tag:blogger.com,1999:blog-84309723551489496712024-03-21T19:16:58.427-07:00Roo DiligenceThe Lewis White Real Estate Center at the University of Missouri-Kansas City's Henry W. Bloch School of Management is a comprehensive center for formal real estate education in which students and practitioners study in a collaborative environment involving direct engagement with the real estate community to learn about the theoretical and applied aspects of real estate. Constituents of the LWREC and followers of KC real estate in general, check in regularly for news and insights.Unknownnoreply@blogger.comBlogger40125tag:blogger.com,1999:blog-8430972355148949671.post-4116768236520908552012-07-02T14:54:00.001-07:002012-07-02T14:54:18.789-07:00Sherman Dreiseszun Scholarship Fund DoublesThe Sherman Dreiseszun Scholarship Fund just doubled in size today as the Dreiseszun Family Foundation added another $15,000 to the original amount donated by the Copaken White and Blitt families a few years ago. These funds will stay in an endowment for perpertuity in honor of one of Kansas City's legends of real estate, Sherman Dreiseszun. The earnings of this fund will be used to subsidize students who intend to pursue a long term career in real estate but need some financial assistance to do so. Our city is so fortunate to have such generous and caring people who choose to make our city a better place. Thank you to the CWB people and to the Dreiseszun Family Foundation. Your support will sew seeds of success in our community. White Centerhttp://www.blogger.com/profile/12174870396466760845noreply@blogger.com0tag:blogger.com,1999:blog-8430972355148949671.post-54399544605755785582012-07-02T14:48:00.001-07:002012-07-02T14:48:01.369-07:00President's ClubOur Third Annual Presidents Club was great fun and very informative. Brio's food was delicious as well. Frank Lenk from the Mid America Regional Council performed his usual stellar rendition of "How to make your community grow healthy, wealthy and wise through sustainable infrasctucture". His ideas and research stimulated a great deal of enthusiastic discussion and it was truly insightful. This was a great opportunity to gather together those leaders who volunteer their time to be President of their local commercial real estate organizations. These are the people who are being "significant" as well as being successful. Our community is fortunate to have these dynamic and successful leaders. Several of the advisory council members attended as well and added to the lively conversation. A picture of the austere group and names to follow. Stay tuned. White Centerhttp://www.blogger.com/profile/12174870396466760845noreply@blogger.com0tag:blogger.com,1999:blog-8430972355148949671.post-12472432643419397582012-03-10T07:29:00.003-08:002012-03-10T07:50:21.391-08:00Legal Contexts of Real Estate DecisionsTwo of Lane 4 Property Group's top producers are engaged in a case study in the Legal Context of Real Estate Decisions, they are joined by fellow student with an architectural background. This is in the new Technical Room of the Law Building on UMKC's campus. The class is being taught by Professor Tony Lupino from the UMKC Law School and from Peter DiGiovanni the lead attorney from the prominent real estate firm of Lewis Rice and Fingersh. The role play involves a land owner of 10o acres who want to develop it and the class is charged with interviewing the owner and making recommendations about how to move it forward including all the legal issues relating to contracts, partnerships,<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhq_3woXtZGt8qhFcj6mGL1UmmCdYJiMlEGaLi6xD6B398V4qo7cH_p8EVhCmQRVyzdLyHTzGRiRGGa9qG9bEaiIFwwWlFy0IUtbw7CIhag5aBvri4MY_jLJ0LcfBY6e2n2jqW9YHvWMUCT/s1600/Class+3+10+12.JPG"><img style="MARGIN: 0px 10px 10px 0px; WIDTH: 320px; FLOAT: left; HEIGHT: 240px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5718294475870404114" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhq_3woXtZGt8qhFcj6mGL1UmmCdYJiMlEGaLi6xD6B398V4qo7cH_p8EVhCmQRVyzdLyHTzGRiRGGa9qG9bEaiIFwwWlFy0IUtbw7CIhag5aBvri4MY_jLJ0LcfBY6e2n2jqW9YHvWMUCT/s320/Class+3+10+12.JPG" /></a> agency relationships, ground leases, term sheets and negotiations. This is the first day of a three day course supplemented by several on line sessions culminating next month. <br /><br /><div></div>Walthttp://www.blogger.com/profile/03778915656475295860noreply@blogger.com0tag:blogger.com,1999:blog-8430972355148949671.post-85297053773823124382012-03-10T07:10:00.002-08:002012-03-10T07:28:40.388-08:00Breaking Ground for New Building<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgFltrtJdyPnPzvcOzF-5y8TwwxVRaSdWuQEH8vQ_-cBvDfXB1oS8WmLpPvPMC6Zjx9550LvyK7WEzcFUAUPj3z2WKQaVVUTrtQhTuXrA9O5Le1Uktl2_VAhgGBAMVimu2AMDrEHoCjAZq6/s1600/FacultyEtAlDirtSM.jpg"><img style="MARGIN: 0px 10px 10px 0px; WIDTH: 320px; FLOAT: left; HEIGHT: 213px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5718286238697330386" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgFltrtJdyPnPzvcOzF-5y8TwwxVRaSdWuQEH8vQ_-cBvDfXB1oS8WmLpPvPMC6Zjx9550LvyK7WEzcFUAUPj3z2WKQaVVUTrtQhTuXrA9O5Le1Uktl2_VAhgGBAMVimu2AMDrEHoCjAZq6/s320/FacultyEtAlDirtSM.jpg" /></a> From right to left is: yours truly, Professor Walt Clements, Director of the White Real Estate