Latest News

Letter from the Executive Director

Mark RiedyMark Riedy, PhD

Continuing from last month’s letter, the Burnham-Moores Center’s second strategic priority is to address what we view as a major opportunity, that is, adding value to the residential real estate industry. Residential real estate markets have recovered ― the term I’ve been hearing lately is “normalized” ― so the timing is good. Moreover, we have a strong contingent of about 30 industry leaders on our Policy Advisory Board Residential Real Estate Committee, executives committed to helping strengthen our industry programming and work more closely with our students to ignite their interest in careers in residential real estate.

BMC Day at Petco ParkFor our part, we are resurrecting our Mid-Year Economic Update Conference after a hiatus of several years during the industry’s dark days. On July 24, 2014 the program will feature Mark Fleming, chief economist of CoreLogic, as keynote and USD’s Alan Gin, who will share his views on the local economy. At year end we will present the Center’s 15th Annual Residential Real Estate Outlook Conference, thereby providing our residential real estate community with two major outlook events to help keep your pulse on future prospects for interest rates, supply, demand and regulatory challenges and opportunities.

Our Residential Real Estate Committee meets three times annually. Its next session will be held on April 24th and will cover opportunities for members to gain valuable access to current students, aka future employees. We are placing greater emphasis on opportunities for careers in residential real estate through mentoring by executives, semester and year-long internships, and ultimately full-time jobs. We were pleased to notice a strong return of residentially oriented firms at the recruiting tables at our recent Career Expo. Firms like Chelsea Investment Corporation, Residential Wholesale Mortgage and the homebuilding-oriented lending group of Wells Fargo were among the many companies that attended to recruit from our talented students. Jim Schmid, CEO of Chelsea, currently serves as chairman of the local chapter of the Building Industry Association and is an active member of the Center’s Policy Advisory Board Residential Real Estate Committee. Through Jim’s leadership and that of the BIA’s CEO, Borre Winckel, the Center is involved in research relevant to the BIA’s membership’s interests.

The Center’s Residential Real Estate Committee is led by local home builder, Joe Anfuso, ’84 (BBA), ’89 (MBA), chief financial officer of ColRich Communities and includes staff executives of the San Diego Association of Realtors, Mike Mercurio as well as his BIA counterpart, Borre Winckel. For a complete listing of the industry volunteers on the Residential Real Estate Committee and other BMC Policy Advisory Board committees, please visit the Center’s website. Finally able to come up for air after the prolonged recession in residential markets, committee members are energized about our commitment to add increased value to the residential industry and attract more of USD’s talented graduating students into residential real estate firms (builders, developers, contractors, lenders, consultants, brokerage firms and others). If you are interested in providing internships, serving as a mentor next fall or recruiting students ready, willing and anxious to launch careers, please contact Mandelin Meehling, student and alumni services manager, at (619) 260-7619.

The Center’s programming responds to industry needs and demand, which means that our stakeholders serving on the Residential Real Estate Committee are invaluable assets as industry representatives. We pay attention to their advice. They represent a broad spectrum of residential real estate-related firms in this region and as industry leaders they are well-connected, highly regarded and knowledgeable about San Diego’s residential real estate industry. Committee members drive our thinking and actions, which candidly is our best assurance that the Center’s programming, on your behalf, will be relevant, timely and informative. Save the date for our upcoming Mid-Year Economic Update Conference on July 24th to keep up with the latest insights and trends from experts, spend quality time with your friends, colleagues and competitors and say hello to me and the entire Burnham-Moores Center faculty and staff. We will be there to listen and learn as well.

Mark J. Riedy, PhD
Executive Director

Back to Top

BMC Professors Win Best Paper Award at ARES Conference

Norm Miller Vivek Sah
Norm Miller, PhD Vivek Sah, PhD

A paper, titled “Are Green REITs Valued More?” co-authored by Professor Norm Miller, PhD, and Assistant Professor Vivek Sah, PhD, won the best paper award published in the Journal of Real Estate Portfolio Management for 2013. The award was announced at the 30th Annual Meeting of the American Real Estate Society (ARES) held April 1-5 at the Coronado Marriott. The paper examines REITs that are “green” and finds evidence of positive impact on the firm value as measured by Tobin’s q. Further, their results show that green REITs have a higher return on assets than their less-green peers.

