Lynne Sagalyn
- Earle W. Kazis and Benjamin Schore Professor Emerita of Real Estate
- Finance Division
- Areas of Expertise
- Real Estate
- Contact
- E-mail: [email protected]
Lynne B. Sagalyn is the Earle W. Kazis and Benjamin Schore Professor Emerita of Real Estate at Columbia Business School, where she was formerly the director of the MBA Real Estate Program and the founding director of the Paul Milstein Center for Real Estate.
An expert in real estate development and finance, Sagalyn has published extensively on a broad range of issues in the fields of urban development finance, public/private partnerships, and real estate finance. In addition to this, she has developed scores of cases for graduate-level teaching of real estate finance and investment strategy and been an innovator in the curriculum for real estate study.
Sagalyn is widely known for her research on city building. Her book, Power at Ground Zero: Politics, Money, and the Rebuilding of Lower Manhattan (Oxford University Press), which is the subject of this collection, has received continuous praise and is regarded as the definitive account of that rebuilding challenge. Her earlier books on city building include Times Square Roulette: Remaking the City Icon (MIT Press, 2001), and, Downtown Inc.: How America Rebuilds Cities, co-authored (MIT Press, 1989).
Professor Sagalyn's activities outside academia are diverse. She currently serves on the board of Blackstone Mortgage Trust (NYSE: BXMT) and chairs its audit committee and the Advisory Board of Morgan Stanley PRIME Property Fund. In prior years, she served on the board of UDR (NYSE: UDR), where she was Vice-Chair; JP Morgan U.S. Income and Growth Fund; and the advisory boards of Olshan Properties and Goldman Family Enterprises. In the not-for-profit realm, she is a member of the board of directors of the Regional Plan Association (RPA), the Skyscraper Museum, and serves as vice president, the board of the New York City Trust for Cultural Resources, and chairs its audit committee. She has been a litigation expert, a consultant to both private firms and public agencies, and a member of the New York City [Board of Education] Chancellor's Commission on the Capital Plan, and the Sunnyside Yards Steering Committee. She has done extensive executive teaching, particularly for Tishman Speyer Properties and the Urban Land Institute.
In addition to her more than twenty years at Columbia Business School, Sagalyn has held appointments at the University of Pennsylvania in both the School of Design (City Planning Department) and the Wharton School (Real Estate Department), and at M.I.T., Department of Urban Studies and Planning, where she taught courses in public policy and real estate finance as part of the school's pioneering degree program in real estate development.
Professor Sagalyn received her Ph.D. from the Massachusetts Institute of Technology, a Master of City and Regional Planning from Rutgers University, and a B.S. with distinction from Cornell University.
- Education
-
BS, Cornell, 1969; MCRP, Rutgers, 1971; PhD, Massachusetts Institute of Technology, 1980
- Joined CBS
- 1992
All Activities
Sagalyn Advises Australian Real Estate Program
Sagalyn Presents Research on Cities as Entertainment Centers
New Case Study Asks Whether to Increase Equity in Trophy London Office
Paul Milstein Center for Real Estate Fall 2010 Highlights: Panel Discussions and Featured Speakers
Welcome the New Faculty Members
- Case ID
- 171704
A Short Note on Real Estate Development Financials
What are the financials associated with the process of developing a real estate project and the considerations that help to determine the value of the project?
- Case ID
- 171702
Note on Legal Concepts for Real Property
What are basic legal tenets of real property and rights of ownership in the United States?
- Case ID
- 171703
Note on Forms of Real Estate Ownership
What is the institutional landscape of real estate ownership in the United States?
- Case ID
- 171701
Note on Zoning Regulations
Why are land-use regulations such important determinants of real estate value?
- Case ID
- 161701
330 North Wabash
Could distressed Prime Group Realty be saved when the debt on its primary remaining asset—Chicago's 330 Wabash Avenue—was about to default?
- Case ID
- 151703
Designing a Strategy for Growth: Olshan Properties and the Transition to a Second Generation Company
How should CEO Andrea Olshan transition the well-established real estate firm her father had founded to a more institutional platform?
- Case ID
- 151702
Aligning Incentives: JV Opportunity for a Private Equity Real Estate Fund
How do you evaluate the structure of incentives for a real estate opportunity fund?
- Case ID
- 151701
Use of Capitalization Rates in Real Estate Financial Analysis
What is the role of capitalization rates in real estate financial analysis?
