| The CRE industry must be recovering better than we thought—people are giving away money. Recently, we chatted with Dollinger Properties' Dave Dollinger, right, who just donated $10M to endow the USC Price School of Public Policy?s master of real estate development degree. (That's dean Jack Knott holding the "I gave $10M and all I got was a diploma" commemorative.) Dave tells us the program helped him do his first real estate deal. He also has a degree from UCLA but avoids the cross-town rivalry by having his HQ in Redwood City. Dollinger Properties just finished a 100k SF shopping center in San Jose and is in the process of acquiring its first R&D building in four years, using no institutional money. Part of the reason for the gift is to ?bring back a little bit of the entrepreneurial spirit? to development. |
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