Lynne B. Sagalyn Faculty Profile
Lynne B. Sagalyn
Professor of Real Estate Development and Planning
PhD, M.I.T., 1980; MCRP, Rutgers University, 1971; BS, with distinction, Cornell University, 1969
Research Areas
Urban redevelopment; political economy of preservation; real estate development finance; politics and policy of the built environment; real estate securitization; real estate industry structure.
Recent Consulting
Real estate finance and investment litigation expert, Mack-Cali Realty Corporation, 2000; Real Estate Finance Professional Training, Tishman Speyer Properties, 2002; Morgan Stanley Mid-level Training Program, 2002; MIT Professional Development Courses, 2002, 2001, 2000; ULI, Real Estate School, 2002, 2001, 2000.
Current Projects
Politics of rebuilding the World Trade Center site, under a grant from the Russell Sage Foundation; independent analysis of New York City’s development and zoning plan for the Hudson Yards; new course in Public/Private Development to be taught Spring 2005.
Academic Positions Held
Wharton: 2004-present. University of Pennsylvania: 2004-present (School of Design). Previous appointments: Columbia University Graduate School of Business, Professor and Earle W. Kazis and Benjamin Schore Director of the MBA Real Estate Program and the Paul Milstein Center for Real Estate, 1998-2003; Professor and Coordinator of the MBA. Real Estate Program, 1992-1998; M.I.T., 1980-1991. Visiting appointments: A. Alfred Taubman Center for State and Local Government, Kennedy School of Government, Harvard University, Scholar-in-Residence; Columbia University Graduate School of Business
Other Positions
Faculty, Weimer School for Advanced Studies in Real Estate and Land Economics, 1993- present, fellow, 1992-1993; Lincoln Institute of Land Policy Faculty Associate, 1994-1998
Career and Recent Professional Awards; Teaching Awards
Honorable mention in the category of Architecture and Urban Studies, 2001; Professional/Scholarly Publishing Annual Awards Competition, Association of American Publishers, Inc., Times Square Roulette: Remaking the City Icon; Best Article, Journal of the American Planning Association, 1991 and First Place Feature Article, Society of National Association Publications, 1991, “Explaining the Improbable: Local Redevelopment in the Wake of Federal Cutbacks”; Ballard Award Best article in Real Estate Issues, 1989, “Measuring Financial Returns When the City Acts as an Investor: Boston and Faneuil Hall Marketplace”
Professional Leadership 2003-2007
Trustee, Urban Land Institute, 2000-present (Fellow 1992, Senior Fellow 1998 to present); Editorial board, Journal of Architecture and Planning Research, 2003-present; Real Estate Finance, 1996-2002.
Corporate and Public Sector Leadership 2003-2007
Board of Directors, United Dominion Realty Trust (NYSE: UDR), 1996-present (chair, audit committee); Capital Trust (NYSE: CT), 1997- present (chair, audit committee); J.P. Morgan U.S. Real Estate Income and Growth Fund, 2002-present; Advisory Board, Goldman Family Enterprises, 2003-present; Member, [New York City Board of Education] Chancellor’s Commission on the Capital Plan, 2001-2002; Board of Directors, The Retail Initiative (a subsidiary of the Local Initiatives Support Corporation), 1993-2003; Advisory Board, Taubman Center for State and Local Government, J.F.K. School of Government, Harvard University, 2003 -present; Advisory Board CityFeet, 2000-present
Representative Publications
Times Square Roulette: Remaking the City Icon. MIT Press: Cambridge (2001).
Cases in Real Estate Finance and Investment Strategy. The Urban Land Institute: Washington, D.C. (1999).
“Negotiating for Public Benefits: The Bargaining Calculus of Public-Private Development.” Urban Studies 34 (December 1997).
“Conflicts of Interest in the Structure of REITs.” Real Estate Finance 13 (Summer 1996).
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