Tag Archives: MRED

Photo of Thursday Night Live, courtesy of NAIOP

NAIOP-AZ release year-end report

From philanthropy to tackling key issues affecting the industry to education and networking, NAIOP Arizona reports that its more than 700 members closed out a successful 2014.

Events such as Night at the Fights, the new Signature Speaker Series, Thursday Night Live, the quarterly Market Leaders Series and the golf tournament attracted more than 3,500 attendees combined.

The 2014 Dream Team program fed more than 5,600 homeless people in downtown Phoenix as teams from 13 NAIOP Arizona member firms volunteered on Friday afternoons during the year.

Tom Johnston was named 2015 chairman, succeeding Megan Creecy-Herman, the first female chairman of NAIOP Arizona and the youngest person in the country to hold that title.

“It (2104) was another successful year for NAIOP Arizona as we held more than 40 events focused on everything from education to volunteerism,” said Creecy-Herman. “We had 90 corporate sponsors in 2014, the most in our chapter’s history. This demonstrates the value that our industry sees in NAIOP Arizona.”

When it came to issues affecting NAIOP Arizona, the organization was just as vocal and proactive.

As the chapter made education a priority, NAIOP Arizona continued its partnership with Arizona State University’s Masters of Real Estate Development (MRED) program. A number of NAIOP members taught a practicum class throughout each semester via a case study or with a panel of experts.

The chapter also revamped its mentorship program, which selected 12 new, young professionals this past fall for its fourth annual class. That program helps educate Developing Leaders (members 35 and under) by pairing them with industry veterans to learn about the commercial real estate development industry.

“The chapter is in great shape and we look forward to another fantastic year with our signature events, an enhanced mentorship program and creating a philanthropic foundation,” Johnston said.

Team Max

ASU real estate development students compete in challenge

Students in Arizona State University’s Masters of Real Estate Development (MRED) program at the W.P. Carey School of Business will be competing for up to $6,000 in the inaugural REIAC/Rockefeller Group Challenge starting at 5 p.m. on Tuesday, May 13 at the Ritz-Carlton Phoenix.

Three competing teams of graduating MRED students will each present a development solution for a storied asset of local Arizona commercial real estate including multi-family, retail and entertainment. MRED teams will demonstrate their strategy for the local development projects including acquisition, financing, entitlements and design.

Teams will have just 10 minutes to present followed by questions, with the winning team chosen by the audience. Winning team members will each receive a $1,000 cash prize, up to $6,000.

The REIAC/Rockefeller Challenge MRED case competition event is open to the public and cost is $35. The event includes a networking reception with appetizers and refreshments from 6-7 p.m. Seating is limited and reservations are required online at www.reiacsouthwest.org or call 623-581-3597.

The Southwest Chapter of REIAC, an exclusive organization of top real estate executives involved in developing, acquiring and/or financing real estate recently formed a partnership with ASU’s MRED program.

“REIAC is very excited to conduct this inaugural competition event for the MRED program, aligning top real estate experts and professional standards with academia for bettering the commercial real estate community as a whole,” said Todd Jarman, board president of REIAC Southwest and senior vice president, BBVA Compass.

The MRED student case study competition is sponsored by The Rockefeller Group who has a longstanding history of supporting education. The future W.P. Carey Evening MBA program will be located at The Rockefeller Group’s Chandler 101, an 844,000-square-foot mid-rise office development in Chandler’s Price Corridor

“We are extremely proud to be sponsoring this premier student competition of ASU’s graduate level program for demonstrating their mastery of a real estate investment and determining the feasibility of its development,” said Mark Singerman, REIAC board member and regional director-Arizona for The Rockefeller Group.

“Many of Phoenix’s real estate executives have ties to ASU and a significant number are also members of REIAC. The alliance allows for the students to have access to local real estate leaders and we’re looking forward to seeing the teams showcase their talents in the annual REIAC/Rockefeller Group Challenge,” Singerman said.

“The REIAC/Rockefeller Group Challenge provides students an experience that teaches them how to apply the theory of real estate in a practical way only available because of local industry support that comes from this Challenge,” said Mark Stapp, executive director of MRED, W.P. Carey School of Business at ASU.

REIAC provided $5,000 in scholarships for the 2013/2014 academic year. Requirements of the scholarship program include being a full-time student, an Arizona resident and preferably, having the desire to work locally upon graduation.

