Real estate education – Page 2 – Marshall Bennett Institute of Real Estate

April 29, 2022pwidholm No Comments

Marshall Bennett Institute of Real Estate Awarded 1st Place in Graduate Division of Harold E. Eisenberg Foundation Real Estate Challenge

Marshall Bennett Institute of Real Estate won first place in the Graduate Division of the 12th annual Harold E. Eisenberg Foundation Real Estate Challenge. Team members, from left, include Alexandra Martello, Ryan Watt, Leila Gathogo Win, Pamela Sanchez Munoz, Trace McGuire, Brett Berlin, Tatiana Nagornova, Jennifer Warfield and Michael Penicnak. Not pictured: Tyler Hanson.

MBIRE’s winning proposal calls for transforming Johnny’s IceHouse, located at 1350 W. Madison St. in Chicago’s West Loop neighborhood, into space for a tech school, bitcoin mining, a restaurant and e-gaming arena.

Marshall Bennett Institute of Real Estate (MBIRE) won first place in the Graduate Division of the 12th annual Harold E. Eisenberg Foundation Real Estate Challenge, which culminated with final presentations on Saturday, April 23, at Wintrust, 231 S. LaSalle St. in Chicago.

The challenge tasked students with creating a redevelopment plan for Johnny’s IceHouse East, the 51,500-square-foot former home of the Chicago Blackhawks’ practice rink located at 1350 W. Madison St. in the heart of Chicago’s West Loop neighborhood.

MBIRE was among five graduate-level teams from universities across the country to participate in the program. As the grand prize winner, MBIRE was awarded $5,000 in scholarships, made possible by Wintrust Commercial Real Estate, toward its real estate program.

The winning MBIRE proposal, The Capsule, was presented by the school’s Windy City Development team and calls for transforming the building to create a lobby, 41-vehicle parking lot, 2,000-square-foot tech school and 6,000-square-foot bitcoin mining space on the first floor; a 16,800-square-foot e-gaming arena and 3,200-square-foot restaurant on the second floor; and additional space for e-gaming stations and dining on the third-floor mezzanine. The total project cost of The Capsule is $25.9 million.

MBIRE’s Windy City Development team included Trace McGuire (team lead), Brett Berlin, Leila Gathogo Win, Tyler Hanson, Alexandra Martello, Tatiana Nagornova, Michael Penicnak, Pamela Sánchez Muñoz, Jennifer Warfield and Ryan Watt.

“I’m incredibly proud of our team,” said Jon Dennis of UrbanStreet Group, who along with Andrew Savoy of CA Ventures, serve as adjunct professors at MBIRE and advisers for the team. “They performed a full market analysis to repurpose this building in a way that is exciting and forward-thinking. This competition gave them a taste of what it’s like to be a developer.”

According to the Eisenberg Foundation, the winning plan is the most economically viable and complementary to the unique uses surrounding the site. The Real Estate Challenge commences early in the year and culminates in April, when the student teams’ presentations are judged by a panel of professionals.

Supporters of the 2022 Challenge included Wintrust Commercial Real Estate, Bradford Allen and Johnny’s Icehouse.

February 16, 2021pwidholm No Comments

In 2020, MBIRE Received Double The Number Of Inquires From CRE Firms Seeking To Recruit Black Students

In this story, published February 16, 2021, in Bisnow, Collete English Dixon, executive director of the Marshall Bennett Institute of Real Estate at Roosevelt University, weighed in on the increase she’s seen in interest among banks, wealth management and private equity firms involved in commercial real estate in recruiting Black graduates and students.

Bisnow reported, “Historically Black Colleges and Universities across the nation are experiencing a surge in interest this year as much of the business world, including the commercial real estate industry, has vowed to do more to promote inclusion.”

While MBIRE is not an Historically Black College and University, when a CRE firm makes a hire from the school, it is often a person of color due to the student body demographics – and it is someone ready to hit the ground running in CRE.

MBIRE offers one of the country’s most diverse graduate real estate program with the school’s Master of Science in Real Estate (MSRE) program often drawing at least 50% Black students and people of color.

February 17, 2020dyanakflanigan No Comments

Student News!

Congratulations to student Irene Papierek, Real Estate (MSRE), and General Manager at Lillibridge Healthcare Services, for being named the CCIM Foundation Goldie Scholarship award recipient for 2019-20.

The CCIM Foundation funded scholarship is limited to women studying commercial real estate at one of its CCIM University Fast Track partner universities, including Roosevelt University. Goldie Scholars attending one of these partner universities were invited to submit an application to be considered as the inaugural CCIM Foundation Goldie Scholar. The CCIM Foundation board of directors reviewed the applicant pool and selected the recipient.

In addition to receiving special recognition and scholarship funds earmarked for the CCIM Foundation Goldie Scholar, Irene will receive other benefits including a fee waiver/course vouch to attend course requirements for a Fast Track CCIM Designation and assistance in the process of earning the designation of Certified Commercial Investment Member (CCIM).

Read the full newsletter here.

MSRE student Irene Papierek

December 18, 2019dyanakflanigan No Comments

Congratulations to Marlon Taylor, SIOR Scholarship Recipient!

Congratulations to Marlon Taylor who recieved a scholarship recipient from the SIOR Foundation. Taylor is a 2020- MSRE candidate at the Marshall Bennett Institute of Real Estate. He earned his Bachelor of Science in Architectural Studies from the University of Illinois at Urbana-Champaign. Some of his key projects include a Naval Apartment complex (Norfolk, VA), the New Malcolm X College Campus (Chicago, IL), the Holiday Inn Disney Springs Hotel (Orlando, FL) and over 35 AMC Movie Theatre renovations across the nation.

