Letter from the Executive Director
I would like to take a moment to thank the exceptional faculty and team of professionals associated with the Burnham-Moores Center for Real Estate (BMC) for an excellent 2014/2015 academic year. Our faculty team (Charles Tu, Norm Miller, Vivek Sah and John Demas), along with Ines Kraft, administrative director for the MSRE program, is passionate about our real estate students. They provide each student with personalized learning and offer the finest instruction available. Our faculty's dedication is supplemented by the commitment of our BMC professional team. Additionally, we have a number of real estate industry experts who donate their time and expertise to support our students. The result is students, who upon graduation, are young leaders, dedicated to ethical conduct, compassionate service and are well-prepared for the rigors of a career in real estate.
During the academic year and even after graduation, real estate students have access to Jackie Greulich, the Burnham-Moores Center's new student and career services manager. Jackie is a dedicated career-services professional available to support our MSRE and undergraduate real estate students. As we move into summer we will continue to guide current graduates, offering them personalized mentoring in support of their career pursuits.
Over the next 12 months, our team will be diligently evaluating and implementing recruitment efforts for the MSRE program and will, simultaneously, be preparing for the 2016 MSRE cohort arriving in September. We look forward to introducing you to the 2016 class and keeping you updated on their progress. We also look forward to welcoming undergraduates who declare their interest in pursuing a career in real estate and become members of the Real Estate Society.
In this edition of The Pipeline, you will find a number of upcoming BMC conferences, alumni events, workshops and continuing education programs which provide the opportunity to network, learn about trending topics in real estate, and foster new business relationships. We encourage USD alums to join the Real Estate Alumni Association (REAA) and participate in their events planned this year. You can register now for REAA's Annual Bowling Tournament Scholarship Fundraiser next month, which supports student scholarships for our next generation of real estate leaders.
On behalf of our team, I wish you an enjoyable summer and thank you for your continued support of the Burnham-Moores Center and USD's School of Business Administration's real estate students.
Norm Miller, Hahn Chair of Real Estate Finance at the Burnham-Moores Center for Real Estate, within the School of Business Administration, received recognition for his paper “Workplace Trends in Office Space: Implications for Future Office Demand,” published in the Journal of Corporate Real Estate. His paper was selected by the journal’s editorial team as a Highly Commended Paper of 2014. The Journal of Corporate Real Estate's editorial team categorized Miller's paper as "one of the most impressive pieces of work the team has seen throughout 2014."
Miller is active on the editorial boards of several journals and is past president of the American Real Estate Society. He is the editor of the Journal of Sustainable Real Estate, which he founded in 2009. Miller’s book, Commercial Real Estate Analysis and Investment, is in its third edition and is the leading graduate-level textbook. He works extensively with various trade associations and is a sought-after speaker on commercial real estate and sustainability trends. He is a faculty member at the Homer Hoyt Institute, a nonprofit research and educational foundation dedicated to improving the quality of public and private real estate decisions.
David Pyke, dean of the School of Business Administration at USD, announced earlier this month that Vivek Sah was granted tenure and was promoted to the rank of associate professor. Sah joined the SBA and the Burnham-Moores Center for Real Estate in 2009 after earning his PhD from Georgia State University. He teaches undergraduate classes in Real Estate Finance, Commercial Real Estate Investment, as well as Commercial Valuation. More recently, Sah began teaching Real Estate Market Analysis, a new class he helped design and obtain approval to be added to the existing curriculum of the undergraduate program.
At the graduate level, Sah teaches the MBA class on Commercial Real Estate Finance and Investment. Additionally, he teaches undergraduate and graduate courses abroad. Sah bases his teaching in theory, but his approach is very applied. He invites high-level guest speakers into the classroom to share their experiences and expertise with students. Further, he organizes site and company visits for students to explore the various dynamics of real estate.
