DISTRESSED SPACE CASE

Real estate students from NYU joined fellow Cornell, Indiana, American, Penn State, UCONN, and UT-Austin undergrads Thursday at TIAA-CREF’s Third Ave HQ for the first annual Cornell Undergraduate Case Competition, where they were given 20 minutes to present and another 20 to answer questions on the best investment strategy for a fund. We snapped Jeremy Salzberg, Diana Berger, Bretton Taylor, Daniel Pessar, Jameel Merali, and Ardon Wiener.
The esteemed judges: Archon Hospitality prez Todd Giannoble, Cornell professor Daniel Quan, Praedium Group director Jeffrey Hertz, DRA Advisors prez Francis Tansey, Prudential Real Estate Investors managing director Cathy Marcus, and TIAA-CREF managing director Martha Peyton. The overall winner, Cornell, was chosen for its best strategy on how to handle three distressed properties: an empty lot at E. 40th St and offices in NoMa (DC) and King of Prussia (PA); and whether the fund should purchase a fractured condo in Orlando and convert it. Sponsors were Archon, AREA Property Partners, BlackRock, ING Clarion, National Realty & Development Corp., Prudential, and TIAA-CREF.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

RXR Marketing Executive Lauren Maturo Dies At 32

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Morningstar Releases New Details On Over 350K SF In Q3 Office Leases

Weil Gotshal Wind-Down Leaves 830K SF Hole In America's Office Market

New Bears Stadium Proposal Floated For Bridgeport

Meet Bisnow's 2026 New York Power Women Honorees

Related, Oxford Land Tenant For Top Floors Of 70 Hudson Yards

BXP Execs See Better Returns In Building Offices Than Buying Them

Prologis To Develop 3.8M SF Industrial Park On Former Casino Site

Foundry Robotics Leaves San Francisco For New East Bay HQ

Tenant Rep Firm Expands To Philly, Hires Industry Veteran

$120M Ambulatory Center Planned For Suburbs: The Chicago Deal Sheet