Charles Tu
Charles Tu, PhD

At the ARES Conference, Miller and Charles Tu, PhD, professor and director of the MSRE program, mentored doctoral students and participated as panelists or moderators during several sessions. Additionally, Tu discussed a paper during a session spoken only in Mandarin. This year’s annual conference featured more than 270 cutting-edge real estate research papers on topics including housing markets, sustainability, trends and market analysis, mortgage markets and REITs. ARES is a leading real estate research and education organization whose mission is to influence real estate thought leadership and decision making.

Back to Top

BusinessWeek Ranks USD’s Business School in the Nation’s Top 50

BloombergAccording to Bloomberg BusinessWeek’s most recent rankings, the University of San Diego’s School of Business Administration (SBA) is ranked one of the Top 50 undergraduate business school programs in the nation for the eighth consecutive year. USD’s program moved up five spots from last year to No. 41. It also ranked among the top three on the West Coast, behind University of California, Berkeley (No. 15) and University of Southern California (No. 28).

For the sixth time since 2008, USD’s SBA received an A+ grade for teaching quality and an “A” for facilities/services and career placement. Ninety percent of USD students have job offers within three months of graduation, as compared with the average of 78 percent at all ranked schools.

“This good news would not have been possible without the hard work of the faculty, staff and administrators at the school,” said SBA Dean Dave Pyke, PhD.

Over the past decade, USD’s business school has gone from unranked and largely unknown outside of Southern California to being recognized as one of the top programs in the country. This success has brought a sharp rise in interest in USD among college applicants and transfer students. USD’s majors and minors in real estate are an integral part of this nationally ranked USD undergraduate business curriculum.

With this exciting news, we expect increased interest in our MSRE and undergraduate real estate programs. Your referrals help further the Burnham-Moores Center’s mission to create exceptional value for the real estate professionals of today and tomorrow through personalized education and career services, industry support, research and the promotion of socially responsible leadership.

Back to Top

Scholarship Donors and Recipients Meet at Annual USD Luncheon

Scholarship Luncheon
(From left to right) Katie Yee of CREW San Diego, MSRE student Aaron Cook, Jennifer Shumaker of CREW San Diego, Administrative Director of the MSRE Program Ines Kraft, PhD, MSRE student Benjamin Murray and Student and Alumni Services Manager Mandelin Meehling enjoy lunch at USD’s 2014 Scholarship Appreciation Luncheon.

On April 1, real estate scholarship recipients and their respective donors attended USD’s 2014 Scholarship Appreciation Luncheon held at the Hahn University Center on campus. The university-wide annual luncheon recognizes and thanks USD donors for their generous contributions and promotes the opportunity for both parties to meet and get acquainted. This year’s event featured Irwin M. Jacobs, PhD, founding chairman and CEO emeritus of Qualcomm. Jacobs spoke about technology and education and highlighted USD’s Mobile Technology Learning Center at the School of Leadership and Education Sciences. He and his wife established the Center through a grant in 2011. Each year the scholarship luncheon highlights a different program on campus. Last year, the Burnham-Moores Center for Real Estate was featured.

View a full list of recent real estate scholarship recipients.

Back to Top

Real Estate Professors Attend SBA Faculty Development Trip

Faculty Development Trip
SBA faculty visit LG Electronics showroom in Seoul, South Korea to learn about the new products the company plans to launch.

Real Estate faculty members Vivek Sah, PhD, Charles Tu, PhD, and John Demas, Esq. were part of a faculty development trip to South Korea and Japan during the March 8-16 spring break. The trip was organized by USD’s Ahlers Center for International Business. The 26 faculty who attended learned about the business environment in Japan and South Korea while experiencing the culture in each country. Faculty members visited a number of companies, including Hyundai Motor Company, LG Electronics and SK Hynix in Seoul and Fujitsu, Aflac and Google in Tokyo. They also visited the Korean University Business School in Seoul and the Graduate School of Business Sciences at the University of Tsukuba in Tokyo.

“The faculty development trip was an amazing opportunity to get to know other USD colleagues outside of the normal hustle and bustle of the academic year,” said Sah. “The trip offered exposure to business practices in South Korea and Japan, which are valuable for faculty to share with their students. Many of these business practices are unique to the local culture and will offer important insights into business decision-making related to those cultures. When I explained the state of commercial real estate in Seoul and Tokyo, my students were fascinated by the high density of commercial real estate in these cities, something they don’t see in San Diego.”

