Urban Land magazine asks Toby Bozzuto, president, Bozzuto Development Company, about what was discussed during his 2011 ULI Fall Meeting panel on multifamily development. He provides his perspective on Washington, D.C.–area for-sale properties and foreclosure inventory. In addition, he explains the panel’s outlooks on where various U.S. regions are in the development cycle, when he expects to see a recovery in real estate, as well as the new “design-centric culture” element in the apartment industry.