Incoming MSRE students just completed an intensive six-day orientation program, which included a series of briefings and project tours throughout the region. Highlights included an opportunity to tour the new Husky Stadium and hear a real estate insider’s backstory on the complex financial and construction management aspects of that project from Walt Ingram, CFO of Wright Runstad & Co., and Chip Lydum from UW Athletics. Orientation also included a road trip through downtown Seattle and the Eastside, with presentations from Carolyn Davis and John Torrance at CBRE on the Seattle market, Jim Melby from Kemper Development on downtown Bellevue, and the Microsoft real estate team in Redmond. The group also rode the Washington State Ferries across Puget Sound to the city of Bremerton, where advisory board member Cary Bozeman gave a presentation on public-private partnerships and economic develpment. Students heard from Jon Rose, president of the Olympic Property Group, and Taylor Caroll with Forterra on rural development at Port Gamble and innovative transfer of development rights initiatives. The session was held at the LEED platinum-certifed offices of the architecture & planning firm Rice Fergus Miller, which renovated the former Sears store in downtown Bremerton into an über-cool and highly sustainable office and meeting space. Students also heard presentations on major new developments in the region including the Seattle Housing Authority’s Yesler Terrace project, and Wright Runstad & Co.’s Spring District project in the Bel-Red corridor. The group then visited current MUP-MSRE student Nathan Daum, who has a year-long internship at the UW Real Estate Office. Advisory board member Jeanette Henderson and others on her staff discussed the unique challenges presented in managing the university’s extremely diverse real estate portfolio.
Students also spent many hours in “boot camp,” learning Excel proforma modeling techniques by working closely with our own PhD student Andy Krause. The whirlwind week culminated in a reception hosted by the Runstad Center Advisory Board, where the new students were introduced to the real estate community and mingled with board members, internship sponsors, mentors, alumni, and other friends of the Runstad Center.
We at the Runstad Center offer our sincerest thanks to all who contributed their time and energy to this exciting introductory period for our new students, and we extend a warm Husky welcome to the incoming MSRE class of 2015!