Wednesday, February 13, 2019
1:00 PM - | Registration Desk Opens
1:30 PM - 1:35 PM | Opening Remarks
Steve Lubetkin, Philadelphia & New Jersey Editor, GlobeSt.com
1:35 PM - 1:55 PM | Keynote: The Impact of Socioeconomic Culture on Philadelphia’s CRE Market -- What’s at Stake and What to Expect for 2019
Philadelphia's historically lower-income neighborhoods have been gendrifying at a rapid pace over the last 5-10 years. However, these newly redeveloped areas often experience a similar level of crime as their previous incarnations. This, compacted with the homeless population increasing in Center City as retail moves towards the suburbs, has a huge impact on Philadelphia’s CRE market. In this keynote address, the City of Philadelphia provides insight to the state of the city's socioeconomic culture, and how it’s affecting CRE development, investment and retention.
Maria Gonzalez, President & CEO, HACE
1:55 PM - 2:40 PM | The View from the Top: The State of Philadelphia's CRE Market
Industry power players will give the high-level view of the biggest trends impacting Philadelphia’s CRE market, as they tackle subjects ranging from factors fueling the market, sectors to watch, and vacancy rates. Areas explored will include the rise of multifamily development throughout the city, mixed-use facilities in 1st ring neighborhoods, the debate of luxury vs affordable housing, and how tech jobs will influence the demand for property within the Philadelphia area.
Charles McGrath, Managing Director, Philadelphia, MRP Realty
Billy Procida, President, Procida Funding & Advisors LLC
2:40 PM - 3:00 PM | Coffee & Networking Break
3:00 PM - 3:45 PM | Deep Dive in Deal Making: Capital Markets, Deal Flow Drivers and Investments
Hear capital providers share where the money is coming from and how they make the deals happen. Regardless of whether you want to acquire assets, find qualified buyers or capital sources, recapitalize, or determine the future of your portfolio, information on capital structures and the short- and long-term outlook for the capital markets is critical. Panelists will discuss factors such as cap rates and sectors/neighborhoods to watch, and how they are impacting who’s buying and selling.
Jerry Kranzel, Senior Vice President, Capital Markets - Institutional Properties, CBRE
Jacqueline Buhn, Principal & CEO, AthenianRazak
Amanuel Mekonen, Director, Greystone & Co
Christophe Terlizzi, Senior Vice President & Market Leader for Commercial Real Estate Lending, KeyBank
3:45 PM - 4:30 PM | Neighborhoods in Transition: Exploring Trends in Redevelopment
There is an influx of redevelopment happening across Philadelphia, and neighborhoods like Temple U and the Arts District on the north side of the city, and Point Breeze in south Philadelphia, are teeming with activity. Despite protests from longtime residents and commissioners arguing against gentrification, students are moving in in droves. Multifamily space is expanding with young professionals and empty-nesters looking for flexibility and the best amenities in high-end complexes, and mixed-use developments including office space and parks are popping up in newly repurposed areas; maximizing the space where there used to be nothing. This panel will discuss the biggest trends we’re seeing in the next wave of Philly’s urban revitalization.
Gregory Heller, Executive Director, Philadelphia Redevelopment Authority
Linda Richardson, President, Uptown Development Economic Corporation
4:30 PM - 4:45 PM | Coffee & Networking Break
4:45 PM - 5:30 PM | Emerging Sectors Affecting Commercial Development
Over the years, Philadelphia’s CRE market has seen quite a lot of change. Growth in specific industry sectors has driven more opportunities for developers and investors alike. This panel will explore how urgent-care facilities, tech incubator space, retail and office spaces have all expanded in development, and the role that innovative tech has played in making these developments thrive. Panelists will share their views for how these sectors will be impacted as Philly’s market continues to evolve.
Valerija Beares, First Vice President, Advisory & Transaction Services, CBRE
Steve Rush, Vice President, Leasing, Brandywine Realty Trust