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Wharton News
Sam Zell Speaks to Students
Sam Zell the Chairman of Equity Group Investments, and principal benefactor of the Zell/Lurie Real Estate Center at Wharton, offered a tour de force discussing topical real estate industry issues, the problems facing the industry at this time, and offering solutions. His conversation with Dr. Peter Linneman of Wharton's Real Estate Department on Monday, September 24th, was enthusiastically received by a standing-room only crowd of 225 Wharton students who packed the Prince Theater at The Annenberg School.
Career Panel Offers Real Estate Students Valuable Professional InsightsOn Friday morning, October 12th, a record number of more than 70 students had the chance to focus on various career opportunities in real estate at a series of panels. Center Director Joseph Gyourko welcomed the students and moderated the Finance and Private Equity Panel. Guest professionals who generously offered to serve on this panel included David King - NorthStar Capital Investments, William Scully - Apollo Real Estate Advisors and Daniella Spaventa - Berwind Properties. Associate Director Asuka Nakahara moderated the Entrepreneurial and Development Panel. His panelists were John Dewey - Dewey Homes, Mitchell Morgan - Morgan Properties and John Zaharchuk - Summit Realty. Associate Professor Chris Mayer was the moderator for the Finance, Investment Management & Capital Markets Panel. His guest panelists were T. Ritson Ferguson - Clarion CRA Securities, David Solis-Cohen - Lend Lease Real Estate Investments and Peter Weltchek - Banc of America Securities. The Zell/Lurie Real Estate Center is extremely grateful to all the panelists who took time out from their busy schedules and devoted a morning to this important program -- sharing their unique and invaluable insights with our students.
"Awful Things Have Always Happened in Cities", says Professor Witold RybczynskiWitold Rybczynski, Meyerson Professor of Urbanism and Real Estate was quoted in Business Week, October 1, 2001 in an article entitled, The Future of the City. "Historically, awful things have always happened in cities, which you would have thought would discourage people from living there," says Witold Rybczynski. "What's so striking is that it doesn't really stop anybody. They come back and rebuild."
Professor Susan Wachter on AVMs and in Oxford for a ULI (Europe) Presentation
Professor Wachter also represented Wharton Real Estate at St. Hugh’s College, Oxford, for a Graduate Real Estate Initiative funded by the Urban Land Institute (Europe).
Professor Linneman - Key Speaker, Here and AbroadProfessor Peter Linneman was the keynote speaker, together with Sam Zell, at the GRI Summit in Paris this Fall. The topic was "Where Are the Opportunities?" He also spoke in Chicago, Boston, Atlanta and Dallas where he asked and answered the question, "Is It 1990 All Over Again?"
Look for High Rises to Be Shorter, More Secure, and Still Linked to CitiesAn article in the popular online business magazine Knowledge@Wharton discussed the impact of the recent terrorist attacks on the city landscape. Wharton faculty and real estate industry executives suggest that signature skyscrapers will remain a part of our cities. Read the article in its entirety here.
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An article
by Susan Wachter, Professor of Real Estate and Finance at Wharton,
recently appeared in Housing America Update [Vol.2, No. 1], a review
published by the Research Institute for Housing America. "While
not a complete replacement for traditional appraisals, the ability of Automated
Valuation Models [AVMs] to swiftly predict house prices can reduce the up-front
costs of purchasing a home," writes Wachter. "As markets evolve, policy
makers must attend to the potentially hazardous side effects as well as to the
potential benefits of the new AVM systems... It is up to private and public
sector leaders to make sure that these systems work for everyone."
