cannon with keynote speaker, KC Conway
Keynote speaker, Dale Anne Reiss
Following the two keynote speeches, Dr. Charles Wurtzebach, the George L. Ruff Visiting Professor in Real Estate Studies at DePaul University, moderated a split panel representing perspectives of both credit and equity. An interactive discussion ensued with participation from the following panelists:
Dana
Arrighi, Managing Director, Head of Commercial Real Estate, Jefferies & Company
Ron Borod, Partner, DLA Piper
Jon
Braeutigam, CIO, State of
MI Dept. of Treasury Bureau of Investments
Debra A. Cafaro, Chairman, President & CEO, Ventas
Walter N. Smith, Regional Director -
Midwest, Northwestern Investment Management Company, LLC
Darren J. Tangen, CFO,
ColonyFinancial, Inc.
View the speaker bios here.
The event took place at the Chicago Cultural Center on June 15th.
A special thanks to the event Distinguished Sponsor: Appraisal Institute |
Graduate Students Attend ICSC Conference
|
The Real Estate Center sent six graduate students to RECON:The Global Retail Real Estate Convention hosted by ICSC at the Las Vegas Convention Center from May 23-25. With over 1800 exhibitors and more than 30,000 national and international industry professionals, our students had ample opportunities to network with leading real estate practitioners from around the globe. The students manned a booth that prominently displayed DePaul brochures and recruiting materials, and they also had the chance to meet prospective students as well as a large number of DePaul alumni attending the conference. The Real Estate Center paid for the travel, hotel and registration fees for each of these students and, in so doing, provided an experience that can't be found in the classroom.
The MBA/MSRE students who attended were:
Whitney Bellows
Kevin Down
Brad Emanuel
Michael Heaney
Derek Joseph
Jason Mundy |
Graduation Reception
|
On Tuesday, June 15th, the Real Estate Center celebrated the real estate class of 2010 at the annual graduation reception. Faculty, students and staff attended the event along with members from the DePaul Real Estate Alumni Alliance (DREAA) who welcomed the new alums to join their active network of real estate professionals.
Congratulations class of 2010.
|
|
Join the Conversations on the Real Estate Center Social Networking Websites | |
You no longer have to wait for our monthly newsletter to be up to date with the Real Estate Center. The Real Estate Center has recently joined the social networking movement on both Facebook and LinkedIn. Consider joining these groups to receive up to the minute information about the Real Estate Center.
 
|
|
|
|
|
| Calendar of Events | |
| July 12-16
August 16-20
September 7
Annual Back to School Reception
September 20-24
User Decision Analysis
November 8-12
Investment Analysis
December 6-10
Financial Analysis |
| 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
Robert Weitzman Endowed Scholarship
Kenneth McHugh Endowment Fund |
|
|
