Master of Real Estate Development

Aaron Greeno

Aaron Greeno is a Founder and Managing Partner of Arselle Investments. Prior to Arselle,
Aaron served as a Partner and Head of the West Coast for Dune Real Estate Partners,
where he established and grew the West Coast office. He was responsible for originating
and evaluating new investment opportunities, executing value creation strategies, and
continuing to build and oversee Dune’s business and team in the region. In his nearly five
years at Dune, Aaron served on both the Operating Committee and Investment Committee
and played a key role in developing and implementing strategies and initiatives across the
firm.

Prior to joining Dune in 2020, Aaron was a Managing Director at Morgan Stanley, where he
was Co-Head of US Investments for Morgan Stanley Real Estate Investing (MSREI),
overseeing investment activities across the portfolio and managing the investment team on
the West Coast. He began his career at Morgan Stanley in New York as an Associate in the
Real Estate Investment Banking Group in 2007, moving to the principal side in 2008, where
he invested in, and managed assets on behalf of, open and closed-ended funds with
various strategies including opportunistic, value-add, core, debt and special situations. In
2014, Aaron relocated to Los Angeles to focus on investment opportunities across the West
Coast where he had attended graduate school.

Aaron received a JD / MBA from the UCLA School of Law / Anderson School of Management
in 2007 and a BS from the University of Miami (FL) in 2003, where he graduated Cum Laude
and was a member of the 2001 National Championship football team. He currently serves
on the board of the UCLA Ziman Center for Real Estate and the Policy Advisory Board at the
Fisher Center for Real Estate and Urban Economics at the University of California, Berkeley.
Previously, he was a member of the Real Estate Advisory Board for the Miami Herbert
Business School. He is also a member of the Urban Land Institute (ULI) and is a lecturer in
Real Estate Development at UCLA.

Greg Morrow

Greg Morrow is the founding executive director of the UCLA MRED program. Previously, he was an associate professor of practice in architecture, founding executive director, and faculty director of UC Berkeley’s Abbey Master of Real Estate Development + Design (MRED+D) program. He was also founding academic director for the MSRE program at Pepperdine University’s Graziadio Business School and the Parker Professor in Metropolitan Growth + Change, a joint appointment at the University of Calgary’s Haskayne School of Business and School of Architecture, Planning + Landscape.

Morrow’s research focuses on housing and land use policy. He is known for his scholarship studying the impact of land use on housing supply in Los Angeles. In “The Homeowner Revolution: Democracy, Land Use and the Los Angeles Slow-Growth Movement, 1965-1992,” he explained the origins and impact of Los Angeles’s slow-growth movement that resulted in “planning by resistance,” where well-organized homeowner groups helped direct the future growth of L.A. to predominately low-income, minority communities, which exacerbated spatial disparities between communities. Morrow has also studied the unintended consequences of local policies and ballot initiatives, such as LA’s Measure JJJ, which resulted in an increase in transit-oriented development at the expense of housing supply outside of these areas. His applied research has also focused on municipal policies related to accessory dwelling units (ADUs) / secondary suites, affordable housing policies, and funding mechanisms for value capture and local area improvements.

Morrow has extensive teaching experience in urban + environmental policy, urban design + planning, and real estate development. As a Visiting Assistant Professor in Occidental College’s Urban + Environmental Policy (UEP) program he taught courses in environment + society, sustainable development, community-based research methods, and eco-cities, utopias, and political change. As a teaching fellow in UCLA’s Institute of the Environment + Sustainability, he was involved with the two-quarter undergraduate Global Environment cluster course and led a seminar in sustainable community development. He has taught courses in urban design skills, urban design + development, and planning history/theory and led numerous urban design and development studios at MIT, the University of Calgary, and UC Berkeley. Topics included master plans for the Portlands in Toronto, Downcity in Providence, and Griffintown in Montréal to a new suburb built around health outcomes in Southeast Calgary, revitalizing an industrial corridor in an immigrant community in Northeast Calgary, urban infill projects in Oakland’s Uptown and Coliseum Station, and the transformation of an industrial township into a mixed-use community in Mumbai. He has also led the real estate development independent capstone prep and directed capstone courses at UC Berkeley.

