BREAA Bay Area May 2023
Happy spring! Hope you are surviving the doom loop. It's been a fun couple of months with BREAA hosting events such as Bakar BioEngenuity Hub Tour (photo above) & the Carmel Partners Mixer (recap below), in addition to our regularly scheduled Happy Hours.
Berkeley graduation is nearly upon us! , i.e., time to put out of your mind how long ago your own graduation was. This installation of the newsletter will focus on what's going on on campus.
Graduating real estate students have full-time jobs and internships starting in summer 2023 at: Hines, Howard Hughes Corporation, Cruise (real estate division), Jonathan Rose Companies, CIM, Related, USAA, and Bank of America, to name a few. Geographies include: San Francisco, Chicago, New York, Houston, Honolulu, Seattle, and Colombia.
Keep reading to hear about the latest case competitions, learn what courses are being offered on campus, and meet some highly qualified current students seeking jobs--have a look to see if any of them could be a fit at your firm!
- May 16 - 18: ULI Toronto
- June 22: BREAA | USC AREN | SPIRE - Downtown San Jose Development Bus Tour with Urban Catalyst. Hosted happy hour to follow. Details and registration will be released soon. Space will be limited.
- Fall Gala: Date & venue to be announced shortly!
Hope to see you out there soon!
Case Competition Update
Left to right: Esmeralda Jardines, MRED+D 23; Marshall Slipp,MBA 23; Abigail Franklin, team advisor;
Jack Woodruff, MBA 23,; Jordan Doane, MRED+D 23; Bill Falik, team advisor and continuing lecturer,
real estate; and Serena Lousich, MRED+D 23. Photo: Tom Chappelear
- Golden Shovel (pictured above): Apr 2023, Berkeley beats Stanford in 34th annual NAIOP "Golden Shovel" competition (link).
- UNC Development Challenge: Feb 2022, Berkeley places 3rd of 16 top MBA teams in the (link)
- UT Austin: Nov 2022, Berkeley places second in the UT Austin National Real Estate Challenge. MIT places first. (link) Berkeley has placed in the top 5 all of the last 5 years, including first places finishes in 2018, 2019, and 2021
What's Being Offered on Campus
Current real estate course offerings at Haas. Yes, Dennis is still going strong!!
- MBA 280: Real Estate Investment Analysis and Sustainability--Nancy Wallace
- MBA 285: Business and Legal Issues in Real Estate Development--Joe South and Ashley Weinstein-Carnes (took over from Bill Falik in Spring 2022)
- MBA 287: Accelerating Careers in Real Estate--Abby Franklin (new course started in 2021)
- MBA 283--Real Estate Finance and Securitization--Tim McQuade (taking over from Nancy Wallace in Fall 2023)
- MBA 282--Real Estate Development--Dennis Williams
Hire A Bear
Profiles of MBA, MCP, and MRED+D students who will be graduating shortly and are looking for real estate opportunities
Master of Real Estate Development + Design (MRED+D) ‘23
Target Role: My target role is a development manager or project manager position that allows me to work through the entire development process. I am looking to work on projects in the multifamily, R&D, or life science product.
Target Location: California or Pacific Northwest
Real Estate Background: I previously worked as the leasing and marketing director for a 19-unit live-work redevelopment project located in West Berkeley. I also was an electrical engineer designing electrical building systems for healthcare facilities, military bases and government buildings. In this work I would perform fieldwork, create construction drawings and provide construction administration support.
Best Berkeley Experience: Lindsay Baker with the International Living Future Institute came to lecture in the Sustainable Design Colloquium class about her work on the Living Building Challenge. Her lecture gave me so much excitement and inspiration for how buildings can become more sustainable and can create a positive impact on the environment.
Get in Touch: email@example.com
Master of City Planning (MCP) '23
Target Role: Associate Project Management, Affordable Housing Development
Target Location: Los Angeles
Real Estate Background: For the last year, I've worked as a Development Assistant at Century Affordable Development doing the following: Securing funding & entitlements, managing contracts & invoices, and managing contractors & external consultants.
Best Berkeley Experience: It wasn't on Berkeley's campus, but being a student afforded me the opportunity to speak to a group of High School students in Oakland. It was a deeply moving experience where I got to share life experiences and provide advice for the future.
Get in Touch: firstname.lastname@example.org
Master of Business Administration (Haas MBA) ‘23
Target Role: My target role is with a small or medium-sized private equity firm that is vertically integrated and has an entrepreneurial spirit. I am looking for a role that allows me to combine acquisition with asset management and/or development, with a focus on multiple property types and innovative strategies that I can eventually implement back in Latin America.
Target Location: Miami, San Francisco, San Diego, Texas, or New York
Real Estate Background: My real estate background includes experience in investment banking and private equity. As an investment banker, I led two real estate transactions, including the first IPO of a Chilean real estate company in ten years and the sale of a Peruvian real estate company. Additionally, last summer I interned at Tidewater Capital, a private equity fund that invests in and develops various real estate assets in the Bay Area. There, I worked on underwriting investment opportunities, presenting them to the Investment Committee, and developing strategies to expand the firm's business, including an OZ strategy in ten markets, a value-add strategy for an office in San Francisco, and a three-year ESG strategy.
Best Berkeley Experience: My best Berkeley experience was co-heading the New Space Economy Summit, where I brought together over 120 people including Haas students and alumni, industry professionals, and VC investors to discuss how to connect business with space.
Get in Touch: email@example.com
Carmel Partners Mixer Recap
BREAA in partnership with Carmel Partners hosted a Graduating Students Mixer for real estate students graduating this Spring to network with Cal alumni working in real estate in the Bay Area and beyond.
The purpose of this mixer was for students to meet other Cal graduates working in the industry, learn about different companies, and make new connections that will help in their employment-seeking journey.
Thank you to the 75+ attendees for an excellent turnout--a roughly equal mix of alumni and students. Inspiring conversations were had and invaluable connections were made!
This would not have been possible without the generous sponsorship from Carmel Partners, one of the nation’s leading real estate investment managers.
Go bears and congratulations to the Class of 2023!
Media Recommendations from BREAA Members (only stuff we truly LOVE)
Twitter: @moseskagan for insight into LA multifamily & general real estate hot takes, a godfather of "REtwit"