Latest News

BMC Welcomes 2016 MSRE Class and Undergraduate Real Estate Students

Stath Karras
Stath Karras
Executive Director

The 2015-2016 academic year has officially begun. Throughout the year, the Burnham-Moores Center for Real Estate (BMC), in conjunction with the School of Business Administration (SBA), works closely with students interested in real estate, preparing them to be exceptional and well-rounded leaders within our industry. The BMC's dedicated team of faculty, professional staff and industry executives work closely with undergraduate real estate and graduate Master's in Real Estate (MSRE) students opening doors to opportunities for them to obtain mentorships, internships and careers within the real estate industry. We help facilitate students' career pursuits by guiding them in a socially responsible manner and with a global perspective.

USD real estate students graduate with outstanding leadership skills, are prepared to excel in their future careers and serve as stewards within the industry for future generations of real estate students. We encourage and welcome you to join us in supporting our mission by contacting Jackie Greulich, student services manager, or me with your interest in serving as a mentor or by offering an internship or career opportunity to our exceptional real estate students.

On behalf of the BMC team, I'd like to introduce and welcome our newest MSRE students. The students come from a variety of backgrounds including finance, investment banking, property management, real estate development and engineering. Collectively, the MSRE students share a passion for real estate and a desire to advance their career and build their future in real estate.

This month, the SBA’s inaugural Masters of Science in Real Estate (MSRE) cohort celebrates it 10-year reunion. This class marked the beginning of a formal graduate program in real estate at USD. Graduates of this class are now successful real estate professionals and entrepreneurs in Southern California and major cities, including New York, Chicago, Portland and San Paulo. If you or someone you know is interested in learning more about USD's Master's in Real Estate, please contact Ines Kraft, the administrative director for the MSRE program, to learn what makes USD's program such a life-changing experience.

We look forward to continuing to serve our industry constituents by offering informative, cutting edge real estate research, trending real estate topics at our conferences and serving as a gateway for USD's real estate students into the industry.

On a somber note, on behalf of the Burnham-Moores Center, our heartfelt condolences go to Marjorie Hughes and the Hughes family, for the recent passing of USD's former president, Author "Art" E. Hughes, whose 24 years as the University of San Diego's president was highlighted by his leadership during a 1972 merger that created USD. Art passed away on September 6, after a brief illness.

Stath Karras
Executive Director

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University of San Diego Welcomes New President and New Dean of the School of Business Administration

 

President Harris
James T. Harris, III
USD President

Dr. James T. Harris, III, is the fourth president of the University of San Diego, which is a nationally preeminent Catholic university known for educating students who are globally competent, ethical leaders committed to the common good and empowered to engage a diverse and changing world. Before coming to USD, Dr. Harris served as president of Defiance College in Ohio and Widener University in Pennsylvania.

Throughout his career, Dr. Harris has served in numerous local, state, and national volunteer leadership roles, including vice chair of Campus Compact, a national coalition of 1,200 college and university presidents dedicated to promoting civic engagement among college students. Currently he serves as Chair-elect of the Council for Advancement and Support of Education (CASE) Board of Trustees.

In recognition of his considerable contributions to education and the communities he has served, Dr. Harris is the recipient of many awards and honors, including leadership awards from the NAACP for his work on defending civil rights. Earlier in his career, he was named by the John Templeton Foundation as one of the Top 50 Character Building Presidents in America, and in 2011 he received the Chief Executive Leadership Award from CASE. In 2013 he received the College and University Public Relations and Associated Professionals’ Ciervo Award, presented to one who exemplifies the association’s fundamental purposes of supporting and advancing the understanding of higher education. Dr. Harris remains an active scholar and teacher.

In 2013 he co-authored a book entitled, “Academic Leadership and Governance in Higher Education.” For the past 14 years, he has remained on the faculty of the Harvard University Summer Institutes, educating and mentoring future higher education leaders.

Dr. Harris is married to Mary, his wife for 33 years, and they have two sons, Zachary, a graduate of Villanova University, and Braden, who graduated from the University of St. Andrews in Scotland. Visit the Office of the President' website.

Jaime Gomez
Jaime Alonso Gómez
Dean of the SBA

Jaime Alonso Gómez began his role as the new dean of the School of Business Administration (SBA) in August. Gómez has been affiliated with University of San Diego for more than 20 years. He has served in similar roles as a "highly successful dean, respected by his peers in business schools around the world,” says Andrew T. Allen, vice president and provost.

