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Letter from the Executive Director

Mark J. RiedyMark J. Riedy, PhD

At my invitation, 15 young real estate professionals met on March 9 to participate in a wide-ranging discussion. I challenged them to consider the question: Assuming that you build your career, raise your families and take full advantage of all that San Diego has to offer over your lifetimes, what will the San Diego of 2052 look like to have made you happy that you did so?

BMC Day at Petco ParkThe group was largely a reflection of the best and brightest among young executives affiliated with the Burnham-Moores Center. They accept their personal responsibility to get involved in helping to shape the future of this region. They are acutely aware that “their” San Diego should provide an outstanding quality of life and opportunity for the next 40 years or more. Here are the highlights of their thoughts and concerns, unvarnished and unattributed:

Public transportation:
• Public transportation provides easy access out of the county but is inflexible and inefficient within the county.
• Traffic, not a problem yet, but will get bad and force improvements over time
• Public transportation vehicles—trolley, buses and trains—need to be upgraded to appeal to a broader user group.

San Diego as a destination resort/recreation city:
Tourism creates jobs and tax revenues, but lower-income jobs.
• This reputation contributes to a perception that San Diego cannot be taken seriously, which discourages immigration of educated workers, high-paying jobs, and appeals to no-growth advocates. Rising executives see this perception as disadvantageous to their careers.
• Tourist demands promote preservation of and enhancements to beaches, canyons and entertainment/sports venues, which are valued by locals but draw crowds of tourists—a mixed blessing.
• San Diego has closed its back to San Diego and Mission Bays, lost opportunities for local population.

Downtown San Diego: 
• Downtown residents reverse-commute out of the city.
• Downtown parking is a major problem and getting worse, as office space per employee shrinks, forcing more people to squeeze into tight parking spaces.
• Threats to redevelopment activities work against the livability of downtown.
• Need for an entertainment district, financial district, more vibrancy downtown

"Threats to redevelopment activities work against the livability of downtown"

San Diego’s high cost of living:
• Need for promotion of industry clusters, higher-paying jobs and a more serious/substantive branding of the region as an employment center, an entrepreneurial city
• Land constraints a problem, opposition to greater densities based on inadequacy of infrastructure, including public transportation and schools
• Great need for more vocational education and greater respect for those choosing vocational over four-year college educations
• Opportunity for increased densities downtown to preserve housing elsewhere, a la San Francisco and its unique neighborhoods, which are much more interesting and desirable than San Diego’s
• Housing affordability is a never-ending problem exacerbated by too many low-income jobs, too few well-paying jobs, being created.

For the 15 future leaders participating in the March 9 meeting, the take-away value included a deeper appreciation of the difficulty of raising discussion levels above day-to-day concerns to cruising altitude; heightening participants’ sensitivity to the importance of carving out a personal vision for this region’s evolution over the next 40 years; and how individually they can become thought leaders and influence public policy over the years to come. 

To do justice to the other great ideas that emerged in the meeting, I will highlight them in a future issue of Pipeline. Until then, I welcome your thoughts as to what will make the San Diego of 2052 an even more desirable place to live than it is today.

Dr. Mark J. Riedy
Executive Director

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Scholarship Recipients and Donors Recognized at USD Luncheon

Scholarship Luncheon
(From left to right) Mark Riedy, PhD, executive director of the Burnham-Moores Center for Real Estate; Matt Bean, recipient of The Burnham Foundation Scholarship and the Mickey Carhart Memorial/National Association of Industrial and Office Properties (NAIOP) San Diego Scholarship and the Fieldstone Foundation Scholarship; Nick Norris, recipient of The Burnham Foundation Scholarship and the Society of Industrial and Office Realtors (SIOR) Foundation Scholarship; Bryce Aberg ’99 (BBA) of SIOR; Danny Reeves, recipient of the Real Estate Alumni Association (REAA) Scholarship and the California Homebuilding Foundation/Keith Johnson Endowment Scholarship; Karen MacLeod of Certified Commercial Investment Member (CCIM); Kelly Ness, recipient of the Commercial Real Estate Women (CREW) Network Scholarship and the Real Estate Alumni Association Scholarship; Brigham Black of NAIOP San Diego; Tiffany English of CREW San Diego; Joe Bothe ’06 of the REAA; Cowas Jehangir, recipient of the International Council of Shopping Centers (ICSC) Foundation Undergraduate Scholarship; Bryan Grissinger, recipient of the Mickey Carhart Memorial/NAIOP San Diego Scholarship; and Gary Katz of NAIOP San Diego.

