The Real Estate Connection - News from the Wisconsin Real Estate Program

Student Profile

Meet Juan Pena: Global Real Estate Master Student
This month, you can learn more about Juan Pena, who recently traveled from Ecuador to Madison to begin the Global Real Estate Master Program (GREM). The GREM program partners the specific real estate expertise at the Wisconsin School of Business with three of the best business schools in the world: Europe's HEC Paris, Latin America's INCAE Business School and Asia's Hong Kong University of Science and Technology (HKUST) to provide a real estate education that transcends borders. Read more.

Ask the Real Estate Expert

Q: What is the likelihood of QE3 occurring? If it happens, then does this mean there will be more trouble for real estate?
This month's question is answered by Michael Dubis, CFP (BBA '99). Mike is a Lecturer in the Graaskamp Center where he teachers two courses: Real Estate in the Capital Markets and Real Estate Contemporary Topics. He is also President of Michael A. Dubis Financial Planning, and he is frequently interviewed and quoted by many local and national media venues, such as Money, Kiplinger, The Wall Street Journal, Milwaukee Journal Sentinel, Smart Money Magazine, and Bloomberg. Read Mike's answer.

Our new "Ask the Real Estate Expert" column is an opportunity for our readers to get answers on pressing questions on the economy, housing or real estate from the experts affiliated with the Graaskamp Center. This includes our faculty, lecturers and industry leaders from our Board of Advisors and alumni. We will review the questions submitted, pick the best ones to have an expert answer, and post them on the newsletter each month.

Send your question to with the topic of your inquiry in the subject line. In the body of the email, include your name, title and organization, and graduation year if you are an alum.

February 2012

In The News

Featured Events

February 2012

A Foreclosure Crisis Postmortem: Nontraditional Mortgages Were a Key Factor
Looking back at the tragic unfolding of events during the foreclosure crisis, nontraditional mortgages involving no interest, interest only, or low down payments often are cited among the biggest culprits in the foreclosure boom. But the question is, how big of a role did these nontraditional mortgages play? According to two Wisconsin School of Business faculty members, Erwan Quintin and Dean Corbae, mortgage "innovation" played a significant role. Read more.

Welcome Global Real Estate Master Students!
Building on the success of last year's Global Real Estate Master (GREM) Program, a new group of GREM students arrived in January and they are immersed in their studies and adjusting to the Wisconsin winter. They come from diverse cultures and professional backgrounds - but they all have one thing in common - the desire to be a part of the Wisconsin tradition of global leadership in real estate education. Meet the GREM students.

Real Estate Hiring Outlook Improves for 2012
An unstable economy slowed recruiting efforts over the past two years, but that is changing now. With more than 240,000 new jobs added to the economy in January and unemployment at the lowest the lowest level since 2009, the hiring outlook is cautiously optimistic. The 2012 Real Estate Club Career Fair built on this optimism by bringing together over 100 talented real estate students with and some of the top companies in the industry. Read more.

MBA Students Gain Global Perspectives in South Africa
Real estate MBA students Andrew Toby and Jay Jambor participated in the Wisconsin School of Business' MBA trip to South Africa. Toby shares highlights of the trip and his impressions of the business environment. Read more.

Graaskamp Center's "How Will You Change the World?" Campaign Featured in Top Real Estate Media
If you feel like you've been seeing the Wisconsin "W" crest and the Graaskamp Center's trademark red globe more often lately, it's not your imagination! As part of our overall marketing plan to raise our visibility as the global leaders in real estate education, we have strategically placed our "How Will You Change the World?" ads in leading real estate media, including; Crain's Chicago; Midwest Real Estate News; and ULI Magazine. These publications were selected for their targeted audiences and outstanding readership, both regionally and nationally.