“His proven skill in managing a complex organization and recognized global leadership in business education will make him a tremendous asset to USD’s SBA and to our university as a whole,” Allen added. Gómez earned his PhD at the Wharton School of the University of Pennsylvania. Before joining USD, he served as founding dean of the Graduate School of Business Administration and Leadership at Tec de Monterrey campuses in Mexico City and Monterrey. He was actively involved in multimillion fundraising campaigns including a new school building, a new business incubator, several research chairs and purpose-specific research activities for non-governmental organizations. Learn more about Dean Gómez.

“I look forward with enthusiasm to serving as dean of the SBA at the University of San Diego,” Gómez said. “We will continue to enhance the quality, value, visibility and reputation of the school.

David Pyke, former dean of the SBA, stepped down In June 2015 after seven years of service. He is now professor of operations in the School of Business Administration.

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Breakfast at the BMC: What the Experts Say About California's Water Restrictions

Maureen Stapleton
Maureen Stapleton, general manager of the San Diego Water Authority

The Burnham-Moores Center (BMC) hosted its signature Breakfast at the BMC Lecture Series event on September 22 at USD. Audience members came to hear Maureen A. Stapleton, general manager of the San Diego County Water Authority and Mark Cafferty, president and CEO of the San Diego Regional Economic Development Corporation, address California's state of emergency restrictions on water usage and how it is affecting the real estate industry and San Diego economy.

Stapleton began the session with a comprehensive history of San Diego’s water shortage and the challenges the city faced beginning with the severe water drought in 1991. That shortage resulted in a 50 percent reduction in water availability, coupled with a loss of 50,000 jobs. Lessons learned from that period led to the development of a strategy of diversification of resources which has reduced San Diego’s dependency from 95 percent of non-local water sources in 1991 to approximately 57 percent today. Through further diversification measures, she projects it will be reduced to a 26 percent reliance by 2020.

Several projects will lead to this further reduction: 1) the new desalination plant scheduled to be on-line later this year; 2) extended usage of recycled water; 3) expanded reservoir storage capacity; and 4) increased supply through the recent settlement of the Imperial Valley District Transfer Agreement. Stapleton also reflected on the decreased usage of water per capita from 235 gallons per day in 1990 to 145 gallons per day today. Today, San Diego’s total water usage is less than in 1990 despite an 800,000 increase in population. San Diego’s adoption of “Supply Management” versus a “Demand Management” initiated by the State of California, has better prepared San Diego for future droughts. Stapleton challenged the State to lead the way in a new supply development initiative. “The State could be the catalyst for this program,” says Stapleton.

Mark Cafferty
(From left to right) Mark Cafferty, president and CEO of the San Diego Regional Economic Development Corporation and Stath Karras, executive director of the Burnham-Moores Center for Real Estate.

The panel session of the event included Stapleton and Mark Cafferty, president and CEO of the San Diego Regional Economic Development Corporation and was moderated by Stath Karras, executive director of the BMC. Cafferty shared that water is a vital segment of the San Diego economy. “The outside world views us as an arid desert,” says Cafferty. He stated that competing states use this image to lure potential new businesses from relocating to California, specifically San Diego.

In closing statements, the panelists reiterated that one of the key issues in addressing San Diego's water supply is water reliability. The panelists agree that we must do everything possible to make sure that the drought does not hurt our economy. The good news, is that while we are currently in a “drought alert" (stage two of four stages representing a 20% reduction in usage), "we will not go to a stage three on my watch," says Stapleton. She continued, “San Diego will not only survive, but will thrive!”

View the slide presentation from the event.
View the photos from the event on our Flickr page.

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Fifth Annual Women in Real Estate Conference: Register Now

Women in Real Estate

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Real Estate Scholarships Offer Great Rewards for Graduate and Undergraduate Students

Real Estate Scholarships

The Burnham-Moores Center for Real Estate (BMC) offers real estate scholarships each year to help graduate and undergraduate students pay for their education. USD real estate students are encouraged to apply for the scholarships coordinated through the BMC. Aside from BMC scholarships, additional real estate scholarships are offered and administered by organizations outside of the BMC. Those require a separate application process, have varying deadlines and eligibility requirements. View scholarships available to USD's real estate students.