On March 27, real estate students and scholarship donors attended USD’s 2012 Scholarship Appreciation Luncheon held in the Hahn University Center. The university-wide annual luncheon recognizes USD donors for their contributions and connects them with the students who are benefiting from their generosity.

The Spring 2012 recipients and their generous benefactors are:

The Burnham Foundation Scholarship
Matt Bean
Nick Norris

Real Estate Alumni Association Scholarship
Danny Reeves

CCIM Scholarship
Kelly Ness

For a full list of recent real estate scholarship recipients go here.

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USD Argus Team Members Selected

ARGUS Software logoThe team that will represent the University of San Diego’s Master of Science in Real Estate program in the 2012 Argus Software University Challenge has been selected.

The Argus team members are: Daniel Buoye, Bryan Grissinger, Mike Kelly, Alex Leonard and Skye Morland. Charles Tu, PhD, will serve as faculty adviser.

The team began working on the comprehensive case on Feb. 10; the final report was due on March 23. This year, 29 universities, including four international teams from Canada, Germany and Nigeria, are competing in the Argus Challenge.

In the challenge, each team is required to complete a case study. Teams will simulate a comprehensive real-life development analysis of a fictitious commercial real estate project by modeling the provided assumptions using Argus software, which is the real estate industry standard for commercial real estate analysis. Their results are submitted in written report form to a panel of academic and industry judges.

USD has won the competition both times it has been held.

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USD Team Selected for USC Case Competition

The undergraduate team of USD students who will represent the university in the University of Southern California’s International Case Competition, scheduled for April 16-20 on USC’s campus, has been selected.

The USD team will be made up of: Brandon Arner, Milan Brandon, Eric Hertel, Adrian Hochstrasser, captain Dietrich Nascimento and Cassie Wells. John Demas, Esq., will serve as faculty adviser.

Participating teams at the invitation-only event will compete for cash prizes and bragging rights by preparing oral and written presentations that address a real-world real estate problem posed by leading practitioners in the real estate industry. Students also will participate in networking and social events during the competition period and have their resumes compiled in a book that is distributed to the real estate industry by USC.

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MSRE Students Visit Wells Fargo

Wells Fargo Company Visit
Ryan Fiddler ’08 (BBA) of Wells Fargo speaks to USD's MSRE students at the company's offices March 30.

On March 30, MSRE students visited Wells Fargo’s offices in downtown San Diego and listened to presentations from the company’s staff members. Ryan Fiddler ’08 (BBA), relationship manager of the Real Estate Group, Kelly Souza ’03 (BBA), vice president and team leader for  the Real Estate Group, and Lee Winslett, senior vice president and managing director of the Impact Finance Group, provided the students with corporate information, industry insights and career advice.

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Sustainability Expert Guest Lectures in MSRE Class

Aquino Horton
Daniele Aquino Horton, LEED AP and O+M, Associate AIA, CEM

On March 13, Master of Science in Real Estate students in Professor Norm Miller’s “Sustainable Real Estate” course heard from guest lecturer Daniele Aquino Horton, sustainability manager at Thomas Properties Groups Inc. in Los Angeles. Aquino Horton discussed the drivers and benefits for greening existing buildings and detailed the recommended steps for a successful building retrofit program, particularly as it relates to energy and water efficiencies. Aquino Horton also presented a number of her company’s retrofit and LEED-EBOM case studies before responding to questions from the students. A private reception on campus for Aquino Horton and MSRE students followed her presentation.

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Professor Norm Miller Speaks at Webinar in India

Norm Miller
Norm Miller, PhD

On March 31, Norm Miller spoke at a webinar titled, “Indian Real Estate: What does it mean to invest in green?” He spoke about the benefits of investing in green and its impact on various stakeholders. The webinar was hosted by realism.IN, a first-of-its kind partnership of academicians and industry professionals designed to provide knowledge to the real estate industry in India.

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Real Estate Society Meeting Features Nationally Recognized Alum

Travis Trautvetter
Travis Trautvetter ’04 (BACC) speaks to the Real Estate Society March 29.

