Students trek around real estate developments
The Center for Real Estate and Finance (CREF) strives to enhance the education of real estate students by exposing them to real life experiences; and to increase Cornell’s exposure within the real estate industry. Both of these objectives are accomplished through the organization of student treks to cities with robust real estate activity. Together with the Cornell Real Estate Club, CREF organized two student treks during the spring semester, sending students to London and New York City.
Over spring break, 15 students from the Cornell Real Estate Club and the Baker Program in Real Estate graduate students experienced the vast number of projects throughout the city of London. Over two jam packed days, the group visited four high profile developments and active construction sites throughout the city. They met with representatives from Argent to learn about and tour the regeneration of Kings Cross including Pancras Square, Gasholder Park, and Granary Square. Project leaders from Delancey shared their Elephant & Castle redevelopment plan followed by lunch in a small business market built from shipping containers just around the corner. The group ended the first day visiting Battersea Power Station which strives to be London’s newest neighborhood – a fully mixed use development. The next day, Hunt Doering ’97 with the Baupost Group International toured the group around their Bart’s Square development.
The tour included their strategic plan for demolishing a building – one brick at a time – which abuts St. Bartholomew the Great Church, the oldest church in London built in 1123. The trip also included a meeting with Urban RE, Invest & Fund, and Yellow Tree’s principal partners and a networking reception with Cornell alumni living abroad. We would like to thank the Cornell alumni that made this trek possible: Alex Popov ’98, Saul Goldstein ’92, and Zubin Irani ’92.
The center also made arrangements for the real estate club’s annual trek to New York City, April 27-28. This trek included tours of RXR Realty’s developments at Pier 57 and 75 Rockefeller Plaza, which are both active construction sites. Thursday afternoon consisted of a full presentation and tour of Hudson Yards with Related led by alumnus, Ryan Helkowski ’16. The visit included a presentation overviewing the entire project plan, followed by a hard hat tour of the site itself. On Thursday evening, CREF hosted a networking reception for students and real estate alumni at Ousia. The group was warmly welcomed by fellow Hotelie and general manager, Johnny Livanos ’11. The following morning, the students attended the Titans of Real Estate program. The trek finished with a company visit with Moinian where they presented information about their current projects.
Through the two treks, the students were exposed to a wide variety of development projects including large mixed-use ventures, brand new neighborhood generation, and new growth in an ancient setting. These are experiences that they will not soon forget and the staff at the center are proud to provide these opportunities for the students. Full photo galleries of both trips can be found here: London Trek and New York City Trek.