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The Center for Real Estate and Finance

January 2021 Newsletter
From the Director 
With 2020 finally in the rearview mirror we look forward, as I know you all do, to a much brighter 2021. I want to wish all our board members, faculty, students, alumni and supporters a happy healthy and prosperous New Year. Our plans for the coming semester include a mix of student, faculty and industry activities all designed to reinforce the value proposition of Real Estate at Cornell and support the activities of the School of Hotel Administration as we continue to be a global leader in real estate thought and action. Read more
CREF Highlights

SAVE THE DATE - April 15, 2021
Online
 
We are pleased to announce the Sixth Annual ICSC & Cornell International Retail Real Estate Case Competition, hosted jointly by the International Council of Shopping Centers and the Center for Real Estate and Finance at the Cornell SC Johnson College of Business.
 
This case competition, held annually, will take place virtually this year. The invitation-only competition will welcome undergraduate teams of four students from top university real estate programs. The teams will present their analysis of a real estate case study based on an actual transaction to a panel of industry executive judges. This intense competition provides an opportunity for students to practice the skills they have learned in the classroom and showcase their talents to the leaders of the industry.

The 12th Annual Cornell International Real Estate Case Competition (CIRECC) held its final round on Friday, November 6, 2020, culminating five intense days of analysis, preparation, and coaching. This year’s winner was Cornell’s own WEBS Group. Cornell had not won this event since 2015.

Sponsored by CREF and developed by the School of Hotel Administration, CIRECC is the largest undergraduate case competition in the world, attracting student teams from across the globe.

New Board Member and Faculty Mentorships have launched!
 
We would like to thank the following participating board members:

Empowering Women in the Real Estate Industry - Scholars Program

The 2020-2021 Program Application is now available through February 1, 2021 Scholarships are awarded on an annual basis to students studying real estate and related subjects, such as architecture, law and engineering among others, at the graduate or undergraduate levels. Applications are accepted between November and February 1st each year and scholars are announced in April. Applicants must be in their final year of required coursework for the degree and/or major and enrolled in the school during the full academic year to receive a scholarship.

6th Annual Titans of Real Estate Panel Discussion

The Titans of Real Estate is an annual event hosted by CREF and the Baker Program in Real Estate and will be held virtually for 2021. In the past this event has featured real estate panelists, students, alumni, and other industry professionals.

More information is forthcoming. To participate as a sponsor for the Titans of Real Estate, contact CREF by email.
CREF Indices
Cornell Hotel Indices: Fourth Quarter 2020: A Glimmer of Hope Amidst a Hemorrhage by Crocker H. Liu, Adam D. Nowak, & Robert M. White, Jr.
Prices of hotels along the east coast continue to drop, although the rate of decline has moderated. Hotels on the west coast enjoyed positive price momentum, both on a quarter-over-quarter or year-over-year basis.
Board Member Spotlight
Dilip Petigara is the chief executive officer at Access Point Financial.
He has over 23 years of experience in both the hospitality and finance industries. Petigara joined Access Point Financial from a real estate and capital advisory service firm which focused on hospitality. Prior to his advisory role, he served as Senior Vice President of Specialty Finance Group. Read more
Chuck Rosenzweig '85 (ILR), JD '88 is the founder and managing partner at Criterion Real Estate Capital.
During his twenty-eight years of commercial real estate and capital markets experience, Chuck Rosenzweig has focused on principal investments (debt and equity) for all asset classes of commercial real estate. Read more
 
Alan Tantleff '87 is the senior managing director, corporate finance, and restructuring practice leader, hospitality gaming and leisure for FTI Consulting.
A respected hospitality industry and real estate professional with 25 years of diverse, hands-on experience, he assists high-profile clients with the challenges they face in the fast-moving and dynamic hospitality industry. Read more
Recent CREF Webinars
CREF and eCornell are in constant collaboration to bring you the most up to date information from Real Estate and Finance industry experts. Below are webinar recordings that are accessible to all.
New York City Real Estate: Straight Talk on the Road to Recovery
Original air date: December 9, 2020
New York City was hit early and hit hard by COVID-19. In a matter of months, the city saw its commuter-reliant businesses, tourism and entertainment industries, and everyday life temporarily devastated. The city’s real estate must and will adapt.
CREF Featured Corporate Partners
 

For more information email
cref@cornell.edu
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