Center Developed and Sponsored Columbia CaseWorks Cases
Columbia CaseWorks develops and regularly updates teaching cases and materials for use in Columbia Business School classrooms. All material is closely tied to and based on the research and expertise of Columbia’s world-class faculty. The program leverages the energy, creativity, and intellectual capital of the School and provides a bridge between theoretical and practical business knowledge. Real estate cases are developed and produced in partnership with Columbia CaseWorks and are supported by the Michael Lehrman ’90 Case Study Fund.
The 65 Broad Street Investment Opportunity: Keep as Office or Convert to Residential?
Manhattanville Real Estate Partners (MREP) has an investment opportunity to acquire 65 Broad Street, an office building in downtown Manhattan, for a distressed price. If acquired, the company would decide whether to keep the building as office space with renovation expenditures or convert it into a residential space at a more significant cost. In this case, students analyze data on the property, the real estate market, and funding requirements to determine what decision MREP should make regarding the building. They also consider the (tax) implications for the city.