Center: Mr. Henry Bloch, (the star of the show): Joan Gallos, PhD and Director of the EMBA program: Dean Teng Kee Tan, Dean of the Bloch School of Management: Roger Pick, PhD Director of the MBA program: and Fred Hays, PhD, Chair of the Finance Department. We had the privilege of taking part in the ground breaking of the new 68,000 SF building into which we will be moving August of 2013. The Institute for Entrepreneurship and Innovation, (IEI)of which the Lewis White Real Estate Center is an integral part, is clearly putting the Bloch School of Management at UMKC on the global map of education. We are ranked number 21 out of 2,320 colleges and universities in the country in our graduate program and number 10 in the undergraduate program. We have the number 1 and number 4 ranked researchers on Entrepreneurship in the entire world (out of over 1,700 researchers). Kansas City is truly a hot bed of the leading edge entrepreurial thinking applied to real estate in the world. How exciting it is to be a part.<br /><br /><br /><div></div>Walthttp://www.blogger.com/profile/03778915656475295860noreply@blogger.com0tag:blogger.com,1999:blog-8430972355148949671.post-2801023879184771952012-02-19T09:42:00.001-08:002012-02-19T09:56:26.329-08:00UpdateThe Lewis White Real Estate Center has grown to the point that we need to have a full time PhD dedicated to our real estate curriculum to continue our progress. We have started the paperwork necessary to advertise for this position and hope to have found the perfect person in time to start our Fall 2012 courses in both the traditional and executive delivery formats. <br /><br />Dr. Jim DeLisle from the University of Washington just concluded five solid days of "Market Analysis and Feasibility Studies" that included the lastest technology and methods known to the real estate profession. The students completed demographic and psychographic searches and further developed financial modeling skills. <br />The executive sessions starting this month will be "Construction Means and Methods" and "Legal Context of Real Estate Decisions".<br /><br />In our traditional delivery of Market Analysis and Feasibility Studies, we just heard from the head of JC Penny's Research Department who flew in from Dallas to spend three hours with our class about their processes and a live case study they are dealing with currently in the site locations decision process. Next week we will hear from a site location specialist from Walgreen's who personally located over 900 Walgreen sites.Walthttp://www.blogger.com/profile/03778915656475295860noreply@blogger.com0tag:blogger.com,1999:blog-8430972355148949671.post-51773830410904069762012-01-07T14:50:00.001-08:002012-01-07T15:01:41.805-08:00Corporate Real Estate Education at it's finestDr. Margaret Latshaw heard four presentations today from our students in regard to specific recommendations to local companies to help them solve a particular real estate dilemma with which they were faced. The local firms of Goodwill Industries, Century Tel, Interstate Bakeries and UMKC took time to meet with their assigned student group and share their coporate situations as it related to real estate decisions. The students took that information and combined it with what they learned in class and made specific recommendation to them in a formal presentation this morning. The student's preparation was outstanding and the representatives of those companies each provided invaluable insight in review and comment about each presentation.<br />All of this was preceded by yesterdays' session of a corporate relocation expert who flew in from Atlanta to provide her methodology on helping companies with their real estate decisions as an outsourced consultant. She was very insightful.<br />In addition, Rudy Beese, Attorney from SNR Denton shared a large amount of date in written format with oral explanations about the multitude of tax incentives and view about the "border wars".<br />Joy Hays and Curt Petersen from the Polsinelli Law firm shared with us some valuable insights about green leases and the clauses to look out for with practical experience woven in.<br /><br />Truly two of the most intense days of information about Corporate Real Estate practices ever presented in just two days.<br /><br />Next month is Dr. Jim DeLisle from the University of Washington who will share 5 days of insights from his "work in progress" textbook on the lastest techniques and tools related to Market Analysis and Feasibility Studies in Real Estate.Walthttp://www.blogger.com/profile/03778915656475295860noreply@blogger.com0tag:blogger.com,1999:blog-8430972355148949671.post-18927030775156909582012-01-05T07:50:00.001-08:002012-01-05T07:53:18.160-08:00The REIT IndustryThis is our 5th month of our Executive delivery of the Masters in Entrepreneurial Real Estate. Today, Dr. Randy Anderson enlightened the class on what REITS are, how they are structured, their history of returns and most importantly where they are headed in the near future. Opportunities abound in this area of real estate.Walthttp://www.blogger.com/profile/03778915656475295860noreply@blogger.com0tag:blogger.com,1999:blog-8430972355148949671.post-59913297079012115442012-01-05T07:48:00.000-08:002012-01-05T07:48:53.398-08:00Real