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DLA Piper Global Real Estate Summit 2008
WHAT COMES NEXT? OPPORTUNITIES, RISKS AND REWARDS
Tuesday, September 23, 2008
Printable Schedule
| Session |
Time |
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CONTINENTAL BREAKFAST AND REGISTRATION
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7:30 a.m. – 8:30 a.m. |
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WELCOME AND OPENING REMARKS
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8:30 a.m. – 8:45 a.m. |
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KEYNOTE PERSPECTIVES: Is It Time to
Get Back on the Train?
Sam Zell, Chairman
Equity Group Investments
Peter D. Linneman, Ph.D.
Albert Sussman Professor of Real Estate
The Wharton School of Business |
8:45 a.m. – 9:30 a.m. |
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PLENARY SESSION: Deal Making in a Recovering Market
Randall K. Rowe, Chairman
Green Courte Partners
Douglas T. Linde, President
Boston Properties
Roy H. March, CEO
Eastdil Secured
Richard B. Saltzman, President
Colony Capital
Martin E. Stein Jr., Chairman & CEO
Regency Centers Corporation
Please e-mail Roy March at rmarch @ eastdilsecured .com for a copy of this session's presentation. |
9:40 a.m. – 10:40 a.m. |
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| CONCURRENT SESSIONS |
11:00 a.m. – 12:00 p.m. |
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Global Investment: Where Are the Dollars Flowing?
Dale Anne Reiss, Global & Americas
Director of Real Estate
Ernst & Young
Cia C. Buckley, Partner
Dune Capital Management LP
Barbara A. Knoflach, CEO
SEB Asset Management AG
Marcus Lee, Director, Commercial
Operations & Building Projects
Nakheel PJSC
Tae-Sik Yoon, Managing Director & CFO
J.E. Robert Companies |
11:00 a.m. – 12:00 p.m. |
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Decoding the Signals from the Retail World
Kylie Rampa, Head of Real Estate Capital North America
Macquarie Real Estate
John Bucksbaum, Chairman & CEO
General Growth Properties
Kathleen M. Nelson, President
KMN Associates, Inc.
Richard S. Sokolov, President & COO
Simon Property Group
Donald C. Wood, President & CEO
Federal Realty Investment Trust |
11:00 a.m. – 12:00 p.m. |
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LUNCH AND PRESENTATION: Stay Red? Go Blue? What November 4 Will Tell Us
Peter C. Roberts, CEO, Americas
Jones Lang LaSalle
The Honorable Jack Kemp
Former US Secretary of Housing
& Urban Development
Founder & Chairman
Kemp Partners
Senator George J. Mitchell, Global Chairman
DLA Piper
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12:00 p.m. – 2:00 p.m. |
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| CONCURRENT SESSIONS |
2:15 p.m. – 3:15 p.m. |
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The Next Cycle—What Is the Market Telling Us?
Dorothy L. Alpert, US Real Estate Leader
Deloitte LLP
John C. Cushman III, Chairman of the Board
Cushman & Wakefield
Larry P. Heard, President & CEO
Transwestern
Gregory P. O’Brien, CEO of Brokerage, Americas
Jones Lang LaSalle
Joseph W. Sprouls, Managing Director
Global Head, Citi Realty Services
Citigroup, Inc. |
2:15 p.m. – 3:15 p.m. |
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Where’s My Promote?
Stephen R. Quazzo, CEO
Transwestern Investment Co.
Marc L. Davidson, Managing Director
AEW Capital Management
William C. Green, Managing Director
Starwood Capital Group
Lee S. Neibart, Senior Partner
Apollo Real Estate Advisors
Daniel G. Goelz, Partner, Investments
Capri Capital Partners |
2:15 p.m. – 3:15 p.m. |
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| CONCURRENT SESSIONS |
3:30 p.m. – 4:30 p.m. |
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The Many Moving Parts of Urban Markets
Robert B. Bellinger, President
ASB Capital Management
Bruce A. Beal, Jr., Executive Vice President
Related Companies
William H. Hudnut III, Senior Resident Fellow
The Urban Land Institute
Victor B. MacFarlane, Chairman & CEO
MacFarlane Partners
Daniel T. McCaffery, President
McCaffery Interests
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3:30 p.m. – 4:30 p.m. |
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The Office Market: How to be Ready When the Buyers Return
Donald A. Miller, CEO & Director
Piedmont Office Realty Trust
Philip A. Belling, Managing Principal
LBA Realty
Michael H. Newman, President & CEO
Golub & Company
Leo F. Wells III, President & CEO
Wells Real Estate Funds
Casey R. Wold, Senior Managing Director
Tishman Speyer
| 3:30 p.m. – 4:30 p.m. |
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PLENARY SESSION: The Outlook for Capital
Bruce R. Cohen, CEO
Wrightwood Capital
Lawrence L. Gray, Head of Real Estate Investment Banking & Principal Finance
Wachovia Securities
Michael J. Graziano, Managing Director
Goldman, Sachs & Co.