On March 29, approximately 50 undergraduate students attended the monthly Real Estate Society meeting to hear from USD alum Travis Trautvetter ’04 (BACC), vice president of investments and director of the National Office and Industrial Properties Group at Marcus & Millichap. In 2010 and 2011, Trautvetter was the No. 1 ranked agent nationally for office and industrial property sales within Marcus & Millichap and was named a Power Broker by CoStar in 2011.

During the meeting, Trautvetter gave the students advice for getting started in their careers. He also explained the importance of trying out several internships before graduation to find a good fit. While attending USD, Trautvetter began working at Marcus & Millichap as an intern and eventually landed a full-time position at the company, where he has been for eight years.

The Real Estate Society is a 200-plus member student organization that provides resources and information to undergraduate students interested in studying and pursuing careers in real estate. Meetings are held monthly throughout the academic year and feature real estate professionals who share their industry experience and insights with students. Participation in Society meetings is designed to help students satisfy academic requirements as well as to introduce them to real-time industry challenges and career opportunities.

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Norm Miller’s Paper Accepted for Publication

A paper co-authored by Norm Miller, PhD, and Michael Sklarz, PhD, Integrating Real Estate Market Conditions into Home Price Forecasting Systems,” has been accepted for publication by the Journal of Housing Research. The paper shows that by using market condition indicators such as sales volume, turnover rates, list price revisions, sales-to-list prices, months remaining inventory and other factors to indicate the weakness or strength of a local housing market, forecasters can better predict turning points and more accurately nail down short-term trends in prices. Sklarz is CEO of Collateral Analytics.

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Center’s 2011 Year in Review Available Online

Year in ReviewThe Burnham-Moores Center’s 2011 Year in Review is now available online. This is the second year that the Center has produced an online Year in Review, rather than a printed annual report, to conserve resources. To view the report, go here. A list of the Center’s 2011 donors also is available upon request by contacting Jeryldine Saville.

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Alums Gather for Casual Thursday Networking Event

Casual Thursday
(From left to right) Matt Masterson ’08 (MSRE/MBA), Patrick Clark ’08 (BBA), Scott Wittman ’06 (MBA), Jimmy Morrison ’06 (MSRE) and Trevor Jensen ’08 (MSRE) at the March 22 event

On March 22, the Real Estate Alumni Association (REAA) held its Casual Thursday real estate networking event at The La Jolla Strip Club. Current graduate students and USD alumni working in the real estate industry came to the event to reconnect with their classmates, make new contacts and learn about innovative real estate projects in the San Diego region. For more information about the REAA, go here.

Back to TopIn the News

Professor Norm Miller, PhD, and Associate Professor Alan Gin, PhD, were included in the March 8, March 16, March 23 and March 30 editions of the San Diego Union-Tribune’s weekly “EconoMeter.”

An article on the Burnham-Moores Center’s multi-year study on sustainable buildings and productivity was referenced in March 28  and articles.

Back to TopCalendar of Events

FRIDAY, APRIL 20, 2012

USC’s Seventh Annual Undergraduate Real Estate Case Competition

THURSDay, APRIL 26, 2012

Second Annual NAIOP University Challenge

  • 5 - 7 p.m. competition; 7 - 8 p.m. reception
  • 10300 Campus Point Drive, San Diego, 92121-1504
  • To register for the event, go here.

MONDay, MAy 7, 2012

Annual BMC Day at Petco Park

The Burnham-Moores Center for Real Estate invites you to watch the Padres take on the Colorado Rockies. Join real estate alumni, faculty, students and industry professionals at this annual event.

  • 6:05 p.m. Pre-game food and drinks on the Western Metal Rooftop Bleachers; Game begins at 7:05 p.m.
  • $35 per ticket (includes food served until 8:05 p.m. and drinks through the seventh inning) Limit two tickets per person
  • Petco Park, 100 Park Blvd, San Diego, 92101
  • To register, go here.
  • For questions, contact Annie Grand at (619) 260-7619 or

Deadline for Fall 2012 MSRE Program

  • Last admission deadline is July 1, with decision notification by July 15.
  • For more information, go here.

Back to TopContinuing Education - Upcoming Courses


Real Estate Investment and Income Analysis 102


  • Course taught by Nathan Moeder ’06 (MSRE), principal, The London Group Realty Advisors
  • To register, contact John Ferber, or register online.
  • For more information on this course, go here. For more information on Real Estate Continuing Education, go here.