November 2016 News to Note: The AREUEA–ASSA Conference will be held January 5–8, 2017 in Chicago, Illinois. Registration is now open. For more conference information, please visit the 2017 AREUEA-ASSA Conference webpage. AREUEA is requesting nominations for the John M. Quigley Medal. Nominations may be made by an individual or organization and are due by Monday, November 28, 2016. Please see page 4 of this newsletter for more information or visit the John M. Quigley Medal for Advancing Real Estate and Urban Economics webpage for guidelines and application instructions. The 30th Annual 2017 Doctoral Session and Reception will be held on Thursday, January 5, 5:00 to 8:00 pm in the Michigan AB room of the Sheraton Grand Chicago Hotel. Please plan to join us and support our doctoral students. Current calls for papers include the AREUEA National Conference, International Conference, and the NAREIT-AREUEA Real Estate Research Conference. Join us for a WREN networking event and a chance to make new connections. Email Ingrid Gould Ellen by Friday, December 16, 2016 to participate in this event. News Bytes American Real Estate and Urban Economics Association AREUEA NATIONAL CONFERENCE – CALL FOR PAPERS The American Real Estate and Urban Economics Association invites paper submissions on all facets of real estate related research for our upcoming National Conference. The National Conference is held in Washington DC over a two day period at the end of the Memorial Day week (June 1-2, 2017). The sessions are informative and ample time is provided to allow for discussion among the presenters and session participants. Go to the 2017 National Conference page for more information on the conference and to submit your paper or abstract. In the submission portal, select the “2017 National Conference.” Submitting author must be an AREUEA member. Submissions should include full contact information (name, affiliation, address, phone, fax, and email) for the corresponding author in addition to the names and affiliations of all coauthors. Policy makers, academics, and real estate practitioners have all come to rely on the leading research and vigorous discussions that are a tradition of this conference. Submissions are encouraged that highlight pressing issues in real estate finance, urban economics, residential and commercial markets, policy and industry applications, and more. Before submitting, please also note the dates of the conference and be sure you will be able to attend and present the paper should it be accepted. Authors may submit papers or well developed abstracts but preference will be given to completed manuscripts. Visit the 2017 National Conference page for updated conference information as it becomes available. Submissions: All submissions must be transmitted via the AREUEA conference website. The submission portal is now open. For questions, please contact conference chairs: Sheridan Titman ([email protected]), Paul Carrillo ([email protected]) or Raven Molloy ([email protected]). Deadline: To be considered for the program, submissions must be received on or before Wednesday, March 1, 2017. The portal will close at 11:59 PM Eastern Time Zone. WREN NETWORKING EVENT – CHICAGO 2017 The Women in Real Estate Network (WREN) is hosting a networking social event on Saturday, January 7, 2017 from 5:30 to 6:30 PM in the Tennessee room of the Sheraton Grand Hotel. All are invited to join us for light refreshments before the AREUEA reception at the House of Blues. This event is a perfect opportunity to meet up with old friends and make some new ones. This year, we plan to offer a way for people to make new connections by advance pairing of individuals with similar research interests. If you would like to participate, please send your CV to Ingrid Gould Ellen at [email protected] by Friday, December 16, 2016. We encourage people of all backgrounds, genders (men are included), and stages of their career to participate. We will do our best to pair junior researchers with more senior researchers. Participants we receive an email, a few days prior to the conference, with the name of your partner. We look forward to seeing you in Chicago! News Bytes Page 2 of 7 JANUARY 2017 AREUEA-ASSA CONFERENCE The 52nd AREUEA-ASSA Conference will be held in Chicago, Illinois, January 6–8, 2016, in conjunction with the meetings of the Allied Social Science Associations (ASSA). All AREUEA sessions will be held at the Sheraton Grand Chicago Hotel. Plan to arrive early as special pre-conference events include the Doctoral Session and Reception on Thursday, January 5. Also mark your calendar for membership receptions on Friday and Saturday, January 6 and 7, as well as the Presidential Luncheon on Saturday, January 7. Visit the AREUEA website, 2017 AREUEAASSA Conference, for information on the conference, special events, and a link to the ASSA Conference