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Online talk about Transforming the Irvine Ranch: Joan Irvine, William Pereira, Ray Watson, and THE BIG PLAN

UC Irvine Libraries is hosting a Hybrid Book Talk and Lecture on the History of the City of Irvine and UCI. This event will feature H. Pike Oliver and C. Michael Stockstill, authors of Transforming the Irvine Ranch: Joan Irvine, William Pereira, Ray Watson, and The Big Plan for an insiders’ account of the history of UCI and its surrounding community.

2016 Runstad Center Affiliate Fellows Present: A City to Love

Please join us for the 2016 Runstad Center Affiliate Fellows final presentation of their research from Auckland, New Zealand.  They have explored the ways in which a city can rapidly transform the function and capacity of the public right of way to support a rich urban life at a time of unprecedented population growth.  A relevant topic indeed!



Friday, February 17, 2017
12:00-1:30 pm

Gould Hall, room 440
3950 University Ave NE
Seattle, WA  98195

Refreshments will be served, please RSVP to

The Runstad Center Affiliate Fellows Program gathers thought leaders from industry, faculty, and Master of Science in Real Estate students to examine real estate issues in cities around the globe.  The 2016 Runstad Affiliate Fellows are Rick Mohler, Barbara Swift, Joe David, Giovanni Migliaccio, Genevieve Hale-Case, Amy Hartman, and Ben Broesamle.


Financial and macro-economic factors in global real estate markets

The last three decades have seen increased integration across global stock markets. New research from the Runstad Center of Real Estate Studies at the University of Washington has examined what factors drive international integration across public real estate markets. The research has implications for fund managers as increased integration can have a negative impact upon the diversification opportunities available across global real estate markets. The findings observe that whilst public real estate markets have become more inter-connected, both the level and increase in integration is less than that observed in stock markets generally.

The research, authored by Simon Stevenson, John and Rosalind Jacobi Family Professor of Real Estate and Director of the Runstad Center, also considers how financial and macro-economic factors impact the extent of co-movement across markets. The results highlight that those countries with heightened financial and trade openness and display monetary independence see increased integration. The stability of respective the foreign exchange rate also has a significant impact.

Financial market factors, both specific to public real estate as well as the broader stock market, are also important. The paper finds that increased integration is observed in countries with larger stock markets, which are themselves more integrated with the global market, whilst the size of the public real estate market also plays an role. Specifically, public real estate markets that constitute a larger proportion of the overall domestic stock market, also tend to display increased integration. Factors such as volatility and trading volume in public real estate stocks are also important elements.

The paper, “Macroeconomic and Financial Determinants of Co-Movement across Global Real Estate Security Markets” is published in the latest issue of the Journal of Real Estate Research, the primary publication of the American Real Estate Society.

Faculty search underway for undergraduate courses

The University of Washington’s Department of Urban Design and Planning and the Runstad Center are seeking two affiliate part-time instructors for the spring quarter to teach a Real Estate Market analysis course and an Accounting for Real Estate course. The instruction dates are from March 28th through June 1st with exam week being from June 5-9th. For additional information and material submission please contact Prof. Sofia Dermisi at The application deadline is February 10th, 2017 and specific information regarding the position can be found here