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Tuesday, June 16, 2009
7: 30 AM Welcome Breakfast & Registration
8: 15 AM Real Estate Private Equity Funds: The End of an Era?
Scott Farb, Managing Principal Reznick Group
Moderator:
Brad White, Senior Vice President of Acquisitions and Development
The Habitat Company LLC
Panelists:
John Jaeger, First Vice President, CB Richard Ellis
8: 25 AM State of the Chicago Market Town Hall Meeting
Industry-leading investors, owners, developers, brokers and finance executives will
attempt to answer important questions, including: How has the recession impacted
overall market activity? What has been the response of the debt and equity markets,
especially following the financial market gyrations in late 2008? What are the return requirements of equity providers in today’s environment, and what are the new
requirements of debt providers? What’s the outlook for leasing, investment and development, across the property types, both downtown and in the suburban markets.
Hear from industry heavy-hitters in this “view from 10,000 feet” opening panel about
the state of the market today—and what to expect in Q3, Q4 and 2010.
Moderator:
Shawn Mobley, Executive Vice President, Managing Director, Grubb & Ellis
Panelists:
Vicki Noonan, Managing Director, Director of Leasing Midwest Region,
Tishman Speyer
Bill Rolander, Jr., Principal, The John Buck Company
Steve Stratton, Managing Director, Midwest Tenant Representation,
Jones Lang LaSalle
10: 35 AM Opportunities in Distressed Assets And Restructured Finance
With property values plummeting and banks holding nonperforming assets on their
balance sheets, a number of funds have been formed to buy those distressed loans
and assets at bargain prices. But how many distressed asset sales have actually
taken place in Chicago--is it more talk than action? How much of a discount can distressed assets be purchased for now? What are the legal issues an investor should
know before buying distressed assets? Will more distressed assets come to market
in the second half of 2009? What about the CMBS market? Once a distressed asset is acquired, what is the game plan: hold or sell? This panel, featuring both local
and national distressed asset experts, will answer these questions and forecast the
market for distressed assets in 2009.
Moderator:
Bernard Haddigan, Senior Vice President / Managing Director, Marcus & Millichap
Panelists:
Leslie Andren, Senior Vice President, Special Assets Group, Bank of America
Debbie Corson, Principal, Apartment Realty Advisors
David Kessler, Managing Principal, Reznick Group, P.C.
Jerry Ong, Principal, Jupiter Realty Corporation
9: 30 AM - 10: 20 AM
A1 Forecasting Leasing, Investment and Development
in the Industrial Market
Chicago’s industrial market is better fortified to resist the slings and arrows of the
downturn than many others in the country. But there remain bumps on the road
ahead to recovery. Availability has hit double digits and net absorption is deep in
negative territory. This panel will assess the keys to improvement, covering access to
capital, the possible return of sublease supply to the market, slowed construction and
the ongoing landlord wars to compete for tenants and offer near-term stability.
Moderator:
J. Leonard Caldeira, Managing Director, Industrial Services, Jones Lang LaSalle
Panelists:
David Bercu, Principal, Colliers Bennett & Kahnweiler Inc.
Don Schoenheider, Vice President & City Manager, Liberty Property Trust
Mike Yungerman, Vice President, Real Estate Development,
Opus North Corporation
11: 40 AM - 12: 30 PM
B1 Downtown Office Outlook
Chicago’s industrial market is better fortified to resist the slings and arrows of the
downturn than many others in the country. But there remain bumps on the road
ahead to recovery. Availability has hit double digits and net absorption is deep in
negative territory. This panel will assess the keys to improvement, covering access to
capital, the possible return of sublease supply to the market, slowed construction and
the ongoing landlord wars to compete for tenants and offer near-term stability.
Panelists:
Kyle Elfers, Vice President, The John Buck Company
Geoff Euston, Senior Vice President, U.S. Equities Realty
John Przybyla, Vice President/Regional Manager, Marcus & Millichap
B2 Suburban Office Outlook
The credit crunch has caused landlords to offer for tenant improvements. Slack job
growth has affected demand. Lingering questions about the market have slowed
leasing activity. And major tenants are moving from the suburbs to the Central Business District. Is there any good news about the suburban office market? Sales volume could rise as capital market conditions improve, possibly as early as the end of
this year, changing the “wait and see” attitude held by many current suburban office-market players. Those active in Chicago’s suburban and exurban markets focus on
the factors that spell recovery and what to look for in the year ahead.
Moderator:
Michael Flynn, Executive Vice President, NAI Hiffman
A2 Weathering the Storm: the Multifamily and Condo Market
Amid a grim economy and employment pictures, as well as Daley administration
plans to curb residential development in the Central and West Loop in favor of office
space, there are bright spots in areas outside of downtown. But questions loom.
When will soaring vacancy rates slow? What of the nearly 1,000 new apartments
slated to open downtown by 2011, increasing supply amid thousands of already-
unsold homes lying dormant or being auctioned off by developers? A panel of leading
executives from both the “for rent” and condo sides of the business, including the
developers building or converting, and the brokers selling buildings and units, will
Additional speakers
discuss the a turbulent market and offer their theories on a turnaround.
to be announced
12: 30 PM RealShare Chicago Concludes
FIND OUT MORE OR REGISTER AT:
www.RealShareConferences.com/chicago