Estate Industry Predictions for 2012<a href="http://speakingofrealestate.blogs.realtor.org/2011/12/29/real-estate-industry-predictions-for-2012/#.TwXGRcy7OTQ.blogger">Real Estate Industry Predictions for 2012</a>Walthttp://www.blogger.com/profile/03778915656475295860noreply@blogger.com1tag:blogger.com,1999:blog-8430972355148949671.post-8418845348803006262011-12-10T09:40:00.000-08:002011-12-10T10:28:37.164-08:00Day one of "Corporate Real Estate"Dr. Margaret Latshaw, Started the class with introductions to JE Dunn (multi-billion dollar construction company) who shared their process of deciding where they were to put their corporate headquarters. Terry Dunn was accompanied by Greg Nook. They told the candid challenging story of their four year process step by step. They made some valuable observations about the real estate process. <br />Dr. Latshaw's personal experience working with Sprint, H&R Block and Bank of America has proven valuable in her design of this course. After JE Dunn's presentation, Margaret shared a academic discussion of corporate real estate based on our assigned readings, followed by a visit by Wayne Mathison who ran a 300 person corporate real estate department and is now a private consultant. We continued with a working lunch with Justin Chamberlain head of real estate from H & R Block and their retail portfolio. The challenges of opening up over 100 retail locations per month can be quite daunting. They outsource a large portion of their portfolio to Cassidy Turley and following Justin, we heard from Rich Etzkorn from Cassidy Turley who not only works with H&R Block but also is very involved with Edward Jones 12,000 locations around the country. <br />We'll close today with a review by me (Walt Clements) on some financial spreadsheets used to measure cost of occupancy that was introduced in our "on-line" sessions and then some presentation tips as the students prepare to make some presentations next month. <br />Holiday wishes to all.Walthttp://www.blogger.com/profile/03778915656475295860noreply@blogger.com0tag:blogger.com,1999:blog-8430972355148949671.post-24300385245800077922011-12-09T13:54:00.000-08:002011-12-09T13:57:29.651-08:00First day of 'Capital Markets and Real Estate"The “Capital Markets and Real Estate” course started yesterday under the instruction of Dr. Randy Anderson, the Director of the real estate program at the University of Central Florida. He comes with personal experience as a real estate investor as an individual and as a general partner in a private equity fund. His research in investment properties international and practical experience was evident as he shared his process for evaluating the four basic property types. Which property type should you be invested in and more importantly why? We learned which exogenous shocks to look for and how they impact our real estate investment decisions. We identified the major indicators to track and the free data websites from which to extract meaningful data and what it means. We discussed the possibilities of inflation, when interest rates were going to increase and more importantly. Most importantly he provides the factual data that makes Kansas City a prime location for institutional investment capital right now. He is an advisor to an investment firm who recently bought two large apartment complexes in Olathe, KS. Knowledge truly is Power!Walthttp://www.blogger.com/profile/03778915656475295860noreply@blogger.com0tag:blogger.com,1999:blog-8430972355148949671.post-29676040141045527012011-12-09T13:45:00.000-08:002011-12-09T13:57:49.302-08:00<div>Re = Rd + LR(Rp-Rd)</div><br />
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<br /><div>Another formula to measure leverage and corresponding risk associated with taking on more leverage. Practical insights were discussed concering what to consider when making forecasts of income and future sale price. Practical insights from experience. </div><br />
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<br /><div>That formula coupled with the simple Gordon Growth Model can provide some practical "back of the napkin" assessments when you consider real estate investing. </div><br />
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<br /><div>Dr. Anderson and Dr. Clark offered detailed explanations of how secondary markets work as well as the CMBS markets. How they work, and how we can use them. </div><br />
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<br /><div>Another information packed day. </div>Walthttp://www.blogger.com/profile/03778915656475295860noreply@blogger.com0tag:blogger.com,1999:blog-8430972355148949671.post-20979442853014830732011-11-11T07:52:00.001-08:002011-11-11T07:56:26.828-08:00November Update on Executive Masters Program<span style="color: black;">
</span><span style="color: #1f497d;"><span style="font-family: Calibri;"><span style="color: black;">The third month of the Executive
Master’s in Entrepreneurial Real Estate is now in session. Yesterday we
concluded the “Urban Planning” course with a simulated case study and
role play of the Polsinelli Building Proposal with members of the class playing
the roles of,” Highwoods”,” Save our Plaza” folks, “Planning Commission” and “City Council”. It was quite engaging and interesting.