Back to Top

MSRE Students Attend LEED Workshop

MSREOn April 4, Master of Science in Real Estate (MSRE) students attended an eight-hour training workshop to help prepare them for the LEED Green Associate exam. The course is designed to complement the Sustainable Real Estate course (MSRE 517) and help students better understand green building practices and LEED core concepts. At the end of the workshop, each student received a certificate of completion which makes them eligible to take U.S. Green Building Council’s (USGBC) LEED Green Associate exam.

The LEED Green Associate is the first level of certification of the USGBC. Passing the exam officially recognizes a strong basic knowledge of green building practices, including the design, operation and maintenance of green structures. It does not, however, denote advanced expertise in any of the more specialized areas of these practices or make one a LEED AP (Accredited Professional), which requires passing a second exam.

Back to Top

MSRE Students Visit Meissner-Jacquét

MeissnerMaster of Science in Real Estate students visited Meissner-Jacquét, a local commercial real estate management company, at its Sorrento Valley office on March 28. Vice President Kevin Tagle, along with Lyslie Brooks, real estate manager, Ali Conwell, property assistant and Danielle D’Andrea ’07 (BBA), sales and marketing manager, spoke to the students about commercial real estate management and the market as it has evolved over the past few decades. MSRE students also enjoyed an inside look at the firm and its operations.

Back to Top

Real Estate Society Members Learn About Business Etiquette

Real Estate Society Meeting
Guest speaker Renee Savage (left) required all Real Estate Society members to participate at the meeting on March 27.

Renee Savage ’88 (BBA), senior vice president for property management at Capital Growth Properties, Inc., was the featured speaker at the USD Real Estate Society meeting on March 27. Savage used an engaging and light-hearted approach to mentor students on proper business etiquette. She used a “Jeopardy-style” approach, covering a wide range of topics, including professional mannerisms and dining etiquette. Savage used each question as an opportunity to share relevant tips with students and answer their questions. Sean Giffin ’11 (MSRE), leasing director at NTC Foundation at Liberty Station, also attended the meeting. Giffin introduced Real Estate Society members to NAIOP’s Developing Leaders program to encourage their participation.

Back to Top

Casual Thursday Event Brings Real Estate Alums Together  

Casual Thursday
(From left to right) Sean Zanganeh ’08 (BBA), Jameson Johnson ’13 (BBA), CJ Stos ’00 (BBA), Edward McCarthy ’11 (BAcc), guest Sue Piccorillo, Somer (Holstein) Reynolds ’02 (BAcc), and REAA co-chairs Kate Gillingham ’09 (BBA) and Kelly Ness ’12 (BBA) network at the April 10 “Casual Thursday” event.

On April 10, Real Estate Alumni Association (REAA) members gathered at Cucina Enoteca in Del Mar for a “Casual Thursday” real estate networking event. USD graduate and undergraduate alumni working in the real estate industry attend this event to mingle with their classmates and make new connections within USD’s real estate community.

“Casual Thursday is an awesome opportunity to get together with other USD real estate alums,” said REAA co-chair Kate Gillingham. “I work in residential real estate, and I really enjoy networking with a mix of residential and commercial professionals. Knowing they all have an affiliation with USD and the Burnham-Moores Center makes it easy to strike up a conversation.”

Join or learn more about USD’s Real Estate Alumni Association.

Back to Top

Miller Presents Workspace Trends Research via Teleconference

Professor Norm Miller, PhD, presented his research on workspace trends to Prudential Real Estate Investors employees, who tuned-in via teleconference from their offices from across the nation on April 7. Miller delivered his presentation titled “Collaborative, Productive and Innovative Workspaces: Implications for Future Office,” which many of our local Center supporters were able to see Miller present live at the Burnham-Moores Center’s 18th Annual Real Estate Conference in February. Prudential’s conference call organizers distributed his slides in advance to the audience, which included employees from all levels of the company from analysts to managing directors.

The Burnham-Moores Center for Real Estate is proud to connect our world-class faculty and executive team with the real estate community to discuss a wide range of industry topics. To inquire about a speaking engagement, contact Kimberly Malasky at (619) 260-4786.

Back to Top


Preparing for Your Job Search

By Mandelin Meehling, Student and Alumni Services Manager

Mandelin Meehling
Mandelin Meehling

Each month, Mandelin Meehling, student and alumni services manager at the Burnham-Moores Center for Real Estate, will offer important career advice and tips for students, alumni and job seekers in the real estate industry.

