{"id":27434,"date":"2016-11-09T09:09:52","date_gmt":"2016-11-09T14:09:52","guid":{"rendered":"https:\/\/biznews.fiu.edu\/?p=27434"},"modified":"2016-12-02T10:15:35","modified_gmt":"2016-12-02T15:15:35","slug":"fiu-hosts-a-luxury-real-estate-program-for-worldwide-executive-mbas","status":"publish","type":"post","link":"https:\/\/biznews.fiu.edu\/2016\/11\/fiu-hosts-a-luxury-real-estate-program-for-worldwide-executive-mbas\/","title":{"rendered":"FIU hosts a luxury real estate program for worldwide Executive MBAs."},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-27437\" src=\"https:\/\/biznews.fiu.edu\/wp-content\/uploads\/2016\/11\/emba-consortium_01.jpg\" alt=\"FIU hosts a luxury real estate program for worldwide Executive MBAs.\" width=\"770\" height=\"400\" srcset=\"https:\/\/biznews.fiu.edu\/wp-content\/uploads\/2016\/11\/emba-consortium_01.jpg 770w, https:\/\/biznews.fiu.edu\/wp-content\/uploads\/2016\/11\/emba-consortium_01-300x156.jpg 300w, https:\/\/biznews.fiu.edu\/wp-content\/uploads\/2016\/11\/emba-consortium_01-230x119.jpg 230w\" sizes=\"(max-width: 770px) 100vw, 770px\" \/><\/p>\n<p>Miami has beaches, sun, and one of the world\u2019s most renown global luxury real estate markets. In September, a group of 24 Executive MBA students from around the world visited FIU for a close-up view of this market, and the opportunity to study its design, financing and construction.<\/p>\n<p>The students participated in the EMBA Consortium for Global Business Innovation. The program offers students from select global universities, FIU among them, the opportunity to travel abroad, meet peers and study a local business or market during an intensive week in another country.<\/p>\n<p>For the first time, FIU\u2019s offering a was collaboration between the College of Business\u2019 <a href=\"https:\/\/business.fiu.edu\/graduate\/executive-mba\/\" target=\"_blank\">EMBA<\/a> program and its <a href=\"https:\/\/business.fiu.edu\/academic-departments\/real-estate\/\" target=\"_blank\">Hollo School of Real Estate<\/a>, part of the <a href=\"https:\/\/business.fiu.edu\/graduate\/\" target=\"_blank\">Chapman School of Business<\/a>.<\/p>\n<p>This created a special synergy, enabling the program to focus on luxury real estate with a global outlook, said Suzanne Hollander, an attorney and broker who is a professor at the Hollo School and industry liaison to FIU\u2019s <a href=\"https:\/\/business.fiu.edu\/centers\/jerome-bain\/\" target=\"_blank\">Jerome Bain Real Estate Institute<\/a>. Hollander led the group on private top-tier real estate company visits each day.<\/p>\n<p>\u201cWe were able to work with top our industry connections, and visit the most well-known developments not only in Miami, but in the Southeast United States,\u201d she said. This included a private tour from Edward Owen, commercial leasing director of Brickell City Centre, the $1.05 billion mixed used development built by Hong Kong-based Swire Properties; a meeting and tour of the Design District with Steven Gretenstein, chief operating officer of Dacra, the company that developed much of the high-end shopping district; a trip to ongoing Related Group project Brickell Heights; and a construction site visit to Aventura Square, a mixed use project by Integra Investments.<\/p>\n<p>\u201cWe talked about acquisitions, financing, leasing that involved profit sharing,\u201d Hollander said. \u201cWe took to the road and learned feet-on-the-street.\u201d<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.flickr.com\/slideShow\/index.gne?group_id=&amp;user_id=23794481@N04&amp;set_id=72157676248084626\/show\" width=\"100%\" height=\"400\" frameborder=\"0\" scrolling=\"no\" align=\"middle\"><\/iframe><\/p>\n<p><em>Practical plus academic.<\/em><\/p>\n<p>Focusing on Miami real estate, Hollander said, showcased how FIU excels at building strong relationships with both local and global communities.<\/p>\n<p>\u201cThe combination of lectures and business visits was invaluable,\u201d said Bafedile\u00a0Evah Chauke-Moagi, a student from South Africa working on an MBA at the University of Stellenbosch Business School in Cape Town. \u201cWe got to experience the best of Miami as a destination while also learning about the business side from some of the most inspiring people in the world.\u201d<\/p>\n<p>Chauke-Moagi, who works in the sustainable development department of a mining company, was especially impressed by the strategies Miami developers used to recover from the 2008 financial crisis, and how they\u2019ve targeted the luxury consumer while promoting Miami as a brand.<\/p>\n<p>Participants shared how businesses work in their economies and departed for home with new ideas.<\/p>\n<p>\u201cOur group of students provided a window into the business practices in Europe, Asia, Latin America and Africa,\u201d said Hollo School Director William\u00a0G.\u00a0Hardin\u00a0III, who led the classroom sessions. \u201cIt was a strong group of talented students with substantial professional experience.\u201d<\/p>\n<p>He said that post-event student feedback earned FIU its highest ratings since formation of the consortium.<\/p>\n<p>That was echoed by Maria Sierra, associate director of operations for FIU\u2019s MBA programs, who has helped organize the consortium experience for the last five years. \u201cThis year\u2019s program focus on luxury living in Miami has been the most valuable experience for the students to date,\u201d she said.<\/p>\n<p>That was true even for those who arrived with modest expectations.<\/p>\n<p>\u201cI agreed to go mainly because of the sun and the beach,\u201d admitted Aleksei Prishchepo, founder of a security systems supply company who is working on an EMBA at the Moscow International higher business school. \u201cBut then I realized that I was wrong in my expectations.\u201d The experience turned out to be fun and productive, providing insights on the variety of ways business problems can be approached.<\/p>\n<p>Enjoyable lunches and dinners at local restaurants helped make the trip memorable as well, he said. \u201cI\u2019m very happy that I came.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Miami has beaches, sun, and one of the world\u2019s most renown global luxury real estate markets. In September, a group of 24 Executive MBA students from around the world visited FIU for a close-up view of this market, and the opportunity to study its design, financing and construction. The students participated in the EMBA Consortium [&hellip;]<\/p>\n","protected":false},"author":75,"featured_media":27436,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[10],"tags":[4114,4113,763,765,828,2836,1284,1735,2531,3806],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/posts\/27434"}],"collection":[{"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/users\/75"}],"replies":[{"embeddable":true,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/comments?post=27434"}],"version-history":[{"count":5,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/posts\/27434\/revisions"}],"predecessor-version":[{"id":27441,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/posts\/27434\/revisions\/27441"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/media\/27436"}],"wp:attachment":[{"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/media?parent=27434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/categories?post=27434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/tags?post=27434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}