Sah's research interests focus primarily within the areas of REITs, “green” real estate and housing. His deep commitment to research is reflected in his 14 published papers, spanning a number of different real estate journals, including the Journal of Real Estate Portfolio Management, the Journal of Housing Research and the Journal of Property Research. Sah has won several awards for his published work and has presented his research at domestic and international conferences. Sah has served as faculty advisor for student teams that compete in the NAIOP competition and he actively participates in events hosted by the Burnham-Moores Center for Real Estate.
|Crowdfunding Panel: (Left to right) Norm Miller, Tom Lockard, Robert E. Lee and Rick Weintraub
The Burnham-Moores Center (BMC) hosted its signature Breakfast at the BMC Lecture Series event on May 6 at USD. Audience members came to hear a panel discuss the "Growing Role of Crowdfunding in Real Estate Capital-Raising." Speakers included: Robert E. Lee, director of capital markets, Silver Portal Capital; Tom Lockard, vice president of real estate and institutional sales, Fundrise; Richard A. Weintraub,
founder and managing partner, Weintraub Law Group PC. The event was
moderated by Norm Miller, Ernest W. Hahn Chair of Real Estate Finance at the Burnham-Moores Center for Real Estate, within the School of Business Administration at the University of San Diego.
Reflecting on the current system of raising capital for real estate investments, being archaic and inefficient, the panel reflected on how real estate transactions which used to take months to accomplish. With crowdfunding, transactions can now come to fruition in a matter of days. The JOBS Act (Jumpstart Our Business Startups) of 2012 made crowdfunding a legal alternative, attracting investors by offering securities through online and social media marketing outreach. Online "ecosystems" take you to a portal of choice (platforms set up for crowdfunding under Regulation D506(b)) with all investment information available on line. Currently, investors eligible under the crowdfunding umbrella must be “accredited,” possessing specific net worth and minimum income criteria.
Uses of funds raised through crowdfunding are currently associated with the equity side of real estate. However, the panelists acknowledged that they see potential alternatives through the debt side, citing mezzanine financing as the most likely source. Lockard indicated that Fundrise offers investments in the new 3 World Trade Center building in the form of Class I bonds which are senior secured with a five percent tax-free return.
Questions raised by the audience during the Q&A session included: investor protection, alternative real estate investments, and fees. Weintraub addressed the protection issues stressing issuer regulatory compliance and disclosure which is not unlike the safeguard measures in force with other investment offerings. As an alternative to a REIT investment, which acts more like a stock or bond, a crowdfunding investment can provide direct ownership of the real estate property. The panel noted that fees can be charged for ancillary services only and vary with each service.
Miller noted that crowdfunding for real estate raised a nominal $1 billion in 2014 with expectations of growth by $2.5 billion in 2015. Miller says,"given time, the amount could grow to something fairly significant.” While crowdfunding is a recent U.S. phenomenon, it is also gaining momentum throughout Europe.
All panelists agreed that crowdfunding for real estate investments is new and as it evolves, the panelists expect there will be consolidations of portals (now growing at an average of three per month), new offerings, new classes of investors, additional regulations, and other unknowns.
View the slide presentation from the crowdfunding event. For more detailed slides on crowdfunding, email Richard A. Weintraub.
View the photos from the crowd funding event.
Register now for the the upcoming Breakfast at the BMC lecture series, to be held
Sept. 17, 2015 at USD.
The online graduate school guide GraduatePrograms.com recently published a survey of the top "25 Best Value Business Schools." The survey, published in Business Insider on April 30, ranks the University of San Diego's School of Business Administration (SBA) ninth out of 25 business schools offering the best value. Over 10,000 current and former business school students were surveyed on their satisfaction of their program relative to the price of the education received. Students surveyed were required to rank their school from 1-10 on a variety of categories, including: quality of education, value, and financial aid opportunities. Scores were averaged by category and then ranked based upon those results. USD's SBA received a score of 9.58 out of 10 for program value. The number one ranked school for best value received a score of 9.88 out of 10. USD is among the list of prestigious universities.