This follows personal presentations by Vickie Noteis who
represented the “Save Our Plaza” group and Jan Marcusson, City
Councilwoman. <o:p></o:p></span></span></span><br />
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<span style="color: #1f497d;"><span style="font-family: Calibri;"><span style="color: black;"> In addition, Forest
City , Inc (one of our country’s largest developers) sent, John Neely,
one of their lead developers to spend the day with us to talk about how they
consider the urban plan of a community and how they engage with the urban
planners to decide whether or not they want to proceed with a
development. They were the re-developers of Stapleton Airport in Denver
and many more extremely large developments around the country. Some of
the students are talking about potential transactions with him now. <o:p></o:p></span></span></span></div>
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<span style="color: #1f497d;"><span style="font-family: Calibri;"><span style="color: black;">Today, we launch into the last
two days of the Advanced Real Estate Finance course where the students will
take their compounding and discounting business math skills to the next level
on the HP 10B II and Excel Spread Sheets with over 40 preprogrammed templates
to work from. We will do “real estate development modeling” Front Door
and Back Door Analysis and prepare the final exam. <o:p></o:p></span></span></span></div>
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<span style="color: #1f497d;"><span style="color: black; font-family: Calibri;">Very exciting!</span></span></div>
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<span style="color: #1f497d;"><span style="color: black; font-family: Calibri;">- Walt Clements, Director of the LWREC</span></span></div>Russell G. Pearson, MBAhttp://www.blogger.com/profile/14293506761056177876noreply@blogger.com0tag:blogger.com,1999:blog-8430972355148949671.post-52674695713631280792011-10-28T09:29:00.000-07:002011-10-28T09:37:19.943-07:00Real Estate Student Wins Huge Award!!Shane Spencer, our Sherman Drieseszun Scholarship Recipient of last year, was awarded the "Entrepreneurial Student of the Year" at the 26th annual awards banquet this month. <br />Shane's advanced real estate education in addition to his entrepreneurial studies enabled him to create the "Green REIT" for energy oriented real estate investments. Shane has secured a quarter of a million dollars in venture capital funding to go public as soon as he secures one more IRS ruling on the offering memorandum. <br />Shane took every real estate class we offered and was a serious student. He also participated in the ULI Gerald D. Hines national competition earlier this year in collaboration with Kansas State's Architectural program. While we didn't get the "grand prize" for the Hines competiton, the participation itself was an invaluable experience.<br />Congratulations to Shane on his rapid journey to becoming a millionaire.Walthttp://www.blogger.com/profile/03778915656475295860noreply@blogger.com0tag:blogger.com,1999:blog-8430972355148949671.post-2057155451084380302011-10-28T09:14:00.000-07:002011-12-09T13:53:11.860-08:00Real Estate Student Wins Huge Award<div>Shane Spencer, our "Sherman Dreiseszun" real estate scholarship reciepient has won the coveted top prize of the Entrepreuership school's annual competition to become the "Student Entrepreneur of the Year". </div><br />
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<br /><div>With the help of his advanced real estate education through the White Real Estate Center and his entrepreneurial classes, he created the 'Green REIT". Subject to a pending IRS ruling Shane has secured a quarter of a million dollars of venture capital to move his REIT to the open market.</div><br />
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<br /><div>"Shane enrolled in every real estate class offered and was an outstanding student in all" according to Professor Clements, the Director of the White Center. Shane also competed earlier this year in the Urban Land Institute</div><br />
<br /><div></div>Walthttp://www.blogger.com/profile/03778915656475295860noreply@blogger.com0tag:blogger.com,1999:blog-8430972355148949671.post-51736085643004369652011-10-14T11:29:00.000-07:002011-10-19T09:27:22.957-07:00Second Full day of Urban Planning StudiesVickie Notyce offered her side of the "Polsinelli/ Highwoods Vs "Save the Plaza Group? <br />
It was indeed interesting to see the distinct opposite views of the same set of facts. <br />
The class will be divided into opposing groups representing each side to present their view in an attempt to convince the City Council to stop or not stop the office building. (Our mock City Council will not be allowed to recuse themselves from the decision)<br />
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We learned how to become involved in the E-Scholars program with the direction of Beverly Stewart from the IEI department.<br />
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After a tour of the Miller Nichols Library and the new "Roo-bot," we reviewed other authors' views of Kansas City's overall growth based on sociol and demographic variables.<br />
