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Letter from the Executive Director

Mark RiedyMark Riedy, PhD

If you were one of the more than 700 guests who attended the Burnham-Moores Center’s 18th Annual Real Estate Conference on Feb. 13, please take 5-10 minutes to fill out the conference survey. Today, more than ever, your feedback is critically important to us. The survey results guide us in planning next year’s program. Our goal is to continue to deliver relevant, timely and meaningful topics presented by speakers that university-based programs, like ours, are uniquely positioned to attract speakers like Sam Zell, Ernest Rady, Malin Burnham, Richard Davis and Irwin Jacobs. Please, either take the survey now and skip the rest of this letter or read on to see if I can persuade you to fill it out after you've read a few more paragraphs.

MSRE When I began planning USD’s First Annual Real Estate Conference in 1997, our Policy Advisory Board members offered constructive advice. The most memorable guidance I received came from a nationally recognized real estate expert, Sandy Goodkin. His exact words were “Whatever you do, don’t screw it up.”

The initial wave of survey responses we’ve received thus far suggest we continue to heed Goodkin’s admonition. Over 96 percent of respondents said we met (43 percent) or exceeded (53 percent) their expectations. Ninety-five percent said they would recommend the event to a colleague.

In 1997, guests did not need to fill out a survey for us to know how they valued the First Annual Real Estate Conference. I simply spoke to about a dozen of the 250 attendees and asked them directly for their feedback. In contrast, today you are a part of much larger (700+) audience than in 1997 and your interests are more diverse. You are more sophisticated in your demands for conference programming and more discriminating in programs you support each year due to time and cost considerations and the plethora of conferences available. Our philosophy—to avoid overlapping programs that trade groups offer—is harder to honor today than it was 18 years ago, but no less important to us.

All of the survey questions are intentional—some simply as a gut check to see if your impressions were the same as ours (met/exceeded expectations, would recommend to a colleague, etc.) but others serve as genuine sources of information to aid in our future planning. Questions that will impact our future thinking include the likes of: more/fewer panels, more/fewer individual presentations, longer/shorter sessions, more on economics/jobs/incomes versus purely real estate topics and more/less focus on San Diego-related topics versus regional/national/global ones.

Your interests may change from year to year and the time you have to invest in conference attendance is scarce. You have a myriad of choices for supporting conferences either as sponsors or as guests. We are proud of our entire range of industry programs and want to maintain the edge on quality that keeps you coming back year after year. To keep on top of our game, we encourage and appreciate you taking 5-10 minutes to fill out the conference survey. Even if you loved the speakers, topics, networking and take-home value of the 2014 conference fill out the survey and pay particular attention to the information-gathering questions. Visualize yourself as being on the Planning Committee for the Center’s 19th Annual Real Estate Conference and tell us what will keep the program on your “must attend” list for 2015.

Mark J. Riedy, PhD
Executive Director

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Sam Zell Keynotes Center’s 18th Annual Real Estate Conference

Sam Zell
(Left to right) Stath Karras and Sam Zell’s fireside chat at the 18th Annual Real Estate Conference Feb. 13.

The Burnham-Moores Center hosted its 18th Annual Real Estate Conference and 20th Anniversary Celebration at the San Diego Marriott Marquis and Marina on Feb. 13. More than 700 guests attended to hear rear real estate legend, Sam Zell, founder and chairman of Equity Group Investments, keynote the conference in a casual fireside chat. Zell was interviewed by Stath Karras, executive managing director of Cushman and Wakefield on topics ranging from investing in Mexico to rising interest rates. Zell also gave career advice to students in the audience.

Panel 1
(From left to right) Jeff Graham and Jerry Sanders listen to panelist Marney Cox during the “Tailwinds or Headwinds? Navigating Demographic, Planning and Political Changes in San Diego” session.

The panel following Zell featured a San Diego trio of civic leaders addressing the topic, “Tailwinds or Headwinds? Navigating Demographic, Planning and Political Change in San Diego.” The panel included: Jerry Sanders, president and CEO of San Diego Regional Chamber of Commerce and former mayor of San Diego; Marney Cox, chief economist at San Diego Association of Governments; and Jeff Graham, president of Civic San Diego. The panel discussed the political environment and the region’s changing demographics and how each affects planning.

Norm Miller, PhD, professor of real estate at the Burnham-Moores Center for Real Estate, delivered a presentation related to his research findings on workplace trends nationally and their impact on office markets.