Lonny Henry, Vice Chairman of
Investment Banking
J.P. Morgan Securities
Daniel B. Rubock, Senior Vice President
Moody’s Investors Service
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4:40 p.m. – 5:40 p.m. |
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| COCKTAILS AND CONVERSATION |
5:45 p.m. to 8:00 p.m. |
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KEYNOTE PERSPECTIVES
8:45 a.m. – 9:30 a.m.
Is It Time to Get Back on the Train?
Sam Zell usually has the answers. But Peter Linneman will be asking him some tough questions: Where are we? Where are we going? When will deal flows begin again? Their dialogue will frame a day of frank give-and-take about opportunities, risks and rewards that will arise as we try to rebuild market momentum.
Speakers
Sam Zell, Chairman
Equity Group Investments
Peter D. Linneman, Ph.D.
Albert Sussman Professor of Real Estate
The Wharton School of Business
PLENARY SESSION
9:40 a.m. – 10:40 a.m.
Deal Making in a Recovering Market
A panel with wide focus – development, private equity, retail and REITs – will assess the state of play in the real estate market as buyers and sellers try to reconcile yesterday’s prices with today’s capital issues.
Moderator
Randall K. Rowe, Chairman
Green Courte Partners
Speakers
Douglas T. Linde, President
Boston Properties
Roy H. March, CEO
Eastdil Secured
Richard B. Saltzman, President
Colony Capital
Martin E. Stein Jr., Chairman & CEO
Regency Centers Corporation
CONCURRENT SESSIONS
11:00 a.m. – 12:00 p.m.
Global Investment: Where Are the Dollars Flowing?
Driven by a variety of objectives – diversification, long-term value and superior returns – real estate increasingly draws capital across international borders. Which markets are favored today? Our panelists, all of whom are involved in finding and creating above-market value in diverse settings, will share their thoughts about that question.
Moderator
Dale Anne Reiss, Global & Americas Director
of Real Estate
Ernst & Young
Speakers
Cia C. Buckley, Partner
Dune Capital Management LP
Barbara A. Knoflach, CEO
SEB Asset Management AG
Marcus Lee, Director, Commerical
Operations & Building Projects
Nakheel PJSC
Tae-Sik Yoon, Managing Director & CFO
J.E. Robert Companies
Decoding the Signals from the Retail World
Consumer spending has stalled. Gas prices have zoomed. Retail vacancies have increased for 11 straight quarters and retailer bankruptcies are on the rise. Where is it all headed? Leaders of the major shopping center companies in the United States, and those in the know on the capital markets challenges, will sort out the factors shaping the future of the retail market.
Moderator
Kylie Rampa, Head of Real Estate Capital North America
Macquarie Real Estate
Speakers
John Bucksbaum, Chairman & CEO
General Growth Properties
Kathleen M. Nelson, President
KMN Associates, Inc.
Richard S. Sokolov, President & COO
Simon Property Group
Donald C. Wood, President & CEO
Federal Realty Investment Trust
LUNCH AND PRESENTATION
12:00 p.m. – 2:00 p.m.
Stay Red? Go Blue? What November 4 Will Tell Us
Part of the uncertainty in the market stems from the impending change of control in the executive branch of government. During Summit 2008 exactly six weeks prior to Election Day, you will hear experts from both parties as they evaluate how the outcome of the presidential contest is likely to affect the business climate in the United States and abroad.