Morrow brings an interdisciplinary approach to real estate development. His professional practice includes institutional architecture, including work at Safdie Architects on the Peabody Essex Museum, Salt Lake City Public Library, and the winning entry for the US Institute of Peace competition. His residential practice work with KCBA Architects includes the restoration of a mid-century villa in rural Québec and new homes in Ohio and Martha’s Vineyard. He has also maintained a development + design and real estate consulting practice in the Bay Area and Los Angeles, focused on small-scale urban infill, small lot housing, and ADUs. He has also been involved with numerous international projects, including a master plan for a portion of postwar Sarajevo, a study to reuse industrial colonia heritage in the Cardener River Valley north of Barcelona, highway adjacent development in the Netherlands, and innovation cluster at the University of Cambridge (UK).

Morrow has also served on the Calgary Planning Commission, ULI LA’s Leadership Council, and LA County’s Homeless Initiative. He has a PhD in urban planning from UCLA Luskin, two masters (city planning and architecture) and an urban design certificate from MIT, and undergraduate and professional architecture degrees from McGill University.

Minjee Kim

Minjee Kim is an Assistant Professor in the Urban Planning department at the UCLA Luskin School of Public Affairs. Her research is situated at the intersection of real estate development and urban planning. She writes about land use regulation, large-scale real estate developments, exactions, negotiated developments, and urban public finance. Her goal as a planning scholar is to identify the ways in which planners and policymakers can foster equitable real estate developments.

Her solo-authored works have appeared in high impact planning journals such as the Journal of the American Planning Association, Journal of Planning Literature, and Urban Studies. She has been recognized both nationally and internationally as an emerging expert in US land use regulation and zoning. She served as the U.S. expert on Lincoln Institute’s joint effort with the OECD to promote land-based public finance. She also has been engendering a close working relationship with real estate industry professionals. She served as the chair of the DEI committee for ULI North Florida and is the sole author of the report, Creating Diverse and Inclusive Communities, published by the ULI Terwilliger Center for Housing. Equipped with an understanding of the economics, processes, and politics of real estate development, she sees herself as bridging the real estate and planning fields.

Minjee received a Ph.D. in Urban and Regional Planning and Master’s in City Planning from MIT. During her time in Boston, she worked in the cities of Cambridge and Boston’s planning departments to obtain hands-on planning experience. She was previously an Assistant Professor at the Department of Urban and Regional Planning at the Florida State University from 2019 to 2024.

Selected Publications:

Kim, M., Garcia, I., Goetz, E., Hanlon, B., Monkkonen, P., Pendall, R., Pfeiffer, D., Reece, J., & Whittemore, A. (2025). Bring Zoning Back into the Planning Curricula. Journal of the American Planning Association.

Kim, M. (2025). From exchange value to social value of real estate development: A Planner’s perspectivePlanning Theory.

Kim, M., & Lee, H. (2024). Upzoning and gentrification: Heterogeneous impacts of neighbourhood-level upzoning in New York City. Urban Studies.

Kim, M., Malizia, E., Nelson, M., Wolf-Powers, L., Ganning, J., & Schrock, G. (2024). Real Estate Development and Economic Development Planning Education: Pragmatic Turn or Trojan Horse? Journal of Planning Education and Research.

Kim, M., & Lee, H. (2023). Can U.S. Planned Communities Become Diverse? The case of industry-leading master-planned communities in five metro areas. Journal of Urban Affairs.

Kim, M. (2023). The Case for Mass Upzoning. Housing Policy Debate.

Kim, M. (2023). Infrastructure investments and land value capture: Variations and uncertainties at the frontiers of urban expansion. Town Planning Review.

Kim, M. (2023). Taking Stock of What We Know About Large-Scale Urban Development Projects: A Review of Existing Theoretical Frameworks and Case Studies. Journal of Planning Literature.

Kim, M., & Chapin, T. (2022). Who Benefits from Enterprise Zones? Equity implications gleaned from policy design and implementation regulations. Cities.

Kim, M., & Zhou, T. (2021). Does Restricting the Entry of Formula Businesses Help Mom-and-pop Stores? The case of American towns with unique community character. Economic Development Quarterly.

Kim, M. (2021). How Do Tax-based Revitalization Policies Affect Urban Property Development? Evidence from Bronzeville, Chicago. Urban Studies.

Kim, M. (2020). Negotiation or Schedule-based? Examining the strengths and weaknesses of the public benefit exaction strategies of Boston and Seattle. Journal of the American Planning Association.

Kim, M. (2020). Upzoning and Value Capture: How U.S. local governments use land use regulation power to create and capture value from real estate developments. Land Use Policy.

