Summer 2023 Internships at CBRE, JLL, M&amp;M, C&amp;W, etc.
Hey everyone,

I am a junior in college and am trying to compile a list of summer internships for which I should apply. Mainly looking for a program at a national shop, and would prefer to be in Phoenix, Chicago, or Boston. I know that CBRE and JLL offer good summer programs, but I'm not sure when they open/close. Also, I'd appreciate any input from anybody who has done a summer internship like this! I definitely could find a more local one in my city but thought I'd try my best to get out and experience living in a bigger city for a few months. 

Thanks in advance!
[{"id": "imf5qcm", "text": "You gotta be way more specific than this. What exactly do you want out of the program, and why does it justify moving markets? Impossible to give advice without understanding if you\u2019re looking to work in leasing, investment sales, etc. and asset classes you\u2019re interested in. I\u2019d start giving this some thought - these are almost definite interview questions.", "replies": [{"id": "imfybp0", "text": "Relax, the kid is probably 19 years old. The fact that at his age he is even interested in CRE and going after internships a year out should be respected. No need to be so hardcore on him right off the bat\u2026 Lol", "replies": [{"id": "img8agi", "text": "Huh? For starters, juniors aren\u2019t 19, they\u2019re 21. I got asked all of the above for my acquisitions internship before going into senior year - better over prepared than under.\n\nJust so you know, those 10M NNN deals you\u2019re slinging around aren\u2019t \u201clarge\u201d. If the kid wants to play in the big leagues, having an idea of career interest, major players, etc. is critical to getting a foot in the door.\n\nTo OP, I\u2019d throw Eastdil, Berkadia and NKF on your list.", "replies": [{"id": "imh4fzt", "text": "You sound like a real joy to work with my man. Hope we never cross paths.", "replies": [{"id": "imkhn2l", "text": "A buddy of mine in the capital markets group of one of those firms (and I work at one of the OP's mentioned firms - not M&amp;M) just got his team of associates t-shirts with the words \"GET IT THE FUCK DONE\".\n\nNow, I'm kinder, but let's be real - CRE is not for those with thin skin, and that is true now more than ever with rising interest rates and rising inflation.  You need to know what you're doing. You need to get deals done FAST and you can't fuck it up.  \n\nAnd he is right $10MM is a small balance deal.  The international publicly traded CRE firm I work at only handles properties that size for their private wealth group.", "replies": [{"id": "iml9igb", "text": "Yeah, I work at one of them as well. You can work hard and run a tight ship and not be a dick head, they aren\u2019t mutually exclusive. More people in the industry need to learn that in my opinion. But if you\u2019re in the business of burning kids out in 1-2 years then that\u2019s your prerogative. I prefer to build a team that\u2019s not walking on eggshells. Seems to last longer in my experience.", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}, {"id": "imje6a2", "text": "Just turned 20 actually, and I do actually know what asset class and career path I'm leaning towards. Didn't know you'd require more specifics than an actual job application. I'm currently working on acquisitions of multifamily properties with a total company portfolio of over $4 billion. Let me know what firm you work for so I know to never apply there.", "replies": [{"id": "imkj97a", "text": "Multi-family is way oversaturated bro.  Don't do it.  The future is industrial.  It's not like inflation and major shortages will ever abate until domestic industrial manufacturing dramatically increases.  Industrial is the smart asset class to focus on.", "replies": [{"id": "iml1hs5", "text": "Industrial has always been an interest of mine too. Multifamily initially wasn\u2019t my goal, that\u2019s just where I landed this job. My city is a decent sized market, but not very many options as far as internships. But industrial is booming right now, and I\u2019d love to learn more about it and specialize in that if/when I make the jump to brokerage.", "replies": [{"id": "iobxytx", "text": "Just understand that our logistics infrastructure is designed to ship foreign goods to consumers, by and large.  We have nowhere near the infrastructure we had in 1950 to transport raw materials to factories and from factories finished goods.  Warehouses are where you have to start, just don't get greedy like the multi-family crew.  We're not quite there yet, but manufacturing will be a wide open space.", "replies": [], "depth": 7}], "depth": 6}], "depth": 5}, {"id": "imknkwb", "text": "They don\u2019t hire out of undergrad so you\u2019re good.   