Fall - Winter 2010 News

Penn State Sports Business Conference

Penn State Sports Business Conference with their presenting partner, Pepsi, persevered and executed an outstanding week-long virtual event featuring some of the brightest minds in sports media, business, tech, and culture.

Greetings From Penn State!

Make no mistake about it, 2011 was a difficult year for Penn State University. Yet, for those of us affiliated with the real estate group in the Smeal College of Business, we have much for which we can be proud.

Featured Alumni - Kevin Keane

Mr. Keane joined Lincoln Property Company in 1987 and is responsible for development, construction, financing, property management, and acquisitions of market rate apartment properties, and military family housing privatization activities for the US Army.

Are you on LinkedIn?

Have you joined the Penn State Real Estate Group? If not, join today to connect with Penn State Alums in the real estate industry!

Smeal Team Takes Second Place in Cornell Real Estate Competition

A team of Smeal College of Business undergraduate students finished in second place in the second annual Cornell Real Estate Case Competition, held Nov. 10-11 in New York. Smeal’s team, Prestige Worldwide, LLC, took home $3,000 as the runner up, narrowly missing out on first place to a team from New York University. Teams from Cornell University, Guelph University, Indiana University, the University of Connecticut, and the University of Texas at Austin also took part in the competition, which was held at TIAA-CREF corporate headquarters in Manhattan.

Are you on LinkedIn?

Have you joined the Penn State Real Estate Group? If not, join today to connect with Penn State Alums in the real estate industry!

Featured Board Member – David Welsh

David Welsh is a managing principal and founder of Normandy Real Estate Partners in Morristown, N.J. Prior to forming Normandy in 2002, David worked at Morgan Stanley where he managed U.S. debt financing activities for the Morgan Stanley Real Estate Funds (MSREF). Prior to Morgan Stanley, David directed acquisitions for Gale & Wentworth, a nationally recognized investment and development firm that assembled a multi-billion dollar property portfolio.

The Second Annual Real Estate Tailgate

The Institute for Real Estate Studies second annual Real Estate Tailgate was held on October 30, 2010 following the IRES Advisory Board Meeting. The event allowed board members, Penn State Alumni in the real estate industry, and students to network and celebrate the Michigan game together!

Wall Street Journal: Ten reasons to buy a home

The Wall Street Journal watched Time Magazine go from a June 2005 cover (“Home $weet Home”) asking “Will your house make you rich?” to the recent cover story, “Rethinking Homeownership.” But the Journal came up with ten reasons why it’s good to buy a home now or in the near future. Let’s look at a few of the arguments:

The Foreclosure Crisis

The U.S. housing market bubble burst in the latter half of 2007 and three years later, the housing industry is still recovering. Lenders across the country are foreclosing on mortgaged homes and according to Brent Ambrose, Smeal Professor of Real Estate and director of the Institute for Real Estate Studies, it’s going to take a long time to get ourselves out of this mess.

Economic recovery is different this time

The role of housing in the economic recovery was addressed in a presentation by Eric Rosengren, president and CEO of the Federal Reserve Bank of Boston in January. Rosengren’s speech highlighted two questions associated with the economic future of the nation.

Are you on LinkedIn?

Have you joined the Penn State Real Estate Group? If not, join today to connect with Penn State Alums in the real estate industry!

Featured Student – Joe Stunja – “11

Joe Stunja is a graduating senior with a Bachelor of Science degree in Finance with a minor in the Legal Environment of Business. Stunja has accepted a job offer with CB Richard Ellis in their Valuation and Advisory Services group in Manhattan.

Featured Alumnus – Paul Touhey – “01

Paul Touhey is a Vice President with CB Richard Ellis who began his career in 2001 working for Insignia/ESG, Inc. In 2003 he joined CB Richard Ellis through the merger of CB Richard Ellis and Insignia. Paul specializes in industrial and life sciences related real estate on both a local and national basis.

We Are Real Estate!

Greetings from the Institute for Real Estate Studies! The Spring 2012 semester proved to be another initiative packed period for the Institute and real estate education at Penn State.

Featured Alumni - Angelina Carleton

Ms. Carleton is an Advisor at Sperry Van Ness – Rich Investment Real Estate Partners. She focuses on investment sales of real estate in Los Angeles and the environs. Ms. Carleton previously worked as a Senior Associate at NAI Capital, where she leased commercial buildings and listed land and off-market opportunities throughout Los Angeles, San Bernardino and Fresno Counties.