USD's School of Business Administration’s Master of Science in Real Estate (MSRE) program develops the specialized skills needed by real estate professionals through an interactive approach. The program provides students with the leadership, analytical and interpersonal skills necessary to compete for real estate careers at the middle-to upper-management levels or to become real estate entrepreneurs.
The Real Estate Development course (MSRE 507) provides a step-by-step analysis of the phases involved in the real estate development process. It includes original product conceptualization based on market research; site acquisition; entitlement process and strategies; financing; and marketing (lease-up or sale) of the property with the goal of creating net positive value. Leadership, management and control of the development teams are highlighted along with emphasis on overcoming the myriad land use regulations and hurdles in a given location. Metropolitan development patterns and planning agencies, transportation and environmental issues are also discussed. The course culminates in a real-life project and its presentation.
This spring, Norm Miller, Hahn Chair of Real Estate Finance, assigned students a redevelopment project for the highest and best use site plan for a school board site in San Diego’s Old Town. In partnership with the New School of Architecture, teams of real estate and architecture students reviewed a site called Ballard Freemont, which is currently underutilized. Students were to provide a highest and best use study that included what the site might be worth if leased on a master ground lease basis for a combined school and private sector development. Students were required to sketch out site options, considering land use controls and zoning to account for any restrictions. They were also to include any district incentives for certain development types. Students were required to prepare a power point presentation, a 10-15 minute presentation, recommendations for the highest and best use of the site, potential rent for the ground lease, and prepare a lease structure allowing for a private developer to handle development risks. All proposals were to be approved by the Old Town Planning Association.
The Real Estate Capstone course (MSRE 510), also taught by Miller this spring, helps refine problem-solving, career and business planning skills, and integrates the lessons learned from all prior coursework with life experiences. Speakers address topics on leadership and provide general advice for young professionals.
|(Left to right) Stath Karras, Bill Geppert, Jerry Sanders
and Joanne Pastula
This year, the MSRE students were fortunate to hear from and interact with a panel of three of San Diego’s prominent leaders. One panelist was former mayor of San Diego, Jerry Sanders, currently CEO of the San Diego Regional Chamber of Commerce. Sanders previously guided the San Diego Police Department, American Red Cross of San Diego and the United Way of San Diego. The second panelist, Bill Geppert, was a former senior vice president and general manager for Cox Communications. Geppert also served as chairman for LEAD San Diego, the San Diego Regional Economic Development Corporation and the Chamber of Commerce, and is involved in other community organizations. The third panelist, Joanne Pastula, is the executive director for Junior Achievement in the San Diego region. She has led the San Diego chapter to national prominence. The panel, moderated by Stath Karras, executive director for the Burnham-Moores Center for Real Estate, discussed leadership, mentorships, networking, and the importance of community involvement. The panel also answered questions from the MSRE students.
Congratulations to the 2015 MSRE graduates!
|Victor Alfonso '15 (MSRE)
Victor Alfonso, '15 (MSRE) was recently nominated and awarded the 2015 spring Woodruff Scholarship. The Woodruff Scholarship is a permanent tribute to honor Daniel B. Woodruff, who earned his undergraduate degree from the University of San Diego's School of Business Administration in 1998. Woodruff received numerous scholarships and was recognized repeatedly for his academic excellence and leadership while at USD. Shortly after graduation, Woodruff was diagnosed with cancer, a battle he fought with incredible determination and spirit for nearly two years. His passion was real estate finance, an outgrowth of his self-directed studies of derivative securities and mortgage-backed securities.
Each semester, the Burnham-Moores Center for Real Estate awards the scholarship to the student who best epitomizes Woodruff's positive qualities of academic excellence, warmth, determination, intellectual curiosity and unabashed love for human kind. There is no application for this scholarship.
"I am tremendously honored and humbled to win the Daniel B. Woodruff Memorial Scholarship," says Alfonso. "I strive to live each day by the principles and values Dan stood for and thank the Burnham-Moores Center for Real Estate, the SBA and USD for this amazing award."
grew up in Los Angeles, CA. and received his bachelor's degree in economics and political science with a minor in management at the University of California, Irvine. He joined Westfield upon graduating and spent time within the property management and finance divisions.
