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Real Estate

Category: Students

Real Estate Club/ULI Young Leaders Panel

Real Estate Club/Urban Land Institute Young Leaders Career Panel Event
Wednesday January 18th
Gould Hall Court

5-8 pm

Hear from rising ULI leaders about their careers in the built environment, gain valuable insight into the current market, & meet other students & young professionals. You’ll have a chance to network with these professionals before and after.  

Register here!

 Panel

David Baker – Real Estate Development Project Manager, Homestead Community Land Trust

Diana Bashirova – Development Analyst, Mill Creek Residential Trust (MSRE Alumnae)

Hunter Kacsur – Acquisitions & Development Analyst, Hines

Nick Burrin – Acquisitions Associate, Unico Properties

Moderated By MSRE alumnus Tyler Tveit of Emerald City Ventures

Lead with your heart

Runstad Center faculty member Deborah Scaramastra talks about the importance of using your heart when making job choices, read her Linkedin post.

Silhouette of George Washington statue, University of Washington, Seattle campus on November 20th, 2013. Photo by Katherine B. Turner
Silhouette of George Washington statue, University of Washington, Seattle campus on November 20th, 2013. Photo by Katherine B. Turner

2017 NAIOP Real Estate Challenge

MSRE 2017 Candidate Sean Durkin shares his thoughts on the NAIOP Real Estate Challenge. This unique competition is the framework for the Real Estate Development Studio, a course requirement for the development option in the MSRE curriculum.

The likely winning team debates potential layouts for the Translink site in Coquitlam, BC Disclosure: This picture is of the authors team
The likely winning team debates potential layouts for the Translink site in Coquitlam, BC Disclosure: This picture is of the authors team

This year’s NAIOP Real Estate Challenge takes University of Washington Runstad Center development-focused students to Coquitlam, British Columbia to compete against the Portland State University and University of British Columbia real estate development students.

The subject site, surrounded by heavy and light rail as well as a 20-terminal bus roundabout, is currently operated as a park & ride. It is owned by the Canadian government’s transit arm, TransLink, and is ripe for a re-imagination, the focus of the competition.  The challenge includes aspects of public and private collaboration, new development analysis and underwriting, phasing, costs of construction, market analysis and forecasting, and financial feasibility analyses.  Thanks to The Runstad Center, second year students have been well-educated in these aspects and will bring a diversity of ideas and work experience for a responsible, transit oriented, development. With foreign tax laws and market cycles, Greater Vancouver offers students an unfamiliar market to enthusiastically tackle.

Under the direction of Runstad professors Al Levine and Pike Oliver, students are responsible to gather and verify market data and site information in order to deliver an economically viable development project that will beautify the transit station and rider’s experiences, continue to offer park and ride potential, benefit the community, and attract a for-profit developer.

With UW being four-time victors of this 14-year development competition, competition is high amongst the class with three internal teams independently developing a plan of action. Students will vote on the most viable work and unite late in the quarter to all work on finalizing the design and deal structure that serves TransLink, an outside developer and the community best.

Are you on the Washington Chapter NAIOP email list?  Look for the blast email from Seattle’s NAIOP chapter to register for the Seattle March breakfast event where teams from each school will present their proposals and a winner will be announced.

 

The buzz is out about the upcoming minor in real estate

Jill Wood, Co-President of Windermere Real Estate and Runstad Center Advisory Board member, was recently quoted in a story about the new real estate minor.  Read the full article here Two undergraduate courses will launch spring quarter: RE 400 Real Estate Accounting and RE 360 Intro to Real Estate Market Analysis.  Please contact msre@uw.edu for more information about registering.

New Undergraduate Initiative in Real Estate

Thanks to a generous endowment from the Jacobi Family and Windermere Real Estate the University of Washington is launching a series of undergraduate classes in real estate. The Director of the Runstad Center for Real Estate Studies, Professor Simon Stevenson, who also holds the John and Rosalind Jacobi Family Chair, described the initiative as an important part of the long-term development of the Real Estate program at UW.

“The development of an undergraduate minor is exciting in many respects. It will complement the well established MSRE program and will also open up real estate and the associated career possibilities to UW’s undergraduate student body. The first class started this quarter and from a standing start it already has over twenty students enrolled. The Intro to Real Estate class will be followed by a Market Analysis course in the Spring Quarter. As more courses are rolled out over the next two years this will develop into a fully-fledged minor in real estate. Everyone in the University of Washington’s College of Built Environments would like to extend our thanks and appreciation to Windermere Real Estate and the Jacobi family for their support and help in developing this exciting initiative”.

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