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A $3 million alumni gift will establish a new chaired professorship in real estate at the Anderson School of Management at the University of California at Los Angeles (UCLA), the school announced earlier this week.

The gift, from Howard Levine, a leader in the Southern California housing industry, and his wife Irene, will establish the Howard and Irene Levine Chair in Real Estate, Finance and Economic Policy. The endowment will fund ongoing research and teaching activities for a distinguished faculty member.