Professors David Geltner and Richard de Neufville will be going to China to share recent work developed with the support of the Samuel Tak Lee MIT Real Estate Entrepreneurship Lab (STL Lab). They will lead a series of one-day short courses discussing the dynamics of real estate development in China. Their work emphasizes how these dynamics in China differ from those in liberal market economies in North America and Europe, and suggests policies to avoid potential market failures or collapse. The courses will build upon the textbook they completed in March, Flexibility and Real Estate Valuation under Uncertainty: A Practical Guide for Developers.
STL Lab will announce every February the request for proposals for its research/think tank program and welcome submissions from across MIT. Proposals should focus on innovative, cross-disciplinary research relevant to socially responsible real estate development and entrepreneurship. The STL Lab expects to fund a number of projects at two levels: seed grants between $20,000 and $50,000, and larger or two-year projects up to $150,000.
The STL Lab's mission is to create a new generation of socially responsible entrepreneurs and academics within the field of real estate who, regardless of their social and financial background, understand and embrace individual initiative and that, through the medium of real estate and socially responsible and sustainable entrepreneurship, it is possible to achieve high private and social returns on investment. Funded research should advance the understanding of opportunities and challenges in real estate development and entrepreneurship to help top students worldwide, regardless of social, financial, and ethnic background, recognize and embrace individual initiative to achieve private and social returns on investment through the medium of real estate. Projects focusing on rapidly urbanizing countries, particularly the People's Republic of China, and those with a cross-disciplinary approach will be given priority. Specific topics of inquiry may include, but are not limited to:
- global real estate and sustainable urbanization through private action and entrepreneurship;
- urban resilience and adaptation;
- land use reform regulations, standards, and codes;
- technologies and the built environment (innovative design, new construction materials, and real estate and big data);
- affordable housing;
- environmental aspects of urban growth and development best practices; and
- land and real property rights.
MIT researchers are encouraged to organize multidisciplinary teams, and when appropriate to collaborate with scholars, professionals or agencies in the PRC. Research findings will be disseminated to scholars, practitioners, and government officials through publications and workshops. Innovative research findings may also be organized into case studies and online courses available to learners worldwide via edX.
How to Apply
The 2016 Faculty Seed Fund application is now closed.
Please check back in early 2017 for our next Request for Proposals.
Ongoing Research 2016
After reviewing process, the following nine research projects have been granted funding from the Faculty Seed Fund program of the STL Lab in the 2016-2017 academic year.
Disjuncture and Resilience: A Holistic Approach to Real Estate Development in Ulaanbaatar, Mongolia
PI: Manduhai Buyandelger (Anthropology Program, MIT)
Real Estate for Entrepreneurship
PIs: Dennis Frenchman (CRE, DUSP)
Andrea Chegut (Center for Real Estate, MIT)
Drivers of Infrastructure Project Outcomes: Governance and Institutional Elements of Transportation Sector Projects in Bogotá, Colombia
PIs: Donald Lessard (Sloan School of Management, MIT)
Gabriella Carolini (Department of Urban Studies and Planning, MIT)
Rebuilding the Social Compact: Urban Service Delivery and Property Taxes in Pakistan
PI: Ben Olken (Department of Urban Studies and Planning, MIT)
Property in Land, Takings and Fair Compensation: A Comparative Analysis
PI: Balakrishnan Rajagopal (Department of Urban Studies and Planning, MIT)
The End of Gated Communities in China? Implications for Sustainable Urban Village Redevelopment
PIs: Brent Ryan (Department of Urban Studies and Planning, MIT) ,
Lawrence Vale (Department of Urban Studies and Planning, MIT)
Estimating the Social and Environmental Impacts of Large-Scale Real Estate Development
PI: Lawrence Susskind (Department of Urban Studies and Planning, MIT)
Urban-Scale Social Responsibility in China: Behavioral Perspective in Real Estate and Transportation
PI: Jinhua Zhao (Department of Urban Studies and Planning, MIT)
Ongoing Research 2015
After reviewing process, the following thirteen research projects have been granted funding from the Faculty Seed Fund program of the STL Lab in the 2015-2016 academic year:
PI: Arindam Dutta (Department of Architecture, MIT)
PIs: David Geltner (Department of Urban Studies and Planning, MIT)
Richard de Neufville (Institute for Data, Systems and Society, School of Engineer)
Researchers: Siqi Zheng, Xin Zhang
Mining Big Data to Link Affordable Housing Policy with Traffic Congestion Mitigation in Beijing, China
PI: Marta C. Gonzalez (Department of Civil and Environmental Engineering, MIT)
Researchers: Shan Jiang, Jiang Zhang, Ruiqi Li, Lei Dong