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More to come......Walthttp://www.blogger.com/profile/03778915656475295860noreply@blogger.com0tag:blogger.com,1999:blog-8430972355148949671.post-52636787532322015602011-10-13T13:09:00.000-07:002011-10-13T13:25:55.503-07:00Month 2, 2nd session of 14 sessions to get the MEREThe Executive Masters in Entrepreneurial Real Estate is now in it's second monthly session. Today and tomorrow we are learning from Professor Jim Scott about various theories of urban planning through the study of 21 authors on the subject. Extensive reading for this course has created a solid understanding of the challenges, purposes and practicality of developing, managing and conforming to a well thought out urban plan. From Paris, to New York, to Chicago, St, Louis and Kansas City, how they all grew the way thed did and why?<br /><br />Did you know Edmund Bacon, the planner who re- designed the City of Philadelphia during the depression was Kevin Bacon's dad? (yes Kevin Bacon the actor)<br /><br />Jan Marcussen, 4th district councilperson shared her perspectives this morning about the City of Kansas City's role and circumstances about the Polsinelli building proposed for the Country Club Plaza. Extremely interesting "back story" behind it all. There are many lessons we can learn from it all.<br /><br />Tomorrow we hear from the "Friends of the Plaza" to hear their side of the story. This will be an interesting perspective.<br /><br />Saturday, Dr. Jeff Englested from University of Denver will kick off the "Advanced Real Estate Financial Modeling Course" using Excel.Walthttp://www.blogger.com/profile/03778915656475295860noreply@blogger.com0tag:blogger.com,1999:blog-8430972355148949671.post-56527056054946907642011-09-24T11:14:00.000-07:002011-09-24T15:04:51.017-07:00Entrepreneurial City<span class="Apple-style-span" style="font-family: arial;">The Greater Kansas City Chamber of Commerce's recently announced <a href="http://www.siliconprairienews.com/2011/09/as-part-of-big-5-chamber-aims-to-make-kc-most-entrepreneurial-city">"Big 5" ideas for the future</a> of the city dovetail very nicely with the entrepreneurial emphasis of the Lewis White Real Estate Center's <a href="http://www.bloch.umkc.edu/graduate/master-of-entrepreneurial-real-estate/index.aspx">new degree programs</a> (and the rest of The Bloch School). </span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8430972355148949671.post-23749880050638454352011-09-16T08:41:00.000-07:002011-09-17T08:28:10.237-07:00Blueprint to a BillionThis is a week of "WOW" not only in the classroom but outside the classroom as well.<br />
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Yesterday afternoon we visited the Metcalf South Mall in Overland Park, KS, which will serve as our subject property for the remaining 13 months of study in this program. We spent an hour and a half walking through and around the subject. Jim Harpool, Eric Mann, and their property engineer of 22 years representing the Morgan family provided us all the critical hard data for us to use in our analysis process. We are grateful for the support of people like the Morgan family and Jim Harpool to help us in this project. It will certainly tax the creative genius of our students.<br />
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Following our property tour, we attended the announcement event at the Bloch School about our new higher rankings nationally as an Entrepreneurial and Innovative school as well as the largest donation in the history of UMKC. Henry Bloch's $32,000,000 donation will double the size of the Bloch School Building and create the only building in any business school in the country designed exclusively for entrepreneurial and innovative instruction.<br />
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We finished up the day by attending the SIOR Development Day, which continues to draw the "Who's Who" of the commercial real estate community in Kansas City-- a huge turn out and a great opportunity for networking.<br />
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This morning Michael is walking us through "Blueprint to a Billion Dollars," explaining detailed, step-by-step processes to insure success as a real estate entrepreneur. His insight, refined through his own personal investments in a wide range of ventures, is very helpful in enabling us to see how we can apply this to our own new creative opportunities in real estate.<br />
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It's exam time this afternoon, covering the information learned from Dr. Bolman and Dr. Song. Following the exam Professor Jim Scott will be here to introduce our next topic of "Urban Planning," and I will introduce the "Real Estate Finance" class. Both will be taught over the next two months in a blended "on-line" and "in-person" instruction format.Walthttp://www.blogger.com/profile/03778915656475295860noreply@blogger.com0tag:blogger.com,1999:blog-8430972355148949671.post-71264967393976644152011-09-14T11:11:00.000-07:002011-09-14T11:19:27.972-07:00Exee. Master's of Entrepreneurial Real EstateThe third day of our first "Immersion Week" is continuing to move at a fast pace. This morning the class evaluated a partnership structure through a 24 page case study complete with financial analysis. Techniqued for capital raising for your next venture, metrics to determine success of the proposed venture, pay-back rules of thumb, how to protect yourself, and some very interesting risk management perspectives and calculations. We learned not just how to calculate the metrics but the logic of how to use these metrics to explain the degree of risk for your own decision making and how to communicate it to the investors.