Austin Dias
Austin Dias '16 (MSRE)

"Applying for real estate scholarships has great rewards."

In spring 2015, Austin Dias '16 (MSRE) was the recipient of a $15,000 California Homebuilding Foundation (CHF) Scholarship. In June, Dias attended the CHF Hall of Fame Gala to receive his scholarship award. The Gala, which honors individuals who have enriched the homebuilding industry through innovation and philanthropy, gave Dias an opportunity to meet and interact with many of the industry's most influential executives.

"I'm thrilled to receive the financial support through this scholarship," says Dias. He continues, "Having a young family, starting a real estate career, and going to school is challenging in many ways. The BMC does a great job of finding scholarships that are applicable to real estate students. Thanks to organizations like CHF, the financial burden is now lessened for my family. Applying for real estate scholarships has great rewards."

If you would like to establish a real estate scholarship in your name, please contact Stath Karras, executive director of the Burnham-Moores Center for Real Estate. To make a donation to existing scholarships at the Burnham-Moores Center for Real Estate.

The University of San Diego is a 501(c)3 non-profit organization.

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Real Estate Alumni Association Raises Bowling Bucks for Scholarships

REAA Bowling Tournament Riedy Cup Winners
"Riedy Cup" Winning Teammates (from left to right) William Strong'09 (MSRE) and'11 (MBA); Scott Yates (guest), Justin Brennan '06 (MSRE) and '06 (MBA); and Tommy Crudo, '05 (MSRE) and '05 (MBA), (not shown).

The Burnham-Moores Center's Real Estate Alumni Association (REAA) hosted its seventh annual Alumni Bowling Tournament Scholarship Fundraiser in July. In addition to being one of the top networking events of the year, the net proceeds from the event provide scholarships for outstanding USD undergraduate and graduate students pursuing a career real estate. REAA is proud to announce that this year's tournament raised over $4,000 for the Real Estate Alumni Association Scholarship Fund. Join REAA today to enjoy a wide variety of industry-oriented activities with your fellow alumni. Support your alma mater and real estate students by contributing to the Real Estate Alumni Association's Scholarship Fund.

The University of San Diego is a 501(c)3 non-profit organization.

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Alumni Matters

The Burnham-Moores Center for Real Estate (BMC) is proud of USD's real estate alumni who make their mark within the real estate industry. Alumni share their experiences and successes with us and current real estate students. More than 1,000 University of San Diego real estate alumni distinguish themselves in the real estate industry regionally, nationally and internationally. We value and appreciate those who give back and contribute to the on-going success of our undergraduate and graduate real estate programs. This edition, we highlight the two USD real estate alumni. Be a part of a successful group of USD real estate alumni and join the Real Estate Alumni Association (REAA)

Matt Simon
Matt Simon '14 (MSRE)

Matt Simon ’14 (MSRE) recently took a new position with Crown Realty & Development in Irvine as a part of their financial analyst team. Matt’s new role supports the acquisitions team and underwrites virtually all asset classes including multi-family, office, retail and industrial. Crown Realty & Development is currently focusing its attention on the western region of the U.S., specifically developing and managing assets in California, and the Phoenix / Scottsdale market in Arizona.

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

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Why USD Undergraduates Join the Real Estate Society

The Real Estate Society at USD is a student-run organization that supports students interested in pursuing a career in real estate or for students interested in learning more about the industry. The organization affords students the opportunity learn about career paths, mentorships and opportunities within the industry. It features real estate industry speakers and representatives from professional associations and provides students with exposure to real-time industry conditions, prospects and careers. Site tours of local real estate construction projects are also coordinated for the students. Meetings are held three times a semester and membership is free to all students. The society is supported by a real estate faculty member and the student services manager of the Burnham-Moores Center for Real Estate (BMC).

For students interested in pursuing a business degree within the School of Business Administration and are interested or considering a real estate major or minor, the Real Estate Society is the perfect student organization to join.

If you have an interest in pursuing a career in one of the many areas of real estate, join the Real Estate Society to learn about trending real estate topics and begin building a network of important contacts within the industry. For more information, contact Jackie Greulich, student services manager at the BMC at (619) 260-7619.

