As Good as it Gets?
The Real Estate Outlook for 2019
The economy is firing on nearly all cylinders, and business and consumer confidence is high. For those of us paying attention, however, the alarm bells are clanging as often occurs when we approach a market peak. This may be "as good as it gets!" The market is clearly jittery, a trade war is in partial play, foreign markets are slowing or worse, interest rates, the federal deficit and the dollar are rising, the yield curve has inverted, corporate debt has reached scary levels, and the US economy has been slowing. Add in political turmoil and it is hard to see strong continued growth.
But is this the harbinger of merely slower growth, a downturn or the "R" word as some are forecasting? And what is the role of real estate in all this and how should this impact our investment strategy? And more importantly, how will this impact us here in the Bay Area?
Please join Alan Billingsley, Andrew Nelson, along with LAI members and guests for a spirited conversation on the outlook for commercial real estate in 2019 as we pass a market peak.
Ticket sales will close on January 7th at 7:00 pm.
The January Luncheon often sells out due to capacity issues.
Reserve your tickets now!
Join us on Tuesday, January 8th.
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Alan Billing
sley Andrew Nelson
PRESENTERS
- Alan Billingsley, Former Head of Americas Research at RREEF
- Andrew Nelson, Chief Economist, USA, Colliers International
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Biographies
ALAN BILLINGSLEY
Mr. Billingsley served as head of research and investment strategy for RREEF/Deutsche Asset Management for 13 years, previously consulting in land economics at The Sedway Group and Economics Research Associates. He currently focuses his efforts in managing a moderate sized portfolio of residential investment properties. He continues to pursue his interests in land economics, particularly as they relate to the San Francisco Bay Area. He is an active member of the Urban Land Institute, Lambda Alpha International, Counselors of Real Estate; and SPUR. He serves on the Executive Board of SWA Group, an international landscape architecture and planning firm and the Advisory Board for Sack Properties, a private equity investor in multi-family properties.
ANDREW NELSON
As Chief U.S. Economist at Colliers International, Andrew develops the firm's economic and market perspectives and provides strategic advice to the firm's clients. In collaboration with the U.S. leadership team, he is responsible for driving Colliers' research agenda and leading the U.S. research team in providing insight, thought leadership and guidance about commercial real estate, capital markets and financial investment and related sectors.
Prior to Colliers, Andrew spent eight years at Deutsche Asset & Wealth Management, most recently as Director, Research & Strategy in the Americas, where he managed the U.S. Research team and was the retail sector and sustainability specialist. Previously he held a variety of leadership positions in both the public and private sectors including Vice President of HOK Advance Strategies; where he served as national practice leader of the Portfolio Services service line. He also managed a construction-lending program for the World Bank in Russia, held a two-year "Community Builder" fellowship with the U.S. Department of Housing and Urban Development, and managed the regional real estate consulting practice at Deloitte & Touche in San Francisco.
Andrew holds a Master of City and Regional Planning from Harvard University and is the author of numerous articles on real estate sustainability, macroeconomics, retail sector dynamics and other topics in property economics, market research and demographics.
Andrew has been the invited speaker at numerous professional conferences including for the Mortgage Bankers Association (MBA), the U.S. Green Building Council (USGBC), the Urban Land Institute (ULI), the International Council of Shopping Centers (ICSC), the Counselors of Real Estate (CRE), the Institute of Real Estate Management (IREM), the National Association of Real Estate Investment Trusts (NAREIT), the National Council of Real Estate Investment Fiduciaries (NCREIF), and the Pension Real Estate Association (PREA).
Among other industry involvement, Andrew serves on the ULI's Commercial and Retail Development Council -- Platinum Flight and was Chair of the North American Research Task for ICSC. He holds a Counselor of Real Estate (CRE) designation and is a certified general real estate appraiser in California. He received a 2015 Gold Medallion Award for research from ICSC and was inducted into the Lambda Alpha International land economics honor society in 2014.
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One Market Street is located at the foot of Market Street It is one block east of the Embarcadero BART station, across the street from the terminus of the California Street Cable Car line and several MUNI bus stops (visit the
Muni website to find the best route from your starting point).
Valet Parking is available for Lunch for $12 at the corner of Market and Steuart Streets (less expensive than local parking garages.)
Parking Garages nearby:
8 Mission Street - Hotel Vitale - valet only
123 Mission Street
188 Spear Street
160 Spear Street
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TICKETS
Use the quicklinks below to RSVP and purchase your tickets.
Cost:
$60 Members & Guests
1. Online
~ or ~
Mail your check to:
Anne Slade
c/o LAI, Golden Gate
1306 W. 8th Street
Davis, CA 95616
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Vegetarian Option If you would like a vegetarian meal for lunch, please take a place card from the check-in desk and place it at your table. This will ensure enough time for your meal to be cooked and served promptly.
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Cancellation Policy
If you are unable to attend a Lambda Alpha event for which you have made reservations, please remember to cancel no later than 72 hours prior to the function or you will be held responsible for payment.
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