Winter 2014 Newsletter

In this issue:

Bell leaves indelible mark on Center for Real Estate

After more than two years as the inaugural chair of the Center for Real Estate Advisory Board, Betty Bell turned over the helm to board member Nancy Haggerty, an attorney at Michael, Best & Friedrich. Bell will continue to serve as one of the 21 Advisory Board members and will continue to be an active supporter of the real estate program.

Bell was instrumental in founding the Advisory Board in the spring of 2012, which ultimately strengthened the Center for Real Estate and real estate program. She worked closely with Center staff to establish the annual Real Estate Strategies Conference, which is one of the largest professional conferences held on campus.

“Betty’s passion and commitment motivated not only other board members, but also staff, students and faculty – myself included,” said Dr. Mark Eppli, interim Keyes Dean of Business Administration and Bell Chair in Real Estate. “She has left an indelible mark through her leadership, enthusiasm and commitment to the program.”

Betty’s passion for helping students is evident in the resume review sessions she has been hosting for several years. According to one student, “Not only did Betty improve my resume, but she also gave me great advice about my future career path options. I highly recommend this 20-minute session – anyone not doing it is missing out.”

Bell is the marketing director for Pabst Farms Development Inc., a master-planned community in Oconomowoc. She graduated at the top of her class with a bachelor’s degree in journalism from Marquette in 1973 and went on to get her MBA from the Kellogg School of Management at Northwestern University. She and her husband, Peter, were among the founders of the real estate program at Marquette University in 2002, and provided an endowment for the Robert B. Bell, Sr., Chair in Real Estate.

Marquette Real Estate thanks Betty Bell for her years of leadership, and we welcome Nancy Haggerty to her new role!

Real estate intro night

On October 7th, the Center presented the third annual real estate intro night. This is a roundtable event with two industry professionals at each of eight different tables representing the different areas of real estate. This event provides students the opportunity to learn about commercial real estate career opportunities. Students spent fifteen minutes at three different tables. This year we reached a record 60 students attending!

Case competition success

In April, two very competitive teams of real estate students will compete in both the Harold E. Eisenberg Midwest Real Estate Challenge and the NAIOP Minnesota University Challenge.

Last spring, the NAIOP Minnesota University Challenge team took 1st place honors against schools that included the University of Wisconsin-Madison, University of Minnesota, St. Cloud State University, University of St. Thomas, and University of Iowa.  The site for the 2014 competition was a hotel and restaurant parcel next to the TCF Bank football stadium at the University of Minnesota in Minneapolis, adjacent to a new light-rail stop. Led by adjunct instructor, Kris O’Meara, the Marquette team of Luke Hammer Tom Jahnke Michael Leon, and Meg Murphy, proposed a dual-brand, single-flag hotel with separate entrances and three retailers connected to the lobby, as well as an 800 stall automated parking structure.  The Harold E. Eisenberg Midwest Real Estate Challenge Spring 2014 team took runner-up at this year’s challenge, with the first place honors going to a team of graduate students from Roosevelt University in Chicago. The Eisenberg team consisted of Kevin Cooney, Timothy (Brewster) Hague, Luke Timmis, and Michael Ertle.

Students visit NYC and Denver in October

Thanks to the support of our alumni and others, the Center for Real Estate was able to cover much of the cost of students attending the ULI Fall Conference in NYC and the NAIOP Development ‘14 Conference in Denver.  These conferences provide students opportunities to learn about real estate trends and expose our program to the real estate community.  

Adjunct instructor and developer Blair Williams accompanied six students to the Urban Land Institute’s Fall Meetings and Conference in NYC at the Javits Center.  The ULI Fall Meeting attracts more than 7,000 members from every sector of the real estate development industry. At this conference, ULI releases their annual Emerging Trends in Real Estate publication, which is one of the most highly regarded and widely read forecast reports in the real estate industry. Students were able to hear firsthand about these trends.