Last month, upon completing the MSRE program, Alfonso joined Brixton Capital, the private equity investment vehicle for Brutten Global, an international family office which owns and manages a diverse array of holdings. He is responsible for management oversight, capital planning, lease analysis, forecasting, budgeting, financial reporting and the overall repositioning of assets. Additionally, he works alongside the acquisitions team to collectively determine viable investment opportunities.
Alfonso has a love for all things real estate. He has been a licensed real estate broker since 2007, is a member of ICSC and is an active real estate investor both in California and out-of-state. Alfonso says he looks forward to becoming more acquainted with different types of properties and hopes to become more knowledgeable about the various aspects of real estate development. In his free time, Alfonso enjoys traveling, reading and various sports.
Make a donation to the Daniel B. Woodruff Scholarship.
|(Left to right) Gregory Pettersen, Malin Burnham and Travis Thompson
Malin Burnham recently presented two USD's School of Business Administration's real estate students with scholarship checks as a part of the Burnham Foundation Scholarship. Gregory Pettersen, an undergraduate real estate major and Travis Thompson, a recent MSRE graduate student, accepted their respective awards at the Burnham Foundation's office last month. Both students were recognized for their efforts inside and outside of the classroom, exhibiting a high level of integrity in both their personal and professional endeavors.
Make a donation to a variety of scholarships at the Burnham-Moores Center for Real Estate.
If you would like to create a real estate scholarship in your name, please contact Stath Karras, executive director of the Burnham-Moores Center for Real Estate.
|(Left to right) Gwen Walter and John Demas
On Wed., May 13, John Demas, clinical professor of real estate within the School of Business Administration, attended the USD Scholar Athlete luncheon on campus. The award ceremony honored USD athletes who maintain a cumulative GPA of 3.5 or above.
Demas was invited by Gwen Walter, an undergraduate real estate student from his fall 2014/2015 REAL 320 Real Estate Principles class. Walter, a member of the USD swim team, received an award at the luncheon. She specializes in long distance and mid-distance freestyle events; notably 500, 1000 and 1650 (the mile) freestyle.
Walter is a real estate major and has expressed an interest in real estate development. She has a real estate internship this summer to further her knowledge about the industry.
Will Bastien was also recognized at USD's Scholar Athlete Award Luncheon as a member of USD's men's rowing team. Bastien graduated in May and earned his BBA in real estate. He was also on USD's team for the 2015 NAIOP University Challenge, held in April. Bastien was recently hired by Realty Income as a research analyst, working within the commercial investments area of commercial real estate. He will begin his new job this month.
On May 1, students from the School of Business Administration's MSRE program visited DTZ in its newly remodeled office in UTC.
Regional Managing Principal Dan Broderick hosted a lunch for the graduate students. Broderick presented the history of DTZ, formerly Cassidy Turley, and shared the scope of services the company offers its clients worldwide. The meeting was very informative and concluded with a tour of their impressive new office space.
DTZ is a global leader in commercial real estate services providing
occupiers, tenants and investors around the world with a full spectrum
of property solutions, including agency leasing,
tenant representation, corporate and global occupier services, property
management, facilities management, facilities services, capital markets,
investment and asset management, valuation, building consultancy,
research, consulting, and project and development management.
|Norm Miller (second from left) and USD undergraduate students at BNP Paribas in Paris
Earlier this month, Norm Miller and several undergraduate USD students from his summer Sustainable Business class left for Europe to tour and learn about sustainability and office trends in France. Miller and the students are visiting Paris and Strasbourg.
