The Problem: New York City’s real estate market is at a transition point. Coming out of the COVID-19 pandemic, the city’s real estate market has seen signifcant shifts, including increased urban-to-suburban migration (Gupta et al. 2022), residential rent and housing affordability issues, and reduced value and usage of urban office space due to the adoption of remote and hybrid work (Gupta, Mittal, and Van Nieuwerburgh 2023) and higher interest rates.
Arranging capital, a cornerstone of real estate investment and development, was at the heart of the 12th annual Coming to Terms: Negotiating Real Estate Joint Ventures workshop, hosted by Columbia Business School on November 17, 2023. This was a convergence of over 80 MBA, EMBA, MSRED, and Planning students from Columbia, MIT, and NYU. They were there not just to learn but to actively engage in a realistic Joint Venture negotiation, honing skills for their imminent roles as future leaders in the urban landscape.
Columbia Business School’s case competition team fnished frst place in the 2024 Real Estate Development Challenge hosted by the Leonard W. Wood Center for Real Estate Studies at Kenan-Flagler Business School and presented by Hines. Team members Chris Byrns ’25, Connor Corcoran ’24, Katy Lepeturin ’25, and Rachel Lee ’25 inspired the judges and crowd by presenting a plan to redevelop the historic Walter Reed Army Medical Center in Washington, D.C.
Former Student Leadership and Ethics Co-Chair Marissa Guiang '22 recounts her recent trip with the Fellowships at Auschwitz for the Study of Professional Ethics (FASPE) cohort and shares the foundational mindset shift that came from it.