Master of Real Estate Development Receives Final Approval From UC The one-year degree program will stress instruction on the ethical underpinnings of a growing profession

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By Stan Paul and Les Dunseith

Beginning in the fall of 2025, the UCLA Luskin School of Public Affairs will enroll students in a new Master of Real Estate Development, or MRED, program.

“We are delighted and excited to receive approval for the MRED, which we envision as building a better future for our cities,” said Interim Dean Anastasia Loukaitou-Sideris, distinguished professor of urban planning. “We see the MRED as a transformative opportunity to train and diversify a new generation of real estate professionals who can best respond to the needs for more and more affordable housing, climate-adaptive and green-building technologies, and age-friendly developments.”

The Office of the President of the University of California notified the Luskin School of the degree’s final approval on Jan. 23. It has been working its way through the approval processes at UCLA and UC for about two years.

Led by Vinit Mukhija, a professor and former chair of urban planning, the program will be a one-year, full-time, self-supporting degree program that emphasizes the ethical underpinnings of a growing profession.

Mukhija said urban real estate development is “one of the most powerful forces shaping buildings, neighborhoods, cities and their suburbs, and metropolitan regions.

“From planning to finance to design, development decisions about what to build and where to build influence equity and urban sustainability in ways that are often neglected in traditional real estate development programs.”

 “Success in real estate development will require a nuanced understanding and ethical response to underlying environmental and social challenges.” —Professor Vinit Mukhija

The MRED will provide key practical skills, integrating students into real-world development projects. It will take advantage of UCLA’s location in the nation’s second-largest city, Los Angeles.

Mukhija also noted the profound role that development has in addressing global grand challenges.

“Success in real estate development will require a nuanced understanding and ethical response to underlying environmental and social challenges,” he said.

Coursework will be led by faculty experts from UCLA Urban Planning, the Anderson School of Management and UCLA Law. An inaugural class of 25 students is expected, growing to about 40 students in the program over time. 

The MRED will be a full-time (44 units minimum), primarily on-campus program spanning 11 months, with students in residence during the fall, winter and spring quarters, which is consistent with other real estate development programs in the United States. 

Applicants to the MRED program at UCLA Luskin must possess a bachelor’s degree or equivalent. At least two years of experience in real estate, urban development or a related field is preferred. 

Unlike other real estate development programs, Mukhija said the UCLA program will be distinguished with an Urban Development core requirement that situates the MRED program’s training within the broader terrain of urban governance and urban life, including the challenges and opportunities presented by concerns about equity and sustainability.

Mukhija expects that many of the applicants will be mid-career professionals who are not typically served by state-supported programs. A significant share of international applicants is anticipated, with some coming from countries with growing urbanization rates and thus facing  new challenges relating to urban growth.

In addition, the program proposes to prepare real estate development professionals who understand the fundamentals of development, as well as the context of urban development and the effect of real estate and urban development on urban life and economic opportunities.

Senate faculty will teach at least 30% of the courses, joined by distinguished and innovative real estate and urban development practitioners. These industry experts with practical experience in real estate will provide the development and experiential knowledge that is “crucial and essential for the holistic, integrative perspective that we intend to cultivate in our students,” according to the documentation prepared by UCLA Luskin in support of the program. 

Although situated within UCLA Luskin Urban Planning, coursework will also touch upon issues taught in the School’s social welfare, public policy and public affairs degree programs, which share a common thread of social justice and a desire to make society better. And the Lewis Center for Regional Policy Studies based at UCLA Luskin will play a role in the research component.

In addition to conducting research on real estate and urban development, the MRED students will receive training to become real estate development professionals who can recognize and address the challenges of inclusive urbanization.

“It’s part of our mission,” Mukhija said.

