University of Denver graduate students in its MBA program topped their rival students at the University of Colorado in the 9th annual Rocky Mountain Real Estate Challenge.
This year’s challenge focused on plans from the respective schools for the 9 Mile Station. More than 650 commercial real estate professionals attended the challenge event on Wednesday. DU now has won six challenges and CU three.
For this year’s challenge, Aurora real estate developer John Buckley teamed up with NAIOP Colorado for the 22-acre, 9-Mile Station at South Parker Road and Interstate 2225. Both student-teams were required to come up with their redevelopment options. Since January, nearly 40 students have analyzed every redevelopment opportunity for the property and competed to represent their school at the final competition day. Their recommendations were put on the chopping block of a 13-person judging panel and then again the 650 industry at the Real Estate Challenge’s awards on Tuesday.
“The Nine Mile Station redevelopment provides the students with a real world challenge that is not lacking in complexity,” said Leanne Toler, Chairperson of the NAIOP organizing committee. “John Buckley and NAIOP are extremely pleased to give the students a great opportunity, and to provide the City with fantastic proposals from some of Colorado’s brightest young minds.”
“The ability to take everything that we have learned throughout our academic career and apply it on a real world project is such an amazing experience,” said Ed Johnson, a former competitor and graduate of the University of Denver’s Burns School of Real Estate and Construction Management. The competition exposes students to the top professionals in the commercial real estate industry; and in today’s economy, winning the competition could potentially lead to landing a great job in a tough economy.
NAIOP, the Commercial Real Estate Development Association, is the leading organization for developers, owners and related professionals in office, industrial and mixed-use real estate. NAIOP provides industry networking and education, and advocates for effective legislation on behalf of its members. NAIOP advances responsible, sustainable development that creates jobs and benefits the communities in which its members work and live.
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John Rebchook has more than 30 years of experience in writing and communications. As the Real Estate Editor for the Rocky Mountain News, he wrote about residential and commercial real estate for 26 years. He has won numerous awards for business stories and columns that he wrote, both as an individual and part of teams. In addition to real estate, he also covered economic development, banking and financing, the airlines, and cable TV for the Rocky. In addition, he was one of the original freelance writers for GlobeSt.com, covering commercial real estate for the Internet publication.!
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Article source: http://www.indenvertimes.com/du-wins-real-estate-challenge/