Zeroing in on unique opportunities relevant to San Diego, a second panel of local business leaders including: Michael Jones, founder of The Maritime Alliance; Mary L. Walshok, PhD, associate vice chancellor for public programs and dean of extension at the University of California San Diego; and Linden Blue, vice chairman of General Atomics, discussed the topic “A Roadmap for Going Places Where Others Are Not Even Looking.”

A final panel, including Sherm Harmer, president of Urban Housing Partners Inc. and Ian Gill, principal of Highland Partnership, Inc., moderated by Mark J. Riedy, executive director of the Burnham-Moores Center, discussed their impressions from the mornings’ sessions and speakers.

The conference concluded with Riedy’s reflection on the successful 20-year joint venture between the Burnham-Moores Center and San Diego’s real estate industry and its potential for even greater benefits in the future. All guests were invited to an informal party celebrating the 20th Anniversary of the University of San Diego’s real estate program, where the hors d’oeuvres, refreshments and cake encouraged many to stay and continue networking.

For more on the conference, please read Jonathan Horn’s U-T San Diego’s article covering the conference. View photos from the conference on our new Flickr page.

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Undergraduate Student, Jonathan Fuller, Named Woodruff Scholar

Jon Fuller
Woodruff Scholarship recipient Jonathan Fuller addresses the audience at the 18th Annual Real Estate Conference.

Jonathan Fuller, an undergraduate real estate student at USD, was recently selected by the faculty and staff of the Burnham-Moores Center for Real Estate as the fall 2013 recipient of the Daniel B. Woodruff Memorial Scholarship. Fuller joins 21 other men and women chosen for the honor since the scholarship was first awarded in the fall of 2000.

Each semester, the scholarship is awarded to a man or woman who best epitomizes Dan Woodruff ’98 (BBA), who passed from cancer in 2000. Dan’s positive qualities included academic excellence, warmth, determination, intellectual curiosity and unabashed love for humankind. Each semester, BMC faculty and staff identify one student who meets high academic performance standards and has a special story or set of attributes that define him/her as exceptional. Students are not able to apply for this scholarship.

Fuller came highly recommended by Assistant Professor Vivek Sah, PhD, who said that he had not seen a student more dedicated, hardworking and respectful than Fuller in his four years teaching at USD.

Executive Director Mark Riedy, PhD, describes Fuller as a “personable and hardworking young man with a demonstrable passion for real estate.”

In the last two years, Fuller has had five internships, primarily in commercial real estate, has been president of the Real Estate Society, both years, is a real estate major and has earned top academic honors at USD with a 3.99 grade point average.

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Norm Miller and Mark Riedy Recognized for Their Leadership

Norm Miller
Norm Miller, PhD

Professor Norm Miller, PhD was recently selected to receive one of only five University of San Diego University Professorships for 2014-2015. This is the highest academic honor bestowed university-wide and is awarded in recognition of his outstanding scholarly achievements in teaching and research. The University Professorship carries with it a substantial cash award. Miller will be among the five elite professors featured at USD’s Fall Convocation on Sept. 12, 2014. We take great pride in his achievements and the global esteem in which he is held by the academic community and industry leaders.

Mark J. Riedy, PhD, executive director of the Burnham-Moores Center for Real Estate, was selected as a “Top Influential” for 2014 by The Daily Transcript/San Diego Source. Finalists were selected by senior executives of the Transcript from a group nominated by members of the business community and staff of the Transcript. Criteria for nomination and selection included: public recognition; recognition as an opinion leader within the community; and contributions made to the public via dialogues at industry roundtables at the Transcript. Riedy was also recognized as a “Top Influential” by the Transcript in 2009.

Riedy was also selected for inclusion in the 2015 edition of “Who’s Who in the World” due to his outstanding achievements in the real estate and banking industries. Riedy has appeared in the “Who’s Who in America” since 1982 and “Who’s Who in the World” since 2005.

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MSRE Students Travel to Hong Kong

Hong Kong
(From left to right) MBA student Sam Shaughnessy, Professor Charles Tu and MSRE students Victor Alfonso, Will Bettencourt, Omar El-Mofty, Edward Allen, Yin-Yu Liang, Matthew Kabak, Ben Murray, Michael Tran, guest Liliana Pereira and MSRE student Bernardo Simões at Victoria’s Peak in Hong Kong.

