Lynne Sagalyn
Earle W. Kazis and Benjamin Schore Professor Emerita of Real Estate
Finance
BS, Cornell, 1969; MCRP, Rutgers, 1971; PhD, Massachusetts Institute of Technology, 1980
Joined CBS in 1992
E-mail:
[email protected]
Curriculum Vitae
Biography
Lynne B. Sagalyn is the Earle W. Kazis and Benjamin Schore Professor Emerita of Real Estate at Columbia Business School, where she was formerly the director of the MBA Real Estate Program and the founding director of the Paul Milstein Center for Real Estate.
An expert in real estate development and finance, Sagalyn has published extensively on a broad range of issues in the fields of urban development finance, public/private partnerships, and real estate finance. In addition to this, she has developed scores of cases for graduate-level teaching of real estate finance and investment strategy and been an innovator in the curriculum for real estate study.
Sagalyn is widely known for her research on city building. Her book, Power at Ground Zero: Politics, Money, and the Rebuilding of Lower Manhattan (Oxford University Press), which is the subject of this collection, has received continuous praise and is regarded as the definitive account of that rebuilding challenge. Her earlier books on city building include Times Square Roulette: Remaking the City Icon (MIT Press, 2001), and, Downtown Inc.: How America Rebuilds Cities, co-authored (MIT Press, 1989).
Professor Sagalyn's activities outside academia are diverse. She currently serves on the board of Blackstone Mortgage Trust (NYSE: BXMT) and chairs its audit committee and the Advisory Board of Morgan Stanley PRIME Property Fund. In prior years, she served on the board of UDR (NYSE: UDR), where she was Vice-Chair; JP Morgan U.S. Income and Growth Fund; and the advisory boards of Olshan Properties and Goldman Family Enterprises. In the not-for-profit realm, she is a member of the board of directors of the Regional Plan Association (RPA), the Skyscraper Museum, and serves as vice president, the board of the New York City Trust for Cultural Resources, and chairs its audit committee. She has been a litigation expert, a consultant to both private firms and public agencies, and a member of the New York City [Board of Education] Chancellor's Commission on the Capital Plan, and the Sunnyside Yards Steering Committee. She has done extensive executive teaching, particularly for Tishman Speyer Properties and the Urban Land Institute.
In addition to her more than twenty years at Columbia Business School, Sagalyn has held appointments at the University of Pennsylvania in both the School of Design (City Planning Department) and the Wharton School (Real Estate Department), and at M.I.T., Department of Urban Studies and Planning, where she taught courses in public policy and real estate finance as part of the school's pioneering degree program in real estate development.
Professor Sagalyn received her Ph.D. from the Massachusetts Institute of Technology, a Master of City and Regional Planning from Rutgers University, and a B.S. with distinction from Cornell University.
Memberships & Affiliations
Blackstone Mortgage Trust (NYSE:BXMT), Board member and Chair of the Audit Committee. - Board member, Regional Plan Association. - Board Member and Vice Chair, Skyscraper Museum, New York City Trust for Cultural Resources, Audit Committee Chair
Research
Journal articles
The Use and Abuse of Blight in Eminent Domain
In Fordham Urban Law Journal
(2011)
Coauthor(s): Martin Gold, Lynne Sagalyn
Public/Private Development: Lessons from History, Research, and Practice
In Journal of the American Planning Association
(2007)
Coauthor(s): Lynne Sagalyn
The Halting Consolidation Revolution
In Wharton Real Estate Review
(2002)
Coauthor(s): Lynne Sagalyn
Times Square: A Revisionist Lesson in City Building
In Hermes
(2000)
Coauthor(s): Lynne Sagalyn
Negotiating for Public Benefits: The Bargaining Calculus of Public-Private Development
In Urban Studies
(1997)
Coauthor(s): Lynne Sagalyn
Consolidation in the Real Estate Industry: Big vs. Strategic? Reflections on the Industry Structure of the Future
In The Journal of Real Estate Investment Trusts
(1997)
Coauthor(s): Lynne Sagalyn
Institutional Options: Publicly Traded REITs and Privately Held Real Estate Investments
In The Journal of Real Estate Investment Trusts
(1996)
Coauthor(s): Lynne Sagalyn
Conflicts of Interest in the Structure of REITs
In Real Estate Finance
(1996)
Coauthor(s): Lynne Sagalyn
Downtown Malls and the City Agenda
In Society
(1990)
Coauthor(s): Lynne Sagalyn, Bernard Frieden
Explaining the Improbable: Local Redevelopment in the Wake of Federal Cutbacks
In Journal of the American Planning Association (JAPA)
(1990)
Coauthor(s): Lynne Sagalyn