The group visited BNP Paribas Real Estate's state-of-the-art headquarters, located in the heart of the riverside eco-district of Bords de Seine in Paris. Miller and his students met with Kevin Cardona (not pictured in photo), director of Sustainability and Innovation. The BNP headquarters incorporates residential buildings, retail outlets and office buildings. BNP's head office is HQE certified (France's High Environmental Quality standard) and has
the THPE label for "Very High Energy Performance." This new
office is intended to set an unparalleled example to BNP's
clients, its partners and its staff. It aimed high with
regard to sustainability performance, as evidenced by the securing of HQE
(High Environmental Quality) certification issued by Certivéa, with
eight targets rated as "Very Effective." This level of performance
enabled BNP Paribas to obtain an "Excellent" grade of Sustainability
Passport, with a total of nine stars. Miller says, "their offices are set up using circular seating, cubicles and private rooms for meetings and they offer subsidized transportation and lunch to employees."
Thierry Larque-Pont, CEO of BNP Paribas, states that the company's strategy is founded upon the following four pillars which incorporate an ambitious Corporate Social Responsibility related to its economic, environmental, social and civic responsibilities: "striving for environmental, economic, and human perfection; anticipating changes impacting on the way we design, build and occupy
office buildings and housing units; contributing to the local economy
and playing an active role in the communities where we operate; and
developing our employees’ competencies, supporting those with
disabilities and encouraging diversity."
|Jacqueline Greulich '85 (BBA)
The Burnham-Moores Center for Real Estate welcomes Jacqueline Greulich to its team as student and career services manager. Greulich is responsible
for connecting undergraduate and graduate students with professionals
in the commercial and residential real estate industry. Additionally,
she oversees the coordination of student mentorships, internships and career placement initiatives.
Greulich has more than 20 years of human
resource experience, most recently as the human resources director for
the San Diego Center for Children. In that role, she handled all
recruiting, employee relations, compensation, workers’ compensation and
benefits for the organization. Additionally, Greulich has more than 20
years of experience within commercial real estate, manufacturing and
biotech industries. Previous employers include Westcore Properties;
Burnham Real Estate, now Cushman and Wakefield; Watkins Manufacturing;
Howard Leight Industries; and Mitikor.
Greulich graduated from the University of San Diego’s School of Business
Administration with a degree in business management. She is currently
on the board for Alpha Project for the Homeless, volunteers for the
Burnham Foundation, is a graduate of Lead San Diego 2001 and is a
recipient of the TWIN YWCA award.
If you are an employer seeking to recruit USD's talented future real estate leaders or if you are a USD student, interested in an internship or mentorship opportunity, contact Jacqueline Greulich at (619) 260-7619.
The Burnham-Moores Center for Real Estate will offer another two-day ARGUS Software Workshop, covering the key features of ARGUS Enterprise (AE). AE is the most comprehensive asset and portfolio management system and has become the industry standard in commercial real estate investment analysis. It is used to project cash flow for office, industrial and retail properties.
The two-day ARGUS Enterprise training is taught by the School of Business Administration's four-time winning ARGUS University Challenge team advisor, Charles Tu, Mulvihill Professor of Commercial Real Estate and Academic Director of the MSRE program.
DATE: Saturday, Sept. 12 and Sunday, Sept. 13, 2015
LOCATION: University of San Diego, 5998 Alcala Park, Olin Hall 226, San Diego, CA 92110
COST: $699; includes a $600 registration fee, plus a $99 non-refundable ARGUS Enterprise software fee for a six-month temporary license.
DISCOUNT: A 10 percent discount on the registration fee is available for multiple registrations and for USD Real Estate Alumni Association members, USD students and USD employees.
Register now for the ARGUS Software Workshop; space is limited.
Kaitlyn "Kate" Gillingham '09 (BBA) real estate broker with Coronado Island Realty and chair of USD’s Real Estate Alumni Association, was recently selected as one of the National Association of Realtors (N.A.R.), Realtor magazine's “30 Under 30 Award." Each year, the magazine features 30 young rising stars in the real estate industry.
"The '30 Under 30 Award' was one of the first goals I gave myself as a young agent..."
Hundreds of real estate practitioners apply to be one of the 30 honorees. Gillingham says, "the '30 Under 30 Award' was one of the first goals I gave myself as a young agent a few years ago." She thought that if she was going to win, it would be in a few years when she was around 29 years old.
