New research using Megan’s Laws data confirms that property values decline when sex offenders move into a neighborhood — and points to how much it's worth spending on policies that prevent violent crime.
An easy-to-implement policy allows firms to determine the effect of future financing and performance milestones on pricing decisions, even when firms face uncertain market conditions.
Lynne Sagalyn, director of the School’s Paul Milstein Center for Real Estate, lays out the benefits and challenges facing the private and public sectors when they team up to undertake large-scale development and infrastructure projects.
Why did subprime mortgage borrowers make the choices they did? In her new book, The Art of Choosing, Professor Sheena Iyengar examines how we make choices.
Why are the homeowners who can most benefit from strategic default on underwater mortgages the least likely to choose it?
Noting that seller behavior doesn't always conform to standard economic theory, Chris Mayer explains why housing markets tend to function poorly in a down economy.
A combination of an incentive fee program with a legislative initiative to modify servicing agreements can help reduce the number of foreclosures.
Foreclosure estimates are high, but Professor Eric Johnson says that fewer people will walk away from their homes than we might think. Why?
Should the government out the home lenders that it says isn't doing enough to help homeowners? Senior Vice Dean Chris Mayer shares his thoughts.
As high salaries soar even higher, housing prices in the most attractive cities have tested their limits.
High Line visionaries, architects, developers and city planners gathered for a panel discussion on October 13 about the 75-year-old elevated railroad that reinvigorated West Chelsea.
"It is one thing to know about real estate and know about companies but another to have teachers who can make the connections for you," says Robert Klein '04. Keep reading this alumni profile.
Morgan Stanley's bribery scandal in China is by no means an isolated event.
If the owner of a piece of land hires a developer to construct a building, the project's timing may hinge on the developer's own motives. How can the owner design a contract that aligns the interests of both parties?
A new orientation lecture about the financial crisis was created this year to give students an overview of the causes and key issues of the crisis.
The combination of financial innovation and a liquidity burst is a classic element of an asset bubble, Professor Frederic Mishkin told students at a recent economic forum.
How misaligned incentives between brokers, banks and borrowers encouraged widespread falsification on mortgage applications.
Simple mortgage modification programs may encourage a high rate of strategic default for those whose homes aren’t at risk of foreclosure.
Chris Mayer talks about housing market fundamentals, the U.S. housing boom and the surprising results of his recent study of U.S. house prices.
Economic indicators are all around us, from the number of empty store fronts to the volatility index for the stock market.
Sam Zell recently spoke about the economy and the real estate market as part of the Silfen Leadership Series. What investment opportunities does he see in the future?
As Washington weighs action to stabilize the housing market, a new proposal for stemming the tide of foreclosures from Professors Chris Mayer and Tomasz Piskorski of the Business School and Edward Morrison of Columbia Law School is gaining currency. The key, they argue, is to align the financial incentives of all stakeholders to modify loans that homeowners cannot afford and remove legal barriers that deter servicers from seeking loan modifications.
From the Archive: A skewed sex ratio is fueling a highly competitive marriage market, driving up China’s savings rate and with it the global trade imbalance.
The article discusses research by Prof. Piskorski and James Witkin of the Paul Milstein Center for Real Estate that sheds light on the extent of housing bubble fraud.
Prof. Mayer discusses recent big bank settlements of mortgage–related legal disputes.
South America’s leading economy and one of the most intriguing markets for global real estate investors was the destination for this year’s Columbia Business School Real Estate Association international study trip. From March 16 to 24, twenty-eight students and two faculty members traveled to Brazil, meeting with more than a dozen financial institutions, government organizations, and real estate developers, investors, and service companies in Sao Paulo and Rio de Janeiro to gain a sense of the market landscape and understand how companies are approaching current opportunities.
The Columbia Business School Real Estate Association (REA) is pleased to announce the co-presidents and vice presidents elected for the 2013-14 academic year.
Columbia Business School is pleased to have two real estate-focused women awarded real estate scholarships from WX New York Women Executives in Real Estate.
Hundreds of real estate alumni from classes spanning more than 50 years gathered on April 30 for the 2013 Annual Alumni Real Estate Reception. Held at the Columbia Club of New York, the event honored 2013 Distinguished Real Estate Partner John R. Klopp of Morgan Stanley Real Estate Investing.
Neng Wang, the Chong Khoon Lin Professor of Real Estate at Columbia Business School, has been awarded a 2013 Research Grant from the School’s Jerome A. Chazen Institute of International Business to further his work on dynamic entrepreneurial finance.
Andrew Jacobs ’96, managing director and partner at Metropolitan Real Estate Equity Management, focuses on identifying, evaluating, and overseeing real estate private equity fund managers and investment opportunities in the eastern United States and Latin America. An adjunct associate professor in the Finance and Economics Department, he teaches the Real Estate Project Class. In a recent interview with Diego Banos Garcia ’13, he discussed his firm’s business, opportunities in the current economic climate and his teaching.
Team ”Capital City Investment Group,” consisting of four Columbia Business School students, placed second in the invitation-only UNC Real Estate Development Challenge held on February 14-15 in Chapel Hill, North Carolina. In doing so, they improved upon last year's third-place finish by the School’s team and continued the momentum following the School’s victory at the National Real Estate Challenge at Austin in the fall.
Professor Lynne B. Sagalyn presented the paper ”Entertainment Centers and the Quest for Transformation in the Periphery” with Amanda Johnson at the University of Amsterdam’s master class workshop, ”Explaining Metropolitan Transformation: Politics, Functions, and Symbols,” January 24-25 in the Netherlands.
The article highlights job placements of the School’s Paul Milstein Center for Real Estate MBA Real Estate Program graduates.
MBA student Annie Koo ’14 has been awarded the Young Men’s/Women’s Real Estate Association of New York 2012 Scholarship. A member of the school’s Real Estate Association, Koo studied public housing and cohousing and worked at the City of New York Department of Housing Preservation and Development prior to beginning her MBA program. A native of Texas, she selected from a pool of undergraduate and graduate real estate students from Columbia, NYU, and Baruch who demonstrate charitable or community service involvement.
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