Real Estate Risk and the Business Cycle: Evidence from Security Markets
In Journal of Real Estate Research
(1990)
Coauthor(s): Lynne Sagalyn
Measuring Financial Returns When the City Acts As an Investor: Boston and Faneuil Hall Marketplace
In Real Estate Issues
(1989)
Coauthor(s): Lynne Sagalyn
Bringing the Shopping Mall Downtown
In International New Towns Association
(1983)
Coauthor(s): Lynne Sagalyn, Bernard Frieden
Books
Times Square Roulette: Remaking the City Icon
(2001)
Coauthor(s): Lynne Sagalyn
Cases in Real Estate Finance and Investment Strategy
(1999)
Coauthor(s): Lynne Sagalyn
Downtown, Inc.: How America Rebuilds Cities
(1989)
Coauthor(s): Lynne Sagalyn, Bernard Frieden
Chapters
Public-Private Engagement: Promise and Practice
In Planning Ideas That Matter
(2012)
Coauthor(s): Lynne Sagalyn
Public-Private Partnerships and Urban Governance: Coordinates and Policy Issues
In Global Urbanization
(2011)
Coauthor(s): Lynne Sagalyn
Commentary: Does a Rising Tide Compensate for the Secession of the Successful? Illustrating the Effects of Business Improvement Districts on Municipal Coffers
In Municipal Revenues and Land Policies
(2010)
Coauthor(s): Lynne Sagalyn
Public-Private Partnerships
In Local Planning: Contemporary Principles and Practice
(2009)
Coauthor(s): Lynne Sagalyn
Real Estate and the Local Planning Context
In Local Planning: Contemporary Principles and Practice
(2009)
Coauthor(s): Lynne Sagalyn
Positioning Politics: Kelo, Eminent Domain, and the Press
In Land and Power: The Impact of Eminent Domain in Urban Communities
(2008)
Coauthor(s): Lynne Sagalyn
Land Assembly, Land Readjustment and Public-Private Redevelopment
In Analyzing Land Readjustment: Economics, Law and Collective Action
(2007)
Coauthor(s): Lynne Sagalyn
The Political Fabric of Design Competitions
In The Politics of Design: Competitions for Public Projects
(2006)
Coauthor(s): Lynne Sagalyn
The Politics of Planning the World’s Most Visible Urban Redevelopment Project
In Contentious City: The Politics of Recovery in New York City
(2005)
Coauthor(s): Lynne Sagalyn
Entrepreneurial Cities and Maverick Developers
In Classic Readings in Real Estate and Development
(1995)
Coauthor(s): Bernard Frieden, Lynne Sagalyn
Meshing Public & Private Roles in the Development Process
In Real Estate Development: Principles and Process
(1995)
Coauthor(s): Lynne Sagalyn
Public-Private Joint Ventures
In The Office Building: From Concept to Investment Reality
(1993)
Coauthor(s): Lynne Sagalyn
Public-Private Partnerships: Business Relationships in Political Environments?
In Will Decentralization Succeed? National, Regional and Local Development in Multi-Party Democracies: A Conference Report
(1992)
Coauthor(s): Lynne Sagalyn
Downtown Shopping Malls and the New Public-Private Strategy
In Shared Power: What Is It? How Does It Work? How Can We Make It Work Better?
(1991)
Coauthor(s): Bernard Frieden, Lynne Sagalyn
Public Profit Sharing: Symbol or Substance?
In City Deal Making
(1990)
Coauthor(s): Lynne Sagalyn
Downtown Shopping Malls and the New Public-Private Strategy
In The Great Society and Its Legacy: Twenty Years of U.S. Social Policy
(1986)
Coauthor(s): Lynne Sagalyn, Bernard Frieden
Working papers
Cities as Entertainment Centers: Can Transformative Projects Create Place?
(2013)
Coauthor(s): Amanda Johnson, Lynne Sagalyn
The Recast Scope of Public Possibility: Lessons from Times Square
In Conference Paper
(2001)
Coauthor(s): Lynne Sagalyn
Mediating Change: Symbolic Politics and the Transformation of Times Square
In Paper
(2001)
Coauthor(s): Lynne Sagalyn
Leasing: The Strategic Option for Public Development
(1993)
Coauthor(s): Lynne Sagalyn
Public Development: Using Land as a Capital Resource
In Lincoln Institute of Land Policy
(1992)
Coauthor(s): Lynne Sagalyn
Case studies
111 Eighth Avenue: Recapitalizing the Opportunistic Buy
(2010)
Coauthor(s): Jane Yang, Lynne Sagalyn
Structuring the Burnswell Joint Venture
(2010)
Coauthor(s): Lynne Sagalyn
Centro: Debt Restructuring
(2010)
Coauthor(s): Lynne Sagalyn, Yasmine Uzmez
Distressed Debt Investing: The Hancock Tower & Garage
(2010)
Coauthor(s): Lynne Sagalyn, Yasmine Uzmez
Restructuring a Bank Loan in Default: Globex Storage Company
(2010)
Coauthor(s): Lynne Sagalyn
VNO and the EOP: Blackstone Transaction
(2009)
Coauthor(s): Lynne Sagalyn
1372 Broadway
(2009)
Coauthor(s): Lynne Sagalyn
The Associates Task: Financial Tales of Changing Place
(2009)
Coauthor(s): Lynne Sagalyn
The Mortgage for 1800 L Street
(2009)
Coauthor(s): Lynne Sagalyn
Zenith Center
(2009)
Coauthor(s): Lynne Sagalyn
Book reviews
Book Review: The Politics of Urban Beauty: New York and Its Art Commission (Michele Bogart)
In Journal of Urban Design
(2008)
Coauthor(s): Lynne Sagalyn