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Letter from the Executive Director

Mark J. RiedyMark J. Riedy, PhD

One of the many joys of working at the University of San Diego is interacting with students and alumni and having the opportunity to make a significant, positive difference in their lives and careers. The satisfaction derives from educating these young people, offering personalized career counseling, opening doors to job opportunities and watching them sell themselves to employers.

Women in Real Estate ConferenceAt the Burnham-Moores Center’s Executive Committee (EC) meeting Oct. 2, many EC members indicated their firms will be hiring during 2013. EC members take advantage of their unique exposure to our students and their close relationships with BMC staff professionals John Ferber and Annie Grand to offer internships and hire our graduating students. Universally, these and other employers tell us that USD students and alumni are terrific employees, wonderful individuals whose hallmarks are a strong work ethic, a passion for real estate and a commitment to ethical behavior. My hope is that hiring managers not only appreciate the quality of our students and alumni, but also take time to enjoy the satisfaction of helping other human beings advance their careers and improve the lives of their families.

I urge managers to think about productive ways to involve younger employees in meetings of senior executives, or to identify and assign projects that involve and challenge younger employees. Test their capacity to contribute at higher levels to the company’s success. Likewise, if the opportunity arises to mentor a student or bring an intern on board, I encourage you to do so. You’ll be glad you did.

The bottom line is that a heightened focus on young real estate professionals not only pays dividends for employers, but also is an incredibly satisfying accomplishment for their managers and mentors. The real estate industry recognizes its future need for more mid-level and senior-level executives, and 2012-13 is a propitious time to launch targeted programs to accelerate the career responsibilities of young individuals as the seeds of the real estate recovery have begun to sprout.

Dr. Mark J. Riedy
Executive Director

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Watty Watson Shares Insights at Breakfast at the BMC

James Watson
James "Watty" Watson shares his thoughts with the audience at Breakfast at the BMC Sept. 13.

James “Watty” Watson, CEO of CT Realty Investors, offered his insights into business and life at the Center’s Sept. 13 Breakfast at the BMC event. The event, which was moderated by Policy Advisory Board member Charlie Abdi ’83 (BBA), offered a glimpse into the mindset and methods that have made Watson a success in the commercial real estate industry.

Prior to joining CTRI, Watson served as president of the Koll Development Company, where he was responsible for real estate investment and development in the Western United States and Mexico. During his 10-year period with Koll, he oversaw the expansion of the company from Los Angeles, Orange County and San Diego to multiple Mexican markets, the Bay Area, Las Vegas, Phoenix, Denver and other strategic markets.

Watson said that while he was at Koll, he and his team embarked on an aggressive campaign to acquire real estate. It was a great market with great capital sources, he says, “but at the end of the day, it was driven by people.”

Watson says his own approach to business and to life is to: “always try to be honest and upbeat and to go full speed. I tell my kids, ‘You can sleep in your coffin.’” He urged the students in the audience to “hang in there, don't be discouraged, things change.”

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Professors Miller, Sah Receive Faculty Research Awards

Norm and Vivek
(Left to right) Burnham-Moores Center professors Vivek Sah, PhD, and Norm Miller, PhD

Burnham-Moores Center professors Norm Miller, PhD, and Vivek Sah, PhD, were recently recognized by the School of Business Administration for their exemplary research accomplishments. Miller received the Senior Faculty Research Award; Sah received the Junior Faculty Research Award. Miller published seven papers in leading academic journals during the last year, while Sah published four papers. The professors also co-authored a research report, which was published in “The Institutional Real Estate Letter.”

The SBA awards five faculty awards annually to recognize teaching, service and research—one for junior and one for senior faculty—and dual excellence. Professor Charles Tu, PhD, received the SBA’s 2011 Faculty Service Award.

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Kevin Villani Named First BMC Executive Scholar

Kevin Villani
Kevin Villani, PhD

Kevin Villani, PhD, has been named the first participant in the Burnham-Moores Center’s new Executive Scholar Program. The program was launched to encourage and stimulate intellectual discussions and foster collaboration between University of San Diego faculty and Executive Scholars.

Villani was the vice-chairman of Imperial Credit Commercial Mortgage Investment Corporation. In the early 1980s, he served in various capacities at Freddie Mac, including chief economist and chief financial officer. Prior to that, he served as deputy assistant secretary and chief economist for HUD in Washington D.C. From 1990-97, Villani was the Wells Fargo Visiting Professor of Finance at the University of Southern California. He also has served as an adjunct professor at the University of Pennsylvania, Northwestern University, George Washington University, Purdue University and George Mason University.