The following week, CRE Associate Director Nina Schuerman took six students to the NAIOP Development ’14 conference in Denver. Students were able to get a behind the scenes tour of Coors Field and the Pepsi Center and learn how the LoDo district, one of Denver’s oldest business districts, has become an entertainment hub between downtown Denver and the Union Station redevelopment.   Upon arrival, the students attended a dinner organized by Andrew Hunt with several Denver-area alumni. During the conference, students were able to listen to speakers such as Fox News Sunday anchor Chris Wallace and economist K.C. Conway.  The trip concluded with a reception at Union Station, and the NAIOP Wisconsin chapter hosted a dinner with their Wisconsin members and our students.

Harold E. Eisenberg Foundation career day in Chicago

On November 7th, thirteen Real Estate Club students attended the 8th annual Harold E. Eisenberg Foundation Career Day in Chicago.  This event brings students and professionals together for a day of networking, site tours, and learning about different career paths in commercial real estate.  Real estate majors from other universities including Indiana, Notre Dame, DePaul, Illinois, and Northwestern also attended.  A major portion of student costs were defrayed by the Eisenberg Foundation.  

This year, Sterling Bay’s Scott Goodman and Keat Crown provided students with a presentation and tour of the West Loop submarket and some of Sterling Bay’s recent developments.  In the afternoon, John Bucksbaum, Marci Carol, and Tim Gardels of Bucksbaum Retail Properties led a tour of the New City project in Lincoln Park.  The day also included a roundtable event and a career fair with more than seventeen real estate companies represented. Many thanks to the Harold E. Eisenberg Foundation!

Marburg Lecture & bowling event

This year the Center for Real Estate got involved with the Economics Department’s annual Marburg lecture.  Harvard Professor Edward Glaeser, one of the leading experts on the economics of cities was the speaker for this year’s Marburg Lecture, hosted by the Economics Department.  Glaeser discussed topics from his latest book, The Triumph of the City. He believes that cities are crucial to economic development and that proximity has become more valuable than ever as the cost of connecting across long distances has fallen.  Contrary to popular myths, dense urban areas – and not suburbia – are the true friends of environment.  Several students from the real estate program attended the presentation.  If you missed the lecture, you can watch a video of Glaeser’s presentation. Following the lecture, the Center for Real Estate and Real Estate Club hosted a gathering and bowling event the Annex. Sixteen students were paired up with professionals for a night of bowling and networking.

Upcoming industry outreach events

NAIOP Chicago – Thursday, January 15, 7:45 am: Dr. Mark Eppli is the keynote speaker for the NAIOP’s forecast breakfast.  The event will review Dr. Eppli’s 2015 forecast for the property and capital markets.  Marquette University is the university partner for NAIOP Chicago. Please come out to show your support for the program and NAIOP.  The event will be held at Riverway Auditorium, 6133 N. River Road, Rosemont, IL.  For additional information visit NAIOP Chicago’s Events page.

IREM Milwaukee – Thursday, January 8, 6:45am: Dr. Mark Eppli will once again keynote IREM’s annual Milwaukee real estate market forecast breakfast held at the Italian Conference Center.  The forecast breakfast is IREM Milwaukee’s flagship event and regularly draws 400-500 attendees. For more information and to register, please visit IREM Milwaukee’s registration page.

Also stayed tuned for the dates on Schenck’s Real Estate and Construction Forum. Mark Eppli will be providing an economic forecast during these sessions.

Alumni deal-making

Completed any deals with Marquette alumni recently? We want to hear about it! The Center for Real Estate is hoping to highlight some of our alumni success stories in the summer newsletter. If you have completed a deal with a fellow alum please let us know, and we may feature you in the next newsletter. Please contact Center for Real Estate Associate Director Nina Schuerman with your stories.

A note of thanks to CRE financial supporters

Most all of the activities discussed in this newsletter would not have occurred without the generous financial support and the time of the CRE’s founding members, Advisory Board members, REALM board and network, and other donors and conference sponsors.  During this holiday season, we would like to extend a warm “Thank You” to all of those who continue to support us financially and in the classroom – you are making a difference in the lives of so many people, and we are very fortunate to have your gifts.

If you are interested in supporting us financially, please contact Director of Development Dave Tamburrino or Center Associate Director Nina Schuerman. You can also give online directly by following this link: Give Online (Select “Other” and write in “Center for Real Estate”).