 

José Loya

José Loya is an Assistant Professor in Urban Planning at UCLA’s Luskin School of Public Affairs and faculty affiliate with the Chicano Studies Research Center. His research addresses Latino issues in urban areas by connecting ethno-racial inequality and contextual forces at the neighborhood, metropolitan, and national levels. His research discusses several topics related to stratification in homeownership, including ethno-racial, gender, and Latino disparities in mortgage access. José received his PhD. at the University of Pennsylvania in Sociology and holds a master’s degree in Statistics from the Wharton School of Business at Penn. Prior to graduate school, José worked for several years in community development and affordable housing in South Florida.

Paavo Monkkonen

Paavo Monkkonen is Professor of Urban Planning and Public Policy at the UCLA Luskin School of Public Affairs. He researches and writes about how policies and markets shape urbanization, social segregation, and housing affordability in cities around the world. His scholarship ranges from studies of large-scale national housing finance programs to analyses of local land use regulations, and uses comparison to derive novel insights. Past projects include studies in Argentina, Brazil, China, France, Hong Kong, India, Indonesia, Mexico, and the United States.

Professor Monkkonen’s research has been published in outlets such as the Journal of the American Planning Association, the International Journal of Urban and Regional Research, the Journal of Urban Economics, Urban Studies, World Development, and the Journal of Peasant Studies. He has received research funding from the Robert Wood Johnson Foundation, the John D. and Catherine T. MacArthur Foundation, the Urban Land Institute, the Regional Studies Association, and the Lincoln Institute of Land Policy. He is currently studying the implementation of California’s Affirmatively Furthering Fair Housing law and the social housing system in France.

At UCLA Luskin, Paavo teaches courses on housing policy, land value capture, applied microeconomics, research methods, and global urban segregation. He launched the Latin American Cities InitiativeCiudades, to develop and deepen knowledge networks among students, educators, and professionals in the arena of urban planning and policy in South, Central, and North America.

Paavo completed a Master of Public Policy at the School of Public Affairs at the University of California, Los Angeles, and a PhD in City and Regional Planning at the University of California, Berkeley. He was Assistant Professor of Urban Planning at the University of Hong Kong from 2009 to 2012, visiting scholar at the Universidad Nacional Autonoma de Mexico in 2015, visiting researcher at Sciences Po Paris from 2023-2024, and a fellow of the Paris Institute of Advanced Studies from 2024-2025.

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SELECTED PUBLICATIONS

Meaningful Action: Evaluating Local Government Plans to Affirmatively Furthering Fair Housing in California. Monkkonen, Paavo, Aaron Barrall, and Aurora Echavarria. 2024. Housing Policy Debate, forthcoming.

Built out cities? A new approach to measuring land use regulation. Monkkonen, Paavo, Michael Manville, and Michael Lens. 2024. Journal of Housing Economics, forthcoming.

Do Land Use Plans Affirmatively Further Fair Housing? Measuring Progress. Monkkonen, Paavo, Michael Lens, Moira O’Neill, Christopher Elmendorf, Greg Preston and Raine Robichaud. 2023. Journal of the American Planning Association, forthcoming.

The Heterogeneous Impacts of Widespread Upzoning: Lessons from Auckland, New Zealand. Cheung, William, and Edward Yiu. 2023. Urban Studies, 61(5), 943-967.

Does Discretion Delay Development? Manville, Michael, Paavo Monkkonen, Shane Phillips, and Nolan Gray. 2022. The Impact of Approval Pathways on Multifamily Housing’s Time to Permit. Journal of the American Planning Association, 89(3): 336-347.

Unwanted Housing: Localism and Politics of Housing Development. Manville, Michael, and Paavo Monkkonen. 2021. Journal of Planning Education and Research, 44(2): 685–700.

Opposition to Development or Opposition to Developers? Experimental Evidence on Attitudes towards New Housing. Monkkonen, Paavo, and Michael Manville. 2019. Journal of Urban Affairs, 41(8): 1123-1141.

Empty Houses across North America: Housing Finance and Mexico’s Vacancy Crisis. Monkkonen, Paavo. 2019. Urban Studies, 57(10): 2080-2097.

Where are property rights worth more? Assessing variation in the value of deeds across cities in Mexico Monkkonen, Paavo. 2016. World Development, 88: 67-78.

Do Strict Land Use Regulations make Metropolitan Areas more Segregated by Income? Michael Lens and Paavo Monkkonen. 2016. Journal of the American Planning Association, 82(1): 6-21.

Land Use Regulations and the Value of Land and Housing: An Intra-Metropolitan Analysis Kok, Nils, Paavo Monkkonen and John M. Quigley. 2014. Journal of Urban Economics, 81(3): 136–148.