registration page. The AREUEA-ASSA 2017 program will comprise 23 sessions, including a joint sessions with the AEA and AFA. The joint AREUEA-AEA session, "Housing Affordability," was organized by Daniel McMillen. Chester Spatt organized the joint AREUEA-AFA session, "Housing Returns and Speculation." For more information on our joint sessions, please download the AREUEA Joint Session Flyer. Our AREUEA-ASSA Conference Program is now available on our website. Please refer to the program for dates, times, and room assignments for the AREUEA sessions. Our sessions will each have four papers, with discussants assigned to each paper. More than 250 people are on the program as either an author, panelist, or discussant of a paper. The sessions cover a wide range of topics in real estate economics, real estate finance, and urban economics. The papers will be posted to the AREUEA website prior to the conference. To view conference papers, once they become available, please visit the AREUEA-ASSA Conference Program. Our thanks go to the AREUEA-ASSA 2017 Program Committee members for their hard work in putting together a terrific program. All AREUEA Sessions for the 2017 AREUEA-ASSA Conference in Chicago will be held in the Sheraton Grand Hotel If you plan to attend the conference, all attendees must have an official ASSA name badge to gain entry into the paper sessions and special events. All session chairs, paper presenters, and discussants, must be registered for the conference. Please visit the ASSA Conference page to register if you have not already done so. If you have any questions regarding the 2017 AREUEA-ASSA Conference, please contact Sheridan Titman ([email protected]), AREUEA-ASSA Program Chair or Liz Laffitte ([email protected]), AREUEA Executive Director. We look forward to seeing you in ChicagoJanuary 2017! NEW VIRTUAL ISSUE OF REAL ESTATE ECONOMICS As editors, one of our goals is to raise the awareness of the topics covered by articles appearing in Real Estate Economics. Thus, we decided to commission special virtual issues of Real Estate Economics that contain curated collections of articles appearing in previous volumes of Real Estate Economics on topics attracting the attention of the broader economics and finance profession. For example, the Great Recession and Financial Crisis was caused in part by factors associated with real estate assets and real estate securities. Contributors to Real Estate Economics have published on these topics for many years. Thus, as a service to the profession, we feel that highlighting the findings from these articles will aid future research in discovering new insights. We are very pleased to present the first virtual issue, co-edited by Andra Ghent (University of Wisconsin-Madison) and Vincent Yao (Georgia State University) that highlights research on household decisions regarding residential mortgages. Please visit: http://onlinelibrary.wiley.com/journal/10.111 1/(ISSN)15406229/homepage/VirtualIssuesPage.html In an overview to this issue, Ghent and Yao provide an excellent review of the literature connecting articles appearing in Real Estate Economics with recent research efforts. Their article covers four areas: (1) the role of intermediaries such as mortgage brokers; (2) how households choose between a fixed and an adjustable rate mortgage; (3) how homeowners choose between other features of mortgage contracts; and (4) reverse mortgages. It is our hope that the members of AREUEA and the boarder economics and finance profession will find this summary of the literature useful as they look to expand on our knowledge of issues related to housing markets and residential mortgage markets. Sumit Agarwal (Georgetown University), Brent W. Ambrose (Pennsylvania State University), and Abdullah Yavas (University of WisconsinMadison) Announcing new Virtual Issue of Real Estate Economics. Visit: http://onlinelibrary.wiley.com/j ournal/10.1111/(ISSN)15406229/homepage/VirtualIssuesPa ge.html News Bytes Page 3 of 7 PRESENTING AT THE AREUEA-ASSA CONFERENCE? Are you presenting a paper at the January 2017 AREUEA-ASSA Conference in Chicago? We are asking all presenters to make sure to provide your discussant and your session chair a copy of your final paper by November 30, 2016, to afford adequate time for a thorough review and to ensure they are able to prepare comments for your presentation during your session. Don’t forget to make sure AREUEA has a final copy of your paper by copying Liz Laffitte when you send your paper to your discussant and chair. AREUEA will ensure all papers are available on our website for download during the conference. Presenters, also please note that ASSA will provide LCD projectors in the session rooms but computers WILL NOT be provided or available. If you plan to use the LCD projector you must provide your own laptop unless you make other arrangements with your