Are you asking yourself: “What do I want to do when I ‘grow-up’ or “How do I make my next career move?” Before beginning a job search there are several components to consider in the preparation process:

  • Identity your interests and skills, along with taking time to reflect and/or reevaluate your career path. Do you want to continue working in a similar role but in a different industry or company? Is now a good time to consider other career paths within real estate? Do you need additional education, training or certifications to progress within your career? Changing positions doesn’t always guarantee career satisfaction. Therefore, consider the above questions carefully before taking the next step in your search.
  • Professional Documents – Update and custom tailor all professional documents including: resume, cover letter, portfolio, LinkedIn profile and business cards to ensure consistency and relevance to the position for which you are applying.
  • Targeted Company Research – Determining the type of company you would like to pursue is a critical part of the job search. Consider the size, culture, public vs. private, and the location where you want to work to ensure a good fit.
  • Networking – Identify and expand your network. Attend professional association meetings, conferences and networking events. Inform and update alumni as well as old contacts about your job search. Schedule information meetings with professionals in the field you desire to learn more about opportunities and to expand your network of contacts. Don’t forget the importance of creating and/or growing your online network such as; LinkedIn groups.

Stay tuned for more career advice to come next month. Feel free to make an appointment for more personalized career advice in real estate.

Back to Top

Alumni Matters

Sean Giffin
Sean Giffin ’11 (MSRE)
Chris Lisle
Chris Lisle ’11 (BBA)
Sunny Patel
Sunny Patel ’10 (MSRE)

Sean Giffin ’11 (MSRE) was recently recognized as a 2014 “Young Influential” by The Daily Transcript. Giffin has been NTC Foundation’s leasing manager since 2008 and helped overhaul 27 of their historic buildings at Liberty Station in Point Loma. Sixteen of the 27 buildings that were intended for civic, arts and cultural uses have been completed and are 83 percent occupied. Some of the major tenants include: KMA Architecture, San Diego Ballet, Solare Restaurant, the Women’s Museum of California and the San Diego Watercolor Society. Giffin serves on NAIOP Developing Leaders’ Council, where he has been a member for seven years and served as co-chair in 2012. He is also a board member for Voices for Children’s Young Professional Group, a nonprofit that arranges for court-appointed advocates for foster children. Giffin served as Voices for Children YPG’s board chair in 2013.

Chris Lisle ’11 (BBA) recently joined Pirzadeh & Associates, Inc. as a development associate. Pirzadeh is a privately held real estate advisory firm, specializing in project management, entitlements and transportation planning. In this role, Lisle will be overseeing development projects in both Northern and Southern California for the Irvine Company, in addition to other clients of the firm. Previously he held the title of senior development analyst for the Irvine Company in Northern California, where he provided support and analysis during the construction of over 6,000 luxury multifamily units. After graduating from USD in 2011, with a degree in real estate and economics, Lisle joined The London Group Realty Advisors as an investment analyst. There he conducted market research and feasibility studies for various product types and provided strategic recommendations for the company’s clients.

Sunny Patel ’10 (MSRE) recently joined Terramar Retail Centers as senior associate. Patel will be responsible for strengthening Terramar’s existing portfolio and acquisitions and development. Terramar is a privately held real estate investment, development and management company primarily focused on retail centers. Founded in 1996, the company has acquired over 6.5 million square feet of retail shopping centers and entitled more than one million square feet of development projects. Since graduating from USD’s MSRE program in 2010, Patel has held positions in acquisitions and asset management, most notably with Morgan Stanley’s private equity real estate arm as an associate and with OliverMcMillan as a senior financial analyst.

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


Back to Top

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. Gin is a popular resource for information and analyses and has given over 1,000 interviews to local and national media sources since 2002. The Index is a highly regarded report which offers an outlook for the local economy. The report is usually published monthly. Gin’s most recent Index report can be found on his website.

To schedule a media interview with Gin, please contact Kimberly Malasky at (619) 260-4786.

Back to TopIn the News

Professor Norm Miller, PhD, and associate professor Alan Gin, PhD, were included in the March 14, March 21, April 4 and April 11 editions of U-T San Diego’s “EconoMeter.”

Norm Miller, PhD, was quoted in an April 15 U-T San Diego article on the slow start to the peak homebuying season in San Diego County.

