Real Estate Review Authors

Joshua Buch

Professor of Finance
La Salle University

Dr. Buch has an MBA from Temple University in Philadelphia, and a PhD in International Business from The Wharton School of Applied Economics, The University of Pennsylvania.


Dr. Buch is a Professor of Finance at La Salle University, Philadelphia. He served as the Finance Department Chairperson for eight years, and is currently the coordinator of the Minor in International Studies. He is teaching International Business, Global Finance, and Financial Markets and Institutions both on the undergraduate and graduate levels.


His recent research and professional activities centers around mortgage and housing related issues such as the possible causes of the recent sub-prime crisis, mortgage origination fees, the various aspects of the APR, EU mortgage and housing related issues such as the Irish Housing Bubble and the Greek financial crisis. Articles on these topics were published in Real Estate Review, Real Estate Finance Journal, International Journal Of Bank Marketing, Management International Review, and other publications.

John Carlisi

Co-Founder, Chairman, and CEO
Neighborhood Development Collaborative

John Carlisi is a co-founder, Chairman, and CEO of the Neighborhood Development Collaborative which was founded in 1878. The Collaborative is an unusual nonprofit organization because it has adopted a business model approach to affordable housing and community development. It concentrates on working-class and mixed-income rental housing. Since 1993, the Collaborative has developed or preserved 21 residential properties in 14 cities throughout the United States with 4,275 units having a value in excess of $200 million.


He has a Bachelor of Arts degree in Economics and Mathematics from the City University of New York and a Master of Business Administration in Quantitative Analysis from the Stern School at New York University. He is a member of the Affordable Housing Advisory Council of the Federal Home Loan Bank of San Francisco.

Nancy Conk


Nancy Conk is a consultant with an extensive background in affordable housing development and financing. With nearly 20 years of experience as an Executive Director and CEO of non-profit housing development organizations, she has expertise in all aspects of affordable housing development. Her professional career also includes community development lending as a relationship manager for a major national bank. Her development experience includes multi-family rental, single family subdivisions, condominium and mobile home park developments.


Nancy is actively engaged in affordable housing and community development policy and legislative advocacy. The ability to development much needed affordable housing requires housing policies that create a positive environment for development. Her advocacy work has been on the local, State and Federal levels, both directly on behalf of the organizations for which she has worked, as well as through organizations on whose Boards she has served and of which she has been a member.

Nancy has a B.A. from Dunbarton College, Washington, D.C.; an Alliance Francaise, Paris, Diplome Superieur; and a Diploma, Real Estate Investment Analysis, New York University. She has been a member of the Board of Directors of California Coalition for Rural Housing since 1996 and is also currently serving on the Boards of Southern California Association for Non-Profit Housing (SCANPH) and the Ventura county Housing Trust Fund.

Deborah M. Gray, Ph.D.


Dr. Deborah M. Gray is a Full Professor of Marketing in the College of Business at Central Michigan University. She earned a B.S. in Marketing from Ferris State University, a M.B.A. from Central Michigan University, and a Ph.D. from Royal Holloway College, University of London. Dr. Gray teaches marketing strategy in the 25th ranked online CMU M.B.A. program and specializes in online and hybrid-teaching methodologies. Dr. Gray has been on the Board of Directors at the Michigan Make-A-Wish Foundation and has done small business consulting for over two decades. She has built 3 homes from various stages, and has been the general contractor for a number of her building projects She has done hundreds of DIY projects over the last 30 years.


Dr. Gray’s has published articles about marketing and HPPA, the accuracy of Wikipedia in the marketing discipline, and about assessment. Her future research interests lie in writing more about the DIY marketplace.

Professor and Director

Emil Malizia, Ph.D., FAICP, Professor and Director of the Institute for Economic Development, Department of City and Regional Planning, University of North Carolina at Chapel Hill.

Emil Malizia, Ph.D., FAICP, is Professor, Department of City and Regional Planning, and Director of the Institute for Economic Development at the University of North Carolina at Chapel Hill. His expertise spans the related areas of regional economic development, real estate development, and urban redevelopment. For over four decades, he has conducted research, taught graduate-level and in-service courses, and engaged in consulting for private, nonprofit, and public clients. His current research and practice focuses on vibrant centers in urban and suburban areas of the U.S.