session chair. All Session Chairs, Presenters, and Discussants must register for the AREUEA-ASSA Conference: https://www.aeaweb.org/Annua l_Meeting/index.php Reminder: all presenters, session chairs, and discussants must register for the conference. We are looking forward to great sessions and a wonderful conference in January! AREUEA PRESIDENTIAL LUNCHEON – CHICAGO You are invited to attend the AREUEA Presidential Luncheon to be held on Saturday, January 7, 2017, 12:30 to 2:00 PM, at our January 2017 AREUEA-ASSA Conference. The Presidential Luncheon is hosted in honor of AREUEA’s outgoing President. In addition to the Presidential address, AREUEA recognizes the generous sponsors of our Association. During the luncheon, recipients of the George Bloom Award, Edwin Mills Best Paper Award, Real Estate Economics Best Referee Awards, Quigley Medal, and the Homer Hoyt Institute Dissertation Award will be announced. If you would like to attend this luncheon, please purchase a luncheon ticket during the conference registration process. If you have already registered, please make sure to update your registration to include a luncheon ticket. Luncheon tickets are required for this event. Visit the ASSA Conference website for AREUEA-ASSA Conference registration, book your hotel, and to purchase your ticket to the AREUEA Presidential Luncheon. Eligible sponsors have already been contacted regarding sponsorship complimentary luncheon ticket(s). Please note that seating for this event is limited; purchasing a ticket on the day of the luncheon may be available but cannot be guaranteed. Should you have any questions regarding tickets for the AREUEA 2017 Presidential Luncheon, please contact Liz Laffitte, AREUEA Executive Director. PARTY CHICAGO STYLE by Morris Davis I find the AREUEA January meetings incredibly fun. We discuss all stripes of Economics, reconnect with old friends, and occasionally yell at each other (mostly for the right reasons). These meetings bring us together, give us perspective on the field and remind us of how far we have advanced as a profession. I think these meetings are cause for a celebration. Although perhaps Sheridan Titman (AREUEA-ASSA Conference Chair) and the gang now regret it, I was asked to help turn the AREUEA Saturday night membership reception "up to 11." If we are going to work hard, then darn it, we should play hard as well. Chicago is a place where one just does not party lightly. There are standards in this town. So we sharpened our pencils and priced our options. And we decided on.... THE HOUSE OF BLUES!!!! The entirety of the ASSA will be jealous at the awesomeness of this party that is within 1/2 mile of our conference hotel, the Sheraton Grand Chicago. There will be ridiculously savory food and craft beers as well as other libations, starting at 7:00 PM. Then, THE CONTRACTIONS, unconscionably but likely accurately labeled as "Madison's worst band," will begin its off-key caterwauling at 9:30 PM. I know The Contractions unfortunately all too well, as I have been a member since 1997. For those of you that like a bottom line: Please join us, Saturday, January 7 at The House of Blues in Chicago. Doors open at 7:00 PM. The Contractions play at 9:30 PM. This event is a great time for meeting with your colleagues, making new connections, and lots of fun. Make sure to wear your conference badge for admission. Don't be lame. Be there. Join us at the House of Blues Chicago for a fun and unique event featuring a performance by some of AREUEA’s own… The Contractions News Bytes Page 4 of 7 2017 AREUEA INTERNATIONAL CONFERENCE CALL FOR PAPERS The 2017 American Real Estate and Urban Economics Association (AREUEA) International Conference will be held in Amsterdam, The Netherlands. Theoretical and empirical contributions centered on research in real estate economics, real estate finance, urban economics, and other related areas are welcomed. All plenary and parallel sessions will be held on July 4–5, the welcome reception takes place July 3. Note that the European Real Estate Society (ERES) conference will be held in Delft from June 28 to July 1. Submission – Submission of well-developed abstracts or preferably full papers in pdf format at www.areuea.org or by email: [email protected] Submissions Deadline: February, 28, 2017 Keynotes: Paul Hilbers (Director Financial Stability, Dutch Central Bank) David Geltner (Professor of Real Estate Finance, MIT) Conference Venue: Roeterseiland Campus, University of Amsterdam Registration: Registration at www.areueaamsterdam2017.com Hotels: Please visit www.areueaamsterdam2017.com Scientific Committee: Shaun Bond, Dirk Brounen, John Clapp, Joao Cocco, Martijn Dröes, Piet Eichholtz, Marc Francke, Roland Füss, Stuart Gabriel, David Geltner, Erasmo Giambona, Ronan Lyons, Giacomo Morri, Jan Rouwendal, Steffen Sebastian, Paloma Taltavull The AREUEA International