The Center for Real Estate sponsored a team of MBA students at the annual MIT Real Estate Case Competition. The team included: Justin Komppa, Marle Chen, Jim Bruce and Kelly Blaes. The competition included the following:
Your mission: to secure funding for your plan to develop a urban mixed-use development, worth hundreds of millions of dollars. That is the premise of "The CASE," the annual real estate competition held by the Massachusetts Institute of Technology. The UC Irvine-Merage School of Business, Center for Real Estate, sponsored a team this year to compete in the first round from January 29 to February 2. The team worked the entire weekend, forgoing the Super Bowl, to deliver their business proposal by 9 PM, Sunday night. First round winners will find out they are selected March 8th, and will then compete in semi-finals in Boston. No matter what the outcome, it was an incredible learning experience about how development plans are crafted and funded.
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