Gerald W. Fogelson, CEO of the Fogelson Group of Companies, chairman of Central Station Development Corp. and co-founder of the Marshall Bennett Institute of Real Estate discusses the vision that led to the founding of the Institute and how philanthropy can be an important part of life. The video was shown at the MBIRE Gala held Nov. 7, 2019 during which Fogelson accepted the Visionary Award. Since its founding in 2002, the Marshall Bennett Institute of Real Estate has grown to become one of the most diverse graduate real estate programs in the country.
New Scholarships and Guaranteed Internships Offered to Marshall Bennett Institute of Real Estate Students
Big news!
The Marshall Bennett Institute of Real Estate (MBIRE) announces several significant scholarship funds and internship initiatives for its students. The announcements were made during the 18th annual Real Estate Gala on Nov. 7 held at the Four Seasons Hotel in Chicago.
Acknowledging the importance of internships for the development of student professional experience and supporting pathways to entry-level job opportunities, the Institute announced that it will guarantee a summer internship for all rising senior real estate majors at the university with a minimum of a 3.0 grade point average. This program also will work with rising juniors declared as real estate majors to identify internship opportunities.
The scholarship funds include the new Louis and Ruth Kahnweiler Scholarship Fund established with a $1 million donation. This scholarship is targeted to provide financial support for students in the Institute’s undergraduate real estate major in Bachelor of Science in Business Administration degree program. The grant will provide up to $20,000 for juniors and seniors with a 3.0 or above grade point average.
Also announced were the expansion of scholarship funds from three existing programs: The
Duke DREAM Fund, McCaffery Interests Inc, Fund and the Northern Builders Future Leaders in Industrial Real Estate Fund have been expanded to provide scholarships for undergraduate real estate majors, starting in their junior year at Roosevelt. These funds will also require a minimum GPA of 3.0.
Also announced at the gala was a $500,000 grant from The Bennett Family Foundation in honor of the late Marshall Bennett, co-founder of the Institution in recognition of his love and dedication to the Institute.
“We are grateful for the generosity, support and engagement of these leading companies and their leadership,” says Collete English Dixon, executive director, MBIRE. “We are excited about the opportunities which enable our students to obtain a top education in real estate and garner real world experience that will give them distinct advantages as they advance their careers in the industry.”
The gala is one of the premier real estate networking events of the year in Chicago with more than 400 top industry leaders in attendance. All proceeds benefit the student and industry education programs of the Marshall Bennett Institute of Real Estate in the Heller College of Business at Roosevelt University.
In addition to the internship program scholarship fund announcements, Gerald W. Fogelson, CEO of the Fogelson Group of Companies, chairman of Central Station Development Corp. and co-founder of the Marshall Bennett Institute of Real Estate was presented with the Visionary Award.
Since its founding in 2002, the Marshall Bennett Institute of Real Estate has grown to become one of the most diverse graduate real estate programs in the country. The Institute oversees academic programming to support 3 degree programs: a Master of Science in Real Estate, a Master of Business Administration degree with a concentration in Real Estate and an undergraduate Bachelor of Science in Business Administration with a major in Real Estate. Beginning this fall it has expanded its academic offerings to include a Graduate Certificate in Real Estate Development, the first of its kind to be offered in the Midwest and will launch its Graduate Certificate in Real Estate Finance and Investment as of Spring 2020. For more information, please visit www.roosevelt.edu/real-estate.
Pictures from the Marshall Bennett Institute of Real Estate Gala held on Nov. 7.
Caption for photo below:
Patrick FitzGerald with MBIRE Executive Director Collete English Dixon and Doug Fogelson who accepted the Visionary Award on behalf of his father Gerald Fogelson.
Caption for photo below, from left:
Students David Lambiaso, Andrew Savey, Dion Hickles and Adam Brendamorr
Caption for photo below, from left:
Patricia Harris with Roosevelt President and Ali Malekzedah ad Marion Berry.
Caption for photo below, from left:
Vicki Noonan, Molly Wilson and Barrett Batson.
A letter from Collete English Dixon, Executive Director
The spring semester is in full swing at the Institute and the University. While the spring semester is often overshadowed by the anticipated graduation in May, the spring is also a great time for us to advance new academic initiatives and work on student enrollment for future semesters.
We now have some declared real estate majors in the undergraduate program and we are working closely with the University’s enrollment office to expand that group through transfer students and freshman recruiting. An upcoming summer program, a 12-day intensive in real estate that is targeted to rising juniors and seniors in high school, will hopefully broaden awareness of both the industry as a strong and exciting career path and of our program and its benefits for preparing young talent for the industry. I will share more details on this summer program next month.
As you know, real estate industry talent does not have to come from academic backgrounds totally focused on real estate. In recognition of that, we are working through the approval process to establish a real estate minor in the Heller College of Business so that undergraduate students in other majors, within or outside of the Heller College, can take real estate courses and potentially choose to pursue careers in the real estate industry.
On the graduate level, we are excited about the Graduate Certificate programs that we expect to launch this fall. These certificates, which initially will be in Real Estate Finance and Investment and in Real Estate Development, will be complements to the MSRE and MBA-RE degrees, providing graduate level knowledge for anyone interested in the industry or needing additional educational training for their careers, but who don’t think that completing a degree program is necessary or desired. There are many ways to provide knowledge and to help train and develop industry talent and these certificates are just the beginning of many creative educational initiatives we are considering.
I want to express my appreciation to the Institute Advisory Board, industry leaders who give their time and other resources to support our student success and our Institute’s efforts. We are excited to welcome three new Board members, Molly Phelan of Siegel Jennings; Kathy Hurst of Moran and Company and Bija Bennett, who is committed to carry on the involvement and support provided by her dad, Marshall Bennett, and The Bennett Family.
If you have an interest in working with us to advance the development and education of the future leaders of the real estate, please contact me at cenglishdixon@roosevelt.edu.
Collete English Dixon
Executive Director
Marshall Bennett Institute Students Receive Honorable Mention at HEEF Real Estate Competition
Congratulations to our team for their excellent presentation at the Harold E. Eisenberg Foundation 8th annual real estate competition held on April 15. Each student team acted as a separate investment team seeking to persuade the investment committee to purchase and redevelop the site into a dynamic project. Our team won an honorable mention.
Pctured from left are: Thomas Allen, Christopher Pezza, Lisa Abdullah, Laura Sayen, Dedric Richardson, Dennis Harder (instructor), Ashely Pollock and Eric Richards.
Marathon Petroleum Company LP and U.S. Venture, Inc. Plaintiffs-Appellants, V. City of Milwaukee, Defendant-Respondent
Dr. Thomas W. Hamilton, MAI, CCIM, CRE, FRICS, Gerald Fogelson Distinguished Chair in Real Estate, Ph.D., an expert in generally accepted appraisal practices, testified pertaining to the concept of inextricably intertwined real property. He described the terminal business as a liquid storage warehouse and the income generated the equivalent of rent. He explained that, for example, the terminals are no different than a dry goods storage facility located on California’s shores—those storage facilities receive goods coming into the country and the shoreline location is critical to that business.
Read the full court of appeals decision here: Marathon Petroleum and U.S. Venture v. COM (1) (1)-zehcjr