Conference will be held in Amsterdam, the Netherlands July 4-5, 2017 For conference updates, please visit AREUEA International Conference For paper submissions, please visit the AREUEA website or email your submission to [email protected] Organizing Committee: Marc Francke (chair), Martijn Dröes (co-chair), Peter van Gool, Frans Schilder, Marcel Theebe, Dorinth van Dijk, Lorena Zevedei For more conference details, registration costs, and other questions, please visit the conference webpage: www.areueaamsterdam2017.com or email [email protected]. We look forward to seeing you in Amsterdam July 2017. NOMINATIONS REQUESTED - JOHN M. QUIGLEY MEDAL AREUEA is proud to uphold and advocate the values embodied in the works of John M. Quigley. In this respect, nominations are solicited for the John M. Quigley Medal to be awarded in 2017. The Medal shall be conferred on the individual who best exemplifies the many contributions that John made during his impressive career. The span of his influence and contributions are extensive and its impact, far-reaching. He significantly advanced and pushed the boundaries in various fields that include, but are not limited to, real estate, urban economics, public finance and regional science. More specifically, in the field of real estate and urban economics, the name John Quigley is synonymous with the pursuit of excellence. During his time, aside from his contributions in the academic field, John also contributed immensely to policy and practice. In addition to John’s prolific scholarly contributions, he generously gave of himself in mentoring and service leadership. He helped to lay the foundation for generations to come. The John M. Quigley Medal recognizes the many dimensions in which John had devoted his life to, in these fields. In particular, candidates for this medal should exemplify a record of scholarship that opens up new avenues of inquiries, have a demonstrated record of mentorship of young scholars, have supported institutional advances within these fields, or have been particularly effective at advancing and disseminating the practices of these fields to the broader public and the professional community at large. Nominations may be made by any individual or organization. Individuals are also encouraged to nominate their own work with supporting letters from others to enhance their candidacy. Please note that although nominations for this distinguished medal will be accepted annually, it may not necessarily be awarded in any one given year. For application guidelines and submissions instructions, visit: John M. Quigley Medal for Advancing Real Estate and Urban Economics. The deadline for all applications is Monday, November 28, 2016. Please visit the John M. Quigley Medal for Advancing Real Estate and Urban Economics web page for nomination guidelines and a list of award recipients. If you would like to donate to the Quigley Fund, please visit Quigley Fund News Bytes Page 5 of 7 HAVE YOU MOVED? If you have moved, changed your mailing address, office, affiliation, or had any change to your contact information in the last year and have not updated your AREUEA contact information, please make sure to do so as soon as possible. Just visit www.areuea.org/members to log into your “account.” If you do not remember your AREUEA password, use the link provided to request a temporary one (please note that this is not instantaneous). Once you are in the member section you may immediately change your password and/or update any contact information in the “My Membership” section on the left side of the page. Don’t miss out on your journal mailings and other important information, check your membership listing, don’t delay and update today! Visit the AREUEA Members Section to update your contact information, renew your membership, and more! www.areuea.org/members MEMBERSHIP RENEWALS FOR 2017 All AREUEA memberships are based on the calendar year (January-December) and are not pro-rated. Renewal notices for 2017 will be emailed in December and are due by January, 31, 2017. Please make sure you have a current email on file with AREUEA by visiting the members section of the AREUEA website and updating your contact information in the “My Membership” section. Membership renewals may be securely processed online at any time using a Visa, MasterCard, American Express, or Discover Card, by logging into the members section of the AREUEA website and visiting “My Membership” to find the link for membership renewal. Renew your membership securely online. Visit: www.areuea.org/members/ If you have any questions regarding your membership, please contact Liz Laffitte ([email protected]), AREUEA Executive Director. We thank you for your continued membership and support of the American Real Estate and Urban Economics Association! AREUEA SPONSORSHIPS Your organization or institution can be an AREUEA sponsor! AREUEA