Innovative Measurement of Spatial Segregation: Comparative Evidence from Hong Kong and San Francisco. Monkkonen, Paavo and Xiaohu Zhang. 2014. Regional Science and Urban Economics, 47(3): 99-11.

Land Use Regulations, Compliance, and Land Markets in Argentina Monkkonen, Paavo and Lucas Roconi. 2013. Urban Studies, 50(10): 1951-1969.

Housing Finance Reform and Increasing Socioeconomic Segregation in Mexico Monkkonen, Paavo. 2012. International Journal of Urban and Regional Research, 36(4): 757-772.

Economic Restructuring, Urban Growth, and Short-term Trades: The Spatial Dynamics of the Hong Kong Housing Market, 1992-2008 Monkkonen, Paavo, Kelvin SK Wong, and Jaclene Begley. 2012. Regional Science and Urban Economics, 42(3): 396-406.

The Demand for Land Regularization: Theory and Evidence from Tijuana, Mexico Monkkonen, Paavo. 2012. Urban Studies, 49(2): 270-287.

The Housing Transition in Mexico: Expanding Access to Housing Finance Monkkonen, Paavo. 2011. Urban Affairs Review, 47(5): 672-695.

Michael Manville

Michael Manville is Professor of Urban Planning at the UCLA Luskin School of Public Affairs. His research areas are transportation, land use, and housing, and the interrelationships between those. He has particular interests in road and parking pricing; the determinants of driving and transit use; and the influence of land use regulations on the supply and price of housing.

Dr. Manville’s research has been published in journals of planning, economics, urban studies, and sociology. He has received research funding from University Transportation Centers, from the John Randolph Haynes Foundation, and the TransitCenter, among others. He has consulted for developers, environmental groups, local governments, and the United Nations.

Dr. Manville has an MA and PhD in Urban Planning, both from UCLA Luskin. Prior to joining Luskin as a faculty member, he was Assistant Professor of City and Regional Planning at Cornell University.

Selected Publications

Manville, Michael, Mott Smith and Shane Phillips. 2025. The Consequences of Measure ULA: Some Clarifications. UCLA Lewis Center for Regional Policy Studies. August.

Manville, Michael and Mott Smith. 2025.  The Unintended Consequences of Measure ULA. UCLA Lewis Center for Regional Policy Studies. April.

Manville, Michael, Hannah King, Juan Matute and Theodore Lau. 2024. Neighborhood Change and Transit Ridership. Journal of Transport Geography. 121.

Manville, Michael. 2024. Induced Travel Estimation Revisited.  Report to the Southern California Association of Governments.

Monkkonen, Paavo, Michael Manville and Michael Lens. 2024. Built out Cities? A new approach to Measuring Land Use Regulation. Journal of Housing Economics. 63.

Manville, Michael, Paavo Monkkonen, Nolan Gray and Shane Phillips. 2024. Does Discretion Delay Development? Journal of the American Planning Association. 89(3): 336-347.

Manville, Michael, Paavo Monkkonen, Michael Lens and Richard Green. 2022. Renter Nonpayment and Landlord Response: Evidence from COVID-19Housing Policy Debate. 33:6, 1333-13.

Manville, Michael, Gregory Pierce and Bryan Graveline. Guardrails on Priced Lanes: Protecting Equity While PromotingEfficiency. Transportation Research Interdisciplinary Perspectives.

Manville, Michael, Brian Taylor, Evelyn Blumenberg, and Andrew Schouten. 2022. Vehicle Access and Falling TransitRidership: Evidence from Southern California. Transportation. 50, 303–329.

Manville, Michael and Miriam Pinski. 2021. The Causes and Consequences of Curb ParkingManagement. Transportation Research Part A. 152 (October): 295-307.

Manville, Michael.  2021. Liberals andHousing: A Study in Ambivalence. Housing Policy Debate. 33:4, 844-864.

Manville, Michael and Paavo Monkkonen. 2021. Unwanted Housing: Localism and the Politics of Development. Journal of Planning Education and Research. 44(2):685-700.

Gabbe, CJ, Michael Manville and Taner Osman. 2021. The Opportunity Cost of Parking Requirements. Journal of Transport and Land Use. 14(1):277-301

Manville, Michael. 2020. Roads, Pricesand Shortages: A Gasoline Parable. UCLA Institute of Transportation Studies Explanatory Essay. October 1.

Manville, Michael, Paavo Monkkonen, and Michael Lens. 2020. It’s Time to End Single Family Zoning. Journal of the American Planning Association. 86 (1); 106-112.