During the winter intersession, nine MSRE students and one MBA student traveled to Hong Kong from Jan. 8-18 to take a “Commercial Real Estate Capital Markets” course taught by Professor Charles Tu, PhD. The study abroad program allowed students to learn about Hong Kong’s business and economic environment through coursework‚ expert guest lecturers and opportunities to participate in socio-cultural group activities.

Hong Kong
The class visited Chi-Lin Nunnery in Hong Kong.

The program, coordinated by USD’s Ahlers Center for International Business, included joint sessions with graduate students from Hong Kong Polytechnic University. In addition to lectures and activities in the classroom‚ the students visited CBRE in Hong Kong. “The visit to CBRE offered terrific insight into the Asian real estate market and provided valuable information regarding the specific product types, rents and expectations within the local market,” said Ben Murray, MSRE student.

Students also met with Deming Zhang ’06 (MSRE), who works for China Vanke Co., the largest real estate developer in China with sales totaling over 170 billion RMB (approximately U.S. $28 billion) in 2013. Zhang came to talk about Vanke’s activities in the global capital market. Last year, the company’s Hong Kong subsidiary successfully issued Chinese RMB and U.S. dollar-denominated bonds in Asia and Europe.

Outside of the classroom, students had the opportunity to experience the Hong Kong culture. The group took city tours to visit popular tourist attractions, including Victoria’s Peak, the Happy Valley Racecourse, the iconic Jumbo Floating restaurant and Chi-Lin Nunnery. The program also included an excursion to visit Macau and the Ruins of St. Paul.

Several students extended their overseas travel to Hong Kong and ventured to other countries in Asia, such as Japan, Taiwan, China and Singapore. The students who visited Singapore decided to visit the CBRE office there as well to learn even more about real estate markets in Asia.

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USD Teams Selected for NAIOP and ARGUS Case Competitions

USD’s NAIOP University Challenge team (from left to right) Jon Fuller, Katerina Tisch, Dan Leon, Kelsey Rooney, Michael Bosco and Dana Pressley.

Recently selected team members who will represent the University of San Diego in the 2014 NAIOP University Challenge include: Michael Bosco, Jonathan Fuller, Dan Leon, Dana Pressley, Kelsey Rooney and Katerina Tisch. Professor Charles Tu, PhD, will serve as faculty adviser to the team.

The USD team will compete head-to-head in a real estate competition against teams from San Diego State University and the University of California-San Diego. The team must provide recommendations on the highest and best use for the U.S. Postal Service-Midway Distribution and Processing Facility, located at 2535 Midway Drive, in the Midway/Pacific Highway district of the greater Point Loma area. Potential areas to be addressed may include: financing, transit-oriented issues, sustainable development, traffic patterns, community impact and feasibility.

After submitting a written report and making a formal presentation of their findings to judges, each team will present their case to NAIOP members and their guests on April 25 at the Marriott Del Mar. The winning team will be announced at the event.

ARGUS Team 2014
The 2014 ARGUS Software University Challenge team (from left to right) Will Bettencourt, Omar El-Mofty, Jon Mesa, Victor Alfonso and Ben Murray.

The University of San Diego’s Master of Science in Real Estate team for ARGUS Software’s 2014 University Challenge was recently selected and includes: Victor Alfonso, Will Bettencourt, Omar El-Mofty, Jon Mesa and Ben Murray. Professor Tu will also serve as faculty adviser to this team.

This year, there are 16 schools competing in the ARGUS challenge, including University of Chicago, Cornell University, Indiana University, New York University, Pennsylvania State University and York University in Toronto, Canada.

Each team is required to complete a case study for the competition. Teams will simulate a comprehensive real-life development analysis of a fictitious commercial real estate project by modeling the provided assumptions using ARGUS software, the real estate industry standard for commercial real estate analysis. The challenge gives students the unique opportunity to participate in a powerful and compelling competition that enhances knowledge of ARGUS solutions. Their results are submitted in written report form to a panel of academic and industry judges.

The USD team began working on the comprehensive case on Feb. 7. The final report is due due on March 21 and ARGUS will announce the winner on April 25.

The USD team has been recognized all four years the international competition has been held; winning first place in the competition on two occasions and second place in two competitions.

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MSRE Students to Participate at MIPIM

MIPIM brings together the most influential players from all international property sectors, including office, residential, retail, healthcare, sport, logistics and industrial and offers unrivalled access to the greatest number of development projects and sources of capital worldwide. This year, the program will be held in Cannes, France March 11-14, 2014.

