Lynne Sagalyn

Earle W. Kazis and Benjamin Schore Professor of Real Estate

Finance and Economics

Director

The Paul Milstein Center for Real Estate

BS, Cornell, 1969; MCRP, Rutgers, 1971; PhD, Massachusetts Institute of Technology, 1980

Joined CBS in 1992

Download Curriculum Vitae (PDF)

Lynne Sagalyn

Office
816 Uris

Phone
212-854-3380

E-mail
lbs4@columbia.edu

Fax
212-854-8776

Teaching and research interest

Professor Sagalyn is the Earle W. Kazis and Benjamin Schore Professor of Real Estate in the Division of Finance and Economics at Columbia Business School, where she is director of the Paul Milstein Center for Real Estate and director of the MBA Real Estate Program. She teaches the Real Estate Transactions and the Advanced Seminar in Real Estate electives and co-teaches Real Estate M&A and Restructuring Deal Workshop, a course jointly offered with the Law School. Sagalyn is widely known as an expert in real estate equity securities, public/private development and finance and economic development and urban policy. She has published extensively on a broad range of issues in the fields of real estate, REIT investment, public/private finance, and urban policy and is widely known for her research on public/private partnerships and city building. She is the author of Times Square Roulette: Remaking the City Icon (MIT Press, 2001), an analysis of the politics, policy and economics of one of the city’s largest and longest redevelopment initiatives; Cases in Real Estate Finance and Investment Strategy (ULI, 2000); and co-author of Downtown, Inc.: How America Rebuilds Cities (MIT Press, 1989), as well as numerous articles for academic and professional publications. She is currently writing a book on the rebuilding of the World Trade Center with grant support from the Russell Sage Foundation.

Professor Sagalyn's activities outside academia are diverse. She has been a litigation expert, a consultant to both private firms and public agencies, and a member of the New York City [Board of Education] Chancellor's Commission on the Capital Plan. She is an experienced executive education instructor. In the business world, she serves on the board of directors of UDR (NYSE:UDR), where she is vice-chairman, and Blackstone Mortgage Trust (NYSE: BXMT), where she chairs the audit committee.

Professor Sagalyn received her Ph.D. from the Massachusetts Institute of Technology in 1980, a Master of City and Regional Planning from Rutgers University in 1971, and was graduated from Cornell University in 1969 with distinction. Prior to her appointment at Columbia Business School, she was on the faculty of the Department of Urban Studies and Planning at M.I.T.

Memberships and Affiliations

  • Outside Activities
  • UDR (NYSE:UDR), Vice Chairman.
  • Blackstone Mortgage Trust (NYSE:BXMT), Board member and Chair of the Audit Committee.
  • Board member, Regional Plan Association.
  • Audit committee member, Planned Parenthood New York City.

Chapters

Public-Private Engagement: Promise and Practice In Planning Ideas That Matter (2012)
Author(s): Lynne Sagalyn

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Public-Private Partnerships and Urban Governance: Coordinates and Policy Issues In Global Urbanization (2011)
Author(s): Lynne Sagalyn

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Commentary: Does a Rising Tide Compensate for the Secession of the Successful? Illustrating the Effects of Business Improvement Districts on Municipal Coffers In Municipal Revenues and Land Policies (2010)
Author(s): Lynne Sagalyn

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Public-Private Partnerships In Local Planning: Contemporary Principles and Practice (2009)
Author(s): Lynne Sagalyn

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Real Estate and the Local Planning Context In Local Planning: Contemporary Principles and Practice (2009)
Author(s): Lynne Sagalyn

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Positioning Politics: Kelo, Eminent Domain, and the Press In Land and Power: The Impact of Eminent Domain in Urban Communities (2008)
Author(s): Lynne Sagalyn

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Land Assembly, Land Readjustment and Public-Private Redevelopment In Analyzing Land Readjustment: Economics, Law and Collective Action (2007)
Author(s): Lynne Sagalyn

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The Political Fabric of Design Competitions In The Politics of Design: Competitions for Public Projects (2006)
Author(s): Lynne Sagalyn

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The Politics of Planning the World’s Most Visible Urban Redevelopment Project In Contentious City: The Politics of Recovery in New York City (2005)
Author(s): Lynne Sagalyn

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Entrepreneurial Cities and Maverick Developers In Classic Readings in Real Estate and Development (1995)
Author(s): Bernard Frieden, Lynne Sagalyn

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Meshing Public & Private Roles in the Development Process In Real Estate Development: Principles and Process (1995)
Author(s): Lynne Sagalyn

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Public-Private Joint Ventures In The Office Building: From Concept to Investment Reality (1993)
Author(s): Lynne Sagalyn

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Public-Private Partnerships: Business Relationships in Political Environments? In Will Decentralization Succeed? National, Regional and Local Development in Multi-Party Democracies: A Conference Report (1992)
Author(s): Lynne Sagalyn

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Downtown Shopping Malls and the New Public-Private Strategy In Shared Power: What Is It? How Does It Work? How Can We Make It Work Better? (1991)
Author(s): Bernard Frieden, Lynne Sagalyn

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Public Profit Sharing: Symbol or Substance? In City Deal Making (1990)
Author(s): Lynne Sagalyn

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Downtown Shopping Malls and the New Public-Private Strategy In The Great Society and Its Legacy: Twenty Years of U.S. Social Policy (1986)
Author(s): Lynne Sagalyn, Bernard Frieden

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Journal articles

The Use and Abuse of Blight in Eminent Domain In Fordham Urban Law Journal (2011)
Author(s): Martin Gold, Lynne Sagalyn