offers a wide variety of sponsorship levels for individuals, organizations, institutions, and corporations who wish to contribute to and support the mission of the American Real Estate and Urban Economics Association. Current sponsorship levels can be reviewed on our website by visiting: AREUEA Sponsorship Benefits. Sponsorship benefits include sponsor recognition and individual memberships. Sponsorship renewals will go out this December to the identified key contact at each of our sponsorship institutions. Please review your sponsorship profile and make any necessary corrections, updates, or additions. Sponsorship renewals are due by January 31, 2017. For more information or any questions you may have, please contact David Downs ([email protected]) or Liz Laffitte ([email protected]). Thank you sponsors for their 2016 participation and look forward to a great 2017! AREUEA WEBSITE AND INTERNET EXPLORER We have found that there are some compatibility issues with the AREUEA website and Internet Explorer (IE). If you have upgraded your IE, you may be having difficulty viewing the AREUEA drop-down menu on the red ribbon bar at the top of the page. We are aware of the issue and until Microsoft provides a “patch” to fix this issue, we have a correction AREUEA members may put into place. To restore the drop down menu, open your IE browser to the AREUEA website, www.areuea.org. If you do not see the drop down menu list across the red ribbon at the top of the page, please take the following steps. Go to the “tools” option for IE. Once there, select “compatibility view settings” and a pop-up window will open. Here you can add areuea.org to your compatibility list. After you have added AREUEA to your compatibility list the menu options should reappear on the red ribbon at the top of the page. If you have any difficulty restoring your AREUEA menu or questions about our website, please contact Liz Laffitte, AREUEA Executive Director. that this is not instantaneous). Once you are in To see a listing of all AREUEA Sponsors, visit our sponsor pages: AREUEA Sponsorship Levels News Bytes Page 6 of 7 2017 DOCTORAL SESSION – CHICAGO The deadline for submission for the 2017 AREUEA Doctoral Session at the ASSA Conference has now closed. All applications will be reviewed by the awards committee and notifications will be sent by the end of November. Good luck to all applicants. The AREUEA 2017 Doctoral Session and Reception will be held Thursday, January 5, 5:00 to 8:00 PM in the Michigan AB Room of the Sheraton Grand Chicago Hotel SPECIAL NAREIT-AREUEA REAL ESTATE RESEARCH CONFERENCE–CALL FOR PAPERS Special Issue of Real Estate Economics, Dedicated to REITs and Real Estate Investment Real Estate Economics, the journal of the American Real Estate and Urban Economics Association (AREUEA), in conjunction with the National Association of Real Estate Investment Trusts (NAREIT), is pleased to announce a call for papers related to real estate investment trusts (REITs) and other types of real estate investment. In conjunction with the conference there will be a special issue of Real Estate Economics that is dedicated to papers on similar topics. The third bi-annual Real Estate Research Conference is to be held in New York City on June 5, 2017 in conjunction with REITWeek®, NAREIT’s Investor Forum®. It is expected that four to six papers will be included in the conference. One paper presented at the Real Estate Research Conference will be selected “Best Paper,” and its author(s) will be awarded a prize of $5,000. Travel expenses (transportation and one night’s lodging) for invited presenters will be covered by NAREIT. Authors responding to this CFP can choose to have manuscripts considered for both the conference and publication in a special issue of Real Estate Economics. Authors can also choose to submit their paper only for conference consideration or only for special issue consideration. Authors are encouraged to submit the results of original research, both theoretical and empirical, on all questions bearing on REITs and other types of real estate investment. Authors who wish to make use of the FTSE NAREIT PureProperty® Index Series should contact Brad Case at NAREIT, who will assist in arranging free access to the index data for academic research purposes. Areas of research may include, but are not limited to: Industrial organization issues for REITs and other types of real estate investment, e.g., financing, capital structure, executive compensation, operating expenses, economies of scale, property type or geographic focus/diversification, ownership structure, etc. Valuation of REITs and other types of real estate assets, whether securitized or not and whether listed or not, including the existence of premia associated with illiquidity, opacity, governance, etc. Investment characteristics of REITs and other types of real estate investment