Monday, November 28, 2011
“The strong sense of optimism that we’ve seen in the last two years in Asia has been justified,” says François Ortalo-Magné, Albert O. Nicholas Dean of the Wisconsin School of Business, who presented the survey findings at the annual real estate and investment conference in Hong Kong, which is attended by 1,800 senior real estate executives, retailers, government officials and city administrators from 41 countries. This is the third annual investor survey led by Ortalo-Magné at this conference.
An obvious reflection of this optimism is the fact that more than half of the participants surveyed at the conference reported improved or at least the same level of business activity in the current quarter compared to the same quarter last year.
“China is the unavoidable market because of the scale and the performance of the economy,” says Ortalo-Magné.
Ortalo-Magné’s visit is part of the University of Wisconsin–Madison’s broader efforts at deepening relationships with government, business and education leaders in China. He accompanied Gilles Bousquet, dean of the Division of International Studies and vice provost for globalization, and Laurie Dennis, associate director of the Wisconsin China Initiative (WCI), to meetings in Hong Kong and Shanghai.
“The sense that I get each time I visit Asia is that the center of gravity in the world is moving here,” says Ortalo-Magné. Last November, he accompanied former UW–Madison Chancellor Biddy Martin and her delegation on a trip to Asia intended to strengthen academic relationships in the region and promote collaborative economic development.
Bousquet adds, “We are seeking to create a unique UW presence that is consistent with the Wisconsin Idea and highlights the strengths of our world-class university, matched to the needs in China.”
UW–Madison already has a variety of connections with many of the top Chinese universities, including the Hong Kong University of Science and Technology (HKUST).
HKUST Business School is among three of the world’s leading business schools (along with HEC Paris and INCAE-Costa Rica) in a ground-breaking partnership with the Wisconsin School of Business to offer the Global Real Estate Master (GREM) degree program. Joe Walsh, director of the program, joined Ortalo-Magné for part of his Asia trip.
“There is strong demand for high-level education in real estate in Asia,” says Walsh.
Ortalo-Magné and Walsh are working to expand the GREM program, which combines graduate-level instruction in economics, finance, and business administration at one of the partner schools with training in the principles of international real estate during a capstone semester at Wisconsin. They met with university officials, local real estate industry leaders and prospective students.
While in Hong Kong, Ortalo-Magné also addressed the American Chamber of Commerce and met officials with the Royal Institution of Chartered Surveyors (RICS), a prominent worldwide organization for professionals in property, land, construction and related environmental issues. Wisconsin’s BBA and MBA real estate degree programs have been accredited by RICS.
“When I hear this time referred to as the ‘Decade of the Pacific,’ it reinforces to me how much smaller our world is getting and in turn how important it is to have a global awareness in all we do,” says Ortalo-Magné.
-- by Kris Hammargren
Monday, November 21, 2011
Grainger Hall will be closing at 7:00 pm on Wednesday, November 23 and will be closed on Thursday, November 24 and the weekend following, November 26-27. Grainger will be open on Friday, November 25 from 7:00 am- 5:00 pm.
Have a good holiday everyone! You can also join the conversation on Twitter:
@UWMadison It's #Thanksgiving week: Before you leave town, tell us what you're thankful for on campus! #thanksuw
Thursday, November 17, 2011
Ortalo-Magné presented the results of the annual survey of conference participants, conducted by the Wisconsin School of Business in cooperation with HKUST Business School. The survey saw a justification of the optimistic outlook in Asia as reported at last year's conference, with more than half of participants reporting improved or at least the same level of business activity in the current quarter compared to the same quarter last year. "Cautious optimism" was a keyword for the future with two-thirds say they are more or as optimistic about the outlook than they were a year ago.
From Reed Midem:
The expert panel also noted increasing investment opportunities for international companies targeting mainland China as legislation seeks to open up the market to a diverse range of development companies.
Watch Part 1 of the wrap-up here. Visit mipimworld on youtube for Part 2-4.
Edited to add:
Tuesday, November 15, 2011
Visit live.mipimworld.com for the full conference schedule and more highlights
His visit to Asia is also part of the University of Wisconsin–Madison's efforts to develop stronger ties with China. The dean will join Gilles Bousquet, dean of the Division of International Studies and vice provost for globalization, and Laurie Dennis, associate director of the Wisconsin China Initiative, for meetings in Hong Kong and Shanghai.
Also participating in MIPIM Asia is real estate faculty member Joe Walsh who also leads Wisconsin's Global Real Estate Master (GREM) program, an intensive graduate-level program which is partnered with three of the world's top business schools: HEC Paris, Hong Kong UST, and INCAE. While in Hong Kong, he is meeting local real estate industry leaders and prospective students. The Global Real Estate Master (GREM), which graduated its inaugural class in 2011, is a unique two-phase program that combines high-level instruction in economics, finance, and real estate finance at one of the partner schools with training in the principles of international real estate during a capstone semester at Wisconsin. The program is now accepting applications for the 2013 semester.
Monday, November 14, 2011
Seen an unusually high number of mustaches recently? If you’re near the Wisconsin School of Business, chances are the answer to that question is a definite “yes.” That’s because a team of over 20 MBAs, including six Real Estate students, have chosen to partake in the “Movember” movement that is sweeping the globe.
These students (myself included) have dedicated their facial "real estate" for the month of November to raise funds and awareness for men’s health, specifically prostate cancer and other cancers that affect men. During our endeavor to master the art of fine mustachery, we effectively become walking, talking billboards for the 30 days of November. Through our actions and words, we raise awareness by prompting private and public conversation around the often ignored issue of men’s health.
The team has already raised over $1,000, and there's plenty of time left in the month to keep the effort going! The movement has been a great way to connect with classmates and support a very worthwhile cause. Team captain Topher Stephenson has done a great job recruiting team members, and the Graduate Business Association has assisted in promoting the cause in the Grainger Squire. We are in an "MBA Challenge" network, in which we compete against other MBA programs across the globe for the most donations received. We are currently in 8th place, and hoping to continue the strong presence!
Interested in joining the team or making a donation? Visit team Mustache MBA homepage for details!
Andrew Toby is a first-year MBA student in the James A. Graaskamp Center for Real Estate. A CPA from California, Andrew hopes to utilize both his accounting background and the knowledge gained in the MBA program to pursue a career in private equity investments in real estate.
Wednesday, November 9, 2011
Construction began on October 1, 2011 and will continue into the winter. When we arrived, the basement was underway and we all worked on different projects ranging from measuring and cutting 2x4’s, nailing an interior wall together with three separate doorways, constructing the window supports, and a final (and very intense) group project involving the movement of a heavy shower base. The majority of the volunteers had minimal construction experience, so the day was spent learning from the other volunteer’s prior experience, from the projects director and UW-Madison Habitat representative Devin (pictured top left), from the homeowner Song, and from the project manager, Justin (pictured top right).