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Public/Private Development: Lessons from History, Research, and Practice In Journal of the American Planning Association (2007)
Author(s): Lynne Sagalyn

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The Halting Consolidation Revolution In Wharton Real Estate Review (2002)
Author(s): Lynne Sagalyn

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Times Square: A Revisionist Lesson in City Building In Hermes (2000)
Author(s): Lynne Sagalyn

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Negotiating for Public Benefits: The Bargaining Calculus of Public-Private Development In Urban Studies (1997)
Author(s): Lynne Sagalyn

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Consolidation in the Real Estate Industry: Big vs. Strategic? Reflections on the Industry Structure of the Future In The Journal of Real Estate Investment Trusts (1997)
Author(s): Lynne Sagalyn

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Institutional Options: Publicly Traded REITs and Privately Held Real Estate Investments In The Journal of Real Estate Investment Trusts (1996)
Author(s): Lynne Sagalyn

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Conflicts of Interest in the Structure of REITs In Real Estate Finance (1996)
Author(s): Lynne Sagalyn

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Downtown Malls and the City Agenda In Society (1990)
Author(s): Lynne Sagalyn, Bernard Frieden

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Explaining the Improbable: Local Redevelopment in the Wake of Federal Cutbacks In Journal of the American Planning Association (JAPA) (1990)
Author(s): Lynne Sagalyn

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Real Estate Risk and the Business Cycle: Evidence from Security Markets In Journal of Real Estate Research (1990)
Author(s): Lynne Sagalyn

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Measuring Financial Returns When the City Acts As an Investor: Boston and Faneuil Hall Marketplace In Real Estate Issues (1989)
Author(s): Lynne Sagalyn

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Bringing the Shopping Mall Downtown In International New Towns Association (1983)
Author(s): Lynne Sagalyn, Bernard Frieden

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CaseWorks

The Mortgage for Pacific Tower: Spring 2014
Author(s): Lynne B. Sagalyn, Jennifer Morgan

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Archstone From 2007 to 2013 Who Said Life was Easy?: Spring 2014
Author(s): Lynne B. Sagalyn, Jared Nutt '13

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Hostel, Friendly, or Both? The American Hotel: Spring 2013
Author(s): Scott Shapiro, Lynne Sagalyn

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Distressed Debt Investing The Hancock Tower & Garage: Spring 2012
Author(s): Lynne Sagalyn

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Capturing the Chrysler Building: Winter 2009
Author(s): Lynne Sagalyn, Rona Smith

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Fractured Condominium Investment Opportunity: Sierra Vista: Winter 2012
Author(s): Troy Daniel, Michael Gusich, Lynne B. Sagalyn

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Battling Over a New York Workout: The W Hotel Strategy : Summer 2012
Author(s): Lynne Sagalyn, Fred Knapp '12

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Note on Risk Analysis for Real Estate: Fall 2012
Author(s): Lynne Sagalyn

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Liquidity-Driven Investment Opportunities: Mayfair House : Summer 2012
Author(s): Lynne Sagalyn

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Soho Loft Building Pricing the Entrepreneur’s Development Risk (RET): Fall 2013
Author(s): Eric D. Hadar, Lynne Sagalyn

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Debating Strategic Directions in a Changing Investment Landscape: AREA Property Partners: Spring 2012
Author(s): Lynne Sagalyn, Rona Smith

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The Acquisition of Corus Bank: Summer 2011
Author(s): Rona Smith, Lynne Sagalyn

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Putting Back the Pieces of Ownership: The Madison Building: Spring 2011
Author(s): Lynne Sagalyn

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Bryant Park Tower: Fall 2011
Author(s): Lynne Sagalyn, Nicholas Bienstock, Chris Schlank

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Structuring the Burnswell Joint Venture: Fall 2010
Author(s): Lynne Sagalyn

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Restructuring a Bank Loan in Default: Globex Storage Company: Spring 2010
Author(s): Lynne Sagalyn

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Centro: Debt Restructuring: Spring 2010
Author(s): Lynne Sagalyn, Yasmine Uzmez

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111 Eighth Avenue: Recapitalizing the Opportunistic Buy: Spring 2010
Author(s): Jane Yang, Jeffrey Barclay, Lynne Sagalyn

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VNO and the EOP: Blackstone Transaction: Fall 2009
Author(s): Lynne Sagalyn

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Zenith Center: Fall 2012
Author(s): Lynne Sagalyn

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The Associate's Task: Financial Tales of Changing Place: Fall 2009
Author(s): Lynne Sagalyn

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The Mortgage for 1800 L Street: Fall 2012
Author(s): Lynne Sagalyn

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1372 Broadway: Fall 2009
Author(s): Lynne Sagalyn

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Books

Times Square Roulette: Remaking the City Icon (2001)
Author(s): Lynne Sagalyn

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Cases in Real Estate Finance and Investment Strategy (1999)
Author(s): Lynne Sagalyn

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Downtown, Inc.: How America Rebuilds Cities (1989)
Author(s): Lynne Sagalyn, Bernard Frieden

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Working Papers

Cities as Entertainment Centers: Can Transformative Projects Create Place? (2013)
Author(s): Amanda Johnson, Lynne Sagalyn

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The Recast Scope of Public Possibility: Lessons from Times Square Conference Paper (2001)
Author(s): Lynne Sagalyn

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Mediating Change: Symbolic Politics and the Transformation of Times Square Paper (2001)
Author(s): Lynne Sagalyn

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Leasing: The Strategic Option for Public Development Working Paper (1993)
Author(s): Lynne Sagalyn

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Public Development: Using Land as a Capital Resource Lincoln Institute of Land Policy (1992)
Author(s): Lynne Sagalyn

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