both within real estate portfolios and in mixed-asset portfolios, e.g., returns, volatility, correlation/cointegration, liquidity, momentum, etc., whether using shorthorizon or long-horizon data. The relationships among different types of real estate investment including REITs, listed property companies, private equity real estate funds (including limited partnerships), co-investments, and other types of real estate investments held directly or through separate accounts. To be considered for the Real Estate Research Conference, authors should submit manuscripts electronically by February 15, 2017. Those authors who wish their paper to be considered for the REE special issue only should submit by April 1, 2017. In all cases, submissions should be emailed to: Timothy Riddiough Senior Special Issue Editor University of Wisconsin – Madison [email protected] Submitting authors should clearly indicate whether they wish their paper to be considered for the conference only, the special issue only, or both the conference and special issue. Authors who would like their manuscripts considered for publication in the special issue of Real Estate Economics should NOT submit via the REE submission process; instead, they should submit directly to Professor Riddiough and request that he forward the manuscript to the special issue editors for separate evaluation. The Real Estate Research Conference will be held June 5, 2017 in New York City. Submissions for the conference and a special issue of Real Estate Economics should be received by February 15, 2017. Submissions for the Real Estate Economics special issues only should be received by April 1, 2017. News Bytes Page 7 of 7 INDUSTRY NEWS – POSITION POSTINGS & MORE AREUEA has received a number of calls for participation and position announcements that we have posted to our website. State University, the Journal of Real Estate Research News, Harvard University, and the Journal of Housing Economics. If you are looking for a new position, check the latest listings from Clemson University, Fannie Mae, Syracuse University, Pennsylvania State University, Baruch College, University of Reading, Longwood University, University of North Carolina at Charlotte, Georgia State University, York University, the College of Charleston, National University of Singapore, University of Nevada, and many more. We also have calls for participation from Pennsylvania For more information on open positions, calls for papers, and other industry announcements, please visit the AREUEA website at www.areuea.org, in the AREUEA News Bytes section. To post an announcement or open position to News Bytes, please visit AREUEA News Bytes for submission instructions and guidelines. Contact Us: AREUEA The Center for Real Estate Education & Research College of Business Florida State University 821 Academic Way, 223 RBB CALENDAR OF UPCOMING EVENTS P.O. Box 3061110 Tallahassee, FL 32306-1110 Dates for Your Calendar: November 28, 2016 Deadline to Submit Application for Quigley Medal December 2016 Individual Membership and Sponsorship Renewals Will Be Sent January 5, 2017 AREUEA Board Meeting, Chicago, IL January 5, 2017 AREUEA Doctoral Session and Reception, Chicago, IL January 6–8, 2017 AREUEA-ASSA Conference, Chicago, IL February 15, 2017 Deadline–Call for Papers, NAREIT-AREUEA Conference February 28, 2017 Deadline–Call for Papers, AREUEA International Conference March 1, 2017 Deadline–Call for Papers, AREUEA National Conference May 31, 2017 AREUEA Board Meeting, Washington, DC June 1–2, 2017 AREUEA National Conference, Washington, DC June 5, 2017 NAREIT-AREUEA Real Estate Research Conference, New York, NY July 4–5, 2017 AREUEA International Conference, Amsterdam, Netherlands 800.242.0528 Phone 850.644.4077 Fax Executive Director: Liz Laffitte [email protected] Visit AREUEA www.areuea.org ABOUT OUR ASSOCIATION… The American Real Estate and Urban Economics Association (AREUEA) was originated at the 1964 meeting of the Allied Social Science Association (ASSA) in Chicago. AREUEA grew from a need for more information and analysis in the fields of real estate development, planning, and economics. AREUEA has advanced the scope of knowledge in these disciplines and has facilitated the exchange of information and opinions among academic, professional, and governmental people who are concerned with urban economics and real estate issues. AREUEA's journal, Real Estate Economics, is published quarterly and is distributed on a calendar year subscription basis. The journal contains research and scholarly studies of current and emerging real estate issues. The Association holds three conferences each year. The conferences are an excellent opportunity for members and non-members to catch up on the most up-to-date research available in the fields of real estate and urban economics.
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