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Wharton News
 Tom Barrack and Eric Schlager Barrack launches Schlager Lecture Series on Real Estate EntrepreneurshipThomas J. Barrack, Jr., the founder, chairman, and chief executive officer of Colony Capital, LLC, was the speaker at the first Eric and Beth Schlager Lecture Series on Real Estate Entrepreneurship on Wednesday, September 30 holding the rapt attention of a roomful of students, faculty and members of the Zell/Lurie Real Estate Center. Career Mentor Program matches 144 studentsThis year, the Zell/Lurie Center matched 144 students, both undergrad and graduate, from the Wharton School and Penn's School of Design and Law School with Career Mentors. The mentors are members of the Center who volunteer to provide career advice and guidance to up to three students throughout the academic year. Matches are made on the basis of professional expertise and interests. Many students met their mentors at a continental breakfast the morning of the Fall Members' Meeting. This is the nineteenth year of the Career Mentor Program, still going strong.  Andrew Siwulec of PNC Bank meets with mentee Erich Sorger  Jeff Barclay of ING Clarion meets with mentee Mike Givner  Norman Kransdorf of Urdang Capital Management meets with mentee Kevjorik Jones Downturn not driven by overbuilding, says Joe Gyourko
 Joe Gyourko Gyourko spoke on "Impacts of the Economy and Federal Policy on the Real Estate Industry" at the NAREIT 2009 Senior Financial Officers/Investor Relations Meeting in New York on September 22. He addressed the ICSC 2009 Shopping Center Law Conference in Phoenix on October 22 on "The Economic Outlook: Risk Factors for Real Estate, the Economy and Retail Spending."  Peter Linneman Linneman Receives Graaskamp AwardThe Pension Real Estate Association biennial James A. Graaskamp award was presented to Peter D. Linneman at the 2009 PREA Fall Conference on October 28 in Beverly Hills, Calif. Linneman has requested that the $10,000 scholarship that accompanies the Graaskamp Award be divided between Wharton's Zell-Lurie Real Estate Center for an undergraduate or graduate real estate student, and his alma mater, Ashland University. "It is a great honor receiving this award from PREA, and the generous scholarship will help deserving students at these institutions," says Prof. Linneman. According to PREA, Linneman's "body of work embodies the very spirit of the Graaskamp Award, which is given to recognize those persons who contribute to the common body of knowledge some practical insights gained through significant research." The award highlights and encourages high-quality research in institutional investment in real estate, and is named in memory of the late Dr. James A. Graaskamp, a distinguished professor of real estate at the University of Wisconsin, and a champion of research of immediate use to investment decision makers. Peter Linneman was the guest speaker for the NIC (National Investment Center for Seniors Housing & Care Industry) Executive Circle Webcast on "The Prospects for Capital, Real Estate and the U.S. Economy" on October 6 . Linneman led an in-depth discussion on the economy and commercial real estate markets. He covered the impact of the Obama Administration's monetary policy on inflation, the normalization of real estate pricing and risk premiums, and where to find the opportunities in today's market. He discussed seniors housing and provided insights into how seniors housing is performing compared to other forms of commercial real estate. The NIC, based in Annapolis, Md., is a resource for lenders, investors, developers/operators, and others interested in meeting the housing and care needs of America's seniors, facilitating informed investment decisions through best-in-class data, research, networking events and professional education.  Witold Rybczynski Rybczynski published in The Atlantic; new book comingWitold Rybczynski, Martin & Margy Meyerson Professor of Urbanism, School of Design and Professor, Wharton School, was invited to give the annual Lewis Lecture at the Baltimore Architecture Foundation. His article "Home Truths," on green architecture and urbanism, appeared in the October issue of The Atlantic. He is currently completing final edits on his forthcoming book, Makeshift Metropolis, on American urban design, which will be published by Scribner next year.  Susan M. Wachter Wachter testifies before Congress on the future of mortgages
Susan Wachter has been called four times in the last six months to provide testimony before members of the House of Representatives and U.S. Senate. Most recently, on October 8, she appeared before the Senate Committee on Banking, Housing, and Urban Affairs for their hearing "Future of the Mortgage Market and the Housing Enterprises." Her testimony, "Envisioning a Safe, Sound Mortgage Market for Sustainable Homeownership," evaluated the broad options of nationalization, privatization, and a public/private system for the U.S. mortgage market, ultimately making the case for standardization in a public/private system that promotes secure homeownership for American families.
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