The Pinnacle

Newsletter of the Kelly A. Bergstrom Center for Real Estate Studies


December 2011

LATEST NEWS

Bergstrom Center Reception at the ICSC Florida Conference

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The UF Bergstrom Center again hosted a reception at the ICSC Florida Conference in August, but moved to a larger, nicer venue, the Castillo de san Marcos Fort in the center of the Gaylord Palms atrium. This change allowed for us to accommodate the largest crowd in history – nearly 300 people networked and built stronger business relationships during the two-hour reception on the Thursday evening of the conference. The Bergstrom Center is grateful for the support of Bergstrom Council members Brian Carolan and Kyle Wood in coordinating this event. Visit the Bergstrom Center Facebook page to view event photos.


Q3 Survey of Emerging Market Conditions Results

Turbulence in the stock market and weak economic data continued to put downward pressure on real estate markets in the third quarter. The UF Commercial Real Estate Sentiment Index declined for the second consecutive quarter as respondents worry about the continued weakness in the U.S. and Florida economies and project a tough market over the next year. Continued weakness in the job market along with what our respondents' believe is excessive regulation of the banking industry are dampening their outlook on real estate despite a continued positive outlook on property fundamentals. View the Survey of Emerging Market Conditions page.


New Assistant Director Joins Center

The Bergstrom Center was able to add the position of Assistant Director in June, a testament to the continued fiscal strength of the Center, made possible by its numerous supporters and friends. Angela Betancourt comes to the Bergstrom Center from NAVC, the leading non-profit provider of veterinary continuing education, and previously Kennedy Space Center Visitor Complex, where she held various roles in the marketing department. Angela will oversee Bergstrom Center marketing, branding and event management. She can be reached via email (Angela.Betancourt at warrington.ufl.edu) or at 352.273.0312.


UF Bergstrom Center Real Estate Advisory Board Retreat

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Held each September in Gainesville, this year's Advisory Board retreat once again brought students and advisory board members together for two jam packed days of innovative thinking and industry predictions focused on today's real estate market and the economy surrounding it. Two of the featured presenters, Dr. Sam Chandan, Chief Economist of Chandan Economics, and KC Conway, Executive Managing Director, Real Estate Analytics of Colliers International gave board members insight into past and future market conditions. Advisory board members were also given an update on various Bergstrom Center projects, many of which are funded by their generous support.

View Larger Photo MSRE students were invited to attend the entire retreat, which provided them with the opportunity to seek advice and network with board members, many of whom will likely employ these students once they graduate in the spring. Students also formally introduced themselves to the board in taped presentations that are now available on our website.


Bergstrom Center Welcomes 20 New Advisory Board Members

The Bergstrom Center is proud to welcome the following industry leaders to the Real Estate Advisory Board:

  • David Albright, Director, Florida Community Bank
  • Victor Ballestas, Regional Director, ST Residential
  • Bryan Bartlett, Vice President, Grubb & Ellis Phoenix Realty Group
  • Steve Cohn, Senior Vice President, Bank of America
  • Jennifer Moran-Dieringer, Vice President, Partner and Licensed Real Estate Broker, Fabian Realty, Inc.
  • Richard Edwards, President, Edwards Realty Services
  • Mitchell Friedman, Partner, Pinnacle Housing Group
  • Carson Good, Managing Director, Jones Lang LaSalle
  • Raymond LaCour, Senior Vice President, Raymond James Financial
  • Michael Maguire, Senior Vice President, BB &T
  • Daniel Martell, Vice President, Florida Crystals Corporation
  • Paul Phillips, Executive Vice President, IDI
  • Michelle Pierce, COO, Providence One Partners
  • George Pincus, Shareholder, Stearns, Weaver, Miller, Weissler, Alhadeff & Sitterson
  • David Sobelman, Executive Vice President, Calkain Companies
  • Katie Sproul, President, Barron Collier Companies
  • Hunter Swearingen, Principal, Ciminelli Real Estate Services
  • Charlie Toppino, President, Oak Pass Capital Management
  • Jonathan Wolf, President & Founder, Wendover Housing Partners, LLC
  • Lawrence Wright, President/CEO, Lawrence Wright and Partners

Learn more about the advisory board.


PROGRAM NEWS

MSRE Program Adds International Experience

With global markets becoming more integrated and international corporations growing exponentially, the need for global business knowledge is vital for success. With that in mind, UF Bergstrom Center Real Estate Advisory Board member Jim Izzo is helping Professor Ling, MSRE program director, arrange the first ever international trip for Nathan S. Collier Master of Science in Real Estate (MSRE) students. The entire class of 2013 will travel to Brazil with real estate faculty and industry professionals to learn about foreign business practices at worldwide corporations. They will receive two credit hours for this week-long immersion experience. Future MSRE students will visit other exciting destinations as part of this newly-formed degree requirement.


