June 2016 Economic Outlook
PRESS RELEASE
UCLA Anderson Forecast: Slowly, Steady Growth Continue
UCLA Anderson Forecast’s second quarterly report in 2016 for the United States calls for continued slow but steady GDP growth in the two percent range. As forecast in the spring report, national economic growth will be driven by increases in consumer spending and housing, along with an end to the [...]
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COMMERCIAL REAL ESTATE REPORT
Letting the Air Out of Commercial Real Estate
Fueled by cheap money, low levels of new construction except for apartments, and modestly improving demand commercial real estate values have more than doubled off their financial crisis lows of 2009. The best properties are trading at record low capitalization rates of below 5% and the [...]
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Videos
June 2016 Economic Outlook
Keynote Speaker: Peter Lowy
Co-CEO, Westfield Corp.
Kaufman Hall, UCLACo-CEO, Westfield Corp.
Wednesday, June 8, 2016 | 12:30 - 4:45 p.m.
THIS EVENT IS SOLD OUT | Seating is limited. Online registration closes 11:59 p.m. on 6/6/2016
Commercial real estate prices have more than doubled since the financial crisis lows of 2009 and in many cities the skyline is dotted with construction cranes. Similarly multi-family housing has been on a tear with rent growth outstripping income growth for most of the current decade making affordability a political issue. The critical questions we will be asking at the conference is whether or not these trends will continue or is the bull market over.
Agenda
| 12:30 - 1:30p | Registration |
| 1:30 - 1:35p | Welcome and Introductions |
| 1:35 - 2:40p | UCLA Anderson Forecast for the Nation and State |
| 2:40 - 3:05p | Setting the Stage for Real Estate |
| 3:05 - 3:20p | Break |
| 3:20 - 3:55p | Keynote Address by Peter Lowy, Co-CEO of Westfield Corp. |
| 3:55 - 4:40p | Executive Panel Discussion: Commercial Real Estate |
Key Topics
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Is the bull market in commercial real estate ending? |
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What will be the impact of the on-going technological disruption on office, retail, industrial and hotel demand? |
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Although commercial real estate has thrived in the low interest rate environment, is the lending environment turning hostile? |
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Are California's commercial real estate developers still optimistic? |
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Full employment--is it here yet? |
Speakers
Judy Olian, Dean and John E. Anderson Chair in Management, UCLA Anderson School of Management
Edward Leamer, Director, UCLA Anderson Forecast
David Shulman, Senior Economist, UCLA Anderson Forecast
Jerry Nickelsburg, Senior Economist, UCLA Anderson Forecast
William Yu, Economist, UCLA Anderson Forecast
Peter Lowy, Co-CEO, Westfield Corp.
Stuart Gabriel, Arden Realty Chair and Professor of Finance and Director, UCLA Ziman Center
Wayne Brandt, Managing Director - National Originations Director, Wells Fargo Bank
Brad Cox, Senior Managing Director, Trammell Crow Company
Mark Forbes, Executive Vice President - Real Estate Division, City National Bank
John Tipton, Partner, Allen Matkins
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