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

Alumni Profile

Stephanie C. Lentz
(MBA '10)

This month, you can learn more about Stephanie Lentz (MBA '10) who works as a Market Associate at Northwestern Mutual Real Estate Investments. Steph tells us about her typical work day, what she thinks the world needs from real estate professionals today, and she shares some words of wisdom for young professionals considering a career in real estate.  Read more.


Ask the Real Estate Expert

Q: What are the key lessons from the past housing programs and policies, such as HAMP and HAFA? How can we apply those lessons to future policy prescriptions?
This month's question is answered by Stephen Malpezzi, Lorin and Marjorie Tiefenthaler Professor of Real Estate, and Department Chair, Department of Real Estate and Urban Land Economics. His research includes work on economic development, the measurement and determinants of real estate prices, housing demand and the effects of regulation and other economic policies on real estate markets. Among his numerous publications, he's the author of A Primer on U.S. Housing Markets and Housing Policy (with Richard Green; Urban Institute Press).
Read Professor Malpezzi'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 lgottschalk@bus.wisc.edu.


March 2012

In The News

Featured Events

March 2012 News

Global Connections: Abdullah Yavaş Helps Establish International University in Turkey
Professor Abdullah Yavaş recently returned to Wisconsin after completing an ambitious project: helping lay the groundwork for a new educational institution - the Antalya International University in Antalya, Turkey.  Read more.

Building a Housing Policy That Works
On June 1 in Madison, 2012 Wisconsin Real Estate & Economic Outlook Conference will discuss what policies the current or the next administration should implement to design a healthy, responsible, functioning, and efficient housing market. Featured speakers include Karl "Chip" Case (co-founder of the Case Shiller Home Price Index); Lawrence Yun, Chief Economist of the NAR; and Curt Culver, President of MGIC.  Learn more. Register now.

MBA Students Attend MIPIM in Cannes, France
First year real estate MBA students recently returned from Cannes, France March 6-9 after attending MIPIM 2012, the international real estate property and investment convention. This marks the seventh year that the Wisconsin Real Estate Program has sent a delegation to MIPIM.  Read more.

Jaime Luque to Join UW Real Estate Faculty
The Real Estate Department is pleased to announce that Jaime Luque, currently visiting professor at Carlos III University of Madrid, will be joining our faculty as an assistant professor starting this semester. Jaime will strengthen our presence in the financial side of real estate. He has a co-authored paper on repo markets in press at Journal of Economic Theory, and has research interests in both financial and urban economics. Stay tuned for more information on Professor Luque in next month's issue.

Innovator Award Recipient Doug Frye Shares Career Insights with Students
At the Real Estate Club's first spring semester meeting on Thursday, February 9, Michael Brennan, executive director of the Graaskamp Center, presented the Innovator Award to to Doug Frye, President and Chief Executive Officer of Colliers International.  Read more.

UW-Madison Ranked in Top Ten Best Values
The University of Wisconsin-Madison was ranked fifth among public universities and colleges by the Princeton Review in their 150 Best Value Colleges in 2012 report.  Read more.

Welcome New Board Member Randall Guenther
We are pleased to welcome Randall Guenther to the Graaskamp Center Board of Advisors. Randall is the President and Chief Financial Officer of T. Wall Properties L.L.C., based in Madison.  Read more.


In the News

David Shulman: "Warm Winter May Have Cooked Economic Data," U.S. News & World Report, 3/8/12
The economic news has been pretty darn good of late. Employment is up and consensus estimates are looking for about 200,000 new jobs to be reported for February this Friday on top of the 241,000 jobs created in January. The unemployment rate is coming down, consumer confidence is up, and automobile sales were at a 15 million run rate in February, the highest in five years. What's not to like?  Read more.

Michael Dubis Quoted in New York Times Article on "The Importance of a Road Map for Your Finances"
In an article on "The Importance of a Road Map for Your Finances" in the New York Times, Michael Dubis, lecturer in the Department of Real Estate and president of Michael A. Dubis Financial Planning, says that a basic investment policy statement is an important part of a coordinated financial planning process. Read more.

Professor Morris A. Davis Delivers Keynote at Governor's Conference on Economic Development
Professor Morris A. Davis, academic director of the Graaskamp Center, presented his long term economic outlook for Wisconsin and the U.S. at the Governor's Conference on Economic Development.  View the presentation.  (Filmed by "Wisconsin Eye". Davis' presentation starts at 29:30 and lasts for an hour.)

Morris A. Davis Presents Keynote on Housing Policy at Eye on Washington Conference
A new paper authored by Morris A. Davis, academic director of the Graaskamp Center, provides evidence of expensive, inefficient and poorly motivated U.S. housing policy, and calls on policymakers to radically reform efforts to stabilize housing markets and promote home-ownership.  Read more.

Professor Morris A. Davis Discusses U.S. Housing Policy
Professor Morris A. Davis, academic director of the Graaskamp Center, talks to IBMadison.com about why U.S. housing policy should be radically reformed. Tune in for an economic forecast and a backwards glance, too.  Listen to the interview.


Resources

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

Attention Employers! Networking Receptions to be Held in Chicago and Minneapolis
If you are an employer who is looking for talent who can make an immediate impact on your company, you are invited to join us at networking receptions in Chicago on March 27th and in Minneapolis on April 17th. You’ll meet our staff of career placement professionals, learn more about the Wisconsin School of Business, and hear how we can make your recruitment efforts efficient and successful. We hope to see you there!

To make your reservation or to learn more about Wisconsin’s career placement services, please email Matt Nelson, associate director of the MBA Career Management Center, at mnelson@bus.wisc.edu or 608-265-5102.

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.

Building a Housing Policy That Works
On June 1 in Madison, 2012 Wisconsin Real Estate & Economic Outlook Conference will discuss what policies the current or the next administration should implement to design a healthy, responsible, functioning, and efficient housing market. Featured speakers include Karl “Chip” Case (co-founder of the Case Shiller Home Price Index); Lawrence Yun, Chief Economist of the NAR; and Curt Culver, President of MGIC.  Learn more.  Register now.


Events Calendar

May 3
AREIT Board Meeting
Madison, WI

May 17-19
Commencement
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