Welcome New Board Members Michael Svets and Mitchell Kahn
We are pleased to welcome new board members Michael Svets and Mitchell Kahn. Michael Svets is an Executive Vice President and Division Manager for the Wells Fargo Commercial Real Estate Group based in Chicago, IL; and Mitchell P. Kahn is the Principal and CEO of Frontline Real Estate Partners, LLC based in Northbrook, IL. Welcome Mike and Mitch!

In the News

David Shulman in US News & World Report: "Obama's State of the Union Speech: The Good, the Bad, and the Ugly"
David Shulman, retired Lehman Brothers REIT analyst and advisor to the AREIT Program, says there was a lot to like and a lot not to like about President Obama's recent State of the Union address. His response to the President's address was published in US News & World Report. Read more.

Morris Davis Quoted in Article on "Real Estate Markets Returning"
In an article in the Milwaukee Journal Sentinel Online, Professor Morris A. Davis, says that said the risk of prices falling further is fading, although a blowup of Europe's economy could slow a recovery. Read the article.

Mike Knetter on Economic Trends 2012: Recovery with Peril
A wide swath of surveys and data collected by BizTimes is pointing toward a formidable economic recovery in southeastern Wisconsin in 2012, but that bullish forecast comes with an asterisk. Businesses do not like uncertainty. Unfortunately, 2012 is loaded with uncertainties. Read BizTimes' interview with Mike Knetter, President of the UW Foundation and former dean of the Wisconsin School of Business.

Board Member Laurence Geller Named a Commander of the Most Excellent Order of the British Empire by Her Majesty Queen Elizabeth II
The designation was made in recognition of Geller's exemplary service to The Churchill Centre, along with his extensive charitable and humanitarian work in the United Kingdom, the United States and throughout the world. Read more.


The Wisconsin Real Estate Alumni Association (WREAA) Events
From conferences to golf outings, the Wisconsin Real Estate Alumni Association (WREAA) has a variety of fun and informative activities for alumni to connect with each other. Learn more about WREAA activities.

Real Estate Students Look Ahead to Career Opportunities
Alumni and board members can help students transition to the working world by providing valuable inside tracks toward summer internship and career opportunities. In addition to steering internship or job openings our way, our students benefit from board members' experience through resume review, mock interviews and informational interviews.

For MBA students, contact MBA Career Services at (608) 265-2353 or Sharon McCabe at (608) 890-2493 and for undergraduate students, contact the Business Career Center at (608) 265-3771. Also, alumni and board members, and friends of the program are encouraged to refer potential MBA candidates to the Graaskamp Center.

Featured Events

Round Three Application Deadline for Real Estate MBA is March 16
The application process for the Wisconsin Real Estate MBA is well-underway. The second round deadline is March 16. Alumni and friends of the program are encouraged to refer candidates to the Graaskamp Center. Please contact Sharon McCabe or apply here. For some application advice, see Sharon's tips on our blog here.

Spring Board Meeting – “New Beginnings: Assessing the State of Our Industry”
On April 17-18 at the Four Seasons Hotel in Chicago, the Graaskamp Center will bring together an all-star lineup of real estate leaders and renowned academics to discuss “New Beginnings: Assessing the State of Our Industry.” The keynote address by Lee Neibart, Global CEO of AREA, on Tuesday evening and the sessions on Wednesday will explore the outlook for the real estate industry, provoke discussion on long delayed issues of debt resolution and infrastructure investment, and look to broader global issues affecting our region. View agenda. Register online.

Events Calendar

May 3
AREIT Board Meeting
Madison, WI

May 17-19
Madison, WI

June 6-7
Graaskamp Center Spring Board Meeting
American Club
Kohler, WI

Sept 18-19
WREAA Trends Conference
Chicago, IL

October 16
Graaskamp Roundtable Dinner
Madison, WI

October 17
Wisconsin Real Estate & Economic Outlook Conference
Madison, WI

November 21
Fall Board Dinner
New York, NY

November 22
Global Real Estate Markets Conference
New York Stock Exchange
New York, NY