Currently, Mr. Taylor serves as a Development Consultant for The Gettys Group where he is focused on maximizing the value of real estate investments through his expertise in Project Management, Development and Consulting.

Since 1984, the SIOR Chicago chapter has provided scholarships to recognize and reward outstanding academic performance in businesses and real estate course. In addition to education funding, scholarship recipients are provided access to career opportunities and internship programs available within the Chicago real estate community.

November 18, 2019dyanakflanigan No Comments

Watch! MBIRE Co-Founder Gerald Fogelson talks about the Intitute’s beginning, philanthropy and accepts the Visionary Award

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.

https://www.youtube.com/watch?v=nIBuu7m57gs

November 11, 2019dyanakflanigan No Comments

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.

October 8, 2019dyanakflanigan No Comments

CBRE Interview with Collete English Dixon: Why Chicago?

Executive Director Collete English Dixon is interviewed by Spencer Levy, Chairman of Americas Research and Senior Economic Advisor for CBRE, in this video series “Why Chicago.” Hear what she has to say about how Chicago’s numerous education opportunities lead to a stronger local economy.

Click here to watch the video.

August 28, 2019dyanakflanigan No Comments

Student Success Story! Monae Redmond: ASAE Forty Under 40 Award Recipient

Congratulations to MBIRE alumna Monae Redmond for being a 2019 Association Forum and ASAE Forty Under 40 award recipient, and also a 2019 Emerging Leader!

Monae is currently Manager, Member Care at the Chicago Association of REALTORS®. She has been working for CAR since 2008, where she began as Branch Information Specialist/Manager before being promoted to her current role in 2012.

An established leader, she has managed a team of seven for the past six years, servicing approximately 15,500 members of the Chicago Association of REALTORS®. She possesses extensive knowledge of the real estate industry, and takes pride in providing top notch customer service to all members, students, volunteers and staff. Highly invested in excelling and assisting others in their quest for professional development and advancement, she continues to empower others to fulfill their greatest potential. An advocate for comfortable work environments and open door policies that contribute to a healthy work/life balance, she strives to make a difference in the association world.

Monae aspires to “introduce and inspire a new wave of leaders who care for their employees and foster environments where everyone is accepted for who they are, and empowered to be whatever they want to be. She also is very passionate about enhancing diversity and inclusion within all nonprofits and associations across the country.”

She has a Bachelor of Science, Business Management from Chicago State University and received her Master of Business Administration, Real Estate from our Institute in 2018. She also is a Li Licensed Illinois Real Estate Managing Broker and has received numerous awards .

What’s next for this high achiever? Designations of CAE, RCE and CCIM!

July 24, 2019dyanakflanigan No Comments

Student Success Story: Marlon Taylor Recipient of NAIOP Scholarship

Marlon Taylor is a 1^st year MSRE candidate at Roosevelt University’s Marshall Bennett Institute of Real Estate. He earned his Bachelor of Science in Architectural Studies from the University of Illinois at Urbana-Champaign. Starting his career in project management, he’s gained over 6 years of experience at some of the top construction and real estate firms such as Clark Construction and JLL. During his tenor, he’s developed a keen eye and passion for managing the real estate process through a variety of assignments ranging from new construction to adaptive reuse. Some of his key projects include a Naval Apartment complex (Norfolk, VA), the New Malcolm X College Campus (Chicago, IL), the Holiday Inn Disney Springs Hotel (Orlando, FL) and over 35 AMC Movie Theatre renovations across the nation.

Currently, Marlon serves as a Development Consultant for The Gettys Group. There, he’s dedicated to maximizing Real Estate investments of key stake holders through his expertise in Project Management, Development and Consulting. Mr. Taylor is eager to join NAIOP’s talented community of members, gain exposure through mentorship and promote the value of the organization.

In addition to tuition assistance, recipients of the University Scholarship receive a one-year NAIOP membership, a mentor involved in a field related to their interests, as well as a variety of other local benefits. The NAIOP Chicago University Scholarship program is annual, with applications to the program accepted in early Summer of each year.

Roosevelt University to offer Graduate Certificate in Real Estate Development

Roosevelt University to offer Graduate Certificate in Real Estate DevelopmentThe Marshall Bennett Institute of Real Estate at Roosevelt University is pleased to announce its new Graduate Certificate in Real Estate Development, the first of its kind to be offered in the Midwest. The 12-credit-hour program, which can be completed in two semesters (based on two courses per semester), begins in fall 2019.

The program offers academic and practical knowledge for achieving success in the property development sector of the real estate industry. The courses provide fundamental real estate knowledge, specific real estate development process knowledge and project efforts that are applicable to many careers within the industry.

“The certificate program is ideal for students who have experience in commercial real estate, however, students with residential real estate experience will also benefit from the concepts, application, and analysis provided in the courses,” said Collete English Dixon, executive director of Roosevelt’s Marshall Bennett Institute of Real Estate. “It also provides the flexibility for those who complete the program to apply earned credits toward a graduate degree at a later date.”

For more information on the certificate program, contact Collete English Dixon at cenglishdixon@Roosevelt.edu or (312) 341-3767.

The Institute also offers an undergraduate major in real estate toward a Bachelor of Science in Business Administration degree and two graduate degree programs, the Master of Science in Real Estate and the Master of Business Administration with a concentration in Real Estate. These degree programs offer specialized classes and an inter-disciplinary approach combining urban economics with “hands-on” real estate learning.

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 and has more than 300 graduates, many of whom work at Chicago firms. For more information, please visit www.roosevelt.edu/realestate.

Important information about the educational debt, earnings, and completion rates of students who attended this program can be found here.