Ling Awarded George Bloom Service Award and IPFET Fellowship

Earlier this year at the annual meetings of the American Real Estate and Urban Economics Associations (AREUEA) in Chicago, Dr. David Ling, McGurn Professor of Real Estate and Director of the Nathan S. Collier Master of Science in Real Estate (MSRE) program, was awarded the George Bloom Award. The Bloom award is presented annually by the Directors of AREUEA in recognition of "outstanding contributions to the field of real estate academics" and for "distinguished service to the Association."

Professor Ling was also recently appointed to a three-year Fellowship in The Department of Land Economy at the University of Cambridge; funded by British Land and The Investment Property Forum Educational Trust (IPFET). According to Colin Lizieri, Grosvenor Professor of Real Estate Finance at the University of Cambridge, "the Fellowship was established as a mechanism for world class real estate academics to spend regular periods at Cambridge over a three year period to teach, study and help raise the profile of real estate research, both within Cambridge and more generally in the United Kingdom. "We are delighted that Professor David Ling will be able to visit the Department. His expertise offers tremendous opportunities for research collaboration with the real estate finance group at Cambridge and he will provide a global perspective on leading-edge property research for our students and the wider academic community."


Malone Now ARGUS Software® Certified

As the real estate industry evolves with advances in technology and more efficient practices, so does the MSRE program curriculum. MSRE students now have the opportunity to learn from an ARGUS Software certified instructor, Dr. Kent Malone, Lecturer of Real Estate Studies. ARGUS Software is the leading provider of software in property management, asset valuation, portfolio management, budgeting, forecasting, reporting and lease management.

Malone's knowledge and training provides students with the opportunity to gain experience with the complexities of the ARGUS Software products, as well as the credentials required to assist students in achieving certification. Adding ARGUS training to the curriculum provides an even greater competitive edge for MSRE students upon graduation.

Learn more about the MSRE class of 2012.


MSRE Students Learn Real-World Strategies

The Nathan S. Collier Master of Science in Real Estate (MSRE) class of 2012 has had a busy fall semester, which has included REE 6315 - Market Analysis. Led by adjunct professor Blaine Strickland (MARE '80), the students have been immersed in developing tools to help them define, analyze and compare trade areas. "The goal of the class is to help students better understand the elements of 'art and science' in market analysis, and they have worked through many real-life case studies that have helped them refine both their judgment and evaluative skills," said Strickland. In place of a final exam, students present their final team project analyses in a format where four different properties are examined by two teams each.

In addition to their rigorous academic curriculum, MSRE students attended several Ring Distinguished Speaker Series presentations this semester. Ring presentations feature industry leaders who graciously volunteer their time to visit campus to share their knowledge with students and faculty. This fall, the Bergstrom Center hosted the following speakers:

  • Mr. Paul Phillips, Executive Vice President, IDI
  • Mr. Martin "Hap" Stein, Chairman & CEO, Regency Centers
  • Ms. Debra Koehler, President, Sage Partners, LLC
  • Mr. Richard P. Donnellan, Jr., Principal, Apartment Realty Advisors
  • Mr. John Coleman, Senior Vice President, EastGroup Properties, Inc.

You can now view recent Ring Distinguished Speaker Series presentations on the new Bergstrom Center YouTube channel.


UPCOMING EVENTS

3rd Annual UF Bergstrom Center Real Estate Forum

January 12, 2012
Villa East; Gainesville, Florida

The Real Estate Forum is Gainesville's only interactive forum dedicated to real estate. Coordinated with support from Bergstrom Council member Beau Beery, a panel of respected, local experts will answer difficult questions about market conditions and their forecasts for the future. Network with hundreds of the region's real estate professionals and receive up-to-date information from leading real estate experts. The forum will take place Thursday, January 12, 2012 at Villa East (formerly Savannah Grand) in downtown Gainesville. Register today.

2012 UF Bergstrom Center Real Estate Trends & Strategies Conference

The Future of Real Estate
February 16-17
Portofino Bay Hotel at Universal Orlando

Join the discussion on The Future of Real Estate and gain the knowledge necessary to make high-level decisions in the ever-changing market.
Featured discussion leaders include:

  • Charles A. Bissell, CRE, Co-Managing Partner, ARA National Seniors Housing Group
  • Dr. Chip Case, Co-developer of the Case-Shiller Index and Professor Emeritus of Economics at Wellesley College
  • Dr. Sam Chandan, President and Chief Economist of Chandan Economics and an adjunct professor at the Wharton School of the University of Pennsylvania
  • Dr. Youguo Liang, Managing Director of Investment Research and member of the Investment Committee and Management Committee of Prudential Real Estate Investors
  • David Pearce Snyder, Strategic Forecaster and Life Styles Editor, The Futurist

Register online today to save $50 off of the registration fee. Prices increase on December 19th.

UF Hosts Critical Issues in Real Estate Symposium in partnership with FSU

March 29-31, 2012
University of Florida

UF is proud to host this annual academic symposium in partnership with Florida State University. This invitation-only symposium assembles leading researchers studying commercial real estate from throughout the world. It will be a fertile event to refine the work presented and inspire new directions of inquiry. Started several years ago by FSU, this is the first year of collaboration between programs.

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Phone: 352.392.2397
Fax: 352.392.2086

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