The Pennsylvania State University Smeal College of Business

Winter 2014 – Newsletter

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Featured Board Member -
Jonathan Knipe

20130409-img_0768As Senior Vice-President and General Counsel for Silverstein Properties, Inc., Jonathan Knipe is the company’s chief legal officer and the corporate secretary to the Board of Directors.

 

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Featured Alumni -
Jordan Katz

JK_Alum SpotlightJordan is a Financial Analyst on the Acquisitions team at Liberty Property Trust. His main responsibilities include discovering, researching, and underwriting potential acquisitions for Liberty’s commercial office and industrial portfolio.

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Featured Student – Henry Fox

Henry FoxHenry is a junior at Penn State majoring in Risk Management with a Real Estate Option and minoring in Economics.

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REA Walter Rakowich Lecture

On Friday, November 15, the Penn State Real Estate Association had the pleasure of listening to a lecture by Mr. Walter Rakowich, formRakowicher CEO of Prologis. Mr. Rakowich gave the students insight into different career paths and advice about the importance of their first jobs. He told the group about his time at Penn State, as well as his decision to attend Harvard Business School. Mr. Rakowich also discussed his career with the students and explained the steps he took throughout his life that allowed him to continue to succeed and advance in his companies. Today, as Mr. Rakowich explained, he devotes his time and efforts to numerous philanthropic works, and credits his ability to do so by his hard work and success throughout his life.

 

Thy Neighbor’s Mortgage: Does Living in a Subprime Neighborhood Affect One’s Probability of Default?

During the early 2000s house prices rose dramatically, followed by flattening prices during 2006, and finishing with the burst of the bubble in 2007.  At the same time this housing bubble was forming, the subprime mortgage market experienced exponential growth.  The connection between house prices and subprime origination activity was not coincidental.

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J.D. Parker to serve as New York regional chair for Penn State’s Real Estate Society.

The Institute for Real Estate Studies’ Real Estate Society is pleased to announce J.D Parker, ’03, has been named Chairperson for the New York City Region.  J.D. is First Vice President and District Manager for Marcus & Millichap’s New York’s Tri-State regional offices and managed in excess of $4.5 billion in transactions.  J.D. has been a long time, enthusiastic supporter of the Institute and student engagement.  He has mentored real estate students, offered internships and participated in regional alumni meetings.
Larry Colorito, ’88, Chairperson for the Real Estate Society initiative, is thrilled have J.D. leading the NYC Chapter.  “J.D.’s leadership will strengthen ties among the hundreds of Penn Staters in real estate in greater New York, Colorito stated.”
The formalization of the Real Estate Society (RES) represents the next step in the Institute’s mission of alumni engagement.  Regional RES chapters will play a critical role going forward.  Formal structuring will lead to fresh networking opportunities among the Alum and strengthen their relationship with real estate scholarship at the University.
To become involved as a regional leader or volunteer member, please feel free to contact Larry Colorito at lcolorito@valbridge.com or Rich Button at rjb366@psu.edu.

 

New Standard Change Home Loan Landscape

Brent Ambrose, says it’s not as easy to get a home loan today as it was during the bubble.

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Are you on LinkedIn?

Have you joined the Penn State Real Estate Group? If not, join today to connect with Penn State Alums in the real estate industry!

 

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