Looking at Renzo Piano’s design for Manhattanville (the future home of CBS), one can see why this world-renowned architect is often described as “a master of light and art.”
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.
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?
Many foreclosures are not preventable. However, if a foreclosure is preventable, and the borrower wants to stay in the home, the economic case for trying to avoid foreclosure is strong.
One of the reasons that Modern Political Economy is such an enjoyable course to teach is that every term a real-life issue emerges that underscores the course’s contemporary relevance. What to do about the credit crisis that cascaded from the home mortgage debacle is the latest case in point.
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.
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.
Yesterday I asked Public Offering visitors the same question I asked my Modern Political Economy students: should the federal government intervene in the current crisis or simply let the market work its painful way out? Here are a couple student responses.
The New York City Council officially approved the University’s construction of a new uptown campus, which will allow the business school to powerfully broaden its resources. Read more...
A recent study confronts misperceptions about the underlying drivers behind the decade-old real estate boom and refutes conventional wisdom saying there is a housing bubble. Read more...
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Two teams - Emerging Markets Real Estate Equities (EMREE) and Grosvenor - tied for first place in the 9th Annual Sheldon Seevak Real Estate Business Plan Competition, held on Wednesday, April 23rd. Read more...
An evening featuring the remarks of Ben Bernanke, chairman of the Federal Reserve, and Russell Carson '67, cofounder of private investment firm Welsh, Carson, Anderson & Stowe, raised more than $3 million for the School's programs and initiatives. Read more...
Professor Christopher Mayer explains the critical role Fannie Mae and Freddie Mac play in the mortgage market. Read more...
The Federal Housing Authority's spending to keep troubled mortgage holders in their homes in a falling housing market could ultimately lead to bigger losses, says Professor Christopher Mayer. Read more...
With setbacks to the redevelopment plan for Manhattan's West Side, advocates of a more gradual approach to commercial development, including Professor Lynne Sagalyn, suggest a change of course. Read more...
Lynne B. Sagalyn, Earle W. Kazis and Benjamin Schore Professor of Real Estate, has been appointed Director of the Paul Milstein Center for Real Estate, effective July 1, 2008. Read more...
On Thursday, March 20, the Center on Japanese Economy and Business hosted a zadankai (informal discussion group) titled, Japan’s Economic Prospects: How Good Are They? Read more...
Dean Hubbard argues that the Fed should temporarily expand the Federal Housing Administration's authority to deal with the housing crisis. Read more...
"On the Public Offering blog, several students at Columbia Business School provide their view on what should be done about the current mortgage crisis. 'We have been living through at least 15 years of continuous asset-price inflation; will a government intervention in this deflation -- whether through buying up mortgages or reducing interest rates -- just create more of the same?' writes Erik Diehn." Read more...
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"Professor Chris Mayer points out that some $750 billion of annual mortgage lending has dried up as the securitization of subprime and jumbo loans has collapsed." Read more...
Paul Milstein Center and EMBA team up for the first EMBA/MBA Real Estate overview panel. Read more...
The Paul Milstein Center Hosts Annual Sheldon Seevak Real Estate Business Plan Competition Read more...
Omar Nasser Eddin '07 took home the top prize at the annual Sheldon Seevak Real Estate Business Plan Competition Reception Dinner on April 27th Read more...
Professor Chris Mayer presented an overview of real estate valuations to the Real Estate Roundtable in Washington, DC on April 26th Read more...
Twenty-Five Real Estate students visited Sao Paulo and Buenos Aires in March, as part of the Chazen International Real Estate Study Tour. Read more...
Alumnus Edward Mannix '04 takes on Global Warming Read more...
Professor Chris Mayer, Director of the Paul Milstein Center for Real Estate, discusses Alt-A loans on NPR's Marketplace Money. Read more...
Networking events become increasingly important to the business school experience as summer rapidly approaches and students rush to secure internships and full time positions. Read more...
On CNN?s ?In the Money? last week, Professor Chris Mayer gave viewers advice on whether to rent or buy their homes. Read more...
Chris Mayer Participates in WSJ Online Housing Economy Blog Read more...
On Thursday November 30th, the Real Estate Association and the Paul Milstein Center for Real Estate hosted the 2006 annual Real Estate Alumni Reception. Read more...
OUT2PLAY Cuts Ribbon on First Refurbished Playground Read more...
Summer internship profile, by Maury Stern '06, Bottom Line. Read more...
Chris Flynn '04 is applying her MBA to community development and affordable housing with the Housing Development Corporation in New York City. Read more...
Real estate and community development, Bottom Line. Read more...
Joseph Azrack, MBA ?72, president and CEO of Citigroup Property Investors, generously donated the complete Urban Land Institute (ULI) ?library? to the School. Read more...