July 2018 Newsletter 
Real Estate Titans Discuss the Importance of Mentorship
Real estate developers Howard Milstein ’73 (A&S) and William Rudin inherited impressive business portfolios from their fathers and grandfathers, and their children will one day lead their holdings into the future. Those children—Michael Milstein ’11 (A&S), Samantha Rudin Earls, and Michael Rudin—shared the stage with their fathers at the third-annual Titans of Real Estate event, Read more
Spring Break International Trek to Tokyo
by Taylor Hardy ’19
Over spring break, I had the pleasure of joining 10 of my friends from the Cornell Real Estate Club and the Baker Program in Real Estate graduate program in experiencing the vast number of development projects throughout the city of Tokyo. Read more
Third Annual ICSC & Cornell International Retail Real Estate Case Competition
The 3rd Annual Cornell ICSC International Retail Real Estate Case Competition took place during the annual International Council of Shopping Centers (ICSC) RECon in Las Vegas, Nevada, on May 20-21, 2018. Read more
Hotel Ownership and Investment are a Hot Topic in DC
The Center for Innovative Hospitality Labor and Employment Relations (CIHLER) and the Center for Real Estate and Finance (CREF) at Cornell University’s School of Hotel Administration in the SC Johnson College of Business jointly presented an Owner—Operator Roundtable in Washington, DC, on May 11, 2018. Read more
Welcome New Board Members
The CREF Advisory Board provides indispensable insight into the real estate industry and helps to drive our future initiatives. We welcome: Nolan Hecht ’97, Senior Managing Director at Square Mile Capital, Alan Kanders ’87, Managing Member & Founder of Three Wall Capital LLC, Mark Owens ’00, Head of Hospitality Capital Markets & Executive Vice President at CBRE, and Ray Potter, A&S ’87, MBA ’92, Managing Partner at R3 Funding.
Cornell CUHK Regional Real Estate Competition, Asia 
Cornell University's Center for Real Estate and Finance to team up with the Chinese University of Hong Kong's Center for Hospitality and Real Estate Research to host the inaugural Cornell CUHK Regional Real Estate Competition, Asia on October 7-8, 2018 in Hong Kong.  Read more

Natural Occupancy Shifts in Hotel Markets by Jack Corgel, Bram Gallagher 
The natural occupancy rate underpins room price adjustment models for hotel market evaluations; however, models that assume that this rate is time invariant and everywhere constant may introduce error when forecasting future real room rates and benchmarking market strength. Read more
 First Quarter 2018: Introducing Our Gateway Cities Index  by Crocker H. Liu, Adam D. Nowak, Robert M. White Jr
Hotels in gateway cities have outperformed hotels in non-gateway cities, with hotels in gateway locations rising 10 percent in the past year, compared to 6 percent for those in non-gateway cities. Available for free download at Scholarly Commons – Cornell Real Estate Market Indices.
New Hotel Planning & Design Certificate through eCornell
The Hotel School and eCornell now offer a new 5-course Hotel Planning and Design Certificate program for professionals to learn how to build a culture that positions your organization to deliver customer service excellence, every time. Online courses are 2-weeks long and you can earn your certificate in as little as 3 months. Start now.
Join the Cornell Real Estate Council and gain
access to one of the largest university-based
real estate organizations in the world. 

Upcoming Events

September 25, 2018                 Real Estate Career Fair - Ithaca, NY
September 27, 2018                 University of Sydney Real Estate Case Competition - Sydney, Australia
October 7-8, 2018                    Cornell CUHK Regional Real Estate Competition, Asia - Hong Kong
October 19, 2018                     The 36th Annual Cornell Real Estate Conference - NYC
October 29-30, 2018                2nd Annual Cornell Regional Real Estate Competition, UK/Europe -
November 12-13, 2018            10th Annual Cornell International Real Estate Case Competition - NYC

Featured Members
For more information, contact Cristina Carter, Program Manager at cref@cornell.edu or 607-255-1206.
Industry Engagement Center
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