Chicago Booth students from the full-time, evening, and weekend programs—Jan De Kuyper, Scott Ebbott, Kevin Griffin, Rob Joyce, and Matt Olsen—won the annual Kellogg Real Estate Venture Competition on April 27, 2015, taking home $100,000 in seed funding for their Chicago “superstation” proposal. Their proposal recommends turning Chicago Transit Authority’s unused subterranean “superstation,” which is located below Block 37 in Chicago’s Loop, into a data center. Prominent industry judges and investors, such as Sam Zell, selected Booth from 12 business school competitors, including Columbia, Cornell, Georgetown University, Harvard, INSEAD, Northwestern, London Business School, Northwestern, the University of California at Berkeley, the University of Michigan, the University of Oxford, and the University of Texas at Austin. The judges presented the $100,000 first place prize—$25,000 cash and $75,000 in in-kind business services and office space. After celebrating their victory, the Booth team plans to work with the city to move their real estate proposal forward.
The UNC Real Estate Development Challenge is a case competition founded by the Center for Real Estate Development at Kenan-Flagler Business School. An invitation-only event, each spring the Challenge convenes 16 teams from the nation's top-20 MBA and Real Estate programs to compete. In the past, the event has challenged teams to propose uses for an actual site, devise a development program and site plan, and work through project financials.
In 2010 the Booth team won first place in the UNC Challenge. Click here for an article about the winners.
Click here to see the winning presentation.
2010 First Place Winners. Go Booth!
Graduate student teams compete for highest honors and cash awards in this real estate case competition. The case is written and provided by a private real estate investment institution. Student teams evaluate an investment opportunity, focusing on issues surrounding the acquisition, financing and tenanting of a property. Representatives of the case-providing institution will present a retrospective on the actual investment and its performance following the completion of the competition.
The Booth team went to the finals in 2015 and won third place! Click here to see the 2015 presentation