{"id":228810,"date":"2016-03-15T14:45:56","date_gmt":"2016-03-15T18:45:56","guid":{"rendered":"https:\/\/yfiledev.uit.yorku.ca\/?p=228810"},"modified":"2025-04-03T11:07:44","modified_gmt":"2025-04-03T15:07:44","slug":"schulich-earns-second-place-at-developers-den-vi-competition","status":"publish","type":"post","link":"https:\/\/www.yorku.ca\/yfile\/2016\/03\/15\/schulich-earns-second-place-at-developers-den-vi-competition\/","title":{"rendered":"Schulich earns second place at Developers' Den VI competition"},"content":{"rendered":"

Twelve teams from top graduate schools across North America gathered at the Schulich School of Business on March 4 to compete in the sixth annual Developers\u2019 Den, a grueling one-day real estate case competition.<\/p>\n

\"The<\/a>

The Schulich team at the Developers' Den competition<\/p><\/div>\n

The teams were challenged to prepare a new strategy for the ailing Astorton City Centre Complex, and sell their new vision to the Developers\u2019 Den judges \u2013 a group of senior leaders from Toronto\u2019s real estate industry.<\/p>\n

Teams from MIT, Schulich and Rotman made it to the final round of competition in front of a live audience of 150 fellow competitors, alumni, recruiters and other industry representatives. All three stressed revitalizing the suffering downtown core by renovating and repurposing the buildings, thereby creating a space where people could work, live and play.<\/p>\n

The judges preferred MIT\u2019s exit option of re-permit and sell, which allowed for moderate investment and higher valuation without development risk. The team took home $5,000 in first place prize money.<\/p>\n

The team from Schulich \u2013 Kelvin Kwok, Michael Guo and Ela Tabaku \u2013 were praised by the judging panel, led by Michael Emory, CEO of Allied REIT, for bringing a humanistic, creative approach to both their ideas and presentation. The other judges on the final round panel included: Jane Domenico, president and CEO, Partners REIT; Peter Senst, president, Canadian Capital Markets, CBRE; Michael Turner, senior vice-president, Real Estate Management, Oxford Properties Group; and Blair Welch, partner and co-Founder, Slate Asset Management.<\/p>\n

\u201cThis year\u2019s competition was the strongest yet,\u201d said Christopher Edey (MBA \u201911), the chair of the Schulich alumni volunteer group that organizes the competition. \u201cThe amount of work that the teams accomplish and the quality of the presentations that they create in only four hours shows how talented these students are.\u201d<\/p>\n

\u201cCompetition, collaboration and creation define the process and indeed the very purpose of what we do in this business,\u201d said Andre Kuzmicki, executive director of Schulich\u2019s MBA Program in Real Estate & Infrastructure and director of the new Master of Real Estate and Infrastructure, at the evening reception. \u201cI applaud all the competitors for taking on this challenge and thank the judges and our alumni for creating yet another outstanding real-world learning opportunity for the students.\u201d<\/p>\n

Developers\u2019 Den is presented by RealNet and AltusGroup, and is supported by the Schulich Real Estate & Infrastructure Student Experience Fund. Other major sponsors of Developers\u2019 Den include Matrix Search Group, Campus Suites and Forum Equity Partners.<\/p>\n

Other teams represented at the case competition included Columbia University, Johns Hopkins University, New York University, Queen\u2019s University, and the Ted Rogers School of Management at Ryerson University.<\/p>\n","protected":false},"excerpt":{"rendered":"

Twelve teams from top graduate schools across North America gathered at the Schulich School of Business on March 4 to compete in the sixth annual Developers' Den, a one-day real estate case competition. 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