Development, environmental quality, and the location of polluting industry: A case study of China's Beijing-Tianjin-Hebei region
PI: Valerie Karplus (Sloan School of Management, MIT)
Researcher: Li Chiao-Ting
PIs: Brent D. Ryan (Department of Urban Studies and Planning, MIT)
Fadi Masoud (Department of Urban Studies and Planning, MIT)
Researchers: Roland Jm Pellenq, Liyan Xu, Stanley Lung, Xiaoxuan Lu, Tyler Austin, Tianxin Zhang, Jiayu Wu
PIs: Albert Saiz (Department of Urban Studies and Planning, MIT)
Thies Lindenthal (Department of Land Economy, Cambridge University)
Siqi Zheng (Department of Construction Management, Tsinghua University)
Researchers: Weizeng Sun, Christa Lee-Chuvala, Xiaoke Hu
PI: Adele Naude Santos (Department of Urban Studies and Planning, MIT)
Researchers: Dennis Frenchman, Rafi Segal, Yao Zhang, Jianguo Wang, Dongqing Han, Ming Ge, Lan Zhou
Real Estate Industry, Financial Markets and Economic Development: Organizing and utilizing micro data to determine the interaction of the real estate sector with the financial sector, and their impacts on the macro economy of China
PI: Robert M. Townsend (Department of Economics, MIT)
Researchers: Xiaowen Yang, Yu Shi, Tiyan Shen, Jiafeng Gu
PIs: Lily L. Tsai (Department of Political Science, MIT)
Xiaobo Lü (University of Texas, Austin)
Affordable Housing and the Resilient Chinese City: Seeking Strategies for Urban Village Redevelopment in a Changing Climate
PI: Lawrence J. Vale (Department of Urban Studies and Planning, MIT)
Researchers: Hongru Cai, Shinwon Kyung, Zachary Lamb, Wenji Ma, Linda Shi
PI: Sarah Williams (Department of Urban Studies and Planning, MIT)
Researcher: Mike Foster
PI: P. Christopher Zegras (Department of Urban Studies and Planning, MIT)
Researchers: Jiangyan Wang, Yang Jiang, Ruishan Zheng, Yang Liu
Mega-Regionalization and Urban Reconfiguration: The Spatial and Wider Economic Impacts of China's High-Speed Rail System
PI: Jinhua Zhao (Department of Urban Studies and Planning, MIT)
Researchers: Yu Shen, Wanli Fang
Related News & Events
On November 3 and 4, 2016, Manduhai Buyandelgar, associate professor in MIT Anthropology and 2016 STL Lab Faculty Seed Fund recipient, participated in a Humboldt Foundation Workshop in Berlin titled Religion and the City: Inter-Religious Exchanges in Urban Environments. More than forty scholars from around the world questioned the largely established idea that religion tends to retreat from public life in urban areas.
On September 1, 2016, Lily Tsai (Associate Professor, MIT) and Xiaobo Lü (Assistant Professor, University of Texas at Austin) presented their experimental study on the attitudes toward property tax compliance in China at the 2016 Annual Meeting of the American Political Science Association (APSA) in Philadelphia, PA. Their research was funded by the 2015 STL Faculty Seed Fund.
The research team for the project “Ghost Cities: Beyond the Image”—Prof. Sarah Williams (PI), Wenfei Xu (project manager), and Zhekun Xiong (MCP candidate)—conducted a four-city, nine-day field study and research trip to China funded by the Samuel Tak Lee Faculty Research Seed Fund. During the trip, the team went on site visits and interviewed key academics, planners, and real estate developers in Beijing, Tianjin, Shenyang, and Shanghai.
Developing the Littoral Gradient research team Fadi Masoud (PI), Brent Ryan (PI), and Colleen Xi Qiu (PhD Candidate) conducted a 4-city, 8-day field study and research trip to China funded by the Sam Tak Lee Faculty Seed Fund. While on the trip, the team met with key research affiliates, academics, planners, and developers in Beijing, Tianjin, Shenzhen, and Hong Kong.
The Samuel Tak Lee MIT Real Estate Entrepreneurship Lab (STL Lab), in conjunction with the Center for Real Estate (CRE) and the Department of Urban Studies and Planning (DUSP), has announced its second round of faculty research grants, awarding $1.1 million to nine MIT researchers and their teams.
On Wednesday, May 18, 2016, the Samuel Tak Lee Real Estate Entrepreneurship Lab (STL Lab) Faculty Seed Fund interim reporting seminar was hosted in the Stella Room at MIT. This two-hour meeting brought together 12 researchers and their teams to present the projects they have been diligently working on for the last year, since the first year of grants were announced in September 2015. Mr. Phil Hardie and Mr. Ron Gray, members of the STL Lab’s Advisory Board, were also in attendance.
Each Principle Investigator (PI) had six minutes to present their research methodology and findings, followed by three minutes of question and answer with other attendees. Although one-year projects are nearing their final stages, others are only halfway through the two-year funding cycle. Overall, it was a very successful meeting and a celebration of researcher’s accomplishments. Further, it provided an opportunity to build the STL Lab’s interdisciplinary academic community, engage with future collaborators, and build knowledge about social responsibility in real estate, planning, and development.
The Samuel Tak Lee MIT Real Estate Entrepreneurship Lab (STL Lab), in conjunction with the Center for Real Estate (CRE) and the Department of Urban Studies and Planning (DUSP), has announced its first round of faculty research grants, awarding $1.5 million to 13 MIT researchers and their teams.