6th Annual Real Estate and Law (REAL) Symposium
Co‐produced by Stanford Professionals in Real Estate (SPIRE) and
The Real Property Law Section of The State Bar of California

Date: Thursday, February 92017

Time: Symposium:  1:00 p.m. – 5:00 PM; Reception 5:00 p.m. – 7:30 PM

Format: Two keynote speakers and two panel discussions (Descriptions below)

Location: Stanford University, Paul Brest Hall (Law School) 555 Salvatierra Walk, Stanford, CA 94305

Join California’s leading real estate professionals at the 2017 REAL Symposium to hear the former Director of the White House National Economic Council forecast the Trump administration’s impact on the economy and real estate industry.  Our panels of experts will discuss transit oriented development in the Bay Area and the evolution of retail development, leasing and investment in today’s tech-driven society.

PROGRAM SCHEDULE AND SPEAKERS

 

1:00 PM – 1:15 PM:        Opening Remarks

1:15 PM – 2:30 PM:        Panel I: The New Village People: Transit Oriented Development in the Bay Area

2:30 PM – 2:45 PM:        Networking Break and Refreshments 

2:45 PM – 4:00 PM:        Keith Hennessey (’90), Lecturer, Stanford Graduate School of Business

4:00 PM – 4:15 PM:        Networking Break and Refreshments 

4:15 PM – 5:20 PM:        Panel II: Retail – Got Growth?

5:20 PM – 5:30 PM:        Closing remarks

5:30 PM – 7:30 PM:        Reception

Panel I: The New Village People: Transit Oriented Development in the Bay Area

Moderator:

Rafe Rabalais – Long Range Asset Development Manager, SFMTA

Panelists:

Sean Brooks – Real Estate and Property Development Department Manager, BART

Hillary Gitelman – Planning Director, City of Palo Alto

Nathan Hong – Sr. Vice President, AvalonBay Communities

Panel Description:

The Bay Area’s long commutes and challenging geography make it an ideal place to make transit-oriented development (TOD) happen. Both BART and SFMTA have made TOD projects a central part of their strategic plans and have hired strong teams to get TOD projects in place on land they control along key commuter corridors.

Everyone says they are in favor of getting people out of their cars and using public transportation – less parking requirements, less pollution, and ending the tyranny of the long commute for so many bay area workers. But the Bay Area’s commitment to local character and fear of dense, generic projects changing that character make meaningful TOD harder to do than it appears.

Meet the people who are putting these ambitious plans in place – the policy-makers, the real estate teams at BART and SFMTA, and the Planning Directors, all of whom have to balance local concerns with the larger goals of finding places to put workforce housing and make long-term solutions for the bay area as a whole. 

Panel II: Retail – Got Growth?

Moderator 

Bruce Christy – COO & CIO Cadence Asset Management and United Growth Development

Panelists:

Michael Schurer – CFO –  THOR Equities: 

Joel Tomlinson – Senior Vice President Acquisitions – Realty Income

Jonathan Lischke (’97) – Managing Director – Merlone Geier Partners

Panel Description:

Retail is experiencing monumental changes it hasn’t seen since rise of the suburbs, fueled by new fundamental technology and consumer trends. Retail has grown and performed over the last 20 years, what transformation can we expect over the next two years?  The lifecycle of many retail assets is approaching a peak, retail contributes 2/3 to the economy while a recession may be looming, transaction volume and capital markets liquidity are moderating, there is pricing disparity among property subtypes and tenants are gaining power in landlord negotiations.  This panel will explore the key trends impacting investing in retail over the next two years and how these trends may reshape the retailing experience, format, location and pricing of retail assets.