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

FRIDay, APRIL 25, 2014

Fourth Annual NAIOP University Challenge

Student teams from USD’s Burnham-Moores Center for Real Estate, SDSU’s Corky McMillin Center for Real Estate and UCSD’s Department of Urban Studies and Planning will compete head-to-head at the Fourth Annual NAIOP University Challenge. The topic for this year’s competition is the highest and best use and residual land value for a proposed site in San Diego County. Potential issues to be addressed may include financing, transit-oriented issues, sustainable development, traffic patterns, community impact, affordable housing and feasibility. Come cheer on USD’s team!


Time: 7:30 – 9:15 a.m. final presentation to NAIOP and general audiences
Location: San Diego Marriott Del Mar, 11966 El Camino Real, San Diego, CA 92130
Cost: $25 for NAIOP members, $40 for non-members and $10 for students


Register for the event.


For questions, contact Karen Burges at (858) 509-4110.

WEDNESDay, APRIL 30, 2014

Meet and Greet Happy Hour for MSRE Alumni and Prospects

Bring a friend or colleague and come out for a drink and appetizers at O’Tooles. Faculty and administrators from the MSRE program as well as all of the other SBA graduate programs faculty and staff will be present to answer questions about the programs.


Time: 5:30 – 7:30 p.m.
Location: O’Tooles on the University of San Diego campus, 5998 Alcala Park, San Diego, CA 92110

RSVP for yourself and a guest.

TUESDAY, MAY 6, 2014

Eighth 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 students, alumni, faculty and industry professionals at this annual event.


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

Register for the game.

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

SATURDAY, MAY 17, 2014

One-Day ARGUS Developer Training

The Burnham-Moores Center for Real Estate will offer a one-day workshop covering the key features of ARGUS Developer, the leading software for real estate development projects. The software is used by commercial developers, home builders, land developers and financial institutions to analyze a project’s financial feasibility and conduct sensitivity analysis.


Time: 9 a.m. – 4:30 p.m.
Location: University of San Diego, Olin Hall Room 229, 5998 Alcala Park, San Diego, CA 92110
Cost: $350; a 10 percent discount is available for multiple registrations and for USD students, alumni and USD employees. The registration fee includes a 15-day temporary license of the software program.


Register for the training.

For questions about workshop content, contact Charles Tu, PhD. For registration questions, contact Diane Ice at (619) 260-2379.


Real Estate Alumni Association’s Annual Bowling Tournament and Scholarship Fundraiser

Join the USD Real Estate Alumni Association for its annual bowling tournament fundraiser. Net proceeds support real estate scholarships.


Time: 6 - 9 p.m.
Location: East Village Tavern and Bowl, 930 Market St., San Diego, CA 92101
Cost: $50 per player. Includes bowling, shoe rental, appetizers and two drink tickets


Register for the tournament.


Sponsorships are needed for this tournament. For sponsorship opportunities or for more information, contact Mandelin Meehling at (619) 260-7619.

TUESDay, JULY 15, 2015

Application Deadline for Fall 2014 MSRE Program

Apply or refer friends and colleagues now.


For more information, contact Ines Kraft, PhD at (619) 260-4150.


Mid-Year Economic Update Conference – SAVE THE DATE

Time: 7:30 - 8:30 a.m. breakfast, 8:30 – 10 a.m. program
Location: University of San Diego, Joan B. Kroc Institute for Peace & Justice, 5998 Alcala Park, San Diego, CA 92110
Speakers: Mark Fleming, PhD, chief economist of CoreLogic and Alan Gin, PhD, associate professor of economics, University of San Diego
Cost: $45 per person, includes registration fee and breakfast


To sponsor this conference, contact Diane Ice at (619) 260-2379.

WEDNESDay, NOV. 5, 2014

Fourth Annual Women in Real Estate Conference – SAVE THE DATE

Time: 7:30 - 8:30 a.m. breakfast, 8:30 – 10:30 a.m. program
Location: University of San Diego, Joan B. Kroc Institute for Peace & Justice, 5998 Alcala Park, San Diego, CA 92110

Keynote: Jean Kane, chief executive officer, Welsh & Colliers International and executive chairman of national NAIOP

For sponsorship opportunities or for more information, contact Kimberly Malasky at (619) 260-4786.

Back to TopContinuing Education Courses and Seminars


Legal Aspects of Real Estate



The Real Estate Process