Letter from the Executive Director
Mark J. Riedy, PhD
Fall not only marks the start of the academic year, it also kicks off the Center’s fall event season. I am particularly excited about our lineup this year and encourage you to put each event on your calendar now:
• Breakfast at the BMC, Sept. 28, on USD’s campus, 7:30 a.m. to 9 a.m., featured speaker Alan Gold, CEO, BioMed Realty Trust Inc., San Diego
• Inaugural Women in Real Estate Conference, Nov. 9, on USD’s campus, 7:30 a.m. to 10 a.m., keynote speaker: Lauralee Martin, CFO/COO, Jones Lang LaSalle, Chicago
• 12th Annual Residential Real Estate Conference: Outlook 2012, Dec. 12, on USD’s campus, 7:30 a.m. to 11:30 a.m., keynote speaker: Douglas Duncan, PhD, vice president and chief economist, Fannie Mae, Washington, D.C.
• 16th Annual Real Estate Conference, March 2, 2012, San Diego Bayfront Hilton, 7:30 a.m. - Noon, keynote speaker: Richard K. Davis, CEO, US Bank, Minneapolis
The outstanding quality of the featured speakers we are able to attract, in and of itself, is reason enough to attract sell-out crowds. Beyond that, however, let me add that two of the value-added propositions of the Burnham-Moores Center are: first, to educate students and create strong relationships between them and industry professionals; and, second, to offer industry professionals outstanding opportunities for education and networking.
To achieve those ends, some of the most effective vehicles are our special events. All of our students―graduate and undergraduate―attend events as our guests and learn not only from the program content, but also benefit from developing their “meet and greet” skills with our industry attendees. And for our industry friends, I like to think that the education, networking and exposure for sponsors at these events is priceless. At times like these, everyone gains from the take-away value of the Burnham-Moores Center’s programming opportunities.
I look forward to seeing you at our upcoming events!
Dr. Mark J. Riedy
|The new MSRE cohort visited the Mercado del Barrio construction site on Aug. 24.
The eighth cohort of the Master of Science in Real Estate program kicked off the academic year Aug. 22 with a course called The Real Estate Process, otherwise known as “Process Week.” Process Week is an intensive, six-day course designed to expose new students to the MSRE program, the university, the real estate industry and San Diego.
During the jam-packed course, students listened to presentations given by a variety of civic, real estate and university leaders on a broad range of real estate topics and issues, including sustainability, real estate development, construction management and community planning. Students also attended workshops on Microsoft Excel skills, business writing, financial concept fundamentals, managing their professional image, and presentation and research skills to help prepare them for the challenging year ahead.
Outside of the classroom, students toured the construction site of the Mercado del Barrio project, which will bring a local grocery market, neighborhood-supporting retail, and more affordable housing for families in the Barrio Logan area in San Diego. The group capped off Process Week with a harbor cruise hosted by the School of Business Administration, where they got to know their fellow graduate business students, faculty and staff.
The Appraisal Institute has accepted the University of San Diego’s Master of Science in Real Estate program into the institute’s Master’s Degree Program, giving USD MSRE students a unique and accelerated path to the prestigious MAI designation. USD is one of just seven real estate programs across the country and around the world to be approved for the institute’s Master’s Program.
As such, MSRE students will be able to receive education credits for material covered in USD’s graduate real estate program toward earning the MAI membership designation. Current students are also eligible for free associate membership while in the MSRE program.
The Appraisal Institute’s approval of USD’s program is retroactive, making MSRE graduates from 2009 onward eligible.
The Appraisal Institute approval means that USD’s real estate program is now one of just five master’s programs worldwide that have been approved by both the Appraisal Institute and the CCIM Institute so that a graduate can be on the fast track to obtain the MAI and/or CCIM designation. The other four schools are: Johns Hopkins University, Texas A&M University, the University of Denver and Konkuk University in South Korea.
For more information, contact Ines Kraft at (619) 260-4150.
|Charles Tu, PhD
Charles Tu, PhD, has been promoted to full professor effective Sept. 1. Tu earned his PhD in business administration from the George Washington University (GWU) in 1999 and received the Chartered Financial Analyst (CFA) designation in 2000. Prior to joining USD in 2004, Tu taught real estate and finance courses at GWU and California State University-Fullerton. He was granted tenure by the University of San Diego in 2008 and appointed academic director of the Master of Science in Real Estate program in the spring of 2010. He was appointed the Daniel F. Mulvihill Professor of Commercial Real Estate in September of 2010.