The 50 finalists, of which Gillingham was one, were expected to do a social media campaign to collect votes to narrow the selection process down to 30 winners. One of the finalists was the winner of the online campaign; the remaining 29 winners were decided by the N.A.R. committee. Gillingham received a call from someone at the National Association of Realtors with the exciting news that she was selected as one of the recipients of the "30 Under 30 Award."
"I am so grateful for the love and support from my family,
friends and clients."
"I couldn't believe it," says Gillingham. "I quickly got ready and drove to my parents house and spilled the beans -- my parents were thrilled."
In April, N.A.R. flew Gillingham and five other "30 Under 30 Award" winners out to Chicago for an all-day cover shoot for the story. Gillingham says the group enjoyed a wonderful dinner and she got to stay in a swanky hotel on Michigan Ave.
"The past few months I've spent a lot of time reflecting on the award," says Gillingham. "I am so grateful for the love and support from my family, friends and clients. So many people believed in me and I can't wait to see what the future holds."
Gillingham is among the young entrepreneurs that uphold the highest of professional standards and present themselves as great ambassadors for the real estate industry. The Burnham-Moores Center for Real Estate, the School of Business Administration and the University of San Diego are proud to have Gillingham as an alum and value her excellent contributions as the chair of the Real Estate Alumni Association.
Read more about the "30 Under 30 Awards" in the magazine's May/June edition.
USD's School of Business Administration and the Burnham-Moores Center for Real
Estate (BMC) are proud of successful alumna like Kate Gillingham who make their mark within the real estate industry. Our alumni share their experience and successes with 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.
The Burnham-Moores Center established the Real Estate Alumni Association (REAA) as a
way for alums to stay connected to USD's School of Business Administration and the Burnham-Moores Center.
"Networking with USD alums and the industry is an invaluable tool in my career."
REAA offers a wide variety of events throughout the year, bringing together old friends and new. Members are kept up-to-date on matters related to the Burnham-Moores Center and the real
estate industry. REAA's mission is to provide a forum in which graduates of the
University of San Diego, working in real estate, can network and interact
for business, social, educational and employment purposes, while
simultaneously reinforcing the university's commitment
to socially responsible leadership within the academic and business
If you are a USD alumni (from any USD school or major), working in the real estate industry, here are the top 10 reasons to join REAA:
- Obtain a 50 percent discount on all Burnham-Moores Center's conferences for life; an immediate positive return on your investment
- Take advantage of great networking opportunities
- Forge business relationships with other alums in the real estate industry; it might just lead to your next big deal
- Learn about trending topics in the industry
- Take advantage of discounts on workshops, like ARGUS
- Access to other successful USD alumni making their mark within the real estate industry
- Access to the SBA's top real estate students to recruit from for internships, mentorships and jobs
- Stay connected to the Burnham-Moores Center's faculty and professional staff for ongoing relationships and networking
- Support the School of Business Administration's Burnham-Moores Center for Real Estate
- Support the next generation of real estate leaders by donating to the Real Estate Alumni Scholarship, offered to current USD undergraduate and graduate students each year.
Join REAA by completing the online registration form to activate your membership.
The 2015/2016 Real Estate Alumni Association Board is led by:
Kate Gillingham '09 (BBA)
Bryan Grissinger '12 (BBA)
Eric Held '12 (MSRE/MBA)
Greg Ives ’00 (BBA)
Lawrence Kopp '10 (MSRE)
Zach Koucos ’00 (BBA)
Kyle Lynch ’08 (BBA)
Jimmy Morrison ’06 (MSRE)
Matt Reams ’06 (BBA)
Will Strong ’09 (MSRE)
Matthew Yunker ’06
The REAA Board plans successful networking events each year. REAA's Annual Real Estate Alumni Bowling Tournament Scholarship Fundraiser takes place in July. This event, along with your generous donations, raise money to support the the Real Estate Alumni Association Scholarship, which is awarded to high achieving USD MSRE and undergraduate real estate students each year. Alumni are encouraged to join our Real Estate Alumni Association Facebook and LinkedIn pages.
|REAA Chair Kate Gillingham (second from right) and Real Estate Alumni Association members enjoying a networking alumni event.