Manville, Michael. 2021. Value Capture Reconsidered. UCLA Lewis Center for Regional Policy Studies. June 17.

King, David, Michael Smart and Michael Manville. 2019. The Poverty of the Carless: Toward Universal Auto Access. Journal of Planning Education and Research. 42(3):464-481.

Manville, Michael and Emily Goldman. 2017.  Would Congestion Pricing Harm the Poor? Do Free Roads Help the Poor? Journal of Planning Education and Research.

Manville, Michael and Taner Osman. 2017. Motivations for Growth Revolts: Discretion and Pretext. City and Community. 16(1):66-85.

Manville, Michael. 2017. Travel and the Built Environment: Time for Change. Journal of the American Planning Association. 83(1): 29-32.

Manville, Michael. 2017. Bundled Parking and Vehicle Ownership: Evidence from the American Housing Survey. Journal of Transport and Land Use. 10(1): 27–55

Michael Lens

Michael Lens is Professor of Urban Planning and Public Policy, Chair of the Luskin Undergraduate Programs, and Associate Faculty Director of the Lewis Center for Regional Policy Studies. Professor Lens’ research and teaching explore the potential of public policy to address housing market inequities that lead to negative outcomes for low-income families and communities of color. This research involves zoning and land use, segregation, housing subsidies, and eviction. Professor Lens regularly publishes this work in leading academic journals and his research has won awards from the Journal of the American Planning Association and Housing Policy Debate.

His book Where the Hood At: Fifty Years of Change in Black Neighborhoods, was published in November 2024 by the Russell Sage Foundation. (Amazon) (Russell Sage – use promo code Lens for 20% off).

In ongoing research, Professor Lens is using microdata to study housing mobility, whether and how accessory dwelling units are affecting housing costs, and how planning reforms in California are achieving fair housing outcomes.  

Professor Lens’s research has received funding from the MacArthur Foundation, Arnold Ventures, the U.S. Department of Housing and Urban Development, the Hilton Foundation, and Wells Fargo, among other sources.

Professor Lens teaches courses on quantitative analysis, poverty and inequality, community development, housing policy, and research methods.

For an appointment, please send an email to mlens@ucla.edu.

SELECTED BOOKS & PUBLICATIONS

Book: Where the Hood At: Fifty Years of Change in Black Neighborhoods, was published in November 2024 by the Russell Sage Foundation. (Amazon) (Russell Sage – use promo code Lens for 20% off).

Zoning, Land Use, and the Reproduction of Urban Inequality. Annual Review of Sociology 48 (1): 421–39. https://doi.org/10.1146/annurev-soc-030420-122027 

Built-Out Cities? How California Cities Restrict Housing Production through Prohibition and Process. Journal of Housing Economics 63, 101982. 

With Paavo Monkkonen and Michael Manville https://doi.org/10.1016/j.jhe.2024.101982

It’s Time to End Single-Family Zoning
Journal of the American Planning Association
With Michael Manville and Paavo Monkkonen
https://doi.org/10.1080/01944363.2019.1651216.

Renter Nonpayment and Landlord Response: Evidence From COVID-19. Housing Policy Debate 33(6), 1333–1367. 

With Michael Manville, Paavo Monkkonen and Richard Green. 

https://doi.org/10.1080/10511482.2022.2085761.   

Public Policies To Address Residential Segregation And Improve Health. Health Affairs. 

With Justin Steil

https://www.healthaffairs.org/do/10.1377/hpb20230321.466701/full/  

Extremely Low-Income Households, Housing Affordability and the Great Recession
Urban Studies 55(8): 1615-1635
http://dx.doi.org/10.1177/0042098016686511

Spatial Job Search, Residential Job Accessibility, and Employment Outcomes for Returning Parolees
Demography 54: 755-800
With Naomi Sugie
http://dx.doi.org/10.1007/s13524-017-0549-3

Job Accessibility Among Housing Subsidy Recipients
Housing Policy Debate 24(4): 671-691
Best Paper of 2013-14, Housing Policy Debate
https://doi.org/10.1080/10511482.2014.905966

The Limits of Housing Investment as a Revitalization Tool: Crime in New York City
Journal of the American Planning Association 79(3): 211-221
Best Article of 2014, Journal of the American Planning Association
https://doi.org/10.1007/s13524-017-0549-3 

American Murder Mystery Revisited: Do Housing Voucher Households  Cause Crime?
Housing Policy Debate, 22(4): 551-574
https://doi.org/10.1080/10511482.2012.697913