On the CSU Picket Line, Anger Over Pay Gap

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An LAist article on a strike by California State University faculty called on Urban Planning Professor Chris Tilly for insights on equitable pay. The strike by the union representing 29,000 coaches, counselors, lecturers, librarians and professors led to a tentative agreement after one day. However, many of the union members remain indignant over the salaries awarded to top executives — including the CSU chancellor’s compensation package, which is worth nearly $1 million and includes a $96,000 annual housing allowance. The stark pay gap between workers and executives is an issue across many labor sectors, Tilly said. “I think it’s a disgrace that the gap is that big. But I would not put that just on the CSU,” he said. “CEO pay is completely out of control. I think that it sort of spilled over to higher education, with the private higher education institutions in the lead.”

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A ‘Generation-Altering Moment’ in the Homelessness Crisis

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Marques Vestal, assistant professor of urban planning at UCLA Luskin, spoke to Capital B about an upcoming U.S. Supreme Court case that will determine whether people experiencing homelessness can be issued jail time, tickets and fines for sleeping on the streets, even if there are no shelter alternatives available to them. If the court decides to uphold laws that target the unhoused, “it will be a generation-altering moment in urban history where cities are going to be able to enforce constitutional removal and displacement,” said Vestal, whose research includes the underlying causes of Black homelessness in Los Angeles. “We’re supposed to put people from encampments into either temporary or permanent housing. Instead, we’ll lose most of those people,” he said. “This will lead to a new regime of debt, and for Black folks, debt is always some kind of leverage for some other burying harm.”

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Lingering Impact of the Shelved 710 Freeway Project

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Research led by Paul Ong, director of the Center for Neighborhood Knowledge at UCLA Luskin, will help guide a master plan for rebuilding Pasadena neighborhoods razed decades ago to make way for the 710 Freeway extension, a project that has now been abandoned. Pasadena Now covered Ong’s presentation before a city task force considering the future of the undeveloped acreage the size of 40 football fields, once the site of 1,500 homes occupied by mostly low-income and minority residents. Ong’s team will assess the historical impact of freeways on segregation in Pasadena by examining census data, policies and practices over more than seven decades. The 710 Freeway project came “at a juncture in our history that involved struggles around civil rights, around suburbanization of white flight, around post-industrial development and around immigration-driven demographic changes,” Ong told the task force. “Freeway development … occurs within a larger context, a societal transformation.”

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Modernizing Zoning Laws as Population Expands

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Michael Lens, associate professor of urban planning and public policy, spoke to the Post and Courier about land use and zoning ordinances at the center of a dispute over a South Carolina turkey-shoot business. A neighbor’s complaint about the business — which invites customers to shoot at targets, with a turkey awarded to the best marksman —prompted a review of zoning decisions made decades ago. The turkey shoot was found in compliance with the law, which did not require a buffer between the gunfire and other properties and did not regulate hours of operation. But officials were left to ponder how to preserve the county’s character amid a rapidly growing population. The episode casts light on recurring frictions over land use ever since the U.S. began to rapidly suburbanize in the 1940s and 1950s. Governments have grappled with how to modernize zoning regulations to accommodate more development, Lens said. “It just involves a lot of trade-offs.”

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Political Courage Is Key to Curing Traffic Ills, Manville Says

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UCLA Luskin Urban Planning chair Michael Manville spoke to the Los Angeles Times about plans to tap into artificial intelligence to find ways to make California’s roads safer and less congested. Caltrans is asking tech companies to pitch generative AI tools that could analyze immense amounts of data quickly, perhaps helping the state’s traffic engineers make decisions on signal timing and lane usage. Manville said that the problem is not a lack of data-backed solutions but rather a lack of political courage to put existing solutions, such as congestion pricing, into play. “If you want to make cities safer for pedestrians, if you want to lower speeds, if you want to deal with congestion in a meaningful way, technology is not going to rescue you from difficult political decisions,” he said.