- Case ID
- 141704
Note on the Mortgage as a Security Interest
How can a commercial mortgage be utilized as a security interest?
- Case ID
- 141703
The Mortgage for Pacific Tower
- Case ID
- 141702
The Trianon
Should Madison International Reality acquire a 50% equity position in the Trianon, a 45-story, trophy-quality office building located in the central business district of Frankfurt?
- Case ID
- 141701
Archstone From 2007 to 2013 Who Said Life was Easy?
How might Lehman Brothers' investment in a large REIT have contributed to its bankruptcy?
- Case ID
- 131703
Hostel, Friendly, or Both? The American Hotel
- Case ID
- 131701
Fractured Condominium Investment Opportunity: Sierra Vista
Should investors move quickly on a deal to acquire a fractured condo/apartment in a rapidly growing community in the Southwest?
- Case ID
- 91701
Capturing the Chrysler Building
What acquisition strategy is best to pursue when bidding for an architectural icon like New York's Chrysler Building?
- Case ID
- 101710
Distressed Debt Investing The Hancock Tower & Garage
Should a real estate investment firm acquire a tranche of mezzanine debt on the John Hancock Tower?
- Case ID
- 121702
Battling Over a New York Workout: The W Hotel Strategy
How did a mid-sized private equity firm win out over two deep-pocketed senior mezzanine lenders when a defaulted loan threatened to wipe out its investment?
- Case ID
- 121704
Note on Risk Analysis for Real Estate
If there a method to assess the riskiness of real estate investments at the project level?
- Case ID
- 111701
Liquidity-Driven Investment Opportunities: Mayfair House
What are the pros and cons of acquiring an equity position in a partnership that owns a trophy-quality office building located in London's West End?
- Case ID
- 121701
Debating Strategic Directions in a Changing Investment Landscape: AREA Property Partners
What modifications in its business model should a real estate investment fund consider in the challenging business environment of 2012?
- Case ID
- 81701
Soho Loft Building Pricing the Entrepreneur's Development Risk
How much is the conversion of a New York City loft structure to condominium apartments worth?
- Case ID
- 111702
Putting Back the Pieces of Ownership: The Madison Building
How would a consolidation of the three ownership interests of a prestigious Manhattan office building unlock value?
- Case ID
- 111707
The Acquisition of Corus Bank
In making its bidding decision on a distressed Bank's real estate portfolio, how should a real estate investment firm value the bank's assets in an uncertain real estate market?
- Case ID
- 111706
Bryant Park Tower
In the context of an uncertain economic environment, how do you evaluate the risk and opportunities of underwriting a deal to purchase a high-profile office building in New York City which has just gone into default?
- Case ID
- 101708
Structuring the Burnswell Joint Venture
What is the best JV structure for a redevelopment deal on a prime urban site?
- Case ID
- 101705
Restructuring a Bank Loan in Default: Globex Storage Company
What strategy should the head of commercial real estate and chief credit officer of a bank employ when confronted with the default of a large construction loan?
- Case ID
- 101707
Centro: Debt Restructuring
As Australia's second-largest shopping center owner found itself unable to refinance billions in bridging debt amid the global credit crisis in 2007, what were its options for debt restructuring?
- Case ID
- 101702
111 Eighth Avenue: Recapitalizing the Opportunistic Buy
How should the investors in an office property recapitalize their opportunistic buy?
- Case ID
- 91708
VNO and the EOP: Blackstone Transaction
In a bidding war for the largest US publicly held office REIT, what strategies and financial analyses drove the two rival potential acquirers as well as their target?
- Case ID
- 91704
Zenith Center
What are the due diligence issues that must be considered before bidding on a risky acquisition of an office building?
- Case ID
- 91706
The Mortgage for 1800 L Street
Mortgage for 1800 L Street: As a company considers bidding in an auction for a mortgage note at risk for becoming a nonperforming credit, what issues must be considered to create an offer?
- Case ID
- 91707
1372 Broadway
During a time of unstable real estate valuations, how might the buyer of a Manhattan office building structure the acquisition, including leasing transactions, to maximize returns?
- Case ID
- 91705
The Associate's Task: Financial Tales of Changing Place
Which analytic tools are needed for a financial analyst to evaluate the fundamentals of three urban real estate properties and propose an investment recommendation?