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Apartment Rents Are Heading Up in Southern California, Says USC Study
Nation's Building News
Lusk Winter Board Meeting Reviews New Strategic Planning, Demographics and Capital Markets
Lusk Center Board members received a comprehensive overview of the Center’s new Strategic Plan at the 2005 Winter Board meeting in Popovich Hall. Director and Lusk Chair in Real Estate Stuart Gabriel presented an update on the Center’s strategic planning process to seventy-five Lusk Board members and guests at the February 23 event. Marshall Vice Dean of Graduate and International Programs, Ravi Kumar, provided an enthusiastic synopsis of Marshall’s International Programs.
Lusk Center Real Estate Employment Report Tracks USC Graduates
USC graduates continue to be in high demand in the regional and domestic marketplace with many students placed before graduation and several receiving multiple job offers. Undergraduate student placements were predominantly in real estate finance, consulting, and brokerage, drawing average salaries of $40,000. Opportunities in development and finance drew graduates from USC masters degrees – MBA real estate concentration and Master of Real Estate Development – where students commanded an average salary plus bonus of $107,000.
Homebuilding continues to be the strongest sector.
TREA Undergraduate Case Competition
The USC Trojan Real Estate Association was very pleased to host the first Annual Undergraduate Case Competition on April 6 and 7th. Student teams from Wharton, Wisconsin, University of Texas Austin, University of Colorado and USC all took part in the event. Students were given three days to prepare a feasibility analysis for an investment fund that evaluated the repositioning of a dated property containing existing structures and vacant land. The case challenged the teams to consider strategy, finance, market forces and site planning.
NAIOP Real Estate Challenge
Two case competitions pitted USC students against the leading real estate programs from throughout the US.
Dean Gupta Addresses Los Angeles Economic Development Council
Innovation is the key to future growth.
Yash Gupta, Dean of the USC Marshall School of Business, called on the Los Angeles community to join the business school in helping educate and train the next generation of executives.
“We need to bring the outside in,” Dean Gupta told members of the Los Angeles Economic Development Council.
Apartment rental market still has life
The Kiplinger California Letter
Housing prices continue to rise in Bakersfield, Calif.
The Bakersfield Californian
Multifamily Executive Online [Corporate Ladder]
The University of Southern California's Lusk Center for Real Estate has named Delores Conway as the new director of the Casden Real Estate Economics Forecast. Conway, an associate professor of statistics in USC's business school, is known for her research on financial pricing models. She is currently studying price movements in the California housing market.