Dr. Malizia is author or co-author of five books and over 160 scholarly articles, monographs, and other publications. During leaves, he has been a senior real estate adviser to a major life company, a visiting professor, a special assistant in federal service, and a Fulbright Senior Scholar. He is a fellow member of the American Institute of Certified Planners and the American Real Estate Society, and a member of the American Planning Association, the International Economic Development Council, NAIOP, and the Urban Land Institute. He received his baccalaureate from Rutgers University and his Master’s and doctoral degrees from Cornell University.

Janet Paraschos

Freelance Writer

Janet Paraschos has worked for the Minneapolis Tribune (now Minneapolis Star-Tribune), Mediascan of America, and American Preservation magazine, where she was assistant editor and wrote about historic homes and neighborhoods throughout the United States.


She was co-owner of an interior design company in the Boston area from 2000-2013, but left the company and has returned to freelance writing. She has retained an active interest in historic properties and home design.


Janet has an M.A. from the University of Missouri School of Journalism.

Kenneth Rhoda

Associate Professor of Finance
La Salle University

Dr. Rhoda received a BS in Business Economics from Utica College of Syracuse University and an MA and PhD in Economics from SUNY Buffalo. He began his academic career as an Assistant Professor in the Economics Department at Rutgers University in New Brunswick, NJ. He then came to La Salle University in Philadelphia as a member of the Finance Department. He served as Department Chair for four years and is currently an Associate Professor of Finance.


Dr. Rhoda currently teaches undergraduate and MBA courses in Financial Markets, Financial Institution Management and Investment Analysis. He also is the faculty advisor to the University’s Investment Club.


His research interests include financial markets, especially those involving mortgages, and market efficiency, particularly in wagering markets. Recent publications appeared in The Real Estate Review, Real Estate Finance Journal, Journal of Bank Marketing, The Journal of Financial Research and others.

Stephen Roulac, Ph.D.

Real Estate Strategy Advisor & Author

The leading authority on the economic productivity and strategic importance of places in which we live and work, Stephen Roulac bridges construction sites and high finance, the academy and the boardroom, intellectual innovation and entrepreneurism, with deep experience in strategy, valuation investing, technology and innovation.

Stephen is an active adviser to and investor in new ventures that emphasize connections to the themes of place choice, enhancing peoples choices and experiences of places, and the New Property Paradigm, which embraces those thought leaders, entrepreneurs, and innovative enterprises that enhance place experiences and transform the delivery of property goods and services. Dr. Roulac and his team are often retained as litigation consultants for high-stakes, can’t-afford-to-lose lawsuits concerning valuation, finance, securities, real estate, business practices, and fiduciary duty.

He has combined his entrepreneurial and advisory roles with an active academic career, having held faculty positions at Stanford, Berkeley, and University of Ulster, and being a highly productive researcher, as his research much of it adapted from and stimulated by his entrepreneurial and advisory roles has been ranked in several studies as #1, 2, 3, or 4 of as many as 4,000+ real estate scholars from 70+ countries.

Alan Ruby

Senior Architect & Senior Editor
Fentress Incorporated

Alan S. Ruby is a Senior Editor for the Real Estate Review. He presently manages the Architectural Services Division of Fentress Incorporated, a Washington D.C. area based real property planning firm providing architectural and analytical services to the Federal Judiciary, General Services Administration, and other federal government agencies.


Mr. Ruby has more than 30 years professional experience practicing with large international architectural firms including the Omaha, Nebraska office of Leo A. Daly, and major U.S. corporations including Mutual of Omaha and Pacific Bell. He studied Architecture and Urban Design as an undergraduate at the Ohio State University and holds a Masters Degree in Regional Resource Planning from the University of Wisconsin, Madison.


Throughout his career, Mr. Ruby has utilized his combined background in architecture and planning to look beyond the individual building and focus on the urban fabric. He has applied this interest to projects such as new cities in Saudi Arabia, U.S. Military bases in Europe, and infill redevelopment in American cities. Mr. Ruby is an avid scuba diver and cyclist, and a long-time collector of modern art.

Nancy J. White, J.D.

Professor & Chair

Nancy J. White, J.D. is a Full Professor and Chair of the Department of Finance and Law, Central Michigan University. She received a B.S. from California State University, Long Beach in Criminal Justice and a Juris Doctorate from Loyola Law School, Los Angeles, California. She practiced law for approximately thirteen years prior to becoming a college professor. She currently teaches in the areas of business law, real estate law, and construction law. She is a member of the state bars of California, Texas, Maine, and the District of Columbia.


Professor White’s main research interests are in the area of construction and real estate law. She clerked for the United States Court of Claims, Washington D.C. for her sabbatical in 2008.