News from The Real Estate Center

Scholarship Program Funds Student Participation in Real Estate Conferences

Graduate students in the Real Estate program have the opportunity to apply for scholarships from the Charles H. Wurtzebach/Marshall Endowed Scholarship Fund that cover the expenses associated with attending real estate conferences both locally and nationally. Most recently, students participated in the ICSC Conference on October 5-6 and the PREA Conference on October 17-19 both hosted in Chicago this year.

icsc

The ICSC Chicago Deal Making Conference took place at Navy Pier and seven graduate students attended the two-day event along with staff and faculty who hosted an information booth in the convention hall. Participating students were: Adam Rybka, David Keane, Brad Joyce, Michelle Lee, Ben Palone, Xiaoyu Gu, Nicole Drewery and Jeremy Teresi.

The 21st Annual PREA Conference was held at the Fairmont Hotel and the ten scholarship recipients were: Adam Rybka, Jeremy Teressi, Erica Champer, Aaron Rosdal, Adam Short, David Keane, David Adams, Ben Palone, Naveed Nabavi and Emily Modick.

Students who received these scholarships were given the opportunity to attend presentations and participate in discussions with leading industry experts gaining knowledge about debt markets, trends in institutional real estate, and retail development dilemmas among other current topics of interest.

Real Estate Faculty Research and Presentations

The faculty in the Department of Real Estate continue to contribute cutting-edge research to the industry. Recent publications include:

Cole

Susanne E. Cannon and Rebel A. Cole. 2011. Changes in REIT liquidity 1998-2007: Evidence from daily data. Journal of Real Estate Finance and Economics 43, 258-280.View the article here.

sec

Susanne E. Cannon and Rebel A. Cole. 2011. How accurate are commercial real-estate appraisals? Evidence from 25 years of NCREIF sales data. Journal of Portfolio Management. View here.

Cannon also moderated a panel at the Urban Land Institute's Fall meeting in Los Angeles. The presentation, California Redevelopment Agencies--Jumping into the Fray, featured panelists: Carolyn Hull, Regional Administrator, South LA Region, Community Redevelopment Agency/Los Angeles; Robin Hughes, President and Chief Executive Officer, Abode Communities; and Elizabeth (Libby) Seifel, President, Seifel Consulting Inc.

In addition, Jim Shilling did a presentation at Penn State University on October 22nd called Three Years After Takeover, How Have Fannie Mae and
Freddie Mac Benefited the U.S. Housing Market? The paper can be found here and the PowerPoint presentation is here.

Real Estate Students Participate in Research Project for Millennium Park

Downtown Chicago's Millennium Park has benefitted the city in numerous ways, including spurring a real estate boom that added thousands of residential units to the East Loop and generating billions of dollars in additional tourism revenues, according to a new comprehensive study of the celebrated park's overall impact.

The study, co-authored by researchers at DePaul and Texas A&M universities, has found that since the park's 2004 opening a number of other indicators - ranging from a drop in area crime to significantly increased usage of nearby rapid transit stations - suggest the park has benefitted Chicago even more dramatically than previously perceived.
park

View the full report here. A video presentation of the participants involved in the project can be seen here.

Susanne Cannon, the Douglas and Cynthia Crocker Endowed Director of the Real Estate Center, also presented the video on October 6th to the Friends of Downtown.

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.