<br /><br />This afternoon we are embarking on a Harvard Real Estate Case Study focusing on the principles we have been learning. <br /><br />It is fascinating having the instructors who not only teach well (lots of group interaction and discovery learning methodology) but who have also completed several years of research about their subject matter. <br /><br />Insight of wisdom and experience. Very cool!Walthttp://www.blogger.com/profile/03778915656475295860noreply@blogger.com0tag:blogger.com,1999:blog-8430972355148949671.post-52777669085030844862011-09-13T13:24:00.000-07:002011-09-13T13:38:11.449-07:00Second Day of EMEREDr. Bolman explored various leadership styles as well as providing tools for the students to identify their own personal leadership styles. I took the test as well and found it very revealing and constructive. Several videos were shown demonstrating different leadership styles and the attributes and applications of each one. It was a very insightful view from his recent research and book called, "Reframing the Organization" <br /><br />After lunch Dr. Song presented detailed information about setting up a successful company by breaking it down step by step with processes that he found to be foolproof after 15 years of personal research he has done studying many kinds of companies. He instructed the groups to build a business plan for their real estate company including salaries, start up capital, responsibilities, and how big each of their firms will get using these principles. <br /><br />The depth and detail of the information is truly powerful. The recognition of the nexus of human dynamics and economic realities are so very significant.Walthttp://www.blogger.com/profile/03778915656475295860noreply@blogger.com0tag:blogger.com,1999:blog-8430972355148949671.post-56128675874882463882011-09-12T09:11:00.000-07:002011-09-12T09:21:14.021-07:00First day of Executive Master's in Entrepreneurial Real EstateThe welcome dinner last night at Benton's Restaurant was phenomenal with comments from Chancellor Morton and Dean Tan. Several of the faculty attended with all the students who enjoyed cocktails, food and stellar views of the Kansas City skyline at sunset. <br />How truly exciting it is to be involved in an inaugural initiative like this Executive Master's program to establish a higher level of excellence in real estate decision makers.<br />Today, after a brief orientation by Director Walt Clements, Dr. Michael Song led a discussion about what makes for a successful business venture and applied it to real estate. <br />The class developed a fool-proof model for success based on years of experience of thousands of business start ups. Dr. Song is the leading international researcher and lecturer on this subject. <br />Dr. Lee Bolman is scheduled after lunch to continue to build our valuable body of knowledge. His latest work is now published in over 10 countries. Wow, what an amazing experience.Walthttp://www.blogger.com/profile/03778915656475295860noreply@blogger.com0tag:blogger.com,1999:blog-8430972355148949671.post-89997266278049699932011-08-03T10:21:00.000-07:002011-08-03T10:22:42.358-07:00A Great American Data SourceIf you’re in a real estate-related field, you’re likely already using <a href="http://www.census.gov/">U.S. Census</a> data regularly, at least indirectly. But with ongoing updates based on the 2010 Census and informative new tools available, it’s worthwhile to go directly to the source. <a href="http://factfinder2.census.gov/faces/nav/jsf/pages/index.xhtml">The American Fact Finder</a> is a good place to start for hoards of place-based demographic profiles, economic data, housing stats, and so on. Potential drill down into the data seems nearly endless. <br />
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Click the image below for an example of one new visualization tool with some local relevance.<br />
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<div class="separator" style="clear: both; text-align: center;"><a href="http://www.census.gov/geo/www/maps/2010center_pop_animation/2010mean_center_animation.html"><img border="0" height="156" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi3uyJZeZdjVsH-bw3pW-kD6nb3yZInjLMEoXU4jZ9ezSjAl0542lxrbdzWUnFFCXb69ruFBgZ9qOfx0oxmDzw0umrIGIwhyphenhyphenQgLSR1l-IlLTqikySNSTjvFQrx3uIzEw6ecAx5BhQhJtSp5/s400/Copy+of+Center_of_Pop.jpg" width="400" /></a></div><div><br />