As reported in the November 2013 issue of The Pipeline, USD’s MIPIM team will be heading to France over their spring break to serve as reporters at the conference, which draws nearly 20,000 attendees. This is the second year that USD students are invited to partake in this event, along with only two other U.S. schools – The University of Wisconsin and New York University. Only one other school in Europe, ESSEC, provides up-to-date reports on the meetings. USD students will be blogging throughout the event and several of their articles will be published. Sean Murphy, USD MSRE student, was recently published in MIPIM Worldblog.

Professor Norm Miller, PhD, will attend MIPIM with the students and speak in two important sessions.

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MSRE Student Receives Grant to Attend RERI Conference

Sean Murphy
Sean Murphy

MSRE student, Sean Murphy, was selected to attend the annual RERI Research Conference at DePaul University in Chicago April 29-30, 2014. Murphy will be eligible for a stipend up to $1,000 to cover travel-related expenses.

RERI’s Research Conferences feature presentations of funded papers which are selected on the basis of their contributions to real estate investment decision-making. Conference attendees are among the top academic researchers and practitioners in the institutional real estate industry. By attending the conference, Murphy will have opportunities to hear from and speak with these highly respected individuals and gain valuable experience and industry insights.

Murphy is the first USD student to have received a grant to attend a RERI conference.

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Alumni Matters

Rob Brown
Rob Brown ’11 (MSRE)
Alan Cox
Alan Cox ’11 (MSRE)
Eric Garfield
Eric Garfield ’97 (MBA)
Espen Thoegersen
Espen Thoegersen ’00 (BBA)

Robert Brown ’11 (MSRE) is the owner of Fantastik Realty, a boutique firm focusing on high-end residential brokerage and real estate investments in San Diego and Las Vegas. Fantastik also offers a one-stop, turn-key residential construction, rehab and property management service. Brown recently represented the buyer of 5950 Camino De La Costa in La Jolla. The purchase price of $16,250,000 was one of the highest priced homes sold in San Diego since the market crash. Brown has represented investors on the purchase of six water front properties in Mission Beach over the past two years. The company is currently working to find a 1031 Upleg for a buyer in Las Vegas (Class A 50-85MM transaction size) and has listings in La Jolla and on the Mission Beach oceanfront.

Alan Cox ’11 (MSRE) recently joined NAI San Diego as vice president. NAI is a locally owned and independently operated, full-service commercial real estate brokerage and property management firm offering an array of services to businesses. In this position, Cox will engage in all areas of brokerage, with an emphasis on commercial loan origination and advisory services. Cox is a commercial real estate professional with over 23 years of experience in finance, acquisitions, management and dispositions. He spent nearly 10 years in asset and property management and has more recently focused on finance, lending and acquisition of a wide range of commercial property types. Cox is a board member of USD’s Real Estate Alumni Association.

Eric Garfield ’97 (MBA) was recently promoted to WTAS’s team of 14 managing directors in the Los Angeles office. He joined WTAS in 2009 as a director in the valuation services practice. Garfield entered the field of commercial real estate in the early 1990s and is licensed as a certified general appraiser in several U.S. states, including California and Florida. He performs valuation analysis and consulting assignments for estate planning, estate tax, financial reporting (ASC Topics 805, 350, 360 and 820), bankruptcy, ad valorem, litigation support and financing. His clients include attorneys, accountants, lenders, trust officers and developers.

Espen Thoegersen ’00 (BBA) recently launched Urban Jungle; an innovative investment management firm focusing on investment, redevelopment and management of urban properties primarily in urban centres across the Scandinavian region. Urban Jungle combines real estate investments with new, innovative and attractive user concepts. The company creates value by integrating urbanization, concept development and real estate know-how in its investment approach. Urban Jungle has already made its first investment in the trendy neighborhood, Grünerløkka, in Oslo, Norway, which was recently ranked as one of the top 10 most interesting and up-and-coming neighborhoods around the world, according to Lonely Planet.

Alumni News
If you are a USD alum working in the real estate industry, we would like to hear from you. Please e-mail Diane Gustafson with recent and significant career-related achievements and initiatives. All submissions will be considered for publication.


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Does the Rapidly Recovering Local Real Estate Market Provide Investors a Safe Haven from Global Economic Uncertainty?