The Burnham-Moores Center's Real Estate Alumni Association will host its annual Alumni Bowling Tournament Scholarship Fundraiser July 30 at East Village Tavern and Bowl, located in downtown San Diego. Now in its seventh year, the event is a fun, yet competitive tradition among USD’s School of Business Administration’s (SBA) real estate alums. In addition to being one of the top networking events of the year, the net proceeds from the event provide scholarships to outstanding undergraduate and graduate students pursuing a career real estate.
Invite your friends and colleagues and come join us for a fun-filled evening, while supporting our future real estate leaders. In addition to bragging rights, the winning team gets their individual names memorialized on the “Riedy Cup” which is on display at the Burnham-Moores Center for Real Estate. For those of you who wish to sharpen your bowling terms, lingo and definitions before the event, check out this bowling resource.
Date: Thursday, July 30, 2015
Time: 6-9 p.m.
Location: East Village Tavern & Bowl
930 Market Street, San Diego, CA 92101 (between 9th and 10th Ave.)
Cost: $50 per person; tickets for prize drawings available on the registration page
Sponsorship opportunities are available for this fundraiser.
Register now for the event.
To support this event as a sponsor or for more information about the event, contact Joe Bertocchini, director of residential real estate, at (619) 260-4183.
*Net proceeds support the Real Estate Alumni Association Scholarship.
The University of San Diego is a 501(c)3 non-profit organization.
|Kevin Hughes '07 (MSRE)
Kevin Hughes, CFP '07 (MSRE) joined CIM Securities as vice president of investment banking. Kevin made his move from UBS Financial Services earlier this year where he served as senior vice president of wealth management. His focus at CIM involves providing capital raising solutions in the small cap investment arena focusing on real estate, health sciences and technology. CIM Securities is an independent investment bank serving micro and small-cap companies through mergers and acquisitions and equity financing solutions.
|Sach Kirpalani '09 (MSRE)
Sach Kirpalani ’09 (MSRE) recently joined JLL’s San Diego capital markets team. He is responsible for expanding the firm’s investment sales services to commercial investors targeting assets with values between $5M and $25M. Prior to joining JLL’s San Diego team, he represented tenants in Silicon Valley and managed over five million square feet of closed transactions valued at over $1.5 billion for companies including: Amazon, Bank of America, Kaiser Permanente, NeuStar, Ubiquiti Networks, TSYS and JDA Software.
If you are a USD alum 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.
The U~T San Diego's May 28 article, "San Diego Economy Continues to Grow," cites Alan Gin's most recent report from USD's Index of Leading Economic Indicators for San Diego County.
Gin’s most recent Index report appears monthly in The Pipeline.
Alan Gin, associate professor of economics and one of the affiliated faculty members of the University of San Diego's School of Business Administration's Burnham-Moores Center for Real Estate. Gin has researched, developed and published 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’s insights on the local economy have made him a popular source for interviews, and he has given over 1,000 interviews to local and national media sources. He has been quoted in the San Diego Union-Tribune, the Wall Street Journal, the New York Times, the Los Angeles Times, the Daily Transcript, the San Diego Business Journal, Newsweek, and other publications. He has also been interviewed on KPBS, KFMB, KOGO, KSDO, and KCEO radio, and has made appearances on KFMB, KGTV, KNSD, KUSI, KSWB, and XETV television.
In addition to studying the local economy, Gin also has an interest in the business environment of Asia in general and of greater China in particular. He is currently a member of the advisory board of the Asian Business Association of San Diego and sits on the board of directors of the Hong Kong Association of Southern California (San Diego Chapter). He has taught in the University of San Diego’s study abroad programs in Hong Kong and Beijing/Shanghai and has traveled extensively in the region.
To schedule a media interview with Gin, please contact Kimberly Malasky, director of communications and administration.