What opportunities are being sought out by Asian, European, and American investors? MIPIM Asia 2011

That was the question this morning for the panel at the wrap-up keynote at MIPIM Asia 2011. Discussion was led by Dean François Ortalo-Magné, with Yue Tang, attorney with Jun He Law Offices (China), and Dr. Megan Walters, head of research for Asia Pacific capital markets with Jones Lang LaSalle (Singapore).

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:

Open publication - Free publishing - More china

MIPIM Asia: Macroeconomic outlook and implications

Wisconsin School of Business Dean François Ortalo-Magné is in Hong Kong this week for the annual real estate property and investment conference MIPIM Asia. He facilitated the opening keynote session today with Robert Ciemniak, global head of Thomson Reuters Real Estate Markets, and Yiping Huang, professor of economics at the China Center for Economic Research at Peking University. On Thursday, Dean Ortalo-Magné will deliver the wrap-up presentation "Where do Asian, European and American investors see opportunities in Asia today?"

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.

Local concerns over housing prices affected by national outlook (video)

UW Real Estate Professor Morris A. Davis was interviewed yesterday for a story on local concerns about trends in housing prices. Here is the video (via Channel 3000):

The state of the housing market

"There are signs that the two-year drop in Wisconsin home prices had bottomed out, at least in some regions of the state."

That was one of the takeaways from yesterday's Newsmakers interview on the WisconsinEye Network with Stephen Malpezzi, professor with Wisconsin's Real Estate Program and recognized expert on housing and urban development, and Bill Malkasian, president of the Wisconsin Realtors Association. They also discussed current housing inventory and the advantages offered by continued low interest rates to potential home buyers. Visit WisEye.org to watch video of the interview.

Malpezzi also joined a panel last Thursday on KUOW Puget Sound Public Radio to discuss the role of government in the housing market. He, along with European real estate expert Dr. Joaquin Jorge Piserra Ribera and Vancouver Sun Editor Fiona Anderson, tackled questions including: Should the United States change the way it finances real estate? How do other countries do it? Would changing the government's role in the housing market affect the way we think about houses? Visit KUOW.org to listen to audio of the broadcast.

The housing market and the regional economic outlook will be central topics at the Graaskamp Center's annual June conference.

The 2011 Wisconsin Real Estate and Economic Outlook Conference on June 9th in Madison will feature keynote presentations from Elizabeth Warren, Consumer Financial Protection Bureau, and Governor Scott Walker.

This conference will explore how the new regulatory landscape will affect the size and scope of activity in the real estate and financial services industries. How will the new Bureau of Consumer Financial Protection affect how real estate and finance professionals do transactions? How will new rules support buyers and sellers, lenders and borrowers? How will the proposed replacement of Fannie and Freddie affect the cost of and access to mortgage credit, and what might the secondary mortgage market of the future look like? Join this important conversation. Click to view the agenda and to register.

Final wrap-up from MIPIM 2011

Professor François Ortalo-Magné, chair of the Department of Real Estate and Urban Land Economics at the Wisconsin School of Business, delivered a wrap-up keynote presentation at MIPIM last week with Philippe Tannenbaum, senior analyst at IEIF (France).

For more coverage from MIPIM 2011, keep reading the Viewpoint and visit MIPIM World.

MIPIM 2011 – Wrap-up keynote address

MIPIM World, the official website featuring content from this year's MIPIM conference, posted video of today's keynote presentation by Prof. François Ortalo-Magné, Robert E. Wangard Chair in Real Estate at the Wisconsin School of Business, and Philippe Tannenbaum, Senior Advisor with IEIF France. Click to visit the MIPIM website and watch the video and view the slides from the presentation.

And please check out the rest of our coverage of MIPIM 2011 here on the Viewpoint and at MIPIM World.

2011 Battle for Bascom Hill

A whole, new world

In January, second-year Wisconsin Real Estate MBA students traveled to Hong Kong and Seoul. The tour included meetings with UW alumni and local officials and site visits to significant properties in each market. Students brought back networking contacts, souvenirs, and, most importantly, a new perspective on real estate markets beyond the U.S.

That international perspective is an important component of our real estate MBA program. The trip is part of the second-year curriculum. First-year students will attend MIPIM in Cannes, France in March. It's the Wisconsin viewpoint that the world needs passionate, talented and socially responsible people to develop, finance and improve the urban environment. The Wisconsin Real Estate Program challenges the next generation of leaders to reach their potential.

Students have additional opportunities to travel within the U.S. and abroad through the Wisconsin School of Business and with the UW Real Estate Club.

Check out this video, made by one of our students, of the highlights of the trip:

"The Big Bank Theory"

This is probably one of the hottest video clips watched in central banks around the globe. When asked about it, Abdullah Yavas, our central bank insider and voting member of the Monetary Policy Committee of the Central Bank of the Republic of Turkey, commented "Central banking is about expectations management, and credibility is one of the most crucial assets of a central bank in managing expectations. It takes years to build credibility, and a wrong policy to destroy it."

The Daily Show With Jon Stewart	Mon - Thurs 11p / 10c
The Big Bank Theory
www.thedailyshow.com
Daily Show Full Episodes Political Humor & Satire Blog The Daily Show on Facebook

Rays of Research: Morris Davis

Last week, Morris A. Davis, associate professor of real estate and urban land economics at the Wisconsin School of Business, presented a summary of his ground-breaking research into the relationship between land and housing prices during the faculty seminar series: Rays of Research. As an often-cited expert on housing and its impact on the macro economy, his work on measuring and studying the determinants of land and housing prices is a particularly illuminating lens through which to look back at the housing crisis.


Click here to watch video of the presentation.


Rays of Research is an ongoing speaker series which presents the progress and innovations of the research done by Wisconsin School of Business faculty to other faculty members, staff, students and the community.

Other real estate faculty who have participated in this series include

• Abdullah Yavas (Experiments in Asset Characteristics in Boom & Bust Periods),
• François Ortalo-Magné (Housing for Smarties), and
• Stephen Malpezzi (The Crisis in Housing & Financial Markets: How Did We Get Here? Which Way Out?).

Videos of these presentations are available through the links above.

What is the Global Real Estate Master?

François Ortalo-Magné, real estate department chair and architect of the innovative graduate-level degree program, explains in this video. Watch it now:

VIDEO: Experiments in boom and bust periods

Abdullah Yavas, professor of real estate and urban land economics at the Wisconsin School of Business, spoke today in Grainger Hall as part of the ongoing faculty seminar series Rays of Research. His presentation on Asset Characteristics and Boom & Bust Periods was streamed live online. The video is now available to watch on demand--just click here.

Professor Yavas' research interests include real estate brokerage, mortgage contracts, economics of information, and experimental economics. He has published over 50 articles in peer reviewed journals, and his research has also been cited in such popular media outlets as Money, Time, Business Week and Wall Street Journal.