The Burnham-Moores Center launched its new sustainability Webinar series Sept. 8 with a panel of experts who addressed “What's Next?" in the area of sustainable commercial real estate. The Webinar series is part of a newly formed Center for Sustainable Real Estate, which is a joint partnership between the University of San Diego’s Burnham-Moores Center for Real Estate and CB Richard Ellis. Panelists on the Webinar included:
• Andrew Burr, director of the Building Energy Rating Program at the Institute for Market Transformation, who presented
“How Transparency Mandates Are Impacting Local Real Estate Policy”;
• Kristen Taddonio, from the U.S. Department of Energy’s Commercial Building Energy Alliances program, who addressed “What’s New (and Next!) in Office Building Technology”; and
• Robert Hutchinson, vice president and program director at the Rocky Mountain Institute, who spoke on
“The Shift to Renewable Power.”
Norm Miller, PhD, professor at the Burnham-Moores Center, served as moderator for the 90-minute Webinar, which was free to attendees.
To sign up for future sustainability Webinars, contact Jeryldine Saville.
|Norm Miller, PhD
On Aug. 17, Professor Norm Miller, PhD, was a keynote speaker at the Appraisal Institute’s Annual Meeting in Las Vegas. At the meeting, Miller gave his economic outlook and discussed the impact of distressed real estate on values. On Aug. 24, Miller was the keynote speaker at the San Diego Association of Realtors third annual Regional Real Estate Summit in San Diego. In his talk, Miller addressed the S&P/Case-Shiller Home Price Indices, mortgage rates and distressed inventory.
In August, Miller served as a judge for NAIOP’s sixth annual Developing Leaders Award, which honors rising commercial real estate professionals, 35 years of age and under, for their valued contribution and commitment to the industry. The award will be presented to 15 recipients at NAIOP’s Development ’11: The Annual Meeting for Commercial Real Estate in Scottsdale, Ariz., Oct. 18-20.
In the News
Executive Director Mark Riedy, PhD, was quoted in an Aug. 8 San Diego Union-Tribune article on Standard and Poor’s downgrade of Fannie Mae and Freddie Mac credit ratings. Riedy was quoted in a similar San Diego Business Journal article on Aug. 22.
Mark Riedy, PhD, was featured in a Aug. 9 video interview by Daily Transcript executive editor George Chamberlin on economic uncertainty.
The Burnham-Moores Center for Real Estate’s quarterly “Residential Real Estate Market Report” was covered in an Aug. 11 San Diego Union-Tribune article.
Professor Norm Miller, PhD, was quoted in an Aug. 13 North County Times article on rising residential vacancy rates.
Norm Miller, PhD, and Associate Professor Alan Gin, PhD, were included in the Aug. 13, Aug. 20, Aug. 27 and Sept. 3 editions of the San Diego Union-Tribune’s “EconoMeter.”
Residential Real Estate Director Lou Galuppo, Esq, was quoted in an Aug. 21 North County Times article on how the lack of move-up buyers is holding back house prices. The article also was picked up Aug. 21 by Builderonline.com.
The Burnham-Moores Center’s new Master of Science in Real Estate class was reported on in San Diego’s Metropolitan’s Aug. 22 Daily Business Report.
Norm Miller, PhD, was mentioned in Aug. 23 and Aug. 24 San Diego Union-Tribune articles on the San Diego Association of Realtors’ annual real estate summit, where Miller was the keynote speaker. Following the summit, Miller’s speech was mentioned in Aug. 25, Aug. 26 and Aug. 28 San Diego Union-Tribune articles.
Alan Gin’s Index of Leading Economic Indicators for San Diego County, which he compiles for the Burnham-Moores Center, was mentioned in several outlets following the July release. Articles appeared in the San Diego-Union Tribune, the North County Times, the San Diego Business Journal, KPBS, La Jolla Light, Istockanalyst.com and Santee.patch.com.