By Kevin Villani, PhD, executive scholar of the Burnham-Moores Center for Real Estate

Kevin Villani
Kevin Villani, PhD, BMC executive scholar

Just over a century ago, my grandfather fled the turmoil of the Middle East and the approaching world war in Europe for the stability of Boston, where he became a successful commercial real estate investor over four decades without much concern for world affairs. But things are different now.

The dramatic changes in federal taxes during the early 1980s exposed the domestic political risk of commercial real estate and later that decade the spill-over of the Japanese stock and real estate bubbles into California the international political risk.

Historically, owner-occupied housing provided the safest investing haven for most households during the second half of the last century. However, sub-prime lending in the U.S. during the first half of the last decade inflated by cheap Federal Reserve credit channeled through government sponsored enterprises Fannie Mae and Freddie Mac created an unprecedented bubble in house prices. After the bubble burst the Federal Reserve pumped trillions of dollars into the economy to cushion the banking system from a rapid decline in house prices and to keep stock prices up to stimulate domestic consumption. This policy encouraged institutional investors to buy more than a third of homes previously sold to owner-occupiers.

All asset markets are now global and subject to political manipulation. Defenders of past manipulation argue that “things would have been even worse” while detractors believe it merely accommodated a continuation of bad fiscal and regulator policy. Unarguable is that current market prices do not reflect saving and investment fundamentals and policy is treading unchartered territory largely beyond the Federal Reserve’s control.

The mere hint of a slowdown in monetary expansion last spring caused an immediate reaction in the U.S. stock market and rising interest rates stifled the housing recovery in many places. Moreover, the Federal Reserve’s policy of negative domestic real rates of interest created a global search for higher yielding assets, causing a credit boom in emerging market economies that fueled an unsustainable growth spurt and rising exchange rate. Now the announcement of a gradual reduction in the Federal Reserve’s ongoing asset purchases has caused emerging market exchange rates to plummet, deflating their stock markets.

The U.S. Federal Reserve could arrogantly ignore the international consequences of domestic market manipulation because the dollar dethroned the 150 year reign of the British pound as the global reserve currency in the second half of the last century due to the relative strength of the post war U.S. economy and the fact that the U.S. held 70 percent of the global stock of monetary gold. The price of gold, generally an indicator of investor uncertainty, more than doubled during the first few years of “quantitative easing” and many interpret the 30 percent fall in prices in 2013 to central bank selling rather than improving investor confidence. The dollar has lost all claim to international reserve status save for inertia and the current pervasive weakness and shortcomings of all the alternatives.

Great Britain learned the consequence of this loss of status in 1956 when along with France and other European countries it invaded Egypt to reverse the nationalization of the Suez Canal. Stymied at the United Nations, U.S. President Eisenhower dumped sterling bonds on the market, causing the pound to plummet with the British unable to defend it. Turmoil in the Middle East today is as great or greater than it was then and China arguably has the same power over the value of the dollar today as the U.S. had over the value of the pound then.

Safe havens are hard to find in an unstable global economy with politically distorted asset prices.

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Localized Affordability Indexes Are Possible and Mitigate Some Housing Crisis Claims

By Norm Miller, PhD

For many years, affordability indexes have been based on an assumed 80 percent loan to value (LTV) ratio mortgage using prevailing mortgage rates, which neglect to account for the variation observed in equity used at closing. Using an 80 percent LTV assumption ignores the impact of existing wealth, in some cases derived from selling previously owned homes as well as other sources. We see that in the most affordable neighborhoods, or lowest priced areas relative to income, homeowners tend to use more debt and the typical LTVs actually exceed 80 percent, while the inverse is true for the least affordable neighborhoods. San Diego County provides an excellent example of these relationships (see chart below). If we assume an 80 percent LTV in Rancho Santa Fe, a very small percentage of households could “afford” their house considering their current household income only. When we look at relatively higher priced and larger homes in Rancho Santa Fe we see even lower LTVs. In Chula Vista we should probably use something closer to 90 percent to reflect the heavy use of FHA financing and/or second mortgages. The point is that in order to be more realistic, we should consider a more localized housing affordability analysis, ideally calculated by price range or size as well as neighborhood. If we moved toward reality we would also find there is less of a housing affordability crisis than often claimed.



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USD Career Services Visits Real Estate Society Meeting

Real Estate Society
Robin Darmon speaks to the USD’s Real Estate Society Feb. 11.