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Career, Wellness and Networking Opportunities at UCLA Luskin

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UCLA Luskin students will have several opportunities to map out their professional journeys, focus on health and wellness, and engage with the School’s alumni over three special weeks during the winter quarter:

  • Career Week, Jan. 22-25, will allow students to explore fellowships and jobs in the fields of government, racial justice and community organizing. A special session for undergraduates will offer tips on how to apply and interview for the yearlong internships that are a signature part of the public affairs major. LEARN MORE ABOUT CAREER WEEK
  • Student Services Week, Feb. 5-8, will help students navigate the array of student support programs offered by UCLA. In addition to a wide-ranging resource fair, individual sessions will focus on legal counseling and financial wellness, and a “paint and sip” event will allow students to de-stress through creative expression and community-building. LEARN MORE ABOUT STUDENT SERVICES WEEK
  • Alumni Engagement Week, Feb. 20-24, includes opportunities for students to network with alumni from all departments. In winter quarter, panels will feature LGBTQ+ and international alumni, as well as those who have completed the prestigious David Bohnett Fellowship at Los Angeles City Hall. Networking events exclusively for Luskin graduates will also take place. LEARN MORE ABOUT ALUMNI ENGAGEMENT WEEK

The events, all offered by the Luskin School’s Office of Student Affairs and Alumni Relations (OSAAR), complement services provided throughout the year to support students’ career development and emotional and mental well-being. These range from one-on-one counseling to major initiatives such as the Senior Fellows Progam, which pairs graduate students with prominent mentors in the public affairs sphere, and City Hall Day, an opportunity to gather in downtown Los Angeles to discuss pressing issues with government and civic leaders.

Career, Student Services and Alumni Engagement weeks will return in spring quarter.

View the UCLA Luskin events calendar

four people in front of blue background

UCLA Luskin’s Office of Student Affairs and Alumni Relations is staffed by, from left, Nael Rogers (student support services), Nandini Inmula (career services), Karina Mascorro (alumni engagement) and Kevin Medina (director). Photo by Les Dunseith

 

Moving Away From Public Transit’s Commuter Focus

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Brian Taylor, director of the UCLA Institute of Transportation Studies, spoke to the Canadian Press about Ottawa’s transit system, once a model of innovation but now facing low ridership and budget woes. Taylor, a professor of urban planning and public policy at UCLA Luskin, recalled attending a lecture about Ottawa’s transit success when he was a student in the 1980s. “Ottawa and Adelaide, Australia, were sort of the poster children for looking at a more cost-effective way to provide the metro-like service, but with less expensive buses,” he said. For decades, many people worked and studied in a concentrated area in downtown Ottawa, and the buses ferried riders on a transitway set apart from congested roads. Post-pandemic, transit systems would be wise to cater to communities rather than commuters, Taylor said. “The spatial and temporal characteristics of demand for transit are changing. It’s less downtown-centered, and more sort of moving from place to place,” he said.

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Preparing Schools for a Warming World

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Education Week put a spotlight on a UCLA Luskin Center for Innovation (LCI) policy forum focused on protecting schools and students from extreme heat. “For some students, school might be the only time where they get a chance to cool off during the day,” said V. Kelly Turner, associate director of LCI, during the conversation with partners from the nonprofits Ten Strands and UndauntedK12. Schools must act now to prepare for a warming world, the panelists stressed. They laid out steps school districts can take to prepare for hotter days, including keeping classrooms under 80 degrees Fahrenheit; adding shade to schoolyards; developing emergency heat plans; and tapping into federal funding to upgrade energy systems. LCI also produced a resource kit offering further strategies for making schools more heat-resilient.

Read the Education Week story
Watch the LCI policy forum

 

Hurdles to Breaking Into the Housing Market

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A Washington Post article on millennials saving up to buy a home by living rent-free with family or friends cited José Loya, assistant professor of urban planning at UCLA Luskin. Record-high rental prices, along with student loan debt, car payments, child-care costs and other expenses, have tapped the finances of many young adults. Breaking into the housing market is particularly difficult for Black and Latino homebuyers, who have applied for mortgages at declining rates since the start of the pandemic, said Loya, who researches housing inequality. Such groups are disproportionately affected by rising home prices because they tend to have lower incomes. “They’re getting squeezed out,” he said. Loya also reviewed a Futuro Investigates project that found that financial institutions in New Jersey rejected Latino mortgage applicants at higher rates than their white counterparts between 2018 and 2022. Latinos who did get mortgages, meanwhile, paid higher interest rates than white borrowers on comparable home loans.

Read the Washington Post article