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Cross-border property investment by Asians surged to $eight.6 billion in the first quarter, the most energetic start to a yr since institutions in the area began a major push into overseas real property in 2013, CBRE Group Inc. After getting his PhD, Saiz was hired in 2003 as an assistant professor at the University of Pennsylvania's Wharton College; in 2012, he joined MIT, the place he's the Daniel Rose Associate Professor of City Economics and Real Estate.