Moderator
Peter C. Roberts, CEO, Americas
Jones Lang LaSalle
Speakers
The Honorable Jack Kemp
Former US Secretary of Housing
& Urban Development
Founder & Chairman
Kemp Partners
Senator George J. Mitchell, Global Chairman
DLA Piper
CONCURRENT SESSIONS
2:15 p.m. – 3:15 p.m.
The Next Cycle—What Is the Market Telling Us?
As the real estate markets move into the next cycle, owners, tenants and other users will seek guidance from their trusted real estate advisors. Our panel of leading advisors and brokers, plus one of the largest space users in the world, will analyze what they’ve been hearing in the market and where they believe we are headed in the coming months.
Moderator
Dorothy L. Alpert, US Real Estate Leader
Deloitte LLP
Speakers
John C. Cushman III, Chairman of the Board
Cushman & Wakefield
Larry P. Heard, President & CEO
Transwestern
Gregory P. O’Brien, CEO of Brokerage, Americas
Jones Lang LaSalle
Joseph W. Sprouls, Managing Director
Global Head, Citi Realty Services
Citigroup, Inc.
Where’s My Promote?
For experienced fund sponsors, raising capital is not a problem. But finding the right assets to generate returns for investors is a challenge that has confounded sponsors since mid-2007. We look to leaders of top funds for a diagnosis of the issues facing real estate funds and a prescription for their future.
Moderator
Stephen R. Quazzo, CEO
Transwestern Investment Co.
Speakers
Marc L. Davidson, Managing Director
AEW Capital Management
William C. Green, Managing Director
Starwood Capital Group
Lee S. Neibart, Senior Partner
Apollo Real Estate Advisors
Daniel G. Goelz, Partner, Investments
Capri Capital Partners
CONCURRENT SESSIONS
3:30 p.m. – 4:30 p.m.
The Many Moving Parts of Urban Markets
Doing a project in an urban setting is always challenging. Higher construction costs, more diverse competition and, today, the slumping condo market are among the obstacles. But the rewards are greater also. Our panelists have all heard the applause that comes when a neighborhood revives or a city gains a showplace.
Moderator
Robert B. Bellinger, President
ASB Capital Management
Speakers
Bruce A. Beal, Jr., Executive Vice President
Related Companies
William H. Hudnut III, Senior Resident Fellow
The Urban Land Institute
Victor B. MacFarlane, Chairman & CEO
MacFarlane Partners
Daniel T. McCaffery, President
McCaffery Interests
The Office Market: How to be Ready When the Buyers Return
Many owners of office properties continue to hold the line on pricing, though there have been relatively few buyers. Some are putting the waiting time to good use with property-improvement programs as a hedge against a market-wide repricing, should that come. Others are using the lull in the market to create “green” projects that may be a driving force in the next cycle. Expect to hear those and other strategies debated by our panel of office-sector thought leaders.
Moderator
Donald A. Miller, CEO & Director
Piedmont Office Realty Trust
Speakers
Philip A. Belling, Managing Principal
LBA Realty
Michael H. Newman, President & CEO
Golub & Company
Leo F. Wells III, President & CEO
Wells Real Estate Funds
Casey R. Wold, Senior Managing Director
Tishman Speyer
PLENARY SESSION
4:40 p.m. - 5:40 p.m.
The Outlook for Capital
There are signs of a thaw in the credit freeze, as banks begin to offer modest
discounts to sell some of the billions of dollars of mortgages and CMBS paper that have jammed their balance sheets and hampered their ability to make fresh loans. Next up? New regulations on investment banks and revised underwriting standards. What are those likely to be?
Moderator
Bruce R. Cohen, CEO
Wrightwood Capital
Speakers
Lawrence L. Gray, Head of Real Estate Investment Banking & Principal Finance
Wachovia Securities
Michael J. Graziano, Managing Director
Goldman, Sachs & Co.
Lonny Henry, Vice Chairman of Investment Banking
J.P. Morgan Securities
Daniel B. Rubock, Senior Vice President
Moody’s Investors Service
COCKTAILS AND CONVERSATION
5:45 p.m. to 8:00 p.m.
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The results of the 2008 State of the Market Survey results have been released. Visit the 2008 Survey Results page to download a PDF copy.
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