Lynne Sagalyn

Columbia Business School
Earle W. Kazis and Benjamin Schore Professor Emerita of Real Estate
Finance Division
Areas of Expertise
  • Real Estate

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.


BS, Cornell, 1969; MCRP, Rutgers, 1971; PhD, Massachusetts Institute of Technology, 1980
Joined CBS

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