</div></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-8430972355148949671.post-24948303302814320702011-07-08T13:49:00.000-07:002011-07-08T13:57:22.673-07:00Walt Takes Lease v Own Seminar On The RoadWalt Clements, Director of the Lewis White Real Estate Center, will be teaching seminars on Lease Versus Own analysis in several Midwestern cities at the end of July. Cities include St. Louis, Des Moines, and Omaha. Sorry Chicago, maybe next time. <br /><br />Most classes provide at least 3 hours continuing education credit, and lunch is provided.<br /><br />Register online at <a href="http://www.umkc.edu/whitecenter">www.umkc.edu/whitecenter</a>Russell G. Pearson, MBAhttp://www.blogger.com/profile/14293506761056177876noreply@blogger.com0tag:blogger.com,1999:blog-8430972355148949671.post-31624441271943860272011-06-23T09:24:00.000-07:002011-06-23T09:28:58.534-07:00LWREC Recieves Final Approval for Commercial Real Estate Masters Program<p style="MARGIN: 0in 0in 0pt" class="MsoNormal"><span style="font-family:Calibri;">The Lewis White Real Estate Center received final approval from the Coordinating Board of Higher Education (CBHE) of the University of Missouri system last week to offer <b style="mso-bidi-font-weight: normal"><u>a Master’s of Science in Entrepreneurial Real Estate.</u></b> <span style="mso-spacerun: yes"></span>It is the only Master’s Degree in Real Estate offered by an AACSB Accredited Institution within a 500 mile radius of Kansas City.<span style="mso-spacerun: yes"> </span>The CBHE approval follows the decision made last month by the University of Missouri Board of Curators for this program to be offered in two formats. For those with a minimum of 5 years of experience in commercial real estate, there will be a 14 month Executive Format that includes instruction by 9 PhD’s (several<span style="mso-spacerun: yes"> </span>from outside the area), 5 attorneys, 3 CCIM Instructors and a handful of local specialists in certain specialized areas. It will also include a week of international travel where they will be introduced to real estate professionals in other countries which will build their international networks while learning about Global Real Estate Issues. There will also be the traditional 2 year program offered. Both programs will be commencing in the fall of 2011. <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p></span></p><br /><p style="MARGIN: 0in 0in 0pt" class="MsoNormal"><span style="font-family:Calibri;">Courses taught will include:<o:p></o:p></span></p><br /><p style="MARGIN: 0in 0in 0pt" class="MsoNormal"><o:p><span style="font-family:Calibri;"></span></o:p></p><br /><p style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in; mso-list: l0 level1 lfo1" class="MsoListParagraphCxSpFirst"><span style="FONT-FAMILY: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol"><span style="mso-list: Ignore">·<span style="FONT: 7pt 'Times New Roman'"> </span></span></span><span style="font-family:Calibri;">Urban Planning<o:p></o:p></span></p><br /><p style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in; mso-list: l0 level1 lfo1" class="MsoListParagraphCxSpMiddle"><span style="FONT-FAMILY: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol"><span style="mso-list: Ignore">·<span style="FONT: 7pt 'Times New Roman'"> </span></span></span><span style="font-family:Calibri;">Legal Contexts of Real Estate Decisions<o:p></o:p></span></p><br /><p style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in; mso-list: l0 level1 lfo1" class="MsoListParagraphCxSpMiddle"><span style="FONT-FAMILY: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol"><span style="mso-list: Ignore">·<span style="FONT: 7pt 'Times New Roman'"> </span></span></span><span style="font-family:Calibri;">Market Analysis and Feasibility Studies<o:p></o:p></span></p><br /><p style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in; mso-list: l0 level1 lfo1" class="MsoListParagraphCxSpMiddle"><span style="FONT-FAMILY: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol"><span style="mso-list: Ignore">·<span style="FONT: 7pt 'Times New Roman'"> </span></span></span><span style="font-family:Calibri;">Advance Negotiations for Commercial Real Estate with software<o:p></o:p></span></p><br /><p style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in; mso-list: l0 level1 lfo1" class="MsoListParagraphCxSpMiddle"><span style="FONT-FAMILY: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol"><span style="mso-list: Ignore">·<span style="FONT: 7pt 'Times New Roman'"> </span></span></span><span style="font-family:Calibri;">Construction Means and Methods<o:p></o:p></span></p><br /><p style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in; mso-list: l0 level1 lfo1" class="MsoListParagraphCxSpMiddle"><span style="FONT-FAMILY: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol"><span style="mso-list: Ignore">·<span style="FONT: 7pt 'Times New Roman'"> </span></span></span><span style="font-family:Calibri;">Taxation issue for Commercial Real Estate<o:p></o:p></span></p><br /><p style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in; mso-list: l0 level1 lfo1" class="MsoListParagraphCxSpMiddle"><span style="FONT-FAMILY: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol"><span style="mso-list: Ignore">·<span style="FONT: 7pt 'Times New Roman'"> </span></span></span><span style="font-family:Calibri;">Corporate Real Estate<o:p></o:p></span></p><br /><p style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in; mso-list: l0 level1 lfo1" class="MsoListParagraphCxSpMiddle"><span style="FONT-FAMILY: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol"><span style="mso-list: Ignore">·<span style="FONT: 7pt 'Times New Roman'"> </span></span></span><span style="font-family:Calibri;">Property Management<o:p></o:p></span></p><br /><p style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in; mso-list: l0 level1 lfo1" class="MsoListParagraphCxSpMiddle"><span style="FONT-FAMILY: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol"><span style="mso-list: