CU Real Estate Center - Executive Director

Dean David Ikenberry has announced that the next Executive Director of the University of Colorado Real Estate Center will be Mike Kercheval. Between 2000 and 2015, Mike was the President of the International Council of Shopping Centers, Inc. (ICSC). With over 70,000 members across 100 countries, ICSC is the world’s largest commercial real estate trade association. ICSC has about 170 full-time employees located in 100 countries. During his tenure as President, Mike has helped grow the membership of ICSC from 35,000 members to 70,000. Prior to his employment with ICSC, Mike has worked for Lend Lease Latin America Realty Advisors, Lend Lease Real Estate Investment Management, Equitable Real Estate Investment Management, Inc., and Equitable Life Assurance Society.

Mike holds a graduate degree from Columbia University and has taught urban economics at Columbia. Mike received his undergraduate degree in economics from CU-Boulder in 1978. In addition to being a member of CUREC’s National Advisory Board, Mike is a members of the University of Florida’s Executive Advisory Board and, through his affiliation with ICSC, sponsors research at Wharton’s Zell/Lurie Real Estate Center.

With Mike’s guidance, ICSC now operates more than two dozen professional training programs around the globe. In addition, ICSC now hosts post-graduate real estate programs at Wharton and USC. ICSC also has an educational foundation that supports undergraduate and graduate education in real estate. Mike was instrumental in establishing the Sherman R. Miller III Undergraduate Real Estate Case Completion between CU, CSU and the University of Denver two years ago. The administrators, faculty and staff of both the Leeds School and the University of Colorado Real Estate Center are pleased to welcome Mike to Boulder.

New Faculty Member!

Tom Thibodeau is pleased to share that the Finance Division in the Leeds School of Business is in the process of hiring Professor Stephen B. Billings as an Associate Professor of Real Estate. Professor Billings received his PhD in Economics from the University of Colorado-Boulder in May 2008. Between 2008 and 2012, he was an Assistant Professor of Public Policy at the University of North Carolina-Charlotte (UNC-C). Since 2012, he has been a member of the Economics faculty at UNC-C. He was promoted to Associate Professor, with tenure, at UNC-C in 2014. He currently serves as the Co-Director of the Childress-Klein Center for Real Estate at UNC-C.

Professor Billings’ areas of research include real estate economics, urban economics, public economics, labor economics, and the economics of crime. Professor Billings focuses his research efforts on three areas: (1) accurately measuring the influence that government policies and capital investment decisions have on property values; (2) measuring the effects that economic development policies have on business location decisions: and (3) measuring the effect that government education programs have on school outcomes and child welfare.

Professor Billings routinely advises the local Charlotte, North Carolina government on matters related to his research, helping the city form its transportation and education policies. He helps the Charlotte police department analyze crime patterns and the local school district evaluate policies affecting public education. Professor Billings frequently discusses the implications of his research with the media, having been interviewed or quoted by National Public Radio, The Washington Post, Slate Magazine, the New York Times, Outside Magazine, HBO Real Sports with Bryant Gumbel and the Huffington Post.

Steve is currently teaching a graduate level course in real estate economics. During the fall 2016 semester, Steve will be teaching two undergraduate sections of Real Estate Finance and Investments and the graduate level Real Estate Economics course.

Real Estate Club - Hard Hat Tour

The CU Real Estate Club sponsored a hard hat tour of the CU Athletic Facilities including the new indoor football practice field and the Hall of Champions. The tour (limited to 15 seniors) was led by the project managers at Mortenson Construction and Development Company. The students were especially interested in learning how a project of this immensity is managed at the ground level. Several of the seniors on the tour had gone on a similiar tour last fall when the project was just a huge hole in the ground. What a difference a year can make!

CU Real Estate Center, Executive Director Search

The CU Real Estate Center at Leeds is currently recruiting for the Executive Director position.

Interested candidates must apply online using the new CU Careers website here.

A position description may be downloaded here.


The Real Estate Club sponsored their 5th annual Habitat for Humanity volunteer day which took place this year on Friday, Oct 16th. Thirteen students participated in the full-day event in Longmont. The students spent the majority of the day hanging drywall inside two houses (ceilings and walls). They were all tired at the end of the day but felt that they had made a lot of progress. It certainly made a big difference to the two new homeowners. A BIG thanks to all of the volunteers!

See additional photographs in our gallery, here!
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