McCordHall, WEB

REIAC Forms Alliance with MRED Program at W. P. Carey School of Business

The Southwest Chapter of REIAC, an organization of real estate executives involved in developing, acquiring and/or financing real estate, has formed a partnership with Arizona State University’s Masters of Real Estate Development (MRED) program at the W. P. Carey School of Business.

REIAC has provided $5,000 in scholarships for the 2013-14 academic year and recently awarded two MRED students with $2,500 awards. Requirements of the scholarship program include being a full-time student, an Arizona resident and preferably, having the desire to work locally upon graduation.

“Aligning with the MRED program is a way to bridge the gap between academic knowledge and professional standards, strengthen the investment management arena and ultimately better the commercial real estate community as a whole,” said Todd Jarman, board president of REIAC Southwest and senior vice president, BBVA Compass.

In addition to the scholarship program, REIAC is hosting the REIAC/Rockefeller Group Challenge in the spring, a MRED student case study competition sponsored by The Rockefeller Group. The competition will be judged by REIAC members and MRED faculty, for a cash prize of up to $6,000 to the winning student team.

REIAC is looking for MRED teams to demonstrate their strategy for a local development project that includes acquisition, financing, entitlements and design.

“Our students will be demonstrating their ability to apply mastery of a real estate investment and development opportunity and determining the feasibility of development, from analyzing existing buildings to working with local agencies, dealing with market realities, design, construction, finance and legal issues,” said Mark Stapp, executive director of MRED.

“The REIAC/Rockefeller Group Challenge provides students an experience that teaches them how to apply the theory of real estate in a practical way only available because of local industry support that comes from this Challenge,” Stapp said.

“Many of Phoenix’s real estate executives have ties to ASU and a significant number are also members of REIAC. The alliance allows for the students to have access to local real estate leaders and we’re looking forward to seeing the teams showcase their talents in the annual REIAC/Rockefeller Group Challenge,” said Mark Singerman, REIAC board member and regional director-Arizona for The Rockefeller Group.

The Rockefeller Group has a longstanding history of supporting education. The W.P. Carey Evening MBA program will be located at The Rockefeller Group’s Chandler 101, an 844,000 SF mid-rise office development in Chandler’s Price Corridor.

Phoenix-Area Housing Market

How to Survive the Phoenix-area Housing Market

The Phoenix-area housing market is especially difficult for home buyers to navigate right now. They face rising prices, competition from investors and other bidders, and a short supply of available homes for sale. That’s why The Arizona Republic and the ASU Real Estate Council at the W. P. Carey School of Business are hosting a free event to help people sort through the complications.

“We keep hearing from potential home buyers how tough it is to deal with current conditions in the Valley housing market,” says Catherine Reagor, who covers the real estate market for The Arizona Republic and azcentral.com. “This is one way to help.”

The event called “Phoenix Housing Market Explained” will be held Saturday, April 6, starting at 9:30 a.m. at Arizona State University’s Tempe campus.

It will feature:

* Catherine Reagor, senior real estate reporter for The Arizona Republic
* Mike Orr, director of the Center for Real Estate Theory and Practice at the W. P. Carey School of Business
* Mark Stapp, the Fred E. Taylor Professor in Real Estate and director of the Master of Real Estate Development (MRED) program at the W. P. Carey School of Business

The three will participate in a panel discussion and then take questions from the audience. Reagor will offer insight into what she’s seeing as buyers and sellers negotiate ever-changing market conditions…and prospective buyers try to secure a mortgage.

Orr, a prominent real estate expert whose monthly reports on the Phoenix-area housing market are often covered by the national media, will talk about many factors that could affect prospective home buyers right now.

“Everything from investors to rising prices and the short supply of houses are coming into play for people who want to own a new home,” says Orr. “It can be frustrating to bid repeatedly for properties and still come up dry. I’ll go over some of the latest data that could help provide an edge.”

Stapp, an established real estate developer himself, will moderate the discussion and explain current trends in new-home building.

The event will be held in the Business Administration C-Wing Building, or BAC, at 400 E. Lemon St. at ASU in Tempe. Parking is available just across the street at the intersection of Apache Boulevard and Normal Avenue. Signage will direct participants from the garage to room BAC 116 on the first floor of the BAC building.

Because space is limited, registration is encouraged at conversations.azcentral.com. More information about the event can be found at www.money.azcentral.com, www.wpcarey.asu.edu, or by calling (602) 444-4931.

More information about the Valley real estate market is available in the W. P. Carey School’s monthly reports at http://wpcarey.asu.edu/finance/real-estate/market-reports.cfm.