On Feb. 11, USD’s Director of Career Services, Robin Darmon, attended the Real Estate Society’s first meeting of the 2014 spring semester. Darmon introduced students to an array of robust resources the career services center offers. She emphasized three important tips to help students seeking full-time positions or internships:  professional dress and demeanor, resume preparation and interview tips. Darmon concluded the meeting with an interactive activity to help students prepare a “30 second elevator pitch” for the upcoming BMC Real Estate Career Expo on Feb. 27. 

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Burnham-Moores Center Welcomes New Staff

Mandelin Meehling
Mandelin Meehling
Ashley Adams
Ashley Adams

We are pleased to announce two recent additions to the Burnham-Moores Center’s team. Mandelin Meehling has replaced Annie Grand as the student and alumni services manager. Prior to joining the University of San Diego, Meehling was the associate director for the Cox School of Business Career Management Center at Southern Methodist University in Dallas, Texas where she served as the liaison between undergraduate students and industry professionals. She provided career coaching and job placement services to undergraduate and graduate students and managed alumni relations projects. Meehling has a bachelor’s degree in human and consumer sciences with an emphasis in family studies from Ohio University and a master’s degree in education with a concentration in community and rehabilitation counseling. Meehling will be responsible for all student and alumni-related activities at the center. She may be reached at (619) 260-7619 or

Ashley Adams replaces Myla Wilson as the new academic program coordinator for the MSRE program. Most recently, Adams served as the executive assistant for the legal Writing and Research program at USD’s School of Law. She earned a Bachelor of Arts degree in communications, business administration and Spanish at USD, and is also a graduate of USD’s Paralegal Certificate Program. Adams may be reached at (619) 260-8803 or

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BMC Faculty and Staff Speak at Local and International Industry Events

Mark Riedy, PhD, speaks at The Daily Transcript’s “The Real Deal” event.
Vivek Sah
(Left to right) Priya Kannan-Narasimhan, PhD and Vivek Sah, PhD at the 3rd Biennial Conference of the Indian Academy of Management.
Joe Bertocchini
Joe Bertocchini speaks at the 30th Annual San Diego County Economic Roundtable.

Executive Director Mark Riedy, PhD, participated in The Daily Transcript’s executive roundtable Jan. 16, which included a group of senior real estate executives discussing major trends in San Diego’s residential and commercial real estate markets. On Jan. 21, Riedy also served as a moderator on a panel titled “The Ins and Outs of Mergers and Acquisitions in Real Estate” for the San Diego Chapter of the Association for Corporate Growth. The panel included Dan Broderick, president of Cassidy Turley, San Diego and Kent Griffin, president and COO of BioMed Realty Trust. The audience consisted of investment bankers, lawyers, accountants and a wide range of professionals. Additionally, Riedy was the featured speaker at The Daily Transcript’s “The Real Deal” event which was co-hosted by the Burnham-Moores Center and held on campus Jan. 29. Riedy provided an overview of the history of the Center and its relevance to the local real estate community.

Assistant Professor Vivek Sah, PhD, attended the 3rd Biennial Conference of the Indian Academy of Management from Dec. 12-14, 2013, held at the Indian Institute of Management in Ahmedabad. Sah presented his work on affordable housing in India at a research symposium on “Organizational Ingenuity or Systematic Innovation: What is Relevant in the Present Indian Economic Context?” The symposium was organized by Priya Kannan-Narasimhan, PhD, a USD School of Business Administration faculty member.

Director of Residential Real Estate, Joe Bertocchini, was a featured panelist at the 30th Annual San Diego County Economic Roundtable held on campus Jan. 17. Bertocchini provided a 2014 residential real estate forecast to the audience, referencing data from Collateral Analytics and SDAR. He also participated in the San Diego Business Journal’s “Top Deals” event where he reviewed and judged “top deals in 2013” submissions made by brokerage firms across the county and then attended the awards event on Feb 13.

Professor Norm Miller, PhD, was the featured speaker at the SIOR San Diego dinner meeting in La Jolla Feb. 20. He discussed education, minimum wages and provided his 2014 economic outlook, including commercial real estate trends and predictions.

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USD Index of Leading Economic Indicators

Alan Gin
Alan Gin, PhD

Alan Gin, PhD, associate professor of economics at USD, has compiled the “USD Index of Leading Economic Indicators for San Diego County” for the Burnham-Moores Center since January 2002. The Index is a highly regarded monthly report which offers an outlook of the local economy. Gin is a popular resource for information and analyses and has given over 1,000 interviews to local and national media sources since 2002.

