Articles from our
17th Global Real Estate Summit.
DLA Piper’s John Sullivan, Barbara Trachtenberg, and Paul Shadle discuss the firm’s recent Global Real Estate Summit and accompanying State of the Market Survey and resulting report, which analyzes the views of commercial real estate experts and leaders on post-pandemic recovery, economic outlook, attractiveness of investment markets, and overall real estate industry trends and expectations over the next 12 months. Listen to the podcast.
At DLA Piper’s 2022 Global Real Estate Summit, Judy Turchin, former Chief Operating Officer of Equinox and founder of JPT Partners, joined General James N. Mattis (Ret.) and General Kim Crider (Ret.) for an engaging discussion, against the backdrop of current world affairs, on leadership during crises and the importance of diversity and inclusion. Read the full article.
Investors and other stakeholders are increasingly pressing companies in all industries to factor in environmental, social and governmental (ESG) criteria when making certain business decisions. For real estate companies, this means adapting to changes in end user requirements, building design and energy use. This was the focus of the RE Live panel discussion at DLA Piper's 2022 Global Real Estate Summit. Read the full article.
A group of veteran principal investors reflected on the uncertainty of today’s capital markets and the upcoming challenges of real estate investment and development posed by rising interest rates and inflation in Capital Markets in Unsettled Times, a panel during DLA Piper’s 2022 Global Real Estate Summit. Read the full article.
“Repricing” was the word of the day at the “Let’s Make a Deal” panel at the 2022 DLA Piper Global Real Estate Summit, as several accomplished dealmakers engaged in a lively and wide-ranging discussion about current events shaping the real estate marketplace today and in the future. Much of the discussion centered on the timely topics of interest rate changes and inflation. Read the full article.
At DLA Piper’s 2022 Real Estate Summit, the panel titled Redevelopment and Repositioning: Opportunities for Innovative Development focused on a variety of common themes in today’s commercial real estate world. The moderator was Mary Rottler, the COO of First Washington Realty, with panelists Omar Thowfeek of Hines, Keating Crown with Sterling Bay and David Reifman with Clayco. What does innovative development mean given the trade winds in CRE today? Read the full article.
In a wide-ranging conversation at DLA Piper’s 2022 Global Real Estate Summit, industry veterans shared some fascinating insights regarding the future of the office sector, the intersection of real estate and technology, as well as key take-aways from the pandemic. Read the full article.
DLA Piper’s 2022 Global Real Estate Summit opened with a conversation between David Rubenstein, Co-Founder of Carlyle, and David Axelrod, former Senior Advisor to President Barack Obama and Founding Director of The University of Chicago Institute of Politics, on the political landscape affecting the United States and its economy. Read the full article.
Q: As inflation and interest rates increase, and some economists warn a recession may be in our future, what is your outlook for CRE for the upcoming 12 months?
I’m optimistic about most asset classes for three primary reasons: the fundamentals remain solid; leverage rates are reasonable; and there is an abundance of available investment capital. Although rising inflation is a concern, CRE is often viewed as an inflation hedge, especially for assets that can raise rents quickly enough to keep up with inflation. In fact, I’ve seen one study that shows that every 1percent increase in inflation is associated with a 1.1 percent increase in total return. And while inflation and rising interest rates make it more expensive to develop new product, that same force can protect and potentially increase the value of existing assets. In the end, I think that the real wild card is the recession risk. In response to the pandemic, the Fed poured about $4.5 trillion into the economy and reduced the overnight rate to zero. Now, the question is whether the Fed can thread the needle: increase interest rates and reduce its balance sheet in a way that is sufficient to tame inflation but that does not trigger a recession – the hoped-for soft landing. Read the full article.