Nice humble brag, but if you have buy side experience why are you even posting? I\u2019d think you already know all the big brokerage shops", "replies": [{"id": "iml0xzf", "text": "Not trying to brag at all, just letting you know where I\u2019m at currently. I\u2019ve done a lot of research on the big shops, but I just wanted some guidance on which ones had internship programs and the timelines. It seems like the more I research, the more conflicting things I see, so I\u2019m just trying to figure out a plan for the future. I\u2019m very lost and it seems like many industry professionals are hesitant to give guidance or mentor college-aged students, at least in my experience. The CRE industry has really been my only interest, so it\u2019s discouraging to feel so lost at this point in my college career.", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}, {"id": "iwf0rup", "text": "I\u2019m literally a 4th year in uni and I\u2019m 20yrs old. Not everyones the same", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "imgngjx", "text": "I work at one of the firms above. Just so you know, many of these firms will flip your resume over to the location that your address is closest to if they see you\u2019re applying to multiple markets for the same position.\n\nReal estate is all about networking but for intern positions it\u2019s kind of a bit of luck. Our acceptance rate for our firm was like 5%, and the kids accepted were accepted purely off of resume and interview and not knowing someone. With that being known, I\u2019d recommend applying to a wide variety of firms. That way when next year comes around and it\u2019s time to get an internship/job, they can see you have real real estate experience, which will put you ahead of the pack.\n\nAlso, having real estate coursework or Argus certification would be a massive plus. See if your school can help you with that.\n\nApply in early fall. We select our summer interns by thanksgiving.", "replies": [{"id": "iqc01dm", "text": "I have my first interview at JLL, what should I say if I\u2019m lacking real estate experience ? (Only a junior in college). I\u2019m graduating early and getting my MBA and my past experience is finance heavy.", "replies": [{"id": "iqcyhu2", "text": "What position? Capital markets intern?", "replies": [{"id": "iqhza5i", "text": "Yes!", "replies": [{"id": "irjeuro", "text": "First, MBA in capital markets is useless. I don\u2019t know anybody at my firm with one.\n\nSecond, not to harp on the MBA thing, but I also hope to pursue an MBA at some point to get into Real Estate Private Equity or pivot out of real estate. Good advice I have been given about the MBA is that you only get one, so it\u2019s not always wise to do it straight after school in case you want to pivot later. Not to mention having work experience is maybe the most important factor in MBA admissions after GMAT. I don\u2019t know your situation and know a lot of people that have had success going straight into MBA from college, but just my 2 cents.\n\nAs far as your question about lacking real estate experience, not having an official internship or work isn\u2019t a huge deal, but you have to show some kind of real estate or at least finance interest. If your school offers ARGUS certification or you can take some real estate courses, that would be huge. Otherwise, just be honest as to why you don\u2019t have experience. Just found your passion for it? Or something like that. \n\nDo mind that CRE is a bit niche, so it can be difficult to pivot out of without starting as like a junior associate or analyst if you move sectors. Or get an MBA (hence the first 2 points)", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "imimqhq", "text": "Why are you focused on brokerages? Are you open to other cities? Biggest cities for CRE jobs imo are NYC, LA, and Dallas. All very different experiences and paths.", "replies": [{"id": "imjotsy", "text": "I'm currently working for a more investment-geared institution that also does a lot of REIT work. I ultimately just want to gain some brokerage experience, so I'm not too picky on the market. I just thought those cities that I listed might be easier to get into than NYC or LA.", "replies": [{"id": "imjuese", "text": "I\u2019d just recommend being open minded and not just focusing on the big names. Doing enough research to generate some conviction on your part about what would be a good place to intern would go a long way and would probably be more valuable than avoiding the harder places to break into. Why do you want to get into real estate? What motivates you/excites you the most? Have a strong idea about where you want to be long run?", "replies": [{"id": "imkmvlb", "text": "Also sage advice.  Too many people get into CRE for the money, but the days of easy money are gone.  The need for relationship skills are still there, but there is greater need for actual understanding of economics not merely financial modeling.", "replies": [], "depth": 4}, {"id": "iml1xxg", "text": "Trust me I\u2019m not too focused on just the big names, I just know that these National shops can provide really valuable experience in their summer programs, something that\u2019s really difficult to find in my local market.", "replies": [{"id": "imldp3y", "text": "True. Are you in Phoenix? Trammell Crow\u2019s team there is really good. I think they often pick up interns.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}, {"id": "imkjham", "text": "Keep in mind wherever you choose, you'll find it hard to relocate because of the relationships you've made.  I'm trapped in NYC and if I could make $500K in LA guaranteed next year, I'd transfer even if it's a pay cut.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "imj1udu", "text": "Relationships do matter, reach out to folks on LinkedIn. If you find an influencer that\u2019s your way in the job/internship you want!", "replies": [], "depth": 1}]