Villani has written or co-authored approximately 100 books and articles and has edited several academic journals.

He has a bachelor’s degree in mathematics from the University of Massachusetts at Amherst and master’s and PhD degrees in economics and finance from Purdue University. 

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USD Provost Julie Sullivan Receives Mulvihill Leadership Award

Julie Sullivan
Provost Julie Sullivan, PhD, accepts the Daniel F. Mulvihill Leadership Award at the Center’s Policy Advisory Board Executive Committee dinner Oct. 2 (shown with Mark Riedy)

At the Center’s Policy Advisory Board Executive Committee dinner Oct. 2, University of San Diego Executive Vice President and Provost Julie H. Sullivan, PhD, received the Daniel F. Mulvihill Leadership Award. At the dinner, Executive Director Mark Riedy, PhD, presented Sullivan the award in recognition of her “unfailing faith in us, demonstrable support of our vision and forward-thinking leadership.”

The award was created in 2002 to honor Dan Mulvihill, chairman of Pacific Southwest Realty Services, for his leadership in helping to launch USD’s real estate program, as well as his integral involvement in building the program to its current level of prominence. This was the 11th year the award was given to a BMC supporter and the first time it was awarded to someone outside of the Policy Advisory Board Executive Committee.

During his remarks, Riedy thanked Sullivan, whose husband, UC San Diego business school Dean Robert Sullivan, PhD, was in attendance, for her key support of USD’s real estate program.

“Because of the entrepreneurial nature of our subject matter, our industry supporters and the kinds of ‘can do’ people working in the BMC, we seem to push the boundaries of USD’s policies and procedures more than most parts of the university,” Riedy said to the 70 dinner attendees. “Julie’s always willing to listen, works hard to understand where we are coming from and looks for ways to say yes, rather than no.” Riedy also thanked Dean David Pyke, PhD, who was in attendance with his wife, Sue, for his strong support of the Burnham-Moores Center through the years.

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Malin Burnham Inducted into Hall of Fame

Malin Burnham
Malin Burnham

Malin Burnham, an emeritus member of the Burnham-Moores Center’s Executive Committee, was inducted into Stanford University’s Real Estate Hall of Fame Sept. 28. The induction, which took place at Orange County’s South Coast Plaza, was attended by the Center’s Executive Director Mark Riedy, as well as current Executive Committee members Dennis Cruzan, Brad Geier and Stath Karras.

Burnham earned a bachelor’s of science in industrial engineering at Stanford in 1949. He built his family business into the largest independent commercial real estate company in Southern California before selling it to Cushman & Wakefield in 2008.

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Past Woodruff Scholarship Recipients Attend Dinner

Woodruff Dinner
(From left to right) Rey Ross ’03 (MBA), Jesse Votaw ’06 (MSRE), Ron May ’07 (MSRE), Ann Bruce ’02 (BBA), Ian Gill, Chris Lisle ’12 (BBA), Mark Riedy, Rodd Miller ’01 (BBA), Carey Algaze ’12 (MSRE), Justin Shifrin ’11 (MSRE), Caleb McKinley ’02 (BBA) and Jacob Schwartz ’02 (BBA)

Burnham-Moores Center Executive Committee member Ian Gill, principal at Highland Partnership Inc., and his wife, Gail, hosted the ninth annual Daniel B. Woodruff Memorial Scholarship recipients dinner at the Gills’ home in San Diego Sept. 10. Ten of the 18 Woodruff Scholarship recipients attended the dinner including: Carey Algaze ’12 (MSRE), Ann Bruce ’02 (BBA), Chris Lisle ’12 (BBA), Ron May ’07 (MSRE), Caleb McKinley ’02 (BBA), Rodd Miller ’01 (BBA), Rey Ross ’03 (MBA), Jacob Schwartz ’02 (BBA), Justin Shifrin ’11 (MSRE) and Jesse Votaw ’06 (MSRE).

The scholarship was established by the Center in 2000 in permanent tribute to USD graduate Daniel Woodruff ’98 (BA), to honor the most outstanding student pursuing real estate as a career. Woodruff died of cancer at the age of 27, less than two years after graduating from USD.

