Neng Wang, the Chong Khoon Lin Professor of Real Estate at Columbia Business School, has been awarded a 2013 Research Grant from the School’s Jerome A. Chazen Institute of International Business to further his work on dynamic entrepreneurial finance.
Andrew Jacobs ’96, managing director and partner at Metropolitan Real Estate Equity Management, focuses on identifying, evaluating, and overseeing real estate private equity fund managers and investment opportunities in the eastern United States and Latin America. An adjunct associate professor in the Finance and Economics Department, he teaches the Real Estate Project Class. In a recent interview with Diego Banos Garcia ’13, he discussed his firm’s business, opportunities in the current economic climate and his teaching.
South America’s leading economy and one of the most intriguing markets for global real estate investors was the destination for this year’s Columbia Business School Real Estate Association international study trip. From March 16 to 24, twenty-eight students and two faculty members traveled to Brazil, meeting with more than a dozen financial institutions, government organizations, and real estate developers, investors, and service companies in Sao Paulo and Rio de Janeiro to gain a sense of the market landscape and understand how companies are approaching current opportunities.
Team ”Capital City Investment Group,” consisting of four Columbia Business School students, placed second in the invitation-only UNC Real Estate Development Challenge held on February 14-15 in Chapel Hill, North Carolina. In doing so, they improved upon last year's third-place finish by the School’s team and continued the momentum following the School’s victory at the National Real Estate Challenge at Austin in the fall.
Professor Lynne B. Sagalyn presented the paper “Entertainment Centers and the Quest for Transformation in the Periphery” with Amanda Johnson at the University of Amsterdam’s master class workshop, “Explaining Metropolitan Transformation: Politics, Functions, and Symbols,” January 24-25 in the Netherlands.
MBA student Annie Koo ’14 has been awarded the Young Men’s/Women’s Real Estate Association of New York 2012 Scholarship. A member of the school’s Real Estate Association, Koo studied public housing and cohousing and worked at the City of New York Department of Housing Preservation and Development prior to beginning her MBA program. A native of Texas, she selected from a pool of undergraduate and graduate real estate students from Columbia, NYU, and Baruch who demonstrate charitable or community service involvement.
MBA Real Estate Program students Matthew Giammanco ’13, Jeffrey Organisciak ’13, and Andrew Stone ’13 won the top Alexander Bodini Foundation Prize at the Real Estate Project Class Final Presentations Competition and Awards Dinner at Columbia Business School on December 12. Theirs was one of four professional-quality presentations by student teams at the competition, which is the culmination of the second-year class taught by Adjunct Associate Professor Andrew C. Jacobs ’96.
Dean Hubbard opened the fifth annual Columbia Business School Real Estate Symposium by reminding the audience of the important place real estate maintains in the broader economy. Opening the keynote address, David Simon noted his surprise at the rapid recovery from the crisis, particularly for retail real estate assets.
2012 Real Estate Symposium Main Panel Report: Assessing Risk and Return in a Global Real Estate Market
The closing panel for all Symposium attendees centered on how some of the largest and most active institutional real estate investors think about allocating capital. Serving as moderator, Professor Sagalyn continually asked about approaches to real estate investing and what criteria shaped decision-making. Speaking to these issues were three panelists whose companies collectively manage tens of billions of dollars in real estate.