Finance and Real Estate Professor Jeffrey Cohen has received the 2017 Distinguished Member Award from the Transportation and Public Utilities Group (TPUG) of the Allied Social Sciences Associations (ASSA). The award was bestowed at the organization’s annual meeting in Philadelphia on Jan. 5. Continue Reading
Finance
The ‘Kodak Moment’ That Could Revolutionize Business
UConn Today– On Tuesday, shares in Kodak surged after the company announced plans to launch cryptocurrency called “KodakCoin” to empower photographers and agencies to take greater control in image rights management. Only a few years ago, the 130-year-old company emerged from bankruptcy with a new focus, but its shares had been steadily declining. What does this indicate about cryptocurrency and what does it mean for the long-term financial health of the iconic photography company? David Noble, director of UConn’s Peter J. Werth Institute for Entrepreneurship & Innovation, has the answers.
Connecticut’s New Stranded Tax Credit Program Aims to Unleash Investment
Hartford Business Journal– In 2014, Connecticut agreed to let United Technologies Corp. use up to $400 million in “stranded” research and development tax credits to keep and expand the presence of its Pratt & Whitney subsidiary in East Hartford.
Samuel F. Pierson SIOR Scholarship Recipients
2017-2018 recipients of the Society of Industrial & Office Realtors (SIOR) scholarship in memory of Samuel F. Pierson included Jordan Angel ’18, Kelly Yates ’18, Hannah Schmidt ’18 and William Golonka ’18. The students have demonstrated academic excellence while pursuing a degree in real estate with intent toward a real estate career. Each of the seniors embrace the learning of real estate with great enthusiasm and look forward to starting their careers this spring.
Connecticut’s Economy Struggles to Recover
Hartford Business Journal – During the first quarter of 2017, Connecticut’s economy, as measured by real output or gross state product (GSP), contracted below where it was in 2004. After seven years of contraction from 2008 to 2014, the economy managed a modest 2 percent gain in 2015, only to retreat to essentially zero growth in 2016 and a sharp decline in early 2017.
Economic Diversity Cushions Danbury Region from Unemployment
Greenwich Time – Since 2002, and throughout the Great Recession, Danbury and nearby towns enjoyed an unemployment rate two to three percentage points lower than the nation, the state and the cluster of cities and towns along the Gold Coast.
ICSC Bill Holmes/Hart Realty Advisers Scholarship
Kyle Ernest and Zitao Zhang received the ICSC Foundation Bill Holmes/Hart Realty Advisers scholarship. Thanks to the generosity of John Hart, Hart Realty Advisers and the loyal friends and family of William Holmes, the students received $3000 and a one year student ICSC membership. Ernest is a senior graduating in December 2017. He is currently interning as a valuations analyst at UBS and will be joining the Cushman and Wakefield Prep Program in September 2018. Zhang is a junior and is seeking an internship for the summer.
Down, But Not Out: Experts See Future for UBS in Stamford
Stamford Advocate – An embattled investment banking giant has downsized significantly in recent years in Connecticut. But a departure does not appear imminent.
A Glimpse at Silicon Valley’s Cryptocurrency Craze: A Melding of Reality, Fantasy and Hype
MarketWatch – The hype that has fueled the skyrocketing prices of bitcoin and other cryptocurrencies was on full display this week in San Francisco, where a conference showcasing young companies seeking to catch the crypto wave before it crests offered a perplexing mix of a fantastical future and likely reality.
National Valuation Consultants Inc. Speaks to Students
On November 7, 2017 John Monaco and Betsy DiPaulo from National Valuation Consultants Inc. spoke to the Real Estate Society and students interested in valuation. Monaco and DiPaulo spoke of valuation of properties with NVC and in New York City, auditing and the necessary steps to value.