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MSRE Students, PAB Members Network at “Beer and Blue Jeans” Event

Beer and Blue Jeans
(Left to right) MSRE student Skye Morland, Policy Advisory Board Executive Committee member Barbara Cambon, chair of the Residential Real Estate Committee Joe Anfuso ’84 (BBA), '89 (MBA), Burnham-Moores Center Executive Director Mark Riedy, and MSRE students Inna Panchuk and Matt Bean at the event

Policy Advisory Board Executive Committee member Barbara Cambon and Matt Carlson, chair of the Policy Advisory Board’s Young Entrepreneurs Council, hosted the third “Beer and Blue Jeans” event at Fred’s Mexican Café in Old Town Sept. 27. The event provided a casual setting for MSRE students to network with members of the PAB Executive Committee and Young Entrepreneurs Council, as well as other USD real estate alums and Burnham-Moores Center faculty and staff.

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Norm Miller Presents at San Diego Economic Forecast Event

Norm Miller
Norm Miller, PhD

Professor Norm Miller, PhD, presented at the 2012 San Diego Economic Forecast Conference, held Oct. 3 in downtown San Diego. Miller provided a real estate forecast at the conference, which was hosted by Beacon Economics and Silvergate Bank; the Burnham-Moores Center for Real Estate served as Academic Partner. California Comptroller John Chiang keynoted the event with his presentation, “The Election and California's Fiscal Future.” Chris Thornberg, founding partner of Beacon, presented his take on the global and U.S. economic forecasts, and Jordan Levine of Beacon offered his projections for California and San Diego. The event drew approximately 250 attendees from the private and public sectors.

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Real Estate Society Kicks Off, Students Meet Mentors

Mentor Breakfast
Undergraduate student Alexander Fuller meets with his mentor, Sean Mayer ’10 (MSRE), principal of Legacy Real Estate Ventures LLC, at the Oct. 2 breakfast.

On Sept. 18, USD’s Real Estate Society kicked off its first meeting of the fall semester with guest speaker Mark Hoekstra ’82 (BBA), co-founder and managing partner of The Heritage Group. Hoekstra educated students on the basics of asset management.  

Mark Hoekstra
Mark Hoekstra ’82 (BBA) at the Sept. 18 Real Estate Society Meeting

At the meeting, Real Estate Alumni Association (REAA) board members Ron May ’07 (MSRE) and Matt Reams ’06 (BBA), as well as undergraduate students who have previously participated in the program, introduced the Undergraduate Real Estate Mentorship program.

The REAA hosted a breakfast on campus Oct. 2, where the undergraduate students and their mentors met for the first time. The 22 students, who were paired with local real estate professionals, are required to meet with their mentors three times throughout the semester and submit a written account of their experiences.

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MSRE Students Visit Cassidy Turley

Dan Broderick
CEO Dan Broderick speaks to MSRE students at the Cassidy Turley BRE Commercial offices in UTC

On Sept. 28 Master of Science in Real Estate students attended their first company visit of the academic year at Cassidy Turley BRE Commercial’s UTC offices. Students met with Policy Advisory Board Commercial Real Estate Committee member Dan Broderick, president and CEO of the company’s San Diego office, and a number of leaders within the company including: Jolanta Campion, director of research; Kim Hardtke, vice president of human resources; Kellie Hill, vice president of project management; and Paul Klink, managing director of property management. During the visit, students toured the facility and learned about the company’s history, its growth through the years and the future of commercial real estate brokerage.

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Center Participates in NAIOP Bowling Fundraiser

Bowling
(From left to right) Diane Gustafson, Joe Bertocchini, Annie Grand, Mark Riedy and Charles Tu at the fundraising event

Burnham-Moores Center faculty and staff participated in this year’s NAIOP-San Diego Rock n’ Bowl event at Mira Mesa Lanes Sept 6. Joe Bertocchini, director of residential real estate; Annie Grand, student and alumni services manager; Diane Gustafson, communications coordinator; and Charles Tu, academic director of the MSRE program, made up team “Run BMC.” Executive Director Mark Riedy and director of Commercial Real Estate John Ferber cheered the team on.

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BMC Takes Part in ICSC Western Division Conference

The Burnham-Moores Center took part in the International Council of Shopping Center’s Western Division Conference, held Sept. 19-21 at the San Diego Convention Center. The event is the premier retail real estate networking event in the Western United States and offers tenants, industry experts, career builders and entrepreneurs a way to forge and maintain business relationships within the western region. Master of Science in Real Estate students Evan Lippow, Anthony Ly and Inna Panchuck attended the conference, which was themed, “Faster, Higher, Stronger.”