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Real Estate Faculty in the News

The Burnham-Moores Center and its prestigious faculty are frequently covered in the media for contributions to the real estate industry and outstanding research. Review recent media coverage on our website.

Norm MillerAlan GinCharles TuInnovators and Thinkers in Real Estate: Three professors affiliated with the Burnham-Moores Center for Real Estate in the School of Business Administration at the University of San Diego were named 2015 Innovators and Thinkers in Housing Economics by HSH.com's Standout. The list includes academics with expertise in real estate, mortgages and housing economics from universities across the United States. The SBA professors recognized are Norm Miller, Alan Gin and Charles Tu. The list was compiled based on responses to the question: "What will the U.S. housing market look like in 10 years?" It's a surprisingly provocative question. The professors spoke of accelerating affordability issues, rising mortgage rates, a greater role for the rental versus ownership market, better natural disaster planning and more. View HSH.com's Standout.

Vivek SahPublished Paper: Vivek Sah, associate professor of real estate affiliated with the Burnham-Moores Center for Real Estate within the School of Business Administration (SBA) at the University of San Diego,  co-authored a paper with SBA’s Steve Conroy and Andrew Narwold, titled "Estimating School Proximity Effects on Housing Prices: The Importance of Robust Spatial Controls in Hedonic Estimations." The paper is published in The Journal of Real Estate Finance and Economics (JREFE). JREFE is considered to be one of the top two journals in real estate. Download the research.

Alan GinUSD's Index of Leading Economic Indicators for San Diego County: Alan Gin, associate professor of economics and one of the affiliated faculty members of the School of Business Administration's Burnham-Moores Center for Real Estate (BMC), has researched, developed and published the “USD Index of Leading Economic Indicators for San Diego County” for the BMC since Jan. 2002. The Index is a highly regarded monthly report which offers an outlook of the local economy. View USD's Index report.

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, director of communications and administration at (619) 260-4786.

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NOVEMBER 4, 2015

Fifth Annual Women in Real Estate Conference – SAVE THE DATE

PRESENTING SPONSOR: CREW

7:30 – 8 a.m. breakfast and networking; 8 –10 a.m. program

University of San Diego, Joan B. Kroc Institute for Peace & Justice
5998 Alcala Park, San Diego, CA 92110

$50 per person; includes breakfast

Register now.


Sponsorship opportunities are available for this event.

To support this event as a sponsor or for more information, contact Kimberly Malasky, director of communications and administration at (619) 260-4786.

DECEMBER 10, 2015

15th Annual Residential Real Estate Conference: Outlook 2016 – SAVE THE DATE

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

$65 per person; includes breakfast

Register now.

 

Sponsorship opportunities are available for this event.

To support this event as a sponsor or for more information, contact Joe Bertocchini, director of residential real estate at (619) 260-4183.

FEBRUARY 19, 2016

20th Annual Real Estate Conference – SAVE THE DATE

Time to be announced soon.
Manchester Grand Hyatt San Diego
1 Market Pl., San Diego, CA 92101

$175 per person; includes breakfast

Registration coming soon.

 

Sponsorship opportunities are available for this event.

To support this event as a sponsor or for more information, contact Stath Karras, executive director at (619) 260-4872.

Back to TopContinuing Education Courses and Seminars

October 6-27, 2015

Urban Development Strategies (REP-X809)

COURSE

Register now.

Learn more about Real Estate Continuing Education.

For more information, contact John Ferber, director of commercial real estate at (619) 260-7513.

BMC Logo

Burnham-Moores Center for Real Estate's Website Quick Links

Learn more about the Burnham-Moores Center for Real Estate.

Read about the SBA's Master's in Real Estate program at USD.

Attend the Burnham-Moores Center's conferences and seminars.

Join the Real Estate Alumni Association (REAA) or view REAA's networking events.

Join the Real Estate Society.
Register for real estate continuing education courses.

Make a donation to support the Burnham-Moores Center for Real Estate.

Make a scholarship donation to support USD real estate students—our future leaders.

 

For questions related to this edition of The Pipeline, contact Kimberly Malasky, director of communications and administration.


The Pipeline is produced bimonthly by the Burnham-Moores Center for Real Estate.

© 2015. Burnham-Moores Center for Real Estate, wthin the School of Business Administration at the University of San Diego. All rights reserved.