Gin’s most recent Index report appears monthly in The Pipeline.

To schedule a media interview with Gin, please contact Kimberly Malasky, director of communications and administration.

Back to TopIn the News

Professor Norm Miller, PhD, and associate professor Alan Gin, PhD, were included in the Dec. 20, Dec. 27,  Jan. 3, Jan. 10, Jan. 17, Jan. 27, Jan. 31 and Feb. 14 editions of U-T San Diego’s “EconoMeter.”

Executive Director Mark Riedy, PhD, was highlighted in a Dec. 30 Daily Transcript article on his career and the history and the future of the Burnham-Moores Center.

Norm Miller, PhD, was quoted in a Dec. 30 article on the current state of commercial PACE Energy Efficiency Financing.

Norm Miller, PhD, was quoted in a Jan. 2 U-T San Diego article on interest rates prospects for 2014.

Mark Riedy, PhD, was mentioned in a Jan. 27 Daily Transcript article after participating in the Transcript’s executive roundtable discussion on commercial property earlier in the month.

Alan Gin, PhD, was featured in The Daily Transcript, the San Diego Business Journal, and 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.

The Burnham-Moores Center for Real Estate’s 18th Annual Real Estate Conference was featured in U-T San Diego, The Daily Transcript and the San Diego Business Journal following the event.

Norm Miller, PhD, was quoted in a Feb. 18 Forbes article on office space and workplace trends.

Media and Speaking Engagement Inquiries
The Burnham-Moores Center for Real Estate is proud to connect our world-class faculty and executive team with the media and the community to discuss a wide range of real estate related industry topics. To request an interview or speaking engagement, contact Kimberly Malasky at (619) 260-4786.

Back to TopCalendar of Events

THURSDAY, FEB. 27, 2014

12th Annual Real Estate Career Expo

The 12th Annual Real Estate Career Expo, conducted speed-networking style, connects graduate and undergraduate students with company representatives from a variety of fields within the industry. Company representatives receive a résumé book of students registered for the event. Students are given a list of the real estate-related employers participating in the event.


Time: 12:00 – 2:00 p.m.
Location: Hahn University Center, University of San Diego campus


Registration to this event is now closed. For more information, contact John Ferber at (619) 260-7513.

WEDNESDay, APRIL 2, 2014

Ahlers Center for International Business Speaker Luncheon: “Investing Beyond the Border”

Stephen Williams is a managing partner of SENTRE Partners and co-founder of Vesta, an industrial real estate development company with a $1 billion market cap. Williams will elaborate on his joint venture with a Mexican entrepreneur, starting a company (Vesta) across the border. Vesta owns 13 million square feet of real estate and is traded on the Bolsa (Mexican Stock Exchange).


Time: 12:00 – 12:30 p.m. Complimentary lunch; 12:30 – 1:45 p.m. Presentation
Location: Mother Rosalie Hill Hall (SOLES), Room 102, University of San Diego campus


RSVP for the event.


For more information, contact Erin Kellaway, external programs manager, at (619) 260-6809.

TUESDay, MAY 6, 2014

Fourth Annual BMC Day at Petco Park

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


Time: 6:10 p.m. Pre-game food and drinks on the Skyline Patio; Game begins at 7:10 p.m.
Location: Petco Park, 100 Park Blvd, San Diego, 92101
Cost: $50 per person (represents a 10 percent subsidy picked up by the Burnham-Moores Center)
Additional Information: The Skyline Patio is a private area overlooking third base and is reserved exclusively for the BMC. There is a limit of four tickets per person. Tickets will be available for pick-up at the BMC office between April 21 - May 5.

Register for the game.

For questions, contact Mandelin Meehling at (619) 260-7619.

THURSDay, JULY 24, 2014

Mid-Year Economic Outlook Conference – SAVE THE DATE!

Location: Joan B. Kroc Institute for Peace & Justice, University of San Diego campus
Keynote Speaker: Mark Fleming, PhD, chief economist of CoreLogic


For sponsorship opportunities or for more information, contact Diane Gustafson at (619) 260-2379.

Back to TopContinuing Education Courses

STARTS TUESDay, March 4, 2014

Real Estate Investment and Income Analysis 102