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Riedy, Miller Speak at Local Events

Burnham-Moores Center for Real Estate Executive Director Mark Riedy, PhD, participated in The Daily Transcript’s Real Estate Trends Roundtable Sept. 25. The six panel members engaged in a lively discussion on residential mortgage market conditions, prospects and operational issues for San Diego and the country.

On Sept. 21, Professor Norm Miller, PhD, spoke at the Real Estate Counselors Group of America’s national conference in San Diego, where he discussed office property trends.

Back to TopIn the News

Norm Miller, PhD, and associate professor Alan Gin, PhD, were included in the Sept. 7, Sept. 14, Sept. 21 and Sept. 28 editions of the San Diego Union-Tribune’s weekly “EconoMeter.”

Norm Miller, PhD, was quoted in a Sept. 10 San Diego Union-Tribune article on Pacifica Companies’ purchase of foreclosures from Fannie Mae.

The Burnham-Moores Center for Real Estate’s Sept. 13 Breakfast at the BMC event featuring James Watson was reported on in the San Diego Union-Tribune and The Daily Transcript.

MSRE alum and former Navy SEAL Brent Gleeson ’05 (MSRE), had the first installment of his three-part blog series posted on Forbes Sept. 18. The blog discussed the six important aspects of military leadership that are critical to building a business, a driven team and a profitable organization.

An opinion piece written by Executive Director Mark Riedy, PhD, on China’s investments in U.S. Treasury Securities was published in the San Diego Union-Tribune Sept. 26.

Alan Gin, PhD, was mentioned in The Daily Transcript Oct. 1 following his most recent release of the USD Index of Leading Economic Indicators for San Diego County, which he compiles for the Burnham-Moores Center.

Back to TopCalendar of Events

THURSDAY, OCT. 4, 2012

First-Time Homebuyers Seminar

This free event will provide answers to homebuying questions from a panel of real estate experts. A Q&A session will follow the panel discussion.

  • 12:15 - 12:45 p.m. lunch; 12:45 - 1:30 p.m. seminar
  • Mother Rosalie Hill Hall, Warren Auditorium, University of San Diego campus
  • Free and open to USD faculty, staff, students, alumni and the Linda Vista community
  • To attend, RSVP to Myla Wilson at (619) 260-8803.

THURSDAY, OCT. 4, 2012

Real Estate Alumni Association’s Casual Thursday

Join the Real Estate Alumni Association for a night of networking and reconnecting with friends within the USD real estate community.

  • 6 p.m.
  • Gordon Biersch, 5010 Mission Center Road, San Diego, 92108
  • For questions, contact Annie Grand at (619) 260-7619.

SATURDAY, OCT. 27 AND NOV. 3, 2012

Argus Training - Workshop Is Full; Waiting List Available

The Burnham-Moores Center will offer a two-day Argus training for industry professionals on Saturday, Oct. 27 and Saturday, Nov. 3. Argus Valuation-DCF is the industry standard for commercial real estate cash flow projection and investment/valuation analysis.

  • 8:30 a.m. - 5 p.m.
  • Room 226 in Olin Hall, University of San Diego campus
  • The workshop is at capacity. To be placed on the waitlist, contact Diane Gustafson at (619) 260-2379.

MONDay, NOV. 5, 2012

Second Annual Women in Real Estate Conference

“Global Demographics: Shaping Real Estate's Future”

  • 8 - 10 a.m.
  • Joan B. Kroc Institute for Peace & Justice, University of San Diego campus
  • $45 per person; includes registration fee and breakfast
  • Speakers include: Leanne Lachman, president of Lachman Associates and an executive-in-residence at Columbia University’s Graduate Business School; Lydia Jacobs-Horton, director of Procter & Gamble’s Global Facilities & Real Estate Organization; and Gail Goldberg, executive director of ULI-Los Angeles
  • To register, go here.
  • For sponsorship opportunities or more information, contact Diane Gustafson at (619) 260-2379.

WEDNESDay, DEc. 12, 2012

13th Annual Residential Real Estate Conference: Outlook 2013 – Save the Date!

  • Starts at 7:30 a.m.
  • Joan B. Kroc Institute for Peace & Justice, University of San Diego campus
  • For sponsorship opportunities or more information, contact Diane Gustafson at (619) 260-2379.

Back to TopContinuing Education - Upcoming Courses and Seminars

STARTS TUESDay, OCT. 9, 2012

Development Feasibility

Course

TUESDay, NOV. 6, 2012

Update on Tax Considerations in Real Estate

SEMINAR