Rutgers Business School

The demand for real estate education is rising in business schools, with many institutions offering new undergraduate and graduate initiatives in the subject, Businessweek reported. About 15 percent of business schools surveyed in 2012 by the Association to Advance Collegiate Schools of Business had programs that emphasize real estate training, an increase of 30 percent over the last decade. Last week, Rutgers Business School created a $3 million endowed professorship in real estate, to prepare for the MBA class of 2014. “Real estate will continue to be a major facet of business, with its own unique characteristics,” said Darius Palia, a finance professor at Rutgers who teaches students about the housing meltdown. “There’s a lot of demand in the marketplace for people trained in real estate techniques.” … [more]

While New Jersey is popular among urban dwellers and suburbanites alike, developers may have to look elsewhere for their future projects, according to the New York Times. The state may be — literally — running out of room, a report from Rowan and Rutgers universities released this month shows, with the state down to just one million acres of developable land left. The overdevelopment in New Jersey is so dire, the report says, that the Garden State may be tapped out of available space by the middle of the century. Of course the recent market downturn could help temper this momentum, according to James Hughes, the dean of Rutgers’ school of planning and urban development. “Perhaps it is beneficial, in some ways, that the report is coming out now in the midst of a severe building lull,” Hughes said. “There is a little time for policy makers to think, and planners to plan carefully, in the context of what we are learning.” [NYT]

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