Ignore">·<span style="FONT: 7pt 'Times New Roman'"> </span></span></span><span style="font-family:Calibri;">Valuation Techniques and Practices<o:p></o:p></span></p><br /><p style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in; mso-list: l0 level1 lfo1" class="MsoListParagraphCxSpMiddle"><span style="FONT-FAMILY: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol"><span style="mso-list: Ignore">·<span style="FONT: 7pt 'Times New Roman'"> </span></span></span><span style="font-family:Calibri;">Ethics and Values for Real Estate Decisions<o:p></o:p></span></p><br /><p style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in; mso-list: l0 level1 lfo1" class="MsoListParagraphCxSpMiddle"><span style="FONT-FAMILY: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol"><span style="mso-list: Ignore">·<span style="FONT: 7pt 'Times New Roman'"> </span></span></span><span style="font-family:Calibri;">Global Real Estate which includes one week of international travel<o:p></o:p></span></p><br /><p style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in; mso-list: l0 level1 lfo1" class="MsoListParagraphCxSpMiddle"><span style="FONT-FAMILY: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol"><span style="mso-list: Ignore">·<span style="FONT: 7pt 'Times New Roman'"> </span></span></span><span style="font-family:Calibri;">Advanced Real Estate Finance and Excel Modeling<o:p></o:p></span></p><br /><p style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in; mso-list: l0 level1 lfo1" class="MsoListParagraphCxSpMiddle"><span style="FONT-FAMILY: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol"><span style="mso-list: Ignore">·<span style="FONT: 7pt 'Times New Roman'"> </span></span></span><span style="font-family:Calibri;">Real<span style="mso-spacerun: yes"> </span>Estate Capital Markets<o:p></o:p></span></p><br /><p style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in; mso-list: l0 level1 lfo1" class="MsoListParagraphCxSpLast"><span style="FONT-FAMILY: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol"><span style="mso-list: Ignore">·<span style="FONT: 7pt 'Times New Roman'"> </span></span></span><span style="font-family:Calibri;">Public and Private Finance<o:p></o:p></span></p><br /><p style="MARGIN: 0in 0in 0pt" class="MsoNormal"><o:p><span style="font-family:Calibri;"></span></o:p></p><br /><p style="MARGIN: 0in 0in 0pt" class="MsoNormal"><span style="font-family:Calibri;">For more information, contact their website at </span><a href="http://www.umkc.edu/whitecenter"><span style="font-family:Calibri;color:#0000ff;">www.umkc.edu/whitecenter</span></a><span style="font-family:Calibri;">. <o:p></o:p></span></p>Russell G. Pearson, MBAhttp://www.blogger.com/profile/14293506761056177876noreply@blogger.com0tag:blogger.com,1999:blog-8430972355148949671.post-45916853224420126882011-06-23T09:11:00.000-07:002011-06-23T09:30:02.441-07:00President's Club Meets To Discuss CRE Issues<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqMu-ploH6cWZIP4Q5qEpPW9pLfT7zu89ijeulummA9rAOcrXph4vSoLP84CyArQ6guoqSmepe1pnnVHozErHegmHnqQK47gdnkN94J6Tpsl0O-ov2_OIf7IXfyyAscY3uH-Cp6EarMwIv/s1600/2011+Pres+Club+Photo.jpg"><img style="MARGIN: 0px 0px 10px 10px; WIDTH: 214px; FLOAT: right; HEIGHT: 320px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5621449820468259746" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqMu-ploH6cWZIP4Q5qEpPW9pLfT7zu89ijeulummA9rAOcrXph4vSoLP84CyArQ6guoqSmepe1pnnVHozErHegmHnqQK47gdnkN94J6Tpsl0O-ov2_OIf7IXfyyAscY3uH-Cp6EarMwIv/s320/2011+Pres+Club+Photo.jpg" /></a><span style="color:#1f497d;"><span style="font-family:Calibri;"><span style="color:#000000;">The Lewis White Real Estate Center at the Bloch School of Management of UMKC held its’ second annual President’s Club meeting at the home of the gracious Charles and Patty Garney. This informal gathering represents over 3,000 commercial real estate service providers in the Kansas City Metro area. This is the only venue where these 15 plus chapter presidents of national associations can gather socially and discuss issues of common interest within the area of commercial real estate. Commercial real estate is a multi-disciplinary field which is emphasized by the numbers of local chapters here is Kansas City. Each individual chapter ranges from 35 members to 250 members and covers the gamut of corporate real estate, architecture, retail real estate, Office real estate, Industrial real estate, commercial real estate lending, real estate education, women in real estate, property managers, facilities managers and other specialty areas. “We can simply do more for the greater good of our community by working together on some critical issues than we can by operating in our respective silos.” Says Walt Clements, the <span style="mso-spacerun: yes"></span>Director of the Lewis White Real Estate Center. </span></span></span><br /><span style="color:#1f497d;"><span style="font-family:Calibri;"><span style="color:#000000;"></span></span></span><br /><span style="color:#1f497d;"><span style="font-family:Calibri;"><span style="color:#000000;">In Photo: Dan Musser, Lane Vance, Paul Neal, Anne Lemon, Linda Laurence, Jacki Older-Hefner, Jim Noe', Bill Early, Bob Mayer, Brian Votava, Shirley Harpool</span></span></span>Russell G. Pearson, MBAhttp://www.blogger.com/profile/14293506761056177876noreply@blogger.com0