Greenwich Time– Litchfield County has long been known for its green hills, horse farms and quaint small towns, but it is losing population at a rate that threatens to make it a region of virtual ghost towns by midcentury.
Pictured above: David J. Reilly, the retired President and CEO of Cornerstone Real Estate Advisors, and a longtime friend of and instructor in the UConn Center for Real Estate and Urban Economic Studies program, received the Center’s Lifetime Achievement Award from Director John Glascock during the Center’s 14th Annual Awards Banquet on April 14. Reilly’s contributions to UConn have been many, including facilitating Cornerstone’s $1.4 million pledge in support of the program; co-teaching a course called “Real Estate: A Practical Approach,” and inviting students to visit Fan Pier, the $4 billion Boston waterfront development project in which Cornerstone is a partner.
$1.4M Gift Gives Students Practical View of Real Estate Industry
An international real estate company is giving $1.4 million to the UConn School of Business’s highly-ranked Real Estate Center to continue offering a popular course that gives students a realistic, hands-on approach to real estate.
The gift from Hartford-based Cornerstone Real Estate Advisers will make the course, “Real Estate: The Practical Approach,” a permanent addition to the Center. Prior to 2015, Cornerstone executives had been teaching the course with UConn faculty on a trial basis for three years.Continue Reading
Wallet Hub – The purchase of a new home is one of the largest financial transactions most Americans make during their lifetime. And for that reason, the decision should be treated with careful consideration and thorough planning. For additional insight into home-ownership, we asked a panel of real-estate experts to weigh in on the subject and offer their advice.
UConn Professor John Clapp, who has been recognized as one of the top real estate researchers in the world, has been named the first Kinnard Distinguished Research Scholar in the business school’s Center for Real Estate.
Clapp is a long-time professor of real estate and finance at the UConn School of Business. His areas of expertise include real estate and retail markets, housing price indices, location of anchor stores, option to redevelopment and Connecticut housing.Continue Reading
Marketplace – Eaten at the Olive Garden lately? You probably thought more about the bread sticks than who owns the building — fair enough. However, Darden Restaurants, which owns the Olive Garden, Long Horn Steakhouse and some other chains, announced Tuesday that it’s going to spin off its real estate into something called a REIT — a real estate investment trust — and then lease the properties back.